Ethereum Foundation Transferred Second Cryptocurrency Donation to UNICEF
The United Nations Children's Fund (UNICEF) has received a second cryptocurrency donation from the Ethereum Foundation. The fund intends to divide the received amount of 1,125 ETH ($ 262,000) among startups in emerging markets, writes CoinDesk.
UNICEF announced that it did not receive large amounts of cryptocurrency apart from supporting the Ethereum Foundation. He is primarily interested in projects that create solutions for protecting user data, decentralized oracles and tools for conducting transactions, thanks to which people will be able to use, earn and store cryptocurrencies.
To date, he has invested in nine startups from countries such as Mexico, India, Turkey, Bangladesh and Cambodia. Each of the UNICEF-selected startups receives $ 100,000 in fiat currency, as well as bitcoins or Ethereum. Already funded startups can raise additional funds.
In addition, UNICEF has partnered with video game developer Ubisoft, which has released a series of collectible tokens for the popular gaming and television franchise, Raving Rabbids, to raise funds for the organization.
Ubisoft tokens use the ERC721 standard and are based on the Ethereum blockchain. There is a free exchange and sale of tokens for cryptocurrency, as well as the possibility of using them in games on the blockchain. When passing to each new owner, they will completely change their properties.
In 2018, UNICEF launched a donation program through browser-based cryptocurrency mining.
Compound surpasses MakerDAO in value of blocked assets
Compound overtook MakerDAO to become the leading DeFi protocol in terms of blocked funds with $ 533 million versus $ 483 million.
The explosive growth in the inflow of funds to the protocol began after the start of the distribution of Compound COMP management tokens, which both borrowers and liquidity providers for the platform earn.
COMP price, according to CoinGecko, skyrocketed from $ 92 to $ 286 since June 16. At the maximum, the token quotes rose above $ 313.
Blocko and Bank of Saudi Arabia develop blockchain credit management system
The collaboration is part of an E24P regional consortium initiative organized by Blocko to work in the Middle East, Africa and Southeast Asia.
Islamic Research and Training Institute (IRTI) CEO Sami Al Suwailem said the Islamic financial industry is projected to grow from $ 2 trillion to $ 3.78 trillion by 2022. However, the sector is still facing various technical and economic challenges that hinder the development of the industry.
For example, unlike traditional financial institutions, Islamic banks do not charge interest on loans and do not impose fines on persons who do not fulfill their monetary obligations. Instead, banks charge late fees that go to charity. With this approach, borrowers do not need to repay loans on time. In addition, it is difficult for banks to effectively distribute such fees among charities.
The loan management system developed by E24P and IRTI is based on the Aergo hybrid blockchain and is a mechanism to encourage regular loan repayments. In addition, the system will automatically credit the commissions to insurance pools in case of non-payment of credit debt.
E24P CEO Phil Zamani added that blockchain will enable Islamic banks and other financial institutions to assess loans transparently and securely. In addition, a blockchain-based platform will reduce costs and simplify many processes: reporting, credit rating, credit history and debt insurance.
Casa unveils security-focused Casa Wallet
According to the company's blog, the wallet is designed to provide a new level of security for both newbies buying bitcoin and experienced cryptocurrency users. According to the developers, the wallet is secure, anonymous and easy to use.
Casa Wallet is built on Keymaster technology, which powers multiple signatures in other Casa solutions. When creating a wallet, the user does not need to enter and save a seed phrase or personal data - only mail and name. In addition, the wallet does not track location or data transmitted, and is devoid of third-party analytics tools.
The user is prompted to create a key that will be stored on the device and the backups will be split between Casa's own storage and Google or Apple cloud storage, depending on the device. To receive a backup, the user needs to authenticate both in the Casa service and in the cloud storage.
In case of an emergency, the seed phrase can be exported from the wallet even without access to the network. Additionally, the developers have created a Key Health feature that allows users to check their private keys, wallet reservation status, and signatures.
well address i hope they made it reach where it is needed indeed so many can benefit from it as well