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    Manchin's $1.8 trillion spending offer no longer on table -Washington Post

    Manchin told reporters this week that he is no longer involved in discussions with the White House and has signaled privately that he is not interested in approving any legislation like President Joe Biden’s Build Back Better Package, the newspaper said, citing three people with knowledge of the matter.Manchin’s office did not immediately respond to a request for comment.The legislation is one of Biden’s signature domestic priorities. Manchin’s vote is critical in the evenly divided Senate. His opposition torpedoed Build Back Better in December, drawing ire from Democratic progressives and sending the political party scrambling to find a way to resurrect the package.The plan includes funding for high-priority issues for many Americans, including free preschool, support for soaring childcare costs, coverage of home-care costs for the elderly and expansion of free school meals. Manchin has spoken with a raft of officials and others seeking to garner his support for the legislation, including senior White House aide Steve Ricchetti, Larry Kudlow, former economic adviser to ex-president Donald Trump, and Republican Senator Mitt Romney of Utah, according to the Washington Post. More

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    Venezuela's inflation hit 686.4% in 2021 – central bank

    CARACAS (Reuters) – Venezuela’s annual inflation rate hit 686.4% in 2021, demonstrating a deceleration of consumer price growth versus the previous year when inflation was 2,959.8%, the country’s central bank said on Saturday. Monthly inflation in December rose 7.6% and, since September, the inflation rate has remained in the single digits.The deceleration in prices follows government measures which include the restriction of credit and lower spending in bolivars to maintain the stability of the exchange rate.As a result of this strategy, government entities and state-owned oil company PDVSA now pay suppliers in cash with foreign currency.During an interview broadcast on state television at the start of this month, Venezuela’s President Nicolas Maduro said hyperinflation – which ran for four years – had been left behind.Despite measures to improve supplies and control inflation, prices remain high and continue to hit the earnings of Venezuelan families, limiting their ability to buy goods like food and medicine. A minimum monthly salary is equivalent to $1.50. In 2019, amid hyperinflation and economic collapse, Venezuela’s government relaxed economic controls, allowing greater quantities of foreign currency to circulate, which provided some sectors with breathing space. The central bank has yet to publish data regarding the country’s economic growth. More

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    Metaverse: The Next Blockchain or Augmented Reality?

    In this post-pandemic era, the vocabulary has changed to from “let’s set a call” to “let’s set up a video conference,” says Ali Hashemian, president of Kinetic Financial. This has been very conducive to the tech industry continuing to drive revenues in this socially trending economy. While Hashemian’s expertise is not related to social media or technology in general; his expertise is in financial planning. So how do we evaluate all these tech trends – and specifically the metaverse – from a financial/investment perspective?Hashemian goes on to explain,“Don’t get me wrong, I believe that video conferencing technology (particularly the ability to share visual information virtually and remotely) is a very powerful tool in almost every industry. The question isn’t “yes or no” but “when, why, and how.”“Let’s look back on a couple of historically successful stock stories; I want you to ask yourself those same questions I posed. If you think about Amazon (NASDAQ:AMZN) or Tesla (NASDAQ:TSLA), the ‘yes or no’ doesn’t even seem relevant. And the ‘when, why, and how’ have always seemed obvious.“Let’s fast forward to a more relevant and less obvious example: blockchain (specifically cryptocurrency). The ‘yes or no’ was a lot harder for investors to decipher, and still is. But if you look at the ‘when, why, and how’ there was almost no question. We were at a time that the world was looking for digital assets (when). Other asset classes were peaking, so investors were looking for options but didn’t want to invest in traditional currencies and commodities (why). Blockchain offered a digital, alternative, and private way to invest (how).“Let’s look at augmented reality, which was a few years ahead of blockchain. The ‘yes or no’ question feels like most would answer yes. Who wouldn’t want to wear a pair of glasses that can read your text messages aloud to you, record everything you saw that day, and tell you about the temperature in real time? But if you think from the position of ‘when, why, and how,’ a different picture is painted.“The truth is, we already had our smart phones which gave us access to all the same information; but instead of all that info being thrust on us constantly through glasses, we get it on demand via our phones. In a time when people want to be in control of the influence technology has on their lives, augmenting reality did not fit our social trends (when). Since we had many options that could give us the same information without the added technology of augmented reality, there was no real practical reasoning to adopt the new tech (why). To utilize augmented reality, you would either need to integrate a new device that would be expensive and possibly change your image, like glasses, or stare through your phone camera for your entire life – pretty unreasonable from a practicality standpoint (how).“I think it is too early, from an investment standpoint, to determine the financial value of a metaverse. However, it is important to put on your financial goggles (no pun intended) when you decide on a strategy for your money. This may be a good opportunity for you to test your rational investing skills. Does the ‘when, why, and how’ create a demand for a three-dimensional internet existence or are you just following the simplistic investment view of ‘yes or no’”?EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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    Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs?

    For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes with stylish clothes and disreputable expressions. Each ape is practically an image file that should be worthless in a sane world. Nonetheless, they have been managing to fetch astonishing sums, sometimes from some of the world’s most renowned celebrities.Continue Reading on Coin Telegraph More

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    Reltime Announces Two New IEO on P2PB2B and IndoEx

    Reltime offers direct P2P and M2P lending, borrowing, free remittance, and joint-account services are available to users here, and they are backed by industry experts throughout the world. The Ecosystem creates its own Reltime PoA (Proof of Authority) protocol, which is a blockchain technology that allows for speedier transactions by using an identity-based consensus process. Reltime has been developing the platform with the aid of global organizations since 2018 in order to provide the service as the first true banking offering based on Blockchain-based Smart Contracts and dApps.FRODE VAN DER LAAK is the inventor of the PoA and the Ecosystem of Reltime. Frode, with an MSc in Software and System Security at the University of Oxford, MPhil in the Faculty of Natural and Mathematical Science, and a Pending Ph.D. from King’s College London in DLT. He brings enormous value to the Reltime team by bridging distributed ledger with user efficiency interests, as well as inventing patented and patent-pending to promote convenience in a telecommunication environment and DLT environment. Have filled over 15 patents. Reltime will go public on a regulated exchange, where it will continue to develop new innovations, file patents, and incorporate new technology. Reltime will distribute investor funds based on escrow and evidence from the investor workshop. This workshop is part of Reltime’s request for feedback from investors who are interested in becoming a part of this groundbreaking invention.Reltime brings state of art tech to DefiReltime intends to revolutionise the state-of-the-art Blockchain technology used in tenancy and microtransactions. The Reltime Proof of Stake ‘RPoS’ consensus method will provide a decentralised public ledger that is open, scalable, and rapid. The protocol aims to take advantage of the structural qualities of blockchain to solve the orphan rate problem. The capacity of RPoS to survive this difficulty and hence increase scalability depends on the additional rules provided to cope with transaction consistency as well as any other design decisions taken.Based on building blocks, the Multi-Tenancy protocol established as part of the protocol will be straightforward to mass-adopt. Nonetheless, in order to be approved by the industry, it must be able to support industry standards, such as Mastercard (NYSE:MA) MCBP.The Reltime platform provides a variety of services to its users, including low-cost cross-border transactions, peer-to-peer lending where the lender sets the interest and terms, payment cards, embedded financial services that provide instant payments, spending insights, instant lending, zero-transaction fees, open APIs, and more. Reltime has teamed with Accubits Technologies, one of the leading blockchain development businesses in the market, to build its blockchain components. After the completion of the Reltime security token offering (STO) in October 2021, the ecosystem is expected to start in Q2 of 2022. Reltime is also working on developing a mass-market ID and biometric card.Reltime Lending and Key ServicesReltime lending is a peer-to-peer lending platform that allows users of the Reltime app to borrow money from other users. Instant loans backed by crypto assets give users short-term liquidity. Users can borrow money from other users by submitting collateral in fiat or cryptocurrencies. Borrow fiat or cryptocurrency as collateral. Until the borrower repays the lender the borrowed amount plus interest, the submitted collateral will be locked in. Reltime allows lenders to publish their RTC tokens on the platform and receive interest payments from borrowers.Reltime employs advanced DLT technology to provide a DEFI payments ecosystem for B2B and B2B2C transactions around the world. Reltime’s mission is to rebuild the banking system as a de facto decentralised, automated, and regulatory-compliant platform. Users can transfer money from one account to another in a matter of minutes with minimum transaction fees with Reltime Money Transfer.The transaction is backed by an RTC stable currency. Assume a sender in the United States wishes to transmit money from his account to a receiver in India. In that instance, the sender can use the Reltime mobile application to purchase RTC stable coins and transfer them to the recipient’s wallet. The recipient can convert the RTC tokens they have received into their own money. They are able to complete the transaction in a matter of minutes for a small cost.To learn more about Reltime visit Reltime.comTwitter (NYSE:TWTR): https://twitter.com/ReltimedefiTelegram: https://t.me/reltimedefiLinkedIn: https://www.linkedin.com/company/reltimedefiMedia Contact:Contact: Frode van der LaakCompany: Reltime ASEmail: [email protected]: https://reltime.com/Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.Continue reading on CoinQuora More

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    Poland's PM to announce anti-inflationary measures Tuesday, gov't spokesperson says

    The measures in the whole package could be extended if inflation continues to surge, Muller told private radio RMF FM. On Friday Morawiecki highlighted a previously announced VAT tax cut on petrol. The tax cuts are aimed at countering the impact of surging inflation in Poland, which has reached a more than two-decade high. Poland’s central bank hiked its main interest rate by 50 basis points to 2.25% on Tuesday and signalled there was more tightening to come. Data on Friday showed the consumer price index hit 8.6% in December. More