‘I don’t believe in a self-regulated financial sector’

‘I don’t believe in a self-regulated financial sector’
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Mere days before the second round of the fateful presidential election in France, the incumbent President of the Republic, Emmanuel Macron, sat down with local media to share his thoughts on the digital economy — a subject he didn’t speak on much before. While emphasizing the importance of the sector, Macron once again reiterated his support for the pan-European approach to financial technology regulation. 

The interview with French publication The Big Wale came on April 22, two days before the runoff that will see Macron face the right-wing populist Marine Le Pen. According to most polls, Macron is more likely to win, yet the margin is expected to be very thin. In the 2017, he outpaced Le Pen with 66.1% of the vote in the second round.

Responding to a sequence of questions about digital economy, Web 3.0 and crypto, the incumbent President stood firm by his trademark cautiousness toward innovation:

“It represents […] an opportunity not to be missed […] for France and Europe to lead the future generations of the web. But it is also a social and societal challenge.”

Macron seemed pleased to note how number of French unicorn companies ⁠— that is, private startups valued at $1 billion or more ⁠— rose from 3 to 26 during his presidential term, while overall investments in French startups increased fivefold. He also mentioned setting the bar at 100 French companies with a unicorn status and 10 being European giants by 2030.

One way to achieve that, Macron said, would be expanding code learning in public schools to train 400,000 to 500,000 additional developers over the next five years.

The president also elaborated on his earlier mention of the “European metaverse,” saying that it is important that European players do not depend on American or Chinese technological giants in “mastering the technological building blocks associated with Web3.” Europe, he maintained, has an edge in the NFT sector due to its imense cultural heritage. Macron said:

“We cannot consider our cultural policy without this revolution. I want our main cultural institutions to develop an NFT policy, by promoting, disseminating and protecting the digital twins or variations of their physical collections.”

Commenting on the recent European Parliament regulations of crypto, Macron supported the current approach (and the MiCA framework specifically), noting that the new rules should not hinder innovation:

“I don’t believe in a self-regulated financial sector. This would be neither sustainable nor democratic. It is up to the public authorities to define the right conditions to allow the sector to develop in confidence while encouraging innovation.”

The 44-year-old politician also vocally supported the digital euro project, which has been getting pushback from the public recently.

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A closer look at crypto projects that make the world a greener place

A closer look at crypto projects that make the world a greener place
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Earth Day, a 52-year-old tradition celebrated annually on April 22, provides an opportune moment for the world’s citizens to reflect upon their environmental progress, as well as rally support for political policy-making, cultural climate awareness and individual commitments to sustainability.

The emergence of blockchain and Web3 has provided the core architecture for a structural remodeling in public transparency, and as such, a technology that has the potential to be harnessed in service of the visions established by the United Nations Sustainable Development Goals and the Paris Climate Accord.

Cointelegraph spoke to a number of environmental experts to gauge their opinions and ideas on how Web3 companies can make positive impacts in the global climate endeavor by utilizing the power of blockchain technology.

Sander DiAngelis, the head of growth and partnerships at Toucan Protocol, advocated for an amalgamation of physical and digital initiatives, noting that “tokenized carbon credits” are enabling the creation of “virtual carbon sinks that generate real-world planet-positive impact.”

Coinbase’s philanthropic climate program, which allocates 1% of its corporate revenue towards projects seeking to enhance the democratization of cryptocurrency, recently awarded a $500,000 ecosystem grant to Toucan Protocol to build their carbon markets infrastructure.

Projects such as Pachama and Dovu are utilizing artificial intelligence and hash graph technologies, respectively, to calculate, quantify and report carbon footprint data for the purpose of enhancing accountability and transparency within the corporate and Web3 industries.

In partnership with action groups such as REDD+, Pachama have established a number of restorative ecosystem projects such as the Colombian coastal deforestation-prevention scheme titled Bajo Calima y Bahía Málaga. Nearing the end of its ten-year term, over 1.2 million metric tonnes of carbon have been sequestered from the environment via credit issuance.

Within the crypto space, organizations such as the Climate Chain Coalition and Crypto Climate Accord — both of whom earned the spot of 34th in Cointelegraph’s Top 100 of 2022 list — have made considerable advances in encouraging collaboration, and enacting environmental pledges with the crypto space.

Mitch Liu, the CEO of blockchain video streaming platform Theta Network, shared his belief that the cultural significance placed on the climate change crisis could instigate the creation of cutting-edge decentralized solutions.

He cited ClimateDAO’s work in “pooling its members’ resources to buy shares in big, polluting companies to make their activities more sustainable from the inside” as a prime example of this innovation. He continued on to say:

“As NFTs have entered the mainstream conversation over the past year, the environmental backlash has become fierce. There has been a pernicious assumption that all NFTs are bad for the environment.”

Liu says that this blanket assessment “completely ignores Proof of Stake blockchains like Theta, which use 0.05% of the energy compared to chains like Bitcoin and Ethereum.”

Christian Hasker, Chief marketing officer of Hedera Hashgraph spoke about “striving for a clean Web3” within the distributed ledger technology (DLT) space, emphasizing the industry’s collective obligation to ensure that “We not only have the knowledge and solutions to ensure that the next generation of the internet is sustainable – but crucially, we have a responsibility to do so.”

Prior to pledging Hedera’s continued focus on building green applications with the support of their twenty-six council members, he cited the negative perception of Proof-of-Work consensus mechanisms, even those adopting environmentally-friendly principles, stating:

“It is my firm belief that carbon neutrality at Layer 1 is the only way to deliver on the promise of a sustainable future built on DLT. The greatest way to preserve energy is to not use it in the first place — a sentiment that is shared by mammoth industries and large organizations which are introducing zero carbon goals.”

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MetaRace Horse Racing, the First “Play to Earn” DApp on the Caduceus Blockchain – Press release Bitcoin News

MetaRace Horse Racing, the First “Play to Earn” DApp on the Caduceus Blockchain – Press release Bitcoin News
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PRESS RELEASE. On April 18th, MetaRace Horse Racing was officially launched on the decentralized edge rendering Metaverse protocol – Caduceus. It is the first “Play to Earn ” game launched on Caduceus, co-built by MetaverseGraph Labs.

The high gas cost of Ethereum and the slow transaction speed cannot support the large-scale interactive concurrency of MetaRace. Therefore, MetaRace found a solution in Caduceus. In addition to the expansion plan, the low gas cost will also increase user participation and reduce the threshold of user participation.

In MetaRace Horse Racing, users will interact with hundreds of thousands of competitive horse racing enthusiasts in real-time! Users can experience all the fun of competition and enjoy rewards, from breeding to participating in horse racing and everything in between. So come join the fun and earn rewards through multiple modes of gameplay.

It’s simple, buy a mechanical racehorse to participate in competitive competitions and reap the rewards of a Grand Prix, tournaments, single races and gain ranking rewards throughout your gameplay. Players can also obtain the right to operate a racecourse by staking $Meta tokens by sharing the operating profit of the racecourse in proportion to their investment. Along with also being able to breed new generations of the mechanical racehorses to make income through NFT trading. Last but not least, you will be able to analyse other players’ horse racing data to place a wager and win tokens.

MetaRace is an application that integrates various elements such as breeding, racing, collecting, auctions, wagering, creation, social interaction all this bubbling concoction creates unpredictability and challenges within the game.

In the future, MetaRace will utilize all the tools at Caduceus’ disposal. Why?

Caduceus provides the metaverse with fund security, user privacy security, NFT asset security, DAO, etc., using a high-speed and scalable blockchain network. The project offers decentralized cloud computing for the metaverse. Caduceus utilizes an advanced XR glass open-source hardware solution to lower the hardware threshold and increase device penetration for the metaverse. The project connects blockchain networks with UE and U3D engines using SDK and art standards. Caduceus enhances user experience and lowers user threshold using a 3D OS UI system. Woah… all of this will optimize the entire game’s visual quality and develop XR applications through the editing tools provided by Caduceus.

MetaRace is hugely appreciative of the important leaders in various fields who have expanded awareness of this partnership, the legendary football superstar, John Terry, one of England & Chelsea’s most successful captains. In addition to this, we present professional snooker legend and former world champion, Stephen “Snooker Emperor” Hendry.

At present, MetaRace has reached preliminary cooperation with leading game guilds. MetaRace will also announce the plan for tokens and NFTs soon. The team is committed to integrating a token that is sustainable for the MetaRace ecosystem and delivers on the long-term utility for our community. Details to come on the progress, distribution, and utility.

Head over to the MetaRace to gain your whitelist and secure your very own digital racehorse in our fast-growing social channels below.

Website:

Twitter:

Discord:

Telegram:

Medium:

Facebook:

 

 

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.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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South African University to Issue Blockchain-Based Certificates to Graduating Students – Blockchain Bitcoin News

South African University to Issue Blockchain-Based Certificates to Graduating Students – Blockchain Bitcoin News
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A South African university has said starting this year it will issue blockchain-based certificates to students graduating from the learning institution. University administrators argued that a blockchain-based certification system will help prevent fraud and end the production of fake documents.

QR Code for Each Certificate

A South African learning institution, the University of Johannesburg (UJ), has said it will issue blockchain-based certificates to its graduates starting this year, a report has said. According to the report, each qualification document issued by the university will have a QR code which will be used to verify its authenticity.

As explained in the Mybroadband report, the university is adopting the blockchain-based certification system as part of an attempt to prevent fraud and the counterfeiting of UJ-issued certificates.

Tinus van Zyl, the university’s senior director of central academic administration, is quoted in the report explaining why the blockchain-based system is an improvement from the digital certificate system which UJ introduced some time ago. According to Van Zyl, the university’s graduates had been using the digital certificate system to digitally access or share their certificates with prospective employers.

Third-Party Verification of Certificates

Using the blockchain-based system, on the other hand, means prospective employers and third parties can now also verify a graduate’s certificate.

“The public is now able to validate the awarded qualifications for UJ graduates without having to contact the University or having to go through a verification agency, just by scanning the QR code on the certificate and best of all, at no cost,” Van Zyl stated.

Meanwhile, another UJ employee, Kinta Burger, is quoted in the report suggesting that the implementation of the blockchain-based certificate system will safeguard the university’s reputation and that of the certificates it issues.

What are your thoughts on this story? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.














Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.

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What Are Play-to-Earn Games? How Players Are Making A Living With NFTs

What Are Play-to-Earn Games? How Players Are Making A Living With NFTs
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When anonymous developer Satoshi Nakamoto launched Bitcoin in January of 2009, nobody knew how impactful cryptocurrency would become. While rumors regarding its potential floated about, cryptocurrency changing the world was just a far-off pipe dream. Today, it’s all coming true, and what started as an experimental payment system for the techiest of the techies is disrupting industries worldwide; gaming included.

In hindsight, it’s no surprise that digital currency and digital worlds go together – cryptocurrency fits gaming like a glove. With the help of related blockchain technologies like NFTs, cryptocurrencies make peer-to-peer virtual worlds possible, empowering gamers through true ownership of the games that they play.

How Players Are Making A Living With NFTs

NFTs, or Non-Fungible Tokens, are blockchain records that prove ownership of unique digital items like pictures. When applied to gaming, NFTs can represent in-game equipment, characters, structures, and more. In games that incorporate cryptocurrencies and NFTs, players can generate an income either by earning cryptocurrency directly or by earning NFTs and trading them for cryptocurrency. As such, these games are commonly referred to as “Play-to-Earn”.

Play-to-Earn games come in one of two forms. Some, like the ever famous Axie Infinity, are stand-alone, meaning that they are bound to their own self-contained game world. Others, like the hotly anticipated Runiverse, span across several wide-scale cryptocurrency gaming platforms called metaverses.

The word “metaverse” comes from “meta” for “beyond” and “verse” for “universe”. Effectively, metaverses are interactive virtual worlds where players can socially experience independently-created games and events. Currently, the best-known metaverses are Decentraland and The Sandbox, both of which are quickly being populated by major companies like Atari and Adidas.

Soon to be present in both The Sandbox and Decentraland, along with their own metaverse, Runiverse is set to be the first cross-metaverse play-to-earn game where players can challenge others based on the performance of the crypto market.

In Runiverse, players pick a token from their cryptocurrency wallet and place a wager before facing off in thirty-second one-vs-one races where the speed of their runner depends on the live price action of their chosen token. Players whose token rises by the highest percentage during that time frame will see their runner sprint ahead of the competition to win them the race and their opponent’s wagered crypto.

Runiverse is part of Elite Mobile ($ELITE), a cryptocurrency system created for the world of mobile industry, designed to support influencers, NFTs, metaverses, and play-to-earn gaming in one place. Runiverse is Elite Mobile’s first foray into cryptocurrency gaming, and aims to create a gamified ecosystem that will benefit gamers both within the Elite Mobile community and the countless metaverses abroad.

The benefits that Runiverse delivers players goes even beyond earning cryptocurrency through races. Players can also buy and sell NFT tracks that automatically host competitions and send a 6% share of all winnings directly to their owners, earning them real passive income. For gamers looking to get started, the Runiverse Demo can be played directly from Runiverse’s official website. All players need to do to get started is connect their Metamask wallet and either invite a friend or challenge a random player.

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Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps

Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps
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Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made “more quickly.”

Powell also indicated that a rate hike of 0.5 percentage point was “on the table” for next month.

James Bullard, President of the St. Louis Federal Reserve Bank, said Tuesday that he expects interest rates to reach as high as 3.5 percent by the end of the year.

Bitcoin fell to $40,586 on Friday, down from a daily high of $42,965 at noon, while the whole cryptocurrency market retreated to $1.88 trillion.

Tuesday morning, Bitcoin’s price fell below the $40,000 mark before regaining a few hours later. Bitcoin hovered just above $42,000 on Thursday.

Make Or Break For Bitcoin

The $40,000 barrier has emerged as a make-or-break point for Bitcoin, market observers say, as its performance from there could set the tone for whether the market reaches another bullish or bearish phase.

With inflation surging, stocks collapsing, and investors clueless on how rapidly the central bank will hike interest rates, many would argue that now is the optimal time to invest in Bitcoin.

Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum

Nonetheless, the world’s most valuable digital asset has shed almost 20% of its value thus far this year, dipping as low as $33,000 on January 25 before recovering. Bitcoin reached an all-time high of roughly $69,000 on November 8, last year, just over three months ago.

BTC total market cap at $775.76 billion on the daily chart | Source: TradingView.com

Bitcoin’s trading history has been turbulent and volatile from its inception. Cryptocurrency as an asset class continues to evolve in lockstep with the forces that impact its prices.

Cryptocurrencies have continued to track the tech industry’s recent decline, as the Nasdaq fell 2% Friday, the most since middle of March.

Rate Hike To Contain Inflation

Interest rates are being raised in order to counteract rising inflation, which reached 8.5 percent last month. High-growth investments, on the other hand, such as technology, are appraised using a discounted cash flow concept.

Investors have been grappling with rising inflation, geopolitical issues, and concerns about the central bank tightening monetary policy.

The Fed’s March meeting minutes released last week revealed its intention to cut its balance sheet by $95 billion each month to contain inflation.

Meanwhile, In another development, Elon Musk’s electric vehicle company Tesla is hoding Bitcoin.

On the company’s balance sheet, digital assets total $1.261 billion. Since the first three months of last year, the Austin, Texas-based EV giant has neither purchased nor sold any crypto assets.

Suggested Reading | Crypto Quick Look: BTC Touches $42,000, ETH Notches 10-Day Peak

Featured image from Investors King, chart from TradingView.com

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Binance Limits Services to Russian Users to Comply With EU Sanctions – Exchanges Bitcoin News

Binance Limits Services to Russian Users to Comply With EU Sanctions – Exchanges Bitcoin News
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Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow.

Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties

Binance, the world’s leading cryptocurrency exchange, is restricting services for Russian nationals or natural persons residing in Russia and legal entities established in the Russian Federation that have crypto assets exceeding €10,000 ($10,800) in value.

The move is in compliance with the European Union’s fifth package of sanctions on Russia, the company said in an announcement on Thursday. Earlier in April, the EU member states agreed to ban the provision of “high-value” crypto asset services to Russian businesses and citizens in response to Moscow’s ongoing military invasion of Ukraine.

Binance now requires customers to complete their address verification. Accounts that classify under this restriction will be put into withdrawal-only mode, the exchange explained, and their holders will not be allowed to make deposits or trade. The same applies to spot, futures, custody wallets, and staked and earned deposits.

Furthermore, all deposits to accounts for Russian nationals and residents or Russia-based legal entities with over €10,000 will be restricted. Users with open futures/derivatives positions who have balances exceeding that amount will have 90 days to close them out and won’t be able to open new positions.

At the same time, accounts of Russian nationals residing outside the Russian Federation and those of Russian citizens, residents, and companies in Russia that remain below the €10,000-threshold will not be affected and will remain active, Binance emphasized.

“While these measures are potentially restrictive to normal Russian citizens, Binance must continue to lead the industry in implementing these sanctions. We believe all other major exchanges must follow the same rules soon,” the company stated.

Reactions to the conflict in Ukraine have varied among crypto exchanges. While major South Korean platforms restricted Russians’ access days after their country invaded, leading global platforms, including Binance, denied a request by the government in Kyiv to unilaterally freeze the accounts of all Russian users.

In early March, Binance CEO Changpeng Zhao told Bloomberg the exchange was freezing the accounts of sanctioned Russian individuals but insisted that blocking all Russians from accessing the platform would be “unethical.” The executive also dismissed concerns that cryptocurrencies could help Moscow circumvent western sanctions.

Tags in this story
accounts, Binance, Citizens, conflict, Crypto, crypto exchange, Cryptocurrencies, Cryptocurrency, EU, Europe, European Union, Exchange, nationals, residents, restrictions, russian, russians, Sanctions, Ukraine, War

Do expect other cryptocurrency exchanges to comply with the European Union’s sanctions on Russia? Let us know in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.

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The Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap
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It was a slow news day for all things NFT, but many of the concurrent stories that have dominated headlines throughout the week thus far have continued on their journeys, as we spectate the progression of MoonBirds, as well as the NBA’s struggling ‘The Association’ project, and more.

Thank goodness it’s Thursday, headed into Friday, with another Nightly Mint.

The Nightly Mint

Latest Mint: MoonBird Criticism

MoonBirds were criticized from the jump about their high mint price, and that isn’t slowing down one bit. There’s increased criticism over the last day regarding MoonBirds being gifted to celebrities and influencers. Nonetheless, price action around the project still remains strong, as the floor is now surged strongly above 30ETH, and volume within the project is still far above any other NFT collection currently. The floor over the past 24 hours (at time of publishing) has risen by over 35%, according to Nansen’s NFT data.

Related Reading | Why A “Boring” Bitcoin Could Be A Good Thing

The UFC's partnership with Dapper Labs runs on the Flow blockchain; UFC fighter Nate Diaz had some choice words surrounding the league's latest NFT release. | Source: FLOW-USD on TradingView.com

Sports & NFT Update: UFC’s Nate Diaz & NBAxNFT’s Latest

UFC fighter Nate Diaz has been making the rounds over the past day after tweets from Wednesday gained traction regarding the fighter’s disdain for the UFC’s latest NFT release via Dapper Labs. Diaz accuses the league of taking advantage of a situation for personal gain in releasing NFTs on 4/20 (widely considered a ‘cannabis holiday’) after suspending his brother from the league for several years for cannabis use.

Meanwhile, the NBA continues to take a toll with it’s NBAxNFT project, dubbed ‘The Association.’ After major flaws were exposed in the project’s contract, the team released an update early on Thursday that resulted in an expansion of minting from the initial 18,000 to 30,000. If you’re familiar with NFTs, you can guess how the community reacted to that news.

The ‘Minty Fresh’ Take

Can Yuga Labs Otherside overpower the momentum of MoonBirds?

Related Reading | The Top 5 Most Valuable NFT Collections And A Tool To Track Them Down

Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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Ethereum Dives Below $3K, Can The Bulls Save Day?

Ethereum Dives Below $3K, Can The Bulls Save Day?
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Ethereum started a sharp decline from $3,180 against the US Dollar. ETH bulls must protect the $2,950 support to avoid a trend change in the near term.

  • Ethereum failed to gain strength above $3,150 and started a fresh decline.
  • The price is now trading above $3,030 and the 100 hourly simple moving average.
  • There was a break below a key bullish trend line with support near $3,100 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must stay above the $2,950 support to avoid more downsides in the near term.

Ethereum Price Dips

Ethereum attempted a clear move above the $3,150 resistance zone. However, ETH failed to gain strength above the $3,150 level and formed a short-term top near $3,180.

A high was formed at $3,179 and the price started a sharp decline. There was a clear move below the $3,100 support zone and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $3,100 on the hourly chart of ETH/USD.

Ether price declined below the 50% Fib retracement level of the upward wave from the $2,880 swing low to $3,179 high. The price even tested the $2,950 support zone.

It seems like the bulls are defending the 76.4% Fib retracement level of the upward wave from the $2,880 swing low to $3,179 high. On the upside, an initial resistance is seen near the $3,020 level. The next major resistance is near the $3,030 level.

Source: ETHUSD on TradingView.com

The main resistance now sits near $3,060 and the 100 hourly simple moving average. A close above the $3,060 level might start a fresh rise in the near term. In the stated case, ether might climb towards the $3,150 level.

More Downsides in ETH?

If ethereum fails to gain pace above the $3,030 level, it could continue to move down. An initial support on the downside is near the $2,970 zone.

The first major support is near the $2,950 level. If there is a downside break below the $2,950 support, the price could accelerate lower. The next key support is near the $2,880 zone.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now losing pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 level.

Major Support Level – $2,950

Major Resistance Level – $3,060

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Blockbank Joins Coach K’s Conference in Donating to Charities Focusing on Social Impact – Press release Bitcoin News

Blockbank Joins Coach K’s Conference in Donating to Charities Focusing on Social Impact – Press release Bitcoin News
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PRESS RELEASE. Blockbank announced plans to join Coach K’s Conference Experience in donating to charities focusing on social impact. The conference will be held at Le Meridien Beach Resort, Phuket, Thailand, from May 9th to May 13th, 2022.

Blockbank, an all-in-one mobile banking solution with crypto integration, will partner with Coach K, a thought leader in cryptocurrency investment. Blockbank has helped its users generate managed assets worth more than $100 million while promising a 30% APY in the future. In addition, Coach K insightful advice and coaching produced 100 millionaires in the crypto space in 2021.

Blockbank is on a mission to streamline access to financial technology necessary to invest in cryptocurrency. It combines the best of centralized and decentralized finance with traditional banking to deliver a holistic overview of the crypto industry.

Participation in the Coach K Conference is part of the platform’s concerted efforts to build partnerships in the industry. The mobile solution is in partnership with several innovative organizations, including SKAEL, Xend Finance, Umbrella Network, Shield Finance, Chainlink, etc.

Coach K Conference Experience

The Coach K Conference Experience brings together the brightest minds in the cryptocurrency and blockchain ecosystem. The rarified events provide a great networking opportunity for all cryptocurrency enthusiasts, both beginners and seasoned veterans.

The course attendants are drawn from venture capital funds, market makers, influencers, marketers, project leaders, and teams. Attendees can network and build authentic connections with other players in the crypto space for later collaborations.

The conference creates a fun and enabling environment to shore up and polish your knowledge of the crypto space and blockchain technology. The learning sessions are interspersed with tons of fun activities. Some of the fun activities include the world’s largest scavenger hunts, ziplining, team building, yachts, go-karting, helicopters, paintball, and more.

Profound insights into Decentralized Finance

While the soaring Bitcoin prices are always in the news, there’s a lot more happening in the crypto world. The rise of Decentralized Finance (Defi) is all the rage now and is poised to revolutionize the financial sector as we know it.

The upcoming conference brings together the finest minds in the crypto industry under one roof. It presents a rarefied chance to interact with doers and thinkers in the crypto industry. The lineup includes entrepreneurs, asset product managers, tech and infrastructure providers, consultants, and big-name analysts.

Conference attendees will have a chance to build deep insights into decentralized finance and how it’ll bring a creative disruption to make banking more efficient, convenient, and personalized. In addition, they’ll create a considerable understanding of the crypto technology championing these changes and make informed investment decisions.

Future of Financial Services

Decentralized finance is poised to lower the cost of financial transactions, making banking affordable to the unbanked population, currently estimated to be 1.7 billion people. It’ll also avail banking services to millions of underserved businesses. By democratizing asset ownership, DeFi is poised to help diversify asset classes and expand the pool of potential investors by lowering the cost of issuance and exchange.

Decentralized finance will galvanize the finance industry through first and second-order consequences. First-order consequences will entail lowering the transaction fees. The second-order effects revolve around providing more access to finance and increasing the number of frictionless peer-to-peer exchanges.

While traditional banks won’t become obsolete, they’ll be a significant shift in their roles. Instead, they’re likely to morph into gateways between traditional centralized finance and disruptive decentralized finance. The technological revolution will likely create new trading, custody, and staking revenues.

Massive Potential Investment Opportunities

While global wealth is worth about $400 trillion, almost half of it is held in unbankable assets – real estate, art, gemstones, classic cars, music rights, etc. Blockchain technology presents an opportunity to transform these assets into efficient bankable assets.

The technology has the potential to create a massive ($200 trillion) opportunity with a price, liquidity, transparency, and access democratization. Conference participants looking to tap these opportunities can benefit from insights from thought leaders and experts in the crypto and blockchain space. Their seasoned insights may help you develop products to tap into this new asset class.

Profound Social Impacts

Blockbank and Coach K Conference Experience pledge to donate 50% of the sponsorship funds to various social impact initiatives. Also, Blockbank and Coach K will donate half the money raised from the event sponsors to local charities, orphanages, and other communities in need within Thailand.

Orphanages in Thailand have come under increased pressure following the ravaging effects of the Covid-19 pandemic. Reports indicate that more than 5,000 children lost a parent to the deadly virus. The country’s state care homes can only accommodate 1,935 children, while the rest were sent to orphanages. Donating some of the proceeds to these orphanages can help ease the financial burden and improve the quality of life for orphaned children.

Charitable organizations play a crucial role in improving the living conditions of the Thai people and protecting the environment. Donating a portion of the sponsorship proceeds can bolster their efforts.

Some of the conference proceeds will go to charities fighting child trafficking, educating at-risk girls to end the poverty cycle, and fighting global warming. Some of the targeted charities gear toward educating youth in rural areas and helping them to gain core skills and improve career chances.

A portion of the conference sponsorship proceeds will go to communities providing sanctuaries to endangered animals. The additional funds will bolster their efforts to fight the illegal wildlife trade and protect endangered species.

Animal shelters in Thailand are often underfunded, understaffed, and lack the supplies necessary to care for and rehabilitate the animals under their care. They often depend on donors and well-wishers for funding, and the crypto community can step up and lend a helping hand.

About Blockbank

Blockbank is an AI-enabled mobile solution with crypto integration. It combines DeFi and CeFI to provide users with heightened privacy and security while allowing seamless interaction with the crypto industry. The platform aims to consolidate all crypto-related features into an all-in-one solution while enhancing the user experience.

About Coach K

Coach K is a Fund Manager at Alpha Stone Capital and the Co-founder of the Coach K Conference Experience. He’s an acclaimed advisor, mentor, and member of the Crypto Shark Tank.

For more info and to stay connected:

Join Blockbank Telegram community and follow Blockbank on Twitter.

 

 


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