Category: Crypto Mining

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment Cryptocurrency news Investment News NFT Investment

The Bank of Russia allows Sberbank to issue digital financial assets

Sberbank, the largest bank in Russia, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the Ukraine war, including limiting Moscow’s access to the world financial market.

Sberbank added to the Register of Issuers of Crypto Assets of the Central Bank

The Central Bank of Russia (CBR) added Sberbank, the country’s leading banking institution, to its register of information system operators authorized to issue digital financial assets (DFA). The term is used to describe various types of cryptocurrencies in the current legislation of the country. On Thursday, the commercial bank confirmed the news and elaborated:

The accounting and circulation of the DFA issued on the Sber digital assets platform will be carried out in an information system created from a distributed ledger using blockchain technology, which guarantees data security and the impossibility of replacing information.

The largest state-owned banking and financial services company detailed that other legal entities will be able to issue their own digital assets certifying monetary claims to attract investments. Companies will also acquire DFAs issued on the Sberbank platform and conduct other transactions with them in accordance with applicable regulations.

The “On Digital Financial Assets” law, which came into force in January 2021, regulated various activities related to cryptocurrencies, including the issuance of digital currencies and the raising of funds through tokens. However, it did not introduce rules for other major cryptocurrency operations such as mining, trading, and circulation in the Russian economy.

A working group in the State Duma, the lower house of parliament, has been preparing proposals to address the regulatory loopholes. In February, the Ministry of Finance introduced a new draft law “On Digital Currency” that aims to legalize investments in cryptocurrencies, but at the same time consolidate the ban on the use of cryptocurrencies for payments in Russia.

Amid mounting sanctions over the invasion of Ukraine, including in the financial realm, concerns have been raised in the West that the Russian government and sanctioned individuals may turn to crypto assets as a tool to circumvent restrictions.

Recent statements by a member of the regulatory working group in Moscow confirmed Russia’s interest in employing digital currencies to restore its access to global finance. Russian authorities are now proceeding with efforts to legalize the country’s crypto space.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Crypto Mining Cryptocurrency Investment Cryptocurrency news Investment News NFT Investment

Paxful Partners With Miami Mayor To Distribute 500 Tickets For Bitcoin 2022 Conference

The sweepstakes is part of a larger strategy to promote financial literacy and Bitcoin education in the City of Miami.

Digital payment platform Paxful has partnered with nonprofit Built With Bitcoin Foundation and Miami Mayor Francis Suarez to drive a new educational initiative focused on Bitcoin (BTC) and financial education.

The initiative will distribute free Bitcoin 2022 conference tickets to local colleges and universities as part of a broader effort to improve financial literacy among minority and underserved communities in Miami. Up to 500 students and local residents will receive a ticket to attend the conference, which is scheduled for April 6-9 at the Miami Beach Convention Center.

General tickets for the event are currently selling for $899.

All I know is that @nayibbukele, @jackmallers, @allenf32 and I are trying to outdo each other to make big surprises at @TheBitcoinConf.
— Samson Mow (@Excellion) March 16, 2022

Recipients will have access to the full conference agenda, which was released on March 15th. Featured speakers at this year’s event include Salvadoran President Nayib Bukele, MicroStrategy CEO Michael Saylor, US Senator Cynthia Lummis, entrepreneur Peter Thiel and Ark Invest’s Cathie Wood. Dozens of other Bitcoin influencers, entrepreneurs and investors will also headline the three-day event.

Ticket distribution is led by Venture Miami, a portfolio team brought together by Mayor Suarez to promote innovation, job creation and diversity in high-growth sectors such as information technology.

Related: MiamiCoin disbursement to fund rental assistance program, says Mayor Suarez

After learning about Bitcoin from crypto influencers like Tyler Winklevoss and Anthony Pompliano, Mayor Suarez made BTC adoption a priority in his second term. Suarez, who already receives a portion of his salary in BTC, announced in December that he also plans to receive a portion of his 401(k) payout in the top cryptocurrency.

I will receive my next salary 100% in bitcoin... problem solved! @ Sarasti can you help? https://t.co/v4YdPZ0tYc
– Mayor Francis Suarez (@FrancisSuarez) November 2, 2021

Suarez has also established a program where Miami residents can earn a Bitcoin dividend. The program is being facilitated by the MiamiCoin cryptocurrency, which helps fund municipal projects generating returns. As of January 2022, MiamiCoin had generated over $21 million in excess returns for the city.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment Cryptocurrency news HYIPs Investment News NFT Investment

British Investment Bank HSBC joins Metaverse through Sandbox and Animoca Brands Partnership

British multinational investment banking and financial services holding company HSBC has revealed that it has partnered with blockchain virtual gaming platform The Sandbox. According to the platform’s parent company, Animoca Brands, HSBC is the first global financial services provider to enter the Sandbox metaverse.

HSBC takes a step into the metaverse

Over the past 12 months, Sandbox has attracted a number of companies and celebrities to the blockchain virtual gaming platform. For example, The Sandbox attracted Snoop Dogg, Deadmau5, Atari, The Care Bears, The Smurfs, Gucci, Warner Music Group, Adidas, PWC Hong Kong, Samsung, Square Enix, Ubisoft, and more.

On Wednesday, Animoca Brands and British bank HSBC announced that the companies have signed a partnership agreement and that the global financial services provider will engage with other financial providers and sports communities within the Sandbox metaverse.

“The innovative partnership between The Sandbox and HSBC will see the global financial services provider acquire a share of LAND, virtual real estate in The Sandbox metaverse, which will be developed to engage and connect with sports, esports and gaming enthusiasts.” , says the statement. Ads. in Wednesday’s notes.

The press release highlights a PWC report that estimates the metaverse market will grow from $45.4 billion to $1.5 trillion by 2030. Financial institution HSBC sees significant potential in the metaverse and Web3 in the future.

“The metaverse is how people will experience Web3, the next generation of the Internet, using immersive technologies such as augmented reality, virtual reality and extended reality,” said Suresh Balaji, chief marketing officer for HSBC Asia-Pacific, in a statement. The HSBC executive added:

At HSBC, we see great potential to create new experiences through emerging platforms, opening up a world of opportunity for our current and future customers and the communities we serve.

Native Token SAND hits 336% against the US Dollar in 12 months

The Sandbox blockchain metaverse has seen tremendous growth over the past year, and according to nonfungible.com’s NFT market tracker, Sandbox is the third largest project in the last seven days in terms of sales, with a weekly volume of 7,000. 6 million dollars. Additionally, the project’s native SAND token has gained 336.2% year-to-date, according to current market statistics.

At the time of writing, SAND’s $3.3 billion market capitalization represents 0.18% of the $1.86 trillion valuation of the crypto economy. Following Animoca Brands and HSBC’s partnership announcement, the SAND gained more than 9% against the dollar on Wednesday.

Categories
Bitcoin Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment Cryptocurrency news Investment News NFT Investment

Multiply with DeFi: Invest in Tether (USDT), Ripple (XRP) and FIREPIN (FRPN)

Decentralized Finance (DeFi) has changed the fundamental design of money to one where all players are treated equally. It allows all transactions to be completely decentralized, meaning that all transactions within the metaverse are not allowed as there is no central organization to oversee payments. By doing this, everyone has the same opportunity to literally multiply their DeFi money.

So what are you waiting for? Here are the top three coins to get you started on your Crypto success journey: Tether (USDT), Ripple (XRP) and FIREPIN (FRPN).

Firstly, we highly recommend investing in Tether (USDT). Because? The USDT value is guaranteed by Tether to remain pegged to the US Dollar. Tether claims to allocate the same amount of USD to its reserves each time it distributes new USDT tokens, ensuring that USDT is fully backed by cash and cash equivalents. Therefore,

making it stand out as a stablecoin.

According to CoinMarketCap, USDT currently ranks third on the ranking list, illustrating a market capitalization of $80,097,806,336. Overall, it provides an easy way for people to globally transfer the equivalent in US dollars via blockchain, without having to rely on a slow and expensive intermediary, for example. a bank.

Another key currency to consider is Ripple (XRP) – a single XRP transaction takes just five seconds to complete and costs just 0.0001 XRP (or $0.00007525), with minimal power usage. As a result, Ripple (XRP) is known to be one of the greenest coins within the Crypto space.

Thus, it illustrates a stark contrast to conventional Bitcoin (BTC). A single BTC transaction can cost up to $40, take up to an hour, and consume up to 250 kWh, which is roughly the same amount of energy a refrigerator uses in a year.

In short, crypto enthusiasts can trust the reliability of XRP as its price prediction is estimated at $4 to $8 by 2025. Thus, it demonstrates great potential.

Get up with FIREPIN (FRPN)…

On a final note, experts advised keeping an eye on the emerging FIREPIN (FRPN). This is a cryptocurrency that will connect Binance Smart Chain (BNB), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) and Solana (SOL), allowing holders to use the most efficient blockchain at the optimal time. (depending on congestion). ) to trade smoothly and profitably.

Additionally, holders will be able to earn extra Crypto through their Staking and Farming platform. Therefore, holders of this new currency will benefit by investing in FRPN tokens, as a portion of each transaction will go to the treasury.

Cryptocurrency analysts have stated that FIREPIN (FRPN) will soon become one of the top cryptocurrencies on the market once it officially launches this spring. However, it is worth noting that now is the best time to make an investment as it has already seen increases in value despite being for sale.

Also, the FRPN Value Price Forecast is said to increase from $0.00006 to $0.0008. Therefore, if you were to invest now, it is very likely that you would considerably multiply your initial investment.

To conclude, investing in cryptocurrencies is extremely volatile but has great long-term potential. To invest successfully, you should always do thorough research and carefully assess which projects are truly trustworthy.

In short, FIREPIN (FRPN) is definitely a currency you can trust as it is based on full transparency and openly welcomes anyone interested in the Crypto community.

Remember, to make significant profits in the Crypto space, you don’t need to invest thousands of dollars. Simply ride project waves and invest strategically when currency is cheap. So don’t miss out: buy FRPN tokens as soon as possible to increase your chances of becoming a cryptocurrency millionaire.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment Cryptocurrency news Investment News NFT Investment

Defi Blind Platform makes a lot of money

Cega Finance, a decentralized finance platform, has raised more than $4 million in seed capital from companies like Dragonfly Capital Partners, Coinbase Ventures, Alameda Research, and Solana Ventures.

Cega Finance completes a $4 million funding round

Cega seeks to bring exotic derivative features to cryptocurrency. To date, the Cega team consists of several forex experts, experienced developers, founders of Y Combinator, and a former options trader. The company’s main product is an application created on the Solana network that combines basic and advanced options so that investors can access exclusive package offers.

The first exotic option offered by the company is the so-called Fixed Coupon Note, which offers retail investors higher yields and compounded returns. It also provides discount coverage to market makers. Arisa Toyosaki, a former derivatives trader and CEO and co-founder of Cega, said in an interview:

Defi derivatives have seen explosive growth over the past year, and we find that the market is still in its infancy. Defi has experienced >300 percent CAGR in the last two years and currently has four million users. We believe that a product offering that generates high returns and better security for users during the volatile period of crypto expansion will be essential for the growth of the entire ecosystem.

The company plans to use the money received to further develop its technology and establish a strong community focused on statistical modeling, user education and product offerings. Tom Schmidt, general partner at Dragonfly Capital Partners, said in a statement:

Blind is changing space defi. Defi goes through a process where a team creates a groundbreaking financial innovation, which in turn spurs the creation of an entirely new product category and grows the overall market. We have seen this with Uniswap for AMM and Composite for FX markets, and I think the Cega team will do this for exotic derivatives and structured products, a much needed breakthrough in the defi industry. We are super excited to support them and move this entire market forward.

Joey Krug, Pantera’s joint venture officer, also added his two cents to the mix, explaining:

Cega is opening up a new layer of untapped potential in decentralized derivatives, where we see a multi-billion dollar opportunity to disrupt traditional finance. Exotic options have proven to be valuable tools for transforming and managing risk. Now, defi gives us the opportunity to redesign these tools with greater transparency and efficiency.

The next step in finance?

Brian Lee, partner at Alameda Research, mentioned:

Alameda is pleased to support Cega because we believe exotic derivatives are the next evolution in defi. In traditional finance, we have seen an innovation-driven market expansion in derivatives and we believe the Cega team can push these boundaries for cryptocurrencies.