GiveCrypto, founded by Brian Armstrong, CEO of Coinbase, aims to offer "direct donations to people in need." 

This initiative has recently donated $3.6 million to Brink, a non-profit organization committed to providing financial support to developers working on Bitcoin.

Brink, established by Bitcoin developers John Newbery and Mike Schmidt, aims to offer financial support and mentorship to emerging open-source Bitcoin developers.

Schmidt stated: 

This builds on our previous partnership with Coinbase's Crypto Community Fund and 100% of these funds will go toward the developers with no strings attached to the contribution.

Developers can apply for Brink's fellowships and grants, with details on their website.

Schmidt also highlighted that the donation from Coinbase's GiveCrypto marks one of the most substantial contributions to Bitcoin development. 

This funding will allow Brink to extend its support for Bitcoin developers and key projects, accelerating innovation and development within the Bitcoin ecosystem.

Following the strategic decision to wind down GiveCrypto, Coinbase announced it would allocate the remaining funds to Brink and GiveDirectly, emphasizing Brink's role in maintaining Bitcoin infrastructure and GiveDirectly's effectiveness in directing donations to those in greatest need.

After deciding strategically to phase out GiveCrypto, Coinbase announced that the remaining funds would be distributed to Brink and GiveDirectly. This highlights Brink's contribution to maintaining and enhancing Bitcoin's infrastructure, as well as GiveDirectly's expertise in efficiently directing donations to those who need them the most.

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