Chainlink investors were hopeful that February would turn the tide around for the market. Although that didn’t happen. Consequently, there was a high hope from March. However, investors were disappointed within the first five days of March as LINK invalidated all of February’s recovery. Chainlink wedged It’s been ten months now since Chainlink hit its […]

Key Takeaways MetaMask and OpenSea blocked multiple users in Iran and Venezuela this week. Infura inadvertently blocked some users in response to U.S. sanctions...

 
New York, March, 5, 2022. VIEWPARK's New York based virtual global media company in partnership with Misc. Labs announced its new off-ramp investment program for holders of crypto currencies into a portfolio of entertainment projects.

As the adoption and validation of the crypto and blockchain market widens and crypto currency holder's profits increase exponentially many crypto investors are looking for opportunities to off-ramp their sizable profits back into fiat investments but up to now very few are catering to the particular needs of the crypto investor. VIEWPARK GROUP has addressed this issue with its new off-ramp program which offers investors a platform for expediting investments into high end and unique entertainment and real estate projects coupled with a program for tax relief for off-ramping their crypto currency holdings.

VIEWPARK's CEO, Krysanne Katsoolis, comments, “our unique model for off-ramping our crypto clients came out of our direct experience dealing with an insatiable appetite of the crypto community to be involved with our one off experiences and projects coupled with a hesitation to off-ramp their crypto fortunes. Helping this community navigate the off-ramp and bringing them as investors into our projects has become a great win-win for both us both.”

“What I'm finding”, comments VIEWPARK GROUP's President of SOUNDPARK, Joseph Clarke, “is that there is a new category of investor who has made so much money in the crypto world that they want only the best and are only too eager to want to invest in our projects; after all, who doesn't want a private concert with Coldplay or Lil Nas X for instance. We can now provide these types of high-end opportunities to this category of investors with our off-ramp program.”

Miscellaneous Labs has developed high level strategic partnerships with blockchain CEO's and industry leaders as well as key academic institutions to stay up to date with the growing web3.0 market to capitalize on the limitless possibilities with this new technology. Comments Misc. Labs Founder, “The partnership with Krysanne and Joseph, who are at the top levels in their industries, has allowed us to expedite the immediate opportunities to off-ramp our investors into solid investment opportunities”.

VIEWPARK GROUP is able to receive investments in all currencies and recently established residency in the Prospera SEZ zone on the island of Roatan, Honduras, where it will be able to operate in a crypto friendly environment. The Group's real estate arm, Mr Clarke LLC, is already currently partnering with Prospera and Apolo construction to develop residential and hotel properties in the special economic zone.

ABOUT VIEWPARK GROUP
VIEWPARK GROUP is a media and technology investment company for a Web3 world. Its founder and CEO, Krysanne Katsoolis has led media ventures for more than 20 years curating and distributing content across all verticals. Katsoolis' experience includes building both private and public companies including spearheading a reverse merger onto NASDAQ.

Official Website: 
www.viewpark.co 

Changpeng Zhao (CZ), the founder and CEO of the world’s largest cryptocurrency exchange Binance, just called himself simply to be one of those crypto sales guys despite being the wealthiest crypto entrepreneur in the world, with a net worth of nearly $100 billion. I Get People to Buy Crypto in a Subtle Way: Changpeng Zhao In a latest tweet posted today, Binance CEO, Changpeng Zhao randomly stated that he is ‘one of those crypto sales guys.’ However, he clarified that he doesn’t just sell cryptocurrencies but gets people to buy them in a subtle way. I don't sell crypto. I just get more people to buy, in a subtle way. — CZ 🔶 Binance (@cz_binance) March 5, 2022 Perhaps his salesmanship skill is on point considering that Binance generated at least $20 billion of revenue last year, according to a Bloomberg analysis of its trading volume and fees in January. At the time, Binance disputed the accuracy of Bloomberg’s estimates of the firm’s market value to say ‘Crypto is still in its growth stage.’ In 2017, Zhao launched Binance which managed to raise nearly fifteen million dollars in an initial coin offering (ICO) that very year. In less than eight months, Zhao grew Binance to be the largest cryptocurrency exchange in the world by trading volume. One of the World’s Richest Billionaires As of January 2022, Bloomberg Billionaires Index estimated Zhao’s net worth somewhere near $100 billion making him to be one of the richest persons in Canada and the world’s 11th richest person. As a result, this brings him into a league of tech billionaires including Jeff Bezos, Elon Musk, and Mark Zukerberg among others. However, Zhao’s fortune could be significantly larger, as the wealth estimate doesn’t take into account his personal crypto holdings, which include Bitcoin and his firm’s own token BNB which surged roughly 1,300 per cent last year.

The post Changpeng Zhao Proclaims Himself to be a ‘Crypto Sales Guy’ appeared first on Cryptoknowmics-Crypto News and Media Platform.

Virginia’s Senate on Friday unanimously approved a bill that will allow banks in the state to provide crypto custody services, granted they have enough resources to manage the associated risk. The bill will go into effect once it is signed by Governor of Virginia Glenn Youngkin. The bill effectively allows banks to be able to

The post Breaking: U.S. State Virginia Will Allow Banks To Offer Crypto Custody Services appeared first on CoinGape.

Switzerland has taken a strong stance against Russians holding cryptocurrency within its borders and will freeze those assets.

Zambesi Gold has unveiled its token, dubbed ZGD. Following the launch of the token, Zambesi Gold ”boastfully claim’ that if ...

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JAKARTA, Mar 5, 2022 - (ACN Newswire) - President Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness.
On October 14, 2021, Jokowi stated that he was pleased to witness the clustering of container terminal operator and port development firm Pelindo into one holding, which was PT Pelabuhan Indonesia, to cuts logistics costs and helps improve connectivity throughout Indonesia.

According to Jokowi, the clustering forms into one great power, as it builds networking with partnerships abroad. "Through partnering with overseas companies who have networks, the (SOEs') link to all countries can become a huge power," the president remarked.

Through clustering, SOE companies have shown above-standard or even excellent work performance that has contributed significantly to the state budget.

According to data from the National Development Planning Board (Bappenas) in 2019, the estimated total budget for infrastructure development in the period of 2020-2024 was US$447 million or Rp6,445 trillion, and 21 percent of them came from or supported by SOEs.

In the third quarter of 2021, the total assets of SOEs reached some US$610.5 million or Rp8,767 trillion, equivalent to some 57 percent of Indonesia's GDP.

Moreover, in January - September 2021, the total consolidated revenues were closed at Rp1,613 trillion, or grew 14% compared to the same period in 2020.

One of the efforts to enhance state firms' performances is through clustering and restructuring.

Clustering efforts have been accomplished by reducing the number of SOEs from 107 to 41, and sector clustering from 27 to 12, where two deputy ministers each oversee six clusters.

Currently, there are 12 sectors that 41 SOEs engage in: energy, oil, and gas; mineral and coal; insurance and pension funds services; plantations and forestry; and telecommunications and media.

Additional industries include the food and fertilizer industry, tourism and supporting services, health industry, manufacturing industry, infrastructure, logistics, and financial services.

On February 18, 2022, SOEs Minister Erick Thohir announced that he would again downsize the number of state-owned enterprises from 41 to 37 in the next two years.

In addition, he expressed his hope that the next SOEs Minister can complete the reducing program to only 30 state-owned enterprises. With a roadmap for a ten-year period, he has targeted to make the scope of state firms more manageable.

So far, the ministry has encouraged and carried out the SOEs transformation through reducing companies that are considered too large in number, and focusing on inefficient business sectors.

Under his leadership, the transformation is focused on human capital through replacing underperforming board of directors with better ones, so many state-owned enterprises can generate profits for the state.

Through restructuring, holdings, mergers, and acquisitions, Thohir has made SOEs' work performances more efficient.

According to Thohir, the SOEs Ministry distinguishes the strategy of the three pharmaceutical SOEs, where Bio Farma focuses on vaccines, Kimia Farma is focused on chemicals, and Indofarma on herbs. Indonesia has extraordinary potential in the herbal sector, but it has not been explored, so the SOEs Ministry had tried to re-map the path in developing it.

"We know that we import 90 percent of the raw material for medicines, and even medical devices. The COVID-19 pandemic has woken us up that we need to create a roadmap for Kimia Farma to focus on chemicals and Indofarma to be positioned on herbs," he explained.

Thohir said that since health and energy are under the same SOEs ecosystem, a connection between sectors needs to be built.

On the other hand, oil and gas firm Pertamina has begun to build petrochemicals, and one of the derivatives of petrochemicals is to create paracetamol. If Pertamina is merged with a health state firm into one ecosystem, Indonesia would no longer need to import paracetamol.

The ministry also consolidated and launched the tourism holdings and its sub holdings into one cluster, consisting of airport operator Angkasa Pura I and Angkasa Pura II, as well as some aviation and hotel companies.

Thohir put together the infrastructure construction SOE and cement SOE into one cluster, as he viewed that the two need each other and are expected to synergize.

Meanwhile, the tourism, logistics, and support cluster consists of Hotel Indonesia, temple tourism managing firm PT TWC, which manages the temples of Prambanan and Borobudur and Ratu Boko, and Indonesia Tourism Development Corporation (ITDC).

State-owned Bank Negara Indonesia (BNI) also announced that it relied on clustering to strengthen the distribution of smallholder business credits (KUR), as well as to help boost the productivity of Micro, Small, and Medium Enterprises (MSMEs) during the COVID-19 pandemic.

Moreover, on February 23, three state-owned companies have agreed to collaborate on building green industry clusters in Indonesia that will prioritize the efficient and effective use of sustainable resources. The three state firms are electricity company PT Perusahaan Listrik Negara (PLN), oil and gas company PT Pertamina, and fertilizer company PT Pupuk Indonesia.

The clustering efforts began in 2020, as many state firms decided to be merged. Thohir also significantly increased the performance target of SOEs to double their outputs in 2024, especially on profits, which are projected to reach some US$20.8 billion or Rp300 trillion.

To be successful

Performance of banks incorporated in the Association of State-Owned Banks (Himbara) throughout 2021 showed satisfactory results through well-implemented credit restructuring, economist and capital market practitioner Lucky Bayu Purnomo said.

According to Purnomo, credit restructuring has resulted in more efficient and effective management of operational expenditures. In December 2021, the total profit of Himbara banks shot up to US$5 billion or Rp72.05 trillion, significantly increasing by 78.06 percent, compared to 2020 at US$2.8 billion or Rp40.34 trillion.

Thohir said each Himbara bank has a specific business focus, such as BRI prioritizes the MSME and ultra micro-segments, Mandiri is dedicated to enhancing the national corporates and entrepreneurs, BNI on international business, and BTN focuses to reduce backlog numbers and help people, including millennials, to make it easier to purchase a home.

"We hope that Himbara's role can be more prominent and become the main national economic driver through enrichment in various segments that provides positive impacts for stakeholders and Indonesian society," he said.

Previously, SOE holdings that had been formed were plantation holdings under PT Perkebunan Nusantara III, forestry holding under Perum Perhutani, fertilizer holding under PT Pupuk Indonesia, and cement holding under PT Semen Indonesia.

Under Thohir's leadership, the holdings of SOEs that have been completed are the mining holdings under Mining Industry Indonesia (MIND ID), oil and gas holdings under PT Pertamina, pharmaceutical holdings under PT Biofarma, state-owned hospital holdings under Pertamedika IHC, insurance and underwriting holdings Indonesia Financial Group (IFG), and tourism and aviation holdings under Aviasi Pariwisata Indonesia or InJourney.

Fixing SOEs through the establishment of holdings is a task that must be carried out sustainably to yield powerful government-owned corporations that can compete on the international stage.

Photo: ANTARA / HO-Kementerian BUMN / pri
Reporter: Kenzu Tandiah; Editor: Rahmad Nasution (c) ANTARA

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPresident Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness.

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Celsius Holdings, Inc. (“Celsius” or the “Company”) (NASDAQ: CELH) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Celsius investments or would like to inquire […]

The post Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Its Investigation of Celsius Holdings, Inc. (CELH) on Behalf of Investors appeared first on Fintech News.

ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that its Board of Directors has elected Marti Tirinnanzi as a new Director, effective March 4, 2022. Ms. Tirinnanzi, who currently serves on the Board of Directors of ICE Mortgage Technology, Inc. and Board […]

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Roughly 75% of investors in emerging markets plan on increasing their holdings of cryptocurrency, according to a new study from consumer insight and analytics firm Toluna. The crypto-keen investors in emerging markets overshadows those in developed markets, of which only 57% responded saying they planned to grow their digital investments. Toluna says that crypto is […]

The post Vast Majority of Investors in Emerging Markets Plan to Increase their Crypto Investments appeared first on Coin Bureau.