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Should Bitcoin be used to help countries hit by disaster?

Japan’s Shinmoedake Volcano Erupts Violently, Grounding Dozens of Flights

A volcano in southern Japan that appeared in a James Bond film had its biggest eruption in years Tuesday, shooting smoke and ash thousands of meters (feet) into the sky and grounding dozens of flights at a nearby airport, officials said. The Meteorological Agency said the Shinmoedake volcano on Japan’s southernmost main island of Kyushu erupted violently several times, and some lava was rising inside a crater.

Public broadcaster NHK showed gray volcanic smoke billowing into the sky and orange lava rising to the mouth of the crater. The Meteorological Agency said ash and smoke shot up 2,300 meters (7,500 feet) into the sky in the volcano’s biggest explosion since 2011…


Should Bitcoin be used to help countries hit by disaster?


Cryptocurrency entrepreneurs have moved to Puerto Rico to build a crypto utopia – initially dubbed Puertopia but now named Sol – where they plan to pay little in taxes.

The crypto expats also hope to demonstrate how the city of the future will look with blockchain methods used for most transactions alongside the development of a new digital cryptocurrency.

But it’s less clear about whose future – the few or the many – will be the driving force for change on the US territory.

Puerto Rico was devastated by last year’s Hurricane Maria and, with inadequate aid from the US, it desperately needs investment to rebuild the island’s infrastructure. Puerto Rico was already facing severe financial difficulty before the calamity. It goes some way to explaining why local authorities are cautiously welcoming the arrival of cryptocurrency…

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This entry was posted on 12/03/2018 by in Uncategorized and tagged , , .



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