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Nhi Nash Holdings, Inc – Creates Positive Disruptions With

New York, NY, July 22, 2022 (GLOBE NEWSWIRE) — “NHI NASH HOLDINGS INC” (NHI) The Parent Company based in NY, has launched “NASH GOLD LLC” & “NASH GOLD” coins (NGC) a future valued digital coin and has merged with Geoffrey Williams of “Daltok GP Capital, LLC” with expanding “Daltok-Nash co-GP Fund”.  The fund risk strategies require approval by the U.S. Federal Reserve Board as planned. Having multiple Positive Disruptions that are unique and will make optimistic impacts. View at:  www.nashholdingsinc.com and www.nashcoins.net 

About NASH GOLD, LLC & NASH GOLD Digital Coin ICO: Nash Gold LLC is the management of our digital coin. Nash Gold LLC is a subsidiary of NHI Nash Holdings, Inc. the parent Company.  

NHI has devised an incredible multipronged digital currency strategy plan. Foreseeing a revolutionary blockchain digital economy and a unique distinctive planned ICO (initial coin offering).  The digital coins are branded simply Nash Gold Coins (NGC) and “Nash Gold Stable Coins” (NGSC). Tapping into the 2.1 quadrillion Tech market of the Global Token Exchange, with anticipation NGC, an offering exclusively designed for convenience and participation of the global users. Creating an unshakeable multi-force that will positively impact the financial world. 

NGC and the co-GP Fund creates many “positive disruptions” with the ICO algorithm mind and mining profit formulas based on Austrian Economics with strict adherence to methodological individualism. Before listing NGC on trusted exchanges  the Company is offering direct discount option via Operating Ownership Agreements starting at one cent/penny for upto 250 million NGCs in the first bracket. These NGCs may be transferred to the public market exchanges or remain in the NGC Back Force Mind & Mining profit plan with three other options to increase value and later can be transferred to the trusted public market exchanges if one chooses.

NGC coin owners will transact, earn, and participate in the trusted vast pool of the growing tokenization economy. Utilizing the NHI computer science team that NGCs will enable the user with foolproof tools for their success by investing in NGC. Navigating the “Global ICO Exchange Market” NGC is surefire the user will change their financial destiny anticipated by means of NGC ownership anticipated for a long time. Both NGC and NGSC are the products of years of research with NHI financial and crypto economy specialists. View at www.nashcoins.net 

Enjoying an exclusive trusted blockchain technology, all the transactions of the NGCs and NGSCs will be settled and processed in its secondary layer and unique lightning-fast network throughout the NHI International Banking Network to come. New compliance by the U.S. FED with its launch of  www.iso20022.org this year, added strict regulations to assist world citizens to a fair digital asset playing field and stand against the BAD ACTORS getting away with crypto scams for too long.  We are in full support with the U.S. FED, U.S. SEC, SWIFT.com, Central Banks, etc.  With NHI plans for valuation, utilities, management and a new computer science department, thus exposing the NGC owners to anticipated profits. It is why NHI are in a work horse mode and NHI team is a force. NGC includes an international affilate plan for worldwide affiliates that want to join and succeed with NHI, earning NGC rewards and other bonuses.
Developing a designated trusted blockchain and market disrupter archetype, our anticipated NGSC will become a Seigniorage stable coin. Backed by the hardest dualistic asset portfolio in its first layer that gains its value subjectively by the community of its users’ and their equitable value-perception, using market information at each spot to access the value of portfolio value of the bilateral hard trusted money assets pegged to, rather than sheer speculations-inflationary malfunctions of profiteers-abusers and BAD ACTORS. NHI support all governments that are assisting to protect its citizens assets via U.S. FED ISO20022. 

NHI has recently merged with one of the highest grade institutional sector of Wall street funds, “Daltok-Nash co-GP Fund” with the required U.S. FED approvals for its synthetic risk transfer strategies as planned. Creating positive disruption like no other fund in the high grade institutional sector. Another positive disruption is allowing small to large investors inside the fund as a co-GP Partner, via  Nash GP Capital LLC. NHI anticipates to transfer some of our future NGC and NGSC assets to increase our corporate stake inside the Daltok-Nash co-GP fund and next co-GP fund Nash Gold LLC co-GP Fund Q4 2022.  Administration of our Funds co-GP side are in-house as well as management fo a fund of funds. All assets are required to be held in a top 10 U.S. Institutional Bank for custodial purposes compliant to the U.S. FED, NHI utilizes Morgan Stanley Investment Bank for this purpose. All assets are transparent to the U.S. FED through our back office.  NHI Funds will show any business owners how they can increase their revenues with the structured private equity fund plans of the highest-grade institutional fund sector.

Owning the fund together as a group our co-GP Partners together can anticipate to share in large structural fee returns of the fund planned at 5X to 10X ROI in a 5-year lockup with quarterly distributions and 5-year renewals. NGC owners can also enter the co-GP Funds which is another NHI positive disruption and brings additional future value to NGC digital coin.

About NASH HOLDINGS INC ( NHI ):At NHI, the company pursues a serious vision to make the world a better place to live and work. NHI anticipates a new Gold Investment Program worldwide with Indonesian Royals with plans started in spring of 2022 and may become another digital coin as well.  NHI in the past was one of the first companies in the nation to file with the U.S. Congressional JOBS ACT filed with the U.S. SEC but, expired-withdrew its filing in 2022. NHI is a past 2012-2015 Featured Gold Member Company with Corporate Responsibility Association (CRA) and  Commit!Forum, events, with Fortune 500 CEO’s held in past years at the NYSE EURONEXT & NASDAQ  including “Closing Bell Ceremonies” on the trading floor. NHI is registered with START-UP in NY State with NY JOBS NOW. NHI stands against crime, bad actors, discrimination of any form and has a respected reputation and track record of assisting in conviction of Bad Actors.


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‘Fraudsters swindle crores in name of cryptocurrency investment’: Police

crypto scam

Photo : iStock

Hyderabad: Regardless of several initiatives and precautionary measures being taken to crack down the cases of cyber-crimes, cryptocurrency investments, there have been at least 20 cases of fraud in the name of cryptocurrency investment under the Hyderabad City Police limits in 2022 alone.
In October-November 2021, there were 15 complaints across the three commissionerates of Hyderabad, Rachakonda and Cyberabad, with the complainants losing around Rs 9 crore in just one month. There was also one suicide reported in Suryapet — a man killed himself after losing Rs 70 lakh after investing in crypto, Telangana Today reported. The amount lost by the victims varies from Rs 10 lakh to Rs 1 crore.

According to police, the fraudsters adopt two modus operandi — one in which they ask investors to purchase and transfer cryptocurrency to an account, the other in which they are asked to send money to a company account that is a fictitious one. The victim’s e-wallet shows a huge profit balance, but when they try to withdraw it, the fraudsters charge them a commission of 35 per cent, which is again a trick to extort money.

“Fraudsters are collecting random mobile phone numbers and adding them to WhatsApp groups. A fictitious group chat is created to convince the victims about the huge profits that can be earned on investments in the crypto market,” a senior Hyderabad Cybercrime official said.

“Inquiries in various complaints have revealed that the fraudsters are mostly foreign nationals based in some far-off country. In such scenarios, recovering money becomes difficult,” the official said.

Is Global Regulation Of Crypto The Way Forward  The Urban Debate
Is Global Regulation Of Crypto The Way Forward? | The Urban Debate


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This cryptocurrency exchange has sacked 27% of workforce amid market volatility

As this cryptocurrency exchange-turned-investment platform attempts to weather a bout of market volatility and declining asset values, it is laying off nearly a third of its workers.

As a part of cost-cutting measures announced in response to the shaky market climate, Peter Thiel-backed Bitpanda GmbH would trim headcount from over 1,000 to roughly 730. The largest cryptocurrency, Bitcoin, has lost roughly 70% of its value since hitting an all-time high in November.

“We need to make fundamental changes in how we operate and sharpen our focus by getting back to the basics,” Bitpanda said in a letter to employees posted on its website. The company said it will focus on “safety and compliance, user experience, education and community, while deprioritizing everything else.”

The employment cuts follow similar ones made across the industry, notably at BlockFi Inc., Gemini Trust Co., and Coinbase Global Inc. When the Vienna-based business raised $263 million in August, it included funding from Thiel’s Valar Ventures, billionaire investor Alan Howard, and REDO Ventures, valuing it at $4.1 billion.

In light of the hazy future, Bitpanda stated that it was attempting to maintain its financial stability and wanted to continue being self-funded.

“There’s lots of uncertainty in the financial markets right now and, while we do know that the industry is cyclical, nobody knows when the market sentiment will change.”

According to a blog post published this week, Indian cryptocurrency exchange CoinDCX has banned crypto deposits and withdrawals for a number of users due to compliance, risk, and monitoring needs.

CoinDCX has been bolstering its compliance and risk structure in response to stricter criteria for offering seamless rupee deposits and withdrawals.

“This was done in a series of steps, including improving KYC coverage, enhancing the risk framework for crypto deposit & withdrawal, and integrating with compliance and monitoring tools like Coinfirm, Solidus Labs, Signzy, Digilocker, etc., over the last six months. Over the past month, we have been gradually restricting crypto deposits & withdrawals for multiple users,” it added.

Every user must complete their KYC on CoinDCX’s platform, according to the company’s explanation. Cryptocurrency withdrawals & deposits are still by default disabled for everyone. To enable crypto deposits and withdrawals, one must adhere to an enhanced due diligence procedure. The same policy will be made public in the upcoming 14 days.

The worldwide crypto market slump has left the Indian web3 industry on edge, and businesses are becoming cautious when it comes to hiring. While local cryptocurrency exchanges insist they won’t be laying off employees, unlike US-based cryptocurrency exchange Coinbase, at least four top executives indicated the sector is reevaluating its employment plans for the year.

Executives claim that cryptocurrency companies keep a sizable portion of their treasury in cryptocurrencies, which have lost value as a result of the market slump. Additionally, businesses that rely on venture capital will need to think about their runways during the downturn.

(With agency inputs)

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Young Malaysian investors unfazed by cryptocurrency crash

PETALING JAYA: The crash of cryptocurrency and the bearish crypto market serves as no dampener for young investors who are willing to hold on to their digital investment assets.

Anthony Pang, a 30-year-old forex trader who invested in several cryptocurrencies said he was aware of the current bear market.

“But now, I’m letting it hold,” said Pang.

However, Pang was optimistic, as most of his investment is placed on forex trading, and cryptocurrency only comprises less than 30% of his investment portfolio.

“I only consider it a loss if I cash out in this bear market,” said Pang, who did not disclose the amount his assets have dropped in value.

Pang, who has been dabbling in cryptocurrency investments since 2020, advised youths not to invest everything into cryptocurrency.

“Invest only the money you can afford to lose,” said Pang, who is also a freelance model.

Bitcoin made global headlines when it crashed to below US$24,000 (RM106130.40), which is the lowest level since 2020.

This comes as part of a series of price crashes for the cryptocurrency, which has seen a more than 60% drop in value over the last seven months.

It was also reported that global market capitalisation shrunk by 12% to US$970bil (RM4.29 trillion) on Monday (June 13).

Bitcoin day trader Muhamad Al Hafiz Hambali, 35, said that he does not feel anxious about the unpredictability of cryptocurrencies as he is well aware of the risk.

“I have spent almost RM10,000 in less than a year. Now we are facing a ‘minor hiccup’ and I believe the situation will return to normal soon,” said the trader, who is a father of two.

He added he got into cryptocurrency by chance and picked it from videos he watched on YouTube.

“I find it very interesting and initially I made a lot of money,” he said, adding that it helped to cover some of his family expenses.

He hoped that authorities would take measures to raise awareness on the issue in order to make it more mainstream and accessible to more people.

Jeffrey Halley, who works in online forex trading, said cryptocurrencies were slumping along with other asset classes as high inflation in the United States raised concerns that the US Federal Reserve would embark on a more aggressive interest rate hikes and other central banks in the world may also do the same.

“It has been exacerbated by liquidity issues and crypto-lender Celcius stopping depositors from getting their money back,” said Halley, OANDA’s senior market analyst for Asia Pacific.

He was referring to Celsius Network freezing withdrawals, swaps and transfers.

“Well, cryptocurrencies and their spectacular rally are perhaps the most strident example of speculative excess that occurred as central banks slashed rates to 0% and qualitatively eased over the pandemic.

“Now that inflation is entrenched for the first time in 20 plus years, and central banks globally are tightening monetary policy, cryptos, like equities, are facing a reckoning over their true valuations as interest rates rise,” he said.

Naturally, there’s a lot of fear in the market with panic sellers reacting aggressively to market conditions, he added.

“Speculators are being hit the hardest naturally and much like in 2017, you will see many such participants exit the market with the remaining projects and investors building to the next cycle,” he said.

Meanwhile, George Wong, of Access Blockchain Association Malaysia, said the slump was due to a combination of factors and US inflation rates, the US stock market as well as the major issue caused by Celsius all had a role to play.

Access Blockchain Association Malaysia is a non-profit organisation specialising in blockchain development and cryptocurrencies.

However, Wong said that the drop has been cyclical and it is not the first time such a slump has occurred.

“Like mentioned, it happened in 2017 and you’ll see it happening again in the next cycle. I expect the speculators to exit, like I mentioned and the fundamentally strong projects to continue building in the market. Bitcoin, to me, will continue to be a store of value although I do see other cryptocurrencies slowly gaining dominance as Bitcoin is certainly an ageing tech having been the first in the market,” added the subcommittee chairperson for NFTs and Metaverses over at Access Blockchain Association Malaysia.

On whether more people are disposing of their holdings due to the tough economic times, he said this boils down to market sentiment and people may be trying to preserve their wealth and are taking steps to cut their losses in the face of such an aggressive downtrend.

“Many forget that many millionaires were made in the rally not too long ago and there was a lot of easy money being spent particularly in NFTs (non-fungible tokens).

“I can’t exactly say which assets are hit the hardest as this has yet to be seen. I do not think we have seen the bottom in the overall market, not just crypto, and which is the hardest hit has yet to be seen.

“I personally think commodities will be the most robust within these 1-2 years for obvious reasons but it’s hard to predict if you’ve seen the bottom of cryptos yet,” he added.

Wong advised investors to not rush into any buying decisions right now as many things seem cheap and the market could plunge deeper. He went on to add that reacting “too quickly” may also result in major short-term and even mid-term losses.

“It’s important to practice a bit of prudence in the current market climate. Cash is really king as opportunities may arise in such a crisis and if anything, there are plenty of options in the market.

Fundamentally strong companies or projects are particularly viable at this point in time and they’re easier to identify as the scam or speculative projects are exiting the market aggressively,” he said.




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$1 billion has been lost in cryptocurrency scams since 2021, FTC warns | News

(CNN) — Cryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says.

The FTC rang the alarm bells on Friday, saying crypto-related crimes amount to about one out of every four dollars reported lost to fraud — more than any other payment method. The median individual reported loss was $2,600.

The vast majority of those who reported being bilked used Bitcoin to pay scammers, at 70%, followed by Tether and Ether. The victims typically are part of a younger age group — those aged 25-40 are three times as likely to lose money due to fraud.

Crypto scams are becoming increasingly popular, shooting up 60 times higher than in 2018. It has all the elements that give scammers an advantage — no bank to flag suspicious transactions, irreversible transfers and novice investors that are often largely unfamiliar with how crypto works.

The FTC’s warning comes at a volatile time in the crypto market. Since Bitcoin hit its peak of $69,000 in November, it’s lost more than half its value as investors have pulled out of riskier assets due to rising interest rates.

Nearly half of those who reported losing money to a crypto scam in 2021 said they were lured in through an online post or social media message. More than half of the posts were seen on Facebook or Instagram.

Fake investment opportunities were behind $575 million of all crypto losses reported to the FTC, far more than any other fraud type.

“The stories people share about these scams describe a perfect storm: false promises of easy money paired with people’s limited crypto understanding and experience,” the FTC report said.

In February, a federal grand jury in San Diego indicted the founder of BitConnect for allegedly orchestrating a $2.4 billion global Ponzi scheme. The founder was accused of misleading investors about the cryptocurrency’s “lending program,” claiming the company’s proprietary technology would bring substantive returns to investors by tracking cryptocurrency exchange markets.

And in May, the CEO of Mining Capital Coin was indicted for “allegedly orchestrating a $62 million global investment fraud scheme” that promised sizable returns from mining new cryptocurrencies.

In both cases, scammers promised substantial returns to their investors, but instead pocketed the money into their own crypto wallets.

Last month, the SEC announced it was hiring more than a dozen new employees to combat cryptocurrency fraud.

The FTC said there are steps to take to avoid getting scammed. The first is to steer clear of anyone who promises guaranteed returns.

“No cryptocurrency investment is ever guaranteed to make money, let alone big money,” the FTC said. A legitimate investment also will never require you to buy cryptocurrency, the FTC said.

Romance scams also play a role in this kind of fraud — with a median individual reported crypto loss of $10,000. The FTC also warned not to mix online dating and investment advice.

“If a new love interest wants to show you how to invest in crypto, or asks you to send them crypto, that’s a scam,” the FTC said.


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Fidelity’s cryptocurrency based unit to double down on hiring this year

Fidelity Investments’ digital assets arm will double down on hiring this year as it looks to beef up its resources to serve clients who want to invest in crypto assets that trade round the clock.

Fidelity Digital Assets, which currently employs nearly 200 people, is looking to fill 210 new positions in client services, technology and operations that would also focus on assets beyond bitcoin, a company spokesperson told Reuters on Tuesday.

“As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” Tom Jessop, president of Fidelity Digital Assets, said. Last month, Fidelity Investments became the first major retirement plan provider to allow individuals to allocate part of their savings in bitcoin through their 401(k) investment plans.

News of the hiring comes weeks after cryptocurrencies suffered a major pullback following the collapse of stablecoin terraUSD. Stablecoins are digital tokens pegged to the value of traditional assets. Bitcoin was last trading at $31,594, down more than half from its all-time high of $69,000 in November.

The digital currency market rout hasn’t deterred private investments, with Hong Kong-based crypto lender and asset manager Babel Finance raising $80 million at a $2 billion valuation last week, while venture capital giant Andreessen Horowitz raised $4.5 billion for its fourth cryptocurrency fund.




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Siam Commercial Bank Public : Token X appointed as ICO portal







Token X appointed as ICO portal provider for Y.S.S.P. Aggregate, with a joint study on investment token feasibility underway to support EEC economic and industrial growth

Token X Co., Ltd., a subsidiary under SCBX Group is actively providing total digital token solutions, including an initial coin offering (ICO) portal. The company has been appointed as the ICO portal provider for Y.S.S.P. Aggregate Co., Ltd., an operator of water resource development and management for the industrial sector. The partnership will focus on a joint study on investment token feasibility for water management projects for industrial estates to support economic and industrial growth in the Eastern Economic Corridor (EEC) and to explore business growth opportunities through investment innovations that are primarily based on blockchain technology and digital tokens.

Token X’s Chief Executive Officer, Ms. Jittinun Chatsiharach said, “The initial coin offering (ICO) portal business is a key business driver that will allow SCBX to achieve its mothership strategy of paving the way for the future financial world. As an ICO portal provider, we hope to offer new alternatives for effective fund raising for digital token issuers. Access to fund sourcing is essential for exponential business growth. Businesses are likely to increasingly turn to fund raising via digital tokens in the future because they help unlock the potential of assets with low liquidity that has been restricted by the traditional fundraising approach amid the current economic situation.”

“We are delighted and honored that Y.S.S.P. Aggregate Co., Ltd. has appointed Token X as the company’s ICO portal provider, and we will jointly study the feasibility of investment token issuance. As the ICO portal provider, Token X is committed to deploying our potential, capability, knowledge, and expertise with digital tokens and our experience in blockchain technology in developing new and effective fundraising approaches for Y.S.S.P. Aggregate to help the company find new growth patterns and investors through a more diverse range of investment alternatives.” Ms. Chatsiharach added.

Y.S.S.P. Aggregate Chief Executive Officer Mr. Yutthachai Phukhanthasom said, “We have inked the appointment of Token X as the company’s ICO portal provider to study investment tokens to support economic and industrial growth in the Eastern Economic Corridor (EEC). Y.S.S.P. Aggregate is a well-established and strong partnership of stone, soil, and sand mining concession businesses in Chonburi and Rayong. Thanks to our extensive water resource network, we understand water resources in this area very well and have strong water management skills. Our personnel and advisory teams are equipped with experience and expertise in water production and distribution for both the public and private sectors. The company’s shareholding structure includes Thai Polycons PCL, which supports our construction work, and other strategic partners to help strengthen our capital. We are confident in taking an active part in water management to support economic and industrial growth in the EEC following the government’s strategy.”

“As for our partnership with Token X as our ICO portal provider, Token X will help advise on organizing the business structure and review project plans to ensure regulatory compliance with Securities and Exchange Commission (SEC) requirements to boost the company’s business opportunities and growth potential.” Mr. Phukhanthasom added.

About Token X

Token X Co., Ltd. is an SCBX Group subsidiary pursuing its aspiration of becoming a “Tokenization Success Partner.” The company is equipped with capable teams and personnel ready to offer total digital token solutions and initial coin offering (ICO) portals. For more information, visit www.tokenx.finance or www.facebook.com/tokenx.th, or contact contact@tokenx.finance

About Y.S.S.P. Aggregate Co., Ltd.

Y.S.S.P. Aggregate Co., Ltd. is an operator of water source development and management for the industrial sector to effectively support industrial growth in the Eastern Economic Corridor (EEC). For more information, visit www.yssp-group.com or contact contact@yssp-group.com

Disclaimer

SCB – Siam Commercial Bank pcl published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 04:09:08 UTC.

Publicnow 2022

All news about THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED

Sales 2022 151 B
4 433 M
4 433 M
Net income 2022 40 509 M
1 188 M
1 188 M
Net Debt 2022

P/E ratio 2022 9,41x
Yield 2022 4,22%
Capitalization 379 B
11 111 M
11 111 M
Capi. / Sales 2022 2,51x
Capi. / Sales 2023 2,41x
Nbr of Employees 25 953
Free-Float 99,0%

Chart THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED

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The Siam Commercial Bank Public Company Limited Technical Analysis Chart | MarketScreener



Income Statement Evolution

Sell

Buy

Mean consensus BUY
Number of Analysts 19
Last Close Price 112,50 THB
Average target price 145,11 THB
Spread / Average Target 29,0%



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Many put faith in cryptocurrency but crash could lead to regulation and new consumer protections

Max Moulder is doing whatever he can to make ends meet.

He’s taken a shot at being an Uber driver.

He’s drawing on his life-long trade of cutting and selling gemstones.

But odd jobs are not earning him enough to keep up with the growing cost of living.

“I’ve done gemstone cutting and trading for a long, long time — since I was 10 years old — that’s not paid off for me,” he said.

“It’s very difficult doing Uber driving with the cost of petrol. That’s not working. And I can’t do cabinet making anymore. So I’m running out of options really.”

In his mind, there’s just one option left: to invest in crypto.

A Caucasian male, wearing a blue polo shirt, looking at the camera.
Max Moulder bought cryptocurrency in the hope its value will rise.(ABC News)

“I feel like I’ve been forced into this,” he told ABC News.

Mr Moulder only started investing three weeks ago when the market tanked. He’s put in $1,000 so far and is willing to invest a lot more.

His view is that he’s buying cheap and so “it can only go upwards from here”.

It is faith, rather than investment fundamentals, that has left Mr Moulder, and millions of other investors around the world, either already suffering or being vulnerable to massive losses.

One in nine Australians bought crypto in the past year

Consumer advocacy group Choice has found that one in nine Australians have bought cryptocurrencies in the past year and that number is expected to keep rising.

Half of them see crypto as a long-term investment, rather than short term speculation and two in five see it as a diversification of their portfolio.

Patrick at his computer at his work office.
Choice’s Patrick Veyret says more consumer protections are needed.  (ABC News: John Gunn)

“People have really been harmed, and the system is really rigged against consumers,” said Patrick Veyret, senior policy adviser for consumer group CHOICE.

“And that’s why we’re calling for stronger consumer protections and strong obligations on cryptocurrency exchanges.”

Since November (when Bitcoin hit a record high of $US69,000), about $US1.5 trillion has been wiped off the value of the entire cryptocurrency market. That’s more than half its value erased in just six months.

Posted , updated 


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Terra Luna 2.0: How backers of the project want to revive the failed cryptocurrency

After a spectacular crash, Terra is receiving a new breath of life with the Luna rebirth. But what will a revival of the failed cryptocurrency look like?

Backers of Terra voted to revive the failed cryptocurrency – but it will not be the same as it once was. The plan is to bring Luna back without the element that caused the crushing fall of the cryptocurrency two weeks ago – its stablecoin, UST.

“Terra 2.0 is coming,” the company wrote on Twitter on Wednesday.

“With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community.”

What will the new Terra look like?

According to Terra, Terra 2.0 will “effectively create a new Terra chain without the algorithmic stablecoin.”

“The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). The chain upgrade will commence a few hours after the Launch snapshot,” Terra announced on Twitter.

The new Terra, set to launch on May 27, will effectively create a new blockchain associated with the Luna token. The old Luna will be replaced by Luna 2.0, completely severing ties with the failed stablecoin.

But the old Luna will not disappear completely, it will simply co-exist with the new and improved Luna 2.0. Holders of the old Luna, now renamed Classic, and UST will be given part of the 1 billion new tokens.

Luna holders will receive about 35 per cent of all new tokens, 10 per cent will go to those who held UST before the collapse of the cryptocurrency, 25 per cent will go to traders who still own Luna and UST after the crash and 30 per cent will go to a pool of Luna investors.

Terra will become a completely community-owned chain.

Is this going to work?

After the massive Luna crash, the cryptocurrency market was deeply shaken by the loss of $60 billion. And yet, it appears investors are intrigued by the Luna rebirth. Luna surged more than 20 per cent on Wednesday after Terra’s announcement, according to data by CoinGecko. Even UST was up over 50 per cent.

Getting rid of the stablecoin that made Luna crash in the first place could increase the possibility of the new crypto being successful, but anything goes in this volatile crypto market.


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Intelly to launch blockchain integrated real estate investment platform

Intelly, a London-based company that combines real estate investment with blockchain technology, has announced that it is all set to launch its highly anticipated property investment platform in July 2022. Once the platform is online, it will allow investors from all over the world to participate in both residential and commercial real-estate deals worldwide.

Ismet Tasceken, CEO and Founder of Intelly, says that by combining their years of experience in the global real estate sector with a deep-rooted understanding of blockchain technology, Intelly has built a platform that will resolve several issues related to property investment.

The decision was made amid Intelly’s successful initial coin offering (ICO) in January 2022, which introduced its native token. Furthermore, the INTL token, which will be significant to the platform, will be launched on decentralized exchange by year-end.

As the real estate investments are generally carried out domestically, investors often ignore lucrative cross-border opportunities. However, regulations regarding property purchase vary from country to country therefore investors are bound to hire brokers and lawyers easily facilitate the process. Intelly’s platform will eliminate these extra measures and costs, said Tasceken.

Moreover, with Intelly’s experience and deep knowledge of the real estate industry, users are assured to get most fruitful opportunities from across the world. Although the payments for such big purchases require several days to settle, Intelly’s easy-to-navigate interface will allow investors to make their investments quick and easy.

To validate this, Tasceken explained that for instance a real-estate investment worth $100 million can be fractionized into 100 thousand fragments of equal value. These fragments float on the platform as liquid assets and are open to potential investors or property buyers.

Fractionalization of real estate is a key offering of Intelly’s platform. With this feature, investments can be made anywhere for just 0.1 percent of the total value of the asset. Fractionalization of huge investment allows investors to access much smaller ticket sizes.

Source Credit: https://www.businesswire.com/news/home/20220524005789/en/FinTech-Firm-Intelly-to-Unveil-Blockchain-Based-Property-Investment-Platform-in-July


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