Trading platform eToro has recently unveiled blockchain-driven social project GoodDollar to tackle global wealth inequality, according to a press release obtained by Cointelegraph Wednesday, Nov. 7.GoodDollar had been presented at Web Summit held this week in Lisbon, Portugal. According to the release, eToro has invested $1 million of its funds to the project and is seeking for more partners to join the initiative.The project’s main goal is to provide economic tools for people who are unbanked or disenfranchised, creating “non-speculative cryptocurrency that aims to find ways to reduce wealth inequality on a global scale,” the release reads. The decentralized solution claims to establish a direct ownership connection between identity and the currency, thus helping to get funds directly without the interference of middlemen.Trading platform eToro, which became the first website to trade Binance’s in-house token Binance Coin (BNB) this October, also announced yesterday, Nov. 6, that it is launching its own cryptocurrency wallet that will at first provide support for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).As Cointelegraph frequently reported, blockchain is widely used in charity projects. For instance, a United Nations department dedicated to women’s rights uses decentralized technologies to pay remunerations to refugees working in camps in Jordan. Apart from being paid without banks’ involvement, the refugees within the program can also pay their purchases directly by using an iris scan.Moreover, the world’s largest crypto exchange Binance has recently announced its Blockchain Charity Foundation project where all donations go directly to its beneficiaries. The platform will be first used to raise funds for the victims of the floods and landslides in Eastern Uganda. window.fbAsyncInit = function() FB.init( appId : ‘1922752334671725’, xfbml : true, version : ‘v2.9’ ); FB.AppEvents.logPageView(); ; (function(d, s, id) var js, fjs = d.getElementsByTagName(s); if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “//connect.facebook.net/en_US/sdk.js”; js.async = true; fjs.parentNode.insertBefore(js, fjs); (document, ‘script’, ‘facebook-jssdk’)); !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=;t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e); s.parentNode.insertBefore(t,s)(window,document,’script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘1922752334671725’); fbq(‘track’, ‘PageView’);
In cryptocurrency exchange news, Binance’s native coin has listed on Etoro, Bittrex has announced the upcoming launch of its Malta-based international exchange, and Chris Lee of Huobi has predicted that security token offerings will become a mainstream form of fundraising within five years.
Also Read: Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business
BNB Lists on Etoro in First Listing Outside of Binance
Binancecoin (BNB) has been listed on Etoro, bringing the number of cryptocurrencies supported by the platform to 13. The listing comprises the first instance in which the altcoin has been listed on an exchange other than Binance.
The chief executive officer and co-founder of Etoro, Yoni Assia, stated: “Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response, we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform.”
Binance Freezes Funds From Wex Worth $18.5 Million
It has been revealed that on Oct. 25 Binance froze more than 93,000 ETH that had been transferred from the embattled Wex exchange, valued at $18.5 million.
In response to a post on Twitter emphasizing the movement of funds from Wex to Binance dating back to August, Changpeng Zhao, the chief executive officer of Binance, tweeted: “The identified accounts are frozen, please report to law enforcement and have a case number. We will work with [law enforcement]. This is part of centralization we hate too, dealing with other exchange’s mess (we don’t even know the details). But we will do what we can.”
Users of Wex appear to have been unable to withdraw fiat or cryptocurrencies from the exchange for more than three months, with recent reports claiming that 35 complaints have been filed against Wex with the Russian Interior Ministry.
Bittrex Announces Upcoming Launch of Bittrex International
Bittrex has announced that it will launch Bittrex International, formerly branded as Bittrex Malta.
The exchange will seek to target users based outside of the United States, with Bittrex also promising “a streamlined token approval process” designed to facilitate the onboarding of new markets in “weeks instead of months.” The launch of the new exchange will also see a “European-based Bittrex affiliate” listing particular tokens that are available on the Bittrex International platform and not the US-regulated Bittrex exchange.
If tokens are approved through Bittrex’s “standard initial review process,” prospective projects will be “directed to follow the process outlined in the Malta Virtual Financial Assets Act.”
Huobi’s Chris Lee Predicts STOs Will Become Mainstream in 3-4 Years
Chris Lee, the former chief executive officer of Okex and the current board secretary and vice president of global business development for Huobi, has stated his expectation that security token offerings (STOs) will become a “mainstream fundraising method” in approximately three to four years.
Speaking to Huoxun Finance, Lee added: “Time will prove everything, [STOs are] indeed a big opportunity, as I believe asset-backed tokenization, which is the digital assets backed by physical assets, have the potential to drive the entire crypto industry to a higher level. There will be a place for STO in Hong Kong’s capital market one day.”
What is your response to Binance’s freezing of 93,000 ETH associated with Wex exchange? Share your thoughts in the comments section below!
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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
Crypto Daily News: Seven Premier League Teams Sign Deals with eToro; Bitcoin Carbon Footprint more than One Million Trans-Atlantic Flights
In today’s edition of Crypto Daily News, we’ll cover the seven premier league teams that just signed a deal with eToro for advertising. Also, we’ll touch on the new study out that shows Bitcoin’s carbon footprint now equals a million trans-Atlantic flights.
Crypto Daily News: August 21st, 2018
Premier League & eToro
It’s official. We’re bringing bitcoin to football 🙂
eToro has launched landmark partnerships with 7 Premier League clubs all paid using #bitcoin.
“Blockchain can improve the experience for everyone who loves the ‘beautiful game’,” says eToro UK MD Iqbal V. Gandham.
— eToro (@eToro) August 21, 2018
The UK-based trading platform eToro has just announced that it has signed a large advertisement deal with seven Premier League football clubs. Revealed this morning, the clubs will be paid in Bitcoin (BTC).
The clubs that have signed deals with eToro include:
This isn’t the first time a European football team has represented cryptocurrency but it does show its integration into the mainstream media.
“This is very much the first step on a long road to football fully embracing bitcoin and the underlying blockchain technology,” eToro’s UK managing director Iqbal V. Gandham meanwhile said quoted by The Drum.
Bitcoin (BTC) Carbon Footprint
Erin Marquis, the managing editor at Jalopnik, just published an article about Bitcoin’s carbon footprint and it’s quite alarming. She highlights that currently 20 megatons of CO2 is released into the atmosphere currently – which makes up just as much as the whole Republic of Ireland.
The Guardian reported back in January of this year that 80% of Bitcoin miners’ winnings are invested back into energy consumption.
The author states that if the cryptocurrency, with its Proof-of-Work (PoW) consensus algorithm, were to grow to $50,000 a coin, its energy usage would shoot up 10 times what it already is – scary.
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Cardano (ADA) – eToro, the world’s leading social trading broker that now offers cryptocurrency trading, is now offering Cardano (ADA) on its platform.
New #Cryptocurrency alert on eToro!
Cardano $ADA is now available for trading on our platform.#cryptos
— eToro (@eToro) June 17, 2018
eToro is not yet available in the United States. The social trading platform currently offers the following digital currencies:
Bitcoin Cash (BCH)
Ethereum Classic (ETC)
Almost a month ago, eToro announced …
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