News

CoinBase to Help the Venezuelans Crypto Money for Christmas

CoinBase, the US popular crypto money exchange, shows its benevolent side by donating crypto currency to more than 300 people in Venezuela.

CoinBase to prepare for the holiday season; He created a special program called “12 days of CoinBase” which is similar to bir 12 days of Christmas “. Under this program Coinbase provides crypto money to families in need. Coinbase hopes to provide $ 10,000 worth of Zcash in total.

The company issued the following message via social media;

Kazandır This donation will earn $ 1 in crypto purses for more than 100 families in Santa Elena de Uairen every day for 3 days. Buyers will be able to purchase basic supplies at a local store that accepts crypto payments. "

Zcash is the latest coin to be added to CoinBase Pro, the trading platform for the company's professional investors. Coinbase said many customers are looking for ways to add a few new tokens to their list at the request of adding new projects.

Venezuela is no stranger to crypto coins. The country released its official digital presence, known as the "Petro", in February 2018. Reports; The currency shows that the ICO has collected approximately $ 5 billion. Other statements about the crypto currency have led to both speculation and debate.

A Damaged Financial Infrastructure

Among the most serious of these debates was Petro's claim that Venezuela's oil reserves were supported. While the original document referring to oil did not mention this issue, doubts increased as the speculation surrounding the origins and motives of the currency grew. Earlier this year, US President Donald J. Trump signed a bill on the United States declaring all illegal transactions in oil.

The economy of Venezuela; Partly due to inflation and the collapse of Bolivar, the official currency, the previous two years experienced a serious uproar. Prices in basic food items rose rapidly.

Despite the good nature of CoinBase, not everyone is satisfied. In response to CoinBase's first announcement, a user said he spent about $ 1.7 dollars per kilogram of protein (eg meat). Therefore; $ 1 per wallet is unlikely to make a payment.

Source: Livebitcoinnews

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph