American Cancer Society Launches $1M Cryptocurrency Fund

The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund.

AccessTimeIconJan 27, 2021 at 11:15 a.m. UTC
Updated Sep 14, 2021 at 11:01 a.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

The American Cancer Society (ACS) has launched a cryptocurrency fund to support cancer research.

  • The non-profit organization announced Tuesday it has partnered with cryptocurrency donations platform The Giving Block to launch the fund, setting a fundraising target of $1 million by early 2021.
  • Cryptocurrency raised through the Crypto Cancer Fund will go directly to funding the society's cancer research program, supporting research for "new discoveries and better treatments."
  • The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund, such as after themselves or a loved one.
  • Any donations of $10,000 or more will feature on the Crypto Cancer Fund “Wall of Honor.”
  • Contributions in bitcoin, bitcoin cash, ether, litecoin, zcash, gemini dollar, basic attention token and chainlink are accepted.
  • “I believe cryptocurrency will play a pivotal role in curing cancer,” said Pat Duffy, cofounder of The Giving Block, in a statement. “With bitcoin hitting a new all-time high, the creation of this new fund opens the door for the booming crypto market to save lives.”

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.