Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over 60% of the two nations’ bilateral trade is conducted in Russian rubles and rials, reflecting a shift away from the U.S. dollar. Russia-Iran Trade Flourishes With National Currencies Iran and Russia are reportedly […]
Bitcoin News
The SEC Is ‘out of Their Mind and a Change of Regime Is Required’ — Former US Ambassador
Trevor Traina, the founder and CEO of Kresus, has said he foresees non-custodial mobile wallets “transforming into something more comprehensive than just tools for storing digital assets.” According to Traina, such a transformation is needed if non-custodial wallets are to become apps with “functionalities to cater to the diverse needs of the Web3 community.”
Non-Custodial Mobile Wallets vs Hardware Wallets
Traina, a serial entrepreneur and former U.S. Ambassador to Austria, said the transformation, which he sees as being inevitable, is “definitely going to lower the entry barriers to Web3 and make it more user-friendly for everyone.” According to Traina, it was this vision for an all-encompassing Web3 wallet which motivated him to venture into the blockchain and crypto world.
Meanwhile, in his written answers sent to Bitcoin.com News, Traina insisted that non-custodial wallets will soon match or even surpass hardware wallets “in terms of security and user trust.” The constant need to update or improve the security features of non-custodial wallets is one reason why they are set to become more secure than hardware wallets, Traina argued.
Commenting on the U.S. Securities and Exchange Commission (SEC)’s stance on cryptocurrencies, the diplomat said that the Gary Gensler-led regulator is out of its mind and needs new leadership. In his answers sent to Bitcoin.com News via Telegram, Traina lamented how the SEC’s approach has resulted in only two of the 20 largest blockchain projects being based in the U.S.
Below are the former U.S. Ambassador’s answers to the questions sent.
Bitcoin.com News (BCN): You were a diplomat and serial entrepreneur before venturing into crypto. What pulled you into the Web3 space?
Trevor Traina (TT): I have been building companies since the dawn of Web 1.0 and have not been as excited about a new platform since. When we think of blockchain, people immediately go to cryptocurrencies, but I see a more profound innovation which is the universal ledger. That combined with smart contracts is going to profoundly change everything.
The idea that events of any kind can become immutable and decentralized is in a sense a holy grail. From contracts to ticketing to loyalty points to many other things, the blockchain will underpin much of what we do in the future. While there are basic tools for a number of different chains no-one has thought holistically about building an app that will unlock all of this utility. That opportunity brought me into the category.
BCN: Could you talk about non-custodial mobile wallets and their likely evolvement in the near future? Also, are wallets, particularly the popular ones, going to evolve into super apps by integrating as many functionalities as possible?
TT: I see non-custodial mobile wallets transforming into something more comprehensive than just tools for storing digital assets. Why should they be limited to this single function when they can integrate a swathe of functionalities to cater to the diverse needs of the Web3 community? You know, gamers, traders, stakers, holders, casual everyday users, and the hardcore super users.
At Kresus, we believe the key to this evolution lies in the integration of multiple functionalities within a single seamless interface: it’s a wallet but it’s also so much more, because you can mint NFTs, trade, access educational materials, etc. This is where the industry is heading, and it’s definitely going to lower the entry barriers to Web3 and make it more user-friendly for everyone.
BCN: How does a super app unify and streamline the multiple account attributes across various chains, which is necessary for a streamlined user experience?
TT: A Web3 super app has to effectively unify and streamline multiple account attributes across various chains to provide a smooth UX. This is a complex challenge given the fragmented nature of the current blockchain ecosystem. At Kresus, we tackle it by leveraging advanced interoperability protocols and user-centric design principles. Our app is built to seamlessly interact with various networks, allowing users to manage their crypto across different chains from an intuitive interface.
Obviously, this helps to simplify UX but it also provides a comprehensive overview of one’s digital holdings. Moreover, we focus on abstracting the complexities of blockchain so anyone can interact with it. This approach is crucial for bringing the benefits of blockchain technology to a wider audience. As far as the user is concerned, they are not burdened with any of this. They simply see an interface where everything they need or want is stitched together perfectly. And everyone is given a free Web3 domain name, which operates like a shortcut. They can send and receive multiple currencies without having to understand Sub wallet, addresses, or cut and paste things. Mary can have everything sent to one Mary123.kresus address and there is zero brain damage! Even adding a friend is as simple as WhatsApp, where you see their picture and you know it is them.
BCN: It is said that your crypto wallet does not require passwords or key phrases. How then do users recover their access to their funds if say they lose control of their primary email?
TT: Private keys are great but they ask a lot of the user and come with their own risks. With our wallet, we’re not burdening users with the responsibility of safeguarding keys, instead, we use a wallet infrastructure and software development kit (SDK) called Magic and store the private key on an AWS Hardware Security Module (HSM) designed for highly sensitive data.
This key is fully encrypted, giving it the same level of security you’d expect from a hardware wallet. Instead of a password, users access their account by clicking on a link embedded in an email and there’s also 2FA to add an extra level of security. If you lose access to your primary email, you can still access your account, as the Kresus Vault use MPC and Account Abstraction to terminate the need to remember passphrases or fear getting locked out.
BCN: Can a non-custodial mobile wallet compete against hardware wallets, which are considered more secure and is it possible to minimize the risk of fraud and theft something that will see mobile wallets gain the same level of user trust as the hardware wallets?
TT: Although hardware wallets are often touted for their security, I firmly believe that non-custodial mobile wallets can compete with, and in some cases, surpass hardware wallets in terms of security and user trust. At Kresus, security is our top priority. We employ state-of-the-art encryption and security protocols to ensure that our users’ assets are protected at all times.
Additionally, we are constantly updating our security measures to stay ahead of potential threats. To minimize the risk of fraud and theft, we implement features such as multi-factor authentication, biometric security, and regular security audits. These measures are designed to provide a level of security that is on par with if not superior to, hardware wallets. What’s more, the convenience and accessibility of mobile wallets can often translate into superior security practices for users.
Unlike hardware wallets, which may be used infrequently and thus more susceptible to misplacement or outdated security measures, mobile wallets are used all the time and are more likely to be kept up-to-date with the latest security updates. By prioritizing security and user experience, non-custodial mobile wallets like ours are well-positioned to gain the same level of user trust as hardware wallets, while offering the added benefits of convenience and functionality.
BCN: Some people believe that the crypto industry needs regulatory clarity and stability to innovate and thrive. What are your thoughts on the US Security and Exchange (SEC)’s current stance on regulating crypto where it considers most cryptocurrencies to be securities rather than commodities?
TT: I think the SEC is out of their mind and that a change of regime is required. When we think about the Internet, almost all of the most important companies are based in the United States. It is a tremendous competitive advantage. However, with the blockchain 18 of the 20 largest projects are located outside of the US. The United States simply cannot afford to be so hostile and so unclear with regard to such a key technology of the future.
US Ambassador to Argentina Hails Bitcoin Miner’s ‘Genius’ Flared Gas Power Generation Plans
The U.S. Ambassador to Argentina, Marc R. Stanley, has lauded Unblock Computing’s bitcoin mining initiative for its innovative use of flared gas in generating electricity. Ambassador Stanley commended the plan for its dual benefits: aiding Argentina in achieving its climate objectives and promoting energy conservation.
Argentina’s Climate Goals
The United States Ambassador to Argentina, Embajador Marc R. Stanley, has praised bitcoin miner Unblock Computing’s plan to generate electricity using flared gas. According to Stanley, Unblock Computing and its partner Crusoe Energy Systems’ ingenious plan not only helps the South American country attain its climate goals but also saves energy.
The remarks by Stanley, which he shared via X (formerly Twitter), followed reports that the Argentine Bitcoin miner had secured a million investment to power its operations at Vaca Muerta. Located in the Neuquén Basin in northern Patagonia, Vaca Muerta is said to hold one of the world’s largest shale gas reserves.
Expressing his delight at the two companies’ unique way of generating electricity, the U.S. Ambassador said:
Love seeing U.S. [and] Argentine companies work together to solve problems and help the environment. The geniuses at Crusoe [and] Unblock Global figured out a way to combust methane and generate electricity. This not only helps Argentina meet its climate goals, but also saves energy and makes money. Brilliant.
Ya somos el 2do minero con gas de flare del mundo! @UnblockComputos
Con una inversión de más de M en Argentina, junto a @CrusoeEnergy @PampaEnergia y @Petrocuyo hacemos que 0M de petróleo de Vaca Muerta se produzcan con menos emisiones @PluspetrolARG @Tecpetrol pic.twitter.com/zHS5dqm9YG
— Tomas Ocampo (@tomasoc) December 13, 2023
Meanwhile, in a Dec. 13 post on X, Tomas Ocampo, the founder of Unblock Computing, said the million investment is set to help Crusoe Energy Systems and its partners produce 0 million worth of oil with fewer emissions.
What are your thoughts on this story? Let us know what you think in the comments section below.
Open Games Unveils Luke Goss as Ambassador for Europe’s Leading Gaming, Art, and Blockchain Event
PRESS RELEASE. Zaragoza – Open Games is thrilled to announce the appointment of Luke Goss as the Ambassador for Europe’s most prestigious gaming, art, and blockchain event. This four-day extravaganza, Open Game Con, set to take place in Zaragoza, promises to be a unique celebration that highlights the transformative power of art, technology, and community.
With a vision to emphasize the essence of art and its profound impact on our lives, infrastructure, and collective spirit, this event aims to bring together art and technology in a quest for innovation, inspiration, and artistic evolution. Luke Goss, a celebrated actor, and musician, will spearhead this immersive experience, fostering a sense of community and boosting morale throughout the event.
The government officials of Zaragoza have demonstrated tremendous support for this ambitious event, contributing to its rapid organization and execution. Luke Goss expresses his deep gratitude for the opportunity and trust placed in him to bring this extraordinary celebration to life. He eagerly looks forward to welcoming a diverse array of attendees, urging artists and creatives to join him in filling the streets with their passion, kindness, and love.
Luke Goss, a recognized luminary in the entertainment industry, has left an indelible mark in both cinema and music with exceptional talent and versatility.
“I am thrilled to join this revolutionary event that merges art, technology, and gaming,” expressed Luke Goss. “Gaming and art are powerful forms of expression that have the ability to bring people together, and blockchain holds immense potential to reshape industries in exciting ways. I eagerly anticipate contributing to this convergence and celebrating creativity and collaboration at this unprecedented gathering.”
Open Games will host an esteemed lineup of guests, including Ahmed Bin Sulayem, a visionary leader widely acknowledged in the business and technology sphere. His participation in Open Games underscores DMCC’s dedication to innovation and the advancement of new technologies across various industries.
Furthermore, Mr. Michel Temer, former President of Brazil, renowned for extensive experience in public administration, will also grace the event. His presence at Open Games exemplifies his keen interest in technological advancements and support for the growth of the gaming and art industries.
Prominent companies participating in the event include Polygon Labs, featuring Sergio Varona as a distinguished speaker. Additionally, the Fantom Foundation, driving the realization of the transition towards Web 3.0, will also be present. Open Games promises an immersive and collaborative gathering, fostering the exchange of ideas and showcasing the latest innovations that shape the future of gaming, art, and blockchain.
For further information on Open Games and to stay updated on the event, please visit the official website at https://ogbcon.com.
For Business Inquiry Contact:
Mauro Blanco
CEO
Open Games Builders
mauroblanco@opengamesbuilders.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
CoinEx Ambassador (Futures Special Program) | The Win-win Strategy in a Bear Market: Referral Commissions of up to 60%
After LUNA crashed, cryptocurrency is bound to go through a long bear period. As BTC and ETH plunge for days, the assets that crypto investors hold in their wallets rapidly depreciate. Many crypto users have had no choice but to remain inactive as they wait for the next bull. Meanwhile, veteran investors have already started to profit from the bearish market conditions. For them, the sluggish market represents an incredible opportunity because the market decline is always much more volatile than the rise. Tapping into such market conditions, investors could adopt different bearish trading strategies to earn profits. This is especially true in futures trading where investors may profit from declines based on their predictions of the future market trend.
Futures trading: An opportunity to profit in a bear market
As the crypto market goes bearish in 2022, futures trading has become even more popular and attracted plenty of beginner investors. Compared with other types of crypto trading, futures trading is less beginner-friendly as it comes with high risks and difficult operations. Over recent years, CoinEx, a global crypto exchange, has been focusing on futures trading products and services. Committed to the idea of “Making Crypto Trading Easier”, the exchange sets out to turn sophistication into ease of use. With CoinEx Futures, traders benefit from straightforward trading mechanisms, as well as clear webpage layouts with a full range of functions. In addition, CoinEx also offers futures trading tutorials and made it easier to trade futures. Such advantages have quickly turned the exchange into the favorite futures trading platform of many beginners. So far, CoinEx’s futures trading volume has grown by over 700% year on year.
Aiming to become a bridge between all traders and the crypto world, CoinEx strives to build an easy-to-use trading platform. The CoinEx Ambassador (Futures Special Program) was launched to achieve a grand vision: introducing futures trading to all investors planning to trade cryptos.
About the CoinEx Ambassador (Futures Special Program)
CoinEx intends to build a team of CoinEx Ambassadors (Futures Special Program) who share the same visions and values for crypto trading. They recognize CoinEx products and services and can help more people engage in advanced crypto investments through the easy-to-use CoinEx Futures.
Earn referral commissions of up to 60% via win-win collaboration
Join the CoinEx Ambassador (Futures Special Program) now to profit from futures trading while earning trading fee commissions of up to 60%, delivering win-win results in a bear market.
CoinEx Ambassadors (Futures Special Program) will receive commissions of up to 60% on trading fees paid by referred users who have registered a CoinEx account and start trading futures via their referral link.
I. Duration
July 21, 2022, to October 21, 2022
II. Eligible applicants
Individuals with over 3,000 followers on an SNS platform, community leaders running a social media group of over 500 members, platforms, institutions, etc.
III. Benefits
- 60% referral commissions valid for three months since the day the application is approved;
- Futures trial fund + free CoinEx merchandise;
- Holiday gifts;
- Invite friends to join the program and receive 5% commissions on the rewards received by referred CoinEx Ambassadors (Futures Special Program).
IV. Application process:
- Open CoinEx’s official website (coinex.com), and get registered;
- Go to the Ambassador webpage (https://www.coinex.com/activity/ambassador), then enter the referral code “futures”, click on [Apply Now], and fill out the application form.
- After your application is approved, you’ll receive a welcome e-mail from CoinEx;
- Go to the CoinEx website (coinex.com), click on [Referral Rewards] below [Account], and then copy their referral link or code;
- From July 25 to October 25, 2022, you’ll receive 60% commissions on the futures trading fees paid by referred users as long as they get registered via your referral link or code and start trading futures on CoinEx.
Join the program now to become a crypto advocate. As a CoinEx Ambassador (Futures Special Program), you can not only earn larger profits in a bear market but also help beginners by sharing your advantages and expertise. Together, CoinEx Ambassadors (Futures Special Program) and CoinEx will facilitate crypto progress and the mass adoption of cryptocurrency, allowing more users in need to benefit from futures trading while delivering win-win results.
Over the years, CoinEx, a crypto pioneer, has kept refining its products and sought to turn sophistication into ease of use to serve investors around the world. In the future, the exchange will keep pursuing ease of use in terms of product development, token listing, and customer service to help more users feel the charm of crypto investments.
“Global economy can be fixed by digital transformation & blockchain technology,” says H.E. Justin Sun, Ambassador for Grenada to the WTO
H.E. Justin Sun, the founder of TRON, joined the Grenada Government as its WTO Ambassador last December. He talked about some serious issues at the Twelfth Ministerial Conference (MC12) of the World Trade Organization (WTO). Sun spoke during the conference on SIDS (Small Island Developing States), climate change, oceans, e-commerce, and other issues.
The Conference has various topics such as post-COVID economic crisis, food safety, environment protection, food safety and security, IP protection on coronavirus vaccines, e-commerce moratorium on customs duties, and trade facilitation, according to the press release.
At the conference, he also stated that “Grenada is heavily dependent on a very predictable, transparent and efficient MTS (multilateral trading system),” and he is “working closely with WTO’s program on e-commerce in support of digitizing the economy.”
As per a video published by the Organization of Eastern Caribbean States (OECS) on YouTube, Sun says, “Grenada is facing an increase in commodities prices, climate crisis, and environmental emergencies.” These can be fixed, or at least can have a recovery initiation, by simply empowering e-commerce and a borderless digital economy.
Sun is not a new player in the market. He founded TRON in 2017, which is now one of the top three public chains worldwide. So, as per the government of Grenada, Sun will use his experience in blockchain technology to digitize its trade, investment, and governance processes.
In addition, Ministers made two critical decisions: the Work Programme on Small Economies and the TRIPS non-violation and situation complaints and; a Sanitary and Phytosanitary Declaration for the Twelfth WTO Ministerial Conference: Responding to Modern SPS Challenges.
On the margins of MC12, the OECS also took the opportunity to have a series of engagements with essential partners, namely the International Trade Centre, the Commonwealth Secretariat, the Organisation of African Caribbean and Pacific States, and the United Nations Industrial Development Organization. (source)
H.E. Justin Sun seems to be playing a pivotal role in the economic development of Grenada. During his term of office, Sun also said he would actively advocate for cooperation between Grenada and other countries in various fields and boost economic growth through digital technologies to collaborate on the new issues that emerge from digital transformation in the post-COVID era.
Cardano Ambassador Addresses FUD Surrounding The Project
Cardano has been in the middle of some major FUDs these past weeks and this has not been good for the value of the digital asset. Numerous negative news circulated around the asset, the most prominent being the delisting of ADA for U.S. users from the eToro crypto exchange. Since then, the altcoin has suffered massive dips that have sent the price of the digital asset towards three-month lows.
Related Reading | Cardano Founder Addresses Liquidity Concerns Over eToro Delisting
Although news of the delisting is a week out, the FUD surrounding the project has not subsided. This has prompted a Cardano ambassador to take action and has led to a run-down of why the FUD around the digital asset has refused to die out.
Cardano Is A Legitimate Alternative To Ethereum
The Cardano ambassador took to Twitter to address all of the FUDs that have been circling the altcoin in recent weeks. For one, they explain that most of it have been because Cardano presented the only legitimate alternative to the leading smart contracts platform, Ethereum. This leans into the fact that Cardano has often been proposed as an “Ethereum killer” after smart contracts capability has debuted on the blockchain.
They pointed to the network activity that showed that Cardano’s activity has consistently been on the rise in the past few weeks. While Ethereum had maintained momentum in the same time period, Cardano had spiked significantly, pointing to increased adoption. Yet, the market continued to treat the digital asset like it is a failing project.
Furthermore, Cardano had recorded such heavy spikes in network activity despite still being a bit away from the first decentralized exchanges launching on the network. Right now, NFTs are the only avenue with which both blockchains compete and Cardano has already recorded more activity.
Cardano network activity spikes above Ethereum | Source: Twitter
The ambassador closed out the Twitter thread by saying pointing out that the network has not really been given any benefit of the doubt since it launched. Nevertheless, the project has proved the market wrong and will continue to do so.
We have never been given the benefit of the doubt by the industry.
We were told we could never do PoS and our consensus will never work – we proved them wrong.
Now we are told our ecosystem will not have any worthwhile dapps and we will prove them wrong again.
— Southrye – (₳) (@Southrye) November 28, 2021
ADA continues to suffer dips | Source: ADAUSD on TradingView.com
ADA Struggles Against FUD
The impact of all the FUD that has been circling the project has shone through in the price of ADA. The digital asset had dipped below .5 for the first time in three months and had touched the low .4 before recovery back up again. All progress that Cardano had made during this period had been buried underneath the FUD and panic among investors as sell-offs continued.
Related Reading | Cardano Active Addresses Shoots To New Highs Amid Downtrend
Despite this, the asset has not lacked support from its community. Taking to Twitter, others expressed their outlook for the future of the cryptocurrency. Choosing to focus instead on the potential of the blockchain instead of the current situation.
$ADA can be more scalable than #ETH. #Cardano uses a fraction of the energy of $BTC & $ETH. Ether’s fees are high & #ADA is a strong competitor. $ADA's scarcity of 45B coins will lead to an increase in value & demand, and will also provide banking services to the Worlds unbanked
— Andrew | Investing, Stocks & Crypto (@FluentInFinance) November 28, 2021
Cardano founder Charles Hoskinson also took time out to approve of the message being passed. The founder tweeted that others were terrified of Cardano due to being a self-sustaining project that doesn’t need outside help to grow.
And they are terrified because there doesn't need to be some magical Cardano 2 to survive. It's a future proof design and we are systematically building towards it together with the strongest and most engaged community brick by brick https://t.co/JDOKhAwrZA
— Charles Hoskinson (@IOHK_Charles) November 28, 2021
Featured image from Bitcoin News, chart from TradingView.com
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British Royal, US Ambassador Say Tech, Blockchain Can Help Fight Human Trafficking
n Dignitaries and experts noted the potential of new tech like blockchain in fighting human trafficking at a conference in Viennan
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Metaverse Launches Global Ambassador Program
15 January 2018 – In line with Metaverse’s aim of expanding its global presence and increasing community engagement, we’re pleased to announce the launch of the Metaverse Ambassador Program: a comprehensive plan to support a community of driven blockchain enthusiasts and elevate their reach.
Metaverse aims to revolutionize the way financial services and transactions are processed, and confidence is growing among financial institutions that blockchain technologies will ultimately transform how services are conducted, operated and delivered. As an extension of our vision of building a new reality, ambassadors will take the lead in fostering authentic and long-lasting relationships with the Metaverse community globally.
Become an Ambassador
We’re looking for global-minded and regional experts, practitioners, influencers, instigators and innovative and strategic thinkers who are:
– Passionate about Metaverse’s vision and values
– Ready, capable and motivated to nurture awareness about Metaverse and build connections around the world
Benefits
As an ambassador, you will receive exclusive opportunities to attend meetups, coaching sessions, and webinars that will expand your skills, knowledge base and social network.
Apply to be a Metaverse Ambassador
Join us on our journey towards constructing a new reality! Visit our website at https://mvs.org/Ambassador-Program.html for more information.
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The Dollar Vigilante Becomes Experty Ambassador
Zug, Switzerland, December 8th, 2017 – Experty has some exciting news.
A few days ago Experty spoke with Jeff Berwick about Experty on his popular YouTube channel, The Dollar Vigilante (over 135k subscribers from crypto). You can view the discussion HERE. Jeff has done his research and has decided to become an ambassador for Experty! We are very happy to have him on board.
Speaking of why he’s promoting Experty, Berwick commented:
I’m going to be using the product myself because I think it’s very needed. […] There’s going to be a huge demand and need for Experty. I’m really looking forward to seeing it launch, i’m looking forward to seeing the ICO come out as well.
What does this mean for Experty?
Jeff is very influential in the crypto scene. During our talk with him, he stated that Experty is very needed and that he will be using the application. Blockchain experts and influencers such as Jeff have the power to expand and strengthen the community around Experty.
The Experty buzz is growing as major players in the crypto scene continue to get on board. We are currently registering interest for the pre-ICO, with bonuses up to 60%. Don’t miss out on this opportunity to get involved too!
Learn more about Experty → experty.io
Join our Telegram → t.me/experty_io
Youtube interview
The post The Dollar Vigilante Becomes Experty Ambassador appeared first on NEWSBTC.