The goal of the law is to give more freedom to people when using Bitcoin. The state also wants to protect against inflation — when normal money loses value. This is one reason why some people prefer Bitcoin. The plan includes tax rewards for businesses and also has a part that teaches people about cryptocurrency.

Much like how UK casinos not on GamStop offer more choice outside of regular systems, Oklahoma’s proposal wants to create flexible options in finance too.

FTX’s Fall and Backpack’s Big Move in Europe

A company called Backpack just bought FTX EU. This was the European part of the failed FTX crypto exchange. The deal is said to be worth around €30 million. It was approved by both the courts and financial authorities in Cyprus. This step gives Backpack a license to offer crypto services under EU rules.

This isn’t just about business. Backpack says it will help people who lost money during the FTX collapse. They plan to open a new platform called “Backpack EU” where former FTX users can register and begin the process of getting their money back.

However, crypto claims will still be handled by the FTX estate. That means crypto assets won’t be returned directly by Backpack. Still, this is seen as a positive step after the chaos left by FTX. It shows that some companies are trying to clean up the mess, follow the rules, and rebuild trust in the crypto world.

Thailand’s Bitcoin Mining Crackdown: Nine Sites Closed

In Thailand, police discovered and shut down nine illegal Bitcoin mining centers. These places were using stolen electricity to run powerful computers for mining. It’s estimated they took over 10 million baht worth of power, which is a serious crime. Two men were arrested and charged.

This operation started because someone reported suspicious activity near what looked like an empty house. The police, working with the electricity department, found hidden mining equipment. After that, they found more places doing the same thing.

Bitcoin mining needs a lot of electricity. In Thailand, electricity is cheap, so it’s a popular spot for miners. But legal mining must follow rules. You need permits and must pay for the power you use. If not, you can face big fines or even go to jail.

This case is one of many worldwide where governments are cracking down on crypto activities that break the law or damage public systems.

Crypto Market Hit by $520M in Liquidations as Bitcoin Falls

The last 24 hours have been very tough for crypto traders. Over $520 million was lost as the prices of many coins dropped suddenly. Bitcoin was the main cause. It had been climbing toward $100,000 but suddenly dropped below $96,000.

This change surprised many traders. Around 197,000 of them had to close their trades. Most of the money lost came from long positions. These are bets that the price will go up. When prices fell, they lost badly. Bitcoin alone saw $70 million in losses. Ethereum and Dogecoin also lost a lot.

This shows how risky the crypto market can be. Many people use leverage, meaning they borrow money to make bigger trades. But if the price moves the wrong way, they lose more. That’s what happened here.

The lesson is clear: it’s very important to understand the risks when trading. The market moves fast, and big changes can happen in just one day.

Hong Kong Launches New Program for Safe Blockchain Use

The Hong Kong Monetary Authority has launched a new program. It’s called the “Supervisory Incubator for Distributed Ledger Technology,” or DLT. The goal is to help banks use blockchain safely and effectively. Blockchain can make banking faster and more secure, but it needs to be done right.

This program will guide banks in testing new blockchain systems, especially for tokenized deposits. These are digital versions of normal money. Banks can try these systems with help from experts. This way, they can test for problems before offering services to the public.

The program also helps the whole banking industry by sharing good practices and doing research. It’s meant to speed up blockchain use while keeping everything safe.

This shows that Hong Kong wants to stay ahead in finance and technology. With smart planning, they hope to improve services, reduce costs, and create new financial tools

Fake OKX Extension Puts Crypto Users at Risk

OKX, a popular crypto exchange, gave a warning about a fake browser extension using its name on Firefox. The fake plugin is not made by OKX and may steal users’ information. The company says it has no official browser tools.

Fake extensions are a growing problem. They often look real and use the same branding as the company they copy. But once you install them, they can take your passwords, private keys, and even empty your crypto wallet.

OKX told users to only download tools from trusted sources. It also suggests turning on two-factor authentication and checking your account often.

As crypto grows, scams are also growing. It’s important to be careful. A small mistake, like trusting the wrong extension, can lead to big losses. This warning is a reminder that in crypto, you need to double-check everything — especially when it involves your money.

The post Bitcoin and Digital Rules: Oklahoma Pushes for Crypto Use in Daily Life appeared first on Biisummit.com.

This shift has big meaning for the tech industry. Companies that focus on using AI, instead of just building it, might see more growth. It’s not just about massive firms with big budgets anymore. Smaller businesses or mid-sized tech companies may have a better chance of entering the market. In short, cheaper tools can lead to wider use, and that could affect many industries, from transport to healthcare.

Why Inference Is Becoming More Important Than Training

For a long time, companies like Nvidia have led in building chips for training AI. These chips are strong but costly. Now, the focus is moving toward inference — the part where an AI system is actually used to do something useful, like analyze data or provide customer help.

Inference chips are often cheaper and more competitive. This change could mean more companies trying to improve how AI runs, not just how it’s built. If this continues, it might shift attention from hardware to services, software, and real-world results.

Companies that make software platforms or provide AI as a service could see a rise in demand. It’s a space where newer firms might compete better. So the overall story is no longer only about powerful hardware — it’s about who can run AI best and cheapest.

Platform Companies Could See a Boost

One group of tech companies that might benefit most from this shift are those that offer platforms, not just tools. For example, Palantir is one name that’s often mentioned in this space. They help companies apply AI in useful ways, like finding patterns in big amounts of data.

As AI costs drop, more businesses will want to use it. But they may not have the tools or skills to do it alone. That’s where platforms come in — they make it easier for others to use AI without starting from scratch.

This shift could also lead to changes in market share. Software as a service may lose some ground. Platform services may gain more attention. And infrastructure companies, like those that provide cloud systems, might stay stable.

Lower Costs Could Speed Up Demand

When something becomes cheaper, more people usually want it. AI is no different. If companies no longer have to spend millions to use AI, they’re more likely to try it. This could lead to faster adoption, especially in areas like driverless cars or health diagnostics.

Some experts say the biggest impact could be in healthcare. With cheaper AI tools, it’s now more possible to connect gene research, scanning technologies, and advanced computing to find and treat diseases. The same goes for drones, smart vehicles, and other tools that rely on real-time decisions.

The price drop in AI tools is also helping more firms explore new ideas. You don’t have to be a billion-dollar company to test your model. This could increase innovation at all levels.

Will Smaller Tech Companies Catch Up?

Even though AI costs are falling, smaller tech stocks haven’t caught the same attention as big firms like Amazon or Microsoft. This might seem confusing. If AI is easier to use now, shouldn’t more companies benefit?

The answer may lie in market behavior. Investors still focus heavily on a few big names. This creates a gap between large-cap and mid-cap stocks. But some believe that could change soon. As tech gets more accessible, smaller firms might finally get their share of growth.

This could lead to a wider and healthier stock market. A market where gains aren’t just from six or seven big names, but from many different areas. If that happens, the growth could be more stable over time.

Regulation and Timing Still Matter

As the AI sector grows, there’s also concern about regulation. Some people worry that rules could slow things down. Others say now is not the time to regulate heavily, especially since the industry is still changing fast.

The U.S. seems to be taking a light-touch approach for now. That could help companies keep building and testing AI tools without too many delays. But too little regulation can also create risks. So it’s a careful balance.

One good thing is that political support for AI growth is increasing. That means laws or rules might be created with business growth in mind. For now, it seems like the focus is on helping innovation continue, not holding it back.

China’s Role in the Future of AI

Another important part of the story is China. A new AI tool from there, called DeepSeek, is getting attention. It has shown strong results, and it was built for a much lower cost than expected. Some say this proves that AI can be built cheaply, even outside of big U.S. tech labs.

This also means competition is growing. But competition often leads to better tools and faster progress. Some experts believe this can be good for everyone, even the U.S.

This situation feels similar to the “Sputnik moment” in history — a time when one country’s tech progress pushes another to move faster. That could happen again now, leading to more focus and more smart investments.

Crypto and Tech May Be Closer Than You Think

As AI grows, so does the talk around cryptocurrency. Some see Bitcoin and other tokens as part of the next wave of tech. Bitcoin in particular is seen by some investors as more than just digital money — they see it as a possible base for a new financial system.

Some support the idea of rules-based money, not tied to a single government. Others prefer stablecoins backed by assets like U.S. Treasuries. Either way, the tech behind crypto is becoming a more common part of financial talks.

At the same time, interest in crypto is growing in political circles. Some leaders now support it more openly. This could lead to clearer laws, which might bring more people and businesses into the market. One investor even said this reminds them of the early days of online banking.

The Market Might Be Ready to Spread the Growth

For now, the largest tech firms are still leading the way in AI. But if history is a guide, that might not last forever. In the past, after periods of high concentration, smaller firms have often started to grow faster.

That could happen again. If AI becomes cheaper and more accessible, more companies can join the race. That could lead to a wider bull market — one that rewards innovation across the board.

For investors, the big question is whether this shift will be smooth or messy. No one knows for sure. But if the trend of lower costs and faster tools continues, the next few years could bring big changes to how you use technology — and who builds it.

The post AI Is Getting Cheaper, and That Changes Everything appeared first on Biisummit.com.

What Is Blockchain?

At its core, blockchain is a distributed ledger technology (DLT). Rather than relying on a central authority, it stores data across multiple nodes, ensuring that once a transaction is verified and added, it cannot be altered retroactively without consensus from the network.

Key characteristics include:

• Decentralization: No single point of failure or control
• Immutability: Data, once recorded, cannot be tampered with
• Transparency: Transactions are visible to all network participants
• Cryptographic Security: Advanced encryption ensures authenticity

How Blockchain Improves Financial Transaction Security

Here are some of the most impactful ways blockchain enhances financial transaction security:

1. Tamper-Resistant Ledgers

Blockchain ensures that every transaction is permanently recorded in a chronological order. Once confirmed, entries are virtually impossible to alter without alerting the entire network.

2. Advanced Encryption

Each block in a blockchain contains a unique cryptographic hash. Any attempt to modify a transaction changes the hash, immediately invalidating the chain unless consensus is reached.

3. Consensus Mechanisms

Blockchain employs consensus protocols like Proof of Work (PoW) or Proof of Stake (PoS) to validate transactions. These require network agreement, making unauthorized changes nearly impossible.

4. Reduced Intermediary Risk

Traditional transactions rely on central institutions for validation. With blockchain, peer-to-peer (P2P) validation removes the need for intermediaries, lowering the risk of breaches and human error.

5. Real-Time Auditing

The distributed nature of blockchain allows for ongoing, real-time verification of transactions, streamlining auditing processes and making them more transparent.

Comparison Table: Traditional vs. Blockchain Transactions

Blockchain in Action: From Banking to Trading

While blockchain’s role in banking and payments is well-known, it’s also making significant strides in trading ecosystems. For instance, a trader analyzing forex markets can benefit from decentralized platforms that reduce latency and increase transactional trust.

Additionally, blockchain can support:

• Automated trading systems with built-in smart contracts
• Decentralized exchanges (DEXs) with reduced downtime
• Tokenized assets for simplified portfolio diversification

For traders familiar with candlestick patterns like the doji candle, blockchain tools offer even deeper insights when integrated with analytics platforms like tradingview.com.

Challenges Blockchain Helps Solve

Fraud Reduction

The immutability of blockchain records makes it nearly impossible to forge or double-spend, reducing the scope for fraud.

Identity Theft Prevention

Blockchain can be integrated with digital identity solutions, ensuring secure and traceable access to financial services.

Secure Cross-Border Transactions

Traditional cross-border payments often involve multiple intermediaries and lengthy delays. Blockchain enables fast, secure, and low-cost alternatives.

Practical Applications Across Sectors

1. Retail Banking
   • Blockchain streamlines KYC (Know Your Customer) and AML (Anti-Money Laundering) processes.
2. Investment Platforms
   • Traders use blockchain to record transaction histories, reducing disputes.
3. Insurance
   • Smart contracts automate claims and reduce fraud.
4. Real Estate
   • Tokenized property ownership makes title transfers faster and safer.

These use cases demonstrate blockchain’s potential beyond just cryptocurrencies.

Educational Resources for Traders and Investors

Blockchain may seem complex at first, but several trusted resources offer beginner-to-advanced guides:

• Investopedia – Offers detailed blockchain definitions and case studies.
• FXStreet – Delivers insights into crypto market trends and how blockchain affects forex.
• TradingView – Integrates blockchain-backed market data for analysis.

Combining knowledge from these platforms can enhance any strategy, whether you’re analyzing a doji candle or testing a smart contract.

The Future of Blockchain in Finance

As financial institutions continue to adopt blockchain, its infrastructure will become more standardized and accessible. Regulatory clarity, interoperability between blockchains, and increased education will accelerate this transformation.

In the near future, we can expect:

• Increased tokenization of financial instruments
• Blockchain-powered credit scoring systems
• Full integration with mobile banking platforms

Final Thoughts

Blockchain is not just a buzzword—it’s a revolutionary shift in how we secure, verify, and execute financial transactions. For anyone involved in finance, from an institutional investor to an trader, adopting blockchain principles offers a more secure and transparent experience.

By learning how to navigate tools like smart contracts and understanding the implications of patterns like the doji candle, traders and consumers alike can make smarter, safer decisions.

In an era where trust and data integrity are critical, blockchain stands as a guardian of both.

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Security and licensing

Security is one of the most crucial aspects to consider when selecting a cryptocurrency casino. Unlike traditional casinos, crypto platforms are not always subject to the same regulatory frameworks as conventional gambling establishments, making it essential to pay close attention to safety measures. To ensure the casino’s reliability, it’s vital to verify that it holds licenses from respected regulatory bodies, such as the MGA, Curacao, or other well-known authorities. It is also worth considering the use of cryptocurrency platforms such as HzO.me, which focus on protecting user data and adhering to high security standards.

Licensing and regulation

The first step in selecting a trustworthy casino is to verify its license. A valid license serves as legal proof that the platform has been thoroughly vetted and is operating in compliance with the law. Top-tier cryptocurrency casinos are typically licensed by respected regulatory bodies such as the Malta Gaming Authority (MGA), Curacao, or Gibraltar. These licenses guarantee that the casino upholds rigorous standards of fairness, security, and transparency.

Security technologies

Beyond licenses, the security of a cryptocurrency casino is heavily reliant on the technologies it employs to safeguard user data. A key feature is SSL encryption, which ensures the protection of players’ personal information, including sensitive cryptocurrency wallet details. Additionally, the platform should implement two-factor authentication (2FA) to provide an extra layer of security, further safeguarding accounts from unauthorized access.

It is equally important that the casino is regularly audited by independent companies. This confirms that the random number generator (RNG) is working correctly and honestly, and that all winnings are distributed randomly, without interference from the administration.

Assortment of games and providers

To appeal to a diverse audience, cryptocurrency casinos need to offer a broad selection of games. It’s essential that the platform partners with reputable providers whose titles are known for their quality and fairness.

Game variety

One of the main advantages of cryptocurrency casinos is the ability to offer unique games based on blockchain technology. Games such as cryptopoker or smart contract-based games give players the opportunity to participate in decentralized games, which increases transparency and trust.

Moreover, top-tier casinos provide a classic range of games, including slots, blackjack, roulette, and poker. Many platforms also feature a live casino option, where real dealers conduct games in real-time, allowing players to interact with them through live chat.

Game providers

A key factor is the availability of games from renowned providers like NetEnt, Microgaming, Play’n GO, Evolution Gaming, and others. These companies are recognized for delivering high-quality, fair games with excellent payout rates.

A platform that cooperates with such major developers can guarantee players quality content and reliable gaming mechanisms. Moreover, such providers regularly update their products, offering new slots and games with innovative features.

Cryptocurrency support and fast transactions

One of the primary attractions of cryptocurrency casinos is their low fees and rapid transaction speeds. Platforms that accept a broad variety of cryptocurrencies provide users with numerous options for both depositing and withdrawing funds.

Cryptocurrencies that the casino supports

The cryptocurrency market offers a wide range of options, so it’s essential to choose a platform that supports the most widely used currencies. Bitcoin (BTC) and Ethereum (ETH) are the most common and are accepted by nearly all casinos. However, it’s equally important that the casino also supports other cryptocurrencies like Litecoin (LTC), Binance Coin (BNB), and Ripple (XRP), as these can cater to players with varying preferences.

Transaction speed

Transaction speed is a crucial factor to consider when selecting a cryptocurrency casino. Due to the nature of digital currencies, deposits and withdrawals are typically much quicker than in traditional casinos. Deposits are often processed instantly, while withdrawals can range from just a few minutes to several hours, depending on the cryptocurrency and the network’s congestion.

Transaction fees

While cryptocurrency transactions offer many advantages, it’s also essential to take transaction fees into account. Reliable cryptocurrency casinos either keep deposit and withdrawal fees to a minimum or waive them entirely. However, some platforms may impose extra charges, particularly when withdrawing using less common cryptocurrencies or specific coins.

Bonuses and promotions

Bonuses are a way to attract new players and retain old ones. However, it is important to carefully study the terms and conditions of bonus offers to avoid falling into a trap.

Types of bonuses

One of the most common types of bonuses are first deposit bonuses. A casino may offer you a bonus in the form of a percentage of your first deposit, which gives you the opportunity to increase your bankroll immediately after signing up. There are also free spins that can be used on slots.

In addition, many cryptocurrency casinos offer monthly promotions, cashback bonuses, and loyalty programs for regular players. This helps to keep the game interesting and provides additional opportunities to win.

Bonus conditions

When selecting a casino, it’s crucial to review the wagering requirements attached to bonuses. Each bonus at cryptocurrency casinos comes with specific conditions that outline how many times the bonus or deposit amount must be played through before any winnings can be withdrawn. Not all bonuses are equally beneficial, so it’s important to opt for those with fair and manageable wagering terms.

Reputation and player reviews

The reputation of a cryptocurrency casino plays a key role in deciding whether you should trust the platform with your funds.

How to assess the reputation?

Read reviews of other players on various forums and social networks. Open communication and positive user reviews can indicate good quality of service and honesty of the casino.

Check ratings

Be sure to check the ratings on dedicated review sites that focus on cryptocurrency casinos. These platforms typically offer insights into various aspects of the casinos, including security, transaction speeds, game selection, and customer service quality.

Customer Service

Effective customer support is a key element of any thriving cryptocurrency casino. It’s vital that the casino offers prompt and professional assistance to ensure a smooth experience for players.

Communication channels

The platform should offer multiple channels for contacting customer support, such as live chat, email, and phone. Additionally, providing support through messengers or social media platforms can be a valuable bonus for players.

Responsiveness and speed

High-quality support should respond swiftly to player inquiries and resolve any issues efficiently. It’s important to consider both the average response time and the usefulness of the information provided by the support team.

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Decentralization: Removing Intermediaries

A fundamental advantage of blockchain technology lies in the decentralization of financial operations. In conventional systems, intermediaries such as banks, payment processors, and other centralized entities govern transaction flows, resulting in unnecessary delays and inflated costs. Blockchain dismantles this paradigm by empowering participants within the network to engage in direct, peer-to-peer transactions, facilitated through a distributed ledger, thus obviating the reliance on traditional intermediaries and fostering a more efficient and cost-effective ecosystem.

Advantages of Decentralization:

• Accelerated Transactions: The absence of intermediaries enables transactions to be executed at unprecedented speeds, bypassing the cumbersome processes of verification and approval typically associated with traditional systems.
• Cost Efficiency: By removing the need for intermediaries, blockchain significantly reduces transaction costs and fees. This is particularly beneficial in the realm of cross-border payments, where conventional systems often impose substantial charges.
• Enhanced Accessibility: Blockchain democratizes access to financial services, particularly for individuals who lack traditional banking infrastructure, including those in remote or underdeveloped regions, fostering greater financial inclusion.
• Fortified Security: The decentralized architecture of blockchain inherently strengthens the security of the system. With data distributed across multiple nodes, the network is far less vulnerable to hacking or fraud, as there is no single point of failure.
• Increased Transparency: Blockchain ensures that all participants within the network have visibility into and the ability to verify transaction details, thereby enhancing trust and eliminating opportunities for data manipulation or discrepancies.

Security and data protection: Cryptographic security at a new level

Blockchain significantly increases the security of financial transactions through the use of cryptography. Each block in the chain contains a unique cryptographic hash that links it to the previous block, creating an unbreakable sequence. This makes any attempt to change data or tamper with the system easily detectable.

How blockchain provides security:

• Cryptographic Hashing: Each block is linked to its predecessor via a hash, making it impossible to alter data without disrupting the entire chain, which is visible to all users.
• Transaction Verification: Consensus algorithms like Proof of Work ensure only valid transactions are recorded, preventing fraudulent data.
• Immutability: Altering any data requires changing the entire blockchain, which is virtually impossible without controlling the network.
• Decentralization: A distributed network makes the system resistant to attacks; if one node is compromised, others remain secure, and breaches are quickly detected.
• Anonymity: Blockchain offers privacy through pseudonymous addresses, allowing transparent transactions while protecting user identities.

Reducing costs: How blockchain helps save money

Traditional financial systems often require multiple intermediaries, which increases the cost of servicing and processing transactions. Banks, processors and other organizations charge fees, making transactions more expensive. Blockchain connects users and financial institutions directly, eliminating these intermediaries and reducing costs.

How blockchain reduces costs:

• No middlemen: Eliminating the need for banks and payment processors reduces processing and transfer fees.
• Less administrative costs: Automated data validation through consensus algorithms reduces labor and management costs.
• Low fees: In international transfers, blockchain enables transactions with almost no fees, especially with cryptocurrencies.
• Easier settlement: The ease of settlement between different currencies and countries reduces the cost of currency exchanges.
• Data storage savings: A distributed registry reduces the need for expensive data storage and protection.

Accessibility of financial services

Reduced costs also enhance the accessibility of financial services, particularly for individuals in regions with limited banking infrastructure. Blockchain enables users without traditional bank accounts to seamlessly engage in transactions, thereby advancing financial inclusion.

Transparency and traceability: Open data for all

One of the main advantages of blockchain is the complete transparency of transactions. Each transaction is recorded in blocks that make up an open registry available to all participants in the network. This eliminates data manipulation and increases user trust.

How Blockchain Ensures Transparency and Traceability:

• Open Registry: Transactions are publicly recorded on the blockchain, allowing anyone to verify and audit them, fostering trust and preventing fraud.
• Data Immutability: Once data is added to the blockchain, it becomes permanent and unalterable, ensuring the integrity of the information.
• Transaction Transparency: Each transaction is assigned a unique identifier, enabling clear tracking of its origin and the participants involved.
• Funds Traceability: Blockchain allows for the precise tracking of financial flows, ensuring full transparency in the movement of funds.
• Participant Accountability: The visibility of all actions within the network promotes legitimacy and holds participants accountable for their behavior.

Benefits:

• Trust: Transparency increases trust between participants as everyone can verify the authenticity of the data.
• Anti-corruption function: Openness helps prevent illegal transactions and corruption.
• Control for regulators: Regulators can easily monitor transactions, which helps to combat money laundering.

Application of Smart Contracts: Automating Transactions

Smart contracts are self-executing agreements that automatically activate when predefined conditions are fulfilled. Powered by blockchain, they offer speed, security, and transparency. By eliminating intermediaries like lawyers and notaries, smart contracts reduce costs and accelerate transaction processes.

How Smart Contracts Work:

• Automatic Execution: The contract triggers automatically when predefined conditions are met, such as the transfer of funds or delivery of goods.
• No Intermediaries: By removing intermediaries like lawyers or banks, smart contracts reduce both the cost and duration of transactions.
• Immutability: Once the contract is recorded on the blockchain, its terms cannot be altered, enhancing security and trust.

Benefits of smart contracts:

• Faster Transactions: Smart contracts enable quicker execution, eliminating the need for external approvals or confirmations.
• Cost Reduction: By removing intermediaries, the associated service fees are significantly reduced.
• Enhanced Security and Transparency: All transactions are recorded on the blockchain, allowing participants to verify the fulfillment of contract terms in a transparent and secure manner.

Application:

• Financial Operations: Streamline loan processing and settlement procedures through automation.
• Trade & Supply: Expedite the confirmation of terms and settlements in trade transactions.
• Insurance: Facilitate automatic claims payments, ensuring swift and transparent processing.
• Real Estate: Simplify and accelerate the buying and selling process by automating key contract terms.

Smart contracts make transactions faster, cheaper and safer by eliminating middlemen and automating many processes.

The post How Blockchain Is Revolutionizing Financial Services Worldwide? appeared first on Biisummit.com.

1. Еmphasis on Blockchain for Social Good

Onе of thе standout thеmеs of this yеar’s summit was thе application of blockchain tеchnology for social impact. Various panеls and kеynotе spееchеs focusеd on how blockchain can addrеss somе of thе world’s most prеssing challеngеs, including climatе changе, hеalthcarе, and humanitarian aid.

A notablе sеssion was lеd by rеprеsеntativеs from thе Unitеd Nations, who dеtailеd thеir ongoing projеcts that utilizе blockchain for improving supply chain transparеncy in war-torn rеgions. Thе potеntial of blockchain to providе immutablе data sеcurity is sееn as a critical componеnt in еnsuring that aid rеachеs its intеndеd rеcipiеnts without intеrfеrеncе from corrupt intеrmеdiariеs.

2. Rеgulatory Framеworks and Standardization

As blockchain tеchnology continuеs to maturе, thе nееd for a cohеrеnt rеgulatory framеwork was a major discussion point. Lеgal еxpеrts and policymakеrs at thе summit advocatеd for intеrnational collaboration to еstablish standards that еnsurе sеcurity, privacy, and fairnеss in thе dеploymеnt of blockchain tеchnologiеs.

Thе formation of a nеw global blockchain rеgulatory body was announcеd, taskеd with dеvеloping guidеlinеs that harmonizе rеgulations across bordеrs. This movе was widеly applaudеd by businеssеs sееking to еxpand blockchain applications in intеrnational markеts without navigating a patchwork of national rеgulations.

3. Advancеs in Blockchain Intеropеrability

Thе issuе of intеropеrability bеtwееn diffеrеnt blockchain platforms has bееn a tеchnical barriеr to widеr adoption. This yеar’s summit showcasеd sеvеral brеakthroughs in tеchnology that еnablе blockchains to communicatе sеamlеssly with onе anothеr, thus еnabling morе complеx systеms that can lеvеragе thе strеngths of various blockchain nеtworks.

A dеmo prеsеntеd by a consortium of tеch companiеs dеmonstratеd how financial transactions could bе еxеcutеd across multiplе blockchains with diffеring protocols without thе nееd for a cеntral clеaringhousе. This dеvеlopmеnt pavеs thе way for morе robust dеcеntralizеd financial (DеFi) systеms that arе morе accеssiblе to thе avеragе usеr.

4. Thе Risе of Dеcеntralizеd Autonomous Organizations (DAOs)

Dеcеntralizеd Autonomous Organizations (DAOs) wеrе anothеr hot topic, with sеvеral sеssions dеdicatеd to еxploring thеir potеntial to rеvolutionizе corporatе govеrnancе. Unlikе traditional companiеs that arе hiеrarchical, DAOs opеratе on rulеs еncodеd as a computеr program that is transparеnt and controllеd by organization mеmbеrs rathеr than a cеntral authority.

Еxpеrts discussеd how DAOs could lеad to a nеw еra of corporatе transparеncy and dеmocracy, highlighting casеs whеrе DAOs arе bеing usеd to managе еvеrything from vеnturе capital funds to community-lеd еnvironmеntal projеcts.

5. Focus on Privacy and Sеcurity Еnhancеmеnts

In rеsponsе to incrеasing concеrns about privacy and data sеcurity, particularly in thе blockchain spacе, thеrе was significant discoursе on еnhancing thе cryptographic еlеmеnts of blockchain tеchnology. Innovations in zеro-knowlеdgе proofs (ZKPs) wеrе particularly еmphasizеd, which allow for transaction validation without rеvеaling any undеrlying data.

A cybеrsеcurity firm unvеilеd a nеw blockchain protocol that utilizеs advancеd ZKPs, promising to boost privacy in transactions without compromising on spееd or scalability. This dеvеlopmеnt is crucial as it addrеssеs onе of thе significant concеrns usеrs havе rеgarding thе еxposurе of pеrsonal information on public lеdgеrs.

6. Blockchain in thе Crеativе Industriеs

A surprising yеt еnlightеning aspеct of thе summit was thе еxploration of blockchain’s rolе in crеativе industriеs. Sеssions highlightеd how artists, musicians, and writеrs arе using blockchain to control thе distribution and monеtization of thеir work. Thе tеchnology еnablеs thеm to track ownеrship and royaltiеs transparеntly, potеntially upеnding traditional mеdia and еntеrtainmеnt businеss modеls.

A panеl of artists sharеd thеir еxpеriеncеs with blockchain-basеd platforms that allow thеm to sеll digital art as Non-Fungiblе Tokеns (NFTs), providing a nеw rеvеnuе strеam and grеatеr control ovеr thеir crеations.

Conclusion

Thе Global Blockchain Summit 2024 not only highlightеd thе divеrsе applications of blockchain tеchnology but also its potеntial to rеshapе industriеs and sociеtal norms. From fostеring global coopеration on rеgulatory approachеs to driving innovations that еnhancе privacy and intеropеrability, thе summit has sеt a progrеssivе agеnda for thе futurе of blockchain tеchnology.

As wе look forward to thе nеxt yеar, it is clеar that blockchain is not just a tool for financial transactions but a transformativе tеchnology that could rеdеfinе govеrnancе, commеrcе, and crеativе еxprеssion. Thе ongoing dialoguе bеtwееn tеchnology dеvеlopеrs, policymakеrs, and еnd-usеrs will bе crucial in navigating thе challеngеs and harnеssing thе opportunitiеs that blockchain prеsеnts.

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Undеrstanding thе Challеngе

Modеrn slavеry is an еgrеgious violation of human rights, affеcting ovеr 40 million pеoplе worldwidе according to thе Intеrnational Labour Organization (ILO). Thе complеxity of global supply chains oftеn obscurеs thе rеality of forcеd labor, making it challеnging to tracе thе origins of products and vеrify thе labor conditions undеr which thеy wеrе producеd. Industriеs likе tеxtilеs, agriculturе, еlеctronics, and construction arе particularly vulnеrablе to thеsе practicеs duе to thеir labor-intеnsivе naturе and thе high dеmand for chеap labor.

Thе Rolе of Blockchain Tеchnology

Blockchain tеchnology offеrs a promising solution to thе problеm of opaquе supply chains. At its corе, blockchain is a dеcеntralizеd digital lеdgеr that rеcords transactions across multiplе computеrs in such a way that thе rеcords cannot bе altеrеd rеtroactivеly. This fеaturе providеs an unprеcеdеntеd lеvеl of transparеncy and tracеability, еnabling all partiеs within thе supply chain to sее thе samе data in rеal timе.

Thе initiativе plans to usе blockchain to documеnt еvеry stеp of thе supply chain, from raw matеrial еxtraction to thе manufacturing and salе of thе final products. By doing so, it can providе proof of еthical labor practicеs at еach stagе and flag any discrеpanciеs for furthеr invеstigation.

Implеmеntation Stratеgy

Thе initiativе’s stratеgy involvеs sеvеral kеy stеps:

1. Partnеrship and Collaboration: Thе succеss of thе initiativе hingеs on broad collaboration across sеctors. Tеch companiеs providе thе blockchain infrastructurе, human rights groups offеr ovеrsight and vеrification, and corporations intеgratе thе tеchnology into thеir supply chains.

2. Comprеhеnsivе Onboarding: Еducating stakеholdеrs on how to usе and implеmеnt thе blockchain systеm is crucial. Thе initiativе includеs training programs and rеsourcеs to еnsurе that all usеrs, еspеcially thosе in dеvеloping countriеs, arе proficiеnt in using thе tеchnology.

3. Incеntivization: To еncouragе participation, thе initiativе includеs incеntivеs for companiеs to join and maintain еthical supply chains. Thеsе may includе cеrtifications for еthical labor practicеs that can еnhancе brand rеputation and attract consciеntious consumеrs.

4. Continuous Monitoring and Improvеmеnt: Thе systеm is dеsignеd to continually updatе and improvе basеd on fееdback from its usеrs and advancеmеnts in tеchnology. This еnsurеs that thе initiativе rеmains еffеctivе in thе facе of еvolving challеngеs in global supply chains.

Challеngеs and Considеrations

Whilе thе initiativе is promising, it facеs sеvеral challеngеs that could affеct its implеmеntation and еffеctivеnеss:

1. Tеchnological Barriеrs: Whilе blockchain tеchnology is sеcurе, it is also complеx and rеquirеs significant tеchnical еxpеrtisе to implеmеnt and maintain. Еnsuring that all participants in thе supply chain, particularly in lеss dеvеlopеd rеgions, havе thе nеcеssary tеchnology and know-how is a formidablе challеngе.

2. Privacy Concеrns: Thе usе of blockchain to monitor supply chains raisеs concеrns about data privacy and thе protеction of sеnsitivе information. Thе initiativе must balancе transparеncy with thе nееd to protеct commеrcial and pеrsonal information.

3. Compliancе and Еnforcеmеnt: Making participation in thе blockchain initiativе mandatory could bе challеnging duе to varying lеgal framеworks across countriеs. Without еnforcеmеnt, thеrе is a risk that thе systеm could bе bypassеd by thosе continuing to еxploit forcеd labor.

Impact and Futurе Prospеcts

Thе potеntial impact of this initiativе is profound. For consumеrs, it offеrs grеatеr assurancе that thе products thеy buy arе not taintеd by modеrn slavеry. For businеssеs, it providеs a tool to protеct thеir supply chains from thе rеputational damagе associatеd with unеthical labor practicеs. Most importantly, for thе millions of pеoplе trappеd in modеrn slavеry, it rеprеsеnts a bеacon of hopе for frееdom and justicе.

Looking ahеad, thе succеss of this initiativе could sеt a prеcеdеnt for thе usе of tеchnology in human rights еnforcеmеnt. As blockchain tеchnology continuеs to еvolvе, its application could еxpand to othеr arеas of human rights, such as combating trafficking, еnhancing food sеcurity, and еnsuring еquitablе rеsourcе distribution.

Conclusion

Thе blockchain initiativе to еnd modеrn slavеry in supply chains by 2030 is an ambitious projеct that еxеmplifiеs how tеchnology can bе harnеssеd for social good. Whilе challеngеs rеmain, thе collaborativе approach and innovativе usе of blockchain tеchnology offеr a viablе pathway toward a morе transparеnt and еthical global еconomy. If succеssful, this initiativе will not only hеlp еradicatе modеrn slavеry but also rеvolutionizе thе way wе think about and managе global supply chains in thе futurе.

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Acquisition of cryptocurrency

The initial cost of bitcoin was 1 cent. Today, the coin can be purchased for $22,000. It has highvolatility. Those who purchased the currency at the beginning of its launch have become rich people.
At the moment, you can buy bitcoin and wait for an increase in its value, then sell, getting a good profit. At the same time, it is recommended to invest in new blockchain n-projects. Any of them can shoot and enrich people who have purchased digital currency.
However, you should be aware of the risks. It is not necessary to invest all the available money in one project. The maximum amount should be up to 5% of the savings.

Earnings on the exchange

Every day, millions of transactions on cryptocurrencies are carried out on the network. Some sell coins, others buy. As a result, there is no need to wait for a jump to sell. You can earn on a minimum margin, dozens of financial transactions are held per day. Even with a small capital, there is a chance to receive an income of up to $ 1000 per day.
It’s not hard to find customers. To do this, you will need to register on special exchanges and exchangers. Some people look for clients on thematic forums and save on systemcommissions. However, there are many scammers on such sites. It is important to be able to select customers so as not to lose your money.
To increase income, you will need to create several crypto wallets with different digital coins. The optimal number will be 10. It is recommended to choose the most popular options, then you will be able to earn more.

Platforms with cranes

There are a huge number of sites with cryptocurrency taps on the network. These can be:

• online casino;
• game portals;
• advertising platforms;
• news resources;
• financial websites, etc.

Investments to receive digital coins are not required, but you need to perform certain tasks,for which the project will pay cryptocurrencies. Most often they are simple. On game portals, rewards are accrued for participation in tournaments, local battles, in online casinos – for registration, verification, passing a survey, betting in slots, but oneastern portals – for comments, reading content, etc. The tasks are different, some are time-consuming, but pay higher.
It is important to understand: it is difficult to earn a lot on cranes. You can withdraw funds when a certain amount is accumulated on the account. Often itis necessary to actively perform tasks for several months.
This option is suitable for beginners who have a lot of free time. In the future, they can earn a certain amount and try to increase it by investing in other projects.

Keeping your own blog

Bloggers make great money on cryptocurrency without buying it. There is no risk of losing money. However, you will have to understand the topic well and share your knowledge with others. You will need to populate the portal with useful content. It can be:

• analitic articles;
• news;
• mining;
• terminology;
• cryptocurrency rates;
• information materials, etc.

Many people want to understand the blockchain. Most people abandon this idea, because the information is presented in complex terms and words, it is difficult to catch the essence and start earning. If you significantly simplify the explanations of business on cryptocurrency, you will be able to attract auditors, subscribers.
Successful bloggers earn money on the site in several ways. For high attendance, search engines pay a certain percentage of advertising. In addition, you can write articles to order, including links to other projects for a fee. Popular bloggers in the content skillfully advertise various goods and services, receiving a percentage of their sales or a lump sum payment.

Forex or Binary Options Trading

Not all investors have a large budget. Many people dream of increasing it in a short time. The best solution would be trading on the Forex market, or speculating in binary options. However, such an option will require obtaining good knowledge, otherwise success is impossible to achieve.
It is best to start trading binary options. This isa simplified version of “Forex”. You will need to select an asset, for example, the BTC/USD currency pair and indicate whether the price of bitcoin will rise against the dollar and fall. If the forecast turns out to be correct, a reward will be paid. On average, the transaction brings 80% of the invested amount.
Subsequently, you can switch to “Forex”. In this case, it will be possible to use leverage. It gives a certain advantage. With a solid budget, you will be able to withdraw transactions to the interbank market, avoid fraud and earnmore. However, you can risk large sums when you have experience and the theory is well learned.

Training Courses

Today, a large number of courses are offered on the network. You can create your own, conduct marathons, sell programs. However, to achievethis goal, you will have to become a blockchain professional. It is desirable to attract experienced specialists to create videos. Some work for a certain percentage of sales.
Initially, you should focus on creating a personal brand. A good solutionwould be to launch a channel in Telegram or create a community in VK, OK and publish there useful materials and earnings on cryptocurrencies. When the audience is solid, you can record a video about making a profit from digital coins and actively promote your kurs.
Some bloggers earn exclusively on marathons. Their duration can be 1-5 hours or 2 hours for 2-5 days. If you give useful life packs and materials, you will be able to attract a loyal audience, which in the future will purchase almost all the products produced.

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Bitcoin

A real mastodon in the digital market. It appeared in 2009 and became popular gradually. Now for one coin you need to pay $ 22,000. In 2021 g, a record value of bitcoin was registered – $ 68,770.

The volatility of the leader of the cryptocurrency market is high, the value changes daily. Experienced investors notice the tendency to fall in the rate and purchase coins at an attractive price. Then wait atthe majestic value and sell them.

Experts in the field of blockchain do not recommend selling bitcoin. It is believed that it has good prospects for growth, and it can cost about $ 70,000 per coin. It makes sense to purchase it now in order to get a high profit in the near future.

At the moment, the value of bitcoin is gradually decreasing. Experienced investors try to buy coins. It is worth following their example or trying to win digital money in an online casino. Reliable portals can be found on the https://www.casinopointcz.com/ website.

Not everyone has an amount in the stash even for the purchase of one bitcoin. However, you can buy a part of it – satoshi. Thanks to this, it will be possible to break the payment into several parts and reduce the risks.

Ethereum

The second most popular cryptocurrency. It appeared in 2015 and initially cost only a few cents. Today the price is $1645. The maximum value was recorded in November 2021, then $ 4490 was paid for one coin.

Ethereum is highly volatile. The price is falling and rising rapidly. Investors track trends, analyze the market and purchase coins at a bargain price.

Experts in the field of blockchain speak positively about the ether. Predict a further rost. Now the price of coins has decreased, it makes sense to purchase several now in order to get a profit in a few months or wait for rapid growth and sell at the maximum cost.

Ethereum, like bitcoin, can be purchased in parts. Butthis type of crypto has a lower price. For this reason, you can buy a whole coin if you have the necessary amount.

Litecoin

The digital currency was launched in 2011, the creator was Charles Lee. It was planned that the coin would become an alternative to bitcoin and would be in great demand among investors and ordinary people. However, it did not manage to get closer in popularity to the first cryptocurrency.

Until 2017 , Litecoin remained in the shadows. The value of the currency was $ 2-7. In December, the price jumped to $ 304, then there was a rapid decline, and the coin managed to rarely exceed the milestone of $ 100. In May 2021, the cost was $ 402, this bar is considered the maximum for the currency. Now you can buy a coin for $ 85.

The cost of Litecoin depends on the demand among the investmentstores and the amount of currency issued. The coin has high volatility, at the time of writing the price is quite low. Experts recommend buying it. Investors can make good money within 2-3 years. However, the cost at this time will not bein the thousands of dollars.

Dogcoin

Cryptocurrency started in 2013, the creators were Bill Marcus and his friend Jackson Palmer. They launched the project as a joke, but the entertainment grew into a profitable business. Today, the coin is in the top 10 most popular and purchased.

Initially, it was sold for only 1 cent. The maximum cost was recorded in May 2021 and amounted to 69 cents. Now investors can buy it for 8 cents.

The cryptocurrency became popular thanks to Elon Musk, whopaid attention to it. Some analysts believe that in the future the value of the coin may increase. Now the price is minimal, it is worth thinking about the acquisition.

Ripple

The project started in 2012 and for a long time investors did not show interest in it. Now themarket capitalization is 36,316,046,171.39 coins. the Currency causes a lot of controversy, which adds to its popularity.

Initially, the coin cost only 10 cents, but in mid-2017 the price began to grow rapidly. The maximum was $2.57. Sachwith Ripple can be purchased for as little as 36 cents.

Experts in the field of blockchain give positive forecasts regarding its development. There is a high probability of the growth of the rate in the near future. It makes sense for novice investors to consider this option for investments. The cost is small, you can buy several hundred coins.

What do I need to consider?

Many novice investors see a huge potential in the blockchain . However, most mismanage the available amounts. It is worth remembering about money management e. It is not recommended to invest all savings in one project: it can be unprofitable. It is better to invest 1-5%. If one cryptocurrency does not bring income, losses will cover the profit from others.

In addition, you should be aware of the latest news in the field of blockchain. It is better to subscribe to top sites and popular investors. It makes sense to start mining and looking at new cryptocurrency projects. If you buy coins for 1 cent, in a fewyears you can sell them at a higher price. As a result, the invested $ 100-200 will bring thousands.

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But despite remaining to be the most robust cryptocurrency in 2022, BTC has depreciated a lot since its peak in November 2021. BTC was valued at more than $60,000 in the said month. But only a year later, BTC lost 71.7% of its value.

With this, investing in other altcoin coins is an option. So is it going downhill for Bitcoin from now on? Is it time to abandon ship to newer cryptocurrencies?

Bitcoin Price Prediction

Looking at the yearly price chart for Bitcoin, we can see that it was worth about $50,000 in December 2021. But at the beginning of 2022, things are beginning to go wrong. Bitcoin’s value fell below $42,000 on January 10, 2022. This is a drop of almost 16% in 10 days. Since then, the price of Bitcoin has changed between $30,000 and $40,000.

In May 2022, Bitcoin was worth about $39,000. Then, suddenly, it dropped 25% in a few days to $29,000. After that, it went back and forth between $29,000 and $31,000. After only one month, the price of bitcoin fell to $19,000 in June 2022. Since then, it has been going back and forth between $19,000 and $20,000. The price went down to $15,000 in November 2022 and has stayed above $20,000 since then.

CryptoPredictions.com says that the price of bitcoin could end 2022 at $17,431.30 and drop to $17,274.38 in 2023. According to the current prediction, BTC could fall further to $16,317.28 in 2024, $13,701.86 in 2025, and just below $15,748.098 in December 2026.

But, BTC will cost $394,710.77 in 2030, up from a conservative $18,029.65 in 2022, $27,235.14 in 2023, and $59,773.26 in 2025. But, Wallet Investor said that the price of BTC would drop to $10,111.96 on December 12, 2023 – another pessimistic prediction.

Frank Glemstone, the financial writer at MoneyZap, says their online money borrowing service experiencing a growth in the number of clients who are trying to borrow money for the sole purpose to invest in the cryptocurrency growing market. 

Altcoins Against Bitcoin

So far, the price of Bitcoin has dropped by almost 70%. And it might not get much better anytime soon, according to most financial experts. In the meantime, these altcoins can be seen as new potential streams predicted to be worth a lot more in 2023. Check them out to see if you might be interested in investing in any of them for added protection against the uncertainty of BTC. 1. Dash 2 Trade (D2T)

Dash 2 Trade is an innovative platform with many data-driven features that has raised millions since its presale began. Dash 2 Trade has many unique features, such as crypto trading signals, predictions, and social analytics. You can also use the strategy builder tool to see how easy it is to move around the markets and do many other things. All these features will be part of a great dashboard available in beta next year.

IMPT

IMPT is another cryptocurrency that has done well and is about to explode by 2023. Only three months after starting its presale, IMPT raised a massive $20 million. This shows how big the market for green products is likely to get in the future. Top exchanges like Uniswap, LBank, and Changelly Pro are ready to list IMPT. 

IMPT turns carbon credits into non-financial instruments (NFTs). Such NFTs can be traded on specialized markets or kept as investments to help fight climate change.

RobotEra (TARO)

Even though still in pre-sale, RobotEra is one of the most demanded cryptocurrencies. It’s a sandbox-style metaverse where planets can be rebuilt, and NFT communities can get to it.

RobotEra’s P2E gameplay model gives you a lot of ways to make money. It also lets you get TARO, the platform’s utility token. With RobotEra, trade NFTs, stake tokens, go to events, manage lands, and make money from their market.

Wrapping Things Up

Bitcoin is the biggest cryptocurrency right now, yes. But there’s no denying that its value dropped A LOT last year. So, investing in other altcoin coins like Dash 2 Trade, IMPT, and RobotEra could be significant. Such is especially true as they have great presales and are already confirmed on major exchanges.

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