Thousands rally in Tel Aviv against government as budget battle looms – The Times of Israel

Bill Gates to Bennett: Israeli innovation can help tackle climate change

GLASGOW Prime Minister Naftali Bennett meets Microsoft co-founder Bill Gates on the sidelines of the COP26 climate change conference in Glasgow.

The pair agree to establish a working group between the State of Israel and the Gates Foundation in the area of climate change innovation.

Israel is known as the startup nation, and I think that its time we pivot and channel our national energy which is the energy of the people, the brainpower to fighting climate change, Bennett tells Gates during their meeting. Were going to take this as a national mission.

Bennett says that Israel is cooperating with many of its neighbors on climate-related issues, particular in the field of water scarcity.

Gates tells the Israeli premier that my big belief is that we can solve climate change if we accelerate innovation.

Speaking about innovation, Gates says: Thats really what Israel is known for, but not so much in the climate space. The key, he says, will be understanding where are the brilliant people in Israel who are thinking about these new techniques.

We were thinking: How do we connect up and find more people who are doing mitigation type innovation, more people doing adaptation? Gates asks. Given the talent that you have and what weve seen in the digital space, how do we unleash more of that? So Id love to take that R&D innovation push and figure out where Israel can partner with us.

Energy Minister Karine Elharrar adds: Israel can be a very strong power in the climate change fight, and I think a joint venture is really great news for that.

Gates notes that both he and Bennett who made millions in hi-tech before entering politics realized that innovation was the key in their first careers. Love that comparison, jokes Bennett, to laughter.

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Thousands rally in Tel Aviv against government as budget battle looms - The Times of Israel

Stonewall slams Tory idea adults can ‘consent’ to conversion therapy – PinkNews

A protestor holds a placard that reads 'actually ban conversion therapy" in Trafalgar Square during the Reclaim Pride protest, 2021. (LightRocket via Getty/ SOPA Images/ Vuk Valcic)

The Tories proposed conversion therapy ban is shot with concerning loopholes that the government must close, Labour lawmakers and Stonewall have warned.

On Friday (29 October), the government announced that it will allow consenting adults to undergo the debunked, dangerous practice as long as they consent to it.

More than three years since the ruling party promised to outlaw it, ministers finally set out proposals for how they plan to crack down on coercive and abhorrent conversion therapy, which has been rejected by every major medical and mental health body.

This includes prohibiting conversion therapy of all kinds in England and Wales for anyone under the age of 18, and adults who are vulnerable and unable to consent.

Such robust proposals, Stonewall chief executive Nancy Kelley said in a statement,are a huge step forward to consign this practice to the history books.

However the loophole that allows for religious counselling is chilling, she added, while shooting down the notion that conversion therapy can be consented to in any setting.

As the proposals set out, conversion therapy is coercive and abhorrent, and does not work, Kelley said. You cannot change an LGBTQIA+ person from being who they are, and to try to do so causes lasting damage.

However, there are still concerning gaps that the UK government must close, including on prayer and statutory support for victims.

We also cant support that the proposals allow for people to consent to conversion therapy a practice that is abusive cannot be consented to. If we are to truly put this shameful practice behind us, the ban must not allow for any excuses or any exemptions.

We need a comprehensive ban on these abhorrent practices without delay, Amnesty International UK said in a statement to PinkNews.

Praying the gay away is just as unacceptable as any other pseudoscientific approach which tells LGBTI+ people they are sick and broken.

Worryingly, these government proposals appear to leave loopholes, such as the definition of consent, which could be exploited by those who wish to perpetuate these cruel practices.

Ian Green, who spearheads the sexual health charity the Terrence Higgins Trust, echoed Kelleys words.

Consultation on banning conversion therapy must include religious settings, he tweeted.

I experienced this through church groups as a young man I was desperate to change my sexual orientation and was taken advantage of as a young, vulnerable and naive 19 yr old. It clearly doesnt work!

This was a message amplified by Christie Elan-Cane, a British activist who has campaigned for decades for gender-neutral passports.

Is this progress? Elan-Canequestioned. Hardly. Rather than ban the harmful practice of conversion therapy the UK Govt proposes a consultation full of loopholes.

Faith-based conversion therapy which includes everything from praying the gay away through to troubling exorcisms is the most common form of the practice.

Fifty-one per cent of people who have endured conversion therapy had it conducted by faith groups, according to the Government Equality Offices 2018 National LGBT Survey.

Over three years since the Conservatives promised to ban conversion therapies, this consultation is long overdue, tweeted Anneliese Dodds, the opposition party Labours shadow women and equalities secretary.

But its astonishing that it suggests people can consent to these insidious practices on religious grounds.

Ban them outright. Now.

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Stonewall slams Tory idea adults can 'consent' to conversion therapy - PinkNews

UK Government Officials Held Secret Meeting With Ex-Gay Conversion Therapy Providers – VICE

The book Core Issues Trust recently sent to all UK MPs, and the group's leader Mike Davidson. Photos: Supplied

Officials from the UKs Government Equalities Office organised a private meeting with ex-gay leaders of a group that delivers a form of so-called conversion therapy, VICE World News has learned.

A representative from Core Issues Trust told VICE World News that the groups leaders have spent years trying to speak to the UK government about how they help people who want to move away from unwanted homosexual feelings, but theyve always been ignored until this year.

Following communications with equalities minister Kemi Badenoch in June this year LGBTQ Pride Month the group was then invited to what it called a productive meeting.

The group also told VICE World News that it had recently posted every single UK MP a new book called X-Out-Loud: Emerging Ex-LGBT Voices. It features 44 stories from people who claim they are former homosexuals or that they turned away from LGBT lifestyles.

In the midst of a sexual affair with another woman, I tearfully asked for a Bible, one person writes in the book. Later on, I received specific prayer which freed me from demonic spirits. I vomited blood and screamed like a maniac.

Last month, Carrie Johnson, an environmental campaigner and the UK prime minister's wife, made headlines when she praised her husband's plans to ban conversion therapy. She said he is "completely committed" to protecting LGBTQ rights.

Speaking at an LGBTQ reception at the Conservative Party conference, she added: "Whether you are LGBT+ or an ally like me, we are all committed to equality and acceptance for everyone, whoever you are and whoever you love."

A spokesperson for the governments Equality Hub, which works with several departments including the Equalities Office, said: "The Government's values do not align with those of the Core Issues Trust. We believe that conversion therapy is an abhorrent practice and will shortly publish our plans to ban it in this country."

Carrie Johnson speaks at an LGBTQ Pride event at the Conservative Party's annual conference in October. Photo: Stefan Rousseau/PA Wire/Bloomberg via Getty Images

However, emails forwarded to VICE World News from July 2021 imply that government officials were eager to speak to the group, following communications with Badenoch. The government actually ended up meeting with what Core Issues Trust described as ten former LGBT people.

Core Issues Trust is a charity based in Northern Ireland, where it actively promotes talking therapy for people who want to explore moving away from unwanted same-sex attraction and gender confusion. It is one of the most vocal lobbying groups for conversion therapy in the UK.

The term "conversion therapy" refers to any form of treatment or therapy that aims to change a person's sexual orientation or suppress a person's gender identity.

Some violent practices that may be classed as conversion therapy such as "corrective rape" are already illegal in the UK, but many religious practices are not, including those carried out by Core Issues Trust. Former UK Prime Minister Theresa Mays government promised to ban conversion therapy in 2018.

Boris Johnsons government is currently running a six-week consultation about how to end conversion therapy, but campaigners have said that current plans do not go far enough. Currently, therapies would only be banned for people under 18 and for those who do not actively seek it, so Core Issues Trust expects to be able to continue operating.

After some viral social media posts last year, some of the Core Issue Trusts content and services promoting conversion therapies were banned from Facebook, Instagram and other social media platforms.

In July 2020, Barclays closed the charitys bank accounts and kept them closed even after a 70,000-strong petition defended the group.

Exactly one year later, officials from the Government Equalities Office met with the group. A representative from Core Issues Trust told VICE World News that it was the first time any government has taken the time to speak to former-LGBT people.

An email sent from the Equalities Office to the group, seen by VICE World News, suggests eagerness from the office to set up a meeting.

The invitation says: I am part of the conversion therapy team in GEO, and am reaching out to arrange a meeting with yourself ahead of the launch of the conversion therapy consultation, following on from a letter from the Minister for Equalities last month.

Unsure of your availability within the next week or so, but we're happy to work around your schedule as much as possible. Please see below for some suggested times next week.

The charitys representative said the productive meeting went ahead in July. The government advisers listened respectfully and encouraged the large group of ex-LGBT people to participate in the upcoming public consultation on conversion therapy.

They continued: We've asked for meetings before and never been given anything. So, you know, this was a step in the right direction.

It was just officials from the equalities office. It was a brief meeting. I think it was just over half an hour, maybe 40 minutes in total.

We tried to speak to Theresa Mays government, and on two occasions had tried to contact them. We have no record of the government, or of any government, ever taking time to speak to former LGBT persons until now.

MPs from across the UK who began receiving books from Core Issues Trust last week have called the content horrific.

After continuing to pray, to live with God, and to say no to temptation, I saw how my same-sex attraction diminished, as did my desire for same-sex relationships, one woman writes.

An intro in the book says, X-Out-Loud (a Core Issues Trust project) is an international community based in Europe, and like several other groups is contributing to the growth of the emerging former LGBT community.

It continues: We ask the government ministers and peers in Westminster as well as politicians in the devolved governments across the UK consider carefully the damage that will be caused by banning the right and freedom to leave unwanted sexual practices.

VICE World News was contacted by worried staff working within parliament who received the book.

"The book came with our post on Friday, which I sort through every day. Some of the testimonials are shocking, one parliamentary staffer said. I'm really worried about how organisations opposing the ban on conversion therapy are reaching out to MPs like this.

All the testimonials are from people who claim they overcame same-sex attraction with the help of Christianity.

I am 22 years old and I no longer identify as gay, says one man. I also made the decision to stop pursuing a gay lifestyle because my soul did not like what I was doing.

Asked if any MPs have responded to their book donation yet, the Core Issues Trust representative replied: Weve had a couple of letters thanking us, that kind of thing. But its very early days because it only just arrived. They were not willing to share specific communications.

John Nicolson, the Scottish National Partys shadow culture secretary and deputy chair of the All-Party Parliamentary Group on Global LGBT+ Rights, said my copy of the X-Out-Loud booklet has gone straight into the recycling bin.

He continued: Conversion therapy is a horrific practice. Its cruel. It doesnt work. And it gives false hope to the most vulnerable in society. Its practitioners are malevolent. I support the banning of so-called conversion therapy under all circumstances.

Anneliese Dodds, Labours shadow secretary of state for women and equalities, said: Over three years since the Conservatives promised a ban on conversion therapy, LGBT+ people will be appalled to learn that the Government body responsible for protecting their rights is now holding private meetings with a group that promotes this insidious practice.

She added: The next Labour Government wont sit on its hands like the Conservatives. We will ban the abhorrent practice of conversion therapies once and for all.

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UK Government Officials Held Secret Meeting With Ex-Gay Conversion Therapy Providers - VICE

Commonwealth Bank ushers customers into cryptocurrency as industry pushes for regulations – ABC News

After one major Australian bank this week announced it'll give customers the option of trading crypto currencies, such asBitcoin, on its existing banking app, you might have expected others to follow.

However, they have told the ABC they will notat this stage.

While there are many stories of cryptocurrencytraders making a fortune "overnight", it iswidely accepted that it isvery easy to lose money buying and selling cryptocurrencies online.

Warehouse worker Vanna O'Brien, like many younger Australians, did notearn much interest on her bank savings.

However, she hassince turned hundreds of dollars into tens of thousands by investing in cryptocurrencies.

I tipped in $100, hoping that having some skin in the game would help me better understand this brave new financial world.

"I've never had more than $800 my whole life," she said.

"And now I've got $50,000 and it's only been in a few months, so it's just been, like, crazy."

Ms O'Brien used her small amount of savings to buy Ethereum a type of cryptocurrency through the crypto exchange Coin Spot.

The coins grew in value so she decided to take them out and deposit or stake them in a virtual world called Axie Infinity.

It's essentially an online video game developed by Vietnamese studio Sky Mavis where users can use and store Ethereum-based cryptocurrencies

And she's earning quite a bit of interest on her coins.

"My coins are like in this bank."

"So the coin's called Axie, and they're paying 130 per cent per annum."

As more younger Australianschoose cryptocurrency investments to fast-track their savings, Australia's largest bank now wants a slice of the pie.

The CBA's head of retail banking, Angus Sullivan, says the bankis now setting up its own pilot platform to buy, sell and hold cryptocurrencies.

"We see an opportunity but we're not exactly sure how that's going to work out."

"Becoming involved gives us an opportunity to learn more and try different things."

But here's the problem.

Even the boss of Australia's largest digital asset exchange, Caroline Bowler, concedes the industry is largely unregulated, and that there's zero by the way of sound financial advice available to market participants.

"We know from our investor study earlier this year that is something investors in Australia are looking for, so regulation and education will catch up."

"This is why the industry has been pushing for regulation."

For now, though, Mr Sullivan says the bank will simply warn its customers of the financial dangers involved.

"This isn't a regime where the formalised, let's call it capital-A, adviceexits."

A legal framework for cryptocurrency investmentsappears to be in the works.

The industry made hundreds of submission to a Senate Select Committee chaired by Liberal MP Andrew Bragg looking into how to tighten up the industry.

Tax discounts and a new licensing regime are among the key recommendations of a Senate inquiry into regulating cryptocurrency and other digital assets in Australia.

In a statement, TreasurerJosh Frydenberg told the ABC, "The government welcomes the final report of the Senate Select Committee on Australia as a Technology and Financial Centre".

"The Government is carefully considering the Committee's recommendations and intends to finalise its response by the end of the year," Mr Frydenberg said.

The banking regulator, APRA, says it is examining the regulatory issues.

And while players in the cryptocurrency industry say they want more regulation, history shows investors respond poorly to new rules.

In November2019, the price of Bitcoin crashed when China accelerated a crackdown on cryptocurrency businesses.

However, Ms Bowler saysregulation will rid the industry of the more "questionable"investments in the crypto market.

"Because here's the thing: We want our investors to do well," she said.

"And there's enough question mark advice that's being given out in the market, so we need that to abate. We need that to go awayand we need regulation to help us do that."

Regulation aside, what exactly is the asset behind or backing a cryptocurrency investment?

Bitcoin and cryptocurrency priceshave surged to dizzying heights since their creation amid the global financial crisis. We explain what's driving this, along with the pros and cons.

Equity Economics lead economist Angela Jackson says cryptocurrencies can have value if someone else is going to accept it.

"But there is no guarantee that is going to occur, and there really is no one backing it up, if you like."

And, if Ms O'Brien's attitude to cryptocurrency investing is anything to go by, the big banks are going to find cracking the market quite a challenge.

"The whole reason why we're doing crypto is decentralisation," Ms O'Brien said.

"We don't want to be part of the banks anymore.We don't want them having all the power."

That may explain why the other big four banks are treading carefully in this space.

The ANZ, NAB and Westpac all told the ABCthey had no plans to follow the Commonwealth Bank's lead.

Editor'snote (05/11/2021: This story incorrectly stated that Bitcoin sank to an all-time low in November 2019. The cryptocurrency was lower in 2018 and at an all-time low when it first started trading in 2010.

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Commonwealth Bank ushers customers into cryptocurrency as industry pushes for regulations - ABC News

Banks Tried to Kill Crypto and Failed. Now Theyre Embracing It (Slowly). – The New York Times

Just as it does for stock and bond prices, Goldman recently began posting digital asset prices on its Marquee platform for big clients like hedge funds, preparing for a time when the bank might be able to support trading in cryptocurrencies.

In 2019, a unit of JPMorgan called Onyx introduced JPM Coin, a digital currency backed by the dollar that ran on Quorum, an internal technology that mimicked the structure of blockchain. But the bank controlled Quorum, unlike Bitcoins blockchain, which is decentralized. It recently spun off Quorum to a software start-up.

JPMorgan also started an all-digital system that mimics the traditional overnight repo market, where banks exchange short-term U.S. government debt securities for cash. These transactions used to take more than a day to complete hence the overnight label but JPMorgans platform does them in just 15 minutes, reducing risk. It has only three users so far, and two are JPMorgans own businesses. Goldman this year became its first outside participant. If more banks join, JPMorgan could end up controlling one of the most crucial short-term funding markets in the world.

Igor Pejic, an expert on cryptocurrencies, said JPMorgan was one of a few major banks whose experimentation with blockchain the technology underlying digital currency transactions has made them digital pioneers poised to profit in the future from systems theyre testing now because, he said, they are setting up an infrastructure which at the end of the day they control.

But soon after JPM Coin went live, regulators began calling, said a person familiar with the matter who was not authorized to speak publicly. They worried that the movement of the coins around the financial system could cause a buildup of risk because they were tied to the dollar, sparking a panic and leading to the 21st century version of a bank run. The bank had to cut back on the scope of JPM Coins use.

Now, JPM Coin cannot be used to transfer value outside JPMorgans internal systems. Bank customers can use it to move dollars and other assets back and forth inside the bank almost instantly, but it is meaningless in the wider world.

Regulators have also trained their sights on smaller banks trying to build cryptocurrency businesses. In 2018, the New York-based Quontic Bank, with just $1 billion in assets, asked the top U.S. banking regulator, the Office of the Comptroller of the Currency, for feedback on its plans to launch a debit card program that gave customers rewards denominated in Bitcoin.

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Banks Tried to Kill Crypto and Failed. Now Theyre Embracing It (Slowly). - The New York Times

Cryptocurrency ether hits all time high of $4400 – Reuters

The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Monero (XMR) are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity at the House of Satochi bitcoin and blockchain shop in Zurich, Switzerland March 4, 2021. REUTERS/Arnd Wiegmann

HONG KONG, Oct 29 (Reuters) - Ether , the world's second largest cryptocurrency, hit an all-time high on Friday, a little over a week after larger rival bitcoin set its own record.

As cryptocurrency markets have rallied sharply in recent weeks, ether is up more than 60% since its late September trough.

The token, which underpins the ethereum blockchain network, rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set on May 12.

"It wouldn't surprise me if we go blasting through in European and U.S. trade," said Chris Weston, research head at Melbourne-based broker Pepperstone. "This is a momentum beast at the moment, and it looks bloody strong."

A recent technical upgrade to the Ethereum network seemed to have helped, he added.

"A lot of the time, with these technological upgrades and bits and pieces, this is news that fuels the beast, it's fodder for people to say, 'This is what we bought in for,' and as soon as it starts moving, it's like a red rag to a bull, people just go and buy."

Bitcoin, which hit its record high of $67,016 on Oct. 20, was last up 1.4% at $61,457, for an increase of about 50% since late September.

Among the biggest recent movers in cryptocurrencies, however, is meme-based cryptocurrency shiba inu, whose price has rocketed about 160% this week, and is the world's eighth largest token.

Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use. read more

Reporting by Alun John in Hong Kong and Kevin Buckland in Tokyo; Editing by Clarence Fernandez

Our Standards: The Thomson Reuters Trust Principles.

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Cryptocurrency ether hits all time high of $4400 - Reuters

Cryptocurrency: Creation, Functionality, and the Financial Markets? – The National Law Review

Thursday, November 4, 2021

On this episode of Bracewell Sidebar,Anne Termine, a former chief attorney at the US Commodity Futures Trading Commission, joins hostsMatthew NielsenandPhil Bezansonto talk about cryptocurrency.

In the first part of this two-part episode, Anne provides insight on understanding how cryptocurrencies are created, how they function and what they mean for financial market participants.

Anne joined the firm in June 2021, with over 20 years of experience representing clients in investigations, enforcement actions, and litigation involving commodities, derivatives and more recently, cryptocurrency markets.

The question isnt so much what is cryptocurrency but how cryptocurrency came to be. This is based on the concept of the Internet 3.0, or the decentralization of information. The development of the Internet allowed us to connect with each other in wide and varied ways, but it eventually became centralized by large players. What was supposed to be decentralized access for the world, became privatized. Data is being handled, controlled by a few big players, rather than being freely exchange.

Blockchain, which is the technology underlying cryptocurrencies, is the concept to bring back the original Internet as an open source for all. Blockchain is a technology that allows people to interface, to exchange ideas, transfer and track as assets, without the need to go through a third party. It is an online, shared or distributed ledger that records every transaction on the Internet.

Blockchain is the base layer upon which digital assets exist. Blockchain is an ever-evolving Internet without the use of centralized servers, because everyone who participates in it in a sense is adding to the server power. No one controls it; no one owns it. That's why it's a distributed ledger technology.

That opens the door for decentralized services and markets, one of which is cryptocurrency. As you solve that computational problem, you earn a coin, and that coin is considered to be a cryptocurrency

Thats not a bad way to describe it. If the blockchain and the distribution ledger technology is Internet 3.0, then digital assets of different types of cryptocurrencies can be considered to be Money 2.0.

It is a different way that's fast, easy, cheap and relatively safe to exchange value peer to peer without having to go through a third party. That's where the markets arise, and that is the value within it.

Most of the money in crypto assets today still lies in the buying and selling of the assets themselves. If that's what you're interested in, if you're interested in just exploring and trying to determine whether or not you want to buy this new asset, then you could go to any one of those exchanges.

That's the concept of that distributed ledger as opposed to a bank, for example. If you and I wanted to buy or sell or exchange money in any way, I need to send you money. We would do it through a Venmo or PayPal, or Bank of America through Zelle. And the ledger for that transaction is held by the banks. Whereas here, the ledger is held publicly on that open source network open source network.

The opinions expressed in this podcast are those of the speakers and do not necessarily reflect the viewpoint of their institutions or clients.

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Cryptocurrency: Creation, Functionality, and the Financial Markets? - The National Law Review

Technisys Partners With Okcoin To Bring Cryptocurrency Integrations To Digital Banking – Yahoo Finance

MIAMI, Nov. 4, 2021 /CNW/ -- Next-gen digital banking platform innovator Technisys announces a new partnership with Okcoin, a global cryptocurrency exchange serving 190 countries, to help traditional banks support bitcoin and cryptocurrency services to new and existing customers enabling banks to elevate the customer experience and uncover new revenue streams.

(PRNewsfoto/Technisys)

As mainstream consumer adoption of cryptocurrency continues to rise, traditional banks are challenged with providing solutions to meet this new market demand. Through this partnership with Okcoin, Technisys will empower banks to adopt and support bitcoin and other cryptocurrency services, while continuing to offer a seamless, end-to-end, digital customer experience.

While Okcoin's cryptocurrency exchange supports millions of people who buy and sell bitcoin and more than 30 other crypto assets daily, Technisys will enable banks and fintechs to integrate a new set of cryptocurrency services into their existing digital offerings enabling banks to better meet changing customer needs and demands for more safe, secure and regulated cryptocurrency banking solutions.

"As consumer behavior shifts and bitcoin adoption increases, Technisys is committed to helping our digital and core banking clients to adapt and flex as market demands dictate," said Mike Santos, CEO of Technisys. "Enabling these capabilities for all financial institutions brings opportunity and growth in new ways - via a next-gen digital banking platform - that were simply not possible before."

"Okcoin is committed to making crypto investing easily accessible to everyone around the world, as well as partnering with top fintech companies to provide a seamless user experience" said Hong Fang, CEO of Okcoin. "We're pleased to be working with Technisys to broaden the next generation of tools Okcoin customers can use to engage with the crypto market, and we look forward to driving greater adoption through this partnership."

Story continues

With Technisys headquartered in Miami, where the city's mayor, Francis Suarez, has inspired action to transform Miami into the latest innovation hub, the Technisys and Okcoin partnership is timely, and representative of the flourishing technological ecosystem in this city. It is indicative of the growing momentum - with technology innovation at the center - to support new ways of working, engaging and living for banks, businesses and consumers.

About TechnisysTechnisys is the next-gen digital and core banking platform that redefines the customer experience. As a best-in-class technology platform, Technisys uniquely delivers differentiation in two key ways. By empowering financial institutions to dynamically create tailored financial products at the speed of commerce. And, by offering meaningful recommendations to customers at point of need. How are we different? We use data-driven insights and integrate them with our unique technology that enables structural flexibility. A flexibility that allows financial institutions to create and tailor any financial product - in seconds - to deliver a seamless digital experience at every customer touchpoint whether online, on the phone, or at a branch. Giving banks and fintechs the agility to tailor offerings that become integral to a customer's lifestyle in new and profound ways, down to the segment of one. https://www.technisys.com/

About OkcoinEstablished in 2013, Okcoin is one of the world's fastest-growing cryptocurrency platforms, operating in over 190 countries more than any other US-based exchange. Okcoin is building a more inclusive future of finance by making it easy for anyone in the world to buy, trade, and earn cryptocurrency with industry-low fees. The platform supports millions of retail and institutional customers, enabling them to take advantage of unique opportunities in decentralized finance (DeFi), such as staking, and providing access to bitcoin, ether, and over 25 other crypto assets. Okcoin is headquartered in San Francisco with offices in Miami, Hong Kong, Singapore, Malta, and Japan. Follow the company at @Okcoin and visit okcoin.com to learn more.

MEDIA CONTACT:

Corey Goldman, on behalf ofTechnisysPhone: 1.416.322.2863Email: technisys@fullyvested.com

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Technisys Partners With Okcoin To Bring Cryptocurrency Integrations To Digital Banking - Yahoo Finance

Ethereum cryptocurrency soars to an all-time high – Aljazeera.com

Ether underpins the affiliated Ethereum Network, the dominant blockchain used for thousands of decentralized applications.

ByEric Lam and Crystal KimBloomberg

Published On29 Oct 2021

Ether, the second-largest cryptocurrency, soared to a record above $4,400 Friday on bullish sentiment surrounding the most used blockchain network.

The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May. The token traded around $4,387 as of 2:41 p.m. in New York. Other tokens including Binance Coin and Solana rallied. Ether is now worth more than $520 billion, according to data fromCoinGecko.com.

Ethers latest milestone comes as the digital token has far outperformed Bitcoin throughout this year with a sixfold increase amid surging retail and institutional investor interest in the space.

Ether underpins the affiliated Ethereum Network, the dominant blockchain used for thousands of decentralized applications. The system got a further boost this week after a successful upgrade designed to make it faster and more energy-efficient.

Outstanding futures in Ether soared to $12.5 billion, exceeding the May peak to notch a new record high, Bybt data show. Similar to Bitcoin, funding rates or the cost of keeping a bullish bet open have climbed this month on online exchanges. On CME, the futures curve has also steepened in a sign of optimism over the price trajectory.

On-chain activity metrics for Ethereum appear to have found support and are reaching multi-month highs, said Sean Farrell and Will McEvoy, digital asset strategists with Fundstrat in a report Thursday. Measures including transaction rate, new addresses and active addresses have shown strong growth this month after suffering declines in May, the strategists said.

Meanwhile, some analysts pointed to a connection between the rise in theuber-popularShiba Inu coin and Ethers record.

Ethereums EIP 1559 upgrade was implemented in August and this burns a portion of fees paid to miners, reducing net issuance as a function of network usage, said Sam Doctor, chief strategy officer and head of research at BitOoda, a regulated crypto brokerage.

So if Shiba Inu generates a lot of traffic, it increases network congestion and contributes to more ETH being burned, he said. That slows the net growth in ETH in circulation. Tighter ETH supply combined with high network usage likely drove Ethers price up.

Bitcoin rose some 40% this month to reach a record of almost $67,000 following the debut of the first Bitcoin-linked exchange-traded fund in the U.S. The worlds biggest digital currency was 1.6% higher in New-York trading at $62,405.

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Ethereum cryptocurrency soars to an all-time high - Aljazeera.com

Which crypto coins are Indians buying the most this Diwali? Heres the answer – The Indian Express

Meme coins are not a joke anymore. The recent trading frenzy over a digital cryptocurrency called Shiba Inucommonly termed as a meme or joke coin has emerged as the topmost valuable digital asset for Indians this Diwali, hitting a global market capital of $40 billion and surpassing its rival, Dogecoin.

Bitcoin, the new Big B is flexing its muscles as well, with its price surging to Rs 50 lakh in India. Cryptocurrency has the ability to emerge as the new investment option in the festival season to fund the future.

Going by this trend, Indian investors traded quite a bit of digital tokens this Diwali. We asked top Indian crypto exchanges such as WazirX, Unocoin, and BuyUcoin about the most preferred cryptocurrency by Indians this Diwali.

Shivam Thakral, CEO of BuyUcoin told indianexpress.com that Shiba Inu (SHIB) has emerged as the most popular coin, as it delivered promising returns consistently. SHIB is in the uptrend and is attracting both novice and experienced investorsthe market expectation is that it will increase by 10 paisa more, by the end of Q4. At the time of writing this article, SHIB is currently trading at Rs 0.004990.

A flurry of tweets by global leaders, including Elon Musk, helped strengthen SHIBs popularity. Recently, a change.org petition has demanded Shiba Inu to get listed on Robinhood, after which the meme coin rallied on WazirX, clocking in transactions worth over $320 million over the last few days.

In addition, over the past one week, WazirX saw nearly 50 percent of its trading volume coming in from Dogecoin Killer SHIB. Siddharth Menon, COO of WazirX cryptocurrency exchange, informed that the most traded tokens in terms of volume are Shiba Inu, Loopring, Tether, Bitcoin, Sandbox, and WazirX coins.

Both WRX and SHIB are the top most traded tokens in India with the highest liquidity and volumes traded on the WazirX exchange. As for Sandbox, Loopring, these are VR games and rallying up ever since Facebook rebranded to Meta and announced its metaverse vision, he added.

Thakral points out that cryptocurrencies other than SHIB that were traded the most in volume during Diwali are: Mana, Dogecoin, Ethereum, and Bitcoin.

Interestingly, the month of November has historically been the best for Bitcoin with an average return on investment of 66 percent. Sathvik Vishwanath, CEO, and co-founder of Unocoin crypto exchange, noted that Bitcoin continues to be the king when it comes to Indians buying cryptocurrency.

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Which crypto coins are Indians buying the most this Diwali? Heres the answer - The Indian Express