Importance of Price Prediction

Understanding the potential price movements of the AXON token is crucial for investors and the broader cryptocurrency community. Axon DAO price prediction can offer insights into the token’s future viability and potential impact on cryptocurrency.

Factors Influencing Axon DAO Price

Market Trends

The cryptocurrency market’s volatile nature significantly affects Axon DAO’s valuation. General market sentiments and specific trends related to governance tokens are pivotal in shaping its price.

Technological Developments

Innovations within Axon DAO, such as upgrades or new features, can influence investor perception and price. Moreover, its integration with other platforms could enhance its utility and demand.

Regulatory Environment

The global regulatory landscape concerning cryptocurrencies can impact Axon DAO. Regulations can either pose challenges or provide growth opportunities, influencing investor confidence.

Community and Adoption

The expansion of the Axon DAO community and its adoption in real-world use cases are vital indicators of its value. An engaged community and increasing adoption can signal a positive trajectory for the AXON token.

Historical Price Analysis

Price Fluctuations and Milestones

Analyzing past price trends and significant events in Axon DAO’s history provides context for its current valuation and potential future movements.

Comparison with Other Cryptocurrencies

Comparing AXON’s performance with similar tokens can offer additional insights into its market position and potential for growth or volatility.

Future Price Predictions

Short-term Outlook

Current market conditions suggest specific short-term movements for AXON. Analyzing these trends can offer investors guidance on immediate opportunities or risks.

Long-term Projections

Considering broader market trends and potential developments within Axon DAO, long-term price projections can be formulated, offering a vision of the token’s future in the years to come.

Investment Implications

Risk Factors

Investors must consider the inherent risks associated with cryptocurrency investments, including market volatility and token-specific challenges.

Strategic Recommendations

Adopting strategies to mitigate risks while capitalizing on potential opportunities is crucial for those considering AXON as an investment. Diversification and informed decision-making are key.

Summary

The journey of Axon DAO and its associated AXON token through the ever-evolving landscape of cryptocurrencies is a testament to the dynamic interplay of technology, market forces, community engagement, and regulatory frameworks. As we delve into the future of Axon DAO, it becomes apparent that many factors will continue to sculpt its path.
The intricate dance between market trends and the token’s valuation underscores the interconnectedness of Axon DAO with the broader crypto ecosystem. Innovations within the platform to enhance functionality and appeal could catalyze growth, driving investor interest and potentially buoying the token’s price. Conversely, the volatile nature of the crypto market constantly reminds investors of the risks entwined with such investments.
Regulatory developments loom as a double-edged sword. While stringent regulations might introduce hurdles, creating a landscape fraught with compliance challenges, a well-defined regulatory framework could instill confidence among investors, fostering a more stable environment for Axon DAO to flourish.
The role of the community and the adoption rate are not to be underestimated. As Axon DAO continues to carve its niche, the growth of its community and the expansion of real-world applications of the AXON token will be critical in determining its long-term viability and success.
Investors eyeing Axon DAO must navigate this terrain with strategic foresight and caution. While the allure of potential gains is undeniable, the unpredictable nature of the crypto world necessitates a measured approach, emphasizing risk management and informed decision-making.
In sum, the future of Axon DAO is a mosaic of possibilities shaped by a confluence of diverse factors. As stakeholders in this dynamic ecosystem, our understanding and actions will contribute to the unfolding narrative of Axon DAO, charting a course through the uncertain yet exhilarating realm of cryptocurrency. Whether AXON will ascend to new heights or face challenges lies in the intricate weave of market dynamics, technological innovation, community strength, and regulatory clarity, all of which will define the trajectory of this pioneering platform in the digital age.

References

A comprehensive list of references and additional readings supports the analysis and predictions provided, offering readers resources to further explore Axon DAO and its market dynamics. Notably, insights and detailed analyses from sources like hotcoinpost.io enrich our understanding of Axon DAO’s position in the cryptocurrency market, providing valuable perspectives on its technological advancements and market trends.

The post Axon DAO Price Prediction: Navigating the Future of AXON Token appeared first on Prime-Chain-Tech.

1. The 9/11 terrorist attacks

On September 11th, 2001, terrorist attacks were carried out in New York City and Washington D.C., resulting in the deaths of 2,996 people. This event sent shockwaves throughout the world and had a profound effect on the global economy.

In the immediate aftermath of the attacks, stock markets around the world plunged as investors feared for the future. The attacks also led to a sharp increase in oil prices as tensions in the Middle East flared up.

In the years that followed, the 9/11 attacks had a major impact on American foreign policy and led to costly wars in Afghanistan and Iraq. The event also changed the way we think about security, both at home and abroad.

2. The dot-com bubble

In the late 1990s, there was a huge increase in investment in internet-based companies, known as the dot-com bubble.

Investors were eager to get in on the new industry and many companies were able to raise large amounts of money through initial public offerings (IPOs).

However, many of these companies were not actually making any money and the bubble eventually burst. This led to a stock market crash and a sharp decrease in investment in tech companies.

3. The financial crisis of 2007-2008

Subprime mortgage lending, excessive debt, and insufficient financial sector regulation were some of the causes of the global financial crisis.

The crisis led to a stock market crash, a rise in unemployment, and a sharp decrease in economic activity around the world. It also had a significant impact on the tech sector, with many companies going out of business and investments drying up.

4. The rise of mobile

The rise of mobile devices and apps has had a major impact on the tech industry. In particular, it has led to a boom in startups that are focused on developing mobile apps and services.

However, the increased competition in the mobile space has also made it more difficult for startups to raise funding and achieve profitability.

5. Brexit

The UK’s decision to leave the European Union has had a number of implications for the tech sector. In particular, it has made it more difficult for UK-based startups to access EU markets and talent.

Brexit has also created uncertainty around the future of the UK’s relationship with the EU. This has led to some startups relocating to other European countries, such as Ireland and Germany.

6. The rise of artificial intelligence

Artificial intelligence (AI) is one of the hottest trends in the tech industry right now. Startups that are focused on developing AI-based products and services are attracting a lot of attention from investors.

However, AI is also raising concerns about job losses and the potential for misuse. As AI becomes more prevalent, these concerns are likely to increase.

7. The growth of the sharing economy

The sharing economy is another trend that is transforming the tech industry. Startups such as Airbnb and Uber have disrupted traditional businesses such as hotels and taxi companies.

The sharing economy is based on the principle of peer-to-peer collaboration. This makes it different from the traditional business model, which is based on competition.

8. The rise of digital nomads

The rise of digital nomads is another trend that is changing the way we work. A digital nomad is someone who uses technology to work remotely, often from different locations around the world.

This trend is made possible by advances in communication and collaboration technologies, such as video conferencing and cloud-based project management tools.

Digital nomads are often freelance workers or entrepreneurs who work online. This type of work gives them the freedom to work from anywhere in the world, as long as they have an internet connection.

The rise of digital nomads is giving rise to a new type of workplace: the coworking space. Coworking spaces are shared office spaces that are used by freelancers, entrepreneurs, and digital nomads.

They offer a flexible and affordable way to work without the need for a traditional office space.

9. The Iraq War in 2003

The Iraq War was a major conflict that took place in 2003. It was fought between the United States and a coalition of other countries against Iraq.

The war began when the US and its allies invaded Iraq, with the stated goal of deposing Saddam Hussein’s government and finding and destroying weapons of mass destruction.

The Iraq War was one of the most controversial wars in recent history. It resulted in the death of over 4,000 US soldiers and over 100,000 Iraqi civilians.

10. The European debt crisis

The European debt crisis is an ongoing economic crisis that began in 2010. It is affecting several European countries and has caused a great deal of financial instability.

The crisis began when it became apparent that several European countries, including Greece, Portugal, and Spain, were unable to repay their debts. This led to a loss of confidence in the Euro, the currency used by these countries.

The crisis has resulted in high levels of unemployment and poverty in affected countries. It has also led to a rise in nationalist sentiment and a resurgence of far-right political parties.

11. The rise of China and other Asian economies

Since the early 2000s, China has been one of the world’s fastest-growing economies. This growth has led to a significant increase in Chinese exports and a corresponding decrease in the trade deficit of the United States.

Other Asian economies, such as India and Indonesia, have also experienced rapid economic growth in recent years. This has led to a rise in living standards in these countries and has made them increasingly important players in the global economy.

12. The rise of populism

The past few years have seen a rise in populist political movements across the world. These movements, which are often anti-establishment and anti-globalization, have gained popularity in response to economic insecurity and social inequality.

In many cases, populists have been successful in winning elections and taking power. This has led to a number of challenges for the global order, including the rise of protectionism and nationalism.

13. The spread of fake news

The proliferation of digital media has made it easier for false information to spread around the world. This so-called “fake news” can have serious consequences, such as influencing elections or fomenting violence.

Combating the spread of fake news is a difficult task, as it is often hard to distinguish between accurate and inaccurate information.

14. The future of work

The advent of new technologies is changing the way we work. In particular, automation and artificial intelligence are having a profound impact on the world of employment.

As jobs are increasingly replaced by machines, there is a risk of mass unemployment. This could lead to social unrest and political instability.

15. Climate change

Climate change is one of the most pressing challenges facing the world today. If left unchecked, it could have disastrous consequences for the planet, including rising sea levels, extreme weather events, and mass extinction.

Combatting climate change will require a concerted effort from all sectors of society. This will include reducing greenhouse gas emissions, investing in renewable energy, and protecting natural habitats.

16. Corruption

Corruption is a major problem in many parts of the world. It erodes trust in institutions and undermines economic development.

Combatting corruption requires improved transparency and accountability. This can be achieved through stronger regulation and enforcement, as well as public awareness campaigns.

17. Crime

Crime is a serious problem in many parts of the world. It not only causes fear and insecurity, but also has a negative impact on economic development.

To reduce crime, it is important to address the underlying social and economic conditions that give rise to it. This includes improving access to education and employment opportunities, as well as strengthening the rule of law.

18. Discrimination

Discrimination is the unfair treatment of people based on their ethnicity, race, religion, or other factors. It can lead to social exclusion and conflict.

To reduce discrimination, it is important to promote diversity and inclusion. This can be done through public awareness campaigns, anti-discrimination laws, and affirmative action programs.

19. Economic Inequality

Economic inequality is a major problem in many parts of the world. It not only leads to social tensions but also hampers economic growth.

To reduce economic inequality, it is important to invest in education and skills training. This will help people to find better-paying jobs and improve their standard of living. Governments can also reduce inequality by implementing progressive tax policies that redistribute wealth from the rich to the poor.

20. Environmental Degradation

Environmental degradation is a major global problem. It includes air pollution, water pollution, and soil pollution. It also results in the loss of biodiversity.

To reduce environmental degradation, it is important to promote sustainable development. This can be done through public awareness campaigns, investment in renewable energy, and stricter environmental regulations.

21. The Trump presidency

The Trump presidency has been marked by controversy and chaos. From his divisive rhetoric to his chaotic decision-making, Trump has caused many Americans to question his competence as president.

Despite his challenges, Trump has managed to accomplish some things during his time in office. He has appointed conservative judges to the Supreme Court, passed tax reform, and made progress on trade deals.

22. Refugee crisis

The refugee crisis is one of the most pressing issues facing the world today. Millions of people have been forced to flee their homes due to conflict or persecution.

The majority of refugees come from Syria, Afghanistan, and Somalia. Many have risked their lives to reach Europe or North America in search of safety.

23. Economic instability

Economic instability is a major concern for many people around the world. Inflation, unemployment, and rising debt levels are all causes of worry.

There have been several major economic crises in recent years, such as the 2008 financial crisis. These events have led to a loss of confidence in the global economy.

24. Demographic changes

The world’s population is growing at an unprecedented rate. By 2050, it is projected to reach 9.7 billion people. This growth will put pressure on resources and lead to increased competition for jobs.

Demographic changes are also taking place within countries. In developed countries, the population is aging rapidly due to declining birth rates and longer life expectancies. This results in a shrinking workforce and an increase in dependency ratios.

25. Technological advances

Technological advances are transforming the way we live and work. They are also creating new opportunities for businesses and industries.

However, there is a risk that automation will result in large-scale job losses. This could lead to social unrest and increased inequality.

The post The top 25 market events of the last 25 years appeared first on Prime-Chain-Tech.

Bitcoin outperforms ether

Bitcoin’s market value has surged past $1 trillion for the first time, driven by a rally that has seen the price of the cryptocurrency more than double this year.

The rally has been fueled by a growing acceptance of Bitcoin as a mainstream asset, with major companies, including Tesla Inc (TSLA.O) and Mastercard Inc (MA.N), announcing plans to accept it as payment.

Bitcoin’s surge past ether, the second-largest cryptocurrency by market value, comes as Starbucks Corp (SBUX.O) is set to launch its own digital currency later this year.

SEC ups crypto scrutiny

The U.S. Securities and Exchange Commission is ramping up its scrutiny of the cryptocurrency market, according to people familiar with the matter.

The SEC has sent dozens of information requests in recent weeks to technology companies and financial firms that have been involved in cryptocurrency trading or initial coin offerings, the people said.

Is Bitcoin rally losing steam?

Bitcoin’s record run may be losing steam as the price faces resistance around $60,000, analysts say.

The cryptocurrency has risen more than 160% this year but is now trading below its 200-day moving average, a key technical level.

“It looks like we could be in for a period of consolidation in the near term,” said Edward Moya, senior market analyst at OANDA.

Starbucks to launch NFTs

Starbucks is teaming up with blockchain platform Bakkt to launch non-fungible tokens (NFTs).

The coffee giant will create digital collectibles that can be bought, sold, or traded on a dedicated app.

It’s the latest move by a major corporation to get involved in the burgeoning NFT market, which has seen explosive growth in recent months.

What to expect from NFTs from Starbucks?

It’s still early days for the NFT market, and it’s not clear what exactly Starbucks’s NFTs will look like.

However, the coffee chain says the collectibles will be “unique and limited-edition digital assets” that can be used to “unlock exclusive experiences.”

It’s possible that Starbucks could use NFTs to offer rewards or discounts to customers who hold them. The company could also use them to create digital versions of popular physical products, such as coffee mugs or t-shirts.

Whatever form they take, Starbucks’s NFTs are likely to be highly coveted by collectors. And given the company’s massive global reach, they could have a significant impact on the burgeoning NFT market.

Starbucks is just the latest major company to jump on the NFT bandwagon. In recent months, a number of high-profile businesses have launched their own NFT initiatives.

Last month, Jack Dorsey’s social media platform Twitter announced that it would allow users to buy and sell tweets as NFTs. And earlier this year, NBA Top Shot, a website that sells digital collectibles based on basketball highlights, raised $230 million in funding.

It’s clear that NFTs are rapidly gaining mainstream attention. And with big names like Starbucks getting involved, it seems likely that the craze is here to stay.

Keep this in mind!

If you’re thinking about investing in NFTs, there are a few things you should keep in mind. First, it’s important to understand what you’re buying. Make sure you know the difference between an NFT and a regular cryptocurrency before you invest.

Second, be aware of the risks involved. Like any investment, there’s always a chance that you could lose money. So make sure you only invest what you can afford to lose.

And finally, don’t forget to do your research. There are a lot of scams out there, so it’s important to be careful when you’re choosing an NFT to invest in.

If you keep these things in mind, you’ll be in a good position to make money from NFTs. So what are you waiting for? Start investing today!

Conclusion

NFTs are a new and exciting way to invest in digital assets. If you’re looking for a way to make money from the crypto world, they could be a good option for you. Just remember to be careful and do your research before you invest. Thanks for reading!

FAQs

Q: What is an NFT?

A: A digital asset known as an NFT can be purchased, sold, or exchanged just like a cryptocurrency. However, each NFT is unique and cannot be duplicated, unlike other cryptocurrencies.

Q: How can I buy an NFT?

A: You can buy an NFT on an exchange like Coinbase or Binance. Alternatively, you can find them for sale on platforms like OpenSea or Decentraland.

Q: Are NFTs a good investment?

A: That depends. Like any investment, there’s always a risk involved. However, if you do your research and invest carefully, you could make a profit.

Q: How do I store my NFTs?

A: You can store your NFTs on a platform like Ethereum or Waves. Alternatively, you can use a software wallet like MetaMask or Trust Wallet.

Q: What’s the difference between an NFT and a cryptocurrency?

A: Cryptocurrencies are digital assets that can be bought, sold, or traded. However, each cryptocurrency is identical to the next, meaning they can be replicated. NFTs are also digital assets that can be bought, sold, or traded. But unlike cryptocurrencies, each NFT is unique and can’t be replicated.

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Cryptocurrency is a digital payment system, with no banks involved in checking transactions. It is a peer-to-peer system that allows any user, anywhere, to send and receive payments.

In the first half of 2021, there have been developments that indicate the acceptance of bitcoin as an alternative asset class. For example, Tesla made a cryptocurrency transaction, buying $1.5 billion in bitcoins in February and selling 10% of the digital coins at the end of March. The automaker managed to record a profit of $101 million, and thanks to this, broke the record revenue for the first quarter.

Major U.S. investment banks have also begun to use bitcoin. For example, JPMorgan recently announced plans to create the first actively managed bitcoin fund. And Goldman Sachs promised its clients the opportunity to invest in cryptocurrencies in the second quarter of this year.

Why cryptocurrency is so interesting

The emergence of a new asset class can be compared to the emergence of the Internet and its subsequent role in the economy. Blockchain technology and the cryptocurrency market have enormous potential to impact the global economy, and it can be completely unexpected.

Blockchain and cryptocurrency involve transactions between counterparties without the intervention of any third party. Cryptocurrency transactions do not require an intermediary, unlike traditional money, transactions are decentralized.

The economy as a whole, built on the principle of intermediation, may change when the need for intermediaries, in particular banks that authenticate transactions and are their guarantors, will be reduced. That cryptocurrencies are not linked to the dollar and become a new opportunity for market participants to conduct transactions regardless of U.S. economic policy, allowing for more international transactions.

In today’s world of restrictions and sanctions, cryptocurrencies have opened a second wind. The use of digital assets to circumvent various prohibitions is both good news when it comes to over-regulation of cross-border payment procedures and bad news, because cryptocurrencies can be used for tax evasion, money laundering and terrorist financing, according to some experts. It is important to understand that cryptocurrencies are just a tool; they are neither good nor bad in themselves.

It all depends on in whose hands and for what purposes it is used. Banning cryptocurrencies is like banning knives, because a maniac can use them to stab someone to death. The fact that billions of other people use knives to cook their food doesn’t count? Why should everyone suffer because of one lousy sheep in the herd,” the expert stressed.

How is cryptocurrency applied?

Cryptocurrencies are processed in a distributed public registry – a blockchain, where records of all transactions are kept and updated by holders of the currency.

Cryptocurrency units (coins) are created through the process of mining. This is a process in which computer processing power is used to solve complex mathematical problems, resulting in the generation of coins. Users can also buy currency from brokers and then store and spend it using crypto wallets.

Cryptocurrency is not a tangible object; it is a key that allows a record or unit to be moved from one person to another without a trusted third party.

Bitcoin has been around since 2009, but in financial terms, cryptocurrencies and the use of blockchain technology are still in their infancy; they are expected to develop rapidly in the future. In the future, cryptocurrencies can be used in trading stocks, bonds and other financial assets.

New articles and videos are constantly appearing in the media about how important cryptocurrency will be in the future. This is a good thing, and one industry in which the use of cryptocurrency is average is the casino industry.

There are many who prefer to play their favorite games online, and to do so, you must first make a deposit. Today, there are many online casinos that allow their customers to make deposits and withdrawals using cryptocurrency.

What cryptocurrency has the power to influence

Some cryptocurrencies will indeed have an increasing impact on financial markets. “Blue chips” will enter the legal economic field and get the green light from regulators. The other part of digital assets will not be able to go public, but they will remain workable, as governments themselves need tools to circumvent international laws.

Cryptocurrencies are processed in a distributed public registry, a blockchain, where records of all transactions are kept and updated by the holders of the currency.

Cryptocurrencies and traditional financial markets will begin to penetrate each other. Tokenized traditional stocks are already appearing on crypto exchanges, and stocks of cryptocurrency companies and funds investing in cryptocurrency are appearing on traditional exchanges.

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Reasons for the changes in the cryptocurrency market

One of them is the extraordinary activity of Ilon Musk, who declared that bitcoin is toxic to the environment. You probably know that most of the mining is concentrated in China, whose economy is heavily dependent on coal. And coal is at the top of the list to be phased out by the eco-conscious countries of the world. Musk’s statement was followed by an informal ban on selling Tesla for bitcoins.

There is a possibility that Elon made all these verbal interventions under pressure from institutional investors and financial regulators. It looks like this is just the beginning of harsh crackdowns proposed in the hope of driving cryptocurrencies into the regulatory realm, but bitcoin has been proving for years that it’s quite willing to withstand the blows and respond with new rounds of growth.

But there is good news: PayPal announced that in the near future its users can easily withdraw their assets to third-party crypto wallets, and this news must have come very much to the hearts of online casino lovers, as today gaming industry is trying to adapt to market conditions and give its customers everything they want, and the number of people willing to bet on sports and play online casinos using cryptocurrencies is increasing every day. In addition, U.S. banks are now allowed to hold crypto assets of legal entities. The condition is one – companies need to work within U.S. law, and banks and financial institutions must comply with all laws and audit digital coins for origin. Analysts have also noted an increase in interest specifically in secondary currencies. Answering the question of what cryptocurrencies to invest in, now investors are considering investments in second-tier coins and withdraw funds from the top altcoins to more risky projects. Such are the times!

Which cryptocurrencies to look more closely at

Experts warn about the high risk of investing in altcoins. All talk about bitcoin prevailing over the nearest top altcoins. The capitalization of the main cryptocurrency is higher than the rest of the market and it is unknown where all this will lead. But analysts also note that now the market is not a bad situation for buying alternative coins with good growth points.

Solana (SOL).

Quite good, and, according to analysts, promising token project Solana – SOL. The project builds a blockchain for DEFI and smart contracts. It will be such an alternative decentralized platform with a well-functioning ecosystem.

Ether (ETH).

The next non-obvious candidate for a major token is good old Etherium. Another hardfork, Ethereum London, is scheduled for July. In the process, the new protocol will be comprehensively studied. Experts suggest that the cryptocurrency is sure to go up on such positive news. But also the opportunity to take the coin at the minimum values can also bring additional profits to the investor.

Binance (BNB)

The token of the specialized cryptocurrency exchange Binance – BNB has been rising against bitcoin for several weeks this spring, and in general has been in a general trend since 2018. Soon the coin will reach local peaks and will try, having strengthened there, to storm new heights.

Moreover, the exchange Binance is preparing for the launch of the NFT-marketplace. This is a breakthrough event not only in the local niche, but in the whole marketplace cryptocurrency space, because the fees in the marketplace will clearly be lower than those inside the Ethereum ecosystem.

So is it worth investing in the cryptocurrency marketplace

First, you need to understand that only free funds can be invested, not borrowed money. Second, an investor needs to consider both the strengths and weaknesses of cryptocurrency assets in order to make an informed decision that is not based on emotions and opinions of the crowd.

The advantages of investing in cryptocurrency include:

• High returns. Despite the volatility, cryptocurrencies fundamentally grow in value and allow you to really multiply your starting capital.
• Low costs. Due to its openness and decentralization, the cryptocurrency market does not have a cumbersome infrastructure of intermediaries. Therefore, commission costs are minimal compared to more traditional investment instruments, such as stocks or bonds.
• Ease of purchase. While an individual must purchase securities through a licensed intermediary, cryptocurrencies can be purchased in a variety of ways.
• Low inflation risk. Whereas the national currency can be printed in huge quantities at any time by the government, this trick does not work with digital money. The blockchain system reliably protects crypto from inflation.
• A low entry threshold. You don’t need a large sum of money to buy tokens. Even a few hundred rubles will allow you to buy altcoins.
• Elimination of counterfeiting. Digital currency, unlike fiat money, is impossible to counterfeit.
• The ability to remain anonymous. During transactions there is no need to disclose your personal data.

But it is worth realizing that the purchase of any financial asset involves risks. Cryptocurrency is no exception.

The post What changes have occurred in the cryptocurrency market appeared first on Prime-Chain-Tech.

The Bank of France settled digital bonds issued by the European Investment Bank on the Ethereum blockchain in the national digital currency (CBDC). According to the regulator, this was technically implemented by creating smart contracts in the blockchain to issue and control the circulation of digital euro tokens.

The transfer of CBDC occurred simultaneously with the delivery of digital securities to the bank and to investors’ portfolios. The Bank of France plans to conduct additional experiments in the coming months to evaluate other ways of using the nation’s digital currency in interbank settlements.

The issue of digital bonds worth 100 million euros by the European Investment Bank on the Ethereum blockchain became known on April 28. The sale of securities was managed by Goldman Sachs, Banco Santander and Societe Generale.

The European Investment Bank is a state financial and credit institution of the European Union, the authorized capital of which is formed by contributions of the member countries of the association.

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Authorities in the Republic of San Marino have passed a “decree-law” that will allow digital vaccination passports against coronavirus to be issued to residents. The passports will be created in the form of non-exchangeable tokens (NFTs) on the publicly available VeChain blockchain and will be linked to the holder’s medical history. The blockchain company DNV was San Marino’s technical partner.

The digital vaccination passports will contain two QR codes for data verification:

The first QR code complies with European Union requirements and can be verified by organizations operating in its territory;
The second QR code can be checked by anyone and anywhere. Scanning the QR code gives access to a web application where the validity of the certificate can be verified by linking it to an NFT token.

“Anyone can verify the certificate without having to download a specific app. The use of the VeChain blockchain and non-transferable token (NFT) technology increases confidence in the authenticity of information, reducing the risk of forgery,” said Renato Grottola, DNV’s director of development and innovation.

NFT tokens are unique and indivisible. Such tokens are used to prove ownership of an object and cannot be replaced without the owner’s consent.

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Ripple announced a partnership agreement with the National Bank of Egypt (NBE). Through the RippleNet global payment network, the bank has gained direct access to financial services provider LuLu International Exchange, which is based in the United Arab Emirates. This will allow NBE to process cross-border payments from the UAE.

According to a World Bank study, Egypt received $24 billion in international remittances in 2020 thanks to a large diaspora of migrant workers in the Persian Gulf, making it one of the world’s top five remittance recipients after China, India, Mexico and the Philippines.

The National Bank of Egypt is the largest Egyptian bank and was founded in 1898. NBE has 540 branches across the country.

The RippleNet system allows banks to make cross-border money transfers almost instantly and at minimal cost. There is now a lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). The financial regulator is accusing Ripple of illegally selling $1.3 billion in securities under the guise of XRP tokens.

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Since the advent of bitcoin twelve years ago, the cryptocurrency has failed to meet its key objective of becoming a convenient and accessible tool for the average user. The only proven achievement has been easy access to exchanges and trading. It is still easier to buy goods and services with fiat, and the technological stack behind blockchain projects is still of interest only to specialists.

At the time Telegram Open Network (TON) was announced, Telegram was already one of the most popular messengers in the world, with sufficient potential to introduce new features, including those related to cryptocurrencies. A large part of the audience was already familiar with digital currencies – the messenger was the main platform for communication and distribution of news on crypto, attracting users around the world with its anonymity and security. The launch of the platform’s own token could allow the project to become the flagship of the entire crypto industry. And this was understood not only by the Durov brothers, but also by investors.

Fundraising from qualified investors, which took place in two stages in 2018, brought a record $1.7 billion to the project, becoming the second-largest initial coin offering in modern history – EOS is still in first place with $4 billion. Over 170 companies and private investors invested their money in the project. But there were also skeptics who questioned the feasibility of the project. Facebook’s Libra, conceptually very similar to the Durovs’ project, could not overcome resistance and was frozen. Under such circumstances, the skepticism was understandable.

Gram, a native TON token, was supposed to be a decentralized bitcoin-like digital asset – the lack of a centralized governing body would not allow regulators or any government to set the rules of the game. In the fall of 2019, GRAM was to launch a new economy where goods and services are paid for in cryptocurrency.

On October 11, 2019, the U.S. Securities and Exchange Commission (SEC) issued a press release demanding a halt to the planned distribution of GRAM tokens to investors under the Securities Act of 1933. After a mutual exchange of documents, the GRAM hearing was postponed until February 20, and the coins themselves were banned from distribution. The launch of the Telegram Open Network was pushed back to April 2020.

From October 2019 to May 2020, Telegram sought various ways out of the situation, trying various options. For example, it was proposed to distribute tokens to non-U.S. investors, but the SEC could not convince it to lift the bans. Neither the SEC, nor the courts could prohibit the launch of the decentralized project, but the flagship project – the messenger Telegram – could be threatened.

Throughout the process, the TON test network worked, and its technological base continued to evolve. A key feature of the network’s design is smart contracts, which can be executed in parallel thanks to multithreading. If we think of blockchain as a store, the previous generation’s representatives are small retail outlets with a single cash register. The more customers, the longer the queue and the longer the service time. Next-generation blockchain adjusts to the load, opening new cash desks as the number of customers increases. And this is the architecture TON is built on. Presenting blockchain as the hypermarket of the future is perhaps somewhat ironic, but very revealing.

TON’s technology base has attracted not only investors, but also independent developers who understand the potential and prospects of interacting with blockchain. One such company was TON Labs, which has been involved in Ethereum network solutions for many years. The accumulated experience said that there was an urgent need to create an operating system that would allow for convenient communication with blockchain and efficient development of its ecosystem.

However, the regulator has its own criteria for evaluation, so as a result of months of pressure from the SEC, the Durovs were forced to abandon further implementation of their project in the spring of 20. Thanks to the fact that the project was initially created with open source code, anyone who wished to continue its development. And there were those who wished to do so.

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