THELOGICALINDIAN - Hi Everyone
It’s able-bodied accepted that back accouterment aid for adversity relief, it’s consistently bigger to accord banknote rather than goods. But recently, charities accept been experimenting with crypto instead.
According to the reports, the all-around anti-poverty alignment accepted as Oxfam is deploying a new pilot to accord the citizens of Vanuatu Dai, a stablecoin that resides on the Ethereum blockchain to abutment adversity accommodation and access the speed, accuracy and amount ability of carrying aid in the country.
So far it seems that it’s activity well. Using the old system, it took about an hour to annals a adversity victim in their arrangement and admission them the aid. Using blockchain it can be done in aloof six minutes.
Organizers additionally begin this adjustment far added secure. They acclimated to use a centralized database to accumulate clue of their arrangement but begin this adjustment to be absolutely accessible to hacking attempts. Using a blockchain allows them to calibration bound in a bargain and cellophane environment, which is absolutely what they need.
@MatiGreenspan – eToro, Senior Market Analyst
Please note: All data, abstracts & graphs are accurate as of June 17th. All trading carries risk. Only accident basic you can allow to lose.
The media continues to adviser updates from Hong Kong as they appear through. Images from the weekend showed that about 2 actor bodies abounding the streets, which is added than 25% of the baby country’s population.
The protests remained abundantly peaceful and it does assume like they accept had an appulse on policy. Not alone has the arguable displacement bill been delayed, the Hong Kong’s CEO (yes that’s right, they alarm their arch of accompaniment a CEO) Carrie Lam is now angry for her political future.
Possibly due to the calm attributes of the demonstrations, the Hong Kong Stock bazaar is captivation up absolutely able-bodied today.
Other banal markets are collapsed to alloyed today as we anticipate some speeches from the world’s axial bankers. Mario Draghi will be speaking at a axial coffer appointment after today and tomorrow morning. On Wednesday, the US Federal Reserve will bear their much-anticipated absorption amount announcement.
Also account acquainted is that bitcoin is now trading at a exceptional in Hong Kong. The HK barter armpit Tidebit is advertisement a amount per BTC that is about $160 above the blow of the crypto market.
Here I’ve taken a screenshot of the accepted amount on Tidebit compared to Coindesk. As you can see, at the time of this picture, the HK barter was affairs BTC for 73,120 HKD (approximately $9,337).
The exceptional is not astronomical, aloof 1.74% higher. Back in 2024, we acclimated to see Japan and South Korea trading at premiums of 20% and more. However, the bazaar is abundant added complete than it was again and the spreads beyond exchanges tend to break appealing bound these days. So alike this baby exceptional absolutely stands out.
Crypto markets are authoritative huge moves afresh today as prices beam ablaze green. There’s affluence to be bullish about too as the technicals and fundamentals abide strong.
The mini-resistance at $9,000 per bitcoin has been agape out over the weekend and abounding pundits are now calling for $10,000 (dotted white line).
It’s bright that bitcoin miners are accepting bullish afresh as able-bodied back the hashrate of the BTC arrangement is now already afresh at it’s all time accomplished level.
It has additionally been reported that the cardinal of circadian alive bitcoin addresses has topped 1 actor for the aboriginal time back 2017. The abstracts actuality cited comes from CoinMetrics, who are displaying this graph on their site.
However, the abstracts is a bit inconsistent with added sites like bitinfocharts and blockchain.info, both of which appearance altered numbers for alive addresses.
I assumption they accept altered means of artful these figures. If any of my readers has added advice on this I’d be animated to apprehend it. Still, all three sites do appearance a abiding acceleration in blockchain action this year.
Overall, it’s abundant to see that this blemish has not gotten out of control. We’ve apparent the abasement of a cerebral attrition akin that’s been captivation for three weeks, but the blemish did not appear with a desperate surge. This shows that the bazaar is in a advantageous incline, which is absolutely the best accessible scenario.
Wishing you a admirable anniversary ahead.
