Seeks Archives -
A Pennsylvania police department’s request for volunteers to get drunk for law and order purposes generated a predictably enthusiastic response, the AP reports. The Kutztown Police Department sought three volunteers to drink hard liquor to the point of inebriation so officers could be trained how to administer field sobriety tests…
Despite being just one week old, Izabella Bowles carries great expectations upon her tiny shoulders. The baby, born on Jan. 6, will go to college when she’s older, if parents Wioletta and Peter can help it. What’s more, her future tuition fees will be paid for using what many believe to be the future of money – bitcoin.
Wanted: Donors to Support Bitcoin Baby’s College Fund
The listing in The Times looks a little different from those adjacent to it on the births, marriages and deaths page. Aside from the prominent black box delineating it, there’s the unusual title – “Bitcoin Baby” – and the string of 33 multi-case letters and numbers running across the bottom. Appearing in the same newspaper from which Satoshi famously derived his encoded genesis block headline (“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”), the ad’s placement appears to have been a knowing nod from Izabella’s parents. Just three days earlier, Bitmex used the same British newspaper to take out a double-page ad marking Bitcoin’s 10th anniversary.
While the Bowles family are not the first to attempt to solicit donations for their child’s education, their methodology is certainly novel. There are signs that their college campaign has been successful so far, with little Izabella’s BTC address having amassed 0.84 BTC from 75 transactions in the past few days. Interestingly, the address in question, 1ZAB5XeKMdvax2S8eZT7GQ6Nj4xjbsw1Y, bears more than a passing resemblance to the name of the child who will one day inherit it.
Mixed Opinions About the Bitcoin Baby’s Fund
With the average cost of a four-year British university education priced at $ 52,000, Izabella’s fund is already 7 percent of the way there. Given the difficulty associated with manually typing in a bitcoin address, the donations that have arrived so far are likely to have come from the address being shared online rather than extracted from the print edition of The Times.
On Reddit, opinion has been divided about the bitcoin baby’s college fund, with one describing the parent’s initiative as a “disguised way to beg.” Others applauded the parents’ ingenuity, but took issue with the fact that the baby’s real-world identity will be forever tied with a BTC address. Predicting how much bitcoin will be worth 18 years from now is all but impossible. If past performance is anything to go by, however, Izabella’s 0.84 BTC might already be enough to fund her college tuition in 2037.
What are your thoughts on the bitcoin baby’s college fund? Should her parents be applauded or criticized for their actions? Let us know in the comments section below.
Images courtesy of Shutterstock and Reddit.
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The post Newspaper Ad Seeks Donations for Bitcoin Baby’s College Fund appeared first on Bitcoin News.
The British Foreign Office handles serious matters—like helping to expel Russian diplomats after a poisoning on UK soil, or overseeing President Trump’s controversial 2018 visit—but also fields queries on arguably lighter subjects ranging from Britain’s available women to the plot of Braveheart to the possible danger of vampires,…
The U.S. called for an independent probe into Germany’s largest journalism scandal in years after magazine Der Spiegel said one of its star reporters had fabricated facts for years in coverage that included critical dispatches about Trump voters.
WSJ.com: What’s News Europe
The European Union will not throw British Prime Minister Theresa May a lifeline over Brexit, after she survived a bruising confidence motion triggered by members of her own party.
CNN.com – RSS Channel – World
In Tuesday’s edition of The Daily we cover stories about an electronic gift card program that Coinbase is extending to the U.S. market, new job offerings from Facebook that hint at the company’s blockchain plans, and an investment in the field from Unicef.
Coinbase Extends Wegift Partnership to the US
Coinbase has announced that its trading platform now offers e-gift cards for its customers in the U.S. This means that American users will be able to instantly spend their cryptocurrency balances from the exchange with dozens of new retailers. The development has been achieved by expanding its partnership with the London-based startup Wegift, which supports many well-known brands such as Nike, Tesco, Uber, Google Play, Ticketmaster and Zalando.
Coinbase informed its users that purchasing e-gift cards incurs no withdrawal fees and that bonuses of up to 10 percent make it “smoother than ever to use crypto. Now, you’re just a few clicks away from spending your balance on e-gifts cards for Adidas shoes or your next vacation. Better yet, use some on the holidays — you’re just in time.”
Facebook to Develop Equitable Financial Services?
At the start of 2018, Facebook founder Mark Zuckerberg set a goal for himself to take back power from centralized systems using “encryption and cryptocurrency.” While the year is nearly over and this resolution remains unfulfilled, his company appears to still be focused on the subject. Recently surfaced ads show that Facebook is looking for data scientists and software engineers to help develop new blockchain solutions, possibly including financial services.
The company explains to potential candidates that: “At Facebook, we have established a new team building blockchain technologies. It’s a small, fast-growing, but talented group of people who are passionate about changing the world. Our leadership is experienced and are some of the best people working today in their respective fields.”
“The blockchain team is a startup within Facebook, with a vision to make blockchain technology work at Facebook scale. We’re exploring areas of interest across all facets of blockchain technology. Our ultimate goal is to help billions of people with access to things they don’t have now – that could be things like equitable financial services, new ways to save, or new ways to share information.”
Unicef Invests in Six Blockchain Startups
The United Nations Children’s Fund (Unicef) has announced that it will provide backing to six blockchain startups from emerging economies trying to solve global challenges using the technology. The Unicef Innovation Fund will invest up to $ 100,000 in Atix Labs from Argentina, Onesmart and Prescrypto from Mexico, India’s Statwig, Utopixar from Tunisia and W3 Engineers from Bangladesh. The financial support is meant to help the companies deliver open-source prototypes of blockchain applications within 12 months.
“Blockchain technology is still at an early stage — and there is a great deal of experimentation, failure, and learning ahead of us as we see how, and where, we can use this technology to create a better world,” said Chris Fabian, Principal Adviser at the fund. “That’s exactly the stage when UNICEF Innovation Fund invests: when our financing, technical support, and focus on vulnerable populations can help a technology grow and mature in the most fair and equitable way possible.”
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post The Daily: Coinbase Expands Gift Card Program, Facebook Seeks Blockchain Talent appeared first on Bitcoin News.
President Trump bids farewell to George H.W. Bush days after signing a pact to replace Nafta, a trade deal established by the former president.
WSJ.com: What’s News Europe
France is moving to fill a power vacuum at car maker Renault after Chief Executive Carlos Ghosn was arrested in Japan on allegations of financial misconduct at Nissan, Renault’s Japanese partner.
WSJ.com: US Business
General Electric is seeking sales for struggling power unit, but faces a dilemma with Iraq, according to a consultant’s report prepared for the company. The nation needs multimillion-dollar gas turbines—and poses corruption problems.
WSJ.com: US Business