Stiff Flop

• The Russian Energy Committee of the State Council has proposed a ban on cryptocurrency mining in residential zones.
• Anton Tkachev, a member of the State Duma Committee on Information Policy, Information Technologies, and Communications, thinks it’s a good idea to prohibit mining in residential areas and energy-deficient regions.
• The State Duma is presently debating legislation designed to regulate crypto-related activities.

The Russian Energy Committee of the State Council has recently proposed a ban on cryptocurrency mining in residential areas, with the goal of making the community safer from fires. The proposal comes from the fact that industrial mining farms use large quantities of energy, and it is particularly pressing for smaller communities that lack the resources to properly repair and maintain their energy infrastructure.

Anton Tkachev, a member of the State Duma Committee on Information Policy, Information Technologies, and Communications, has emphasized the need for energy security, and has suggested prohibiting mining in residential areas and energy-deficient regions. He has stated that there is a danger of fires starting in private residences due to the mining equipment, and has cited Moscow and the surrounding Moscow Oblast as examples of regions that could be affected.

The State Duma, the lower chamber of the Russian parliament, is presently debating legislation designed to provide clarity on the issue of crypto-related activities, as well as to regulate the same. The committee’s minutes from mid-December indicate that the experts on energy and digital assets are in favor of the proposed ban, citing the need to protect the energy infrastructure, as well as to prevent fires caused by mining equipment.

Furthermore, the proposal is not only meant to protect the energy infrastructure, but also to ensure that private residences are not used for mining activities. This is due to the fact that such activities can lead to the disruption of energy supply and to the detriment of the community.

In conclusion, the proposed ban on cryptocurrency mining in residential areas is meant to ensure the safety of the community, and to protect the energy infrastructure. The State Duma is currently debating legislation designed to regulate crypto-related activities, and it is expected that the ban will be implemented soon.

Allgemein

Kommentare sind geschlossen

• Tesla Inc. is expected to announce the slowest sales growth in 10 quarters on January 25th.
• The company has recently issued massive price discounts on its vehicles and lowered global prices by up to 20%.
• Analysts predict the slowest net profit and sales growth in three years for the EV giant.

Tesla Inc., a leading electric vehicle (EV) manufacturer, is set to announce its slowest sales growth in 10 quarters during its earnings report on the 25th of January. This news comes after the company has recently issued huge discounts on its products in order to trigger consumer demand and restrict competition from other traditional automakers.

The discounts issued by Tesla have led to a decrease in the cost of its vehicles, which has had the side effect of other Chinese EV manufacturers also reducing the price of their cars. This dip in the cost of Tesla’s cars has had a negative effect on the company’s margin, even though it will help to curb the increasing competition from traditional automakers such as Ford Motor Company (NYSE: F).

Analysts from Refinitiv have estimated that the EV giant is about to experience the slowest net profit rate and sales growth in three years. In addition, Tesla is speeding up its production at its Berlin and Austin mega factories in an effort to boost sales and revenue. Some analysts believe that the company’s sales will not be significantly affected by the price drop, and that the discounting is just a temporary measure.

Tesla has been at the forefront of the electric vehicle revolution, and is currently the world’s most valuable automaker. The company is still expected to achieve its 500,000 vehicle delivery target this year, and should be able to survive the short-term price drop. However, there is no denying that the coming weeks and months will be a test of Tesla’s resilience to price fluctuations, and whether it can succeed in the long run despite the current slowdown in sales growth.

Allgemein

Kommentare sind geschlossen

• Meta Platforms Inc (META) has announced a multi-year partnership extension with the National Basketball Association (NBA) to feature enhanced virtual reality (VR) games via the Meta Quest.
• The partnership extension between Meta and NBA will allow fans to purchase NBA-licensed apparel in the Meta Avatars Store and authenticated NBA League Pass access in Xtadium.
• Following the announcement, META shares gained approximately 2.8 percent on Monday to close the day trading at $143.27.

Meta Platforms Inc (META) has announced a multi-year partnership extension with the National Basketball Association (NBA) to offer fans a unique virtual reality (VR) gaming experience. This new partnership will allow fans to purchase NBA-licensed apparel in the Meta Avatars Store and authenticated NBA League Pass access in Xtadium.

The extension will see the Meta Quest, the official VR headset of the NBA and WNBA, feature live NBA League Pass games in virtual reality throughout the season. Basketball fans will be able to watch live NBA Arena games in the Meta Horizon Worlds, allowing them to feel as if they are actually in the arena.

In addition to the virtual reality experience, fans will be able to purchase NBA-licensed apparel in the Meta Avatars Store. This store provides a variety of clothing items that are designed to match the team’s official colors and logos. Furthermore, fans will be able to purchase authenticated NBA League Pass access in Xtadium, which gives them access to all of the NBA’s games.

The announcement of the partnership extension between Meta and the NBA saw META shares gain around 2.8 percent on Monday, closing the day at $143.27. Up approximately 20 percent YTD, META shares have enjoyed a profitable start of the year after dropping over 53 percent last year.

The partnership between Meta and the NBA is part of a larger trend of companies utilizing virtual reality to provide customers with a unique experience. As technology continues to evolve, companies are looking for more innovative ways to engage with their customers and the NBA-Meta partnership is an example of this.

This partnership is sure to benefit both the NBA and Meta financially, as well as providing basketball fans with a unique virtual reality experience. With the ability to purchase authentic NBA merchandise and the ability to watch live NBA games in virtual reality, this partnership is sure to become a fan favorite.

Allgemein

Kommentare sind geschlossen

• PayPal faced a major data breach in December 6-8, 2022, with 34,942 accounts compromised
• The hackers accessed sensitive information such as name, address, personal tax identification numbers, social security number, and date of birth
• PayPal has sent notifications to all the affected accounts asking them to change their passwords

PayPal, one of the world’s largest online payment services platforms, recently faced a data breach that compromised the accounts of nearly 35,000 customers. The breach occurred between December 6 and December 8, 2022, and hackers were able to access sensitive information such as names, addresses, personal tax identification numbers, social security numbers, and dates of birth.

In response to the breach, PayPal sent notifications to all affected accounts, asking them to immediately change their passwords. The company also noted that there had been no breach in their systems and the attack had been carried out through credential-stuffing.

Credential-stuffing is a type of cyberattack that takes advantage of stolen usernames and passwords. Hackers use stolen credentials to gain access to accounts, making it difficult to detect the attack. In this case, the company noticed the suspicious activity on December 20 and immediately shut down the access and began an investigation.

In order to protect their customers, PayPal has implemented a number of measures, including enhanced security protocols and additional fraud prevention processes. The company is also offering a free one-year subscription to their identity theft protection service to all impacted customers.

PayPal is urging customers to remain vigilant and protect themselves from cybercrime by using strong passwords and two-factor authentication. The company also recommends that customers frequently monitor their accounts for any suspicious activity and immediately report any unauthorized charges or activities.

Allgemein

Kommentare sind geschlossen

• Masa Finance has launched its mainnet of the first Web3 Soulbound Identity Protocol.
• The protocol enables tokens to be minted on Ethereum for Know Your Customer verification, credit scores, and other use cases.
• The protocol is based on the idea of Soulbound tokens, which cannot be exchanged from one wallet to another.

Masa Finance has recently launched the mainnet of their first Web3 Soulbound Identity Protocol, a protocol that enables tokens to be utilised on Ethereum for various purposes. The protocol is based on the idea of Soulbound tokens, which cannot be exchanged from one wallet to another. The idea was made famous through a blog post from Vitalik Buterin, who ascertained that these tokens could be utilized to represent governance rights for decentralized finance (DeFi) protocols or to show that a person had observed an event.

Masa is a Ethereum Virtual Machine (EVM) that is consistent with the Soulbound identity protocol. The mainnet inauguration of Masa Soulbound Identity calls for a standardized on-chain Soulbound Token protocol and establishment to boost the Web3 ecosystem. The protocol will be used for a variety of use cases, such as Know Your Customer verification, credit scores, and .soul domain names. With the launch of the mainnet, Masa is also supporting developments and other ventures to develop the protocol, utilizing Masa as the establishment to conveniently mint SBTs for a majority of use cases.

The Masa project was founded by a team of experienced developers and entrepreneurs with expertise in blockchain, finance, and distributed ledger technology. In order to ensure the success of the project, the team has worked to develop a robust and secure protocol that can withstand the rigors of the Web3 economy. The team has also dedicated resources to ensure that the protocol remains compliant with all applicable laws and regulations.

The launch of the mainnet of Masa Soulbound Identity Protocol is an important milestone in the development of the Web3 ecosystem. The protocol will enable the secure, private, and reliable transfer of value across the Web3 economy. The protocol will also facilitate the integration of new and innovative products and services, as well as the development of new and innovative use cases. It is expected that the protocol will become the cornerstone of the Web3 economy and will be widely adopted by enterprises, developers, and users alike.

Allgemein

Kommentare sind geschlossen

• Crypto exchange Gemini has ended its partnership with Digital Currency Group’s Genesis Global.
• The end of the partnership terminates the Earn Program and requires Genesis to return all assets outstanding in the program.
• This development will not in any way affect pending redemption requests.

Crypto exchange Gemini has taken a major step in severing ties with Digital Currency Group’s Genesis Global. This follows after the exchange recently announced a decision to terminate a major aspect of their existing partnership.

The end of the partnership will see the termination of the Earn Program. This program was part of the master loan agreement (MLA) between Gemini’s customers and Genesis and had been running for nearly two years. To ensure that the program is ended, the exchange sent an email to customers confirming the news and requiring Genesis to return all assets outstanding in the program.

The end of this program does not hinder pending redemption requests. Gemini has made it clear that it will continue to hope that Genesis holds up to those requests and fulfills them. It is worth noting that the partnership between the two companies had been running smoothly until summer when the feud between the two firms began to surface.

Both companies have since failed to reach a compromise and it seems that the end of their partnership is inevitable. While both parties continue to disagree on the specifics, Gemini has made it clear that it will not accept any form of compromise that would affect its customers’ interests.

It remains to be seen how this feud will play out and if both companies will be able to come to a compromise. In the meantime, Gemini will continue to ensure that its customers’ interests remain unharmed and that pending redemption requests are fulfilled.

Allgemein

Kommentare sind geschlossen

• The UK Economic Secretary to the Treasury has affirmed that the country will likely launch a stablecoin soon.
• The launch of the stablecoin will go hand-in-hand with the Financial Markets Infrastructure.
• The Financial Services and Markets Bill (FSMB) will give the Financial Conduct Authority (FCA) the necessary authority to regulate the cryptocurrency industry, including stablecoins.

The UK is edging closer to the launch of a stablecoin, as the country’s Economic Secretary to the Treasury, Andrew Griffith, recently revealed to the UK Parliament Treasury Committee. During a meeting with the committee, Griffith stated that the country’s commitment to becoming a global crypto hub would be furthered by the introduction of a stablecoin.

The stablecoin would be used for wholesale settlements between banks, and a third-party provider would be in charge of issuing it. This issuance process will take place in tandem with the Financial Markets Infrastructure, which is outlined in the Financial Services and Markets Bill (FSMB). This bill has already passed a second reading in the House of Lords and will give the Financial Conduct Authority (FCA) the power to regulate the cryptocurrency industry, including stablecoins.

Griffith also expressed the possibility for the UK to introduce a Central Bank Digital Currency (CBDC) in the long term. However, he believes that the introduction of the stablecoin must come first in order to properly facilitate the process.

The potential launch of a stablecoin and CBDC in the UK is a sign of the country’s commitment to becoming a major player in the global crypto industry. This move could potentially set a precedent for other countries, as they explore the potential of blockchain technology and the use of cryptocurrencies.

Allgemein

Kommentare sind geschlossen