Category Archives: charity

Auto Added by WPeMatico

Enter the Lamborghini Raffle for 0.00057 BTC While Helping Charity

Enter the Lamborghini Raffle for 0.00057 BTC While Helping Charity

Dunstan Low is giving people the chance to win a Lamborghini for just EUR 2, around BTC 0.00057, by taking part in his raffle. Not only that, the winner will be able to donate 2% of the funds raised to a local charity of their choice.

Yes, the Lamborghini is a nod to every cryptocurrency investor’s infamous dream. ”It’s a lighthearted way to get started,” Low told Bitcoin News, saying it’s important for him to establish trust with cryptocurrency users before he tackles more difficult issues through his raffles, which he certainly intends to.

”There are a lot of house raffles with more difficult stories and unfortunate circumstances that I want to help in the future, but feel that we need to establish trust in the first instance,” he said.

Why offer a crypto payment option?

Participants can enter the raffle using Bitcoin, Litecoin and Ripple among other cryptocurrency options. After following the digital currency revolution for several years, the idea of taking power away from institutions and giving it back to the people very much appealed to Low.

”I’m actively involved in developing a few business models that build on the raffle concept more like a decentralized method of crowdfunding that focuses on the social role and circular economies. At this point, the raffle model shares ideas with these broader and more ethos based works whilst providing a fun and new opportunity for people,” he explained.

Given this framing, a cryptocurrency raffle is Low’s ideal scenario. While there are plans to add fiat payment support, he would prefer to avoid traditional models and existing banking infrastructure as much as he can.

The website enlists payment gateway Coingate to facilitate transactions, which Low says has proven easy compared with standard payment providers.  He noted ”I would highly recommend the option, it’s just so revolutionary and gives you a fuzzy feeling when a payment arrives and it hasn’t touched a bank.”

Participants can also check the website for details on how to enter the raffle for free by post.

Provably fair, how?

Several questions have been raised over how it can be proven to be a completely fair raffle. The draw of Low’s last raffle (detailed below) was conducted by a Google random number generator on a random journalist phone, with the button pressed by a solicitor while around 30 journalists filmed the moment.

”We are currently looking at how to translate this into a provably fair draw using the blockchain, my developer is looking at the requirements and if we can make this happen. If not, we are happy at this point to use a solicitor or Gambling commission approved vendor, but blockchain is much more exciting and independent, so research is underway.”

Crypto charity

Low’s perspective is that cryptocurrency could be a great way to reduce costs and create transparency in the charity sector, generally benefiting any good causes.

But more than that he believes cryptocurrency can provide much more robust and scalable solutions to solve broader problems in terms of social wellbeing, healthcare, housing, income, and innovation. ”I honestly believe that new economies can and will be built on the utility of cryptocurrencies with social ROI and crowdfunding as a core part of the model for democracy and economic growth,” he said.

The winner gets to choose the charity this time around, but Low has plans to bypass charities in future ventures, donating instead directly to communities that help promote redevelopment and growth.
Look out for more raffles from Low in the future, as he hopes to make them a regular occurrence. He told Bitcoin News: ”Hopefully we can start small and build up to holding regular raffles with a broad range of prizes from small items up to private islands, every Bitcoiner needs one with their Lambo! But seriously, we hope to scale up and reduce our overhead and create a new method to help as many good causes as possible and to eventually build outwards into potentially more interesting and nuanced models.”
As he puts it, raffles are a good way to attract people to donate for good causes that may not be on their radar in a way that direct charity donations can not, even if people are just participating because they want the Lambo.

How it all started

In 2017 bankruptcy fears and the refusal for a new mortgage led Low to raffle off his home at GBP 2 a ticket. Maybe not the first option for most, Low devised the plan while faced with around GBP 4000 in monthly expenses with no income, and to top it off a GBP 250 per month mortgage payment increase when he requested a better deal from the bank.

Low and his wife spent at least two years struggling to sell their house, even at one point listing the sale in Bitcoin to attract more buyers. ”I was lucky enough not to be divorced by my understanding wife” he joked.

When his wife found out about the mortgage increase she insisted they hand back keys to the house. While agreeing with her at the time, Low took the next two days to concoct a plan for the raffle in secret, identifying where previous raffles had faced troubles and how they could be avoided. Noting that raffles have often found themselves foul of gambling commission guidelines which are ambiguous enough to easily create delays, legal threats and cast doubt on the operation, Low realized that by offering free entry as an option to participants he would not be subject to the regulations.

”I decided to run with this idea, thinking how great it would be that anyone could afford to enter and therefore anyone had the chance to win the house,” he explained.

After sending a press release to a local news outlet, he was thrilled to receive a response just one hour later telling him they would come to the house to look around. An article was posted on the same day, and GBP 2,000 worth of entry fees for the raffle were collected. ”I was amazed,” he said.

The following day the Daily Mail picked up the story and things really sped up; ”whilst eating our dinner at the local supermarket my phone started to go insane. I logged into analytics and there were thousands of users on the site and money was rolling in at the rate of around GBP 300 a minute. Over the course of that day, we had over GBP 103,000 worth of entries, it was absolutely unexpected.”

Over the next three weeks or so they collected around GBP 375,000 until trouble reappeared.
”Having used PayPal as a payment provider, obviously against their terms of service, the dreaded risk came true: they noticed the raffle and got very cold feet. Six weeks of negotiations later and I managed to persuade PayPal that this was a genuine cause and we were indeed in arrears and would lose our house. They in their goodwill allowed us to run with strict guidelines and restrictions in place, however, by this point, all momentum had been killed.”
 
Taking a step back, Low created postcards reading ”win a house” and unsuccessfully tried handing them out to the disinterested people of Manchester.
 
Luck fell on them, however, in the form of a young reporter striking up a conversation with Low regarding drug use in the city. Sharing with her his postcard, the following story brought in another GBP 400,000: ”fate really helped us that day.”
Fast forward six months and they hit their target, got featured on the BBC One Show, handed the house off to raffle winner Marie Segar, and donated GBP 3 0,000 to St Johns Hospice in Lancaster and GBP 10,000 to NYAS in Birkenhead, both UK based charities.
”So we beat the bank and kickstarted a small raffle revolution, around 50 raffles around the world followed and I have been asked to raffle around 500 million pounds worth of property from portfolios of houses, private islands, castles, and luxury cars,” Low shared.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Dunstan Low

The post Enter the Lamborghini Raffle for 0.00057 BTC While Helping Charity appeared first on BitcoinNews.com.

Oxfam Launches Blockchain-Based Rice Supply Chain

Advocates for poverty eradication Oxfam announced yesterday that it has launched its rice supply chain management platform BlocRice on the blockchain.

BlocRice, introduced in April, started out as a pilot program aiming to enhance the negotiation powers of organic rice farmers in Cambodia. The project was the first of its kind in the region, allowing farmers to interact with key players along the rice supply chain.

Country director of Oxfam Solinn Lim stated that “the aim is for BlocRice to gain acknowledgment from all relevant actors in the supply chain”.

With six actors identified in the rice value chain – the organic farmer, the agricultural cooperative, the export company, the import company (Europe), retailers, and consumers – Solinn envisages BlocRice as an ecosystem of farmers with a collective bargaining power. She said, “BlocRice will give farmers collective bargaining power since agricultural cooperatives will be parties to the contracts.”

Smart contracts will be the core technology to be leveraged upon here, which will be used to establish transparency and a coherent working protocol among farmers, exporters, and buyers.

Solinn added that all stakeholders would share a digital contract, sharing information on blockchain throughout the process, from planting to manufacture of rice crackers.

As records from 2017 reveal, Cambodian rice farmers are currently the ninth largest exporters of rice, however, applying blockchain technology could possibly improve the welfare of small-scale farmers, as well as scale up export activities of rice and other agricultural produce in Cambodia.

Song Saran, CEO of Amru Rice, an exporter in the value chain, commented on the BlocRice project: “…if it proves successful, however, it may be expanded to include all the communities currently working with Amru Rice and new products, such as organic cassava, pepper and cashew nuts.”

Further, interest from the Cambodians shows positive reception to the idea of contract farming and a desire for “financial literacy”.

 

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Oxfam Launches Blockchain-Based Rice Supply Chain appeared first on BitcoinNews.com.

Exclusive: CryptoCare, a New Blockchain Platform for Charity

Listen to the interview with the Co-Founders of CryptoCare on the 30 October 2018 BitcoinNews.com Daily Podcast below.

BitcoinNews.com spoke exclusively to Phillip Birtcher and JP Hennessy, the co-founders of CryptoCare, which is a blockchain platform designed to raise funds for charity. Soft launching two weeks ago, CryptoCare runs on the Ethereum network and generates ERC-721 non-fungible tokens called CryptoCare Pals for each person that makes a donation.

Birtcher says, “About a year ago I delved into the Ethereum rabbit hole, and we decided we wanted to make something for good, and in the last six months we started developing CryptoCare.”

Hennessy says “CryptoCare is a platform where we try to gamify philanthropy using crypto collectibles. Basically, we are trying to create a more easy and enjoyable experience to encourage the crypto community, specifically the Ethereum community, to support different meaningful causes.”

CryptoCare has partnered with nine charitable organizations including the Electronics Frontier Foundation, Freedom of the Press Foundation, Heifer International, GiveDirectly, Fight for the Future, 350.org, Rainforest Foundation US, WildMe, and GRACEaid. These charities fall under the categories of digital rights, humanitarian, and environmental protection. So far CryptoCare has raised USD 600, with 55% of that being donated to digital rights charities.

There is a leaderboard which shows who is the #1 donor, and that spot is held by someone who donated USD 101 as of 30 October 2018. Further, users who donate receive a CryptoCare Pal that is attached to a non-fungible token, similar to CryptoKitties. Users have full ownership of the CryptoCare Pals, but at this time there is no built-in exchange for trading the digital collectibles. The developers are considering creating a market for CryptoCare Pals in the future, and making the 1st wave of collectibles limited edition so they become more valuable over time.

95% of the donations instantly arrive at the charitable organization a user chooses, while 5% is kept by the platform. Hennessy says “We have done this as a labor of love, so we have been paying out of pocket for the maintenance costs. In order to make this a sustainable platform, we have included a 5% transaction fee”.

Users can name their CryptoCare Pals, and the more money they donate, the more evolved their collectible becomes. For example, when giving to digital rights organizations, the CryptoCare Pal evolves from a calculator into the internet and when giving to environmental protection, it evolves from a seed to a tree. The point is to make charitable giving fun, rather than the typical unexciting way that people give to charity online.

In the future, CryptoCare is considering adding a recurring donations feature, so people can keep donating and evolve their collectible, and compete on the leaderboard. This could be useful for miners who direct their mining revenue at a CryptoCare donation address, and could also be used for donation subscriptions. Also, more charities will be added to the site, possibly including a turtle conservancy.

CryptoCare appears a suitable charity organization for mining pools, exchanges and crypto companies to partner with since all donations are tracked on the blockchain. In general, large companies give a small fraction of their profits to charity, and it would be quite interesting if major exchanges and mining pools were competing on the CryptoCare leaderboard.

 

Donate to CryptoCare https://cryptocare.tech/adopt/

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: CryptoCare.tech

The post Exclusive: CryptoCare, a New Blockchain Platform for Charity appeared first on BitcoinNews.com.

Exclusive Interview With Waqar Zaka: Celebrity TV Host Turned Bitcoin Philanthropist Praises ”Revolutionary” Technology

In a Bitcoin News exclusive, Pakistani reality TV host Waqar Zaka explains how he turned his journey from national celebrity into one of Bitcoin philanthropy.

Zaka’s spot as presenter and head of content on his show gave him a huge following of fans in Pakistan. He likened his platform to Fear Factor on MTV in the US, getting famous for doing self-titled ”crazy things” like putting his head in a crocodile’s mouth and kissing a cobra.

In 2014 a start-up called bitLanders approached him to promote the project in Pakistan, offering to pay him in Bitcoin. ”Before that, I had no idea what it was,” he told Bitcoin News. He quickly came to learn that cryptocurrency could have numerous significant implications on society, thinking ”this is something that could be really amazing.”

Conquering crypto in Pakistan

His mind turned to how the concept could be applied to help disadvantaged people in regions such as Myanmar, Bangladesh, and Syria, which are facing enormous issues when it comes to transferring money. Zaka took it upon himself to use his platform to educate the people of Pakistan and those around the world of how the technologies can be utilized in the aid of others.

It was not always an easy task, and he faced accusations of selling a Ponzi scheme or pursuing a financially self-interested cause.

But, a lot of people had confidence in him because of his national celebrity status in Pakistan, approaching him for advice on where to invest. This had problems of its own, as there were at the time a lot of crypto-related Ponzi schemes and multi-level marketing scams in the country and he needed a better way of helping people educate themselves.

Zaka started a campaign in the country to teach people about cryptocurrency and blockchain, which caught the eye of the likes of Consensus and CoinTelegraph. They labeled him a ”crypto influencer,” but not even he likes that title much.

In Pakistan, money laundering and corruption are pervasive issues, and Zaka started to use his newfound crypto fame to pressure the government into implementing blockchain banking services aimed at clamping down on this. Anybody sending money from the country would have to be reported with the hopes this would prevent money laundering.

”I believe this technology can actually change the future of Pakistan,” he said.

Blockchain refugee work

In 2015 Zaka went to Myanmar. This was the first time any Muslim was able to get into the region. He said he got in through simply using ”jolly good tourist attitude.” Once there, he took 55 families who had no house or passport or ID and moved them to settle in Nepal.

The next step was to educate them about Bitcoin and how they could receive money to ensure their financial security and self-sufficiency.

He also visited Syria and helped move families to the neighboring and far safer nation of Turkey. People were happy to support and trust his charity because blockchain donations meant people could see exactly where their donations were going.

However, Zaka says the work he is doing with the refugees is not enough, largely because the Bitcoin market fluctuations means that refugees are losing confidence in the cryptocurrency as a store of value.

It has also proven very difficult to share a lot of his crypto knowledge: ”For people who have not had much education at all, how do you teach them about wallets’ private keys? It is very hard and in very early stages. But, they need basic blockchain knowledge so they can earn through their mobile.”

Waqar Zaca pictured with Rohingya child refugees

Zaka says that his Bitcoin philanthropic efforts are nearly unique, and he hardly sees anyone else using blockchain for good:

”I’m not saying I’m the only one, but as far as I have seen in my research, it is not often used for very good causes. Whether more people will get involved or not, it depends on social media influencers. If people with platforms start showing how it can be used for good, like with refugees, only then will we see the benefit.”

He jokingly suggests that if Oprah said something about blockchain’s charitable use cases people might listen. ”Only celebrities can make a difference otherwise it will take a lot of time,” he reasons.

 

Waqar Zaka pictured with Fouzia and one of her five children. Fouzia lost her husband in the Syrian war. 

The TenUp project

In 2017, many people were asking him to invest in different coins. With an engineering background himself, he wanted to support local Pakistani engineers. ”They are all amazing and economical,” he said, ”meaning they work great as freelancers. But people weren’t hiring them as CTO’s or blockchain developers.”

So he came up with the idea of TenUp, ”like the double high five” he explains. Zaka has a huge, trusting following which may prove crucial for the token: ”A successful coin is always built around communities.”

TenUp’s technology is basic, ”no rocket science,” a simple payment transfer method, with the hopes to grow in the long run. Despite offering no technological breakthroughs, the token has huge goals in terms of philanthropy.

Its main aim is to provide free technical assistance to projects in countries such as Bangladesh, Nepal and Sri Lanka.

The TenUp team headed by Zaka wants to create blockchain applications that can help people, especially working with refugee projects. One project in the works right now is managing blood donations, recording how long people are waiting and who should be receiving blood next.

The coin is not the central focus, ”It’s like a share,” as Zaka describes it. The focus is on becoming the token used in the international charity sector.

”Some people looking to invest in TenUp ask, what will I get? I can’t promise you anything,” the project is not a get rich quick scheme, but based on the solid foundation of philanthropic work.

For Zaka, it is imperative that TenUp can become a stable coin, with a stable rate on CoinMarketCap. Then, Zaka wants to use it as an example to show his friend, Pakistan’s Prime Minister, with the hopes of pushing him towards issuing a state-backed crypto.

”To become a success story, you need to become successful first,” he says in acknowledgment that there is still a long way to go.

Waqar Zaka pictured with his team from TenUp

TenUp also wants to give free services to all of Pakistan in order to help the local tech industry. Zakar explains that it will be legal to buy the token in Pakistan because investors will need to use authorized bank transactions for purchases rather than use Bitcoin or Ethereum. That means official affidavit can be issued for ownership to be authorized. This is the first time a cryptocurrency is being sold like this in Pakistan that Zaka is aware of.

The initial coin offering (ICO) is scheduled at the end of November, while the token will be listed in December on TradeSatoshi.

Could a crypto call center be the answer?

One of the perks of TenUp is that it will have its own four language call center with trained staff to directly respond to any issue.

”If something goes wrong with your credit card you can go yell at someone. If I lose my private key where can I go? Human trust should be there. If a human is not there, crypto will not boom,”  Zakar shared with Bitcoin News.

Those answering the phones will be trained to offer advice not limited to TenUp: ”If you have a problem with any crypto, and you are a stakeholder in TenUp you can call through the app and they will try and help. A responsible person should be there to educate you not just about TenUp, but about the entire crypto world.”

Because of this requirement of human contact, Zakar believes that centralized exchanges will ”obviously” succeed over their decentralized counterpart.

”This entire concept of decentralization will not work for humans. People want to call and see who is on the other side. Centralization like Coinbase is very, very important.”

To learn more about TenUp you can visit the website, or follow Wakar Zaka on social media to keep up with his philanthropic efforts.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Images Courtesy: Waqar Zaka

The post Exclusive Interview With Waqar Zaka: Celebrity TV Host Turned Bitcoin Philanthropist Praises ”Revolutionary” Technology appeared first on BitcoinNews.com.

Closing Charities’ Accountability Gap Through Blockchain Technology

Humanitarian Blockchain

a BitcoinNews.com series

   Part 3: Closing Charities’ Accountability Gap Through Blockchain Technology

          Welcome to the third installment of the Bitcoin News Humanitarian Blockchain Series. Charity begins at home, but the growing question being asked over the past few years is, where does it actually go?  We try to highlight some of the current solutions being presented by blockchain technology to this essential industry

The track record of the charity industry has been, regrettably, far from exemplary, and in some instances, at worst, disgraceful. Well-publicized scandals over the past few years have seen a decline in the public donations to charitable organizations, with some of those intuitions being brought into disrepute by misappropriation of public funds or inappropriate behavior of field staff.

Even now, a US investigation is looking into fraudulent identity activity in Myanmar where refugees fingerprints from amongst the Chin minority are causing confusion as fraudsters purchase refugees’ identities for their own ends. Also, in Bangladesh many Rohingya refugees in safe-harbor there have been registered multiple times and records of family groups have been almost non-existent,

Using Blockchain to clean up the industry is possibly the only way that many charitable institutions can survive, and regain public trust by demonstrating a greater level of transparency and accountability.

The main barriers to success in the humanitarian field have been lowering the impact of administration, transportation and documentation cost on donated funds, and making every aspect of donations totally transparent from source to final delivery of the benefit to the recipient.

Charities have been slow to take up the obvious benefits that can be offered to the industry. In fact, it is no exaggeration to suggest that there could be no more obvious and beneficial use case for DLT than its solution to the accountability problems that charities are currently suffering.

Luckily some organizations are on board, but far too few. The World Food Programme (WFP) has been quick to realise the potential of blockchain solutions. As Bitcoin News reported in the first of its humanitarian series, the uses in Jordan’s refugee camps has been essential, in not only feeding and providing work for Syrian refugees but also creating a renewed feeling of self-worth, particularly against female escapees from the war in Syria.

Former UN Secretary General Ban Ki-Moon, as far back as 2011, was trying to deal with how to get donated funds from a source. At the time, a massive $40 billion was failing to reach its intended recipients, the money was diverted to corrupt officials and middlemen. Seven years on, the blockchain is now being used by the WFP to tackle this problem. Gustav Stromfelt, one of the project managers working on the WFP’s program commented:

“We have this rapid ability to understand where our money is throughout the process…It improves transparency, accountability, and communication across the board.”

This UN-supported programme in Jordan uses dollars at this stage, not cryptocurrency, but through DLT every cent is accounted for right up to the purchase and delivery of physical goods.

Charities accepting cryptocurrencies, and there have been many, were badly hit by the drop in the value of Bitcoin at the end of 2017 and much of the funds were seriously diminished before funds could be dispersed. Silicon Valley Community Foundation revealed in its 2017 audit 45% of its investment assets were unable to be turned into cash in 2018 due to government restrictions.

Many of these problems are now being overcome through online mining schemes which benefit charities and straight crypto donations fund by such organisations as Children in Need and others.

Binance, the world’s largest cryptocurrency exchange by 24-hour trading volume, has recently tried to address some of these issues with the announcement of a Blockchain Charity Foundation which aims to plug the transparency gap for multiple organisations with its planned donation tracking system: Binance CEO Changpeng Zhao explains:

“Lack of transparency has been a problem for charities today. Some estimate up to 80% of donations does not reach the intended beneficiaries. With the ability to track every single transaction, blockchain technology seems tailor-made to solve this problem.”

Although the Blockchain Charity Foundation is still at concept stage, Binance suggest that the system will allow donors to give to one or as many chosen charities as they want whilst retaining anonymity if they wish: The company commented:

“Each BCF program will have its unique receiving address(es). BCF may choose to donate directly to the ultimate beneficiaries or work with other charity partners who then distributes the funds to the ultimate beneficiaries. Either way, the funds will be tracked in a transparent manner.”

Solutions to past problems are slowly being presented through new technology, but clearly, more urgency is required to reshape the face of the charity industry and restore public face so that charity can transit from home to its needy target and arrive at its destination intact, as was intended from the source.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Closing Charities’ Accountability Gap Through Blockchain Technology appeared first on BitcoinNews.com.

Blockchain Startup Wins Partnership Deal at British Masters Tournament

In a move benefiting levels of awareness for the entire industry, one blockchain startup has managed to secure itself as an official sponsor of the British Masters Tournament, the largest professional golf tournament in the UK.

LIFElabs joins the ranks of TaylorMade, Adidas, and Ladbrokes as a partner of the Sky Sports British Masters tournament, also making a name for itself as the first cryptocurrency firm to make such a deal with a major golf tournament.

The startup describes its ambitions as to ”demystify the world of cryptocurrency”, assisting people in utilizing the sometimes inaccessible world of blockchain technology. It also has a philanthropic edge, donating one-third of the value of each its native tokens to humanitarian endeavors.

While benefiting from the massive exposure the partnership will bring them, LIFElabs hope they can promote the use of this token and consequently the charities that it supports.

The company has also constructed a competition for competitors in the golf tournament, with the first player achieving a 222-yard hole in one receiving GBP 12,000, matched with a donation to Cancer Research UK Kids & Teens and The European Tour Foundation.

”Both LIFElabs and the British Masters are looking to make a real difference to people’s lives, both here in the UK and across the rest of the world,” Luke Chittock, the chief executive of LIFElabs shared in a press release.

The British Masters tournament begins next week and will air on Sky Sports.

Crypto meets sports

The partnership further signals the popularity of cryptocurrency in the realm of professional sport.

In particular, it has become an increasingly popular choice for football teams to launch their own tokens. Notably, Brazilian team Avaí Futebol and top French club Paris Saint-Germain both announced their own crypto token sales last month.

Sportsbook Sportsbet.io have tapped into the increasingly popular overlap between cryptocurrency and sports, offering customers the chance to place bets on sporting events using Bitcoin.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Blockchain Startup Wins Partnership Deal at British Masters Tournament appeared first on BitcoinNews.com.

Binance to Share, Donate Crypto Listing Fees

Major cryptocurrency exchange Binance announced on Monday that it will now provide full transparency regarding cryptocurrency listings fees, while also donating these funds to charity. The changes are effective immediately.

Currently, token projects that wish to be listed on the exchange platform propose their own fees for this. In an official company blog post detailing the policy changes, the process for the project team is said to not change, but rather than being dubbed a listing fee it will now be regarded as a charitable donation.

Binance says it will not impose a figure for the token projects to pay, nor a minimum donation.

The exchange’s charity division, the Blockchain Charity Foundation, was launched in July this year with an aim of promoting blockchain solutions for humanitarian projects. Helen Hai chairs the foundation, in addition to her position as a goodwill ambassador for the United Nations Industrial Development Organization.

A large donation does not guarantee or in any way influence the outcome of our listing review process,” Binance’s CEO Changpeng Zhao writes in the post, who has remained throughout Binance’s history adamant that the company will not be influenced by large amounts of capital to list subpar tokens.

The platform has indeed come under scrutiny this year over these particular fees, which until today have remained nearly always undisclosed by both parties.

Just got a new @binance listing quote. 400 BTC

— Christopher Franko 🧐 (@FrankoCurrency) August 8, 2018

When the CEO of a cryptocurrency project Tweeted in August that Binance had supposedly quoted him BTC 400 in order to have his company’s token listed, Zhao denied that Binance would ever quote fees to a potential client in an email. “We don’t list shitcoins even if they pay 400 or 4,000 BTC… Question is not ‘how much does Binance charge to list?’ but ‘is my coin good enough?’” he stated.

Binance is currently the world’s largest cryptocurrency exchange by trading volume.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Binance to Share, Donate Crypto Listing Fees appeared first on BitcoinNews.com.

Malta Charity Partners with Blockchain Charity Foundation for Improved Accountability

The President’s Trust, a state-backed charity organization in Malta, has signed an agreement to partner with the Blockchain Charity Foundation (BCF), a move which has received praise from Maltese president Marie-Louise Coleiro Preca.

Charity on the blockchain

As reported by local media outlet The Malta Independent on 25 September, Preca was speaking at a United Nations General Assembly (UNGA) event organized by the BCF, Women Political Leaders Global Forum and Finance Center for South-South Cooperation.

At the event named “Blockchain for Social Good: Utilizing Blockchain to Aid Economic Development”, she spoke fondly of the partnership that improves transparency, accountability and reduces transaction costs for philanthropic endeavors, features of blockchain technologies that have chimed positively within the charity sector.

The President’s Trust is an organization that Preca founded and is a board member of. As written on the official website, the charity was set up to provide support for “vulnerable young people experiencing inequalities”.

Binance and Malta

The BCF is a non-profit organization initiated by cryptocurrency exchange Binance, a company that in March 2018 announced its relocation to blockchain-friendly Malta, a move that drew a great deal of attention from the global community.

Preca, who is also a chairperson of the BCF’s Senior Advisory Board, said, “In my role as chairperson of the Senior Advisory Board, of the Blockchain Charity Foundation, I believe that we will have the ability to utilize such innovations to improve the socio-economic conditions experienced by too many individuals and families who are living in precarity or vulnerability.”

President Preca praised other ongoing efforts by the BCF to utilize blockchain technologies in order to meet the goals of the United Nations 2030 Agenda and Sustainable Development Goals (SDGs). She believes that blockchain can be transformative for the creation and regulation of charitable organizations in the future.

Humanitarian

Reflecting on the growing potential of blockchain technology for businesses and other organizations, the president drew comparisons between the tech and trust saying that they were “at the core of our socio-economic interactions, thereby boosting transparency and emphasizing the importance of an economy and a society which is built upon trust”.

Preca is confident that such transformations will provide a positive impact for most people, saying, “This is what real justice and effective social solidarity is all about.”

The president described the “ongoing” national development of blockchain legislation, the efforts of the Malta Digital Innovation Authority Act, as well as “the Virtual Financial Assets Act, and the Technology Arrangements and Services Act”, which are all proving to be transformative forces on the island, encouraging those present at the side-event to explore Malta as a leader in blockchain regulation and what it this offers to businesses.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Malta Charity Partners with Blockchain Charity Foundation for Improved Accountability appeared first on BitcoinNews.com.

Namibian Crypto Fundraiser to Save African Wild Dog

A traveler to Namibia has decided to raise funds in cryptocurrency in order to save African wildlife.

When she was in Namibia, Nadja Leroux first accounted cryptocurrency when she was sent a small amount of Bitcoin Cash, enabling her to make transactions even while in the African bush. On returning home, she has now decided to put her new-found knowledge to good use by raising funds towards saving 4,500 African wild dogs.

The African wild dog, also known as African hunting dog, African painted dog, painted hunting dog, or painted wolf, is a canine native to sub-Saharan Africa. It was classified as an endangered species in 2016 and the global population is now down to around 6,000 adults in total.

Leroux now intends to buy an iPad for analysis and record keeping while she attempts to raise the funds needed for her donation of USD 1,600 for the equipment needed, which is likely to be used for tracking the animals and ensuring their safety. She has spent 121 days in the field setting up her project, and so far she has raised USD 33 in cryptocurrency.

Still in Africa, Zimbabwe’s new government is examining cryptocurrency after commenting that it appears that governments who are crypto positive, like Switzerland, are in good shape. The country’s new finance minister, Mthuli Ncube, believes that cryptocurrencies may have a role in bringing the failing economy back on track.

In Uganda, RightMesh AD has listed its token on the country’s Golix exchange with the aim to bring online more Ugandans also Africans throughout the continent. The company has been giving crypto handouts as an incentive to participate in the project which aims to increase connectivity.

A new report by the International Telecommunications Union (ITU) has outlined that Africa will need to invest more in internet connectivity in order to maintain the continent’s current pace of cryptocurrency adoption.

The popularity of Bitcoin in Africa continues to grow as a result of the presence of cryptocurrency exchange platforms. There are benefits to cryptocurrency ownership that are unique to the African continent, many devolving from the widespread unstable economic conditions.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Namibian Crypto Fundraiser to Save African Wild Dog appeared first on BitcoinNews.com.

China Tracks Charity Donations with Blockchain

The Ministry of Civil Affairs (MCA) in China has commented that the government is planning to implement blockchain technology in order to track charitable donations.

The Chinese plan is very much in line with many governments and NGOs around the globe, many of whom are already utilizing the technology in the sector.

While technological innovations have been boosting capital in practically every other industry, the charity sector has fallen behind. Millennials especially just don’t seem to have confidence in an industry that has had scathing media coverage of improper practice, damaging commercial partnerships and a lack of transparency when it comes down to seeing how donations are distributed.

MCA has just released its four-year blockchain plan for charities, principally to enhance supply chain transparency in the sector, promising to integrate blockchain into charitable institutions systems by the end of the year. The ministry appears to be moving very quickly on this, suggesting that online charities will be connected to government charity databases in the oncoming months, promising to build:

“… a tamper-proof charity organization information query system and enhance the authority, transparency and public trust of information publishing and search services.”

A report conducted by independent think tank Charity Futures concluded that charities have yet to engage with blockchain with the kind of urgency required to keep up with technological advances. The study, ‘Nothing to Lose (But Your Chains)‘, was clear in pointing out that the charity sector had as yet failed to tap significantly into available blockchain technologies.

The report recommends the use of DLT by creating a transparent, end-to-end supply chain for each project. This means that all those involved – government departments, NGOs, funders, charities, local offices, delivery partners, and the individuals receiving the benefit have access up to the moment information regarding the funds or supplies donated.

Some charities and NGOs are getting it right, however. Along with IBM, both the UN and the World Food Programme (WFP) are now proactively using blockchain to record transactions.

The Chinese government has announced that it also intends to integrate blockchain into a range of social services programs.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post China Tracks Charity Donations with Blockchain appeared first on BitcoinNews.com.