On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure.
During the last few months, Bitcoin.com News has reported on several instances in which analysts and economists suggest that Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations, are attempting to undermine the U.S. dollar. On March 8, Reuters columnists Nidhi Verma and Noah Browning reported on how India’s oil deals with Russia have put a “dent” in the U.S. dollar’s dominance in the international oil trade.
Oil traders and banking sources told the reporters that Indian customers are paying for Russian oil entirely in non-U.S.-denominated fiat currencies, including the United Arab Emirates (UAE) dirham. The sources said that over the last three months, the deals have accounted for “several hundred million dollars” in transactions between the two countries. Three sources with direct knowledge of the matter chose to disclose the information anonymously due to the “sensitivity of the issue.”
The report is not the first time accounts and sources have noted that India is reportedly getting oil from Russia at a significant discount. The estimated $60-per-barrel price cap was reported on various occasions last year. It has also been alleged that a great deal of oil is simply finding its way back to European petrol stations after India allegedly sells the crude for a premium.
A former chief economist at the U.S. State Department, Daniel Ahn, told Reuters on Wednesday that the dollar’s “strength is unmatched.” Ahn called the moves by the Russian Federation “transitory gains” that won’t have much effect. “Russia’s short-term efforts to try and sell things in return for currencies other than the dollar are not the real threat to Western sanctions,” Ahn said in a statement.
What impact do you think India and Russia’s oil deals settling in non-US currencies will have on the global oil trade and the U.S. dollar’s dominance in it? 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.
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, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure.
During the last few months, Bitcoin.com News has reported on several instances in which analysts and economists suggest that Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations, are attempting to undermine the U.S. dollar. On March 8, Reuters columnists Nidhi Verma and Noah Browning reported on how India’s oil deals with Russia have put a “dent” in the U.S. dollar’s dominance in the international oil trade.
Oil traders and banking sources told the reporters that Indian customers are paying for Russian oil entirely in non-U.S.-denominated fiat currencies, including the United Arab Emirates (UAE) dirham. The sources said that over the last three months, the deals have accounted for “several hundred million dollars” in transactions between the two countries. Three sources with direct knowledge of the matter chose to disclose the information anonymously due to the “sensitivity of the issue.”
The report is not the first time accounts and sources have noted that India is reportedly getting oil from Russia at a significant discount. The estimated $60-per-barrel price cap was reported on various occasions last year. It has also been alleged that a great deal of oil is simply finding its way back to European petrol stations after India allegedly sells the crude for a premium.
A former chief economist at the U.S. State Department, Daniel Ahn, told Reuters on Wednesday that the dollar’s “strength is unmatched.” Ahn called the moves by the Russian Federation “transitory gains” that won’t have much effect. “Russia’s short-term efforts to try and sell things in return for currencies other than the dollar are not the real threat to Western sanctions,” Ahn said in a statement.
What impact do you think India and Russia’s oil deals settling in non-US currencies will have on the global oil trade and the U.S. dollar’s dominance in it? 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.
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.
Xrp rose higher for a third straight session on Wednesday, as prices moved to a two-week high. The rise comes despite market sentiment remaining largely bearish, with the global market cap trading 1.29% lower as of writing. Shiba inu also climbed higher in today’s session.
XRP, formerly ripple, was once again a notable mover, as prices rose for a third straight session on Wednesday.
XRP/USD raced to an intraday high at $0.3952 earlier today, which comes less than 24 hours after trading at a low of $0.3729.
Following the rally, the token has now risen to its highest point since February 21, as it closes in on a ceiling at $0.40.
Looking at the chart, this comes as the relative strength index (RSI) of 14 days marginally broke out of a ceiling at 57.00.
As of writing, the index is tracking at 57.98, which is its strongest reading since the start of February.
Shiba inu (SHIB) jumped back into the green on Wednesday, as prices reentered a key support point.
Following a low of $0.00001065 on Tuesday, SHIB/USD surged to a peak at $0.00001132 earlier in the day.
The move saw the meme coin move back above a price floor at $0.00001100, following a breakout to start the week.
Overall, it appears that this rise in price comes as the RSI moved away from a recent floor at 36.00.
As of writing, the index is tracking at 39.63, with a ceiling at 42.00 a possible target for bulls.
In order for this rally to turn from something brief into something more sustained, this ceiling will need to be broken.
Register your email here to get weekly price analysis updates sent to your inbox:
Could shiba inu extend gains through the remainder of the week? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
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.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Xrp rose higher for a third straight session on Wednesday, as prices moved to a two-week high. The rise comes despite market sentiment remaining largely bearish, with the global market cap trading 1.29% lower as of writing. Shiba inu also climbed higher in today’s session.
XRP, formerly ripple, was once again a notable mover, as prices rose for a third straight session on Wednesday.
XRP/USD raced to an intraday high at $0.3952 earlier today, which comes less than 24 hours after trading at a low of $0.3729.
Following the rally, the token has now risen to its highest point since February 21, as it closes in on a ceiling at $0.40.
Looking at the chart, this comes as the relative strength index (RSI) of 14 days marginally broke out of a ceiling at 57.00.
As of writing, the index is tracking at 57.98, which is its strongest reading since the start of February.
Shiba inu (SHIB) jumped back into the green on Wednesday, as prices reentered a key support point.
Following a low of $0.00001065 on Tuesday, SHIB/USD surged to a peak at $0.00001132 earlier in the day.
The move saw the meme coin move back above a price floor at $0.00001100, following a breakout to start the week.
Overall, it appears that this rise in price comes as the RSI moved away from a recent floor at 36.00.
As of writing, the index is tracking at 39.63, with a ceiling at 42.00 a possible target for bulls.
In order for this rally to turn from something brief into something more sustained, this ceiling will need to be broken.
Register your email here to get weekly price analysis updates sent to your inbox:
Could shiba inu extend gains through the remainder of the week? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
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. Singapore—March 8, 2023—BYDFi crypto Exchange announced its partnership with Coinify, a credit card payment provider that enables users to buy cryptocurrencies with ease. Coinify is offering a one-week zero transaction fee promotion for BYDFi Exchange users.
This collaboration marks a significant milestone for BYDFi, as it means more users can purchase cryptocurrencies using their credit cards, while also increasing the competitive edge of BYDFi in the global market. Through this partnership, BYDFi can cater to more users’ needs and increase its trading volume and value.
Coinify is a compliant, secure and regulated payment provider that offers users a range of payment options, including credit cards, bank transfers, and more. In addition, Coinify provides an easy-to-use platform for purchasing cryptocurrencies.
The brand manager of BYDFi said, “We are excited to partner with Coinify. Coinify is a reputable payment provider that offers convenient and secure payment options for users. In addition, Coinify is providing a one week zero transaction fee promotion for our users, which is a very attractive offer. We believe this will attract more users to use BYDFi.”
This partnership will further drive the development of BYDFi in the cryptocurrency trading market, providing users with better trading experiences and services. If you are interested in the partnership between BYDFi and Coinify, please visit the BYDFi website for more information.
About Coinify
Coinify ApS is an established global virtual currency platform actively offering solutions in Europe, Asia and other regions. Their mission is to mainstream the use of virtual currencies and thus help businesses and individuals to adopt financial innovation. Moreover, Coinify can be seen as a bridge for merchants that can e.g. accept blockchain payments in 15 currencies and receive payouts in fiat.
About BYDFi
BYDFi is a cryptocurrency trading platform for global investors. It has continued to bring professional, convenient and new trading services to global users since 2020. BYDFi provides users with a trading solution through Spot, Contracts for Differences (CFDs), Inverse perpetual contracts, USDT perpetual contracts, Grid trading, and Copy-trading services.
BYDFi: https://www.bydfi.com
Media Contact： Jeanne Hsieh
Contact: media@bydfi.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
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Singapore—March 8, 2023—BYDFi crypto Exchange announced its partnership with Coinify, a credit card payment provider that enables users to buy cryptocurrencies with ease. Coinify is offering a one-week zero transaction fee promotion for BYDFi Exchange users.
This collaboration marks a significant milestone for BYDFi, as it means more users can purchase cryptocurrencies using their credit cards, while also increasing the competitive edge of BYDFi in the global market. Through this partnership, BYDFi can cater to more users’ needs and increase its trading volume and value.
Coinify is a compliant, secure and regulated payment provider that offers users a range of payment options, including credit cards, bank transfers, and more. In addition, Coinify provides an easy-to-use platform for purchasing cryptocurrencies.
The brand manager of BYDFi said, “We are excited to partner with Coinify. Coinify is a reputable payment provider that offers convenient and secure payment options for users. In addition, Coinify is providing a one week zero transaction fee promotion for our users, which is a very attractive offer. We believe this will attract more users to use BYDFi.”
This partnership will further drive the development of BYDFi in the cryptocurrency trading market, providing users with better trading experiences and services. If you are interested in the partnership between BYDFi and Coinify, please visit the BYDFi website for more information.
About Coinify
Coinify ApS is an established global virtual currency platform actively offering solutions in Europe, Asia and other regions. Their mission is to mainstream the use of virtual currencies and thus help businesses and individuals to adopt financial innovation. Moreover, Coinify can be seen as a bridge for merchants that can e.g. accept blockchain payments in 15 currencies and receive payouts in fiat.
About BYDFi
BYDFi is a cryptocurrency trading platform for global investors. It has continued to bring professional, convenient and new trading services to global users since 2020. BYDFi provides users with a trading solution through Spot, Contracts for Differences (CFDs), Inverse perpetual contracts, USDT perpetual contracts, Grid trading, and Copy-trading services.
BYDFi: https://www.bydfi.com
Media Contact： Jeanne Hsieh
Contact: media@bydfi.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
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. It is incredible to see the utilisation of AI in every industry in some shape or form, but above all else, companies such as ChatGPT or DALL-E that are able to respond to millions of requests within a matter of seconds provide a clear illustration of the amount of processing and power being utilized in the backend. In order to produce accurate results, these large companies will need sufficient processing power to train their AI models for deep learning. So, they will have to rely on HPC data centres.
Solidus is building an HPC data centre in Europe and has already raised over $6,000,000 in investment from interested companies and high net-worth individuals. The idea is to reduce computing costs and transform the way computing and technology activities are organised when combined with scalable tools in order to support and nudge developers to deliver and monetize their applications easily, quickly, and securely. In addition, large institutions will also be able to benefit from this, as they will have a discount on computing power delivered through the Infrastructure-as-a-Service (IaaS) platform when using the AITECH tokens to purchase services.
Investing in Solidus Ai Tech is not just a smart move; it’s a forward-thinking decision that will help you stay ahead of the curve in the rapidly evolving world of technology.
Why Investing in Solidus Ai Tech’s Token is a Smart Move
Solidus Ai Tech, a high performance data centre located in Europe, is launching its own token, and you may be wondering whether it is worth investing in. In this blog post, we will explore why investing in Solidus Ai Tech’s token is a smart move.
1. A Proven Track Record
Solidus Ai Tech has a proven track record in the data centre industry where their parent company Solidus Technologies set up an Ethereum mining farm in 2018. The company has established itself as a reliable and innovative player in the market. Solidus Ai Tech has a state-of-the-art data centre that will offer high performance computing, cloud services, and colocation.
2. A Growing Industry
The data centre industry is growing at a rapid pace, and it shows no signs of slowing down. The demand for high performance computing and cloud services is increasing, and Solidus Ai Tech is well-positioned to take advantage of this growth. Investing in Solidus Ai Tech’s token means investing in a growing industry with a promising future.
3. Innovative Technology
Solidus Ai Tech is at the forefront of innovative technology in the data centre industry. The company has invested heavily in research and development, and it has developed cutting-edge technology that sets it apart from its competitors. The company’s technology allows for high performance computing, faster data processing, and greater energy efficiency.
4. Tokenomics
Solidus Ai Tech’s token (AITECH) is designed to provide investors with a range of benefits. The token will be used to access Solidus Ai Tech’s services. There is strong demand for Ai services which is proven by ChatGPT which broke a new record by accelerating to over 1,000,000 users in just 5 days (now over 100,000,000 users). Additionally, the AITECH token is deflationary where supply will be reduced by 50% over time which should help long term growth. This means that investing in AITECH is not just a speculative investment, but a way to participate in the company’s long term success.
5. Strong Team
Solidus Ai Tech has a strong team of professionals with a wealth of experience in the data centre industry. The team is led by experienced and knowledgeable executives who have a proven track record of success. This gives investors confidence that the company is well-positioned to succeed.
Roadmap to Success – 2023
The video gives a quick rundown of what the company has planned for the year ahead. It’s like a roadmap, but in video format – short, snappy, and easy to understand.
Conclusion
Investing in Solidus Ai Tech’s token is a smart move for several reasons. Solidus have a proven track record, is part of a growing industry, has innovative technology, offer attractive tokenomics, and has a strong team. By investing in Solidus Ai Tech’s token, investors can participate in the company’s success and benefit from the growth of the industry.
Interested in Investing early?
Visit the official website and create an account to invest: https://www.ai-tech.io
Also check out the CertiK’s Gold Verification & Trust score: https://www.certik.com/projects/solidus-ai-tech
Social media links
Facebook: www.facebook.com/aitechio
Instagram: www.instagram.com/aitechio
Linkedin: www.linkedin.com/aitechio
Telegram: www.telegram.com/aitechio
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
Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals
A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.
PRESS RELEASE. It is incredible to see the utilisation of AI in every industry in some shape or form, but above all else, companies such as ChatGPT or DALL-E that are able to respond to millions of requests within a matter of seconds provide a clear illustration of the amount of processing and power being utilized in the backend. In order to produce accurate results, these large companies will need sufficient processing power to train their AI models for deep learning. So, they will have to rely on HPC data centres.
Solidus is building an HPC data centre in Europe and has already raised over $6,000,000 in investment from interested companies and high net-worth individuals. The idea is to reduce computing costs and transform the way computing and technology activities are organised when combined with scalable tools in order to support and nudge developers to deliver and monetize their applications easily, quickly, and securely. In addition, large institutions will also be able to benefit from this, as they will have a discount on computing power delivered through the Infrastructure-as-a-Service (IaaS) platform when using the AITECH tokens to purchase services.
Investing in Solidus Ai Tech is not just a smart move; it’s a forward-thinking decision that will help you stay ahead of the curve in the rapidly evolving world of technology.
Why Investing in Solidus Ai Tech’s Token is a Smart Move
Solidus Ai Tech, a high performance data centre located in Europe, is launching its own token, and you may be wondering whether it is worth investing in. In this blog post, we will explore why investing in Solidus Ai Tech’s token is a smart move.
1. A Proven Track Record
Solidus Ai Tech has a proven track record in the data centre industry where their parent company Solidus Technologies set up an Ethereum mining farm in 2018. The company has established itself as a reliable and innovative player in the market. Solidus Ai Tech has a state-of-the-art data centre that will offer high performance computing, cloud services, and colocation.
2. A Growing Industry
The data centre industry is growing at a rapid pace, and it shows no signs of slowing down. The demand for high performance computing and cloud services is increasing, and Solidus Ai Tech is well-positioned to take advantage of this growth. Investing in Solidus Ai Tech’s token means investing in a growing industry with a promising future.
3. Innovative Technology
Solidus Ai Tech is at the forefront of innovative technology in the data centre industry. The company has invested heavily in research and development, and it has developed cutting-edge technology that sets it apart from its competitors. The company’s technology allows for high performance computing, faster data processing, and greater energy efficiency.
4. Tokenomics
Solidus Ai Tech’s token (AITECH) is designed to provide investors with a range of benefits. The token will be used to access Solidus Ai Tech’s services. There is strong demand for Ai services which is proven by ChatGPT which broke a new record by accelerating to over 1,000,000 users in just 5 days (now over 100,000,000 users). Additionally, the AITECH token is deflationary where supply will be reduced by 50% over time which should help long term growth. This means that investing in AITECH is not just a speculative investment, but a way to participate in the company’s long term success.
5. Strong Team
Solidus Ai Tech has a strong team of professionals with a wealth of experience in the data centre industry. The team is led by experienced and knowledgeable executives who have a proven track record of success. This gives investors confidence that the company is well-positioned to succeed.
Roadmap to Success – 2023
The video gives a quick rundown of what the company has planned for the year ahead. It’s like a roadmap, but in video format – short, snappy, and easy to understand.
Conclusion
Investing in Solidus Ai Tech’s token is a smart move for several reasons. Solidus have a proven track record, is part of a growing industry, has innovative technology, offer attractive tokenomics, and has a strong team. By investing in Solidus Ai Tech’s token, investors can participate in the company’s success and benefit from the growth of the industry.
Interested in Investing early?
Visit the official website and create an account to invest: https://www.ai-tech.io
Also check out the CertiK’s Gold Verification & Trust score: https://www.certik.com/projects/solidus-ai-tech
Social media links
Facebook: www.facebook.com/aitechio
Instagram: www.instagram.com/aitechio
Linkedin: www.linkedin.com/aitechio
Telegram: www.telegram.com/aitechio
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
Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals
A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.
PRESS RELEASE. London, United Kingdom, March 8th 2023, Chainwire. GameFi arcade project Metacade has continued to see a phenomenal response to its MCADE token presale, with 5 stages selling out and an impressive $9.3m raised to date. This leaves only two rounds before the presale closes and the hotly anticipated token finally lists on public exchanges.
During the recent Metacade presale, a significant demand for tokens led to Stage 5 quickly reaching its token sale cap at a price of $0.0155. The current stage 6 sees a token price of $0.017, ahead of its ultimate increase to $0.020 in the closing stage of the presale. Once the presale sells out, the token will be unleashed on multiple crypto exchanges, including Bitmart and Uniswap.
Russell Bennett, CEO at Metacade, said: “It feels like only yesterday that we opened the MCADE presale and it’s already coming to a close. We’re thrilled to have so many investors and GameFi enthusiasts on board for the next stage of Metacade’s journey. Everything is on track and we will be keeping the community updated every step of the way.”
It certainly has been interesting to follow the buzzing Metacade social channels, where a loyal development community shares ideas, including app interfaces and UX concepts. The business aims to hire from within the existing community as the project progresses following the presale.
Metacade is set to deliver the ultimate play-to-earn experience and change the face of gaming. Built on blockchain-based play-to-earn mechanics, Metacade will allow gamers to earn a crypto income while playing a vast range of arcade-style games. The GameFi project is building a community hub for all things play-to-earn where gamers can meet, exchange gaming alpha, and compete against each other in tournaments to earn MCADE.
MCADE is the fuel for the Metacade ecosystem and is used in all transactions on the platform. Gamers will be rewarded tokens for gameplay such as overcoming challenges, completing tasks, and battling it out in PvP sessions. Users will also be awarded MCADE tokens for their valuable contributions to the platform, such as sharing knowledge with fellow gamers, writing game reviews, and engaging in events.
A highly attractive feature that’s drawing in investors is the Metagrants initiative, a source of funding for game developers to build projects on the platform. Developers submit game proposals to the community who vote on what projects they would like to see built. The most popular proposals are awarded funding and the developers can set about bringing their ideas to life.
Metacade recently received approval from leading blockchain auditing firm Certik who analyzed and evaluated the project’s specifications and code, as well as assured the authenticity of the Metacade team through a full KYC. This prestigious approval places Metacade among other Certik-approved projects, including Chiliz, Aave, and Polygon, assuring investors that Metacade is transparent and reliable.
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the broader gaming community.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO, evidencing its commitment to its original ethos of people-led gaming.
Website: https://metacade.co/en
Whitepaper: Metacade Whitepaper
Socials: Metacade Socials
Contact
CEO
Russell Bennett
Metacade
pr@metacade.co
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. London, United Kingdom, March 8th 2023, Chainwire. GameFi arcade project Metacade has continued to see a phenomenal response to its MCADE token presale, with 5 stages selling out and an impressive $9.3m raised to date. This leaves only two rounds before the presale closes and the hotly anticipated token finally lists on public exchanges.
During the recent Metacade presale, a significant demand for tokens led to Stage 5 quickly reaching its token sale cap at a price of $0.0155. The current stage 6 sees a token price of $0.017, ahead of its ultimate increase to $0.020 in the closing stage of the presale. Once the presale sells out, the token will be unleashed on multiple crypto exchanges, including Bitmart and Uniswap.
Russell Bennett, CEO at Metacade, said: “It feels like only yesterday that we opened the MCADE presale and it’s already coming to a close. We’re thrilled to have so many investors and GameFi enthusiasts on board for the next stage of Metacade’s journey. Everything is on track and we will be keeping the community updated every step of the way.”
It certainly has been interesting to follow the buzzing Metacade social channels, where a loyal development community shares ideas, including app interfaces and UX concepts. The business aims to hire from within the existing community as the project progresses following the presale.
Metacade is set to deliver the ultimate play-to-earn experience and change the face of gaming. Built on blockchain-based play-to-earn mechanics, Metacade will allow gamers to earn a crypto income while playing a vast range of arcade-style games. The GameFi project is building a community hub for all things play-to-earn where gamers can meet, exchange gaming alpha, and compete against each other in tournaments to earn MCADE.
MCADE is the fuel for the Metacade ecosystem and is used in all transactions on the platform. Gamers will be rewarded tokens for gameplay such as overcoming challenges, completing tasks, and battling it out in PvP sessions. Users will also be awarded MCADE tokens for their valuable contributions to the platform, such as sharing knowledge with fellow gamers, writing game reviews, and engaging in events.
A highly attractive feature that’s drawing in investors is the Metagrants initiative, a source of funding for game developers to build projects on the platform. Developers submit game proposals to the community who vote on what projects they would like to see built. The most popular proposals are awarded funding and the developers can set about bringing their ideas to life.
Metacade recently received approval from leading blockchain auditing firm Certik who analyzed and evaluated the project’s specifications and code, as well as assured the authenticity of the Metacade team through a full KYC. This prestigious approval places Metacade among other Certik-approved projects, including Chiliz, Aave, and Polygon, assuring investors that Metacade is transparent and reliable.
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the broader gaming community.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO, evidencing its commitment to its original ethos of people-led gaming.
Website: https://metacade.co/en
Whitepaper: Metacade Whitepaper
Socials: Metacade Socials
Contact
CEO
Russell Bennett
Metacade
pr@metacade.co
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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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. Bucharest, Romania,7.03.2023 – Bware Labs, a leading blockchain infrastructure provider, is launching today the mainnet of their blockchain API platform, Blast.
Blast is a blockchain API platform, designed to provide easy blockchain access to the most relevant networks in the blockchain space. Using Blast, developers are able to get RPC, REST and WebSocket access to an ever-growing number of blockchain networks in just a couple of simple steps.
With the launch of Blast’s mainnet, Bware Labs brings about a new generation of blockchain APIs. The speed and reliability of the API platform will rely mainly on the platform’s Proof of Quality protocol, which refers to enabling node owners to permissionlessly join the Blast Protocol as Node Providers, under the condition that their nodes can satisfy the platform’s performance and data integrity standards.
To participate in Blast’s protocol, Node Providers will need to stake tokens, while all other users can earn an APY by delegating to a Node Provider using Blast’s delegation explorer. Blast’s token holders will also play a critical role in governing the platform’s future development initiatives and improvements for the Decentralized Infrastructure Protocol.
Moreover, according to Bware Labs CEO Flavian Manea, Mainnet brings the chance for the community to participate in the protocol by delegating the company’s INFRA tokens to available staking pools.
“The biggest challenge is being true to your word when it comes to what you want to bring to the table. Maintaining above industry-level standards in terms of quality while running the platform in a decentralized manner is definitely not easy” states Flavian. “In order to tackle that we had to find our own routes and methods, that could ensure that the nodes on Blast present the required performance and that would not prohibit the scalability potential of Blast. Now, decentralization is in sight – all hands on deck lads, let’s launch this ship!”
Blast’s mainnet launch is part of Bware Labs’ ongoing commitment to support Web3 developers throughout their entire blockchain journey by providing high-quality solutions that can help them scale their products faster and easier.
The mainnet launch will roll out in stages, and following the end of the Houston Testnet, Bware Labs will start onboarding the testnet participants, while the permissionless onboarding for anyone who wants to become a Node Provider in Blast will come in the following two weeks, along with the launch of the INFRA token and the possibility to delegate it in available staking pools.
Keep your eyes on the announcements from Bware Labs, and be prepared to jump in one of the biggest blockchain infrastructure providers of the year.
About Bware Labs
Bware Labs is creating an infrastructure and development ecosystem to support Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption.
For more information visit the Blast website or contact Bware Labs at info@bwarelabs.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
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. Bucharest, Romania,7.03.2023 – Bware Labs, a leading blockchain infrastructure provider, is launching today the mainnet of their blockchain API platform, Blast.
Blast is a blockchain API platform, designed to provide easy blockchain access to the most relevant networks in the blockchain space. Using Blast, developers are able to get RPC, REST and WebSocket access to an ever-growing number of blockchain networks in just a couple of simple steps.
With the launch of Blast’s mainnet, Bware Labs brings about a new generation of blockchain APIs. The speed and reliability of the API platform will rely mainly on the platform’s Proof of Quality protocol, which refers to enabling node owners to permissionlessly join the Blast Protocol as Node Providers, under the condition that their nodes can satisfy the platform’s performance and data integrity standards.
To participate in Blast’s protocol, Node Providers will need to stake tokens, while all other users can earn an APY by delegating to a Node Provider using Blast’s delegation explorer. Blast’s token holders will also play a critical role in governing the platform’s future development initiatives and improvements for the Decentralized Infrastructure Protocol.
Moreover, according to Bware Labs CEO Flavian Manea, Mainnet brings the chance for the community to participate in the protocol by delegating the company’s INFRA tokens to available staking pools.
“The biggest challenge is being true to your word when it comes to what you want to bring to the table. Maintaining above industry-level standards in terms of quality while running the platform in a decentralized manner is definitely not easy” states Flavian. “In order to tackle that we had to find our own routes and methods, that could ensure that the nodes on Blast present the required performance and that would not prohibit the scalability potential of Blast. Now, decentralization is in sight – all hands on deck lads, let’s launch this ship!”
Blast’s mainnet launch is part of Bware Labs’ ongoing commitment to support Web3 developers throughout their entire blockchain journey by providing high-quality solutions that can help them scale their products faster and easier.
The mainnet launch will roll out in stages, and following the end of the Houston Testnet, Bware Labs will start onboarding the testnet participants, while the permissionless onboarding for anyone who wants to become a Node Provider in Blast will come in the following two weeks, along with the launch of the INFRA token and the possibility to delegate it in available staking pools.
Keep your eyes on the announcements from Bware Labs, and be prepared to jump in one of the biggest blockchain infrastructure providers of the year.
About Bware Labs
Bware Labs is creating an infrastructure and development ecosystem to support Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption.
For more information visit the Blast website or contact Bware Labs at info@bwarelabs.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
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. Tallinn, Estonia, 7th March 2023, Chainwire. After raising more than $100,000 in under 24 hours from their private sale, leading trading signals provider AltSignals is launching its highly anticipated public ASI token presale today (March 7th, 2023) at 12pm GMT. This follows the exciting announcement of ActualizeAI, a pioneering AI-powered trading tool that will soon be available to ASI holders. With the token providing access to the groundbreaking tool, demand is expected to be high when the presale opens.
There are 500 million ASI tokens in total, with 58% of these being made available during the presale event. The opening price is $0.012 per token and this will rise incrementally through 5 stages of the presale to $0.02274 in the final stage – almost a 90% increase from the starting price. The number of tokens available in each stage will decrease as the presale goes on, with 25% allocated to the opening round and just 7% in the closing stage.
With a community of 52,000 traders already behind AltSignals, news of the ASI presale has received an extremely warm reception. The exclusive members-only presale raised over $100,000 in under 24 hours, which is a promising precursor for the public presale. The native investment opportunity will allow AltSignals to put into motion the development of its innovative ActualizeAI trading stack and amplify the accuracy of the trading signals it delivers.
ASI token holders will be granted exclusive access to an AI trading indicator that is set to supercharge trading signals through the use of machine learning, predictive modeling, and NLP (natural language processing), as per the plans laid out in the whitepaper. AltSignals is dedicated to continually improving the volume and accuracy of the signals it provides, and its ActualizeAI tool will truly set it apart from other trading platforms.
Rod Phim, CEO at AltSignals, said, “The development of ActualizeAI could change the game for trading across the markets. We’re really excited to begin the product development that should see our signal accuracy go through the roof as we harness the power of AI to make more accurate predictions”.
Established in 2017, AltSignals first found its fame in the trading community for its AltAlgo™ Indicator, an indicator that uses predictive modeling and technical analysis to combine trading strategies and provide traders with optimal buy and sell opportunities.
The community has grown exponentially over the past five years with users from all over the world relying on and trusting the daily signals AltSignals provides on Forex, Crypto, Binance Futures, CFD, and shares. A wealth of trading reports are available on the AltSignals website, demonstrating the transparency and success of the platform.
Backtests from AltSignals indicators have shown an incredible 70-83% success rate on BTC and ETH trades, so it comes as no surprise that traders continue to return to AltSignals for essential trading alpha and to maintain an edge in the markets. The platform is also backed by almost 500 excellent reviews on Trustpilot, with an average score of 4.9/5.
AltSignals is offering investors holding certain levels of tokens lifetime access to the upcoming ActualizeAI signals service, once it has been developed. This “AI Members Club” will give members the chance to beta-test new tools and earn ASI tokens for their contributions to the club.
The high-utility ASI token is shaping up to be a valuable asset that will unlock indispensable trading tools and alpha for its holders. With the impending launch of ActualizeAI, a tool poised to provide life-changing trading opportunities, demand for the ASI token is expected to be high once the presale opens.
Those interested in participating in the AltSignals presale can do so here.
About AltSignals
AltSignals has been providing leading algorithm-based indicators & signals to its 52,000 members since 2017. Priding themselves on transparency, the strength of their service & indicators is backed up by almost 500 excellent reviews on Trustpilot, with an average score of 4.9/5.
AltSignals is most known for its cutting-edge AltAlgo™ indicator tool. This innovative trading indicator tool scans the market in real-time and shows traders at what price is optimal to buy and sell.
In 2023 they announced their plans to develop an AI-based trading algorithm to supercharge their current suite of tools, named ‘ActualizeAI’.
For more information, visit:
Website | Whitepaper | Socials
Contact
CEO
Rod Phim
AltSignals
press@altsignals.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
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.
Source From : News