Category Archives: Cryptocurrency

Babel Finance is actively working towards making available traditional financial market instruments, players and systems available to the cryptocurrency market

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September22, 20205 min read

Opinions expressed by Entrepreneur contributors are their own.

A prominent attribute we've come to associate with Bitcoin ecosystem and market capitalization is that it's a highly volatile asset class. It's typical to see this type of sharp movements in times when news, rumors or technical glitches may cause incredible up and down movements of the price. It's also one of the key reasons that have kept most traditional financial players out of the market, fearing the uncertainties with pricing may affect their capital.

It's also one of the many reasons why we have witnessed slow adoption of blockchain technology, because big traditional financial institutions wouldn't partner with blockchain-based companies aiming at providing real value in the finance sector for fear of getting burnt. Very few companies have been open to providing financial aids, assistance and backup for these companies.

The days of high volatility and uncertainties surrounding the valuation and price of Bitcoin have started to slow down as a new breed of ex-Wall Street and financial experts from top financial firms are slowly entering the market bringing with them some wealth of knowledge and experiences that would be useful for blockchain and cryptocurrency integration into the global traditional finance industry and practices. Despite the ups and downs Bitcoin have continuously been driven into the hands of big financial institutions that have started creating products, best tailored for the traditional financial market.

It is the brain behind the current somewhat stability in price we are experiencing as Bitcoin moves between $12,000 and $9,000 in the last couple of days.

One of such company that has provided financial assistance for blockchain/cryptocurrency themed companies in the days where there was little to no provision for these companies emanating from the West is Babel Finance. Notable companies such as Genesis Capital, Bitgo, Blockchain.com, Bitcoin.com, etc., are some of the big names you're quite familiar with today that have been serviced and backed by the Babel Finance group.

Founded by CEO Flex Yang,Babel Finance is one force that has been actively involved in Blockchain and cryptocurrency developments and maturity as we have it today and previously worked at PwC (Hong Kong). Babel Finance is also co-founded by Del Wang, who previously hails from the bank, ICBC. The duo of Yang and Wang have been behind loans in forms of Bitcoin, handed out to China Bitcoin mining firms to hedge these operators against fluctuation and sharp losses associated with Bitcoin price fluctuation as far as 2018. Also serving an industry that has no backing from established traditional financial institutions at the time proving once more that the duo through their financial firm are instrumental to the growth of the blockchain and Bitcoin ecosystem.

As earlier mentioned Babel Finance is one company responsible for the growth of top crypto firms today, many of whom are from the US, also acting as the digital asset custodian of CoinBase custody, it have been the bridge between the East (China) and the West (US) dominating the loan sector, having given out loan to the tune of over $380 million, outstanding as of March 2020, accelerating the growth of companies, providing liquidity for many DeFi based companies, is also responsible for the surge of the DeFi market as we have it today. In fact, 70 per cent of loans given out by Babel Finance may have been used for DeFi apps or Grayscale projects.

Babel Finance is set to launch a suite of asset management products which includes Babel BTC Bullish Shark Fin, Babel BTC Bearish Shark Fin, Babel ETH Bullish Shark Fin, Babel BTC Bargain Hunting and Babel BTC Target Profit. These products will enable the company to transition into option trading, opening it up for retail traders. This move has cemented Babel Finance established dominance in crypto financial services making it the biggest out of Asia and the world leading options market by trade volume according to Bitcoin futures and option trading exchange Deribit.

In its quest to establish more dominance in both the traditional and blockchain finance market Babel Finance have launched a robust set of financial services that could be found in the traditional finance institutions, by launching Babel Private a novel service first of its kind, led by Babel Finance managing director-asset management, Tong Lei. The service will offer private banking services rivalling any known established traditional competition exclusive to high net worth cryptocurrency investors looking at hedging their risk against Bitcoin volatility and so far over 6,000 BTC ($60m) have been turned over to Babel Private for hedge services attesting to the popularity of the product amongst investors.

Bridging the existing gap between the traditional and cryptocurrency financial market, Babel Finance is actively working towards making available traditional financial market instruments, players and systems available to the cryptocurrency market, reducing volatility and increasing adoptions of the blockchain technology.

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This Cryptocurrency Company is Reducing Volatility and Increasing Adoption Of Blockchain - Entrepreneur

This press release was orginally distributed by SBWire

Riga City, Latvia -- (SBWIRE) -- 09/28/2020 -- It only takes one small change, one small step in the right direction, to develop a unique product, and that is exactly what Martkist has done. Martkist has been working to make the cryptocurrency more inclusive, accessible, and transacted in the daily lives of the users.

The project has revealed the list of doctors and procedures for the residents or visiting individuals in Colombia. These doctors can also take payments for the procedures and other fees in MARTK. This makes Martkist an excellent payment gateway for the everyday user.

This step is going to bring more people and industries under the ambit of cryptocurrency. On both sides of the spectrum, the doctors and the patients will understand more about the blockchain, cryptocurrency, and other related aspects because they can now use MARTK as regular fiat money to conduct everyday transactions.

Why Medical Services?

This step brings Martkist one step closer to their core mission of intelligent allocation of resources. Bringing the medical services in Colombia into the fold is a great step that will undoubtedly augment the usage of the MARTK in general life correspondence.

Added to this, the Colombian medical tourism industry is booming. Across the globe, the medical tourism industry is expected to grow up to $207 billion by 2027. This means that it will grow with a CAGR of 21.1%.

If that's not all, due to medical tourism, any hosting nation gets additional benefits from several other sources. This includes tourism expenditure, support to the local tourist-based markets, pharmacies, healthcare service providers, and other auxiliary services. Plus, revenue generation for the government because various other sectors will grow.

Also, a boom in medical tourism means that local residents can get better employment opportunities. That is why the Martkist team decided to integrate the crypto coin with the medical services providers in the country.

Due to the forward and backward linkages, the MARTK can further penetrate into other associated sectors. Any other vendor or service provider can also start using MARTK and get the benefits of a decentralized system.

A Potential to Upgrade the Entire System

The thing about medical payment is that sometimes they can get delayed even when a user has access to funds at all times. This is specially important in the case of medical tourists. These users may not get instant access to cash or digitally transfer the payments for the treatment, which can cause issues and stress.

Every second is essential in the healthcare domain, and here if the user is marred by slow transfer systems or the inability to acquire cash on the spot is not good. That is why Martkist is allowing everybody to visit Colombia for treatment purposes to circumvent such issues and use the speed, authenticity, security, and decentralization power of cryptocurrency.

Furthermore, if the payments are made via a bank, wire transfers, or any other medium, the users have to deal with extra fees and surcharges labeled as service expenses. With MARTK, there are no additional charges whatsoever. The users can pay directly to the service provider without fear or favor.

Capitalizing on the Potential

The visionary Martkist team saw great potential in the medical tourism of Colombia and went on to capitalize on this opportunity. This step will certainly bring a lot of transparency and cost-saving to the users.

Plus, since the users will become the owners of a crypto coin that can be further staked, they can also earn some passive income. Apart from staking, if the new users gain interest in the cryptocurrency world, they can explore it further to understand how it works and how to benefit from altcoins and bitcoin.

To make the new project more accessible and transparent, the project team has also shared the names of doctors and the procedure costs in USD.

Doctors List:

Edinson Orozco Plastic surgeonReynaldo Corrales Plastic surgeonJuan Carlos Escaf Ophthalmologist anterior segment and cornea (surgery without glasses)Ingrid Salazar and Cleofe Villa Ophthalmologist (facial rejuvenation, eyelids, and botox)Marped Morales Ophthalmologist GlaucomaMary Cabarcas Neuro-OphthalmologistRamiro Albis PediatricianRoberto Leyva RetinologistEmil Marabi Vascular surgeonElvia Molano OtorhinoRafael Campanella Gynecologist

It is evident from the list that almost every general medical specialist is involved in the project. With time, the list will grow to include all the other medical specialists. The cost structure of the services provided by the enlisted specialists ranges between $450 for plasma to $7890 for a facelift.

So, the service provisioning is highly diverse and covers almost every procedure required by an individual.

What is Martkist?Martkist is a community-focused cryptocurrency project and modern marketplace working with an aim to bring the benefits of crypto to everyone. The entire project is decentralized and runs on the Ethereum blockchain, integrated with smart contracts, and steered by the principles of governance budget voting.

About CryptoshibCriptoshib tries to keep crypto enthusiasts updated with the latest happenings and stories from the crypto world. We try to post stories about projects and people of the crypto and blockchain communities from around the world.

Media Contact

https://cryptoshib.com/martkist-brings-benefits-to-medical-tourism/

For more information on this press release visit: http://www.sbwire.com/press-releases/martkist-brings-the-benefits-of-cryptocurrency-to-colombian-medical-tourism-industry-1306269.htm

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Martkist Brings the Benefits of Cryptocurrency to Colombian Medical Tourism Industry - Press Release - Digital Journal

Cryptocurrency scams are on the rise and anyone can fall victim to one. Knowing what the more common ones are can help to avoid getting scammed.

Cryptocurrency is simply described as digital money. An idea that was first introduced with Bitcoin by the mysterious Satoshi Nakamoto over a decade ago. Since then, it has become so popular that many other cryptosare sprouting everywhere. Along with the rise of cryptocurrencies came the rise of exchanges,as well asscams.

Cryptocurrency scams are now everywhere online and while its true that investing in cryptocurrencies comes with great rewards, anyone considering an investment will need to be aware of the risks involved as well. One of the first things that experts recommend is to confirm thatcryptocurrency exchange or startup is actuallyblockchain-powered. Platforms that run through a blockchain are using smart contracts to complete transactions without a need for human interventions. It's the system's protocol that checks the legitimacy of the transaction and such a process can prevent fraud. Despite this, scams still do happen a lot.

Related: Do Crypto And Blockchain Companies Have A Sexism Problem?

This year alone, the North America Securities Administrators Association (NASAA) has identified 244 fraudulent schemes, 154 of which were cryptocurrency investment scams. These instances raise two questionsfor those who intend to invest in cryptocurrencies, or at the very least, use cryptocurrencies for their transactions. The first is, what are the common cryptocurrency scams, and second, how can they be avoided?

Topping the list of the most common cryptocurrency scams is when scammers trick crypto investors through fakemobile appsthat are available to download through the Google Play Store orthe Apple App Store. While they may appear to work perfectly once downloaded, their specific intention is to steal cryptocurrencies. There are certain ways to avoid this scam with the best way to make sure theapp is downloaded from anofficial link. Even then, it is best to check the reviews and ratings for the app, in case others have noticed something strange.

Another common cryptocurrencyscam to watch outis when scammers send phishing emails with the intention of stealing data and cryptos. The email often suggests something is wrong withan account and requests the recipient click a link. However, the link acts as a gateway for the scammers to access the account. The best way to avoid this scam is to never communicate with the sender of the email.

The reality is, the listof common cryptocurrency scams that are happening daily is increasing all the time. Malicious actors never run out of ways to steal from unsuspecting cryptocurrency users, butbeing extra vigilant when getting into any crypto-related transaction can help to reduce the chance of being scammed. Whether cryptocurrency or not, if its too good to be true, it probably is.

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Common Cryptocurrency Scams & How To Avoid Them | Screen Rant - Screen Rant

Tickeron offers AI-powered automated tools to simplify crypto trading with additional features

Fremont, CA: Tickeron, an artificial and human intelligence platform providing unparalleled trading insights and analysis for investment advisors and self-directed investors, introduced its latest AI Robots tool for cryptocurrency trading. The new tool works in conjunction with Tickerons AI Screener and utilizes sophisticated algorithms to offer valuable crypto trading information directly to the user's inbox.

AI Robots consists of Tickerons best combinations of trade idea generation tools. It functions by scanning the crypto market every minute to find the best possible cryptocurrency trading opportunities based on Real-Time Patterns, Trend Prediction Engine results, and other advanced AI-produced data. The robots will then make the trade without any human involvement or decision-making assistance.

AI Screener by Tickeron enables retail investors to categorize and compare cryptocurrencies. Once the user selects filters, they can easily toggle between technical and fundamental analysis, fundamentals raw data, earning and dividends data, and AI predictions on a particular currency. In such turbulent and unpredictable economic times, having access to this kind of information provides novice cryptocurrency traders with a higher chance of success.

These features allow new traders to find out virtually anything they want to know about a cryptocurrency before making a trade, or before AI Robots makes one for them, said Sergey Savastiouk, CEO and Founder of Tickeron. Having artificial intelligence at their disposal to find out valued information through our exclusive algorithms and date analysis is a huge asset to crypto traders in todays market.

See also:Top Fintech Solution Companies

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Tickeron's New AI-based Tool Helps Realize Seamless Cryptocurrency Trading - CIO Applications

Studying the phenomenal success of this cryptocurrency, many ask the question: What is the secret of the success and such a rapid growth in popularity of YUSRA?

Key success factors include:

Thus, the phenomenal success of YUSRA Global is a combination of many factors that interact with each other. Everything is connected: without the unique developments of the team of programmers, an effective economic model would not work, and without a competent marketing strategy, the community would not expand and grow. All technical and marketing achievements pale in comparison to the personal qualities of the team. It is people, and not just a collection of unique IT technologies, that make Yusra what it is today!

Unlike most of its competitors in the crypto industry, YUSRA is not a dummy with a multi-page White Paper and constant promises of releases of some mythical unique technologies. YUSRA Global is already a successfully functioning ecosystem today, consisting of several decentralized services:

YUSRA MARKETPLACE is a free decentralized trading platform, similar to an online marketplace, where sellers and buyers can place their goods (goods, equipment, services, real estate, etc.) on their own platform.

YUSRA P2P EXCHANGE is an online exchanger, which is an analogue of the Local Bitcoin platform and allows you to buy and sell YUSRA cryptocurrency directly between users on the basis of P2P transactions.

YUSRA PAY is a payment system that allows you to pay for mobile communications, television and Internet services directly for the YUSRA cryptocurrency. At the service of users is a huge selection of operators, providers operating throughout Russia, as well as other countries.

YUSRA WALLET is a specially designed wallet for storing YUSRA cryptocurrency. The wallet has a built-in special add-on that rewards users with tokens for trust from the system, and also provides users with access to the functionality of P2P Exchange and YUSRA PAY services.

In the near future, the team plans to launch several services, which will also be part of the YUSRA Global ecosystem. This is a new generation social network DOBRO 2.0, the release of which is scheduled for the very near future, as well as an online training platform SMART Academy and a travel portal Fresh.kavkaz.

The Yusra cryptocurrency website contains a Roadmap, which accurately indicates all the stages of Yusra development for several years ahead. I would like to note that since the launch of Yusra, the developers have never violated the deadlines for the development of any of the products.

The YUSRA Global cryptocurrency community is represented in many countries of the world and is actively continuing its expansion into new markets in particular, active promotion in South America, Asia and China is in the immediate plans.

Analyzing the dynamics of the markets, it is safe to say that the IT industry rules the world today. That is why, when developing the concept of YUSRA GLOBAL, the tasks of developing and financing IT projects were initially set. Since, in the future, it is these services that will create natural liquidity for the YUSRA cryptocurrency, and also due to financial receipts from their own IT projects, coins will be redeemed from investors. The redeemed coins will be burned, which will help to reduce the total emission of the coin and, accordingly, stimulate the normalization or growth of the rate.

Thus, today YUSRA Global is a dynamically developing IT holding, investments in which may well exceed even the most daring expectations.

YUSRA Global everything is just beginning!

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YUSRA Global Is a Young Cryptocurrency That Has Managed to Achieve High Results in Only 1 Year of Existence - NewsBTC

SYNTAGMA SQUARE, ATHENS, ATTICA, GREECE - 2015/07/15: A protester advertises Bitcoin at the ... [+] anti-austerity protest outside the Greek Parliament in Athens. Molotov cocktails, tear gas and stun grandees were thrown by protesters and police when an anti-austerity protest outside the Greek parliament turned violent. The protest was hold while the Greek parliament was voting on new austerity measures. (Photo by Michael Debets/Pacific Press/LightRocket via Getty Images)

Cryptocurrencies have always had staying power due to institutional and retail investors as well as its traction as a digital means of exchange. Yet its uncensorable nature, and the potential of having relatively private transactions as well as an alternative to fiat currencies has lent itself well, in theory, to protest movements that are threatened by the use of state force.

In a world being swept by protest, some of that potential is manifesting itself now. At a recent protest for Black Lives Matter, one of the speakers talked about bitcoin as an alternative for the financial systems that had oppressed them for so long. Chinese netizens have used ethereum to make sure that messages that would otherwise be censored in online protest could live as long as possible, secured by a network of coordinating nodes. In Hong Kong, cryptocurrency has helped finance the distribution of supplies to protestors and when protestors sought to switch out from Hong Kong dollars to demonstrate their opposition to the erosion of fundamental rights, some of them thought of bitcoin as an alternative.

Some protests seemed focused on the very ills cryptocurrency first arose in opposition to: an out-of-control and out-of-touch monetary system controlled by the very few and designed to benefit those closest to the halls of power. In Lebanon, a funeral was held for the Lebanese pound, and a branch of the central bank was burned down in Tripoli. Yet, cryptocurrency adoption there is low, and the demand seems to be driven to the USD as a safehaven, not towards cryptocurrencies directly.

Some of this shows the difference between the ideals and where cryptocurrencies are now in practice. Yet, sparks are coming up. Art collectives are using blockchain to protest in the United States. People are mining monero with the intent of providing funds for bail.

This doesnt just extend to just individuals who are protesting. Organizations such as the Catalonia government were using bitcoin to finance and fund independence referendums. Declared illegal after it was enacted, the Spanish government alleged that the Catalonia movement was using bitcoin to hide its expenses but it would have made little sense, in any case, to conduct financial transactions with the ledger of trust that constitutes to the Spanish and European financial system that was going to smash the Catalonian referendum.

Catalonia is also a hub for the decentralized web and mesh networks that exist somewhat independent of centralized telecommunications providers. In many ways, technology is now enabling the underlying democratic and political preferences of people even if the fullest extent of their political aspirations are not permitted under the geographic legal boundaries they live in something that forms the blunt foundation for protests.

As we live in a world where digital transactions and currencies are increasingly being adopted by the state from China, to the EU, to the United States and around the world as a more efficient means of exchange, cryptocurrencys rare ability to hold value outside of the context of centralized monetary authorities (often aligned in policy with their political peers, or in the case of China, subordinated to them) and private banking systems that must stay utterly loyal to the state is starting to show its value.

Weve seen governments from Iran to Venezuela to China censor the Internet and the free flow of information whenever it was convenient for them, or wherever would best consolidate the power of these respective states. They are likely to do the same with any digital means of exchange directly under their control, and have much more granular control over rewarding and punishing those who deviate from central state ideology.

As a result, protestors and protest movements around the world are starting to put their faith in cryptocurrencies. The uncensorable nature of cryptocurrencies as well as its decentralized peer-to-peer networks might be seen as weaknesses for institutional investors looking at bitcoin as just another portion of their portfolio but for protestors, these are central strengths of cryptocurrencies not available in any other means of exchange. There are sparks of cryptocurrency activity as protests increase examples that might shed the light on how cryptocurrency will co-evolve with different protest movements.

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Protesters Around The World Are Putting Their Hopes Into Cryptocurrency - Forbes

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Many people think of cryptocurrency as a simple store of value, but there is much more to the idea. Bitcoin is rooted in financial rebellion, not as another way to pay for a pizza. There are many benefits implied within a decentralized, trustless, immutable system of record-keeping and value transference. Political and financial leaders around the world are taking note, and you should as well.

Even if you dont plan to get involved in cryptocurrency as anything more than a portfolio hedge, youll definitely enjoy knowing just how crypto will change the financial and political world of the future.

If you have ever been annoyed waiting for a cash transfer from a bank account, you may want to consider using crypto. Transfers are instant with lower fees than platforms like Paypal. Using crypto also eliminates fraudulent chargebacks because payments on a blockchain cannot be reversed.

Using crypto also frees you to send money wherever you want with no middleman scrutinizing your transaction history. This includes international recipients who will also happily avoid Paypals expensive currency conversion fees.

The concept of the micropayment, or pay as you go, on-demand payment structure, is another advantage of using cryptocurrency. The built-in fees that you pay when using a credit card disappear with crypto, making per-second or per-minute micropayments a reality. Instead of paying a subscription fee for a streaming service, for example, crypto allows you to pay only when you watch a movie. As a matter of fact, Streamium is a video streaming service that does just that.

Even if youre not a huge crypto buff, you likely heard of the Bitcoin mania that took place around Christmas 2017. Bitcoin exploded in value, almost touching $20,000 USD per coin. At that time, it was literally the best financial investment of all time. Bitcoins value relative to the dollar has receded since then, but crypto bulls believe it can top its 2017 performance and bring the rest of the crypto market with it.

More investors than ever both individuals and institutions are holding some sort of crypto in a portfolio. This includes very public crypto skeptics like Jamie Dimon, CEO of JPMorgan Chase. The Chicago Mercantile Exchange (CME) offers options on Bitcoin futures, giving the market mainstream viability it didnt have before its breakout 2017 year. The crypto market has all of the markings of a solid potential growth investment: rising visibility and sentiment, a relatively low market cap compared to traditional asset classes and consistently increasing utility.

Many investors in the U.S. think of crypto as a volatile investment. This may be because the U.S. dollar is the worlds reserve currency and still one of the most stable currencies on the planet. To a country like Venezuela, crypto actually represents a more stable form of money. This notion is more than a pipe dream or an experiment Nigeria, Australia, Spain and Canada have all doubled their use of Bitcoin year over year.

In countries like Venezuela, the population is literally using Bitcoin to save its life. The government cannot exercise nearly as much control over cryptocurrency as it can a fiat currency. Russia is trying to create its own crypto and criminalize any other nonsanctioned competitor. The people of Zimbabwe prefer crypto to the gold-backed currency the government is pushing.

Imagine never having to pay a lawyer to do good business again. Imagine a real estate transaction with no escrow fees. This is a world that proponents of Ethereum say is quite possible. The smart contract, built on the Ethereum platform and quantified through the Ether cryptocurrency, brings the unchangeable, fraudless blockchain into the realm of law. Smart contracts create a 100% safe way to conduct an agreement sans the judicial system.

The idea of smart contracts is so well received that Ethereum has actually outpaced Bitcoin in terms of new users over the past year. Ethereum developers say that Ethereum will soon beat Bitcoin in the number of developers, daily value transfers and transactions per second.

Facebook and Twitter have recently created controversy because of their willingness to police its platform. Depending on who you ask, we lose. One of the inventive uses of cryptocurrency is to serve as the basis of a decentralized social network. In this structure, there is no central authority to blame for censoring or not censoring controversial content.

Decentralized social media also gets rid of the data privacy controversy because there is no central authority present to gather and sell private data. Cryptocurrency micropayments replace invasive ads as the platforms funding mechanism. Spam is still unwelcome, but it is moderated through a smart contract rather than a mod, who can be influenced to be subjective.

To get the most out of crypto, you need to be able to get your hands on more than 1 kind of coin. You can do this most efficiently through a trading platform. Take a look at the feature sets of the brokers below.

Although you may certainly use Bitcoin, Ether or altcoin as cash, the real benefits of crypto are much broader. Even if the current generation of cryptocurrencies phases out as money, the social and financial ideas they brought to the mainstream cannot quickly be forgotten. The ideas mentioned above represent only the tip of the digital iceberg in terms of potential social and financial utility.

Avail yourself of the more technical benefits of value stores, smart contracts and other crypto utilities. They will certainly play a major part in peoples lives in the very near future. The more you learn today about what crypto can really do, the more your life will benefit tomorrow. You may even be inspired to create a use of your own for cryptocurrency in this still quite new and wide-open space.

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The Benefits of Cryptocurrency Trading Crypto Benzinga - Benzinga

New York, 19June 2020 Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.

The CryptoFund will invest 125 ETH each in the eight companies from seven countries to develop prototypes, pilot, or scale their technologies over six months: Afinidata, Avyantra, Cireha, Ideasis, OS City, StaTwig, Somleng and Utopic.

All investees have previously received up to $100,000 from UNICEFs Innovation Fund and are now receiving cryptocurrency to continue the development of their open-source and digital public goods.

Within the scope of their technology, several investees are working to mitigate the hardships of COVID-19 on children and youth around the world. They are collaborating with national governments and local partners to send vital messages on COVID-19, track the effectiveness of rice delivery to vulnerable communities, improve childrens literacy through remote learning, treat pandemic and isolation-related anxieties, and other vital solutions.

We are seeing the digital world come at us more quickly than we could have imagined and UNICEF must be able to use all of the tools of this new world to help children today and tomorrow, says Chris Fabian, Senior Adviser, co-Lead, UNICEF Ventures. The transfer of these funds to eight companies in seven countries around the world took less than 20 minutes and cost us less than $20. Almost instant global movement of value, fees of less than 0.00009% of the total amount transferred, and real-time transparency for our donors and supporters are the types of tools we are excited about.

Selected from almost 40 startups that have graduated from the UNICEF Innovation Fund, these eight companies have undergone technical evaluations, quality assessments of their open-source tech solutions, evidence of impact and more. They join three other grantees that received the Funds first cryptocurrency investment last year.

Besides funding, investees receive business growth mentorship, product, and technical assistance, open-source and UX and UI development, access to experts and partners, as well as opportunities to showcase their solutions.

The UNICEF Innovation Fund and CryptoFund currently have an open call for blockchain solutions to apply for funding (up to $100,000 and cryptocurrency combined) and mentorship. More details here: http://www.unicef.org/innovation/applyBlockchainCrypto

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Note to editors:

Prototypes of software, platforms and applications are available, demonstrations can be arranged upon request.

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UNICEF Cryptocurrency Fund announces its largest investment of startups in developing and emerging economies - UNICEF

Akon City, a futuristic cryptocurrency themed city founded by famous singer Akon, is ready to begin construction, with a plan to use the akoin cryptocurrency exclusively. Phase one of Akon Citys construction will include roads, a hospital, a mall, hotels, and a school. There will also be parks, universities, a stadium, and an industrial complex.

The $6 billion city in Senegal billed a futuristic cryptocurrency themed city, founded by Senegalese-American star and philanthropist Akon, has awarded its building contract to KE International, a U.S.-based engineering firm. Akon City announced earlier this month:

Akon Citys phase 1 is expected to complete by end of 2023, and will see the construction of roads, a Hamptons Hospital campus, a Hamptons Mall, residences, hotels, a police station, a school, a waste facility and a solar power plant.

Akon, whose full name is Aliaume Damala Badara Akon Thiam, is a famous singer, songwriter, actor, and record producer. He has sold over 35 million albums worldwide and received 5 Grammy nominations for The Sweet Escape, Bartender, Konvicted, I Wanna Love You, and Smack That.

Akoin is a cryptocurrency powered by a marketplace of tools and services fueling the dreams of entrepreneurs, business owners, and social activists as they connect and engage across the rising economies of Africa and beyond, the projects website details. According to Thursdays announcement:

Akon City phase 2 will run from 2024 to 2029 and will end with a complete cryptocurrency city running exclusively on akoin cryptocurrency.

For Akon Citys first and second phases of building, KE International has secured $4 billion from investors. Dubai based Bakri & Associates Development Consultants will lead the architectural designs of Akon City under KE Internationals guidance.

Akon City will be located near Mbodime, a small coastal village in the west of Senegal, West Africa, less than an hours drive south of the new Blaise Diagne International airport in Dakar. Aimed to be a tourist city with a cryptocurrency-based economy, Akon City plans to have parks, universities, schools, a stadium, hotels, and an industrial complex fully completed by 2030. Akon first announced his plan to build Akon City in 2018, stating at the time that he was working with the Senegalese government on the project.

The city plans to exclusively use the akoin cryptocurrency, which is built on the Stellar payment network. The akoin cryptocurrency is also to be used in Mwale Medical and Technology City (MMTC), a green city based in Western Kenya, which KE International is also building. Commenced in 2014, the construction project is 85% done and expected to complete in December this year. Recently, it partnered with the Akoin platform for its blockchain-based digital transactions. Akon hopes his akoin crypto will be used all over Africa where a significant portion of the population remains unbanked but smartphones are widely used.

What do you think about Akon City exclusively using the akoin cryptocurrency? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Akon City: $6 Billion Cryptocurrency City Set to Begin Construction | News - Bitcoin News

Almost a month after announcing its proposal to migrate to the Solana Blockchain, the Kin cryptocurrency project announced Friday the move had been approved by its board and community, and a transition plan would be released in the coming weeks.

The Kin Foundation said in a press release the move to Solanas blockchain was in response to a growing user base, which was hitting limitations on the Stellar blockchain fork the cryptocurrency is currently built on. According to the firm, the cryptocurrency currently has over 3 million active monthly spenders and has been integrated into 57 different, mostly mobile, applications.

App developers, node operators and the Kin Foundations board members (Ted Livingston, who founded the Kik messaging app and is the face of Kin, and William Mougayar, an author who hosts the annual Token Summit conference) voted on the proposal, which was released on Github last month.

They had already been pushing against the limits of the Stellar fork, Mougayar said

He said a rise in users meant that the Kin cryptocurrency needs to be able to process more than 100 transactions per second, which is the upper limit on the Stellar fork.

According to Anatoly Yakovenko, Solanas co-founder, the blockchain can handle up to 60,000 transactions per second on its current mainnet.

In addition to speed, Solanas natural ability to scale turned out to be a major determining factor in their (Kins) decision, Yakovento told CoinDesk.

This is also not the first time the cryptocurrency has changed blockchains. Launched by Kik in 2017, Kin was originally built on the Ethereum blockchain, but a few months later it announced that it would use Ethereum for security and the Stellar blockchain for transactions. Then in May 2018, Kin announced that it would fork Stellars blockchain to create its own.

According to the firms emailed statement, as part of the cryptos transition to Solana, the blockchain firm has also promised to give 1% of all of Solanas token supply (amounting to $3.5 million) as grants to the Kin Foundation.

Even as Kin continues to expand its user-base, the regulatory troubles it faced in the past have continued to persist.

Kin is not getting much recognition in the marketplace, unfortunately because of the SEC [U.S. Securities and Exchange Commission] darkcloud, Mougayar said.

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Link:
From Ethereum to Stellar, to Solana: Cryptocurrency Kin Confirms Blockchain Migration - CoinDesk