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Olive-oil manufacturer makes history with on-chain bond issuance on Obligate
TL;DR Breakdown Lamar Olive Oil makes history by issuing an on-chain bond on the Obligate DeFi platform using the EUROe stablecoin, becoming the first sustainable-agriculture company to do so. Obligate facilitates the first bond issuance without banks involved on the Polygon blockchain, with Muff Trading AG serving as the issuer. The adoption of blockchain technology in the bond market by companies like Lamar Olive Oil and the growing appeal of platforms like Obligate and Polygon showcase the increasing potential of decentralized finance (DeFi) in offering efficient and inclusive financing solutions. Lamar Olive Oil, a French company in the sustainable-agriculture industry, has achieved a significant milestone by issuing an on-chain bond using Obligate, a decentralized finance (DeFi) platform. This groundbreaking move marks the first bond issuance denominated in Membrane Finance’s EUROe, the only EU-regulated crypto stablecoin. Credora, Obligate’s credit rating partner, conducted the credit evaluation and risk monitoring processes. Advancing sustainable agriculture with on-chain bonds Obligate, built on the Polygon blockchain, is revolutionizing the way small and medium-sized enterprises (SMEs) access funding by providing a secure and transparent platform for issuing,…
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Cardano Price Prediction 2023-2032: Is ADA a good investment?
Contents hide 1 Cardano Price Predictions 2023-2032 2 How much is ADA worth? 3 Cardano price analysis: ADA shows a bearish trend at $0.3651 4 Cardano Price Prediction 2023-2032 4.1 Cardano ADA Price Prediction 2023 4.2 Cardano ADA Coin Price Prediction 2024 4.3 Cardano Price Prediction 2025 4.4 Cardano Price Prediction 2026 4.5 Cardano Price Prediction 2027 4.6 Cardano Price Prediction 2028 4.7 Cardano Price Prediction 2030 4.8 Cardano Price Prediction 2031 4.9 Cardano Price Prediction 2032 5 Cardano Overview 6 Cardano Price History 7 Recent News/Opinions on the Cardano Network 8 More on the Cardano (ADA) Ecosystem 8.1 Cardano accelerating in NFT space 8.2 Cardano Compatible Wallets 9 Conclusion Cardano Price Predictions 2023-2032 Cardano Price Prediction 2023 – up to $0.55 Cardano Price Prediction 2026 – up to $1.24 Cardano Price Prediction 2029 – up to $3.61 Cardano Price Prediction 2032 – up to $16.95 Yet again, the crypto market is toiling in the abyss of uncertainty following the runoff on the FTX cryptocurrency exchange and the failed attempt of a takeover by Binance. The entire fiasco started after…
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The easiest way to earn CAKE, by far!
TL;DR Breakdown Pancake (CAKE) has launched Pancake Protectors, a program designed to provide enhanced benefits and perks for the PancakeSwap community, specifically for Pancake Squads and Bunnies. Pancake Squads are groups of users actively contributing to the PancakeSwap ecosystem with benefits such as access to exclusive pools, early access to new features, and potential CAKE token rewards. Pancake (CAKE) has been made more accessible to investors in the following ways. The entity has introduced Pancake Protectors. Pancake Protectors, powered by the PvP GameFi protocol Mobox, immerses players in thrilling missions where the strategic placement of hero towers is vital. The addition of CAKE, PancakeSwap’s native token, distinguishes this edition. This integration enables players to use CAKE tokens within the game to receive prizes while playing. Contents hide 1 CAKE new earning dimensions – Learn and apply 2 Here is how to use CAKE in Pancake Protectors 2.1 1. By accelerating recharge rate and level up progress 2.2 2. By claiming CAKE heroes 2.3 3. Earn CAKE by unlocking level fund, battle pass and privilege card 2.4 4. By purchasing gold…
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Gate.io addresses insolvency rumors amid multichain issues
TL;DR Breakdown Gate.io has addressed several rumors making the rounds about the company going insolvent. The company says it is focused on its expansion plans. Gate.io, a prominent cryptocurrency exchange, has responded to rumors circulating about its alleged insolvency, emphasizing that its operations are functioning well. The company also revealed its intention to establish a related trading platform named Gate.HK in Hong Kong. Gate.io clears insolvency rumors Speculation regarding Gate.io’s financial stability arose in the wake of events associated with Multichain, a blockchain protocol. On May 24, blockchain analytics firm Arkham Intelligence published data revealing substantial inflows of the MULTI token into Gate.io. Arkham claimed that these inflows were linked to rumors circulating about the Multichain protocol’s team supposedly being arrested in Shanghai. In response to concerns related to Multichain, Binance, another prominent cryptocurrency exchange, temporarily suspended deposits for several tokens relying on the Multichain protocol. This suspension affected bridged versions of tokens such as Polkastarter (POLS), Alpaca Finance (ALPACA), and Fantom (FTM). Binance cited delayed transactions and paused deposits temporarily while seeking clarification from Multichain. Further raising questions about…
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NVIDIA COMPUTEX 2023. keynote: Everything you need to know
TL;DR Breakdown NVIDIA CEO Jensen Huang unveils groundbreaking technologies at COMPUTEX 2023, focusing on accelerated computing and generative AI. Key announcements include the Grace Hopper computer bringing generative AI to data centers, the Spectrum-4 switch for enhanced ethernet capabilities, and advancements in gaming and virtual reality. NVIDIA’s innovations are set to transform industries with sustainable computing, driving energy efficiency and pushing the boundaries of AI-driven technologies. Jensen Huang, CEO of NVIDIA, took the stage at COMPUTEX 2023, captivating the audience with a highly anticipated keynote speech introducing a series of groundbreaking technologies to reshape the computing landscape. With a focus on accelerated computing and generative AI, Huang showcased NVIDIA’s latest innovations, demonstrating the company’s immense potential across various industries. AI’s transformative impact: From medical research to gaming In his keynote, Huang emphasized the transformative role of artificial intelligence (AI) across numerous fields, including medical research, virtual reality, and video games. NVIDIA’s integration of AI has revolutionized rendering and graphics capabilities, enabling unprecedented visual experiences that were once unimaginable. Notably, Huang announced the launch of the Grace Hopper computer, a powerful…
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TD Cowen shuts down its crypto unit
TL;DR Breakdown Investment bank TD Cowen has shut down the crypto unit of its firm. Challenges continue to linger in the crypto space. TD Cowen, the American independent investment bank, has announced the shutdown of its crypto unit, Cowen Digital, just over a year after its launch. The closure, effective June 1, comes without a clear explanation from the bank. Cowen Digital was established in March 2022 to offer institutional clients exposure to the cryptocurrency market, featuring 16 digital assets such as Bitcoin and Ethereum. The unit had plans to expand its services to include futures, derivatives, and decentralized finance. TD Cowen blames market uncertainty for the closure The closure of Cowen Digital follows a recent email circulating online, indicating the team’s termination and leaving approximately 10 employees without jobs. The email did not disclose the reasons behind the decision. The move is notable as Cowen bank itself had experienced changes in the past year, including its acquisition by TD Bank Group for $1.3 billion in August 2022, a deal finalized in March 2023. It is worth mentioning that TD…
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Aptos price analysis: Bulls prevail as APT sees an uptrend at $8.54
TL;DR Breakdown The Aptos price analysis is bullish today. The resistance for APT is present at $8.71. Support for APT/USD is found at $8.25. The Aptos price analysis for today reveals a bullish trend, as the asset’s value has witnessed an upward surge due to the continuous efforts exerted by the bulls. After a recent decline during a bearish market phase, the bulls managed to regain control following a correction observed yesterday, resulting in a significant price increase to $8.54. This positive momentum is likely to persist, with further price hikes expected in the hours ahead. APT/USD 1-day price chart: APT experiences a bullish rally The one-day Aptos price analysis indicates a positive trend for today, as the APT/USD value exhibits an upward trajectory, defying the bearish market conditions of the past. Buyers have seized control, resulting in a significant surge in the asset’s value over the last few hours. Currently, the coin is valued at $8.54. Although the gains may offset previous losses, it is anticipated that the upward trend will persist, leading to further gains in the near…
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Litecoin Price Prediction 2023-2032: Will LTC Price skyrocket?
Contents hide 1 How much is LTC worth? 2 Litecoin price analysis: LTC price extends bullish recovery from $90 3 Litecoin Price Predictions 2023-2032 3.1 Litecoin Price Prediction 2023 3.2 Litecoin Price Prediction 2024 3.3 LTC Price Forecast for 2025 3.4 Litecoin Price Prediction 2026 3.5 Litecoin Price Prediction 2027 3.6 Litecoin Price Prediction 2028 3.7 Litecoin Price Prediction 2029 3.8 Litecoin Price Forecast 2030 3.9 Litecoin (LTC) Price Prediction 2031 3.10 Litecoin Price Prediction 2032 4 Litecoin Overview 5 Litecoin Price History 6 Recent News/Opinions on LTC 7 More on the Litecoin Network 8 Conclusion Litecoin Price Prediction 2023-2032 LTC Price Prediction 2023 – up to $125.62 LTC Price Prediction 2026 – up to $427.13 LTC Price Prediction 2029 – up to $1,216.3 LTC Price Prediction 2032 – up to $3,638.68 BREAKING: Twitter to enable #crypto trading in partnership with eToro. Users searching using a $Cashtag symbol currently see live charts for a select few financial assets, like $LTC. Users will soon be able to click through to eToro & have the option to invest in #Litecoin. Is Litecoin…
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South American countries to back away from the USD
TL;DR Breakdown Brazilian President Luiz Inácio Lula da Silva has proposed a revival of the Union of South American Nations (Unasur) to strengthen regional economic integration. Lula urges the creation of regional monetary units, reducing reliance on external currencies like the US dollar. As the global economy continues its dance with uncertainty, South America is poised to carve its own financial destiny. Leading the charge is Brazilian President, Luiz Inácio Lula da Silva, who is calling upon regional counterparts to revitalize the Union of South American Nations (Unasur). The aim is to foster financial independence, creating regional monetary units that lessen the reliance on extra-regional currencies, such as the US dollar. A shared monetary vision In the inaugural speech at the South American summit held in Brazil, Lula emphasized the importance of collective strength in tackling modern geopolitical challenges and the intricacies of the global economy. He stressed the need to tap into South America’s shared identity and integrate it into the monetary arena. The proposed solution involves more efficient compensatory mechanisms and the conception of a common trade reference…
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Africa urged to ditch US dollar and pursue currency independence
TL;DR Breakdown Kenya’s President advocates for a Pan-African payments system, PAPSS, to reduce reliance on the US dollar. The PAPSS simplifies trade payments, reducing costs and intermediary institutions. Current dependence on the dollar causes issues, like inflated values and strained relationships. Africa finds itself at the crossroads of economic innovation and traditional practices, faced with the compelling need to reevaluate its dependence on the US dollar. Kenya’s President, William Ruto, steps into the spotlight with an ambitious proposal aimed at redefining how the continent conducts its trade – a proposal that places Africa’s economic future firmly in its own hands. Ruto Proposes Pan-African Payments and Settlement System Ruto’s vision centers around the Pan-African Payments and Settlement System (PAPSS), a financial initiative birthed in January 2022 by the African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat. With a strong endorsement from the African Union and central banks, this system represents an innovative approach to facilitating trade within the continent. At a forum on AfCFTA in Nairobi, Ruto extended a clarion call to fellow African leaders, appealing…