Australia’s Curtin Univ Accepts Bitcoin for Ph.D. Program

Australia’s Curtin Univ Accepts Bitcoin for Ph.D. Program
July 30, 2019

 

The cryptocurrency market continues to remain weak with all the major altcoins in the red. Most importantly, Bitcoin (BTC) faces heavy resistance at the $10,000 level. At the time of writing this article, Bitcoin was trading at $9,422, down 2.2% in the past 24 hours. In the past week, the most dominant crypto has lost 8.8%. Other major altcoins, which are trading in the negative zone include Bitcoin Cash (BCH-$304.37 -2.5%), Binance Coin (BNB-$26.31, -5.1%), Monero (XMR-$77.86, -3.4%), Tron (TRX-$0.0218, -3.3%), Cosmos (ATOM-$3.56, -2.4%), NEO (NEO-$11.13, -2.2%), IOTA (MIOTA-$0.2785, -2.6%), Litecoin (LTC-$89.15, -1.7%), Stellar (XLM-$0.0825, -2.4%), and Dash (DASH-$104.46, -3.4%). As usual, Huobi (HT) is doing the contrary by trading at $4.70, representing a gain of 0.8%.

 

Government level initiatives

The Croatian Post unites with Electrocoin for a crypto-fiat exchange program

The Croatian Post has collaborated with Electrocoin to conduct a pilot program in Zadar city for a crypto-fiat exchange. Established in 1999, Croatian Post Inc. is an enterprise owned by the Republic of Croatia. Croatian Post is the country’s domestic postal operator. It is stated that the trial service will allow crypto owners to convert Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP and EOS to fiat money at one of the local headquarters of the Croatian Post. To assess consumer interest in the facility, the trial of exchange carried out at three post offices located in Zadar city.

Eventually, the Croatian Post intends to extend the service across the country, including major tourist centers. Beginning July 15th, the crypto-to-cash program came into operation. Electrocoin, which is the associate of the Croatian Post has been operating their Bitcoin brokerage for five years. Electrocoin facilities are accessible across the European Union.

 

Private sector initiatives

The shopping app, Lolli, collaborates with Safeway

Lolli, a shopping app offering Bitcoin (BTC) as rewards, has joined hands with popular US grocery chain Safeway to award shoppers on all purchases, a payback of 3.5% in the form of Bitcoin. Safeway, a subsidiary of Albertsons, operates 894 locations across 17 US states.

The program will incentivize shoppers in Satoshis (sats), the lowest denomination of Bitcoin. The value of a Satoshi is one hundred millionths of one Bitcoin.

Lolli CEO & co-founder Alex Adelman opined that joining hands with “one of the most well-recognized food retailers in the United States […] will give people the ability to get involved in holding and owning Bitcoin — perhaps for the first time.”

Adelman further stated that a reward program based on Bitcoin would be the initial wave that will take Bitcoin to masses.

He also asserted that cryptocurrency acts as a better store of value in comparison with fiat currency based loyalty cards. Adelman also drew a parallel between cryptocurrency and a savings account, which will benefit long-term holders. He said, “Points, as you know, are deflationary, and Bitcoin is non-deflationary, so I think it’s a better store of value than an arbitrary points system.”

 

Oranco looking at a blockchain system for brand authentication

Oranco, a Chinese liquor wholesaler and distributor specializing in Fenjiu liquor and foreign wines, is presently exploring a blockchain system to ensure its brands are authentic. Oranco affiliate Fengyuang Huaxin Liquor Development collaborated with Guangzhou Silicon Technology (GSTC), a blockchain-centered firm, about a year earlier. The two firms decided to jointly develop a system to establish Oranco’s soft drinks as legitimate.

Supposedly, the system uses custom made laser detection of counterfeit products, together with blockchain technology as a way of tracking and certifying alcohol brands. This is supposed to happen in two phases. Initially, the task of GSTC is to assess the authenticity of some allocated item.

Second, the latest blockchain system is supposedly being used by GSTC to distribute a digital product ID on a blockchain. Oranco President Peng Yang hopes the company’s range of products will see an appreciation in value with this fresh blockchain-based guarantee: “We believe the verification capabilities of blockchain will enable us to credibly assure the origins and authenticity of our premium alcoholic beverages. This technology will assure the authenticity and further build the value of our premium products.”

 

Miscellaneous

Curtin introduces a crypto Ph.D. program and scholarship fund

Western Australia’s largest university Curtin, which has roughly 58,000 students, has introduced a cryptocurrency Ph.D. program and a Scholarship Fund that will permit enterprises and individuals to provide cryptocurrency funding to Ph.D. students concentrating on cybersecurity, blockchain, and data analytics.

The university education program, focused on cryptocurrency and blockchain, will be financed completely through Bitcoin or Ethereum, which the college representatives’ claim will assist commercialize cryptocurrencies as a settlement mode, technology.  Curtin University Associate Deputy Vice-Chancellor Research Excellence Professor Garry Allison states that the organization provides a great chance for cryptocurrency enthusiasts to promote a different breed of Ph.D. graduates who will assist in improving this unique technology.

Professor Allison elaborated how crypto investors can pay back to society: “By establishing the Cryptocurrency Ph.D. Scholarship Fund, Curtin will provide the opportunity for entrepreneurs who have realized significant benefits from cryptocurrencies such as Bitcoin and Ethereum to give something back to these communities.”

The fund enables wealthy cryptocurrency investors to fund the education expenses of students and indirectly promote the adoption of blockchain technology and even Bitcoin. Donors are also allowed to select a particular field which they are interested in sponsoring.

Disclaimer: Any financial trading analysis offered here is our opinion and is not intended as advice or direction for investors. We cannot guarantee the success of any trades made as a consequence of this article, and we encourage traders to incorporate a strong money management strategy to limit losses when they enter the markets. Please use this article as part of your own research before formulating strategies prior to trading.

Ian Maguire

Ian Maguire

Ian is our resident contributor to the latest going ons in the cryptomarket, keeping up to date with the latest icos and coins


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