Red Bull Racing Drops NFT Collection For Upcoming Mexican GP
Red Bull Racing is launching a limited-edition piece collection of digital racing memorabilia to uplift and express gratitude to F1 fans who have stuck around despite the long gap during the pandemic. The highlight of the collection will be the 10,000 units based on Sergio Perez’s Mexican GP helmet that will commemorate his first race for Red Bull. Additionally, NFTs based on Perez’s racing suit that he wore in the Mexico City Show Run will also be a part of the collection. The whole collection will be available on Tezos marketplace Sweet ahead of Sunday’s race.
Red Bull Racing CEO Christian Horner spoke at length on the launch, expressing the team’s desire to enhance the fan experience.
“Red Bull Racing has always been at the forefront of innovation and technology, both on and off track, and our first set of Digital Collectibles carries on that tradition thanks to partners like Tezos. We’re really excited to be able to give fans a new, immersive and fun opportunity to get even closer to the Team by owning part of our history with some truly special pieces of team memorabilia.”
As the official blockchain partner of the team, Tezos had already been featured prominently via logo branding on the Red Bull cars. The team will continue partnering with Tezos to drop more digital collections in the future. Being built on Tezos, these collections will be exclusively limited and available for fan interaction, purchase, and ownership on the Sweet platform.
As CEO Horner clarified,
“We’re committed to making this access affordable and accessible for as many fans as possible. With our blockchain partner Tezos and through Sweet’s platform, which gives fans a complete environment in which to enjoy our collectibles, we’re bringing a whole new world of Red Bull Racing to fans.”
Cryptocurrency and NFTs have become a prominent presence in motorsports. For example, in September, Speedway Motorsports had announced that they would be partnering with GigLabs to launch the website RaceDayNFT to sell NASCAR-themed NFTs.
Blockchain gaming company Animoca Brands hired NASCAR superstar Joey Logano as the face of REVV Motorsports. The company is also planning to create and release special NFTs based on Logano, featuring his driver helmet and logo, iconic racing moments, and special car liveries.
Red Bull Racing is launching a limited-edition piece collection of digital racing memorabilia to uplift and express gratitude to F1 fans who have stuck around despite the long gap during the pandemic. The highlight of the collection will be the 10,000 units based on Sergio Perez’s Mexican GP helmet that will commemorate his first race for Red Bull. Additionally, NFTs based on Perez’s racing suit that he wore in the Mexico City Show Run will also be a part of the collection. The whole collection will be available on Tezos marketplace Sweet ahead of Sunday’s race.
Red Bull Racing CEO Christian Horner spoke at length on the launch, expressing the team’s desire to enhance the fan experience.
“Red Bull Racing has always been at the forefront of innovation and technology, both on and off track, and our first set of Digital Collectibles carries on that tradition thanks to partners like Tezos. We’re really excited to be able to give fans a new, immersive and fun opportunity to get even closer to the Team by owning part of our history with some truly special pieces of team memorabilia.”
As the official blockchain partner of the team, Tezos had already been featured prominently via logo branding on the Red Bull cars. The team will continue partnering with Tezos to drop more digital collections in the future. Being built on Tezos, these collections will be exclusively limited and available for fan interaction, purchase, and ownership on the Sweet platform.
As CEO Horner clarified,
“We’re committed to making this access affordable and accessible for as many fans as possible. With our blockchain partner Tezos and through Sweet’s platform, which gives fans a complete environment in which to enjoy our collectibles, we’re bringing a whole new world of Red Bull Racing to fans.”
Cryptocurrency and NFTs have become a prominent presence in motorsports. For example, in September, Speedway Motorsports had announced that they would be partnering with GigLabs to launch the website RaceDayNFT to sell NASCAR-themed NFTs.
Blockchain gaming company Animoca Brands hired NASCAR superstar Joey Logano as the face of REVV Motorsports. The company is also planning to create and release special NFTs based on Logano, featuring his driver helmet and logo, iconic racing moments, and special car liveries.
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In DSB the players can compete against the machine and against other players, receiving rewards in DSBOWL, which is our core token. Today we are launching the PvE mode at 00h UTC!
This "play-to-earn" system allows the player to earn an income while playing and having fun. All characters in the game are NFTs and belong exclusively to the player. The whitepaper is on our website!
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Contract:
PancakeSwap - https://pancakeswap.finance/info/token/0x6a43f8f4b12fcd3b3eb86b319f92eb17c955dda3
Contact us:
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🏈 With a fast ROI for the first players (less then 20 days)!
🏈 Token pre sale sold out in 27 seconds.
🏈 First NFT Sales sold out in less then a minute.
🏈 Last NFTs offer 39 BUSD. Have fun! Oh, and make money as well!
www.dogesuperbowl.finance
Doge Superbowl is an NFT game based on the vibrant culture of Football 🏈
In DSB the players can compete against the machine and against other players, receiving rewards in DSBOWL, which is our core token. Today we are launching the PvE mode at 00h UTC!
This "play-to-earn" system allows the player to earn an income while playing and having fun. All characters in the game are NFTs and belong exclusively to the player. The whitepaper is on our website!
Build your team, train your Doges and be the best trainer in the world!
www.dogesuperbowl.finance
Contract:
PancakeSwap - https://pancakeswap.finance/info/token/0x6a43f8f4b12fcd3b3eb86b319f92eb17c955dda3
Contact us:
https://news.1rj.ru/str/dogesuperbowlusa
NFTDrop Alerts!!! 🚨🚨🚨
Thrilled to present you Lion Kingdom NFT Project.
🦁DROP DATE: NOV 15🦁
Lion Kingdom will storm the NFT market with a killing roadmap, including:
1️⃣ Lion Racing Games
2️⃣ ERC-20 tokens $LOK for gameplay and staking/farming
3️⃣ After launching Nala (the Female Lion) in 2022, users can start breeding cubs and developing their own territory in Prairie to hunt and battle with other Lion Kingdoms
4️⃣ Exciting community building activities, such as NFT airdrop, ETH giveaway with a community fund of $50,000
✨DROP DATE: November 15th
🔥Price: 0.07ETH
📍Where: https://lionkingdom.io/mint
Join the Lion Kingdom on the Prairie:
Website||Telegram||Twitter||Discord
Thrilled to present you Lion Kingdom NFT Project.
🦁DROP DATE: NOV 15🦁
Lion Kingdom will storm the NFT market with a killing roadmap, including:
1️⃣ Lion Racing Games
2️⃣ ERC-20 tokens $LOK for gameplay and staking/farming
3️⃣ After launching Nala (the Female Lion) in 2022, users can start breeding cubs and developing their own territory in Prairie to hunt and battle with other Lion Kingdoms
4️⃣ Exciting community building activities, such as NFT airdrop, ETH giveaway with a community fund of $50,000
✨DROP DATE: November 15th
🔥Price: 0.07ETH
📍Where: https://lionkingdom.io/mint
Join the Lion Kingdom on the Prairie:
Website||Telegram||Twitter||Discord
Blockpass Enhances Cross-Chain KYC With Successful Polygon Integration
Blockpass has just announced that it has successfully completed its integration with Polygon, the scalability, and interoperability solution. As part of the integration, Blockpass has also updated its mobile application to support Polygon crypto addresses.
The partnership will enable Blockpass to provide essential KYC services for the Polygon protocol and its framework, which is used to build and connect Ethereum-compatible blockchain networks.
Polygon has made significant progress in its goal of solving significant problems that plague the blockchain space. Polygon solves critical issues such as slow speeds and high gas fees without compromising on factors such as security. Polygon is able to combine Ethereum and other independent blockchains into a full-fledged, multi-chain ecosystem.
Thanks to Polygon’s multi-chain ecosystem, developers are able to scale their decentralized applications rapidly. The protocol has already benefited over 3000 decentralized applications, thanks to Polygon’s security, openness, and power. It is also fully compatible with the Ethereum blockchain.
Blockpass provides a one-click compliance gateway to regulated industries, financial institutions, and services as a digital identity verification provider. Blockpass allows users to create, store and manage a secure digital identity, which can then be utilized for an entire ecosystem of associated services, purchasing tokens, and gaining access to regulated industries.
A comprehensive KYC and AML SaaS, Blockchain does not require any setup costs or integration. Users can set up services in minutes, test them with absolutely no cost involved, and then verify and onboard users.
Blockpass currently has over 160,000 verified user identity profiles, facilitating instant onboarding, with over 5000 services having already taken advantage of the service and gain access to users and reusable digital identity profiles.
Commenting on the integration, Blockpass CEO Adam Vaziri stated,
“We’re excited to see how Polygon has developed into something so amazing, particularly over the past year. Removing the pain points in blockchain technology is essential for its continued growth, and working with the great team at Polygon to do it in a secure and compliant manner - without putting any undue burden on users and developers - is an honor.”
Since its inception, Blockpass has seen significant growth in use. The number of users on the protocol and the number of organizations it has partnered with, significantly increasing its scope of work. Blockpass’s digital identity protocol is constantly being updated with several new additions that would improve user experience.
The need for compliance in DeFi projects has driven interest in Blockpass’s on-chain KYC solution, which can potentially change how blockchains enable compliance. Blockpass has also collaborated with Animoca Brands, developing the ability to provide KYC where the delivery of verification results is sent without sharing any of the underlying data. This is a significant step towards Blockpass’ vision of achieving identity verification without revealing any personal information.
Blockpass has just announced that it has successfully completed its integration with Polygon, the scalability, and interoperability solution. As part of the integration, Blockpass has also updated its mobile application to support Polygon crypto addresses.
The partnership will enable Blockpass to provide essential KYC services for the Polygon protocol and its framework, which is used to build and connect Ethereum-compatible blockchain networks.
Polygon has made significant progress in its goal of solving significant problems that plague the blockchain space. Polygon solves critical issues such as slow speeds and high gas fees without compromising on factors such as security. Polygon is able to combine Ethereum and other independent blockchains into a full-fledged, multi-chain ecosystem.
Thanks to Polygon’s multi-chain ecosystem, developers are able to scale their decentralized applications rapidly. The protocol has already benefited over 3000 decentralized applications, thanks to Polygon’s security, openness, and power. It is also fully compatible with the Ethereum blockchain.
Blockpass provides a one-click compliance gateway to regulated industries, financial institutions, and services as a digital identity verification provider. Blockpass allows users to create, store and manage a secure digital identity, which can then be utilized for an entire ecosystem of associated services, purchasing tokens, and gaining access to regulated industries.
A comprehensive KYC and AML SaaS, Blockchain does not require any setup costs or integration. Users can set up services in minutes, test them with absolutely no cost involved, and then verify and onboard users.
Blockpass currently has over 160,000 verified user identity profiles, facilitating instant onboarding, with over 5000 services having already taken advantage of the service and gain access to users and reusable digital identity profiles.
Commenting on the integration, Blockpass CEO Adam Vaziri stated,
“We’re excited to see how Polygon has developed into something so amazing, particularly over the past year. Removing the pain points in blockchain technology is essential for its continued growth, and working with the great team at Polygon to do it in a secure and compliant manner - without putting any undue burden on users and developers - is an honor.”
Since its inception, Blockpass has seen significant growth in use. The number of users on the protocol and the number of organizations it has partnered with, significantly increasing its scope of work. Blockpass’s digital identity protocol is constantly being updated with several new additions that would improve user experience.
The need for compliance in DeFi projects has driven interest in Blockpass’s on-chain KYC solution, which can potentially change how blockchains enable compliance. Blockpass has also collaborated with Animoca Brands, developing the ability to provide KYC where the delivery of verification results is sent without sharing any of the underlying data. This is a significant step towards Blockpass’ vision of achieving identity verification without revealing any personal information.
🚀First time in history an NFT was sold for 35 ETH in primary sales!
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• 498 Random Eggs sold for 0.2 ETH each
• 1 Epic Egg sold for 7 ETH
• 1 Legendary Egg sold for 35 ETH
Stay tuned not to miss the 2nd stage of Reservation
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1st stage of the Reservation was sold out in 2 seconds! ⏳
• 498 Random Eggs sold for 0.2 ETH each
• 1 Epic Egg sold for 7 ETH
• 1 Legendary Egg sold for 35 ETH
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SEC Blocks Registration Of Cryptocurrencies Designed To Protect Against Inflation
The Securities and Exchange Commission yesterday blocked the registration of two cryptocurrencies filed by American CryptoFed. The tokens were being registered as “equity securities”, but the SEC Enforcement Division halted the registration, saying that the filing contained “materially misleading statements and omissions”.
The SEC’s Enforcement Division initiated proceedings against American CryptoFed DAO LLC yesterday. It alleges that the company filed a misleading registration Form 10.
The SEC’s argument is that incomplete information was submitted on the two cryptocurrencies known as the “Ducat” and “Locke” tokens. Furthermore, it cites that not enough information was submitted as to “CryptoFed’s business, management, and financial condition”.
Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit, stated:
“Issuers attempting to raise money from the public must provide the information necessary for investors to make informed decisions. We allege American CryptoFed made materially misleading statements and failed to provide legally required information in its registration form.”
Marian Orr, CEO of Wyoming-based American Cryptofe said that she did not agree with the SEC, and that the SEC had refused to respond to her company’s rebuttal of the accusations. In a statement, the American CryptoFed said:
“The purported ‘deficiencies’ the SEC referred to were the lack of attributes inherent to securities. These are attributes that the two tokens (Locke and Ducat) of a decentralized blockchain-based CryptoFed DAO monetary system will never have.”
CryptoFed had proposed to register the two tokens as securities, but had then said that it wanted to register them as utility tokens.
In its filing, CryptoFed described one of the two crypto assets, the Ducat, as offering inflation protection by means of an algorithm that creates and burns the tokens as necessary. It further added that its goal was:
“to create and maintain a monetary system with zero inflation, zero deflation and zero transaction costs”
The Securities and Exchange Commission yesterday blocked the registration of two cryptocurrencies filed by American CryptoFed. The tokens were being registered as “equity securities”, but the SEC Enforcement Division halted the registration, saying that the filing contained “materially misleading statements and omissions”.
The SEC’s Enforcement Division initiated proceedings against American CryptoFed DAO LLC yesterday. It alleges that the company filed a misleading registration Form 10.
The SEC’s argument is that incomplete information was submitted on the two cryptocurrencies known as the “Ducat” and “Locke” tokens. Furthermore, it cites that not enough information was submitted as to “CryptoFed’s business, management, and financial condition”.
Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit, stated:
“Issuers attempting to raise money from the public must provide the information necessary for investors to make informed decisions. We allege American CryptoFed made materially misleading statements and failed to provide legally required information in its registration form.”
Marian Orr, CEO of Wyoming-based American Cryptofe said that she did not agree with the SEC, and that the SEC had refused to respond to her company’s rebuttal of the accusations. In a statement, the American CryptoFed said:
“The purported ‘deficiencies’ the SEC referred to were the lack of attributes inherent to securities. These are attributes that the two tokens (Locke and Ducat) of a decentralized blockchain-based CryptoFed DAO monetary system will never have.”
CryptoFed had proposed to register the two tokens as securities, but had then said that it wanted to register them as utility tokens.
In its filing, CryptoFed described one of the two crypto assets, the Ducat, as offering inflation protection by means of an algorithm that creates and burns the tokens as necessary. It further added that its goal was:
“to create and maintain a monetary system with zero inflation, zero deflation and zero transaction costs”
Kazakhstan’s Energy Grid Struggles Amidst Crypto-Mining Boom
Kazakhstan’s power grid is feeling the strain, as the booming crypto-mining industry in the country is putting a significant strain on its infrastructure. Coal-fired power plants mainly power Kazakhstan’s energy grid.
A Double-Edged Sword
The cryptocurrency mining industry is flourishing in Kazakhstan, thanks to cheap power, which has attracted a large number of miners from China after the Chinese crackdown on crypto. The central-Asian nation has become the second-biggest Bitcoin mining hub after the United States over the past few months.
However, the downside to the surge in mining activity has put unprecedented strain on the power grid in the country, with Kazakhstan now struggling to meet the increased power demand.
Government Mulls Regulations
As a result of the power crisis, the government in Kazakhstan is now mulling how it can regulate and tax the largely foreign-owned and generally underground crypto-mining industry. The problem is so pronounced that the country has been forced to import power while rationing the domestic power supply.
To add to the problem, the mining farms are powered by old coal plants and present a challenge to the government as it tries to decarbonize the country’s economy. While mining is seen as an easy way to make a quick fortune, governments are increasingly concerned that private cryptocurrencies could undermine the financial system while promoting financial crime and putting investors at risk.
An Imminent Crackdown?
The government of Kazakhstan is also planning a crackdown on unregistered miners, which it believes are consuming twice the amount of power than miners who are officially registered. The Deputy Energy Minister Murat Zhurebekov commented,
“I think we will have the directive (limiting power to unregistered miners) issued before the end of this year because this issue cannot be delayed any longer,”
However, he did not elaborate on how the government planned on locating the illegal mining operations, which are usually based in obscure locations.
Consumption Data
According to Kazakhstan’s Power Ministry, illegal miners could be consuming up to 1.2 GWt of power, which puts the consumption by miners at 8% of the total power generation capacity when combined with registered miners. While there is consensus building among miners to register themselves, they are unsure about how heavily they may be taxed.
A miner speaking on the condition of anonymity stated,
“The tax that the government plans to introduce is something that miners can afford to pay. But it is unclear what demands the government may put up further on.”
A Heavy Environmental Impact
Kazakhstan’s power tariffs are state-regulated and are kept artificially low. The government is not keen on increasing these prices as it battles inflation. Many economists are of the opinion that the country needs price reform in its energy sector. The regional economist at the European Bank for Reconstruction and Development stated,
“A price reform is definitely necessary. What we have in Kazakhstan is heavy reliance on coal with very low prices ... But this creates very big problems in meeting the obligations that Kazakhstan has taken on with regards to making the economy greener.”
Meanwhile, crypto-miners have proposed that the government allow them to invest in renewable energy, letting the industry offset taxes.
Kazakhstan’s power grid is feeling the strain, as the booming crypto-mining industry in the country is putting a significant strain on its infrastructure. Coal-fired power plants mainly power Kazakhstan’s energy grid.
A Double-Edged Sword
The cryptocurrency mining industry is flourishing in Kazakhstan, thanks to cheap power, which has attracted a large number of miners from China after the Chinese crackdown on crypto. The central-Asian nation has become the second-biggest Bitcoin mining hub after the United States over the past few months.
However, the downside to the surge in mining activity has put unprecedented strain on the power grid in the country, with Kazakhstan now struggling to meet the increased power demand.
Government Mulls Regulations
As a result of the power crisis, the government in Kazakhstan is now mulling how it can regulate and tax the largely foreign-owned and generally underground crypto-mining industry. The problem is so pronounced that the country has been forced to import power while rationing the domestic power supply.
To add to the problem, the mining farms are powered by old coal plants and present a challenge to the government as it tries to decarbonize the country’s economy. While mining is seen as an easy way to make a quick fortune, governments are increasingly concerned that private cryptocurrencies could undermine the financial system while promoting financial crime and putting investors at risk.
An Imminent Crackdown?
The government of Kazakhstan is also planning a crackdown on unregistered miners, which it believes are consuming twice the amount of power than miners who are officially registered. The Deputy Energy Minister Murat Zhurebekov commented,
“I think we will have the directive (limiting power to unregistered miners) issued before the end of this year because this issue cannot be delayed any longer,”
However, he did not elaborate on how the government planned on locating the illegal mining operations, which are usually based in obscure locations.
Consumption Data
According to Kazakhstan’s Power Ministry, illegal miners could be consuming up to 1.2 GWt of power, which puts the consumption by miners at 8% of the total power generation capacity when combined with registered miners. While there is consensus building among miners to register themselves, they are unsure about how heavily they may be taxed.
A miner speaking on the condition of anonymity stated,
“The tax that the government plans to introduce is something that miners can afford to pay. But it is unclear what demands the government may put up further on.”
A Heavy Environmental Impact
Kazakhstan’s power tariffs are state-regulated and are kept artificially low. The government is not keen on increasing these prices as it battles inflation. Many economists are of the opinion that the country needs price reform in its energy sector. The regional economist at the European Bank for Reconstruction and Development stated,
“A price reform is definitely necessary. What we have in Kazakhstan is heavy reliance on coal with very low prices ... But this creates very big problems in meeting the obligations that Kazakhstan has taken on with regards to making the economy greener.”
Meanwhile, crypto-miners have proposed that the government allow them to invest in renewable energy, letting the industry offset taxes.
🏹SafePussy Planet🏹 is a multiplayer Play-to-Earn game on Binance Smart Chain.
Players dive into the Amazon's world and deal with them in earnest. The game is characterized by its +18🍓 theme, at that it doesn't contain any crazy content.
⛰Legend has it that a meteorite☄️ fell on the mysterious island where the Amazons lived without men. Then the warlike maidens lost the ability to satisfy themselves. The task of the players is to awaken the passion and desire of the Amazons, sometimes resorting to additional 'adult accessories'. Upon reaching the set goals, the player receives a reward💰
⚔️Game mechanics is thought out to the smallest detail. Each element of the game is important and has its own purpose. Due to this, the gameplay becomes a lot of fun🧡, since the players need not only to press buttons, but to apply strategic thinking, use imagination and ingenuity.
❗️To know more about the gameplay, follow the link: https://telegra.ph/SafePussy-Planet-ENG-version-11-07
🏹SafePussy Planet🏹 is gaining momentum and becoming the crypto-universe, with its own rules and laws. The possibilities extend far beyond the game.
💥
🔸Various NFT collections, with their own advantages and integrations into the game
🔸App for iOS and Android with VR experience
🔸Decentralized referral program allowing players to create their own micro communities in the game
💥
✅Our own innovation platform
✅Large-scale marketing around the world and a host of other things
💥
8️⃣% for ambassador program rewards and community incentives
2️⃣0️⃣% for marketing with gradual unlock
3️⃣0️⃣% for pre-sale with a lock for 7 months (Start on 15/11/2021)
2️⃣0️⃣% allocated for staking/farming
1️⃣0️⃣% for primary listing on PancakeSwap (Start on 19/12/2021)
‼️ All profit from the sale of NFT PACK AMAZON will be directed additionally to the implementation of the project.
💥
🔸5% to liquidity from every transaction
Telegram BOT: @safepussy_bot
Website: safepussy.io
Telegram Announcements : https://news.1rj.ru/str/joinchat/LXi0aMyO1gdkNDVi
Twitter: https://twitter.com/SafePussyGame
💋See you in the hottest game of the expiring year - SafePussy Planet
Players dive into the Amazon's world and deal with them in earnest. The game is characterized by its +18🍓 theme, at that it doesn't contain any crazy content.
⛰Legend has it that a meteorite☄️ fell on the mysterious island where the Amazons lived without men. Then the warlike maidens lost the ability to satisfy themselves. The task of the players is to awaken the passion and desire of the Amazons, sometimes resorting to additional 'adult accessories'. Upon reaching the set goals, the player receives a reward💰
⚔️Game mechanics is thought out to the smallest detail. Each element of the game is important and has its own purpose. Due to this, the gameplay becomes a lot of fun🧡, since the players need not only to press buttons, but to apply strategic thinking, use imagination and ingenuity.
❗️To know more about the gameplay, follow the link: https://telegra.ph/SafePussy-Planet-ENG-version-11-07
🏹SafePussy Planet🏹 is gaining momentum and becoming the crypto-universe, with its own rules and laws. The possibilities extend far beyond the game.
💥
In this GameFi project you'll get:
🔸Staking / farming on the SafePussy platform with a variety of liquidity pools🔸Various NFT collections, with their own advantages and integrations into the game
🔸App for iOS and Android with VR experience
🔸Decentralized referral program allowing players to create their own micro communities in the game
💥
Technical characteristics:
✅Listing on popular platforms and exchanges✅Our own innovation platform
✅Large-scale marketing around the world and a host of other things
💥
Smart SafePussy tokenomics:
2️⃣0️⃣% for the team with a lock for 24 months8️⃣% for ambassador program rewards and community incentives
2️⃣0️⃣% for marketing with gradual unlock
3️⃣0️⃣% for pre-sale with a lock for 7 months (Start on 15/11/2021)
2️⃣0️⃣% allocated for staking/farming
1️⃣0️⃣% for primary listing on PancakeSwap (Start on 19/12/2021)
‼️ All profit from the sale of NFT PACK AMAZON will be directed additionally to the implementation of the project.
💥
In addition a great bonus for investors:
🔸5% to holders from every transaction🔸5% to liquidity from every transaction
Telegram BOT: @safepussy_bot
Website: safepussy.io
Telegram Announcements : https://news.1rj.ru/str/joinchat/LXi0aMyO1gdkNDVi
Twitter: https://twitter.com/SafePussyGame
💋See you in the hottest game of the expiring year - SafePussy Planet
Telegraph
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🔹TEFI Token doubled in 20 days!
🔹@TedefiBot Live and Launched
Investors relish stable returns from TEFI Token inside the Tedefi Telegram Exchange @tedefibot. Considering upcoming updates to the network, the price is expected to triple by the end of the year!
@tedefibot
Token Symbol: 🔹TEFI
Token Deployment date: 19 October 2021
Max Circulating supply 🔹TEFI: 86,800,000
Tokens in Circulation: 🔹4,850,000
Current Chain: 🔸BSC
Initial price: $0.02 -
📊Expected Price at the end of Q4: ~$0.12
Instant Withdrawals inside Tedefi Exchange
Live Chart Inside Telegram
Referral Program without verifications
0x1FE78e5dfa616a3F6cDc6642a7A10dbD2C2C9383 Contract
Telegram bot: @tedefibot
Support: @tedefisupport
Website: tedefi.com
Whitepaper: https://tedefi.com/whitepaper.pdf
🔹@TedefiBot Live and Launched
Investors relish stable returns from TEFI Token inside the Tedefi Telegram Exchange @tedefibot. Considering upcoming updates to the network, the price is expected to triple by the end of the year!
@tedefibot
Token Symbol: 🔹TEFI
Token Deployment date: 19 October 2021
Max Circulating supply 🔹TEFI: 86,800,000
Tokens in Circulation: 🔹4,850,000
Current Chain: 🔸BSC
Initial price: $0.02 -
📊Expected Price at the end of Q4: ~$0.12
Instant Withdrawals inside Tedefi Exchange
Live Chart Inside Telegram
Referral Program without verifications
0x1FE78e5dfa616a3F6cDc6642a7A10dbD2C2C9383 Contract
Telegram bot: @tedefibot
Support: @tedefisupport
Website: tedefi.com
Whitepaper: https://tedefi.com/whitepaper.pdf
Brave Launches Native Browser-Based Crypto Wallet
Brave Software, makers of the crypto-friendly Brave browser, has announced the launch of Brave Wallet, its new, built-in crypto wallet for its desktop browser.
The new crypto wallet will enable Brave users to store, manage, accumulate, and swap assets from their crypto portfolio through a single, multi-asset wallet. The crypto wallet will not be featured as an extension to the Brave browser, rather, it will be browser-native. Brave claims that because of this, the wallet’s design would reduce “security risks and reliance on extra CPU and memory.” The self-custody wallet is compatible with most crypto assets, and is also compatible with other wallets and Web3 dApps.
“While countless crypto wallet options exist (hot ones and cold ones, hardware ones and software ones), most are browser extensions. These extensions have inherent security risks, are more susceptible to phishing and asset theft, and require extra background processes to run, creating performance issues on users’ devices.” Brave explained in a blog post.
Brave says that the wallet is compatible with hardware wallets such as Trezor and Ledger (without requiring users to run Ledger Live), and adds that the feature is only currently available through its desktop version, with the mobile browser version’s crypto wallet feature still under development. Brave’s legacy wallet, Crypto Wallets, is also still available, but the software firm hasn’t disclosed whether this will be deprecated soon in favor of the new Web3 wallet.
“The crypto boom has vaulted blockchain applications into the mainstream, but like any rapidly-growing innovation, this swift rise is not without challenges. One of the hurdles is the crypto wallet industry’s reliance on extensions, which introduces friction for DApp adoption and often leads to users losing funds via fake extension phishing scams,” shares Brave CTO and co-founder Brian Bondy, who has worked with Mozilla, an open-source software community, and Khan Academy, a non-profit educational organization.
Live and historical price data on the wallet are served through CoinGecko. For swapping, the wallet uses 0x as its DEX aggregator, while fiat-to-crypto payments are processed through an API integration with Wyre, a fiat/crypto gateway provider. The wallet can swap any asset that’s EVM-compatible (Ethereum Virtual MAchine), such as Polygon, xDai, and Avalanche, as well as Layer-2 protocols. Brave’s new native crypto wallet is also built with an open-source license from Mozilla (Mozilla Public License), allowing developers to file contributions and improvements to the software.
Plans for the wallet’s launch were initially disclosed by the software firm earlier in February. To date, Brave has over 42 million active users. Recently, CryptoDaily covered how Brave is integrating with the Solana blockchain. Earlier in June, the software firm also launched its own private search engine.
Brave Software, makers of the crypto-friendly Brave browser, has announced the launch of Brave Wallet, its new, built-in crypto wallet for its desktop browser.
The new crypto wallet will enable Brave users to store, manage, accumulate, and swap assets from their crypto portfolio through a single, multi-asset wallet. The crypto wallet will not be featured as an extension to the Brave browser, rather, it will be browser-native. Brave claims that because of this, the wallet’s design would reduce “security risks and reliance on extra CPU and memory.” The self-custody wallet is compatible with most crypto assets, and is also compatible with other wallets and Web3 dApps.
“While countless crypto wallet options exist (hot ones and cold ones, hardware ones and software ones), most are browser extensions. These extensions have inherent security risks, are more susceptible to phishing and asset theft, and require extra background processes to run, creating performance issues on users’ devices.” Brave explained in a blog post.
Brave says that the wallet is compatible with hardware wallets such as Trezor and Ledger (without requiring users to run Ledger Live), and adds that the feature is only currently available through its desktop version, with the mobile browser version’s crypto wallet feature still under development. Brave’s legacy wallet, Crypto Wallets, is also still available, but the software firm hasn’t disclosed whether this will be deprecated soon in favor of the new Web3 wallet.
“The crypto boom has vaulted blockchain applications into the mainstream, but like any rapidly-growing innovation, this swift rise is not without challenges. One of the hurdles is the crypto wallet industry’s reliance on extensions, which introduces friction for DApp adoption and often leads to users losing funds via fake extension phishing scams,” shares Brave CTO and co-founder Brian Bondy, who has worked with Mozilla, an open-source software community, and Khan Academy, a non-profit educational organization.
Live and historical price data on the wallet are served through CoinGecko. For swapping, the wallet uses 0x as its DEX aggregator, while fiat-to-crypto payments are processed through an API integration with Wyre, a fiat/crypto gateway provider. The wallet can swap any asset that’s EVM-compatible (Ethereum Virtual MAchine), such as Polygon, xDai, and Avalanche, as well as Layer-2 protocols. Brave’s new native crypto wallet is also built with an open-source license from Mozilla (Mozilla Public License), allowing developers to file contributions and improvements to the software.
Plans for the wallet’s launch were initially disclosed by the software firm earlier in February. To date, Brave has over 42 million active users. Recently, CryptoDaily covered how Brave is integrating with the Solana blockchain. Earlier in June, the software firm also launched its own private search engine.
🔥1,000 NEVER BEFORE SEEN IMAGES
EXCLUSIVE, SEXY, TOPLESS AND EVEN MORE Drooling faceSmiling face with hornsFire!🔥
One Holly Sonders NFT gives access to:
One album of 100 unreleased photos, $5,000-$10,000 value!
15 minute exclusive AMA Zoom for NFT holders
Holly’s NFT exclusive NFT community
Golf Day with Holly prize-draw ($2k of travel expenses paid)
NFT Holders get Early Access to future drops
Ultra-Rare Holly Christmas Collectibles
"Holly KandyKrush" game access
..and much, more more!
Tip: Collect all 10 albums to get all 1000 unreleased photos!
LAUNCHING NOVEMBER 23rd 11am EST
https://discord.gg/gqGbCmTCtD
EXCLUSIVE, SEXY, TOPLESS AND EVEN MORE Drooling faceSmiling face with hornsFire!🔥
One Holly Sonders NFT gives access to:
One album of 100 unreleased photos, $5,000-$10,000 value!
15 minute exclusive AMA Zoom for NFT holders
Holly’s NFT exclusive NFT community
Golf Day with Holly prize-draw ($2k of travel expenses paid)
NFT Holders get Early Access to future drops
Ultra-Rare Holly Christmas Collectibles
"Holly KandyKrush" game access
..and much, more more!
Tip: Collect all 10 albums to get all 1000 unreleased photos!
LAUNCHING NOVEMBER 23rd 11am EST
https://discord.gg/gqGbCmTCtD
📣⚽️World Champion Paul Pogba partnering with NFT project CryptoDragons!
🐉 🔥 After first successful stage of Reservation, during which 500 Dragon Eggs were “sold out” in seconds, CryptoDragons entered into partnership with World Champion Paul Pogba.
“Father of Dragons is here” announced Paul Pogba, along with the next available Reservation date: November 21, 12 pm EST.
🌐Visit: cryptodragons.com
🐉 🔥 After first successful stage of Reservation, during which 500 Dragon Eggs were “sold out” in seconds, CryptoDragons entered into partnership with World Champion Paul Pogba.
“Father of Dragons is here” announced Paul Pogba, along with the next available Reservation date: November 21, 12 pm EST.
🌐Visit: cryptodragons.com
Spooky Shiba - first horror-NFT project 😱
Spooky Shiba - is a BSC token, BUT the project itself is based on the interconnection with the NFT market! All token holders will automatically participate in daily and weekly lotteries with pretty curious rewards 🎁
Spooky Shiba is subject to 10% tax: 5% for the liquidity pool and 5% for a marketing wallet.
Expenses gonna be redirected to the involvement of famous YouTube bloggers and affluent Twitter personas! Ads broadcast on all main social networks and even in New York - Times Square billboard 🔥
There are 3 different NFT rarity levels: Common, Rare, and Legendary.
There will also be a set of 222 NFTs, 111 of these will be raffled off as prizes, while the remaining 111 will be available for purchase!
Future plans: HORROR METAVERSE 🤫
💭 Gonna be honest - the project looks indeed interesting and promising.
• Follow the link to buy the token: LINK
• Got any questions? You’re very welcome to our chat: ENG
Spooky Shiba - is a BSC token, BUT the project itself is based on the interconnection with the NFT market! All token holders will automatically participate in daily and weekly lotteries with pretty curious rewards 🎁
Spooky Shiba is subject to 10% tax: 5% for the liquidity pool and 5% for a marketing wallet.
Expenses gonna be redirected to the involvement of famous YouTube bloggers and affluent Twitter personas! Ads broadcast on all main social networks and even in New York - Times Square billboard 🔥
There are 3 different NFT rarity levels: Common, Rare, and Legendary.
There will also be a set of 222 NFTs, 111 of these will be raffled off as prizes, while the remaining 111 will be available for purchase!
Future plans: HORROR METAVERSE 🤫
💭 Gonna be honest - the project looks indeed interesting and promising.
• Follow the link to buy the token: LINK
• Got any questions? You’re very welcome to our chat: ENG
Celer Network’s CBridge Hits 1 Billion Milestone In Total Transactions
Celer Network is having a stellar end to the year as daily transaction volume on its bridge solution, cBridge, witnessed over 900% growth rate in the past five months. The network recently launched the cBridge 2.0 beta version, which introduces advanced bridging options and multiple blockchains.
Layer 2 scaling solution, Celer Network recently broke the 1 billion milestone in transactional volumes, data on its website shows. The cross-chain network achieved this impressive feat less than six months after it launched its bridge solution, cBridge, in June.
CBridge Hits 1 Billion In Total Transactions
Celer Network recently crossed the billion-dollar mark in total transactions made over its cross-chain bridge, cBridge. The bridging solution has enjoyed massive growth in volumes transacted following the stellar performance and high adoption rates in DeFi over the past half-year. According to the network’s analytics webpage, the cBridge scaling solution has a total transaction volume of over $907 million, as per writing, representing an impressive 27,300% increase since the start of September. Over the past 24 hours, cBridge recorded $14,442,644 in transactional volume with nearly 1,500 transactions completed.
The scaling network announced the milestone on Twitter on Thursday, further promising the Celer community of new features set to launch before the end of the year. The project aims to create a fast, secure, and scalable network following its goal to accelerate blockchain adoption across the world.
The cBridge has so far completed over 1 billion transactions in the past six months spanning over 34,729 total unique address counts.
Launched in July amidst much fanfare, the cBridge offers users a multi-chain network that allows them to easily swap assets across multiple blockchains at a low cost and with lower liquidity constraints than its counterparts. With the cBridge, users can instantly transfer tokens across the Ethereum mainnet and other layer-2 scaling solutions including Polygon, Arbitrum, Optimism, Binance Smart Chain, and Avalanche.
According to a statement from the team, Celer claims the platform enables fast, easy, and secure off-chain transactions, not only for payments but also generalized off-chain smart contracts. The platform uses generalized state channel networks and rollup technology to offer advanced layer-2 scaling solutions for decentralized applications (DApps). Additionally, cBridge aims to reduce the overly complex structures present in decentralized finance and reduce the costs involved when moving assets from one blockchain to another.
CBridge 2.0: Bridging Across Multiple Chains
Following the launch of its v. 1.0 in July, Celer Network already released its latest upgrade, cBridge beta v 2.0 earlier in the month, according to the team’s statement. The cBridge 2.0 provides advanced features and the best-in-class cross-chain token bridging experience while maintaining its highly efficient, cost-effective, and easy-to-use liquidity management systems.
The new version aims to provide exciting developer-oriented features such as general message bridging for cases like cross-chain DEX and NFTs. Additionally, it eases liquidity provision across DeFi apps by introducing highly efficient management systems for liquidity providers (LPs) who do not wish to run a node. It also minimizes the risk for simple LPs to improve their experience while bridging. LPs switching to the new upgrade can’t mint synthetic assets, there will be no volatile token pair automatic market maker (AMM), little to no impermanent loss, and no complicated
Celer Network is having a stellar end to the year as daily transaction volume on its bridge solution, cBridge, witnessed over 900% growth rate in the past five months. The network recently launched the cBridge 2.0 beta version, which introduces advanced bridging options and multiple blockchains.
Layer 2 scaling solution, Celer Network recently broke the 1 billion milestone in transactional volumes, data on its website shows. The cross-chain network achieved this impressive feat less than six months after it launched its bridge solution, cBridge, in June.
CBridge Hits 1 Billion In Total Transactions
Celer Network recently crossed the billion-dollar mark in total transactions made over its cross-chain bridge, cBridge. The bridging solution has enjoyed massive growth in volumes transacted following the stellar performance and high adoption rates in DeFi over the past half-year. According to the network’s analytics webpage, the cBridge scaling solution has a total transaction volume of over $907 million, as per writing, representing an impressive 27,300% increase since the start of September. Over the past 24 hours, cBridge recorded $14,442,644 in transactional volume with nearly 1,500 transactions completed.
The scaling network announced the milestone on Twitter on Thursday, further promising the Celer community of new features set to launch before the end of the year. The project aims to create a fast, secure, and scalable network following its goal to accelerate blockchain adoption across the world.
The cBridge has so far completed over 1 billion transactions in the past six months spanning over 34,729 total unique address counts.
Launched in July amidst much fanfare, the cBridge offers users a multi-chain network that allows them to easily swap assets across multiple blockchains at a low cost and with lower liquidity constraints than its counterparts. With the cBridge, users can instantly transfer tokens across the Ethereum mainnet and other layer-2 scaling solutions including Polygon, Arbitrum, Optimism, Binance Smart Chain, and Avalanche.
According to a statement from the team, Celer claims the platform enables fast, easy, and secure off-chain transactions, not only for payments but also generalized off-chain smart contracts. The platform uses generalized state channel networks and rollup technology to offer advanced layer-2 scaling solutions for decentralized applications (DApps). Additionally, cBridge aims to reduce the overly complex structures present in decentralized finance and reduce the costs involved when moving assets from one blockchain to another.
CBridge 2.0: Bridging Across Multiple Chains
Following the launch of its v. 1.0 in July, Celer Network already released its latest upgrade, cBridge beta v 2.0 earlier in the month, according to the team’s statement. The cBridge 2.0 provides advanced features and the best-in-class cross-chain token bridging experience while maintaining its highly efficient, cost-effective, and easy-to-use liquidity management systems.
The new version aims to provide exciting developer-oriented features such as general message bridging for cases like cross-chain DEX and NFTs. Additionally, it eases liquidity provision across DeFi apps by introducing highly efficient management systems for liquidity providers (LPs) who do not wish to run a node. It also minimizes the risk for simple LPs to improve their experience while bridging. LPs switching to the new upgrade can’t mint synthetic assets, there will be no volatile token pair automatic market maker (AMM), little to no impermanent loss, and no complicated
👉 THN is listing on GATE.io, ranked amongst the world's top 10 exchanges.
🗓 November 24th (Wednesday) at 12PM GMT+8
🧐 Learn about founders and team:
• Variety
• Forbes
• Entrepreneur
• Digital Journal
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🗓 November 24th (Wednesday) at 12PM GMT+8
🧐 Learn about founders and team:
• Variety
• Forbes
• Entrepreneur
• Digital Journal
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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IMF Keeps Opposing El Salvador’s BTC Revolution
The International Monetary Fund (IMF) is still criticizing the decision by El Salvador to adopt BTC as a legal currency, harping on matters of ‘consumer risk.’
BTC Legalized Despite IMF Opposition
In early 2021, when El Salvador had just passed its historic Bitcoin Law, signaling a new era in the remittance-dependent country, the IMF had a predictable reaction of opposing its prospects. Yet, despite its multiple warnings against the so-called risks of a BTC-legalized financial system, El Salvador had powered through with its plan. The country has launched its Bitcoin-powered Chivo Wallet app as well as established multiple ATMs to facilitate daily transactions and remittance transfer in Bitcoin.
IMF Continues Putting Up Road Blocks
It seems, however, that the IMF is determined to stubbornly hold on to its antiquated fears against BTC. On Monday, the council released a concluding statement of the 2021 Article IV mission to El Salvador, further emphasizing its notions of danger in BTC legalization. The Article IV mission is undertaken with the intention of consulting with the government officials of member countries that have requested to use IMF resources.
The statement does acknowledge that cryptocurrencies could make payment systems more efficient. However, it completely overrides the benefits of the system by refusing to keep an open mind to the nuances of the industry. Instead, the IMF has only been focusing on a laundry list of run-off-the-mill critiques.
"Given bitcoin's high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability. Its use also gives rise to fiscal contingent liabilities. Because of those risks, bitcoin should not be used as a legal tender. Staff recommends narrowing the scope of the bitcoin law and urges strengthening the regulation and supervision of the new payment ecosystem.”
President Still Very Much Pro-BTC
The statement comes on the tail end of El Salvador President Nayib Bukkele’s announcement of a crypto-funded and geothermal-powered ‘Bitcoin City.’ Last week, the President announced his plans of channeling the funds from crypto-backed bonds into the development of a zero-tax township at the base of the Conchagua volcano, featuring commercial and residential areas, entertainment venues, restaurants, an airport, and other amenities common to a modern metropolis. Commenting on the IMF’s latest statement, President Bukkele tweeted,
"Although we obviously do not agree on some things, such as the adoption of Bitcoin, the analysis it makes of our country is interesting."
The International Monetary Fund (IMF) is still criticizing the decision by El Salvador to adopt BTC as a legal currency, harping on matters of ‘consumer risk.’
BTC Legalized Despite IMF Opposition
In early 2021, when El Salvador had just passed its historic Bitcoin Law, signaling a new era in the remittance-dependent country, the IMF had a predictable reaction of opposing its prospects. Yet, despite its multiple warnings against the so-called risks of a BTC-legalized financial system, El Salvador had powered through with its plan. The country has launched its Bitcoin-powered Chivo Wallet app as well as established multiple ATMs to facilitate daily transactions and remittance transfer in Bitcoin.
IMF Continues Putting Up Road Blocks
It seems, however, that the IMF is determined to stubbornly hold on to its antiquated fears against BTC. On Monday, the council released a concluding statement of the 2021 Article IV mission to El Salvador, further emphasizing its notions of danger in BTC legalization. The Article IV mission is undertaken with the intention of consulting with the government officials of member countries that have requested to use IMF resources.
The statement does acknowledge that cryptocurrencies could make payment systems more efficient. However, it completely overrides the benefits of the system by refusing to keep an open mind to the nuances of the industry. Instead, the IMF has only been focusing on a laundry list of run-off-the-mill critiques.
"Given bitcoin's high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability. Its use also gives rise to fiscal contingent liabilities. Because of those risks, bitcoin should not be used as a legal tender. Staff recommends narrowing the scope of the bitcoin law and urges strengthening the regulation and supervision of the new payment ecosystem.”
President Still Very Much Pro-BTC
The statement comes on the tail end of El Salvador President Nayib Bukkele’s announcement of a crypto-funded and geothermal-powered ‘Bitcoin City.’ Last week, the President announced his plans of channeling the funds from crypto-backed bonds into the development of a zero-tax township at the base of the Conchagua volcano, featuring commercial and residential areas, entertainment venues, restaurants, an airport, and other amenities common to a modern metropolis. Commenting on the IMF’s latest statement, President Bukkele tweeted,
"Although we obviously do not agree on some things, such as the adoption of Bitcoin, the analysis it makes of our country is interesting."
AKIL COIN - http://AKILCOIN.COM
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The Akil team is currently developing products across multiple brands, Akil Coin, NFTs, Akil Exchange, Akil Swap etc. which offers Binance Smart Chain-based tokens, popular cryptocurrencies, and the ability to buy, sell & store.
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👑PROMO-BUY 5bnb or more to compete in our TESLA Giveaway!
The Akil team is currently developing products across multiple brands, Akil Coin, NFTs, Akil Exchange, Akil Swap etc. which offers Binance Smart Chain-based tokens, popular cryptocurrencies, and the ability to buy, sell & store.
🚀 Presale now live ! on https://www.pinksale.finance/#/launchpad/0xc7078aCE9132B179FAb67049BBCA1BEd749fB275?chain=BSC 🚀 Launch NOVEMBER 26 2021 - 8PM UTC 🚀 CG & CMC Fast tracked!
🚀 Huge Marketing Budget
🚀 Contract Address - 0xa044f630fd8151ef9CFC87D20a9CbAd88AFaB9db
Get Free Presale NFTs value up to $1000 with a sell option at Launch. For more details join us to the Official Akil Community Group http://T.me/TheAkilCoin
Tokenomics
✅TOTAL SUPPLY - 10 Trillion ✅5% BUY & SELL TAX ✅2% LIQUIDITY
✅3% BUYBACKS/MARKETING WALLET
https://hotbit.zendesk.com/hc/en-us/articles/4410300036247-Hotbit-will-launch-AKL-Akil-Coin-Recently
https://www.wboc.com/story/45166748/akil-coin-revolutionizes-the-crypto-and-nft-space-through-a-variety-of-unique-digital-assets
https://www.marketwatch.com/press-release/akil-coin-revolutionizes-the-crypto-and-nft-space-through-a-variety-of-unique-digital-assets-2021-11-10
📈 Vodka token appeared on PancakeSwap just yesterday, and has already made х10 (even up to х28!)
ℹ️ Vodka token is a collectible NFT game based on DeFi. In the game, participants mix cocktails and make money on them!
The recipe is simple: a serving of Vodka token, a serving of BNB or ETH, or USDT (one of your choice) and the NFT cocktail is ready!
❗️ There is a chance to randomly receive NFT above expectations: instead of a $ 100 cocktail, an Extra cocktail may drop out, which can be sold for $ 500.
You can also stake your NFT cocktail up to 144% APY or take part in the fair lottery and win up to 300%.
🍾 By the way, 1500 NFT cocktails are currently being drawn on the Discord Vodka token server
Terms: discord.gg/t7JeCe5Sm5
🌐 Website: vodkatoken.com
📩 Telegram: t.me/vodkatoken
🐦 Twitter: twitter.com/vodkatoken
ℹ️ Vodka token is a collectible NFT game based on DeFi. In the game, participants mix cocktails and make money on them!
The recipe is simple: a serving of Vodka token, a serving of BNB or ETH, or USDT (one of your choice) and the NFT cocktail is ready!
❗️ There is a chance to randomly receive NFT above expectations: instead of a $ 100 cocktail, an Extra cocktail may drop out, which can be sold for $ 500.
You can also stake your NFT cocktail up to 144% APY or take part in the fair lottery and win up to 300%.
🍾 By the way, 1500 NFT cocktails are currently being drawn on the Discord Vodka token server
Terms: discord.gg/t7JeCe5Sm5
🌐 Website: vodkatoken.com
📩 Telegram: t.me/vodkatoken
🐦 Twitter: twitter.com/vodkatoken
Bank Of England’s Governor Terms El Salvador’s Bitcoin Adoption A Matter Of Concern
Andrew Bailey, the Bank of England Governor, has termed El Salvador’s decision of adopting Bitcoin as legal tender “concerning.” He also added that its volatility would catch out citizens and users of BTC in El Salvador.
BTC’s Volatility A Significant Risk
The Governor made the comments while responding to questions during a Cambridge University students union.
“It concerns me that a country would choose it as its national currency. What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.”
He also stated that the International Monetary Fund (IMF) is also unhappy with El Salvador’s decision to adopt Bitcoin as legal tender.
Bank Of England Exploring Digital Currencies
Bailey also stated that the Bank of England was studying digital currencies and whether it should create its own digital currency system to help facilitate online payments and allow customers to access a secure way of holding their assets.
“There is a strong case for digital currencies, but in our view, it has to be stable, particularly if it’s being used for payments. That is not true for crypto assets.”
El Salvador’s Bitcoin Tilt
El Salvador became the first country to legalize Bitcoin and declare it as legal tender. The president of El Salvador, Nayib Bukele, claimed that this move would allow a significant portion of Salvadorans to access banking and financial services. It would also allow them to save around $400 million in fees when sending remittances back home from other countries.
El Salvador’s parliament approved the proposal in June, allowing Bitcoin to be accepted as a mode of payment for goods and services in the country.
Salvadorans Cagey About Bitcoin
Despite Bukele’s conviction, opinion polls on the ground seem to paint a different picture, stating that a majority of El Salvador’s population rejects the idea of BTC and would continue to use the US Dollar, which has been El Salvador’s legal currency for 20 years.
Several economists, and international organizations such as the International Monetary Fund, World Bank, and Inter-American Development Bank, have all expressed concern regarding the adoption of Bitcoin by El Salvador. Cryptocurrencies have seen a significant increase in popularity, despite furious debate around their status in government and financial circles.
IMF Highly Critical Of El Salvador
The International Monetary Fund (IMF) is still highly critical about El Salvador’s decision to adopt Bitcoin as legal tender, pointing at issues related to consumer risk. El Salvador went ahead and legalized Bitcoin at the start of 2021, despite strong opposition from the IMF.
The IMF, stepping up its criticism directed towards El Salvador, released a statement emphasizing the dangers of the legalization of Bitcoin on Monday.
Andrew Bailey, the Bank of England Governor, has termed El Salvador’s decision of adopting Bitcoin as legal tender “concerning.” He also added that its volatility would catch out citizens and users of BTC in El Salvador.
BTC’s Volatility A Significant Risk
The Governor made the comments while responding to questions during a Cambridge University students union.
“It concerns me that a country would choose it as its national currency. What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.”
He also stated that the International Monetary Fund (IMF) is also unhappy with El Salvador’s decision to adopt Bitcoin as legal tender.
Bank Of England Exploring Digital Currencies
Bailey also stated that the Bank of England was studying digital currencies and whether it should create its own digital currency system to help facilitate online payments and allow customers to access a secure way of holding their assets.
“There is a strong case for digital currencies, but in our view, it has to be stable, particularly if it’s being used for payments. That is not true for crypto assets.”
El Salvador’s Bitcoin Tilt
El Salvador became the first country to legalize Bitcoin and declare it as legal tender. The president of El Salvador, Nayib Bukele, claimed that this move would allow a significant portion of Salvadorans to access banking and financial services. It would also allow them to save around $400 million in fees when sending remittances back home from other countries.
El Salvador’s parliament approved the proposal in June, allowing Bitcoin to be accepted as a mode of payment for goods and services in the country.
Salvadorans Cagey About Bitcoin
Despite Bukele’s conviction, opinion polls on the ground seem to paint a different picture, stating that a majority of El Salvador’s population rejects the idea of BTC and would continue to use the US Dollar, which has been El Salvador’s legal currency for 20 years.
Several economists, and international organizations such as the International Monetary Fund, World Bank, and Inter-American Development Bank, have all expressed concern regarding the adoption of Bitcoin by El Salvador. Cryptocurrencies have seen a significant increase in popularity, despite furious debate around their status in government and financial circles.
IMF Highly Critical Of El Salvador
The International Monetary Fund (IMF) is still highly critical about El Salvador’s decision to adopt Bitcoin as legal tender, pointing at issues related to consumer risk. El Salvador went ahead and legalized Bitcoin at the start of 2021, despite strong opposition from the IMF.
The IMF, stepping up its criticism directed towards El Salvador, released a statement emphasizing the dangers of the legalization of Bitcoin on Monday.
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Today we surpassed the milestone of 80,000 🔹Tedefi Exchange users! 🎉
Expected Price at the end of December: ~$0.5$ + 495% 🔥
This Week completed updates:🎉
💙TrustWallet Integrated
🦊Metamask Integrated
🕶Deposit confirmation speed optimized
🔧Minor bug fixes
Next two weeks plan: 🔹
P2P Transfers Inside 🔹TedefiBot
🖇New trading pairs implementation
🔐Staking Airdrop announcement 🔥
@TedefiBot
First Live Exchange for Trading based on Telegram
LIVE CHART TEFI COIN BASED ON BINANCE CHAIN🔸I
Investors relish stable returns from TEFI Token inside the Tedefi Telegram Exchange @Tedefibot. Considering upcoming updates to the network, the price is expected to triple by the end of the year!
📠Tedefi Information
🔹Token Symbol: TEFI
🔹Network: Smartchain
🔹Circulating Supply: 25,050,000 TEFI
🔹Max Circulating Supply: 86,800,000 TEFI
📠Tedefi Chart
✅7 Days : +20.70%
✅30 Days : +190.70%
✅Expected Price at the end of December: ~$0.5$ + 495% 🔥
📠TedefiBot Features
🔸Live Chart Inside Telegram
🔸Referral Program without verifications
🔸Instant Withdrawals inside Tedefi Exchange
📠Useful Links
👉 Website Tedefi.com
👉 Team P2PBlockchain.org
👉 Telegram bot @TedefiBot
#First Telegram Exchange Platform
#Unique Telegram-Based Technology
@TedefiBot
Expected Price at the end of December: ~$0.5$ + 495% 🔥
This Week completed updates:🎉
💙TrustWallet Integrated
🦊Metamask Integrated
🕶Deposit confirmation speed optimized
🔧Minor bug fixes
Next two weeks plan: 🔹
P2P Transfers Inside 🔹TedefiBot
🖇New trading pairs implementation
🔐Staking Airdrop announcement 🔥
@TedefiBot
First Live Exchange for Trading based on Telegram
LIVE CHART TEFI COIN BASED ON BINANCE CHAIN🔸I
Investors relish stable returns from TEFI Token inside the Tedefi Telegram Exchange @Tedefibot. Considering upcoming updates to the network, the price is expected to triple by the end of the year!
📠Tedefi Information
🔹Token Symbol: TEFI
🔹Network: Smartchain
🔹Circulating Supply: 25,050,000 TEFI
🔹Max Circulating Supply: 86,800,000 TEFI
📠Tedefi Chart
✅7 Days : +20.70%
✅30 Days : +190.70%
✅Expected Price at the end of December: ~$0.5$ + 495% 🔥
📠TedefiBot Features
🔸Live Chart Inside Telegram
🔸Referral Program without verifications
🔸Instant Withdrawals inside Tedefi Exchange
📠Useful Links
👉 Website Tedefi.com
👉 Team P2PBlockchain.org
👉 Telegram bot @TedefiBot
#First Telegram Exchange Platform
#Unique Telegram-Based Technology
@TedefiBot