poverty – DIGIT INFO

How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

DIGIT — Mon, 21 Oct 2024 02:30:14 +0000

Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […]

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Matt Damon reveals why he appeared in Crypto.com’s most infamous ad

DIGIT — Thu, 30 Mar 2023 05:44:41 +0000

The Hollywood icon was relentlessly mocked for appearing in the ad in 2021, which was released just before the crypto markets plummeted.

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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

DIGIT — Wed, 11 Jan 2023 05:30:55 +0000

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. […]

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What is regenerative finance (ReFi) and how can it impact NFTs and Web3?

DIGIT — Fri, 30 Sep 2022 21:00:00 +0000

NFT Steez chats with Celo ecosystem lead Mashiat Mutmainnah about the promise of ReFi and its capacity to promote environmental and social good.

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Crypto’s Sanction-Slipping Power: Why Bitcoin’s Neutrality Is Its Greatest Humanitarian Asset

DIGIT — Fri, 04 Mar 2022 10:30:52 +0000

Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being […]

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Relief Payments Coming? 80 Legislators Press Biden Administration for a Fourth Round of Stimulus

DIGIT — Tue, 01 Jun 2021 12:30:26 +0000

Rumors of a fourth and possible fifth round of direct stimulus checks have become a hot conversation topic this week, as lawmakers are urging the President to act. Over 80 U.S. legislators have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to push forward direct economic stimulus payments and […]

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Grassroots Bitcoin Cash House Movement Expands to Ghana

DIGIT — Sat, 04 Jan 2020 08:06:39 +0000

With one Bitcoin Cash House now established in Venezuela, the grassroots movement is independently spreading to other locations. Read.cash user ‘Koush’ has announced that the new BCH House Ghana has secured and paid for its location and will launch sometime this month. The independent movement to establish informational centers for those interested in peer-to-peer electronic […]

The post Grassroots Bitcoin Cash House Movement Expands to Ghana appeared first on Bitcoin News.

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The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

DIGIT — Thu, 10 Jan 2019 20:00:13 +0000

How cryptocurrency can help the unbanked has been a hot topic over the past 12 months. It is a laudable goal, but one that it is by no means easy to accomplish. One tech enthusiast and stablecoin startup employee, Steven Gilbert, experienced the struggles – and successes – of attempting to do so when he […]

The post The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia appeared first on Bitcoin News.

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Cryptocurrency Infused Islamic Microfinance Fund Launches in Central Java

DIGIT — Wed, 25 Apr 2018 00:20:21 +0000

This week the firm Blossom Finance announced the open enrollment for an Islamic microfinance fund that will accept multiple cryptocurrencies such as BCH, ETH, and BTC. Investors will focus on socially responsible opportunities, and receive profit sharing from Blossom’s network of microfinance partners in the province of Central Java, Indonesia through a partnership with the […]

The post Cryptocurrency Infused Islamic Microfinance Fund Launches in Central Java appeared first on Bitcoin News.

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