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Basic Income Earth Network welcomes GoodDollar into community as first blockchain-based project at UBI-Nordic

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GoodDollar reached a key milestone in early April by becoming the first blockchain-based project to present at an international Basic Income Earth Network(BIEN) event. The general reaction at UBI-Nordic 2019, held in Oslo between April 5 and 7 and hosted by BIEN Norway, was encouraging, according to Dr. Sarath Davala, Vice Chairman of BIEN.

“I believe it was the first time anyone from outside our regular basic income community made a presentation about blockchain and universal basic income (UBI),” he said of GoodDollar’s appearance at the three-day summit, a key event in the UBI calendar.

Strong starting point: Dr. Sarath Davala, Vice President of BIEN, said that GoodDollar’s presentation at UBI-Nordic was encouraging

BIEN was established in London in 1986 by Belgian political economist Philippe Van Parijs, and for over three decades its group of progressive-minded academics has promoted the idea of UBI.

That GoodDollar was invited to speak at UBI-Nordic and introduce itself to the basic income community, was a landmark moment for the not-for-profit research hub, which explores how decentralized cryptocurrencies and blockchain technology may enable models based on UBI.

Like most members and affiliate projects within the basic income community, GoodDollar’s driving aim is to reduce wealth inequality – yet using a global-first approach. Dr Davala, the coordinator for India Network for Basic Income (INBI), said the presentation by Dr. Nir Yaacobi, GoodDollar’s Lead Economist (who wrote about his time at Chateau Neuf, and also featured on a panel at the event), was a good introduction to cryptocurrencies and blockchain for many BIEN members. “Several people told me that they appreciated the new things they learned and understood GoodDollar’s vision,” he said.

“Currently, there are three kinds of people within the BIEN community, when it comes to blockchain. Firstly, there are those that have little interest in technology and are even a little suspicious of it. Those in the second category are more open-minded and curious to understand its potential and see how it might work for ordinary people and contribute to social justice. A smaller group, including Hilde Latour and Julio Linares, work within the blockchain domain.

“The last two groups are happy to engage and debate the benefits of blockchain, and some may come forward to GoodDollar to discuss collaborations.”

He continued: “It is extremely important that these two worlds [traditional UBI and blockchain UBI] meet in a humble way, so as to see what there is to learn from each other. Sometimes just knowing what we do and gaining clarity on what our motivations are is enough to clear the mutual distance and suspicion.

“In general, we assume that ultimately it is the state that implements the UBI. It is only the state that can bring scale to any policy idea. Private agencies – community-based or initiated by non-profit organizations – can only do experiments and proof-of-concept initiatives. However, I feel it will break new ground, and make us all in the BIEN community think beyond the state if it can be successfully demonstrated that communities can be empowered through decentralized blockchain solutions.”

Dr. Davala, who will play a central role when the 19th BIEN Congress takes place in his home city of Hyderabad from August 22 to 25 later this year, urged GoodDollar to build upon this promising start with the BIEN community.

“The way I see it, Oslo was a dry run for GoodDollar, and was quite successful,” he said. “In my view, this marks a strong starting point and a firm foundation on which to build upon at the BIEN Congress.”

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eToroX launches gold and silver stablecoins

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– Broadens range of assets available on their secure, regulated exchange –

eToroX, the blockchain division of global investment company eToro, has today announced the addition of two commodity-stablecoins – eToro Gold (GOLDX) and eToro Silver (SLVX), two further fiat-stablecoins – eToro Ruble (RUBX) and eToro Yuan (CNYX) – plus 15 fiat pairs to its crypto exchange.

Commenting on the news, Yoni Assia, Co-founder and CEO of eToro, said: The blockchain brings transparency and a new paradigm for asset ownership. We believe this is the future of finance and we’ll see the greatest transfer of wealth ever onto the blockchain.

“One of the key obstacles that cryptoassets need to overcome for mainstream adoption is price stability. Stablecoins largely eliminate this hurdle, creating a more user-friendly way to interact with the blockchain. By adding eToro Gold and eToro Silver and expanding our fiat-stablecoin range to 10, we are demonstrating the vast potential offered by tokenized assets.”

The new instruments added to the eToroX exchange are:

  • 2 commodity-stablecoins: eToro Gold (GOLDX) and eToro Silver (SLVX)
  • 2 new fiat-stablecoins: eToro Ruble (RUBX) and eToro Yuan (CNYX)
  • 17 fiat pairs: USDEX-EURX, USDEX-GBPX, USDEX-JPYX, USDEX-CHFX, USDEX-AUDX, USDEX-NZDX, USDEX-CADX, USDEX-RUBX, USDEX-CNYX, EURX-GBPX, EURX-JPYX, EUR-CHF, EURX-AUDX, EURX-NZDX, EURX-CADX, GOLDX-USDEX…
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Simplicity, transparency and low risk: Here’s why Popular Investor Enmanuel Bautista chose eToro

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Enmanuel (@big-profits) from the Dominican Republic has been in finance for all of his adult life. After reviewing several online trading platforms, he decided to focus on eToro, because of the platform’s ease of use and transparency. We asked him a few questions about his trading habits and strategies:

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  1. Tell us a little bit about yourself

I am Enmanuel Bautista from the Dominican Republic, owner of a leading online Latin loan company. I dedicate myself to the business of finance (personal loans) and trading. Since I was a child, one of my goals has been to be independent, and eToro has helped me achieve this goal. I have never been an employee and I have been in the financial business since I was 17.

  1. Did you have previous experience with financial investments before joining eToro?

Yes, I used to make investments in local banks and local exchanges. In 2010, I began buying my local currency pairs EUR/DOP and USD/DOP without leverage. After that, in 2012, I tested some online brokers (3 including eToro) with binary options and trading with leverage. Following a large loss with high risk trading…

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eToroX launches crypto exchange including suite of unique stablecoins

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– Secure, regulated exchange to help traders access tokenized assets –

eToroX, the blockchain division of global investment company eToro, has today announced the launch of its crypto exchange – a secure and regulated trading venue offering a range of cryptoassets as well as a suite of stablecoins.

Commenting on the news, Yoni Assia, Co-founder and CEO of eToro, said: “Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization.”

At launch the exchange will have a range of instruments including:

  • 8 fiat-stablecoins (eToro New Zealand Dollar (NZDX), eToro Japanese Yen (JPYX),  eToro Swiss Franc (CHFX), eToro United States Dollar (USDEX), eToro Euro (EURX), eToro Pound Sterling (GBPX, eToro Australian Dollar (AUDX), eToro Canadian Dollar (CADX)
  • 6 cryptos (Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dash (DASH), BitcoinCash (BCH) and Litecoin (LTC)
  • 37 pairs including BTC-USD, XRP-GBP etc.

The launch of the exchange is a natural next step in eToro’s blockchain journey which began with the work…

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