Crypto, Crypto, Crypto… CEO Says ‘Crypto’ 100K Times For Homeless Charity

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[NEWS BLOG]: Crypto, Crypto, Crypto… CEO Says ‘Crypto’ 100K Times For Homeless Charity

The CEO of a digital currency exchange in the UK has set himself an incredibly bizarre challenge. People have been donating to Pete Wood of CoinBurp as he attempts to raise money for a homeless charity by saying the word “crypto” 100,000 times.

Wood is live streaming the challenge via YouTube with public addresses displayed for both Bitcoin and Ethereum donations. The proceeds of the fund raiser will be gifted to the Centrepoint – the UK’s leading youth homelessness charity.


UK Crypto Exchange Working with Homeless Charity to Promote Cryptocurrency Giving

According to the description on the YouTube live stream of the obscure fund raiser, the little-known UK crypto exchange CoinBurp will be working with the UK homeless charity Centrepoint over the course of December to raise money for those sleeping rough over the holiday season. The 100,000 “crypto” challenge is the first of a series of events the two organisations will hold together in the lead up to Christmas.

At the time of writing, Woods has been at the challenge for a total of five and a hour hours and is not even halfway done. At around the 5.5 hour mark, he had said “crypto” just over 46,000 times.

On the live stream, he looks increasingly fed up with his decision to say the word 100,000 times, occasionally entering a trance-like rhythm for a few hundred repetitions before staring longingly into the distance – no doubt thinking of literally any activity he could be spending his entire Tuesday doing instead of saying “crypto”. Face rubs, eye rolls, long breaths, and other telltale signs of an engulfing sense of ennui frequently punctuate his endless chant of “crypto, crypto, crypto”.

Unfortunately, Wood’s more than five hours of effort (that looks like it will end up being more than 12 by the time he has finished) hasn’t prompted any great outpouring of giving just yet. The Bitcoin address featured on the video has received just $90 via a total of eight transactions. Meanwhile, just $12.28 arrived at the Ethereum address. With the one percent boost that the UK-based exchange has promised to apply to any money given to Centrepoint, CoinBurp is looking at a massive donation themselves of just over one whole dollar at the time of writing. There is, however, still plenty of time for this to improve, as Wood is no doubt well aware.

The live stream is reportedly the first of a total of four events that will run during December. The exchange is yet to detail the others or whether they will involve the CEO partaking in any other mind numbingly pointless tasks. According to a blog post to CoinBurp’s website, the collaboration with Centrepoint is not only an effort to encourage people to donate to a worthy cause but to also raise the profile of cryptocurrency use and to encourage more charities to accept donations via digital assets.


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South Korean Blockchain ID Service Raises $8 Million in Series A

ICONLOOP, a South Korean blockchain startup that provides digital identification services, received its first venture capital investment through an $8 million Series A funding round, the company said.

ICONLOOP is a subsidiary of DAYLI Financial Group, one of the largest fintech companies in Asia. The financing round was led by the quasi-government agency Korea Technology Finance Corporation (KOTEC). Another six investment companies, including T.S. Investment, also backed ICONLOOP in this round.

Proceeds will be used to launch its digital identification service “my-ID” and expand a group of expected clients called my-ID Alliance, which currently consists of 27 companies.

That client group - read more.

Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs


  • Strong performances in traditional assets and a lack of new reasons to buy crypto is suppressing BTC’s price.
  • A loss of the 50-day moving average exposes the $8,000 price level.
  • The daily RSI shows that momentum slowing, which could hint at greater selling pressure in the short term.

Bitcoin (BTC) is at risk of another sell-off after its price fell beneath a key moving average on Nov. 15, as a relatively strong performance by traditional assets caught investor attention.

According to Jeff Dorman, CIO at Arca, an investment management firm dealing in digital assets, BTC’s drop in price - read more.

Bitcoin Plays With USD 9,000, While Virus Fears Weigh on Stocks

Bitcoin (BTC) is once again trading around USD 9,000, while the risk-off sentiment has hit stock markets across the globe hard in recent days.

At pixel time (10:35 UTC), BTC trades at c. USD 9,010 and is up by 4% in the past 24 hours and the past week. Earlier today, the price reached USD 9,100 before dropping to almost USD 8,900 and moving back to USD 9,000.

Also, while the U.S. S&P 500 stock index has sold off about 2.2% over the past three days, the number one cryptocurrency is up by about 8% over the same time period.

Although - read more.

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