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Showing posts from October, 2022

Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021

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https://krakow3d.com/wp-content/uploads/2022/11/mastercard-study-african-fintech-sector-had-one-of-the-highest-year-on-year-growth-rates-in-funding-in-2021.jpg In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding is just over one percent, the continent’s fintech sector still recorded one of the highest year-on-year growth rates globally. ‘Record-High Number of Deals Closed’ According to the findings of a new Mastercard study , African fintech startups — whose number grew from 311 in 2019 to 564 in 2021 — accounted for “61% of the USD 2.7 billion deployed across Africa in 2021.” The findings also show that fintechs’ share “of the record-high number of deals closed” in that year was 27%. When compared with the $131.5 billion that was raised globally, African fintech’s share of the total remains very low — just over 1% of the 2021 total. Howeve

Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure

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https://krakow3d.com/wp-content/uploads/2022/10/report-deleted-files-indicate-crypto-lender-hodlnauts-execs-gave-little-weight-to-terra-luna-exposure.jpg According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut Downplayed Terra Exposure Following the Collapse More than 1,000 deleted documents from the crypto lender Hodlnaut’s Google workspace have shown discrepancies, according to a judicial report discovered by Bloomberg on Oct. 31. The judicial report confirms the court filings published at the end of August that said Hodlnaut suffered a significant financial shortfall from the Terra collapse. Bloomberg’s Suvashree Ghosh and Sidhartha Shukla explain that the judicial report shows the crypto lender “suffered a near $190 million loss from the wipeout.” The

Vision Trading Tool - show start and end of exchange trading day

http://img.youtube.com/vi/THpfu_lwVW4/0.jpg https://www.youtube.com/watch?v=THpfu_lwVW4 Origina post from https://krakow3d.com/videos/vision-trading-tool-show-start-and-end-of-exchange-trading-day.html

McGhee: The Fed's forward guidance is key this week

http://img.youtube.com/vi/Cd4BmG2xJUU/0.jpg https://www.youtube.com/watch?v=Cd4BmG2xJUU Tiffany McGhee of Pivotal Advisors discusses potential market catalysts this week, including the Fed meeting, and says investors should target stocks that offer dividend and buyback yields. Origina post from https://krakow3d.com/videos/mcghee-the-feds-forward-guidance-is-key-this-week.html

Bitcoin, Ethereum Technical Analysis: ETH Above $1,600 as Markets Begin to Anticipate Fed Rate Decision

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https://krakow3d.com/wp-content/uploads/2022/10/bitcoin-ethereum-technical-analysis-eth-above-1600-as-markets-begin-to-anticipate-fed-rate-decision.jpg Ethereum was trading above $1,600 on Monday, as markets prepared for the latest U.S. Federal Reserve policy meeting. The Fed is expected to hike rates by 75 basis points this week, as inflation remains at historical highs. Bitcoin also rebounded, hovering marginally below $21,000 in today’s session. Bitcoin Bitcoin ( BTC ) remained closer to $21,000 on Monday, as markets rebounded from yesterday’s sell-off. Following Sunday’s low of $20,461.72, BTC /USD surged to an intraday peak of $20,791.67 earlier today. The move sees the token edge closer to Saturday’s high of $21,080, which was the strongest point the token had hit since September 13. BTC /USD – Daily Chart Looking at the chart, Monday’s surge sent BTC close to its long-term price resistance of $20,800, which hasn’t truly been broken since early September. Price strength has also

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

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https://krakow3d.com/wp-content/uploads/2022/10/economists-discuss-russia-china-potentially-developing-gold-backed-currency-that-could-undermine-us-dollar.jpg Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China h

Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72

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https://krakow3d.com/wp-content/uploads/2022/10/stablecoin-husd-continues-to-trade-below-1-parity-as-token-taps-an-all-time-low-at-0-72.jpg After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit. HUSD Remains Below the $1 Peg Another stablecoin is struggling to maintain parity with the U.S. dollar as HUSD has slipped from the $1 peg to $0.746 per unit on Oct. 30, 2022. At the time of writing, the stablecoin token is exchanging hands for $0.765 per unit and there’s only $59,790 in global trade volume during the past 24 hours. Two days ago, krakow3d.com News reported on Huobi Global announcing that it would delist HUSD, a stablecoin asset issued by Stable Universal. While Huobi and the stablecoin shared the same name, and Huobi introduced HUSD on Oct. 19, 2018, the exchange disassociated itself from the stablecoin

How to setup the Vision Trading Tool 🤑

http://img.youtube.com/vi/cueaMCWBUYo/0.jpg https://www.youtube.com/watch?v=cueaMCWBUYo Origina post from https://krakow3d.com/videos/how-to-setup-the-vision-trading-tool-%f0%9f%a4%91.html

Threats to lawmakers and public officials spike

http://img.youtube.com/vi/SdHgPzu1Xno/0.jpg https://www.youtube.com/watch?v=SdHgPzu1Xno CNBC’s Kayla Tausche reports on the increasing number of attacks and threats against public figures and politicians. Capitol police reported nearly 10,000 threats in the last year. With presidential historian and author John Meacham. Origina post from https://krakow3d.com/videos/threats-to-lawmakers-and-public-officials-spike.html

Thailand and Hungary Partner to Promote Blockchain Tech in Financial Sector

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https://krakow3d.com/wp-content/uploads/2022/10/thailand-and-hungary-partner-to-promote-blockchain-tech-in-financial-sector.jpg Industry associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides hope to share experience and produce ideas for alternative services as part of their new partnership. Thailand and Hungary Announce Blockchain Pact During Bilateral Fintech Forum The Thai Fintech Association and Hungary’s Blockchain Coalition have signed a Memorandum of Understanding to support the introduction of new technologies to their financial markets. The agreement was inked during the first edition of the “Thai-Hungarian Fintech Forum: Powering the Financial Revolution Together,” the Bangkok Post reported on Saturday. The event devoted to showcasing financial technology services was organized by the Hungarian embassy. Hungary’s Blockchain Coalition was established on the initiative of the Ministry of

Robert Kiyosaki Warns Stocks, Bonds, Real Estate Will Crash as Fed Continues Rate Hikes — Advises Buy Bitcoin Before Fed Pivot

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https://krakow3d.com/wp-content/uploads/2022/10/robert-kiyosaki-warns-stocks-bonds-real-estate-will-crash-as-fed-continues-rate-hikes-advises-buy-bitcoin-before-fed-pivot.jpg The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that stock, bond, and real estate markets will crash as the Federal Reserve continues to raise interest rates. Noting that the Fed will pivot, he advises investors to buy bitcoin. Robert Kiyosaki Recommends Buying Bitcoin Before Fed Pivot The author of Rich Dad Poor Dad, Robert Kiyosaki, has advised investors to buy bitcoin before the Fed pivots, reiterating that the Federal Reserve’s interest rate hikes will destroy the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted early Saturday morning

Twitter Reveals ‘NFT Tweet Tiles’ in Order to ‘Impact’ the Social Media Experience

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https://krakow3d.com/wp-content/uploads/2022/10/twitter-reveals-nft-tweet-tiles-in-order-to-impact-the-social-media-experience.jpg According to the social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles,” a segregated panel within a tweet that showcases non-fungible tokens (NFTs) and the marketplaces that list the specific NFT shared. The new NFT concept is expected to drop soon, in order to “impact the Tweet experience,” Twitter developers explained on Oct. 27 . Twitter Developers Reveal ‘NFT Tweet Tiles’ After Elon Musk officially took over Twitter , the social media’s development team tweeted that the firm aims to drop a feature called NFT Tweet Tiles soon. “Now testing: NFT Tweet Tiles,” the account @twitterdev tweeted . “Some links to NFTs on [Rarible], [Magic Eden], [Dapper Labs], and [Jump.trade] will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact t

Tom Brady and Giselle Bündchen file for divorce

http://img.youtube.com/vi/BgAuQVL6BWQ/0.jpg https://www.youtube.com/watch?v=BgAuQVL6BWQ Tampa Bay quarterback Tom Brady and former Brazilian super model Giselle Bündchen announced today they were filing for divorce after 13 years of marriage. Origina post from https://krakow3d.com/videos/tom-brady-and-giselle-bundchen-file-for-divorce.html

Bitcoin ATMs Increase in Number in Moscow, Russia

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https://krakow3d.com/wp-content/uploads/2022/10/bitcoin-atms-increase-in-number-in-moscow-russia.jpg The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in cryptocurrencies, the number of devices offering automated teller services for digital assets is increasing, the Russian business daily Kommersant noted in article. Several dozen bitcoin ATMs (BATMs) are now operating across the country, despite the lack of clarity in terms of regulation. Moscow has taken the lead when it comes to new installations. Quoting one of the companies behind them, Rusbit, the newspaper revealed that 14 new ‘cryptomats’ have appeared in the capital city this year, bringing t

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

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https://krakow3d.com/wp-content/uploads/2022/10/egyptian-currency-plunges-15-after-cairo-accedes-to-key-imf-exchange-rate-condition.jpg After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 billion bailout package for Egypt. The IMF’s Key Condition A report has said that the official exchange rate of the Egyptian pound versus the U.S dollar plunged by 15% to 23.09 per dollar after the central bank announced the adoption of a more flexible exchange rate regime. Cairo’s apparent devaluation of the currency came as news broke that Egypt had reached an agreement with the International Monetary Fund (IMF) which will see it receive a $3 billion financial bailout. Before the pound’s latest slip, the currency had tra

Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,500 — Market Momentum Remains Bullish

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https://krakow3d.com/wp-content/uploads/2022/10/bitcoin-ethereum-technical-analysis-eth-falls-below-1500-market-momentum-remains-bullish.jpg Ethereum dropped below $1,500 on Friday, as cryptocurrency markets fell following earlier gains in the week. Bitcoin was also in the red in today’s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin ( BTC ) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC /USD dropped in back-to-back sessions, with today’s decline sending the price to a low of $20,086.07. Today’s slip in bitcoin comes as USD continued to gain strength, following yesterday’s better-than-expected Q3 GDP figures, which came in at 2.6%. BTC /USD – Daily Chart In addition to a stronger dollar, momentum has somewhat shifted following a failed breakout of a key ceiling within the relative strength index (RS

Fortune Brands CEO on the company's rebrand and split from its cabinets business

http://img.youtube.com/vi/YYAeF2pwWSI/0.jpg https://www.youtube.com/watch?v=YYAeF2pwWSI Cramer spoke with Fortune Brands CEO Nicholas Fink on Thursday. Origina post from https://krakow3d.com/videos/fortune-brands-ceo-on-the-companys-rebrand-and-split-from-its-cabinets-business.html

Mad Money’s Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges

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https://krakow3d.com/wp-content/uploads/2022/10/mad-moneys-jim-cramer-apologizes-for-being-wrong-about-facebook-parent-meta-after-stock-plunges.jpg The host of Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he said emotionally after stating previously that Meta was a good investment. “I failed to help people. And I own that.” Jim Cramer’s Apology About Meta: ‘I Was Wrong’ The host of CNBC’s Mad Money show, Jim Cramer, apologized to investors Thursday for recommending Facebook parent Meta Platforms Inc. (Nasdaq: META) after the stock kept tanking following the company’s Q3 earnings release. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. Appearing emotional on CNBC Market Alert, Cramer admitted that he made a wrong call about the Meta stock, telling investors previously that the social media com

Crypto Firm Freeway Updates Community, Says Trading Strategy ‘Failed’ and ‘Caused a Substantial Loss’

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https://krakow3d.com/wp-content/uploads/2022/10/crypto-firm-freeway-updates-community-says-trading-strategy-failed-and-caused-a-substantial-loss.jpg Four days ago, the crypto rewards platform Freeway.io, formally called Aubit, halted withdrawals on October 23 after citing it was protecting the firm’s portfolio from “market fluctuations and volatility.” Two days later, the team updated the community and explained on Tuesday that “one of Freeway’s trading strategies appears to have failed and caused a substantial loss. ” Crypto Rewards Company Freeway Updates Crypto Community After Halting Supercharger Buy-Backs The crypto rewards company Freeway.io was a platform that claimed to offer up to 40% annual percentage yield (APY) on “Supercharger” accounts. However, on October 22, the whistleblower known as “Fatman” published a tweet that warned people to get their funds off the Freeway platform. “I believe they are operating a Ponzi scheme,” Fatman told his 103,000 Twitter followers. “In my