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Regulations are more important than ever in light of the historic TerraUSD (UST) collapse. As a result, regulatory agencies and government organisations from across the globe are determining how to govern cryptocurrencies and digital assets. Last week, US Senator Cynthia Lummis revealed through Twitter that the much-awaited crypto bill is likely to be introduced this […]
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[Blockchain Today Reporter Park Yohan] The giant Citi group has successfully completed a proof of concept for blockchain-based cross-border payments in cooperation with the American Development Bank (IADB), Cointelegraph reported.
According to an announcement on the 8th (local time), Citi Group’s Citi Innovation Lab and IADB have used the LACChain blockchain network exclusively developed by IADB’s local program LACChain to provide several payment methods to recipients of the Dominican Republic in the United States.
As part of the project, IADB’s blockchain expert and LACCChain’s technology leader Marcos Allende explained that as part of the project, IADB deposited tokenized funds denominated in US dollars into a Citi account and remitted using a digital wallet. “After being tokenized, these funds were converted to the local currency (Dominican Pesos), and this exchange rate was set by Citi.”
Thanks to blockchain-based experiments, IADB is able to provide instant tracking of transactions, exchange rates and fees, and potentially has a new way of making cross-border payments from the United States to Latin American and Caribbean countries.
Irene Hofman, CEO of the IADB Research Institute, said, “There are a wide range of applications for comprehensive cross-border payments, including formal development assistance and international remittances. There is no doubt that they play a very important role in our local economy, more importantly, “It is to send money to the final beneficiaries and their families.”
The IADB is an international organization that supports economic development, social development and regional integration in Latin America and the Caribbean. IADB is actively exploring blockchain technology after the IADB Research Institute for Innovation focused on the blockchain-centric LACChain program in 2019.
The open source LACChain runs on JP Morgan’s blockchain and smart contract platform Quorum.
Citigroup is not a stranger to blockchain technology. In 2015, the bank developed three blockchain-based systems and an experimental cryptocurrency Citicoin to seek more efficient cross-border transactions.
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VANCOUVER, British Columbia, March 29, 2021 (GLOBE NEWSWIRE) — Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (“Neptune” or the “Company“) is pleased to announce that it has confirmed the delivery date for its first tranche of 300 of the previously announced 1,500 ASIC bitcoin mining machines for April 12th (see news release dated March 19, 2021). The first 300 ASIC S17s will produce approximately 50 terahash per machine, or 15 petahashes per second for the set of 300. At $0.04 per KWH of power and a 10% all-inclusive lease and maintenance fee with Link Global (CSE:LNK); (FSE:LGT); (OTC:LGLOF), there will be a profit margin of approximately USD$4,000 per day at the current Bitcoin price of $55,000 USD. Subsequent deliveries will continue as the Company scales to 1,500 units on the initial build out of Neptune Bitcoin mining operations.
“We are very optimistic on the future of our growing revenue channels and want investors to know that we are committed to execution of these plans. We will continue to scale our mining operations to add to our existing income streams as we move through 2021,” stated Cale Moodie, CEO of Neptune.
Neptune has also arranged a private placement of units of the Company with certain directors and other investors of the Company for aggregate proceeds of $500,000 at $0.80 per unit (the “Private Placement“). The Company anticipates that closing of the private placement will take place on or about March 31, 2021. Each unit issued under the private placement consists of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $1.00 for a period of three (3) years from the closing date. The Private Placement is subject to the final approval of the TSX Venture Exchange.
The Company intends to use the proceeds from the Private Placement for strategic cryptocurrency acquisitions, bitcoin mining equipment and to co-develop the previously announced 5MW renewable energy Bitcoin mining facility in Alberta, Canada. The securities sold in this Private Placement will be subject to a four-month resale restriction from the date of closing.
About Neptune Digital Assets Corp.
Neptune Digital Assets aims to be a cryptocurrency leader with a diversified portfolio of investments and cryptocurrency operations across the digital asset ecosystem including Bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi), and associated blockchain technologies.
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com
Forward-Looking Statements
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, the completion of the private placement; the anticipated closing date of the Private Placement; TSXV approval of the private placement; the potential profit margin of USD$4,000 per day at current Bitcoin pricing, the development of the 5MW renewable energy Bitcoin mining facility in Alberta, Canada; the Company’s future earnings and operating costs; the Company’s future growth in total assets; the Company’s strategy to purchase crypto currency and optimize its crypto portfolio; the Company’s ability effectively dollar cost average its purchases of crypto currency; and the future outlook of the crypto currency market generally. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
This article is from Xiong Xiong Hui PLUS
If it is said that the hot search for the scarf, it can reflect the popularity of the hot topic in the current society;
Then, the hot search for “Bihu”, a bib specifically for the B circle, is a barometer of each section in the circle + investment, capital, and psychology.
As shown in the figure, starting from COMP mining in June, the topic “DEFI Crazy”, which ranked first on the list for two consecutive months, has fallen to sixth place;
“Market trend” fits Defi’s coldness and dominates the list;
“NFT Outbreak” quietly stood in third place.
In fact, NFT is more like an Internet celebrity after the depth P-map + beauty filter is opened to the maximum; in terms of APY and operation alone, most of the NFT+Defi mines are not so attractive.
Next, I will summarize the three postures of mainstream NFT+Defi mining for Lao Xiong. All NFT mining cannot escape these three types. In addition, I will focus on explaining the new NFT mine Cargo.
Note: Cargo blocked GAS on September 15.
Contents of this article
1. Vernacular concept
(1) The essence of NFT+Defi
(2) NFTs are all “dual currency” mining
(3) Three types of mining
2. Detailed explanation of various types of mining
(1) Pure Defi+NFT concept: MEME, Dego
(2) Pledge. Stake NFT mining: new mine Cargo
Three, matters needing attention
text
1. Vernacular concept
(1) The essence of NFT+Defi
NFT, Non-Fungible Tok.ens, non-homogeneous generation B.
To put it bluntly, NFT is a special type of B:
First, it is unique. Each NFT is different from other generation Bs, such as the website domain name, Zhang Zeduan’s “A Picture of the River on Qingming Festival”, and your house;
In the same way, every pie is the same. The pie in your hand is the same as the pie in my hand, and the contract address is the same.
Second, it is indivisible. Each NFT can only exist as a separate one, one is one. For example, you can’t take apart Zhang Zeduan’s “A Picture of Shanghe on the Qingming Festival”.
In the same way, you can have 1 pie, you can also have 0.99 pie, you can also have 0.1 pie.
As long as it meets the above two points, it is NFT, and in order to meet the characteristics of NFT, Ethereum has developed unique ERC-1155 and ERC-721. Two standards, which are different from the traditional ERC-20 standard.
Defi, Decentralized Finance, go to. Zhong. Heart. Hua. Jin. Rong.
To put it bluntly, all projects in circle B are called Defi.
The pie is also decentralized. The pie can also be bought and sold, and the pie can also be used. The pie is also a Defi;
OmiseGO (OMG) is also decentralized, positioning is payment, OMG is also Defi.
In essence, all the B circle projects we can see are called Defi.
The so-called “Defi” we are talking about now simply refers to: a project based on smart contracts that can be mined by dolls.
The so-called “NFT+Defi” has one essence:
For a certain NFT concept project, you can use Defi mode dolls.
(2) NFTs are all “dual currency” mining
All NFT+Defi are “double B mining”, ERC-20+NFT.
In the first case, a certain NFT project has NFTs for you, such as MEME and Cargo, but the NFT itself cannot be launched on DEX or CEX like ordinary generation B, and can only be bought and sold on Opensea similar to “fried shoes”.
Therefore, in order to combine, projects with NFT will develop a “double B system”, such as MEME+pineapple+NFT in MEME, and GEM+Credit in Cargo.
Simply put, NFT is responsible for attracting eyeballs + conceptual positioning, the real value, value, flow, transfer, that is, the things we trade. All are the ordinary generation B of ERC-20, which has nothing to do with NFT.
In the second case, if a certain NFT project does not have NFT for you, but is just an NFT concept series, such as the RARI of NFT-DEX, it will only send an ERC-20 ordinary generation B, and then engage in “transaction.” “Mining. Mine” is a pure Defi method.
(3) Three types of mining
Like the form, NFT+Defi can be divided into three categories:
The first type, which has nothing to do with NFT itself, is a pure Defi method of streaming, moving, sex or trading, mining, mining, such as WHALE, RARI, SAFE, etc.;
The second type, it is pure Defi mining. The concept of NFT will be added later, such as MEME, Dego, BAKE, etc.;
The third type is to pledge. Stake NFT for mining. Mine, or put ordinary generation B into NFT, and then obtain other generation B, such as WHALE, Cargo, etc.
The first category has little to do with NFT, the following will focus on the second and third categories.
(1) Pure Defi+NFT concept: MEME, Dego
MEME
MEME is familiar to everyone, so let’s just talk about it.
Two ways,
The first one is to save MEME and get Pineappl;
The second type, Uniswap streaming, dynamic, sex, mining, mining, MEME/Auntie.
Pineapple can be obtained in both ways, and Pineapple can be exchanged for NFT, and NFT can be released in Opensea or Rari.
Dego
Dego was originally an ERC series of old earth mines in the “firework” mode, but it has now been combined with NFT.
Yesterday, Dego launched the NFT airdrop.
In addition to continuing with Defi, Dego can cast NFT, and NFT can also be replaced with Dego.
(2) Pledge. Stake NFT mining: new mine Cargo
Cargo is a platform for NFT production, management, and buying and selling. Its main feature is low-gas mass production of NFTs.
The NFT game concept project PGFK, which was just concluded two days ago, is the main incubator of Cargo.
Double B system
The first type: GEM;
GEM plays the role of value, value, condensation, and has the functions of investment, future formalities, and mining.
The second type: Credit
The role of Credit is mainly the current procedure fee, which can be simply understood as GAS tok.en, similar to 1inch CHI.
The initial credit is 1,305,379, and there is no upper limit. Whenever the credit consumed by casting, making or buying or selling will be destroyed.
Mining rules
As form,
First, as long as you insert GEM into your NFT (ERC-1155 or ERC-721) and put it on Cargo, it is considered mining;
Second, NFT production is very simple, pictures, audio and video can be converted at will;
Third, 5% of GEM has been allocated to PGFK holders and the snapshot has ended;
Fourth, GEM is about to open 1D0 in the DEX of PGFK on AVAX.
In summary, like PGFK, Cargo has developed a more complex double-B system, which combines the ordinary belt B and NFT as plug-in binding, which is a deeper combination.
This picture is often quoted in various articles. The meaning I want to express is nothing more than the overall volume of the block, block, chain, NFT still has a lot of room for growth, and NFT has great potential.
Conversely, I think that capital is the smartest, and no one goes where there is no hair.
The subtext that says you have a lot of potential is: you can’t do it now.
Why does Defi fire? Because there are so many people.
Uniswap has been in development for N years. In addition to mining incentives, there are many real needs, or Zeus capital, who shorted Link some time ago, is operating in AAVE.
If it is still a picture or a piece of music, NFT will not be able to enter the homes of ordinary people, and there will be no “killer” applications such as Uniswap or AAVE.
Just like a mine that is pulled purely by dolls, is RARI, one of the leading NFTs, really that powerful?
Just like YFI that broke through the sky, Xiong Xiong did not hold it personally, but in fact, he did not see anyone holding it.
MEME’s airdrop at that time, unless you forgot, you have never seen anyone who can hold it. The so-called “big V” can’t be held, otherwise they will not try to make another FEW fake plate. write).
The “NFT” hot spots that everyone is talking about did not drive the overall NFT section to take off, let alone lead the market like Defi.
NFT is still at the stage of “a painting”, and the future can be expected, but at this stage it is only a “hype spectacle”.
So, it’s the old saying, don’t FOMO, don’t stud things that “look beautiful”.
With a picture as the end, this “NFT” sells 10.25 concubines, ha ha.
Summary: The European Commission proposed on Thursday to establish a complete regulatory framework for cryptocurrencies.
The committee proposed on Thursday to establish a complete framework.
According to the official announcement of the European Union, it has proposed legislation to transform cryptocurrency into a regulated financial instrument. This bill, called “Encrypted Asset Market Regulation (MiCA)”, will clearly define what is “encrypted asset” and the definition of different token subcategories.
The EU stated, “Today’s digital finance package will enhance Europe’s competitiveness and innovation in the financial sector, paving the way for Europe to become a global standard setter. It will provide consumers with more choices in financial services and modern payments. And opportunities, while ensuring consumer protection and financial stability.”
The digital finance package includes digital financial strategies, retail payment strategies, legislative proposals for the EU’s encrypted asset regulatory framework, and recommendations for the EU’s digital operation flexible regulatory framework.
The new bill will provide regulations on digital asset custody and capital requirements. It will also stipulate the relationship between token issuers and token holders, including procedures for investors to file complaints about the project. EU officials also proposed a regulatory sandbox initiative aimed at helping companies that develop infrastructure for the trading and settlement of digital assets.
If passed, MiCA will make the European Union the largest and most important cryptocurrency regulator in the world. The framework will apply to all 27 member states, enabling regulated crypto companies to obtain corresponding rights in EU countries.
Image source: pixabay
Author Liang Che
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