When commenting on Banca Generali’s new move to embrace Bitcoin, CEO Gian Maria Mossa explains that “The growth of bitcoin has drawn more attention to . 2 days ago · Bitcoin has been flirting with the $30, mark for weeks, and finally passed that record-setting level Saturday. The virtual currency is now valued at above $33,, an all-time high. Bitcoin . Cryptocurrencies like-minded Maria bustillos Bitcoin have pretty large indefinite amount been a. Maria bustillos Bitcoin can be used to pay for things electronically, if both parties area unit willing. atomic number 49 that sense it’s like conventional dollars, euros or yen, which terminate also be traded digitally using ledgers owned by centralized banks. different payment services such.
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Yet even as bitcoin is becoming mainstream, the currency is still commonly used by fraudsters, giving it negative attention. Last July, hackers took over Twitter accounts belonging to Elon Musk, Bill Gates and Barack Obama in an apparent effort to earn income by scamming people out of bitcoin.
Decentralization has made cryptocurrency a favorite for scammers, even as it appeals to technologists and investors alike. You must be logged in to post a comment.
Maria had never touched crypto before, but the team behind the fund taught her how to install a mobile crypto wallet. With the grant, she bought a new laptop to get a new job in IT. The rest of the money was enough to pay for several months of rent and food, so that Maria could get by until she got a new job, she said.
Maria was one of several dozen people who discovered bitcoin in Belarus thanks to BYSOL, a nonprofit fund started by a group of tech entrepreneurs and civic activists this August.
BYSOL chose bitcoin as a way to transfer funds as other ways are under the total control of the government, Russian-language publication Forklog reported. The regime is strictly monitoring bank transfers and can freeze funds related to protest activities.
Belarus law enforcement is paying particular attention to any money transfers by people and entities related to BYSOL, Likhachevskiy said. Likhachevskiy said he was once a crypto skeptic, but now he believes bitcoin can really be helpful. BYSOL says it is raising most of its funds via donations through Facebook, with some money also coming via PayPal, transfers to a Revolut bank account and bitcoin and ethereum wallets.
They need to attach documents to confirm this, such as contract termination notices that are issued in Belarus when people get fired.
Then the applicants share their bitcoin addresses, receive bitcoin and swap it for fiat right in the app, receiving money on their debit cards. Normally, fiat gateways can be monitored by authorities, but Trustee Wallet business development director Viktor Manin told CoinDesk that when people sell their crypto in the app, they do it in a peer-to-peer fashion, so there is no centralized bank account in Belarus that can be blocked by the authorities.
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