crisis

NEW APPEAL TO PROVIDE SUPPORT TO THOUSANDS OF ISRAELI CITIZENS FOLLOWING HAMAS ASSAULT

  Tel Aviv, New York & London; October 19, 2023: In the wake of the recent catastrophic and unprecedented attack that was launched at Israel by Hamas on and beyond October 7, Ahavat Yisroel Humanity Inc. has launched an urgent fundraising appeal in order to provide much-needed support and supplies to the thousands of Israeli citizens affected. The Israel Now, Israel Forever appeal is seeking donations to provide the many affected citizens with food, shelter, and urgent suppliers. The donations will be shared among four established and experienced relief organisations

Paribus. Seeking a Safe Haven.

In recent weeks, there have been systemic failures in the global financial system, particularly in the banking sector, causing people to question the legitimacy of information provided by regulators. Despite repeated assurances of robustness and security, people continued to withdraw their money from banks and invest in assets they could hold. Many of our community are familiar with the idea of “not your keys, not your crypto” after the failure of several protocols and investment funds. Just as these failures caused people to withdraw their crypto from exchanges and opt

Paribus: Next Steps

Now that our Mainnet V1 is live some people may be thinking that it’s time for the team to put their feet up and enjoy a well earned rest. They couldn’t be further from the truth. Rather than this huge milestone signifying the end, it marks the beginning of our main work. Over the coming weeks we’ll be continuing our marketing and development at pace. As we progress we’ll be sharing more details of the next features and iterations we’ll be adding to the protocol. When we launched on mainnet

Paribus. The Fragility of Finance.

Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

A DeFi Drought Crisis

Just when we thought it was safe to breathe a sigh of relief from all the crypto liquidity contagion, another one started to appear last week with BendDAO, an NFT borrowing, and lending platform. Due to structural faults in the way the protocol had been created there came a point when it was perched on the brink of insolvency. What we’ve witnessed over the past few months has been a clash between the overconfidence of some project founders and the realities of the emerging crypto market. It’s an unusual dynamic

Claim you $100k/year as Metaverse Ambassador, on Metabook

There is a huge skills gap on Metaverse market, Metabook – Plato DAO is to fill in collaboration with Meta Alliance. In 6 months of this year, according to McKinsey, $120B were invested in Metaverse market. Much more than in the first 6 year of the Internet! But the number of skilled specialists is stagnating. It means, each of them could increase the level of revenues. To fill in this gap and to serve thousands of big brands in need of metamarketing and guarantees of web3 development, Metabook – Plato

Beomni™ at Explorers Club Makes History! Beyond Imagination’s New Humanoid Robot Will Connect People Coast to Coast Physically.

Beomni is the world’s most sophisticated general-purpose humanoid robot, capable of performing an almost unlimited number of tasks. The robot is on display at the Explorers Club Headquarters this week in NYC. https://vimeo.com/691427676/244f601a71 April 2022, New York. Beyond Imagination, Inc. is building humanoid robots to solve the world’s labor crisis by expanding access to jobs around the globe. “We are thrilled to have been invited to demonstrate the advances we’ve made in Beomni’s development at the Explorers Club. Beomni will be a great vehicle for explorers on earth and beyond!

Crypto Investor News for 11/16

Your Crypto Rights (Binance): A manifesto for how the crypto industry needs to evolve, with a priority on your rights as an investor. Investor Takeaway: Binance, which makes up part of our Future Winners portfolio, is once again leading the charge with a future-focused take on crypto regulation. We agree with all ten points. Read them. A six-minute explainer video on DeFi, courtesy of Wall Street Journal.Investor takeaway: Remember, the platform that most DeFi is built upon is Ethereum, which is why we buy and hold ETH for the long

COMP’s incentive crisis and what lies ahead for alt’s price

The DeFi space has accelerated at a pretty good pace of late, despite some setbacks in the first half of the year. In 2021 alone, the ecosystem reported a growth rate of over 20x. A lot of upcoming protocols like Abracadabra have made star entries recently too. Even so, platforms like Maker, Aave, and Compound are ruling the roost, still maintaining their spot in the top five in terms of total value locked.  Maker and Aave have had their fair share of price pumps over the last couple of months. However,

Israel Beefing Up Crypto and Money Laundering Regulations

Israel’s Authority for Combating Terror Financing and Money Laundering has announced a tightening of regulations applying to the crypto and Fintech sectors.Sponsored Sponsored Israel is upping the ante in its fight against cryptocurrency crime. The Authority for Combating Terror Financing and Money Laundering announced via the authority director that new regulations have come into effect to combat criminal activity and normalize the use of cryptocurrency and other FinTech products. According to authority director Shlomit Wegman, the application of these regulations will help to establish order and clear standards.  The regulations

‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns of the Biggest Bubble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted cryptocurrency. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in

Compound liquidity miners possess less than 20% COMP tokens

According to a new study, one of the industry’s largest DeFi protocols is experiencing a motivational crisis.  Alex Kroeger, an Ethereum researcher, discovered in his paper that the majority of Compound’s liquidity miners have little to no financial interest in the protocol and do not engage in its governance. The analysis looked at the top 100 accounts by accrued COMP from liquidity mining in order to show that Compound’s liquidity mining needs to be fixed. The miners at compound aren’t holders Compound was one of the first protocols to implement