Nonprofit
A nonprofit organization (NPO) is dedicated to furthering a particular social cause or advocating for a shared point of view. Nonprofit organizations are accountable to the donors, funders, volunteers, program recipients, and the public community. They raise money from donations by individual donors or foundations; sponsorships from corporations; government funding; programs, services or merchandise sales; and investments. Each NPO is unique in which source of income works best for them.
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Recent reports show that Coinbase has changed the minimum deposit for U.K. customers. Now the minimum deposit is £1000 staff has confirmed in private e-mails on July 16.
Japanese government to create a network similar to SWIFT, for international cryptocurrency payments. The Ministry of Finance and the Financial Services Agency will deploy this network to also tackle financial crimes.
In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks.
Even though Congress tried to inflict damage on Big Tech in hearings related to user data, antitrust concerns and Facebook’s Libra, it seems it has failed. That leaves Silicon Valley with little incentive to change.
Rep. Maxine Waters said she’s planning to call in Facebook CEO Mark Zuckerberg to testify about his company’s new digital currency project Libra. She added that her staff has not made the formal request with Facebook yet, but they plan to do so.
Today’s the second day of Libra hearing. Amid questions of safety, compliance and consumer protection, Marcus kept stressing that Libra project would seek proper approval and registrations with the relevant authorities.
This edition of Max’s Corner is on developments in the field of quantum computing and the potential risks they pose to the cryptocurrency space.
