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   1433

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.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   149

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 
 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.