Dutch Official Gives Reasons Why The Netherlands Should Ban Bitcoin In Its Entirety Immediately
Several people have poured their criticism on the call for the Netherlands government to ban Bitcoin and cryptocurrencies, as opinionated by Pieter Hasekamp, the director for Central Planning Bureau – a leading economic policy research institute in the country.
The director says that the government should ban cryptocurrencies like bitcoin in their entirety before it is too late, and before a possible market crash that could affect the country badly. Tweet after another, crypto supporters have, however, sharply responded saying his economic theories on crypto appear “wild” and out of place.
“The ultimate step is a total ban on production, trading, and even possession of cryptocurrencies,” writes the director in his recent opinion on cryptocurrencies.
The director supports his call for a total crypto ban by pouring cold water on crypto, saying that they lack value, are a tool for criminals, and lack the intrinsic value of a currency. He says the so-called “cautious regulatory approach” by the government will make things worse by “legitimizing” crypto.
The director launches scathing attacks on cryptocurrencies saying they are worse than the “bad money” predicted by the popular Gresham’s law “bad money crowds out good money.” He says crypto won’t cut given it is a tool for criminals, the many scams, lack of value, lack of acceptance, insecurities reported around it.
The director’s remarks about crypto immediately drew the attention of many crypto lovers and supporters. Countless responses have criticized the director’s call for the Netherlands to ban crypto, calling his theories “weird.”
Biased remarks on cryptoProduct Innovation Specialist at Ledger hardware wallet, David El Silvador Rosa says the director only gave biased analyses of what cryptocurrencies truly are.
“It’s intellectually dishonest to blame Bitcoin and crypto assets for the financial instability caused by a crash,” tweeted Rosa. “The fiat system is marked by central banks keeping interest rates artificially low, causing a misallocation of capital which in turn leads to huge corrections.”
“The crashes are actually a good sign: it punishes those without conviction and rewards those that continue to buy at low prices. It also clears out the market from scams and coins that trade at much lower prices,” adds Rosa.
Rosa said the blame should be on Central Banks who move to print huge amounts of money to fund bailouts.
According to Rosa, the assertion that criminals use crypto is a myth that has been debunked a long time ago now. He says that the energy waste remarks about Bitcoin are worthless given that cryptocurrencies facilitate access to banks and other crypto benefits.
“Bitcoin’s energy usage is not a waste,” said Rosa. “If anything, it’s a massive social good enabling billions of people access to dependable money that cannot be inflated or censored by governments. If you don’t think that’s worth any energy, then don’t use it.”
Nothing about decentralization benefitsThe director did not mention anything about the benefits of decentralization in his views. Yet many crypto pundits say crypto projects and tokens are an example of what a decentralized economy should look like – one that gives everyone easy access to banking, free from governmental control or censorship, and does not place an excessive transactional cost burden on citizens.
Several people have poured their criticism on the call for the Netherlands government to ban Bitcoin and cryptocurrencies, as opinionated by Pieter Hasekamp, the director for Central Planning Bureau – a leading economic policy research institute in the country.
The director says that the government should ban cryptocurrencies like bitcoin in their entirety before it is too late, and before a possible market crash that could affect the country badly. Tweet after another, crypto supporters have, however, sharply responded saying his economic theories on crypto appear “wild” and out of place.
“The ultimate step is a total ban on production, trading, and even possession of cryptocurrencies,” writes the director in his recent opinion on cryptocurrencies.
The director supports his call for a total crypto ban by pouring cold water on crypto, saying that they lack value, are a tool for criminals, and lack the intrinsic value of a currency. He says the so-called “cautious regulatory approach” by the government will make things worse by “legitimizing” crypto.
The director launches scathing attacks on cryptocurrencies saying they are worse than the “bad money” predicted by the popular Gresham’s law “bad money crowds out good money.” He says crypto won’t cut given it is a tool for criminals, the many scams, lack of value, lack of acceptance, insecurities reported around it.
The director’s remarks about crypto immediately drew the attention of many crypto lovers and supporters. Countless responses have criticized the director’s call for the Netherlands to ban crypto, calling his theories “weird.”
Biased remarks on cryptoProduct Innovation Specialist at Ledger hardware wallet, David El Silvador Rosa says the director only gave biased analyses of what cryptocurrencies truly are.
“It’s intellectually dishonest to blame Bitcoin and crypto assets for the financial instability caused by a crash,” tweeted Rosa. “The fiat system is marked by central banks keeping interest rates artificially low, causing a misallocation of capital which in turn leads to huge corrections.”
“The crashes are actually a good sign: it punishes those without conviction and rewards those that continue to buy at low prices. It also clears out the market from scams and coins that trade at much lower prices,” adds Rosa.
Rosa said the blame should be on Central Banks who move to print huge amounts of money to fund bailouts.
According to Rosa, the assertion that criminals use crypto is a myth that has been debunked a long time ago now. He says that the energy waste remarks about Bitcoin are worthless given that cryptocurrencies facilitate access to banks and other crypto benefits.
“Bitcoin’s energy usage is not a waste,” said Rosa. “If anything, it’s a massive social good enabling billions of people access to dependable money that cannot be inflated or censored by governments. If you don’t think that’s worth any energy, then don’t use it.”
Nothing about decentralization benefitsThe director did not mention anything about the benefits of decentralization in his views. Yet many crypto pundits say crypto projects and tokens are an example of what a decentralized economy should look like – one that gives everyone easy access to banking, free from governmental control or censorship, and does not place an excessive transactional cost burden on citizens.
PARSIQ Completes $3 Million Funding Round Joined by Solana and Others
PARSIQ blockchain, a motoring and intelligence platform, has raised a total of $3 million in a Series A funding round led by various venture capitalists that are prominent in the crypto ecosystem. Notably, the funding is aimed at developing a strategic partnership for PARSIQ, in addition to better positioning the platform in the crypto ecosystem.
According to a press release from the firm to various news outlets, the participants of the just concluded investment pool included Solana Foundation, Mindworks VC, Krypital Group, Axia8 Ventures, CoinUnited, Elevate Ventures, Transfer Swiss, and Sanctum Ventures among others. Additionally, Evan Cheng, Director of Research and Development at Facebook’s Novi Financial (initially Calibra), contributed to the round as a stand-alone investor.
The latest funding round also happens to be the first in the history of PARSIQ, seeing as it had initially acquired its entire funding from a public token sale back in 2019.
Moreover, the investment round will give major players a stake in PARSIQ’s success. The project will collaborate with the new investors in various aspects including product development, go-to-market strategies, and also marketing. In this way, PARSIQ will benefit not only from their partners’ prowess but also from their market position.
Specifically, PARSIQ’s alliance with Solana Foundation aims at bringing Smart-Triggers to Solana’s projects, easing reading and responding to blockchain data even without the development of custom solutions. Currently, PARSIQ supports major blockchains including Bitcoin, Ethereum, Solana, and Binance Smart Chain, and others.
PARSIQ CEO, Tom Tirman spoke saying:
“We are excited to have received the support of this diverse and highly regarded set of crypto ecosystem participants. While our runway was more than sufficient from our earlier raise, we felt that to guarantee the success of our project, we needed additional support from major players. With their help, we will be able to mount the strongest marketing and development push for PARSIQ yet.”
Anatoly Yakovenko, the CEO of Solana Labs said:
“Having reliable and simple access to blockchain data on Solana means that projects building on our platform will have fewer headaches in building out their stack, allowing them to concentrate on their product, and PARSIQ is positioned to help bridge the off-chain and on-chain world.”
PARSIQ is a next-generation platform for intelligence and monitoring by offering analytics tools for blockchain tech across a cluster of industries. The workflow automation platform also functions as a multi-level bridge between off-chain applications and blockchains.
The technology underpinning PARSIQ is a proprietary ParsiQL programming language that enables users to monitor and interpret continuous data streams on the blockchain in real-time. This makes it possible to monitor traders and normal user wallets.
Solana, on the other hand, is a top-level blockchain that utilizes Proof of Stake (PoS) to deliver scalability without compromising security or decentralization.
For the first time, Solana unveils synchronous parallelizing of transaction processing on GPUs, using Proof of History (PoH). This allows speedy, low latency, and relatively cheap transactions all in layer 1, without sharding.
Developed by an expert team of former Apple, Dropbox, Intel, and Qualcomm engineers, Solana is led by The Solana Foundation, and its purpose is advanced by a loyal group of decentralized developers worldwide.
PARSIQ blockchain, a motoring and intelligence platform, has raised a total of $3 million in a Series A funding round led by various venture capitalists that are prominent in the crypto ecosystem. Notably, the funding is aimed at developing a strategic partnership for PARSIQ, in addition to better positioning the platform in the crypto ecosystem.
According to a press release from the firm to various news outlets, the participants of the just concluded investment pool included Solana Foundation, Mindworks VC, Krypital Group, Axia8 Ventures, CoinUnited, Elevate Ventures, Transfer Swiss, and Sanctum Ventures among others. Additionally, Evan Cheng, Director of Research and Development at Facebook’s Novi Financial (initially Calibra), contributed to the round as a stand-alone investor.
The latest funding round also happens to be the first in the history of PARSIQ, seeing as it had initially acquired its entire funding from a public token sale back in 2019.
Moreover, the investment round will give major players a stake in PARSIQ’s success. The project will collaborate with the new investors in various aspects including product development, go-to-market strategies, and also marketing. In this way, PARSIQ will benefit not only from their partners’ prowess but also from their market position.
Specifically, PARSIQ’s alliance with Solana Foundation aims at bringing Smart-Triggers to Solana’s projects, easing reading and responding to blockchain data even without the development of custom solutions. Currently, PARSIQ supports major blockchains including Bitcoin, Ethereum, Solana, and Binance Smart Chain, and others.
PARSIQ CEO, Tom Tirman spoke saying:
“We are excited to have received the support of this diverse and highly regarded set of crypto ecosystem participants. While our runway was more than sufficient from our earlier raise, we felt that to guarantee the success of our project, we needed additional support from major players. With their help, we will be able to mount the strongest marketing and development push for PARSIQ yet.”
Anatoly Yakovenko, the CEO of Solana Labs said:
“Having reliable and simple access to blockchain data on Solana means that projects building on our platform will have fewer headaches in building out their stack, allowing them to concentrate on their product, and PARSIQ is positioned to help bridge the off-chain and on-chain world.”
PARSIQ is a next-generation platform for intelligence and monitoring by offering analytics tools for blockchain tech across a cluster of industries. The workflow automation platform also functions as a multi-level bridge between off-chain applications and blockchains.
The technology underpinning PARSIQ is a proprietary ParsiQL programming language that enables users to monitor and interpret continuous data streams on the blockchain in real-time. This makes it possible to monitor traders and normal user wallets.
Solana, on the other hand, is a top-level blockchain that utilizes Proof of Stake (PoS) to deliver scalability without compromising security or decentralization.
For the first time, Solana unveils synchronous parallelizing of transaction processing on GPUs, using Proof of History (PoH). This allows speedy, low latency, and relatively cheap transactions all in layer 1, without sharding.
Developed by an expert team of former Apple, Dropbox, Intel, and Qualcomm engineers, Solana is led by The Solana Foundation, and its purpose is advanced by a loyal group of decentralized developers worldwide.
Ethereum ‘Seriously Undervalued’ at Its Current Market Cap, Says Crypto Analyst Lark Davis
Crypto analyst and trader Lark Davis thinks Ethereum (ETH) is massively undervalued with the potential to explode in the coming years.
In a new video, Davis compares Ethereum to PayPal, showing that Ethereum is already far outpacing the payment giant despite its smaller size in terms of market capitalization.
“Now, PayPal is one of the world’s biggest online payment providers. So how does Ethereum stack up versus this payment giant?
Well currently, the market cap of PayPal [is] $344 billion. So Ethereum is worth $100 billion less than the PayPal company is worth. Now you might think, ‘Okay, that’s a pretty bad comparison. PayPal, it’s such a huge company. It does so much more business than Ethereum.’
Does it? Well, let’s dig into the facts here.”
Davis shows that in 2020, PayPal handled $936 billion in total transaction volume. Compared to Ethereum, Davis says PayPal isn’t keeping pace. The second-largest cryptocurrency handled $1.5 trillion in total on-chain settlements in just the first quarter of 2021 alone, according to the crypto analyst.
“So in just the first quarter, Ethereum did 50% more transactional volume than PayPal did in the entire year in 2020. Incredible. It’s no wonder PayPal is starting to sell Bitcoin and Ethereum to their clients because they’re gonna get Blockbustered if they don’t.
They can see where the future is heading, and it’s heading to online payments, which is exactly why PayPal has, of course, started to allow its customers to pay for things online using the Bitcoin and Ethereum in their PayPal accounts.
Smart move, PayPal, smart move. But that, of course, is a nice strategic move, but the numbers really speak for themselves about the dominance of Ethereum as an online settlement provider. It’s incredible. $1.5 trillion in Q1. And you know what’s the crazy thing? It’s been even more than that. That’s just Q1 we’re talking about.”
Crypto analyst and trader Lark Davis thinks Ethereum (ETH) is massively undervalued with the potential to explode in the coming years.
In a new video, Davis compares Ethereum to PayPal, showing that Ethereum is already far outpacing the payment giant despite its smaller size in terms of market capitalization.
“Now, PayPal is one of the world’s biggest online payment providers. So how does Ethereum stack up versus this payment giant?
Well currently, the market cap of PayPal [is] $344 billion. So Ethereum is worth $100 billion less than the PayPal company is worth. Now you might think, ‘Okay, that’s a pretty bad comparison. PayPal, it’s such a huge company. It does so much more business than Ethereum.’
Does it? Well, let’s dig into the facts here.”
Davis shows that in 2020, PayPal handled $936 billion in total transaction volume. Compared to Ethereum, Davis says PayPal isn’t keeping pace. The second-largest cryptocurrency handled $1.5 trillion in total on-chain settlements in just the first quarter of 2021 alone, according to the crypto analyst.
“So in just the first quarter, Ethereum did 50% more transactional volume than PayPal did in the entire year in 2020. Incredible. It’s no wonder PayPal is starting to sell Bitcoin and Ethereum to their clients because they’re gonna get Blockbustered if they don’t.
They can see where the future is heading, and it’s heading to online payments, which is exactly why PayPal has, of course, started to allow its customers to pay for things online using the Bitcoin and Ethereum in their PayPal accounts.
Smart move, PayPal, smart move. But that, of course, is a nice strategic move, but the numbers really speak for themselves about the dominance of Ethereum as an online settlement provider. It’s incredible. $1.5 trillion in Q1. And you know what’s the crazy thing? It’s been even more than that. That’s just Q1 we’re talking about.”
Barracuda Networks: BTC Ransomware Attacks Have Increased Tenfold
The bitcoin spikes that have occurred over the past year have led to serious jumps in ransomware attacks according to new data from Barracuda Networks, a company that provides cybersecurity products and services.
Barracuda Networks Sheds Light on BTC RansomwareBetween October of last year and May of 2021, the price of bitcoin rose by nearly 400 percent. That is the good news. Obviously, there are many crypto traders that raked in some heavy profits, and several individuals out there that are much richer than they ever thought they could be. However, there is a downside in that the growth of an asset space will usually lead to an increase in malicious behavior, and there are those out there looking to get their fingers on digital currencies they did not earn.
During this same seven-month period, Barracuda recorded a nearly 200 percent rise in ransomware attacks. Many times, bitcoin is the target of many of the criminals that take part in these kinds of attacks, as they believe it to be untraceable and hard to locate.
The bitcoin spikes that have occurred over the past year have led to serious jumps in ransomware attacks according to new data from Barracuda Networks, a company that provides cybersecurity products and services.
Barracuda Networks Sheds Light on BTC RansomwareBetween October of last year and May of 2021, the price of bitcoin rose by nearly 400 percent. That is the good news. Obviously, there are many crypto traders that raked in some heavy profits, and several individuals out there that are much richer than they ever thought they could be. However, there is a downside in that the growth of an asset space will usually lead to an increase in malicious behavior, and there are those out there looking to get their fingers on digital currencies they did not earn.
During this same seven-month period, Barracuda recorded a nearly 200 percent rise in ransomware attacks. Many times, bitcoin is the target of many of the criminals that take part in these kinds of attacks, as they believe it to be untraceable and hard to locate.
Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins
U.S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins.
U.S. Department of the Treasury’s Office of Public Affairs announced Monday the outcome of the meeting of the President’s Working Group on Financial Markets (PWG) which Treasury Secretary Janet Yellen convened to discuss stablecoin regulation.The meeting, which took place Monday, was joined by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).“In the meeting, participants discussed the rapid growth of stablecoins, potential uses of stablecoins as a means of payment, and potential risks to end-users, the financial system, and national security,” the announcement details, adding:The Secretary underscored the need to act quickly to ensure there is an appropriate U.S. regulatory framework in place … The PWG expects to issue recommendations in the coming months.
The meeting was attended by Yellen, Fed Chairman Jerome Powell, SEC Chairman Gary Gensler, CFTC Acting Chairman Rostin Behnam, FDIC Chairman Jelena McWilliams, Acting Comptroller of the Currency Michael J. Hsu, Fed Vice Chair Randal Quarles, and Treasury’s Under Secretary for Domestic Finance J. Nellie Liang.
Regulators worldwide are increasing their efforts to regulate stablecoins. The Bank of England, for example, has said payments made with stablecoins should be regulated in the same way as payments made by banks if they become widely used.A growing number of regulators see stablecoins as posing financial stability risks, unlike cryptocurrencies such as bitcoin. ECB President Christine Lagarde said in November last year that stablecoins, such as the Facebook-backed crypto, could pose “serious risks.” If widely adopted, “they could threaten financial stability and monetary sovereignty,” she said.Last week, Fed Chairman Powell claimed that you would not need stablecoins or cryptocurrencies if you had a digital U.S. currency.
U.S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins.
U.S. Department of the Treasury’s Office of Public Affairs announced Monday the outcome of the meeting of the President’s Working Group on Financial Markets (PWG) which Treasury Secretary Janet Yellen convened to discuss stablecoin regulation.The meeting, which took place Monday, was joined by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).“In the meeting, participants discussed the rapid growth of stablecoins, potential uses of stablecoins as a means of payment, and potential risks to end-users, the financial system, and national security,” the announcement details, adding:The Secretary underscored the need to act quickly to ensure there is an appropriate U.S. regulatory framework in place … The PWG expects to issue recommendations in the coming months.
The meeting was attended by Yellen, Fed Chairman Jerome Powell, SEC Chairman Gary Gensler, CFTC Acting Chairman Rostin Behnam, FDIC Chairman Jelena McWilliams, Acting Comptroller of the Currency Michael J. Hsu, Fed Vice Chair Randal Quarles, and Treasury’s Under Secretary for Domestic Finance J. Nellie Liang.
Regulators worldwide are increasing their efforts to regulate stablecoins. The Bank of England, for example, has said payments made with stablecoins should be regulated in the same way as payments made by banks if they become widely used.A growing number of regulators see stablecoins as posing financial stability risks, unlike cryptocurrencies such as bitcoin. ECB President Christine Lagarde said in November last year that stablecoins, such as the Facebook-backed crypto, could pose “serious risks.” If widely adopted, “they could threaten financial stability and monetary sovereignty,” she said.Last week, Fed Chairman Powell claimed that you would not need stablecoins or cryptocurrencies if you had a digital U.S. currency.
Veteran Investor Mark Mobius Warns That This Factor Will Determine Bitcoin’s Next Move
Renowned investor and co-founder of Mobius Capital Partners Mark Mobius says that the price of Bitcoin is at risk of breaking “lower” as more regulation causes enthusiasm for crypto to fade.
In an interview with Bloomberg, Mobius predicts that an increasing amount of government attention comes down hard on the crypto sector.
“I’m afraid it’s [Bitcoin] going to break lower. I hate to say this because I have a lot of friends in that space. But I don’t see how the enthusiasm about cryptocurrencies can grow in this environment because you’re going to see governments more and more cracking down in this area.
And you can see the Bitcoin companies that do the trading are beginning to be hit as well, which is why probably a lot of them are rushing to the market in order to catch the opportunity.”
Renowned investor and co-founder of Mobius Capital Partners Mark Mobius says that the price of Bitcoin is at risk of breaking “lower” as more regulation causes enthusiasm for crypto to fade.
In an interview with Bloomberg, Mobius predicts that an increasing amount of government attention comes down hard on the crypto sector.
“I’m afraid it’s [Bitcoin] going to break lower. I hate to say this because I have a lot of friends in that space. But I don’t see how the enthusiasm about cryptocurrencies can grow in this environment because you’re going to see governments more and more cracking down in this area.
And you can see the Bitcoin companies that do the trading are beginning to be hit as well, which is why probably a lot of them are rushing to the market in order to catch the opportunity.”
Save the Children Senior Advisor: We Chose ADA Because Its Backed by the Cardano Foundation
In July 2021, the non-governmental organization (NGO) Save the Children in Rwanda announced it partnered with the Cardano Foundation on a project that allows well-wishers to make donations in the form of cryptocurrencies.
Save the Children Meets ADAAt the time, it was revealed that Save the Children’s acceptance of ADA donations was not the first time the non-governmental organization (NGO) had accepted crypto. In fact, Save the Children says it has been accepting donations in cryptocurrency form since 2013.
However, some have questioned the wisdom of accepting donations in a form of currency that they argue is too volatile. On the other hand, others want to know why a charity organization that is over a hundred years old has chosen to work with Cardano.
In July 2021, the non-governmental organization (NGO) Save the Children in Rwanda announced it partnered with the Cardano Foundation on a project that allows well-wishers to make donations in the form of cryptocurrencies.
Save the Children Meets ADAAt the time, it was revealed that Save the Children’s acceptance of ADA donations was not the first time the non-governmental organization (NGO) had accepted crypto. In fact, Save the Children says it has been accepting donations in cryptocurrency form since 2013.
However, some have questioned the wisdom of accepting donations in a form of currency that they argue is too volatile. On the other hand, others want to know why a charity organization that is over a hundred years old has chosen to work with Cardano.
Some really interesting news about TrendGuru AI project has been popping up in many crypto related media in the last few days. It looks like Artificial Intelligence has started a revolution in the crypto market!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Blockchain asset management platform Tokensoft now supports Polkadot Parachains
Tokensoft, a platform for creating and managing blockchain assets, has announced it now supports Polkadot projects participating in Parachain Slot Auctions. Polkadot community projects can use the Tokensoft platform to bootstrap a bid on Polkadot Parachain slots, raise funds in $DOT, and distribute digital assets to Polkadot community members.
“The Polkadot ecosystem is expanding at a rapid pace, and we’re excited to bring a suite of tools that allows Polkadot-based projects to raise the funds they need to secure a slot and launch a new parachain.”– Mason Borda., CEO of Tokensoft
Tokensoft, a platform for creating and managing blockchain assets, has announced it now supports Polkadot projects participating in Parachain Slot Auctions. Polkadot community projects can use the Tokensoft platform to bootstrap a bid on Polkadot Parachain slots, raise funds in $DOT, and distribute digital assets to Polkadot community members.
“The Polkadot ecosystem is expanding at a rapid pace, and we’re excited to bring a suite of tools that allows Polkadot-based projects to raise the funds they need to secure a slot and launch a new parachain.”– Mason Borda., CEO of Tokensoft
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
💵💵💵
Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
Bitcoin’s Mid-May Hash Rate Levels Expected to Return to Breakeven as Chinese Miners Continue to Pile Up in the US
Despite reports of increased mining difficulty across major cryptocurrencies increasingly often pointed at the massive Chinese miners’ exodus following crypto mining crackdowns in China, Bitcoin’s hash rate is recovering at an exceptional rate.
The hash rate in crypto mining refers to a measure of the computational power per second use when mining or simply, the speed of mining. An increase in hash rate points to increased difficulty in mining. According to stats from coinwarz, the leading crypto asset’s mining hash rate reached an all-time high on May 9 earlier in the year recording 191.42 EH/s before plunging to 69.11 EH/s in June.
Despite reports of increased mining difficulty across major cryptocurrencies increasingly often pointed at the massive Chinese miners’ exodus following crypto mining crackdowns in China, Bitcoin’s hash rate is recovering at an exceptional rate.
The hash rate in crypto mining refers to a measure of the computational power per second use when mining or simply, the speed of mining. An increase in hash rate points to increased difficulty in mining. According to stats from coinwarz, the leading crypto asset’s mining hash rate reached an all-time high on May 9 earlier in the year recording 191.42 EH/s before plunging to 69.11 EH/s in June.
Mastercard Makes Big Crypto Move As It Acquires Cryptocurrency Data Firm CipherTrace
Key Takeaways
MasterCard to acquire cryptocurrency analytics firm CipherTrace before the year runs out.The new acquisition furthers MasterCard’s foray into the digital assets space. MasterCard is not the only traditional remittance company adopting digital assets. MasterCard today announced it will acquire cryptocurrency intelligence and analytics firm CipherTrace. The acquisition is for an undisclosed sum and is expected to be completed before the year runs out.
The payment giant aims to step up its game in the digital assets sector with the acquisition. They see digital assets as having great potential to redefine the way people transact on the internet and aim to be at the helm of affairs with providing safety for users. This was revealed by Ajay Bhalla, President of cyber and intelligence at Mastercard, in a statement as the company’s reason for the acquisition.
Key Takeaways
MasterCard to acquire cryptocurrency analytics firm CipherTrace before the year runs out.The new acquisition furthers MasterCard’s foray into the digital assets space. MasterCard is not the only traditional remittance company adopting digital assets. MasterCard today announced it will acquire cryptocurrency intelligence and analytics firm CipherTrace. The acquisition is for an undisclosed sum and is expected to be completed before the year runs out.
The payment giant aims to step up its game in the digital assets sector with the acquisition. They see digital assets as having great potential to redefine the way people transact on the internet and aim to be at the helm of affairs with providing safety for users. This was revealed by Ajay Bhalla, President of cyber and intelligence at Mastercard, in a statement as the company’s reason for the acquisition.
Coinbase Pro Leads Crypto App Explosion As Digital Trading Platforms Surge in Popularity
Coinbase Pro is at the forefront of the crypto app explosion amid the surging popularity of digital asset trading platforms.
Compiling a list of the fastest-growing finance apps based on data from intelligence platform Apptopia, Business Insider reveals that Coinbase Pro is second to none in terms of popularity after witnessing a 318.85% increase in downloads in the second week of September.
The trading app of US-based crypto exchange Coinbase is followed by Voyager, a mobile broker that supports trading of over 60 altcoins. Voyager downloads saw a 232.73% surge during the same time period.
The fourth fastest-growing finance app on the list is Binance. The number of downloads for the smartphone platform of the global crypto exchange rose over 120%, according to Business Insider.
Coinbase Pro is at the forefront of the crypto app explosion amid the surging popularity of digital asset trading platforms.
Compiling a list of the fastest-growing finance apps based on data from intelligence platform Apptopia, Business Insider reveals that Coinbase Pro is second to none in terms of popularity after witnessing a 318.85% increase in downloads in the second week of September.
The trading app of US-based crypto exchange Coinbase is followed by Voyager, a mobile broker that supports trading of over 60 altcoins. Voyager downloads saw a 232.73% surge during the same time period.
The fourth fastest-growing finance app on the list is Binance. The number of downloads for the smartphone platform of the global crypto exchange rose over 120%, according to Business Insider.
Send Gold With the Tap of a Button
September 30, 2021 – London, United Kingdom
Today, Kinesis Money, the monetary system backed 1:1 by precious metals, welcomes the ‘send-to-email’ function to its platform, facilitating the ease of rapid, secure and easy gold and crypto payments globally. Importantly, this feature update will reduce any barriers to entry to the crypto and gold investment markets.With a rapid onboarding of new users to the platform, more will encounter the visibility and relevance of crypto and gold currencies in their everyday lives, opening the door for people to pay anybody in the world for their services, with the click of a button.
Until now, sending crypto payments required information from two parties – a sender and a receiver – to exchange a private key, meaning ‘send-to-email’ will reduce any previous barriers for newcomers to crypto. The function allows instantaneous interaction with a user’s private crypto key via email, eliminating the need to exchange information, thereby making the sending of funds easier than ever.
September 30, 2021 – London, United Kingdom
Today, Kinesis Money, the monetary system backed 1:1 by precious metals, welcomes the ‘send-to-email’ function to its platform, facilitating the ease of rapid, secure and easy gold and crypto payments globally. Importantly, this feature update will reduce any barriers to entry to the crypto and gold investment markets.With a rapid onboarding of new users to the platform, more will encounter the visibility and relevance of crypto and gold currencies in their everyday lives, opening the door for people to pay anybody in the world for their services, with the click of a button.
Until now, sending crypto payments required information from two parties – a sender and a receiver – to exchange a private key, meaning ‘send-to-email’ will reduce any previous barriers for newcomers to crypto. The function allows instantaneous interaction with a user’s private crypto key via email, eliminating the need to exchange information, thereby making the sending of funds easier than ever.
Next Leg Up for Polkadot May Push Price 200% Up or Higher, According to Crypto Analyst Benjamin Cowen
Closely followed crypto analyst Benjamin Cowen says Polkadot’s (DOT) next leg up could have enough steam to take the smart contract platform to fresh all-time highs.
In a new strategy session, Cowen says DOT is “very, very likely” in a reaccumulation phase, forming a similar pattern to its price action in late 2020 right before it exploded from $3.00 or so to nearly $50 in a matter of weeks.
“My speculation, dubious as it may, is that this range here is just simple reaccumulation which will inevitably take us to higher levels. I would also speculate that the next move should be able to get us over the $100 mark. I’m sincerely hoping it can get us over the $200 mark as well and maybe even beyond. Let’s just take it one step at a time.”
With Polkadot’s current value of $36.70, a move beyond $100 represents a potential upside of about 200%.
Closely followed crypto analyst Benjamin Cowen says Polkadot’s (DOT) next leg up could have enough steam to take the smart contract platform to fresh all-time highs.
In a new strategy session, Cowen says DOT is “very, very likely” in a reaccumulation phase, forming a similar pattern to its price action in late 2020 right before it exploded from $3.00 or so to nearly $50 in a matter of weeks.
“My speculation, dubious as it may, is that this range here is just simple reaccumulation which will inevitably take us to higher levels. I would also speculate that the next move should be able to get us over the $100 mark. I’m sincerely hoping it can get us over the $200 mark as well and maybe even beyond. Let’s just take it one step at a time.”
With Polkadot’s current value of $36.70, a move beyond $100 represents a potential upside of about 200%.
Forwarded from TrendGuru AI
A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
The US Fully Embraces Bitcoin, Is Bitcoin Ready for $200,000?
The first bitcoin ETF launched on October 19. It took bitcoin less than a year to reach $64,000 from $10,000, but it took eight years for a bitcoin ETF to win approval from the SEC.
Let’s look back on 2013, when Tyler and Cameron Winklevoss, founders of crypto exchange Gemini, applied for the approval of bitcoin ETF, the event was considered to be the 20 dumbest things of 2013 by Mad Magazine. During the past eight years, more than a dozen petitions were made but they had been held back by the SEC. With bitcoin gaining more and more influence, a bitcoin ETF became a problem of when, not a problem of yes or no.
The first bitcoin ETF launched on October 19. It took bitcoin less than a year to reach $64,000 from $10,000, but it took eight years for a bitcoin ETF to win approval from the SEC.
Let’s look back on 2013, when Tyler and Cameron Winklevoss, founders of crypto exchange Gemini, applied for the approval of bitcoin ETF, the event was considered to be the 20 dumbest things of 2013 by Mad Magazine. During the past eight years, more than a dozen petitions were made but they had been held back by the SEC. With bitcoin gaining more and more influence, a bitcoin ETF became a problem of when, not a problem of yes or no.