#BitcoinForBeirut Seeks Sound Money To Help City’s Explosion Victims
On August 4, news of major explosions at the port of Beirut spread around the world, along with astounding videos and images. It quickly became apparent that the damage was extensive and that many in Beirut had been killed, injured or had become casualties of extensive property damage. And the tragedy came at a precipitous time for those in Beirut. A years-long economic crisis and the strains caused by the novel coronavirus in Lebanon have resulted in skyrocketing exchange rates, widespread distrust of banks and a rising interest in alternatives like Bitcoin. In an effort to help victims....
Related News
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims Get Refunds The Federal Trade Commission (FTC) has started sending refunds to victims of two cryptocurrency investment scams: Bitcoin Funding Team and My7network. According to an announcement by the FTC on Wednesday, the two schemes “falsely promised that participants could earn large amounts of....
A sound money standard, like that of bitcoin, has numerous benefits for society in comparison to inflationary, fiat-based standards.
Why is bitcoin the superlative choice of money for aligning the incentives of the world to the greatest benefit?
On paper, the idea of using ultrasonic sound waves to transfer money and make payments might seem a bit ridiculous, but there are a few merits to this concept. Even though this technology is still in its early stages, Paytm has come up with a solution for both merchants and consumers. Keeping financial wealth safe and secure is of the utmost importance to consumers all over the world. With financial services not being available to everyone on this planet, alternative ideas are being tossed around, and Paytm has come up with a new concept to let users transfer money through ultrasonic sound....
The man is alleged to have fleeced 2,200 victims in the U.S. and 45 other countries, netting $3.5 million via payments in bitcoin and other digital assets.