Crypto Crash Won't Hurt World Economy, S&P Says

Leading international rating agency has dismissed fears about cryptocurrency's potential to crash the global financial system
20 February 2018   387

According to analysts of the leading international rating agency S&P Global Ratings, the talks that the possible collapse of the cryptocurrency market could bring down the global financial system is clearly exaggerated and represents "a lot of noise from nothing." This is reported by Business Insider.

As representatives of S&P note, if the price of the currency falls, this event will have a negligible effect on global financial stability.

In our opinion, in its current version, a cryptocurrency is a speculative instrument, and a collapse in its market value would be just a ripple across the financial services industry, still too small to disturb stability or affect the creditworthiness of banks we rate. If the value of cryptocurrencies dropped substantially, we expect retail investors would endure most of the impact.
 

Mohamed Damak 
S&P Global Ratings

Regardless of the skeptical attitude towards digital assets, S & P positively assesses the prospects of the underlying bitcoin and other crypto-currency technologies of the distributed registry. Thus, according to Damak, the blockchain can increase the speed and transparency of financial transactions, reduce their cost and even change the principles of the banking system.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.