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El Salvador Doubles Down On Bitcoin Holdings, Purchases An Additional 150 BTC

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El Salvador: Millions Of People Move to

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President Bukele announced on Monday that they had bought an additional 150 Bitcoins, as the cryptocurrency market took a plunge. At the time of the announcement, the asset’s price had dipped to $45,000 meaning that the country spent roughly $6.7 million on the purchase.

According to a tweet sent out by the pro-bitcoin president, the country was now holding a total of 700 Bitcoins having made similar purchases on previous dips.

“They can never beat you if you buy the dips- Presidential advice”- he said after the latest purchase.

Just weeks ago, the country made its first purchase of 400 coins in two lots splashing roughly $21 million in the process before the law-making Bitcoin legal tender in El-Salvador came into force.

Later on, on September 7, Bukele announced that an additional 150 Bitcoins had been purchased after bitcoin became legal tender spending roughly $7million at the times price.

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Protests against Bitcoin and Chivo on the rise

Despite growing criticism and protests against Bitcoin in the country, President Bukele has remained a steadfast promoter of the asset which he believes is a major solution to the inflation and poverty which has ravaged the Central American republic.

Last week, thousands gathered in El-Salvador’s capital, San Salvador, protesting against what they termed as abuse of power by the 40-year-old populist. In addition to not understanding the workings around cryptocurrencies, protestors complained about the presidents’ decision to make Bitcoin legal tender complaining that it would only lead to an upsurge in crime. The Wednesday march saw a least one Chivo bitcoin ATM set on fire.

The Chivo wallet, which is the national bitcoin wallet for the country has sparked widespread rage by users who have complained that the government has usurped too much power on how it works, casting doubts on the whole idea of decentralization that Bitcoin seeks to achieve. Complains of constant failures forcing the government to shut it down at will have also emerged questioning the very safety of using it.

The legality of the Chivo wallet has also been put into question. Legal scholars have highlighted a section of the countries Bitcoin law that purports to force businesses who are technologically able to transact in the wallet. This is contrary to an earlier assurance by the president that citizens could use the wallet at will.

Bitcoin purchases to continue 

In total, the country is estimated to have spent approximately $36 million on Bitcoin purchases to date with Bukele earlier promising that the country was going to continue buying the rare asset.

At press time Bitcoin was trading in the $43,367 range having shed roughly 8.49% in the past twenty-four hours extending last week’s losses.

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Source: https://zycrypto.com/el-salvador-doubles-down-on-bitcoin-holdings-purchases-an-additional-150-btc/

Blockchain

Supra Partners #25 — SupraOracles partners with Web 3.0 powerhouse reBaked

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SupraOracles

SupraOracles is delighted to partner with reBaked on a variety of projects in the NFT, metaverse, and DAO (decentralized autonomous organization) space. reBaked is a crowd building DAO platform that grows Web 3.0 ecosystems and finds innovative solutions to DeFi’s most pressing challenges.

SupraOracles will supply real-time data feeds for reBakeds Playshare, an exciting play-to-earn platform that encourages creativity and community gameplay. SupraOracles’ oracle services also track off-chain voting data and distribute it on the blockchain, allowing DAOs to execute decisions transparently — a solution that will be used for reBaked BUILD. Other reBaked-SupraOracles collaborations include cross-chain bridges for NFTs in the metaverse, fast-paced hackathons using reBaked’s CrowdHack, and other stealth-mode projects.

Nikolaos Kostopoulos, Co-Founder of reBaked, commented: “We are excited to work closely with the SupraOracles team, which is undoubtedly one of the strongest technical teams we have worked with. This is verifiable by the number of grants they have received from leading blockchains and tech organisations such as NEAR, Arweave, Digital Ocean, Polygon, Tezos, Dfinity, Zilliqa, and more. SupraOracles team will play an integral role in bringing to life promising projects such as reBaked BUILD, Pioneers, and PlayShare which are DAPPs and Governance Protocols with case studies that involve external data.”

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “reBaked’s impact in the Web 3.0 ecosystem is admirable, to say the least. We are proud to be working with them on such a diverse range of projects! SurpaOracles is looking forward to a long-term and symbiotic partnership with reBaked.”

About SupraOracles

SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.

Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.

Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.

Join SupraOracles’ community: Website | Twitter | Telegram | LinkedIn | Announcements | Medium

About reBaked

reBaked is building a set of governance, management, and operations tools for DAOs and Web 3.0 ecosystems to better distribute and manage their treasuries- by focusing on value creation.

Our projects across different niche markets help networks to align incentives with contributors- safeguarding the long-term success, and financial well-being of blockchain ecosystems. Tools are designed to offer collaboration tools, growth mechanisms, and governance infrastructure to help projects achieve shared goals

Our protocol allows Web 3.0 Projects to get enhanced deliverables faster, build stronger community bonds, decentralize faster, and achieve a better return of value to the stakeholders.

Our native token $BAKED is backed by ecosystem treasuries accumulated by incubated projects, which are actively managed by the RBKD DAO.

Join reBaked’s Community: Telegram Community | Twitter | Youtube | Medium | Announcements

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Source: https://medium.com/@SupraOracles/supra-partners-25-supraoracles-partners-with-web-3-0-powerhouse-rebaked-da94149bf670?source=rss——cryptocurrency-5

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Blockchain

China asks McDonald’s to Expand Digital Yuan Use Across Outlets, Here’s Why

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By

Prashant Jha

Published 5 seconds ago Updated 5 seconds ago

China is now looking for an aggressive digital yuan push right before the winter olympics. The national soverign digital currency whose development was completed in 2019 is currently being widely tested across various provinces in China before the official launch. The latest report from Financial Times noted that the Chinese government has asked fast-food giant McDonald’s to expand digital yuan use across its chain.

Digital yuan is currently being accepted as payment across 270 outlets across China, however, the report suggests the Chinese authorities want the fast-food outlet to increase digital yuan acceptance along with the likes of other retail giants such as VISA and Nike. One of the spokespeople for McDonald’s in China said,

 “Shanghai is our pilot city and we will learn from customers’ response.”

Is China Planning Official Digital Yuan Launch by Winter Olympics

China is currently at the forefront 0f CBDC development compared against nearly 180 other countries working towards their own soverign digital currency. The reason for its advancement in the field could be attributed to an early start. China ordered the development of the digital yuan back in 2014 and it was finally completed after five years. While speculations about a possible official launch have been rife since the last quarter of 2019, the latest push before the Winter Olympics indicates a possible launch before the games.

A majority of the other nations working towards their CBDC are years behind, but most recently France tested the use of CBDC in government bond settlements and carried out nearly 500 operations during the trial. South Korea and Russia have stated that the pilot programs for their CBDC would begin by early 2022, while the United States is still in the pre-development phase.

Many believe the most recent crackdown and crypto ban imposed by the Chinese Central Bank was done keeping the launch of the digital yuan in mind. Given the governance in China, the government doesn’t recognize any private digital assets as a form of currency or exchange.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/china-asks-mcdonalds-to-expand-digital-yuan-use-across-outlets-heres-why/

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ACN Newswire

Zeronauts Assessment Platform Goes Live in Q4 2021

Wil, Switzerland, Oct 20, 2021 – (ACN Newswire) – Recently, Zeronauts has launched the beta tester program for their crypto assessment platform. The official platform will go live at the end of Q4/2021.

Zeronauts is the first crypto review platform from the crypto community for the community with a focus on sustainability. The Swiss crypto project Zeronauts emerges as a leader and pioneer in creating a more sustainable crypto market. Based on the crypto token ZNS, it pursues the vision of bringing ecological and social responsibility to crypto.

The challenge of an unsustainable crypto market

The team behind Zeronauts has recognized the issue that the concept of sustainability has been strongly neglected in crypto. The crypto market is known for fraud, pump and dump schemes and the high energy consumption of Bitcoin. 98% of cryptos that were created during the crypto bubble between 2016 and 2018 do not exist anymore. Most projects were scams or colossal failures. Unfortunately, the negative image of crypto also hits long-term valuable crypto projects that have found a way to use the Blockchain technology in a meaningful way.

In this market circle, it is about time that investors can easily differentiate between long-term promising or in other words sustainable crypto tokens and unsustainable ones.

How Zeronauts transforms the crypto industry

This is where Zeronauts enters the game. Zeronauts builds a community-based rating platform for cryptos. Different to other rating platforms, Zeronauts uses scientific methodologies that consider economic, social and ecological factors to rate cryptos. There is a clear focus on assessing the long-term success of crypto tokens. To scale the Zeronauts rating platform quickly, it uses a unique approach to involve the whole crypto community to write assessments. ZNS transaction fees are used to reward community members for their service of writing crypto ratings. As Zeronauts grows, this can become extremely lucrative for token auditors. All assessments are reviewed by the Zeronauts team before they are uploaded to the assessment platform to guarantee a high-quality standard. With this approach, Zeronauts aims to become the largest crypto rating platform in a short time period.

Zeronauts searches beta testers for their assessment platform. Interested crypto community members can register for the “Become a Zeronaut” program: Become a Zeronaut – Zeronauts. The assessment platform goes live in Q4/2021.

The Zeronauts labels – a unique and meaningful NFT use case

Based on the rating platform, Zeronauts introduces sustainability NFT labels to the crypto market. This allow investors to identify very easily sustainable crypto tokens. They do not waste time and money on one of the many existing scams.

Crypto projects can request an audit of their token for a fee. When their token meets the Zeronauts sustainability standards, they earn a Zeronauts NFT label.

Zeronauts implements a label tier system with bronze, silver, gold and a diamond labels. As the labels are NFTs, they are stored on a blockchain, where everyone can verify the label authenticity.

Part of the audit fee is directly reinvested into the ZNS token. That means, the more assessments are written, the higher the ZNS price will be. This makes the ZNS token also extremely interesting for investors.

Zeronauts NFT label tier system with bronze, silver, gold and diamond labels

Zeronauts mission to become the central authority for a sustainable crypto movement

Sustainability is a clear trend in the crypto market and will become much more important in the future. Especially with stronger regulations, there is a high need for differentiating between sustainable and non-sustainable crypto tokens.

Building a fast growing and highly active assessment platform is the first important milestone for the Zeronauts project. The project team has a clear vision that even the largest crypto tokens will strive for a Zeronauts label to proudly show their efforts in building a sustainable token.

Yet, the Zeronauts project will not stop there. Long-term goals include building the Zeronauts DEX, a decentralized and sustainable exchange platform as well as a learning platform with focus on sustainability.

About Zeronauts

The work done by Zeronauts is one of a kind. The team behind Zeronauts are Swiss blockchain enthusiasts who share the passion for the crypto universe. Driven for something bigger than themselves, with great commitment, revolutionary thinking and team spirit, they are up to revolutionize the crypto space and make it much more sustainable. The company incorporation will take place at the beginning of next year.

Social Links
Twitter: https://twitter.com/Zeronauts_io
Instagram: https://instagram.com/zeronauts
Twitter: https://twitter.com/Zeronauts_io
Telegram: https://t.me/Zeronauts

Media Contacts
Company: Zeronauts
Contact: Simon Nef, Director of Partnership
Email: info@zeronauts.io
Website: https://zeronauts.io



Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

Published

on

Wil, Switzerland, Oct 20, 2021 – (ACN Newswire) – Recently, Zeronauts has launched the beta tester program for their crypto assessment platform. The official platform will go live at the end of Q4/2021.

Zeronauts is the first crypto review platform from the crypto community for the community with a focus on sustainability. The Swiss crypto project Zeronauts emerges as a leader and pioneer in creating a more sustainable crypto market. Based on the crypto token ZNS, it pursues the vision of bringing ecological and social responsibility to crypto.

The challenge of an unsustainable crypto market

The team behind Zeronauts has recognized the issue that the concept of sustainability has been strongly neglected in crypto. The crypto market is known for fraud, pump and dump schemes and the high energy consumption of Bitcoin. 98% of cryptos that were created during the crypto bubble between 2016 and 2018 do not exist anymore. Most projects were scams or colossal failures. Unfortunately, the negative image of crypto also hits long-term valuable crypto projects that have found a way to use the Blockchain technology in a meaningful way.

In this market circle, it is about time that investors can easily differentiate between long-term promising or in other words sustainable crypto tokens and unsustainable ones.

How Zeronauts transforms the crypto industry

This is where Zeronauts enters the game. Zeronauts builds a community-based rating platform for cryptos. Different to other rating platforms, Zeronauts uses scientific methodologies that consider economic, social and ecological factors to rate cryptos. There is a clear focus on assessing the long-term success of crypto tokens. To scale the Zeronauts rating platform quickly, it uses a unique approach to involve the whole crypto community to write assessments. ZNS transaction fees are used to reward community members for their service of writing crypto ratings. As Zeronauts grows, this can become extremely lucrative for token auditors. All assessments are reviewed by the Zeronauts team before they are uploaded to the assessment platform to guarantee a high-quality standard. With this approach, Zeronauts aims to become the largest crypto rating platform in a short time period.

Zeronauts searches beta testers for their assessment platform. Interested crypto community members can register for the “Become a Zeronaut” program: Become a Zeronaut – Zeronauts. The assessment platform goes live in Q4/2021.

The Zeronauts labels – a unique and meaningful NFT use case

Based on the rating platform, Zeronauts introduces sustainability NFT labels to the crypto market. This allow investors to identify very easily sustainable crypto tokens. They do not waste time and money on one of the many existing scams.

Crypto projects can request an audit of their token for a fee. When their token meets the Zeronauts sustainability standards, they earn a Zeronauts NFT label.

Zeronauts implements a label tier system with bronze, silver, gold and a diamond labels. As the labels are NFTs, they are stored on a blockchain, where everyone can verify the label authenticity.

Part of the audit fee is directly reinvested into the ZNS token. That means, the more assessments are written, the higher the ZNS price will be. This makes the ZNS token also extremely interesting for investors.

Zeronauts NFT label tier system with bronze, silver, gold and diamond labels

Zeronauts mission to become the central authority for a sustainable crypto movement

Sustainability is a clear trend in the crypto market and will become much more important in the future. Especially with stronger regulations, there is a high need for differentiating between sustainable and non-sustainable crypto tokens.

Building a fast growing and highly active assessment platform is the first important milestone for the Zeronauts project. The project team has a clear vision that even the largest crypto tokens will strive for a Zeronauts label to proudly show their efforts in building a sustainable token.

Yet, the Zeronauts project will not stop there. Long-term goals include building the Zeronauts DEX, a decentralized and sustainable exchange platform as well as a learning platform with focus on sustainability.

About Zeronauts

The work done by Zeronauts is one of a kind. The team behind Zeronauts are Swiss blockchain enthusiasts who share the passion for the crypto universe. Driven for something bigger than themselves, with great commitment, revolutionary thinking and team spirit, they are up to revolutionize the crypto space and make it much more sustainable. The company incorporation will take place at the beginning of next year.

Social Links
Twitter: https://twitter.com/Zeronauts_io
Instagram: https://instagram.com/zeronauts
Twitter: https://twitter.com/Zeronauts_io
Telegram: https://t.me/Zeronauts

Media Contacts
Company: Zeronauts
Contact: Simon Nef, Director of Partnership
Email: info@zeronauts.io
Website: https://zeronauts.io


Topic: Press release summary
Source: Zeronauts


https://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Source: https://www.acnnewswire.com/press-release/english/70368/

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