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EURST Stablecoin – Reinvention of the European Economy

28/11/2020 by Idelto Editor

EURST Stablecoin – Reinvention of the European Economy

Over the years, we have been introduced to a digital transformation, which has created and shaped communities around the world. Digital technologies have introduced newly evolved ways of how the world interacts, operates, and most of all, conducts exchanges. In the current economic hardship and the Covid-19 global pandemic, the European Union has had to face many operational and structural facts, one of them being the strength of the fiat currency; the Euro.

The European Economy Operates via a Flawed System

Since the introduction of the Euro, the currency has been in a consistent debate, regarding its strength and endurance within the global exchange.

This specific criticism is defined by a strategic error, showcasing a dominant flaw; specifically, the Euro not having a strong asset-backed united economy. The fault has been well argued for the fact that the creation of the Euro intended to mimic the firm stance and ability of the US dollar, yet the European Union is still divided via an economic standpoint between members.

Although opinions may vary, one cannot argue the strength of the organizational base of the US economy and consistency of the USD currency portraying a ‘robust’ stance even with the turmoil of changes the year 2020 has presented.

‘This is why the US economy was more prepared for the Covid-19 pandemic. The European economy operates via a different…maybe, one could say, a flawed economic system, and therefore it becomes more vulnerable to change of regulations and stabilize operations during such times’ – Simone Mazzuca

EURST Stablecoin – Reinvention of the European Economy
Simone Mazzuca

With that in mind, the economic hardship for individuals and businesses within the EU could be reduced by the creating regulations which embrace current and future digital technological possibilities.

‘The basis of Europe has a strategic position through the exchange and global power, however, in its current stance with addition to BREXIT, Europe finds itself in an even more vulnerable position’ – Simone Mazzuca

Henceforth, the development of stablecoins comes at the right time, especially when international financial policies seem to be polarized by different financial variables and the inflationary nature of the Fiat.

This is why Mr Mazzuca created EURST, a USD asset-backed and live audited stablecoin. The newly developed digital currency from Wallex Trust represents 1€ worth of USD, secured by the accounts of the federal reserve and Wallex Trust itself.

EURST Presents Opportunities for a Better Economy

Issued as a token on the Ethereum network according to the well-established ERC20 standards, the advanced capabilities of blockchain technology enables users to conduct faster and more secure transactions. This is enabled through the use of smart contracts, which digitize deposited funds that are held in a segregated account by the issuer. Thus, empowering users to transact their money without the high costs and lengthy delays of the current financial system.

‘EURST can be used as a logistical background for the representation of the Euro’ – Simone Mazzuca

Even more, blockchain technology enables EURST to be fully transparent and live audited as transactions are recorded on the digital ledger, in addition to having regular third-party audits.

This presents the ability not solely to bring transparency and security, but also allows users to store their funds within a trusted Custodian, Wallex Custody. Through the use of opening an account within Wallex Custody, users can benefit from additional security and privacy while maintaining fluidity in the deposit, transfer or withdrawal of personal funds convertible to any currency of choice within a quick and borderless matter.

In conclusion, EURST presents itself with opportunities and possibilities for a better economy, and, we highlight some dominant features:

1. The protection of wealth from losing value in relation to the Euro may use the stablecoin to save money without opening a bank account in Europe
2. Users wanting to deposit funds to cryptocurrency exchanges for trading may use EURST instead of Fiat.
3. Oversees workers may use EURST to bypass the expensive transfer fees charger when making fiat remittances to their family back home.

Following the above-mentioned advantages, EURST does indeed portray the possibility and opportunity to bring a sort of ‘chameleon’ option for operations with the Euro currency. The transparency and security of the stablecoin, EURST, is that it brings and gives support to individuals and businesses to operate successfully and this, within an economy that is yet to provide us all with reassurance.

Link to EURST: https://eurst.io/

Link to Wallex Trust: https://wallextrust.com/

Link to Wallex Custody: https://www.wallexcustody.com/


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

The post EURST Stablecoin – Reinvention of the European Economy appeared first on Bitcoin News.

Filed Under: Bitcoin, crypto, cryptocurrency, English, EU, Euro, Europe, EURST, News Bitcoin, Simone Mazzuca, Sponsored, Stablecoin, Wallex, Wallex Custody

Wallex: The Rainbow in The European Grey Zone

22/11/2020 by Idelto Editor

Wallex: The Rainbow in The European Grey Zone

The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions and regulators, with the aim of disrupting this new wave. Nevertheless, it has also opened the door for the creation of fresh and innovative opportunities and ways of conducting business.

Who Is Wallex?

Amidst the beginning of the technological wave, Simone Mazzuca found a missing piece in the grey zone in digital asset management, therefore creating the revolutionary and borderless company Wallex. Constructing the legal-framework of Wallex, Mr Mazzuca carefully projected his views in the various challenges of the existing financial services industry, and with his team of experts put to use distributed ledger technology creating multiple innovative operational features and functionalities. The innovative features are clearly visible in the structural implementations of the company, which presents new forms of conducting business and serving critical advice.

In a mere year, Wallex has become a next-generation financial solution provider enabling both individuals and businesses to swiftly and securely engage in financial operations, eliminating the regulatory fears of borders.

Who is Wallex, you may ask? Wallex is a group of financial companies based in Europe, Asia and the United States of America. Wallex as a financial institution provides asset protection services, which include a custody service, borderless banking solutions, OTC services, exchange platform, property management, crowd-funding operations and international licenses to operate for business and individuals, therefore, providing the software and operational platforms for anyone willing to bridge the traditional and digital banking operations. This can be done not only due to the technological capabilities, but also due to the banking relationships, regulatory licenses and the companies strict compliance procedures for anti-money laundering (5th Directive Anti-Money Laundry) and know-your-customer (KYC) procedures Wallex puts forth.

With a robust stance in the insurance banking sector and wealth management, Wallex has created a decentralised deposit system, significantly increasing the security level of deposits and exponentially increasing the remuneration of active rate accounts. By combining the newest technologies, Mr Mazzuca saw a possibility to create a new form of currency, one he questioned, why it did not exist. As such, EURST was formed.

The Rainbow in The European Grey Zone

EURST is a live audited asset-backed stable coin which represents 1€ worth of USD, secured by the accounts of the federal reserve and Wallex Trust itself. The token is issued on the Ethereum network and is well-established to the ERC-20 standards. Furthermore, the stable coin enables users to conduct faster and cheaper financial transactions such as storing funds with a trusted custodian, making online payments and sending remittances around the world. EURST enables quick and easy transactions whilst painting the monetary value of one’s funds. What is more, EURST is fully transparent and live audited momentary as transactions are recorded on the digital ledger.

Enabled by the creation of borderless operations, secure asset management functionalities and the strength of reputational licenses, the knowledge of Wallex’s constructs have conquered the current nature and future of the digital movement. Therefore, bring light onto Wallex not only proving to be the new invisible giant but has also opened a door for a new organisation.

Introducing ICBA, the International Crypto-Business Association. The founder being Mr Mazzuca, one can only imagine what as an association ICBA can bring forth. The organisation serves as a catalyst between the digital and traditional world of finance. It brings light into the gap of understanding how blockchain technology and digital asset management can expand one’s understanding of the world we live in today. In current structuring, ICBA is a creation that deems excellent interest.

In conclusion, it is apparent that the financial and wealth management sector is showcasing a change in movement, presenting fruitful opportunities within the digital asset management sector. What is needed is a trustful partner that can guide you into understanding the movement, and that distributed ledger technology is not a hoax, this Mr Mazzuca portrays within these organisations.

It is time we have been given the clarity we deserve and the opportunity to expand our financial rights equally. Blockchain technology has been here for a while, and it was created for a reason, it is time to understand what this reason is, and it looks like the Rainbow is the one who will provide us with this.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

The post Wallex: The Rainbow in The European Grey Zone appeared first on Bitcoin News.

Filed Under: Bitcoin, crypto, cryptocurrency, English, EU, Europe, european, ICBA, News Bitcoin, Simone Mazzuca, Sponsored, Wallex

Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

25/10/2020 by Idelto Editor

Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

The privacy-centric web browser Brave has partnered with Bitcoin.com in order to give users access to cryptocurrencies like bitcoin cash from directly inside their browser. The newly added Bitcoin.com widget has been added to the latest Brave software and is now available to users in various countries.

  • The latest version of the privacy-oriented Brave browser now has a Bitcoin.com widget that allows people to purchase cryptocurrencies like bitcoin cash (BCH). The widget is available to users in select regions such as the EU, UK, Australia, New Zealand, Canada, and Russia.
  • Bitcoin.com’s founder Roger Ver tweeted about the recent partnership on October 21. “Bitcoin.com has partnered with Brave to allow users to buy Bitcoin Cash directly inside their privacy-centric browser,” Ver stated.
  • According to recent statistics, the privacy-centric Browser has roughly 19.6 million monthly users and around 6.6 million active on a daily basis. Brave’s Bitcoin.com widget follows a number of other popular exchange widgets hosted on the browser.
  • The new widget announcement was extremely popular on the Reddit forum r/btc, as a great number of BCH fans were pleased with the added accessibility. “This is great news,” explained one BCH proponent. “Been using Brave for almost a year now. I think I’ve made about $50 and have tipped a lot of journalists with it.”
  • “A lot of people love BCH, and the Bitcoin.com service,” Jonathan Sampson, Senior Developer Relations at Brave said on Twitter. “We want these people to be safe, and secure when they’re using Brave. For this reason, a widget helps to protect their transactions,” he added.
  • Bitcoin cash (BCH) transactions are lightning-fast and fees are always negligible. According to data on Saturday, Oct. 24, 2020, the next block fee for BCH is $0.0014 and the current median fee is $0.0012. In comparison, bitcoin’s (BTC) next block fee is $4.64 and the current median fee is $2.35.

What do you think about Bitcoin.com’s integration with the privacy-centric Brave browser? Let us know what you think about this subject in the comments section below.

The post Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com appeared first on Bitcoin News.

Filed Under: /r/btc, Australia, BCH, BCH Fans, BCH Fees, BCH Supporters, Bitcoin Cash, Bitcoin.com, Bitcoin.com Founder, Brave, Brave Browser, BTC fees, Buy Bitcoin Cash, Canada, English, EU, Exchanges, Jonathan Sampson, New Zealand, News Bitcoin, Privacy Centric, Promo, Promoted, Roger Ver, Russia, uk, widget

European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law

13/09/2020 by Idelto Editor

European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law

The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing a leaked 167-page draft crypto proposal.

According to the report, the regulation will seek to tackle bitcoin’s high volatility as well as “risks posed by systemic ones, like libra” by creating a “new college of supervisors” involving existing national and continental regulatory agencies – and one new additional body – all chaired by the European Banking Authority (EBA).

The legislation will be tied to the level of risk posed by each crypto asset, with tougher requirements on issues such as supervision and obligations applied to what it calls “significant e-money tokens”.

For example, the Libra Association, issuers of libra, will have to become a credit institution or an electronic money institution under the supervision of the EBA, with assistance from national bodies. This classification means libra and other notable e-tokens will face stricter regulation compared to other digital firms, said Euractiv.

With a potential reach of 2,7 billion people, Facebook’s libra is particularly feared by authorities around the world. The stablecoin is to be backed by central bank-issued currencies such as the U.S. dollar, and government debt.

Regulators are concerned this could destabilize monetary policy, enable money laundering while eroding user privacy. Some governments, such as France’s, have threatened to block its use within their jurisdictions.

On Friday, Germany, France, Italy, Spain, and the Netherlands said “stablecoins should not be allowed to operate in the European Union until legal, regulatory and oversight challenges have been addressed,” according to Reuters.

Under the Commission’s proposal, digital asset developers should issue a ‘white paper’ detailing information about the issuer, the token, or the trading platform “to enable potential buyers to make an informed purchase decision and understand the risks relating to the offering.”

All these documents must then be approved by national and EU regulators before issuers can start operating. Per the draft text, the EBA will be empowered to investigate, carry out on-site inspections and impose fines equivalent to 5% of the crypto firm’s annual revenue “or twice the amount or profits gained or losses avoided by these systemic cryptocurrencies thanks to the infringement.”

The Commission’s proposal, coming two years after it was first mooted, will be released sometime this year, Euractiv reported.

What do you think about cryptocurrency regulation in the EU? Share your thoughts in the comments section below.

The post European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law appeared first on Bitcoin News.

Filed Under: Bitcoin, Crypto regulation, English, EU, European Banking Authority, european commission, Facebook, Libra, Libra Association, News Bitcoin, Regulation

EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

23/07/2020 by Idelto Editor

EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will pay American taxpayers another payout round similar to the last cash injection, but it adds additional money for individuals who meet certain criteria.

Global politicians and central bank leaders believe that creating money out of thin air will save the economy from pending doom. No one knows how much money is needed to fix the economic problems and mend the financial troubles, but Bloomberg contributor Christopher Condon believes it will take another trillion to help fix the United States.

However, other analysts and economists disagree and in Condon’s report, he notes that the former chief White House economist under President Barack Obama, Jason Furman, thinks it will take $2 trillion to mend the U.S. economy.

EU Approves Another Round of Covid-19 Relief Money Is Coming to the US
American analysts and economists are certain stimulus is coming to the U.S. for American citizens again. However, not everyone agrees on how much money is needed. Jason Furman economist for the Obama administration believes $2 trillion is needed.

The European Union is also having issues with the economy, as a number of financial experts have warned during the last few months that the EU would be in danger of financial calamity. Associated Press columnists Samuel Petrequin and Raf Casert explained on Tuesday that the EU finally approved a stimulus relief bill created to help struggling EU member nations.

EU Approves Another Round of Covid-19 Relief Money Is Coming to the US
European Union leaders approved a 1.82 trillion euro ($2.1 trillion) budget on Tuesday.

Economists have predicted an extreme financial depression in the region, so European Union leaders authorized a 1.82 trillion euro ($2.1 trillion) budget on July 21. It is one of the largest stimulus bills the EU has ever passed, as loans and grants will be distributed to the “[EU] countries hit hardest by the virus.”

The U.S., however, is lagging on creating a second stimulus recovery act for Americans, but the House of Representatives passed the HEROES Act in May. The HEROES Act started as a 3 trillion dollar plan, but top congressional Republicans and the Trump administration may whittle that number down to $1 trillion. The financial publication Forbes even offers a HEROES Act payout calculator, so American taxpayers can visualize how much money they might receive.

A number of American pundits, analysts, and economists think the stimulus bill will be approved by the end of July, in order to combat the $600 extended unemployment benefits that expire for Americans this month. At the very least, a cash injection for American citizens is expected by August according to a number of reports.

EU Approves Another Round of Covid-19 Relief Money Is Coming to the US
Despite the Democrats shooting for $3 trillion, Republican’s including Mitch McConnell and members of the Trump administration may whittle the money down to $1 trillion. Even though a hard figure is still undecided, McConnell did tell the press that he thinks the American economy needs another round of stimulus.

Mitch McConnell Jr. (R-Ky), the longest-serving leader of U.S. Senate and Senate Majority Leader, told the media he expects a stimulus bill to be approved soon. McConnell insisted that he will endorse “another round of direct payments.” The American press claims the main reason behind the stimulus move is mainly due to the unemployment insurance expiry.

“The economy needs another shot of adrenaline,” McConnell stressed Tuesday. “If we lose control of the virus…everything else will be window dressing.”

EU Approves Another Round of Covid-19 Relief Money Is Coming to the US
Treasury Secretary Steven Mnuchin thinks $1 trillion or more is needed so Americans can “focus on kids and jobs.”

While discussing the situation with President Donald Trump, Senate Majority Leader Mitch McConnell, and Vice President Mike Pence, Treasury Secretary Steven Mnuchin seems to think the magic number is $1 trillion.

Mnuchin’s statements noted that the money is needed so American’s can “focus on kids and jobs.”

“We’re focused on starting with another trillion dollars, we think that will make a big impact,” Mnuchin told the press on July 20.

Of course, many gold bugs and cryptocurrency proponents see the next rounds of stimulus bolstering the counter-economy. The EU stimulus approval seemingly strengthened the precious metals silver and gold on Tuesday and Wednesday, but digital currencies like bitcoin (BTC) also saw a decent price lift both days.

Crypto proponents on Twitter have said, “the coronavirus stimulus packages around the world are good for bitcoin.” On July 6, 2020, the Open Economy Initiative published a video that showed researchers taking to the streets in Denver asking Americans their opinions about bitcoin and the U.S. government’s recent money printing spree.

Most of the participants the Open Economy Initiative (OEI) interviewed believed that money printing was necessary and a few discussed bitcoin. One person said the “coolest thing” he spent his stimulus check on was “cryptocurrency.”

“It actually went up, and it’s still going up,” one person told the interviewer from OEI. “I’m trying to be wise with [the stimulus money] if ya know what I’m saying,” he added. The OEI website says the organization “envisions a future where cryptocurrency transactions are the standard, transfer fees are minimal, and money is uncensorable.”

EU Approves Another Round of Covid-19 Relief Money Is Coming to the US
This month members of the Open Economy Initiative (OEI) interviewed a number of Americans in regard to their opinions concerning the stimulus and the subject of bitcoin. This man invested his stimulus check into the crypto economy and he believes that concepts like digital currencies will help build a better future.

On Twitter, a number of individuals also viewed the EU stimulus approval as being positive for investments like precious metals and bitcoin, and they expect the pending American stimulus injections to bolster the counter-economies further.

“Expect the market to further rally over the next few weeks as the next round of fiscal stimulus is announced,” explains David C., a keen observer of trends. “This time we should see a broad-based market rally in all sectors. S&P500 should break ATH very soon. Bitcoin, gold and silver will continue its ascend as USD continues to weaken.”

Do you think the next round of fiscal stimulus will bolster bitcoin and precious metal markets? Let us know in the comments section below.

The post EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money appeared first on Bitcoin News.

Filed Under: Bitcoin, BTC, Christopher Condon, Economics, Economy, English, EU, European Union, gold, heroes act, Jason Furman, Mitch McConnell, Money Printing, News Bitcoin, Obama, Open Economy Initiative, Precious Metals, silver, Steven Mnuchin, stimulus, stimulus relief checks, trillions, Trump, US

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