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Cryptocurrency

DraftKings Stakes Digital Assets for Polygon While Its Shares Stumble

DraftKings will stake the digital assets from its reserves to support Polygon after signing a partnership deal with the blockchain last October. A partnership with Zero Hash will carry out this new decision from the sportsbook operator. This move substantiates the platform’s intention to move deeper into the crypto space. However, that is not all to this new game started by DraftKings, as this endorsement could open up the Polygon to the millions of users of this sporting betting site.

Polygon is a blockchain project built on the Ethereum blockchain as Matic solutions 2017. The project intended to bring support to the Ethereum blockchain in terms of scalability and performance. After being in operation for more than three years, the project was renamed Polygon and is currently one of the fastest-growing projects on Ethereum. Polygon is also home to nearly 7000 dApp developers, and the number is still growing. Polygon’s native coin MATIC reached its all-time high of $2.92 soon after the rebranding. However, it is currently trading nearly half the value of its all-time high at $1.43. 

Now, these new developments could help push the price of MATIC to the front. These initiatives from DraftKings are considered as steps towards sustaining a long-term partnership with Polygon. The blockchain will power the DraftKings marketplace, the dedicated NFT infrastructure from the sportsbook operator. This synergy is expected to maximize the capital and liquidity of the betting platform and strengthen governance and security on Polygon. Although MATIC lost nearly 8% in the last week, the last 24 hours have been good to the coin with a 2.76% edge. DraftKings’ decision to support Polygon through its digital assets could help continue MATIC’s positive price action in the weeks to come. Check out the linked article to find more details about MATIC’s price movements in the future.

Despite the lucrative business deals and ideas, DraftKings’ shares keep sliding down in the stock market. The high-end competition from firms like MGM has subdued the value of DraftKings by 10%. Moreover, the revenue of the sportsbook operator is expected to fall significantly in 2022 as many states still are debating over permitting sports betting.

On the other end, Polygon expects to grow as a form of payment in mainstream businesses and industries in the current year. Such expansion of the project will also help DraftKings, which has opted for MATIC over coins like Bitcoin or Ethereum. Since the tie-up between the two firms has been tightened, we can hopefully expect them to work towards wider adoption of this digital coin. Polygon has already integrated dApps like Aave, Curve, Balancer, Sushiswap, and more.

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Cryptocurrency

Russian Ruble Loses Market Capitalization To Bitcoin

Ruble went into a freefall after the western countries imposed several sanctions, including freezing Russia’s assets. The condition is only expected to get worse as the Russia-Ukraine war continues.

As of now, the geopolitical tensions between the two countries have caused Russia’s fiat currency to ruble its place in the global currency market. Bitcoin has reportedly surpassed the ruble in terms of market capitalization.

Bitcoin Overtakes Russian Ruble

The past 24 hours, or even seven days for that matter, have been crucial for the global currency market. Russia’s ruble remained at the center only to lose its place to Bitcoin.

Bitcoin was down to around $37,500 last week. It bounced back to exchange hands at the value of $44,175.04 at the time of press. The recent value is an increase of approximately 2.18% in 24 hours. The trading value of Bitcoin is estimated to touch $72,000 by the end of 2022. Click here to know more about the future price predictions of Bitcoin.

The bouncing back of Bitcoin served well for traders as it touched an overall market capital value of $838,750,177,503.

It has now come to the 14th spot of global currency while Russia’s ruble is down to the 17th position. Russia’s ruble lost its global ranking after registering a drop of 30% in the value, which now comes to less than 1 US cent.

When converted, 1 Russian ruble comes to $0.010 or ₹0.76. The loss in Russia’s ruble follows the sanctions imposed by the United Kingdom, the United States of America, the European Union, and France, to name a few western countries.

The western countries have also blocked Russian banks from the SWIFT payment system through one of their restrictions.

While the fall of Russia’s ruble has obvious reasons, the rise of Bitcoin has some interesting factors that are said to have attributed to its bounce in the market. One such factor is Russians purchasing Bitcoin to move their money out of the country.

Sathvik Vishwanath, a Co-Founder of Unocoin, told the press that Bitcoin was initially created to act as a store of value while facilitating fast and free transactions. The current usage of Bitcoin By Russians has made both these utilities more visible.

He added that the Ukrainian Government adding Bitcoin in donations was also a good way of using Cryptocurrency during such a crisis. Accepting donations in Cryptocurrency has enabled people to contribute to the well-being of Ukrainians anonymously.

Mark Mobius, a veteran investor & the Founding Partner of Mobius Capital, also issued a statement to the press saying that he would be a buyer only if he was Russian. He added that Bitcoin has now shown strength as Russians are using Bitcoin to get their wealth out.

Meanwhile, the trading volume of Bitcoin using rubles has increased tremendously. It has surged to a level that was last seen in May.

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Finance News

Banxso: Trade with Lower Profit Margins for Higher Potential Returns

Overview of Banxso

These days investment has become easier as now we can trade various products based on our preferences. And the credit goes to all the online trading platforms available today. The online trading platforms are integrated with all the tools which are needed to do transactions of stock and various other financial products. Not only this but also various platforms provide customer support which helps the investors to get real-time market insights.

Earlier brokers used to get a call from their clients to confirm the price and further continue the operations. All these activities can be done with simple steps without even contacting the brokers. One such platform is Banxso.

Banxso is quite different from any other trading platforms available online, which have unique AI-based features. Banxso is based on the short for Contract for Different or CFDs. The platform completely understands the goals of the investors. Few investors like to hold their stock for a short period, while some go for long-term investment.

Why Banxso Is the Best Choice for Novice Traders?

The aim of Banxso is to meet the goal of all its investors. This means, the investors who have registered on this platform can now trade on various products at a time. This is one of the best services offered by Banxso for investors who are seeking to diversify their trading portfolio. Not only this but also the platform allows the investors to balance the investment risks through the education provided by Banxso. Apart from this, Banxso motivates all its investors to make smart investments. This comprises both experienced as well as novice investors.

Trading Experience

Banxso provides immense benefits to its investors irrespective of their trading experience. Both novice and experienced investors are provided equal access to view the real-time market insights, regular updates, and tools. Not only this but also the AI-based platform helps the investors to analyze the trading instruments easily. It reduces the efforts of the investors to communicate with the broker.

Lower Fees

Banxso never charges any sort of hidden fees from its clients, which helps in enhancing the overall trading experience. This way, the investors can be assured that they will only be paying the price quoted for them.

Trading Products

There are multiple trading products offered by Banxso that include commodities, cryptocurrency, indices, and stocks. A registered trader of Banxso is free to select their preferred trading product. Investors can, later on, analyze various products.

Mobile Trading Option

Banxso has a mobile trading platform as well, which supports both Android as well as iOS versions. The investors can do trading in just a few easy steps. It is not necessary to have a laptop to do trading in Banxso. The mobile platform helps the investors go through their past transactions, and they can track their trading account using the mobile platform.

Safety

Trading with Banxso is completely safe as it is regulated by the South African Financial Sector Conduct Authority (FSCA). The goal of FSCA is to protect the financial goals of its customers by making sure that they do their trading operations fairly.

Conclusion

The professionalism and excellence of Banxso cannot be praised in a few lines. The traders have to experience its operations first. There is no chance of getting disappointed with the services offered by the platforms. From the products to the customer support, it has everything to provide its customers.

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Finance News

Ethereum Likely to Lose Its Dominance to Competitors

Morgan Stanley recently published a report titled Cryptocurrency 201 – What Is Ethereum?. Its wealth management global investment office has put forward some arguments which prove that Ethereum is at the risk of losing its dominance in the market.

The report presents a rundown of Ethereum’s features, market, and competition. It highlights the ecosystem’s advantages and disadvantages while arguing how Bitcoin is in a better condition.

Ethereum At Risk Of Losing Its Dominance

Many traders feel Ethereum has a bigger market potential than Bitcoin because of its transaction-based burning process, which has deflationary characteristics. However, a report published by Morgan Stanley suggests otherwise.

It argues that the dominance of Ethereum is at risk, and the platform may lose its spot if competition emerges. The price of Ethereum has fallen by 7.14% in the past seven days. The price declined by 6.41% in the last 24 hours. Find more details here about the future of ETH and whether it will reach Bitcoin’s status.

The demand for Ethereum is currently tied to its transitions. This poses several scaling constraints that hurt the demand of Ethereum. Competition emerging in the market will give users more options, leading to an inevitable switch.

The volatility of Ethereum is also a concern that Morgan Stanley has highlighted in its report. It has been observed that Ethereum is more volatile as compared to Bitcoin. Market factors tend to have more severe effects on Ethereum than on Bitcoin.

Other issues highlighted in the report are related to scalability, competitive threats, and complexity challenges.

Ethereum is expected to lose its ground in the smart contracts industry as well, with the rise of the upcoming competitors that include Cardano, Polkadot, Solano, and Tezos.

The competitors may prove to be quicker and more economical compared to Ethereum.

Morgan Stanley’s report also highlights that Ethereum poses a larger risk of investment as compared to Bitcoin.

While only a few transactions are needed to use Bitcoin, the demand of Ethereum is completely tied to its transactions. Bitcoin’s concept is similar to that of a decentralized savings account.

Also, Ethereum’s Smart Contract market is at higher risk than Bitcoin’s store-of-value market.

Other fears highlighted regarding the network included the changing regulatory status of Ethereum-based apps like Decentralized Finance (DeFi) and NFTs, which may be subject to tighter laws in the future, resulting in lower demand for Ethereum transactions.

In terms of supply holdings, only the top 100 addresses hold 39% of Ether as compared to the 10% for Bitcoin. This further puts Ethereum’s market dominance at stake.

Morgan Stanley further highlighted that with the ultimate shift to a proof-of-stake consensus method, Ethereum’s performance could greatly improve:

According to the paper, Ethereum has a considerably larger addressable market than Bitcoin and so could potentially be of a higher value than Bitcoin, which is merely the market for a store of valuable items such as savings accounts and gold.

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Reviews

Banxso Review: Get Best Trading Experience!

Overview of Online Trading Platforms

Online trading platforms have been witnessing massive popularity in the last few years. The platform is today used by investors and customers across the globe due to the advantages and advanced features offered. The charges associated with these trading platforms are comparatively less. With the evolution of technology, safety and security concerns are also slowly and steadily being subsided.

Banxso Review - Online Trading Platforms

The biggest advantage of the online trading platform is that it offers the convenience of trading at a time and place of your choice. There is no compulsion to go to a specific physical place to start trading, which has proven to be a huge advantage given the current situation of the Coronavirus pandemic (COVID-19).

It is very important to understand that along with advantages, there are certain things one should keep in mind before starting investing in online trading platforms. It is a wiser decision on the part of investors to choose the platform that has high reliability and good customer reviews among other things of consideration. This particular aspect can help them to have a safe trading experience without losing their money in the long term.

What Is Banxso? 

Banxso is the leading player in the online trading platforms industry and it has carved a place in the competitive market by offering high-reliability safety and security to the traders. The platform offers a one-stop solution for all your trading needs and it comes as no surprise that it is becoming a favorite among the masses. It not only provides the ideal platform to trade but also guides the participants in the trading ecosystem to help them make safe and efficient trading decisions.

The approach adopted by Banxso is completely transparent and all-encompassing, which means investors need not look for any other revenue of investment in order to meet their financial goals. By offering the options of trading all kinds of assets right from Forex to stocks and from Indices to cryptocurrencies, Banxso eliminates the need for having different portfolios across different platforms for meeting the holistic need of financial investment.

Features of Banxso 

Banxso is considered as a one-stop solution for all trading needs of the investors. It offers the highest level of safety and security to investors by sorting their investments into different categories. To make the experience even better, there are no hidden fees involved in the process.

Another important distinguishing factor is that the platform provides guidance on how to go through the investment in the various categories that can prove instrumental in making sure that investment targets are met within the time frame set by the investor.

It is also important to note that Banxso is committed to bring equal opportunities for all investors without any kind of bias or prejudice. It is part of the umbrella body in the investment field and it works under strict regulatory guidelines. In fact, the trading platform operates under the European guidelines and regulations, which further enhances the overall safety and security aspect related to the platform. There is no limitation associated with the experience of the investor in the field of trading as anybody can start the process by taking guidance from the experts on the platform. In addition, the platform offers education for investors that can prove really helpful in meeting the financial goal of the investors in the long run.

How to Open a Banxso Account?

The process of opening the account is simple. All one has to do is to go through the investment section of the platform and sign up for the Banxso account. It is free of cost, and given the simplicity of the process, investors can open the account within a matter of a few minutes. Once the signing-in is done, investors can proceed with the various decisions related to the investment.

Open a Banxso Account

Banxso Demo Account Service 

The demo account service of the platform can be accessed by potential investors so that they get a clear idea of how to operate the account and how to go ahead with the investment decisions. It is really helpful for the investors that are new to the field of investing and still in the learning phase as far as the principles, tools, technologies, and other fundamental aspects of investing are concerned.

Types of Trading Products Offered by Banxso 

The unique selling proposition of Banxso is the variety of trading products offered by the platform. Some of the significant categories in the list include:-

Forex

Foreign exchange is one of the prominent categories that can help the investors make huge profits by purchasing the currency of one country and selling it at a higher price in the other country. It is useful for meeting financial goals and with the help of Banxso, one can make attractive profits in this category.

Stocks

Investing in the stocks of different organizations is also an attractive option for making money in the financial markets. Banxso offers this option, keeping in mind the interest of the institutional investors that are eager to bet on the companies with high growth rates and robust product portfolios.

Indices

Investment in indices have also gained traction among investors. Although this option is not available on all trading platforms, the holistic approach adopted by Banxso makes the category available for investors on the trading platform.

Commodities

This is one of the most popular options among investors. Banxso offers a wide variety of options to choose from in the commodity sector.

Crypto

The popularity of digital currencies is increasing by the day, which is why Banxso has included a range of options in this category to make sure investors can buy and trade digital currency of their choice.

Types of Trading Platforms Offered by Banxso 

Primarily there are two platforms offered by Banxso for the investor so that they can make investments in a productive and efficient manner:-

MetaTrader 5

MetaTrader 5 comes with a range of smart tools, which offers fundamental and technical analysis tests and has the facility to send alerts to the investors in terms of the latest financial happenings in the world. It is a comprehensive platform and can be used to expand trading activities in both centralized and non-centralized markets. It is lightning fast in its operations and offers investors an opportunity to have a comprehensive view of their offers and bids across the market.

Mobile

As the name suggests, the Mobile platform allows investors to do trading and all other allied activities with the help of their mobile application. There is no need to have a desktop, as the mobile app provides you with a comprehensive set of tools that can easily accomplish all the tasks related to investment decisions. It comes as a handy option as people can trade from anywhere rather than restricting themselves to have access to the desktop for trading.

Banxso's Mobile Platform

Educational Services & Investment Strategies by Banxso 

In order to make sure that investors are well informed in the field of financial knowledge, Banxso offers several comprehensive educational and investment strategies for investors. This is a part of the ecosystem of the platform and it is really helpful in order to make sure that investors make the right decisions in accordance with the changing financial and business processes across the globe.

In fact, these educational services are one of the distinguishing aspects of the Banxso as there are only a handful number of platforms that actually go to the extent of providing investors with the educational services. For the newcomers and novices, this could come across as a very useful option as they can utilize the services in order to know the very basic and fundamental aspects of making an investment.

Banxso Customer Support 

Unlike other customer support systems that are there only for lip service or part of the marketing strategy, Banxso offers vibrant and dynamic customer support. The entire team of the customer support system is responsive and ready to solve all the queries from the investors on a real-time basis. No matter whether your question is about the trading tools or about the specific financial market or situation arising from some emerging opportunities, you can contact the customer support system in order to get the information related to each and every trading need. The option of live chat is also available so that the queries can be handled and solved with the desired speed and efficiency.

Banxso-Review-Customer-Support

Why Choose Banxso for Trading?

  • It is one of the most comprehensive trading platforms available in the world.
  • It operates under the European guidelines and has registered under the Cyprus Securities and Exchange Commission and Markets in Financial Instruments Directive.
  • It offers a wide variety of financial tools to choose from.
  • The option of trading from the desktop as well as mobile is available.
  • The customer support system is vibrant and dynamic and helps to solve queries on a real-time basis.
  • The platform also offers educational and investors awareness services that make it a comprehensive and Holistic platform.

Is Banxso Legit or Not?

As mentioned above, Banxso is registered under the Cyprus Securities and Exchange Commission and Markets in Financial Instruments Directive. This makes the platform reliable as it operates under a regulatory framework for its operations and procedures. It also takes away all the fears related to the legitimacy of the trading as it is regulated and operates under certain guidelines and recommendations of a regulatory authority.

Conclusion 

Banxso is the most comprehensive and vibrant trading platform in the world of financial market investment. It comes with a range of options that make it a holistic platform to meet all your investment needs. Not only the services offered by the platform superior but also there are no hidden fees that one has to pay for investment in the financial markets. It is also regulated by guidelines, which makes it one of the safest trading platforms in the world.

It is also important to take into consideration the educational services and awareness initiatives taken by the platform. This is really unique given the fact that most of the organisations are more concerned with their profitability rather than taking a view of the customers and their investment decisions. This initiative is indeed proving helpful in order to make sure that the investors are able to achieve their financial goals with the desired efficiency. 

In addition, the safety and security offered by the investment platform is also worth an appreciation as many investors are usually concerned about the legitimacy and security offered by the platforms. The algorithms, which are based on artificial Intelligence can also be counted as one of the distinctive competencies of the trading platform. 

FAQs 

Is Banxso a Genuine Platform? 

Banxso is a genuine trading platform because unlike others it is governed by rules and regulations and has been registered under the Cyprus Securities and Exchange Commission and Markets in Financial Instruments Directive. This makes the platform a genuine and reliable one in its operations and activities. 

Is There Any Hidden Fee I Have to Pay? 

There is no hidden fee associated with the investment platform, which is a very positive thing given the fact that usually hidden fees are part of the charges demanded by the trading platforms. 

Is the Mobile Application Available? 

Banxso offers both desktop and mobile app options for investors. The mobile app is also fully equipped to carry out all the investment activities related to Financial Markets and investment decisions. 

Is There Any Customer Support Available? 

Banxso offers a responsive and robust customer support system to its investors. It also offers educational services so that decisions related to the investment can be made in an effective and efficient manner.

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Finance News

Dollar Slides Up but Traded at the Lowest Point

In Asia on Wednesday morning, the dollar was riding high in the market, but it was still at its lowest level in over three weeks. With the latest U.S. employment data, which might give clues to the U.S. Federal Reserve’s asset reduction plan, expected on Friday, investors continued to keep their movements minimal.

The greenback has been on a downward trend since hitting a nine-and-a-half-month high of 93.734 on Aug. 20, as several Fed officials hinted asset reduction would not start anytime soon.

While Fed Chairman Jerome Powell stated at the Jackson Hole symposium last week that asset cutting might begin in 2021, he did not offer a specific timeline. Loretta Mester, the president of the Cleveland Federal Reserve, stated on Monday that she was not sure that recent inflation statistics met the central bank’s price stability aim.

The Conference Board (CB) consumer confidence index fell to 113.8 in June, which was the lowest in six-month, while the S&P/Case-Shiller 20 n.s.a. home price index composite rose a record 19.1 percent in June.

The AUD/USD exchange rate fell 0.01 percent to 0.7314. During the second quarter of 2021, Australia’s GDP increased 9.6% and 0.7 percent quarter on quarter. The NZD/USD exchange rate fell 0.06 percent to 0.7040.

Investors will have a close look towards the latest U.S. employment report, which includes non-farm payrolls, expected out on Friday since one of the Fed’s requirements for starting asset reduction is labor market improvement.

In a letter, National Australia Bank (OTC: NABZY), who heads the foreign exchange, Ray Attrill stated, “The dollar upswing is gone for the time being at least,” when Powell effectively distanced the argument over taper timing from any choices about higher rates.

Their Aug. 20 lows suggest “Positive price activity” connected to the dollars of Australia and New Zealand, stating “there is a creation of a base for currencies,” the note suggested.

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Finance News

Fed Predicts Declined Asset Prices Due to Rising Valuations

The Federal Reserve makes a bold statement stating that rising prices in the stock market and other sectors threaten the financial system. The statement came out in the central bank’s semi-annual Financial Stability Report. The bank stated that the overall system has stabilized during the pandemic; however, the future holds several risks. The most prevalent one in the lot is the aggressive run of the stock market.

If the risk appetite falls from the current level, numerous assets will be subject to a sharp decrease in market price. The development will put a massive burden on the financial system. Such situations will turn into reality if the pandemic recovery phase stalls, leading to pressurizing businesses and households.

Investors worldwide are snapping up bonds, cryptocurrencies, and equities. They are depositing billions of dollars into blank-check organizations (SPACs), causing the market to stay brisk for standard IPOs (initial public offerings). Fed’s financial stability report back in November 2020 also flagged high asset valuations. The latest report states how risk-taking potential is rising in both bond and equity markets. It notes a bunch of high leverage and opaque risk, especially in hedge funds and related sectors.

Lael Brainard (Fed Governor) stated that the current situation specifies the importance of ensuring the system is properly guarded. She emphasized banks are increasing their capital needs during the economy’s expansion to cope with the downturns. Brainard continued that risks surrounding the risk appetite are surging. The valuation charts have continued to increase, and combined with high corporate indebtedness, can increase the effects caused by a re-pricing happening.

As per the report, multiple sectors like hospitality, travel, and energy possess the most issues due to their sensitivity. Open-end funds and the money market are not exempt from the risks either. The 1.7 trillion dollars findings in the student loans also pose restricted risks to the financial system. The reason being the majority of the debt is owned by 40% of the top earners.

A recent survey by Fed showcased how pandemic-related issues are the biggest threats, followed by the resistance towards vaccination. The next on the line was increasing interest rates, rising inflation, and the tension between China and the US.

While the financial industry is stabilizing right now, the Federal Reserve Bank highlights the dormant risks in the sector. As per Fed’s semi-annual financial stability report, the assets might experience severe price decreases if the valuations keep rising. If the risk appetite showcased by investors starts to decline, the results can be disastrous for the economy.

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Finance News

Singapore Stimulus Package, SGD Experiences a Six-Month High

Singapore’s currency is leveraging the nation’s large pool of fiscal reserves. After the government revealed another stimulus package, the pandemic-driven losses were waived off as the Singapore dollar witnessed the highest level in six months. This package was financed by unused expenditures allowed in the earlier budgets.

Earlier, there was pressure on Singapore’s Monetary authority to lower the currency band for inflation management. This pressure is being eradicated with the total pandemic aid over USD73 billion, and there could be more gains to come in the near future. This fiscal buffer of Singapore differs distinctly compared to the current situation of many other developed countries, relying on increased debt and rate cuts to funding stimulus, by the central banks.

The Monetary Authority of Singapore (MAS, the central bank of Singapore) has taken an unrivaled action of lowering the midpoint of the currency band in March while reducing its slope to zero. The response of this action remained appropriate, said Edward Robinson, Deputy Managing Director of MAS.

The local dollar is strengthening beyond 1.36 in comparison with the greenback, Vishnu Varathan said. He added that the ability to utilize the surplus of previous years’ packages is a competitive advantage for the nation. Plus, his forecast regarding Singapore’s currency may be conservative as in the markets, there is a bearish impulse for USD. Varathan is the head of economics and strategy at Mizuho Bank Ltd., Singapore.

There is a projection of consumer prices falling 0.4% in July from the prices a year ago compared to a drop of 0.2% in June. On Wednesday, the industrial production numbers are expected to bring an estimated output to rebound 4.0% in July from a month earlier, still a low of 6.4% from a year earlier.

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Finance News

CitiGroup to Pledge $250 Billion in Environmental Finance

One of the world’s biggest finance corporations, Citi Group, has announced a five-year plan with new investments to be made towards sustainable business growth and low-carbon economy. According to the announcement, Citi will invest around $250 billion in environmental finance in the next five years. Being a leader in the banking sector, the organization aims to direct this triple-digit billion-dollar investment towards the 2025 Sustainable Progress Strategy plan and the goal is to fund climate solutions around the world. 

In the next few months, the bank would be running all its establishments across the world on 100% clean energy through renewable electricity and by the end of 2020, all buildings owned by CitiGroup and its subsidiaries across the world would be running on sustainable green power. 

The planned $250 billion environment investment will be diversified into sustainable operations, climate risk mitigation, and low-carbon transitions. 

Sustainable Operations: This strategy sets some fourth-generation goals focused on operating businesses with clean energy, reusable water, controlled GHG emissions, waste reduction, and sustainable building solutions. By 2030, the organization aims to trim the global CO2 emissions by 45% and accelerate its work in the timeline after 2025.

Climate Risk Mitigation: The organization plans to manage, measure, and reduce its operational portfolio and clientele on the climate. By encouraging low-carbon transition, the organizations would invest majorly in sustainable business portfolios over high-profit carbon-heavy propositions. Citi will also participate in the Partnership for Carbon Accounting Financials, a global network of financial institutions that checks and reveals the CO2 emissions of every lending portfolio through standardizing carbon accounting methods.
Low-carbon Transition: The principal goal of this plan is to offer finance and facilitation services to renewable energy businesses only. Citi will fund businesses supporting green technology, clean energy, high water quality, improved resource conservation, and eco-friendly transportation. It will also promote the adoption of green buildings, zero-carbon economy, and energy-efficient solutions on land use and agriculture.

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Finance News

Crypto Tycoon Card Game Comes With New Surprises

Crypto Tycoon card game is the world’s first crypto-based card game that is released on the Litecoin platform and has already made thousands of diehard fans since its launch in March. Now Litecoin foundation brings in more surprises for the players by releasing two exclusives “When Moon” playing cars with every preorder (limited to up to the first 200 orders) of the Crypto Tycoon Card Game.

The crypto tycoon game is owned by the crypt startup firm based in Huston named Cypherpunk. The game is loaded with amazing strategies and tactics and its volatility keeps every player glued in the game from the very beginning till the last card ends. Though the game is complex, it is still meant for everyone. Once the players can unravel the strategies of the game, the game never seems boring. It exposes the players in a world full of crypto humor and trivia. The design of the card game allows the players to learn as they continue to play. There are on-card instructions to help the players understand the game. Two to five people can play the game together. There are three separate cryptocurrency portfolios in the game that the players need to complete at a go. The player who can complete all the 3 portfolios at first will be claimed as the ‘’Crypto Tycoon’’. The game lasts up to an hour or can even end in half an hour, that would depend on the luck of the draw.

The added excitement of the “When Moon” playing cards introduced by the Litecoin Foundation, makes the Crypto Tycoon game even more wannabe among the players. Each card immerses the players into aesthetic photos of the moon and takes them to the other world. Barry Aldeen, the CEO of Cypherpunk, quoted saying,

Crypto Tycoon was designed to primarily be a real fun, fast-paced, exciting and addictive game that anyone can play, whether you are into crypto or just into playing games. It was designed to make everyone feel like they are right on the cusp of winning, but that it can be ripped away at any moment by another player, or that you can rip it away from another player at any moment and claim your victory.