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02/18/2022

Believe you can and you are halfway there

The Financial Stability Board (FSB), a global financial authority funded by the Bank for International Settlements, has ...
02/16/2022

The Financial Stability Board (FSB), a global financial authority funded by the Bank for International Settlements, has released a new report on the financial stability risks associated with cryptocurrencies.

Published on Wednesday, the 30-page study details a number of financial risks related to various types of cryptocurrencies as well as the industry sectors, including private digital assets like Bitcoin (BTC), stablecoins like Tether (USDT) and decentralized finance (DeFi).

Global financial regulators said digital assets could soon threaten global financial stability due to their scale, struc...
02/16/2022

Global financial regulators said digital assets could soon threaten global financial stability due to their scale, structural vulnerabilities and increasing interconnectedness with the traditional financial system.

Areas of concern include the use of leverage, technological fragilities and liquidity shortages, according to a report Wednesday by the Financial Stability Board. The report also noted concerns such as low levels of investor and consumer understanding of cryptoassets, plus risks of money laundering, cyber-crime and ransomware.

The rapid evolution and international nature of such assets means authorities should consider “timely and preemptive evaluation of possible policy responses,” the report said. That includes prioritizing cross-border and cross-sectoral cooperation, including speedier information sharing in order to keep pace with crypto-asset developments.

Shumo, a deflationary token built on the Ethereum blockchain, is making waves in the crypto space having launched its to...
02/16/2022

Shumo, a deflationary token built on the Ethereum blockchain, is making waves in the crypto space having launched its token. Within a few days of launch, it has received noticeable volume without kick-starting its marketing.

Shumo intends to solve the problem of sustainability by generating its own revenue and holders share 100% of the profits.

Buybacks and Burns

Shumo offers periodic buybacks and burns to ensure its supply remains deflationary, importantly, token holders can vote on important issues, trade, and farm tokens. Although the project is in its infancy stage, CEO Caesar, believes that everything is geared towards Shumo becoming a household name in the cryptocurrency industry.

Features of the Shumo Eternal Empire Fund

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