- As we all know, the nature of cryptocurrency—the ability to buy and sell it anonymously is part of what makes it so appealing to scammers. Cyber-criminals can liquidate accounts and disappear without a trace by using stolen credit cards or account credentials to trade anything from Bitcoin to non-fungible tokens (NFTs). Businesses, on the other hand, have effectively fought back against the tide of crypto-hungry fraudsters by deploying fraud protection solutions on both the back-end (fraud-prevention technology) and the front-end (with "Know Your Customer" technology) levels. Fraudsters appear to have discovered ways to get through these Know Your Customer (KYC) systems. KYC is a term that refers to the procedure that organizations employ to verify that a customer is who they claim to be. This involves confirming a customer's ID, as well as other pieces of data that aid in determining consumer validity by ensuring that the various pieces of data match up to the "real" user. Phemex for example has adopted KYC procedure to better comply with local regulations and to ensure secure platform operations for all users. Customers who do not complete KYC will face certain service restrictions on the platform, such as not being eligible for a premium membership, various bonuses, and more. How can we survive the circumstances in the crypto sector in terms like this? During my research, I found that blockchain-related projects are a superior alternative. And my favorite reason for using Plugnet is because they are KYC compliant. I'll go into further detail about this. There are lots of features about Plug^net which pique my curiosity. Some of which include decentralisation and serves as the foundation for #Web3, #NFTs, and #DeFi technologies. Security and Safety among others that are completely appealing.
- [22:25]Plug_net is a decentralised network. By allowing assets to be synthesized and put into a block-chain ecosystem where smart contract protocols may be deployed in a decentralised context, the synergy is achieved. They also make it simple to invest in #DeFi products (such as borrowing and lending platforms and derivatives markets) and allow holders to diversify their investments across multiple indexes without incurring any impermanent losses. Currently, you may participate in plug^net's #ottoblockchain pre-mining by staking $PLUG and receiving PLUG and OTTO coins at the end of the 25-week event, which began in December last year. One of the aspects I enjoy is how it uses NFT attestation for KYC verification. Is also runs on PoS and is about 2000tps 80x faster than ERC Recall Plug_net NFT attestation is a KYC verification process where users are able to be verified anonymously. So your privacy is maintained, but in the case of a scam, your transactions could be traced. And Its capacity to conduct transactions that are entirely synthetic, ensuring that the assets are safe and secure The blockchain, as a project that aids in the recognition of web3, is one of the most original ideas today. It will be the most conducive environment for developers and supporters to advance their projects. I am committed to the project. It will drive us to the glorious future with ongoing innovation and a continuous commitment to improvement.
Monday, March 7, 2022
Effects of KYC and Blockchain Technology
What if the next halving cycle was a dud for the price of BTC?
Just playing devil's advocate and wondering if current geopolitical events and the effects on the economy could play a role in the next halving cycle.
What if we had a world wide recession or other black swan event that would spill over into the price of Bitcoin? Could it impede the levels of adoption and maybe scare some paper hands into selling if the price didn't rise like past cycles?
Could it maybe even "skip" a rally and create a super pump in 2028-29? Or do you think a decrease in price, even after a halving, would scare away buyers?
What is a Meme Coin in Crypto ?
What is a Meme Coin in Crypto ?
What Is a Meme Coin and How Do They Work?
You know Bitcoin, but what approximately Dogecoin and Shiba Inu? Meme coins have ended up progressively prevalent and unstable within the cryptocurrency space. In case you're considering investing, here's what you would like to know.
Most individuals are commonplace with Bitcoin, but it isn't the as it were cryptocurrency around. Meme-based monetary standards like Dogecoin have picked up a enormous taking after over the a long time, inciting a few copycats, counting Dogecoin-derivatives Shiba Inu, Dogelon Damages, Samoyedcoin, and Doge Sprint, among others. Though they are regularly made as jokes, these coins can go standard. Dogecoin, for illustration, had a colossal spike in esteem in May 2021 some time recently leveling off, and is right now positioned eleventh in advertise capitalization, concurring to CoinMarketCap. Still, their person esteem is never exceptionally high Dogecoin is right now worth almost $0.15 per coin.
In a nutshell, meme coins are cryptocurrencies motivated by memes and web jokes. Dogecoin, for case, was propelled by the Doge meme made from a viral photo of a Shiba Inu. These cryptocurrencies regularly aren’t implied to be taken truly but can still pick up force when individuals of the community purchase into the most up to date one in arrange to be in on the joke.
Once it gets prevalent and spikes in esteem, retail financial specialists in some cases hop on board and assist boost the coin. Unmistakable online figures and celebrities too drive up the ubiquity of certain meme coins. Elon Musk is likely the individual most celebrated for it, and there’s indeed a fork of Dogecoin called Floki Inu based on Musk’s genuine pet pooch.
A few meme coins are fair made as a reprimand. In December 2021, Mongoose Coin was made after a part of Congress made the title up amid a hearing on advanced currency. Meme coins have been around for many a long time presently, but a few follow the beginnings of the current boom back to the meme stock war of late 2020, when the Reddit community Wall Street Bets immensely expanded the esteem of GameStop’s stock. Taking after that, another bunch of Redditors clowned almost pumping up the esteem of Dogecoin in a comparable way, and the slant caught on. Another Reddit community called Satoshi Street Bets begun a comparative stock war against standard cryptocurrencies like Bitcoin and Ethereum in 2021. Web celebrities like Musk moreover jumped on board the meme coin prepare, and the resulting ubiquity drove more individuals to make comparative cryptocurrencies.
Meme coins regularly have an awfully tall or boundless supply. Not at all like Bitcoin, which was modified to have a limited number of units accessible to mine, meme coins will frequently have billions of units in circulation. Meme coins moreover don’t ordinarily have a instrument that “burns” coins, or evacuates them from circulation forever, so the numbers fair keep rising.
Since of that, their worth per unit is as a rule exceptionally moo. One dollar might get you approximately six Dogecoin at the time of this composing, and other meme coins like SafeMoon are worth indeed less currently $0.0000014 USD. That moo cost is one supporter to how well known meme coins can be, since anybody can purchase a huge sum of them rapidly. It’s moreover conceivable for almost anybody to create meme coins presently, much appreciated to computer program that does most of the overwhelming lifting for you. The negligible exertion loans itself to the meme-like quality of these coins, as they can be turned out rapidly to suit anything subject is trending.
Since they are to a great extent subordinate on community opinion and self-assertive exterior impacts like celebrity tweets, meme coin estimating is unimaginably unstable. Whereas this implies the esteem of a certain meme coin might radically increment, because it did with Dogecoin, it seem moreover crash exceptionally rapidly in the event that and when the community loses intrigued and moves on. #memecoin #memecoins #MemeNFT #cryptocurrencies #CryptoNews #SHIBARMY #ShibainuCoin #ShibaSwap #ShibaArmy #SHIBARMYSTRONG #dogecoin #dogelonmars #dogelon
Canadian crypto-asset trading platform "CoinSmart" partners with the Canadian Hockey League (CHL)
CoinSmart recently announced a long-term national sponsorship agreement with the Canadian Hockey League (CHL) to become the CHL's Official Crypto Trading Partner across its three member leagues, the OHL, WHL, and the QMJHL.
Year 1 of the multi-year deal will see CoinSmart branding displayed in and around rinks across multiple teams this season including in-ice logos across all CHL major events. The following seasons will see CoinSmart branding extended across 24 teams across all three leagues.
Throughout the relationship, CoinSmart and the CHL will engage the league's communities with initiatives including a special award at the 2022 Memorial Cup presented by Kia to be held June 4-13 in Saint John, N.B., along with offering CHL fans access to exclusive contests with featured prizes to include cryptocurrency.
The partnership kicks off with an exciting CryptoSpin game available on the CHL app where participants stand a chance to win 1 Bitcoin, and $30 in BTC upon registration upon a $100 deposit upon registration.
OWNR Wallet is among the top 10 best projects of the 9th Global Blockchain Congress!
On February 21-22, OWNR Wallet visited Dubai to attend the 9th Global Blockchain Congress organized by Agora Group.
“One of the valuable opportunities for OWNR was networking with like-minded people and sharing experiences. The crypto industry is still new for many, and, as a rule, there are no manuals; all crypto development starts from scratch. We would be glad if our rich experience in developing crypto tools would help someone.
It was a great event with a high level of organization! Within two days, we received valuable contacts, found new partnerships, and had a great time! Thanks to Hadi and Rim and the whole Agora Group team! We appreciate your contribution to the development of the crypto industry and look forward to new invitations!” – comments Grygoriy Sytenko, OWNR Wallet CEO.
Read more: https://ownrwallet.com/.../ownr-is-among-the-top-10-best.../
#AgoraGroup #ownrapp #bitcoinwallet #cryptowallet #ownrwallet #BlockchainCongress #blockchaintechnology #blockchain #bitcoin
List of Today's and Tomorrow's Upcoming Events
I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.
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ADD AN EVENT
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NEXT DAY UPCOMING EVENTS
General
Air Drops
| ChainX(PCX) | Airdrop | March 7, 2022 |
Partnerships
| Baby Doge Coin(BABYDOGE) | Partnership Announcement | March 7, 2022 |
Exchanges
| Hungarian Vizsla Inu(HVI) | LBank Listing | March 7, 2022 |
| Onston(ONSTON) | BitYard Listing | March 7, 2022 |
| RSS3(RSS3) | BitYard Listing | March 7, 2022 |
| Kunci Coin(KUNCI) | MEXC Global Listing | March 7, 2022 |
| Santos FC Fan Token(SANTOS) | BitYard Listing | March 7, 2022 |
| Doubloon(DBL) | MEXC Global Listing | March 7, 2022 |
| Witch Token(WITCH) | BTCEX Listing | March 7, 2022 |
| GensoKishi Metaverse(MV) | MEXC Global Listing | March 7, 2022 |
| Bit Store(STORE) | BitMart Listing | March 8, 2022 |
| Elvantis(ELV) | LBank Listing | March 8, 2022 |
Meetups
| IoTeX(IOTX) | Industry IoT Consortium | March 8, 2022 |
prepperzz
As pressure builds to sanction Russia, the Biden administration is inching closer towards a ban on the import of Russian oil and energy products. Brent (CO1:COM) touched nearly $140 a barrel on the news overnight, threatening to intensify inflationary pressures, while WTI crude (CL1:COM) soared 12% to $130/bbl for the first time since 2008. House Speaker Nancy Pelosi has already said she would support a crude import ban, as well as move to deny Moscow access to the World Trade Organization, marking an increased effort in Washington to "further isolate Russia from the global economy."
Quote: "We are now in very active discussions with our European partners about banning the import of Russian oil to our countries while, of course, at the same time maintaining a steady global supply of oil," U.S. Secretary of State Antony Blinken told NBC's Meet the Press.
While Russian crude only accounts for 3% of American imports, it's responsible for over half of Russia's export earnings. The U.S. may even go at it alone - without the participation of allies in Europe (at least initially) - and is looking to make sure there is enough supply to offset any collateral damage. American officials held face-to-face meetings in previously-sanctioned Venezuela this weekend, with analysts speculating the OPEC member could be a source of incremental supply as gasoline prices in the U.S. topped $4 a gallon nationwide (Biden advisers are also weighing a trip to Saudi Arabia).
$200 oil? "One of the greatest uncertainties is if and how the escalation of economic warfare between Russia and the West will impact the flow of oil and gas," said Victor Shum, vice president of energy consulting at IHS Markit. "NATO members currently buy more than half of the 7.5M barrels a day of crude oil and refined products that Russia exports, and inventories are already low in the U.S. and at record-low levels in OECD Europe and Asia. The multiple dimensions to this war will lead to unexpected disturbances and outcomes." (71 comments)
Suspending service
More Western corporations are cutting ties with Russia as the conflict in Ukraine continues to escalate. According to the United Nations, more than 1.5M people have fled the country since the hostilities began on Feb. 24. There were also reports of ongoing attacks in Mariupol and Volnovakha over the weekend despite ceasefire agreements aimed at allowing civilians to leave the two cities.
The latest: Payment titans Visa (V) and Mastercard (MA) have suspended operations in Russia, saying they were "compelled to act following the unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed." Cards issued by Russian banks will no longer be supported by their respective payment networks and cards issued outside of Russia will no longer work in the country. American Express (AXP) and PayPal (PYPL) also announced they would suspend operations, hours after Ukrainian President Volodymyr Zelenskyy called on companies to shelve business in Russia during a video call with U.S. lawmakers.
It doesn't stop there. Netflix (NASDAQ:NFLX) has halted its service in the country, while TikTok (BDNCE) suspended new content. Two of the Big Four accounting firms, KPMG and PricewaterhouseCoopers, also severed ties with their Russian businesses. Meanwhile, Vladimir Putin has decreed that foreign bondholders must be paid in rubles as a way to service debt while capital controls remain in place.
Sanctions response: "I would advise them not to escalate the situation," Vladimir Putin said at an Aeroflot training center near Moscow. "These sanctions that are being imposed are akin to a declaration of war, but thank God it has not come to that. I think our so-called 'partners' still have an understanding of what those ramifications and threats to everybody can be." Putin also added that any third-party declaration of a no-fly zone would be considered "participation in the armed conflict." (4 comments)
National People's Congress
At an annual parliamentary meeting on Saturday, China set a GDP growth target of "about 5.5%" for 2022, marking the first time in three decades that the figure fell below 6%. Premier Li Keqiang also stressed that "achieving this goal will require arduous efforts" and "evolving dynamics at home and abroad indicates that this year our country will encounter many more risks and challenges." Nearly 3,000 lawmakers descended on Beijing for the National People's Congress, where the nation's rubber-stamp parliament laid out targets for spending, employment and other growth goals.
Among the reasons for the GDP downgrade? China's zero-COVID strategy, a debt-fueled real estate crisis and "common prosperity" crackdowns (like on tech, education and entertainment sectors).
The world's second-largest economy bounced back from the pandemic last year, recording GDP growth of 8.1%, and while that was supported by strong industrial activity and exports, it was partly due to the low base of comparison with 2020. Momentum has also been struggling of late, given distress in the property sector and sluggish consumer spending. Many are now cautioning that the country will need more structural reforms or aggressive stimulus measures in the future, while lowering the GDP target could provide some needed breathing room.
Commentary: "It is not about whether the PBOC is easing. The question is how to translate this easing... down to the level of the banking system and to benefit the market and corporates," explained Raymond Yeung, chief economist for Greater China at ANZ. "This is a balancing act. China knows that they cannot rely on infrastructure investment or property investment forever. It's the shifting of the growth model that matters more than anything." (19 comments)
Shipping disruption
The war in Ukraine is also threatening to upend the global shipping industry, which is still trying to recover from the coronavirus pandemic. Two of the largest shipping container groups, Maersk (OTCPK:AMKBY) and Mediterranean Shipping, have already suspended cargo booking to and from Russia, with sanctions are starting to have an impact on trade. Ocean rates could even double or triple from the current $10,000 per 40-foot container, according to Glenn Koepke of supply chain consultancy firm FourKites.
Ripple effect: Cargo checks are now one of the biggest disruptions to shippers, making sure they are not breaking sanctions at ports in the EU and the U.K. Companies are also halting operations due to uncertain waters. For example, a ship laden with crude or LNG could be subject to sanctions just days after embarking on its journey, leaving the cargo stranded and the company forced to swallow the costs.
Things are getting worse with the closure of airspace, which is a key alternative to the seas. The European Union, Canada and the U.S. have closed their skies to Russian carriers, prompting Moscow to retaliate in kind. The country plays a part in the air cargo corridor from the East to the West, with some Japanese carriers already stopped booking for air cargo to Europe altogether. Sanctions are further impacting the Trans-Siberian Railway, which transports goods from China to Europe via Russia.
Staffing problems: Russian and Ukrainian seafarers make up one in seven of the world's shipping workforce, per the International Chamber of Shipping. These essential workers are not easily replaceable, while airspace bans have compounded issues by making it harder to ferry personnel to and from ports. Ship movements in the Black Sea, a key commodity export route, have also been frozen since Russia's invasion of Ukraine, and staffing those ports will be a key security concern even if they open in the near future. (5 comments)
Today's Markets
In Asia, Japan -2.9%. Hong Kong -3.9%. China -2.2%. India -2.7%. In Europe, at midday, London -1.9%. Paris -3.3%. Frankfurt -3.4%. Futures at 6:20, Dow -1.8%. S&P -1.9%. Nasdaq -1.9%. Crude +6.9% to $123.65. Gold +1.8% to $2002.80. Bitcoin -0.3% to $38,168. Ten-year Treasury Yield unchanged at 1.72%
Today's Economic Calendar
12:30 PM Investor Movement Index 3:00 PM Consumer Credit
Companies reporting earnings today »
What else is happening...
The Batman (T) takes shot at Spider-Man's box-office records.
As COVID continues to wane, will additional booster shots be needed?
Shell (SHEL) buys first post-sanction Russian oil cargo.
Russian ETFs: Crashing prices, halted trading, de-listings. What's next?
Berkshire (BRK.B) discloses $5B stake in OXY as Icahn pulls out.
Oasis (OAS), Whiting Petroleum (WLL) near all-stock merger - WSJ.
Inflation worsens... World food prices reached record high in February.
Strategic review... Chewy co-founder takes stake in Bed Bath (BBBY).
DoorDash (DASH) held takeover talks with Deliveroo - Sunday Times.
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