News

Coinbase Helps Venezuelan Families With Cryptos in This Christmas

Popular cryptopara units Coinbase, held at Santa Elena in Uairen givecrypto.org ZCash (ZEC) donated $ 10,000 to support the project. According to Coinbase's December 11th, December 11th, the Coinbase thinks that cryptocurrency will help the Venezuelan families with the ease of crossing the border and the ease of payment.

Coinbase's CEO Creates GiveCrypto.org Platform

givecrypto.org non-profit This platform was developed by Brian Armstrong, CEO of Coinbase. This platform Ase 12 Day Program with Coinbase “ people living in poor areas cryptographic tokens Dealing. The recipients of the GiveCrypto program can convert these tokens into the local currency, buy and hold the goods and services they need, and even keep it as a cryptocurrency.

$ 10,000 ZCash donation in Santa Elena More than $ 1 each day for 3 months in the pocket of more than 100 families cryptocurrency will be put.

The recipients of this donation can purchase the food and products they need from the crypto-accepting shops in their region. Although $ 1 doesn't look much to the eye, according to Coinbase, families can buy food or vegetables containing 1 to 2 kg of protein or starch. For now With Bonnum Venezuelan families involved in the program of GiveCrypto.org can become recipients of the ZCash donation program. Coinbase, because most Venezuelan families do not have reliable access to bank accounts, he thinks cryptopship is better than cash donations.

At the same time, even if the Venezuelans have access to the bank system, their currencies, Bolivar, are experiencing high inflation levels and an irregular trend. According to Coinbase, a gift card is of little value to the Venezuelans, while cryptocrosses give them access to the gigantic receiver network of GiveCrypto.org.

GiveCrypto Project Exposes Much Criticism on the Internet

Although Coinbase and Armstrong have good intentions, they get too much negative turn from the public. Many people, including those living in Venezuela, have now expressed their anger on Twitter. Coinbase in Venezuela stratified the media and advertised its cryptography say.

Jose Rafeal Pena, editor of CryptoNoticias, a Spanish cryptopara news firm ”Cannot understand what cryptochars can do to Venezuela“ voices Düşün I see aid campaigns that are trying to give cryptocrosses to individuals, as an advertising strategy for those who think about forgiveness “ he stated his opinion.

Source: BTCManager

Related Topics:bolivar Coinbase inflation kriptokılavuz kriptomanşet cryptocurrency heading Venezuelan

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

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In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph