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Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’

Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.” Bristow says the world is currently “battling” on how to “position investments on the back of the unforeseen and unrealized damage of how the pandemic crisis was managed.” Mark Bristow: […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing

US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid TestingProgressive Care, a company that operates a chain of pharmacies in the United States, has announced it’s now accepting cryptocurrency for its Covid-19 rapid testing services. Customers are welcome to pay with bitcoin for the quick tests offered at its Pharmcorx locations using a dedicated QR code. Pharmacies Offer Quick Covid Tests for Bitcoin Florida-based […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

Brazilians Who Held ,000 in Crypto Last Year Must Report It on Tax Returns by End of MayTaxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

‘Crypto for COVID’: Indian neobank aims to feed those affected by pandemic

In the middle of a spike in cases, more than 4,000 people are dying in India every day as a direct result of the pandemic.

Cashaa, a crypto banking platform with physical branches across India, is launching an initiative aimed at bringing crypto enthusiasts together to provide food supplies to those most affected by the COVID-19 pandemic.

According to an announcement from Cashaa on Tuesday, the platform’s "Crypto for COVID" plan involves building a community of crypto users who will give underprivileged families in India the food they need for a month. As part of the initiative, Cashaa’s team is also providing curated ration kits intended to feed a family of four for up to two weeks.

India recently experienced its worst spike in cases and deaths caused by the pandemic. On May 6, more than 414,000 people were estimated to have tested positive for COVID-19, according to data from the Center for Systems Science and Engineering at Johns Hopkins University. While daily cases have now dropped to under 300,000, more than 4,000 people are still dying every day as a direct result of the pandemic.

In addition, Cashaa CEO and founder Kumar Gaurav claimed that more than 12,000 people are dying from hunger daily due to “the havoc wreaked by the pandemic” — seemingly caused by infected or dead family members unable to help others, increasing poverty and disruptions to the country’s transportation system, preventing the food supply chain from reaching many rural communities. An estimated 189.2 million people in India were already undernourished before the virus hit the country.

“While COVID warriors are fighting the disease, a parallel action needs to be taken to catalyse the survival of the ones dealing with the issues that come along with this pandemic,” said Gaurav. “It is impossible for one organisation, or government to serve all. Hence, there will always be a need for one more initiative to make a little more difference, for the very survival of all.”

According to Gaurav, the initiative has already helped support families in the northern India state of Rajasthan, where more than 150 deaths due to COVID-19 are recorded daily, and recently expanded to the nearby state of Uttar Pradesh and the Nepal-bordering state of Bihar. The neobank hopes to feed 100,000 families as soon as possible.

Cointelegraph reached out to Cashaa for comment but did not receive a response at the time of publication. 

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with the move. Tax Cut to Attract Cryptocurrency Traders to Hungary […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms

ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP ConfirmsFaced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. Eurozone’s Central Bank […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Hip-Hop Star Snoop Dogg Says Bitcoin ‘Here to Stay’— Lauds NFTs for Creating Direct Connection Between Artists and Fans

Hip-Hop Star Snoop Dogg Says Bitcoin ‘Here to Stay’— Lauds NFTs for Creating Direct Connection Between Artists and FansPioneering hip-hop artist and businessman, Snoop Dogg has said he believes in bitcoin, the (blockchain) technology behind the crypto asset and the global connection it creates. The celebrity adds that while he’s not “too caught up in the value of the coin,” he has been around long enough to “know it’s here to stay.” Not […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Employment Search Websites Show a Vast Amount of Jobs in the Bitcoin and Blockchain Industry

Employment Search Websites Show a Vast Amount of Jobs in the Bitcoin and Blockchain IndustryAs the crypto economy has swelled to close to $2 trillion in value globally, the businesses and operations behind it continue to expand. This means that a great number of companies are hiring and a quick look at popular online directories shows there’s a slew of jobs available. Bitcoin and Blockchain Employment Opportunities The aftermath […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Opioid Premiums, Jobseekers and Vaccines: Covid-19 Fuels Darknet Markets in a Different Way

Opioid Premiums, Jobseekers and Vaccines: Covid-19 Fuels Darknet Markets in a Different WayThe impact of the Covid-19 pandemic has found its way onto the deep web and during the last few months, researchers have found a great number of individuals turning to darknet markets (DNMs) for employment. The organization Check Point Research has recorded a rising trend of people looking for jobs on hacking forums and DNMs. […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan