Zugacoin Controversy: Supposed Poverty Eradicating Cryptocurrency Criticized ...
After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project. One Nigerian expert has advised prospective zugacoin investors to prioritize learning finer details about the project before investing. A Financial System for the Future As promoters of zugacoin — a Nigerian cryptocurrency ostensibly created to end poverty in Africa — continue to tout the token as a legitimate digital....
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Colossal challenges await Antonio Guterres, the newly appointed United Nations Secretary-General. He must ensure the UN works toward eradicating poverty and achieving world peace, human development, social equity, and justice. Additionally, Guterres needs to promote freedom of Internet access, financial inclusion for billions of people, and the....
The United Nations aims to make it possible for all people to have a legal identity, including birth registration. This is one of the targets under the overarching goal of eradicating extreme poverty for all people everywhere by the year 2030. But providing an ID for everyone is a tremendous challenge. That is why experts are looking at Bitcoin’s....
According to the World Bank, the number of people living in extreme poverty — on less than $1.90 per person per day — has been increasing in the past three years following the effects of COVID-19, rising global conflicts, climate change, and unchecked inflation. For almost 25 years, extreme poverty levels were steadily declining before […]
Bitcoin just got another vote of support from the world of politics. Oakland mayoral candidate Bryan Parker said that he believes the currency will ultimately help solve many of Oakland’s problems. Parker is no stranger to the tech world: he worked as senior director of finance at the security firm iPass over a decade ago. He believes Bitcoin can be used to tackle poverty and address crowdfunding as a way to increase financing for civic development. In an interview with SFGate, Parker elaborated on his vision of bitcoin challenging poverty in Oakland: “What I'm doing is engaging in the....
In a growing storm of controversy, the Polkadot blockchain platform is now facing accusations of discrimination and toxicity within its ecosystem, on top of concerns over an impending funding crisis for its Treasury. Polkadot Criticized For Neglecting Asian Developers The co-founder of the decentralized network Manta, Victor Ji, recently took to social media to voice […]