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Showing posts from September, 2022

US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans

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https://krakow3d.com/wp-content/uploads/2022/10/us-lawmakers-introduce-bill-allowing-crypto-investments-in-401k-retirement-plans.jpg Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon, many Americans are rightfully concerned about their financial future,” said U.S. Senator Pat Toomey. Retirement Savings Modernization Act Introduced The U.S. Senate Committee on Banking, Housing, and Urban Affairs announced Thursday that Senators Pat Toomey (R-PA) and Tim Scott (R-SC) and Representative Peter Meijer (R-MI) have introduced a bill called the Retirement Savings Modernization Act. The bill aims “to bolster Americans’ retirement savings by allowing workers to diversify assets included in defined contribution plans, such as 401(k) plans,” the announcement details. “Thi

A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF

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https://krakow3d.com/wp-content/uploads/2022/09/a-recent-sec-filing-shows-the-worlds-largest-asset-manager-blackrock-plans-to-launch-a-metaverse-etf.jpg According to a recent filing, Blackrock, the multi-national investment company based in New York City and the world’s largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund — dubbed the Ishares Future Metaverse Tech and Communications ETF — will track metaverse firms with exposure to virtual reality, non-fungible tokens (NFTs), augmented reality, and game-centric finance (gamefi) applications. ETF Filing Shows Blackrock Plans to Launch a Metaverse Exchange-Traded Fund The world’s largest asset manager by assets under management (AUM), Blackrock, has been investing more energy into the digital asset and blockchain space in recent times. On Friday, Bloomberg’s Katherine Greifeld and Vildana Hajric first reported on the U.S. Securities and Exchange Commission (SEC) filing for Bl

Recovery for this is going to be a living hell, says Lt. Gen. Russel Honoré

http://img.youtube.com/vi/k5fUps0J_cQ/0.jpg https://www.youtube.com/watch?v=k5fUps0J_cQ Retired Lt. General Russel Honoré joins Shep Smith to discuss the impact of Hurricane Ian and what will be necessary to help the people in Florida who were impacted. Origina post from https://krakow3d.com/videos/recovery-for-this-is-going-to-be-a-living-hell-says-lt-gen-russel-honore.html

Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has ‘Some of the Most Well-Developed Cryptocurrency Markets of Any Region’: Report

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https://krakow3d.com/wp-content/uploads/2022/09/despite-accounting-for-2-of-global-activity-sub-saharan-africa-has-some-of-the-most-well-developed-cryptocurrency-markets-of-any-region-report.jpg According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryptocurrency markets of any region.” Additionally, Sub-Saharan Africa’s “retail market and outsized usage of P2P platforms make it unique compared to other regions.” Sub-Saharan Africa’s ‘Outsized Usage of P2P Platforms’ According to a new report by blockchain intelligence firm Chainalysis, Sub-Saharan Africa’s total crypto transaction volumes of $100.6 billion seen between July 2021 and June 2022 are the least of any region that has been surveyed. While the on-chain volumes during this period are 16% higher than the preceding period, the report nevertheless states that Sub-Saharan Africa only accou

Citadel CEO Ken Griffin Says Inflation May Have Peaked — Warns a Recession Is Coming

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https://krakow3d.com/wp-content/uploads/2022/09/citadel-ceo-ken-griffin-says-inflation-may-have-peaked-warns-a-recession-is-coming.jpg Citadel CEO Ken Griffin says inflation may have peaked but a recession is coming. “We’re in a very uncertain time for investors,” the executive cautioned, adding that the Federal Reserve “is grappling with a level of inflation we haven’t seen in a long time.” Citadel’s Ken Griffin on U.S. Economy, Inflation, Recession, and Cryptocurrency Kenneth Griffin, founder and CEO of global investment firm Citadel, shared his views on a variety of topics, including the U.S. economy and cryptocurrency, at the CNBC Delivering Alpha conference Wednesday. “It’s a very uncertain time,” he began. “We are grappling with the threat of nuclear war in Ukraine. We’re grappling with unprecedented central bank interventions. We’re grappling with record-high inflation in the United States in our lifetimes. We’re in a very uncertain time for investors,” Griffin stressed. Noting

Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains

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https://krakow3d.com/wp-content/uploads/2022/09/biggest-movers-sol-moves-towards-35-00-xmr-extends-recent-gains.jpg Solana rose for a second straight day on Thursday, as the token moved closer to its long-term resistance point of $35.00. Monero was also in the green during today’s session, extending recent gains in the process. Overall, markets attempted to rebound, following a red wave which swept through markets to start the week. Solana (SOL) Solana (SOL) was mostly higher during Thursday’s session, as the token moved towards a key resistance level. Following a low of $32.79 on Wednesday, SOL/USD rose to an intraday high of $33.92 earlier in the day. The move saw solana move closer to its ceiling of $35.00, which has mostly held firm for the past fortnight. SOL/USD – Daily Chart As can be seen from the chart, today’s climb led to the 10-day (red) moving average nearing a crossover with its 25-day (blue) counterpart. Despite the prospect of this occurring, prices may remain lower up

We have a lot of rain still to go across the peninsula, says NBC meteorologist Brian James

http://img.youtube.com/vi/gTCePhtQxTM/0.jpg https://www.youtube.com/watch?v=gTCePhtQxTM NBC News Brian James joins Shep Smith to look at how he expects Hurricane Ian to play out over the next few days. It's now a category 3 storm. Origina post from https://krakow3d.com/videos/we-have-a-lot-of-rain-still-to-go-across-the-peninsula-says-nbc-meteorologist-brian-james.html

Chainlink and CF Benchmarks to Bolster Onchain Transparency via CF Bitcoin Interest Rate Curve Product

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https://krakow3d.com/wp-content/uploads/2022/09/chainlink-and-cf-benchmarks-to-bolster-onchain-transparency-via-cf-bitcoin-interest-rate-curve-product.jpg On Wednesday, the decentralized oracle network platform, Chainlink, announced the launch of a market-wide interest rate product for Web3 protocols and the decentralized finance (defi) economy, called the CF Bitcoin Interest Rate Curve (CF BIRC). Chainlink revealed the new product at Smartcon 2022 in New York City, and the newly launched CF BIRC product aims to provide “a reliable and transparent base rate” for Web3 market participants. Chainlink and CF Benchmarks Launch Manipulation-Resistant Base Rate CF BIRC Chainlink has made a number of announcements during the Smartcon 2022 event in New York City. For instance, on Wednesday the smart contract and oracle network project revealed a program called the Sustainable Chainlink Access for Layer 1 & 2 Enablement otherwise known as SCALE. “SCALE is a holistic and win-win economic m

Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low

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https://krakow3d.com/wp-content/uploads/2022/09/nigerian-central-bank-hikes-key-interest-rate-just-days-after-naira-plunges-to-new-low.jpg Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just days after the naira’s parallel exchange rate against the dollar plunged to a new low. Narrowing the Negative Real Interest Rate Gap According to the Central Bank of Nigeria (CBN), members of the bank’s monetary policy committee (MPC) have voted “unanimously to raise the policy rate to narrow the negative real interest rate gap and rein in inflation.” Following the vote, Nigeria’s key interest rate — the monetary policy rate (MPR) — now stands at 15.5%, up from 14%. In a statement, the CBN said the decision to increase MPR by 150 ba

Australia Issues White Paper for Central Bank Digital Currency

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https://krakow3d.com/wp-content/uploads/2022/09/australia-issues-white-paper-for-central-bank-digital-currency.jpg Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot CBDC Until Middle of 2023 The Reserve Bank of Australia (RBA) has set out to explore use cases for a digital version of the Australian dollar. It’s collaborating on the project with the Digital Finance Cooperative Research Centre (DFCRC), a research program funded by the government and the financial sector. This week, the two released a white paper for the central bank digital currency ( CBDC ). The document titled “Australian CBDC Pilot for Digital Finance Innovation” details the main objectives of the initiative and explains the design of the new currency. Members of the indu

DEA warns of threat over 'rainbow fentanyl'

http://img.youtube.com/vi/8m6FB5yLk-g/0.jpg https://www.youtube.com/watch?v=8m6FB5yLk-g NBC’s Kate Snow joins Shep Smith to report on a major government crackdown on fentanyl in the U.S. Today, Attorney General Merrick Garland warned about ‘rainbow pills' that look like candy. Origina post from https://krakow3d.com/videos/dea-warns-of-threat-over-rainbow-fentanyl.html

Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’

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https://krakow3d.com/wp-content/uploads/2022/09/fed-chair-powell-sees-real-need-for-more-appropriate-defi-regulation-citing-very-significant-structural-issues.jpg Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted by Banque of France. “The monetary policy normalization that we’re seeing all over the world,” Powell began. “All it did was simply reveal what we’ve long pointed out as significant structural issues in the defi ecosystem and conflict of interest.” He stressed: Within the defi ecosystem, there are these very significant structural issues around transparency — lack of transparency. “The good news, I suppose, is that … from the financial

Robinhood Debuts Web3 Crypto Wallet to 10K Customers — Beta Version Supports Polygon

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https://krakow3d.com/wp-content/uploads/2022/09/robinhood-debuts-web3-crypto-wallet-to-10k-customers-beta-version-supports-polygon.jpg The American financial services company headquartered in Menlo Park, California, Robinhood Markets, Inc., announced the launch of a new non-custodial Web3 crypto wallet on Tuesday and said the product supports the Polygon blockchain network. The application is currently for iOS users only and Robinhood is rolling out the beta version of the Web3 wallet to 10,000 clients on the company’s waitlist. Robinhood Launches Beta Web3 Crypto Wallet to 10,000 Select Customers During the last 12 months, Robinhood Markets has shown a strong interest in building cryptocurrency products and services. At the end of January 2022, Robinhood started to roll out the beta version of its crypto wallet that supports bitcoin ( BTC ), dogecoin (DOGE), and ethereum ( ETH ). In April, Robinhood expanded the crypto wallet participants to 2 million customers and in mid-May, the f

Binance Resumes Offering Futures Trading Products to South African Users

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https://krakow3d.com/wp-content/uploads/2022/09/binance-resumes-offering-futures-trading-products-to-south-african-users.jpg One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board. Products Offered Unchanged Almost a year after Binance blocked South African users from accessing its futures trading platform, the crypto exchange has said perpetual and delivery futures contracts are now available to eligible users from the country. In a statement, the crypto exchange told its users that the type of futures products being offered has “not changed from Binance’s previous futures offering in South Africa.” The cryptocurrency exchange however said it had altered the way such product offerings are provided to South African users. As r

Protests in Iran spread throughout the country

http://img.youtube.com/vi/tV9bQFyRahc/0.jpg https://www.youtube.com/watch?v=tV9bQFyRahc Protests in Iran spread throughout the country over the weekend. State media reports at least 41 Iranians have been killed since protests began after the death of 22-year-old Mahsa Amini. She was taken into custody for violating the country's dress code for women, and she died in a hospital after being held in morality police custody. Origina post from https://krakow3d.com/videos/protests-in-iran-spread-throughout-the-country.html

More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

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https://krakow3d.com/wp-content/uploads/2022/09/more-than-a-half-dozen-us-securities-regulators-file-actions-against-crypto-lender-nexo.jpg Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation of securities laws. Nexo Targeted by Several Securities Regulators Over the Crypto Lender’s Earn Interest Product Following the issues that took place last year against Celsius’ and Blockfi’s interest-bearing accounts, the crypto lender Nexo has been targeted by several state securities regulators concerning the company’s Earn Interest Product (EIP). The state of California insists that since June 2020, Nexo has “offered and sold unqualified securities, in the form of Earn Interest Product accounts, to the United States public at large and to California residents.” The

Biggest Movers: LUNC up 40% on Monday, as Do Kwon Faces Possible Arrest

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https://krakow3d.com/wp-content/uploads/2022/09/biggest-movers-lunc-up-40-on-monday-as-do-kwon-faces-possible-arrest.jpg Terra classic rose by over 40% on Monday, as markets reacted to the news that founder Do Kwon was wanted by Interpol. Cosmos also traded higher, rebounding from recent declines. Terra Classic (LUNC) Terra classic was one of Monday’s most notable movers, as the token rose by over 40% to start the week. Following a low of $0.0001825 on Sunday, LUNC/USD rose to an intraday peak of $0.0003272 earlier today. The move came following news that Interpol had issued a red notice for Terraform Labs co-founder Do Kwon. LUNC/USD – Daily Chart Looking at the chart, today’s rally came after a failed breakout attempt of LUNC’s floor of $0.0002375, with bulls instead pushing prices higher. Historically, this level has been an area where a significant amount of bullish pressure resided, as seen from a similar move on September 5. As of writing, bulls may be set to face a hurdle in the