According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?”
Recent discussions have focused on removing the U.S. dollar’s status as the global reserve currency, and this idea is becoming more of a reality in 2023. Speaking at the New Development Bank in Shanghai, also known as the ‘BRICS Bank,’ President Lula insisted that the greenback’s global dominance should end, as reported by the Financial Times.
“Who decided that our currencies were weak or valueless in other countries?” Lula questioned during his speech. “Why can’t a bank like that of the BRICS have a currency to finance trade relations between Brazil and China or Brazil and other countries? It’s difficult because we are unaccustomed [to the thought]. Everyone depends on just one currency,” he added.
Lula’s statements come after China signed a new deal with Brazil and completed its first Liquefied Natural Gas (LNG) payment in yuan. Russia has also been committed to settling trades using other countries’ currencies. Moreover, BRICS members (Brazil, Russia, India, China, and South Africa) are working towards creating a new BRICS-based reserve currency. In Shanghai, Lula voiced his curiosity about the world’s dependence on the greenback.
“I ask myself every night why all countries have to base their trade on the dollar,” Lula emphasized. “Why can’t we trade using our own currencies? Who decided that the dollar would be the dominant currency after the gold standard disappeared?” he inquired.
Financial Times reporters Joe Leahy and Hudson Lockett concluded their report on Lula’s statements by noting that any efforts to undermine the U.S. currency “in the near term will face a substantial challenge.” They highlighted that Brazilian miners regularly engage in dollar-denominated trades. However, officials from Brazil and the BRICS nations are not alone in discussing the potential decline of the dollar’s dominance.
The Philippines’ central bank governor, Felipe Medalla, recently mentioned in an interview that the greenback’s prominence will gradually diminish. “We want a multi-currency world, but so far, other currencies do not have the necessary international markets to support [it]. This is the advantage of the U.S. dollar – there’s a vast market for government securities,” Medalla stated. “I think over time, the dollar will be less and less dominant, but it’s happening very slowly,” he added.
Do you think a shift away from the U.S. dollar as the global reserve currency is inevitable, and what impact do you believe this would have on the global economy and financial systems? Share your thoughts 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.
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.
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?”
Recent discussions have focused on removing the U.S. dollar’s status as the global reserve currency, and this idea is becoming more of a reality in 2023. Speaking at the New Development Bank in Shanghai, also known as the ‘BRICS Bank,’ President Lula insisted that the greenback’s global dominance should end, as reported by the Financial Times.
“Who decided that our currencies were weak or valueless in other countries?” Lula questioned during his speech. “Why can’t a bank like that of the BRICS have a currency to finance trade relations between Brazil and China or Brazil and other countries? It’s difficult because we are unaccustomed [to the thought]. Everyone depends on just one currency,” he added.
Lula’s statements come after China signed a new deal with Brazil and completed its first Liquefied Natural Gas (LNG) payment in yuan. Russia has also been committed to settling trades using other countries’ currencies. Moreover, BRICS members (Brazil, Russia, India, China, and South Africa) are working towards creating a new BRICS-based reserve currency. In Shanghai, Lula voiced his curiosity about the world’s dependence on the greenback.
“I ask myself every night why all countries have to base their trade on the dollar,” Lula emphasized. “Why can’t we trade using our own currencies? Who decided that the dollar would be the dominant currency after the gold standard disappeared?” he inquired.
Financial Times reporters Joe Leahy and Hudson Lockett concluded their report on Lula’s statements by noting that any efforts to undermine the U.S. currency “in the near term will face a substantial challenge.” They highlighted that Brazilian miners regularly engage in dollar-denominated trades. However, officials from Brazil and the BRICS nations are not alone in discussing the potential decline of the dollar’s dominance.
The Philippines’ central bank governor, Felipe Medalla, recently mentioned in an interview that the greenback’s prominence will gradually diminish. “We want a multi-currency world, but so far, other currencies do not have the necessary international markets to support [it]. This is the advantage of the U.S. dollar – there’s a vast market for government securities,” Medalla stated. “I think over time, the dollar will be less and less dominant, but it’s happening very slowly,” he added.
Do you think a shift away from the U.S. dollar as the global reserve currency is inevitable, and what impact do you believe this would have on the global economy and financial systems? Share your thoughts 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.
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.
On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday. Ether’s price has experienced a surge, rising 6% against the U.S. dollar within the past 24 hours.
Ethereum underwent a substantial update on April 12 when the Shapella hard fork launched, allowing validators to access their staked coins. This marks Ethereum’s first major development since The Merge—the transition from proof-of-work (PoW) to proof-of-stake (PoS). The hard fork officially took effect at epoch 194,048 or 6:30 p.m. (ET) on Wednesday.
Since the upgrade, numerous validators have prepared to withdraw their staked ether. However, ether withdrawal restrictions include a daily limit and a waiting list for validators. Withdrawals are available in two forms: those for reward withdrawals and those for the required 32-ether validator withdrawals.
As of 9:30 a.m. (ET) on Thursday, April 13, 2023, over 860,000 ether—valued at $1.71 billion using current exchange rates—are awaiting withdrawal. A staggering 17.46 million ether worth more than $34 billion is currently locked for staking purposes. The annual percentage rate (APR) for staking ether stands at 5.06%.
Despite the upgrade, Ethereum network transaction fees have remained relatively stable. The average transaction fee on Thursday is approximately 0.0029 ETH or $5.72 per transfer, while the median fee hovers around 0.0013 ETH or $2.66 per transfer. On Thursday, ethereum (ETH) climbed above $2k per unit, reflecting a 6% increase over the past 24 hours. Additionally, ETH dominance has risen to encompass 19.3% of the entire crypto-economy with a market cap surpassing $241 billion.
What do you think the successful implementation of the Shapella hard fork means for Ethereum’s future and the wider cryptocurrency market? Share your thoughts and predictions 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, token.unlocks.app
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.
On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday. Ether’s price has experienced a surge, rising 6% against the U.S. dollar within the past 24 hours.
Ethereum underwent a substantial update on April 12 when the Shapella hard fork launched, allowing validators to access their staked coins. This marks Ethereum’s first major development since The Merge—the transition from proof-of-work (PoW) to proof-of-stake (PoS). The hard fork officially took effect at epoch 194,048 or 6:30 p.m. (ET) on Wednesday.
Since the upgrade, numerous validators have prepared to withdraw their staked ether. However, ether withdrawal restrictions include a daily limit and a waiting list for validators. Withdrawals are available in two forms: those for reward withdrawals and those for the required 32-ether validator withdrawals.
As of 9:30 a.m. (ET) on Thursday, April 13, 2023, over 860,000 ether—valued at $1.71 billion using current exchange rates—are awaiting withdrawal. A staggering 17.46 million ether worth more than $34 billion is currently locked for staking purposes. The annual percentage rate (APR) for staking ether stands at 5.06%.
Despite the upgrade, Ethereum network transaction fees have remained relatively stable. The average transaction fee on Thursday is approximately 0.0029 ETH or $5.72 per transfer, while the median fee hovers around 0.0013 ETH or $2.66 per transfer. On Thursday, ethereum (ETH) climbed above $2k per unit, reflecting a 6% increase over the past 24 hours. Additionally, ETH dominance has risen to encompass 19.3% of the entire crypto-economy with a market cap surpassing $241 billion.
What do you think the successful implementation of the Shapella hard fork means for Ethereum’s future and the wider cryptocurrency market? Share your thoughts and predictions 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, token.unlocks.app
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.
PRESS RELEASE. VICTORIA, SEYCHELLES, 13th April 2023, Chainwire. OKT Chain (OKTC), the EVM and Wasm-compatible chain backed by OKX, the world’s second-largest crypto exchange by trading volume, has announced its sponsorship of the upcoming Web3athon event taking place in conjunction with Consenus 2023.
Organized by Coindesk, Hackerearth, and Alchemy, the event is set to take place online from April 17 to May 31, with additional offline activities taking place at Consensus 2023 in Austin, Texas. Following the success of the 2022 Web3athon event, which was the largest multi-chain hack to date, this year’s event promises to be even bigger and better, bringing together over 5,000 developers from around the world to create new decentralized applications.
At the event, OKTC will also be hosting online and offline workshops to explore the chain’s cutting-edge Wasm and EVM interoperability capabilities and introduce the wider OKTC ecosystem.
The Web3athon sponsorship is just one of OKTC’s initiatives to support developers and provide them with the tools, resources, and support the developers need to bring their ideas to life and drive innovation in the blockchain space.
OKX and OKT Chain’s dedication to building developer communities
OKT Chain’s sponsorship of the Web3athon event aligns with its vision of empowering individuals and organizations to adopt blockchain technology and foster a decentralized future.
OKT Chain recently hosted a successful hackathon with Google Cloud, attracting over 200 attendees and 46 teams who submitted 32 projects showcasing the potential of decentralized, blockchain-based applications to transform various industries. By supporting these events and hosting similar developer-focused events in the future, OKT Chain aims to establish a stronger and more connected community of developers within the rapidly evolving Web3 ecosystem.
OKTC has recently integrated the Wasm Virtual Machine (WasmVM) and launched an internal bridge to connect EVM and WASM in a single public chain, making it more accessible to Web2 developers who are familiar with Wasm-supported languages to kickstart building on OKTC as well as enable projects running on Wasm to seamlessly transition onto OKTC.
With over 400 projects already deployed on OKTC, and over 139 million transactions and over 100 million addresses, OKTC is primed for greater growth and success. Through events like the Web3athon and other developer-focused initiatives, OKT Chain aims to create a stronger community where developers can learn from each other, collaborate, and innovate using the cutting-edge capabilities of OKTC.
About OKX
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto trading app for investors and professional traders everywhere.
OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
About OKTC
OKTC (previously known as OKC/OKX Chain) is an EVM- and IBC-compatible L1 built on Cosmos with a focus on true interoperability and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKTC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.
How to find us?
Website | Twitter | LinkedIn | Discord | Telegram | DevCommunity | Submit Your Project
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
Contact
OKX
OKX
media@okx.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
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. VICTORIA, SEYCHELLES, 13th April 2023, Chainwire. OKT Chain (OKTC), the EVM and Wasm-compatible chain backed by OKX, the world’s second-largest crypto exchange by trading volume, has announced its sponsorship of the upcoming Web3athon event taking place in conjunction with Consenus 2023.
Organized by Coindesk, Hackerearth, and Alchemy, the event is set to take place online from April 17 to May 31, with additional offline activities taking place at Consensus 2023 in Austin, Texas. Following the success of the 2022 Web3athon event, which was the largest multi-chain hack to date, this year’s event promises to be even bigger and better, bringing together over 5,000 developers from around the world to create new decentralized applications.
At the event, OKTC will also be hosting online and offline workshops to explore the chain’s cutting-edge Wasm and EVM interoperability capabilities and introduce the wider OKTC ecosystem.
The Web3athon sponsorship is just one of OKTC’s initiatives to support developers and provide them with the tools, resources, and support the developers need to bring their ideas to life and drive innovation in the blockchain space.
OKX and OKT Chain’s dedication to building developer communities
OKT Chain’s sponsorship of the Web3athon event aligns with its vision of empowering individuals and organizations to adopt blockchain technology and foster a decentralized future.
OKT Chain recently hosted a successful hackathon with Google Cloud, attracting over 200 attendees and 46 teams who submitted 32 projects showcasing the potential of decentralized, blockchain-based applications to transform various industries. By supporting these events and hosting similar developer-focused events in the future, OKT Chain aims to establish a stronger and more connected community of developers within the rapidly evolving Web3 ecosystem.
OKTC has recently integrated the Wasm Virtual Machine (WasmVM) and launched an internal bridge to connect EVM and WASM in a single public chain, making it more accessible to Web2 developers who are familiar with Wasm-supported languages to kickstart building on OKTC as well as enable projects running on Wasm to seamlessly transition onto OKTC.
With over 400 projects already deployed on OKTC, and over 139 million transactions and over 100 million addresses, OKTC is primed for greater growth and success. Through events like the Web3athon and other developer-focused initiatives, OKT Chain aims to create a stronger community where developers can learn from each other, collaborate, and innovate using the cutting-edge capabilities of OKTC.
About OKX
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto trading app for investors and professional traders everywhere.
OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
About OKTC
OKTC (previously known as OKC/OKX Chain) is an EVM- and IBC-compatible L1 built on Cosmos with a focus on true interoperability and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKTC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.
How to find us?
Website | Twitter | LinkedIn | Discord | Telegram | DevCommunity | Submit Your Project
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
Contact
OKX
OKX
media@okx.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
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. After RenQ Finance achieved remarkable success by completing stage 4, they generated immense excitement among investors after embarking on stage 5. In just the last 24 hours of stage 5, RenQ has secured over $1 million in funding, bringing the total raised for this stage to an impressive over $7,7 million out of the $9,3 million target.
This achievement is a testament to the confidence and support of RenQ’s investors based on its poise to outshine all other DeFi platforms, propelling the company towards its funding goals with unwavering momentum.
RenQ Finance’s Stage 4 Triumphantly Concluded, Stage 5 Launched with Unstoppable Momentum
RenQ Finance’s Stage 4 presale event has exceeded all expectations, concluding with resounding success in record time. Buoyed by this achievement, RenQ Finance has seamlessly transitioned to Stage 5 with unwavering momentum. Notably, in the past 24 hours alone, RenQ Finance’s Stage 5 presale has already raised an impressive sum of over $1 million, further solidifying the company’s exceptional progress toward its funding goals.
RenQ Finance has strategically divided its fundraising efforts into a series of eight presale phases, with the current phase being the fifth. With a grand objective of raising over $20 million by the presale rounds conclusion, RenQ Finance is diligently working towards its fundraising target by leveraging this meticulous approach to presale stages.
RENQ token is priced at $0.040 USDT in the ongoing fifth stage of the presale after rising each time the hard cap was met. As for the fifth stage, it will end at $9,335,000, equivalent to around 300,500,000 RENQ tokens sold. In the subsequent stages, one RENQ token will be priced at 0.045 USDT, and in Stage 8, the last stage, the price will surge to $0.055.
RenQ Finance’s remarkable achievement of raising over $7.7 million thus far is a clear testament to the company’s unwavering dedication to innovation and the surging demand for decentralized finance (DeFi) solutions. This impressive fundraising milestone underscores RenQ Finance’s position as a trailblazer in the ever-evolving landscape of DeFi, showcasing its ability to meet the needs of a rapidly growing market with cutting-edge solutions.
RenQ Finance’s Stage 5 presale is still ongoing. You can join the project on the official website for a chance to be part of RenQ’s DeFi platform that empowers cryptocurrency traders worldwide.
RenQ Finance is Poised to Outshine All Other DeFi Platforms
Barring the ongoing Stage 5, you must know that based on the pieces of information RenQ Finance boasts, this project stands out with its unique edge that sets a new standard for DeFi investing.
One of RenQ Finance’s key differentiators is its innovative cryptocurrency data aggregator, which provides real-time market data and insights, enabling traders to make informed investment decisions.
RenQ Finance also offers perpetual futures, a vault for secure storage of cryptocurrencies, a lending protocol for earning passive income, and a Defi and NFT Launchpad for exciting investment opportunities. Furthermore, RenQ Finance fosters a vibrant community through its multiple forums, where users can exchange knowledge and ideas, contributing to the development of the entire RenQ ecosystem.
Besides, RenQ Finance’s vision extends beyond just providing exceptional tools and services, and the success of previous presale stages proves it.
Discover RenQ Finance
RenQ Finance is a pioneering all-in-one platform offering cutting-edge global solutions to cryptocurrency investors. Their primary objective is to establish a fully decentralized DeFi platform that empowers traders to manage their daily crypto activities efficiently. RenQ Finance is committed to delivering direct trading options through its wallet app while driving a revolution in decentralized trading.
RenQ Finance’s core values are centered around innovation, as they constantly develop tools tailored for cryptocurrency traders. These tools encompass a cryptocurrency data aggregator, perpetual futures, a vault, a lending protocol, a DeFi and NFT Launchpad, and various forums. RenQ Finance aims to foster a thriving community that actively contributes to the overall development of the RenQ ecosystem.
Exciting plans are in store for RenQ Finance, with the mainnet set to launch in Q1 of 2024. DeFi services, including a mobile wallet app and a desktop wallet plugin, will be introduced by the company. These offerings will provide users with valuable features such as margin loans and ERC-271 positions.
RenQ Finance is unwavering in its commitment to establishing a decentralized platform that offers a comprehensive suite of services to cryptocurrency investors worldwide. With its innovative tools and vibrant community, RenQ Finance is poised to lead the future of DeFi.
Stay Connected
Stay in the know and keep yourself updated with the ongoing token presale of RenQ Finance by connecting with the company on its official website and social media channels.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
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
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.
PRESS RELEASE. After RenQ Finance achieved remarkable success by completing stage 4, they generated immense excitement among investors after embarking on stage 5. In just the last 24 hours of stage 5, RenQ has secured over $1 million in funding, bringing the total raised for this stage to an impressive over $7,7 million out of the $9,3 million target.
This achievement is a testament to the confidence and support of RenQ’s investors based on its poise to outshine all other DeFi platforms, propelling the company towards its funding goals with unwavering momentum.
RenQ Finance’s Stage 4 Triumphantly Concluded, Stage 5 Launched with Unstoppable Momentum
RenQ Finance’s Stage 4 presale event has exceeded all expectations, concluding with resounding success in record time. Buoyed by this achievement, RenQ Finance has seamlessly transitioned to Stage 5 with unwavering momentum. Notably, in the past 24 hours alone, RenQ Finance’s Stage 5 presale has already raised an impressive sum of over $1 million, further solidifying the company’s exceptional progress toward its funding goals.
RenQ Finance has strategically divided its fundraising efforts into a series of eight presale phases, with the current phase being the fifth. With a grand objective of raising over $20 million by the presale rounds conclusion, RenQ Finance is diligently working towards its fundraising target by leveraging this meticulous approach to presale stages.
RENQ token is priced at $0.040 USDT in the ongoing fifth stage of the presale after rising each time the hard cap was met. As for the fifth stage, it will end at $9,335,000, equivalent to around 300,500,000 RENQ tokens sold. In the subsequent stages, one RENQ token will be priced at 0.045 USDT, and in Stage 8, the last stage, the price will surge to $0.055.
RenQ Finance’s remarkable achievement of raising over $7.7 million thus far is a clear testament to the company’s unwavering dedication to innovation and the surging demand for decentralized finance (DeFi) solutions. This impressive fundraising milestone underscores RenQ Finance’s position as a trailblazer in the ever-evolving landscape of DeFi, showcasing its ability to meet the needs of a rapidly growing market with cutting-edge solutions.
RenQ Finance’s Stage 5 presale is still ongoing. You can join the project on the official website for a chance to be part of RenQ’s DeFi platform that empowers cryptocurrency traders worldwide.
RenQ Finance is Poised to Outshine All Other DeFi Platforms
Barring the ongoing Stage 5, you must know that based on the pieces of information RenQ Finance boasts, this project stands out with its unique edge that sets a new standard for DeFi investing.
One of RenQ Finance’s key differentiators is its innovative cryptocurrency data aggregator, which provides real-time market data and insights, enabling traders to make informed investment decisions.
RenQ Finance also offers perpetual futures, a vault for secure storage of cryptocurrencies, a lending protocol for earning passive income, and a Defi and NFT Launchpad for exciting investment opportunities. Furthermore, RenQ Finance fosters a vibrant community through its multiple forums, where users can exchange knowledge and ideas, contributing to the development of the entire RenQ ecosystem.
Besides, RenQ Finance’s vision extends beyond just providing exceptional tools and services, and the success of previous presale stages proves it.
Discover RenQ Finance
RenQ Finance is a pioneering all-in-one platform offering cutting-edge global solutions to cryptocurrency investors. Their primary objective is to establish a fully decentralized DeFi platform that empowers traders to manage their daily crypto activities efficiently. RenQ Finance is committed to delivering direct trading options through its wallet app while driving a revolution in decentralized trading.
RenQ Finance’s core values are centered around innovation, as they constantly develop tools tailored for cryptocurrency traders. These tools encompass a cryptocurrency data aggregator, perpetual futures, a vault, a lending protocol, a DeFi and NFT Launchpad, and various forums. RenQ Finance aims to foster a thriving community that actively contributes to the overall development of the RenQ ecosystem.
Exciting plans are in store for RenQ Finance, with the mainnet set to launch in Q1 of 2024. DeFi services, including a mobile wallet app and a desktop wallet plugin, will be introduced by the company. These offerings will provide users with valuable features such as margin loans and ERC-271 positions.
RenQ Finance is unwavering in its commitment to establishing a decentralized platform that offers a comprehensive suite of services to cryptocurrency investors worldwide. With its innovative tools and vibrant community, RenQ Finance is poised to lead the future of DeFi.
Stay Connected
Stay in the know and keep yourself updated with the ongoing token presale of RenQ Finance by connecting with the company on its official website and social media channels.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
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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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.
PRESS RELEASE. Victoria, Seychelles, Date, Chainwire. OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether (ETH).
Key findings include:
17.9 million ETH was staked as of April 5, 2023**. This was equivalent to over USD34 billion***. The APR investors earn on staked ETH is currently 4.65%****, a figure that decreases as the pool of staked ETH increases.
OKX will begin processing withdrawal requests for staked ether within one week of Shapella going live, following the company’s completion of on-chain code audits to ensure customer safety.
The survey was conducted by OKX from March 1-5, 2023 with 700 ETH traders, investors, and network developers at the ETH Denver conference.
To learn more about OKX, please visit okx.com.
* ETH declined in price immediately before and after the Merge in September 2022
** https://ethereum.org/en/staking/
*** According to Coinmarketcap data for April 5, 2023
**** https://beaconcha.in/ethstore
About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into Web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
Contact
Media
media@okx.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
Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.
PRESS RELEASE. Victoria, Seychelles, Date, Chainwire. OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether (ETH).
Key findings include:
17.9 million ETH was staked as of April 5, 2023**. This was equivalent to over USD34 billion***. The APR investors earn on staked ETH is currently 4.65%****, a figure that decreases as the pool of staked ETH increases.
OKX will begin processing withdrawal requests for staked ether within one week of Shapella going live, following the company’s completion of on-chain code audits to ensure customer safety.
The survey was conducted by OKX from March 1-5, 2023 with 700 ETH traders, investors, and network developers at the ETH Denver conference.
To learn more about OKX, please visit okx.com.
* ETH declined in price immediately before and after the Merge in September 2022
** https://ethereum.org/en/staking/
*** According to Coinmarketcap data for April 5, 2023
**** https://beaconcha.in/ethstore
About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into Web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
Contact
Media
media@okx.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
Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.
PRESS RELEASE. Utopia, the decentralized and secure communication platform, has announced the launch of a new feature designed to make life easier for its users. The ChatGPT Assistant is a 24/7 chatbot assistant that is absolutely free to use and available right after Utopia Messenger is installed.
The ChatGPT Assistant is powered by OpenAI’s advanced language processing technology, which enables it to understand and respond to user requests with lightning speed and accuracy. Users can ask the assistant anything from “How do I send UUSD?” to “What are the latest news in the cryptocurrency world?” and it will provide them with quick and helpful responses.
“Utopia is committed to providing the best possible user experience to our customers,” said a spokesperson for the company. “The ChatGPT Assistant is just one of the ways we are working to achieve that goal. With this new feature, users will be able to get the help they need, whenever they need it, without having to leave the app.”
The Utopia Messenger is fully decentralized and offers end-to-end encryption for all messages, voice and video calls, and file transfers. It also features a built-in ecosystem of tools, including a secure email client, a personal cloud storage service, and a crypto wallet, all of which are designed to provide users with a complete communication and productivity solution.
“By combining advanced technology with an intuitive user interface, Utopia has created a messaging app that is both secure and easy to use,” added the spokesperson. “With the addition of the ChatGPT Assistant, we believe that our users will have an even more satisfying experience using our platform.”
The ChatGPT Assistant is available immediately for all Utopia Messenger users. To start using the feature, simply download the app and begin chatting with the assistant today.
Website: https://u.is
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. Utopia, the decentralized and secure communication platform, has announced the launch of a new feature designed to make life easier for its users. The ChatGPT Assistant is a 24/7 chatbot assistant that is absolutely free to use and available right after Utopia Messenger is installed.
The ChatGPT Assistant is powered by OpenAI’s advanced language processing technology, which enables it to understand and respond to user requests with lightning speed and accuracy. Users can ask the assistant anything from “How do I send UUSD?” to “What are the latest news in the cryptocurrency world?” and it will provide them with quick and helpful responses.
“Utopia is committed to providing the best possible user experience to our customers,” said a spokesperson for the company. “The ChatGPT Assistant is just one of the ways we are working to achieve that goal. With this new feature, users will be able to get the help they need, whenever they need it, without having to leave the app.”
The Utopia Messenger is fully decentralized and offers end-to-end encryption for all messages, voice and video calls, and file transfers. It also features a built-in ecosystem of tools, including a secure email client, a personal cloud storage service, and a crypto wallet, all of which are designed to provide users with a complete communication and productivity solution.
“By combining advanced technology with an intuitive user interface, Utopia has created a messaging app that is both secure and easy to use,” added the spokesperson. “With the addition of the ChatGPT Assistant, we believe that our users will have an even more satisfying experience using our platform.”
The ChatGPT Assistant is available immediately for all Utopia Messenger users. To start using the feature, simply download the app and begin chatting with the assistant today.
Website: https://u.is
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. MetaPlayerOne is bringing the power of Web3 communications to GameFi by introducing a new launchpad and standard for NFT game assets. Using this platform and this standard, different GameFi projects can recognize specific smart contract asset holders and rare asset holders, providing them with various benefits. For example, addressing an airdrop specifically to all legendary asset holders across all GameFi projects. GameFi projects that meet MetaPlayerOne’s requirements can expect a global marketing support package from MetaPlayerOne, which will help promote their projects on a large scale.
MetaPlayerOne is one of the pioneers in unlocking the true potential of Web3 technologies through its unique metaverse developing engine for various use cases. Through this groundbreaking co-investment and acceleration program for GameFi projects, the aim is to offer Initial Game & Collection Offerings (IGOs) via NFT drops and enhance the success of such programs, provide access to the MetaPlayerOne Advanced Launchpad, and support the project with a comprehensive digital marketing package that guarantees maximum exposure.
As part of the program, MetaPlayerOne offers a free dedicated advertising campaign on popular platforms such as YouTube, Twitter, Instagram, and TikTok. The campaign also includes placements on Etherscan, BinanceScan, CoinMarketCap, and CoinGecko, as well as PR media, Twitter spaces, and podcasts. A minimum of 90 days of marketing lead-up to the drop date is provided, with a reservation feature capacity.
By adopting the MetaPlayerOne Social Media, eligible GameFi projects can leverage an innovative and super-efficient Web3 wallet targeting-engine to reach their target audience effectively. The program also offers organic attention and a free digital marketing package, including:
The MetaPlayerOne.app Web3 social media platform connects active communities from around the globe, ensuring that once a Game Asset NFT contract is deployed, the promo engine attracts new users and drives sales on a global scale. Such widespread marketing coverage can boost a project’s visibility, regardless of its current marketing stage.
NFTs can be deployed on the Ethereum Network, Polygon Network, and MetaPlayer Network. The program supports six rarity levels for standardization across the gaming industry and facilitates Web3 smart communication between communities. Each collection will have a dedicated Web3 social media channel and unlimited organic spread potential.
Enzo Amur, 1x Contributor at MetaPlayerOne.app, said, “We’re excited to offer this comprehensive solution that combines cutting-edge Web3 technologies with a powerful marketing engine. This unique approach empowers GameFi projects to reach new heights and redefine the gaming industry’s future.“
For more information about the acceleration program, please visit https://alpha.metaplayerone.app/gameFi
About MetaPlayerOne
MetaPlayerOne.app (MP1) is a new web3 social media driving smart networking between specific token holders. MP1 is specially designed for everyone to be a part of Web3 community that works for you, it is also an excellent tool for developing metaverses and games. The AI tools and heavy graphics rely on the Metaplayer Network – a super powerful GPU-empowered EVM Chain.
Media Contact Information –
Name – Enzo Amur
Email address – Enzo@metaplayerone.app
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.
Source From : News