Connect with us
[crypto-donation-box]

Blockchain

Asia Broadband’s AABB Gold Token Offers Stability with Crypto Benefits

AABB Gold Token

Rate this post Investors can now take advantage of the innovation of cryptocurrencies with the stability of gold prices. Asia Broadband’s AABB Gold token marries the two concepts to provide the benefits of both gold and cryptocurrencies. The company’s new offering aims to maintain the prospect of great returns from the two markets in case of price appreciation.  AABB Gold Token Assures Low Volatility Asia Broadband primarily deals in the supply and sales of precious and base metals to customers in Asian markets. To expand its network, it intends to acquire high potential mining projects in Mexico. The company has $100 million in assets and claims that its cryptocurrency is 100% backed by real gold, which belongs to the company’s mining production segment. Built on the Ethereum blockchain, the AABBG Token is being promoted as a digital asset with the qualities of a stablecoin. Asia Broadband suggests that its offering guarantees lower volatility compared to other virtual currencies because its price is supported by actual gold and its value is based on gold prices and market demand. The token is tied to a 0.1-gram gold price, which is currently valued at $6.09. Asia Broadband launched the token in March 2021. The AABB Gold Token made $1 million within the first two weeks of its launch.  AABBG Prices Could Skyrocket Like Major Cryptos Owing to a partnership between Core State Holdings Corp. and Asia Broadband, a next-level digital modular assets exchange will be available for the currency in September 2021, making it tradeable with other cryptos. The exchange will have features that enable the issuance of secure crypto loans, credit and gift cards, and a module to connect retail chains. With the upcoming proprietary crypto exchange, Asia Broadband believes that AABBG prices could witness an upward swing like Bitcoin, as a consequence of its market demand and limited supply in circulation. Recently, markets have seen investors hoarding gold and cryptocurrencies to escape the effects of inflation on their assets. Gold has performed extremely well under the pressure and remains a dependable choice due to its stability. Asia Broadband is hoping that rising gold prices will push AABBG upwards, making it a great option to store investments and carrying out financial transactions.

The post Asia Broadband’s AABB Gold Token Offers Stability with Crypto Benefits appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

Published

on

Table of Contents

Rate this post

Investors can now take advantage of the innovation of cryptocurrencies with the stability of gold prices. Asia Broadband’s AABB Gold token marries the two concepts to provide the benefits of both gold and cryptocurrencies. The company’s new offering aims to maintain the prospect of great returns from the two markets in case of price appreciation. 

AABB Gold Token Assures Low Volatility

Asia Broadband primarily deals in the supply and sales of precious and base metals to customers in Asian markets. To expand its network, it intends to acquire high potential mining projects in Mexico. The company has $100 million in assets and claims that its cryptocurrency is 100% backed by real gold, which belongs to the company’s mining production segment.

Built on the Ethereum blockchain, the AABBG Token is being promoted as a digital asset with the qualities of a stablecoin. Asia Broadband suggests that its offering guarantees lower volatility compared to other virtual currencies because its price is supported by actual gold and its value is based on gold prices and market demand. The token is tied to a 0.1-gram gold price, which is currently valued at $6.09.

Asia Broadband launched the token in March 2021. The AABB Gold Token made $1 million within the first two weeks of its launch. 

AABBG Prices Could Skyrocket Like Major Cryptos

Owing to a partnership between Core State Holdings Corp. and Asia Broadband, a next-level digital modular assets exchange will be available for the currency in September 2021, making it tradeable with other cryptos. The exchange will have features that enable the issuance of secure crypto loans, credit and gift cards, and a module to connect retail chains.

With the upcoming proprietary crypto exchange, Asia Broadband believes that AABBG prices could witness an upward swing like Bitcoin, as a consequence of its market demand and limited supply in circulation.

Recently, markets have seen investors hoarding gold and cryptocurrencies to escape the effects of inflation on their assets. Gold has performed extremely well under the pressure and remains a dependable choice due to its stability. Asia Broadband is hoping that rising gold prices will push AABBG upwards, making it a great option to store investments and carrying out financial transactions.

READ  Gold is Less Effective Hedge Against Inflation Says Blackrock

#AABB Gold Token #Gold Token

Source: https://www.cryptoknowmics.com/news/asia-broadands-aabb-gold-token-offers-gold-stability-with-crypto-benefits/

Blockchain

MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC

MicroStrategy Bitcoin

Rate this post Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury. Michael Saylor Announces New Bitcoin Purchase For MicroStrategy Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets. In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500.  As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance.  Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000.  MicroStrategy Raised $500M to Procure Its Current BTC Investment Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million.  Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin. Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

The post MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

Published

on

Table of Contents

Rate this post

Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury.

Michael Saylor Announces New Bitcoin Purchase For MicroStrategy

Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets.

In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500. 

As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance. 

Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000. 

MicroStrategy Raised $500M to Procure Its Current BTC Investment

Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million. 

Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin.

Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

READ  MicroStrategy’s Bitcoin Stack Up: Brilliant Moves or Risk?

#Bitcoin #CEO Michael Saylor #MicroStrategy #MicroStrategy BTC Investment

Source: https://www.cryptoknowmics.com/news/microstrategy-acquires-more-bitcoin-holds-more-than-105000-btc/

Continue Reading

News

Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

Avatar

Published

on

By

Share some Bitpinas love:

Local exchanges in Thailand had been given a deadline until July 11 to submit their new rules for listing tokens that complies with the new guidelines from the Thailand Securities and Exchange Commission (SEC).

“The Securities and Exchange Commission (SEC) Board has approved the new rules that prohibit digital asset exchanges from providing services in relation to utility tokens and certain types of cryptocurrencies. The rules also specify that the exchanges set a requirement to be imposed in the event that digital tokens issued by their own exchange or related persons are listed on the exchange. In this regard, the token issuer who fails to comply with the white paper and relevant rules in substance could risk having such tokens delisted from the exchange. This new regulatory guideline aims to enhance protection of digital asset traders’ interest.”

The Thai SEC also added that listing rules prohibits local exchanges from providing services that have these following characteristics:

(1) Meme Token – having or no clear objective or substance or underlying, and whose price runs on social media trends.

(2) Fan token: tokenized by the fame of influencers.

(3) Non-Fungible Token (NFT): a digital creation to declare ownership or grant of right in an object or specific right. It is unique and not interchangeable with digital tokens of the same category and type at the equal amount.

(4) Digital tokens which are utilized in blockchain transactions and issued by digital asset exchanges or related persons.

Along with this move is their previous announcement of regulating Decentralize Finance (DeFi) projects in the country, including the issuance of digital tokens.

In the previous announcement, liquidity provider tokens, governance tokens, or tokens issued to those transacting in DeFi projects “must be licensed and must abide by the specified rules”.

The new regulation stipulates crypto exchanges, digital-asset brokerages, digital asset-dealers, private fund managers and investment advisors must be licensed by the Ministry of Finance.

Thai SEC states that, “For traders, it is best to study the DeFi project before getting involved in both technical and security aspects.” They also added that traders “should check whether the service provider is a digital-asset business that is licensed and regulated by the SEC or other regulatory agencies under law.”

This article is published on BitPinas: Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

Share some Bitpinas love:

Source: https://bitpinas.com/regulation/thailand-sec-ban-meme-tokens/

Continue Reading

News

After Bitcoin U-Turn, Nigeria Plans To Launch Central Bank Currency This Year

Avatar

Published

on

By

According to Reuters, the Central Bank of Nigeria (CBN) plans to launch a digital currency pilot as soon as the end of this year.

Last month, the CBN Governor, Godwin Emefiele, made a U-turn on Bitcoin and other cryptocurrencies by saying he will “allow” them. Previously, the CBN had sought to restrict the cryptocurrency sector by imposing regulatory sanctions on monetary businesses that serviced cryptocurrency exchanges.

In a turn of fortunes, it now looks as though Nigerian officials are embracing blockchain technology. All the same, in what may well turn into a showdown between private and public cryptocurrencies in the future, arguments against central bank offerings remain as pertinent as ever.

The Nigerian Central Bank Digital Currency Has Been Years In The Making

Despite Nigeria’s purported aversion to fintech, it’s emerged that the central bank has been working on a digital currency for the past two years.

The CBN Director of Information Technology, Rakiya Mohammed, echoed what many other countries have mentioned in the past. That is, Nigeria will not be left behind in the technological revolution.

“We’re all aware that about 80% of central banks in the world exploring the possibility of issuing central bank digital currency, and Nigeria cannot be left behind.”

One of the reasons given for the CBN’s previous anti-Bitcoin position was a need to protect its citizens. In 2018, the CBN said that there is no legal redress if things go wrong in an unregulated market. There was also the usual spiel of links to illicit activity such as money laundering and terrorist financing.

Mohammed sells the idea of a central bank digital currency on it bringing financial inclusion and having the backing of the Nigerian government.

“If you have a central bank digital currency that is backed by the government, then people can make transactions online without fear of any default.”

Is This The End For Privacy?

As previously mentioned by billionaire investor Ray Dalio, governments will do all they can to maintain monopoly control of their money, even if that means outlawing the competition.

“every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing, because things can get out of control.”

Anthony Pompliano rubbished this idea saying governments cannot ban Bitcoin. But he concedes that a scenario of coordinated global action could make life difficult for Bitcoin users.

And as cryptocurrencies continue to make their mark in the world of finance, regulators and policymakers may soon be forced to show their hand on the matter.

Unlike private cryptocurrencies, which operate on decentralized networks, central bank digital currencies would be issued and controlled by a central bank. This enables them, and by extension national governments, to track every transaction in their economies.

Liberal commentators view this situation as a significant blow to privacy. What’s more, as noted with several U.K banks refusing crypto transactions recently, central digital currencies have the potential to bring about a dystopian future in which transactions deemed “against the state” also get refused.

Source: https://bitcoinist.com/after-bitcoin-u-turn-nigeria-plans-to-launch-central-bank-currency-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=after-bitcoin-u-turn-nigeria-plans-to-launch-central-bank-currency-this-year

Continue Reading
Blockchain5 days ago

GSA To Add Litecoin For The First Time In Upcoming Cryptocurrency Auction

Uncategorized5 days ago

The World Bank wants no part in El Salvador’s Bitcoin revolution

Uncategorized5 days ago

Healthcare: A trillion dollar opportunity for blockchain?

Uncategorized2 days ago

Sichuan Shutdown Order Cripples Chinese Bitcoin Mining Pools

Blockchain4 days ago

Maiar, The Money App Powered By The Elrond Blockchain, Adds Bitcoin

Blockchain5 days ago

Decentral Games: Next gen blockchain entertainment platform

Blockchain2 days ago

Coin Cloud Set to Operate 2000 Crypto Kiosks This Year

Blockchain4 days ago

Global Financial Indexes Provider MSCI Plans to Launch Crypto Indexes

Blockchain4 days ago

Paraguayan Official Confirms: In July We Legislate Bitcoin

Blockchain4 days ago

Ethereum On-Chain-Analyse: Interesse trotz Drop groß

Blockchain4 days ago

This Bitcoin HODLer Metric Has Just Flipped Green For The First Time In 8 Months – Here’s What This Means

Blockchain4 days ago

U.K’s crypto-users are growing in number, but do they even understand the asset class?

Blockchain4 days ago

Call of Duty Warzone Season 4: Satellite Crash Sites, Red Doors

Blockchain4 days ago

The End of NFTs? NFT Sale Transaction Volume Down 95% Since Early May

Blockchain4 days ago

WAVES Technical Analysis: Price Can Move Either Ways

Blockchain3 days ago

Tezos, Algorand, Zcash Price Analysis: 19 June

Uncategorized3 days ago

When does Naraka: Bladepoint release?

Blockchain5 days ago

ZoidPay brings crypto shopping to Amazon, Walmart, eBay, and 40 Million other online retailers

Blockchain2 days ago

What governments don’t realize is going to happen with Bitcoin

Blockchain3 days ago

Top DeepMind AI Products Revolutionizing The World

Trending