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Building community resilience to crises through mutual aid and Web3

It seems that every time one turns on the TV, something, somewhere, is going catastrophically wrong. Whether it be Hurricane Ian tearing through Cuba and Florida, war raging in Eastern Europe, or floods devastating Pakistan, there has been no shortage of crises in 2022 — both natural and human-caused. 

And as the climate continues to warm, extreme weather events and other natural disasters are only expected to occur more frequently, which may also potentially lead to greater overall regional and global instability. In response, some groups working to build decentralized community resilience are now turning to blockchain and Web3 tools to help strengthen their initiatives.

The United States experienced one of its worst natural disasters in modern history when the Category 5 Hurricane Katrina slammed into the New Orleans area on Aug. 29, 2005. The morning prior, the National Weather Service had issued an ominous warning to the residents of the city and the surrounding area:

“MOST OF THE AREA WILL BE UNINHABITABLE FOR WEEKS…PERHAPS LONGER. […] POWER OUTAGES WILL LAST FOR WEEKS…AS MOST POWER POLES WILL BE DOWN AND TRANSFORMERS DESTROYED. WATER SHORTAGES WILL MAKE HUMAN SUFFERING INCREDIBLE BY MODERN STANDARDS.

Unfortunately, the bulletin proved to be accurate. Thousands of people lost their lives, and millions were left homeless after the city’s outdated, flawed levee system was overwhelmed by flood waters.


Building community resilience to crises through mutual aid and Web3

It seems that every time one turns on the TV, something, somewhere, is going catastrophically wrong. Whether it be Hurricane Ian tearing through Cuba and Florida, war raging in Eastern Europe, or floods devastating Pakistan, there has been no shortage of crises in 2022 — both natural and human-caused. 

And as the climate continues to warm, extreme weather events and other natural disasters are only expected to occur more frequently, which may also potentially lead to greater overall regional and global instability. In response, some groups working to build decentralized community resilience are now turning to blockchain and Web3 tools to help strengthen their initiatives.

The United States experienced one of its worst natural disasters in modern history when the Category 5 Hurricane Katrina slammed into the New Orleans area on Aug. 29, 2005. The morning prior, the National Weather Service had issued an ominous warning to the residents of the city and the surrounding area:

“MOST OF THE AREA WILL BE UNINHABITABLE FOR WEEKS…PERHAPS LONGER. […] POWER OUTAGES WILL LAST FOR WEEKS…AS MOST POWER POLES WILL BE DOWN AND TRANSFORMERS DESTROYED. WATER SHORTAGES WILL MAKE HUMAN SUFFERING INCREDIBLE BY MODERN STANDARDS.

Unfortunately, the bulletin proved to be accurate. Thousands of people lost their lives, and millions were left homeless after the city’s outdated, flawed levee system was overwhelmed by flood waters.


Dogecoin price jumps 40% on Elon Musk, Twitter's crypto wallet rumors

Dogecoin’s (DOGE) price rallied to its best levels in two months as traders assessed Twitter’s potential to create a cryptocurrency wallet product.

Elon Musk fuels Dogecoin rally again

DOGE’s price jumped to $0.081 on Oct. 27. The price gained roughly 40% two days after Jane Manchun Wong, a popular tech blogger, claimed that Twitter is working on a wallet prototype that supports cryptocurrency deposits and withdrawals.

DOGE/USD daily price chart. Source: TradingView

Elon Musk is the thread that connects Dogecoin and Twitter. Earlier this year, the Tesla and SpaceX CEO won the bid to purchase Twitter for $44 billion. Later, on April 11, he flirted with the idea of adding Dogecoin as a payment method for the Twitter Blue subscription service.

DOGE’s price grew 30% to $0.17 in 10 days after Musk’s pro-crypto suggestion to the Twitter board. But the memetoken fell drastically afterward, reaching as low as $0.05 in June as Musk attempted to back away from the deal, citing his concerns over Twitter’s user figures.

Twitter sued Musk in response, eventually prompting the court to rule in its favor. Chancellor Kathaleen McCormick, the judge overseeing the legal battle, denied attempts by Musk to postpone the trial, noting that the deal should close by 5 pm ET on Oct. 28.


Dogecoin price jumps 40% on Elon Musk, Twitter’s crypto wallet rumors

Dogecoin’s (DOGE) price rallied to its best levels in two months as traders assessed Twitter’s potential to create a cryptocurrency wallet product.

Elon Musk fuels Dogecoin rally again

DOGE’s price jumped to $0.081 on Oct. 27. The price gained roughly 40% two days after Jane Manchun Wong, a popular tech blogger, claimed that Twitter is working on a wallet prototype that supports cryptocurrency deposits and withdrawals.

DOGE/USD daily price chart. Source: TradingView

Elon Musk is the thread that connects Dogecoin and Twitter. Earlier this year, the Tesla and SpaceX CEO won the bid to purchase Twitter for $44 billion. Later, on April 11, he flirted with the idea of adding Dogecoin as a payment method for the Twitter Blue subscription service.

DOGE’s price grew 30% to $0.17 in 10 days after Musk’s pro-crypto suggestion to the Twitter board. But the memetoken fell drastically afterward, reaching as low as $0.05 in June as Musk attempted to back away from the deal, citing his concerns over Twitter’s user figures.

Twitter sued Musk in response, eventually prompting the court to rule in its favor. Chancellor Kathaleen McCormick, the judge overseeing the legal battle, denied attempts by Musk to postpone the trial, noting that the deal should close by 5 pm ET on Oct. 28.


Does the IMF have a vendetta against cryptocurrencies?

Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?

Does the IMF have a vendetta against cryptocurrencies?

Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?

A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance

Some serious withdrawals are occurring on the world’s biggest crypto exchange by volume.

A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance

Bitcoin (BTC) has seen record buying activity as BTC/USD returns to six-week highs.

The latest data from on-chain analytics firm CryptoQuant shows more BTC leaving major exchange Binance in a single day than ever before.

Binance finishes the day 55,000 BTC lighter

Despite warnings that a macro bottom may not yet have occurred, Bitcoin investors have wasted no time snapping up BTC above $20,000.

The past two days’ gains delivered a sea change to exchange user behavior, with BTC balances dropping across the board.

As the largest exchange by volume, Binance was of particular interest and saw a net position change of over 55,000 BTC on Oct. 26 — the most ever.

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Silicon Valley tech CEOs are not big fans of metaverses

Disney’s CEO said the company doesn’t tend to use the word metaverse, as it believes it’s a very broad term.

ConsenSys commits $2.4M annually to launch MetaMask Grants DAO

The employee-led DAO will take charge of issuing grants to external developers building within the MetaMask ecosystem.

Kazakhstan to build central bank digital currency on BNB Chain

Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain.

Crypto investment firm Q9 gets provisional approval to operate in Dubai

The Hong Kong-based company will join the likes of Binance, Crypto.com, OKX and FTS, who’ve also opened offices in the UAE.

DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations

The Yearn Finance founder suggested that several cracks have shown in the crypto sector this year, and that regulation is needed to “reign in irresponsible actors.”

Phishing scammer Monkey Drainer has pilfered as much as $1M in Ethereum

Four addresses have been flagged relating to Monkey Drainer, including the monkey-drainer.eth address, with Chainabuse showing a long list of reported victims relating to these accounts.

Asset management firm launches BTC Lightning Network startup accelerator

The startup accelerator will consist of four yearly 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 at the end of the program.

Asset management firm launches BTC Lightning Network startup accelerator

The startup accelerator will consist of four yearly 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 at the end of the program.

Hong Kong could be key for China’s crypto comeback: Arthur Hayes

Hayes says the next crypto bull run will be tied to when China embraces the crypto market again, and Hong Kong could be the gateway for this to happen.

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