Human Rights Foundation Awards $700,000 in Bitcoin Grants to Support Bitcoin Projects
CryptoNewsTerminal Staff05 Jun, 2024
Human Rights Foundation Awards $700,000 in Bitcoin Grants to Support Bitcoin Projects
The Human Rights Foundation (HRF) has awarded a total of 10 BTC (US$700,000) in grants to 13 promising Bitcoin projects, Bitcoin Magazine reported. This generous funding aims to foster innovation and support the development of Bitcoin, a decentralized digital currency. HRF believes in the transformative potential of Bitcoin, recognizing its importance for promoting human rights and financial freedom. The foundation seeks to empower individuals and projects that align with its mission of protecting and advancing human rights worldwide. Among the grantees, Cypherpunk Holdings stands out, receiving a grant to develop an open-source Bitcoin security audit framework. This tool will strengthen the security of Bitcoin wallets and exchanges, enhancing the privacy and security of Bitcoin users. These grants underscore the growing support for Bitcoin from organizations committed to human rights and financial empowerment. The HRF's investment reflects a wider recognition of Bitcoin's value in safeguarding individual liberty and enabling global financial inclusion.
