Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: bitcoin – Page 40

A new section: Bitcoin ATM business model
has been added. Jump to “2019 Update”

The good news is that building a Bitcoin ATM is easy and less expensive than you might expect. But, offering or operating them engulfs the assembler in a regulatory minefield! It might just be worth sticking to selling bitcoin on PayPal (visit this website for more information on that). You might also wish to rethink your business model —especially user-demand. That’s the topic of our 2019 update at the bottom of this article.

A photo of various Bitcoin ATMs appears at the bottom of this article. My employer, Cryptocurrency Standards Association, shared start-up space at a New York incubator with the maker of a small, wall mounted ATM, like the models shown at top left.

What is Inside a Cryptocurrency ATM?

Continue reading “Update: Building (and placing!) a Bitcoin ATM” | >

Good Article

According to futurist and author Daniel Jeffries, there are five key factors missing for crypto to fully succeed as a technology. Will Libra be the end of the traditional financial order as we know it? Does it pose an existential threat to people’s freedom?

Get your Cointelegraph merch here: http://bit.ly/2X67nM7

Continue reading “Futurist Explains 5 Keys to the Next Crypto Boom” | >

Blockchain will make sure green pledges aren’t just green wash.

When a country or a company makes a promise to reduce carbon emissions, respect fishing quotas or cut toxic output, how can we be sure they’ll keep their word?

The truth is, it’s often extremely hard. But a new initiative — Global Ledger — led by a group of World Economic Forum Young Global Leaders (YGLs) aims to change that.

Using data from a nearly-infinite array of observation devices — drones, cameras, nano-satellites and soon-to-be-ubiquitous Internet of Things applications — reliable and unbiased information can be gathered and then stored using blockchain technology, which ensures data is verified and almost impossible to manipulate.

Continue reading “Blockchain will make sure green pledges aren’t just greenwash: a new initiative” | >

Just a few months ago, Augustín Carstens, the general manager for the Bank for International Settlements (BIS), the so-called central bank for central banks, said his organization saw no value in the potential of central-bank-issued digital currencies. Well, he’s apparently had a change of heart, and the entrance of Facebook and other “big techs” into financial services appears to be the reason.

The news: Carstens told the Financial Times that the BIS is supporting the “many” central banks currently developing or researching digital currencies. “And it might be that it is sooner than we think that there is a market and we need to be able to provide central bank digital currencies,” he said.

The context: Many other central bankers have dismissed cryptocurrencies like Bitcoin, which tend to be volatile and whose most popular use has been speculation. But Facebook’s proposed digital currency, Libra, will be backed by fiat money and designed to maintain a stable value.

Read more | >

Bitcoin reached the highest value the popular cryptocurrency has had in the last 16 months — $11,251.21 — on Monday.

And Facebook is likely to blame. Analysts suggest that the social media giant’s recent unveiling of its own cryptocurrency called Libra likely bolstered investors’ confidence in crypto across the board, according to Agence France-Presse. Though Bitcoin never really recovered from its massive crash in late 2017, the recent resurgence is a sign that the cryptocurrency isn’t quite fading away as some believed.

Read more | >

Today, Facebook is coming together with 27 organizations around the world to start the non-profit Libra Association and create a new currency called Libra.

Libra is a global cryptocurrency built on blockchain to promote financial inclusion. Libra is digital, mobile, stable, fast, cheap and secure. Read the Libra White Paper.

Read more | >

Libra’s mission is to create a simple global financial infrastructure that empowers billions of people around the world. It’s powered by blockchain technology and the plan is to launch it in 2020. You can read more about the association here: https://libra.org/&h=AT0Vpgfo9yMWI9A93aDq0V-7D3PwK9TiZGZ…la1VStESZA

Being able to use mobile money can have an important positive impact on people’s lives because you don’t have to always carry cash, which can be insecure, or pay extra fees for transfers. This is especially important for people who don’t have access to traditional banks or financial services. Right now, there are around a billion people who don’t have a bank account but do have a mobile phone.

Read more | >