Kyle Downey

Earning with Stablecoins in the TON Ecosystem (Part 1) Latest Update as of June 11, 2024 (https://lnkd.in/e-4UK6P5) I've never been full of love and admiration for the TON network, largely due to the lingering disappointment from the ICO era of 2017-2019, when 99% of projects failed to deliver on their promises to small investors. Telegram official Wallet (specifically its CeFI component) offers an opportunity to earn 50% annual interest for the first 2 weeks and 25% for the following 2 weeks. Restrictions: 1️⃣ KYC Requirement: Prepare your passport or driver's license; it will take SumSub about two hours to review them. 2️⃣ Maximum Deposit: 3000 USDT. 3️⃣ Rewards: Paid in TON, with a minimum withdrawal amount of 1 TON (equivalent to $7). 4️⃣ Minimum Deposit: $240 (since earning 1 TON is required to make a withdrawal). 🎁 Maximum Profit Calculation: With a deposit of 3000 USDT, the potential earnings are: $86.53 = 3000 * 0.5 / 52 * 2 + 3000 * 0.25 / 52 * 2 #ton #ton_wallet

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Further dollarization is via stablecoins is a good thing for the US (one the US government seems to be fighting against by pushing companies off-shore), but I still liked the original vision of Diem with a basket-based global stablecoin. Interestingly, it's the same concept used by the IMF for the SDR: https://lnkd.in/eERkbM_w There is even a published spot rate for it. https://lnkd.in/eHjdQkT8 https://lnkd.in/e8sdnvtE

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A $1.5T Groupe BPCE subsidiary has received approval to launch #Bitcoin services to its 35 million users. Groupe BPCE is one of the largest banks in France. HT Bitcoin Magazine

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Blockchain was never about crypto Or, metaverse for that matter. . Blockchain, or more appropriately, Distributed Ledger Technology (DLT), has always been about improving efficiencies within and across organizations. Many years ago (far too many to count), I had the fortunate opportunity to attend graduate school in the U.K. Sure, the courses were challenging, but it was the simple task of moving money from one country to another to pay for it that caused all the stress. One would think it would be easy, especially since I was using the same bank, one branch in the U.S. and the other in the U.K. But I quickly realized while trying to get a student loan: The two branches were complete strangers. After school, my monthly loan payments became a painful process. Between unfavorable exchange rates, costly wire transfers, and the manual effort required each month to make a payment, it was ridiculously challenging. So, I opted to move my student loan back to the U.S., but of course, the bank couldn't treat my loan as a student loan once it came to the U.S. so I had to get a personal loan to pay off my student loan. Are you kidding me? So, I ended up paying higher interest rates just to make my life easier – simply because the bank couldn't get its act together internally to streamline the process between branches. This is just one example of the many inefficiencies that exist within large enterprise when it comes to tracking assets / data across the organization. This is where DLT/Blockchain comes in. At its core, blockchain excels at connecting disparate data and partners who need visibility into the movement of assets. And when I say asset, I mean anything that has value to someone: a driver's license, passport, mortgage, legal contracts, products, financial transactions, etc. Citi seems to have figured this out, launching its Token Services for Cash. This system processes multimillion-dollar cross-border transactions between branches using a private and permissioned blockchain solely owned and managed by Citi. While many organizations are experimenting around the hype of blockchain with crypto, digital assets, or pushing to get clients to join blockchain networks and having limited success, Citi's doing innovation right. The key to innovation? Start small and remove friction in order to test and learn. With Citi's implementation, "clients are not required to hold or manage any tokens to access the services." Citi has removed the friction to implement while they adopt, learn, and scale... making it easier for clients to benefit from blockchain technology without overhauling their entire systems. And that's how you innovate on an emerging technology. . . #innovation #future #blockchain #DLT

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The new U.S. administration is expected to bring with it an air of cautious optimism for the crypto industry. While the identity and posture of the next SEC Chairman remain unknown, the early signals in 2024 and the electoral promises we’ve seen suggest a meaningful departure from the aggressive stance of the Gensler-led SEC. Under Gensler, we saw a hostile approach that many condemned as stifling innovation and growth in the industry. But what happened this year hints at a new era—one that may prioritize clarity, fairness, and collaboration over punitive actions. For the crypto community, this is an opportunity to prove we can build the system we’ve been advocating for: a safe, innovative industry that aligns with clear and reasonable regulations. With institutional players becoming increasingly involved in the space, we’re entering a moment where growth and compliance don’t have to be at odds. How do you think the SEC will treat crypto during the next four years? Who do you have as the new Chair?

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Stablecoins and Financial Transformation A recent CoinDesk article highlights insights from Standard Chartered and zodiamarkets suggesting that stablecoins could grow to 10% of the U.S. money supply and FX transactions. Key trends include: ➡️ Ongoing regulatory discussions ➡️ Expanded use in cross-border and FX transactions ➡️ Increasing integration with traditional financial systems Read more: https://shorturl.at/WK34c #DigitalFinance #Stablecoins #BlockchainInnovation

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The unconstitutional targeting of crypto firms through ‘Operation Chokepoint 2.0’ affects Transak and every fiat on/off-ramp and crypto exchange in the USA—and beyond. By pressuring banks to restrict crypto, it stifles innovation, limits consumer access to blockchain solutions, and intentionally prevents transparency and anti-corruption efforts. Regulatory clarity and fairness are urgently needed to protect consumers and unblock growth in this revolutionary space.

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As well as the over hyped and basically useless predictive texting that is an LLM there is the other vapourware that people are claiming to be experts in (as there is no such thing it is difficult to proved they are talking crap): Quantum Computing (and post-quantum cryptography). If you want to know how far away this technology really is read this article to learn about some of the problems ...That's why Quantum people (just like AI people) will always tell you "In 5 years.....". What a load of garbage!! Quote of the day: The best use for QKD is to knock up an impressive PowerPoint deck and show it to a funding agency https://lnkd.in/eHzj7bT7

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In the news 🗞️ - Tristan Frizza, the founder of Zeta Markets, spoke to CCN to discuss how advanced technologies and quantitative trading firms are reshaping cryptocurrency trading, particularly in decentralized derivatives (...) Catch the full article 👇  https://lnkd.in/gBJ7vubK

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Anuj Bathla, Senior Director of Business Development of Circle explains how Circle shares similar objectives to Zero Hash to accelerate the real-world use cases of #stablecoins. Anuj shares three key areas, where stablecoins add value: 1. Global access to dollars and the dollar economy, especially for markets with high inflation and currency instability; 2. Cross-border payments; B2B, Payroll, Marketplace, and P2P remittance transfer; 3. Unlocking the ability for people to leverage stablecoins to trade global markets Watch the full discussion between Anuj and Mark Daly, Global Head of Revenue of Zero Hash to learn why and how Zero Hash and Circle partner to simplify access to #USDC. https://lnkd.in/e29BFHuk #Partnership #Payments

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