UNICEF, a humanitarian and development agency that aims to protect the safety and inclusion of all disadvantaged children globally through voluntary donations, is catching onto the benefits of cryptocurrency. The organization is making use of monero mining to fulfill their ; “All children have a right to survive, thrive and fulfill their potential – to the benefit of a better world.”
UNICEF Australia have developed a website called ‘,’ and given consent, utilizes which uses the CPU cycles of an average computer to mine the fungible cryptocurrency .
Once you opt-in to support the Hopepage by simply selecting start donating, you can choose the amount of computing processing power you would like to donate (between 20 and 80 percent). The percentage of power you chose will contribute toward solving cryptocurrency algorithms which mine through your assistance.
More than 2,500 individuals are donating computing power to help Rohingya refugees. (Image: Screenshot)
The Hopepage is probably the easiest and safest way to donate to a worthy cause without having to reach into your pocket. The director of fundraising and communications at UNICEF Australia, Jennifer Tierney :
“The Hopepage allows Australians to provide help and hope to vulnerable children by simply opening the page while they are online.”
“Turn The Hopepage into Your Homepage to Give Every Day”
By simply just keeping your browser on the Hopepage longer, the more money you are earning to donate to life-changing support and hope for children in Bangladesh. The Hopepage clarifies how works and provides assurance stating that “Mining is perfectly safe for your computer.”
The donation process involves three steps:
Firstly, open the homepage, give consent and select the processing power you want to contribute to the programme. Choose a higher percentage to make a more meaningful donation.
Secondly, mining cryptocurrency, “The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency.”
Thirdly, you automatically donate to UNICEF Australia and “is turned into real funds that reach children through life-saving supplies like safe water, therapeutic food, and vaccines.”
UNICEF Australia developed this creative mining platform to fund and deliver support to those children that had to leave their homes in Myanmar and are currently more than 680,000 Rohingya people residing in refugee camps in neighboring Bangladesh since August 2017.
Take the Case of Baby Kismat
A beneficiary of the project would be someone like Hazera, an 18-year-old refugee who was supported to give birth at the UNICEF birth center only days after arriving at the Rohingya refugee camp in Bangladesh.
Before the arrival of Kismat, his mother and her family had to flee their home in Myanmar as soldiers had attacked their village and they spent ten days masking their whereabouts in the forests. Under attack, threatened for her life and her unborn child, it took Hazera five days to walk across the border to arrive to safety in Cox’s Bazar, in Bangladesh. “I was in so much pain,” . “I feel safe here.”
The plight of the Rohingya has been drowned out by other injustices around the world, such as the humanitarian crises in Syria and Yemen.
The Hopepage creates much-needed awareness of the issue, which is a modern genocide with no substantial international response carried out yet to solve the problem. Reuters reported April 30 that the Rohingya have for action.
Other Philanthropic Initiatives Making Use of Crypto
The Hopepage project is not the only programme UNICEF has implemented the use of emerging blockchain technology to generate funds to support humanitarian crises.
Chainger.io, launched in February 2018, uses gamers’ GPU power to mine Ethereum to and mothers. According to , the project has raised to date a total of €1,013.54 ($1,224.03) through 12,800 contributors.
UNICEF Australia is currently using Coinhive software for humanitarian purposes, and BTCManager has previously reported on the other philanthropic uses of this software. For instance, in November 2017 we outlined how was using monero mining to help bail low-income individuals out of jail in New York state. Also, there is , which uses the proceeds from mining to buy mosquito nets and fight malaria.
However, not all use cases of Coinhive have been altruistic. For instance, BTCManager on how 500 million users had been affected and had their computing power hijacked without their consent – a growing trend known as ‘cryptojacking.’ Websites such as Salon, The Pirate Bay, and UFC have also sneakily used this software for their own gain.
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That garlic vinegary sour smell… that’s kimchi! And its pungent aroma could make you rich!
The term kimchi premium – named after a staple Korean preserved food dish – refers to the dominant trend of higher observed on South Korea’s exchanges.
While ‘s “kimchi premium” might have been gobbled up in February, the phenomena can still be observed in altcoins. Although it’s not quite as profound as the bitcoin “kimchi premium,” the spread between KRW and altcoin pairs is continuing to increase as bullish momentum returns to the market.
The divergence of cryptocurrency prices in South Korea and the rest of the world have led to the term ‘kimchi premium.’ (Image: Pixabay)
Kimchi mania tends to hit Asia as westerners sleep – sending Koreans into a fermented vegetable-fueled buying frenzy – and then spreading to the west the following morning.
The pattern has been observable in , , and more recently, . Ben Marks, CEO and Founder of Blocktrade Capital told :
“In the month of April, EOS has outperformed every other coin in the top 10 on coinmarketcap… A significant amount of the trading volume is coming from Asia, and it’s not entirely clear why. Some American coins just seem to connect with Asian traders. And once a project gains a following in Asia, the word-of-mouth buzz accelerates price movement faster than in other areas. We’ve seen this before, with Monero and Ripple.”
Accounting for roughly ten percent of bitcoin trading volumes, South Korea has for a long time been one of the larger markets for cryptocurrencies, and with strict foreign-exchange and anti-money-laundering rules, serves as a self-contained microcosm of the entire cryptocurrency space. Economists also believe the phenomena might be driven by keen national interests in and gambling.
Whatever is ultimately the reason, South Koreans tend to pay a higher price for than traders in other countries.
EOS Price Diverges in Asian Markets
The phenomenon is observable in the recent rally of , which correlated with strong trading volume in South Korea, where the token is currently trading at a premium as high as $0.38 over prices on Western exchanges, according to .
At present, the EOS price is valued at a global average of $18.25, up from $11.44 on Monday, April 23. This is a surge of more than 50 percent—the second-best performance among top ten cryptocurrencies. At its peak during late November 2017, the kimchi premium meant that bitcoin commanded 40 percent more on South Korean exchanges than on those traded by American citizens.
Potential arbitrage traders should be aware that, financial and capital controls can make the process difficult.
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, a company seeking to create a full-fledged AI-powered prediction machine to predict extremely volatile exchange rates of the cryptocurrency market successfully, has presented its MVP on April 30, 2017.
The project considers market volatility as one of the key factors preventing mass adoption of cryptocurrencies and a principal for to everyone involved in crypto.
“The volatility factor is the greatest adversary of all market participants. Our forecasts are of a very high probability rating, and therefore we will be able to give market traders a powerful tool that may reduce their losses,” Stan Maer, Cryptics co-founder.
Essentially, Cryptics is an aggregator of cryptocurrency exchange rates and community sentiments and evaluations that employs artificial intelligence and neural networks to provide a reliable forecast of the prices’ further behavior. A pilot version of the MVP is already available at the project’s website. Aside from predictions, it shows the estimated accuracy of the prediction.
“The essence of the project is developing a cryptocurrency exchange rate aggregator platform on the basis of the blockchain, neural networks, AI and NLP technologies for building predictions based on real-time data on cryptocurrency rates from all available sources,” Maer adds.
Once rolled out, the MVP will offer daily and hourly forecasts. In order to catch all the bugs, the founders ask users to extensively test the MVP so that all possible shortcomings would be dealt with once the platform goes into beta. Users will also be able to test the project’s native token QRP.
“The token is needed to ensure full transparency of transactions among platform participants and to reduce commission fees. The blockchain grants our platform full decentralization, transparency and scalability opportunities,” says Oleg Tereschenko, another co-founder of Cryptics.
The release of MVP will be shortly followed by the launch of the project’s token sale, currently expected to kick off in May. As long as the platform’s alpha version is being tested, the founders of Cryptics encourage users to contact them via or e-mail with respect to any bugs and problems found in the MVP, as well as to share their experience. The community comments will be taken into account for the beta version of the platform. In order to bring more users on board, the company has also launched a .
The founders also stress that the platform will eventually become a fully autonomous entity capable of functioning without any human involvement. Even the MVP relies only on deep learning, neural networks, and artificial intelligence, leaving human brains aside.
BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.
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