gormed.net http://gormed.net/ Tue, 27 Apr 2021 10:42:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://gormed.net/wp-content/uploads/2021/04/cropped-cropped-cover-32x32.png gormed.net http://gormed.net/ 32 32 HORRIBLE CREDIT UNSECURED LOANS NO PRICE HIGH PRICE Related Articles https://gormed.net/horrible-credit-unsecured-loans-no-price-high-price-related-articles/ Tue, 27 Apr 2021 10:31:54 +0000 https://gormed.net/horrible-credit-unsecured-loans-no-price-high-price-related-articles/

Federal student loans for nursing schools are money borrowed directly from the US government or the US Division of Schooling. Students should have a source of short term income, if you want to borrow a small amount, for example to fund your university business, to update your personal website, or for any other requirement, it is best to deal with the through a registered or experienced loan. broker only, as many organizations allegedly thrive on the Internet as well. We continue to lend at the highest rates in the United States. Take a look at our payday loan and installment loan offerings and see if it’s worth it.

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If you plan to borrow money from loved ones or business associates, be sure to pay them back as soon as possible. There are also private secured loans. This should embody any curiosity or any price added to your account as a result of taking over the cost. When you face a financial setback or disaster, you may be considering a payday mortgage. A pioneer in student loan refinancing, SoFi can also help you refinance your loans and pay them off sooner.

Conclusion – The payday mortgage should be avoided in many eventualities, but if you have some kind of emergency and you need the money fast and you can also pay it the next payday, it could be the only option, otherwise go for a personal mortgage. Buyers whose functions are denied pose increased credit risk to the business and typically experience declining income and deteriorating credit. stories. He might have the loan for a particular term and will have to make funds on time.payday loan

Applying online is the right decision for instant financial assistance. Whether you are a self-employed person or an employee trying or not trying to complete each goal, whenever there is an unusual expense like the wedding of a child, renovating your home or private furnishings, training youth college, homemaker vacation or some other dream come true, use non-public loans. Naturally, Payday Loans In New York State, it is usually enough to get payday loans which you have to spend in all respects, unforeseen value finds its means in your life.

Find out what limited cash your bank card has and use the borrowed money to deal with emergencies with ease. These are used to avoid being late with conventional mortgage payments. If you are getting a payday mortgage because buying something is essential, you need to determine if that purchase is appropriate. Payday Loans Online The kind articles and blogs have really helped me a lot, thanks for the valuable information. With a cashless business loan, some lenders would ask you to provide an asset as collateral.

Loans can also sometimes be referred to as cash advances, although this period may refer to cash provided to a pre-established private line of credit, such as a credit card. If a person’s credit score history had overdue funds for an installment or revolving credit account, it could actually adversely impact their credit rating. Apply for a credit score builder loan. It helps to know that there are alternatives available to you throughout this period, but they are very limited and the fees and charges can be considerably higher on the mortgage after bankruptcy, and you could be required to seize an asset as security or to apply to a guarantor.

The best jobs for the green energy revolution https://gormed.net/the-best-jobs-for-the-green-energy-revolution/ Tue, 27 Apr 2021 07:18:20 +0000 https://gormed.net/the-best-jobs-for-the-green-energy-revolution/
Source: EU ETS Handbook

For companies that fail to accumulate enough allowances or reduce their emissions as a result, they face a fine of around 100 euros per excess tonne of carbon emitted, as well as the obligation to accumulate quotas in the coming years to cover those not covered in previous years. The system is structured such that there are significant penalties for participants who fail to meet emissions targets.

The benefits of using a ‘cap and trade’ system as a means of achieving carbon emissions targets are that it allows the market to determine how emissions can be reduced at the lowest cost to consumers. consumers and the economy. This means that the price of carbon is effectively set by the market through the supply and demand of allowances. Compared to more traditional methods of simply taxing carbon emitters, a “ cap and trade ” system offers much more flexibility and efficiency, resulting in reduced carbon emissions by businesses and operators. industries that will bear the least cost to do so.

First launched in 2005 as a pilot program, the Emissions Trading System is now in its fourth stage and has undergone several changes throughout its history. Phase 1 (2005-2007) was the test phase in which too many allowances were issued, which caused the price to drop to zero. This oversupply is in part due to the fact that companies themselves voluntarily overestimate their carbon emissions, thus allowing them to access a greater number of allowances.

Phase 2 (2008-2012) was also motivated by an oversupply of Phase 1 allowances and coincided with the Great Financial Crisis, both aimed at keeping prices low. On the other hand, phase 3 (2012-2020) made it possible to reduce the offer and increase the number of participants. Phase 3 was successful and established the EU ETS as one of the most effective measures in the world to tackle carbon emissions. The system is expected to further reduce supply and increase participants throughout Phase 4 (2021 and beyond).

What is important to note with regard to phases 3 and 4 is that the number of available quotas has decreased, the number of participants who were previously entitled to free credits is decreasing, and finally, the number of industries and countries included under the scheme is increasing. As it stands, 27 European Union countries are part of the program, as well as non-EU countries, Norway, Liechtenstein and Iceland. As I will discuss in the next section, the dynamics of supply and demand for the scheme indicate that the prices of these allowances are strongly biased upwards.

Dynamics of supply and demand

The current supply of allowances is what is known as the total number of allowances in circulation, or TNACs. This figure is currently set at around 1.4 billion tonnes of carbon emissions per year. The system’s emissions targets are a 43% reduction in emissions from 2005 levels when the system was launched. This implies a linear reduction in emissions of 2.2% per year from 2020 to 2030. TNAC will reduce accordingly in accordance with the emission reduction target. Simply put, the supply of allowances will decrease every year.

This creates a simple dynamic within the diagram; a reduction in supply coupled with an increase in demand. The system is biased towards higher prices. The advantage of the system is that it creates incentives to increase the prices of allowances for almost everyone involved. The higher the price (i.e. the higher the cost of carbon emission), the more companies have an incentive to hold credits and therefore less greenhouse gases are emitted. In addition, governments not only have an environmental incentive for higher prices, but because the sovereign governments of the many countries involved in the program are the ones who actually distribute allowances to participating companies, they receive revenue directly through the auction. to do this. Again, higher prices equate to higher incomes.

To some extent, the quotas themselves are viewed by participants as a store of value. They are aware that prices will increase, they are aware that the supply of allowances will continue to decline and they are all required to hold enough allowances to carry out their activities as they are. There is little incentive to sell. Analyzing this supply and demand dynamics from a stock-flow perspective as one would for gold, bitcoin or other scarce assets again presents a favorable outlook for price. Also, unlike gold or bitcoin, it is in the interest of governments to see prices rise. The system is defended by government policy rather than an alternative to government policy.

To give an idea of ​​how the supply and demand dynamics of the system will work in the years to come, Lawson Steele of Berenberg Bank, one of the world’s leading experts on the EU ETS, is projecting a cumulative supply deficit of about 99% in 2024! If such projections were modestly true, there would be a huge increase in the price of allowances in the years to come.

However, it should be noted that the EU is somewhat wary of a too rapid rise in prices and has put in place measures to combat such a rapid rise in prices if it were to be too damaging for the companies involved in the process. ‘ETS. If necessary, policy makers (will attempt) to intervene through what is known as the Market Stability Reserve (MSR), as well as the possibility of modifying the supply of allowances as defined by the Article 29a of the ETS.

The MSR is essentially a feature of the system that controls an over or under supply of allowances. Introduced in 2019, the MSR strives to reduce supply (i.e. TNAC) when there is an abundance of allowances, and increase TNAC when there is a potentially shortfall in allowances. detrimental. The idea behind the MSR is to allow prices to rise smoothly with minimal volatility.

Likewise, Article 29 bis of the scheme directive obliges decision-makers to monitor the dynamics of supply and demand and to intervene by reducing or increasing supply if deemed necessary. While the purpose of Article 29 bis is again to try to get prices to rise in an orderly fashion, the actual rules it contains are murky in nature and very open to interpretation. In addition, the many sovereigns concerned will want different prices depending on their industries included in the ETS, thus creating in some way a potential conflict of interest between the participants and thus increasing the difficulty of intervention via Article 29 bis. .

While the most important risk is an excessive rise in prices to the point that policymakers deem it appropriate to intervene, such a risk could be considered insignificant given that prices must go up first to justify such intervention. To be clear, policymakers most certainly want higher prices. These measures are more aimed at achieving these higher prices in an orderly manner. Ultimately, the priority of the program is to reduce GHG emissions, and if the price has to go up to achieve that, so be it.

Techniques and means of negotiating

To top it off for EU carbon allowances, it’s the technical aspects. The allowances themselves can be traded on the futures market. This US futures market has a market capitalization of nearly $ 300 billion with a significant level of liquidity.

From a long-term technical standpoint, the recent breakout of the decade and the base model remain immensely optimistic.

ICTS surveys: the new tool of the Department of Commerce https://gormed.net/icts-surveys-the-new-tool-of-the-department-of-commerce/ Tue, 27 Apr 2021 07:00:46 +0000 https://gormed.net/icts-surveys-the-new-tool-of-the-department-of-commerce/

Strong points

  • The US Department of Commerce (Commerce) may now prohibit or otherwise restrict certain “transactions” related to Information and Communications Technology and Services (ICTS) that pose an undue or unacceptable risk to the national security of States -United or the safety of US nationals when these transactions involve “adversaries.”
  • The expanded power of commerce covers the future and In progress ICTS of pre-existing contracts and gives wide latitude to the Secretary of Commerce to assess and address threats from six identified “foreign adversaries”: China (including Hong Kong), Russia, Iran, North Korea, Cuba and Venezuela.
  • Preclearance procedures or a licensing process for entities seeking pre-approval before engaging or continuing to engage in ICTS transactions are under development and open to public comment until April 28, 2021.

In May 2019, the Trump administration released Executive Decree 13873, which aimed to control the use of certain information and communication technologies and services (ICTS) purchased from “foreign adversaries”. Then, the day before the Trump administration left in January 2021, the United States Department of Commerce (Commerce) issued interim regulations intended to secure ICTS supply chains (ICTS Interim Rule).

There was a lot of speculation as to whether the Biden administration would use this new tool or if it would simply be dismissed as yet another hijacking of Trump-era policies. However, with no adjustment from the Biden administration, the ICTS Interim Rule went into effect on March 22, 2021.1 In fact, the Biden administration embraced the concept even before the new regulations went into effect. On March 17, 2021, the Commerce Department issued subpoenas to several Chinese companies to obtain information about their ICTS activities in the United States.

Presentation of ICTS rules

Under the ICTS Interim Rule, Commerce may prohibit or otherwise restrict, on a case-by-case basis, certain acquisition and use transactions (including individual commercial sales) that 1) were initiated, pending or completed on or after January 19, 2021; 2) involve ICTS and 3) have been “designed, developed, manufactured or supplied” by a person under the control of a “foreign adversary” or under the jurisdiction of a “foreign adversary”. Currently, named “foreign adversaries” include China (including Hong Kong), Cuba, Iran, North Korea, Russia, and Venezuela. The list, however, is not static and may be reviewed and revised at the discretion of the US Secretary of Commerce (Secretary).

Changes from the proposed rule and persistent obstacles

Contrary to the proposed rule, the procedural flaws of which were corrected in a previous Holland & Knight alert (see “Proposed MTS Supply Chain Review Regime Raises Procedural Issues, “December 26, 2019), the ICTS Interim Rule has a more defined and limited scope – applying to transactions with six specific” foreign adversaries “, referred to as” foreign adversaries “, which involve ICTS hardware, software or technology product from one of the six sectors.It is important to note, the ICTS Interim Rule also:

  • develops examination protocols
  • defines key terms (for example, “undue or unacceptable” risk)
  • develop a mechanism for parties to request a meeting with trade officials following an initial decision (which the trade secretary may decline, at his discretion)
  • confirms that the secretary can take into account mitigating factors when assessing an ICTS transaction risk, and
  • sets a date for Commerce’s review, typically requiring that the final determination be made within 180 days of the start of the review2

In some respects, however, the ICTS Interim Rule retains the overly inclusive nature of the proposed rule. By way of example, the Secretary continues to be able to closely examine Americans’ acquisition or use of ICTs, such as cloud and network management or data storage, in all sectors. .

Transactions subject to review

An “ICTS transaction” covers acquisitions, transfers, installations, importation and transactions or use of ICTS that took place on or after January 19, 2021, as well as ongoing activities such as transmissions , software updates, platform or data hosting for consumer downloads. and managed services. Therefore, even if the underlying contract was entered into before January 19, 2021, the installation of subsequent software updates may be revised as a new separate ICTS transaction.3

To trigger the review process, the ICTS transaction must meet certain criteria. First, ICTS must belong to one of the following six product and technology categories.

  1. Critical infrastructure: ICTS transactions in one of the 16 identified critical infrastructure sectors and in any sub-sector or sector subsequently designated, which includes, but is not limited to, the information and communications technology sectors and which overlaps, but is not a direct replica of the investment critical infrastructure sectors covered identified by the Committee on foreign investment in the United States (CFIUS)
  2. Network infrastructure: ICTS which is an integral part of software, hardware or any other product or service integrated with wireless LANs, mobile networks, satellite payloads, satellite operations and control, cable access points, to wired access points, backbone network systems, or transport systems
  3. Data hosting or calculation of sensitive personal data: ICTS which is an integral part of data hosting or IT services that interact with sensitive personal data4 over 1 million U.S. people at any time in the 12 months leading up to an ICTS transaction (readers familiar with the CFIUS review process will note that the definition of personal data in the ICTS provisional rule generally follows that offered by the CFIUS)
  4. Popular surveillance and monitoring devices, home networking devices: If 1 million units of that item in question have been sold to U.S. nationals at any time during the 12 months prior to an ICTS transaction
  5. Popular communication software: Software designed primarily to connect and communicate over the Internet and used by over one million people in the United States at any time in the 12 months preceding an ICTS transaction, including desktop, mobile, web-based applications and play, or
  6. Emerging technology: ICTS which is an integral part of artificial intelligence and machine learning, quantum key distribution, quantum computing, drones, autonomous systems or advanced robotics

Second, the ICTS product must be purchased (i.e. supplied, developed, manufactured or designed) by a person controlled by, owned or subject to the direction or jurisdiction of a designated “foreign adversary” – currently. , China (including Hong Kong), Cuba, Iran, North Korea, Russia or Venezuela. To put into context, in determining whether a non-Chinese entity is controlled by China, the secretary may take into account factors such as whether the non-Chinese entity or its suppliers are carrying out key operations (e.g. research and development , manufacturing, testing and distribution) in China, or have key personnel, employees, consultants or contractors in China.

Transactions not covered by the ICTS provisional rule

Only two types of transactions are not covered by the ICTS provisional rule:

  1. acquisition operations of ICTS items authorized under a US government industrial security program
  2. transactions examined or under examination by the CFIUS

Proceed with caution, however, as the Commerce Department retains the authority to review an ICTS transaction if it is separate and subsequent to a transaction reviewed by CFIUS. Therefore, examining the CFIUS related to a particular ICTS does not in itself provide a safe haven for future transactions involving the same ICTS.

Further, although Commerce did not explicitly exclude them, it indicated that transactions involving ICTS hardware devices such as handsets would not be of particular interest to the agency.

Trade review mechanism and sanctions

The trade can initiate a review unilaterally (i.e. at the discretion of the secretary), or on the recommendation of an appropriate agency manager or private party (e.g. an industry competitor) . The Commerce Department’s review will typically last 180 days, from the day of acceptance to the final determination, and will begin with the assessment of a non-exhaustive list of 10 criteria to answer an introductory question: The ICTS transaction likely pose an “undue or unacceptable risk” to US national security?

  • If it probably isn’tThe Department of Commerce will terminate the examination without prejudice, which means that the agency may review the transaction if additional information is revealed.
  • If it’s probable, The Department of Commerce, in interagency consultation with other appropriate agencies (including, but not limited to, the United States Department of the Treasury, the Office of the United States Trade Representative, and the United States Department of State), will determine whether the ICTS transaction actually poses an unacceptable or unacceptable risk, by looking at the same 10 non-exhaustive criteria, and serve as its initial determination.5 Interestingly, Commerce has a choice of how it serves the parties – either through publication Federal Register or through more traditional routes such as US registered mail, email, etc.

Trade initial determination will 1) explain the agency’s basis for prohibiting the transaction or imposing mitigation measures on it and 2) giving the parties 30 days to provide comments. If the parties respond, Commerce must begin another round of inter-agency consultations to consider any new evidence or arguments. If the parties do not respond, Commerce may proceed without further inter-agency consultation. Commerce will then publish its final determination, either by allowing, prohibiting or imposing mitigating measures on the transaction, in the Federal Register. No other administrative appeal process is available, and violations of Commerce’s final rulings or imposed mitigation measures can result in serious criminal and civil liability (up to $ 307,922 or twice the value of a transaction. by violation).

Conclusion and next steps

Given bipartisan support for decreasing reliance on China in critical supply chains and the secretary’s own statements that ICTS from China warrant further scrutiny, it is expected that a fair number of Commerce exams will have a link with China.6 For advice on the impact of the ICTS Interim Rule on your operations or for assistance in commenting on the preclearance and licensing procedures before April 28, 2021, please contact the experienced lawyers at Holland & Knight’s International Trade Group.

Experts will visit Pakistan Steel Mills oxygen production plant today https://gormed.net/experts-will-visit-pakistan-steel-mills-oxygen-production-plant-today/ Tue, 27 Apr 2021 06:41:00 +0000 https://gormed.net/experts-will-visit-pakistan-steel-mills-oxygen-production-plant-today/
A view of Pakistan Steel Mills (PSM).
  • A team of experts will visit Pakistan’s steelworks today to assess the situation.
  • The technical committee includes representatives from the Engineering Development Council and the Pakistani Army.
  • Raza Rabbani called on the government to reactivate the PSM oxygen plant.

ISLAMABAD: Amid concerns over a possible oxygen shortage in the country due to the COVID-19 outbreak, the Ministry of Industries and Production has decided to assess the Pakistan Steel Mills gas production plant (PSM) and see if it can be restarted to meet the demand.

According to Geo News sources, a delegation of technical experts will visit PSM today and explore the possibilities.

The technical committee includes representatives from the Engineering Development Council and the Pakistani military, the sources said.

The PSM plant has the capacity to produce 15,200 cubic meters of gas per hour.

Experts believe that it will not be necessary to activate the main plant of the steelworks to operate the oxygen plant. In addition, cylinder manufacturing is also possible at PSM if required.

Rabbani asks to make the plant functional

Former Senate President Raza Rabbani called on the government to reactivate the PSM oxygen plant which was closed in 2015 and to reinstate 40 engineers from the plant to make it functional.

“The majority of the 40 engineers and workers working at the oxygen plant have been removed, they should be immediately reinstated so that the plant can be made operational within a week on a war footing,” he said. .

He said if this plant was up and running immediately, it could meet the oxygen demand across the country and ease the pressure on hospitals asking for more oxygen.

He said the steelworks oxygen plant has a capacity to produce 520 tons of pure oxygen per day.

Rabbani said the federal government’s failure to tackle the COVID-19 crisis has led to one peak after another.

Ministry of Commerce Launches COVID 19 Helpdesk to Solve Import and Export Issues https://gormed.net/ministry-of-commerce-launches-covid-19-helpdesk-to-solve-import-and-export-issues/ Mon, 26 Apr 2021 09:17:55 +0000 https://gormed.net/ministry-of-commerce-launches-covid-19-helpdesk-to-solve-import-and-export-issues/

The Commerce Department said on Monday it had launched a COVID-19 helpline to help resolve issues for exporters and importers related to international trade such as customs clearance delays and banking issues.

The General Directorate of Foreign Trade (DGFT), a branch of the ministry, has taken this initiative to monitor the state of exports and imports, and the difficulties encountered by trade players in the face of the surge in COVID-19 cases.

“The DGFT has therefore set up a ‘COVID-19 Helpdesk’ to support and seek appropriate solutions to problems related to international trade,” the ministry said.

He added that the help desk would look into issues related to import and export licensing, customs clearance delays and associated complexities, import / export documentation and banking matters.

“The Helpdesk would also collect and collate trade-related issues regarding other central and state government ministries / departments / agencies and coordinate to seek their support and provide an eventual solution,” he said.

Stakeholders can submit information on the DGFT website on their issues for which support is required.

“The status of resolutions and comments can be tracked using the status tracker under DGFT helpdesks. Emails and text messages would also be sent as the status of these tickets is updated, ”the ministry said.


Nominations for the Event Production Awards close on April 30 at 5 p.m. https://gormed.net/nominations-for-the-event-production-awards-close-on-april-30-at-5-p-m/ Mon, 26 Apr 2021 09:12:47 +0000 https://gormed.net/nominations-for-the-event-production-awards-close-on-april-30-at-5-p-m/

The deadline for registration for the 2021 Event Production Awards is Friday 30 at 5 p.m.e April. The annual awards, which have been held since 2012, recognize excellence among organizers and providers of outdoor events.

Due to the pandemic, this year sees a very different set of rewards as well as a different planned event.

Duncan Siegle, Director of the Awards Event and Event Production Show, said: “We hosted the awards at the start of March 2020 and it became one of the last live events to have. location. The next 12 months were disastrous for the events industry, with very few events being able to be organized, and those subject to extremely strict restrictions. The work that has been done over the past year by businesses and individuals should not go unnoticed. So we decided that the awards would still be running, with a reduced number of categories reflecting the year we had to endure. We encourage everyone to take a look at the categories and see what they could enter. “

This year, the rewards will start at 5 p.m. on the first day of the Production Show event. They are free to enter and attend. You can check out the categories on the Event Production Show website, along with all the relevant information, here.

Categories include Best Supplier Company Pivot, Staff Well-Being Award, Best Online Festival, Best Covid Safe Event (Music and Non-Music), and the Editor’s Award for Achievement exceptional person during the last 12 months.

Siegle added, “The Event Production Show will be one of the first live events to open on May 26 and we want to bring the industry together to help jumpstart business, reconnect and celebrate that normal. come back. We want the industry to come together at the show and the awards will be the starting point for a party we’re having for the industry. There is no charge to attend, you just need to be in the show on May 26 at 3:30 p.m. until we close the doors later in the evening. “

Sponsors of the awards include DAM Health, Silent Seminars and Pop Up Pubs.

You can register for the Event Production Show and therefore the rewards here.

]]> Binance to add shares of Apple, Microsoft and MicroStrategy as exchangeable tokens https://gormed.net/binance-to-add-shares-of-apple-microsoft-and-microstrategy-as-exchangeable-tokens/ Mon, 26 Apr 2021 08:38:48 +0000 https://gormed.net/binance-to-add-shares-of-apple-microsoft-and-microstrategy-as-exchangeable-tokens/

A few weeks after launching its latest product – tradable equity tokens – Binance decided to expand the portfolio with stocks from MicroStrategy, Apple and Microsoft. The three new additions will go live at the end of April.

Binance to add MSTR, AAPL and MSFT

As CryptoPotato reported a few weeks ago, the world’s first cryptocurrency exchange launched a new service called Binance Stock Tokens. By partnering with German investment firm CM-Equity AG and Swiss firm Digital Assets AG, Binance introduced commission-free tradable stock tokens with a coin representing a share of the capital.

The initiative started with Tesla (TSLA), and the exchange added shares of Coinbase (COIN) shortly after the company went public. Earlier today, Binance ad it will add three new stock tokens.

Namely, these are the shares of Apple (AAPL), the American multinational technology giant – Microsoft (MSFT), and the economic intelligence giant of Michael Saylor – MicroStrategy (MSTR). They will be listed as follows:

  • Microstrategy (MSTR / BUSD) at 2021-04-26 13:30 (UTC)
  • Apple (AAPL / BUSD) at 2021-04-28 13:30 (UTC)
  • Microsoft (MSFT / BUSD) at 2021-04-30 13:30 (UTC)

It should be noted that Binance stock tokens come with some restrictions. They are only tradable during US market hours and are not available to residents of Mainland China, Turkey, the United States, and other countries.

MicroStrategy’s link with the crypto industry

Microsoft and Apple have no deep affiliation with the cryptocurrency space, so their addition to Binance could be attributed to their popularity and being two of the biggest companies in the world. MicroStrategy, on the other hand, is at the heart of the industry, and bitcoin in particular.

The NASDAQ-listed company announced in August last year its first massive purchase of over $ 200 million of BTC. Since then, MicroStrategy and its founder and CEO, Michael Saylor, have made numerous frequent purchases with a total value of over $ 2 billion.

Saylor has become one of the leading cryptocurrency’s strongest supporters. The executive hosted a large conference aimed at educating CEOs of other companies on the merits of bitcoin.

Most recently, Saylor participated in an online discussion titled The great debate. In it, he and Frank Guistra – a well-known gold supporter – argued whether BTC was a better investment tool than the precious metal.

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Microfinance, unsecured SME loan pools will be the most stressed if lockdowns become more severe: ICRA https://gormed.net/microfinance-unsecured-sme-loan-pools-will-be-the-most-stressed-if-lockdowns-become-more-severe-icra/ Sun, 25 Apr 2021 14:10:00 +0000 https://gormed.net/microfinance-unsecured-sme-loan-pools-will-be-the-most-stressed-if-lockdowns-become-more-severe-icra/ The year-on-year gross bank credit deployment to MSEs in January remained above 6%. (Representative image)

Credit and financing for MSMEs: Microfinance and unsecured SME loan pools are likely to be the most stressed among retail lending if there is an increase in the severity of lockdowns in various cities, according to rating agency ICRA. As Covid cases continue to explode in April, even as state governments have imposed restrictions to stop the jump, concerns have been raised about the quality of the retail lending assets of non-bank financial companies. “Movement restrictions would impact collection efforts for NBFCs, especially for microfinance loans where cash collections remain dominant,” the agency said in its latest report.

“The restrictions at present are localized and less severe, but their severity is gradually increasing as the surge in Covid cases is not yet under control. In the securitization transactions rated by ICRA, we have seen pools of unsecured microfinance and SME loans reporting the largest defaults last year after the end of the moratorium period, ”said Abhishek Dafria, Vice-President and Head of Structured Financial Ratings at ICRA. Auto loan pools and home loans / loans against real estate pools followed lending to SMEs in terms of defaults.

Also read: CLCSS: Small Businesses Supported in FY21 in Highest Technology Upgrading Program in Five Years

Domestic securitization volumes had declined to a quarterly record high of around Rs 7,500 crore in the first quarter of fiscal 2021 due to the national foreclosure, although there was healthy sequential growth in subsequent quarters with a volume of around Rs 40,000 crore in the fourth quarter of fiscal 2021. “Following the second wave of the pandemic, ICRA expects securitization volumes to be impacted again in the first quarter 2022, as NBFCs and HFCs will be more selective in new loans, reducing their funding needs as investors for securitized pools may once again show a ‘wait and watch’ approach. “

“Securitization of microfinance and loans to SMEs, which had experienced a decline of about 70% year-on-year in fiscal year 2021, would pay the price. Nevertheless, if the rise in Covid business is soon brought under control with a limited impact on economic activities, we expect that the overall securitization volumes will experience an increase of 40 to 50% year-on-year during fiscal year 2022 with a high proportion securitization during the second half of the year. taxation, ”Dafria added.

Meanwhile, the deployment of one-year gross bank credit to micro and small enterprises (MSEs) in January remained above 6% at Rs 11.48 lakh crore against Rs 10.79 lakh crore in January 2020, according to the bulletin. of March 2021 from the Reserve Bank of India. However, January’s year-on-year growth contracted slightly by 0.2% from 6.6% year-on-year growth in December. The rollout in December 2020 was Rs 11.31 lakh crore against Rs 10.61 lakh crore during the period of the previous year.

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KuCoin Token (KCS) is listed on the AscendEX platform https://gormed.net/kucoin-token-kcs-is-listed-on-the-ascendex-platform/ Tue, 20 Apr 2021 01:48:00 +0000 https://gormed.net/kucoin-token-kcs-is-listed-on-the-ascendex-platform/

KuCoin Token (KCS) is the underlying asset of the KuCoin exchange. The initial supply of KCS has been set at 200 million, and there is a monthly burn plan until there are only 100 million KCS left. The last KCS engraving was performed on April 14, in which 160,723 KCS valued at 1,983,246 USDT were burned.

At present, the total supply of KCS is around 169 million with a circulating supply close to 79.28 million. According to CoinMarketCap, KCS now ranks No. 91 with a market cap of $ 1.16 billion.

KCS has been integrated with KuCoin products and services in several ways. One of the most popular use cases is the KCS bonus. Users who hold at least 6 KCS can get a daily bonus, which comes from 50% of the daily KuCoin trading fee income.

KCS can also be used to pay trading fees on KuCoin with a 20% discount. Additionally, KCS use case includes participating in token selling on KuCoin Spotlight, as well as LockDrop / BurningDrop on the Pool-X platform.

Global CEO of KuCoin Johnny lyu said, “KCS is the backbone of the entire KuCoin ecosystem. Beyond existing use cases, KCS will also be the underlying fuel and native token for the upcoming KuCoin Community Chain (KCC), as well as KuCoin’s decentralized trading solution. is a good start and we will continue to BUIDL around KCS to make it available on larger platforms. “

Known as the People’s Exchange, KuCoin is favored by 8 million global users for various tradable assets, friendly user experience and reliable support. He raised $ 20 million in connection with the financing of cycle A of IDG Capital and Matrix Partners in November 2018 and is now the 5th largest crypto exchange on CoinMarketCap.


ADCX: the entrance to the future DeFi world https://gormed.net/adcx-the-entrance-to-the-future-defi-world/ Mon, 19 Apr 2021 22:48:42 +0000 https://gormed.net/adcx-the-entrance-to-the-future-defi-world/

Australian International Digital Currency Exchange

Cryptocurrency is now the newest and best digital asset class introduced into the global investment system, although it was initially conceived as a decentralized alternative to traditional and centralized financial systems.

Most people recognize cryptocurrency through the lens of Bitcoin, which was published as a white paper in 2009.

In the real world, investors are now looking for something more than Bitcoin as a value-driven coin. Looking at future market trends, it is normal to take into account other factors in order to best determine what the next booming crypto is, but the main focus is no longer on pricing as investors are now looking for features and a digital offering. motto. If a cryptocurrency is useful, it will overcome any obstacle and continue to grow and develop more and more.

Lately, many celebrities have started making big money by investing in cryptocurrencies and digital assets. Some of them are Elon Musk, Paris Hilton, Gwyneth Paltrow, Bill Gates, Floyd Mayweather, Kanye West and Mike Tyson.

ADCX : The entrance to the future DeFi world

The Decentralized Financial Sector (DeFi) exploded in popularity in 2020. The prospect of transforming cryptocurrency such as Ethereum into personal banking platforms quickly gained momentum. Even more dazzling was the promise to apply similar principles to the corporate world to allow companies to monetize things they never could.

In this context, decentralized exchanges (DEX) were a particularly bright point, as the facilitation of peer-to-peer trading by relying on automated smart contracts helped traders trade cryptocurrencies quickly and with minimal fees. .

Introduction to ADCX – Australian International Digital Currency Exchange

ADCX is an inter-chain asset exchange protocol based on the Ethereum network. It is mainly used in NFT asset mortgages and NFT cash mining. A DeFi financial system incorporating DeFi + DAO + NFT + Cross-chain technology has been designed to provide services such as issuance, trading of various assets and cash extraction (e.g. DeFi, NFT, trading strategies). token negotiation) via the ADCX protocol.

The ADCX team has acquired a digital currency exchange license from the Australian government. The team members, mainly from Australia, Canada and Japan, are innovators in the field of DeFi. The technical backbone is professional DApp developers, embracing technology, leveraging capital and community strength, aiming to transform ADCX into a comprehensive cross-chain financial platform, opening a new chapter in Challenge.

What is NFT

NFT stands for Non-Fungible Token and it is the relative concept of Functional Token (FT). The biggest difference between the two is “single” and “divisible”, which makes NFT more flexible. It’s best suited for benchmarking assets in the real world – after all, the evolution of civilization has caused all things to have different descriptions. Even a mass-produced consumer good will have different production dates and inkjet codes.

In 2021, the rise of DeFi has pushed NFT to the forefront again. DeFi + NFT provides return education for the market and also allows many people to rethink the more valuable future of NFTs which are ‘one of a kind’ assets in the digital world and can be bought and sold like no other. any other element. property, but they do not have a tangible form of their own. In other words, it’s like owning an “original digital painting of Monsa Lisa,” a fact that prompts many art collectors to turn to NFTs.

DeFi + NFT Design Idea

ADCX believes that NFTs offer more broadcast possibilities for DeFi scenarios. When NFT needs an acceptance value, DeFi and NFT have a natural mixing attribute. The current dilemma for NFT is liquidity and value.

NFT’s liquidity requires agreements with financial product design to help it grow, DeFi can make NFT more valuable. For example, in ADCX ecology, users can get tokens in ADCX through mining such as key currencies locked.

NFT can unlock more potential with DeFi. Currently, most DeFi loan agreements require collateral. Use NFT as collateral. This means that NFTs representing artwork, digital land, or even tokenized goods can be used as collateral and then loaned to other assets.

ADCX Design Intent

Going forward, ADCX deployed on each blockchain platform will contain pools of funds designated by pair contracts traded in ADCX. Each pair contract consists of three elements:

  1. Order Book – stores non-negotiable limit order transactions

  2. CPMM model – constant product distributor that provides the liquidity of the pair contract;

  3. Equity Token – saves the interests of liquidity providers.

ADCX’s NFT project ecosystem will also be showcased in Q2 2021. Here are the highlights:

  1. Subchain transactions – we can improve the subchain transactions while implementing them;

  2. Cross-chain asset capabilities – we will use parachains on Polkadot (parallel chain) to reach agreement to increase the number of supported assets with cross-chain compatibility;

  3. a variety of unique types of asset transactions – including license trading strategy, decentralized NFT asset trading aggregation tool, income generation strategies, future financial strategies, etc.

Introduction to the ADCX fund

ADCX (Australian International Digital Currency Exchange) The fund was established in 2015 and was awarded the Australian Government Digital Currency Exchange in the same year (registration number: DEC100579157-001). It is the first venture capital firm in Australia to focus on investing in businesses related to blockchain technology.

Currently, the foundation has conducted research and investment in many areas of the blockchain industry, involving layer2, NFT, cryptocurrency derivatives trading, Polkadot ecology, etc. In the near future, the foundation will continue to pay attention to the ecological development of NFT, covering the areas of comprehensive trading platform, crypto art platform, fashionable game collection, games, virtual world, domain name, social networks, NFT + DeFi, project start-up platform, etc.

The foundation is managed by professionals. As a non-profit organization, it takes responsibility for investor education, risk alert, information disclosure, review of blockchain technology projects, staff training blockchain technology, identifying the qualifications of technical personnel and overseeing the use of capital. The foundation strongly believes that blockchain technology will play a bigger role in the future, bringing more transparency, greater efficiency and a safer environment to the global economy.

ADCX development plan

All ADCX contract codes will be reviewed by reputable agencies to ensure maximum security compliance. In addition to a solid design and a secure contract, a good user experience is also the key factor for the proper functioning of any DeFi project. In order to improve the user experience, the ADCX team strives to support the wallet, interaction design, token management and transaction services.

ADCX uses Layer 2 switches to improve DeFi liquidity and asset diversity. In addition, the Polkadot ecosystem offers future-proof flexibility and cross-chain asset support. We expect innovative financial products to be built (and seamlessly integrated) on this underlying ecosystem, thereby increasing liquidity and usage of ADCX.

In addition to supporting basic functionality, the ADCX team will closely monitor the progress in the DeFi area and support additional DeFi protocols in the ADCX wallet in due course. With the support of ADCX Wallet, the ADCX platform is committed to becoming the gateway to the future DeFi world.

ADCX will leverage blockchain to provide the perfect working ecosystem for fundraising strategies and digital asset trading.

The crypto industry is evolving at an incredible rate, and ADCX is one to watch for future developments. You can visit ADCX – Australian International Digital Currency Exchange at www.adcx.com.au

/ Public publication. This material is from the original organization and may be ad hoc in nature, edited for clarity, style and length.