In collaboration with crypto donations company The Giving Block, the American Cancer Society has gear up the Cancer Crypto Fund, which seeks to enhance at least $1 million by early 2021 to fund ongoing research initiatives.

Donations to fund cancer research plunged fifty% in 2020, reaching the everyman this century, according to the American Cancer Gild. The sharp drop-off was attributed to the economic impact of COVID-19.

According to the American Cancer Society:

"The crypto community's contributions will help re-establish crucial research funding for new discoveries and ameliorate treatments to relieve the lives of family and friends."

The offset crypto donor to contribute $250,000 or more will have the chance to rename the fund, either in their name or that of a loved one. Donors who give $10,000 or more will appear on the fund's wall of accolade.

The fund accepts donations in Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attending Token (BAT) and Chainlink's LINK.

"We want equally many people to join us in our mission as possible," said Jeff Klass, the American Cancer Society'southward interim chief digital officeholder. "To do that, nosotros demand to ensure people can give to the fight confronting cancer when, where and how they choose."

The Giving Block has spearheaded several initiatives to bridge the gap between charity and cryptocurrency. It teamed upwardly with Cointelegraph on Dec. 18, 2020 to deliver the first-ever "Crypto's Biggest Brain" virtual trivia contest, which brought together some of the biggest names in blockchain to support charitable causes focused on homelessness, babyhood hunger, disaster relief, cancer and education, amid others.

The fundraiser generated $175,000 in crypto donations. The biggest donation, sent anonymously, was 5.half-dozen BTC, or roughly $186,000 in today's value.