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On Business, Sustainability, Innovation and Social Responsibility

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The concept of Corporate Citizenship is a heightened response that was derived from corporate social responsibility programs. The numerous outreach projects on community building, social empowerment and the deployment of community-changing or life-changing solutions from the many services / solutions that a private entity offers. The said solutions are often retrofitted and repurposed to serve community building. These activities are centred around social projects that are guided by working partnerships composed of corporate, private, non-government agencies and non-profit organizations.

Over the years, Corporate Social Responsibility has evolved from numerous sorties of civic and societal engagement into a viable platform where innovative and life-changing solutions are made. The communities who were once the ultimate beneficiaries of these products or projects are now more actively engaged — as equal partners and stakeholders who are charting their own path to enact changes, innovation and transformation out of guidance from their corporate or private partners in community building:

The Life Cycle Assessment of Sustainable Framework Programs

How viable and sustainable are the frameworks we have? In asserting viability out of theory and model, a life cycle assessment is enacted in measuring the results, effectivity and environmental effect of solution frameworks before they are introduced to communities. The four pillars of Life Cycle Assessment of Sustainable Frameworks are:

  • Product Development & Research Development – viability starts with strong research and product development to mold or set a product framework to motion. R&D as well as product testing adheres to standards, ethics and a clear governance model that shapes a product’s intended usage, its immediate cause & effect as well as variables on benefits, drawbacks and equity.
  • Supply Chain Management & Procurement – Introduction of a program, product or solution framework needs control on the supply chain from resource procurement, product creation, distribution and storage. This encompasses the company, the personnel assigned and the custodian or stakeholders who will enact the program in the long run. In maintaining the project or program, the continuity relies on long term support for resources, manpower, miscellaneous supply and constant evaluation of its effectivity.
  • Marketing – A great program tells its story or identifiably, sells itself to the market. But with corporate solutions for community building, an effective means of storytelling relies on marketing the cause to promote awareness and to inspire other private groups to embark on their own programs to benefit communities. In marketing, communication channels are defined, materials for distribution are up for fulfilment and constant community engagement with media and other outlets is required. 
  • Executive Level Management – As there is a growing sense of corporate social responsibility across the big businesses and small enterprises of the world, executive and corporate engagement is growing stronger and stronger. Executive leadership lends their expertise on management, resource allocation and long-term evaluation of the program’s efficiency.

Platform Sustainability Cycle

Now that we have formulated a program and defined its lifecycle and all the requirements to maintain its effectively for long-term, a sustainability cycle is enacted. With regards to the various models available – from the circle economy to the investment cycle on product sustainability, the platform or program is seen as an evolving entity that is agile and receptive to the real-world changes in its environment. Whether it is disrupted by the effects of the pandemic or the state of finances from its core benefactors, sustainability is a long-term commitment in both resource and principle.

  1. Resource – Base – Life Cycle Definition – Defining the lifecycle and continuity scenarios in charting the program for long-term.
  1. Human and Environmental Factors – As environment changes, people change as they are also shaped by economics and environmental factors. In planning for years of continuity, there must be an emphasis on human roles on keen knowledge transfer from the ones who are handling the project to the stakeholders within the community building.
  1. Socio-Economic Benefits and Impacts – There are immediate, long-term and unintended impacts of the product or platform upon its conception, introduction and its ongoing activity. In addressing the socio-economic issues that it aims to solve, we must take into account its self-sustaining model in which investments or portions of its economic gains must be fed into the program to sustain itself. Long-term programs on community building must not be overly reliant on the financial or resource injection from its benefactors as it is traversing a territory where it has no legs to stand. 
  1. Total Costs and Life Cycle – Finance and the cost of resources in maintaining the program or project are huge factors that determine fiscal responsibility that are allotted to the said platform. Ongoing costs from month 1 to year 1 must be accounted for and scrutinized in adjusting its optimal efficiency for long-term support and self-sufficiency models.
  1. Technical Performance – A joint, governing entity consisting of private partnerships and community stakeholders are often left in charge of overseeing such projects or programs. The technical performance and its variables must also be actively measured to get insights on the programs’ overall efficiency and effectivity. Modern projects involve technological governance on analytics and quantifiable data to rate performances on time spans such as months, quarters and annual. Such insights give a clear picture if the project can be made more sustainable or there are red flag indicators where attention must be placed – for the long-term viability of the program.
  1. Resource Base Evaluation – So we’ve come at the end and beginning of the cycle where resources amounting to the requirement and the resources needed to continue the program is now under the microscope. An evolving program notably will need new, adjusted resources to maintain itself, and while we’re at the question we can ask: are there better resources available? Are these resources getting more costly annually? How can we invoke the program to be able to produce or at least have the capacity to procure itself with the resources it needs to sustain itself?

The most successful community building projects out of the CSR or Corporate Citizenship are the ones that are enduring and ongoing. In defining a long-term program, we must set to task its capabilities to sustain itself while leaving room to let it produce its assets and by-products that will benefit its immediate recipients – therefore by nurturing them, giving them the skills and opportunities to not only enrich themselves but to also. In the next article, we will highlight the models for integrating technology to social and community projects to facilitate their development aspects.

This article is published on BitPinas: On Business, Sustainability, Innovation and Social Responsibility

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Altcoins see a 35% bounce after Bitcoin reclaims $43,000

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The sharp correction that threatened to pull Bitcoin and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins prices all saw a rebound at the market open.

After a swift drop below $40,000 on Sept.21, BTC now trades above $43,300 and Ether (ETH) has reclaimed the $3,000 level. Altcoins have also seen a strong recovery, with many posting up to 15% gains at the time of writing.

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Livepeer (LPT), COTI (COTI) and Axie Infinity (AXS).

Livepeer lists on the Web3 Index

Livepeer is an Ethereum-based decentralized video streaming network that aims to be an alternative to traditional broadcasting solutions.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LPT on Sept. 21, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. LPT price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for LPT began to pick up on Sept. 20 and reached a high of 71 on Sept. 21, around 19 hours before the price spiked by 36% over the next day.

The jump in price for LPT comes following the launch of the Web3 Index which included Livepeer as one of the initial projects, helping to boost the visibility for the project.

COTI’s treasury releases its ‘tech’ whitepaper

COTI, an enterprise-grade fintech platform focused on decentralized payments, is the second-largest gainer of the past 24-hours.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for COTI on Sept. 21, prior to the recent price rise.

VORTECS™ Score (green) vs. COTI price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for COTI climbed into the green on Sept. 2 and reached a high of 77 around 10 hours before the price spiked by 35% over the next day.

The recovery in the price of COTI comes following the release of the COTI treasury technological whitepaper and the token’s listing on Crypto.com.

Related: Avalanche recovers from Evergrande-led sell-off as AVAX rebounds over 30%

Axie Infinity rebounds after a prolonged downtren

Axie Infinity (AXS) is a blockchain-based, play-to-earn trading and battling game where users collect, breed, raise and battle in-game token-based creatures known as Axies.

According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time.

VORTECS™ Score (green) vs. AXS price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for AXS was in the green zone for the majority of the past week and reached a peak of 82 on Sept. 20, around 24 hours before its price climbed 33% over the next day.

The jump in price for AXS followed the token’s listing on Bitfinex, an announcement that was registered by the Cointelegraph Markets Pro ‘NewsQuakes™’ alert system around 15 hours before its price began to rise.

The overall cryptocurrency market cap now stands at $1.921 trillion and Bitcoin’s dominance rate is 42.3%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.


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Source: https://cointelegraph.com/news/altcoins-see-a-35-bounce-after-bitcoin-reclaims-43-000

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Blockchain

Ethereum, Solana, VeChain Price Analysis: 22 September

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The entire cryptocurrency market has been facing severe bearishness over the past few weeks. The king of altcoins, Ethereum broke down below crucial support levels and would incur selling pressures from all around. That effect would automatically trickle down to the other smaller altcoins in the market like VeChain.

However, thanks to its recent rally, Solana seemed to be in a relatively better place to continue its upward trajectory if market sentiments improve.

Ethereum (ETH)

ETH/USD | Source: TradingView

Ever since the correction that happened on El Salvador’s Bitcoin Day ETH/USD has been trading in a very narrow range between $3100 to $3500. It had briefly broken out of the range, only to fall back down into it, before correcting even more.

This was a worrisome signal since it broke down (white arrow) below the descending triangle pattern on the chart as depicted by the pink lines. Ethereum prices also broke below the next support level of $2990 as depicted by the yellow trend line. So unless the prices are able to rally back from current levels to the range of $4000-$4400, the short term future for this counter remained bleak.

The Relative Strength Index dropped below 40 mark which would add to the selling pressure in this currency pair. The MACD, which suffered a bearish crossover a few weeks back entered the negative territory too. The prices have also moved significantly below the 20-day Moving Average line (marked in green) to further add to the bearishness.

Solana (SOL)

SOL/USD | Source: TradingView

Solana has been one of the best performing coins in the past month and a half and its rally propelled it to the seventh biggest coin by market capitalization. Since mid-August, 2021 it rallied nearly five times in price (blue channel), before correcting sharply a month later in line with the entire market and that correction turned into a bearish trend ever since.

Due to the nature of the recent rally, the only logical level of support for the prices would come near $20. However, if Solana prices are able to breakout of the white channel from current levels to above $160, the earlier rally may resume.

Despite the major correction over the past few days from $200 to current prices, indicators had turned extremely bearish yet. The Relative Strength Index remained near the 50 mark so there was still some bullishness.

The MACD which suffered a bearish crossover still remained well within the positive region as well. The prices however, broke down below the 20-day Moving Average (green) but again, it isn’t too far away to retest those levels. So overall, bullish sentiment in this particular coin still persisted.

VeChain (VET)

VET/USD | Source: TradingView

The VET/USD currency pair was extremely volatile and fell significantly from its all time highs. Since then it was trading within a very wide range however, a promising chart pattern was beginning to emerge for this particular coin.

A bullish cup and handle pattern was seen (white lines) and a breakout over $0.12-$0.16 can result in a major rally. The level of support for VeChain was around $0.06 and that should hold fine based on historical data.

Although, the indicators did not show as much enthusiasm on the bullish side. The Relative Strength Index touched 30 levels and currently was around 37 which was very weak. The MACD too breached the zero line and crossed over into the negative territory.

The prices also dropped below the 20-day Moving Average (green) over two weeks ago and were not able to break out of it ever since. So overall, this coin, much like many others in the market, faced the heat of extreme bearishness in the market and would require a convincing breakout over $0.16 to be bullish again.

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Source: https://ambcrypto.com/ethereum-solana-vechain-price-analysis-22-september

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Additional compensation available for Cryptsy victims, court notice says

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Last week, some former users of the now-defunct cryptocurrency exchange Cryptsy received a notice informing them of a new turn in the ongoing class settlement process. Authorized by the U.S. District Court for the Southern District of Florida, the document states that those who were defrauded in the 2016 collapse of the digital finance platform may be entitled to receive money from additional recovery.

Cryptsy was a crypto exchange that went bust in January 2016 following months of user-reported issues with withdrawing funds from the platform. The court later found that Cryptsy founder Paul Vernon had stolen millions of dollars’ worth of customers’ digital assets before fleeing to China. Later that year, a group of the exchange’s users initiated a class action against the company and its founder, while what was left of Cryptsy went into receivership.

The court-appointed receiver began to liquidate various assets associated with the defunct company, amassing some $1.5 million by June 2017 to be distributed between the victims.

The receiver and class representative then brought an additional lawsuit against Coinbase, which they alleged to have aided and abetted Vernon’s conduct by allowing him to convert the stolen funds to U.S. dollars. Almost three years of litigation ended in a class action settlement as Coinbase agreed in Jan 2020 to pay out almost a $1 million to defrauded Cryptsy account holders.

The most recent notice pertains to yet another round of the swindled funds’ recovery. Legal action against Xiuxia Liu, Paul Vernon’s girlfriend, resulted in the victims’ representatives securing an additional $875.000 on behalf of the class.

The funds will be distributed proportionally among those who had filed valid claims in the two previous settlements, or who have submitted a valid claim in the Liu settlement by January 12, 2022. Payments are expected to start going out on or before Feb. 20, 2022 according to the notice.


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Source: https://cointelegraph.com/news/additional-compensation-available-for-cryptsy-victims-court-notice-says

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