Cryptocurrency

  • UNICEF Launches Cryptocurrency Fund to Back Open Source Technology

    UNICEF, the United Nations Children’s Fund, has launched a crypto fund to receive, hold and distribute donations of bitcoin and ether in its aim to back open source technology for children around the world. UNICEF said in an announcement on Wednesday that in a first for United Nations organizations, the Cryptocurrency Fund will receive contributions in cryptocurrency and grant out in the same digital currency form. The organization added the first contributions to the UNICEF Cryptocurrency Fund come from the Ethereum Foundation and “will benefit three grantees of the UNICEF Innovation Fund.” It said the three grantees that will receive the initial donations are Prescrypto, Atix Labs and Utopixar, focusing on the areas of “prescription tracking, matching investors and those needing funding, and community tokens and engagement.” Aya Miyaguchi, executive director of the Ethereum Foundation, said in a keynote speech at the DevCon event that 100 ether, worth about $18,000 at its current price, has been sent to the UNICEF via the new partnership. “This is a new and exciting venture for UNICEF,” said UNICEF Executive Director Henrietta Fore. “If digital economies…

    Oct 9, 2019
  • Arab Bank launches much-awaited cryptocurrency services in Arab world

    Arab Bank (Switzerland) has revealed its plans to launch suite of diverse cryptocurrency services in Arab world featuring Bitcoin brokerage and custody. Middle East is warming up to the crypto revolution and this is major news in the current scenario. Canton-of-Zug (Switzerland) based bank announced that it has responded to the growing call from local customers to tap into the Arabian crypto market. Younger clients are looking to invest in cryptocurrencies and digital assets in their bid to diversify their portfolio. Its clients are renowned high net worth individuals from prominent industrial families, entrepreneurs, and regional leaders. The Middle East represents a rather untapped region when it comes to cryptocurrency investments. Huge market for cryptocurrency services in Arab world Arab Bank’s chief executive officer, Serge Robin adds that the bank firmly believes that cryptocurrencies will significantly disrupt the conventional finance industry. Blockchain has the potential to provide a potent alternative to the traditional money market. The bank has clear intentions to provide digital assets to its clients in the region helping them create a secure portfolio in a regulated environment….

    Sep 20, 2019
  • North Korea in Early Stages of Building Own Cryptocurrency

    North Korea is reportedly in the early stages of developing a cryptocurrency similar to Bitcoin (BTC). Pyongyang trying to evade sanctions According to a Vice News report on Sept. 18, the project is designed to help the Democratic People’s Republic of Korea (DPRK) evade international sanctions and find a way around “the U.S.-dominated global financial system”. Alejandro Cao de Benos, the official in charge of North Korea’s crypto conferences, said its yet-to-be-named digital currency will be “more like Bitcoin or other cryptocurrencies.” Cao de Benos, who is also a special delegate for the Committee for Cultural Relations for the DPRK, added: “We are still in the very early stages in the creation of the token. Now we are in the phase of studying the goods that will give value to it […] No plans to digitize the [North Korean] won for now.” According to Vice, the North Korean Embassy to the United Nations in New York was not willing to confirm or deny his claim. “I am not in a position to give you an answer,” an embassy spokesperson apparently said. North Korea accuses the United…

    Sep 19, 2019
  • Bitcoin & Crypto Market Cap Tumble: LTC, BNB, BCH, TRX Analysis

    The total crypto market cap extended its decline below the $245.0B support area. Bitcoin price dived more than 5% and broke the key $9,800 support area. Binance coin (BNB) price is down around 12% and it traded close to the $22.00 support area. Litecoin (LTC) price is also down around 10% and it broke the $70.00 and $68.00 supports. BCH price declined below the $300 support and tested the $285 support area. Tron (TRX) price is down nearly 12% and traded close to the $0.0150 level. The crypto market cap and bitcoin (BTC) are extending their decline. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are trading with a strong bearish bias. Bitcoin Cash Price Analysis BCH price failed to stay above the main $305 and $300 support levels against the US Dollar. The BCH/USD pair started a fresh decline and broke the $300 support. The price gained bearish momentum and tested the $280 support area. The current price action is bearish, suggesting more losses below the $275 support. On the upside, an immediate resistance is near the…

    Aug 29, 2019
  • Coinbase Study Says 56% of Top 50 Universities Have Crypto Classes

    Academic interest in crypto and blockchain is increasing across the board, according to a study from Coinbase published Wednesday. The crypto exchange looked at the world’s top 50 universities (according to the U.S. News & World Report ranking) and found that 56 percent have blockchain or crypto classes available. Last year, Coinbase found 42 percent to offer such classes. Working with survey site Qriously, Coinbase also surveyed 735 students ages 16 and older, finding a 6 percent uptick in student interest in crypto or blockchain coursework. As part of last year’s Coinbase study, 28 percent of respondents said they would be interested in such a class. Moreover, compared to last year, twice as many university students, or 18 percent, partook in a crypto or blockchain class. Of special note, said Coinbase, is the percent of crypto or blockchain classes not falling under the traditional computer-science label. Coinbase said 70 percent of these classes pertained to other departments – particularly finance, economics, law or engineering. Crypto classes by department. (Image via Coinbase) Student clubs are also a major driver of academic interest….

    Aug 29, 2019
  • Ukraine: Crypto Miners Arrested for Compromising Nuclear Plant Security

    The Security Service of Ukraine (SBU) has arrested power plant operators for mining cryptocurrency in the Yuzhnoukrainsk nuclear power plant facility.

    Aug 22, 2019
  • ‘Amazon of Japan’ Rakuten Launches Crypto Exchange Service

    Rakuten, the “Amazon of Japan,” announced the launch of its new crypto exchange platform.

    Aug 21, 2019
  • What Is the Future of Cryptocurrency and Blockchain Technology in the NBA?

    With the league announcing a partnership to launch blockchain souvenirs for fans, it begs the question: What is the future of cryptocurrency and blockchain technology in the NBA?

    Aug 21, 2019
  • Austrian Telecommunications Giant to Accept Cryptocurrency

    One of the largest mobile providers in Austria is planning to accept cryptocurrency for payment at certain store locations.

    Aug 21, 2019
  • Cryptocurrency Adoption Takes a Hit in Europe, Suggests Report

    A recent report released by ING reveals that Europe is witnessing a considerable collapse in cryptocurrency adoption.

    Aug 20, 2019
  • Report: Israeli Bitcoiners Petition Banks to Disclose Crypto Policies

    The petition purportedly seeks to require local banks to disclose their policies on money originating from digital currencies.

    Aug 20, 2019
  • BitPay Says Crypto Spending on Real Estate to Double in 2019

    A luxury condominium complex in Orlando, Florida, is the latest firm to partner with BitPay to provide bitcoin payment processing for real estate transactions.

    Aug 20, 2019
  • Report: 97% of S. Korean Crypto Exchanges ‘in Danger of Bankruptcy’

    A new report from Business Korea has claimed that the vast majority of domestic cryptocurrency exchanges are on the edge of bankruptcy.

    Aug 19, 2019
  • Fidelity’s Charity Arm Has Received Over $100 Million in Crypto Donations

    Fidelity’s charity arm, Fidelity Charitable, said late last month that it has received more than $100 million in cryptocurrency donations since 2015.

    Aug 19, 2019
  • US Lawmakers to Visit Switzerland to Discuss Crypto, Facebook’s Libra

    A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s not-yet-released stablecoin Libra being in the focus.

    Aug 19, 2019
  • Australian Tax Office: All-Crypto Retirement Accounts Will Be Fined

    The Australian Tax Office (ATO) has sent out warning letters to investors who have placed the majority of their retirement savings in cryptocurrencies.

    Aug 19, 2019

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