Aurelia Butler

More stories

  • 188 Shares199 Views

    in Cryptocurrency

    Uniglo (GLO), Fantom (FTM) And Solana (SOL) Are The Cryptos To Check Before August Ends

    Uniglo (GLO)
    Uniglo has all the features the crypto community needs right now. It’s packed full of strong fundamentals that make it one of the best new tokens that space has seen for some time. Arguably ever. As a community-driven token, GLO also has a strong store of value thanks to full asset-backing from a range of different investments that include cryptocurrencies, NFTs and more. This gives it a strong and stable base price that holders can have complete faith in, and one that isn’t over-reliant on any one asset and also not prone to pumps and dumps.GLO also introduces a radical dual-burn mechanism to help destroy more tokens as it gets bigger. This gives even more price potential for early adopters, and makes sure GLO isn’t over-supplied. It’s completely deflationary and becomes more and more scarce over time. All these reasons and more are why crypto experts love GLO as an investment right now.Fantom (FTM)
    Fantom has already had a successful few years in the space, but its prominence looks set to grow. Holders get to enjoy a range of passive income opportunities, as well as being part of an incredibly fertile development space that is already home to countless interesting projects.Solana (SOL)
    Solana is a unique project in that it’s the fastest blockchain platform around, but it’s also environmentally friendly. Both of these things are key selling points and could help it become a more prominent project in the space over the next few months.Conclusion
    GLO, SOL and FTM all have great potential for the rest of August and beyond. Check them out and consider investing in them strongly.Find Out More Here:
    Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundationDiscord: https://discord.gg/a38KRnjQvW Twitter (NYSE:TWTR): https://twitter.com/GloFoundation1Continue reading on DailyCoin More

  • 113 Shares179 Views

    in Cryptocurrency

    U.S. Congressman Requests an Explanation on Tornado Cash Sanctions

    The sanctions on Tornado Cash definitely stirred the pot for the crypto community, not knowing what to expect. Some players in the crypto game argue that the sanctions on Tornado Cash are a small price to pay for faster institutional adoption.When Alexey Pertsev, one of the co-founders of the technology, was arrested along with the lead developer of Tornado Cash in the Netherlands by the Dutch authorities, a lot of crypto influencers pointed out the alleged injustice: As Do Kwon of Terra (LUNA) is walking free even after the embezzlement and money laundering allegations, Pertsev is getting arrested for simply writing an open-source code.Moreover, Cardano (ADA) founder Charles Hoskinson brought up the fact that the U.S. government is implying that the software developers are accountable for how their coded software is used, even if it’s out of their control.Will Lazarus Group Strike Again?According to the documents published by the Treasury Department’s Office of Foreign Asset Control (OFAC), there’s been over $7 billion laundered through the crypto mixer Tornado Cash since it was created. At least half a billion dollars is related to attacks carried out by Lazarus Group, the ferocious hackers from North Korea, intensely trained by the totalitarian regime.Since the stolen crypto funds are mainly used to fund nuclear testing and missile trials, it poses a threat to the security of the world. However, it’s unclear if a ban on Tornado Cash will be enough to stop the notorious North Korean hacker gang.In conclusion, as well put by Congressman Tom Emmer: “Nonetheless, technology is neutral and the expectation of privacy is normal.” As many crypto players assume, privacy in the sector will be taken more seriously in the future and there’s going to be a lot more anonymous open source apps. However, the full extent of the impact that the Tornado Cash incident has on crypto is yet to be seen.Why You Should CareThe sanctions imposed by the U.S. government on Tornado Cash might go either way, with a clearer legal framework and smoother adoption or with more bans and confusion.Learn more about Vitalik Buterin’s donation to the Ukrainian armyRead about Circle’s CEO Jeremy Allaire calling for legal frameworkFind out more about Lazarus Group’s recent attempt to hack DeBridgeContinue reading on DailyCoin More

  • 163 Shares169 Views

    in Economy

    Turkey's economy expanded 7.5% in Q2, seen slowing in H2 – Reuters poll

    ISTANBUL (Reuters) – Turkey’s economy expanded 7.5% annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast stood at 4%, pointing a drop in economic activity in the second half of the year reflecting weaker demand conditions.The economy expanded 7.3% year-on-year in the first quarter, driven by strong performances strong exports and robust domestic demand. It is expected to have kept up the strong performance in the second quarter.President Tayyip Erdogan’s new economic programme has prioritised growth and exports, while aiming to tackle inflation by shoring up Turkey’s chronic current account deficit instead of rate hikes.An easing cycle under Erdogan’s programme led the lira to end last year down 44% against the dollar and shed another 27% so far this year, sending inflation to a 24-year high of nearly 80% in July.While the rate cuts aimed at stimulating the economy, analysts predict that activity could cool in the second half of the year due to a downward trend in demand and an expected economic slowdown in Turkey’s largest trade partners.The median estimate of 13 economists in a Reuters poll for annual gross domestic product (GDP) growth in the second quarter stood at 7.5%, within a range of 5% and 8.7%.The full-year growth was lower, with the median estimate of 18 economists standing at 4.05% and forecasts ranging between 3.3% and 5%.Turkey’s central bank cited signs of a slowdown in the third quarter last week when it shocked markets by cutting its policy rate by 100 basis points to 13%.”It is important that financial conditions remain supportive to preserve the growth momentum in industrial production and the positive trend in employment,” the bank said.Finance Minister Nureddin Nebati said on Tuesday that he expects growth in the second quarter to come in higher than the 7.3% recorded in the first quarter.Turkey’s economy was one of few to narrowly expand in 2020, thanks largely to cheap loans. It bounced back in 2021, expanding 11%.The Turkish Statistical Institute is expected to announce second quarter growth results at 0700 GMT on Aug. 31. More

  • 138 Shares179 Views

    in Cryptocurrency

    Samsung Set To Launch Crypto Exchange In South Korea In 2023

    The tech giant will launch the crypto exchange via its subsidiary, Samsung (KS:005930) securities, which describes itself as “Korea’s leading financial investment company offering a wide range of services, from stock brokerage to asset management, corporate finance, and proprietary trading.”According to news reports, “Samsung Securities is conducting a study on how to enter the blockchain-based security token business. At the end of last year, the company tried to find the manpower to take charge of the development and operation of the security token trading platform, and the development of blockchain smart contracts, but were unable to find employment.”Furthermore, seven large domestic securities companies have applied for preliminary approval and establishment of a corporation from the financial authorities for the establishment of a virtual asset exchange in the first half of next year, according to the securities industry of the country.Easing Of Regulations By Korean Government Is The Main PushIn popular opinion, the easing of regulations by the Yun Seok-yeol government has boosted the entry of securities companies into the asset exchange business.The local media reports revealed that the Financial Services Commission plans to promote the enactment of the ‘Virtual Currency (Cryptocurrency) Business Rights Act’, which has been continuously requested by the Financial Investment Association and the securities industry.Furthermore, “the FSC plans to revise the relevant laws and push forward with the Digital Assets Framework Act so that they can be managed in one regulated framework – divided into security-type tokens and non-security-type tokens.”At the same time, the FSC said that it would examine whether domestic virtual assets are securities.Moreover, under the new government, the securities industry is considering ways to provide security tokens (STOs), non-fungible tokens (NFTs), virtual currency and virtual asset custody, and wallet services.“This is because securities tokens and NFTs subject to the Capital Market Act are included in the business area of securities companies, so it is appropriate to trade at ATS in the future. Currently, in accordance with the Act, Enforcement Decree, and Regulations on the Capital Market and Financial Investment Business, the trading target of multilateral trading companies (ATS) is limited to listed stocks and depository securities (DRs),” explained the local media.On the FlipsideWhy You Should CarePublic opinion is that Samsung’s move to launch crypto exchange will aid large scale cryptocurrency adoption.Similar stories on DailyCoin:South Korea Plans to Regulate Crypto Airdrops with 10%-50% Gift TaxSouth Korea Investigates Banks for $6.5B in Transfers Related to Kimchi PremiumContinue reading on DailyCoin More

  • 113 Shares199 Views

    in Cryptocurrency

    Crypto mining can benefit Texas energy industry: Comptroller's office

    A newsletter from the Texas Comptroller’s office revealed the state’s pro-crypto stance with the intent to host long-term miners and operators. Clarifying the general misconception about Bitcoin’s energy usage, the fiscal note highlighted that unlike “manufacturing facilities or industrial chemical plants, which can be expected to be around for decades,” cryptocurrency mining facilities do not place big electrical demands on the grid.Continue Reading on Coin Telegraph More

  • 125 Shares189 Views

    in Economy

    UBS ups Greek economy's 2022 growth forecast on tourism tailwind

    “Our new growth projection is 150 basis points above market consensus of 4.2%,” UBS economist Gyorgy Kovacs said in the report.Tourism revenues are expected to reach 20 billion euros this year, topping projections of 15 billion and last year’s 10.5 billion, including a positive effect on job creation, the report said.Central bank data showed that non-resident arrivals rose 241.5% in June on the year, with revenue up 224.5%. Arrivals corresponded to 89.0% of their level in 2019, a record year for tourism, while revenue exceeded it.Greece’s economy expanded in the first three months of the year at a faster pace than in last year’s fourth quarter but on an annual basis the rate of growth eased to 7.0% percent from 8.1%.Official second quarter gross domestic product (GDP) data is due to be released on Sept. 7.UBS sees downside risks this year from a gradual deterioration in business sentiment and potential disruption to gas flows to Europe. It revised its 2023 Greek growth forecast down to 4.0% from 4.7%.It said average inflation could easily top 9% this year.Greece’s annual consumer inflation slowed to 11.6% in July from 12.1% the previous month, remaining close to its highest level in nearly three decades.The government is expected to spend 6 billion euros on energy subsidies this year, about 3.0% of GDP. More support may be announced on Sept. 10 although likely to only amount to around 1.0% of GDP, UBS said. More

  • 138 Shares119 Views

    in Economy

    Macron warns French sacrifices will be needed as tough winter looms

    PARIS (Reuters) -President Emmanuel Macron told the French on Wednesday there were tough months ahead as “freedom has a cost”, with his government warning that there may be increases in energy prices as the war in Ukraine grinds on. However, unions rejected his call for sacrifices to be made, saying workers needed higher pay to cope with rising inflation.Macron said people were living through a series of crises, with the extreme temperatures, fires and drought of the past weeks, the Ukraine war and disruptions to global trade. Addressing the first cabinet meeting since the summer break, Macron said the world faced the end of an easy abundance of goods and resources and “of a certain carefreeness”.”Freedom has a cost,” Macron said, urging his ministers to be ambitious and the French to accept new measures. “The battles we have to fight … will only be won through our efforts.” In the coming weeks his government will have to decide whether to renew price caps on electricity and gas that expire at the end of the year, and maintain a fuel rebate, which together have helped keep French inflation lower than many European peers but weigh heavily on public finances.France could not maintain energy price caps to help households cope with soaring inflation forever, government spokesman Olivier Veran said after the cabinet meeting. “There may be price increases,” he said.Pension and unemployment benefit schemes reforms are also in the works and could trigger street protests. UNIONS PLAN PROTESTSMacron, who won a second presidential mandate in April but lost his majority in parliament, faces tough challenges, including persuading lawmakers to pass the 2023 budget. The government will present legislation in September to speed up energy infrastructure projects and hammer out a short-term plan to secure energy supplies for the winter, Veran said.France is also working on an “energy restraint plan” that would ask all citizens to commit to a “hunt for waste”, such as turning off lights when leaving offices, Macron said in July.France is less reliant than some neighbours on gas imports from Russia, which account for about 17% of its gas consumption. But concerns about supply from Russia nevertheless remain.Philippe Martinez, the head of the CGT labour union, told BFM TV after Macron’s comments that protests in September would call for measures to boost wages and limit price increases.”We will stand up against these new sacrifices,” he said. His union has called for a day of nationwide strikes on Sept. 29.Philippe Gosselin, a lawmaker for the opposition conservative Les Republicains, said Macron needed to press ahead with reforms after a few slow months following his election. “Since the legislative elections, in fact, there has been no real direction,” Gosselin told Reuters. More