The United Nations Children’s Fund (UNICEF), Australia office, is mining cryptocurrency as part of its fundraising activities. The organization is using the computer processing power of site visitors to mine cryptocurrency. The proceeds from the mining activity are then used to support the organization’s humanitarian work across the globe. UNICEF is a United Nations (UN) Program with its headquarters in New York. The fund provides aid to children and mothers in developing nations and other areas affected by humanitarian crisis.
To make a layman understand the basics of Bitcoin, I’d like to quote a statement by Peter Diamandis (the renowned physician, engineer, and entrepreneur),
“Bitcoin is smart currency, designed by forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions of all good things”
Bitcoin has become quite the hot topic and has left many people yearning to learn more and be involved. If you are one of those people with a desire to fully explore the cryptocurrency world, then it’s high time you delve into the community.
The St. Federal Reserve has published a blog post highlighting some similarities between bitcoin and regular currency. It is based on an earlier research paper carried out by the Fed indicated three key attributes common to both Bitcoin and regular currency. This comes at a time when there is a lot of debate concerning cryptocurrencies in general and how they are to be regulated. According to the blog post Bitcoin whether in principle or in practice sure does behave a lot like physical cash.
Buying Bitcoin through Paypal is something many people would like to do, but there are almost no exchanges out there that support Bitcoin purchases via Paypal. Thankfully I said “almost no”, because today I want to let you know about one exchange that will let you buy Bitcoin with Paypal, which is something that’s very helpful to a large group of individuals.
So, today I’ll talk a bit about Virtual World Exchange, or VirWoX, which has found an interesting loophole as part of their business model and because of this you can buy Bitcoin with Paypal.
David Burt, the Premier and Minister of Finance of Bermuda has signed a memorandum of understanding (MOU) with the Binance Group. This was formally announced during a joint press conference on April 27,2018. The MOU will enable Binance to provide funding for educational courses in the field of blockchain technology and fintech in Bermuda. It is part of Binance’s ongoing attempt to foster innovations in the field of blockchain technology. The company also recently partnered with Crypto Savannah, a blockchain enterprise in the East African nation of Uganda to support the development of blockchain technology innovation in the country.
Governments around the world have been toying with the idea of state-owned cryptocurrencies for quite some time, and the concept has become appealing to the Feds as well – with talk of a state-backed cryptocurrency having surfaced in American discourse.
Some nations’ central banks have already considered such a step as a middle road between unregulated cryptocurrency enthusiasm and outright banning.
While not well known or widely used, colored coins could very well be the beginning of Bitcoin 2.0 as they expand the utility of the Bitcoin blockchain. The colored coins are tokens that are representations of real world assets on the blockchain. You can use colored coins to prove ownership of any physical asset, from precious metals to cars to real estate, or equities and bonds. And they are extremely easy to issue.
Cardano was intended as a complete cryptocurrency, capable of performing the functions of fiat currencies, overcome the challenges that confront the global payment system and even those that other digital currencies have encountered. More than just a cryptocurrency, Cardano was designed to serve as a technology platform that lets users run every-day financial applications used by governments, individuals, and companies around the world.
Coinbase, the most popular bitcoin exchange in the United States has banned the Wikileaks Shop account from using its services. The ban was issued due to an alleged breach of the platform’s terms of service although no specifics were given. In response, Wikileaks has called for a global blockade of Coinbase citing the non-specificity of the allegations and the suspected involvement of U.S. government interference. According to Greg Barns, a part of the Julian Assange legal team, the move symbolizes an attempt to block free speech. Barns also went on to say that the situation with Coinbase is symptomatic of the opposition that Wikileaks faces in the mainstream financial scene.