Coinbase Donates $3.6M to Fund Open Source Bitcoin Developers
Coinbase donated $3.6 million to Brink as a result of winding down GiveCrypto, an organization meant to give out crypto to people living in poverty.
- "Brink is excited to announce a $3.6m donation to our Bitcoin development funding efforts from GiveCrypto! Thank you to @brian_armstrong and the @coinbase team as well as @johnhering and @FEhrsam for your support in making this happen," announced Brink.
- "100% of the no-strings-attached funds will go towards Brink engineers and their open source development work on Bitcoin," added the non-profit.
- According to The Block, back in December Coinbase said it was winding down its GiveCrypto initiative, handing out remaining funds to Brink and GiveDirectly.
