A 60-something was recently arrested in Dublin, Ireland for her alleged involvement in a €1 million ($1.1 million ) crypto scam.  According to a report by DublinLive, the woman was arrested on suspicion of scamming an investor out of €1 million in a plot involving cryptoassets. The unnamed suspect is reportedly being held in detention […]

  By FintechNews staff Apple is introducing a new feature that will allow businesses to accept credit card and digital payments with just a tap on their iPhones, bypassing hardware systems such as Block  Square terminals. In order to accept payments on an iPhone today, merchants need to use payment terminals that plug in or […]

The post Apple to turn iPhones into payment terminals appeared first on Fintech News.

Seoul, Korea, Feb 11, 2022 - (ACN Newswire) - Recently, Tower Finance is proud to announce the Launch of its Algorithmic Stablecoin. Algorithm-based stablecoins are new variants of cryptocurrency tailored for offering improved price stability. In the current market today, more and more users have taken interest, as it can also help in balancing the supply and demand of the asset in circulation.

Algorithmic Stablecoin Protocol, developed by Tower Finance, looks to offer considerably improved capital efficiency in comparison to collateralized stablecoins.

What is Tower Finance?

The Tower Finance is a Fractional-Algorithmic Stablecoin, soft-pegged to the U.S. Dollar, built on the Polygon network. The protocol plans to maintain TWR price stability by storing sufficient collateral in the time locked-smart contracts. The USDC is deposited into the protocol when a user mints TWR token, while the CUBE token, which is used for minting, is burned. When the user redeems TWR tokens, the protocol pays back USDC and mints the required amount of CUBE tokens. This allows arbitrageurs to help maintain price stability.

Aiming to solve the 'Stablecoin trilemma'

Tower Finance aims to provide a solution for the so-called 'Stablecoin trilemma' of decentralization, capital efficiency, and price stability by introducing TWR, its fractional-collateralized algorithmic stablecoin. Tower Finance aims to build an ecosystem that incorporates both collateral and high capital efficiency, hence developing stability.

By implementing a floating collateralization ratio, TWR not only maintains its peg in the most efficient manner possible, but it also captures value for CUBE holders and produces yield for its community of holders.

Implementing DeFi 2.0 through Protocol Owned Liquidity and Protocol Rented Liquidity

Tower Finance is the first algorithmic stablecoin protocol to adopt the 'Protocol Owned Liquidity' model introduced by OlympusDAO. While the structure is different, the underlying idea is similar. The protocol charges a penalty to users who terminate the vesting terms for the farming rewards. When this happens, the protocol uses 2/3 of the collected penalty for providing liquidity. Half of it is converted to USDC and used to provide liquidity. The leftover, which amounts to 1/3 of the collected penalty, is sent to the Profit Manager.

When TWR is minted with USDC and CUBE, the protocol doesn't immediately burn CUBE. Instead, 50% of CUBE is sold to temporarily create a CUBE-USDC LP to provide additional liquidity. We call this 'Protocol Rented Liquidity', because the meant-to-be-burnt tokens are borrowed for a short period of time to add liquidity to Tower's ecosystem until it is removed via governance decisions, in which case, the USDC is converted into CUBE and burned.

With a commitment for long-term sustainability yet a market fit, ultra high-yield/yield enhancement go-to-market strategy, it is perfectly destined to pave the way for stablecoin protocols in the era of DeFi 2.0

Tower Finance officially launches on Valentine's Day: 14^th of Feb, 6:00am UTC.

https://medium.com/@tower_finance/calling-all-towerians-the-time-has-come-2fa7fe9a24fc

Social Links
Twitter: https://twitter.com/tower_finance
Discord: https://discord.com/invite/KVTe6hRZK8
Medium: https://medium.com/@tower_finance
Github: https://github.com/towerfinance

Media Contact
Brand: Tower Finance
Contact Jeremy Parker, Head of Marketing
E-mail: [email protected]
Website: https://towerfinance.io/

SOURCE: Tower Finance

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

The facility would be able to host over 150,000 of Bitmain’s bitcoin mining rigs.

PayPal brought aboard specialists to establish a crypto advisory council

The post The Latest in Crypto Hiring: PayPal, Crypto.com Add to Digital Assets Headcount appeared first on Blockworks.

The post Will This Motion By Ripple Compel The SEC To Mend Its Ways? Is XRP Up For Another 15% Correction? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The world of cryptocurrencies has been witnessing a myriad of events. Which have been insinuating of a major turn about in the industry’s stance. Consecutively, Ripple’s brawl against the misconduct of the SEC in its lawsuit, has come across another motion. That has caught sight of the intellects, who have been following up with the …

StoneX Group Inc, a financial services firm specializing in securities and commodities trading, announced on Thursday that its subsidiary business based in London, StoneX Financial Ltd ('SFL'), has...

CYBERJAYA, MALAYSIA, Feb 11, 2022 - (ACN Newswire) - A Letter of Demand has been issued on behalf of Bestinet Sdn Bhd ("Bestinet" or the "Company") and Dato' Sri Mohd Amin Abdul Nor ("Dato Sri' Mohd Amin") to an independent online news portal and two individuals for an online article that appeared on the website of the news portal dated 4 February 2022 containing defamatory statements.

The Letter of Demand noted that the content of the defamatory statements is malicious, untrue and unjustifiable. The defamatory statements are an attack on the integrity and reputation of the Company and Dato Sri' Mohd Amin, who have been brought into public scandal, ridicule and contempt.

Bestinet and Dato' Sri Mohd Amin are prepared to withhold civil action if the independent online news portal and the two individuals refrain from the actions as set in the Letter of Demand.

The Company and Dato' Sri Mohd Amin in the meantime reserve their rights and interest at law.

Fintan Ng
Tel: +60 12-233 6986
Email: [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comA Letter of Demand has been issued on behalf of Bestinet Sdn Bhd ("Bestinet" or the "Company") and Dato' Sri Mohd Amin Abdul Nor ("Dato Sri' Mohd Amin") to an independent online news portal and two individuals for an online article that appeared on the website of the news portal dated 4 February 2022 containing defamatory statements.

DUBAI, Feb 11, 2022 - (ACN Newswire) - In a move that is sure to excite finance-sector watchers the world over, General Dr. Uthai Shinawatra has taken an appointment to serve as the honorable advisor for Capital Trust Group Limited (CTG). General Dr. Uthai, the Former Deputy Permanent Secretary of Defense and Former Advisor to the Minister of the Interior of Thailand will thus grant CTG use of his signature on a "Certificate of Performance" for the Bitcoin Fund and Bluechip Stock Trading Challenges. These challenges, directed at 1.8 billion millennials around the world, and focusing especially on 400 million Chinese students, represent a major step forward for CTG.
For his part, General Dr. Uthai will strictly limit the issuance number of the Certificates of Performance to 100 million, receiving compensation of $5 for each certificate with a maximum compensation of $500 million total per year over a 4-year period.

The Certificate of Performance signed-and-approved by General Dr. Uthai will be awarded to all Trader Applicants who participate in each trading challenge organized by Fortius Capital Foundation and promoted by Crypto Promoters whose trading accounts from each trading challenge have been profitable.

Each of 30,000 trading challenges will be promoted by Licensed Crypto Promoters (entrepreneurs who sign up for the Dubai Crypto Unicorn Accelerator Project to launch their own Bitcoin Funds and Bluechip Stock Trading Challenges earned from application fee and trade copying fee). There will also be a $39 fee per online issuance, except for the top three performers at each trading challenge. This is, appropriately, a way to recognize the most outstanding traders, while also including and encouraging all traders.

In addition to supporting the Certificates of Performance for the Bitcoin Fund and Bluechip Stock Trading Challenges, General Dr. Uthai's digital signature will also appear on a "Certificate of Training" issued as part of a universally accessible, zero-tuition online course. The course, "How to Build an Investment Portfolio like Billionaires," will walk students through some of the strategies favored by world-renowned financiers such as Chris Horn, Jim Simons, Ken Griffin, Steven Cohen, and Chase Coleman, experts whose assets under management total more than $500 billion.

Byung Jun Chun, UN Peace Ambassador, and Advisor to CTG have explained that this initiative will be a life-changer for many. In his own words: "Today, most of the 400 million Chinese students don't have live experience trading bluechip stocks on major US stock exchanges, so we are delighted to partner with promoters through our online Bitcoin ETF x Blue-Chip Stocks Trading Challenge via live accounts. At the same time, we will be providing education on how to build investment portfolios like George Soros, Temasek Holding, AIA Group, or Yale University. This can potentially help change the students' mindsets forever."

For General Dr. Uthai, these initiatives seem appropriate, given his ongoing support of financial literacy education for the youth. He has spoken in the past about reducing global poverty by teaching more young people about finance. Long-term, General Dr. Uthai believes, programs such as this can enhance the Thai economy, increasing the standard of living within the country by improving product distribution and attracting new investments.

Mr. Jose Rivera Olalquiaga, Chairman of Fortius Capital Foundation, the Dubai-based Project license holder, has said of the working relationship, "We are proud to have General Uthai Shinawatra contribute his reputation to fully promote our Dubai Crypto Unicorn Accelerator Project. This project is not only potentially helping General Uthai to become the second billionaire from the Shinawatra family, but also helping Thailand to have a sustainable distribution channel of local Thai SME products representing more than 40% of Thailand's GDP."

To learn more about the free portfolio-building course, visit: www.fortiuscapitalfoundation.com/freecourse today.

https://fortiuscapital.medium.com/general-dr-uthai-shinawatra-signals-intent-to-sign-2-billion-deal-90658e224b61

Contact Info:
Name: Karen Farias
Phone number: +971503120199
Email: [email protected]

SOURCE: Fortius Capital Foundation

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comIn a move that is sure to excite finance-sector watchers the world over, General Dr. Uthai Shinawatra has taken an appointment to serve as the honorable advisor for Capital Trust Group Limited (CTG).

Singapore, Feb 11, 2022 - (ACN Newswire) - The year 2021 can be termed as one of "Resurgence". Lives, businesses all saw a resurgence to some extent, even as Covid-19 continued to ravage many economies and livelihoods. If the year 2020 was when organisations began their internal digital transformation journey, in 2021- forward thinking companies turned their attention to integrate and digitalise external business processes.

Digital consumption is now an ingrained way of life in Southeast Asia. Early adopters have expanded usage--pre-pandemic users are consuming four more digital services than they did before 2020 and the 60 million consumers who joined since the pandemic started are here to stay, with nine in 10 consumers who tried a new digital service in 2020 are continued using that service in 2021, according to a Bain, Google & Temasek report.

From mom-and-pop stores who had reservations in adoption e-commerce to larger companies enabling millions of their workforce to work remotely, a positive evolution is underway as companies and their stakeholders find new ways of connecting, collaborating and keeping in pace with their evolving needs.

This massive digitalisation has fuelled the need for data centres. The data center market in Southeast Asia is growing significantly, with multiple investments in Singapore, Indonesia, Malaysia, Vietnam, Philippines and Thailand. Southeast Asia is among the fastest-growing digital markets worldwide. The internet usage and social media trends have increased the demand for faster internet networks and data centers to store data generated by them.

The internet penetration is one of the strongest drivers for the data center market in Southeast Asia. Moreover, social media usage among consumers and digital transformation by enterprises across industry verticals are other major factors promoting data center growth. The investments are growing significantly across Singapore, Indonesia, Malaysia, Vietnam, Cambodia, and Thailand. In 2020, Equinix, Digital Realty, NTT Global Data Centers, Space DC & GIC, ST Telemedia Global Data Centres, DTP, and DCI Indonesia were major investors in the Southeast Asia data center market.

Looking ahead to 2022 and beyond, new questions arise as millions of users from Brisbane to Batam embrace IoT, AI, and 5G. How can we store this data sustainably? Are there vulnerabilities in endpoint security still to account for? How can SME's leverage cloud technology as effectively as enterprises?

Simply put, it is time to get together and talk about the future of the Cloud & IT industries in this region. And so, W.Media has come back with Digital Week: Southeast Asia, after a hugely successful 2021 edition.

The 2nd Edition of Digital Week with an enhanced Hybrid format brings the best knowledge sharing and quality networking experience in South East Asia.

Our SEA Digital Week 2022 is back on the 9th-11th March with a hybrid style that combines both an insightful digital experience with global speakers and valuable in-person networking opportunities that we've been missing during the pandemic. As part of our upcoming Digital Week, we will focus on the markets of Southeast Asia where they will highlight different market insights and trends of the cloud, data center and the IT industry, as well as discuss with the experts about the current updates of this ecosystem.

Experience the best of both worlds - choose to participate in either the digital or on site events or even both! Anticipate a return of 2500+ Cloud and Datacenter professionals across the region online and on site.

For more information, visit https://w.media/sea-digital-week-2022/.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe year 2021 can be termed as one of "Resurgence". Lives, businesses all saw a resurgence to some extent, even as Covid-19 continued to ravage many economies and livelihoods

Applus+, global testing, inspection and certification company, is pleased to announce the acquisition of a leading provider of product cybersecurity certification services based in North America.

(PRWeb February 11, 2022)

Read the full story at https://www.prweb.com/releases/2022/2/prweb18491853.htm

According to crypto analyst Nicholas Merten, corporate investment in the crypto markets may be the catalyst that propels Bitcoin (BTC), Ethereum (ETH), and the rest of the crypto markets out of their current slump. The DataDash host tells his 508,000 YouTube subscribers in a new video that corporate treasurers will save the crypto markets sooner than many expect. He said: “Corporate treasurers… could be the catalyst that carries us out of this recent correction that we’ve had in December and January. I do believe we are going to see it faster than we may expect.” Corporate Treasures are Picky About Their Investments When it comes to entry points, corporate treasurers are pickier than regular investors, according to Merten. According to the analyst, with crypto markets trading at a significant discount to all-time highs, huge corporate players may be trying to diversify into the young space. He said:  “Corporate treasurers are not going to buy at new all-time highs. They buy when assets are at discounts. They rotate assets in their balance sheet, whether it’s up, you know, just basically cash, buying it on a discount, or maybe, for example, their equity plays have been doing really well, and now, they’re going to lock in some of those gains and rotate to fixed income assets like bonds or treasuries. Or into a new asset class, like cryptocurrencies. That’s how a corporate treasurer thinks. They do not buy at peaks in price, they buy at discounts when no one else is willing to buy because they know that it’s just like shopping – it’s going out and finding things that you like at a discount.” According to the expert, KPMG Canada’s recent addition of Bitcoin and Ethereum to their balance sheet is quite significant. According to Merten, the Big 4 accounting firm’s choice could create a precedent for other corporate behemoths to follow suit. He also stated:  “That is a major move for crypto assets… To have a traditional company like KPMG now starting to showcase that they believe that Bitcoin and Ethereum are tokens worth putting on their balance sheet…..”  The company’s decision to buy crypto in Canada could be because the country’s legislative structure is more favorable to the asset class and related goods than the United States. KPMG has recently expanded its operations to embrace new technologies and financial services. It already has a division that deals with crypto assets and blockchain technology. Its US office is in charge of auditing MicroStrategy Incorporated (MSTR), a software company with the largest cryptocurrency holdings among publicly traded businesses.

The post Analyst Nicholas Merten Says Corporations Will Enter Crypto Markets Soon appeared first on Cryptoknowmics-Crypto News and Media Platform.