Report: East African Single Currency Unlikely to Be Introduced by 2024
There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap.
Central banks from an African economic union, the East African Community (EAC) are reportedly unsure if plans to introduce a single currency for the region by the year 2024 will be realized. The central banks cite some member states’ failure to meet targets as set out in the roadmap as one of the reasons why the single currency is unlikely to take off as planned.
As per a report in the East African, members of the six-nation East African Community hope that the envisaged common currency will help reduce the costs associated with converting currencies. There are also hopes the single currency, whose attainment is one of the EAC’s priorities for the period between 2022 and 2026, will eliminate the exchange rate volatility that comes with cross-border trading.
Meanwhile, in a communique reportedly released on August 22, the EAC confirmed that delays and other challenges meant the regional bloc cannot have a single currency by 2024 as planned.
“The Committee noted that there have been delays in realising targets set out in the EAMU East African Monetary Union roadmap and that there are several challenges that could further impede the timely implementation of EAMU protocol. Therefore, the Committee pledged to work with the EAC Secretariat and other stakeholders in the EAC integration process to fast-track pending activities of the EAMU roadmap,” the EAC communique explained.
Still, despite its acknowledgement that the process to establish a single regional currency has been beset by challenges, the EAC nonetheless claimed that partner states’ central banks had achieved some progress.
According to the East African report, some of the central banks’ achievements include the creation of the East African Monetary Union (EAMU) as well as the harmonization of forex and monetary policies.
Other achievements are said to be the harmonization of regulatory regimes, the improvement of cybersecurity frameworks, and the application of measures which strengthen payment systems.
There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap.
Central banks from an African economic union, the East African Community (EAC) are reportedly unsure if plans to introduce a single currency for the region by the year 2024 will be realized. The central banks cite some member states’ failure to meet targets as set out in the roadmap as one of the reasons why the single currency is unlikely to take off as planned.
As per a report in the East African, members of the six-nation East African Community hope that the envisaged common currency will help reduce the costs associated with converting currencies. There are also hopes the single currency, whose attainment is one of the EAC’s priorities for the period between 2022 and 2026, will eliminate the exchange rate volatility that comes with cross-border trading.
Meanwhile, in a communique reportedly released on August 22, the EAC confirmed that delays and other challenges meant the regional bloc cannot have a single currency by 2024 as planned.
“The Committee noted that there have been delays in realising targets set out in the EAMU East African Monetary Union roadmap and that there are several challenges that could further impede the timely implementation of EAMU protocol. Therefore, the Committee pledged to work with the EAC Secretariat and other stakeholders in the EAC integration process to fast-track pending activities of the EAMU roadmap,” the EAC communique explained.
Still, despite its acknowledgement that the process to establish a single regional currency has been beset by challenges, the EAC nonetheless claimed that partner states’ central banks had achieved some progress.
According to the East African report, some of the central banks’ achievements include the creation of the East African Monetary Union (EAMU) as well as the harmonization of forex and monetary policies.
Other achievements are said to be the harmonization of regulatory regimes, the improvement of cybersecurity frameworks, and the application of measures which strengthen payment systems.
US Judge Allows Voyager Digital to Pay $1.9M in Employees ‘Retention’ Bonuses
Under Voyager’s “key employee retention plan” or KERP, the company will be allowed to make payments to its non-insider employees whom the company sees as key assets for their revival plans.
Troubled cryptocurrency lender Voyager Digital filed for Chapter 11 bankruptcy last month following the Q2 2022 market crash and severe liquidations. Federal court judge Michael Wiles recently signed orders allowing crypto lenders to pay up to $1.9 million as Voyager Digital’s employee retention bonuses.
Reportedly, there are 30 employees of Voyager eligible to receive the “retention” award. Judge Michael Wiles agreed to seal their names and noscripts. Voyager’s “key employee retention plan” or KERP will allow the troubled crypto lender to make payments to its non-insider employees whom the company sees as key assets for their revival plans.
Voyager said that the compensation for those employees has changed in recent months as their equity depreciated. In its request for the funds Voyager noted:
“The departure of the Debtors’ key employees during these chapter 11 cases would destroy value, harm the Debtors’ restructuring process, and adversely affect the Debtors’ ability to operate in the ordinary course upon emergence”.
The troubled crypto lender Voyagel digital had filed for authorization earlier this month which was opposed by the company’s creditors last Friday. Bankruptcy watchdog US Trustee’s Office, operating under the Department of Justice, also objected to the potential recipient’s names and noscripts, adding that they might not be eligible to receive the bonuses. But during the hearing, Michael Slade, an attorney with Kirkland & Ellis representing Voyager, said:
“This program does not involve the senior management team, and data about these individuals would typically not exist in the public domain. We note that no creditor or shareholder or economic stakeholder has objected to the motion to seal. We provided this information to the UCC Official Committee of Unsecured Creditors, which was the only party to ask us for it and the United States Trustee’s office. The information has not been withheld from anyone who asked for it”.
Richard Morrissey, an attorney with the US Trustee’s office has called Voyager’s concerns “speculative”. Morrissey noted that hundreds of his customers have asked his office questions about the process.
During the hearing, Voyager Digital confirmed that no senior management positions would qualify among those employees receiving the retention money. Furthermore, Slade that Voyager is implementing some cost-cutting measures over the next month. This could further results in annual savings of $4.6 million.
Under Voyager’s “key employee retention plan” or KERP, the company will be allowed to make payments to its non-insider employees whom the company sees as key assets for their revival plans.
Troubled cryptocurrency lender Voyager Digital filed for Chapter 11 bankruptcy last month following the Q2 2022 market crash and severe liquidations. Federal court judge Michael Wiles recently signed orders allowing crypto lenders to pay up to $1.9 million as Voyager Digital’s employee retention bonuses.
Reportedly, there are 30 employees of Voyager eligible to receive the “retention” award. Judge Michael Wiles agreed to seal their names and noscripts. Voyager’s “key employee retention plan” or KERP will allow the troubled crypto lender to make payments to its non-insider employees whom the company sees as key assets for their revival plans.
Voyager said that the compensation for those employees has changed in recent months as their equity depreciated. In its request for the funds Voyager noted:
“The departure of the Debtors’ key employees during these chapter 11 cases would destroy value, harm the Debtors’ restructuring process, and adversely affect the Debtors’ ability to operate in the ordinary course upon emergence”.
The troubled crypto lender Voyagel digital had filed for authorization earlier this month which was opposed by the company’s creditors last Friday. Bankruptcy watchdog US Trustee’s Office, operating under the Department of Justice, also objected to the potential recipient’s names and noscripts, adding that they might not be eligible to receive the bonuses. But during the hearing, Michael Slade, an attorney with Kirkland & Ellis representing Voyager, said:
“This program does not involve the senior management team, and data about these individuals would typically not exist in the public domain. We note that no creditor or shareholder or economic stakeholder has objected to the motion to seal. We provided this information to the UCC Official Committee of Unsecured Creditors, which was the only party to ask us for it and the United States Trustee’s office. The information has not been withheld from anyone who asked for it”.
Richard Morrissey, an attorney with the US Trustee’s office has called Voyager’s concerns “speculative”. Morrissey noted that hundreds of his customers have asked his office questions about the process.
During the hearing, Voyager Digital confirmed that no senior management positions would qualify among those employees receiving the retention money. Furthermore, Slade that Voyager is implementing some cost-cutting measures over the next month. This could further results in annual savings of $4.6 million.
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Markets Rebound
Bitcoin was back above $20,000 on Tuesday, as bulls seemingly moved in to buy following the recent dip in price. The token dropped to a multi-week low over the weekend, however prices have now risen in back-to-back sessions. Ethereum was also in the green, as prices briefly recaptured $1,600.
Bitcoin (BTC) was trading higher for a second consecutive session, as the token rallied back above $20,000 following recent declines.
BTC/USD dropped to a low of $19,600.79 on Sunday, however after two days of gains, prices reached a peak of $20,542.64 earlier today.
This move sees bitcoin attempt to move back towards a key support/resistance point at $20,800, five days after falling below the mark.
Looking at the chart, Tuesday’s rally has come as the relative strength index (RSI) rebounded from its own floor to start the week.
The RSI climbed from a support point at 29.00, and is now tracking at a reading of 38.20, which is marginally above its 38.00 ceiling.
Should this week’s uptrend continue, the index will likely reach a higher resistance point of 41.50, which will be enough to send prices above $20,800.
Like bitcoin, ethereum (ETH) also had a turbulent weekend, which saw prices fall to a one-month low.
During the weekend, ETH/USD hit a low of $1,427.73, which is its weakest point since July 26, taking prices close to a key floor at $1,420.
However, gains yesterday — and so far in today’s session — have sent the token to an intraday high of $1,600.46.
This sees the world’s second largest cryptocurrency climb by almost 10% from its low of $1,448.13 on Monday.
As of writing, ETH continues to trade above a key support point at $1,550, and this comes as its RSI edges closer to a potential hurdle.
A ceiling of 50.00 awaits the index, which is currently tracking at 47.00, which could potentially see bears back into the market, putting a stop to the recent rebounds.
Bitcoin was back above $20,000 on Tuesday, as bulls seemingly moved in to buy following the recent dip in price. The token dropped to a multi-week low over the weekend, however prices have now risen in back-to-back sessions. Ethereum was also in the green, as prices briefly recaptured $1,600.
Bitcoin (BTC) was trading higher for a second consecutive session, as the token rallied back above $20,000 following recent declines.
BTC/USD dropped to a low of $19,600.79 on Sunday, however after two days of gains, prices reached a peak of $20,542.64 earlier today.
This move sees bitcoin attempt to move back towards a key support/resistance point at $20,800, five days after falling below the mark.
Looking at the chart, Tuesday’s rally has come as the relative strength index (RSI) rebounded from its own floor to start the week.
The RSI climbed from a support point at 29.00, and is now tracking at a reading of 38.20, which is marginally above its 38.00 ceiling.
Should this week’s uptrend continue, the index will likely reach a higher resistance point of 41.50, which will be enough to send prices above $20,800.
Like bitcoin, ethereum (ETH) also had a turbulent weekend, which saw prices fall to a one-month low.
During the weekend, ETH/USD hit a low of $1,427.73, which is its weakest point since July 26, taking prices close to a key floor at $1,420.
However, gains yesterday — and so far in today’s session — have sent the token to an intraday high of $1,600.46.
This sees the world’s second largest cryptocurrency climb by almost 10% from its low of $1,448.13 on Monday.
As of writing, ETH continues to trade above a key support point at $1,550, and this comes as its RSI edges closer to a potential hurdle.
A ceiling of 50.00 awaits the index, which is currently tracking at 47.00, which could potentially see bears back into the market, putting a stop to the recent rebounds.
‼️THIS IS A MUST READ‼️
NFT Apparel has just launched its Minting as a Service (MAAS)!
MaaS is a zero code Minting dApp factory that enables any artist with a collection of artworks to deploy a mint even for their collection in a matter of minutes. The ecosystem handles the entire process of the NFT minting dApp deployment from Smart contract creation and deployment through to the individuals' web page and URL.
🚀PUBLIC SEED ROUND TAKING PLACE SOON!🚀
NFT Apparel is set to hold its first stage Public Seed Sale set to go live on the 15th of September and interest around the company in the VC space growing.
✅SOUND INVESTMENT BECAUSE
👉Doxxed Dev team
👉The team has a locked vesting schedule
👉Team have been building for months!
Find out about seed sale: https://news.1rj.ru/str/NFTApparelOfficial
Mint your NFT collection: https://mint.nftapparel.com.au/
NFT Apparel has just launched its Minting as a Service (MAAS)!
MaaS is a zero code Minting dApp factory that enables any artist with a collection of artworks to deploy a mint even for their collection in a matter of minutes. The ecosystem handles the entire process of the NFT minting dApp deployment from Smart contract creation and deployment through to the individuals' web page and URL.
🚀PUBLIC SEED ROUND TAKING PLACE SOON!🚀
NFT Apparel is set to hold its first stage Public Seed Sale set to go live on the 15th of September and interest around the company in the VC space growing.
✅SOUND INVESTMENT BECAUSE
👉Doxxed Dev team
👉The team has a locked vesting schedule
👉Team have been building for months!
Find out about seed sale: https://news.1rj.ru/str/NFTApparelOfficial
Mint your NFT collection: https://mint.nftapparel.com.au/
Bitcoin’s Mining Difficulty Change Prints 2022’s Second Largest Increase — Metric Nears All-Time High
On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s now 11.63% harder to find bitcoin block reward.
Bitcoin (BTC) has experienced the third difficulty increase this month as the difficulty increased by 9.26% on August 31. The difficulty change took place at block height 751,968, and the 9.26% jump is the second biggest this year. The largest rise in 2022 took place 223 days ago on January 20, 2022, at block height 719,712.
Currently, the difficulty is 30.98 trillion, which is only 0.27 below the network difficulty’s all-time high (ATH) at 31.25 trillion on May 10, 2022. With bitcoin’s lower USD value and a 9.26% difficulty increase, miners have been dealt a blow. In fact, the last three difficulty increases have made it 11.63% harder to find a bitcoin block reward prior to August 4.
On August 4, at block height 747,936, Bitcoin’s mining difficulty rose by 1.74% and two weeks later, it increased again by 0.63%. Five days ago, Bitcoin News reported on the community discussing the possibility of the difficulty seeing a notable rise. On August 25, Blocksbridge Consulting tweeted that it was expecting “a notable difficulty jump.”
Furthermore, during that same week, Bitcoin’s hashrate spiked to 282.21 exahash per second (EH/s). The hashrate was roughly 3.35% lower than the all-time high (ATH) recorded on June 8, 2022, at block height 739,928. At the time of writing, Bitcoin’s hashrate is coasting along at 236.33 EH/s.
The difficulty rise and the lower BTC value has not affected miners yet as the hashrate continues to run at elevated speeds. The difficulty increases when 2,016 bitcoin block rewards are discovered ‘too fast,’ and the metric decreases when the block discovery time or interval is ‘too slow.’
Satoshi Nakamoto’s design makes it so roughly every ten minutes, a new BTC block is found as the DAA system is modeled by a Poisson distribution scheme. The average block interval at the time of writing is 7:59 minutes, which means if the next 2,016 bitcoin block rewards are discovered ‘too fast,’ the next difficulty is estimated to increase again.
There are roughly 1,964 BTC block rewards left until the next difficulty shift and it is estimated to take place on September 12, 2022. If the rise is higher on that day, there’s a great possibility that the network’s difficulty could very well surpass the ATH recorded 113 days ago on May 10, 2022.
On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s now 11.63% harder to find bitcoin block reward.
Bitcoin (BTC) has experienced the third difficulty increase this month as the difficulty increased by 9.26% on August 31. The difficulty change took place at block height 751,968, and the 9.26% jump is the second biggest this year. The largest rise in 2022 took place 223 days ago on January 20, 2022, at block height 719,712.
Currently, the difficulty is 30.98 trillion, which is only 0.27 below the network difficulty’s all-time high (ATH) at 31.25 trillion on May 10, 2022. With bitcoin’s lower USD value and a 9.26% difficulty increase, miners have been dealt a blow. In fact, the last three difficulty increases have made it 11.63% harder to find a bitcoin block reward prior to August 4.
On August 4, at block height 747,936, Bitcoin’s mining difficulty rose by 1.74% and two weeks later, it increased again by 0.63%. Five days ago, Bitcoin News reported on the community discussing the possibility of the difficulty seeing a notable rise. On August 25, Blocksbridge Consulting tweeted that it was expecting “a notable difficulty jump.”
Furthermore, during that same week, Bitcoin’s hashrate spiked to 282.21 exahash per second (EH/s). The hashrate was roughly 3.35% lower than the all-time high (ATH) recorded on June 8, 2022, at block height 739,928. At the time of writing, Bitcoin’s hashrate is coasting along at 236.33 EH/s.
The difficulty rise and the lower BTC value has not affected miners yet as the hashrate continues to run at elevated speeds. The difficulty increases when 2,016 bitcoin block rewards are discovered ‘too fast,’ and the metric decreases when the block discovery time or interval is ‘too slow.’
Satoshi Nakamoto’s design makes it so roughly every ten minutes, a new BTC block is found as the DAA system is modeled by a Poisson distribution scheme. The average block interval at the time of writing is 7:59 minutes, which means if the next 2,016 bitcoin block rewards are discovered ‘too fast,’ the next difficulty is estimated to increase again.
There are roughly 1,964 BTC block rewards left until the next difficulty shift and it is estimated to take place on September 12, 2022. If the rise is higher on that day, there’s a great possibility that the network’s difficulty could very well surpass the ATH recorded 113 days ago on May 10, 2022.
Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end.
Deloitte, one of the Big Four accounting firms, published the results of its CFO Signals Survey for the third quarter earlier this week. The survey, conducted between Aug. 1 and 15, had the participation of 112 chief financial officers (CFOs) across the U.S., Canada, and Mexico. Deloitte explained that they represent diversified large companies, noting that 84% of respondents reported revenue in excess of $1 billion and more than one-quarter are from companies with greater than $10 billion in annual revenue.
According to Deloitte:
Forty-six percent of surveyed CFOs expect the North American economy to be in a recession by the new year.
The financial services firm detailed that CFOs are taking various actions to prepare for a recession, including reducing or closely managing operating expenses, controlling headcount, limiting hiring, and increasing productivity.
Furthermore, a number of CFOs said they are evaluating their customers, services, and products to identify opportunities to help recession-proof their organizations. Deloitte additionally found:
Slightly more than one-third of CFOs (39%) noted they expect the North American economy to be in a period of stagflation by 2023.
“Another 15% expressed a more optimistic outlook, indicating they expect the region’s economy to be growing with low-to-moderate inflation by 2023,” the firm described.
Regarding capital market assessment, 30% of CFOs believe U.S. equities were overvalued in this quarter’s survey. “47% indicated U.S. equities were neither overvalued nor undervalued, while 24% viewed them as being undervalued,” Deloitte noted.
Many people are worried that the Federal Reserve’s hawkish stance will push the U.S. economy into recession following Fed Chairman Jerome Powell’s speech in Jackson Hole, Wyoming. Among them is U.S. Senator Elizabeth Warren (D-MA) who said: “I’m very worried that the Fed is going to tip this economy into recession.”
An independent survey published last week showed that 72% of economists polled by the National Association of Business Economics expect the U.S. economy to be in recession by the middle of next year. Nearly one in five (19%) economists surveyed said the U.S. economy is already in a recession. Another survey conducted by Stifel Financial last month showed that 97% of U.S. executives are already bracing for a recession.
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end.
Deloitte, one of the Big Four accounting firms, published the results of its CFO Signals Survey for the third quarter earlier this week. The survey, conducted between Aug. 1 and 15, had the participation of 112 chief financial officers (CFOs) across the U.S., Canada, and Mexico. Deloitte explained that they represent diversified large companies, noting that 84% of respondents reported revenue in excess of $1 billion and more than one-quarter are from companies with greater than $10 billion in annual revenue.
According to Deloitte:
Forty-six percent of surveyed CFOs expect the North American economy to be in a recession by the new year.
The financial services firm detailed that CFOs are taking various actions to prepare for a recession, including reducing or closely managing operating expenses, controlling headcount, limiting hiring, and increasing productivity.
Furthermore, a number of CFOs said they are evaluating their customers, services, and products to identify opportunities to help recession-proof their organizations. Deloitte additionally found:
Slightly more than one-third of CFOs (39%) noted they expect the North American economy to be in a period of stagflation by 2023.
“Another 15% expressed a more optimistic outlook, indicating they expect the region’s economy to be growing with low-to-moderate inflation by 2023,” the firm described.
Regarding capital market assessment, 30% of CFOs believe U.S. equities were overvalued in this quarter’s survey. “47% indicated U.S. equities were neither overvalued nor undervalued, while 24% viewed them as being undervalued,” Deloitte noted.
Many people are worried that the Federal Reserve’s hawkish stance will push the U.S. economy into recession following Fed Chairman Jerome Powell’s speech in Jackson Hole, Wyoming. Among them is U.S. Senator Elizabeth Warren (D-MA) who said: “I’m very worried that the Fed is going to tip this economy into recession.”
An independent survey published last week showed that 72% of economists polled by the National Association of Business Economics expect the U.S. economy to be in recession by the middle of next year. Nearly one in five (19%) economists surveyed said the U.S. economy is already in a recession. Another survey conducted by Stifel Financial last month showed that 97% of U.S. executives are already bracing for a recession.
Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge
While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.”
On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s August production report which talks about a “record monthly BTC production” and the appointment of a new general counsel member. Hive also discussed the upcoming Ethereum network transition from proof-of-work (PoW) to proof-of-stake (PoS).
Hive dedicated 6.49 terahash per second (TH/s) of Ethash hashrate toward the Ethereum chain in August and saw an average of 6.19 TH/s during the last 30 days. The publicly listed mining operation also talked about the Bellatrix upgrade and the estimated Merge date. The company has been preparing for the transition and will dedicate its GPU hashrate elsewhere.
“Hive has already commenced analysis of mining other GPU mineable coins with its fleet of GPUs, and is implementing beta-testing this week, prior to [The Merge],” Hive said on Tuesday. “The company’s technical team is implementing a strategy to optimize the hashrate economics of the 6.5 Terahash of Ethereum mining capacity in the event of Ethereum’s transition to proof-of-stake, across various other GPU mineable coins.”
Most of Hive’s mining capacity is dedicated to mining bitcoin (BTC) but it also noted that mining ethereum has been profitable. Hive notes that the company’s ethereum mining operations have “historically generated 3 to 4 times more revenue per megawatt than bitcoin mining.”
In August Hive managed to acquire 518.8 BTC and accrued 16.7 BTC per day. Hive claims to have close to 4 exahash or 3,900,000 terahash dedicated to the Bitcoin blockchain. Hive said it saw “a peak BTC Equivalent Hashrate of 3.92 Exahash in August, with [an] average hashrate of 3.70 Exahash of BTC Equivalent Hashrate throughout August.”
While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.”
On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s August production report which talks about a “record monthly BTC production” and the appointment of a new general counsel member. Hive also discussed the upcoming Ethereum network transition from proof-of-work (PoW) to proof-of-stake (PoS).
Hive dedicated 6.49 terahash per second (TH/s) of Ethash hashrate toward the Ethereum chain in August and saw an average of 6.19 TH/s during the last 30 days. The publicly listed mining operation also talked about the Bellatrix upgrade and the estimated Merge date. The company has been preparing for the transition and will dedicate its GPU hashrate elsewhere.
“Hive has already commenced analysis of mining other GPU mineable coins with its fleet of GPUs, and is implementing beta-testing this week, prior to [The Merge],” Hive said on Tuesday. “The company’s technical team is implementing a strategy to optimize the hashrate economics of the 6.5 Terahash of Ethereum mining capacity in the event of Ethereum’s transition to proof-of-stake, across various other GPU mineable coins.”
Most of Hive’s mining capacity is dedicated to mining bitcoin (BTC) but it also noted that mining ethereum has been profitable. Hive notes that the company’s ethereum mining operations have “historically generated 3 to 4 times more revenue per megawatt than bitcoin mining.”
In August Hive managed to acquire 518.8 BTC and accrued 16.7 BTC per day. Hive claims to have close to 4 exahash or 3,900,000 terahash dedicated to the Bitcoin blockchain. Hive said it saw “a peak BTC Equivalent Hashrate of 3.92 Exahash in August, with [an] average hashrate of 3.70 Exahash of BTC Equivalent Hashrate throughout August.”
ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group’s ethereum ETP (ZETH) will be issued with “units of the new security free of charge on a 1:1 unit basis.”
The Etc Group, a provider of institutional-grade digital asset-backed securities, has said it will list a new exchange-traded product (ETP) based on a hard fork of the Ethereum blockchain that is likely to occur after the so-called “Merge.” According to a statement issued by the securities provider, the ETP will be listed on the German exchange Xetra on September 16, a day after the forking event.
As outlined in the securities provider’s statement, holders of Etc Group’s current ethereum ETP (ZETH) will be issued with “units of the new security free of charge on a 1:1 unit basis.” The statement explained that the new units will be “in addition to their existing ZETH holdings which will persist and be backed by ETH as before.”
As the Ethereum blockchain’s anticipated switch from a proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism approaches, a number of crypto experts believe The Merge will see some “miners forking ETH to keep a PoW version so they can continue mining.” As a consequence, current ETH holders will likely receive airdrops of a new altcoin called ETHW.
Explaining the reasons behind the Etc Group’s plan to list the ETP, the organization’s founder and co-CEO, Bradley Duke, said:
“When we launched Etc Group, we committed to holders of our digital asset-backed securities that they would benefit from hard forks to the underlying digital assets and cryptocurrencies. In line with this and our demonstrated leadership of the digital asset industry, any holders of our Ethereum-based ETP (ZETH) will receive, at no cost, matching units of the new Ethereum PoW ETP soon after the Ethereum Hard Fork occurs, which we’re expecting around September 15.”
Before announcing plans to list the new ETP, the Etc Group had released a research report explaining The Merge and what will likely happen after September 15. The fate of ETH miners as well as the forked chain’s chances of succeeding are also examined.
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group’s ethereum ETP (ZETH) will be issued with “units of the new security free of charge on a 1:1 unit basis.”
The Etc Group, a provider of institutional-grade digital asset-backed securities, has said it will list a new exchange-traded product (ETP) based on a hard fork of the Ethereum blockchain that is likely to occur after the so-called “Merge.” According to a statement issued by the securities provider, the ETP will be listed on the German exchange Xetra on September 16, a day after the forking event.
As outlined in the securities provider’s statement, holders of Etc Group’s current ethereum ETP (ZETH) will be issued with “units of the new security free of charge on a 1:1 unit basis.” The statement explained that the new units will be “in addition to their existing ZETH holdings which will persist and be backed by ETH as before.”
As the Ethereum blockchain’s anticipated switch from a proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism approaches, a number of crypto experts believe The Merge will see some “miners forking ETH to keep a PoW version so they can continue mining.” As a consequence, current ETH holders will likely receive airdrops of a new altcoin called ETHW.
Explaining the reasons behind the Etc Group’s plan to list the ETP, the organization’s founder and co-CEO, Bradley Duke, said:
“When we launched Etc Group, we committed to holders of our digital asset-backed securities that they would benefit from hard forks to the underlying digital assets and cryptocurrencies. In line with this and our demonstrated leadership of the digital asset industry, any holders of our Ethereum-based ETP (ZETH) will receive, at no cost, matching units of the new Ethereum PoW ETP soon after the Ethereum Hard Fork occurs, which we’re expecting around September 15.”
Before announcing plans to list the new ETP, the Etc Group had released a research report explaining The Merge and what will likely happen after September 15. The fate of ETH miners as well as the forked chain’s chances of succeeding are also examined.
🔥 Battle Infinity Is Up By 700% After PancakeSwap Listing & It Is Now Listed On CoinMarketCap🔥
🔥Fill Your Bags With $IBAT On CoinMarketCap Exchange & Become A Holder Of A Token That Sold Out Its Pre-Sale 65 Days Early & Raised 16500 BNB, And Is Expected To Continue Rocketing! 🚀 📈
🔥 $IBAT’s listing on CoinMarketCap will likely lead to a further increase in the price! So Don’t Miss Out!
🚀 Join The Multiverse Of Metaverse
TOKEN INFO:
💲Current Price On LBANK -$0.0040
🖇 Trading Pair: IBAT/BNB
🤖Battle Infinity is a new metaverse platform with play-to-earn (P2E) mechanics.
🔥Built-in fantasy sports league with NFT integration
💎BAT has a total token supply of 10 billion
💵$IBAT is also liquidity locked (1-year Lockup)
🚀 IBAT rocked to over 5x the listing price after launch and is currently sitting at over 3x
🔥Yes-More Exchange Listings On The Way (So Don't Miss Out!)
🚫Rug-pull protected - KYC’d on Coinsniper
💰BUY ON COINMARKETCAP💰
💎 JOIN OUR COMMUNITY 💎
🔥Fill Your Bags With $IBAT On CoinMarketCap Exchange & Become A Holder Of A Token That Sold Out Its Pre-Sale 65 Days Early & Raised 16500 BNB, And Is Expected To Continue Rocketing! 🚀 📈
🔥 $IBAT’s listing on CoinMarketCap will likely lead to a further increase in the price! So Don’t Miss Out!
🚀 Join The Multiverse Of Metaverse
TOKEN INFO:
💲Current Price On LBANK -$0.0040
🖇 Trading Pair: IBAT/BNB
🤖Battle Infinity is a new metaverse platform with play-to-earn (P2E) mechanics.
🔥Built-in fantasy sports league with NFT integration
💎BAT has a total token supply of 10 billion
💵$IBAT is also liquidity locked (1-year Lockup)
🚀 IBAT rocked to over 5x the listing price after launch and is currently sitting at over 3x
🔥Yes-More Exchange Listings On The Way (So Don't Miss Out!)
🚫Rug-pull protected - KYC’d on Coinsniper
💰BUY ON COINMARKETCAP💰
💎 JOIN OUR COMMUNITY 💎
Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second home, and more.”
The U.S. Department of Justice (DOJ) announced Thursday that Joshua David Nicholas has pleaded guilty for his role as the “head trader” in a “global cryptocurrency investment fraud scheme that amassed approximately $100 million from investors.”
The 28-year-old Florida man admitted that he and others made numerous misrepresentations about Empiresx, a purported cryptocurrency platform, to investors, including promising “guaranteed” returns and claiming that Empiresx operated a trading bot that used artificial and human intelligence to maximize profitability for investors.
The DOJ detailed:
Instead, Empiresx operated a Ponzi scheme by paying earlier investors with money obtained from later Empiresx investors.
The U.S. Securities and Exchange Commission (SEC) also charged Nicholas along with Empiresx founders Emerson Pires and Flavio Goncalves, both of Brazil, in June with violating the registration and anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Noting that Empiresx never registered its investment program with the SEC, the securities regulator said:
The bot was fake, Nicholas’ trading resulted in significant losses, and the defendants only transferred a small portion of investors’ funds to Empiresx’s brokerage account.
“Instead, the defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second home, and more,” the SEC described.
The Justice Department indicted all three men in June with “one count of conspiracy to commit wire fraud and one count of conspiracy to commit securities fraud.” Pires and Goncalves were also charged with “conspiracy to commit international money laundering.” According to the indictment, the pair laundered investors’ funds through a foreign-based cryptocurrency exchange.
The Justice Department noted:
Nicholas pleaded guilty to one count of conspiracy to commit securities fraud and faces a maximum penalty of five years in prison.
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second home, and more.”
The U.S. Department of Justice (DOJ) announced Thursday that Joshua David Nicholas has pleaded guilty for his role as the “head trader” in a “global cryptocurrency investment fraud scheme that amassed approximately $100 million from investors.”
The 28-year-old Florida man admitted that he and others made numerous misrepresentations about Empiresx, a purported cryptocurrency platform, to investors, including promising “guaranteed” returns and claiming that Empiresx operated a trading bot that used artificial and human intelligence to maximize profitability for investors.
The DOJ detailed:
Instead, Empiresx operated a Ponzi scheme by paying earlier investors with money obtained from later Empiresx investors.
The U.S. Securities and Exchange Commission (SEC) also charged Nicholas along with Empiresx founders Emerson Pires and Flavio Goncalves, both of Brazil, in June with violating the registration and anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Noting that Empiresx never registered its investment program with the SEC, the securities regulator said:
The bot was fake, Nicholas’ trading resulted in significant losses, and the defendants only transferred a small portion of investors’ funds to Empiresx’s brokerage account.
“Instead, the defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second home, and more,” the SEC described.
The Justice Department indicted all three men in June with “one count of conspiracy to commit wire fraud and one count of conspiracy to commit securities fraud.” Pires and Goncalves were also charged with “conspiracy to commit international money laundering.” According to the indictment, the pair laundered investors’ funds through a foreign-based cryptocurrency exchange.
The Justice Department noted:
Nicholas pleaded guilty to one count of conspiracy to commit securities fraud and faces a maximum penalty of five years in prison.
PLUTO, the new reserve currency protocol on Waves, is getting more diverse!
Now you can issue PLUTO tokens by providing WAVES for the protocol’s treasury. The treasury is what makes Pluto resistant to bear markets (FYI, it is happening right now).
In a nutshell, PLUTO’s price can’t go too low for too long but always goes up long-term. From the introduction of minting for WAVES, the price has already went up 40%!
Once you get PLUTO, consider staking without any lock-up or taking part in onboarding with APY up to 678%!
So here’s how you can get your hands on PLUTO in exchange for some WAVES:
1. Connect your wallet at http://pluto.gold
2. Go to "Issue PLUTO"
3. Select $WAVES as an LP token for issuing PLUTO
4. Set the amount, press "Issue" and sign
5. Note that there is an 11-day lock-up period for the issued tokens
Now you can issue PLUTO tokens by providing WAVES for the protocol’s treasury. The treasury is what makes Pluto resistant to bear markets (FYI, it is happening right now).
In a nutshell, PLUTO’s price can’t go too low for too long but always goes up long-term. From the introduction of minting for WAVES, the price has already went up 40%!
Once you get PLUTO, consider staking without any lock-up or taking part in onboarding with APY up to 678%!
So here’s how you can get your hands on PLUTO in exchange for some WAVES:
1. Connect your wallet at http://pluto.gold
2. Go to "Issue PLUTO"
3. Select $WAVES as an LP token for issuing PLUTO
4. Set the amount, press "Issue" and sign
5. Note that there is an 11-day lock-up period for the issued tokens
Square Enix Exploring Blockchain Game Development as Part of Oasys Project Partnership
Square Enix, one of the biggest Japan-based gaming companies, has inked a partnership with Oasys, a Web3-oriented blockchain project. As part of this partnership, Square Enix will be part of the first 21 validators of the Oasys network, and will explore new possibilities regarding developing blockchain games using this decentralized tech, including user-generated contributions.
Square Enix has been one of the few AAA gaming companies in Japan seeking to embrace blockchain elements as part of its business model. The company recently announced that it will go all the way, becoming part of the initial validator set of Oasys, a gaming-oriented blockchain advertised as a “high-speed, zero gas fee experience” for users.
The Japanese gaming giant will be using the Oasys blockchain as a tool for the development of new blockchain games and the inclusion of user-generated content in virtual worlds. About this new partnership, Yosuke Saito, director of the Square Enix Blockchain Entertainment Division, stated:
Our shared enthusiasm for web3 gaming makes this an exciting partnership for us and we look forward to gaining insights that can advance the creation of all-new gameplay experiences for gamers across the globe.
The organization is not alone in this endeavor, as other gaming companies have also established partnerships with Oasys in order to become validators of the network. Both traditional and blockchain gaming companies such as Bandai Namco, Sega, Ubisoft, Netmarble, Wemade, Com2us, and Yield Guild Games are also among these 21 first block validators.
Square Enix’s blockchain focus is not a new thing. In fact, the company has included blockchain tech as part of its business model since last year, saying it would “focus on blockchain games premised on token economies as a form of decentralized content.”
The president of the company has also put significant emphasis on using the tech to reward users that contribute to the creation of virtual worlds with their own elements, as the press release of the Oasys partnership describes. In January, in a new year’s letter, Square Enix President Yosuke Matsuda stated:
From having fun to earning to contributing, a wide variety of motivations will inspire people to engage with games and connect with one another. It is blockchain-based tokens that will enable this.
In July, the company announced plans to issue Final Fantasy-themed non-fungible tokens (NFTs) using the Enjin blockchain in 2023, as part of the celebration of the 25th Anniversary of the creation of the franchise.
Square Enix, one of the biggest Japan-based gaming companies, has inked a partnership with Oasys, a Web3-oriented blockchain project. As part of this partnership, Square Enix will be part of the first 21 validators of the Oasys network, and will explore new possibilities regarding developing blockchain games using this decentralized tech, including user-generated contributions.
Square Enix has been one of the few AAA gaming companies in Japan seeking to embrace blockchain elements as part of its business model. The company recently announced that it will go all the way, becoming part of the initial validator set of Oasys, a gaming-oriented blockchain advertised as a “high-speed, zero gas fee experience” for users.
The Japanese gaming giant will be using the Oasys blockchain as a tool for the development of new blockchain games and the inclusion of user-generated content in virtual worlds. About this new partnership, Yosuke Saito, director of the Square Enix Blockchain Entertainment Division, stated:
Our shared enthusiasm for web3 gaming makes this an exciting partnership for us and we look forward to gaining insights that can advance the creation of all-new gameplay experiences for gamers across the globe.
The organization is not alone in this endeavor, as other gaming companies have also established partnerships with Oasys in order to become validators of the network. Both traditional and blockchain gaming companies such as Bandai Namco, Sega, Ubisoft, Netmarble, Wemade, Com2us, and Yield Guild Games are also among these 21 first block validators.
Square Enix’s blockchain focus is not a new thing. In fact, the company has included blockchain tech as part of its business model since last year, saying it would “focus on blockchain games premised on token economies as a form of decentralized content.”
The president of the company has also put significant emphasis on using the tech to reward users that contribute to the creation of virtual worlds with their own elements, as the press release of the Oasys partnership describes. In January, in a new year’s letter, Square Enix President Yosuke Matsuda stated:
From having fun to earning to contributing, a wide variety of motivations will inspire people to engage with games and connect with one another. It is blockchain-based tokens that will enable this.
In July, the company announced plans to issue Final Fantasy-themed non-fungible tokens (NFTs) using the Enjin blockchain in 2023, as part of the celebration of the 25th Anniversary of the creation of the franchise.
FCA Warns Investors against ‘Unauthorized Firm’ FTX
British regulator the Financial Conduct Authority (FCA) has issued a warning note to FTX crypto exchange, claiming it is operating without authorization. FTX has now found itself on the increasing names on the FCA list that comprises unregistered crypto-related businesses. The British financial watchdog issued the warning on the 16th of September, noscriptd “FTX”.
According to the warning, FTX is not registered by the FCA and is targeting people in the UK. Meanwhile, the regulator stated that nearly all firms and individuals that offer, sell or promote financial services or products in the UK need FCA authorizations or registrations. The chief financial regulator in the UK claimed that FTX did not follow the requirement.
The financial watchdog further attempted to explain why UK residents should be “wary of dealing with this unauthorized” company. It also mentioned investors’ protection. The agency notes that investors are under the protection of the Financial Services Compensation Scheme (FSCS). Also, they do not have access to the Financial Ombudsman Service. Also, the FCA warned about the possibility of not getting one’s asset with FTX back “if things go wrong.”
Explaining further, the UK regulator provided a link to the Financial Services Register for investors to check crypto companies that are registered and authorized in order to make informed decisions.
“If you used an authorized firm or registered firm, access to the Financial Ombudsman Services and FSCS protection will depend on the investment you are making, the service the firm is providing, and the permissions the firm has. If you would like further information about protection, the authorized or registered form should be able to help.”
Notably, FTX recently caught the attention of regulators in August. The crypto company received a cease and desist letter from the Federal Deposit Insurance Corporation (FDIC). The Corporation alleged that the company misled the public about specific crypto-related products being insured by the FDIC.
As of August, there were 37 entities that have completed their registrations with the FCA. Crypto also got the green light from the regulator to carry out “certain crypto asset activities” in the UK. More firms like Zodia Markets (UK) Limited and eToro UK also went through the registration process in 2022. After the registration process, they were able to receive Money Laundering Regulations approval.
Since January 2020, the FCA has enforced AML and counter-terrorism financial regulations on crypto-focused businesses. A spokesperson explained that a firm needs to meet the minimum standards for a successful registration. The representative mentioned that there have been “too many financial crime red flags missed by the crypto asset businesses seeking registration.”
British regulator the Financial Conduct Authority (FCA) has issued a warning note to FTX crypto exchange, claiming it is operating without authorization. FTX has now found itself on the increasing names on the FCA list that comprises unregistered crypto-related businesses. The British financial watchdog issued the warning on the 16th of September, noscriptd “FTX”.
According to the warning, FTX is not registered by the FCA and is targeting people in the UK. Meanwhile, the regulator stated that nearly all firms and individuals that offer, sell or promote financial services or products in the UK need FCA authorizations or registrations. The chief financial regulator in the UK claimed that FTX did not follow the requirement.
The financial watchdog further attempted to explain why UK residents should be “wary of dealing with this unauthorized” company. It also mentioned investors’ protection. The agency notes that investors are under the protection of the Financial Services Compensation Scheme (FSCS). Also, they do not have access to the Financial Ombudsman Service. Also, the FCA warned about the possibility of not getting one’s asset with FTX back “if things go wrong.”
Explaining further, the UK regulator provided a link to the Financial Services Register for investors to check crypto companies that are registered and authorized in order to make informed decisions.
“If you used an authorized firm or registered firm, access to the Financial Ombudsman Services and FSCS protection will depend on the investment you are making, the service the firm is providing, and the permissions the firm has. If you would like further information about protection, the authorized or registered form should be able to help.”
Notably, FTX recently caught the attention of regulators in August. The crypto company received a cease and desist letter from the Federal Deposit Insurance Corporation (FDIC). The Corporation alleged that the company misled the public about specific crypto-related products being insured by the FDIC.
As of August, there were 37 entities that have completed their registrations with the FCA. Crypto also got the green light from the regulator to carry out “certain crypto asset activities” in the UK. More firms like Zodia Markets (UK) Limited and eToro UK also went through the registration process in 2022. After the registration process, they were able to receive Money Laundering Regulations approval.
Since January 2020, the FCA has enforced AML and counter-terrorism financial regulations on crypto-focused businesses. A spokesperson explained that a firm needs to meet the minimum standards for a successful registration. The representative mentioned that there have been “too many financial crime red flags missed by the crypto asset businesses seeking registration.”
China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year.
Chinese authorities are going to expand the digital yuan’s area of application in four of the first pilot cities in the project to the rest of their respective provinces. These are Shenzhen in South China’s Guangdong Province, Suzhou in the eastern Jiangsu Province, Xiongan New Area in Hebei Province in the north, and Chengdu in Southwest China’s Sichuan Province.
With the upgrade to province-wide testing in these regions, the government in Beijing hopes to “continue to push the innovation of China’s recognized cryptocurrency,” the English-language newspaper Global Times wrote, quoting a report by the Cnstock business news portal published on Monday.
The plan was announced by Deputy Governor of People’s Bank of China (PBOC) Fan Yifei during an economic forum this week. The high-ranking official emphasized that the monetary policy regulator has been accelerating financial digitalization since the beginning of this year. He noted that the authority has outlined the country’s financial technology development for the period until 2025.
Fan also underscored the importance of securing key technologies in order to enhance China’s financial system and build financial infrastructure that can adapt to the development of the digital economy and support the transformation of the Chinese economy.
The PBOC executive pointed out that the digital yuan has been implemented across multiple economic sectors, including retail and wholesale, catering, leisure, tourism, and government payments, via both online and offline channels. He insisted that the utility of the digital yuan in the first four trial cities should be expanded to the provincial level.
Fan Yifei’s latest statements come after earlier this month the deputy governor urged for widening of the array of use-case scenarios for China’s central bank digital currency (CBDC). He also called for improving the integration between the digital yuan system and traditional tools for electronic payments to increase convenience for users of the e-CNY platform.
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year.
Chinese authorities are going to expand the digital yuan’s area of application in four of the first pilot cities in the project to the rest of their respective provinces. These are Shenzhen in South China’s Guangdong Province, Suzhou in the eastern Jiangsu Province, Xiongan New Area in Hebei Province in the north, and Chengdu in Southwest China’s Sichuan Province.
With the upgrade to province-wide testing in these regions, the government in Beijing hopes to “continue to push the innovation of China’s recognized cryptocurrency,” the English-language newspaper Global Times wrote, quoting a report by the Cnstock business news portal published on Monday.
The plan was announced by Deputy Governor of People’s Bank of China (PBOC) Fan Yifei during an economic forum this week. The high-ranking official emphasized that the monetary policy regulator has been accelerating financial digitalization since the beginning of this year. He noted that the authority has outlined the country’s financial technology development for the period until 2025.
Fan also underscored the importance of securing key technologies in order to enhance China’s financial system and build financial infrastructure that can adapt to the development of the digital economy and support the transformation of the Chinese economy.
The PBOC executive pointed out that the digital yuan has been implemented across multiple economic sectors, including retail and wholesale, catering, leisure, tourism, and government payments, via both online and offline channels. He insisted that the utility of the digital yuan in the first four trial cities should be expanded to the provincial level.
Fan Yifei’s latest statements come after earlier this month the deputy governor urged for widening of the array of use-case scenarios for China’s central bank digital currency (CBDC). He also called for improving the integration between the digital yuan system and traditional tools for electronic payments to increase convenience for users of the e-CNY platform.
What is the best coin to pay in online stores?
Anonymous coins are breaking into our daily life. Despite the delisting of many privacy coins from the Huobi exchange and existing problems of other cryptocurrency exchanges, some projects find a way out and use all possible options to provide users with convenience and security.
One such project is Utopia P2P (https://u.is/en/) and its privacy coin Crypton (CRP). This is the main financial unit of the Utopia P2P ecosystem and coin that is now available in 1,800 online stores on the internet.
By the way, Utopia P2P — is an anonymous and decentralized ecosystem that ensures users’ privacy and stability on the network.
Using Crypton (CRP) people can safely, and without unnecessary hassles, pay for various things on the internet:
- Secure and anonymous payments
- Protection from threats
- Fast and hidden financial transactions
- Low commissions
- Worldwide availability
Using Utopia as payment, sellers get an audience that cares about data privacy and their own security.
Utopia P2P: https://u.is/en/
Telegram: https://news.1rj.ru/str/utopiachatoff
Anonymous coins are breaking into our daily life. Despite the delisting of many privacy coins from the Huobi exchange and existing problems of other cryptocurrency exchanges, some projects find a way out and use all possible options to provide users with convenience and security.
One such project is Utopia P2P (https://u.is/en/) and its privacy coin Crypton (CRP). This is the main financial unit of the Utopia P2P ecosystem and coin that is now available in 1,800 online stores on the internet.
By the way, Utopia P2P — is an anonymous and decentralized ecosystem that ensures users’ privacy and stability on the network.
Using Crypton (CRP) people can safely, and without unnecessary hassles, pay for various things on the internet:
- Secure and anonymous payments
- Protection from threats
- Fast and hidden financial transactions
- Low commissions
- Worldwide availability
Using Utopia as payment, sellers get an audience that cares about data privacy and their own security.
Utopia P2P: https://u.is/en/
Telegram: https://news.1rj.ru/str/utopiachatoff
✅You've never seen stability so stable!
Allbridge, the multichain hub, is expanding its stablecoin options on the Waves blockchain, while an instant exchange service Swop.fi is opening multi-pools for investing! 💸
Each multipool consists of differently flavored USDT or USDC stablecoins: Allbridge-wrapped tokens from Ethereum, Polygon, Binance Smart Chain and a traditional Waves-based coins. 💪🏿4x stability for your investments!
🔥For early liquidity providers, Swop.fi is offering an exclusive reward in USDT from September 26 to October 15: ~100%❗️ APR at target TVL, in addition to commission income. On top of that, multi-pools will begin farming SWOP governance tokens starting October 3.
See our article for details on multi-pool mechanics.
Choose your multi-pool or add liquidity to both!
Telegram | Twitter
Allbridge, the multichain hub, is expanding its stablecoin options on the Waves blockchain, while an instant exchange service Swop.fi is opening multi-pools for investing! 💸
Each multipool consists of differently flavored USDT or USDC stablecoins: Allbridge-wrapped tokens from Ethereum, Polygon, Binance Smart Chain and a traditional Waves-based coins. 💪🏿4x stability for your investments!
🔥For early liquidity providers, Swop.fi is offering an exclusive reward in USDT from September 26 to October 15: ~100%❗️ APR at target TVL, in addition to commission income. On top of that, multi-pools will begin farming SWOP governance tokens starting October 3.
See our article for details on multi-pool mechanics.
Choose your multi-pool or add liquidity to both!
Telegram | Twitter
JPMorgan: Demand for Crypto as Payment Method Has Drastically Declined
Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse.
The global head of payments for JPMorgan’s Corporate & Investment Bank division, Takis Georgakopoulos, talked about client demand for crypto as a payment method in an interview with Bloomberg Television this week. He said:
We saw a lot of demand for our clients, let’s say up until six months ago. We see very little right now.
While noting that the demand for crypto as a payment tool has drastically declined, Georgakopoulos stressed that the bank will still support clients who want to use crypto for this purpose.
He added that cryptocurrencies are also becoming “larger and larger” in the gaming sector — both in traditional gaming and in the metaverse, where he sees many opportunities.
This week, JPMorgan CEO Jamie Dimon also reiterated his skepticism about bitcoin and cryptocurrency. “I’m a major skeptic on crypto tokens which you call currency, like bitcoin. They are decentralized Ponzi schemes,” the executive said. However, he emphasized that he is not skeptical about blockchain and decentralized finance (defi), calling them “real” innovations.
A recent survey conducted by Deloitte in collaboration with Paypal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.”
A different survey by Bank of America showed “growing interest” in crypto’s use as a payment method. “39% and 34% of respondents reported using crypto / digital assets as a payment method to make online or in-person purchases, respectively,” the bank described. Additionally, 49% and 53% of respondents expressed interest in using crypto / digital assets to make either online or in-person purchases, respectively.
Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse.
The global head of payments for JPMorgan’s Corporate & Investment Bank division, Takis Georgakopoulos, talked about client demand for crypto as a payment method in an interview with Bloomberg Television this week. He said:
We saw a lot of demand for our clients, let’s say up until six months ago. We see very little right now.
While noting that the demand for crypto as a payment tool has drastically declined, Georgakopoulos stressed that the bank will still support clients who want to use crypto for this purpose.
He added that cryptocurrencies are also becoming “larger and larger” in the gaming sector — both in traditional gaming and in the metaverse, where he sees many opportunities.
This week, JPMorgan CEO Jamie Dimon also reiterated his skepticism about bitcoin and cryptocurrency. “I’m a major skeptic on crypto tokens which you call currency, like bitcoin. They are decentralized Ponzi schemes,” the executive said. However, he emphasized that he is not skeptical about blockchain and decentralized finance (defi), calling them “real” innovations.
A recent survey conducted by Deloitte in collaboration with Paypal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.”
A different survey by Bank of America showed “growing interest” in crypto’s use as a payment method. “39% and 34% of respondents reported using crypto / digital assets as a payment method to make online or in-person purchases, respectively,” the bank described. Additionally, 49% and 53% of respondents expressed interest in using crypto / digital assets to make either online or in-person purchases, respectively.
Affyn will become the NUMBER 1 blockchain metaverse in the entire industry. Can’t wait for their upcoming BIG UNVEILS in 2 Days!
TELEGRAM:
https://news.1rj.ru/str/affynofficial/
TELEGRAM:
https://news.1rj.ru/str/affynofficial/
Binance Seeks License to Reenter Japanese Crypto Market After Exiting 4 Years Ago: Report
Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the country’s financial regulator warned that Binance was operating illegally without a license.
Crypto exchange Binance is seeking a license to return to the Japanese crypto market, four years after exiting the country, Bloomberg reported Monday, citing people familiar with the matter.
The key reasons behind Binance’s renewed interest in Japan are the Japanese government’s easing regulatory approach to crypto and substantial potential for user growth, according to one of the people.
A spokesperson for Binance told the publication that the company is “committed to working with regulators and policymakers to shape policies that protect consumers, encourage innovation, and move our industry forward.” However, the spokesperson would not comment on specific license applications, noting that “It would be inappropriate to comment on any conversations with regulators.”
Binance exited the Japanese crypto market in 2018 following a warning by Japan’s top financial regulator, the Financial Services Agency (FSA), about operating without a license. In June last year, Binance got another warning from the FSA reiterating that the exchange has been providing crypto exchange services to Japanese customers without registration.
Following warnings from multiple regulators that it has been operating illegally without a license, Binance has made regulatory compliance one of its top priorities. The exchange platform previously revealed its plans to become a regulated financial institution.
Recently, Binance established a global advisory board to tackle regulatory challenges. The body is comprised of “distinguished experts in public policy, government, finance, economics, and corporate governance,” Binance detailed.
Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the country’s financial regulator warned that Binance was operating illegally without a license.
Crypto exchange Binance is seeking a license to return to the Japanese crypto market, four years after exiting the country, Bloomberg reported Monday, citing people familiar with the matter.
The key reasons behind Binance’s renewed interest in Japan are the Japanese government’s easing regulatory approach to crypto and substantial potential for user growth, according to one of the people.
A spokesperson for Binance told the publication that the company is “committed to working with regulators and policymakers to shape policies that protect consumers, encourage innovation, and move our industry forward.” However, the spokesperson would not comment on specific license applications, noting that “It would be inappropriate to comment on any conversations with regulators.”
Binance exited the Japanese crypto market in 2018 following a warning by Japan’s top financial regulator, the Financial Services Agency (FSA), about operating without a license. In June last year, Binance got another warning from the FSA reiterating that the exchange has been providing crypto exchange services to Japanese customers without registration.
Following warnings from multiple regulators that it has been operating illegally without a license, Binance has made regulatory compliance one of its top priorities. The exchange platform previously revealed its plans to become a regulated financial institution.
Recently, Binance established a global advisory board to tackle regulatory challenges. The body is comprised of “distinguished experts in public policy, government, finance, economics, and corporate governance,” Binance detailed.
#1xBit #Crypto #Polygon
🔥1xBit has added a new cryptocurrency to its incredible portfolio of supported crypto assets. Now you can use Polygon on the platform🔥
✨Polygon is a decentralized platform for Web3 applications and dApps meant to better some of Ethereum’s most significant shortcomings. It improves scalability, user-friendliness, and Ethereum’s high transaction fees✨
🚀Thanks to 1xBit and Polygon, gambling with cryptocurrency is faster and easier than ever🚀
💰It’s the perfect time to create your 1xBit account - a generous Welcome Bonus of up to 7 BTC for the first 4 deposits awaits all new players. Besides Polygon, 1xBit supports over 40 other popular crypto assets💰
Take gambling to the next level with Polygon on 1xBit!
🔥1xBit has added a new cryptocurrency to its incredible portfolio of supported crypto assets. Now you can use Polygon on the platform🔥
✨Polygon is a decentralized platform for Web3 applications and dApps meant to better some of Ethereum’s most significant shortcomings. It improves scalability, user-friendliness, and Ethereum’s high transaction fees✨
🚀Thanks to 1xBit and Polygon, gambling with cryptocurrency is faster and easier than ever🚀
💰It’s the perfect time to create your 1xBit account - a generous Welcome Bonus of up to 7 BTC for the first 4 deposits awaits all new players. Besides Polygon, 1xBit supports over 40 other popular crypto assets💰
Take gambling to the next level with Polygon on 1xBit!
💎 Fashion TV and FTVIO released their official Token called STYL and it gained over +150% before getting listed in Gate.io 💎
✅ You can buy STYL on pancakeswap and uniswap 🔥💰🚀
✅ Join our community to get more information👇👇
https://news.1rj.ru/str/stylike_io_official
✅ The coin is officially listed in CMC and Coingecko 📈📊
✅ Visit our website to learn more and get started NOW! 🪩
✅ You can buy STYL on pancakeswap and uniswap 🔥💰🚀
✅ Join our community to get more information👇👇
https://news.1rj.ru/str/stylike_io_official
✅ The coin is officially listed in CMC and Coingecko 📈📊
✅ Visit our website to learn more and get started NOW! 🪩