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Godfrey Mwirigi

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posts : 549

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El-Salvador`s-financial-analysis-by-Nayib-Bukele
El Salvador`s financial analysis by Nayib Bukele

A financial analysis of El Salvador’s economy has been done by Bank of America. President Bukele has emphasized the study. El Salvador’s tax revenues are up 2.7pp of GDP. The President of the Republic of El-Salvador, Nayib Bukele, emphasized the financial study conducted by Bank of America, which, in the president’s perspective, is the only one most closely tied to El Salvador’s reality. According to a recent assessment by Bank of America, the world’s second-largest bank holding corporation, the Salvadoran government has proved its ability to manage in the next years without going bankrupt. “The government appears to be able

2 mins read
Revolut to Provide Crypto Services in The UK
Revolut to Provide Crypto Services in The UK

Revolut was added to the UK financial regulator’s crypto asset business registry. FCA was designated as the United Kingdom’s anti-money laundering and counter-terrorism financing body.  Crypto asset enterprises were forced to register in order to be approved to offer their services in the UK. Following a protracted wait, European fintech startup Revolut has finally received registration from the United Kingdom’s Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.  On September 26, the digital banking service, which is valued at $33 billion, was added to the UK financial regulator’s crypto asset business registry. European digital bank Revolut

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Binance Reverses its Stance on LUNC Burn Mechanism
Binance Reverses its Stance on LUNC Burn Mechanism

The address for the burn was developed by the locals. FatMan’s post has enraged Terra classic investors. CZ’s actions caused the currency to tumble in the market shortly after. Future trading commissions on LUNC spots or margin trading pairs will be remitted to the token’s burn address, as was specified in their blog post. This address for the burn was developed by the locals.  It’s LUNC Until further notice, the burn program, which began on September 1, 2022, will be in effect. In response to the newly enacted community-burn idea, the campaign was created. The blog entry stated, All trading

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Japan to Put Rules to Combat Crypto Money Laundering
Japan to Put Rules to Combat Crypto Money Laundering

Japan is drafting legislation to combat cryptocurrency money laundering. This will also apply to stablecoins. When transferring exchanges will be required to give customer information. The Japanese government would allegedly implement remittance laws in an effort to prevent criminals from using cryptocurrency exchanges to launder money. The new restrictions are set to go into force next spring, maybe as early as May 2023. The new measures, once implemented, will require customer identification when sending cryptocurrencies through various crypto exchanges. This will also apply to stablecoins as the Japanese government prepares to establish a more comprehensive crypto monitoring system in the

2 mins read
VeChain Partnership Integrates Pharmaceutical Industry
VeChain Partnership Integrates Pharmaceutical Industry

Their complimentary technologies have been integrated as a result of their partnership. The Goods provided are an essential aspect of human life and nutrition. VeChain Thor (VET) is a blockchain designed to address real-world economic issues. In August, the VeChain team announced a partnership with TruTrace Technologies in a blog post. TruTrace is a blockchain platform developer for the legal cannabis, food, apparel, and pharmaceutical industries.  The collaboration has resulted in the integration of their complementary technologies, as part of a drive to increase the usage of blockchain to assure product provenance and authenticity. Food, clothing, medications, and even the

2 mins read
Bitcoin's Price and Network Activity: One is Faster
Bitcoin’s Price and Network Activity: One is Faster

Several Bitcoin (BTC) on-chain indicators remain unfavorable. The disparity between active addresses and bitcoin’s price has gotten rather large. Metrics such as network volume may be used to calculate how much money the addresses spend. Several on-chain indices for Bitcoin (BTC) remain unfavorable, implying that a continuation of the recent price rebound may need increasing demand and network fees, according to Glassnode. Sideways rise in transactional demand, active Bitcoin addresses being in “a well defined downward trend,” and decreased network costs were cited by analysts as reasons to dampen investors’ enthusiasm. In the realm of cryptocurrency, there are several relevant

2 mins read
Moscow-Exchange-To-Become-a-Cryptocurrency-Exchange
Moscow Exchange To Become a Cryptocurrency Exchange

MOEX is imposing a bill to make it a crypto exchange. The measure lies in the hands of the Central Bank. Twitter users have criticized the move by the Moscow Exchange. The largest stock market, the Moscow Stock Exchange (MOEX), has agreed to draft legislation allowing it to function as a cryptocurrency exchange. This is brought to us by an update from the Bitcoin Archive. The demand for cryptocurrencies grows day by day, and various governments, notably Russia, are seeking measures to satisfy it. The measure by the Moscow exchange is presently in the hands of the Central Bank, which

2 mins read
Governor-has-vetoed-the-California-BitLicense-Bill
Governor has vetoed the California ‘BitLicense’ Bill

Gavin Newsom rejected a crypto licensing and regulatory measure. He signed 21 bills addressing subjects relating to traffic signals. California is the first state to establish a transparent regulatory environment for responsible innovation. On Friday, California Governor Gavin Newsom (D) rejected a crypto licensing and regulatory measure considered as a possible West Coast equivalent of New York’s “BitLicense.” Assembly Bill 2269, introduced by Assemblymember Tim Grayson (D), would have established a licensing regime for anybody wishing to assist crypto transactions, similar to how the Money Transmission Act now oversees money transfers. It was one of eight laws vetoed by Newsom

2 mins read
CNL-Template
Shiba Inu is Now The 12th Largest Crypto by Market Value

SHIB is the 12th largest crypto by market value. The meme coin mania has spread like wildfire. SHIB’s Relative Strength Index (RSI) was in a neutral position. Shiba Inu has surpassed DAI to become the world’s 12th biggest cryptocurrency by market value according to Coingecko. DAI’s current market capitalization is $6,460,080,182. Shiba Inu’s market worth has overtaken DAI’s and now stands at $6,616,092,945. The crypto world was not spared by the bear market, as all major currencies were down more than 70-80% from their all-time high. Bitcoin has also fallen to $17,700 before gradually recovering to $19,031 at the time

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Liverpool FC Expands Its Partnership With Sorare
Liverpool FC Expands Its Partnership With Sorare

Liverpool FC will now collaborate with Sorare on multimedia fan content. Sorare is truly in the front of the NFT trend in sports. Sorare’s connection is the latest in a long sequence of notable accomplishments. This partnership with Sorare will see “Liverpool FC engage with Sorare on multimedia fan material and offer new unique experiences for Reds supporters and Sorare’s managers,” according to a statement. Sorare is genuinely at the forefront of the NFT movement in sports. Only two weeks ago, the NBA announced the introduction of an NFT fantasy basketball game in collaboration with Sorare. Sorare NFT sales increased

2 mins read
CMC: The Market Is Finally Greener
CMC: The Market Is Finally Greener

According to Coinmarketcap`s Daily Chronicle, “it’s finally green”. The overall market has seen a Total Market Capitalization of $929.44 Billion. Bitcoin is up by 3.68 percent. The current crypto downturn has seen individual traders, as well as organizations and cryptocurrency pairs, suffer severe losses in their operations. However, according to Coinmarketcap`s Daily Chronicle, “it’s finally green.” The CMC media team believes that even when the changes are minor, it’s still getting green. This comes after the overall market has seen a Total Market Capitalization of $929.44 Billion which is significantly a 0.65 percent increase over the last 24 hours. The

2 mins read
CFTC Chastised For 'Blatant Regulation Via Enforcement'
CFTC Chastised For ‘Blatant Regulation Via Enforcement’

The CFTC’s measures are being strongly opposed by its own commissioner. A lawyer complained at length about the SEC abusing CFTC`S tactic. Reportedly, Ooki DAO violated CEA and CFTC rules with impunity. After bringing a federal civil enforcement action against members of the decentralized autonomous organization Ooki DAO for digital asset trading violations, the Commodity Futures Trading Commission (CFTC) drew harsh condemnation from the community which was unexpected. The CFTC announced on September 22 that it had filed and simultaneously resolved charges against Tom Bean and Kyle Kistner, the creators of decentralized trading platform bZeroX, for their participation in “illegally

2 mins read