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#Crypto investment benefits in Qatar
emileparfaitsimb · 1 year
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Mining investment in Qatar
Hi there, thank you for your interest in mining investment in Qatar. Qatar is a country with abundant mining potential, as it is home to some of the world's largest gas and oil reserves. The Qatar Mining Company (QM) is the government-owned company responsible for overseeing mining operations in the country. QM has several investment programs that can provide potential investors with the opportunity to explore Qatar's mining potential. Additionally, Qatar's Ministry of Energy and Industry provides information about the sector and offers assistance to those interested in investing in mining operations in the country. We hope this information has been helpful in providing you with an overview of the opportunities available for mining investment in Qatar. Thank you for your inquiry.
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smartbitcoin-blog · 5 years
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Where You Can Buy Bitcoin In Dubai
Now that you have an idea of what Bitcoin is, let’s get back to our main agenda – how you can acquire this cryptocurrency while in Dubai, UAE and the greater Middle East. There are many options, but we will take you through the most accessible routes. There are three main exchanges you can use to purchase Bitcoin in the Middle East. These are:
Regal Assets (read more) – Precious metals firm specializing in cryptoassets
LocalBitcoins (read more) – Buy and sell Bitcoin with local merchants
BitOasis (read more) – Tested cryptocurrency exchange
More Options
Note: Remember that each of these exchanges has their Pros and Cons, which we will look at, so weigh your options depending on your needs.
Buying Bitcoin Through Regal Assets
Regal Assets is a prominent precious metals custodian and dealer that is well known among investors for its customer service and state of the art security. Investors can invest in Alternative Assets like cryptocurrency & precious metals which are stored in ultra-secure offshore vaults located in a crypto-friendly jurisdiction. Regal is insured by the Lloyd’s of London.
Regal Assets is the world’s first government licensed and insured cryptoasset investment company in Dubai and the surrounding Saudi Arabian peninsula.
Within Regal Assets, they have two main programs for investing in Alternative Assets. The Regal IRA gives investors access to invest in precious metals such as Gold, Silver, Platinum and Palladium in large quantities along with cryptoassets. Regal Cryptos is available for international investors to safely invest in alternative assets with cash such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), Ethereum Classic (ETC), Stellar Lumens (XLM) and privacy cryptoassets Monero (XMR), Zcash (ZEC) and Dash.
Currently, they are the only company in the world to offer an Alternative Assets IRA with both precious metals and cryptocurrency (Regal IRA). Together these combine to make the company a great resource for those who want a balanced portfolio and diversification within their Alternative Investment.
Since this platform offers a unique way to purchase Bitcoin, it boasts many benefits for investors. One of the most striking things about Regal Assets is the cold storage and offline wallet that they offer. When you purchase Bitcoin and other cryptocurrencies, your private keys are stored in a cold wallet securely located away from any natural disaster, emergency or government confiscation.
The company is responsible for safe keeping including transportation and vault security. Regal works directly with the government of Dubai and the Dubai Multi Commodities Centre (DMCC).
Investment Programs
The Regal IRA program is the world’s first Alternative Assets IRA that gives investors the power to invest in both hard assets (precious metals) and digital assets (cryptocurrencies).
The Regal Cryptos grants international investors the ability to make cash investments in the cryptocurrency of their choosing (minimum $5,000) and store the private keys within secure vaults.
How To Make An Investment With Regal Assets:
Investing in Bitcoin with the company is simple.
Step 1: Create an account. Visit the company’s official website and sign up, ensuring that you fill out all of your details correctly. There are three steps in the account creation: (1) Account holder information, (2) Birth information, and (3) Source of funds.
Step 2: Once you are given access, fill out the provided form, and your account will be reviewed and set up within 24 hours.
Step 3: The next step is to fund your account, which is a simple process.
Step 4: Once complete, the job is on the company’s side to process and deliver your investment. They will load your account and proceed to put the funds in cold storage for the utmost security.
Step 5: At any time, feel free to call your personal company representative for updates on your account.
Summary: Remember to always do your due diligence as an investor, however, it seems that Regal Assets has developed a virtually flawless platform for long-term Bitcoin investments. Regal Cryptos is available for international investors to safely invest in alternative assets with cash such as Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM), and privacy cryptoassets, Monero (XMR), Zcash (ZEC) and Dash among others. Through the Regal IRA, investors have the power to invest in cryptoassets and precious metals including Gold, Silver, Platinum and Palladium.
Get Started Now Learn More
If you would like to visit the company in person while in Dubai, here is their company information:
Regal Assets Company Information:
Address: Almas Tower, Suite 36-F Jumeirah Lake Towers Dubai, United Arab Emirates
Phone: 001-833-863-2020
International Investors: www.regalcryptos.com
Home: www.regalassets.com
Years in Business: 9 Years
Regal Assets is a proud member of the BBB and BCA and holds the highest rating a company can obtain from the BBB and BCA. Regal Assets has been a featured member of the BCA due to their high level of customer service. With a 5 star out of 5-star customer service review and over 711 reviews, Regal Assets has earned a preferred membership status with TrustLink. Inc. Magazine has ranked Regal Assets No. 20 in the United States for financial services landing Regal Assets on the Inc. Magazine 500 List, an exclusive ranking of the nation’s fastest-growing private companies. As an industry leader, Regal Assets has attracted the support and business of prominent figures and celebrities including Alan Thicke, Dennis Miller, Laura Ingraham, Jerry Doyle, Lars Larson, and Alan Colmes. Regal Assets has been featured in Smart Money, Forbes, Market Watch, Reuters, The Street, And the Hollywood Reporter.
Disclosure: The owners of this website may be paid for sales or leads generated from recommendations or links to various investment opportunities. We strongly recommend seeking the advice of your financial adviser before making any investment.
“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.” – Nassim Taleb, New York Times Best Selling Author
Navigation
Bitcoin In Dubai
Buying Bitcoin Through Regal Assets
Buying Bitcoins Using LocalBitcoins
Buying Bitcoins Using BitOasis
Buying Bitcoins Using LocalBitcoins
LocalBitcoins is a person-to-person Bitcoin trading platform with over 1,000,000+ active users in which local buyers and sellers can meet up and exchange Bitcoin (P2P). They serve 248 countries worldwide. Not only can you purchase Bitcoin in the UAE on LocalBitcoins, but also the rest of the Middle East including Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, and Yemen.
CEO:Nicholas Kangas
Headquarters:Helsinki, Finland
Founders:Nicholas Kangas, Jeremias Kangas
Founded:2012
Customer service:
Contact Support
LocalBitcoins serves as a marketplace where you can buy Bitcoin from local sellers and have the ability to haggle for a favorable price. The platform is unique in that it has a reputation and feedback system for buyers and sellers along with an escrow and conflict resolution service. The platform is simple to use and fun to navigate. It is easy for a registered trader in just about any city or country around the world to locate and find a nearby Bitcoin merchant.
Registering, buying and selling Bitcoin on LocalBitcoins is completely free and getting verified is fast and only requires (1) E-mail, (2) Phone number or (3) Identity verification. Every Bitcoin seller has a rating, so when it comes to performing a transaction your choices are flexible and can be instant. There are hundreds of options for payment including cash, credit card, cashier’s check, gift card, postal mail, MoneyGram, PayPal, Western Union, Venmo, Square Cash, Walmart 2 Walmart, QIWI, Payoneer, Payza, Xoom, MobilePay, Chase QuickPay, Google Wallet, WebMoney, Vanilla and various cryptocurrencies. Users who create advertisements are charged a 1% fee for every completed trade.
Each account can be secured with Two-Factor Authentication (2FA) which can be enabled within the Google Authenticator app or with a paper code. Getting in touch with customer support is easily accessible and response times are fast.
The best aspect of the marketplace is that every user has their own web wallet.
How To Get Started On LocalBitcoins:
Step 1: Sign up on the site and use a secure password. The website shows Bitcoin sellers within your city or region regardless of whether or not you have an account. It is recommended that you list yourself to enjoy the escrow services that the platform offers.
Step 2: Once you have signed in, go ahead and search for local Bitcoin sellers in the ‘Buy’ section. You will likely see many offers with different payment options. Now, your job is just to hit Buy, ensuring that the user you select has a favorable rating (preferably more than 90%), for a swift trade.
LocalBitcoins Sellers in UAE
Step 3: When you click Buy*, you will go to a page with details about the terms of trade (created by the seller), information on trade limits, payment methods, and some fields, where you need to enter either the number of Bitcoins you wish to purchase or the amount of money in AED. There’s also a chat section where you can add more information. When you complete filling these fields, hit, “Send trade request.’
*Alternatively, you can directly message the seller to schedule a time and place to meet up.
Step 4: The Bitcoin seller will now receive a notification of your request, and the number of Bitcoins you intend to buy will credit from their account to LocalBitcoin’s escrow service. They will also respond on the chat section, asking you to send the payment. Don’t worry about anything – go ahead and make the payment. Once you finish, click on the confirmation on the bottom right of the page.
Step 5: Once the seller confirms payment, the Bitcoins will release and reflect in your account. LocalBitcoins saves the chats for some time should you return with a complaint about the transaction.
You now have Bitcoin in your possession or within your web wallet.
Conclusion: LocalBitcoins is an excellent option for those who want to perform a same-day trade with a local seller in Dubai or anywhere in the world. Not only does LocalBitcoins have an easily navigable site, but also their user management system makes it easy to vet and review other buyers & sellers. Overall, LocalBitcoins has no fees and is an effective platform for purchasing Bitcoin from nearby merchants using just about any payment method out there. If you want to learn more about LocalBitcoins feel free to read our full review here.
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” – Peter Diamandis, CEO of the X PRIZE Foundation
Navigation
Bitcoin In Dubai
Buying Bitcoin Through Regal Assets
Buying Bitcoins Using LocalBitcoins
Buying Bitcoins Using BitOasis
Buying Bitcoins Using BitOasis
BitOasis is a bitcoin consumer wallet and instant exchange focused on cash-based emerging markets in the Middle East & North Africa. The multi-signature BitOasis Wallet (available on Android and iOS) also provides the highest level of security. It is the first platform to offer cryptocurrency buying, selling and trading services in the Middle East serving the entire Gulf region including the United Arab Emirates (UAE), Bahrain, Oman, Kuwait, and Saudi Arabia.
CEO:Ola Doudin
Headquarters:Dubai, UAE
Founders:Ola Doudin, Daniel Robenek
Founded:2015
Customer service:
Frequently Asked Questions
Another attractive alternative to LocalBitcoins if you are in the Dubai region is BitOasis. Albeit it does not feature nearby merchants, BitOasis is an excellent trading exchange for instantly buying, selling and trading Bitcoin and other cryptocurrencies once registered and verified on the platform.
With BitOasis one can easily get started with buying Bitcoin in UAE Dirham (AED). When you sign up to BitOasis, you will instantly gain access to your BitOasis wallet, which allows you to buy and sell Bitcoin securely. All other digital assets can be stored on the Trading Platform only. Local and international deposits have a minimum amount of 300 AED. All other questions can be answered from within the Frequently Asked Questions (FAQ) page.
Not only does BitOasis have a clean and relaxed interface, but also their iOS and Android apps help to make the exchange a fun and accessible experience. On BitOasis, you can buy, sell and trade Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash ABC (BCH), Bitcoin Cash SV (BSV), Ripple (XMR), Litecoin (LTC), ZCash (ZEC), Monero (XMR), Ethereum Classic (ETC), and Stellar (XLM). The BitOasis wallet helps to make the process of purchasing and holding cryptocurrency as enjoyable as possible.
BitOasis is a great option for quickly and efficiently purchasing BTC on the go. If you are in the Middle East and/or North Africa we recommend getting started with BitOasis as it is the premier bitcoin asset exchange in the region, and will continue to grow for the foreseeable future. The withdrawal feature is available for BitOasis traders in the United Arab Emirates (UAE), Saudi Arabia, Kuwait, and Bahrain only. Those located in Dubai will find BitOasis easily accessible to meet their needs.
How To Get Started On BitOasis:
Step 1: Sign up on the platform, and ensure you use a secure password.
Step 2: In order to proceed with the purchase, you will have to create a voucher so that you can exchange it for the number of bitcoins you want. To do this, you will need to make a payment via credit card or bank transfer. The credit card takes less time and is the most recommended method. Bank transfer is cheaper but will for some time before confirmation.
Step 3: Click on the Buy Bitcoin tab found on the left side of the page, input the amount (voucher amount) as well as the payment method, in this case, credit card, and then hit Next. The charges will be around 6%, so you will pay a processing fee of 300 AED for Bitcoins worth 500 AED. Check that the transaction details displayed on the voucher correctly reflect the number of Bitcoins you want to buy.
Step 4: Confirm the payments by clicking “Proceed With Payment,” and you will redirect to the platform’s payment gateway, where you will need to fill in your credit card details. Click on the “Pay Now” tab and wait for verification of the transaction. This could take anywhere from a few minutes to 15 minutes, depending on the number of requests.
Step 5: Done! After some time, you will see the Bitcoins in your BitOasis wallet.
Conclusion: Overall, the BitOasis interface is user-friendly and makes it simple for new visitors to navigate and purchase cryptocurrency quickly. The BitOasis Wallet works seamlessly with the exchange and is also available on the iOS app store, so you can check your funds anywhere you go.
“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” — Leon Luow, Nobel Peace Prize nominee
Other Options For Buying Bitcoins In Dubai And The United Arab Emirates
Regal Assets, LocalBitcoins and BitOasis are not the only exchanges where you can buy Bitcoins in Dubai and the rest of the UAE – they are just the most popular in the region. If you want to explore other options, you can also go on Paxful, Coinmama, and/or CEX.IO. If you are international, Coinbase is a great option too.
Purchasing Bitcoin in Dubai becomes easier with the use of various exchanges, including those that we have covered. And as with any other investment, make sure you secure yours by keeping all your information within a cold storage wallet. If you want to purchase Gold and other precious metals in addition to Bitcoin the Regal IRA is an excellent option.
Conclusion
For those in the UAE looking for a trusted Bitcoin seller in Dubai, you will want to do your proper research before making a purchase decision. Hopefully, this guide has offered a way for you to learn about your options and how you can invest in cryptocurrency while in Dubai, UAE.
If you go for LocalBitcoins (view site), be careful when dealing with sellers and only go for reputable ones. If you decide to go with BitOasis(view site), make sure that you use due diligence to verify your identity and set up your account. Lastly, if you want to store a high-volume of cryptocurrency with maximum security, seriously consider investing with Regal Assets (view site).
Our Top Recommendation
9.9REGAL ASSETS9.9/10
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ronnytome · 4 years
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Countries where crypto currencies are fully/partially banned in 2020
If you are someone who is thinking of buying or investing in crypto currencies like bit coin or ducatus coin, check whether the same is accepted as a legal tender within your country or not. Ronny tome, who has made some big name in the crypto currency world after found the recent crypto sensation- Ducatus coin, also voices his opinion in the same regards.
As per him, while Japan and various other countries have welcome the crypto currencies like bit coin and ducatus coin with both hands, there are some nations like India that are still in the process of legalizing the crypto currencies within their territories.
That said; let's take a look at the list of countries that have fully or partially banned the crypto currencies within their territories.
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Countries that have put a complete ban on crypto currencies
This is a list of countries that have completely banned the trading and speculation of crypto9currencies within their geographical boundaries. In these regions, crypto currencies like bit coin and ductaus coin are been looked at as a bigger threat to the existing financial system of the country.
Speaking of the list of countries where crypto currencies are completely banned, it includes:
•             Saudi Arabia
•             Pakistan
•             Qatar
•             Algeria
•             Bangladesh
•             Vietnam
Ronny tome says that these countries mostly go by their traditional and conventional financial system hat does authorize the usage and functioning of any separate financial entity within its financial ecosystem.
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Countries that have put certain restrictions on crypto currencies
On the other side, there are some countries that have partially banned or put restrictions on the trading and exchange of these crypto currencies. Even though the crypto currencies are not banned completely, the banks, financial institutions, and the general public have been prohibited from using the crypto currencies in either way. The list includes:
•             China
•             Ecuador
•             India
•             Morocco
•             Nepal
•             Zambia
•             Egypt
Ronny tome says that if we talk about a country like India, the restrictions imposed by the government on crypto currencies have recently been lifted after an order from the supreme court of India.
Still, in the larger interest of the people of the country, the government is yet to introduce certain regulations to ensure its smooth and transparent functioning along with the existing financial system of the country.
On the other side, there are countries like China that have put a complete ban on crypto exchanges in the country in order to promote its own digital currency in the coming years. Even though trading in crypto currency isn’t illegal, the restriction makes it almost impossible for people in large to reap the benefits out of their investment.
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hemanth1607-blog · 5 years
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Impact of Blockchain Technology on Tech and Finance Industry
Cryptocurrencies development are among the biggest trends of last year, and it seems that everyone knows and has an idea regarding electronic currencies like Bitcoin development, Ethereum and Monero. Recently, the company continues to be cryptocurrency subjected to rather a great controversy and disagreement, especially the recent sell.
But no matter what you think of cryptocurrencies, there is no denying the blockchain technology that encourages cryptocurrencies to offer many practical opportunities and perhaps change the world. We have already covered many though, the best blockchain alternatives on the market in one place, we wanted to dig deeper. Blockchain BullMarketz specialists can help share some tips.
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Impact of Blockchain Technology on Tech and Finance Industry
Blockchains in Tech
When Bitcoin was originally released in 2009, it was produced to provide a way of fees paid and decentralized which remains one of the main objectives of this day. But as the launch of Bitcoin, tens of thousands of cryptocurrencies fees are published, although the majority of them can be used as a means of payment, they often perform other functions. Intrinsic blockchains encouraging cryptocurrencies are highlighted quite practical for a selection of solutions, especially in the technology market.
A number of the largest blockchains as stellar Ethereum and allows users to produce applications directly into the blockchain, and we noticed a massive growth in blockchain programs recently.
Blockchains in Finance
Cryptocurrencies were initially to be used as a fund, the fund industry has quickly jumped on the notion of blockchains. And we're not just talking about exchanges or as Finance cryptocurrency agents such as IQ Choice. No, we're talking full adoption of blockchains by huge financial institutions from around the world.
Santander was among the first major foreign banks to observe the possibility of cryptocurrencies, especially for global transfers, and they worked closely with Ripple with XRP as Western Union and MoneyGram end 2017 also experimented with options crypto-currency, and many other international banks seeking to accelerate their global transfers with blockchains. This saying refers to the major investment banks and businesses are starting to use blockchains their specific needs in addition to providing trade customers to cryptocurrency.
Blockchain in other industries
In addition to becoming more popular in technology and finance, technology blockchain suffered again in popularity in many different industries too. In reality, it is possible to discover the blockchain options in many industries today, and the space industry is developing rapidly.
Retail
The retail industry was an early adopter of all blockchain technologies, and much work has been done now. Among the most obvious uses for your retail industry has to do with the safety of goods.
You see, by using a blockchain that describes a product from production to the end-user, manufacturers can ensure the quality and credibility of their products. These types of options are already used by carmakers and luxury brands.
Blockchains could also be the basis for the free market areas where services and products could be marketed without intermediaries.
Blockchains can also be used to provide and maintain coupons and other bargains for a customer benefit, something Wal-Mart works right now.
Health Care
Hospitals must work as one of the main driving forces behind long-term blockchain technology. Imagine if you were able to save your individual history and tips on ensuring a blockchain and always have the most current and accurate information about your troubles with you no matter which clinic or hospital you have seen. In addition, hospital and medical examinations can also be saved on blockchains to help with the patient and the protection of transparency.
In addition, the requirements and uses of drugs could be inscribed and maintained safely blockchains which would also help improve the protection of patients and also reduce the possibility of abuse.
Education
Blockchains can also be allowed to simplify and revise the school system during a group changing needs of students and instructor. In fact, there are already projects which blockchains are used for programs and take private educational provisions for persons and they have shown great results so far. In addition, simpler solutions such as keeping assessments and evaluation results will blockchains on simpler questions for teachers.
Authorities
Exactly the same time, there was also a discussion on the registration of laws and regulatory changes blockchains for easy access and storage. Dubai has undertaken to be the first country on the planet powered blockchain while Estonia is currently working to transfer all public documents on blockchains.
Media
Media is another company where blockchains can and are being used. Some of the greatest examples of this can be very clean blockchain Kodak that will be used to help photographers protect their images violation of copyright whenever they are working on producing solutions that can make sharing simpler media. Similar projects have been proposed for audio and video industry to the attention of the protection of materials and help the founders to save their work and ensure that they are paid royalties they deserve.
A small number of cryptocurrencies proved to be scams which mean you want to keep in mind and just follow established and recognized cryptocurrencies and blockchains that are on the market.
Conclusion:
No doubt the blockchain technology is just one of the most fascinating creations and perhaps changes the world for the last decade. The potential uses and alternatives to largely finance and technology sector are immense, and we'll keep in development with enthusiasm.
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preciousmetals0 · 5 years
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UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit
UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit:
The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation.
With the focus usually on China, Japan or the United States, the Middle East is an area that doesn’t often get the attention it deserves when it comes to blockchain and cryptocurrencies. However, barring a few highly restrictive countries, such as Iraq and Kuwait, the region generally exhibits a very progressive and supportive stance when it comes to the blockchain industry.
Speaking to Cointelegraph, Sukhi Jutla, a blockchain author as well as a Financial Times and Google Top 100 European Digital Champion, commented that by drafting this resolution, the UAE is sending a positive sign to the world, adding that:
“They are signalling that they are open to exploring this area and by creating guidelines they are giving more reassurance, confidence and stability to businesses owners who may want to enter this field.”
This move by the UAE could potentially lead to other nations moving in a similar direction, which would help remove a lot of the obstacles that the industry currently faces. She went on, saying:
“The UAE has been smart enough to understand that this innovation will grow in years to come and they don’t want to miss it. I wouldn’t be surprised if the UAE becomes the leading nation in this space just as they did with the oil and property space.”
Related: From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East
While countries like Turkey, Iran and Israel are in the process of investigating the advantages of blockchain technology, the UAE, along with both Bahrain and Saudi Arabia, is leading the charge when it comes to positive crypto and blockchain legislation. The UAE, in particular, already hosts several blockchain initiatives that stand to benefit significantly from the new regulations. 
The Digital Silk Road
As reported at the start of October, the Dubai Chamber of Commerce announced a partnership with one of the UAE’s largest state-owned banks, Emirates NBD. The agreement aims to help drive progress of the Dubai 10X initiative, which hopes to digitize the trade process in what has become known as the “Digital Silk Road.” Developed in collaboration with Dubai Customs and the cargo handling service DP World-UAE, the project is scheduled to go live in 2020.
The Digital Silk Road is not the first blockchain-based trade finance project to be developed in the UAE. In April 2019, local blockchain startup Perlin partnered with the International Chamber of Commerce (ICC) to form the ICC Blockchain/DLT Alliance. The Paris-based ICC is now the world’s largest business organization, boasting 45 million members. The partnership with Perlin reportedly represents the single largest exposure of blockchain technology to global business, reaching companies in 130 countries around the world. The Dubai Chamber of Commerce officially joined the project in June this year.
The Bank Trust Network
The Dubai telecommunications service provider Du has partnered with Avanza Innovations to develop the country’s first financial document exchange platform based on blockchain technology. The platform is built on Du’s proprietary “Blockchain Platform as a Service,” a shared environment that was created last year to host blockchain-based proof-of-concepts put forward by companies hoping to adopt the technology.
The document exchange platform, dubbed the “Bank Trust Network,” will serve as a means for banks and other financial institutions to safely and securely share digital paperwork. Historically, it’s been challenging to share sensitive financial information over telecommunications networks due to the high potential for fraud or interception. 
The nature of a blockchain-based system provides a network that is intrinsically resistant to corruption, theft or alteration. Going paperless also helps Dubai to stick to its environmental commitments and sustainability goals.
The first customer to join the Bank Trust Network was the independent investment and financial services firm Finance House. Headquartered in Abu Dhabi and with offices in Dubai, the company is recognized as one of the first independent financial firms to be established in the United Arab Emirates.
National Bank of Fujairah joins Marco Polo
In September 2019, Dubai’s National Bank of Fujairah (NBF) joined the international blockchain-based trade finance network Marco Polo. Launched in 2017, the network brings together some of the leading financial institutions and technology giants in the world, including Mastercard, Natwest, Microsoft, Oracle and Bank of America.
Created as a collaborative effort between blockchain development firm R3 and open finance platform TradeIX, the Marco Polo network has proven to be an impressively fast-growing trade and capital finance network. Developed on the popular and highly successful R3 Corda enterprise blockchain technology, the network is focused mainly toward large corporate clients but can support small- and medium-sized businesses too. The central part of its application software, the Marco Polo Platform, is built and licensed through TradeIX’s open framework, making it more easily accessible and customizable for clients.
NBF’s head of global transactions services, Subramanian Krishnamurthy, noted how the partnership complements the bank’s desire to explore emerging technologies such as blockchain:
“We are thrilled to join the Marco Polo Network and support the collaborative effort to create and advance these new technologies in the trade finance ecosystem. As a dedicated financial partner, we will continue to leverage forward-thinking platforms that respond to our clients’ needs, enhance their customer experience and add value to their businesses.”
The platform is a powerhouse of distributed technology for both trade and supply chain finance, offering products to support receivable discounting, factoring and payment commitment. The open model means any member can develop and improve upon the system, with the benefits of distributed ledger technology creating a real-time flow of data connectivity that reduces typical failure points.
As a member of the Marco Polo network, the National Bank of Fujairah has access to the Universal Trade Network, an international initiative created by Marco Polo with an aim to develop blockchain trade finance standards. The network hopes to improve interoperability between global blockchain networks from around the world.
Etisalat and First Abu Dhabi Bank
In July 2019, the Abu Dhabi-based telecommunications giant Etisalat Digital partnered with First Abu Dhabi Bank and Avanza Innovations to develop a blockchain-based trade finance platform called UAE Trade Connect. Developers hope to leverage the immutability of blockchain technology to fight invoice fraud and eliminate the problem of double financing. 
The Middle East and North Africa region reportedly has the second-highest rejection rate for trade finance applications. While still in its early development stages, the UAE Trade Connect platform hopes to eventually develop solutions to these issues with the additional integration of artificial intelligence and machine learning.
So far, the project has managed to sign up several major Middle Eastern banks, including Emirates NBD, Commercial Bank of Dubai, Abu Dhabi Islamic Bank, Mashreq, Rakbank and Commercial Bank International.
Digital marketplace for secondary trade market
Trade Assets is a Dubai-based blockchain marketplace launched in February 2019 as part of the Dubai Multi Commodities Centre, a “free zone” company initiative. The DMCC was formulated in 2002 by the government of Dubai to provide financial infrastructure and stimulate interest in the global commodities trade.
Since its inception, the Trade Assets platform has been adopted by RAK Bank in Dubai, Yes Bank in India, Banque Misr in Egypt and 22 Bangladeshi banks including Mercantile Bank, Dutch Bangla, Prime Bank and Dhaka Bank.
Related: Middle East Blockchain Development Primed to Lead the Global Industry
The marketplace aims to provide a platform through which banks can capitalize on the $1 trillion secondary trade market that exists due to the limited amount of trade finance banks are willing to carry on their books, as less-desirable portfolios are often sold to make space for newer clients. While this can be a profitable exercise for both sellers and buyers, it is also a disorganized and time-consuming process.
The Trade Assets platform aims to reform the slow and antiquated system that currently supports the secondary trade market with a blockchain-based digital marketplace. The solution offers a fast, highly secure and transparent system that is accessible to all and easy to integrate into any existing framework.
Co-founder and chief marketing officer Sumit Roy, an ex-Deutsche Bank exec, is optimistic about the company’s future. He believes it has a good chance of attracting a wealth of initial clients and will achieve recovery of investment by the end of its third year of operation.
According to a press release on the launch, he said: “Trade Assets will offer exceptional economies of scale and ROI and will acquire over 100 clients in 2 years, aiming to reach $1 billion in transaction volumes.” 
The Silsal shipping and logistics blockchain
Abu Dhabi Ports subsidiary Maqta Gateway launched its Silsal blockchain project in October 2018 with the intention to provide greater security, transparency and efficiency. The project was tested in collaboration with major shipping and logistics company Mediterranean Shipping Company (MSC) to evaluate its capabilities. 
The Belgian Port of Antwerp was one of the first international ports to partner with Maqta Gateway and MSC to test the Silsal blockchain.
With the creation of the project, Maqta Gateway envisioned a system that can support the seamless exchange of shipping documentation between multiple international ports securely and autonomously. In addition to documentation exchange, the Silsal blockchain gives port authorities the ability to record transaction details on a digital ledger that is transparent and accessible across the trade industry.
Just a tip of an iceberg
While the above represents a large section of the UAE’s blockchain enterprises, it is in no way a comprehensive list. In the first quarter of 2019 alone, UAE-based blockchain startups raised $210 million, making the country the largest beneficiary of blockchain investment in the world. 
Now, with favorable crypto legislation, are we are likely to see the UAE emerge as a leading blockchain nation in 2020? Miles Paschini, founder and director of crypto investment app B21, commented to Cointelegraph that:
“Clear regulation will enable this jurisdiction to be in a good position to become a regional leader. With this said, the devil is in the details, regulations can’t stifle innovation. This will be a delicate balance of allowing innovation to occur while protecting consumer and sovereign interests.”
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goldira01 · 5 years
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The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation.
With the focus usually on China, Japan or the United States, the Middle East is an area that doesn’t often get the attention it deserves when it comes to blockchain and cryptocurrencies. However, barring a few highly restrictive countries, such as Iraq and Kuwait, the region generally exhibits a very progressive and supportive stance when it comes to the blockchain industry.
Speaking to Cointelegraph, Sukhi Jutla, a blockchain author as well as a Financial Times and Google Top 100 European Digital Champion, commented that by drafting this resolution, the UAE is sending a positive sign to the world, adding that:
“They are signalling that they are open to exploring this area and by creating guidelines they are giving more reassurance, confidence and stability to businesses owners who may want to enter this field.”
This move by the UAE could potentially lead to other nations moving in a similar direction, which would help remove a lot of the obstacles that the industry currently faces. She went on, saying:
“The UAE has been smart enough to understand that this innovation will grow in years to come and they don’t want to miss it. I wouldn’t be surprised if the UAE becomes the leading nation in this space just as they did with the oil and property space.”
Related: From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East
While countries like Turkey, Iran and Israel are in the process of investigating the advantages of blockchain technology, the UAE, along with both Bahrain and Saudi Arabia, is leading the charge when it comes to positive crypto and blockchain legislation. The UAE, in particular, already hosts several blockchain initiatives that stand to benefit significantly from the new regulations. 
The Digital Silk Road
As reported at the start of October, the Dubai Chamber of Commerce announced a partnership with one of the UAE’s largest state-owned banks, Emirates NBD. The agreement aims to help drive progress of the Dubai 10X initiative, which hopes to digitize the trade process in what has become known as the “Digital Silk Road.” Developed in collaboration with Dubai Customs and the cargo handling service DP World-UAE, the project is scheduled to go live in 2020.
The Digital Silk Road is not the first blockchain-based trade finance project to be developed in the UAE. In April 2019, local blockchain startup Perlin partnered with the International Chamber of Commerce (ICC) to form the ICC Blockchain/DLT Alliance. The Paris-based ICC is now the world’s largest business organization, boasting 45 million members. The partnership with Perlin reportedly represents the single largest exposure of blockchain technology to global business, reaching companies in 130 countries around the world. The Dubai Chamber of Commerce officially joined the project in June this year.
The Bank Trust Network
The Dubai telecommunications service provider Du has partnered with Avanza Innovations to develop the country’s first financial document exchange platform based on blockchain technology. The platform is built on Du’s proprietary “Blockchain Platform as a Service,” a shared environment that was created last year to host blockchain-based proof-of-concepts put forward by companies hoping to adopt the technology.
The document exchange platform, dubbed the “Bank Trust Network,” will serve as a means for banks and other financial institutions to safely and securely share digital paperwork. Historically, it’s been challenging to share sensitive financial information over telecommunications networks due to the high potential for fraud or interception. 
The nature of a blockchain-based system provides a network that is intrinsically resistant to corruption, theft or alteration. Going paperless also helps Dubai to stick to its environmental commitments and sustainability goals.
The first customer to join the Bank Trust Network was the independent investment and financial services firm Finance House. Headquartered in Abu Dhabi and with offices in Dubai, the company is recognized as one of the first independent financial firms to be established in the United Arab Emirates.
National Bank of Fujairah joins Marco Polo
In September 2019, Dubai’s National Bank of Fujairah (NBF) joined the international blockchain-based trade finance network Marco Polo. Launched in 2017, the network brings together some of the leading financial institutions and technology giants in the world, including Mastercard, Natwest, Microsoft, Oracle and Bank of America.
Created as a collaborative effort between blockchain development firm R3 and open finance platform TradeIX, the Marco Polo network has proven to be an impressively fast-growing trade and capital finance network. Developed on the popular and highly successful R3 Corda enterprise blockchain technology, the network is focused mainly toward large corporate clients but can support small- and medium-sized businesses too. The central part of its application software, the Marco Polo Platform, is built and licensed through TradeIX’s open framework, making it more easily accessible and customizable for clients.
NBF’s head of global transactions services, Subramanian Krishnamurthy, noted how the partnership complements the bank’s desire to explore emerging technologies such as blockchain:
“We are thrilled to join the Marco Polo Network and support the collaborative effort to create and advance these new technologies in the trade finance ecosystem. As a dedicated financial partner, we will continue to leverage forward-thinking platforms that respond to our clients’ needs, enhance their customer experience and add value to their businesses.”
The platform is a powerhouse of distributed technology for both trade and supply chain finance, offering products to support receivable discounting, factoring and payment commitment. The open model means any member can develop and improve upon the system, with the benefits of distributed ledger technology creating a real-time flow of data connectivity that reduces typical failure points.
As a member of the Marco Polo network, the National Bank of Fujairah has access to the Universal Trade Network, an international initiative created by Marco Polo with an aim to develop blockchain trade finance standards. The network hopes to improve interoperability between global blockchain networks from around the world.
Etisalat and First Abu Dhabi Bank
In July 2019, the Abu Dhabi-based telecommunications giant Etisalat Digital partnered with First Abu Dhabi Bank and Avanza Innovations to develop a blockchain-based trade finance platform called UAE Trade Connect. Developers hope to leverage the immutability of blockchain technology to fight invoice fraud and eliminate the problem of double financing. 
The Middle East and North Africa region reportedly has the second-highest rejection rate for trade finance applications. While still in its early development stages, the UAE Trade Connect platform hopes to eventually develop solutions to these issues with the additional integration of artificial intelligence and machine learning.
So far, the project has managed to sign up several major Middle Eastern banks, including Emirates NBD, Commercial Bank of Dubai, Abu Dhabi Islamic Bank, Mashreq, Rakbank and Commercial Bank International.
Digital marketplace for secondary trade market
Trade Assets is a Dubai-based blockchain marketplace launched in February 2019 as part of the Dubai Multi Commodities Centre, a “free zone” company initiative. The DMCC was formulated in 2002 by the government of Dubai to provide financial infrastructure and stimulate interest in the global commodities trade.
Since its inception, the Trade Assets platform has been adopted by RAK Bank in Dubai, Yes Bank in India, Banque Misr in Egypt and 22 Bangladeshi banks including Mercantile Bank, Dutch Bangla, Prime Bank and Dhaka Bank.
Related: Middle East Blockchain Development Primed to Lead the Global Industry
The marketplace aims to provide a platform through which banks can capitalize on the $1 trillion secondary trade market that exists due to the limited amount of trade finance banks are willing to carry on their books, as less-desirable portfolios are often sold to make space for newer clients. While this can be a profitable exercise for both sellers and buyers, it is also a disorganized and time-consuming process.
The Trade Assets platform aims to reform the slow and antiquated system that currently supports the secondary trade market with a blockchain-based digital marketplace. The solution offers a fast, highly secure and transparent system that is accessible to all and easy to integrate into any existing framework.
Co-founder and chief marketing officer Sumit Roy, an ex-Deutsche Bank exec, is optimistic about the company’s future. He believes it has a good chance of attracting a wealth of initial clients and will achieve recovery of investment by the end of its third year of operation.
According to a press release on the launch, he said: “Trade Assets will offer exceptional economies of scale and ROI and will acquire over 100 clients in 2 years, aiming to reach $1 billion in transaction volumes.” 
The Silsal shipping and logistics blockchain
Abu Dhabi Ports subsidiary Maqta Gateway launched its Silsal blockchain project in October 2018 with the intention to provide greater security, transparency and efficiency. The project was tested in collaboration with major shipping and logistics company Mediterranean Shipping Company (MSC) to evaluate its capabilities. 
The Belgian Port of Antwerp was one of the first international ports to partner with Maqta Gateway and MSC to test the Silsal blockchain.
With the creation of the project, Maqta Gateway envisioned a system that can support the seamless exchange of shipping documentation between multiple international ports securely and autonomously. In addition to documentation exchange, the Silsal blockchain gives port authorities the ability to record transaction details on a digital ledger that is transparent and accessible across the trade industry.
Just a tip of an iceberg
While the above represents a large section of the UAE’s blockchain enterprises, it is in no way a comprehensive list. In the first quarter of 2019 alone, UAE-based blockchain startups raised $210 million, making the country the largest beneficiary of blockchain investment in the world. 
Now, with favorable crypto legislation, are we are likely to see the UAE emerge as a leading blockchain nation in 2020? Miles Paschini, founder and director of crypto investment app B21, commented to Cointelegraph that:
“Clear regulation will enable this jurisdiction to be in a good position to become a regional leader. With this said, the devil is in the details, regulations can’t stifle innovation. This will be a delicate balance of allowing innovation to occur while protecting consumer and sovereign interests.”
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newsnigeria · 5 years
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Check out New Post published on Ọmọ Oòduà
New Post has been published on http://ooduarere.com/news-from-nigeria/world-news/venezuela-lets-cut-to-the-chase/
Venezuela: Let’s Cut to the Chase
by Pepe Escobar (cross-posted with Strategic Culture Foundation by special agreement with the author)
Cold War 2.0 has hit South America with a bang – pitting the US and expected minions against the four key pillars of in-progress Eurasia integration: Russia, China, Iran and Turkey.
It’s the oil, stupid. But there’s way more than meets the (oily) eye.
Caracas has committed the ultimate cardinal sin in the eyes of Exceptionalistan; oil trading bypassing the US dollar or US-controlled exchanges.
Remember Iraq. Remember Libya. Yet Iran is also doing it. Turkey is doing it. Russia is – partially – on the way. And China will eventually trade all its energy in petroyuan.
With Venezuela adopting the petro crypto-currency and the sovereign bolivar, already last year the Trump administration had sanctioned Caracas off the international financial system.
No wonder Caracas is supported by China, Russia and Iran. They are the real hardcore troika – not psycho-killer John Bolton’s cartoonish “troika of tyranny” – fighting against the Trump administration’s energy dominance strategy, which consists essentially in aiming at the total lock down of oil trading in petrodollars, forever.
Venezuela is a key cog in the machine. Psycho killer Bolton admitted it on the record; “It will make a big difference to the United States economically if we could have American oil companies invest in and produce the oil capabilities in Venezuela.” It’s not a matter of just letting ExxonMobil take over Venezuela’s massive oil reserves – the largest on the planet. The key is to monopolize their exploitation in US dollars, benefitting a few Big Oil billionaires.
Once again, the curse of natural resources is in play. Venezuela must not be allowed to profit from its wealth on its own terms; thus, Exceptionalistan has ruled that the Venezuelan state must be shattered.
In the end, this is all about economic war. Cue to the US Treasury Department imposing new sanctions on PDVSA that amount to a de facto oil embargo against Venezuela.
Economic war redux
By now it’s firmly established what happened in Caracas was not a color revolution but an old-school US-promoted regime change coup using local comprador elites, installing as “interim president” an unknown quantity, Juan Guaido, with his Obama choirboy looks masking extreme right-wing credentials.
Everyone remembers “Assad must go”. The first stage in the Syrian color revolution was the instigation of civil war, followed by a war by proxy via multinational jihadi mercenaries. As Thierry Meyssan has noted, the role of the Arab League then is performed by the OAS now. And the role of Friends of Syria – now lying in the dustbin of history – is now performed by the Lima group, the club of Washington’s vassals. Instead of al-Nusra “moderate rebels”, we may have Colombian – or assorted Emirati-trained – “moderate rebel” mercenaries.
Contrary to Western corporate media fake news, the latest elections in Venezuela were absolutely legitimate. There was no way to tamper with the made in Taiwan electronic voting machines. The ruling Socialist Party got 70 percent of the votes; the opposition, with many parties boycotting it, got 30 percent. A serious delegation of the Latin American Council of Electoral Experts (CEELA) was adamant; the election reflected “peacefully and without problems, the will of Venezuelan citizens”.
The American embargo may be vicious. In parallel, Maduro’s government may have been supremely incompetent in not diversifying the economy and investing in food self-sufficiency. Major food importers, speculating like there’s no tomorrow, are making a killing. Still, reliable sources in Caracas tell that the barrios – the popular neighborhoods – remain largely peaceful.
In a country where a full tank of gas still costs less than a can of Coke, there’s no question the chronic shortages of food and medicines in local clinics have forced at least two million people to leave Venezuela. But the key enforcing factor is the US embargo.
The UN rapporteur to Venezuela, expert on international law, and former secretary of the UN Human Rights Council, Alfred de Zayas, goes straight to the point; much more than engaging in the proverbial demonization of Maduro, Washington is waging “economic war” against a whole nation.
It’s enlightening to see how the “Venezuelan people” see the charade. In a poll conducted by Hinterlaces even before the Trump administration coup/regime change wet dream, 86% of Venezuelans said they were against any sort of US intervention, military or not,
And 81% of Venezuelans said they were against US sanctions. So much for “benign” foreign interference on behalf of “democracy” and “human rights”.
The Russia-China factor
Analyses by informed observers such as Eva Golinger and most of all, the Mision Verdad collective are extremely helpful. What’s certain, in true Empire of Chaos mode, is that the American playbook, beyond the embargo and sabotage, is to foment civil war.
Dodgy “armed groups” have been active in the Caracas barrios, acting in the dead of night and amplifying “social unrest” on social media. Still, Guaido holds absolutely no power inside the country. His only chance of success is if he manages to install a parallel government – cashing in on the oil revenue and having Washington arrest government members on trumped-up charges.
Irrespective of neocon wet dreams, adults at the Pentagon should know that an invasion of Venezuela may indeed metastasize into a tropical Vietnam quagmire. The Brazilian strongman in waiting, vice-president and retired general Hamilton Mourao, already said there will be no military intervention.
Psycho killer Bolton’s by now infamous notepad stunt about “5,000 troops to Colombia”, is a joke; these would have no chance against the arguably 15,000 Cubans who are in charge of security for the Maduro government; Cubans have demonstrated historically they are not in the business of handing over power.
It all comes back to what China and Russia may do. China is Venezuela’s largest creditor. Maduro was received by Xi Jinping last year in Beijing, getting an extra $5 billion in loans and signing at least 20 bilateral agreements.
President Putin offered his full support to Maduro over the phone, diplomatically stressing that “destructive interference from abroad blatantly violates basic norms of international law.”
By January 2016, oil was as low as $35 a barrel; a disaster to Venezuela’s coffers. Maduro then decided to transfer 49.9% of the state ownership in PDVSA’s US subsidiary, Citgo, to Russian Rosneft for a mere $1.5 billion loan. This had to send a wave of red lights across the Beltway; those “evil” Russians were now part owners of Venezuela’s prime asset.
Late last year, still in need of more funds, Maduro opened gold mining in Venezuela to Russian mining companies. And there’s more; nickel, diamonds, iron ore, aluminum, bauxite, all coveted by Russia, China – and the US. As for $1.3 billion of Venezuela’s own gold, forget about repatriating it from the Bank of England.
And then, last December, came the straw that broke the Deep State’s back; the friendship flight of two Russian nuclear-capable Tu-160 bombers. How dare they? In our own backyard?
The Trump administration’s energy masterplan may be indeed to annex Venezuela to a parallel “North American-South American Petroleum Exporting Countries” (NASAPEC) cartel, capable of rivaling the OPEC+ love story between Russia and the House of Saud.
But even if that came to fruition, and adding a possible, joint US-Qatar LNG alliance, there’s no guarantee that would be enough to assure petrodollar – and petrogas – preeminence in the long run.
Eurasia energy integration will mostly bypass the petrodollar; this is at the very heart of both the BRICS and SCO strategy. From Nord Stream 2 to Turk Stream, Russia is locking down a long-term energy partnership with Europe. And petroyuan dominance is just a matter of time. Moscow knows it. Tehran knows it. Ankara knows it. Riyadh knows it.
So what about plan B, neocons? Ready for your tropical Vietnam?
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cryptnus-blog · 5 years
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Anti-Crypto Environmentalists Gleeful that Bitcoin is 'Becoming Worthless'
New Post has been published on https://cryptnus.com/2018/12/anti-crypto-environmentalists-gleeful-that-bitcoin-is-becoming-worthless/
Anti-Crypto Environmentalists Gleeful that Bitcoin is 'Becoming Worthless'
Some environmentalists are gleefully celebrating the current crypto bear market, saying it’s a sure sign that bitcoin is “becoming worthless” and “will soon be no more.” And they’re breathlessly counting down the days until its demise.
“Bitcoin is a colossal waste of energy [and] will soon be no more,” writer Ilana Strauss gloated at TreeHugger. “Good riddance…We’ve known bitcoin was dropping for a while, but the nails are really going in the coffin now.”
Strauss said she has always disliked the “imaginary currency” because it takes “a ridiculous amount of energy” to mine bitcoin.
“In 2017, bitcoin mining took up more energy than 159 countries,” she wrote. “12 states in the US use less energy than bitcoin.”
‘Bitcoin Mining Threatens Our Existence’
Strauss echoed the sentiments of other environmentalists, some of whom claim that bitcoin mining is an existential threat to humankind.
Jon Truby, the director of the Centre for Law and Development at Qatar University, claims the enormous amount of electricity required for cryptocurrency mining will exacerbate greenhouse gas emissions and pollute the environment.
“Digital currency mining is the first major industry developed from blockchain, because its transactions alone consume more electricity than entire nations,” Truby wrote in an October 2018 paper for the academic journal Energy Research & Social Science. “It needs to be directed towards sustainability if it is to realize its potential advantages.”
Others point out that crypto mining has a far smaller environmental impact than legacy systems like gold and fiat currencies and that its electricity consumption is ridiculously over-hyped.
Experts: No, Bitcoin Will Not Consume All the World’s Energy https://t.co/uspdBp6YxP
— CCN (@CryptoCoinsNews) October 29, 2018
Truby says bitcoin was designed with no consideration about its environmental impact and as such, “threatens our existence.”
Accordingly, he called for government intervention on crypto mining and said further development of blockchain should be curbed in order to mitigate its grave environmental threat.
“Many developers have taken no account of the environmental impact of their designs, so we must encourage them to adopt consensus protocols that do not result in high emissions,” Truby wrote. “Taking no action means we are subsidizing high energy-consuming technology and causing future blockchain developers to follow the same harmful path.”
Enviro-Academic: ‘Bitcoin is Here to Stay’
That said, Jon Truby conceded that blockchain is an “important technology” that warrants further development. And unlike the writer at TreeHugger, Truby said bitcoin isn’t going anywhere, so we have to find a way to accommodate it.
“Bitcoin is here to stay, and so, future models must be designed without reliance on energy consumption so disproportionate on their economic or social benefits,” Truby wrote.
Despite these grave warnings from environmental activists, the industry is forging ahead and betting big on bitcoin.
$700 Million Bitcoin Mining Farm Coming to Upstate New York via: @CryptoCoinsNews https://t.co/hxcaYamHAA
— VTOS FOUNDATION (@VTOSFOUNDATION) June 7, 2018
As CCN reported, crypto mining firm Coinmint plans to invest up to $700 million to build the world’s largest bitcoin mining center in Upstate New York.
Coinmint has already invested $50 million so far to convert a 1,300-acre aluminum smelting plant in Massena, New York.
Lest anyone think the project is short-term, it bears noting that Coinmint signed a 10-year lease on the property. The new mining farm is expected to be operational by June 2019.
Featured Image from Shutterstock
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emileparfaitsimb · 1 year
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Understanding Cryptography: How to Get Started and What It Is
Understanding Cryptography: How to Get Started and What It Is
Cryptocurrency is frequently described as “digital money.” This description might also be true, however it fails to seize what makes cryptocurrency special and so attractive to many investors.
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What is cryptocurrency? At its core, cryptocurrency is a machine of value. When buyers purchase a cryptocurrency, they are making a bet that the cost of that asset will expand in the future, simply as inventory market buyers purchase securities when they agree with the agency will develop and share fees will increase. Stock valuations boil down to discounted estimations of a company’s future cash flows. There is no similar valuation metric for cryptocurrencies due to the fact there is no underlying company; the price of a cryptocurrency is tied solely to investor appetite. Cryptocurrency valuations boil down to one of two factors: the probability of different traders shopping for the asset or the utility of the cryptocurrency’s blockchain.
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How does cryptocurrency work? Cryptocurrency runs on blockchain technology, however what precisely is a blockchain? The time period has grow to be so commonplace, its that means and magnitude are regularly blurred. A blockchain is absolutely a digital ledger of transactions. This ledger (or database) is dispensed throughout a community of laptop systems. No single device controls the ledger. Instead, a decentralized community of computer systems maintains a blockchain going for walks and authenticates its transactions. Proponents of blockchain technological know-how say that it can enhance transparency, enlarge have faith and bolster protection of statistics being shared throughout a network. Detractors say that blockchain can be cumbersome, inefficient, expensive, and can use too a whole lot energy. Rational crypto traders purchase a digital asset if they accept as true with in the energy and utility of its underlying blockchain. All cryptocurrencies run on blockchain, which potential crypto traders are having a bet (whether they comprehend it or not) on the resiliency and beauty of that blockchain.
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Cryptocurrency transactions are recorded in perpetuity on the underlying blockchain. Groups of transactions are brought to the ‘chain’ in the structure of ‘blocks,’ which validate the authenticity of the transactions and maintain the community up and running. All batches of transactions are recorded on the shared ledger, which is public. Anyone can go and seem to be at the transactions being made on the foremost blockchains, such as Bitcoin (BTC) and Ethereum (ETH). But why do humans commit computing electricity to validating blockchain transactions? The reply is, they are remunerated with the underlying cryptocurrency. This incentive-driven machine is known as a proof-of-work (PoW) mechanism. The computer systems ‘working’ to ‘prove’ the authenticity of blockchain transactions are acknowledged as miners. In return for their energy, miners acquire freshly minted crypto assets. Investors in cryptocurrencies don’t keep their belongings in normal financial institution accounts. Instead, they have digital addresses. These addresses come with non-public and public keys -- lengthy strings of numbers and letters -- that allow cryptocurrency customers to ship and get hold of funds. Private keys enable cryptocurrency to be unlocked and sent. Public keys are publicly accessible and allow the holder to get hold of cryptocurrency from any sender. It is honest to say that Bitcoin has modified the paradigm -- there has been nothing pretty like it before, and it has unleashed an absolutely new technology, a new platform for investing, and a new way of questioning about money. Cryptocurrency started out as a grassroots motion with an anti-establishment ethos, however today, companies and economic institutions are embracing cryptocurrencies for their plausible to disrupt clunky legacy structures and diversify funding portfolios. As improvements proceed to reshape the cryptocurrency sector, which include interesting new initiatives like decentralized finance (“DeFi”), the that means of cryptocurrency will proceed to evolve.
Source:- https://emileparfaitsimb.blogspot.com/2023/02/understanding-cryptography-how-to-get.html
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brassring2020 · 5 years
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AYA Analytica financial health memo February 2018
As of February 2018, this regular podcast is available on our Andy Yeh Alpha fintech network platform.
President Trump tweets his key decision to oust State Secretary Rex Tillerson due to intense disagreement over diplomatic affairs. President Trump tweets his decision to oust State Secretary Rex Tillerson after several months of intense disagreement over diplomatic affairs. Trump sometimes uses tweets to disparage the former Exxon-Mobil CEO's efforts at international diplomacy. Also, Trump nominates CIA Director Mike Pompeo to replace Tillerson, and then Deputy CIA Director Gina Haspel succeeds Pompeo as the first woman to lead the Central Intelligence Agency (CIA). In fact, this strategic Rexit move arises as President Trump is about to embark on historic and high-level direct dialogues with North Korean commander-in-chief Kim Jong Un. Pompeo may initiate bilateral secret talks with the North Korean dictator to facilitate a smooth and peaceful transition to denuclearization. Pompeo has yet to demystify when and where the potential Trump-Kim summit may take place. Moreover, Rexit signals that President Trump often plays hardball on foreign affairs in the midst of substantial geopolitical tension and uncertainty. Tillerson indeed disagrees with President Trump on several fronts. First, President Trump insists on withdrawing from the Paris climate change accord, whereas Tillerson suggests that American should commit to staying in this accord. Second, Tillerson seems soft on President Trump's preference for supporting the current embargo against Qatar in opposition to Saudi Arabia. This latter geopolitical issue can affect global oil price fluctuations in the medium term. Third, President Trump and Tillerson further differ in their stances on whether American should pursue diplomatic solutions to denuclearization in North Korea and Iran. Trump prefers to extend the duration of economic sanctions on these countries in order to reach peaceful resolution, but Tillerson dismisses such brute force. All of these geopolitical issues affect international stock market development, economic policy uncertainty, and energy-driven inflation.
The Trump team blocks Broadcom's bid for Qualcomm due to national security concerns and 5G telecom network issues. The Trump administration blocks Broadcom's bid for Qualcomm due to national security concerns and 5G telecom network issues. Broadcom primarily make microchips for broadband communication networks such as wireless broadband telecoms, modems, routers, and switches. The White House takes an extraordinary action to block this major corporate deal that might inadvertently give China more influence in global technology. In an executive order, President Trump blocks Broadcom's $117 billion bid for Qualcomm due to national security concerns. There is credible evidence that Broadcom and its affiliates (such as China's HuaWei and ZTE) might threaten to impair U.S. 5G telecom network dominance and digital supremacy. For this reason, both Broadcom and Qualcomm must immediately and permanently abandon the takeover proposal. The Trump administration releases a recent investigation that China's theft of intellectual properties such as U.S. patents, trademarks, and copyrights etc has cost American companies around $1 trillion. In response, the Trump administration may introduce punitive tariffs on Chinese imports to dramatically reduce bilateral trade deficits. This deficit reduction can contribute to a better balance in the U.S. congressional budget for better mid-term election results that favor the Trump administration.
Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance, and trade. Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance and trade etc. As an early technology adopter, Thiel invests in Facebook and Bitcoin. The former connects people with better social integration around the world, and the latter provides a new crypto medium of exchange for online payments. Network effects breed positive feedback loops, whereas, there is a critical inflection point where these network effects fall over into the madness of crowds. As one of the co-founders for PayPal and Palantir, Thiel thinks it is important to ensure third-party payment security for safer cross-border finance and trade. Thiel supports President Trump because his economic policy reform helps avoid fake culture wars between different civilizations. Trump tax cuts and infrastructure expenditures help boost American household consumption, firm production, and financial intermediation. In light of antitrust investigations into Google and some other Silicon Valley tech firms, Thiel considers these firms in trouble as government regulation looms as a major business risk. As a serial entrepreneur, Thiel emphasizes the importance of ambition that transcends just making money for a company. Disruptive innovation not only replaces prior technology, but also significantly improves and enriches the economic lives of others.
President Xi seeks Chinese congressional approval for abolishing his term limits of strongman rule with better trade deals and economic ties. President Xi seeks Chinese congressional approval and constitutional amendment for abolishing his term limits of strongman rule with more favorable trade deals and economic ties. Foreign investors now activate their keen interest in Chinese tech titans such as Baidu, Alibaba, and Tencent (BAT). Baidu specializes in Chinese online search; Alibaba focuses on international e-commerce and fintech solutions; and Tencent derives most revenue from Chinese instant messengers such as WeChat and Tencent QQ, online games, and other entertainment and lifestyle software solutions. BATs operate as oligopolies with competitive moats that manifest in the form of patents, trademarks, copyrights, and other intellectual properties. Their high product market concentration serves as a primary explanation for worse income and wealth inequality in China. President Xi's strongman rule can further entrench these Chinese tech titans with product market dominance. This new Sino political economy defeats the western purpose of admitting China into the World Trade Organization (WTO) after the post-war collapse of the Soviet Union. China resists both regional trade integration and global economic order and thus often fails comply with WTO trade rules on fair trade and intellectual property protection. Few mainland residents embrace democracy, economic freedom, and the rule of law in China.
White House economic advisor Gary Cohn resigns due to his opposition to President Trump's protectionist tariff stance. White House top economic advisor Gary Cohn resigns due to his opposition to President Trump's recent protectionist decision on steel and aluminum tariffs. These steel and aluminum tariffs target Canada, Europe, Mexico, and China. Some western allies may receive interim exemptions on a case-by-case basis. Through this abrupt tariff tactic, President Trump seeks to dramatically reduce U.S. trade and budget deficits for better mid-term election results. The former Goldman Sachs president had strongly opposed trade barriers such as tariffs, quotas, and even embargoes. Cohn serves as a steady man in the White House and attempts to push President Trump away from some of his most aggressive instincts on trade. In fact, Cohn would prefer the U.S. to keep the North American Free Trade Agreement (NAFTA). As a proponent of international free trade, Cohn would support the U.S. to join the Trans-Pacific Partnership (TPP). In effect, these global free trade movements reflect the collective wisdom and combination of cross-border interests and efforts for fewer trade frictions. CNBC economic media commentator Larry Kudlow is likely to succeed Cohn as the Director of the National Economic Council. Kudlow may defend the Trump administration's gradual tariff tactics against China, Canada, Europe, and Mexico.
Trump imposes tariffs on steel and aluminum in a trade war with some exemptions for Canada and Mexico. Trump imposes high tariffs on steel (25%) and aluminum (10%) in a new trade war with subsequent exemptions for Canada and Mexico. The Trump administration's Trade Act Section 232 investigation suggests that the main sources of U.S. steel-and-aluminum trade deficits are Canada, Europe, Mexico, and China. In light of both Section 301 and Section 232 investigations, the steel and aluminum tariffs seem to target China and the European Union. There are a pair of pertinent problems with imposing tariffs on foreign imports of this nature. First, this tariff tactic is a massive diplomatic gambit. In effect, this tactic may create the imminent risk of retaliation from multiple countries. Second, this strategic move inevitably leads to higher consumer prices from food cans to cars and airplanes insofar as these products involve the use of steel or aluminum. In fact, these price increases can feed back to fuel higher inflation in America. Also, American households and firms may experience higher costs and so lower disposable income. The resultant decrease in aggregate demand can be detrimental to U.S. economic output, employment, and capital investment. When push comes to shove, the law of inadvertent consequences counsels caution.
Fed's new chairman Jerome Powell testifies before Congress for the first time. Fed's new chairman Jerome Powell testifies before Congress for the first time. He vows to prevent price instability for U.S. consumers, firms, and financial intermediaries by gradually raising interest rates to contain inflation. Several stock market observers and commentators warn of the Yellen-Powell regime switch from dovish to hawkish monetary policy decisions. However, Powell seeks to balance the need to guard against excessive inflation with the real benefits of allowing the U.S. economy to enjoy the tailwinds of Trump fiscal stimulus, economic output expansion, full employment, and robust wage growth. The Federal Reserve now explores whether the U.S. unemployment rate can fall to the lowest range of 3.8% to 4.1% in 17 years before inflation starts to accelerate. In accordance with Powell's congressional testimony, the Federal Reserve's current monetary policy instruments include its gradual upward interest rate adjustment, balance sheet shrinkage, and 2% symmetric core CPI inflation target. Powell confines his testimony to the dual mandate of both price stability and maximum employment with minimal discussions of distributional economic inequality issues in America. With respect to financial deregulation, Powell expects to roll back at least some of the more stringent Dodd-Frank rules and stress tests on large banks and other financial institutions.
Buffett discusses Berkshire's cash ambition, its reinsurance business, and his succession plan. Warren Buffett releases his annual letter to Berkshire Hathaway shareholders as of February 2018. Buffett discusses Berkshire Hathaway's cash ambition, its reinsurance business, the recent increase in corporate net worth, and his succession plan. First, Buffett highlights the importance of *float* for insurance companies like Berkshire Hathaway, i.e. the company collects insurance premiums that have not been paid out as claims. Buffett and Munger can invest the float as these premiums absorb losses gradually throughout the life of each insurance policy. Because this reinsurance counterbalances long-tail losses, Berkshire can grow its float to extraordinary levels over time. Second, corporate cash stockpiles surge to $116 billion, so Buffett prefers to maintain this cash position for near-term mergers and acquisitions (instead of dividend payout and share buyback). However, Buffett considers most recent takeover targets with no sensible purchase prices at the current stage of the real business cycle. Also, Buffett emphasizes the fact that debt-free investors can better take advantage of short-term stock market crashes such as Black Monday in 1987, the Asian financial crisis in 1997, and the global economic recession in 2008. Berkshire experiences a one-time hefty increase in net worth by $65 billion or 23% primarily due to the Trump tax cuts. These tax credits not only strengthen Berkshire's current fortress balance sheet, but also allow Buffett and Munger to cast a wider net of potential M&A deals. Third, Buffett announces that Berkshire's next CEO will oversee company operations while the other half of this job will be given to stock-pickers who specialize in dynamic asset management. On the latter investment front, the likely successors are Todd Combs and Ted Weschler. These high-skill money managers both have successfully grown their assets under management (AUM) to $25 billion in early-2018. Under this succession plan, Combs and Weschler will thus continue the value investment philosophy in the post-Buffett reinsurance business structure.
Snap cannot keep up with the Kardashians because its stock loses $1 billion market value after Kylie Jenner tweets about her decision to leave Snapchat. Snap cannot keep up with the Kardashians because its common stock loses market value 7% or $1 billion right after Kylie Jenner tweets about her decision to leave Snapchat. The root cause of this rare incidence may be Snap's recent redesign, or Jenner's newfound motherhood. The former can be a real concern that her 25 million Twitter followers share in numerous replies. These empathetic users aggravate this deep concern about Snap's recent redesign and thus echoes ambivalent Wall Street investor sentiments. Several Wall Street stock analysts point out that it can be more difficult for Snap to monetize the Snapchat business model in contrast to ad-income-driven Facebook, Google, and Twitter. In recent times, Snap initiates some smart strategic moves to draw a clear line between social interactions and media posts and video streams. In fact, Snap needs to manage this interim transition well as celebrity influencers such as Kylie Jenner are an essential source of high-quality content in the Snap recipe for success. With 25 million Twitter followers, Jenner carries a great deal of social influence over millennials. In terms of demographic attributes, the typical Snapchat user is between 18 and 24 years old and tends to have much shorter attention span.
Fed minutes reflect gradual interest rate normalization in response to high inflation risk. Fed minutes suggest gradual interest rate normalization in response to higher inflation risk. FOMC members revise up the economic projections made at the previous December 2017 committee forum. Many financial economists and market watchers expect gradual further hawkish adjustments in U.S. monetary policy. These hawkish adjustments inevitably entail interest rate hikes that help constrain money supply growth near full employment. In effect, these gradual hawkish adjustments help better balance the inexorable and mysterious trade-off between inflation and unemployment. As Treasury bond yields rise in response to this hawkish monetary policy stance, most major U.S. stock market indices such as Dow Jones, S&P 500, and NASDAQ decline as a result.
Several FOMC members remain cautious about high asset valuation and leverage within Corporate America. Numerous public corporations make productive use of debt and cash stockpiles with generous cash dividends and share repurchases. Also, excessive cash accumulation, high asset valuation, and incessant corporate debt usage breed financial contagion with little impact on real macro variates such as economic output, employment, and capital investment. This recent trend may or may not sustain in the long run. The resultant concern thus signals bouts of potential financial instability outside the financial system.
President Trump unveils his ambitious $1.5 trillion public infrastructure plan. President Trump unveils his ambitious $1.5 trillion infrastructure plan. Trump proposes offering $100 billion in federal incentives to encourage states and cities to invest in roads, bridges, highways, railways, and water utilities. These federal incentives help spur $1.5 trillion infrastructure expenditures over the next decade. Transportation Secretary Elaine Chao indicates to the House Transportation and Infrastructure Committee that the Trump administration seeks to work with Congress to find bipartisan solutions. All options are on the table, and the Trump administration is open to considering all revenue sources. This plan calls for allocating at least $200 billion in initial federal funds to encourage states, cities, and the private sector to spur $1.5 trillion infrastructure expenditures over the next decade. Also, this plan would reduce the amount of time for issuing onsite construction permits for infrastructure projects to 2 years. Since his presidential election victory, Trump has thus far focused on trade, healthcare, immigration, gun control, and other socioeconomic issues. There may or may not be enough time for passing an infrastructure bill in mid-2018 or late-2018. U.S. lawmakers may need to act fast during a lame-duck interim session after the November 2018 midterm elections.
The new Fed chairman Jerome Powell faces a new challenge in the form of core CPI rate hikes toward 1.8%-2.1%. The new Fed chairman Jerome Powell faces a new challenge in the form of both core CPI and CPI inflation rate hikes toward 1.8%-2.1% year-over-year with strong wage growth. The recent greenback depreciation aggravates these inflationary concerns as non-farm payroll unemployment declines toward 4% or even 3.9%. This dollar depreciation raises U.S. import prices and thus can drive greater inflationary momentum. More substantive evidence can shine fresh light on whether the current Trump stock market rally indicates irrational exuberance for most stock and bond investors. The Federal Reserve can raise the interest rate to better balance the dual mandate of price stability and maximum employment. Powell needs to weigh the pros and cons of another interest rate hike that effectively constrains money supply growth near full employment. Price stability helps reduce economic policy uncertainty that may inadvertently dampen both household consumption and capital investment decisions. On the other hand, Powell should pick the low-hanging fruits of full employment before America experiences the next gradual deterioration in labor market conditions. During the Trump administration, it takes about 3% to 3.5% real GDP economic growth for macro momentum to trickle down to the typical U.S. household, producer, and financial intermediary. Supply-side Trumpism needs to prove its feasible case in due course.
Rampant stock market fears shake investor confidence during the recent Fed Chair transition from Yellen to Powell. Quant Quake 2.0 shakes investor confidence with rampant stock market fears and doubts during the recent Fed Chair transition from Janet Yellen to Jerome Powell. This healthy fundamental recalibration indicates the recent fact that 96% of all S&P 500 stocks experience 20% drastic declines from their own 52-week high share prices. Investor concerns pertain to U.S. inflationary momentum and bond yield appreciation. As professional forecasters mull over the inexorable and mysterious trade-off between inflation and unemployment, the new Federal Reserve chairman tends to retain a hawkish monetary policy stance. In this light, these forecasters predict that the Federal Reserve may hike the neutral interest rate at least 3 to 4 times this year. This neutral interest rate helps contain inflation near full employment well within Powell's congressional dual mandate.
AQR money manager and founder Cliff Asness points out that the U.S. financial system remains robust with less leverage and fair valuation despite the recent stock market plunge in early-February 2018. Asness believes in his conservative implementation of quantitative strategies across the vast majority of his fundamental factor portfolios of stocks, bonds, commodities, and currencies. His favorite value and momentum factor investment strategies resonate with Warren Buffett's long-term asset investment philosophy: *Price is what we pay, and value is what we get. We should be fearful when others are greedy, and we should be greedy when others are fearful.* In his recent letter to Berkshire Hathaway shareholders, Warren Buffett emphasizes that stock market corrections are often both normal and unpredictable. From a long-term perspective, the stock market sometimes goes *on sale*. Buffett thus suggests that it is important for investors to replenish their cash positions in order to take advantage of sporadic stock market corrections. When these corrections take place, the stock price often fall below the long-term equilibrium intrinsic value. Beyond conventional wisdom, greed is *good* and pays well in the tripartite form of capital gains, cash dividends, and share repurchases.
U.S. senators urge the Trump administration to prevent the IMF from bailing out several countries that face predatory Chinese loans. U.S. senators now urge the Trump administration with a bipartisan proposal to block the International Monetary Fund (IMF) from bailing out several countries that face predatory Chinese loans. These predatory Chinese loans are part of the Belt-and-Road infrastructure development plan for the next decade. Belt-and-Road is a $8 trillion global infrastructure plan that the Xi administration now uses to expand its economic prowess around the world. In effect, the Xi administration makes productive use of this infrastructure debt to control the economic policies in several Asian countries such as Sri Lanka and Pakistan. President Xi intends to transform Belt-and-Road into a new world economic order with fresh and unique Chinese dominance.
U.S. State Secretary Mike Pompeo points out that at least 23 of these 68 Belt-and-Road countries now face financial debt difficulties. This debt distress signals the collective reliance of Belt-and-Road countries on China. Also, China holds about $1.2 trillion U.S. Treasury bonds, bills, and notes and thus can directly influence the U.S. yield curve. Should the Belt-and-Road countries fail to honor their principal and interest payments on their debt contracts with China in the absence of IMF bailout finance, the Xi administration may have to unload its U.S. Treasury bond positions. In turn, China may effectively use its rich foreign reserves to entrench its current 260% public-debt-to-GDP ratio and Belt-and-Road infrastructure debt distress.
In the worst-case scenario, these ripple effects may inadvertently cause U.S. yield curve inversion. Yield curve inversion reflects a negative term spread between short-term and long-term interest rates, indicates corporate investment sentiments with respect to mergers and acquisitions and capital expenditures, and so often recurs in the early dawn of a severe economic recession.
This red alert poses a major gray rhino or some obvious highly probable negative incidence in contrast to improbable black-swan rare events such as the U.S. subprime mortgage crisis, the European sovereign debt spiral, and the Global Great Depression. For these legitimate reasons, the Trump administration's advisors and delegates such as Pompeo, Mnuchin, and Kudlow need to alleviate this economic security concern in due course.
President Donald Trump delivers his first state-of-the-union address. President Donald Trump delivers his first state-of-the-union address. Several key highlights touch on socioeconomic issues from fiscal stimulus and trade protectionism to infrastructure, immigration, and national security. The massive Trump tax cuts provide tremendous relief for the middle-class Americans and small businesses. About 3 million American workers receive tax incentives primarily due to this legislative win for the Trump administration and Republican-driven Congress. When the U.S. Trade Act Section 301 investigation concludes in due course, the Trump administration expects to escalate tariffs, quotas, and even embargoes on Chinese imports. These tariffs and other trade barriers effectively penalize China for perennial patent, trademark, and copyright infringement and other intellectual property theft. This trade protectionism helps eradicate hefty U.S. trade deficits to the detriment of China and some western allies such as Canada, Europe, and Mexico. Trump also urges Congress to pass new legislation in order to replenish $1.5 trillion U.S. modern infrastructure with new roads, bridges, highways, railways, and waterways. Moreover, the Trump administration designs new immigration policies with better border control to circumvent drugs, gangs, and other criminal activities that plaque many U.S. immigrant communities. Finally, Trump introduces foreign investment restrictions in defense of national economic security from LTE broadband technology to 5G telecommunication. All of these economic reforms can help ensure sustainable economic prosperity in America.
After its iPhone X launch, Apple reports its highest quarterly revenue over $80 billion in the tech titan's 41-year history. After its flagship iPhone X launch, Apple reports its highest quarterly sales revenue over $80 billion in the tech titan's 41-year history. Apple expects to distribute to its shareholders $143 billion cash stockpiles in the form of cash dividends and share repurchases. Apple also plans to make $30 billion capital investments in America in the next 5 years. Most of these capital expenditures contribute to opening data centers for iCloud services. Apple expects to create more than 20,000 new jobs at its extant campuses and a new one for technical support.
In fact, Apple is the latest one to announce new cash distributions that arise from the new Trump tax holiday. For the Trump administration and Republican-driven Congress, this legislative victory aims to transform corporate tax credits into better jobs and higher wages. Some companies may instead funnel these tax credits into share buyback and dividend payout in order to side-step American workers. It is thus important for most investors to assess whether these tax cuts can serve as key fiscal stimulus for better domestic employment and macroeconomic growth. In due course, the Trump stock market rally can continue in the medium term only when 3%-3.5% real GDP growth trickles down to benefit the typical U.S. consumer, producer, and financial intermediary.
Amazon, Berkshire Hathaway, and JPMorgan Chase establish a new company to reduce U.S. employee health care costs. Amazon, Berkshire Hathaway, and JPMorgan Chase form a new company to reduce U.S. employee health care costs in direct negotiations with drugmakers, doctors, and hospitals. Jeff Bezos, Warren Buffett, and Jamie Dimon effectively take on the world's most expensive healthcare network. This new non-profit venture poses a new challenge to an inefficient U.S. healthcare system. Also, this joint venture causes the share prices of healthcare companies to decline across the board. The new company will initially focus on innovative technology for high-quality and transparent healthcare for more than 500,000 U.S. employees across Amazon, Berkshire, and JPMorgan. The tripartite entity can negotiate directly with drugmakers, doctors, and hospitals in order to use their vast databases to handle higher healthcare service costs. In turn, these negotiations undercut the healthcare industry's middlemen from health insurers to pharmacies such as CVS, Aetna, Cigna, Merck, J&J, and Novartis. U.S. healthcare expenditures increase faster than inflation from year to year. As of early-2018, these healthcare expenditures account for 18% of total real GDP. U.S. corporations sponsor healthcare benefits and services for more than 160 million American workers. Overall, the new tripartite joint venture represents a major healthcare innovation that can shake up the inefficient U.S. healthcare industry.
Former Fed Chair Alan Greenspan discerns asset bubbles in the American stock and bond markets in early-2018. As he refrains from using the memorable phrase *irrational exuberance* to describe bullish investor sentiments, Alan Greenspan discerns asset bubbles in the U.S. stock and bond markets in early-2018.
Despite some recent healthy fundamental recalibration, Greenspan warn of high U.S. stock indices from Dow and S&P 500 to NASDAQ and Fortune 500. Also, Greenspan points that that the current government bond yields hover not far from historically low thresholds. The latter may transform into potential yield curve inversion, which often signals the early dawn of an economic recession. In fact, this inversion correctly predicts U.S. economic downturns in all decades right after the 1960s. As the Federal Reserve gradually normalizes and tightens its monetary policy stance, interest rates continue to raise the relative likelihood of yield curve inversion. Greenspan shares his ingenious insight that higher long-term government bond yields may determine the extent and duration of bullish investor sentiments during the current interest rate hike. Whether the Trump administration can address the fiscal gap with $2+ trillion government expenditures and $1.5 trillion tax cuts critically depends on the future U.S. real GDP growth trajectory. The Trump administration expects 3%-3.5% U.S. real GDP economic growth for this self-finance to trickle down to the typical American. On balance, Greenspan's prescient comments warn of the current fiscal shortfall that may fuel U.S. debt escalation as a proportion of total real GDP.
Most major economies grow with great synchronicity several years after the global financial crisis. Most major economies grow with great synchronicity several years after the global financial crisis.
These economies experience high stock market valuation, healthy fundamental recalibration, job creation, greater productivity, and artificial-intelligence automation. For instance, the U.S. economy operates near full employment with 1.5%-2% moderate inflation, $2.45 trillion mandatory government expenditures, and $1.5 trillion tax cuts. Also, Europe finally feels the benign effects of easy money that arises from the European Central Bank's quantitative-easing and negative-interest-rate monetary policies. Asian tiger economies such as Hong Kong, Singapore, South Korea, and Taiwan experience economic revival due to the upstream prosperity of Apple-and-Samsung-driven mobile device production. Recent oil price increases boost economic gains for Russia, Saudi Arabia, and other middle-east producers. Brazil still suffers the ripple effects of a veritable depression and now flashes tentative signs of economic recovery with high population dividends.
However, several other economies exhibit weak macro momentum with chaotic bouts of economic policy uncertainty. England now has to confront high unstable exchange rates, wide stock market gyrations, and trade barriers in the post-Brexit investment horizon. China may land hard with sub-6% real GDP economic growth due to the potential Sino-American trade war. Mexico may fail to transcend fears and doubts that the Trump administration menaces its recent economic convalescence with hefty tariffs and border taxes.
The International Monetary Fund (IMF) now predicts 2.7%-3% U.S. real GDP growth and 3.7%-3.9% economic growth worldwide. IMF research warns of economic inequality, cybersecurity, extreme weather, as well as political confrontations such as U.S.-Korean nuclear threats and fair trade barriers.
E.U. antitrust regulators impose a fine on Qualcomm for advancing its exclusive microchip deal with Apple. European Union antitrust regulators have imposed a fine on Qualcomm for advancing its exclusive microchip deal with Apple to block out rivals such as Intel and TSMC. The European Commission takes into account Qualcomm's multi-year dominance in the LTE microchip market with rapid mobile broadband connections. In recent times, Qualcomm attempts to force Apple and its upstream suppliers to use its trademark microchips exclusively in return for lower licensing fees. Qualcomm can thus unfairly cut out intense competition in the LTE chipset market. In fact, Qualcomm pays billions of U.S. dollars to Apple so that it would not buy from other microchip producers. These payments represent not just price reductions, but the primary condition that Apple would exclusively use Qualcomm's baseband chipsets in all its iPhones and iPads. Several other smart phone rivals such as Lenovo, OPPO, vivo, and Xiaomi express an active interest in buying $2 billion Qualcomm chipsets over 3 years. No microchip rivals would be able to effectively challenge Qualcomm in this market regardless of product quality improvements. As a result, the European Commission has to penalize Qualcomm for its anti-competitive market behavior. This E.U. regulatory decision has deep economic implications for Apple and other mobile device suppliers and manufacturers worldwide.
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Now&#039;s The Time To Scoop Stellar As Its Platform Sees Momentum
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Now's The Time To Scoop Stellar As Its Platform Sees Momentum
Not even Stellar Lumens (XLM-USD) has been spared the suffering cryptocurrencies have experienced in 2018. The fifth largest cryptocurrency has lost over 72% of its value since January.
However, like we have seen in the past, certain developments can breathe life back to a coin, and for this reason, we have every reason to believe XLM could rally soon. Below we will look at reasons why now might be the right time to invest in Stellar Lumens.
Global adoption plans
News of a special team being set up to help the cryptocurrency platform achieve global adoption has spurred XLM to overtake EOS in the 5th position in coin market cap.
The team will be made up of Shift Markets that has partnered with Lightyear.io. Commenting on this partnership, Ian McAfee, Shift’s CEO, said it was an exciting partnership for the platform as many of its clients would love to have Stellar Lumens trading on the exchange.
He praised Stellar for its commitment to providing financial technologies that cost less in developing countries, and this made it perfect for Shift’s market.
He added that the exchange aimed to increase the liquidity of Stellar Lumens and its usage for both major fiat currencies and exotic fiat currencies.
The news also had the Director of Sales and Partnerships at Lightyear.io, Paul Arnautoff, excited, and he said by partnering with Shift Markets, they would help expand the utility and the reach of the Stellar’s blockchain network.
He also added that Stellar’s customers would now be lucky to have access to an increasing number of liquidity providers in new and emerging markets, thanks to Shift’s market technology and customer base.
The Projects
As teams work on expanding Stellar’s international reach and adoption, the innovation surrounding Stellar remains strong. And its standing as a platform will be valued on what is being built on top of Stellar; the projects utilizing the platform and providing value for XLM-USD holders.
So what’s going on with Stellar projects? Well, we should start with the biggest one: KIN. While KIN has said it won’t run exclusively on Stellar, it will run part of its operation on the chain. And in Stellar, KIN, the coin of the now-infamous mega-ICO, sees a potentially better platform than Ethereum. KIN aims to be an in-app coin for the app generations; a mobile payment solution that can facilitate micro-transactions at no cost. And it’s a creation by the team behind Kik, the popular messaging app with millions of daily users. This could help KIN, and its Stellar blockchain usage, be one of the first widely adopted in-app currencies.
From KIN, a coin corresponding to an app with millions of daily average users, we see Stellar’s partner list that includes IBM, a noticeably mainstream company for the ever-crazy crypto markets. IBM has been partnered with Stellar for some time, but it has also illuminated the power of a platform that is now looking at breaking into a lot: African payment processing, real estate, and peer-to-peer lending. The diversity should signal some interest in just how far-ranging this platform can go.
Though far-reaching the likely long-term potential for success of these partners seems, we can revisit the IBM partnership, which gave a boost to Stellar a few weeks ago as IBM announced it was exploring a stablecoin based on, you guessed it, Stellar’s blockchain. What’s the big deal with stablecoins? Well, it can be pegged to a dollar, allowing a blockchain-based asset to use this technology (quicker speed, lower cost) without the volatility that we’re seeing in coins like Bitcoin and Stellar.
And if international monetary systems are of interest to you, then Stellar’s recent certification might interest you.
Stellar Received Sharia Certification
The coin received a huge boost in July after a document was published which indicated that the Stellar network had received the Cryptoverse’s very first Sharia Certification from the Shariyah Review Bureau (SRB).
This was after the agency which is licensed by the Central Bank of Bahrain took a look at the properties and applications of Stellar and ascertained that they were Sharia compliant. SRB then came up with guidelines which would see Sharia-compliant applications of the Stellar platform utilized in Islamic financial institutions.
According to the document, the certification would help Stellar grow its ecosystem in areas where compliance with Islamic financing laws was required.
“What does this certification mean for the Stellar ecosystem? In partnership with SRB, this certification will help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles. For example, Islamic financial institutions in the Gulf Cooperation Council (i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE) and parts of Southeast Asia (e.g. Indonesia and Malaysia) will now be able to integrate Stellar technology in their Sharia-compliant product and service offerings. This is a big advancement for the Stellar network given that these regions are endpoints of popular foreign worker remittance corridors.”
At that time, the news saw XLM outperform the other altcoins and gain over 20% in a 24-hour trading period to trade at $0.27.
Since then, the coin’s price has sunk, but the members of the Stellar Development Foundation continue to meet with global financial institutions to show the benefits of Stellar’s platform. And now that it can pitch to institutions with a Sharia-compliant chain, it opens the door to more financial products and services. That 20% rise may not have been a fluke, but a real tell of optimism that Stellar’s blockchain can be a part of a diverse and innovative future.
Price Movement
XLM one-year trading chart
Stellar achieved its highest price back on January 4th when the coin traded at $0.93. Since then, XLM has lost over 72% of its value, and it’s currently trading at $0.21. However, as we have seen with these new developments, all of which point to global adoption, at least we can expect the coin to surpass its highest price very soon.
I understand that the crypto’s recent moves have investors skittish, but this was always a high-risk market – big upswings and big nosedives. For those interested in the possibility of blockchain platforms, these nosedives are times to scoop up coins at discounted prices. And there’s enough good news surrounding Stellar (we didn’t even talk about the much covered Coinbase announcement) that the current price might just be the steal you’re looking for in crypto.
The page above lists the market that XLM-USD is traded on. If you’re interested in trading in XLM, our recommendation is to use Binance or Bittrex using whatever trading pair you’re comfortable with (USDT-USD, ETH-USD, or BTC-USD).
Bitcoin may have come down from the stratosphere, but there’s still an abundance of opportunities in cryptocurrencies. At the Coin Agora, our focus is on altcoins – the smaller-cap cryptos that have massive potential to disrupt business ecosystems. Invest with us for your chance to get in on the ground floor. Our mission is to help you find small, new and growing coins and reap rich returns. Let us help you cut through the noise and find winners – join the Coin Agora community today!
Disclosure: I am/we are long XLM-USD.
Business relationship disclosure: This article was written in collaboration with a researcher. No one involved has any relationship with the Stellar team.
0 notes
Now&#039;s The Time To Scoop Stellar As Its Platform Sees Momentum
New Post has been published on http://www.1701host.com/cloud-hosting/nows-the-time-to-scoop-stellar-as-its-platform-sees-momentum/
Now's The Time To Scoop Stellar As Its Platform Sees Momentum
Not even Stellar Lumens (XLM-USD) has been spared the suffering cryptocurrencies have experienced in 2018. The fifth largest cryptocurrency has lost over 72% of its value since January.
However, like we have seen in the past, certain developments can breathe life back to a coin, and for this reason, we have every reason to believe XLM could rally soon. Below we will look at reasons why now might be the right time to invest in Stellar Lumens.
Global adoption plans
News of a special team being set up to help the cryptocurrency platform achieve global adoption has spurred XLM to overtake EOS in the 5th position in coin market cap.
The team will be made up of Shift Markets that has partnered with Lightyear.io. Commenting on this partnership, Ian McAfee, Shift’s CEO, said it was an exciting partnership for the platform as many of its clients would love to have Stellar Lumens trading on the exchange.
He praised Stellar for its commitment to providing financial technologies that cost less in developing countries, and this made it perfect for Shift’s market.
He added that the exchange aimed to increase the liquidity of Stellar Lumens and its usage for both major fiat currencies and exotic fiat currencies.
The news also had the Director of Sales and Partnerships at Lightyear.io, Paul Arnautoff, excited, and he said by partnering with Shift Markets, they would help expand the utility and the reach of the Stellar’s blockchain network.
He also added that Stellar’s customers would now be lucky to have access to an increasing number of liquidity providers in new and emerging markets, thanks to Shift’s market technology and customer base.
The Projects
As teams work on expanding Stellar’s international reach and adoption, the innovation surrounding Stellar remains strong. And its standing as a platform will be valued on what is being built on top of Stellar; the projects utilizing the platform and providing value for XLM-USD holders.
So what’s going on with Stellar projects? Well, we should start with the biggest one: KIN. While KIN has said it won’t run exclusively on Stellar, it will run part of its operation on the chain. And in Stellar, KIN, the coin of the now-infamous mega-ICO, sees a potentially better platform than Ethereum. KIN aims to be an in-app coin for the app generations; a mobile payment solution that can facilitate micro-transactions at no cost. And it’s a creation by the team behind Kik, the popular messaging app with millions of daily users. This could help KIN, and its Stellar blockchain usage, be one of the first widely adopted in-app currencies.
From KIN, a coin corresponding to an app with millions of daily average users, we see Stellar’s partner list that includes IBM, a noticeably mainstream company for the ever-crazy crypto markets. IBM has been partnered with Stellar for some time, but it has also illuminated the power of a platform that is now looking at breaking into a lot: African payment processing, real estate, and peer-to-peer lending. The diversity should signal some interest in just how far-ranging this platform can go.
Though far-reaching the likely long-term potential for success of these partners seems, we can revisit the IBM partnership, which gave a boost to Stellar a few weeks ago as IBM announced it was exploring a stablecoin based on, you guessed it, Stellar’s blockchain. What’s the big deal with stablecoins? Well, it can be pegged to a dollar, allowing a blockchain-based asset to use this technology (quicker speed, lower cost) without the volatility that we’re seeing in coins like Bitcoin and Stellar.
And if international monetary systems are of interest to you, then Stellar’s recent certification might interest you.
Stellar Received Sharia Certification
The coin received a huge boost in July after a document was published which indicated that the Stellar network had received the Cryptoverse’s very first Sharia Certification from the Shariyah Review Bureau (SRB).
This was after the agency which is licensed by the Central Bank of Bahrain took a look at the properties and applications of Stellar and ascertained that they were Sharia compliant. SRB then came up with guidelines which would see Sharia-compliant applications of the Stellar platform utilized in Islamic financial institutions.
According to the document, the certification would help Stellar grow its ecosystem in areas where compliance with Islamic financing laws was required.
“What does this certification mean for the Stellar ecosystem? In partnership with SRB, this certification will help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles. For example, Islamic financial institutions in the Gulf Cooperation Council (i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE) and parts of Southeast Asia (e.g. Indonesia and Malaysia) will now be able to integrate Stellar technology in their Sharia-compliant product and service offerings. This is a big advancement for the Stellar network given that these regions are endpoints of popular foreign worker remittance corridors.”
At that time, the news saw XLM outperform the other altcoins and gain over 20% in a 24-hour trading period to trade at $0.27.
Since then, the coin’s price has sunk, but the members of the Stellar Development Foundation continue to meet with global financial institutions to show the benefits of Stellar’s platform. And now that it can pitch to institutions with a Sharia-compliant chain, it opens the door to more financial products and services. That 20% rise may not have been a fluke, but a real tell of optimism that Stellar’s blockchain can be a part of a diverse and innovative future.
Price Movement
XLM one-year trading chart
Stellar achieved its highest price back on January 4th when the coin traded at $0.93. Since then, XLM has lost over 72% of its value, and it’s currently trading at $0.21. However, as we have seen with these new developments, all of which point to global adoption, at least we can expect the coin to surpass its highest price very soon.
I understand that the crypto’s recent moves have investors skittish, but this was always a high-risk market – big upswings and big nosedives. For those interested in the possibility of blockchain platforms, these nosedives are times to scoop up coins at discounted prices. And there’s enough good news surrounding Stellar (we didn’t even talk about the much covered Coinbase announcement) that the current price might just be the steal you’re looking for in crypto.
The page above lists the market that XLM-USD is traded on. If you’re interested in trading in XLM, our recommendation is to use Binance or Bittrex using whatever trading pair you’re comfortable with (USDT-USD, ETH-USD, or BTC-USD).
Bitcoin may have come down from the stratosphere, but there’s still an abundance of opportunities in cryptocurrencies. At the Coin Agora, our focus is on altcoins – the smaller-cap cryptos that have massive potential to disrupt business ecosystems. Invest with us for your chance to get in on the ground floor. Our mission is to help you find small, new and growing coins and reap rich returns. Let us help you cut through the noise and find winners – join the Coin Agora community today!
Disclosure: I am/we are long XLM-USD.
Business relationship disclosure: This article was written in collaboration with a researcher. No one involved has any relationship with the Stellar team.
Related Posts:
No Related Posts
0 notes
lazilysillyprince · 6 years
Text
Now&#039;s The Time To Scoop Stellar As Its Platform Sees Momentum
New Post has been published on http://www.1701host.com/cloud-hosting/nows-the-time-to-scoop-stellar-as-its-platform-sees-momentum/
Now's The Time To Scoop Stellar As Its Platform Sees Momentum
Not even Stellar Lumens (XLM-USD) has been spared the suffering cryptocurrencies have experienced in 2018. The fifth largest cryptocurrency has lost over 72% of its value since January.
However, like we have seen in the past, certain developments can breathe life back to a coin, and for this reason, we have every reason to believe XLM could rally soon. Below we will look at reasons why now might be the right time to invest in Stellar Lumens.
Global adoption plans
News of a special team being set up to help the cryptocurrency platform achieve global adoption has spurred XLM to overtake EOS in the 5th position in coin market cap.
The team will be made up of Shift Markets that has partnered with Lightyear.io. Commenting on this partnership, Ian McAfee, Shift’s CEO, said it was an exciting partnership for the platform as many of its clients would love to have Stellar Lumens trading on the exchange.
He praised Stellar for its commitment to providing financial technologies that cost less in developing countries, and this made it perfect for Shift’s market.
He added that the exchange aimed to increase the liquidity of Stellar Lumens and its usage for both major fiat currencies and exotic fiat currencies.
The news also had the Director of Sales and Partnerships at Lightyear.io, Paul Arnautoff, excited, and he said by partnering with Shift Markets, they would help expand the utility and the reach of the Stellar’s blockchain network.
He also added that Stellar’s customers would now be lucky to have access to an increasing number of liquidity providers in new and emerging markets, thanks to Shift’s market technology and customer base.
The Projects
As teams work on expanding Stellar’s international reach and adoption, the innovation surrounding Stellar remains strong. And its standing as a platform will be valued on what is being built on top of Stellar; the projects utilizing the platform and providing value for XLM-USD holders.
So what’s going on with Stellar projects? Well, we should start with the biggest one: KIN. While KIN has said it won’t run exclusively on Stellar, it will run part of its operation on the chain. And in Stellar, KIN, the coin of the now-infamous mega-ICO, sees a potentially better platform than Ethereum. KIN aims to be an in-app coin for the app generations; a mobile payment solution that can facilitate micro-transactions at no cost. And it’s a creation by the team behind Kik, the popular messaging app with millions of daily users. This could help KIN, and its Stellar blockchain usage, be one of the first widely adopted in-app currencies.
From KIN, a coin corresponding to an app with millions of daily average users, we see Stellar’s partner list that includes IBM, a noticeably mainstream company for the ever-crazy crypto markets. IBM has been partnered with Stellar for some time, but it has also illuminated the power of a platform that is now looking at breaking into a lot: African payment processing, real estate, and peer-to-peer lending. The diversity should signal some interest in just how far-ranging this platform can go.
Though far-reaching the likely long-term potential for success of these partners seems, we can revisit the IBM partnership, which gave a boost to Stellar a few weeks ago as IBM announced it was exploring a stablecoin based on, you guessed it, Stellar’s blockchain. What’s the big deal with stablecoins? Well, it can be pegged to a dollar, allowing a blockchain-based asset to use this technology (quicker speed, lower cost) without the volatility that we’re seeing in coins like Bitcoin and Stellar.
And if international monetary systems are of interest to you, then Stellar’s recent certification might interest you.
Stellar Received Sharia Certification
The coin received a huge boost in July after a document was published which indicated that the Stellar network had received the Cryptoverse’s very first Sharia Certification from the Shariyah Review Bureau (SRB).
This was after the agency which is licensed by the Central Bank of Bahrain took a look at the properties and applications of Stellar and ascertained that they were Sharia compliant. SRB then came up with guidelines which would see Sharia-compliant applications of the Stellar platform utilized in Islamic financial institutions.
According to the document, the certification would help Stellar grow its ecosystem in areas where compliance with Islamic financing laws was required.
“What does this certification mean for the Stellar ecosystem? In partnership with SRB, this certification will help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles. For example, Islamic financial institutions in the Gulf Cooperation Council (i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE) and parts of Southeast Asia (e.g. Indonesia and Malaysia) will now be able to integrate Stellar technology in their Sharia-compliant product and service offerings. This is a big advancement for the Stellar network given that these regions are endpoints of popular foreign worker remittance corridors.”
At that time, the news saw XLM outperform the other altcoins and gain over 20% in a 24-hour trading period to trade at $0.27.
Since then, the coin’s price has sunk, but the members of the Stellar Development Foundation continue to meet with global financial institutions to show the benefits of Stellar’s platform. And now that it can pitch to institutions with a Sharia-compliant chain, it opens the door to more financial products and services. That 20% rise may not have been a fluke, but a real tell of optimism that Stellar’s blockchain can be a part of a diverse and innovative future.
Price Movement
XLM one-year trading chart
Stellar achieved its highest price back on January 4th when the coin traded at $0.93. Since then, XLM has lost over 72% of its value, and it’s currently trading at $0.21. However, as we have seen with these new developments, all of which point to global adoption, at least we can expect the coin to surpass its highest price very soon.
I understand that the crypto’s recent moves have investors skittish, but this was always a high-risk market – big upswings and big nosedives. For those interested in the possibility of blockchain platforms, these nosedives are times to scoop up coins at discounted prices. And there’s enough good news surrounding Stellar (we didn’t even talk about the much covered Coinbase announcement) that the current price might just be the steal you’re looking for in crypto.
The page above lists the market that XLM-USD is traded on. If you’re interested in trading in XLM, our recommendation is to use Binance or Bittrex using whatever trading pair you’re comfortable with (USDT-USD, ETH-USD, or BTC-USD).
Bitcoin may have come down from the stratosphere, but there’s still an abundance of opportunities in cryptocurrencies. At the Coin Agora, our focus is on altcoins – the smaller-cap cryptos that have massive potential to disrupt business ecosystems. Invest with us for your chance to get in on the ground floor. Our mission is to help you find small, new and growing coins and reap rich returns. Let us help you cut through the noise and find winners – join the Coin Agora community today!
Disclosure: I am/we are long XLM-USD.
Business relationship disclosure: This article was written in collaboration with a researcher. No one involved has any relationship with the Stellar team.
Related Posts:
No Related Posts
0 notes
smartwebhostingblog · 6 years
Text
Now&#039;s The Time To Scoop Stellar As Its Platform Sees Momentum
New Post has been published on http://resellerwebhostingproviders.com/nows-the-time-to-scoop-stellar-as-its-platform-sees-momentum/
Now's The Time To Scoop Stellar As Its Platform Sees Momentum
Not even Stellar Lumens (XLM-USD) has been spared the suffering cryptocurrencies have experienced in 2018. The fifth largest cryptocurrency has lost over 72% of its value since January.
However, like we have seen in the past, certain developments can breathe life back to a coin, and for this reason, we have every reason to believe XLM could rally soon. Below we will look at reasons why now might be the right time to invest in Stellar Lumens.
Global adoption plans
News of a special team being set up to help the cryptocurrency platform achieve global adoption has spurred XLM to overtake EOS in the 5th position in coin market cap.
The team will be made up of Shift Markets that has partnered with Lightyear.io. Commenting on this partnership, Ian McAfee, Shift’s CEO, said it was an exciting partnership for the platform as many of its clients would love to have Stellar Lumens trading on the exchange.
He praised Stellar for its commitment to providing financial technologies that cost less in developing countries, and this made it perfect for Shift’s market.
He added that the exchange aimed to increase the liquidity of Stellar Lumens and its usage for both major fiat currencies and exotic fiat currencies.
The news also had the Director of Sales and Partnerships at Lightyear.io, Paul Arnautoff, excited, and he said by partnering with Shift Markets, they would help expand the utility and the reach of the Stellar’s blockchain network.
He also added that Stellar’s customers would now be lucky to have access to an increasing number of liquidity providers in new and emerging markets, thanks to Shift’s market technology and customer base.
The Projects
As teams work on expanding Stellar’s international reach and adoption, the innovation surrounding Stellar remains strong. And its standing as a platform will be valued on what is being built on top of Stellar; the projects utilizing the platform and providing value for XLM-USD holders.
So what’s going on with Stellar projects? Well, we should start with the biggest one: KIN. While KIN has said it won’t run exclusively on Stellar, it will run part of its operation on the chain. And in Stellar, KIN, the coin of the now-infamous mega-ICO, sees a potentially better platform than Ethereum. KIN aims to be an in-app coin for the app generations; a mobile payment solution that can facilitate micro-transactions at no cost. And it’s a creation by the team behind Kik, the popular messaging app with millions of daily users. This could help KIN, and its Stellar blockchain usage, be one of the first widely adopted in-app currencies.
From KIN, a coin corresponding to an app with millions of daily average users, we see Stellar’s partner list that includes IBM, a noticeably mainstream company for the ever-crazy crypto markets. IBM has been partnered with Stellar for some time, but it has also illuminated the power of a platform that is now looking at breaking into a lot: African payment processing, real estate, and peer-to-peer lending. The diversity should signal some interest in just how far-ranging this platform can go.
Though far-reaching the likely long-term potential for success of these partners seems, we can revisit the IBM partnership, which gave a boost to Stellar a few weeks ago as IBM announced it was exploring a stablecoin based on, you guessed it, Stellar’s blockchain. What’s the big deal with stablecoins? Well, it can be pegged to a dollar, allowing a blockchain-based asset to use this technology (quicker speed, lower cost) without the volatility that we’re seeing in coins like Bitcoin and Stellar.
And if international monetary systems are of interest to you, then Stellar’s recent certification might interest you.
Stellar Received Sharia Certification
The coin received a huge boost in July after a document was published which indicated that the Stellar network had received the Cryptoverse’s very first Sharia Certification from the Shariyah Review Bureau (SRB).
This was after the agency which is licensed by the Central Bank of Bahrain took a look at the properties and applications of Stellar and ascertained that they were Sharia compliant. SRB then came up with guidelines which would see Sharia-compliant applications of the Stellar platform utilized in Islamic financial institutions.
According to the document, the certification would help Stellar grow its ecosystem in areas where compliance with Islamic financing laws was required.
“What does this certification mean for the Stellar ecosystem? In partnership with SRB, this certification will help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles. For example, Islamic financial institutions in the Gulf Cooperation Council (i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE) and parts of Southeast Asia (e.g. Indonesia and Malaysia) will now be able to integrate Stellar technology in their Sharia-compliant product and service offerings. This is a big advancement for the Stellar network given that these regions are endpoints of popular foreign worker remittance corridors.”
At that time, the news saw XLM outperform the other altcoins and gain over 20% in a 24-hour trading period to trade at $0.27.
Since then, the coin’s price has sunk, but the members of the Stellar Development Foundation continue to meet with global financial institutions to show the benefits of Stellar’s platform. And now that it can pitch to institutions with a Sharia-compliant chain, it opens the door to more financial products and services. That 20% rise may not have been a fluke, but a real tell of optimism that Stellar’s blockchain can be a part of a diverse and innovative future.
Price Movement
XLM one-year trading chart
Stellar achieved its highest price back on January 4th when the coin traded at $0.93. Since then, XLM has lost over 72% of its value, and it’s currently trading at $0.21. However, as we have seen with these new developments, all of which point to global adoption, at least we can expect the coin to surpass its highest price very soon.
I understand that the crypto’s recent moves have investors skittish, but this was always a high-risk market – big upswings and big nosedives. For those interested in the possibility of blockchain platforms, these nosedives are times to scoop up coins at discounted prices. And there’s enough good news surrounding Stellar (we didn’t even talk about the much covered Coinbase announcement) that the current price might just be the steal you’re looking for in crypto.
The page above lists the market that XLM-USD is traded on. If you’re interested in trading in XLM, our recommendation is to use Binance or Bittrex using whatever trading pair you’re comfortable with (USDT-USD, ETH-USD, or BTC-USD).
Bitcoin may have come down from the stratosphere, but there’s still an abundance of opportunities in cryptocurrencies. At the Coin Agora, our focus is on altcoins – the smaller-cap cryptos that have massive potential to disrupt business ecosystems. Invest with us for your chance to get in on the ground floor. Our mission is to help you find small, new and growing coins and reap rich returns. Let us help you cut through the noise and find winners – join the Coin Agora community today!
Disclosure: I am/we are long XLM-USD.
Business relationship disclosure: This article was written in collaboration with a researcher. No one involved has any relationship with the Stellar team.
0 notes