Pineapple Fund donated $1 mln in BTC to Internet Archive

Pineapple Fund goal is to give $86 mln worth of bitcoin to various nonprofit organizations
25 December 2017   592

On Saturday Internet Archive, a non-profit digital library, announced that it received $1 mln in bitcoins from Pineapple Fund.

Internet Archive Twitter

Pineapple Fund is a Bitcoin-only charity established in early December 2017, whose ultimate goal is to give $86 mln worth of bitcoin to various nonprofit organizations.

The charity has already given 657 BTC, about $8.5 mln, to 13 organizations, which focus on different areas, including providing clean water to sub-Saharan Africa, building technology for universal healthcare and improving the treatment of age-related diseases and others.

List of supported charitiesList of supported charities

At the moment of press, 4 400 of Pineapple Fund bitcoins have not been donated yet.

Poland’s Central Bank Sponsored Anti-Crypto Campaign

The Central Bank of Poland has admitted to sponsoring a smear campaign against cryptocurrencies on social networks
21 February 2018   38

According to a Polish news portal, the anti-crypto campaign was orchestrated by Youtube blogger from Poland, Gamellon. For this campaign, the Central Bank of Poland had spent 91,000 Zloty (about $27,000).

At the time of writing this article, this video has over 500,000 views and has not been marked as a paid promotion.

Gamellon used the hashtag #uważajnakryptowaluty, which stands for a website set up by the Polish government to warn users about cryptocurrencies. According to this site, there are several reasons on why users should be wary of cryptocurrencies.

Another blogger Planeta Faktów published a sponsored video on their channel titled ’10 Differences between money and cryptocurrency that you need to know’. It also has the same hashtag, #uważajnakryptowaluty. But unlike Gamellon ’s video, this one has an ‘Includes Paid Promotion’ tag at the start of the video.

There is no law against cryptocurrencies in Poland. But it is illegal to create sponsored content without explicitly mentioning it.