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China Studies Bitcoin as an Alternative Investment, Central Bank Deputy Governor Says

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China is a country well-known for its support toward the ‘blockchain not bitcoin’ narrative. The country attempted to clamp down on cryptocurrencies more than once, but it appears that it’s now softening its stance, even taking a somewhat positive approach towards Bitcoin.

Bitcoin as an Alternative Investment Tool

Speaking at the Boao Forum for Asia on April 18th, the former central bank governor of China, Zhou Xiaochuan, and the current central bank deputy governor Li Bo opined on the matter of Bitcoin and cryptocurrencies.

We believe that crypto assets should play a major role in the future, either as an investment tool or as an alternative investment. Many countries, including China, are also studying it as an investment tool.”

Adding to the matter, Zhou Xiaochuan said that people don’t necessarily need to know whether the technology behind digital currencies is centralized or decentralized because “ordinary people don’t necessarily understand what the system behind it is like.” He also ascertained that whatever the case may be, digital currencies must not be used for illicit activities such as money laundering, tax evasion, drug or weapon trafficking, or gambling.

Furthermore, Li Bo said that bitcoin, as well as stablecoins, are “encrypted assets” and that they are an investment option but not a currency.

If it is used as an investment tool, many countries, including China, are also studying what kind of regulatory environment should there be for such an investment method. Although this regulatory  rule is the minimum regulatory rule, there are still regultory rules.”

The high-ranked official doubled down on the importance of legislation which ensures that “speculation in such assets will not cause serious financial risks.” Ultimately, despite the hints of a more positive approach towards bitcoin and other cryptocurrencies, Bo said they would continue to maintain the current measures and practices.


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Positive Market Reaction

Yesterday we saw a serious market-wide crash throughout all cryptocurrencies. As CryptoPotato reported, bitcoin dipped below $52,000, Ether went below $2,000, and so forth, resulting in more than $10 billion worth of liquidations across the board.

Today, however, things are looking brighter. The majority of cryptocurrencies are on the path of recovery, with BTC testing $58K already.

ETH is trading at around $2,250, BNB reclaimed $500, while other large- and mid-cap altcoins also chart substantial increases.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/china-studies-bitcoin-as-an-alternative-investment-central-bank-deputy-governor-says/

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Coinsmart. Beste Bitcoin-Börse in Europa
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Blockchain

More Crypto Gains, Less Carbon Emissions: Platform Plants Trees for Every Trader

Republished by Plato

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By now you’ve probably already heard the scary headlines…

“Bitcoin is killing the polar bears!” – anon

Heads Up: If you aren’t ready to save the world, skip to the end of this article to get yourself access to some awesome trading signals and tools for free.

According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin sucks up around 147 Terawatt Hours per year — 0.68% of global electricity production. In more easy to understand terms that’s around the same power usage as the entire country of Sweden, or Poland.

But is it that simple? No.

 

The reality is that yes the cryptocurrency industry is eating up a lot of power. But the same can be said for almost anything.

If you don’t enjoy Formula 1 racing, you might be tempted to say that it’s a total waste of time, money and a pointless contributor towards rising sea levels and climate change.

Whether or not Bitcoin is worth the environmental/energy cost is up for debate in much the same way.

Why care? Underwater trading is not fun!

Let’s go ahead and say we agree with scientific consensus that global warming is bringing us towards a period of extreme climate change and rising sea levels. Many island nations and countries with coastline are at risk including the densely populated cities such as London, UK.

If you already lose sleep over trades that are sat underwater for a few hours, it’s probably safe to assume that you aren’t going to have a good time if you need scuba gear to degen long your favourite alts a few years from now!

How you can save the world and make better trades

The ProfitFarmers platform is built from the ground up to be your Crypto Co-Pilot. Including expert level signals, copy-trade technology  and advanced trading terminals and tools!

So, Scuba Diver or Astronaut?

It matters not to us, our signal algorithms have been helping our users surf the WAVES…

 

And take interstellar voyages to VENUS…

 

Great gains are awesome, but we wanted to help traders all around the world reduce their carbon footprint without needing compromise on their trading performance.

We’ve decided to team up with One Tree Planted in an effort to stem the Earth’s bleeding.

 

Here’s the bottom line: For every user on our platform, every month we will be planting one Tree!Check out our blog post to find out how you can improve your trading game, make some great gains and start planting some trees now!

Want to get your toes wet for FREE?

If you aren’t ready to save the world just yet (or join us here at ProfitFarmers) then don’t worry. We’ve got something for you that can still help you make more gains from your crypto trading adventure.

We recently created the ‘ProfitFarmers Moon Bag’, free for serious traders. It’s a selection of our advanced tools and scanners as well as market intel and premium signals.
If you have Telegram you can dive straight in by using this link to join the party. Just don’t forget to get access to the tools and education afterwards!

All we ask is that you donate some of your trading gains to environmental causes.

Yep signals just like this for free!

 

Source :- Plato

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Blockchain

Limitless DeFi hosts an event for growing Crypto community in Dubai

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Aiming to bring opportunities for start-up projects seeking to raise funds and mentorship to scale up their blockchain and DeFi projects, Limitless DeFi is conducting an event gathering over 200 visitors to learn, invest, and network.

The event will showcase 20 resource speakers and investors who will share their expertise in a conference and dinner in the SLS hotel, doors will open at 18:00, and the event will start at 19:00. Simultaneously, startup companies will be given a chance to present their projects to the invited panel of investors.

Limitless is the leading networking platform that connects individuals from all over the world to share their insights, views, and expertise on emerging technologies such as Blockchain, DeFi, Crypto and NFTs. Limitless events are known for their extensive board of carefully selected investors from Family Offices, Wealth Management, Crypto Funds, and Private Equity Firms among others.

“We are excited to conduct this event, especially having big shots in the industry like Brook Pierce, Ryan Lackey, Nick Spanos, and more. We decided to step away from having a traditional conference and organize something more laid back and fun. The event will take place in the newly opened hotel SLS, at the Carna restaurant that agreed to take Limitless DeFi as their first exclusive event! It’s going to be awesome, come and see for yourself!” said Tina Lyu, Business Development Manager of LWK Group

LWK Group and NFTclassifieds.com are the major sponsors of the event while LunaPR.io, a prominent blockchain-focused marketing agency in Dubai, will lead the roster of media sponsors.

“As their media partner, we are ecstatic to collaborate with Limitless DeFi on this event and help this leading platform extend their reach to people who love blockchain and crypto,” said Nikita Sachdev, CEO of LunaPR.io who will also serve as a conference speaker. 

To buy tickets please contact [email protected] or call +971 58 529 4884 (Jalol), +971 58 510 1482 (Tina).

About Limitless DeFi

Limitless is a platform that connects individuals from all over the world and lets them share their insights, views, and experiences on Blockchain, DeFi, Crypto, NFT, Digital, and Innovation Technology. They create a series of events dedicated to the currently booming industry of emerging technologies.

For more information, visit www.http://www.limitlessevents.net/.

Disclaimer: This is a paid post and should not be treated as news/advice. 


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/limitless-defi-hosts-an-event-for-growing-crypto-community-in-dubai

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