Unicef Australia Creates In-Browser Crypto Mining Website

The Australian department of children’s charity Unicef has created a novel way to raise funds using in-browser cryptocurrency mining.

Their ‘HopePage‘ was launched today which allows visitors to opt in to digital currency mining, choosing how much processing power they want to donate to the cause.

Unicef’s HopePage Uses Computer Processing Power to Fundraise

The website allows visitors to activate and deactivate the mining process manually. It also features a slider that lets contributors select how much processing power they want to donate to mining cryptocurrency. They can choose various increments between 20% and 80%.

The funds generated from the HopePage will be used to fund projects helping Bangladeshi children get clean water, food, and much needed vaccines.

Currently, visitors are mining privacy-focused crypto coin Monero. This is because Monero doesn’t require specialist equipment to mine in the same way that Bitcoin does. Users can still successfully solve the algorithms that award new Monero coins using CPUs.

Unicef’s website stated:

“The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency.”

Australian technology publication ITNews report that the HopePage’s source code shows that the mining is being powered by AuthedMine. It’s an alternate version of the CoinHive API that was launched in September 2017. The AuthedMine version of the software includes all the opt-in functionality that makes it suitable for fundraising for such charitable causes.

Like the original CoinHive API, the AuthedMine version might still be blocked by some anti-malware tools. Unicef have advised visitors to the HopePage to disable their ad blocking software if they want to participate. Tony Andres Tang, the digital engagement and content manager for Unicef Australia, explained this to ITNews in a statement:

“Some ad blockers do disable the script, however we ask that people that seek to donate disable this for our website.”

At the time of writing, the HopePage showed that around 2,600 visitors to the site were currently using their processors to donate to the cause.

Browser-based mining is nothing new, however it’s usually done without the knowledge of the visitor. When the user isn’t informed of the use of digital currency mining APIs, the practice is known as cryptojacking. Cryptojacking was named as one of the biggest trends in cyber crime according to a Symantec report published earlier this year. Following this, digital security specialists at Avast recently demonstrated the risks that such malicious mining can pose to internet users at the RSA 2018 conference.

Image from Shutterstock.

The post Unicef Australia Creates In-Browser Crypto Mining Website appeared first on NewsBTC.


Source: newsbtc
Unicef Australia Creates In-Browser Crypto Mining Website

Ethereum [ETH] Foundation developer unveils a proposal for a smart contract insurance pool

Alex Van de Sande, a developer who is team lead for the Mist Browser at Ethereum Foundation has unveiled a proposal for an insurance pool that he believes will mitigate the risk of network splits stemming from a desire to recover funds frozen due to code faults in smart contracts. Van de Sande wrote in a blog […]
Source: bitcoinwarrior
Ethereum [ETH] Foundation developer unveils a proposal for a smart contract insurance pool

UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

UNICEF Australia is using Coinhive — a crypto-mining service — to extract cryptocurrency through visitors’ computers and fund its ongoing mission in Bangladesh. The UN branch has long worked to provide humanitarian relief for both children and their mothers in developing nations. The organization has now created what representatives call the “Hope Page,” which allows users to donate through cryptocurrency.

UNICEF’s Director of Fundraising and Communications Jennifer Tierney explained, “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise new funds to support children caught up in them. The Hope Page allows Australians to provide help and hope to vulnerable children by simply opening the page when they are online.”

Coinhive’s partnership with UNICEF could help to foster a more positive image for the software. Up until this point, Coinhive has widely been associated with a process known as “cryptojacking,” in which the computer processing power of individuals visiting certain sites is used to mine Monero without their knowledge or permission. In the past, Coinhive has targeted everything from government websites to even Google and YouTube users. As a result, Coinhive has been listed amongst the largest threats to web security.

In this case, UNICEF is using the software’s opt-in method to ensure visitors are aware of the organization’s intentions. While searching the Hope Page, web browsers use computer processors to solve cryptocurrency algorithms. Those examining the site can choose how much power (typically between 20 and 80 percent) they wish to donate to the task.

The website explains that the mining process is completely safe and offers the following instructional message:

“The longer you stay on the page and the more processor power you donate, the more algorithms get solved, which earns cryptocurrency … If you’re ever worried about power consumption, simply turn down the amount of processing power you’re donating. The cryptocurrency is automatically donated to UNICEF Australia and is turned into real funds that reach children through life-saving supplies like safe water, therapeutic food and vaccines. Turn the Hope Page into your homepage to give every day.”

Mining efforts will be used to fund the current Rohingya crisis. Several children and families that have fled their homes in Myanmar to escape military-led violence are now living in refugee camps in the neighboring country of Bangladesh and require certain necessities while they await placement.

Though part of the United Nations Children’s Fund, UNICEF is not actually funded by UN efforts. Instead, it garners financial assistance through voluntary donations.

Visitors of the Hope Page are told that cryptocurrency mining isn’t free and may lead to further costs down the line. High amounts of electricity are used during the mining process, which may lead to higher energy bills for any donating individuals. In addition, the process is not tax deductible, and visitors are advised to consider cash or credit card donations prior to giving their mining consent.

This is not the first time UNICEF has used cryptocurrency to fund its global labors. In February, the organization launched Chaingers.io to raise funds for children of the Syrian civil war. At the time, the site was using the cryptocurrency mining software Claymore to extract ether through visitors’ computers.

This article originally appeared on Bitcoin Magazine.


Source: bitcoinmagazine
UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

Malta is the New Leader in Global Cryptocurrency Trading Volume

Cryptocurrency trades surge in Malta, making the tiny nation a predominant leader in the field, surpassing countries like Japan, Korea, China, and the USA. A research carried out by Morgan Stanely also shows that Belize is second to the lead.


Malta, the New Leader in Crypto Trading Volume

The winds of change are blowing strong as Malta becomes the global leader in terms of cryptocurrency trading volume. In a research factoring the legal location of exchange, Morgan Stanely reveals that the small nation has established itself not only as a leader but as an obvious preference for crypto trading.

The country surpasses large players as Japan, Korea, China, the US, and Belize dramatically, leaving no room for arguments.

The Tides are Turning

Malta has become a strong advocate for the crypto community, openly welcoming companies in the field to host their operations within its borders. It seems that it’s that proactive, positive approach that has managed to turn the tiny nation into the most prominent player in the field when it comes to cryptocurrency trading volumes.

A research conducted by Investment Bank Morgan Stanely reveals that the company has not only topped but it’s in a serious lead ahead of former leaders such as China and the US. As a matter of fact, the research reveals a definitive change of heart in the field, as Belize takes the second place right behind Malta.

A Key Factor to be Considered

Morgan Stanley has based its research on the trading volume flowing through the exchanges which are registered in the respective countries. However, it’s also mentioned that the research holds that Malta hosts Binance, while Belize hosts OKEx.

Even though Binance is technically still registered in Hong Kong, it has already announced that it’s officially moving to Malta. OKEx, which is currently the third largest exchange, has also expressed its plans to do the same.

Binance said that it was moving away from Asia (currently registered in Hong Kong) due to more stringent regulation, especially from Japan. The third-largest exchange, OKEx, also recently announced that it was opening an office in Malta as the government markets itself as “Blockchain Island.” – Morgan Stanley analyst Sheena Shah says.

It’s also worth noting that “Malta would be much further down the list” according to Shah, if it wasn’t for Binance. However, Malta is continuing with its pro-crypto approach, which suggests that more companies are likely to follow.

By means of trading volume, Hong Kong occupies the 7th place, after the British Virgin Islands, Korea, and the US, leaving the top spots for Belize and Malta.

Another Look

Morgan Stanley also reveals another interesting statistic which shows the number of cryptocurrency exchanges registered in each country.

Morgan Stanley Opens to Bitcoin Futures Contracts

UK heads the chart with over 20 exchanges registered there. However, the country accounts for about 1% of the total trading volume. Hong Kong is second on the list, with 15 exchanges being registered there.

Where’s Malta? Well, it’s not even on that chart. This goes to further attest to the huge progress Malta has done in the field in the last few months.

The reasons for this are more than obvious – regulations. While countries such as the US, India, and China are tightening the regulatory frameworks in a rather restrictive manner, other such as Malta, Gibraltar, and Switzerland are doing so by adopting rather stimulating policies.

Do you think Malta will continue leading the cryptocurrency trading market? Please let us know in the comments below!


Images courtesy of Pixabay; Bitcoinist Archives

The post Malta is the New Leader in Global Cryptocurrency Trading Volume appeared first on Bitcoinist.com.


Source: bitcoinist
Malta is the New Leader in Global Cryptocurrency Trading Volume

trade.io Opens Pre-Registration To One Of The Crypto Industry’s Most Rewarding Affiliate Programs

Thursday, 26th April 2018, Lugano Switzerland, trade.io has announced that pre-registration has now opened to digital marketeers who will refer online traffic to the company websites via this webpage: https://somethingbigiscoming.io.


With this launch, affiliates worldwide will be equipped with the tools to be compensated for any traffic referred trade.io, and most notably for any sign-ups to the company’s highly anticipated flagship product: the trade.io Exchange.  Until the exchange is fully launched, affiliates can still direct traffic to the company, and compensation will be processed for any qualified referrals upon launch of the exchange*.

The trade.io affiliate program rewards registrants with up to 50% of any funds generated by their referrals by trading on the trade.io exchange.

A full funnel has been put in place for prospective affiliates, including a library of digital marketing resources that can be used to facilitate the process of referring online traffic. This includes but is not limited to: Attractive digital banners | Email templates | Sample social media posts | Educational and promotional videos, all available after sign up.

As of writing this PR, the company is unaware of any other competitors in the crypto space who offer a plethora of professional and readily available resources to its affiliate base.

CEO of trade.io Jim Preissler commented:

We understand that trade.io shares the digital space with online marketeers with many years of experience, and who seek a mutually beneficial relationship with a company such as ours who has a) a strong online presence and b) experience with affiliates of the financial industry.  Affiliates worldwide are searching for lucrative opportunities to expand their business, and we’re now proud to be able to offer them one of the most rewarding affiliate programs in the industry.

Incentivising affiliates to sign up, the company is also launching two promotions specifically targeted at the affiliate audience.  1) A weekly lead generation contest offering exclusive prizes to pre-registered affiliates. 2) A 400,000 Trade Token (TIO) giveaway, of which there will be 85 winners. More information can be found at https://somethingbigiscoming.io/

About trade.io

trade.io is a next-generation financial institution based on blockchain technology, providing the ultimate in security and transparency. By leveraging decades of experience in the investment banking, trading & FinTech sectors, and combining them with the power and transparency of the distributed ledger, trade.io has created a truly unique product that will revolutionize asset trading and investment banking.

Find out more by visiting https://trade.io

Contact: [email protected]


Images courtesy of trade.io

The post trade.io Opens Pre-Registration To One Of The Crypto Industry’s Most Rewarding Affiliate Programs appeared first on Bitcoinist.com.


Source: bitcoinist
trade.io Opens Pre-Registration To One Of The Crypto Industry’s Most Rewarding Affiliate Programs

Morgan Stanley rates countries based on cryptocurrency trading volumes

Morgan Stanley, the U.S. based Financial Services Company has gained great recognition in its research based on Investment Business. They have been advising governments and various institutions about managing trade, distributing capital and many other business-related concepts for the development of these firms. Morgan Stanley on 29th April 2018, released a research conducted on the online cryptocurrency […]
Source: bitcoinwarrior
Morgan Stanley rates countries based on cryptocurrency trading volumes

Want to Learn More About Bitcoin Mining? There’s a New Summit for That

Want to Learn More About Mining? There’s a New Summit for That

For Emma Todd, it was a 2017 conference that transformed her newfound interest in cryptocurrencies and blockchain into a passion. As she learned more, she had an epiphany: more people needed to better understand the esoteric world of cryptomining. Not one to be a flaneur, she is now harnessing this opportunity.

On May 18, 2018, Todd will launch the inaugural ADI Cryptocurrency Mining Summit (ADI stands for Advanced Digital Innovation) as a part of Blockchain Week NYC. This comes on the heels of the first ADI Summit which was held in September 2017 in Vancouver, B.C.

The mission of the ADI Cryptocurrency Mining Conference is to introduce new ideas, technologies and techniques around cryptocurrency mining. In addition to an investor panel, there will be discussion forums around security, compliance and legal issues; all critical elements for any successful mining operation. Finally, a hands-on workshop will explain the differences between industrial mining operations and hobby-mining systems, while demonstrating how users can set up their own home-mining rigs.

A number of well-known speakers in the industry will be presenting at the conference, including Samson Mow, CSO of Blockstream; Andrew Kiguel, president and CEO of Hut 8 Mining; Steve Schaeffer, president of MGT Crypto Capital Assets; Tim Bukher, a lawyer and partner at Thompson Bukher LLP; and Amber Scott, founder of Outlier Solutions.

Todd, who comes from a marketing and event planning background, told Bitcoin Magazine that she’s excited about the opportunity to address a largely unmet need by hosting a cryptomining conference.

According to Todd, what sparked the decision to have the conference were the endless questions she was receiving from so many people about mining. “Honestly, I had similar questions. So I started to look for conferences and couldn’t find any.”

Furthermore, Todd has recently witnessed a growing trend among Chinese mining companies that are wanting to come to North America because of increased regulations at home. “They’re asking, ‘Is there anything you can do to help us out?’”

She is hoping the conference will be of value to both the industrial mining sector as well as individual hobby miners. “We anticipate that many attendees will be interested in just the basics of how they can mine. Unfortunately, this is often harder for those without an engineering background. We are going to show people how to navigate this space, including how set up a mining rig. At the end of the day, we are going to show people the best path to mining.”

Besides these hands-on discussions, there will be attention given to some of the broader developments occurring in the mining arena. “By way of example, mining companies have been flocking to Quebec which has caused this Canadian province to put the brakes on due to potential energy and environmental factors. The good news here, given the fluidity of the crypto and blockchain space, is that someone is probably already out there thinking about this issue of greater (mining) energy efficiency.”

For Todd, one of her greatest goals for this conference is for it to engender discussion and allow people to ask questions. “The hope is that people will walk away having discovered things they didn’t know about, wanting to do a bit more investigation. Most importantly, I’d love to see people who are brand new to mining leave with all the tools they need to set a mining operation up for themself.”

She concludes: “To me, knowledge is power. So if we can offer people, the average individual, a chance to learn more about mining so that they can mine for themselves or invest in an operation, than I will absolutely be thrilled to have achieved my goal.”

This article originally appeared on Bitcoin Magazine.


Source: bitcoinmagazine
Want to Learn More About Bitcoin Mining? There’s a New Summit for That