India’s Central Bank RBI Unveils Plan to Launch Digital Currency in Phases
The deputy governor of the Reserve Bank of India (RBI) has revealed that the central bank is planning to launch a state-backed digital currency in phases so that it would have “little or no disruption to India’s banking or monetary systems.”
RBI Plans ‘Phased Implementation’ for Digital RupeeRBI Deputy Governor T. Rabi Sankar talked about India’s central bank digital currency (CBDC) at the Vidhi Centre for Legal Policy on Thursday, local media reported.He explained that the “RBI has been exploring the pros and cons of introduction of CBDCs since quite some time,” elaborating:RBI is currently working towards a phased implementation strategy and examining use cases which could be implemented with little or no disruption to India’s banking or monetary systems.
According to the central bank, a CBDC “is the same as a fiat currency and is exchangeable one-to-one with the fiat currency,” Sankar described, adding that “Only its form is different.”He noted that “Generally, countries have implemented specific-purpose CBDCs in the wholesale and retail segments,” emphasizing that “Going forward, after studying the impact of these models, launch of general-purpose CBDCs shall be evaluated.”The deputy governor further opined, “conducting pilots in wholesale and retail segments may be a possibility in near future.”
Deputy Governor Sankar highlighted a few benefits of a central bank-backed digital currency. They include reducing dependency on cash, saving on the cost of money printing, and enhancing settlement mechanisms. Another benefit is the elimination of the “time zone difference” in foreign exchange transactions, which would result in a cheaper and smoother international settlement system.He also clarified that private cryptocurrencies, such as bitcoin, do not fit the RBI’s definition of currency and one of the reasons central banks worldwide, including India, are experimenting with CBDCs is to minimize the risks posed by cryptocurrencies on traditional financial systems.
The deputy governor of the Reserve Bank of India (RBI) has revealed that the central bank is planning to launch a state-backed digital currency in phases so that it would have “little or no disruption to India’s banking or monetary systems.”
RBI Plans ‘Phased Implementation’ for Digital RupeeRBI Deputy Governor T. Rabi Sankar talked about India’s central bank digital currency (CBDC) at the Vidhi Centre for Legal Policy on Thursday, local media reported.He explained that the “RBI has been exploring the pros and cons of introduction of CBDCs since quite some time,” elaborating:RBI is currently working towards a phased implementation strategy and examining use cases which could be implemented with little or no disruption to India’s banking or monetary systems.
According to the central bank, a CBDC “is the same as a fiat currency and is exchangeable one-to-one with the fiat currency,” Sankar described, adding that “Only its form is different.”He noted that “Generally, countries have implemented specific-purpose CBDCs in the wholesale and retail segments,” emphasizing that “Going forward, after studying the impact of these models, launch of general-purpose CBDCs shall be evaluated.”The deputy governor further opined, “conducting pilots in wholesale and retail segments may be a possibility in near future.”
Deputy Governor Sankar highlighted a few benefits of a central bank-backed digital currency. They include reducing dependency on cash, saving on the cost of money printing, and enhancing settlement mechanisms. Another benefit is the elimination of the “time zone difference” in foreign exchange transactions, which would result in a cheaper and smoother international settlement system.He also clarified that private cryptocurrencies, such as bitcoin, do not fit the RBI’s definition of currency and one of the reasons central banks worldwide, including India, are experimenting with CBDCs is to minimize the risks posed by cryptocurrencies on traditional financial systems.
Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory Deadline
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have not been able to meet the requirements.
11 Crypto Exchanges Could Be Shut DownSouth Korea’s top financial regulator, the Financial Services Commission (FSC), will reportedly shut down 11 cryptocurrency exchanges, The Korea Herald reported Monday, citing unnamed industry sources.The 11 crypto exchanges allegedly used fraudulent collective bank accounts and the FSC plans to notify prosecution and police of the alleged illegal activities, the sources added, noting that the exchanges will find it impossible to get approvals from the FSC to continue their businesses. The names of the exchanges have not been disclosed.Crypto exchanges must obtain approval from the FSC by Sept. 24 to continue operations. Some efforts to provide more time for exchanges to comply with regulations, such as by People Power Party Congresswoman Cho Myeong-hee, who hoped to extend the deadline until Dec. 24, have been dismissed. The FSC stands by its Sept. 24 deadline, stating that crypto exchanges have already been given a six-month grace period.One of the requirements is for crypto exchanges to partner with local banks to open real-name accounts for customers. However, banks have been reluctant to partner with exchanges other than the top four: Bithumb, Upbit, Coinone, and Korbit. Without the ability to offer real-name accounts, exchanges will have to cease operations. Several mid-sized exchanges have already announced plans to shut down or suspend services, the publication conveyed, adding that Darlbit went out of business on July 15. CPDAX said on July 30 it will terminate services on Sept. 1, emphasizing: “It is not a temporary but a permanent measure to close business. Those who possess cryptocurrencies in the account must withdraw them before 3:00 p.m. on Aug. 31.”Another requirement is that exchanges must obtain an Information Security Management System (ISMS) certificate. Many crypto exchanges in South Korea also find it difficult to meet the requirements for this certification. The publication noted that Bitsonic exchange, for example, announced on July 30 that it will temporarily stop providing services to renew its service systems in order to meet the ISMS requirements.
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have not been able to meet the requirements.
11 Crypto Exchanges Could Be Shut DownSouth Korea’s top financial regulator, the Financial Services Commission (FSC), will reportedly shut down 11 cryptocurrency exchanges, The Korea Herald reported Monday, citing unnamed industry sources.The 11 crypto exchanges allegedly used fraudulent collective bank accounts and the FSC plans to notify prosecution and police of the alleged illegal activities, the sources added, noting that the exchanges will find it impossible to get approvals from the FSC to continue their businesses. The names of the exchanges have not been disclosed.Crypto exchanges must obtain approval from the FSC by Sept. 24 to continue operations. Some efforts to provide more time for exchanges to comply with regulations, such as by People Power Party Congresswoman Cho Myeong-hee, who hoped to extend the deadline until Dec. 24, have been dismissed. The FSC stands by its Sept. 24 deadline, stating that crypto exchanges have already been given a six-month grace period.One of the requirements is for crypto exchanges to partner with local banks to open real-name accounts for customers. However, banks have been reluctant to partner with exchanges other than the top four: Bithumb, Upbit, Coinone, and Korbit. Without the ability to offer real-name accounts, exchanges will have to cease operations. Several mid-sized exchanges have already announced plans to shut down or suspend services, the publication conveyed, adding that Darlbit went out of business on July 15. CPDAX said on July 30 it will terminate services on Sept. 1, emphasizing: “It is not a temporary but a permanent measure to close business. Those who possess cryptocurrencies in the account must withdraw them before 3:00 p.m. on Aug. 31.”Another requirement is that exchanges must obtain an Information Security Management System (ISMS) certificate. Many crypto exchanges in South Korea also find it difficult to meet the requirements for this certification. The publication noted that Bitsonic exchange, for example, announced on July 30 that it will temporarily stop providing services to renew its service systems in order to meet the ISMS requirements.
AMC Movie Theaters to Allow BTC Payments for Movie Tickets
AMC movie theaters are allowing people to pay for movie tickets and concession items (such as popcorn and other goodies) with bitcoin by the end of the year.
AMC Will Now Accept BTCThe movie theater chain made the announcement in a press release earlier in the week. Moviegoers will now be able to see their favorite films and catch up on the latest movie franchises by paying with the world’s number one digital currency by market cap.
This brings bitcoin closer to its primary goal of being used as a payment currency. The world’s number one digital asset – along with several of its altcoin cousins – was initially designed as a payment tool; something that could push checks, fiat currencies, and credit cards to the side and be utilized for paying goods and services.
AMC movie theaters are allowing people to pay for movie tickets and concession items (such as popcorn and other goodies) with bitcoin by the end of the year.
AMC Will Now Accept BTCThe movie theater chain made the announcement in a press release earlier in the week. Moviegoers will now be able to see their favorite films and catch up on the latest movie franchises by paying with the world’s number one digital currency by market cap.
This brings bitcoin closer to its primary goal of being used as a payment currency. The world’s number one digital asset – along with several of its altcoin cousins – was initially designed as a payment tool; something that could push checks, fiat currencies, and credit cards to the side and be utilized for paying goods and services.
Some really interesting news about TrendGuru AI project has been popping up in many crypto related media in the last few days. It looks like Artificial Intelligence has started a revolution in the crypto market!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
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TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
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Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
19 People Arrested in Hong Kong for Alleged $1,400,000 Crypto Scam
Police officers in Hong Kong have arrested 19 people who are allegedly involved in a $1.4-million fake crypto investment scheme.
The fraudsters reportedly told their victims that they could make a fortune if they invest in cryptocurrency and lured them with images of luxury lifestyles.
According to RTHK News, the scammers targeted 170 individuals from different countries, including China and the United Kingdom.
Officers arrested 11 men and 8 women, and also seized 9 computers, 128 smartphones, a racing car, cryptocurrency worth $6,417, and $179,695 in cash during the two-day police operation.
Police officers in Hong Kong have arrested 19 people who are allegedly involved in a $1.4-million fake crypto investment scheme.
The fraudsters reportedly told their victims that they could make a fortune if they invest in cryptocurrency and lured them with images of luxury lifestyles.
According to RTHK News, the scammers targeted 170 individuals from different countries, including China and the United Kingdom.
Officers arrested 11 men and 8 women, and also seized 9 computers, 128 smartphones, a racing car, cryptocurrency worth $6,417, and $179,695 in cash during the two-day police operation.
Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
The Highly Anticipated Carbon Social Platform Has Launched
PRESS RELEASE. The highly anticipated new crypto friendly social platform, Carbon, has launched.
Carbon has been in beta stage since March, undergoing thorough testing, improvements and added features and gaining over 12,000 beta testers.
Offering an emphasis on free speech as well as great security and privacy, Carbon includes an end-to-end encrypted messenger, integrated crypto portfolio tracker, Twitter style social feed, Reddit style topics and much more.
PRESS RELEASE. The highly anticipated new crypto friendly social platform, Carbon, has launched.
Carbon has been in beta stage since March, undergoing thorough testing, improvements and added features and gaining over 12,000 beta testers.
Offering an emphasis on free speech as well as great security and privacy, Carbon includes an end-to-end encrypted messenger, integrated crypto portfolio tracker, Twitter style social feed, Reddit style topics and much more.
The Next El Salvador? These Are the Regions Witnessing a ‘Gravitation’ Towards Bitcoin, Says Grayscale CEO
The chief executive officer of Grayscale says emerging nations are gradually being drawn toward Bitcoin (BTC).
In a Yahoo! Finance interview, CEO Michael Sonnenshein of the crypto investment company says certain regions of the world will embrace Bitcoin (BTC) whether their governments take action or not.
“When we think about where adoption rates are taking place, they are highest in the emerging markets, in places like Africa, Southeast Asia [and] parts of South America.
But certainly, we’re seeing a gravitation towards Bitcoin regardless of government action in some of these countries because a lot of these citizens either don’t have access to financial services… or perhaps their local currencies have been debased or have been eroded in some way because there hasn’t been enough government control over their local currency.”
The chief executive officer of Grayscale says emerging nations are gradually being drawn toward Bitcoin (BTC).
In a Yahoo! Finance interview, CEO Michael Sonnenshein of the crypto investment company says certain regions of the world will embrace Bitcoin (BTC) whether their governments take action or not.
“When we think about where adoption rates are taking place, they are highest in the emerging markets, in places like Africa, Southeast Asia [and] parts of South America.
But certainly, we’re seeing a gravitation towards Bitcoin regardless of government action in some of these countries because a lot of these citizens either don’t have access to financial services… or perhaps their local currencies have been debased or have been eroded in some way because there hasn’t been enough government control over their local currency.”
Fuel Labs raises $1.5M led by CoinFund for its Ethereum layer-2 solution
Fuel Labs, which is building permissionless and trustless layer-2 protocols for Ethereum, today announced $1.5M USD of support led by blockchain-focused investment firm CoinFund. Other participants include Fenbushi Capital and Origin Capital.
The Fuel Labs’ team is building Fuel for optimistic rollup: a fully decentralized scaling solution that utilizes layer-2 techniques to create a non-custodial, censorship-resistant, and permissionless platform with a unique UTXO-based design. The Ethereum-based protocol has been developed to drastically reduce costs for high-throughput value-transfer transactions.
Fuel Labs, which is building permissionless and trustless layer-2 protocols for Ethereum, today announced $1.5M USD of support led by blockchain-focused investment firm CoinFund. Other participants include Fenbushi Capital and Origin Capital.
The Fuel Labs’ team is building Fuel for optimistic rollup: a fully decentralized scaling solution that utilizes layer-2 techniques to create a non-custodial, censorship-resistant, and permissionless platform with a unique UTXO-based design. The Ethereum-based protocol has been developed to drastically reduce costs for high-throughput value-transfer transactions.
Bitcoin’s September Curse Remains Unbroken, Will October Change The Tide?
September comes to an end, yet Bitcoin’s September curse remains unbroken. The asset closed the month with another below-par performance despite showing a strong promise at the start.
History Repeats ItselfBitcoin started September with prices hovering around $47,000, going on to climb above $50K, buoyed by several positive sentiments. Optimism ran high amongst investors that this September might prove to be different from others but in a twist of faith, Bitcoin closed the month with prices at $43K.
This means that in the last 10 years, Bitcoin has recorded 6 negative Septembers and in the last five years have recorded five consecutive bad Septembers. The month began with the news of El Salvador’s adoption of Bitcoin as legal tender but the move was plagued with opposition protests and technical issues with the rollout of the Chivo wallet. Then, there was the debacle with Evergrande and its debt quagmire that sent the cryptocurrency markets tumbling down.
September comes to an end, yet Bitcoin’s September curse remains unbroken. The asset closed the month with another below-par performance despite showing a strong promise at the start.
History Repeats ItselfBitcoin started September with prices hovering around $47,000, going on to climb above $50K, buoyed by several positive sentiments. Optimism ran high amongst investors that this September might prove to be different from others but in a twist of faith, Bitcoin closed the month with prices at $43K.
This means that in the last 10 years, Bitcoin has recorded 6 negative Septembers and in the last five years have recorded five consecutive bad Septembers. The month began with the news of El Salvador’s adoption of Bitcoin as legal tender but the move was plagued with opposition protests and technical issues with the rollout of the Chivo wallet. Then, there was the debacle with Evergrande and its debt quagmire that sent the cryptocurrency markets tumbling down.
India’s Leading Short-Videos Sharing Platform Chingari Raises $19M For Its Token Round
Chingari, India’s leading short video sharing platform, is happy to announce it has completed its funding round, raising over $19 million in funding.
As per the announcement, Chingari’s funding round saw the participation of over 30 venture funds and individual investors who came together to support the platform’s vision of allowing users to share their talents with the world. Some of the major investors who participated in the funding round included AU21, Cultur3 Capital, Republic Crypto, Abi Subramanium, Galaxy Digital, Criterion VCAlameda Research, Solana Capital, Kyle Chase MV Fund, Afton Capital, Kraken Ventures, Blackpine, NGC, Coinfund, LD Capital, 11-11 Ventures, Long Term Ventures, Valor Equity Partners, CSP DAO and many others.
Chingari, India’s leading short video sharing platform, is happy to announce it has completed its funding round, raising over $19 million in funding.
As per the announcement, Chingari’s funding round saw the participation of over 30 venture funds and individual investors who came together to support the platform’s vision of allowing users to share their talents with the world. Some of the major investors who participated in the funding round included AU21, Cultur3 Capital, Republic Crypto, Abi Subramanium, Galaxy Digital, Criterion VCAlameda Research, Solana Capital, Kyle Chase MV Fund, Afton Capital, Kraken Ventures, Blackpine, NGC, Coinfund, LD Capital, 11-11 Ventures, Long Term Ventures, Valor Equity Partners, CSP DAO and many others.
Forwarded from TrendGuru AI
A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Associated Press Will Utilize Chainlink To Record Real-World Data on Various Blockchains
The Associated Press (AP) is tapping decentralized oracle network Chainlink (LINK) to make its data accessible on leading blockchains.
Chainlink serves as a bridge that can bring off-chain information to blockchains and smart contracts.
The news agency says it’s launching a Chainlink node that will enable it to supply and directly sell datasets on US political elections, economic data, sports results, and business financials that can be used by applications running on blockchains.
The AP’s announcement comes amid the increasing popularity of smart contracts, which are designed to be tamperproof programs that automatically execute outcomes when certain conditions are met.
The Associated Press (AP) is tapping decentralized oracle network Chainlink (LINK) to make its data accessible on leading blockchains.
Chainlink serves as a bridge that can bring off-chain information to blockchains and smart contracts.
The news agency says it’s launching a Chainlink node that will enable it to supply and directly sell datasets on US political elections, economic data, sports results, and business financials that can be used by applications running on blockchains.
The AP’s announcement comes amid the increasing popularity of smart contracts, which are designed to be tamperproof programs that automatically execute outcomes when certain conditions are met.
The largest crypto casino 7BitCasino gives out free bonuses to newcomers
Crypto casino today has become a new trend in the world of the crypto industry. The opportunity to make money with ease is now available to everyone. Try yourself in the largest crypto casino on the Internet! Register now and get free spins and bonuses!
Crypto casino today has become a new trend in the world of the crypto industry. The opportunity to make money with ease is now available to everyone. Try yourself in the largest crypto casino on the Internet! Register now and get free spins and bonuses!
US Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFs
U.S. lawmakers have called on the Securities and Exchange Commission (SEC) to approve bitcoin spot exchange-traded funds (ETFs). Since the SEC has approved the trading of bitcoin futures ETFs, the lawmakers said it “should no longer have concerns with bitcoin spot ETFs and should show a similar willingness to permit the trading of bitcoin spot ETFs.”
Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFsU.S. Representatives Tom Emmer and Darren Soto sent a bipartisan letter to the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, Wednesday regarding bitcoin exchange-traded funds (ETFs). So far, the SEC has approved two bitcoin futures ETFs but has yet to approve any bitcoin spot ETF.Rep. Emmer said:
The SEC’s approach to cryptocurrency regulation has been unacceptable. While the trading of bitcoin futures ETFs is a great step forward for the millions of American investors who have been demanding regulatory clarity, it does not make sense that bitcoin spot ETFs cannot also commence trading.
U.S. lawmakers have called on the Securities and Exchange Commission (SEC) to approve bitcoin spot exchange-traded funds (ETFs). Since the SEC has approved the trading of bitcoin futures ETFs, the lawmakers said it “should no longer have concerns with bitcoin spot ETFs and should show a similar willingness to permit the trading of bitcoin spot ETFs.”
Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFsU.S. Representatives Tom Emmer and Darren Soto sent a bipartisan letter to the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, Wednesday regarding bitcoin exchange-traded funds (ETFs). So far, the SEC has approved two bitcoin futures ETFs but has yet to approve any bitcoin spot ETF.Rep. Emmer said:
The SEC’s approach to cryptocurrency regulation has been unacceptable. While the trading of bitcoin futures ETFs is a great step forward for the millions of American investors who have been demanding regulatory clarity, it does not make sense that bitcoin spot ETFs cannot also commence trading.