Health

  • Leading African Conservancy to Raise Funds for Rhinos via Auction of Horn NFTs – News Bitcoin News
    Leading African Conservancy to Raise Funds for Rhinos via Auction of Horn NFTs – News Bitcoin News

    Black Rock Rhino, a leading rhino conservancy in South Africa, is set to raise funds for the endangered species via the auction of rhino horn non-fungible tokens (NFTs).

    Auction Proceeds to Pay for Sanctuary’s Expenses

    In what has been billed a first, the rhino conservancy — which is home to over 200 rhinos — together with a blockchain technology firm Virtual Nation Builders, is set to auction the non-fungible tokens at one of South Africa’s biggest NFT marketplaces, Momint. According to a statement released by Black Rock Rhino, the proceeds from the November 11 auction will be used to pay for some of the sanctuary’s day-to-day expenses.

    “The net proceeds will go towards securing the area, feeding, vaccines as well as the other day to day operating expenditure of the conservancies,” explained the statement.

    In addition to funding the conservancy’s daily expenses, proceeds from the sale are expected to aid conservationists in their ongoing efforts to reduce the number of rhino deaths. As the statement by Black Rock Rhino reveals, the rhino population in government-run national parks has dropped from 18,000 to 2,000 in the last decade.

    Although this sharp decline in the population of rhinos is primarily attributed to the activities of poachers, some experts also believe that rhinoceroses killing each other is another leading cause of the deaths. Therefore, in order to reduce such fatalities, rhino experts advocate for the removal of the sharp end of the horns to reduce fatalities when conflict arises.

    Rhino Horn Trade Ban

    However, since the trade of the rhino horn — which is valued at around $25,000 — is banned, conservationists at Black Rock Rhino believe the digital and photo-realistic horn NFTs will yield more from the auction.

    In other words, this means rhino lovers around the world will be able to acquire a rhino horn without actually violating the ban on rhino trade that was imposed by the Convention on International Trade of Endangered Species (CITES) in 1977.

    What are your thoughts about this story? Tell us what you think in the comments section below.

    Terence Zimwara

    Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.














    Image Credits: Shutterstock, Pixabay, Wiki Commons

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Economy

  • Pro-Bitcoin Miami Mayor Says He Will Take Next Paycheck 100% in BTC – News Bitcoin News
    Pro-Bitcoin Miami Mayor Says He Will Take Next Paycheck 100% in BTC – News Bitcoin News

    The mayor of the U.S. city of Miami says that he is going to take 100% of his next paycheck in bitcoin and become the first American politician to accept a salary in cryptocurrency. The mayor is currently trying to build his city into a bitcoin capital of the world.

    US Politician Wants to Be Paid in Bitcoin

    The pro-bitcoin mayor of the U.S. city of Miami, Francis Suarez, tweeted Tuesday that he is going to take 100% of his next paycheck in bitcoin.

    His statement was in response to a challenge by Morgan Creek Digital partner Anthony Pompliano asking on Twitter: “Who is going to be the first American politician to accept their salary in bitcoin?”

    Miami Mayor Says He Will Take Next Paycheck 100% in Bitcoin

    In his tweet, Mayor Suarez asked Mike Sarasti, CIO and director of Innovation & Tech of the city of Miami, to help make it happen. Sarasti indicated that he will help by tweeting “Mayor. Amazing” in reply, along with two “100” symbols and a bitcoin symbol.

    The Miami mayor’s statement came as a growing number of professional athletes and sports teams are asking to be paid in bitcoin, including Russell Okung, Tom Brady, Aaron Rodgers, Saquon Barkley, and Sean Culkin.

    Among U.S. politicians, the Miami mayor has been one of the most vocal proponents of bitcoin. He has been lobbying lawmakers in his city to allow government employees to be paid in BTC in addition to allowing taxes to be paid in the cryptocurrency and for the city to invest a portion of funds in bitcoin. He said in October that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. When China cracked down on cryptocurrency and bitcoin mining, he also tried to attract bitcoin miners to his city.

    A few other mayors have also been vocal in supporting bitcoin, including the mayor of Jackson, TN, and the mayor of Cool Valley, Missouri.

    Another pro-bitcoin politician, U.S. Senator Cynthia Lummis, who has repeatedly said that bitcoin is a great store of value, tweeted in response to Suarez’s statement:

    Bested by the gentleman from Miami. Well done, sir.

    Do you think politicians should be paid in bitcoin? Let us know in the comments section below.

    Kevin Helms

    A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




    Image Credits: Shutterstock, Pixabay, Wiki Commons

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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