Aurelia Butler

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    Valhalla Partners with Hong Kong International Cricket Sixes for a Thrilling Comeback

    Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game, has teamed up with the Hong Kong International Cricket Sixes as its official partner, marking the much-anticipated return of the tournament after a seven-year break.From November 1 to November 3, top international teams will face off in this fast-paced cricket format at the Tin Kwong Road Recreation Ground.The Cricket Sixes has been a celebrated event since its debut in 1992, with legendary players like Sachin Tendulkar, MS Dhoni, Shane Warne, and Sanath Jayasuriya gracing the field over the years. Valhalla’s partnership with the Sixes reflects the synergy between competitive sports and the blockchain gaming world. On the ground, key branding assets will include ground perimeter boards, mid wicket logo mats, and the presentation backdrop, ensuring strong visibility for both Valhalla and the Sixes event.This year’s tournament will feature 12 teams divided into four groups. In Group C, India, led by stars like Robin Uthappa and Kedar Jadhav, will face off against Pakistan and the UAE. Group A includes South Africa, New Zealand, and host nation Hong Kong. Group B brings together Australia, England, and Nepal, while Sri Lanka, Bangladesh, and Oman make up Group D. The top two teams from each group will progress to the quarterfinals, with 29 matches set to take place over three action-packed days.About Hong Kong SixesThe Hong Kong Cricket Sixes is a six-a-side international cricket tournament held at the Kwong Road recreational ground from 1st to 3rd Nov. The 2024 edition will be conducted after a 7 year gap and 12 of the best cricketing nations will battle it out for top honors. Uses can learn more at www.hkcricket.orgAbout ValhallaValhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game.Website | YouTube | Telegram | Instagram | TikTok | Discord | Facebook (NASDAQ:META) | Reddit | TwitchContactCommunity Relations OfficerPedro [email protected] article was originally published on Chainwire More

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    New Satoshi Nakamoto Statue Presented in Switzerland As Major Plan B Forum Starts

    The unveiling of the monument is taking place as the Plan B conference dedicated to Bitcoin begins in Lugano and will last for two days. This event boasts major guests from the crypto and financial world as its headline speakers. Among them is the “Satoshi candidate” Nick Szabo, founder of Blockstream (and another “Satoshi candidate”) Adam Back, his former colleague and now the CEO at JAN3 Samson Mow.Julian Assange’s wife Stella and his brother Gabriel Shipton will also be there, along with SkyBridge Capital CEO Anthony Scaramucci, Tether CEO Paolo Ardoino, and many other prominent figures from the crypto realm.These leaders and influencers are coming together to Lugano to “to discuss Bitcoin adoption, economics, financial freedom, and freedom of speech”, according to the website of the conference.Satoshi created and launched Bitcoin in 2009 after the global financial crisis caused by the collapse of the mortgage loan market in the US a year before. In the white paper he published, was mentioned Adam Back (hence many believe that he is Satoshi) with whom he exchanged a few e-mails before Bitcoin was launched.This article was originally published on U.Today More

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    in Economy

    Lebanon placed on global money-laundering ‘grey list’

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

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    Does Bitcoin Need Cardano? Crypto Community Responds to Fred Krueger

    He said nothing will move “the needle on Bitcoin’s core Store of Value use case.”This extreme position has triggered a massive reaction from community members. First, BitcoinOS, the developer behind the Grail Bridge that connects Cardano, disagreed with Fred Krueger. The platform said, “Decentralized lending markets are the perfect complement to BTC, which is the most pristine collateral asset known to man.” It also emphasized that it is bridging to other protocols so that it will not consistently fork the main Bitcoin network.Other experts like Dan Held also chipped in to correct Krueger’s disposition. Held reiterated that speculation is the main driver of value for all chains, including BTC. Based on this, he said, “DeFi doesn’t conflict or detract for the SoV thesis.”Using the Babylon protocol, Cardano and Bitcoin are also mulling a staking model that can benefit both communities. While Bitcoin maxis consider this a detraction, core proponents of interoperability like Charles Hoskinson are optimistic that the trend will benefit the broader crypto ecosystem.With the community’s response to Fred Krueger, it appears the landscape is shifting in visible ways.This article was originally published on U.Today More

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    EU races to prepare for a Trump win

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

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    ‘It’s a Brain’: Cardano Creator Explains Major Bitcoin Innovation

    Thus, Hoskinson emphasizes this project is not simply a bridge — it is a “brain” that aims to propel Bitcoin into the world of DeFi, GameFi and smart contracts, areas previously out of reach for the major cryptocurrency.While many see potential in this integration, others have raised questions about whether it aligns with Bitcoin’s principles of security and decentralization. In return, Hoskinson said that connecting Bitcoin with other ledgers does not affect its own network, as the innovation lets it interact with Cardano’s features without changing the way blockchain works. Only through Cardano, notes the entrepreneur, can Bitcoin operate natively with the UTXO model while even allowing for transaction fees to be paid in BTC. This linkup introduces Bitcoin to a smart contract layer on Cardano, expanding its utility and potential without altering its core network.This new development fits perfectly with Cardano’s vision of mass adoption and innovation, outlined by Hoskinson previously, and at the same time may provide a smooth way to expand Bitcoin’s utility.This article was originally published on U.Today More

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    in Economy

    Russia’s Nabiullina on raising rates to 21%

    Nabiullina spoke in Russian. The quotes below were translated into English by Reuters.NABIULLINA ON THE RATE DECISION”We considered three options today: to raise the rate to 20%, to 21% and above 21%. The option of holding the rate was not considered, no one suggested it, but we discussed the options of raising the rate to 20% and 21%.”The possibility of raising the rate with the same steps in the next (meeting) will depend on the data that we’ll receive: data on the development of the economy, inflation, inflation expectations, the rate of credit growth in general, but we allow for the possibility of an additional rate increase in December.”NABIULLINA ON THE MAIN PRO-INFLATIONARY FACTORS”The main factor is that we will continue to have an imbalance of supply and demand. This may be factors related to the budget, we always say that budget changes are an important factor that we take into account. It will also depend on the rate at which loans will grow, and loans in general…. An important factor is inflation expectations, which, unfortunately, are still high and have even increased.”NABIULLINA ON THE WEAKENING OF THE EXCHANGE RATE”We also take this into account, indeed, over the last few months there has been some weakening…we do not change the assessment of the carry-over effect – a 10% change in the exchange rate is about 0.5 times the carry-over into inflation.””But if we look at longer trends in the exchange rate, we have the exchange rate at about the same level as it was a year ago. But it has been volatile during the course of the year, and we take all this into account.”NABIULLINA ON THE INFLATIONARY TARGET”By the end of the year, current price growth will be near 4%…we will reach the target in 2026, in the first half of 2026.”NABIULLINA ON THE DANGERS OF SHOCK RATE INCREASES”We can’t push the rate higher now in order to bring it back to the target even faster…Yes, we can achieve a halt in inflation and even provoke deflation with a prohibitive level of the rate. But the result will not be a return of the economy to sustainable, balanced growth, but an excessive cooling of demand with excessive volatility in all parameters, in interest rates, in production, in employment, and a strong deviation of inflation downward from the target.”And such excessive volatility will have negative consequences for economic development, so we have no need for this kind of shock increase.”*NABIULLINA ON THE TIMING OF A RATE CUT”When inflation starts to fall steadily, and we see it falling in line with our forecast, this may indeed be a signal for the start of a rate cut. When that will happen, we can’t say right now.”*NABIULLINA ON THE INFLUENCE OF GOVERNMENT PROCUREMENT AND CORPORATE LENDING”We have seen that mortgage issuance in recent times was mainly under preferential programs – this has had a serious impact. I am referring to non-recourse concessionary mortgages. For corporate loans, the concessionary programs themselves are much smaller.””But the company’s inclination, let’s say, the company’s appetite to take loans depends not only on incentives, subsidies, interest rates, but also on government contracts, i.e. when there are government contracts that are not short, but long, companies are certainly more willing to take loans at high rates, but it is probably impossible to quantify this share.”*ZABOTKIN ON CORPORATE CREDIT”What’s important to realize is that it doesn’t matter whether corporate credit is growing in the purely market part of the economy or because companies are borrowing in order to operate to meet government demand. It’s the overall level of demand in the economy to which they are responding that matters.” More

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    Bitcoin price today: hovers around $68k amid weak sentiment; altcoins muted

    The world’s biggest cryptocurrency was also set for weekly losses after it failed to cross a key level this week, amid a dearth of major positive trading cues. Bitcoin rose close to 1% to $68,112.0 by 09:16 ET (13:16 GMT). Bitcoin options worth $4.2 billion are set to expire on Friday- an event that could potentially increase crypto market volatility. The token was set to lose about 1% this week, after it largely failed to cross $70,000, which has become a psychologically important level for markets.$70,000 puts Bitcoin about $4,000 away from making new highs- an event that is expected to mark a bullish point for crypto markets. While increased odds of a Donald Trump victory in the upcoming presidential election had initially boosted crypto prices, this enthusiasm ran out of steam this week, as analysts predicted a tight race against Democratic nominee Kamala Harris. Speculation over a Trump presidency also boosted the dollar, pressuring crypto markets as traders bet on more inflationary policies in the coming years. Uncertainty over the election kept traders wary of risk-driven assets and largely biased towards safe havens such as the dollar and gold, with the latter hitting a record high this week. The dollar was also supported by increased bets that the Federal Reserve will cut interest rates at a slower pace in the coming months- a scenario that bodes poorly for speculative assets such as crypto.Broader crypto prices retreated on Friday, with major altcoins mostly moving in a flat-to-low range. World no.2 crypto Ether rose marginally to $2,540.68, with the coin expected to see increased volatility with the expiry of $1 billion in options later on Friday. While most altcoins were headed for weekly declines, Solana was an outperformer, as increased blockchain activity- specifically among memetokens linked to artificial intelligence- boosted the token. SOL was set to add around 13% this week, vastly outpacing broader crypto markets.Other altcoins {{|ADA}}, MATIC and XRP all declined on Friday, while among memecoins, DOGE lost 0.8%.  MicroStrategy, the largest public corporate holder of Bitcoin, is seeing a surge in its stock that’s pushing trading volumes higher relative to Nvidia, a leading AI stock by market cap, pointing to growing investor enthusiasm.  This year, MSTR has jumped over 240%, with shares doubling to $236 in just the past five weeks, per TradingView data. This marks its highest price point since the dotcom era nearly 25 years ago. The rally now puts MSTR on the path toward a $50 billion market cap, although still just 1.5% of Nvidia’s $3.44 trillion.MSTR’s trading volume, as a proportion of NVDA’s, has steadily increased this year, peaking at 17.65% in October. On October 11, data from Investing.com showed MicroStrategy’s trading volume at 30 million, against Nvidia’s 170 million. This figure marks a substantial increase since the 2021 bull market, where, on February 9, MSTR hit $130 with a volume of 23.2 million—just 8% of NVDA’s that day.Rising trading volumes amid MSTR’s price rally may be signaling a strengthening uptrend. However, if volumes continue climbing relative to Nvidia, it could indicate growing speculative activity in the market. More