UK charity to help Pakistan flood victims with cryptocurrency fundraising

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Penny Appeal has been supporting the victims of Pakistan’s floods by constructing family homes for £3,000. (Twitter/@pennyappeal)
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Penny Appeal has been supporting the victims of Pakistan’s floods by constructing family homes for £3,000. (Twitter/@pennyappeal)
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Updated 01 December 2022
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UK charity to help Pakistan flood victims with cryptocurrency fundraising

  • Penny Appeal joins Crypto Giving Tuesday
  • Last year $2.4m raised from digital-asset holders

LONDON: UK-based humanitarian charity Penny Appeal has announced that it would take part in Crypto Giving Tuesday, the biggest day for cryptocurrency generosity, to raise digital donations for its efforts to support the victims of Pakistan’s floods.

Devastating floods since June have killed more than 1,700 people, displaced 7.9 million, and inflicted billions of dollars of damage. Pakistan’s authorities estimate property damage could be as high as $40 billion.

“Bitcoin is more than just an investment; it can also be used to make charitable donations, that’s why on Nov. 29, crypto enthusiasts around the world will be taking part in Crypto Giving Tuesday,” the international charity said in a statement.

“Just as Black Friday and Cyber Monday kicked off the holiday shopping season, Crypto Giving Tuesday is a day for people to show their support for charities and nonprofit organizations that accept cryptocurrency donations,” it added.

Penny Appeal said it has been utilizing platforms like The Giving Block, which helps facilitate cryptocurrency fundraising for nonprofit organizations, to make it easy for people to donate using their digital assets.

The charity’s projects include humanitarian response work, solar-powered water wells, climate-smart villages and education sponsorships for orphans. They are currently working on building permanent homes for those who have lost everything in the floods in Pakistan.

“We’re extremely excited to be able to receive cryptocurrency donations,” said Adeem Younis, founder of Penny Appeal. “Cryptocurrency is playing an increasingly important role in philanthropy, and we hope that Crypto Giving Tuesday will encourage more people to donate cryptocurrencies to support life-saving aid for millions of victims of the Pakistan floods.”

Last year, the day raised over $2.4 million and saw nonprofit participation rise by 839 percent, according to data provided by The Giving Block.

“This year, the team behind Crypto Giving Tuesday is hoping to build on that success and raise even more money for charity,” Penny Appeal said.


Junta leader Gen. Mamdi Doumbouya is declared winner of Guinea’s election, provisional results show

Updated 56 min 27 sec ago
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Junta leader Gen. Mamdi Doumbouya is declared winner of Guinea’s election, provisional results show

  • Mamady Doumbouya took power in 2021 coup

CONAKRY, Guinea: Guinea coup leader ​Mamady Doumbouya has been elected president, according to provisional results announced on Tuesday, completing the return to civilian rule in the bauxite- and iron ore-rich West African nation.
The former special forces commander, thought to be in his early 40s, seized power in 2021, toppling then-President Alpha Conde, who had been in office since 2010. It was one in a series of nine coups that have reshaped politics in West and Central Africa since 2020.
The provisional results announced ‌on Tuesday showed Doumbouya ‌winning 86.72 percent of the December 28 vote, ‌an ⁠absolute majority ​that allows ‌him to avoid a runoff.
The Supreme Court has eight days to validate the results in the event of any challenge.
Doumbouya’s victory, which gives him a seven-year mandate, was widely expected. Conde and Cellou Dalein Diallo, Guinea’s longtime opposition leader, are in exile, which left Doumbouya to face a fragmented field of eight challengers.
Doumbouya reversed pledge not to run
The original post-coup charter in Guinea barred junta members from running ⁠in elections, but a constitution dropping those restrictions was passed in a September referendum.
Djenabou Toure, the ‌country’s top election official who announced the results on ‍Tuesday night, said turnout was 80,95 percent. However ‍voter participation appeared tepid in the capital Conakry, and opposition politicians rejected ‍a similarly high turnout figure for the September referendum.
Guinea holds the world’s largest bauxite reserves and the richest untapped iron ore deposit at Simandou, officially launched last month after years of delay.
Doumbouya has claimed credit for pushing the project forward and ensuring Guinea benefits ​from its output.
His government this year also revoked the license of Emirates Global Aluminium’s subsidiary Guinea Alumina Corporation following a refinery dispute, ⁠transferring the unit’s assets to a state-owned firm.
The turn toward resource nationalism — echoed in Mali, Burkina Faso and Niger — has boosted his popularity, as has his relative youth in a country where the median age is about 19.
Political space restricted, UN says
Political debate has been muted under Doumbouya. Civil society groups accuse his government of banning protests, curbing press freedom and restricting opposition activity.
The campaign period was “severely restricted, marked by intimidation of opposition actors, apparently politically motivated enforced disappearances, and constraints on media freedom,” UN rights chief Volker Turk said last week.
On Monday, opposition candidate Faya Lansana Millimono told a press conference the election was marred by “systematic fraudulent practices” and ‌that observers were prevented from monitoring the voting and counting processes.
The government did not respond to a request for comment.