Coinbase donates $3.6 million to support Bitcoin developer funding through Brink | Headlines | News | CoinMarketCap

02/17/2024 00:47
Coinbase donates $3.6 million to support Bitcoin developer funding through Brink | Headlines | News | CoinMarketCap

Coinbase is donating $3.6 million to Bitcoin-supporting nonprofit Brink as it winds down GiveCrypto, an organization that gave out crypto to those in …

Coinbase is donating $3.6 million to Bitcoin-supporting nonprofit Brink as it winds down GiveCrypto, an organization that gave out crypto to those in poverty.

In December, the exchange said that it was ending the initiative due to its inability to create a lasting impact. At the time, Coinbase said it was splitting the remaining funds between Brink and a charity platform called GiveDirectly, but didn't specify amounts.

Founded in 2020, Brink aims to boost the Bitcoin protocol through research and development, and by supporting the Bitcoin developer community. It offers a fellowship program to onboard new software engineers into Bitcoin development and a grants program for existing Bitcoin developers.

Brink said the funds will be directly used to support its grantees, which are a number …

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