Aurelia Butler

More stories

  • 100 Shares199 Views

    in Cryptocurrency

    DeMi Platform Announces a Strategic Partnership with BitCluster

    DeMi, an innovative tokenized mining platform, has announced a partnership with BitCluster, a leading mining solutions provider, and this is an important step to expanding the capacity for both companies.DeMi, an innovative tokenized mining platform revolutionizing the industry, has announced a strategic partnership with BitCluster, a leading mining solutions provider. This collaboration means DeMi can scale up multiple times while optimizing energy costs. This will also allow platform users to mine cryptocurrency more effectively since the price of electricity is only $0.049 per kWh.Equipment power is transformed into DEMI tokens, the process involves the conversion of computational power from mining equipment into DEMI tokens, serving as a tangible representation and confirmation of purchasing a designated hashrate. To begin mining on the platform, users simply need to purchase and stake these tokens. This innovative approach allows users to actively participate in the mining process with ease. This system not only democratizes access to mining by simplifying the entry process but also ensures that participants can directly contribute to and benefit from the network’s security and consensus mechanisms.At the end of December 2023, BitCluster announced the launch of a 120 MW data center in Ethiopia with a total area of 30 thousand square meters. This amount of power allows them to place over 30 thousand mining machines such as Antminer S21 200Th.For more information about DeMi and their partnership with BitCluster, users can visit here. About DeMiDeMi is a tokenized mining platform that enables users to get BTC rewards using DEMI token. By offering a unique mining experience, DeMi allows users to effectively engage in cryptocurrency mining.About BitClusterBitCluster is a modern mining solutions provider. BitCluster provides end-to-end solutions for hosting and maintaining high-power computing hardware for users looking to scale their Bitcoin mining capabilities while keeping energy costs at the lowest possible level.ContactDeMi Product OwnerAndrey [email protected] article was originally published on Chainwire More

  • 125 Shares159 Views

    in Cryptocurrency

    FOMO BULL CLUB: Revolutionizing Memecoin Launches with a Decentralized Launchpad

    FOMO BULL CLUB, an exclusive, multichain, decentralized launchpad and liquidity hub for memecoins, targets key challenges in their launch process. By creating a launch framework on networks such as Polygon, Solana, Ethereum, Manta Network, and SUI, it removes the risk of rug pulls and guarantees instant utility for newly launched memecoins. FOMO BULL CLUB has been generating buzz on X, thanks to its highly successful member sale last month, which sold out in just 15 minutes, and its confirmed exchange listings of the $FMBC token on Bitget, Mexc, LBank, and Bitmart.Without gatekeepers, Member NFT holders are empowered to propose, launch, or relaunch memecoins by contributing liquidity to the launch pool of a memecoin. Upon reaching the launch pool’s threshold, the memecoin is minted, assuring instant liquidity, staking, and farming. Highlighting its member-centric approach, FMBC announces the launch of the first memecoin, $FUSD – “THE UNSTABLE COIN,” at MEMECON, Lisbon, on May 28th. About FOMO BULL CLUBFOMO BULL CLUB is a members-only, decentralized launchpad and liquidity club. It initially supports memecoins on the Polygon network and is set to expand its platform to include Ethereum, Solana, Manta Network, and SUI. Member NFT holders propose and vote on either the launch of new or the re-launch of existing memecoins on FMBC, by contributing to their launch liquidity pools. Launches are fully automated, decentralized, and created with liquidity farming, LPT staking, and LPT farming. This approach grants memecoins launched on FMBC instant utility and maximized sustainability. Once the minimum required for a memecoin launch pool has been staked by members (LPs), the pool is automatically created on a leading DEX like Uniswap and then shared with non-club members of our herd and the general public. Memecoins are immediately distributed to LP’s wallets without any lockups or vesting. Smart contracts are audited, and ownership is renounced with zero possibility of a rug pull.Users can join the meme coin revolution at https://fomobull.club Secure your spot in the $FMBC Community Sale: https://fomobull.club/saleTwitter: https://x.com/fomobullclubTelegram: https://t.me/fomobullclub Discord: https://discord.gg/fomobullclub ContactCEOJosef HolmE-MAGINE WORLDWIDE, [email protected] article was originally published on Chainwire More

  • 188 Shares179 Views

    in Cryptocurrency

    Borderless Capital Expands Global Presence by Acquiring Asset Manager CTF Capital in Miami and LatAm

    Borderless Capital integrates AI and quant expertise under its umbrella, scales up for improved value creation in the digital assets spaceBorderless Capital, a pioneering Web3 investment management firm, has announced the acquisition of CTF Capital, a leading Miami and Latam based quantitative trading and asset management company for an undisclosed amount. This acquisition marks a strategic move for Borderless Capital, enriching its investment suite with AI-driven strategies and advanced quant trading methodologies, while also marking its expansion into the burgeoning LatAm market where Borderless Capital already has significant exposure through its portfolio companies and investors.With this acquisition, all the existing Funds managed by CTF capital are merged with Borderless Capital Multi-Strategy Fund V LP, an open-ended hedge fund focusing to create risk-adjusted maximum returns for investors in both liquid digital assets and soon to be liquid digital assets, that was launched earlier last year with $100m under management. In addition, Borderless Capital manages a family of five Venture Funds (focused on key categories such as DePIN, Ecosystem Funds and Cross-Chain interoperability), combining more than half a billion dollars in assets. The existing eleven people team of CTF Capital including two partners are now part of the Borderless Capital team and its affiliate group of companies. Borderless Capital solidifies its position at the forefront of this evolving space, driving value creation, technological advancement and performant capital allocation in the digital asset space.David Garcia, Co-Founder and Managing Partner at Borderless Capital said:Brian Prilick, former CEO of CTF Capital, now Partner at Borderless Capital said:About BorderlessBorderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has invested in 200+ protocols / companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities. For more information, Users can visit their website.About CTF CapitalCTF Capital is a quantitative crypto asset investment manager focused on exploiting investment opportunities through digital assets. We design, develop and implement investment products leveraging blockchain technologies to gain exposure to crypto assets in a decentralized and open infrastructure. With a team of experts and deep knowledge in investing & trading in traditional and crypto markets, technology ventures, business development, software development and cybersecurity. Users can learn more here.ContactPR DirectorKarla VilhelemMarket [email protected] article was originally published on Chainwire More

  • 100 Shares99 Views

    in Economy

    Nigeria’s central bank raises benchmark rate to 24.75%

    The decision by the bank’s Monetary Policy Committee (MPC) was the second since Cardoso took office last September.At an MPC meeting last month the Central Bank of Nigeria delivered its largest rate hike in around 17 years to try to get price pressures under control.Inflation is above 30% in annual terms, its highest in almost three decades, leaving millions of people in Africa’s biggest economy and most populous nation struggling to meet their basic needs. More

  • 125 Shares139 Views

    in Economy

    Brazil consumer prices up in mid-March but annual inflation slows

    Prices in Latin America’s largest economy were up 0.36% in the month to mid-March, IBGE said, down from 0.78% in the previous month but slightly above the 0.32% expected by economists polled by Reuters.That took annual inflation down to 4.14% from 4.49% in the month before, with the IPCA-15 inflation index hitting its lowest level since last July despite also overshooting the median market forecast of 4.10%.Five of the nine groups surveyed posted price increases in the period, IBGE said, with a 0.91% rise in food and beverage costs representing the biggest impact on the index. Prices of household goods, on the other hand, dropped 0.58%.”Overall, the dynamics in both the headline and core IPCA-15 continue to show that underlying inflation is under control, despite the overshoot driven by increased food prices on bad weather conditions,” Pantheon Macroeconomics’ chief economist for Latin America, Andres Abadia, said in a note to clients.”We still expect inflation to continue to fall slowly this year, as fresh food prices start to normalize,” added Abadia, who believes the scenario will allow Brazil’s central bank to maintain its current pace of monetary easing in the near term.The central bank this month cut its benchmark interest rate by 50 basis points for the sixth consecutive meeting to 10.75%, but signaled that discussions on more modest cuts in the future emerged within its rate-setting committee.It reiterated that Brazil’s interest rate and its respective path will be “those necessary to bring inflation back to its target,” which in 2024 stands at 3%, plus or minus 1 percentage point. More

  • 150 Shares169 Views

    in Economy

    Exclusive – US lawmaker seeks answers on FDA inspection of Musk’s Neuralink

    WASHINGTON (Reuters) – A U.S. lawmaker involved in health policy has asked the Food and Drug Administration why it did not inspect Elon Musk’s Neuralink before allowing the brain implant company to test its device in humans.Reuters reported last month that FDA inspectors found problems with record keeping and quality controls for animal experiments at Neuralink last June, less than a month after the startup said it was cleared to test its brain implants in humans.Neuralink, which first tested its device in monkeys and other animals, is now testing the device in humans. The company makes a brain-chip which enables paralyzed patients to control a computer using only their thoughts.In a letter to the FDA on Monday, Democratic U.S. Representative Earl Blumenauer said he was concerned the agency ignored “troubling evidence” of animal testing violations that had been raised dating back to at least 2019.Blumenauer also cited reports by Reuters since late 2022 that described employees’ complaints of “hack jobs” of animal experiments due to a rushed schedule, causing needless suffering and deaths. Employees also worried that data quality would be compromised, the media organization reported at the time. He asked the FDA to explain how it reconciled reports of such lapses with its decision to authorize Neuralink’s human trial.”These alleged failures to follow standard operating procedures potentially endangered animal welfare and compromised data collection for human trials,” wrote Blumenauer, who serves on the House Ways and Means subcommittee on health.In response to queries from Reuters about the letter, the FDA said it would respond to the lawmaker directly. The agency also said it routinely carries out inspections after a human trial is approved. When it inspected Neuralink, the FDA said it did not find violations that would undermine the safety of the trial.Neuralink did not immediately respond to questions. In recent years, a handful of device companies have begun testing such brain implants in humans, including Synchron and Blackrock (NYSE:BLK) Neurotech, who have both demonstrated the ability of patients to control certain actions with their thoughts.Last week, Neuralink presented a livestream on Musk’s social media platform X, showing how the first patient implanted with its brain device was able to play online chess using his mind. Noland Arbaugh, a 29-year-old who was paralyzed below the shoulders after a diving accident, also posted a comment on X by relaying his thoughts. More

  • 150 Shares169 Views

    in Economy

    China opens WTO dispute against US subsidies to protect its EV industry

    China said it was contesting “discriminatory subsidies” under the U.S. Inflation Reduction Act that it said resulted in the exclusion of goods from China and other WTO countries.The wide-ranging law provides billions of dollars in tax credits to help consumers buy electric vehicles and companies produce renewable energy, as President Joe Biden aims to decarbonise the mighty U.S. power sector. “Under the disguise of responding to climate change, reducing carbon emission and protecting environment, (these subsidies) are in fact contingent upon the purchase and use of goods from the United States, or imported from certain particular regions,” the Chinese mission said.It said it was launching the proceedings “to safeguard the legitimate interests of Chinese electric vehicle industry and to maintain a fair level playing field of competition for the global market”.A WTO official confirmed that a request from China for dispute consultations on the matter had been received, without providing details. In Beijing, a spokesperson for China’s Ministry of Commerce said it urged Washington to “promptly correct discriminatory industrial policies, and maintain the stability of the global industrial and supply chains for new energy vehicles”.There was no immediate response from the Office of the U.S. Trade Representative in Washington to a request for comment.WTO rulings on trade disputes are supposed to take six months after an adjudication panel is set up but often take longer.If the WTO finds in favour of China, Washington could always appeal that decision into a legal void in place since December 2019 when the WTO’s top appeals bench ceased to function due to U.S. opposition to judge appointments.The United States is calling for reforms to the Appellate Body which it accuses of over-reach and negotiations are under way but face many obstacles. More