Aurelia Butler

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  • 75 Shares129 Views

    in Cryptocurrency

    Is NFT The Future Of Finances?

    Potential of NFTNawab Hussain, director of Crypto Consultants UK, commented that the NFT market has already surpassed the phase of just being a place for creatives to share their artwork. Still, it also is becoming the means to a much larger economy, notes Hussain. Even though the NFT space is still in its infancy, he believes that the vast expansion of the NFT finance market will be seen within the next five years. “We see the NFT market also becoming a means of verification for physical items such as high-value watches or even sneakers. We are starting to see large corporations delve into that side of the NFT space,”
    said Hussain.NFT collateralized loansAs seen through house mortgages, physical assets can be used as financial instruments through collateralization. One of the ways to use NFTs as financial instruments is NFT collateralized loans. NFTs are easily exchanged and will soon be easy to value at the fair market. This provides the necessary liquidy, and shortly, NFTs will give users an easy and secure way to use many digital and physical assets as collateral for loans.Vismantas Motiejūnas, CEO at TrustNFT, a decentralized NFT loan, and marketplace, notes that the potential of NFTs is endless, and it can be used to generate profit to the investors:“We came up with the idea of how people could monetize their current NFTs. We offer a solution not to sell their assets but use their NFTs as a collateral, thus getting liquidity and ability to invest in other projects. This allows the option of not freezing their NFT assets’ value,”
    said Motiejūnas.Using AI to determine the valueMantas Mackevicius, CTO at TrustNFT, sees challenges in evaluating NFTs because there is no reliable way to do it, even though accurate evaluation is crucial to all solutions using NFTs as collateral.The TrustNFT platform is taking the next step by being the first one in the market to implement a reliable way to evaluate NFT using breakthrough AI technology and Big Data. Also, to simplify the NFT trading and lending process providing a user interface with “a few clicks” approach.The platform allows NFT owners to accurately evaluate NFTs and secure it as collateral with an AI-powered TrustNFT Evaluation Machine. By using Big Data, it determines the maximum borrow limit for a particular asset. If the user agrees or chooses to this loan term and LTM, the asset is locked in TrustNFT smart contract until the loan is completely refunded.“I believe NFTs will evolve to be integral digital assets on every new platform we know. Moreover, NFTs will find their place in the banking industry as well.We have seen their role increase in the gaming sphere, therefore the rest is just a matter of time,”
    Mackevicius, CTO at TrustNFT shared.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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  • 113 Shares99 Views

    in Cryptocurrency

    El Salvador Is Host of Massive LatAm Cryptocurrency Event

    From November 15 to 20, El Salvador will become the world capital of Bitcoin, during the Latin American Bitcoin & Blockchain Conference (LabitConf). The speakers and other special guests will all talk about Bitcoin.The event sponsors are the Bitcoin Latin America Foundation and Adopting Bitcoin (Adoptando Bitcoin), an organization that promotes the adoption of cryptocurrency in the Central American country and has also scheduled a series of talks related to the subject.The event will feature over 50 talks and 150 experts and figures linked to the internationally renowned crypto industry. The speakers will talk about the present and future of the most popular cryptocurrency in the world and the advantages of using Bitcoin.Guests include key ecosystem figures such as Jameson Lopp, founder of Mensa’s Bitcoin Special Interest Group and chief technology officer at Bitcoin security provider Casa, and Stephan Livera, CEO of the Swan Bitcoin International platform and one of the most respected commentators in the industry.Anita Posch, author of the book (L)earn Bitcoin: Become Financially Sovryn, and a member of the board of directors of NPO Bitcoin Austria, will also be at the event. Reporter, filmmaker, and former stockbroker Max Keizer and his partner Stacy Herbert, both hosts of the “Bitcoin Orange Pill Pod” podcast and the Keizer Report program, will be there as well. Additionally, Matías Goldenhörn, head of Athena for Latin America and the founder of the FTX exchange, Sam Bankman-Fried, will be there.Other personalities linked to the industry who will speak on various current topics related to Bitcoin are the Italian developer Giacomo Zucco and creator of RGB, and Tadge Dryja, a Bitcoin researcher at MIT.Adopting Bitcoin in El SalvadorThe conferences scheduled by Adoptando Bitcoin will take place between the 16th and the 18th of this month in San Salvador and El Zonte. The purpose is to familiarize Salvadorans and users around the world with the use of cryptocurrencies, but it will have a more technical approach.The proceeds from the event will be donated to the development of the Lightning Network. This decentralized BTC network executes high-volume instant micro-payments and eliminates intermediaries in the custody of funds.”This event consists of a free day where people can get closer to understand and clarify their doubts about the use, the potential of Bitcoin beyond remittances and why this asset is important for all Salvadorans and not only for those from greater purchasing power,”
    said the general organizer of LabitConf, Rodolfo Andragnes, to the site iproup.com.”There we will all be open to teaching from scratch, with talks that will focus on topics such as speculation management, other types of cryptocurrencies, advantages of different wallets, job opportunities, among others,”
    Andragnes added.On The FlipsideWhy You Should Care?Throughout the event, the organizers will offer alternate activities, including personalized legal clinics and graphic artist exhibitions. An artisan fair is also scheduled, with Bitcoin designated as the currency, as well as halls with commercial stands of crypto companies and live music concerts.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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  • 138 Shares129 Views

    in Cryptocurrency

    Bank of England’s Cunliffe Cautions Crypto Threat on Global Financial Stability

    With the substantial rise of crypto presence these days, Sir Jon Cunliffe — the Bank of England’s deputy governor for financial stability has voiced out the sideways effect on global financial stability. He warned that crypto is giving a stunning rise, which is a threat to the health of global financial stability.Emphatically, Cunliffe made all these statements in an open discussion that featured Bitcoin (BTC) and cryptocurrency. Speaking on the matter, he specified the threats are from Bitcoin and several other vibrant cryptos. To fight a smooth battle on how crypto poses a threat, Cunliffe has asked fintech regulators to take quick action against crypto. Without any delay, he wants regulators to swiftly take instant measures to regulate crypto activities. Meanwhile, lots of traditional finance systems have already integrated crypto.In addition to what he said, the Bank of England official mentioned that in the coming days, crypto assets’ volatility will stream steadily with a huge surge into traditional finance markets. All these form part of the reason why he is eagerly urging regulators to step up.Meanwhile, some time back, Cunliffe made a statement that crypto assets are “not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system.”Continue reading on CoinQuora More

  • 88 Shares159 Views

    in Cryptocurrency

    Coin Healthcheck: Feed Every Gorilla Token (FEG)

    FEG token is meant to reshape the working model of decentralized transaction networks. The token went live on Ethereum and Binance Smart Chain networks in early 2021.
    State of Project
    Aims to provide a decentralized transaction network, which operates on the Ethereum blockchain and the Binance Smart Chain (BSC).
    Deflationary token with 100 quadrillions (100,000 trillion) max supply. Burns tokens with each transaction.
    Incentivizes holding by distributing a 1% transaction fee among holders.
    Provides the decision-making rights for decentralized exchange FEGex.
    Can be used for swapping, staking, creating wrapped tokens, or locking FEGs in the liquidity pools (Uniswap/PackeSwap/FEGex).
    Website & Whitepaper:
    Provides service description, whitepaper, tokenomics and rewards documentation, audit review, contacts.
    Whitepaper provides a description of services but gives no information about the underlying technology, solutions or methods that have been used to develop them.
    Development stage:
    Beta version of FEGex, a bridge that makes cross-chain swaps possible between the two blockchains.
    Direct swapping, staking, wrapping, internal liquidity locking features are available.
    SmartDeFi technology implemented. Makes DeFi rug-proof, reduces gas fees, better rewards through frictionless yield.
    Roadmap:
    Further development and UI redesign plans for FEGex cross-chain bridge.
    Implementation timelines not specified.
    Declaration of an upcoming expansion to Avalanche, FTM and Polygon blockchains.
    Fundraising:
    100% of liquidity generated through public listings (UniSwap, PancakeSwap, FEGex).
    Contradiction on FEG presale information (whitepaper says none presale happened, official blogpost says 700 BNB worth presale done on Binance Smart Chain). Team
    Has 19 admins and almost 30 social media moderators.
    The roles of admins are not specified.
    The whole team hide their identities.
    They are all reachable via social media accounts, created soon after the FEG token launch. The full team list is here.
    FEG is the official partner of the Pan African Sanctuary Alliance (PASA), an alliance of African wildlife protection centers across 13 countries.
    Token has no venture capital investors.
    Community
    Huge follower bases on Twitter (NYSE:TWTR) (311K), Instagram (141K) and Telegram (131K), Reddit and Discord come with lower numbers (over 13K each).
    No official LinkedIn account.
    Active communication, posts on achievements, listings, give-aways.
    “To the moon” type communities.
    Outside communities users claim the lack of solid discussions and blocking for critical opinion. Key Metrics
    Max supply: 100 quadrillion tokens Circulating supply: 41 quadrillionMarket cap: $358 millionTrading volume: Typically below $10M/24h. Over $200M at price ATH.
    Exchange listings:
    UniSwap, PankaceSwap and other DEXes on both blockchains. Check up the full list.
    Upcoming listing on BitMart CEX. Online research warns, an exchange is possibly a scam, that freezes funds without explanations and replies from support.
    Token allocation:
    57% of FEG supply on the Ethereum network. 54% on BSC (numbers provided by official audit).
    90K wallets on Ethereum. Almost 74% of them are wallets holding over $3M FEG each.
    Over 800K wallets on BSC. Nearly 30 wallets hold more than $1M worth of FEGs.
    Available via Trust Wallet, MetaMask, Binance Chain Wallet wallets.Price movements:
    FEG reached ATH 3 months after launch. Lost over 50% in 10 days since. The token is 80% down from the all-time high at the time of writing.Information correct as of 15/11/21Please see All Time Price Movement hereVerdict
    The idea of providing a bridge for ERC-20 and BEP-20 token swaps is not new or unique. There are multiple projects in the crypto space working on that. The project has several transparency issues. Its future development plan looks abstract and has no specific timelines whenever upgrades will be implemented. The team behind the project is anonymous and has more marketers than engineers and developers. Whitepaper gives enough information on services, but nothing about the underlying technology and development. Looks more like a marketing paper than an actual whitepaper. In the meantime, the project really has big and active communities.Listing on a centralized exchange is nearest plans. However, it might be not the reputable one and possibly involved in previous scams.With this in mind, we remain cautious about treating Feed Every Gorilla Token (FEG) as a sustainable investment.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]
    You can always unsubscribe with just 1 click.Continue reading on DailyCoin More

  • 200 Shares169 Views

    in Cryptocurrency

    Crypto Legends – The Shiba Brothers Tommy & James Next Big Pick – Legends of Bezogia

    Legends of Bezogia is a virtual world with player-owned economies. The hook for players in the “GameFi” community is that it is a new online frontier where “decentralized finance” brings together cryptocurrencies, blockchain technology, NFTs (non-fungible tokens), and video gaming. The collected digital tokens won in the game have the potential to convert into NFT in-game items with real-world value. The game is currently in the Alpha testing stage. It is available on PC with Android, Mac, and iOS versions coming soon.The goal of these revolutionary games is to reach millions of players globally. Legends of Bezogia is one of the fastest-growing games, even just in the Alpha testing phase. It has transcended traditional games using blockchain, technology, and incentive design, evolving into a complex digital nation. Legends of Bezogia has attracted thousands of fans. Including celebrities and athletes. NFL Superstars Antonio Brown of the world champion Buccaneers and Hall of Fame legend Warren Sapp, who was brought onto the project by founders of The Global Incubator (www.theglobalincubator.com) Cole Moye and Kamil Blaszczak.The game features NFT (Non- Fungible – Tokens) Bezogis, who look cute on the outside, but behind those adorable puppy eyes are fearsome warriors that pillage the lands of Bezogia to find blocks to mint mythical weapons and summon more Bezogi. Players build their collection of Bezogi warriors, mint cool, innovative weapons, and pillage resources, all using cutting-edge Blockchain technology. The difference between NFTs you read about in the art world and the GameFi NFTs is that the characters have real in-game utility to do things and interact with other characters while gaining skills. In the game, you will be able to lease out your characters and sell them to other players to earn a profit.The growth of the Bezoge Earth token has been exponential due to the connection between the games and digital wallets. In 3 months, market watchers have seen a 599% increase in the crypto gaming sector, while Bezoge Earth has seen a drastic increase of over 1000% in the same period with plenty of potential for future growth compared to market caps of other play to earn gaming tokens.The Bezoge community is building the game, so instead of just being players, they are part of the company making decisions and participating in creating the game.Since its inception, the Bezoge Earth token has gained close to 19,000 holders, and it is becoming a leader in the play to earn category.Information provided by FinancialNewsMedia.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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  • 100 Shares159 Views

    in Cryptocurrency

    Israel reportedly adopts new AML rules for crypto

    The government of Israel enforced new Anti-Money Laundering (AML) regulations on Sunday, requiring local fintech companies and virtual currency service providers (VASP) to obtain an operating license, local news agency Globes reported.Continue Reading on Coin Telegraph More

  • 125 Shares119 Views

    in Economy

    Croatia's eurosceptics fail in bid on referendum to block euro

    The centre-right government of Prime Minister Andrej Plenkovic aims to get a green light from the euro zone by June to adopt the euro from January 2023. Adopting the common currency is popular in Croatia: according to an opinion poll released in July more than 60% of voters favour it.Marijan Pavlicek, a leading Hrvatski Suverenisti member, told a news conference the party, which gathered signatures last month in its bid to force a referendum, was 34,000 signatures short of the 370,000, or 10% of the electorate, required.”Still, this is a respectable figure and the government should not ignore it… Croatia is not ready for the euro yet.” The government says adopting the euro would remove currency risk, reduce interest rates, improve the country’s credit rating and open the way for more investment. The key challenge for the government and the central bank is to keep a lid on inflation and budgetary expenditures to satisfy nominal macroeconomic criteria for joining the euro zone. October annual inflation in Croatia was 3.8%.The eurosceptics say the economy is too weak and uncompetitive to adopt the euro, and doing so would cause price rises.The Fitch rating agency last week raised Croatia’s credit rating to ‘BBB’ with a positive outlook, saying it expects Croatia to be in a position to adopt the euro at the beginning of 2023. More

  • 163 Shares189 Views

    in Economy

    Retail Sales & Walmart, Crypto Slumps, Oil Tide Turning – What's Moving Markets

    Investing.com — The spotlight is on the U.S. consumer today, with October retail sales data coming out within an hour or two of earnings from Walmart (NYSE:WMT) and Home Depot (NYSE:HD). Bitcoin and other cryptocurrencies tumble as the market absorbs the fact that the final version of the Infrastructure Bill included some potentially onerous reporting restrictions. Elon Musk continues to sell Tesla (NASDAQ:TSLA) stock, but at least Michael Burry has stopped doing the same. The International Energy Agency accepts that the tide is turning for oil, and sterling leaps after strong U.K. labor data put a December rate hike back in play. Here’s what you need to know in financial markets on Tuesday, 16th November.1. Retail dayHow strong is the U.S. consumer feeling heading into the holiday season? We’ll find out at 8:30 AM ET (1330 GMT), when retail sales data for October are reported. Analysts expect a 1.2% rise from September, which would be the biggest monthly rise since March, when the U.S. lifted most of its lockdown restrictions on stores.There’s an implicit tension between that forecast and the University of Michigan’s consumer sentiment index, which fell to a 10-year low at the start of this month. It can be partly explained by the fact that much of the increase in retail sales is due to rising prices ( Tyson Foods (NYSE:TSN) on Monday became the latest company to announce blandly that it is passing on higher input prices to customers).The nationwide data will probably find echoes in earnings from Walmart and Home Depot, both of which report early.2. Musk keeps selling but Burry throws in the towelElon Musk continued selling Tesla stock on Monday, according to filings released late in the day. The CEO Musk sold 934,091 shares, worth around $930 million, after exercising options to buy 2.1 million shares previously granted as compensation at $6.24 each.He is required to pay income tax on the difference between the exercise price and the market value.Tesla stock fell 1.2% in premarket. However, there’s one less person selling the stock – Michael Burry of ‘The Big Short’ fame, whose Scion Capital hedge fund has closed its short position on both Tesla and Cathie Wood’s ARK Investment, apparently after tiring of ‘being right too early’.3. Stocks set for flat opening after Biden-Xi callU.S. stocks are set for another flat opening after a lackluster day on Monday when they struggled for direction. The extended telephone call between Presidents Joe Biden and Xi Jinping produced some positive mood music, but little in the way of hard news.By 6:15 AM ET, Dow Jones futures were down 3 points, effectively flat, while the S&P 500 and Nasdaq 100 futures contracts were both down by less than 0.1%.In addition to Walmart and Home Depot, stocks likely to be in focus later include Chinese gaming company NetEase (NASDAQ:NTES), which has revived plans for an IPO of its music business according to The Wall Street Journal. The company’s earnings fell somewhat short of expectations but revenue came in ahead of forecasts.4. Crypto slumps at realization of reporting requirements in infrastructure billCryptocurrencies sold off across the board as the market digested the implications of a clause in the infrastructure bill that threatens heavy reporting requirements on the transfer and receipt of such funds.The bill mandates that digital asset transactions over a value of $10,000 must be reported to the Internal Revenue Service, something that will increase the administrative costs of many crypto brokerages as well as inhibiting the trade in illicit goods and services that generate the bulk of ultimate demand for crypto.By 6:25 AM ET, Bitcoin was down 8.6% at $60,284, having earlier dipped as low as $58,655. Ethereum was down 10%, Litecoin was down 14% and Cardano was down 9.2%.Back in the world of real currencies, sterling perked up after strong U.K. labor market data put the prospect of a rate hike at the Bank of England’s next meeting back on the agenda.5. Oil bucks bearish IEA report. API inventories dueCrude oil prices rose overnight, despite fresh indications that the global supply-demand balance may finally be turning in the favor of consumers.The International Energy Agency said it expects global oil supply to rise by an average of 1.5 million barrels a day over the final two months of this year, helped by a 400,000 barrel-a-day increase in U.S. output. It also assumes that OPEC and its allies pump the volumes that they have promised to pump – despite the bloc missing its targets for the last two months.By 6:25 AM ET, the January U.S. crude futures contract was up 0.5% at $80.13 a barrel, while Brent crude was up 0.6% at $82.56 a barrel. The American Petroleum Institute’s weekly inventory data are due at 4:30 PM ET, as usual. More