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Arbswap Launches The Nova Accelerator To Support Arbitrum’s Ecosystem Growth

30 Sep 2022

Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit inflation.

All across the world, inflation rates have risen a great deal. Many economists believe that the energy crisis in Europe that is tied to the Ukraine-Russia war is one of the main reasons. However, similar to the United States, the U.K. and Europe deployed massive amounts of stimulus packages in order to shore up the economy amid the Covid-19 pandemic. Germany enacted a vast number of stimulus packages in order to fend off the economic fallout from government-enforced business shutdowns and lockdowns.

On Thursday, Germany’s official CPI data shows the country’s inflation spiked at a 10.9% annual pace in September. Germany’s inflation is up from 8.8% the month prior and it’s the highest inflation rate Germany has seen since 1951, or roughly around the end of the second World War. Inflation came awfully close to double-digits in Germany back in 1999 when the European Union (EU) introduced the euro. Statistics show that Germany’s energy prices are up a whopping 44% in September compared to this time last year.

“The high energy and food prices, which are likely to rise further in the coming year, are causing significant losses in purchasing power,” Torsten Schmidt, the head of economic research at the Leibniz Institute for Economic Research told the New York Times on Thursday.

In addition to the financial disaster caused by the Ukraine-Russia war, Germany was a leader when it came to ushering out stimulus programs. Between February and May 2020, Germany deployed an $844 billion recovery package with roughly $175 billion for stimulus and $675 billion dedicated to lending. The German government also introduced wage subsidy programs which maintained a threshold of providing 60% of employee wages.

The country also introduced a three-month payment moratorium on German-based consumer loans and at the end of June, the German Parliament ushered in another $146 billion stimulus package. Parliament further created a $56 billion rebate package for German residents who purchased electric cars. While Germany’s red-hot inflation is high and economists believe it derived from a three-pronged problem tied to Covid-19, stimulus, and the war in Europe, German bureaucrats are planning to drop another package of subsidies.

At the same time, German inflation jumped to 10.9%, and members of the German Parliament revealed another package for $195 billion. Germany’s latest subsidy package also placed price limits on natural gas. The German government aims to “cushion rising energy costs and the most severe consequences for consumers and businesses,” officials said on Thursday. “Prices have to come down,” chancellor Olaf Scholz told reporters during a press conference. “To make prices drop, we are rolling out a wide defense shield,” the chancellor added.

What do you think about German inflation rising to double digits in September? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit inflation.

All across the world, inflation rates have risen a great deal. Many economists believe that the energy crisis in Europe that is tied to the Ukraine-Russia war is one of the main reasons. However, similar to the United States, the U.K. and Europe deployed massive amounts of stimulus packages in order to shore up the economy amid the Covid-19 pandemic. Germany enacted a vast number of stimulus packages in order to fend off the economic fallout from government-enforced business shutdowns and lockdowns.

On Thursday, Germany’s official CPI data shows the country’s inflation spiked at a 10.9% annual pace in September. Germany’s inflation is up from 8.8% the month prior and it’s the highest inflation rate Germany has seen since 1951, or roughly around the end of the second World War. Inflation came awfully close to double-digits in Germany back in 1999 when the European Union (EU) introduced the euro. Statistics show that Germany’s energy prices are up a whopping 44% in September compared to this time last year.

“The high energy and food prices, which are likely to rise further in the coming year, are causing significant losses in purchasing power,” Torsten Schmidt, the head of economic research at the Leibniz Institute for Economic Research told the New York Times on Thursday.

In addition to the financial disaster caused by the Ukraine-Russia war, Germany was a leader when it came to ushering out stimulus programs. Between February and May 2020, Germany deployed an $844 billion recovery package with roughly $175 billion for stimulus and $675 billion dedicated to lending. The German government also introduced wage subsidy programs which maintained a threshold of providing 60% of employee wages.

The country also introduced a three-month payment moratorium on German-based consumer loans and at the end of June, the German Parliament ushered in another $146 billion stimulus package. Parliament further created a $56 billion rebate package for German residents who purchased electric cars. While Germany’s red-hot inflation is high and economists believe it derived from a three-pronged problem tied to Covid-19, stimulus, and the war in Europe, German bureaucrats are planning to drop another package of subsidies.

At the same time, German inflation jumped to 10.9%, and members of the German Parliament revealed another package for $195 billion. Germany’s latest subsidy package also placed price limits on natural gas. The German government aims to “cushion rising energy costs and the most severe consequences for consumers and businesses,” officials said on Thursday. “Prices have to come down,” chancellor Olaf Scholz told reporters during a press conference. “To make prices drop, we are rolling out a wide defense shield,” the chancellor added.

What do you think about German inflation rising to double digits in September? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing by as much as 12% in today’s session.

XRP was up by over 10% in today’s session, as prices moved closer towards a multi-month high.

Following a low of $0.4285 on Thursday, XRP/USD rallied to an intraday peak of $0.503 earlier in the day.

The move saw the token formerly known as ripple near last week’s high of $0.558, which was the strongest point since May.

As can be seen from the chart, earlier gains have somewhat eased, as the relative strength index (RSI) collided with a ceiling.

The index is currently tracking at 63.81, which is marginally lower than the aforementioned resistance point of 65.00.

Should XRP bulls attempt to recapture last week’s high, then a breakout of the RSI ceiling will need to take place.

Another notable mover in today’s session was UNUS SED LEO (LEO), which trading by as much as 12% higher.

LEO/USD raced to an intraday peak of $4.69 on Friday, which comes less than a day after hitting a low of $4.18.

Today’s rally comes as LEO bounces from a key support point of $4.05. The token is now moving close to a ceiling of $4.80.

In addition to bouncing off the price floor, another reason for the rally was the 14-day RSI breaking out of a ceiling of its own.

The index moved past its resistance of 48.90, and as of writing, is tracking at a mark of 50.96.

Should we see LEO collide with the $4.80 point, then it is likely that traders will move to secure gains, leading to a decline in prices.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Cryptocurrency, LEO, Unus Sed Leo, XRP

Do you expect UNUS SED LEO to climb and hit $4.80 this weekend? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing by as much as 12% in today’s session.

XRP was up by over 10% in today’s session, as prices moved closer towards a multi-month high.

Following a low of $0.4285 on Thursday, XRP/USD rallied to an intraday peak of $0.503 earlier in the day.

The move saw the token formerly known as ripple near last week’s high of $0.558, which was the strongest point since May.

As can be seen from the chart, earlier gains have somewhat eased, as the relative strength index (RSI) collided with a ceiling.

The index is currently tracking at 63.81, which is marginally lower than the aforementioned resistance point of 65.00.

Should XRP bulls attempt to recapture last week’s high, then a breakout of the RSI ceiling will need to take place.

Another notable mover in today’s session was UNUS SED LEO (LEO), which trading by as much as 12% higher.

LEO/USD raced to an intraday peak of $4.69 on Friday, which comes less than a day after hitting a low of $4.18.

Today’s rally comes as LEO bounces from a key support point of $4.05. The token is now moving close to a ceiling of $4.80.

In addition to bouncing off the price floor, another reason for the rally was the 14-day RSI breaking out of a ceiling of its own.

The index moved past its resistance of 48.90, and as of writing, is tracking at a mark of 50.96.

Should we see LEO collide with the $4.80 point, then it is likely that traders will move to secure gains, leading to a decline in prices.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Cryptocurrency, LEO, Unus Sed Leo, XRP

Do you expect UNUS SED LEO to climb and hit $4.80 this weekend? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 30, 2022 – Global crypto exchange, LBank, released a long-awaited brand-update video on their official youtube channel, giving detailed information about recent updates and plans for the coming years. A diversity video was also released accompanying the brand reveal. This will mark a campaign around the brand upgrade that will continue for the next 2 months.

The 22-minute video went throught a variety of questions. LBank’s Co-founder Johnason Chen, COO Shantnoo Saxena, CMO Kaia Wang, and head of marketing MENA Abhinav Mehta appeared in the video, covering topics in their respective areas. LBank has been teasing on their social media platform about the awaited logo update for some weeks before finally officially announcing the video release. The video also revealed that the logo change and all-around style update will be made gradually in the coming months.

The biggest notable change to LBank’s new logo is the distinct design in the letter B. CMO Kaia Wang elaborated on the design by saying, “It’s actually a simple typography logo with just the word LBank instead of the old shape we had. The new logo is more flexible and classy and can be used in more diverse settings. We’re still our dedicated and professional selves, now upgraded and stronger. The B looks a bit like a match where you can create light, a strain of DNA that symbolizes life, or also it could be seen as a vertical sign of infinitas, which represents the limitless possibilities of metaverse and crypto verse. So it’s generally a symbol of creation, knowledge, and infinitas.”

Wang also touched upon topics such as globalization and localization in LBank’s Marketing plans. “We’re building a truly global team. We look for local talents who understand local markets very well and can help us to shape and communicate our brand locally and shape our offerings according to the specific markets. As we hope to get closer to our users, we want to be seen as one of the best options for local users when it comes to digital assets.

Globalization is one of the main keywords of this video, with a portion of it dedicated to showing LBank’s achievements in growing markets, such as the MENA (Middle East and North Africa) regions. When asked how LBank is growing in key markets, COO Shantnoo Saxsena said, “We are trying to implement our business in several parts of Africa, the Indian subcontinent, and parts of the Middle East, mostly north Africa, and Turkey. The way we are…getting users to LBank is through education and by involving ourselves.

LBank has taken an aggressive, community-oriented, education-based approach in developing markets, according to Saxsena. “ If cryptos were to go mainstream, it has to be only through education. ” Saxsena later added in the video. Grassroots was the word Head of Marketing for MENA Abhinav Mehta used. “Our community managers are our eyes and ears on the ground. And from there, we started connecting with people through events. They come, have a bit of networking, and then we discuss LBank. Slowly from there, we started understanding what the users would want in a crypto exchange. ” said Mehta.

The video also announced new products and services that LBank will be providing, such as easy strategy trading tools. When asked what new services are on the way Co-founder Johnason Chen stated, “We have a new lending product. Users can use their bitcoin or Ethereum to lend USDT or any other tokens. This product has been launched on LBank on the new website, LBank.com. We will also provide a strategy trading center. ” Chen talked in detail about the new strategy trading center and plans for more derivatives products.

The accompanying diversity video titled “LBank — Future & Diversity” showed LBank’s dedication to promoting inclusivity and growth within the industry. Images of LBank employees were fit together to show a company that embraces different backgrounds and gives people an equal opportunity of joining the world of cryptocurrency.

About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

Start Trading Now: lbank.com

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@lbank.info

 

 

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 30, 2022 – Global crypto exchange, LBank, released a long-awaited brand-update video on their official youtube channel, giving detailed information about recent updates and plans for the coming years. A diversity video was also released accompanying the brand reveal. This will mark a campaign around the brand upgrade that will continue for the next 2 months.

The 22-minute video went throught a variety of questions. LBank’s Co-founder Johnason Chen, COO Shantnoo Saxena, CMO Kaia Wang, and head of marketing MENA Abhinav Mehta appeared in the video, covering topics in their respective areas. LBank has been teasing on their social media platform about the awaited logo update for some weeks before finally officially announcing the video release. The video also revealed that the logo change and all-around style update will be made gradually in the coming months.

The biggest notable change to LBank’s new logo is the distinct design in the letter B. CMO Kaia Wang elaborated on the design by saying, “It’s actually a simple typography logo with just the word LBank instead of the old shape we had. The new logo is more flexible and classy and can be used in more diverse settings. We’re still our dedicated and professional selves, now upgraded and stronger. The B looks a bit like a match where you can create light, a strain of DNA that symbolizes life, or also it could be seen as a vertical sign of infinitas, which represents the limitless possibilities of metaverse and crypto verse. So it’s generally a symbol of creation, knowledge, and infinitas.”

Wang also touched upon topics such as globalization and localization in LBank’s Marketing plans. “We’re building a truly global team. We look for local talents who understand local markets very well and can help us to shape and communicate our brand locally and shape our offerings according to the specific markets. As we hope to get closer to our users, we want to be seen as one of the best options for local users when it comes to digital assets.

Globalization is one of the main keywords of this video, with a portion of it dedicated to showing LBank’s achievements in growing markets, such as the MENA (Middle East and North Africa) regions. When asked how LBank is growing in key markets, COO Shantnoo Saxsena said, “We are trying to implement our business in several parts of Africa, the Indian subcontinent, and parts of the Middle East, mostly north Africa, and Turkey. The way we are…getting users to LBank is through education and by involving ourselves.

LBank has taken an aggressive, community-oriented, education-based approach in developing markets, according to Saxsena. “ If cryptos were to go mainstream, it has to be only through education. ” Saxsena later added in the video. Grassroots was the word Head of Marketing for MENA Abhinav Mehta used. “Our community managers are our eyes and ears on the ground. And from there, we started connecting with people through events. They come, have a bit of networking, and then we discuss LBank. Slowly from there, we started understanding what the users would want in a crypto exchange. ” said Mehta.

The video also announced new products and services that LBank will be providing, such as easy strategy trading tools. When asked what new services are on the way Co-founder Johnason Chen stated, “We have a new lending product. Users can use their bitcoin or Ethereum to lend USDT or any other tokens. This product has been launched on LBank on the new website, LBank.com. We will also provide a strategy trading center. ” Chen talked in detail about the new strategy trading center and plans for more derivatives products.

The accompanying diversity video titled “LBank — Future & Diversity” showed LBank’s dedication to promoting inclusivity and growth within the industry. Images of LBank employees were fit together to show a company that embraces different backgrounds and gives people an equal opportunity of joining the world of cryptocurrency.

About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

Start Trading Now: lbank.com

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@lbank.info

 

 

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. The GMT token’s smart contract was launched in 2021 by GoMining. It is an international network of mining hotels that rents space for equipment and engages in BTC mining.

The company’s founders understand how difficult it is for an ordinary user to start mining cryptocurrency. Even large organisations cannot increase capacity with the increasing complexity of the Bitcoin network. For example, the GMT token allows everyone to earn BTC rewards without hassle.

What is GMT Token?

GMT mines Bitcoin on its equipment and distributes the reward among holders. Payments are conducted automatically via smart contracts, which CertiK has audited.

A significant part of the funds from the token sale is used to increase the capacity of GMT. Once the new equipment is put into operation, the issuer allocates an additional batch of tokens. In addition, the native currency protocol contains mechanisms for fundamental growth and protection against inflation.

As the team commissions new equipment, they issue new tokens. The number of tokens issued is not proportional to the equipment capacity but is 20% fewer. That way, the team distributes the free power among all the tokens in circulation, ensuring that the power of each token grows, and so does the mining reward.

A Brief History of GMT

During the project’s existence, GMT increased the hash rate of the device park from 100,000 TH/s to 725,000 TH/s. In addition, it has expanded its presence geographically, having 9 data centres worldwide with the most energy-efficient (Antminer S19Pro) mining devices on board.

Although GMT is a young project, the team has already made significant progress and gained trust in the crypto sphere.

The company has accumulated a considerable hash rate, which serves as security for the token.

In 2022, video cards and Asics became more affordable; however, the payback of farms is still high (12-18 months). Therefore, the GMT token has good prospects for growth, as it allows for generating passive income here and now.

The ability to receive daily rewards from mining attracts investors. The GMT team is actively developing the project. GMT Whitepaper is published in 12 languages. The GMT token’s token price and mining reward will likely grow in the future due to the efficient team’s work, popularisation of the project through all available channels, capacity building and BTC rate strengthening.

The Rise in Popularity of GMT

GMT is the 30th member of the Bitcoin Mining Council (BMC) along with well-known players in the field of Bitcoin mining such as Argo, BlockCap, Core Scientific, Hive, Hut8, Marathon Digitais Holdings, Riot, Galaxy Digital and twenty others.

The news was announced at the AIBC Summit on November 17 in Malta during a fireside chat between Michael Saylor, Founder, Chairman, and CEO of MicroStrategy, and Mike Costache, a blockchain investor, entrepreneur, and consultant.

GoMining aims to popularise digital currencies among regular users and make mining accessible to everyone. The company cooperates with celebrities and well-known bloggers. In November 2021, UFC champion Khabib Nurmagomedov became the GMT ambassador.

The project was reviewed by mainstream media outlets like Fxstreet and Entrepreneur and tech-specialised outlets such as Tech Times.

Greedy Machines – Uniting NFTs and Mining is Possible

GMT Token is a project that makes it easier for anyone to engage in BTC mining. Recently, it launched its own NFT project, ‘The Greedy Machines’. The developers came up with a fundamentally new approach to creating an NFT collection and started an art project with a set of images of mining machines. That are not just pictures – each image is backed by computing power. The initial supply will consist of 1,000 unique collectable miners stored on the Ethereum blockchain.

GMT users can exchange GMT for NFT, an image supported by real computing power, meaning NFT owners will get mining rewards daily.

What is NFT Mining Farm?

Greedy Machines is a concept art game where participants build their virtual mining farms. As mentioned above, NFTs are backed by a certain amount of computing power which allows mining Bitcoin daily and receiving rewards. A user should attach the purchased NFTs to one’s account to start building a farm.

Farms include mining cells, shelves, immersion baths, containers, data centres, etc. Every user starts from a novice miner with one device and grows to the head of a mining empire, the owner of a mining power plant.

Greedy Machines also includes an attractive referral program. NFT holders invite their friends to the platform, and as a result, both participants and invited members to receive promo codes for an extra reward in Bitcoin. In addition, equipment maintenance is rewarded – the more the participant performs equipment maintenance, the more bonuses one receives.

Environmental Sustainability

The GMT Token project’s priority is to provide sustainable energy. The project offers ‘green’ miners to its users. Profit will go to organisations involved in spreading sustainable energy: like Global Giving and Everybody Solar.

One of the principles of NFT ownership is: the longer a user holds tokens, the more rewards one receives.

Final Thoughts

The Greedy Machines is a concept art game that builds a community of miners, facilitates BTC mining, and develops ‘green’ energy. Those enjoying beautiful visual forms and artworks will appreciate using the platform and GMT marketplace. The benefits users receive from the Greedy Machines collection include daily Bitcoin rewards for image ownership, unique images, and a part of the gaming infrastructure.

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. The GMT token’s smart contract was launched in 2021 by GoMining. It is an international network of mining hotels that rents space for equipment and engages in BTC mining.

The company’s founders understand how difficult it is for an ordinary user to start mining cryptocurrency. Even large organisations cannot increase capacity with the increasing complexity of the Bitcoin network. For example, the GMT token allows everyone to earn BTC rewards without hassle.

What is GMT Token?

GMT mines Bitcoin on its equipment and distributes the reward among holders. Payments are conducted automatically via smart contracts, which CertiK has audited.

A significant part of the funds from the token sale is used to increase the capacity of GMT. Once the new equipment is put into operation, the issuer allocates an additional batch of tokens. In addition, the native currency protocol contains mechanisms for fundamental growth and protection against inflation.

As the team commissions new equipment, they issue new tokens. The number of tokens issued is not proportional to the equipment capacity but is 20% fewer. That way, the team distributes the free power among all the tokens in circulation, ensuring that the power of each token grows, and so does the mining reward.

A Brief History of GMT

During the project’s existence, GMT increased the hash rate of the device park from 100,000 TH/s to 725,000 TH/s. In addition, it has expanded its presence geographically, having 9 data centres worldwide with the most energy-efficient (Antminer S19Pro) mining devices on board.

Although GMT is a young project, the team has already made significant progress and gained trust in the crypto sphere.

The company has accumulated a considerable hash rate, which serves as security for the token.

In 2022, video cards and Asics became more affordable; however, the payback of farms is still high (12-18 months). Therefore, the GMT token has good prospects for growth, as it allows for generating passive income here and now.

The ability to receive daily rewards from mining attracts investors. The GMT team is actively developing the project. GMT Whitepaper is published in 12 languages. The GMT token’s token price and mining reward will likely grow in the future due to the efficient team’s work, popularisation of the project through all available channels, capacity building and BTC rate strengthening.

The Rise in Popularity of GMT

GMT is the 30th member of the Bitcoin Mining Council (BMC) along with well-known players in the field of Bitcoin mining such as Argo, BlockCap, Core Scientific, Hive, Hut8, Marathon Digitais Holdings, Riot, Galaxy Digital and twenty others.

The news was announced at the AIBC Summit on November 17 in Malta during a fireside chat between Michael Saylor, Founder, Chairman, and CEO of MicroStrategy, and Mike Costache, a blockchain investor, entrepreneur, and consultant.

GoMining aims to popularise digital currencies among regular users and make mining accessible to everyone. The company cooperates with celebrities and well-known bloggers. In November 2021, UFC champion Khabib Nurmagomedov became the GMT ambassador.

The project was reviewed by mainstream media outlets like Fxstreet and Entrepreneur and tech-specialised outlets such as Tech Times.

Greedy Machines – Uniting NFTs and Mining is Possible

GMT Token is a project that makes it easier for anyone to engage in BTC mining. Recently, it launched its own NFT project, ‘The Greedy Machines’. The developers came up with a fundamentally new approach to creating an NFT collection and started an art project with a set of images of mining machines. That are not just pictures – each image is backed by computing power. The initial supply will consist of 1,000 unique collectable miners stored on the Ethereum blockchain.

GMT users can exchange GMT for NFT, an image supported by real computing power, meaning NFT owners will get mining rewards daily.

What is NFT Mining Farm?

Greedy Machines is a concept art game where participants build their virtual mining farms. As mentioned above, NFTs are backed by a certain amount of computing power which allows mining Bitcoin daily and receiving rewards. A user should attach the purchased NFTs to one’s account to start building a farm.

Farms include mining cells, shelves, immersion baths, containers, data centres, etc. Every user starts from a novice miner with one device and grows to the head of a mining empire, the owner of a mining power plant.

Greedy Machines also includes an attractive referral program. NFT holders invite their friends to the platform, and as a result, both participants and invited members to receive promo codes for an extra reward in Bitcoin. In addition, equipment maintenance is rewarded – the more the participant performs equipment maintenance, the more bonuses one receives.

Environmental Sustainability

The GMT Token project’s priority is to provide sustainable energy. The project offers ‘green’ miners to its users. Profit will go to organisations involved in spreading sustainable energy: like Global Giving and Everybody Solar.

One of the principles of NFT ownership is: the longer a user holds tokens, the more rewards one receives.

Final Thoughts

The Greedy Machines is a concept art game that builds a community of miners, facilitates BTC mining, and develops ‘green’ energy. Those enjoying beautiful visual forms and artworks will appreciate using the platform and GMT marketplace. The benefits users receive from the Greedy Machines collection include daily Bitcoin rewards for image ownership, unique images, and a part of the gaming infrastructure.

 

 

 

 

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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. The Rugby League World Cup 2021 (RLWC2021) has announced CoinEx as its official cryptocurrency trading platform partner.

Founded in 2017, CoinEx is a professional global cryptocurrency exchange. Dedicated to ‘making crypto trading easier’, CoinEx provides a highly secure, stable and efficient service for its three million global users.

It’s a first for the World Cup to be in a position to follow other sports in having a cryptocurrency company as a partner, and CoinEx is honoured to have the opportunity to establish a partnership with RLWC2021.

CoinEx CEO Haipo Yang said, “We genuinely admire what the RLWC2021 represents. The tournament is set to trail blaze a way to reach new audiences for the sport, and we are excited to be a part of that through our partnership.

“This will be the first major sponsorship activity we have undertaken, and we look forward to working together to make it a success for both parties.”

Jon Dutton, RLWC2021‘s Chief Executive, said: “Crypto companies have recently established themselves in the sports sponsorship market, and I am pleased that we have been able to introduce this innovative sector to the Rugby League World Cup.

CoinEx is a global company whose trading platform focuses on being secure, stable, professional and compliant, which aligns with RLWC2021’s value of authenticity. We’re excited to add CoinEx to our partner roster and look forward to working together on the partnership.”

The RLWC2021 is set to take place from 15 October to 19 November 2022 and will be the first time the RLWC encompasses the men’s, women’s and wheelchair competitions within one tournament.

To learn more about the Rugby League World Cup 2021 sponsored by CoinEx, visit https://www.rlwc2021.com/.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

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Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. The Rugby League World Cup 2021 (RLWC2021) has announced CoinEx as its official cryptocurrency trading platform partner.

Founded in 2017, CoinEx is a professional global cryptocurrency exchange. Dedicated to ‘making crypto trading easier’, CoinEx provides a highly secure, stable and efficient service for its three million global users.

It’s a first for the World Cup to be in a position to follow other sports in having a cryptocurrency company as a partner, and CoinEx is honoured to have the opportunity to establish a partnership with RLWC2021.

CoinEx CEO Haipo Yang said, “We genuinely admire what the RLWC2021 represents. The tournament is set to trail blaze a way to reach new audiences for the sport, and we are excited to be a part of that through our partnership.

“This will be the first major sponsorship activity we have undertaken, and we look forward to working together to make it a success for both parties.”

Jon Dutton, RLWC2021‘s Chief Executive, said: “Crypto companies have recently established themselves in the sports sponsorship market, and I am pleased that we have been able to introduce this innovative sector to the Rugby League World Cup.

CoinEx is a global company whose trading platform focuses on being secure, stable, professional and compliant, which aligns with RLWC2021’s value of authenticity. We’re excited to add CoinEx to our partner roster and look forward to working together on the partnership.”

The RLWC2021 is set to take place from 15 October to 19 November 2022 and will be the first time the RLWC encompasses the men’s, women’s and wheelchair competitions within one tournament.

To learn more about the Rugby League World Cup 2021 sponsored by CoinEx, visit https://www.rlwc2021.com/.

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. Arbswap, the Arbitrum-native automated market maker decentralized exchange, has seen significant progress over the past months. Following the migration of its contracts to the Arbitrum Nova network, Arbswap has recently launched the Nova Accelerator with support from Old Fashion Research, a multi-strategy blockchain investment fund. By establishing the Accelerator, Arbswap has set out to support the growth of Arbitrum Nova’s ecosystem through investments and advisory services for projects building on the platform. According to Arbswap, the Nova Accelerator aims to invest $10 million in the Arbitrum Nova ecosystem.

Arbitrum Nova is an Arbitrum Layer-2 scaling solution that optimizes ultra-low-cost transactions while offering strong security guarantees. Being the first Arbitrum chain built on its AnyTrust technology, Arbitrum Nova is meant to serve applications that handle high volumes of price-sensitive transactions, such as gaming, social and decentralized exchanges.

As a decentralized exchange, Arbswap aims to offer maximum security and affordability to users swapping tokens on its DEX. Arbitrum Nova boasts high security and low transaction costs even at high volumes, so Arbswap’s swift decision to migrate to Nova is sure to serve as a significant first mover advantage over other exchanges with “high” transaction costs of the Arbitrum One chain. Furthermore, the various DeFi tools offered by Arbswap, such as liquidity mining, staking pools, and Dasher, a launchpad product that bootstraps new Arbitrum Nova projects through vested token sales, make Arbswap a very attractive DEX for various market participants.

Combined with Dasher, the Nova Accelerator has allowed Arbswap to position itself as a powerful force in the Arbitrum universe, offering projects building on Arbitrum Nova a way to finance and launch their products through the Arbswap ecosystem.

For all Arbswap-related updates, make sure to follow their social media channels:

Website | Twitter | Telegram | Announcements

Name: Stag Arbswap

Email: stag@arbswap.io

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

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Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

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