COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Coinbase Donates $3.6 Million in Bitcoin to Support Brink
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Coinbase > Coinbase Donates $3.6 Million in Bitcoin to Support Brink
Coinbase

Coinbase Donates $3.6 Million in Bitcoin to Support Brink

In Brief

  • Coinbase ends GiveCrypto, supports Brink with Bitcoin donation.

  • Brink aims to strengthen Bitcoin protocol through research and development.

  • Crypto market events increase public interest in cryptocurrencies.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Coinbase, while ending its GiveCrypto event that distributed crypto assets to impoverished citizens, announced a donation of $3.6 million in Bitcoin to support the non-profit organization Brink. The United States cryptocurrency exchange revealed in December that it ended the initiative due to its inability to create a lasting impact. At that time, Coinbase stated that it divided the remaining funds between Brink and a charity platform called GiveDirectly, but did not disclose the amount donated.

Contents
Notable Steps for BrinkIncentive Events in Cryptocurrency

Notable Steps for Brink

Founded in 2020, Brink, aims to strengthen the Bitcoin protocol through research and development and by supporting the Bitcoin developer community. It offers a scholarship program to involve new software engineers in Bitcoin development and a grant program for existing Bitcoin developers.

Brink announced that the funds will be used to support a group of grant recipients focused on the Bitcoin codebase. Brink co-founder Mike Schmidt shared the following statement:

“Brink is excited to receive one of the largest Bitcoin open-source developer donations from Coinbase, one of the biggest companies in the field. With these funds, we will continue our mission to support the Bitcoin developer ecosystem through financing, education, and mentorship,”

In June 2023, Brink raised $5 million from Jack Dorsey’s Smart Small financing initiative to support independent Bitcoin developers through various grants. In January 2024, investment firm VanEck announced it would commit 5% of its spot Bitcoin ETF profits to Brink.

Incentive Events in Cryptocurrency

In the cryptocurrency market, companies’ steps to increase interest in crypto through such events are noteworthy. Along with these initiatives, citizens’ interest in cryptocurrencies is growing day by day. Especially these days, with the rising price of Bitcoin, the emergence of such events is of great significance.

Incidents of hacks and bankruptcies in the crypto sector, especially in the blockchain field, cause people to fear and worry about this area. However, recent events such as airdrops are helping users to turn back to cryptocurrencies.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Coinbase Takes Bold Stand Against Hackers in Massive Data Breach

A Hacker’s Bold Message Stirs Crypto Security Concerns

Coinbase Data Breach Shocks with Far-Reaching Consequences

Hackers Breach Coinbase and Compromise Sensitive User Data

SEC Scrutinizes Coinbase: Unexpected Probe Continues

COINTURK NEWS 16 February, 2024 - 11:22 pm 16 February, 2024 - 11:22 pm
Share This Article
Facebook Twitter
Share
Previous Article Filecoin Shows Strong Uptrend Signals with Anticipated Price Rise
Next Article Ethena Labs Secures $14 Million for Synthetic Dollar Initiative
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Binance Empowers Entertainment Industry with Exciting New Altcoin Launch
Altcoin News Binance
Bitcoin Soars to New Highs as XRP Faces Market Challenges
Ripple (XRP)
Bitcoin’s Potential Pullback: Will the Golden Cross Trigger a Correction?
Bitcoin (BTC)
Peter Schiff Criticizes the Boom of Stablecoin Usage in the US
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?