Bill & Melinda Gates Foundation is in the blockchain news this week for a new initiative with one of the aspiring blockchain startups in the space. Launched by the Microsoft CEO and ran along with the help of his wife, this organization is teaming up with the California-based blockchain firm Coil in an attempt to enhance the financial access for the unbanked and underprivileged communities.
First announced by the principal technology chief and deputy director at the foundation, Miller Abel, the new partnership will make the Bill & Melinda Gates Foundation a pioneer in blockchain technology. Meanwhile, Coil is a blockchain startup which was founded by the former CTO at Ripple, Stefan Thomas.
Proud to confirm that we are working on https://t.co/tbV0COdx3T with the @gatesfoundation – Technologies like @Interledger and #micropayments aren't just for media. They also increase #financialaccess and we want to do our part. https://t.co/LUjJo57OgY
— Coil (@Coil) October 18, 2018
The current plan is for the Bill & Melinda Gates Foundation to implement Ripple’s Interledger Protocol and enable disbursement systems geared towards the poor and explored in the months to come.
Besides Ripple, there are other firms which were involved in developing the pro-poor payment system such as Crosslake Technologies, Software GRoup, ModusBox, and Dwolla. The partnership will adopt the open source payments software MojaLoop to enable the systems that are geared towards the poor. Speaking of, MojaLoop was financially backed by Bill Gates and developed months ago.
At the time, the MojaLoop open source software is praised by many experts as the perfect answer to increasing financial inclusion and solving the problem of interoperability which had been identified as a major obstacle when it comes to widening the access to basic financial services.
Bollywood Actors Involved In ‘’Cashcoin’’ $14 Million Crypto Scam
“I will be in Surat on January 5, 2017, for promoting Cashcoin. As we all know that the future belongs to the cashless trend, we also know how much important role cryptocurrencies would play. So, we’ll meet at the event to know more about Cashcoin.”The police believe Khan received a lot of money for promoting the scam. If the police prove they are right, Khan could face compensation for the investors’ losses and could potentially go to prison for charges of fraud, criminal conspiracy and breach of trust. Shahbaz Khan’s involvement in crypto scams is not the first in the Bollywood world. Before him, there were actors such as Shilpa Shetty and Zarine Khan who promoted other scam crypto projects. In cases such as this one, the police commissioner said:
“These people have been brand ambassadors for this company, endorsing their products and going for their meetings. We came to know they have received huge remuneration and traveled abroad with the company representatives. This is a serious offense.’’Other Bollywood actors who got involved in a crypto scam include Vivek Oberoi who is set to play the key role in Prime Minister Narendra Modi’s biopic, also was involved into taking bribes for promoting political parties in India by accepting cryptocurrency as payments.
Not So Popular: Justin Sun Apparently Has Fake Twitter Followers
“Those followers are as authentic as Jussie Smollet’s beatdown story.”Another commenter believed that getting the police and the Federal Bureau of Investigation involved is the right thing to do in order to bring truth to the crypto community. Justin Sun is believed to be a master at marketing and this is one of the reasons the crypto community can be happy about since his strategies seem to work on investors, dapp users and crypto exchange owners. It’s not a foul play but it sure is very close to the line that you should not cross.
Singapore-Based Blockchain Accelerator Partners With BMW & Intel
Binance Announces Major Changes To Launchpad Token Sale Format
“Other market participants may view this as an opportunity, and countertrade to even out the fluctuations.”The Binance Launchpad is the company’s token launch platform, as the name says, and in most recent times it has concluded a $4 million sale of the Celer Network (CELR) token seven days ago. The platform also conducted the Fetch.AI (FET) token sale and was able to raise about $6 million in just 20 seconds back in February. As previously reported, multiple changes were done to the Binance Application Programming Interface that shows how the company is working hard on implementing margin trading. A week ago, LBank and Bit-Z both of which are exchanges, overtook Binance on the adjusted trade volume according to the rankings on CoinMarketCap but the newly found reports show that most of their volume is fake.
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- The Russian Parliament Pushed Back On Its Crypto Regulation Bill Reading
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- Bollywood Actors Involved In ‘’Cashcoin’’ $14 Million Crypto Scam
- Not So Popular: Justin Sun Apparently Has Fake Twitter Followers
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