Connect with us

Top Stories

Bitcoin Nonprofit BitGive Announces Research Collaboration with University of Edinburgh

Published

on

Bitcoin Nonprofit BitGive Announces Research Collaboration with University of Edinburgh

Research to focus on the effect of cryptocurrencies on the global charitable sector

BitGive, the first Bitcoin 501(c)(3) nonprofit, has announced a research collaboration with the University of Edinburgh to investigate the effect of cryptocurrencies on the global charitable sector. The goal of the collaboration is to use the research to formulate a better, more cohesive approach to leveraging cryptocurrency for charitable giving. The research will examine the opportunities and challenges of using and converting cryptocurrency within developing economies. BitGive has explored this topic in depth through the 2017 launch of GiveTrack, a blockchain-based donation platform that offers individuals the ability to trace the path of their charitable donations in real time. BitGive unveiled the research collaboration to university researchers and conference attendees at OxChain’s Blockchain and the Global South Conference in London.

Connie Gallippi, Founder of BitGive, said: “It’s been incredibly rewarding to see our GiveTrack platform gain unabating momentum since its launch in October 2017. Throughout this process, we’ve discovered numerous opportunities, as well as challenges and barriers, that have helped to shape the development of our platform and helped to define crypto-philanthropy. Using this knowledge, in tandem with the bright minds at the University of Edinburgh, BitGive will be delving into how to overcome the roadblocks to effective crypto-philanthropy and establish how cryptocurrency can best be used to uplift and revolutionise the charitable sector. This research collaboration will help organisations looking to engage in crypto-philanthropy and provide them with the guidelines they need to be successful.”

The research collaboration will examine GiveTrack’s past implementations in Indonesia, India, and Kenya to investigate the feasibility, utility, and acceptance of cryptocurrency in these regions. The team will explore how barriers such as regulation, user and merchant adoption, and the influences of local culture and government affect the use of cryptocurrency on the ground.

Dr. Claudia Pagliari, Research Partner at the University of Edinburgh, said: “As one of the first organisations to leverage the power of blockchain and cryptocurrency for charitable giving, BitGive is a true pioneer in the crypto-philanthropy sector. Through their experience of planning and delivering projects using the GiveTrack platform, Connie and her team have gained important insights into how cryptocurrency can be effectively used to support humanitarian efforts in developing countries, as well as some of the challenges involved. Through the research collaboration with BitGive, and meeting key stakeholders, we aim to learn as much as we can about the technical and contextual factors that can influence the success of these approaches, so that this knowledge can be used to inform future programmes worldwide.”

The GiveTrack platform leverages blockchain technology to provide an unprecedented level of clarity in the donation to deployment phases of allocated funds. Individuals are able to trace the path of their charitable donations on a public platform in real time, letting them see exactly how funds are spent and when they reach their final destination. Charity project results are also shared with the donor to create direct engagement.

In a related announcement, GiveTrack will also be supporting several new pilot projects, including one with education-focused nonprofit Open Mind Africa, which is now available on the platform.

For more information on GiveTrack, visit https://www.givetrack.org/.

Top Stories

Britain’s Heathrow sinks to $2.8 billion loss during pandemic

Published

on

Britain's Heathrow sinks to $2.8 billion loss during pandemic 1

LONDON (Reuters) – Britain’s Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic.

Heathrow called on the government to agree a common international travel standard to allow passengers to start flying again in the summer and to provide business tax breaks for airports to help them ride out the crisis.

The airport, west of London, is hopeful that travel markets will reopen from mid-May after a government announcement on easing lockdown on Monday.

Still Britain’s biggest airport, Heathrow last year lost its title as the busiest in Europe to Paris as its flight schedules contracted more than its rival’s.

The airport said on Wednesday that during 2020 passenger numbers shrunk 73% to 22 million people, with half of those people having travelled during January and February before COVID-19 shut down global travel.

The airport sunk to a 2 billion loss before tax on revenues which were down 62% to 1.18 billion pounds, but Heathrow said it had 3.9 billion pounds of liquidity and that could keep it going until 2023.

The airport is owned by Spain’s Ferrovial, the Qatar Investment Authority and China Investment Corp, among others.

($1 = 0.7044 pounds)

(Reporting by Sarah Young; Editing by Kate Holton and James Davey)

Continue Reading

Top Stories

Strong exports, construction boost German economy in fourth quarter

Published

on

Strong exports, construction boost German economy in fourth quarter 2

BERLIN (Reuters) – Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in the final quarter of last year, the Federal Statistics Office said on Wednesday, revising an earlier estimate.

The office, which previously had reported a 0.1% expansion on the quarter from October to December, said it also revised upward its 2020 full-year GDP figure for Europe’s largest economy to -4.9% from -5.0%.

Adjusted for calendar effects, the economy last year shrank by 5.3%, which was a much smaller contraction than many other European countries recorded, mainly due to a strong fiscal response of Chancellor Angela Merkel’s government to the COVID-19 pandemic.

The debt-financed fiscal splurge created an overall state budget deficit of 139.6 billion euros or 4.2% of gross domestic product in 2020, the office said. This was the first deficit since 2011 and the second-highest since German reunification.

(Reporting by Michael Nienaber; Editing by Maria Sheahan)

Continue Reading

Top Stories

UK’s Sunak could extend stamp duty holiday until June-end – The Times

Published

on

UK's Sunak could extend stamp duty holiday until June-end - The Times 3

(Reuters) – British finance minister Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to boost activity in the housing market as the country emerges from lockdown, The Times reported on Wednesday.

The extension to the policy, which covers sales of properties worth up to 500,000 pounds ($708,100), could cost the government 1 billion pounds, the report https://bit.ly/3sglJoS added.

Britain raised the threshold of property tax to 500,000 pounds last July from 125,000 pounds, exempting nine of 10 people buying a main home from stamp duty. The temporary cuts are set to expire in March 2021.

Sunak will use his annual budget on March 3 to move the policy to the end of June, bringing it in line with the easing of lockdown restrictions, the newspaper said.

He will also announce plans to raise corporation tax while Treasury officials are considering a 25% tax hike.

Sunak said on Tuesday that he would set out more details of job support measures at his budget next week, after official figures showed unemployment had risen to its highest since early 2016.

($1 = 0.7061 pounds)

(Reporting by Aishwarya Nair in Bengaluru, Editing by Sherry Jacob-Phillips)

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Articles

European shares strengthen, but tech stocks under pressure 4 European shares strengthen, but tech stocks under pressure 5
Trading2 mins ago

European shares strengthen, but tech stocks under pressure

LONDON (Reuters) – European shares opened generally higher on Wednesday but world shares remained in the red after a weak...

BBVA may cut 3,000 jobs in Spain, Expansion says 6 BBVA may cut 3,000 jobs in Spain, Expansion says 7
Business5 mins ago

BBVA may cut 3,000 jobs in Spain, Expansion says

MADRID (Reuters) – Spain’s BBVA is considering cutting around 3,000 jobs in its home market, or around 10% of its...

Former BOJ executive calls for 'genuine' review of central bank stimulus 8 Former BOJ executive calls for 'genuine' review of central bank stimulus 9
Banking1 hour ago

Former BOJ executive calls for ‘genuine’ review of central bank stimulus

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan must abandon the view it can influence...

Britain's Heathrow sinks to $2.8 billion loss during pandemic 10 Britain's Heathrow sinks to $2.8 billion loss during pandemic 11
Top Stories1 hour ago

Britain’s Heathrow sinks to $2.8 billion loss during pandemic

LONDON (Reuters) – Britain’s Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed...

Puma forecasts strong rebound from end of second quarter 12 Puma forecasts strong rebound from end of second quarter 13
Business1 hour ago

Puma forecasts strong rebound from end of second quarter

BERLIN (Reuters) – German sportswear company Puma said on Wednesday it expects a heavy impact on its results from lockdowns...

Vodafone's Vantage Towers announces intention to float 14 Vodafone's Vantage Towers announces intention to float 15
Business1 hour ago

Vodafone’s Vantage Towers announces intention to float

LONDON (Reuters) – Vantage Towers, the mobile infrastructure company spun out of Vodafone Group, on Wednesday announced its intention to...

Strong exports, construction boost German economy in fourth quarter 16 Strong exports, construction boost German economy in fourth quarter 17
Top Stories2 hours ago

Strong exports, construction boost German economy in fourth quarter

BERLIN (Reuters) – Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in...

Metro Bank expects defaults to rise as COVID-19 support measures fade out 18 Metro Bank expects defaults to rise as COVID-19 support measures fade out 19
Banking2 hours ago

Metro Bank expects defaults to rise as COVID-19 support measures fade out

(Reuters) – Metro Bank posted a much bigger annual loss on Wednesday and said it expects defaults to rise through...

UK's Sunak could extend stamp duty holiday until June-end - The Times 20 UK's Sunak could extend stamp duty holiday until June-end - The Times 21
Top Stories2 hours ago

UK’s Sunak could extend stamp duty holiday until June-end – The Times

(Reuters) – British finance minister Rishi Sunak is preparing to extend the stamp duty holiday by three months until the...

Smarshop-ed –Banks need to embrace whatsApp Smarshop-ed –Banks need to embrace whatsApp
Banking2 hours ago

As We Get Back to the Future of Work, Banks Must Embrace WhatsApp

By Shaun Hurst, Technical Director, Smarsh If you had told me a year ago that the world’s major financial services...

Newsletters with Secrets & Analysis. Subscribe Now