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Intelligent Wave Inc. fournit au radiodiffuseur finlandais Yle la solution de surveillance des flux IP « EoM »

– Solution essentielle de surveillance en temps réel pour la diffusion IP de nouvelle génération – TOKYO, 25 juin 2021 /PRNewswire/ — Intelligent Wave Inc. (ci-après « IWI »), basée à Tokyo, a annoncé le 23 juin qu’elle avait fourni à Yleisradio Oy (ci-après « Yle »), un média du service public national, une solution de […]

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Theravance Biopharma, Inc. Announces Pricing of Public Offering of Ordinary Shares

DUBLIN, June 24, 2021 /PRNewswire/ — Theravance Biopharma, Inc. (NASDAQ: TBPH) (“Theravance Biopharma”), a diversified biopharmaceutical company primarily focused on the discovery, development and commercialization of organ-selective medicines, announced today the pricing of its underwritten public offering of 6,700,000 ordinary shares at a price to the public of $15.00 per share. The gross proceeds to Theravance Biopharma from […]

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PlanB feeling 'uneasy' as 41% of his followers tip $100K BTC won’t happen this year

PlanB, the brainchild behind the Bitcoin stock-to-flow model, has revealed he is feeling “uneasy” about his renowned price predictions due to the recent downtrend in markets.The stock-to-flow (S2F) model, which has predicted BTC prices with some degree of accuracy over the past two years, has been called into question by some of his followers in a recent Twitter poll.The anonymous analyst surveyed his followers on June 21 asking them what price they thought BTC would reach by the end of the year. He used the results to compare them to a similar survey in March when market sentiment was overwhelmingly bullish.Of the 124,595 respondents to the latest poll, 41% thought that BTC prices would remain below $100K by the end of the year, which would invalidate the S2F model. That’s two and a half times the 16% in the previous poll who thought the lazer eyes crowd would be disappointed this year.What a difference 3 months make! 41% now thinks bitcoin will stay below $100K in 2021 (invalidating S2F model) vs 16% in March (when BTC was $55K). pic.twitter.com/S9PKR8FSnb— PlanB (@100trillionUSD) June 22, 2021PlanB who originally published the price predictor in March 2019, pinned a message admitting that even he feels a little “uneasy” when BTC prices deviate from the model. However, the analyst noted that the model had managed to hold previously in March 2019, again in March 2020 when the pandemic caused a global market meltdown, and once more in September 2020.Even for me it is always a bit uneasy when bitcoin price is at the lower bound of the stock-to-flow model. Will it hold (like Mar 2019 when I published S2F, or Mar 2020 Covid, or Sep 2020 with BTC stuck at $10K) and is this another buying opportunity? Or will S2F be invalidated? pic.twitter.com/iIjTC2Ncy3— PlanB (@100trillionUSD) June 23, 2021

Preston Pysh, the founder of The Investors Podcast Network, commented that it was difficult for a model to account for a blizzard of bad news that has accelerated the market downturn.“You mean your model doesn’t account for 40%+ of mining rigs getting banned & forced to turn-off & relocate to various parts of the world…and with no forward notice to companies/entitles for the extraordinary expense to their heavily denominated BTC treasuries/retained earnings.”The model is a calculation of a ratio based on the existing supply of Bitcoin against how much is entering circulation. The scarcer the asset becomes due to the four-year halving cycles the higher the price. PlanB’s model predicts an average price of $288K over the next three years.Related: $288K BTC price ‘still in play’ says PlanB as Bloomberg champions Bitcoin halvingAt the time of writing, Bitcoin had gained 2.9% over the past 24 hours to trade at $34,450 according to CoinGecko. The asset is currently 45% down from its all-time high of $64,800 on April 14.

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Sabesp – Material Fact: Change of Chief Financial Officer and Investor Relations Officer

SÃO PAULO, June 24, 2021 /PRNewswire/ — Companhia de Saneamento Básico do Estado de São Paulo – Sabesp (“Company”), in compliance with provisions of Rule No. 358 issued by the Brazilian Securities and Exchange Commission (“CVM”), dated as of January 3, 2002, as amended, hereby informs its shareholders and the market in general that, the […]

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Sabesp – Fato Relevante: Troca de Diretor Econômico-Financeiro e de Relações com Investidores

SÃO PAULO, 24 de junho de 2021 /PRNewswire/ — A Companhia de Saneamento Básico do Estado de São Paulo – Sabesp (“Companhia”), em atendimento às disposições da Instrução da Comissão de Valores Mobiliários (“CVM”) nº 358, de 3 de janeiro de 2002, conforme alterada, vem a público informar que, o Conselho de Administração, em reunião realizada […]

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SORCIA Minerals Aquires Lithium Rights In The Salar De Maricunga, Chile

SANTIAGO, Chile, June 24, 2021 /PRNewswire/ — SORCIA CHILE SPA (SORCIA), a wholly owned subsidiary of the US company, SORCIA MINERALS LLC, reached an agreement with RJR SALAR SPA (RJR) to exploit lithium in the Maricunga salar, in the Atacama Region. Sorcia continues to advance in its objective of introducing in Chile an innovative and highly […]

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Shanghai Man: China retains mining control? Alipay's ancient NFTs and Amber’s big raise

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. So low you’ve got to reach up to touch the bottomThis week in China felt like one giant mining-farm sized pile of FUD. This is usually a pretty good indication that a bottom is close to being in, but one can never be too sure when it comes to downwards volatility in cryptocurrency. Canaan, one of the largest mining companies in China, announced it was setting up shop in neighboring Kazakhstan. This is an ideal compromise for Canaan as it can remain close to China, while mitigating their regulatory risk. Reading between the lines, it seems like the plan is to mostly continue administration of the company from China while sending the machines overseas. This would put a wrench in the works of the Bitcoin purists who believe that the crackdowns are a good way to break up China’s dominance in the mining industry. Just this week, a professor at a university in Singapore wrote in Chinese that the shift to a more decentralized network would be a good thing. This raised some eyebrows for the use of a made up word that translates roughly to ‘de-China-ization’, but the article holds even less weight when large mining companies like Canaan are able to shift physical equipment overseas but still remain in control of the governance. Too big for postage stampsOn June 21, CNBC’s Beijing Bureau Chief Eunice Yoon posted on Twitter that a logistics company in Guangzhou was shipping 3,000 kilograms worth of mining hardware to Maryland, US. According to her claim, the price was $9.37 per kilogram. Some quick math reveals that the total cost would be less than the price of one Bitcoin, at least at the time of writing. Bitmain lends a helping handCointelegraph reported on June 23 that massive mining company Bitmain was suspending sales of mining hardware in a move to support the over-supplied secondhand markets. According to the article, sales of hashing power in China has seen a decrease of around 75% since the Spring. Bitmain is reportedly moving operations abroad as well, which would be a major move for the hardware manufacturing giant. Mine-amiFrancis Suarez, everyone’s favorite Bitcoin-friendly mayor, was at it again on June 18 when he announced that all Chinese Bitcoin miners were welcome in Miami. The announcement was translated and posted on Sina Finance’s Blockchain Weibo account, which attracted over 53 comments from surprised netizens. Most of these user comments were negative in nature however, both towards Suarez and Bitcoin in general. A large portion of Weibo users hold cryptocurrencies in ill-regard, especially those that have been investing in the stagnant Chinese stock market. Amber is the color of your energyAmber, a cryptocurrency service provider based in Hong Kong, completed a Series B funding round worth $100m. Amber is well known among institutions for their financial services that include asset management, OTC services and lending. Alipay’s foray into NFTsTop payment processor Alipay continues to push its AntChain technology by partnering with the Dunhuang Research Academy to release 8,000 NFT skins. Dunhuang is famous for being an old silk road outpost and is home to Mogao Caves, a Unesco Heritage site. The NFTs featured artwork inspired by the cultural site and quickly sold out. AntChain is a private blockchain developed by Alibaba’s Ant Group.

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Bitcoin hits $35K after Biden reveals infrastructure deal, Paraguay proposes BTC bill

Bitcoin (BTC)  price received a boost as news that lawmakers in Paraguay plan to present a bill to make BTC legal tender spread across Twitter. Shortly after the unconfirmed news surfaced on Twitter, Bitcoin price rallied to $35,289 before slightly pulling back below the key short-term resistance level. Congratulations Paraguay • a bill has been submitted to make #BITCOIN legal tender • reading likely to occur on July 14th• they wish to be a crypto hub• promotion of green energy mining • some interest from Argentina & Brazil now too— djThistle (@DJThistle01) June 24, 2021While the cryptocurrency Fear and Greed Index still indicates a sentiment of Extreme Fear, it’s worth noting that the measure has risen from 14 on June 23 to 22 on June 24 as traders begin to view the drop below $29,000 and Bitcoin’s rising open interest as signs that the current corrective phase may have ended. Cryptocurrency fear and greed index. Source: AlternativeWhile traders’ sentiment may have improved slightly, Cointelegraph analyst Marcel Pechman suggested that investors could be waiting for the $6 billion in Bitcoin and Ether (ETH) quarterly futures and options to expire on June 25 before making a more decisive move. Stocks reach new record highs, altcoins rallyThe crypto market wasn’t the only market to rally today. Traditional markets also rose to new highs after U.S. President Joe Biden revealed that he had reached an agreement on a $953 billion bipartisan infrastructure spending plan with the Senate. Following the announcement, the S&P 500 and Nasdaq each rallied to new record intraday highs and closed the day up 24.65 points and 97.98 points respectively, while the Dow gained more than 322 points on the day. Daily cryptocurrency market performance. Source: Coin360As one would expect, altcoins also surged higher as Bitcoin price and traditional markets moved higher. Ether (ETH) rallied back above the psychologically important $2,000 level, while Tron (TRX) and Celo gained 26% and 28% respectively. CELO’s move appears to be driven by the listing of its Celo Euro (cEUR) stablecoin on KuCoin exchange. Prior to the recent price rise, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CELO on June 22. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. CELO price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for CELO climbed into the green and reached a high of 73 on June 22, one hour before its price began to spike 56% over the next day. The VORTECS™ Score turned green again on June 24, reaching a high of 74 as CELO began to rally another 25%.The overall cryptocurrency market cap now stands at $1.4 trillion and Bitcoin’s dominance rate is 46.6%.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Enjin joins Crypto Climate Accord, goes carbon negative

Enjin, a blockchain gaming and nonfungible token platform, has stepped up to decarbonize its footprint by joining the Crypto Climate Accord, a move that adds further credibility to the industry’s growing environmental mandate. The Crypto Climate Accord is backed by 20 firms from the blockchain, fin-tech and greentech industries. Inspired by the 195-signatory Paris Climate Agreement, the Accord was established in April to address the “large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use.”Enjin claims that its JumpNet blockchain has already achieved carbon-negative status nine years ahead of schedule. In March, the company said it planned to enable carbon-neutral NFTs by 2030. “The creation of new forms of technology should never come at the cost of destroying our environment,” said Enjin CEO Maxim Blagov. “Carbon neutrality for JumpNet is an important step toward our vision of a sustainable NFT ecosystem for Enjin and our partners.”In addition to decarbonizing newly created tokens, Enjin’s environmental sustainability plan includes supporting the tokenization of the physical economy and decarbonizing existing digital assets. Other measures include upgrading to carbon-neutral nodes and incentivizing carbon reduction technologies. Environmental concerns have virtually hijacked Bitcoin’s narrative this year, with the likes of Elon Musk casting shade over carbon-intensive mining. The Tesla CEO briefly embraced Bitcoin earlier this year before deciding that BTC payments are no longer acceptable due to environmental risks. Now, he states that his firm is willing to accept payments of the virtual currency, provided there’s more evidence for sustainable mining. Related: Elon Musk lays out when Tesla will begin accepting Bitcoin paymentsOther environmental sustainability efforts within crypto are also underway. As Cointelegraph reported, Tyler and Cameron Winklevoss’ Gemini exchange has purchased carbon credits to reduce Bitcoin’s carbon footprint. Separately, U.S. miner Stronghold Digital Miner recently announced that it raised $105 million to divert waste coal to cryptocurrency mining.

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What is in the Bipartisan Infrastructure Plan?

President Biden celebrated on Thursday the stripped-down and rejiggered bipartisan rewrite of his infrastructure proposal, proclaiming in a White House news conference that it was a unifying accomplishment for the whole country. Lawmakers have yet to release legislative language, but White House officials laid out the funding breakdown in a fact sheet that detailed proposed […]

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Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market

After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not facing the bottleneck issues that caused transaction fees to skyrocket.Whenever markets disappoint traders with a negative surprise, traders quickly seek external explanations for their failure to interpret signals. But, in reality, a clear indication that China was concerned about the crypto mining energy consumption came out on April 30, six weeks ahead of the initial price crash.On May 6, recently confirmed U.S. Securities and Exchange Commission chair Gary Gensler punted to congress on providing more regulatory oversight to the crypto space. However, in defense of excessively optimistic investors, similar promises have circulated for over four years.Regardless of the many reasons behind the recent negative market performance, traders like to blame someone for their mistakes, and what better scapegoat than derivatives markets?Cointelegraph was the first news outlet to analyze the $2.5 billion Bitcoin futures expiry, potentially giving bears a $450 million lead if the price fails to hold $32,000 on June 25. On June 12, Cointelegraph said that Ether’s $1.5B monthly options expiry would be a make-or-break moment, as 73% of the neutral-to-bullish options would be worthless below $2,200.Updated open interest figures show a $1.36 billion open interest for Ether options and another $500 million worth of futures contracts to expire on Friday. Meanwhile, Bitcoin’s options open interest has grown to $2.64 billion, while another $1.44 billion is set to expire in futures markets.To understand whether derivatives markets, mainly the quarterly expiries, hold such a significant impact on prices, investors need to evaluate the past expiries.December 2020 and March 2021 reflect diverging movementsIn November 2020, Bitcoin initiated a strong rally, accumulating 75% gains ahead of the December expiry. Bitcoin price on Dec. 2020 and Mar. 2021 expiries. Source: TradingViewOver 102,000 Bitcoin options matured on Christmas day, but there was no apparent impact. Instead, the bull trend continued as Bitcoin subsequently rallied another 69% in 12 days.March 2021, on the other hand, showed completely different price action. Bitcoin price plunged 14% ahead of the options expiry, although it fully recovered over the next four days. It is worth noting that on March 22, the U.S. Federal Reserve Chair Jerome Powell said, “Bitcoin is too volatile to be money” and “backed by nothing.” In that same week, billionaire fund manager Ray Dalio raised concerns on a possible “U.S. Bitcoin ban.”March, June, and September 2020 showed no signs of a dump ahead of expiryIf March 2021 could have built a possible case for dumping activity ahead of expiry, the previous year faced an opposite movement.Bitcoin price on March, June, and Sep. 2020 expiries. Source: TradingViewBitcoin went on a 31% bull run in the ten days leading to the March 26, 2020 expiry. However, an 11% correction took place the following day, therefore potentially building a case for investors to cite ‘manipulation.’ However, the 45% hash rate drop that surrounded the date partially explains the sell-off.The June 26 expiry did not seem to significantly impact price because Bitcoin dropped 2% before the event and another 2% over the next two days. However, an exact inverse pattern occurred on the September 2020 expiry when Bitcoin hiked 2% ahead of Sept. 25 and continued to increase by 2% over the following two days.Options and futures expiries cannot be deemed bearish or bullishAs the data from the previous five quarterly expiries show, there is absolutely no indication of a pump and dump (or inverse) movement ahead of the derivative events. For investors and traders waiting for a bottom confirmation, the answer probably lies in Bitcoin’s hash rate recomposition. One should also account for Chinese over-the-counter traders re-establishing their fiat gateways after the recent nationwide ban on cryptocurrency transactions.Bitcoin price has slightly recovered from its sharp dip below $29,000, but generally, the past month has not been generous to BTC and Ether (ETH). Bitcoin has failed to break the $40,000 resistance multiple times, and the recent dip to a six-month low at $28,800 was a startling sign for many investors. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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London Stock Exchange-listed firm inks FCA’s approval for crypto services

Mode Global Holdings, a London Stock Exchange-listed fintech group, has secured major regulatory approvals for cryptocurrency and fintech operations in the United Kingdom.The company announced Thursday that Mode has secured its Electronic Money Institution license and AMLD5 registration from the U.K. Financial Conduct Authority.The AMLD5 registration has been granted to Mode’s crypto arm Fibermode Limited, establishing it as an official crypto asset firm in the United Kingdom, pursuant to the amended regulations on money laundering, terrorist financing and transfer of funds.The AMLD5 registration is a requirement for crypto-related businesses in the country that fall within the scope of money laundering regulations. According to the announcement, Mode is the fifth company to have received this registration to date since the FCA became the official AML supervisor of the crypto industry in the U.K. in January 2020.Alongside the AMLD5, Mode’s subsidiary Greyfoxx Limited also acquired the EMI license, which enables Mode to offer a “range of innovative financial services” to both businesses and consumers in the United Kingdom, the announcement notes.Following the acquisition of new regulatory approvals, Mode is planning to further expand its crypto services, including decommissioning its investment product known as the “Bitcoin Jar.” The product aims to allow Mode customers to use Bitcoin (BTC) to generate BTC interest rather than simply holding it in a wallet or on an exchange.Mode CEO Ryan Moore noted that the new regulatory developments provide a major step in Mode’s mission to deliver a trusted and regulated environment. “It means we now have the ability to scale our operations and continue delivering innovative payments products for our customers under our own EMI licence. Both the EMI licence and the AMLD5 registration ensure business transparency, strong oversight and give our customers confidence in our offering,” he said.Related: UK regulator warns against 111 unregistered crypto companies… and FOMOThe latest news comes shortly after a member of the British Parliament pointed out major difficulties in the process of registering crypto firms under the FCA’s AML regulations in late May. Economic secretary John Glen elaborated that FCA was not able to process and register all applications by its previous deadline due to a significant number of firms failing to adopt robust AML control frameworks as well as employ proper staff.

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How stablecoins stay stable, explained

Crypto-backed stablecoins use what amounts to overcollateralized loans to keep their value correctly pegged. Crypto-collateralized stablecoins are backed by a basket of one or more other cryptocurrencies. As these are themselves highly volatile, these stablecoins are highly overcollateralized, and require purchasers to lock their collateral tokens into smart contracts that will be liquidated if the collateral drops in value too much. The collateral that can be collected by replacing the stablecoins.  One of the best-known crypto-backed stablecoins is MakerDAO’s DAI, pegged to $1. However, as MakerDAO learned during the March 12, 2020 “black swan” event in which ETH’s value was cut in half in less than 24 hours after it got overwhelmed by liquidations, making sure the system can handle extreme conditions is vital — forcing it to implement substantial governance and auction management changes. That was successful, and the stablecoin’s market capitalization is more than $4.8 billion at this writing. It is getting some competition this summer from Free TON, the fully decentralized blockchain project that took up the Telegram Open Network blockchain’s work once the messaging company that founded it pulled out after a legal battle.  This summer, Free TON is planning to release a stablecoin sibling to its TON Crystal token. The stablecoin’s liquidity will be 100% backed by locked-in Ether, providing liquidity providers with potential returns. It will have “widespread application for services with recurrent subscriptions and high-risk offerings,” said TON Labs, the core developer of the Free TON project.

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Zachary Kelman joins Cointelegraph as general counsel

Cointelegraph, the world’s foremost source of news and information on the future of finance, is pleased to announce the addition of Zachary Kelman as general counsel. Kelman is an early adopter of cryptocurrency and is the managing partner of crypto-native law firm Kelman PLLC. He is a New York-licensed attorney specializing in political, legal and regulatory issues surrounding Bitcoin, digital currencies and blockchain technology.Kelman is a thought leader with frequent contributions to Cointelegraph and a popular guest on leading podcasts, especially On the Brink with Castle Island with Nic Carter of Castle Island Ventures. He provides a critical international perspective on how monetary policy and the legacy financial system continue to deal with the rise of crypto assets, commenting on subjects ranging from how stablecoins threaten the correspondent banking system to how United States government initiatives like “Operation Choke Point” affect financial inclusion and the efforts of crypto-asset companies to run their businesses.”The future of finance is being heavily disrupted by blockchain technology, and I am excited to join Cointelegraph, which is at the very center of that conversation,” said Kelman. “Cointelegraph’s leadership and journalistic credibility in the space has made it a required destination, having gained the trust and readership of institutions and retail investors alike.””Cointelegraph is growing alongside the mass adoption of cryptocurrency to give our readers access to important news, information, data and community-driven thought leadership to empower them to make smart decisions and formulate sound financial strategies,” said Cointelegraph CEO Jay Cassano. “As we grow at pace with the rapidly evolving applications of distributed ledger technology, we welcome Zachary’s expertise to navigate this ever-changing landscape.”About Zachary KelmanKelman began his legal career working in-house for major financial institutions such as Credit Suisse and Morgan Stanley in areas including Anti-Money Laundering (AML), Know Your Customer (KYC) and similar critical legal areas essential to legacy financial infrastructure. His intimate knowledge of international transaction monitoring mechanisms uniquely positions him to advise emerging fintech and venture capital crypto companies.Kelman came to prominence in 2014 when he drafted H.R. 5892, the Online Market Protection Act of 2014 — designed to exempt on-chain transactions from most U.S. regulations — which was submitted to Congress that year. He also serves as a member of the Florida Blockchain Business Association’s Legislative Committee, having contributed to the development of two bills (H.B. 1351 and S.B. 1758) designed to position Florida as a leading destination for blockchain and cryptocurrency ventures. He formerly acted as chief legal officer and director of Caribbean crypto exchange Bitt, where he worked with Caribbean governments to design early legislation promoting the adoption of crypto assets in the region. He acted similarly for Southeast Asian digital-asset firm Coins.ph, working with the central bank of the Philippines to design legislation in 2017. About CointelegraphFounded in 2013, Cointelegraph is the leading independent digital media resource covering a wide range of news on blockchain technology, crypto assets and emerging fintech trends. Each day, our team delivers the most accurate, up-to-date news from both the decentralized and centralized worlds.In 2021, Cointelegraph launched Markets Pro, a subscription-based, members-only dashboard tracking key data and trends in the ever-evolving decentralized landscape. Markets Pro keeps crypto traders ahead of the news cycle while predicting future market moves based on historical data via its proprietary VORTECS™ algorithm. Cointelegraph also launched CT Studio, which helps advertisers authentically reach a passionate audience of blockchain enthusiasts, traders and professionals.

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Bitcoin in uptrend but BTC may never beat gold's $10T market cap — ex-NYSE head

Bitcoin (BTC) is on a “lower left to upper right trend” and its volatility should not scare investors, the former head of the New York Stock Exchange says.In an interview with CNBC on June 23, Thomas Farley revealed long-term convictions about Bitcoin and dismissed concerns over BTC price losses.Bitcoin: Going up, but not “up only”Coming a day after CNBC pundit Jim Cramer admitted that he sold his Bitcoin stash, suggesting that BTC/USD was going as low as $10,000, Farley provided some much-needed mainstream bullishness.“With respect to the recent price moves, I’m kind of sanguine about them — Bitcoin’s a very volatile asset class, in part because it’s a new asset class,” he told the network.“I have no doubt it’ll go up, it’ll go down over the long term — I still think it’s a lower left to upper right trend and I think we’re going to see that play out over five years.”With mining upheaval coming from China still on everyone’s lips, popular mainstream criticism of Bitcoin’s energy usage was also swiftly cast aside as a temporary issue.“I think this kerfuffle is an interesting conversation, but by and large I think it’ll be resolved because I think the blockchain at its core adds to its efficiency and in fact will add to energy efficiency over time,” he continued.[embedded content]Less convinced on gold. vs. BitcoinWhen it comes to Bitcoin as “digital gold,” however, Farley was more conservative in his predictions.Now firmly beneath a trillion-dollar market cap, Bitcoin must transform in order to take on store-of-value safe-havens.Related: Joining the ranks: Bitcoin’s correlation with gold and stocks is growing“I think the upper bound for now is gold, which is about a $10 trillion market cap,” he added.“In order for Bitcoin to one day exceed gold, it’ll have to be more of an accepted form of currency — I’m not sure, frankly, if it ever gets there.”Proponents argue that Bitcoin, by its very nature, faces just a matter of time before eclipsing gold thanks to the latter’s ultimately infinite supply and inability to beat Bitcoin in all aspects of “money.”The precious metal saw a major sell-off last week after comments on policy from the United States Federal Reserve.To beat gold, Bitcoin would need to trade at more than $533,000 with the current supply.

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The European Fight Over CBD Continues

Analogies between the patterns and paths that cannabis legalization is taking—between Canada and Europe, and more recently, the U.S. and Europe—are certainly in the room this year. Especially as different European states begin to at least engage if not normalize parts of the cannabis discussion—from medical and CBD to full boat adult use.To some extent, the political fight over legalization has certainly been divided between the cannabinoids in a way not really seen in either the United States or Canada—and that has been a deliberate strategy by advocates and the industry alike as medical reform has either stalled or moved too slowly for real progress to be made. Ultimately, patients pay the steepest price.To some (notably patients) the parsing of legalization between THC and CBD is unbelievably frustrating. However, to lobbyists and commercial interests, the opening, finally, of a European market for at least one part of the plant is a strategic place-marker that has advanced some parts of reform in some countries—while leaving other conversations hanging.To some extent, the recent victories over CBD in the European Union (EU) are clearly a sign that at least one part of the plant is normalizing. On the other hand, that such advances have only come post legal action is a sign of how treacherous and legally challenging the path to market actually is—and all over Europe—and how much CBD reform is a weak substitute for either medical use that is integrated into healthcare systems, much less adult use.Recent Significant European VictoriesThe entire CBD discussion has been put to the test over the last six months in both France and Germany, and further in ways that the rest of Europe is clearly watching, if not merely skipping on the road to full recreational reform.In France, draft regulations for a new CBD market that are now moving forward fairly fast, developed after a ground-breaking legal case last year (when a European court ruled that a French ban on CBD vapes produced legally in another EU country was illegal) but not without controversy. Here is why: The French government appears to want to ban all raw hemp products (such as flower and hemp tea) and only authorize the sale of processed CBD food, cosmetics and vape products.In Germany, the city of Düsseldorf was also required to lift its ban on all hemp products recently after a company challenged the same in court. The discussion over raw flower (of the CBD kind) appears to be more decided in Germany simply because raw flower is allowed in the medical market.CBD VS. Medical First Strategies to Legalization in EuropeNo matter how much cannabis legalization advocates might strategize to push the agenda forward with “recreational CBD” discussions however, the real mover towards full reform is actually being fought (and won) on the medical side. This is also the reason that raw flower for smoking is such a controversial topic (everywhere).Beyond this, the battles that are being won on CBD are not that ground-breaking so far. This includes the European-wide decision that CBD is not a narcotic. The integration of this part of the plant into food and cosmetics is a matter of common sense, with a few strange outliers that are rapidly receding with court challenges. Bigger discussions (like whether cannabis is a “novel” plant at all) have cost many firms a great deal of money, just about everywhere, with no real resolution of the question. Not to mention a likely repeat of this discussion as THC edibles start to enter the market next year.DecriminalizationOne of the places that CBD might play a huge and important role is in moving national governments if not the EU to decriminalize cannabis possession. It is literally impossible for police departments to distinguish between CBD and THC flower (as every patient knows) unless the confiscated stash is tested, which typically can’t happen until after an arrest is made. This, plus medical use in Germany, for example, might be the final political push needed to address this large and still concerning discussion across Europe.Medical Reform and Recreational Use Are the Real Drivers of ReformThe reality is that 2021 is turning out to be a ground-breaking year on the legalization front in Europe—in large part because of a continuation of the legalization march globally on the medical front—and because of COVID-19.With Europe’s largest economies (Germany, France, Spain and Italy) all moving forward with some form of medical reform, and Portugal now considering full adult use, the discussion is clearly ticking forward in a way that is unstoppable.Parsing the plant to forward reform is a strategy that is clearly coming to an end in the EU, and that is a conversation that stretches far beyond any one cannabinoid and for any one particular use.

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Social Justice Cannabis Brand EVIDENCE Launches With the Help of Damian Marley, Berner and Other Celebs

EVIDENCE, a new cannabis brand operating and running in the abandoned building of a private prison, just launched with the help of Damian Marley, Nabil Elderkin, Berner and other celebs and industry movers and shakers. The result is a cannabis company unlike any other. EVIDENCE took off just in time for Juneteenth and the 50th anniversary of the War on Drugs with a special collab between Marley and Nabil Elderkin, creative director of EVIDENCE. Elderkin is known for directing music videos for artists like Kanye West, Kendrick Lamar, Frank OCean, John Legend and Berner himself, and now, he’s released a special video for the new brand. The video was also produced by co-founder Dan Dalton, who is known as an activist and manager in the music community. The film sums up the message of EVIDENCE, which is all about social justice. They make a major point with their police-style evidence bags to package cannabis. This presents users with a hard-to-ignore metaphor for the War on Drugs and the plight people of color still face on a regular basis. The bags are not just a metaphor, but also a very real message. In order to help with the estimated 40,000 prisoners still serving time due to cannabis prohibition in the U.S., $1 from every sale EVIDENCE makes goes to the Last Prisoner Project to help with reform. Taking the metaphor even further, EVIDENCE operates out of a former high security, private prison in California. Co-Founder Casey Dalton said, “We grow weed at a prison to get people out of prison for growing weed.”“Evidence and Last Prisoner Project both stand for a very honorable cause,” added Damian Marley. “With Last Prisoner Project, through the work that they’re doing in trying to get people who are incarcerated for cannabis out of jail, and Evidence through being a brand that is helping to support that same movement. To me, it was a victory to be able to turn a facility that was once a place of despair, doom and gloom, into something that is now a place of joy and healing. We are proud to be a part of that.”EVIDENCE with a MissionEVIDENCE was started by parent company Ocean Grown Extracts. The parent company is woman- and family-run and always has a focus on social justice. Casey, Dan and Kelly Dalton, who run the company, have a mission to raise money to fight against racial inequities. To make this point, the company officially opened up in an abandoned prison and decided to lean into the police-state imagery in their branding. They also made it a point to staff the company with security personnel including staff from the former prison. Now, the same team that used to oversee the prison gets paid for watching over and protecting a legal cannabis grow. Additionally, opening the grow in Coalinga, boosting the local economy of the California town and eliminating the debt. They created over 100 jobs during their first year. And Ocean Grown continues to strive to reach new achievements in the industry. It just landed the first outdoor grow license in Fresno County, an area that will be incredibly lucrative for the industry. They plan to open a store and consumption lounge in Coalinga for road trippers traveling from Los Angeles to San Francisco and back again. While they are known for their achievements and attention to quality, the main commitment of Ocean Grown and their new, curated cannabis company EVIDENCE is to support those incarcerated during the war on drugs and bring justice to the newly emerging industry. Hopefully, with brands like EVIDENCE in charge, the industry will have an even brighter and more equitable future. 

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UK Climate Action is Falling Behind Ambitious Commitments, Climate Body Warns

The Climate Change Committee (CCC), the UK government’s climate advisor announced today the publication of its annual progress reports to Parliament, appraising the country’s progress on the key climate goals of cutting emissions to net zero and adapting to climate risks.

The reports warn that a lack of progress on firm climate policies are causing the country to fall behind on its commitments to meet these challenges, with continued inaction making it increasingly difficult to get back on track.

Lord Deben, Chairman of the Climate Change Committee said:

“We are in the decisive decade for tackling climate change. The Government must get real on delivery. Global Britain has to prove that it can lead a global change in how we treat our planet. Get it right and UK action will echo widely. Continue to be slow and timid and the opportunity will slip from our hands. Between now and COP 26 the world will look for delivery, not promises.”

Over the past several months, the UK has announced a series of ambitious climate-focused commitments, including the launch by Prime Minister Boris Johnson in November of a 10-point plan for a ‘Green Industrial Revolution,’ including investments in renewable energy, clean mobility, and green building initiatives.  In December, the UK committed to cut greenhouse gas (GHG) emissions by at least 68% by 2030, setting its Nationally Determined Contribution (NDC) under the Paris Agreement, and in April this year, the government set a goal to reduce emissions by 78% by 2035.

While applauding these major goals, the CCC stated that they have yet to be backed with firm policies, and that the public has not been informed or engaged regarding the changes that must lie ahead.

On the road to net zero, while some areas are seeing progress, such as initiatives to decarbonize electricity, commitments still need to be made to decarbonise major emitting sectors such as buildings, transport, industry and agriculture. Similarly, in terms of climate adaptation, the CCC notes that only 5 of 34 sectors have shown notable progress in the past two years in preparing for climate risk, with no sector scoring highly in terms of lowering its risk level.

The CCC made a series of recommendations in its reports, including implementing a Net Zero Test to ensure that all Government policy, including planning decisions, is compatible with UK climate targets, and developing and strengthening plans and strategies for sectors including buildings and the power sector. On the climate adaptation front, recommendations include implementing a public engagement programme on climate change adaptation, building a strong emergency resilience capability for the UK against climate shocks, and making Adaptation Reporting mandatory for all infrastructure sectors.

Baroness Brown, Chair of the Adaptation Committee said:

“The UK is leading in diagnosis but lagging in policy and action. This cannot be put off further. We cannot deliver Net Zero without serious action on adaptation. We need action now, followed by a National Adaptation Programme that must be more ambitious; more comprehensive; and better focussed on implementation than its predecessors, to improve national resilience to climate change.”

Click here to view the CCC reports to Parliament.

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Swiss-based Digital Assets AG launches tokenized stock offerings on Solana

Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets. During the initial rollout, FTX users who have completed Know Your Customer documentation will have access to 55 free-floating stocks, available 24 hours a day, 365 days a year, Digital Assets AG announced Thursday. That means users in permitted jurisdictions will be able to buy, sell and withdraw the assets at any time. Free-floating stocks are assets that have received regulatory approval to trade on tokenized platforms. As DAAG explained, they represent the number of shares of a given asset excluding locked-in shares, such as those held by company executives. The tokenized stock offerings are valid in the European Economic Area, or EEA, through a prospectus endorsed by Liechtenstein’s Financial Market Authority, DAAG said. DAAG executive Brandon Williams explained his firm’s rationale for launching on Solana:“The move from operating on a private blockchain to operating on Solana will offer a much more efficient, and cost-effective environment for the trading and utilization of tokenized stocks […] We envision the entirety of traditional finance and capital markets being able to operate on the blockchain and Solana was the obvious choice.” Meanwhile, FTX already offers tokenized stock trading. As Cointelegraph reported, FTX debuted the Coinbase pre-IPO contract on the eve of the company’s public listing in April. Sam Bankman-Fried, founder and CEO of FTX, said, “DAAG’s tokenized stock infrastructure will help facilitate a paradigm shift in the underlying market structure…”Related: Metaplex NFT marketplace launches on SolanaSolana has received tremendous support from investors, venture capitalists and other market participants. The crypto startup recently raised $314 million from several high-profile investors to expedite the development of its high-performance blockchain. Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from the likes of Alameda Research, Blockchange Ventures, CMS Holdings and CoinShares, among others.

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NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers

New York Digital Investment Group (NYDIG) has partnered with Q2, a firm specializing in providing digital services to financial institutions, to provide access to Bitcoin (BTC) for bank account holders in the United States.According to a release issued on Wednesday, the partnership will potentially open up Bitcoin buying, selling and custody channels to about 18.3 million bank customers in America.Indeed, Q2 provider internet banking services to about 30% of the Top 100 U.S. banks and serves over a tenth of the country’s digital banking customers.As previously reported by Cointelegraph, NYDIG began working towards providing Bitcoin trading services to Americans via their bank accounts. At the time, the firm partnered with fintech outfit Fidelity National Information Services to provide U.S. lenders with the ability to offer crypto trading services to their customers.Apart from Q2, NYDIG has also partnered with cloud-based digital banking service provider Alkami and global payment services outfit Fiserv to enable Bitcoin access for more customers of financial institutions.Detailing the specifics of its partnership with NYDIG in a separate announcement, Fiserv revealed that its collaboration was tailored towards banks and credit unions amid the growing interest for BTC.First Foundation Bank, a California-based financial institution, is reportedly working with NYDIG and Fiserv to onboard Bitcoin trading and custody for its customers. Back in April, the bank’s parent company, First Foundation Inc., invested in NYDIG to provide clients with access to Bitcoin-based investment products. Related: US banks to allow Bitcoin trading in 2021, says NYDIG execsOn the Alkami front, NYDIG is now part of the firm’s Gold Partner Program — a significant step in enabling banks and credit unions to offer BTC buying and custody products to their customers.Commenting on the importance of these collaborations, NYDIG co-founder and CEO Robert Gutmann declared that these partnerships were necessary to make Bitcoin readily accessible via legacy financial institutions.According to Gutmann, such integration efforts will help to ensure the continued expansion of the Bitcoin network.

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