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Cape Cod’s Largest Hospital Gets Bitcoin Donations Worth $800K

23/02/2021 by Idelto Editor

Cape Cod's Largest Hospital Gets Bitcoin Donations Worth $800K

One of Cape Cod’s largest hospitals received two bitcoin donations this year totaling $800,000 in value. The Massachusetts-based not-for-profit medical centre (NPO), Cape Cod Healthcare, explained that an anonymous donor donated $400k last Friday and the NPO received a $400k bitcoin donation last month as well.

Cape Cod Healthcare Gets $800K in Bitcoin Donations

The hospital Cape Cod Healthcare (CCHC) is considered one of the leading providers of healthcare services in Cape Cod, Massachusetts. This week, the NPO told the Boston Globe staff member Anissa Gardizy that it received two bitcoin (BTC) donations worth $800,000.

CCHC’s senior vice president and chief development officer, Christopher Lawson, said the donor wished to remain anonymous and sent an email last month asking the hospital to accept BTC donations. Lawson said the donor had helped CCHC before the two crypto donations, and had just recently asked if the hospital would accept his BTC gift.

Lawson told Gardizy that before accepting the donation, the administration had to see if the hospital could deal with transactions sent in cryptocurrency.

“Before we responded, Lawson said. “We had to make sure there were not any issues. It required a good amount of research,” he added. “My office probably spent a week or two doing our best to learn who else was doing this.”

After getting approval from CCHC’s finance department and the hospital’s CEO Mike Lauf, the firm launched a donation address. Lawson said that because the donor gave the $800k worth of bitcoins to the hospital, he will be free from paying taxes on the funds.

“It makes it an asset that is attractive to donate,” Lawson stressed. “You get maximum impact on the value, and any gains you get, much like stock, you don’t pay the tax,” the hospital administrator added. Lawson did detail, however, that the CCHC finance team immediately converts the donations to dollars.

Mainstream Acceptance

The first $400k donation was sent on January 28, 2021, and the following month on February 19, the donor sent another $400k worth of bitcoins. CCHC’s senior vice president said that other NPOs could also set up bitcoin donation support in order to accept the crypto asset.

“I’m really excited. We are coming out of a period during COVID when donations were hard to come by for a lot of folks,” Lawson emphasized. “This lets people know that we have the capability of accepting these cryptocurrencies in donation, and we have the infrastructure in place.” Back in May, Cape Cod Healthcare furloughed more than 600 employees.

“It is not widespread but it is becoming more mainstream,” Lawson concluded. “People are accumulating these assets, and they are looking at opportunities to donate them,” he added.

What do you think about the two bitcoin donations totaling $800k sent to Cape Cod Healthcare? Let us know what you think about this subject in the comments section below.

Filed Under: Bitcoin, bitcoin donation, Bitcoin Donations, BTC, BTC Donation, Cape Cod Healthcare, CCHC, Christopher Lawson, Coronavirus, COVID-19, English, hospital, Mike Lauf, News, News Bitcoin, NPO

Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

18/02/2021 by Idelto Editor

Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it.

Somesing: A Blockchain-Based Karaoke App

Per Fn News, Somesing, a blockchain-based karaoke app, already hit the 400,000 users’ milestone. The figure is significant, considering that it’s doubling the user base (195,000) for the last six months.

Karaoke’s hobby is like the norm in several Asian countries, and the coronavirus pandemic knocked down this sector heavily.

In fact, according to figures published by local media, at least 2,137 “noraebang” businesses had to shut down across South Korea since the outbreak started. The number is the lowest level ever recorded, stated the Shopping Center Information Research Institute.

“Noraebang” is the Korean name given to private singing rooms, translated into Western countries’ language as karaoke places. South Koreans have the habit of going with friends and even workmates after finishing their duties to sing in the noraebangs.

Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Somesing’s platform allows people to sing along to their favorite tunes and upload them on the app. Moreover, the app rewards active users with tokens from other users or friends according to their popularity.

However, one-half of the coins will fund the platform, such as paying for maintenance costs and copyright fees, said the company behind the blockchain app. The popularity of Somesing has been on the rise across South Korea, as it has been featured on major TV channels.

South Korean Entertainment Sector Relying on Tokenization Solutions

Other entertainment sectors have also been struggling with their businesses. Still, tokenization has been offering an alternative during these times.

Fn News highlighted a travel-based blockchain platform that doubled its user base in the last three months.

Milk relies on a token that can be used to acquire books, and people can exchange it for vouchers in e-commerce outlets such as Shinsaegae.

In the cinema industry, Moviebloc is another blockchain-powered service that offers South Korean filmmakers an alternative to showcase their work. Platform’s users can earn tokens by writing reviews and rating films, whose coins can be exchanged in domestic crypto exchanges.

What do you think about this karaoke tokenization idea in South Korea? Let us know in the comments section below.

Filed Under: Asia, Blockchain, Blockchain Applications, Coronavirus, COVID-19, English, karaoke, News Bitcoin, South Korea, tokenization

Darknet Market Joker’s Stash Retires After Raking in $1 Billion in Cryptocurrencies

14/02/2021 by Idelto Editor

One of the largest darknet marketplaces for selling identity data and stolen credit card information, Joker’s Stash retired last month after making off with a cool $1 billion in cryptocurrencies. Weeks ago, U.S. and European officials seized some of the web portal’s servers tied to Joker’s Stash site, but were unable to completely shut operations down.

Darknet Market Joker’s Stash Closes Shop

A number of reports indicate that the world’s largest darknet market (DNM), in terms of stolen credit card and identity sales, has called it quits after operating since 2014. Joker’s Stash explained in mid-January that the business would be closing shop in mid-February and it has followed through with the plan.

The blockchain analysis firm Elliptic detailed that the Joker’s Stash raked in more than $1 billion in cryptocurrencies during its tenure. Elliptic also revealed that the estimate was a conservative calculation based on the revenue Joker’s Stash took in during the years and all the fees.

Darknet Market Joker’s Stash Retires After Raking in $1 Billion in Cryptocurrencies
Admins from Joker’s Stash left a letter to customers that explained the operators would be retiring.

On January 15, Joker’s Stash admins said the site would go dark on February 15, but Elliptic monitored the web portal and said the DNM went offline on February 3, 2021. Joker’s Stash had a lucky run up until 2020, when reports detailed that the owner of the DNM contracted the coronavirus and had to go to the hospital for seven days.

At the time, Joker’s Stash customers started complaining and having issues with card data and identification intel reliability. Both Krebs on Security and Gemini Advisory have published reports with a comprehensive analysis on the Joker’s Stash operations.

Covid-19 and Global Law Enforcement Push the Joker’s Stash Toward the Brink

Ever since the admin caught Covid-19 and the weeks that followed, Gemini Advisory said the business saw a “severe decline” in volumes. The image below, created by Gemini shows the decline in Joker’s Stash CNP and CP data toward the end of August 2020.

But Covid-19 wasn’t the only issue Joker’s Stash operation dealt with in 2020, as the law enforcement officials from Europe and the U.S. stepped in as well. Interpol and the U.S. Department of Justice (DoJ) seized a number of its servers on December 16, 2020. But much like The Pirate Bay, Joker’s Stash set up new infrastructure on the web and operations continued until the retirement announcement.

“Joker goes on a well-deserved retirement. Joker’s Stash is closing,” the farewell letter said. “When we opened years ago, nobody knew us. Today we are one of the largest card/dumps marketplaces.”

Admins promised to leave the store’s “Stash” open for 30 more days and told people not to fall for any phony websites that could appear in the future. In capital letters, Joker’s Stash said that it would “never open again.” Joker’s Stash made it clear that customers should not trust any imposters going forward.

The hoard Joker’s Stash obtained from payment card records stemmed from firms that saw large data breaches over the years. Gemini Advisory said that Joker’s Stash data came from high-profile hacks that saw the loss of massive amounts of confidential customer data.

Merchants caught in the hacker’s crossfires include Whole Foods, Saks Fifth Avenue, Hilton Hotels, Hy-Vee supermarkets, and Lord and Taylor.

What do you think about the Joker’s Stash admins retiring after operating since 2014 and raking in $1 billion in digital assets? Let us know what you think about this subject in the comments section below.

Filed Under: Bitcoin, Bitcoin (BTC), Coronavirus, COVID-19, Credit Card Data, crypto, Cryptocurrencies, darknet, darknet marketplace, darknet marketplaces, DOJ, English, INTERPOL, Joker's Stash, News, News Bitcoin, Retire, Servers Seized, Stolen Credit Cards, Stolen Identities

Freedom Fighting Atilis Gym Chooses to Accept Crypto Donations- BCH Supporters Set Gym Up With an Uncensorable Fundraiser

18/01/2021 by Idelto Editor

After the co-owner of the Atilis Gym in New Jersey appeared on TV and told the public the state confiscated over $173k from the gym owner’s bank account, Ian Smith revealed Atilis Gym has now set up a crypto wallet. Smith explained that a number of people didn’t want to donate using the Gofundme platform, so peer-to-peer electronic cash supporters created a proposal on the permissionless fundraising application, Flipstarter, so people can donate bitcoin cash toward the gym owner’s legal efforts.

Uncensorable Money Advocates Help Atilis Gym Owners

Just recently, news.Bitcoin.com reported on the Atilis Gym in New Jersey owned by Ian Smith and his business partner, Frank Trumbetti. Last week, Smith told the public that New Jersey’s (NJ) Governor Philip Murphy seized the gym’s legal defense funds during the gym owner’s appeals process. The state took $173,613.60 according to Smith, and the Atilis Gym co-owner appeared on Fox News with Tucker Carlson in order to tell his story.

The state of New Jersey (NJ), NJ Governor Philip Murphy, and the State Health Commissioner have disrupted the business operations for Atilis Gym co-owners Frank Trumbetti (left) and Ian Smith (right). Atilis Gym doesn’t comply with NJ Covid-19 rules enforced by the state. For instance, the owners do not mandate that gym patrons have to wear a mask. Because of this, Atilis Gym has been fined by NJ at $15k per day, and just recently Smith accused the state of seizing $173k.

During Smith’s conversation with Tucker, the two discussed accepting cryptocurrencies in order for the gym owners to protect themselves from another form of asset seizure. The Atilis Gym co-owner told Tucker that setting up a cryptocurrency account was a frequent recommendation.

Following the story, Bitcoin.com founder Roger Ver shared a video on Twitter that explains what happened to the Atilis Gym owner’s legal defense funds. Ver further explained in his tweet:

It’s time for the world to switch from censorable banks and Gofundme to uncensorable peer-to-peer electronic cash and Flipstartercash.

Moreover, Ver shared a Flipstarter fundraising link with the video called the “Atilis Gym Patriots Bitcoin Cash Fundraiser.” The Flipstarter fundraiser aims to raise approximately 42 BCH or more than $20k using today’s BCH exchange rates. At the time of publication, the Atilis Gym Flipstarter has raised 24.96 BCH or just over $12k so far.

‘People Take Care of Each Other Way Better Than Big Government Can’

The Atilis Gym co-owner also tweeted about the help his business received from BCH proponents looking to assist the gym.

Ian Smith tweeted on Sunday:

These guys are incredible. They heard about what happened with the illegal asset seizure and helped the Atilis Gym set up a crypto wallet and have started a fundraiser for us. Once again showing that people can take care of each other way better than big government can.

The Atilis Gym Patriots Bitcoin Cash Fundraiser held on the Flipstarter platform.

In another tweet, the Atilis Gym co-owner said that a “number of people who wanted to donate to our cause did not want to use the banks or Gofundme.” So @be_cashy set us up a crypto-based Fundraiser. Big shout out to these guys,” Smith added. A number of BCH supporters were thrilled to hear about Atilis Gym being set up with a crypto account and a fundraiser on Flipstarter.

“If you keep your money in bitcoin cash, they can’t steal it,” the BCH supporter David Bond wrote to Smith on Twitter. “You can spend it on gift cards or on Purse.io – offer to pay your lawyer in Bitcoin Cash. Bitcoin is freedom money,” he added.

The fundraiser creator on Flipstarter explains why the donation portal was created as it serves a dual purpose. “After reading about the unjust treatment of Atilis gym and seizure of their funds by government thugs, we decided to do something about it,” the Atilis Gym fundraiser description on Flipstarter notes. “We’re raising funds for Atilis. Rather than fiat money that can be seized by unaccountable tyrants, we’re talking about non-confiscatable bitcoin cash.”

The Flipstarter description further states:

We’re hoping this fundraiser will serve a dual purpose. First, to help the brave heroes at Atilis who are standing up against unconstitutional and unscientific lockdowns, and second to spread awareness about cryptocurrency. It’s time for people everywhere to drop the banks and take control of their own money. 100% of funds raised will be donated to Atilis.

Individuals can also see a variety of individuals who have already donated to the Atilis BCH fund on Flipstarter. One individual, the BCH proponent, Marc De Mesel, donated a whopping 20.50 BCH to the Atilis Gym’s cause and litigation costs.

“I admire gym guys,” De Mesel wrote after donating. “Courageous to refuse masks and stand up to the police,” the investor added.

What do you think about the Atilis Gym owner’s problems with the state? What do you think about them accepting cryptocurrencies like bitcoin cash? Let us know in the comments section below.

Filed Under: Atilis Gym, BCH, Bitcoin Cash, bitcoin cash BCH, Censorship Resistant, Coronavirus, COVID-19, cryptocurrency, Cryptocurrency Account, David Bond, English, Flipstarter, Frank Trumbetti, Gym Owner, Ian Smith, Judith Persichilli, Lockdown Protocols, Lockdowns, new jersey, News, News Bitcoin, NJ, NJ Governor, Philip Murphy, Roger Ver, Tucker Carlson

New Jersey Gym Claims State Seized $173K From Bank, Owner Discusses Cryptocurrency Solutions With Tucker Carlson

15/01/2021 by Idelto Editor

On January 14, Ian Smith, the co-owner of the Atilis Gym in New Jersey appeared on Fox News with the news anchor, Tucker Carlson, and discussed his battle with the state of New Jersey’s coronavirus lockdown orders. Smith and his business partner have defied the state’s lockdown orders and remained open for months. The Bellmawr establishment has been fined $15k per day, as the company does not adhere to enforcing Covid-19 protocols. On Wednesday evening the state of New Jersey allegedly took action and seized $173,613 from the gym owner’s bank account.

Atilis Gym Owner Claims the State of New Jersey Seized $173K from His Bank Account

The co-owner of the Bellmawr, New Jersey (NJ) establishment Atilis Gym is extremely upset because he says his legal funds were confiscated by the state on Wednesday. Ian Smith and his business partner, Frank Trumbetti, own and operate the gym. Since the start of the coronavirus outbreak, the establishment has refused to follow Covid-19 protocols enforced by the state.

The co-owners of the Bellmawr, New Jersey (NJ) establishment Atilis Gym, Ian Smith (left) and Frank Trumbetti (right).

For instance, Atilis Gym does not require gym patrons to wear masks inside while working out. After refusing to follow the lockdown protocols assigned by NJ Governor Philip Murphy and the State Health Commissioner, Judith Persichilli, Atilis Gym has been fined $15k per day for remaining open in this manner.

In July, NJ law enforcement officials barricaded the Atilis Gym entrance and arrested Smith and Trumbetti for defying court orders. A week later, Smith and Trumbetti filmed themselves breaking down the barricades the state leveraged to block the Atilis Gym’s doors. Smith and his partner stress that there have been zero cases of Covid-19 traced back to the gym.

FREE MEN WILL NOT BE SILENCED.
FREE MEN WILL NOT BE INTIMIDATED.
FREE MEN WILL NOT BE OPPRESSED.

— Ian Smith (@iansmithfitness) January 9, 2021

After the $15k daily fines started to add up, the levy against the NJ establishment has climbed well over a million U.S. dollars to-date. This week, Smith tweeted that the state had upped the enforcement on Wednesday by seizing $173,613 from the gym owner’s bank account.

Smith said:

Moments ago Governor Murphy and his cronies seized 100% of the Atilis Gym legal defense money ($173,613.60) in the middle of our appeals process – effectively and intentionally interfering with our right to counsel. If you think that’s gonna make us stand down, you’re delusional.

Cryptocurrencies Are One of Most Frequent Recommendations, Says New Jersey Gym Owner

Following the tweet, a few people recommended that the Atilis Gym owner accept cryptocurrencies like bitcoin. Smith also appeared on Fox News after the funds were seized, and he discussed the incident with the news anchor Tucker Carlson.

“This is in the middle of an appeals process and ongoing litigation in the matter of the fines and several other matters regarding the state, including a lawsuit against Governor Murphy and [the State Health Commissioner] Judith Persichilli,” Smith explained to Carlson. During the episode, Tucker Carlson also mentioned the subject of cryptocurrencies.

“How long do you think they’ll allow cryptocurrencies to exist,” Carlson asked the Atilis Gym owner chuckling to himself. Continuing to laugh, Carlson further said “Sorry, it’s just a thought as they can’t seize it from you…” Smith replied to Carlson’s cryptocurrency comment and said: “No, they can’t [seize crypto].”

The Atilis Gym owner further added:

That’s actually one of the frequent recommendations for people who want to continue to donate is to set up a cryptocurrency account.

It’s uncertain whether or not Ian Smith and Frank Trumbetti will set up a cryptocurrency account in order to accept censorship-resistant donations. Whether the Atilis Gym owners do decide to accept crypto or not, the story still highlights the benefits of crypto assets like bitcoin that cannot be seized in such a manner. This is likely why digital currencies are one of the most frequent recommendations given to the New Jersey gym owners. Despite Smith’s most recent claims on Twitter and Fox News, the NJ Attorney General’s office disputes the money seizure.

“This information is not accurate,” an NJAG spokesperson told the news anchor Carlson. “The State has not seized [its] bank account funds. However, the State has obtained judgments against the owners, and intends to collect on them. Whether that affects the entire balance of the gym’s funds is a question to ask the bank,” the NJAG spokesperson added.

What do you think about the Atilis Gym owner’s problems with the state? Do you think they should accept cryptocurrencies like bitcoin? Let us know in the comments section below.

Filed Under: Atilis Gym, Bitcoin, Bitcoin (BTC), BTC, Censorship Resistant, Coronavirus, COVID-19, cryptocurrency, Cryptocurrency Account, English, Fox News, Frank Trumbetti, Gym Owner, Ian Smith, Judith Persichilli, Lockdown Protocols, Lockdowns, new jersey, News, News Bitcoin, NJ, NJ Governor, Philip Murphy, Tucker Carlson

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