Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a relative safe haven as macro uncertainty continues.”
Market strategists from Bank of America’s securities division, Alkesh Shah and Andrew Moss, detailed this week that bitcoin and gold have been highly correlated in recent times. The news follows the recent report published by the crypto data provider Kaiko, which says bitcoin has been less volatile than the Nasdaq and S&P 500 indices. According to the Bank of America strategists, bitcoin’s (BTC) price fluctuations, in terms of other global assets, have caused investors to think BTC is a safe-haven asset.
“A decelerating positive correlation with SPX/QQQ and a rapidly rising correlation with XAU indicate that investors may view bitcoin as a relative safe haven as macro uncertainty continues and a market bottom remains to be seen,” Bank of America’s securities division analysts wrote.
On Monday, October 24, both bitcoin (BTC) and gold prices have been range bound, and have been less volatile in comparison to equity markets. BTC is trading for just above $19K per unit, while an ounce of .999 fine gold is exchanging hands for 1,646.70 nominal U.S. dollars. Bank of America’s Shah and Moss have been monitoring the 40-day correlation with gold, which is around 0.50 this week. The 0.50 rating is a lot closer and shows a stronger correlation to the precious metal than the zero rating the leading crypto asset BTC recorded in August.
The move comes at a time when macro uncertainty has heightened, and analysts have warned that U.S. Federal Reserve rate hikes could cause a U.S. Treasuries liquidity crisis. Market observers expect an aggressive rate hike next month, but strategists also believe the Fed will pivot by December. Both gold and BTC have fallen a great deal since the two asset’s all-time price highs. Gold for instance tapped a lifetime price high against the U.S. dollar on March 8, 2022, when it reached $2,074 per ounce.
Gold has lost 20.49% against the U.S. dollar since the all-time high 230 days ago. The crypto asset bitcoin (BTC) has shed 72% against the greenback during the last year, after tapping $69,044 per unit on November 10, 2021. Gold today has an overall market capitalization of around $10.895 trillion, while BTC’s market capitalization is around $369 billion.
What do you think about Bank of America’s Shah and Moss explaining that gold and bitcoin have been correlated during the last 40 days? Do you think investors perceive bitcoin as a safe-haven amid today’s macro uncertainty? Let us know 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, editorial photo credit: Bloomberg
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.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a relative safe haven as macro uncertainty continues.”
Market strategists from Bank of America’s securities division, Alkesh Shah and Andrew Moss, detailed this week that bitcoin and gold have been highly correlated in recent times. The news follows the recent report published by the crypto data provider Kaiko, which says bitcoin has been less volatile than the Nasdaq and S&P 500 indices. According to the Bank of America strategists, bitcoin’s (BTC) price fluctuations, in terms of other global assets, have caused investors to think BTC is a safe-haven asset.
“A decelerating positive correlation with SPX/QQQ and a rapidly rising correlation with XAU indicate that investors may view bitcoin as a relative safe haven as macro uncertainty continues and a market bottom remains to be seen,” Bank of America’s securities division analysts wrote.
On Monday, October 24, both bitcoin (BTC) and gold prices have been range bound, and have been less volatile in comparison to equity markets. BTC is trading for just above $19K per unit, while an ounce of .999 fine gold is exchanging hands for 1,646.70 nominal U.S. dollars. Bank of America’s Shah and Moss have been monitoring the 40-day correlation with gold, which is around 0.50 this week. The 0.50 rating is a lot closer and shows a stronger correlation to the precious metal than the zero rating the leading crypto asset BTC recorded in August.
The move comes at a time when macro uncertainty has heightened, and analysts have warned that U.S. Federal Reserve rate hikes could cause a U.S. Treasuries liquidity crisis. Market observers expect an aggressive rate hike next month, but strategists also believe the Fed will pivot by December. Both gold and BTC have fallen a great deal since the two asset’s all-time price highs. Gold for instance tapped a lifetime price high against the U.S. dollar on March 8, 2022, when it reached $2,074 per ounce.
Gold has lost 20.49% against the U.S. dollar since the all-time high 230 days ago. The crypto asset bitcoin (BTC) has shed 72% against the greenback during the last year, after tapping $69,044 per unit on November 10, 2021. Gold today has an overall market capitalization of around $10.895 trillion, while BTC’s market capitalization is around $369 billion.
What do you think about Bank of America’s Shah and Moss explaining that gold and bitcoin have been correlated during the last 40 days? Do you think investors perceive bitcoin as a safe-haven amid today’s macro uncertainty? Let us know 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, editorial photo credit: Bloomberg
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.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
A crypto rewards platform called Freeway.io has notified users that it decided to reallocate capital in order to “manage exposure to future market fluctuations and volatility.” In doing so, users are unable to withdraw funds from the platform, and the Freeway team explained that amid the reallocation process, the team could not comment further.
The crypto community is dealing with another rewards platform that has decided to halt withdrawals amid a decision to reallocate funds. On October 23, the crypto rewards company Freeway.io, formally called Aubit, published a notice to customers that claims foreign exchange (FX) and crypto markets were experiencing “unprecedented volatility.” In order to protect itself from wild fluctuations, it decided to reallocate the company’s funds in order to ensure “the long term sustainability and profitability of the Freeway Ecosystem.”
The Freeway crypto rewards platform promised users up to 40% annual percentage yield (APY) on “Supercharger” accounts. Interestingly, just before the rewards platform published its notice to customers on October 23, the day before, the crypto whistleblower known as “Fatman” warned clients to withdraw from the rewards platform immediately.
“If anyone has funds in crypto yield platform Freeway, I would suggest withdrawing right away,” Fatman tweeted on October 22. The crypto whistleblower further added:
I believe they are operating a Ponzi scheme. In my opinion, it’s likely that Freeway will collapse within the next few months and that all depositors will lose everything.
The Freeway team never explained when the platform will be fully operational again, and it further noted that “while we complete this process, we cannot comment further beyond this statement.” According to Freeway’s web portal, the APY funds paid out to customers derive from “various arbitrage [and] trading investment spreads.” After Fatman’s tweet, a Freeway supporter dubbed “Westcoast Life” wrote that he spent over 12 months verifying the legitimacy of the application.
“Not a ponzi, I’ve spent over a year verifying this. Nice try tho Fat guy,” Westcoast Life wrote to Fatman. The whistleblower then said he would bet the individual’s “entire Freeway account that it is a Ponzi.” Westcoast Life decided to take the bet. Furthermore, the Freeway supporter blocked Fatman following the announcement from Freeway, after an individual said that the person’s tweet “aged well.”
After the announcement stemming from the Freeway.io team, the platform’s native token freeway (FWT) plummeted more than 72% against the U.S. dollar. The crypto asset is now down 95.3% from the all-time high recorded on May 16, 2021. Meanwhile, the individual Westcoast Life seems to still trust that the Freeway.io system will be ok. Bitcoin.com News emailed the Freeway crypto rewards company and our newsdesk has yet to receive a response.*
16 hours ago, he wrote: “We trust you guys – please keep us updated.” And when someone criticized the “not a Ponzi” statement 24 hours later, Westcoast Life replied: “We’ll see.” In response to the comment. Another individual scoffed at Westcoast Life’s comment, and said: “We SAW you get rugged less than 24 hours after gloating.”
*This is a developing story and Bitcoin.com News will update our readers as soon as more information is made public.
What do you think about Freeway.io halting withdrawals and citing market volatility? Let us know 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.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
A crypto rewards platform called Freeway.io has notified users that it decided to reallocate capital in order to “manage exposure to future market fluctuations and volatility.” In doing so, users are unable to withdraw funds from the platform, and the Freeway team explained that amid the reallocation process, the team could not comment further.
The crypto community is dealing with another rewards platform that has decided to halt withdrawals amid a decision to reallocate funds. On October 23, the crypto rewards company Freeway.io, formally called Aubit, published a notice to customers that claims foreign exchange (FX) and crypto markets were experiencing “unprecedented volatility.” In order to protect itself from wild fluctuations, it decided to reallocate the company’s funds in order to ensure “the long term sustainability and profitability of the Freeway Ecosystem.”
The Freeway crypto rewards platform promised users up to 40% annual percentage yield (APY) on “Supercharger” accounts. Interestingly, just before the rewards platform published its notice to customers on October 23, the day before, the crypto whistleblower known as “Fatman” warned clients to withdraw from the rewards platform immediately.
“If anyone has funds in crypto yield platform Freeway, I would suggest withdrawing right away,” Fatman tweeted on October 22. The crypto whistleblower further added:
I believe they are operating a Ponzi scheme. In my opinion, it’s likely that Freeway will collapse within the next few months and that all depositors will lose everything.
The Freeway team never explained when the platform will be fully operational again, and it further noted that “while we complete this process, we cannot comment further beyond this statement.” According to Freeway’s web portal, the APY funds paid out to customers derive from “various arbitrage [and] trading investment spreads.” After Fatman’s tweet, a Freeway supporter dubbed “Westcoast Life” wrote that he spent over 12 months verifying the legitimacy of the application.
“Not a ponzi, I’ve spent over a year verifying this. Nice try tho Fat guy,” Westcoast Life wrote to Fatman. The whistleblower then said he would bet the individual’s “entire Freeway account that it is a Ponzi.” Westcoast Life decided to take the bet. Furthermore, the Freeway supporter blocked Fatman following the announcement from Freeway, after an individual said that the person’s tweet “aged well.”
After the announcement stemming from the Freeway.io team, the platform’s native token freeway (FWT) plummeted more than 72% against the U.S. dollar. The crypto asset is now down 95.3% from the all-time high recorded on May 16, 2021. Meanwhile, the individual Westcoast Life seems to still trust that the Freeway.io system will be ok. Bitcoin.com News emailed the Freeway crypto rewards company and our newsdesk has yet to receive a response.*
16 hours ago, he wrote: “We trust you guys – please keep us updated.” And when someone criticized the “not a Ponzi” statement 24 hours later, Westcoast Life replied: “We’ll see.” In response to the comment. Another individual scoffed at Westcoast Life’s comment, and said: “We SAW you get rugged less than 24 hours after gloating.”
*This is a developing story and Bitcoin.com News will update our readers as soon as more information is made public.
What do you think about Freeway.io halting withdrawals and citing market volatility? Let us know 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.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. Stockholm, Sweden, 24th October, Chainwire: Planet IX, the biggest P&E & NFT project on Polygon, has entered into a strategic merger with a disruptive 3D art & gaming studio – ArcadeNFT. As part of the collaboration, Planet IX will be able to incorporate a much sought-after smart contract developed by ArcadeNFT.
In 2021, ArcadeNFT developed the first-of-its-kind smart contract created specifically for on-chain P&E and PVP gaming where ranking, prizes, and payments are all controlled and fulfilled entirely on the blockchain. Implementing the contract enables on-chain competitive gaming in the Planet IX ecosystem, it also lets Planet IX enter the esports market. Although, it’s a new kind of esport and gaming framework.
On-chain Esports enables safety on all levels of gaming through smart contracts with on-chain brackets and autonomous prize pools. The purpose behind it is basically to reward players for their engagement by transferring a part of all in-game transactions to the prize pools. In practice, it means that an average everyday gamer can earn money when winning a game of Fortnite or Dota via a decentralized system.
Felix Bengtsson, CMO and Co-Founder of Planet IX states that “this partnership is a gateway for further opportunities that will allow Planet IX to be seen as leaders in the NFT and GameFi industry – merging a strategy-based game with on-chain Esports opportunities.”
The most iconic NFT that Arcade will bring to Planet IX is the historical Genesis Pinball. A limited edition NFT launched in August of 2021, with a playable pinball game inside the NFT allowing users to enter the NFT itself directly on OpenSea and play the game. The Pinball NFTs are the first-ever on-chain playable gaming NFTs and holders have received airdrops from all the following releases by ArcadeNFT.
After the Merge, Pinball NFT holders will be airdropped Genesis Corporation NFTs in all of Planet IX’s in-game corporations. The Pinball holders will also be included in the vesting schedule of the IX Token, IXT, which is the native utility token of Planet IX.
The merge came to mind because Planet IX and ArcadeNFT share the same fundamental idea and view on esports and gaming. That all players, not just the best teams and event organizers, should have the opportunity to own their in-game assets and receive rewards through gaming.
ArcadeNFT will assist Planet IX in advancing this concept. The long-term vision is to enable P&E and competitive gaming through NFTs & smart contracts. With massive marketplace backing from Planet IX’s existing ecosystem, the funding of autonomous prize pools for players on all skill levels will be secured when the on-chain gaming concept is developed further by the partnership.
About Planet IX
Planet IX is an NFT-based GameFi strategy platform developed by Nibiru Software. Well, actually it’s a sci-fi game and a metaverse. It’s housed on the Polygon Blockchain, and has a huge marketplace, multiple corporations, vendors, and utilities that aid players in their collective mission to resurrect and rebuild an entire world. The game is free to play on mobile or desktop.
Rasmus Rasmussen
Nibiru
hello@nibiru.se
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
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. Stockholm, Sweden, 24th October, Chainwire: Planet IX, the biggest P&E & NFT project on Polygon, has entered into a strategic merger with a disruptive 3D art & gaming studio – ArcadeNFT. As part of the collaboration, Planet IX will be able to incorporate a much sought-after smart contract developed by ArcadeNFT.
In 2021, ArcadeNFT developed the first-of-its-kind smart contract created specifically for on-chain P&E and PVP gaming where ranking, prizes, and payments are all controlled and fulfilled entirely on the blockchain. Implementing the contract enables on-chain competitive gaming in the Planet IX ecosystem, it also lets Planet IX enter the esports market. Although, it’s a new kind of esport and gaming framework.
On-chain Esports enables safety on all levels of gaming through smart contracts with on-chain brackets and autonomous prize pools. The purpose behind it is basically to reward players for their engagement by transferring a part of all in-game transactions to the prize pools. In practice, it means that an average everyday gamer can earn money when winning a game of Fortnite or Dota via a decentralized system.
Felix Bengtsson, CMO and Co-Founder of Planet IX states that “this partnership is a gateway for further opportunities that will allow Planet IX to be seen as leaders in the NFT and GameFi industry – merging a strategy-based game with on-chain Esports opportunities.”
The most iconic NFT that Arcade will bring to Planet IX is the historical Genesis Pinball. A limited edition NFT launched in August of 2021, with a playable pinball game inside the NFT allowing users to enter the NFT itself directly on OpenSea and play the game. The Pinball NFTs are the first-ever on-chain playable gaming NFTs and holders have received airdrops from all the following releases by ArcadeNFT.
After the Merge, Pinball NFT holders will be airdropped Genesis Corporation NFTs in all of Planet IX’s in-game corporations. The Pinball holders will also be included in the vesting schedule of the IX Token, IXT, which is the native utility token of Planet IX.
The merge came to mind because Planet IX and ArcadeNFT share the same fundamental idea and view on esports and gaming. That all players, not just the best teams and event organizers, should have the opportunity to own their in-game assets and receive rewards through gaming.
ArcadeNFT will assist Planet IX in advancing this concept. The long-term vision is to enable P&E and competitive gaming through NFTs & smart contracts. With massive marketplace backing from Planet IX’s existing ecosystem, the funding of autonomous prize pools for players on all skill levels will be secured when the on-chain gaming concept is developed further by the partnership.
About Planet IX
Planet IX is an NFT-based GameFi strategy platform developed by Nibiru Software. Well, actually it’s a sci-fi game and a metaverse. It’s housed on the Polygon Blockchain, and has a huge marketplace, multiple corporations, vendors, and utilities that aid players in their collective mission to resurrect and rebuild an entire world. The game is free to play on mobile or desktop.
Rasmus Rasmussen
Nibiru
hello@nibiru.se
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
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. It is with much pleasure that Finance Inc announces the launch of its SUPER SAPIENSS NFT website, run by the entertainment DAO project, which is active on FiNANCiE.
About SUPER SAPIENSS
This project is being spearheaded by the noted and prominent Japanese movie directors Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato; along with the producer Takeshi Moriya; who have led the Japanese entertainment and movie industries for years.
In this type of entertainment project, the creation process, from the initial script to the completed webtoon or film, is disclosed to the public; therefore, the fans can be consistently involved in the production of each film.
With the help of FiNANCiE’s “token issuance” and “co-creation community”, the project is intended to establish and build an entertainment DAO, using the tokens to bring a revolutionary era of entertainment to the world. As of now, the project has already completed two funding rounds through the issuance of tokens. Over the course of these two funding rounds, the total cumulative sales are over 50 million JPY, and there are approximately 3,000 members of the community supporting the project. In addition, the project will use the sales revenue to create a webtoon that will be released during the winter of 2022.
By holding tokens, supporters will be actively involved in the project through events and milestones in the community rather than overseeing content production. Also, the project emphasizes the value of sharing the same excitement and experience with three directors.
‘SUPER SAPIENSS THE BEGINNING’, directed by Yukihiko Tsutsumi, is the first movie of SUPER SAPIENSS, and a Japan promotional tour is currently under preparation. Furthermore, the project plans to launch the SUPER SAPIENSS Creators Academy in October 2022 to discover creators.
What is SUPER SAPIENSS NFT?
SUPER SAPIENSS NFT was initially drawn by Japanese manga artist “Chobi” based on a character proposal by director Tsutsumi. The artist is also working on a SUPER SAPIENSS webtoon, and SUPER SAPIENSS epitomizes top-tier Japanese culture worldwide.
SUPER SAPIENSS NFT is the so-called generative NFT.
These NFTs can be purchased with crypto assets on the “mint site” website.
An application website has been launched to allow applicants to apply for a spot on the NFT whitelist during the presale period. There will be a lottery to select the whitelist from the applicants. SUPER SAPIENSS will discount the regular price during this presale period.
Please visit the following website to apply for the whitelist.
Whitelist application period: approximately one week prior to presale start.
The team will post the latest information about NFT on Twitter and Discord:
・SUPER SAPIENSS NFT Twitter: https://twitter.com/supersapi_nft
・SUPER SAPIENSS NFT Discord: https://discord.gg/K63UzDJH
Milestone of SUPER SAPIENSS NFT
Revenues from SUPER SAPIENSS NFT sales will be used to create/produce movies and animations.
Roadmap
The following benefits are also available to NFT holders;
Project initiators
About FiNANCiE
Finance Inc. offers a crowdfunding 2.0 service, FiNANCiE, that takes advantage of blockchain technology and delivers a new token economy through issuing, planning and handling tokens (both FT and NFT). In addition, there are more than 170 token issuers (individuals, sports clubs, and projects).
Company: Financie Inc.
CEO: Naohiro Kunimitsu
Establish: January 2019
Address: Cerulean Towe 15F, 26-1, Shibuya, Tokyo, Japan
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. It is with much pleasure that Finance Inc announces the launch of its SUPER SAPIENSS NFT website, run by the entertainment DAO project, which is active on FiNANCiE.
About SUPER SAPIENSS
This project is being spearheaded by the noted and prominent Japanese movie directors Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato; along with the producer Takeshi Moriya; who have led the Japanese entertainment and movie industries for years.
In this type of entertainment project, the creation process, from the initial script to the completed webtoon or film, is disclosed to the public; therefore, the fans can be consistently involved in the production of each film.
With the help of FiNANCiE’s “token issuance” and “co-creation community”, the project is intended to establish and build an entertainment DAO, using the tokens to bring a revolutionary era of entertainment to the world. As of now, the project has already completed two funding rounds through the issuance of tokens. Over the course of these two funding rounds, the total cumulative sales are over 50 million JPY, and there are approximately 3,000 members of the community supporting the project. In addition, the project will use the sales revenue to create a webtoon that will be released during the winter of 2022.
By holding tokens, supporters will be actively involved in the project through events and milestones in the community rather than overseeing content production. Also, the project emphasizes the value of sharing the same excitement and experience with three directors.
‘SUPER SAPIENSS THE BEGINNING’, directed by Yukihiko Tsutsumi, is the first movie of SUPER SAPIENSS, and a Japan promotional tour is currently under preparation. Furthermore, the project plans to launch the SUPER SAPIENSS Creators Academy in October 2022 to discover creators.
What is SUPER SAPIENSS NFT?
SUPER SAPIENSS NFT was initially drawn by Japanese manga artist “Chobi” based on a character proposal by director Tsutsumi. The artist is also working on a SUPER SAPIENSS webtoon, and SUPER SAPIENSS epitomizes top-tier Japanese culture worldwide.
SUPER SAPIENSS NFT is the so-called generative NFT.
These NFTs can be purchased with crypto assets on the “mint site” website.
An application website has been launched to allow applicants to apply for a spot on the NFT whitelist during the presale period. There will be a lottery to select the whitelist from the applicants. SUPER SAPIENSS will discount the regular price during this presale period.
Please visit the following website to apply for the whitelist.
Whitelist application period: approximately one week prior to presale start.
The team will post the latest information about NFT on Twitter and Discord:
・SUPER SAPIENSS NFT Twitter: https://twitter.com/supersapi_nft
・SUPER SAPIENSS NFT Discord: https://discord.gg/K63UzDJH
Milestone of SUPER SAPIENSS NFT
Revenues from SUPER SAPIENSS NFT sales will be used to create/produce movies and animations.
Roadmap
The following benefits are also available to NFT holders;
Project initiators
About FiNANCiE
Finance Inc. offers a crowdfunding 2.0 service, FiNANCiE, that takes advantage of blockchain technology and delivers a new token economy through issuing, planning and handling tokens (both FT and NFT). In addition, there are more than 170 token issuers (individuals, sports clubs, and projects).
Company: Financie Inc.
CEO: Naohiro Kunimitsu
Establish: January 2019
Address: Cerulean Towe 15F, 26-1, Shibuya, Tokyo, Japan
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. INTERNET CITY, DUBAI, Oct. 24, 2022 – LBank Exchange, a global digital asset trading platform, will list VNX Gold (VNXAU) on October 25, 2022. For all users of LBank Exchange, the VNXAU/USDT trading pair will be officially available for trading at 10:00 UTC on October 25, 2022.
Utilizing the blockchain technology to tokenize the physical gold, VNX Gold (VNXAU) provides the reliability of gold with the flexibility of a crypto asset and enables users to buy and sell the purest gold from anywhere in the world. Its token VNXAU will be listed on LBank Exchange at 10:00 UTC on October 25, 2022, to further expand its global reach and help it achieve its vision.
Introducing VNX Gold
VNX Gold is a project under VNX that enables users to easily manage all of their gold transactions with digital tokens. Its tokenization of gold allows users to skip the hassle of visiting a vault or bank, and confidently invest from anywhere in the world.
As the first registered EEA investment platform for precious metals under the blockchain act (TVTG), VNX complies with the regulations and leading standards of investor protections. It believes that users should be able to make transactions with precious metals from anywhere in the world, with complete confidence and protection.
Upon purchase of the precious metals, users are issued a token on one of the supported blockchains. This token represents their individual ownership of the actual physical metal that is stored in high-security European vaults, independent from the banking system and in full compliance with applicable laws. While tokens may be sold at the platform or crypto exchange, user’s physical bars can be collected personally from the vault and delivered anywhere in the world by request.
Furthermore, user’s investments will be significantly simplified with tokenization. VNX provides a seamless, user-friendly digital platform that allows users to buy and sell precious metals for euro and cryptocurrency and transfer them 24/7 to their crypto wallet anywhere in the world. And users can enjoy a competitive fee structure with no storage fee.
VNXAU is a multichain token which will be available on different blockchains. With the listing on LBank VNX Gold issued its gold-backed tokens on the Q blockchain.
Q is a novel Layer 1 blockchain that offers the highest level of security for high-value use cases such as asset-backed tokens. The issuance of VNXAU on Q allows token holders enjoy high-performance transaction capabilities and solidified trust created by the Q ecosystem.
About VNXAU Token
VNX Gold (VNXAU) is a multichain token that represents ownership of specific physical gold bars purchased and stored in the VNX Gold holder’s name in a highly secured professional vault in the Principality of Liechtenstein. It’s freely transferrable on the supported blockchains and can be transferred to any
Each VNX Gold token holder is the only lawful owner of the gold subject to successful registration, identification, and passing anti-money laundering checks on the VNX Platform. Each one VNX Gold token certifies ownership of one gram of gold in a certain gold bar. There is no ultimate VNX Gold supply limitation because the number of VNX Gold tokens generated is driven by the demand from clients.
The VNXAU token will be listed on LBank Exchange at 10:00 UTC on October 25, 2022, investors who are interested in the VNX Gold investment can easily buy and sell VNXAU token on LBank Exchange by then. The listing of VNXAU token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about VNXAU Token:
Official Website: https://vnx.li
Telegram Chanel: https://t.me/vnx_li
Telegram Chat: https://t.me/VNX_Exchange
Discord: https://discord.gg/5jCaPYwr3f
Twitter: https://twitter.com/VNX_Platform
Instagram: https://www.instagram.com/vnxexchange/
Facebook: https://www.facebook.com/vnx.io/
Medium: https://medium.com/@vnx
About Q Blockchain
Q is a novel blockchain with a focus on transparent and enforceable governance.
Q’s vision is to create a comprehensive governance framework for the decentralized world, thereby enabling the most demanding applications and use cases. With its unique two-tier node system and a dispute resolution mechanism that is integrated into the protocol, Q offers unparalleled security.
This makes Q the ideal platform for high-value use cases such as asset-backed tokens issued by VNX. Users can rest assured that their assets are safe, while enjoying the benefits of a high-performance blockchain such as high transaction speed and low costs. Furthermore, the Q ecosystem offers all the features and tooling you would expect – purpose-built wallets, convenient user interfaces, token bridges to other blockchain ecosystems and much more.
Q is supported by the Q International Foundation, a not-for-profit entity based in the Principality of Liechtenstein.
Learn more about Q:
Website: https://q.org
Discord: https://discord.com/invite/YTgkvJvZGD
Twitter: https://twitter.com/QBlockchain
Medium: https://medium.com/q-blockchain
Documentation: https://docs.q.org/
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 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.
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Image Credits: Shutterstock, Pixabay, Wiki Commons
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