Alternative currencies – Kopa Runescape 2 Gold http://www.koparunescape2gold.com/ Tue, 28 Jun 2022 17:48:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.koparunescape2gold.com/wp-content/uploads/2021/07/kopa.png Alternative currencies – Kopa Runescape 2 Gold http://www.koparunescape2gold.com/ 32 32 Bibox partners with Nuvei To E https://www.koparunescape2gold.com/bibox-partners-with-nuvei-to-e/ Tue, 28 Jun 2022 15:04:36 +0000 https://www.koparunescape2gold.com/bibox-partners-with-nuvei-to-e/ Montreal, May 09, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (NVEI) (TSX: NVEI), the payment platform of tomorrow, today announces its partnership with bi-box, the world’s first AI-powered digital asset trading platform. The collaboration will provide Bibox customers with a unified trading experience by enabling easy access to cryptocurrencies through the Simplex […]]]>

Montreal, May 09, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (NVEI) (TSX: NVEI), the payment platform of tomorrow, today announces its partnership with bi-box, the world’s first AI-powered digital asset trading platform. The collaboration will provide Bibox customers with a unified trading experience by enabling easy access to cryptocurrencies through the Simplex by Nuvei ramp solution.

After integration, Bibox users can enjoy a seamless payment experience when purchasing cryptocurrencies using credit and debit cards, Apple Pay, SEPA or SWIFT transfers. Partnering with Nuvei ensures frictionless and secure user journeys while granting Bibox a comprehensive chargeback and fraud protection guarantee.

Bibox has become a leading exchange in terms of trading volume and offers top-notch security, stability and transparency. Additionally, the trading platform offers various financial tools including coin margin futures, bot trading, leveraged trading, OTC funding, and current funding. To date, Bibox supports more than 20 million registered users in dozens of countries

The use of artificial intelligence (AI) offers many advantages to Bibox and its customers. Becoming a trustworthy digital asset platform requires in-depth user analysis, suspicious behavior tracking, and multiple rounds of information filtering. The Bibox AI system analyzes new token listings in real time and assesses the feasibility of a project. In-house blockchain experts dig deeper into the data and list secure and trustworthy projects.

The partnership with Bibox adds to Nuvei’s strong and growing partner network. Its Simplex by Nuvei solution powers the crypto industry’s leading exchanges, wallets and trading platforms.

About Nuvei

Nuvei (NVEI) (TSX: NVEI) is the payment platform of tomorrow. Designed to accelerate customer business, Nuvei’s modular, flexible and scalable technology enables large enterprises to accept next-generation payments, offer all payment options and benefit from card issuing, banking , risk and fraud management. Connecting businesses to their customers in over 200 markets, with local acquisitions in over 45 markets, 150 currencies and over 550 alternative payment methods, including cryptocurrencies, Nuvei provides the technology and insights to enable customers and partners to succeed locally and globally with a single integration.

For more information, visit www.nuvei.com.

About Bibox

bi-box, one of the world’s largest crypto exchanges registered in Estonia, has offices in the United States, Switzerland, Canada, China, South Korea, Japan, Singapore and Vietnam, with plans to expand. expansion into other countries. Bibox traders benefit from secure, stable and user-friendly digital asset management services, with access to over 140 high-quality coins and over 200 trading pairs.

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Singapore warns of ‘brutal and relentlessly tough’ crypto regulations • The Register https://www.koparunescape2gold.com/singapore-warns-of-brutal-and-relentlessly-tough-crypto-regulations-the-register/ Mon, 27 Jun 2022 00:30:00 +0000 https://www.koparunescape2gold.com/singapore-warns-of-brutal-and-relentlessly-tough-crypto-regulations-the-register/ In the same week it hosted the launch of a local Center of Excellence focused on crypto-inspired central bank digital currencies, the Monetary Authority of Singapore (MAS) warned cowboys of the cryptography that they would face a tough race in the island nation. The Center of Excellence (COE) was created by the Mojaloop Foundation – […]]]>

In the same week it hosted the launch of a local Center of Excellence focused on crypto-inspired central bank digital currencies, the Monetary Authority of Singapore (MAS) warned cowboys of the cryptography that they would face a tough race in the island nation.

The Center of Excellence (COE) was created by the Mojaloop Foundation – an open source effort to create payment platforms to make digital financial services accessible to those who have access to banks. The Center of Excellence aims to “accelerate financial inclusion in emerging markets” through hackathons, workshops, and pilots while examining CBDCs’ expanded payment capabilities.”

Singapore’s sovereign wealth fund has invested in Mojaloop, and MAS’ fintech director Sopnendu Mohanty is an advisor to the board and the authority provides representatives to the Foundation’s task force, alongside people from the Bill & Melinda Gates Foundation, Google, etc.

mohanty greeted the COE and the Foundation as “a step forward into the future of financial services” and said he looked forward to MAS supporting the COE’s efforts to “foster greater international collaboration by enabling more transparent cross-border transactions “.

But the FinTech boss also presented a less enthusiastic position on a freer use of digital currencies.

“We have zero tolerance for any bad market behavior. If someone’s done a bad thing, we’re brutal and relentlessly tough,” Mohanty said. Told The Financial Times.

“We have been criticized by many cryptocurrencies for not being friendly. My answer was: friendly for what? friendly for a real economy or friendly for an unreal economy?” Mohanty doubled down.

The officer also predicted that Singapore will offer a state-backed alternative within three years, as he blamed the private cryptocurrency for causing market turmoil – such as Luna’s not-so-stable crash. $40 billion.

Mohanty said efforts like Mojaloop appealed more to Singapore and felt that the digital currency would eventually be integrated into the platform and made available to central banks beyond Singapore.

The MAS itself has also warned against alterna-cash in the past. In January, it discouraged its exchanges and took steps to limit the promotion of digital payment tokens in certain public spaces.

Mohanty is not the first high-ranking official in Singapore to oppose crypto. In late May, Deputy Prime Minister Heng Swee Keat told conference attendees that retail investors should not buy cryptocurrency, although last week he also declared “The potential of FinTech remains huge.”

Singapore’s digital curiosity can be seen in its CBDC-tested interoperability tests for cross-border payments with Australia, Malaysia and South Africa – an effort, Heng said, “validated various design approaches by through prototyping” and the resulting recommendations “would support the G20 roadmap to improve cross-over”. -border payments.” ®

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BRICS: great power politics and the balancing act https://www.koparunescape2gold.com/brics-great-power-politics-and-the-balancing-act/ Sat, 25 Jun 2022 09:32:57 +0000 https://www.koparunescape2gold.com/brics-great-power-politics-and-the-balancing-act/ By Dr. Aparaajita Pandey Asia-Pacific is abuzz with political activity and as BRICS nations gather virtually for their fourteenth summit; it is natural that all eyes are on them. While the arbitrary conglomeration between Brazil, Russia, India, China and South Africa has been repeatedly written off in obsolescence; it managed not only to survive but […]]]>

By Dr. Aparaajita Pandey

Asia-Pacific is abuzz with political activity and as BRICS nations gather virtually for their fourteenth summit; it is natural that all eyes are on them. While the arbitrary conglomeration between Brazil, Russia, India, China and South Africa has been repeatedly written off in obsolescence; it managed not only to survive but also to make progress in South-South cooperation. One could say that the BRICS goal was to provide an alternative narrative to global institutions like the IMF and World Bank which are dominated by Western nations and can often be seen as less than fair in their dealings with the developing world.

Most certainly, the BRICS are not the most obvious grouping and have enough internal obstacles that impede their collaboration, and this session of the BRICS session comes with additional geopolitical pressure. The proverbial big-power politics is alive and well; Russia, the United States and China are involved in different permutations and combinations; and as India tries to maintain its strategic autonomy, a massive diplomatic balancing act must be skillfully executed. The BRICS summit itself, however, is more than just a geopolitical balancing act towards broader momentum. The objectives of the fourteenth BRICS summit are themed to usher in a “new era of global governance”.

As US global dominance fades, the indicators that the world is preparing for the assimilation of new systems of global trade and governance are clear, and the BRICS countries are poised to be the forerunners of this change. As the ruble has become the strongest of the BRICS currencies, discussions are underway to steer trade deals towards alternative financial systems. Explore paths that are not dominated by Western countries and the United States mainly.

More importantly, the BRICS are an opportunity for Beijing and Moscow to control the narrative and combat their growing isolation. After the Russian-Ukrainian conflict, Russia saw the imposition of sanctions from the west but found some support in continuing strategic relations with India and implicit support from China. For China, the BRICS are a forum to counter the growing presence of Western countries in Asia-Pacific. China had shown its distrust and dislike of the QUAD when it dubbed it Asia – NATO, even though the QUAD is nowhere comparable to the collective military alliance. At the same time, Beijing has also grown weary of the recent IPEF or Indo-Pacific Economic Framework. The recently launched IPEF came under scrutiny as upon review it was found that although the IPEF was presented as a primarily economic forum for Asia Pacific and some Latin American countries; the financial and commercial terms of the framework are not quite close to those of economic networks and it is becoming increasingly clear that the logic of IPEF is much more strategic than economic. Asia-Pacific is gradually becoming a geographic hotspot for multilateral forums of all kinds; with QUAD, AUKUS, and now IPEF; China was waiting for an opportunity to project its own “team player” qualities and the BRICS provided such an opportunity.

BRICS has also proven to be a tricky situation for India. As India tries to maintain a difficult balance in its external relations; he had to abstain from voting against Russia at the UNSC and UNGA, host foreign ministers and prime ministers from a plethora of countries, be part of the QUAD summit and now be part of the BRICS; all in quick succession from each other while maintaining strategic autonomy. While India was clear not to engage in anti-Russian dialogue during the QUAD, it also made it clear that India would protest against any anti-American dialogue during the BRICS summit. Such adherence to realpolitik is laudable and difficult to maintain when juggling countries like the United States, Russia and China.

BRICS summits attract criticism every year from academics who think the BRICS is a redundant forum on the verge of extinction; however, every year it keeps up. Argentina’s growing interest in becoming a member of the BRICS, possibly transforming them into the BRICSA, should be taken as an indication of the growing confidence of the Global South in the BRICS itself or in the scenario of a reality post-dollar multipolar.

(The author is an independent political strategist and holds a PhD in Latin American Studies from Jawaharlal Nehru University. The views expressed are personal and do not reflect the official position or policy of Financial Express Online. Reproduction of this content without permission is prohibited).

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Are gold-linked cryptocurrencies worth investing in? https://www.koparunescape2gold.com/are-gold-linked-cryptocurrencies-worth-investing-in/ Thu, 23 Jun 2022 17:03:47 +0000 https://www.koparunescape2gold.com/are-gold-linked-cryptocurrencies-worth-investing-in/ Investors and retirees who want to store their wealth for the long term have started buy gold coins, because they retain their value better than fiat currencies. However, some people want to invest in gold but are also interested in cryptocurrency. This led to the development of cryptocurrencies pegged to the price of gold, called […]]]>

Investors and retirees who want to store their wealth for the long term have started buy gold coins, because they retain their value better than fiat currencies. However, some people want to invest in gold but are also interested in cryptocurrency. This led to the development of cryptocurrencies pegged to the price of gold, called gold stablecoins.

In the cryptocurrency space, stablecoins are digital currencies whose prices are pegged to the prices of other assets. These stablecoins have stable prices and are resistant to market fluctuations. The most popular stablecoin in the market is Tether (USDT), which is pegged to the price of the US dollar.

Investing in gold stablecoins

There are different gold stablecoins on the market, each tied to a different type and size of gold bullion. An example is gold tie, whose price is pegged to a fine troy ounce of gold, and DigixGlobal, which costs the same as one gram of gold. Investing in such stablecoins is like buying gold coins in the market. However, it is more convenient and eliminates the hassle of storing physical gold coins. Keeping gold coins can be a security risk, and if stolen, your investment is lost forever.

Gold stablecoins are held on an exchange and backed by real gold, making them a safe investment option. They also have the same potential for value growth as real-world gold. It should be noted that gold stablecoins serve almost no purpose outside of being a convenient way to hold gold investments. They are not like physical gold coins which can be used to transact in rare cases. Investors in gold stablecoins should sell them on the exchange before spending their money. However, this is unlikely to be a problem as these stablecoins are in high demand. And Tether Gold having a market cap of over $450 million in 2022 is proof of that.

Investing in gold stablecoins has advantages such as fast transaction speeds, no buy and sell limits, and the ability to sell across international borders. However, this type of investment has some drawbacks.

The most obvious downside is that the cryptocurrency market has little to no regulation. Exchanges that are not audited by government authorities are free to act in their best interests. Nor is there an infinite amount of gold in the real world. This results in a limit on the number of gold-backed stablecoins, but there is no indication that this will be a problem in the future.

Endnote

Investing in gold stablecoins is a great alternative to buying gold coins in the real world. It is also more convenient as there will be no hassle of storing physical coins. Gold stablecoins are also worth investing in as their prices are stable and match the cost of gold in the real world. Their transactions are faster and can be completed across international borders in minutes.

These benefits still don’t take away the importance of buying gold coins in real life or having a Gold IRA. This is because stablecoins are stored on exchanges, which the government does not yet regulate. Having physical gold coins gives the owner more freedom and ease than holding a stable gold coin on an exchange.

Disclaimer. This is a paid press release. Readers should exercise due diligence before taking any action related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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EXCLUSIVE Lebanese Banking Association calls draft IMF deal ‘illegal’ in letter https://www.koparunescape2gold.com/exclusive-lebanese-banking-association-calls-draft-imf-deal-illegal-in-letter/ Tue, 21 Jun 2022 20:21:00 +0000 https://www.koparunescape2gold.com/exclusive-lebanese-banking-association-calls-draft-imf-deal-illegal-in-letter/ BEIRUT, June 21 (Reuters) – Lebanese banks said the country’s proposed deal with the International Monetary Fund was “illegal” and “unconstitutional” in a letter sent to the IMF by an adviser to the Banking Association of Lebanon. Lebanon (ABL) and seen by Reuters. The Staff Level Agreement (SLA) between the IMF and Lebanon pledged $3 […]]]>

BEIRUT, June 21 (Reuters) – Lebanese banks said the country’s proposed deal with the International Monetary Fund was “illegal” and “unconstitutional” in a letter sent to the IMF by an adviser to the Banking Association of Lebanon. Lebanon (ABL) and seen by Reuters.

The Staff Level Agreement (SLA) between the IMF and Lebanon pledged $3 billion in funding over four years to help the small Mediterranean nation recover from a financial meltdown that saw the currency lose more than 90% of its value and left most people poor. Read more

A final agreement is conditional on the implementation of a number of measures, including the adoption of a banking restructuring strategy which “recognizes and deals with the sector’s significant losses from the outset, while protecting small depositors and by limiting the use of public resources”, according to the Fund.

Join now for FREE unlimited access to Reuters.com

The draft agreement also calls on the Lebanese parliament to approve an emergency banking resolution law and audits of the 14 largest banks, representing the bulk of the sector.

Lebanese banks have long claimed that financial sector losses, estimated at more than $70 billion, should be borne primarily by the Lebanese state, blaming the losses on decades of unsustainable financial policies, waste and corruption.

The ABL “has very serious reservations about the recent SLA and believes that the completion of certain prior actions as well as certain stages of the program are likely to cause further damage to the Lebanese economy, probably irreparably”, indicates the letter dated 21st of June.

He claims the deal is not based on an economic vision for Lebanon, relies on “erroneous arguments from Lebanese ‘civil society'” and could “unfairly disenfranchise ABL”.

“Implementation of the SLA would be illegal or, failing that, unconstitutional,” says the letter, signed by ABL adviser Carlos Abadi, chief executive of New York-based financial advisory firm DecisionBoundaries.

Reuters could not reach the ABL outside Beirut office hours. The IMF did not respond to a request for comment. Lebanon’s deputy prime minister, the architect of the plan, did not immediately respond to a request for comment.

The Lebanese government’s financial recovery plan, adopted on May 20, calls on commercial banks to be the first to bear the losses, followed by the central bank and then public assets.

The letter says sharing losses in this way would be unfair as it would shift the burden onto commercial banks despite the vast majority of losses being incurred by the central bank.

To fill the financial hole, the letter instead calls for consolidating state assets such as buildings and land into an investment company, turning up to $30 billion in Lebanese pound deposits to be repaid over a decade and to cancel the exchange transactions that took place after the start of the crisis in 2019 from pounds to dollars.

“The settlement of these foreign exchange transactions by book entry would relieve (the central bank) of 10 to 15 billion dollars of liabilities,” he says.

It also calls for the use of the roughly $15 billion in central bank gold reserves.

“Reserves are just that: a tampon kept in reserve for a rainy day and storm in Lebanon is of biblical proportions,” he says.

Join now for FREE unlimited access to Reuters.com

Reporting by Timour Azhari in Beirut and Rodrigo Campos in New York; written by Timour Azhari; Editing by Rosalba O’Brien

Our standards: The Thomson Reuters Trust Principles.

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CIEL LIMITED, COTE MAURITIUS, MARKS ITS 110TH ANNIVERSARY WITH AN INCREASE IN REVENUES OF MORE THAN 50% https://www.koparunescape2gold.com/ciel-limited-cote-mauritius-marks-its-110th-anniversary-with-an-increase-in-revenues-of-more-than-50/ Mon, 20 Jun 2022 04:37:38 +0000 https://www.koparunescape2gold.com/ciel-limited-cote-mauritius-marks-its-110th-anniversary-with-an-increase-in-revenues-of-more-than-50/ LONDON and PARIS, June 20, 2022 /PRNewswire/ — Mauritius-listed African investment company SKY Limited (CIEL.N0000) delivered its best year-to-date results since the COVID-19 pandemic, surpassing its previous performance as it celebrates its 110th anniversary. Within nine months of March 31, 2022CIEL’s turnover increased by 51% to reach $475 millionwith an EBITDA margin increasing to 16.8% […]]]>

LONDON and PARIS, June 20, 2022 /PRNewswire/ — Mauritius-listed African investment company SKY Limited (CIEL.N0000) delivered its best year-to-date results since the COVID-19 pandemic, surpassing its previous performance as it celebrates its 110th anniversary.

Within nine months of March 31, 2022CIEL’s turnover increased by 51% to reach $475 millionwith an EBITDA margin increasing to 16.8% against 12.2% the previous year.

CIEL, listed on the Stock Exchange of Mauritius and the SEM Sustainability Index, has investments in more than 25 companies across six clusters (TEXTILE, FINANCE, HEALTH, HOTELS AND RESORTS, REAL ESTATE and AGRO-BUSINESS).

“Our diverse portfolio has proven its strength in the most uncertain times, and now CIEL is ready to successfully meet future challenges,” notes Jean-Pierre Dalais, Group CEOwho has run the company since 2017.

CIEL is headquartered in Mauritius and operates in 10 markets in Africa and Asiarealizing 60% of its turnover in USD and EUR, generating significant cash reserves in foreign currencies.

CIEL leveraged its market position by developing and executing strong business plans and supporting and growing businesses in its chosen sectors.

Founded in 1912 as a sugar company, the conglomerate has evolved and grown through specific and diversified investments to become a rising star in multiple sectors including HEALTH, TEXTILES, FINANCE, HOTELS & RESORTS , PROPERTIES and AGRO. This ensures a well-balanced portfolio, positioning the business to face future growth.

With 19 different production units, CIEL’S TEXTILE business has established itself as a powerhouse, offering a solid alternative to China for the global fashion industry. Through this cluster, CIEL ships 42 million garments annually to global brands such as Lacoste, Asos, (LON: ASC) and Puma (ETR: PUM), among others. The TEXTILE cluster is the largest in CIEL’s portfolio in terms of number of employees, with some 20,000 talents in four nations, on two continents.

CIEL’s FINANCE division is a shareholder of two banks and a partner of international organizations such as from Kenya I&M Bank and africa AXIAN. The cluster also offers financial services and employs 1,600 finance professionals.

CIEL’s HEALTHCARE cluster, C-Care, is the leader of the island’s private hospitals as well as laboratories across an extensive network under the C-Lab brand. C-Care employs more than 2,000 medical and support professionals and includes the most recognized physician network in Mauritius. C-Care has a considerable presence in Uganda and now extends to East Africa.

The HOTELS & RESORTS division of the company is the strategic partner of Mauritius for the Four Seasons and Shangri-La chains and owns several long-standing local hotels under the SUN Resorts brand.

The PROPERTIES branch of the company was created in June 2020 and operates land and buildings owned by CIEL. It also has a sustainable property development offering with a strong focus on biodiversity and agro-hub opportunities.

CIEL retains its original sugar roots thanks to its investment in the Alteo group (AGRO-BUSINESS) which employs more than 5,800 people. It is the largest sugar producer in Mauritius and has a strategic presence in East Africacreating a competitive advantage along the sugarcane value chain with the production of raw sugars, specialty granulated sugars, bagasse, molasses and energy.

As a country, Mauritius achieved exceptional economic performance. Its GDP rebounded in 2021, growing by around 4% over the year. The International Monetary Fund (IMF) predicts 6% growth for 2022. CIEL has acted as one of the cornerstones of the country’s growth and development for more than a century.

SKY was listed in 2014 on the Stock Exchange of Mauritius, an internationally recognized stock exchange, member of the World Federation of Stock Exchanges and winner of the 2017 title of the most innovative African stock exchange.

With a population of 1.2 million, the country has a growing economy that has consistently produced strong results. This has led to significant foreign direct investment and a rapidly growing financial, IT and digital services sector to complement traditional maritime and tourism assets. Its main export partners are the European Union, United Statesthe UKand South Africa.

“We are proud to be an international company committed to the development of Mauritius as an economy, and we plan to continue this journey of investment, growth and innovation across all of our sectors and in our chosen emerging markets.”added Jean-Pierre Dalais.

Quote

Show original content:https://www.prnewswire.com/news-releases/mauritius-listed-ciel-limited-marks-its-110th-anniversary-with-a-revenue-increase-of-over-50-301570933.html

SOURCE Sky Limited

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The Crypto Crash Was Inevitable and Necessary for Idealists to Come of Age https://www.koparunescape2gold.com/the-crypto-crash-was-inevitable-and-necessary-for-idealists-to-come-of-age/ Sat, 18 Jun 2022 10:27:00 +0000 https://www.koparunescape2gold.com/the-crypto-crash-was-inevitable-and-necessary-for-idealists-to-come-of-age/ “Rashbehari, Hazra, Bhowanipore, Exide, Park Street…” and so on the rap of a bus ticket conductor in Kolkata. The speed at which he rattles off the names of upcoming bus stops might be fascinating, but not nearly as much as the number of cryptocurrencies – and NFTs and top locations in Decentraland – that a […]]]>

“Rashbehari, Hazra, Bhowanipore, Exide, Park Street…” and so on the rap of a bus ticket conductor in Kolkata. The speed at which he rattles off the names of upcoming bus stops might be fascinating, but not nearly as much as the number of cryptocurrencies – and NFTs and top locations in Decentraland – that a 20-year-old might pick up at the good time (or not), only a few months ago.

The recent crash of Bitcoin, Tether, Solana and their peers – as the latest run on crypto lender Celsius – is not just a price correction. This may not even be the end of a “fad”. What it definitely is: A reality check for an entire generation that saw the mirage of a libertarian ideal (basically, a truly free society where no one is forced to play by state rules) in his reach. It was cute.

The end goal was that cryptos would replace money as we know it, and governments would lose the power to define what is legitimate currency and what is not. The surge in Dogecoin and Shiba Inu, the million-dollar auction for digital art, and the skyrocketing price of pixels in Decentraland were a cue to poke fun at baby boomers who didn’t believe that science -fiction was knocking on our doors, for real.

Don’t make a mistake. It’s not just millennials and Gen-Zers who take themselves too seriously. Like all utopian things, someone else would have dreamed of it sooner.

From Friedrich Hayek to James Dale Davidson and William Rees-Morg to our contemporary Ron Paul (who had an altcoin named after him), have predicted, recommended or wished for a society where individual freedom will reign supreme and a currency, free from government control, will be an important tool in the construction and survival of such a society.

The emergence of Bitcoin and its alternatives has made utopia seem closer than ever. For those who didn’t care for the Champs Elysées – the equivalent of paradise in Greek mythology – on Earth, they wanted to make the most of the rising tide of perceived value.

The recent crash in the value of these private digital currencies, which has plummeted along with other risky assets like stocks, has forced fans to wake up and smell the coffee.

These are some realities that have dawned on the dreamers. Ideology cannot be an excuse for financial indiscipline. Many borrowed money to buy bitcoin because fear of missing out — FOMO, as the popular acronym goes — outweighed rational investment principles. And, when they cut their losses and dump their holdings in the market, prices fall even further, taking the rug out from under those with greater risk appetite.

This can last until everyone is covered in a damp blanket or when new investments start pouring in. The financial indiscipline triggered by FOMO is not unique to crypto enthusiasts. Stock market investors around the world have done the same from time to time, including before the global mega crises of 1929 and 2008.

This brings us to the second fact about the world that also weighs on cryptocurrencies.

While there is something inherently nice about the idea that there is no single central institution like the government or the central bank controlling currencies, the alternative as it stands today hui – as investors in Terra and Luna’s UST stablecoin discovered in May 2022 – has been just as bad if not worse.

Large chunks of many cryptocurrencies, especially smaller ones, are held by a few people with lots of money to spare. When they go on a rampage, they cause a lot of damage to a lot of people.

A similar concentration risk has been seen in Lido Finance, which rewards owners of a cryptocurrency called Ether for validating transactions on the network. This allows owners to earn passive income from their investment without selling their Ether holdings.

One of Lido’s big clients, Celcius, pools client deposits to generate this passive income and redistributes it (after reserving some of it for himself). This worked well as long as the value of the staked Ether (the token given as a reward or passive income) is worth the same as the Ether itself and other market participants are willing to trade it for more. other tokens.

So whether it’s a run on a traditional bank or a decentralized financial platform, they look awfully similar. And, there aren’t as many people engaged in crypto as fans might want to believe.

The efficiency of any market depends on the number of participants in any market, be it cricket bats or cryptocurrencies. More the merrier, the merrier.

While the chaos and conversation in the crypto world can be all-consuming, there are only a few very loud people at these parties. Decibels don’t make the party “cool”. But they can attract the cops.

Influencers like Elon Musk (backing Dogecoin) can boost sentiment and prices with just tweets during good times, but their words don’t matter much when the tide is turning.

Even reading crypto charts through the eyes of the brilliant government-hating Hayek, who argued that prices reflect everything you need to know about a particular product/service/asset, the following chart would be depressing at best for believers. bitcoin and its peers.

Even the French Connection Finance dividend-paying token is down nearly 16% in the past month.

Like many other forms of idealism, this too, at a young age, sunk into the wall called reality. Maybe it will evolve, maybe it will come back with more intensity, maybe it won’t either. What is more certain, I will always be on this side of a laptop computer jotting down my observations.

Author Sriram Iyer is editor-in-chief of CNBCTV18.com. The opinions expressed are personal.

(Edited by : Sudarsanan Mani)

First post: STI

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Money eclipses COVID as top concern for international travel, Wise study finds https://www.koparunescape2gold.com/money-eclipses-covid-as-top-concern-for-international-travel-wise-study-finds/ Thu, 16 Jun 2022 13:00:00 +0000 https://www.koparunescape2gold.com/money-eclipses-covid-as-top-concern-for-international-travel-wise-study-finds/ Wise More international travelers fear running out of money than contracting virus abroad; affording travel is a bigger deterrent than COVID restrictions NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) — A new study announced today found that the COVID-19 virus is no longer the biggest stressor for American consumers when it comes to traveling to […]]]>

Wise

More international travelers fear running out of money than contracting virus abroad; affording travel is a bigger deterrent than COVID restrictions

NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) — A new study announced today found that the COVID-19 virus is no longer the biggest stressor for American consumers when it comes to traveling to abroad – it’s money. Commissioned by Wisethe global technology company creating the best way to move money around the world, the study found that 43% of consumers are likely to travel abroad in the next twelve months1Rising costs are impacting the international travel plans of almost half (46%) of consumers.

The study also found that among respondents who are less likely to travel abroad, the biggest deterrent is simply not having the money to afford it (47%), while a more few say COVID is a deterrent (37%), and more than a quarter (27%) cite inflation. Meanwhile, 46% of respondents say running out of money is a major emergency they worry about when traveling abroad, while 42% worry about contracting COVID and having to extend their journey in quarantine at their destination – which, in turn, means more money spent on accommodation, flight changes, meals and other daily expenses.

“While COVID is clearly still a concern, it’s not stopping consumers from travelling. That’s why it’s so important to plan ahead and be prepared for all travel scenarios, and that’s where a strong financial partner comes in,” said Sharon Anne Kean, Senior Director of international expansion at Wise. “Travelers going abroad should make sure they understand foreign exchange rates and transaction fees, and look for a universal account, such as Wise, which can reduce unnecessary costs while helping them pay like a local.”

Other findings from the study include:

Money-saving tips abound… but so do bad habits: The study found widespread money-saving savvy among the majority of consumers, with more than four in five (84%) respondents saying they use money-saving hacks for travel. The most popular methods include: booking on the cheapest days to travel (38%), grocery shopping or eating in (35%), traveling during the destination’s low season (31%), using a card credit with travel bonuses (31%), and the search for the cheapest exchange rates (23%).

At the same time, respondents also admit their ignorance regarding the basics of travel and some bad travel habits. Specifically, a majority (57%) don’t know if there is a cost, or think there is no cost, to spending money abroad. Additionally, when it comes to other habits, consumers indicated that they don’t plan activities in advance (41%), they don’t budget enough money when booking travel plans trip (30%), that they book their trip at the last minute (22%) and that they forget to exchange currencies in advance (17%).

Additionally, more than 1 in 10 (12%) admit to booking travel plans based on what they see on social media without considering budget. That number more than doubles to over 27%, when looking specifically at the Gen Z population.

The great monetary debate: To cash in or not to cash in? : The research also revealed mixed approaches to how consumers plan to pay for overseas travel, and touched on common themes for cash-use versus non-use plans. Of the four in five (79%) who plan to use physical currency, their reasons include wanting to have cash on hand for an emergency (62%), wanting to be ready to pay when a card is not accepted (51%), believing that merchants in their destination will ask them to use cash (31%), and wanting to pay like a local (27%).

Of nearly a quarter (21%) of respondents who do not plan to use physical currency, reasons include: they plan to use a debit or credit card (55%), they fear for their security ( 23%) and they worry about high exchange rates (22%). The same number of respondents (17% each) say they intend to use a digital wallet, plan to visit multiple destinations that require too much currency, or don’t want to have to exchange leftover cash. Additionally, one in 10 (11%) travelers plan to use a money transfer app to pay for purchases abroad.

Manage your money abroad: pay like a local
With the increase in international travel, consumers need convenient, fast and affordable ways to manage their money while on the go. Wise enables consumers and businesses to send, spend, hold and receive in over 50 currencies, at the real exchange rate, without the hidden fees charged by banks and alternative providers. With Wise, travelers can manage their money with ease and focus on what matters most: enjoying their trips abroad.

To learn more about how Wise can help you save while spending abroad, visit: https://wise.com/us/.

About the study
On behalf of Wise, Researchscape International surveyed 2,221 U.S. and Canadian adult consumers (ages 18 and older) in May 2022. The results reflected in this press release relate only to the results of the 1,097 U.S. respondents. Results were weighted by age, gender, census division, education level and employment status.

About Wise
Wise is a global technology company, creating the best way to move money around the world. With the Wise account, individuals and businesses can hold over 50 currencies, transfer money between countries, and spend money abroad. Large corporations and banks also use Wise technology; a brand new cross-border payments network that will one day power borderless money for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.

Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the most profitable and fastest growing technology companies in the world and is listed on the London Stock Exchange under the symbol WISE.

13 million people and businesses use Wise, which processes more than £6 billion ($8 billion) in cross-border transactions every month, saving customers more than £1 billion (1, $3 billion) per year.

contacts

jessica canter
Jessica.Canter@Wise.com

Ben Liwanag
Benjamin.Liwanag@Wise.com

1 Combines 11% completely likely, 12% very likely, and 20% somewhat likely.

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International Endeavors Corp. enters a trillion dollars https://www.koparunescape2gold.com/international-endeavors-corp-enters-a-trillion-dollars/ Tue, 14 Jun 2022 13:00:00 +0000 https://www.koparunescape2gold.com/international-endeavors-corp-enters-a-trillion-dollars/ NEW YORK, NY, June 14, 2022 (GLOBE NEWSWIRE) — International Endeavors Corp. (“IEC”) (OTC PINK: IDVV) entered the nearly $1 trillion global renewable energy industry through its January 2022 acquisition of Universal Voltage, a clean energy company that offers a suite of commercial and residential solar products, backup and EV2G/two-way charging. IEC then expanded its […]]]>

NEW YORK, NY, June 14, 2022 (GLOBE NEWSWIRE) — International Endeavors Corp. (“IEC”) (OTC PINK: IDVV) entered the nearly $1 trillion global renewable energy industry through its January 2022 acquisition of Universal Voltage, a clean energy company that offers a suite of commercial and residential solar products, backup and EV2G/two-way charging. IEC then expanded its lineup by announcing that it planned to introduce a crypto-mining product that it developed by integrating crypto-mining capabilities into technologies it acquired from Universal Voltage. Both announcements established IEC’s commitment to growing its green energy footprint, and the news positions IEC to provide both a solar power source and a clean crypto-mining solution for residential and commercial users.

As part of the acquisition, IEC secured Universal Voltage franchises and partnerships for a multitude of products and included existing product sales and installations in the first quarter of 2022. In total, the acquisition has the potential to radically change the future of IEC by enabling the company to create shareholder value. . After all, IEC now has a legitimate way to start generating significant annual revenue in an industry that is expected to reach nearly $2 trillion by the end of the decade, according to many analysts.

And as we fast forward to today, the network of distributors and partnerships that IEC has acquired during the acquisition will be invaluable. Five months into Universal Voltage’s ownership, IEC has already introduced a solar-powered clean energy (UV-OG) crypto-mining container. The company’s UV-OG series uses the latest solar, battery and crypto mining technologies to provide its users with a residential or commercial power source that can also mine cryptocurrency like Bitcoin more responsibly.

The introduction of the new UV-OG series has already generated real interest. IEC announced late last week that it had launched the initial phase of its $1 million+ solar-powered clean energy crypto project in Baja, Mexico. The agreement covers the development and sale of 10 UV-OG units. According to the company, the primary use of the units will be to provide an off-grid power solution for a housing project under development in the Baja California region of Mexico. Each UV-OG unit will also have solar power and crypto-extraction to maximize the use of the energy generated.

In addition, IEC has announced that it sees many development opportunities on both the residential and commercial side, and the company intends to expand further into Latin America. Currently, IEC said it is in negotiations to develop another project in Costa Rica.

IEC’s interest in advancing its own cryptography solution is clear. Cryptocurrency mining is notorious for wasting electricity. Current mining practices are thought to add up to 40 million tonnes of carbon dioxide to the atmosphere each year. Bitcoin mining, for example, which involves creating new bitcoins and updating the digital ledger that tracks transactions, consumes large amounts of computing power and electricity. To earn bitcoins, miners solve increasingly difficult puzzles. The faster and more efficiently they solve these puzzles, the more bitcoins they get and the harder it becomes to mine new ones.

The company said its mining rigs will be compatible with its suite of commercial and residential solar, backup and EV2G/two-way chargers, allowing users to mine clean crypto energy. IEC says its vision is to provide new and existing customers who own solar/battery backup setups the ability to sell power back to the grid or mine cryptocurrency, whichever is most beneficial to the customer. customer.

The company’s off-grid power solution will allow any surplus power generated by its solar technology to be used for crypto mining, creating an opportunity for people using off-grid power to be able to generate income similar or better than reselling to the network, which improves their return on investment.

To learn more about International Endeavors Corp., visit https://idvvcorp.com or follow IEC on Twitter at https://twitter.com/IDVVcorp

About International Endeavors Corp.

International Endeavors Corporation is an alternative energy company focused on the marketing, sales, distribution, and installation of solar technology, battery storage, two-way charging, and cryptocurrency mining rigs clean energy in the United States and Latin America. The company is focused on providing solutions to improve customer ROI on and off the grid. In addition to its core business, IEC is engaged in locating, acquiring and partnering with established, environmentally friendly companies, brands and technologies in the green energy sector.

About Stock Market Media Group

Stock Market Media Group is an IR/PR news and media content development company providing a platform for business stories to unfold in the media with news articles, press releases, reports research, corporate videos and radio-style CEO interviews. Your story, our words!

This article was written based on publicly available information. Stock Market Media Group may, from time to time, include our own opinions on companies, their businesses, markets and opportunities in our articles. Any opinions we may offer about any of the companies we write about are ours alone and are based on our rights under the First Amendment to the United States Constitution and are provided for general discussion of opinion only. of our readers. Our opinions should not be considered complete, accurate, accurate or current investment advice, nor should they be construed or construed as research. Any investment decision you may make regarding any of the securities we write about is your sole responsibility based on your own due diligence. Our publications are provided for informational purposes only and as a starting point for carrying out further independent research. We encourage you to invest with caution and to read the investor information available on the United States Securities and Exchange Commission’s website at www.sec.gov, where you can also find IEC filings and disclosures. We also recommend, as a general rule, that before investing in any security you consult a professional financial planner or adviser, and you should make full and independent investigation before investing in any security after careful consideration of all the relevant risks. We are not a registered broker, trader, analyst or adviser. We do not hold any investment license and cannot sell, offer to sell or offer to buy securities. Our postings on IEC do not constitute a recommendation to buy or sell any security.

If Stock Market Media Group and its management hold shares in the profiled company, they may benefit from any increases in the share price of the profiled companies and hold the right to sell the purchased shares at any time, including shortly thereafter. the publication of the announcement of the company profile. Section 17(b) of the Securities and Exchange Act of 1933 requires publishers who disseminate information about publicly traded securities for compensation to disclose who paid for them, the amount and type of payment. Pursuant to the Securities Act of 1933, Section 17(b), Stock Market Media Group discloses that it was compensated one thousand three hundred dollars paid by a third party via wire transfer, to produce this IEC-related content.

Stock Market Media Group and its management do not hold any shares of IEC and never accept compensation in free trading shares for its marketing services from the company being profiled, but the third parties who compensated Stock Market Media Group may hold free trading shares of the company being profiled and could very well sell, hold or buy shares of the company at the same time that the content is disseminated to potential investors; this should be considered a definite conflict of interest and as such should be taken into account by the reader.

If Stock Market Media Group accepts compensation in the form of free shares of the profiled company and decides to sell those shares on the public market at any time before, during or after the publication of the company profile, our disclaimer will be updated accordingly to reflect the current position of all free trading shares received as compensation for our services.

For more information: https://www.stockmarketmediagroup.com

        

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Will CashFi (CFI) become as big as Litecoin and PancakeSwap? https://www.koparunescape2gold.com/will-cashfi-cfi-become-as-big-as-litecoin-and-pancakeswap/ Thu, 09 Jun 2022 13:26:21 +0000 https://www.koparunescape2gold.com/will-cashfi-cfi-become-as-big-as-litecoin-and-pancakeswap/ Cryptocurrency is a digital currency that is now used as an alternative form of payment in some countries, using encryption methods in many different places around the world. Lately, decentralized Finance (Challenge) and decentralized tokens have swept the cryptocurrency industry. will investigate if CashFi (CFI)an upcoming DeFi token, has what it takes to become as […]]]>

Cryptocurrency is a digital currency that is now used as an alternative form of payment in some countries, using encryption methods in many different places around the world. Lately, decentralized Finance (Challenge) and decentralized tokens have swept the cryptocurrency industry. will investigate if CashFi (CFI)an upcoming DeFi token, has what it takes to become as big as Litecoin (LTC) and Exchange of pancakes (CAKE).

Litecoin (LTC)

It is one of the first cryptocurrency coins, having been created in 2011. As a result, it is among the crypto tokens that can be relied on for long-term investments. Despite his advanced age, the Litecoin (LTC) The development team is constantly working on new features to keep up with the rapid pace of fintech activity. The currency remained not only relevant but also highly lucrative. The most recent update, released in January, emphasizes security and privacy by keeping digital ledger transactions secret. Litecoin (LTC) is considered by crypto professionals to be an excellent alternative to Bitcoin (BTC).

Exchange of pancakes (CAKE)

Exchange of pancakes (CAKE) offers a wealth of opportunities for investors to profit from. It uses smart contract technology to work as a long-term money maker, allowing you to trade currencies on numerous exchanges and earn profits. It is particularly popular with investors who aim to derive long-term income from cryptocurrencies. Annual income at maturity in excess of 60% can be generated through the infrastructure that allows investors to link their portfolios.

It is not necessary to create a PancakeSwap (CAKE) account. All you need to do to start trading is to link your portfolio. It has the advantage of supporting a variety of wallets, including Binance Chain Wallet, SafePal, MetMask, Trust Wallet and others. Since you are not required to create an account, verification is not necessary. After connecting your wallet, you can start trading immediately.

Exchange of pancakes (CAKE) attaches great importance to the privacy of its consumers. Because it’s a decentralized network, you can be sure that your privacy will be protected whether you are buying, selling or trading crypto. The biggest advantage of this program is that you can trade the crypto in seconds. Interestingly, it has never been hacked in terms of security, which makes it an extremely safe network.

CashFi (CFI)

With its ERC20 token, $CFI, CashFi (CFI) is a new generation decentralized network. It will give investors access to a variety of asset types through a unique fee-sharing model. Users are exposed to a variety of asset types, such as liquid stacking, NFTs, and synthetics. CashFi (CFI) platform is intended to bring the block chain ecosystem together to deliver faster, more cost-effective and scalable services.

“CashFi (CF) has identified the key characteristics of thriving PoS ecosystems,” according to its white paper. CashFi’s (CFI) major participation mechanisms have surpassed all others and are currently on the rise, with improved energy efficiency for a greener world at the forefront. From PoS, the liquid staking market is a relatively new phenomenon that has seen tremendous growth since its inception.

With a market value of $11.760 billion, the liquid staking market is approaching a tipping point. Due to the rapid development of the PoS market, Liquid Staking has grown by more than 1100% in 2021 alone. The application of staked assets and their use in the Challenge sector, especially throughout the staking period, is expected to transform the current staking paradigm. CashFi (CFI) will introduce PoS asset currencies into the DeFi ecosystem with a market value greater than Total Value Locked (TVL) for a variety of uses other than staking incentives.

Supplying liquidity for DEXs and facilitating will be among these uses of coin lending and borrowing. CashFi (CFI) will also add a verification arm to its ecosystem, allowing it to validate entire networks spanning different chains.

On the grounds that CashFi (CFI) is basically a complete package when it comes to Challenge platforms, it could very well turn out to be the next big thing in the crypto space.

Learn more about CashFi (CFI):

Join the presale: http://presale.cashfi.space/register

Website: http://cashfi.space

Disclaimer: This article is a paid publication and does not involve any journalistic or editorial involvement with the Hindustan Times. Hindustan Times does not endorse/endorse the content of the article/advertisement and/or opinions expressed herein.

The reader is also advised that Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss arising from such transactions.

Hindustan Times shall not be responsible and/or liable in any way whatsoever for anything stated in the article and/or also with respect to views, opinions, announcements, statements, assertions, etc. ., indicated / presented in same. The decision to read below is purely a matter of choice and should be construed as an express covenant/warranty to Hindustan Times to be absolved from any potential legal action or enforceable claim. Content may be for informational and educational purposes and does not constitute financial advice.

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