Musiccosmos

TL;DR Charity fraud is on the rise resulting in fewer donations as donors don’t want to give money to scammers and untrustworthy organizations. The charity sector needs transparency and traceability. Binance, Tron, and the UN believe blockchain is the solution. The Blockchain Charity Foundation (BCF) partnered with the United Nations Development Programme (UNDP) with TRON supporting both organizations to facilitate the efficiency of charities with blockchain tech. According to the Annual Fraud Indicator 2017 report , charity fraud has increased by £400 million ($523 million) in 12 months, totaling £2.3 billion ($3 billion) in the United Kingdom last year. This sum only includes scams where perpetrators were setting up fake charities to take advantage of people’s goodwill. But legit charities are also targeted by other crimes, such as embezzlement. These issues result in a bigger problem: fewer donations to charities as people are becoming more suspicious due to a large number ...

TL;DR JVCEA (Japan’s Virtual Currency Exchange Association) has received official recognition by the FSA. This move will allow the Association to bring new policies to regulated exchanges and sanction those that fail to comply. The decision was deemed necessary to improve the security of exchanges’ customers and prevent new hacking incidents. Around two months ago, Japan’s Virtual Currency Exchange Association ( JVCEA ) submitted a request for a license that would allow it to regulate cryptocurrency industry on its own accord. At the time, the application was sent to the FSA, this country’s financial watchdog. Japan’s Financial Services Agency (FSA) replied that it would take two months to review the application and its potential implications, and the JVCEA awaited their response ever since. Today, October 24th, it was approved , and the FSA granted self-regulatory status to the crypto industry. The move is very beneficial for the industry, and it will allow the JVCEA to bri...

TL;DR A recent conference hid Bitcoin wallets under the seats. Three lucky attendees won 0.1 BTC each. The Bitcoin was stolen from two of the three wallets, might be by someone involved in the ‘supply chain’ that made out the wallets As a conclusion, you must secure your private keys, and in case the wallet is not secured – transfer the funds to a 100% secure wallet. As we try to explain Bitcoin and how it is going to change the face of the global economy, the buzz around Blockchain technology continues to gather momentum and many conferences are held around the world. The case that we will present to you happened at a conference held in Tel Aviv last week and included a valuable lesson for holders of Bitcoin and other cryptos. Our story began on a sunny day when many of the local Blockchain industry made their way to a routine Blockchain event. While delivering the opening remarks, the conference moderator announced that an envelope was affixed to each of the participants’ ch...