Connect with us

News

Blockchain Startup and Swiss NGO Partners To Help African Children

Published

on

A blockchain startup has come up with the unique idea of helping African children gain access to education, food and healthcare. KryptoPal a blockchain platform, that can allow different application perform various cryptocurrency transactions and integrate to the platform.  KryptoPal is partnering with a Swiss non-governmental organization, Help2kids to help children in Africa.

Help2kids has the objective of providing basic amenities to children who are vulnerable in countries like Tanzania and Malawi. The organisation already had several projects of various degrees in operation in Lifuwu, a small village in Malawi and in Tanzania’s largest city, Dar es Salaam. The partnership is creating an opportunity to fuse charity and the blockchain technology.  KryptoPal will set up a public key and obtain know your customer (KYC) information for each Help2kids project as well as integrate its software development kit (SDK) into Help2kid’s website. This will enable the charity accept donations in cryptocurrency.

Help2kids already has a project in Malawi, where they provide support to a government primary school, a nursery and day care program, and a medical center. They also teach adults in Tanzania English classes, run a children’s home and a nursery/primary school.
Venkat Nallapati, Founder and CEO of KryptoPal explains, “We’re very excited about this year-long pilot program that we will be conducting with help2kids because not only will it enable people across the world to donate and improve the lives of children in Africa, but by also using cryptocurrency the flow of the financial transactions is transparent until the actual usage of the funds on site in Africa.” He further explained their goals, “We hope to offer Help2kids a framework to accept cryptocurrencies that will pave the way for other large international charities to follow.”

The partnership is providing ease into charities. Harriet Smith, an on-the-ground Field Manager for Help2kids in Dar es Salaam explains, “Every child should have a fair opportunity to education and we want them to focus on learning without facing obstacles like hunger and illness.”

 

What do you think about the partnership between Help2kids and KryptoPal? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

Spread the news

I am a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this wonderful technology in the simplest language possible.

Advertisement
Comments

News

New Samsung S20 to Support Cryptocurrency like the S10 Smartphone

Published

on

The Samsung’s new galaxy S20 is the new generation device that was unveiled by Samsung at their event. The device would have 5G technology, crazy cameras- “one that will change photography” according to samsung  and it will have crypto storage.

It will have a special feature which is a secure processor that put in place for the protection of personal information such as the private key, pattern, and passwords among others. This was announced at Samsung’s unpacked event on 11th February.

However, the degree at which Samsung advertised and publicized cryptocurrency support in their last range of devices like the S10s was not the same with the galaxy S20.

They only made mention of the secure processor. They didn’t give information as regards the coin that would be supported by the device, new coins and apps that would access the crypto support.

The previous devices (S10) contained a security system like an enclave kept in the phone’s security knox for keeping private keys. The Samsung’s blockchain keystore app is connected to it.

It enables people see their balances in crypto and even to send money from one end to another.  So, there is probability that samsung might continue with this system.

Having the control of your digital assets from your mobile device and being able to send from one end to another without itch would increase adoption. Again, Samsung is a recognised and popular brand.

Enabling crypto support on their devices will surely increase the adoption of cryptocurrencies because they advertised to a wide range of end users who might be hearing about it for the first time and adopt crypto on the long run.

Spread the news
Continue Reading

News

Justin Sun & Tron Foundation Sued owing to Bad Working Condition, Discrimination & Assault

Published

on

The founder of Tron Justin Sun and the Tron foundation has been sued by former employees for workplace aggression.

The lawsuit which was filed by last year in a 70 page document in the state of California by Richard Hall and Lukasz Juraszek revealed they have been victims of aggressive and hostile working environment.

The ex-employees are suing for $15 million in damages and government actions against claims of labour violations on the grounds of wrongful termination, discrimination, emotional distress and hostile work environment.

In the lawsuit, the plaintiff expressed undue pressure to deliver by fast-tracking the BitTorrent Software releases.

Lukasz Juraszek also claimed CEO of Tron, Justin Sun physically assaulted the Head of engineering however, there was apology issued for the assault.

Same Head of Engineering was also seen according to Lukasz Juraszek to have also hit a manager whom the former is known to always launch attacks at.

The 70-page document also showed some ethical issues with the management of the organization, specifically on the issue of copyright infringement.

Based on the report of the Court document, Richard Hall said he flagged some risk of third parties hosting copyright-infringement and child pornographic contents but CEO of Tron, gave little to no ears about the issue.

Lukasz Juraszek also claimed the manager physically assaulted by the Head of engineering, Cong Li told him that Cong Li appears to “hold him to impossibly high engineering standards”.

Not long after, he was kicked out of the company for reporting observation to human resources. According to the lawsuit, Lukasz Juraszek said after he was kicked out, an unknown user accessed his work computer from another location and his emails disappeared.

Richard Hall on the other hand, claimed Cong Li threatened him to deter him from recording their conversation, according to the lawsuit, the following words were used “if you go tighter with me, I will go tighter with you”, he also said “things will end badly for you”, “I cannot protect you” according to the lawsuit.

The plaintiffs also claimed Chinese nationals came from Mainland to replace both of them and other local nationals.

And these Chinese workers also behaved less responsible towards local laws and this gave Justin Sun upper hand in enforcing unfavourable work timetable.

Justin Sun has been involved in several controversy over the life of his company starting from the plagiarism of the Tron Blockchain white paper and codes, to his involvement in pump and dump schemes as well as the postponement of his lunch with Warren Buffet.

The former employees are suing for $15 million.

Spread the news
Continue Reading

News

Gaius Chibueze A.K.A Bitcoin Chief Ranked  Amongst Top 2019 Crypto Traders on Binance

Published

on

Gaius Chibueze aka Bitcoin Chief

Nigerian National and celebrity bitcoin advocate Gaius Chibueze popularly  known Bitcoin Chief was  ranked amongst the top cryptocurrency traders in 2019 according to Binance traders rankings. 

The rank which was posted by the vocal Bitcoin advocate and founder of AbitNetwork on instagram showed he ranked above 97.00% of other traders on Binance. 

According to the same screenshot shared via his Instagram handle, the total volume of trades entered all through the year was 100% Spot Trade. 

This meant Gaius Chibueze didn’t utilize the futures or margin trading platforms owned by the leading cryptocurrency exchange. 

Another screenshot also shared by Mr. Gaius Chibueze also puts him at a total completed trade of 894 of which he only accessed his account 35 times all through the year 2019.

As one of the earliest Bitcoin investor in Africa, Bitcoin Chief as he is popularly known by many has over the years exploited his skills in training and exposing people all over the world, helping them to be self sufficient in the world of crypto trading. He continues to groom people while being vocal against fraudulent schemes which portray a false representation of what crypto is about.

The rise of Tatcoin 

The founder of ABiTnetwork, Gaius Chibueze, author of several books and tutor to thousands of people all over the globe in late 2019, through his company ABiT Network launched the ERC-20 Token, TATCOIN. TATCOIN is a utility token which is poised to be the next big thing

Speaking on the reason for TATCOIN, CEO ABiTnetwork Mr. Gaius Chibueze said “at ABiTnetwork, we are always looking for smart solutions to prevailing issues in the economy,” In recognition of these issues in Africa, ABiTnetwork has leveraged on blockchain technology to provide solutions amongst which is the new cryptocurrency called the TATCOIN.”

Tatcoin will be utilized as the official transactional currency of the ABiT Network ecosystem. It will also be traded on cryptocurrency exchanges. 

The token will serve to simplify payment processes for goods and services on the ABiT Network. It will be available to all users of the ABiT suite of products. Though it’s understandable that its utility may extend even beyond the ABIT suites of products. 

Users using the token for payments on ABiT will also be entitled to discounts on purchases. 

Token Sale for Tatcoin is currently ongoing ABiTnetwork. Accepted cryptocurrency for purchase of Tatcoin are Bitcoin, Ethereum, Binance Coin (BNB) and EOS.

Spread the news
Continue Reading

News

Over 4000 Complaints filed against Dunamiscoin, Directors to Appear before Court on Jan. 22

Published

on

Over 4000 complaints has been filed against the organization  since the collapse of the money making scheme last December according to a report by the State Prosecutor. Directors of Dunamiscoins Resources limited is to appear before the court on the 22nd of January.

According to local media, the Observer, The Directors of the organization Mary Nabunya and Samson Lwanga were charged with 65 counts for obtaining money under false pretenses on appearance before the Court on Monday the 6th, January, 2020.

The Directors were accused of operating a fraudulent scheme which resulted in the loss of investment of hundreds of persons. The 65 counts  related to obtaining money by false pretense and conspiracy to commit felony was read to the accused by Senior Grade One Magistrate Roselyn Nsenge 

Based on report from Observer, the Prosecutor told the court that between the period of February 14th and December 3, 2019 at the New Taxi Park in Kampala district, the two accused directors conspired to commit felony by obtaining money under false pretenses, an act that is against the Penal Code Act. 

The accused obtained fraudulently over $2.5million from unsuspecting victims with the promise to provide return on investment of 30% at in 21days. 

The suspects have pleaded not guilty to the charges brought against them they are to be remanded in Luzira prison till the next court day, 22nd January, 2020.

The suspects were arrested and have been in custody since the 10th of December after the collapse of the platform. Prior to the collapse of the money making sham, the organization grew in size such that it was able to set up shops in several places including Kampala, Masaka and Mbale.

Haruna Asiimwe, the lead complainant in an interview said victims were duped by the organization’s officials into investing money with the promise of earning a 30% interest in three weeks.  According to him, it came as a surprise when the company ended its operations on the 3rd of December. 

However, the firm according to a statement from Uganda Police in 2019 revealed through its Directors that they are willing to refund the money but their major accounts in Centenary bank, Stanbic bank and GTBank are frozen by the authorities. 

 

Spread the news
Continue Reading

Find Us

Address: 7 Kafi Street, Beside City Mall, Shoprite, Alausa, Ikeja, Lagos.

Hours: Monday—Friday: 9:00am–5:00pm

Contact: +234 817 866 6900

Trending

Copyright © 2019 Cryptoptvplus. Powered by Ma media