👋Hey Nimbus Community,
Today on Nimbus Glossary, we're talking about the term ✨KYC✨
More Facts About KYC?
✅ KYC processes usually begin with collecting basic data and information about customers in a process known as electronic identity verification.
Details such as a user's name, birthday, account number, and social security details can all be valuable pieces of information when detecting any fraudulent activity or financial crime.
✅ After receiving this information, organizations usually check a database of individuals convicted for corruption to see if any customers may overlap. The information is often also compared against a list of sanctions or a list of politically exposed persons.
Today on Nimbus Glossary, we're talking about the term ✨KYC✨
More Facts About KYC?
✅ KYC processes usually begin with collecting basic data and information about customers in a process known as electronic identity verification.
Details such as a user's name, birthday, account number, and social security details can all be valuable pieces of information when detecting any fraudulent activity or financial crime.
✅ After receiving this information, organizations usually check a database of individuals convicted for corruption to see if any customers may overlap. The information is often also compared against a list of sanctions or a list of politically exposed persons.
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How do you think, is KYC a truly useful tool or just another way to control the society?
Anonymous Poll
27%
Answer 1: It’s a much-needed tool
60%
Answer 2: It’s useless
14%
Answer 3: Neither one - I’ll comment in the chat
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Nimbus CEO Alex Lemberg was invited on Bloomberg's The Tape Podcast to take about:
✅ DeFi and the cities looking to become crypto hubs
✅ Nimbus Platform as a deep-rooted DeFi ecosystem
✅ Outlook for Crypto in 2022 and beyond
Couldn't listen to the podcast when it went live❓
We got you!
Tune in to the conversation between Alex and Bloomberg hosts. Fast forward to 15 minute 👉 Here!
✅ DeFi and the cities looking to become crypto hubs
✅ Nimbus Platform as a deep-rooted DeFi ecosystem
✅ Outlook for Crypto in 2022 and beyond
Couldn't listen to the podcast when it went live❓
We got you!
Tune in to the conversation between Alex and Bloomberg hosts. Fast forward to 15 minute 👉 Here!
Bloomberg
Markets, Fixed Income, And Crypto Investments - Bloomberg
Matt Miller and Paul Sweeney focus on market coverage as Wall Street begins its day, with analysis from Bloomberg Opinion writers, Bloomberg Intelligence analysts, and influential newsmakers.
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✋Hey Nimbus community,
😳 This week 21Shares AG, aka the world’s largest issuer of cryptocurrency ETPs, announced the listing of the first crypto ETP for the Cosmos blockchain in CHF, EUR, and USD on SIX Swiss Exchange. The product is geared toward investors who look to “capitalize on the growth trajectory of interoperable, decentralized blockchains that are empowering the early stages of the metaverse.” Sounds promising, isn’t it?
👽 Another great news was that Bloomberg and Grayscale Investments announced the launch of the Bloomberg Grayscale Future of Finance Index, tracking the rapidly evolving digital economy – specifically the confluence of technology, finance, and digital assets. The index includes companies that сould significantly contribute to the growth of the digital economy and its overall revenue within the next two years.
😱 Elsewhere Google has partnered with Coinbase Global and BitPay, to store crypto assets in digital cards, while still having users pay in traditional currencies. On top of that, the IT giant has hired former PayPal Holdings Inc. executive Arnold Goldberg to run its payments division and set a new course for the business after it scrapped a push into banking. This move should be considered part of a broader strategy to team up with a wider range of financial services, including cryptocurrencies.
🏄♀️ In the NFT universe, Coinbase and Mastercard partnered to make it as easy as possible to buy an NFT and make sure it’s the best consumer experience. The company also disclosed its plans to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.
😳 This week 21Shares AG, aka the world’s largest issuer of cryptocurrency ETPs, announced the listing of the first crypto ETP for the Cosmos blockchain in CHF, EUR, and USD on SIX Swiss Exchange. The product is geared toward investors who look to “capitalize on the growth trajectory of interoperable, decentralized blockchains that are empowering the early stages of the metaverse.” Sounds promising, isn’t it?
👽 Another great news was that Bloomberg and Grayscale Investments announced the launch of the Bloomberg Grayscale Future of Finance Index, tracking the rapidly evolving digital economy – specifically the confluence of technology, finance, and digital assets. The index includes companies that сould significantly contribute to the growth of the digital economy and its overall revenue within the next two years.
😱 Elsewhere Google has partnered with Coinbase Global and BitPay, to store crypto assets in digital cards, while still having users pay in traditional currencies. On top of that, the IT giant has hired former PayPal Holdings Inc. executive Arnold Goldberg to run its payments division and set a new course for the business after it scrapped a push into banking. This move should be considered part of a broader strategy to team up with a wider range of financial services, including cryptocurrencies.
🏄♀️ In the NFT universe, Coinbase and Mastercard partnered to make it as easy as possible to buy an NFT and make sure it’s the best consumer experience. The company also disclosed its plans to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.
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👋Hey Nimbus Community,
A lot of you have been minting your own Smart LP n-NFT, since its launch.
But, have you ever thought about why issuing an n-NFT is called "Minting" or what exactly is minting?
The answer lies within today’s edition of the #NimbusGlossary
✅ By the way, minting a non-fungible token or NFT is slightly different than minting a cryptocurrency. For example, in order to mint your own Smart LP n-NFT, you simply need to supply 1BNB. Once that’s done, the strategy dynamically distributes your supplied BNB into three different streams to accrue 3 different types of rewards. Try it 👉 Here!
P.S - If you’re wondering what is Proof of Work or Proof of Stake. Don’t worry, we’ll cover the terms in the following glossaries!
A lot of you have been minting your own Smart LP n-NFT, since its launch.
But, have you ever thought about why issuing an n-NFT is called "Minting" or what exactly is minting?
The answer lies within today’s edition of the #NimbusGlossary
✅ By the way, minting a non-fungible token or NFT is slightly different than minting a cryptocurrency. For example, in order to mint your own Smart LP n-NFT, you simply need to supply 1BNB. Once that’s done, the strategy dynamically distributes your supplied BNB into three different streams to accrue 3 different types of rewards. Try it 👉 Here!
P.S - If you’re wondering what is Proof of Work or Proof of Stake. Don’t worry, we’ll cover the terms in the following glossaries!
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✋Happy Friday Nimbus community,
🧠 Russian President Vladimir Putin decided to back government’s proposal to tax and regulate mining of cryptocurrencies, thus rejecting the central bank’s proposal to ban it completely. On top of that, he supports the proposal to restrict mining to regions with a surplus of electricity, such as Irkutsk, Krasnoyarsk and Karelia.
😳 Somewhere else, Warner Music Group made a serious move into the metaverse. To be more precise, decentralized gaming virtual world The Sandbox has partnered with WMG to create what it describes as “the first music-themed world”. According to WMG, these immersive experiences “will empower Warner Music artists to engage with their fans, as well as to reach the global community of The Sandbox”.
🥇 Google’s cloud division in the meantime has formed a group to build business around blockchain applications. If things go the right way Google will be able to further diversify away from advertising and become more prominent in the growing market for computing and storage services delivered from remote third-party data centers.
🧐 Finally, YouTube CEO Susan Wojcicki suggested the company is looking to branch into NFTs in the future as another source of revenue for creators. Wojcicki referred to the innovations taking place in the web3 world as a “source of inspiration to continue innovating on YouTube.
🧠 Russian President Vladimir Putin decided to back government’s proposal to tax and regulate mining of cryptocurrencies, thus rejecting the central bank’s proposal to ban it completely. On top of that, he supports the proposal to restrict mining to regions with a surplus of electricity, such as Irkutsk, Krasnoyarsk and Karelia.
😳 Somewhere else, Warner Music Group made a serious move into the metaverse. To be more precise, decentralized gaming virtual world The Sandbox has partnered with WMG to create what it describes as “the first music-themed world”. According to WMG, these immersive experiences “will empower Warner Music artists to engage with their fans, as well as to reach the global community of The Sandbox”.
🥇 Google’s cloud division in the meantime has formed a group to build business around blockchain applications. If things go the right way Google will be able to further diversify away from advertising and become more prominent in the growing market for computing and storage services delivered from remote third-party data centers.
🧐 Finally, YouTube CEO Susan Wojcicki suggested the company is looking to branch into NFTs in the future as another source of revenue for creators. Wojcicki referred to the innovations taking place in the web3 world as a “source of inspiration to continue innovating on YouTube.
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👋Hey Nimbus Community,
As promised in the last #NimbusGlossary edition, we present you with the term - ✨Proof-of-Stake (PoS)✨
Here are some key facts on PoS:
✅ Unlike its counterpart Proof-of-Work, PoS is considered a more energy-efficient consensus mechanism. It requires relatively less computation power, a low barrier to entry costs, etc.
✅ PoS also makes the mechanism less vulnerable to cyberattacks by design since it will also negatively affect the miner's interest (the malicious miner also has tokens locked as collateral) who initiated the attack. Moreover, the person attacking the network will have to own 51% of the stakes. The network also incentivizes to keep the network secure and healthy.
✅ Becoming a validator means accepting significant responsibility and possessing a high level of technical expertise.
✅ For instance, the minimum amount a validator should stake is relatively huge (For ETH 2.0 minimum staking amount is 32 ETH).
As promised in the last #NimbusGlossary edition, we present you with the term - ✨Proof-of-Stake (PoS)✨
Here are some key facts on PoS:
✅ Unlike its counterpart Proof-of-Work, PoS is considered a more energy-efficient consensus mechanism. It requires relatively less computation power, a low barrier to entry costs, etc.
✅ PoS also makes the mechanism less vulnerable to cyberattacks by design since it will also negatively affect the miner's interest (the malicious miner also has tokens locked as collateral) who initiated the attack. Moreover, the person attacking the network will have to own 51% of the stakes. The network also incentivizes to keep the network secure and healthy.
✅ Becoming a validator means accepting significant responsibility and possessing a high level of technical expertise.
✅ For instance, the minimum amount a validator should stake is relatively huge (For ETH 2.0 minimum staking amount is 32 ETH).
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✋Hey Nimbus community,
🙈 Have you heard the news? The Philadelphia city government is exploring a partnership with CityCoins to help boost its treasury with cryptocurrency. It is worth mentioning that New York City and Miami are already using CityCoins to increase their treasury holdings. Thirty percent of mined STX tokens are sent to the city’s wallet then sold for USD which goes directly into the city treasury. Miners retain the rest.
🧐 In Japan, meanwhile, the crypto industry’s self-regulatory body is considering making it easier to list digital tokens. Long story short, crypto exchanges would be allowed to list more than a dozen coins in one go without a lengthy screening process, said the people who asked not to be identified discussing private deliberations. Until recently, any token listing had to go through a screening that takes six months or longer, they said.
🤓 Talking about the metaverse, Morgan Stanley predicts that the nascent virtual space in China will be approximately $4 trillion, as it replaces the mobile internet with a more “immersive experience.” Once the metaverse begins disrupting offline activity, such as vehicle test-drives, real-estate showings and education, that opportunity will swell to $8 trillion. No surprise more and more companies are investing in the development of metaverse…
🥳 Finally yet importantly, entertainment giant Disney is seeking to hire a business development manager who will help to lead its foray into the red-hot non-fungible token (NFT) space. Whoever is hired for the aforementioned position will be responsible for “monitoring the evolving marketplace,” strategizing new business opportunities and negotiating key partnerships. Basically, it means that the NFT industry will continue to gain momentum!
🙈 Have you heard the news? The Philadelphia city government is exploring a partnership with CityCoins to help boost its treasury with cryptocurrency. It is worth mentioning that New York City and Miami are already using CityCoins to increase their treasury holdings. Thirty percent of mined STX tokens are sent to the city’s wallet then sold for USD which goes directly into the city treasury. Miners retain the rest.
🧐 In Japan, meanwhile, the crypto industry’s self-regulatory body is considering making it easier to list digital tokens. Long story short, crypto exchanges would be allowed to list more than a dozen coins in one go without a lengthy screening process, said the people who asked not to be identified discussing private deliberations. Until recently, any token listing had to go through a screening that takes six months or longer, they said.
🤓 Talking about the metaverse, Morgan Stanley predicts that the nascent virtual space in China will be approximately $4 trillion, as it replaces the mobile internet with a more “immersive experience.” Once the metaverse begins disrupting offline activity, such as vehicle test-drives, real-estate showings and education, that opportunity will swell to $8 trillion. No surprise more and more companies are investing in the development of metaverse…
🥳 Finally yet importantly, entertainment giant Disney is seeking to hire a business development manager who will help to lead its foray into the red-hot non-fungible token (NFT) space. Whoever is hired for the aforementioned position will be responsible for “monitoring the evolving marketplace,” strategizing new business opportunities and negotiating key partnerships. Basically, it means that the NFT industry will continue to gain momentum!
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👋Hey Nimbus Community,
Didn’t get enough time to fulfill the terms of the Dubai Contest? We have great news for you!
We have extended participation till February 28th!
You have ~24 more days to:
✅ Reach up to 30,000 BUSD turnover of your 1st line or Rank 21 (group turnover) on NBU Staking volume via the Nimbus Affiliate Program
Or
✅ Reach a Staking volume of up to 45,000 BUSD of your 1st line to get you and your partner on board to the land of wonders
🔹More info and participation details 👉 Here!
Don’t miss out! This is your chance to fly to the land of wonders for free!✈️🌇
Didn’t get enough time to fulfill the terms of the Dubai Contest? We have great news for you!
We have extended participation till February 28th!
You have ~24 more days to:
✅ Reach up to 30,000 BUSD turnover of your 1st line or Rank 21 (group turnover) on NBU Staking volume via the Nimbus Affiliate Program
Or
✅ Reach a Staking volume of up to 45,000 BUSD of your 1st line to get you and your partner on board to the land of wonders
🔹More info and participation details 👉 Here!
Don’t miss out! This is your chance to fly to the land of wonders for free!✈️🌇
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👋Hey Nimbus Community,
Important Update on Bug Bounty Program!
The scope of the program now focuses on the following functionalities:
✅ Lending-Borrowing dApp
✅ P2P Exchange
✅ NFT
You can view the changes 👉 Here!
Get on your hunting game!🏹
Important Update on Bug Bounty Program!
The scope of the program now focuses on the following functionalities:
✅ Lending-Borrowing dApp
✅ P2P Exchange
✅ NFT
You can view the changes 👉 Here!
Get on your hunting game!🏹
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✋Hey Nimbus Community,
Nimbus’s latest audit report run by Certik has been officially updated on the Certik Website.
The audit is a security assessment of the Nimbus Codebase.
For more details and statistics, go 👉 Here!
Nimbus’s latest audit report run by Certik has been officially updated on the Certik Website.
The audit is a security assessment of the Nimbus Codebase.
For more details and statistics, go 👉 Here!
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👋Hey Nimbus Community,
In the last #NimbusGlossary edition, we talked about PoS. It's time to talk about its precursor - ✨Proof-of-Work (PoW)✨
More facts about PoW:
✅ A miner cannot cheat or verify a bad block, thanks to Public Key Cryptography. When a user creates a transaction, they sign it, and anyone on the network can compare the user's sign and verify if they match the public key. So, any block that contains an invalid transaction gets rejected by the network. So the miner will only be wasting their resources should they attempt to cheat
✅ PoW is expensive and consumes a lot of computing power of the miner
✅ PoS that was released in 2011 is the more efficient mechanism of verifying the transaction, was considered to be a hybrid alternative to PoW
✅ Proof of Stake does have some benefits over Proof of Work. The most notable one is the smaller carbon footprint
In the last #NimbusGlossary edition, we talked about PoS. It's time to talk about its precursor - ✨Proof-of-Work (PoW)✨
More facts about PoW:
✅ A miner cannot cheat or verify a bad block, thanks to Public Key Cryptography. When a user creates a transaction, they sign it, and anyone on the network can compare the user's sign and verify if they match the public key. So, any block that contains an invalid transaction gets rejected by the network. So the miner will only be wasting their resources should they attempt to cheat
✅ PoW is expensive and consumes a lot of computing power of the miner
✅ PoS that was released in 2011 is the more efficient mechanism of verifying the transaction, was considered to be a hybrid alternative to PoW
✅ Proof of Stake does have some benefits over Proof of Work. The most notable one is the smaller carbon footprint
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✋Hey Nimbus community,
🥇 Did you know that the US government now holds $4 billion in Bitcoin? It is almost double Tesla’s wallet! It is forecasted that as long as cryptocurrency-related crimes continue to grow, the US government’s crypto pockets will get bigger too. The question then becomes, can the government’s funds beat the Grayscale Bitcoin Trust, which has $27.93 billion, and MicroStrategy, which holds $5.43 billion worth of BTC?
🙊 In terms of crypto integration, this time Apple stood out. Long story short, the company has presented a new Tap to Pay on iPhone feature, which raises hopes of on-device crypto transactions in the near future. Although it is not to become available until later in 2022, its launch has led to speculation that it will also unlock the ability to buy using cryptocurrencies via the new system. Dispute the fact that the new ability will only be available in the US on its release — it is a big step for the industry.
🍔 Talking about NFTs, McDonald’s has just recently filed trademark applications for virtual goods, services, and even virtual restaurants and cafes. Are you ready for some meta burgers?
👼 Last but not least, Gucci announced that it will launch its own virtual world on digital real estate platform The Sandbox, as it expands its presence in the metaverse for its Gen Z-focused platform Gucci Vault. The brand has even purchased an undisclosed amount of land on The Sandbox, which lets people and brands buy and develop virtual real estate. Gucci and The Sandbox will create an interactive fashion experience based on Gucci Vault.
🥇 Did you know that the US government now holds $4 billion in Bitcoin? It is almost double Tesla’s wallet! It is forecasted that as long as cryptocurrency-related crimes continue to grow, the US government’s crypto pockets will get bigger too. The question then becomes, can the government’s funds beat the Grayscale Bitcoin Trust, which has $27.93 billion, and MicroStrategy, which holds $5.43 billion worth of BTC?
🙊 In terms of crypto integration, this time Apple stood out. Long story short, the company has presented a new Tap to Pay on iPhone feature, which raises hopes of on-device crypto transactions in the near future. Although it is not to become available until later in 2022, its launch has led to speculation that it will also unlock the ability to buy using cryptocurrencies via the new system. Dispute the fact that the new ability will only be available in the US on its release — it is a big step for the industry.
🍔 Talking about NFTs, McDonald’s has just recently filed trademark applications for virtual goods, services, and even virtual restaurants and cafes. Are you ready for some meta burgers?
👼 Last but not least, Gucci announced that it will launch its own virtual world on digital real estate platform The Sandbox, as it expands its presence in the metaverse for its Gen Z-focused platform Gucci Vault. The brand has even purchased an undisclosed amount of land on The Sandbox, which lets people and brands buy and develop virtual real estate. Gucci and The Sandbox will create an interactive fashion experience based on Gucci Vault.
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We’re excited to release the Nimbus Mobile App 3.0 update!
Here’s what’s new:
🏆 Mint your Smart LP n-NFTs without going through unnecessary steps. It takes one click to start generating yield into your MetaMask wallet
🏆 Easily track the rewards of your n-NFTs, save on gas fees and redeem your assets any time
To use this dApp select Binance Smart Chain network in your crypto wallet.
Only available on the Google Play Store
Test and send your feedback here with "mobile app" in the subject line
Here’s what’s new:
🏆 Mint your Smart LP n-NFTs without going through unnecessary steps. It takes one click to start generating yield into your MetaMask wallet
🏆 Easily track the rewards of your n-NFTs, save on gas fees and redeem your assets any time
To use this dApp select Binance Smart Chain network in your crypto wallet.
Only available on the Google Play Store
Test and send your feedback here with "mobile app" in the subject line
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👋Hey Nimbus Community,
We’ve all experienced it in the last months — 🐻Bearish Market, we mean!
That’s why we believe that a clear understanding of the different market conditions can help you stay away from fear, uncertainty, and doubt.
Here are some facts and advantages about the bear that might interest you:
✅ A bear market can be quite vital, especially for those with long-term strategies. Acquiring assets during a bear market can generate higher yields when the bearish market reverses. Short strategies sometimes utilize the bear market to leverage price spikes or corrections.
✅ 2022 started on a bearish note for the entirety of crypto space in general. However, the recent price spikes and corrections in the middle of the bear have created multiple opportunities for participants to leverage this cycle.
We’ve all experienced it in the last months — 🐻Bearish Market, we mean!
That’s why we believe that a clear understanding of the different market conditions can help you stay away from fear, uncertainty, and doubt.
Here are some facts and advantages about the bear that might interest you:
✅ A bear market can be quite vital, especially for those with long-term strategies. Acquiring assets during a bear market can generate higher yields when the bearish market reverses. Short strategies sometimes utilize the bear market to leverage price spikes or corrections.
✅ 2022 started on a bearish note for the entirety of crypto space in general. However, the recent price spikes and corrections in the middle of the bear have created multiple opportunities for participants to leverage this cycle.
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This year’s Super Bowl hosted on 14 February was an exciting event for the crypto sphere.
Our CEO — Alex Lemberg had shared his foresight ahead of this event with Business Insider & The Street.
Read here:
👉 https://link.nimbusplatform.io/jpu
👉https://link.nimbusplatform.io/79v
Our CEO — Alex Lemberg had shared his foresight ahead of this event with Business Insider & The Street.
Read here:
👉 https://link.nimbusplatform.io/jpu
👉https://link.nimbusplatform.io/79v
TheStreet
Will Bitcoin Score $50,000 On Super Bowl Sunday?
Analysts will be watching Sunday to see if Super Bowl hype drives Bitcoin to the $50,000 mark.
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