Connect with us

Blockchain

COVID-19 triggers a phenomenal need for Stable Coins

The recent demand for stablecoins, especially for USDT and USDC (which are available on DRGx) soared to an all-time high of $7.5 billion recently. This eye-watering amount comes in the wake of widespread financial disruption due to the Coronavirus.

Republished by Plato

Published

on

The recent demand for stablecoins, especially for USDT and USDC (which are available on DRGx) soared to an all-time high of $7.5 billion recently. This eye-watering amount comes in the wake of widespread financial disruption due to the Coronavirus. With companies all across the globe looking to obtain US Dollars, albeit in a tokenised form to secure ‘crypto-dollars’. The question on many observer’s minds, not least the US Federal Reserve is, once the world recovers, will there still be such a strong demand for physical currencies? Or, are we really at the dawn of seeing worldwide mass adoption of digital currencies?

That’s undoubtedly what Dragon co-founder, Paul Moynan believes,

‘the world is seeing how easy it is to access and use digital currencies and are breaking free from centralised financial systems which is understandable, as companies and individuals still remember the implications of the last financial crash. Over the coming weeks, I predict that this demand will continue, especially across emerging markets, governments, as well as their citizens, as stablecoins will empower individuals, allowing them to bypass traditional banking systems. I’m also very confident that the use of Blockchain technology by medical partners will be a key aspect to recovery, with people using the Blockchain to secure their personal data, giving the power and control back to the individuals, allowing populations to become free from fear and get back to a better standard of living.’

And it seems that stablecoins backed by metal, such as Tether Gold are also in high-demand demand, as people look for a stable store of value to counter wide swings in volatility, and with companies such as Ruby Fund offering tokenisation of Ruby assets, this year will see an explosion of tokenisation, which will spread far and wide. Governments may try to resist, but with even the most ardent opponents waking up to the flexibility, accessibility and transparency tokenisation brings. They may have no choice but to move toward utilising USDT, BTC or the inbound Chinese digital currency, or to create their own, as Wales in the UK recently announced plans to pilot one.

One thing we are set to see, however, is an increase of pace by the US and China to launch their state-backed digital currencies, to become the first to capitalise when economies recover, to become the stablecoin of choice by offering companies redeemable tokenised assets backed by USD or the Renminbi.

Once the current economic and physical challenges are overcome, we can expect to see announcements on digital currencies coming thick and fast, so make sure you keep up to date by reading the Dragon Blog, available here.

Digital currency trading is complex and not suitable for everybody. The valuation of digital currencies may fluctuate; you are responsible for all the risks and financial resources you use in your chosen trading system. Any content on this site should not be relied upon as advice or construed as providing recommendations of any kind.  If you do not fully understand these risks, you must seek independent advice.

Source: https://blog.dragon.online/covid-19-triggers-a-phenomenal-need-for-stable-coins/

Blockchain

SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco Project

Republished by Plato

Published

on

SafeEarth

Bitcoin Press ReleaseBlockchain eco project SafeEarth has donated over $100,000 to TheOceanCleanUp charity with more donations planned for other global charities. 

 

16th April, 2021, London, UK SafeEarth, a blockchain eco project, has donated over $100,000 to community selected charity TheOceanCleanUp. The donated funds will help towards the removal of plastic waste from the planet. This generous donation represents the first act of SafeEarth’s continuing initiative to help charities across the globe. 

 

The money was raised from SAFEEARTH token transaction fees. From each token transaction a portion of the fees will continue to be used for further donations to charities that focus on green initiatives as SafeEarth looks to effect a lasting and positive change on the planet.

 

The Ocean Cleanup Head of IT Steven Bink offered his thanks to Safe Earth on Twitter, stating: 

 

Dear SafeEarth community. On behalf of the entire crew at The Ocean Cleanup, I would like to thank you for this very generous donation. We are also honored that you chose The Ocean Cleanup to be the first charity to receive this gift from @SafeEarthETH”

 

Safe Earth & Earth Fund

Deforestation, pollution, global warming and many other factors have had an adverse effect on the environment for decades. As the world shifts more towards renewables and eco-friendly alternatives, initiatives like that of  Safe Earth represent a changing mentality in industry 

 

SafeEarth’s sole focus is to generate capital and build a community which is able to repair the ecological damage done to the planet. Safe Earth also collaborates with another green charity called The Earth Fund, which has raised around 50 ETH ($125,000 at the time of writing) to be used for similar causes. 

 

#PlasticChallenge

As a part of their plan to raise awareness for ecological causes SafeEarth have also started a #PlasticChallenge on twitter, which urges people to get rid of plastic waste. The challenge (which launched on 27th of March) rewards users from a prize pool of $3,600 in SAFEEARTH tokens. 

 

In the short time since the challenge began the SAFEEARTH token has been listed on the number one DEX Uniswap, recorded $3 million in trading volume and locked away more than $1.5 million in liquidity. 

 

SAFEEARTH Token Burn & Benefits

The SAFEEARTH token is a deflationary asset that uses an autonomous yield and liquidity generation protocol. Each transaction charges a total of 4% in fees, which is then broken up evenly with 1% going to charities, 1% refunded to holders, 1% for advertising and 1% token lock-ups to increase liquidity. By burning at least 50% of the total supply after launch, (which will go to a black hole address) SafeEarth ensures increased token scarcity and liquidity. 

 

$SAFEMARS

$SAFEMARS is the sister token to SafeEarth and available on PancakeSwap exchange. The token uses very similar tokenomics to SAFEEARTH and over 50% of the tokens have already been burned. As none of the transaction fees from SafeMars go towards charity the company has chosen to give more back to users, with a total of 2% going instantly back to the holders wallets and the other 2% is auto-locked to increase scarcity and liquidity. Right now the number of $SAFEMARS holders is growing steadily with 93,699 holders at the time of writing. 

 

Save Earth Through Safe Earth

Harnessing blockchain technology through it’s unique protocol in the interest of both charitable giving and community incentives is helping SafeEarth to stand out from its competition. This $100,000 donation is just the beginning of the company’s mission to effect a lasting and positive change to the planet. 

 

SafeEarth blockchain eco project is already gearing up for another large donation with another 35 ETH (roughly $87,600) reserved for 5 charities that focus on humanitarian causes, such as access to clean water and wildlife preservation. The charities will be chosen by the SafeEarth community and will be announced on Earth Day, April 22nd, 2021. 

 

Media Contact Details 

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com  

 

Learn more about SafeEarth https://safeearthcrypto.com/ 

Buy SafeEarth Coin on Uniswap https://app.uniswap.org/#/swap

Take off with SafeMarshttps://www.safemarscrypto.com/index.html

 

About Bitcoin PR Buzz 

Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 9 years. Get your Bitcoin Press Release Distribution today.

 

SafeEarth is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Source

The post SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco Project appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinprbuzz.com/safeearth-donates-100000-to-theoceancleanup-kicking-off-blockchain-eco-project/

Continue Reading

Blockchain

Did Elon Musk’s ‘jet fuel’ set GameStop (and Bitcoin) ablaze?

Republished by Plato

Published

on

Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more.

The CEO and “Technoking” of Tesla was accused of pouring “jet fuel” on the GameStop short-squeeze at a critical moment by hedge fund manager David Einhorn, founder of Greenlight Capital, in a letter to investors published Thursday.

Einhorn said Elon Musk and venture capitalist Chamath Palihapitiya were the real instigators behind the short-squeeze, claiming both had supplied “the real jet fuel” for the pump with their tweets and TV appearances.

“We note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation,” wrote Einhorn, according to Markets Insider.

Amid the orchestrated short-squeeze on GameStop by redditors on r/WallStreetBets, Elon Musk tweeted what some interpreted as his support for the endeavor. On Jan. 26, shortly after GME stock was pumped 91% in a single day, Musk tweeted the phrase “Gamestonk!!” accompanied by a link to the WallStreetBets sub-reddit.

Over the course of the next 24 hours, GME stock soared 134%, climbing from a unit price of $147 to $347. The following 24 hours brought even more fireworks, and by Jan. 28, the value of GameStop shares had hit an all time high of $483 — an 18,693% increase on the stock’s value just nine months earlier.

Chamath Palihapitiya appeared to voice his support for the short-squeeze on Jan. 27, when he told interviewers on CNBC that the GameStop saga was an example of the man on the street pushing back against the man on Wall Street.

Einhorn said that “quasi-anarchy” now reigns, based on what he sees as toothless regulation of the stock market. Einhorn compared the situation, where “the laws don’t apply to [Elon Musk]” to the defunding of the police force.

“Many who would never support defunding the police have supported — and for all intents and purposes have succeeded — in almost completely defanging, if not defunding, the regulators,” said Einhorn.

Previously Elon Musk was suggested to have unduly influenced the cryptocurrency market with his vocal support of Bitcoin (BTC) and Dogecoin (DOGE) via Twitter. Legal professionals suggested in February that Musk’s tweets may have acted as a catalyst for the coins’ gains at the time, and warned that such tweets could attract SEC attention.

Musk laughed off the suggestion at the time, claiming that he would welcome any SEC investigation into his tweets, and that he simply liked “dogs and memes.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/did-elon-musk-s-jet-fuel-set-gamestop-and-bitcoin-ablaze

Continue Reading

Blockchain

Turkey to ban cryptocurrency payments

Republished by Plato

Published

on

A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges.

According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30, rendering any crypto payments solutions and partnerships illegal.

The bank stated, “any direct or indirect usage of crypto assets in payment services and electronic money issuance” will be forbidden.

While banks are excluded from the regulation, which means users can still deposit Turkish lira on crypto exchanges using wire transfers from their bank accounts, payment providers will be unable to provide deposit or withdrawal services for crypto exchanges.

Payment providers and digital wallets are widely used in Turkey to transfer fiat funds to crypto exchanges and vice versa. Major global exchange Binance partnered with local payment provider Papara when they first entered the Turkish market to provide a lira onramp for several different cryptocurrencies. 

This new regulation means that users have two weeks to clear their balances if they exclusively use payment providers as fiat-to-crypto gateways. 

Historically, the Turkish government has always had a tight grip on the payment ecosystem. In 2016, Turkey banned major global payment provider PayPal in the country.

Crypto regulation is a hot topic for Turkey in recent months. Last month, the Turkish Ministry of Treasury and Finance announced that they are monitoring the crypto ecosystem and working with the Central Bank, Banking Regulation and Supervision Agency, and Capital Markets Board to regulate crypto.

Additional reporting by Cointelegraph Turkey’s Emre Günen.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/turkey-to-ban-cryptocurrency-payments

Continue Reading
Blockchain3 days ago

By The Numbers: The Rate Bitcoin Must Climb To Reach $100K By July

Blockchain3 days ago

NYSE celebrates historic ‘first trades’ with NFT series

Blockchain3 days ago

Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet

Blockchain3 days ago

Whole Earth Coin (WEC) Set for IEO to Inject New Life Into Aging Infrastructure

Blockchain3 days ago

USDT, USDC, and BUSD represent 93% of stablecoin market cap

Blockchain4 days ago

Binance launches zero-commission tradable stock tokens

Blockchain4 days ago

Tron, Tezos, Synthetix Price Analysis: 12 April

Blockchain3 days ago

NYSE Joins NFT Mania With Special First Trade Collection

Blockchain1 day ago

Crypto has arrived.

Blockchain5 days ago

Bitcoin Price Analysis: 11 April

Blockchain4 days ago

German digital stock exchange will list physical Litecoin ETP

Blockchain4 days ago

WAX introduces first Topps baseball cards on the blockchain

Blockchain4 days ago

Moonstake integrates with Sylo to bring their staking protocol to the Sylo Smart Wallet

Blockchain3 days ago

Bitcoin Prepares For its Next Move: Where is the 100 SMA, the Key BTC Level?

Blockchain3 days ago

dHEDGE launches tokenized index tracking its top 10-ranked traders

Blockchain4 days ago

Binance offers Tesla stock token, could Coinbase (COIN) follow?

Blockchain4 days ago

Boson Protocol concludes $25.8M public sale, token listed on exchanges

Blockchain4 days ago

How COPA’s lawsuit against Craig Wright could benefit Bitcoin

Blockchain3 days ago

Kraken Daily Market Report for April 12 2021

Blockchain5 days ago

Litecoin Price Analysis: 11 April

Trending