Search Results for: Disaster

Red Cross to Help Disaster-Riddled Communities in Kenya via Blockchain

A notable challenge when supporting disaster-stricken communities entails overseeing the entire process and ensuring that everything transgresses as planned.  The Red Cross is eyeing blockchain-backed “local currencies” to help revitalize poor communities and establish a thriving economy on the foundation of smooth trades. As a result, the Red Cross societies of Kenya, Norway, Denmark, will … Continue reading Red Cross to Help Disaster-Riddled Communities in Kenya via Blockchain

University of Sussex Researchers Say Blatant Market Manipulation is a Disaster to Traditional Safe Havens

The University of Sussex Business School recently published an analysis indicating that widespread market manipulation is a serious problem that regulators should deal with so that to confront false prices and avoid distorting the minds of investors.   According to the report, the COVID-19 pandemic has created huge volatility in global financial markets. But as … Continue reading University of Sussex Researchers Say Blatant Market Manipulation is a Disaster to Traditional Safe Havens

Libra Association – Visa and MasterCard Have Second Thoughts

Libra has well-known problems. With the US government and other global governments becoming involved in the future of the system. Reporting from the Wall Street Journal, major financial partners including Visa and MasterCard are reconsidering their involvement.  The Libra association has a multi-billion valued network. 28 partners consisting of payment options, marketplaces, telecoms, and non-profit groups.  Visa … Continue reading Libra Association – Visa and MasterCard Have Second Thoughts

Cryptos in Space: The Future of Blockchain in the Final Frontier

“Oh my God…it’s full of stars!” Thus spoke astronaut Dave Bowman, the last surviving crew member of the ill-fated Discovery One spaceship, moments before entering the stargate in the 1968 sci-fi classic 2001: A space odyssey. These eternal words, spoken in the novelized version only, hint at a vast new universe where human beings become … Continue reading Cryptos in Space: The Future of Blockchain in the Final Frontier

Liberland Aid Foundation Launches Cryptocurrency Fundraising Program

The Liberland Aid Foundation (LAF), the humanitarian arm of the Free Republic of Liberland, now accepts donations via cryptocurrencies like Bitcoin. The LAF relies on the core philosophies of freedom, voluntarism, and charity to guide its program. The vision of the foundation is to engender trust between partner nations and assist humanitarian efforts to help … Continue reading Liberland Aid Foundation Launches Cryptocurrency Fundraising Program

British Virgin Islands Aims to Rollout a New USD-Backed Digital Currency

The government of the British Virgin Islands, in partnership with LIFElabs.io, aims to develop a digital currency that will be peeled at the ratio of 1:1 against the United States dollar to be used with the territory. The digital currency is dubbed BVI~LIFE™, and there was a digital economy symposium organized by the British Virgin … Continue reading British Virgin Islands Aims to Rollout a New USD-Backed Digital Currency

Vodafone Follows PayPal and Visa to Leave Facebook's Libra Association

Facebook’s Libra faced another blow as Vodafone announced to have quitted the association. British telecom conglomerate Vodafone is the eighth founding member to leave the Libra Association, which follows the exit of Stripe, Mastercard, Visa, eBay, Booking Holdings, Mercado Pago, and PayPal in 2019. Vodafone’s exit is a different story In June 2019, Facebook announced that it … Continue reading Vodafone Follows PayPal and Visa to Leave Facebook's Libra Association

Seven Key Takeaways You Need to Know About Central Bank Digital Currencies

As of late, there has been a global buzz around Central Bank Digital Currencies (CBDCs). After Facebook’s announcement of its proposed Libra currency, it was learned that China’s Central Bank would be releasing their version, which has been under development behind closed doors since 2014. Other central banks in Europe and North America have also been … Continue reading Seven Key Takeaways You Need to Know About Central Bank Digital Currencies

Forbidden Wealth: 80,000 Bitcoin Abandoned for Nearly a Decade

A Bitcoin wallet address said to be associated with the now-defunct Mt. Gox Exchange holding an estimated 80,000 Bitcoin worth around $800 million, is said to be untouched revealed by a sourceon Feb 17. The asset is shown to have remained untouched since the days after the hack of the once renowned exchange. With the … Continue reading Forbidden Wealth: 80,000 Bitcoin Abandoned for Nearly a Decade

"The Wars to Come," Blockchain – A Game Changer for Auditors

Every industrial revolution was driven by different automation. The “Steam Engine” began the “First Industrial Revolution”, Previous industrial revolutions were driven by “Factory Machines and Fossil Fuels”. Whereas, the on-going automation revolution is based on “Data-Driven Artificial Intelligence” (AI) and “Blockchain Technology”. If “data is the fuel “of the Fourth Industrial Revolution, “blockchain will be the engine” driving it forward. Both of them have a … Continue reading "The Wars to Come," Blockchain – A Game Changer for Auditors

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