"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →
"It hasn't gotten that much attention, as the world's Bitcoin fascination has faded since this spring. BUT: Worth pointing out that the actual price of Bitcoins has been on a major tear again lately, as it presses up near $150. This is despite increasing oversight and subpoenas from regulators, and all kinds of pronouncements about Bitcoin's death." Continue reading →
"About a hundred Swiss banks will avoid prosecution by divulging the names of US clients who have allegedly avoided tax by using secret accounts. The banks could face fines of up to 50 percent of the asset value if they provide full disclosure. Under the deal, each bank will set its own non-prosecution or deferred-prosecution agreement with the US authorities. The fines are set to reach up to 50 percent of the aggregate value of any undeclared accounts held by wealthy Americans, depending on the time the accounts were opened. Swiss banks will have to assess the cost of potential penalties versus the risk of US prosecution." Continue reading →
"It looks like the immovable law of the land may have finally met its match, up against Bitcoin, the encrypted, nationless, currency that disrupts every industry it touches. And now that Bitcoin casinos have had their first major acquisition, an $11.5 million deal, no industry better embodies the unstoppable nature of Bitcoin than gaming. 'The most interesting thing about Bitcoin is how it almost seems tailor made for Internet gaming,' said Stuart Hoegner, managing director of the Gaming Counsel, a law firm representing gaming interests in both the United States and Canada. Specifically he cited low transaction fees, quick deposit-to-play ability, and the lack of chargebacks." Continue reading →
"Ever since Safaricom, Kenya's largest mobile-network operator, launched the mobile-payment system M-Pesa in 2007, some two-thirds of Kenya's adult population have subscribed, and an astonishing 31% of the country's GDP is now spent through mobile phones. Kenya has been at the forefront of popular technological innovation for the past 5 years, and now there are indications that the country could usher in a new era of mobile banking. On 1 July, a company called Kipochi launched a new 'digital wallet' service that allows Kenyans to not only send and receive money domestically but, using the online peer-to-peer currency Bitcoins, transfer it internationally." Continue reading →
"From high-tech Israeli irrigation systems to text message updates of global prices for the commodity, coffee farming in Vietnam’s Central Highlands has come a long way since the French first introduced the bean over a century ago. By texting 'CA' to the number 8288 from any Vietnamese mobile phone, farmers almost instantly receive a message with the London prices of Robusta coffee beans and the New York price of Arabica beans. In 20 years, Vietnam went from contributing less than 0.1 per cent of world production in 1980 to some 13 per cent in 2000 – staggering growth that has been partially blamed for the collapse of global coffee prices in the 1990s. There is no tax on coffee exports." Continue reading →
"I wrote Dead Aid to contribute to a useful debate on why, over many decades, multi billions of dollars of aid has consistently failed to deliver sustainable economic growth and meaningfully reduce poverty. I also sought to explicitly explain how decades of government to government aid actually undermined economic growth and contributed to worsening living conditions across Africa. More than this, I clearly detailed better ways for African leaders, and governments across the world, to finance economic development. I have been under the impression that Mr. Gates and I want the same thing – for the livelihood of Africans to be meaningfully improved in a sustainable way." Continue reading →
"When I first arrived in Zambia and a visit to the Devil’s Pool was unavailable, I immediately wanted to find out about interacting with cheetahs. The well mannered management at JollyBoys Backpackers Lodge in Zambia prompted a visit to the Mukuni Big 5 Safari Park. It wasn’t just walking with a cheetah they offer. It was also walking with lions and elephants as well. The company is on a mission to actively support the dying cheetah population. They have announced a captive breeding program to ensure that the population of cheetahs in the wild continues to grow. After raising the cubs they are released into the wild." Continue reading →
"The gesture underscored the progress made towards protecting the marine predators since the Marshalls declared a two million square kilometre (770,000 square mile) shark sanctuary in 2011. Villagomez said some commercial tuna fishermen still illegally cut the fins from sharks, even though they earned very little from the practice. 'Fishermen only receive a few dollars (per fin),' he said. 'But once they are processed in China and sold in Hong Kong restaurants, the price can be as high as US$1,500 per kilo.' The fins that were dumped off the capital Majuro were confiscated from a Chinese longline fishing vessel earlier this year that was fined $125,000." Continue reading →
"Peru’s anti-drug strategy hinges on persuading farmers to grow coffee instead of coca, the raw material of cocaine, but low prices and plant disease are getting in the way. President Ollanta Humala’s government is allocating $35 million to help coffee growers pay off debts and cope with 'la roya,' a stubborn fungus known as coffee rust. Peru exports coffee to 46 countries, but the bulk — 60 percent — goes to Europe. Germany is Peru’s largest single customer. Peru ranks alongside Bolivia and Colombia as the world’s main producers of coca, grown exclusively in the Andes of South America, mostly on the eastern slope." Continue reading →