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06/07/2022

📊 Profit from deposit plans.

06/06/2022

📈 Bermuda confirms crypto hub ambitions despite market downturn
💭 «We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub, ” said Bermuda’s minister of economy and labor, Jason Hayward.

✅ The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022.

➡️ The small island territory known for its pristine pink sand beaches and attractive taxation policies has been actively expanding its crypto sector since 2017, according to Bermuda’s minister of economy and labor, Jason Hayward.

➡️ He noted on June 3 that the government remains unfazed by the recent crash caused by the collapse of the Terra ecosystem in May, as the market has weathered many storms since 2017.

➡️ Speaking with the Wall Street Journal (WSJ), Hayward pointed to the experience of the economy and local regulators in dealing with foreign business as a key factor that will help Bermuda become a crypto hub. He also bullishly stated that the crash will not hamper its plans moving forward:

💭 «We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub.»
«This industry downturn is likely to advance our goal and positively impact our long-term growth and role in this sector, ” he added.

➡️ So far the Bermuda Monetary Authority (BMA) has granted a total of 14 licenses for crypto firms to operate out of the British island territory, with four of those being approved in 2022, noted Crag Swan, chief executive of the BMA.

➡️ The total list includes companies such as multi-asset-class trading firm Class T, crypto exchange Bittrex Global, USD Coin (USDC) issuers Circle Internet Financial Ltd., and crypto interest account providers BlockFi, who obtained a license in January earlier this year.

06/04/2022

🔥 11% of US insurers invest — or are interested in investing — in crypto
💭 Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies.

➡️ United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios.

🤔 The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding that 11% of U.S. insurance firms indicated either an interest in investing or a current investment in crypto.

🗣 Speaking on the company’s Exchanges at Goldman Sachs podcast on Tuesday, Goldman Sachs global head of insurance asset management Mike Siegel said he was surprised to get any result:

💭 «We surveyed for the first time on crypto, which I thought would get no respondents, but I was surprised. A good 6% of the industry respondents indicated that they’re either invested in crypto or considering investing in crypto.»
Asia-based insurers were next in line, with 6% interested or currently invested, and European insurers came in at only 1%.

➡️ The report found cryptocurrencies were in fifth place for the asset class insurers expect to deliver the highest returns over the next 12 months, with 6% ranking it as their first choice, beating United States and European equities.

📊 Around 2% of firms indicated a current crypto investment, and while it’s a small number of firms indicating investment or interest, Goldman Sachs analysts wrote that this level of interest «is still notable.»

06/03/2022

Dear partners!

We are pleased to inform you that video materials in all languages are now available on the official Youtube channel of our company. This is done for the convenience of your work and a better explanation of the work and goals of our company.
Videos are now available in the following languages:

1. English 🇬🇧
2. Italian 🇮🇹
3. French 🇫🇷
4. Vietnamese 🇻🇳
5. Turkish 🇹🇷
6. Chinese 🇨🇳
7. Spanish 🇪🇸
8. Persian 🇮🇷
9. Portuguese 🇵🇹
10. Indonesian 🇮🇩
11. Korean 🇰🇷
12. Arabic 🇦🇪
13. Japanese 🇯🇵
14. German 🇩🇪

We are happy to develop together with you.
BitFleex — Achieve more!

06/02/2022

🤔 South Korean government becomes an early investor in metaverse
🇰🇷 South Korea’s rising interest in nascent tech could prompt other nations to take up the idea of metaverse more seriously.

💭 South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects.

➡️ The decision to invest in the nascent metaverse tech makes South Korea one of the first national governments to do so. The investment came under the ‘Digital New Deal’ program set up to invest in emerging technologies.

➡️ The program is headed by the country’s science and information and communication technologies ministry led by Lim Hyesook. Hyesook called the metaverse «an uncharted digital continent with indefinite potential, ” indicating the government’s interest in taking lead in the metaverse tech.

➡️ The national fund would be first utilized to build a metropolitan level metaverse platform that would allow citizens to access various government schemes and services virtually, reported CNBC.

✅ The South Korean government’s investment in metaverse projects could prompt other nations to follow the suit.

💭 The reports about the South Korean government’s rising interest in the metaverse first came in February when two major retailers launched metaverse and artificial intelligence integration for their platforms to enhance customer experience.

06/01/2022

🤔 Some members are exploring the idea of suspending ’s participation in the alliance’s oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, the Journal reported.

⬛ «Exempting Russia from its oil-production targets could potentially pave the way for Saudi Arabia, the United Arab Emirates and other producers in the Organization of the Petroleum Exporting Countries to pump significantly more crude, something that the U.S. and nations have pressed them to do as the invasion of sent prices soaring above $100 a barrel, ”

05/30/2022

🚀 Investors dumping on Terra as LUNA 2 tanks 70% in two days
🗣 «Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance, ” said Lark Davis.

➡️ The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28.

📃 Under the revival plan of Terraform Labs founder Do Kwon, new LUNA tokens, also referred to as LUNA 2, are being airdropped to investors that previously held Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST).

💭 According to data from CoinGecko, LUNA has dropped roughly 69% since its opening of $18.87 on Saturday to sit at around $5.71 at the time of writing.

💭 At this stage, the sharp plummet seems to suggest a relative lack of faith in Do Kwon’s revamp moving forward, with many investors indicating on Twitter that they are instead looking to recover a small portion of their previously lost capital and wipe their hands clean of the project.

🚀 Binance is set to begin a multi-year distribution of LUNA to eligible users starting from May 31, along with listing the token for trading via its Innovation Zone, a dedicated trading zone for volatile and high-risk assets.

💭 Some people in the community who have outlined plans to eventually purchase LUNA once the carnage is over such as «lurkaroundfind» have predicted further bloodshed once the Binance drop goes live.

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