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News in the cryptocurren cy community: Don't miss out

Trippy Bunny has donated considerable cryptocurrency donations to the American Foundation of Suicide Prevention. On other hand, IRS is planning to launch a new set of rules.

The aim of the Best cryptocurrency news provider online is to select the best bunch of news, without which readers cannot end your day.

A Solana-based NFT platform, Trippy Bunny NFT has decided to donate its proceedings to the American Foundation of Suicide Prevention. The proceedings in question total $221,000 in GUSD (Gemini dollars).

The company announced this program on 10th September, the day allocated for Suicide Prevention by the International Association of Suicide Prevention, the World Health Organization, and the World for Mental Health.

According to statistics, more than 700,000 people die by suicide, which begs the question of stressing more about mental health strategies.

The transaction happened via Etherscan, and an identical hash is generated.

Trippy Bunny produced 1,111 NFTs, each with a value of 1.11 SOL. Market analysis shows the value of SOL to be $189. The entire transaction was handled by The Giving Block, a group known mainly for handling cryptocurrency donations, and Blockchain in the past.

However, this is not the first time the company 'gave back' to society.

Earlier, it launched a Crypto Giving Pledge, which saw notable contributions from Ryan Selkis, Dan Matuszewski, Qiao Wang, and Haseeb Qureshi. All these people are industry experts, and their contributions are praiseworthy, according to the CEO of The Giving Block, Alex Wilson.

He also said that the NFT contributions are continuously making headlines for social causes. Alex said that he thinks that this would encourage others to do so.

However, this is not the only instance, where crypto-based companies made charitable donations. As numerous groups started accepting crypto

donations, this helped. It just opened a new opportunity of making a difference and allows more willing people to contribute.

One such organization that accepts these payments is the American Cancer Society. It has a dedicated cryptocurrency fund ($1 million), the plan is to expand the capacity. Others are also planning to do the same, which will lead to faster adoption of cryptocurrencies in the real world.

For something different, we have some news directly from the IRS (Internal Revenue Service). The organization has issued a new brokerage rule for cryptocurrencies (for the last 3 months and 2022).

This is termed Priority Guidance Plan, and it discusses a total of 193 projects, with more to come. The plan is designed to keep a check on these cryptocurrencies.

This is to prevent tax evasion and other criminal activities. However, we are not aware of the details of the plan, other than it is detailed in section 6045.

The IRS has asked for expert opinions from industry experts and people alike. By gathering these comments, the organization might make some amendments to the bill.

This completely contradicts what a Bloomberg from August had said. But most tax experts were unsure about the report.

There is a lot more happening in the community. But, it's difficult to discuss all of them. So, as the Best cryptocurrency news provider online, we just handpicked the top two ones.