crowdfunding - Pwim.Net

Bitcoin Book Published for Educating U.S. Congressmen, Secures Excess Funding on Kickstarter

An educational book on Bitcoin (BTC) proposed by a group of 8 individuals has gained more funds than solicited from public investors on the Kickstarter platform.

The book dubbed, “Bitcoin and the American Dream” is slated to help congressmen in the Senate and the House reconsider their conception of what Bitcoin represents from the way mainstream media have painted the premier digital currency. The authors said the book was inspired after the bipartisan infrastructure Bill has been passed.

The fundraising prompt reads:

“We are a diverse group of 8 Bitcoin enthusiasts who are publishing a Bitcoin book for policymakers in Washington DC. We come from all walks of life and are of different races, generations, geographical locations, and political parties,”

“What we have in common is that we all believe that Bitcoin is good for America and that’s the case we want to make in this book. This is an educational book for people in government so they can understand much better what’s going on instead of relying on the media narrative,” authors added.

The team led by Jimmy Song has received as many as 166 backers at the time of writing and has raised exactly $23,276 from a minimum pledge of $25. This raised fund has already surpassed expectations as the team set out to raise just $5,000 in total. The excess funds, according to the team, will now be going into the book’s launch campaign.

The team listed the risks of not being able to get published by its preferred publisher amongst others. Cryptocurrency education has been the hallmark of the digital currency ecosystem in recent times. As reported by Blockchain.News, Binance exchange has a dedicated crypto education in China and these did not underscore the fact that the broader industry is in need of more professional educators to help change wrong narratives about the space.

Philippine Firm Paytaca Raises PHP7.5 Million to Expand Bitcoin Cash Adoption

Paytaca Inc. hit another major milestone on Saturday when the cryptocurrency company announced that it raised over PHP7.5 million pesos ($USD143,568) in an equity-free pre-seed fund through a decentralized crowdfunding platform.

The Philippine-based fintech company said that it raised funds through Flipstarter — a non-custodial crowdfunding platform powered by Bitcoin Cash (BCH).

Crowdfunding has become a popular way of raising small amounts of money from a large number of people (hence the term ‘crowd’) via a decentralized online web-based platform.

According to Paytaca, the Flipstarter crowdfunding platform was created as a way for the Bitcoin Cash community to fund projects through voluntary donations. Currently, the community has donated over $USD3 million to more than a hundred campaigns including the recently successful one launched by Paytaca.

Aaron JP Almadro, Marketing Director at Paytaca, talked about how the company plans to use the funds. He stated: “With this pre-seed funding, Paytaca can now start a more aggressive campaign for user growth and the inevitable introduction and adoption of BCH as a payment option to merchant services thru the app.”

Dr Joemar Taganna, Paytaca President and Chief Executive Officer, also commented about the development and said: “As cryptocurrency is starting to gain traction in the Philippines, the team slowly developed the app into a crypto mobile wallet, adopting Bitcoin Cash (BCH) as its main cryptocurrency for its cheap and fast transactions making it suitable for micropayments.”

Promoting Crypto Adoption

Paytaca is an online payment system based in Tacloban City, Philippines, which uses blockchain technology and Bitcoin Cash for secure online transactions.

The Paytaca non-custodial crypto wallet app wallet aims to bring Bitcoin Cash to everyone, everywhere.

Launched in 2019, Paytaca has been at the forefront in its effort to introduce decentralized peer-to-peer electronic cash to the world by making decentralized finance more accessible to everyone, everywhere.

As a non-custodial crypto wallet app, Paytaca pushes for the widespread use of cryptocurrency for payments and remittances. The firm believes that Bitcoin Cash (BCH) is currently the crypto that is best positioned to become the peer-to-peer electronic cash for the globe.

The firm is designing the wallet to be a ‘super app’ that will also contain aggregated services such as food delivery, cab-hailing, bills payment, and mobile reload.

The wallet supports not only BCH, but also facilitates token exchange and access to decentralized finance (DeFi) services through web 3.0 connectivity, which allows anyone to create fungible and non-fungible tokens for any real-world use case – from digital collectables, and reward systems, to stablecoins, game items, and many more.

Paytaca has been launched in Chrome Web Store and Google Play and has been used by hundreds of users from major crypto adoption hotspots including the US, Nigeria, Argentina, the Philippines, among other nations.

Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts

On February 6, a devastating earthquake struck the southeastern part of Turkey at the border with Syria. As of right now, over 5,000 people have lost their lives as a result of the quake. The earthquake occurred over a stretch of the fault line that was 100 kilometers (62 miles) long and had a magnitude of 7.8 on the Richter scale. This is considered to be a “significant” earthquake on an international scale.

The region’s infrastructure sustained significant damage, which led to a catastrophic humanitarian crisis that crossed international borders and claimed the lives of many people.

Nevertheless, there was an immediate reaction all throughout the globe. People have been collecting donations for local and international humanitarian groups via the internet and different social media platforms in order to give assistance to individuals who are impacted by the disaster in the places that have been affected.

AFAD Turkiye, the government agency for such calamities, and the non-governmental organization Ahbap, which is run by the philanthropist Haluk Levent, have been at the lead of coordinating an inflow of supplies. Both of these organizations are among the major humanitarian operations in Turkey.

Levent made the announcement that his company is now able to receive donations in the form of a variety of digital currencies by launching crypto addresses to do so.

Refik Anadol, an artist and art director from Turkey, also launched a crowdfunding campaign via the use of an Ether (ETH) address. He plans to donate the money that is raised to both AFAD and Ahbap.

Within the Web3 business, a number of different firms have come up to provide assistance, whether it be in the form of cryptocurrency or fiat currency contributions, or even in the form of physical assistance.

Bitget, a cryptocurrency derivatives trader, made the announcement that it would contribute 1 million Turkish liras (approximately $53,000), while Bitfinex, Keet, Synonym, and Tether each pledged 5 million Turkish liras (approximately $265,500), and Gateio pledged 1 million Turkish liras (approximately $53,000).

Local Turkish cryptocurrency exchange Bitci has dispatched a relief truck to the epicenter of the earthquake while simultaneously announcing that the entirety of the commission income generated during the month of February will be donated to Ahbap in the name of the earthquake that was centered in Kahramanmaraş. Icrypex made the announcement that they would be coordinating their efforts with AFAD and Ahbap.

Both the Turkish branch of ByBit and OKX have pledged to contribute to the relief effort by sending one million liras (about $53,000) and one hundred thousand dollars, respectively.

Today, the Turkish people are first in our minds and hearts. Together with the creative community of The Sandbox in Turkey, we are coordinating with the necessary non-governmental groups to establish a relief fund and provide assistance to places that were impacted by the earthquake.

He said that along with The Sandbox Turkey, they had assisted in filling a truck with emergency supplies for the victims and individuals who were impacted, and they were looking at opportunities for further long-term assistance.

Nonfungible tokens, often known as NFTs, have been suggested as another potential method of generating money for those affected by the catastrophe.

The Turkish musician and NFT artist Pak tweeted about a contribution of ETH to Ahbap, along with intentions for an NFT project to provide long-term assistance. In its proposal, Gate.io emphasized the possibility of establishing an NFT assistance program in the near future in order to provide extra help.