Mexican Companies Launch Crypto Donation Platform For People Impacted by COVID-19
Mexican cryptocurrency exchange, Bitso, joined forces with the crowdfunding platform, Donadora, to launch a crypto-based donation system. The platform will help gather funds to buy food for the most vulnerable families affected by the COVID-19 crisis.
According to a report published by El Heraldo de México on May 15, each pantry delivered will be worth 150 Mexican pesos. They will have enough food to feed families of between four and six members for a week.
Donation options include both fiat currencies and various cryptos, such as Bitcoin (BTC), Ether (ETH), and XRP.
Crypto donations gain popularity as a crowdfunding method
The local exchange stated that crypto donations are a very efficient method for crowdfunding. This is due to their decentralized nature and the fact that anyone in the world can participate in the initiative.
Bitso released the following comments after the announcement:
“Donations through cryptocurrency wallets are easy, fast, and secure. Transactions are reflected in seconds, making it a very transparent method to ensure that your donation was received.”
Initiatives to fight COVID-19 continue to arise in the crypto space
Cointelegraph reported on another crypto crowdfunding campaign in April, launched by the Italian Red Cross. The campaign aimed to build an advanced medical post to combat COVID-19 in Italy. This endeavor successfully raised $10,000 in four weeks.
Several crypto firms launched similar initiatives related to the COVID-19 pandemic crisis across the world, such as Binance, BitMEX, and the Stellar Foundation.
If reproduced, please indicate the source: http://www.uucj.net/mexican-companies-launch-crypto-donation-platform-for-people-impacted-by-covid-19/
Hong Kong’s new competitor to make clever use of blockchain technology Chinese authorities have unveiled their masterplan to build its largest Special Economic Zone (SEZ) in the Hainan province on June 1, according to Xinhua News. The country aims to turn the Hainan island into a world-class free trade port with a focus on escalating the development of its financial market through free trade, investment and cross-border capital flows across the island. The announcement comes at a time when China’s largest free trade hub, Hong Kong, is facing threats by the US regarding the withdrawal of special privileges. As concerns raise regarding Hong Kong’s future status as an international financial hub, Hainan is China’s answer. One of the key strategies being pursued by the Chinese Government in Hainan is to encourage the use of blockchain to reform government functions. Authorities believe that modern technology, like blockchain, will aid in building a comprehensive, standardised and effective free trade port governance system. “We should give full play to the role of modern information technology, such as big data and blockchain, standardize government…Jun 3, 2020
Over the last year and a half, decentralized finance has had an explosion of activity. Lending and borrowing decentralized applications, margin trading, liquidity protocols, stablecoins, insurance and derivatives have all grown in user numbers, in on-chain activity and in product maturity. As DeFi has grown, the need to exchange value from one form to another has grown with it, and multiple liquidity providers have stepped up to service this growing need for liquidity. This is the natural evolution of any system, introducing expanding functionality and connectivity and as it grows. Based on our own experience, we wanted to share some insights into decentralized markets and how to scale up to meet DeFi’s growing demands. We feel it’s an important lesson in building a sustainable, growth-oriented future for DeFi. Related: DeFi Can Now Choose to Run Trustless Zero-Knowledge Proofs Efficient use of token inventory There are multiple ways to bring liquidity to the market. Some liquidity providers use an automated market-making model that uses a predetermined curve to arrive at price discovery, while more manual models include liquidity providers actively rebalancing…Apr 2, 2020
India’s Prime Minister Narendra Modi awarded young entrepreneur Harshita Arora, the developer of a cryptocurrency price tracking application, amid an ongoing battle in her home country over the status of cryptocurrency. In a tweet on Jan. 24, Modi said that Arora’s “passion towards science, technology and human welfare are clearly visible.” She received the Bal Shakti Puraskar 2020: an award recognizing youth’s contributions in the fields of social service, innovation, bravery, sports, art and culture and scholastics. Arora was born on Oct. 2, 2001, and “created an app to safeguard investors from scammers,” according to Modi’s tweet. Her app, Crypto Price Tracker, is a portfolio management and price tracking app. She also worked on the “Food AI” application that identifies food in pictures, and another application that helps biologists count cells in microscope images — the aptly named “CellCount.” The complicated situation of crypto in India The fact that the prime minister issued an official award to a crypto-involved person is particularly interesting given the conditions for the cryptocurrency industry in the country. As Cointelegraph recently reported, the Supreme Court…Jan 26, 2020
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte The bitcoin vs USD debate is never-ending with both currencies having their own share or pros and cons. When it comes to inflation rate, bitcoin seems to fare better than USD, having a lower inflation rate than the latter. Crypto analyst and founder of Standpoint Research Ronnie Moas is of the opinion that Bitcoin’s inflation rate will dip further after reward halving in 2020, therefore, establishing it as a more stable store of value than the US dollar. Bitcoin’s Inflation Rate is 4% at Present Popular crypto influencer Ronnie Moas recently took to Twitter to share that Bitcoin’s inflation rate at present was 4%, and it was going to dip below 2% after Bitcoin’s reward halving in May 2020. He also predicted that it was going to reduce to less than 1% in 2024. He compared the inflation rate with that of the fiat currencies of other countries, 70% of which have an inflation rate of greater than 4%. The USD dollar also belongs to this league of countries since…Nov 20, 2019
Bitcoin price started a downside correction from well above the $9,550 area against the US Dollar. BTC broke the key $9,220 support and it is now trading in a short term bearish zone. Bitcoin declined recently below the $9,300 and $9,200 levels against the US Dollar. The price traded close to the $9,050 level and it is currently correcting higher. There is a major bearish trend line forming with resistance near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls need to push the price above $9,220 and $9,320 to lift the price back into a positive zone. Bitcoin Drops Below Key Support Yesterday, we discussed the chances of more downsides in bitcoin below $9,400 against the US Dollar. BTC did decline recently and traded below the key $9,220 support area. Moreover, there was a close below the $9,300 level and the 100 hourly simple moving average. Finally, the price traded close to the $9,050 support area and formed a low at $9,079. It is currently correcting higher and trading above the $9,200 level….Feb 5, 2020
Ethereum has been frontrunning the aggregated crypto markets over the past several days and weeks, with last week’s rise above ETH’s resistance at $200 offering investors a hint that Bitcoin would subsequently be able to break through its key resistance at $10,000. Following Bitcoin’s overnight break below the key five-figure price level, however, Ethereum has shown some signs of weakness, as the cryptocurrency is now nearing a key resistance-turned-support level. How ETH responds to this level will offer critical insights into where the markets are heading next, as a firm defense of this level could signal that a continuance of its recent uptrend is imminent. Ethereum Declines Slightly After Bitcoin Broke Below $10,000 At the time of writing, Ethereum is trading down just over 2% at its current price of $221, which marks a notable decline from its daily highs of just over $230 that were set yesterday. It is important to note that the meteoric rise that sent ETH from lows of $185 to its recent highs occurred mostly over a three-day period, with its uptrend transforming into a…Feb 11, 2020
Africa is a huge potential market for cryptocurrency as the continent looks for alternatives amid financial system woes In a continent where internet penetration is higher than access to bank accounts, the unexplored potential of a peer-to-peer electronic cash system seems immense. This is exactly why cryptocurrency is often viewed as a path to achieve Africa’s aspirations of financial freedom. In fact, fulfilling such pressing needs for a global decentralised financial system was part of Bitcoin creator Satoshi Nakamoto’s vision. However, cryptocurrency adoption in the continent is hindered by the numerous challenges faced in the region. Modibe Matsepane, the Africa Community Coordinator at the continent’s largest P2P Bitcoin trading platform, Paxful, expressed what she believed to be African sentiment towards Bitcoin in an interview with BeInCrypto yesterday: “Bitcoin has been an enabler for Africans to take back control of their money and empower themselves.” Cryptocurrency has certainly piqued interest in Africa. Nigeria, Ghana and South Africa were part of the list of countries with the highest Google searches for Bitcoin globally. South Africa also has the highest levels of crypto…Jun 4, 2020
Bullish sentiment is already flowing back into bitcoin markets. So far in 2020 BTC has made 13% and more is yet to come as a major buy signal flashes green. Bitcoin Reclaims $8,000 From an intraday low of $7,700, BTC has climbed an impressive 7% to top out at $8,250 during Asian trading today. Since then it has pulled back marginally but remains in the bullish territory above the psychological $8k barrier. The geopolitical dust is starting to settle in the Middle East but BTC has held on to its gains so far as bullish momentum starts to build. Longer-term signals such as the 50 day moving average have started to turn positive by turning upwards for the first time since September. On the weekly chart the 50 and 200-week moving averages are still in a strong uptrend so the long term picture is still positive. Popular crypto analyst ‘Financial Survivalism’ has observed another longer-term technical indicator noting that it has switched to a ‘buy’ signal for the first time since March 2019. “Since Aug 2018 the Lucid SAR is…Jan 11, 2020
Coinbase, one of the largest and leading exchanges in the market became the largest Tezos (XTZ) validator. According to a recently released report, Coinbase has overtaken Polychain Labs as the largest Tezos validator. Coinbase has recently announced it allows users to stake Tezos on its platform. Coinbase: The Largest Validator on the Tezos Network As per the report, the top 5 validators on the XTZ network include P2P Validator with 12,561,200 XTZ, Binance with 14,904,414 XTZ Cryptium Labs with 23,150,400 XTZ, Polychain Labs with 30,541,730 XTZ and finally Coinbase with 30,660,081 XTZ. Coinbase has now overtaken Polychain Labs as the largest validator on Tezos. $XTZ pic.twitter.com/ej47HXddaK — tWAN (@dantwany) December 13, 2019 According to Bobby Ong, the co-founder of Coingecko, exchanges are expected to be dominating most of the top validators list. Indeed, these platforms can easily start offering Staking services for users without adding fees on the funds staked by the users. On the matter, he commented: “We will soon see exchanges dominating most top validators list. Staking as a Service companies will struggle. Exchanges will compete to offer…Dec 15, 2019