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Crypto News

Bank For International Settlements (BIS) Criticizes Cryptocurrency Again

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot take over the functions of money,” BIS reported on July 4th.

Bank for International Settlements (BIS) general manager stated cryptocurrency “are not a good means of payment”

In statements to the Swiss daily Basler Zeitung last week, later published by the BIS, general manager Agustin Carstens warned the “young people” against “trying to make money,” referring mostly to the Bitcoin (BTC) mining industry.

Those who have the greatest incentive in the system of this so-called cryptocurrency are those who produce the assets – the miners. This incentive, however, is not compatible with maximizing the utility of money. he told the publication. Cryptocurrency does not serve any of the three purposes of money. They are not a good means of payment or a good unit of account, nor are they suitable as a deposit of value. They fail dramatically in each of these counts.

Agustin Carstens, general manager of BIS

This is not the first time BIS position itself against cryptos

The BIS caused outrage when it published an article on cryptocurrency in June, and the significant media widely reported its highly suspicious view of the phenomenon against the fiat currency. Along with identical concerns about its potential to function as “fiat money,” the article also feared that the massive adoption of cryptocurrency could “stop the Internet” and other controversial claims.

Continuing the story, Carstens, who in turn has on multiple occasions presented himself as against cryptocurrency, said that it would unequivocally not have a “happy ending.”

“You don’t have to beat around the bush like that. It should not be forgotten that central banks have been providing electronic means of payment for decades,” stated Agustin Carstens, general manager Bank for International Settlements (BIS).

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Crypto News

Sberbank CEO Said Governments Will Maintain Centralized Role Instead Of Accepting Cryptocurrency

The CEO of Russia’s largest state-owned bank, Sberbank, Herman Gref, said he still could not foresee that governments would “give up their centralised role” in creating fiat currency as part of their comments on cryptocurrency.

During the Astana Finance Day conference, Sberbank CEO said he doesn’t believe the governments will give up fiat money

Talking to journalists during the international Astana Finance Days conference in Kazakhstan’s capital on July 4th, Herman Gref Sberbank repeated the comments he has made many times about the future role of cryptocurrency in the economy.

“Do I see a perspective of the global use of cryptocurrency as an alternative to fiduciary money? I don’t see it, and I said it many times,” said Herman Gref. “I don’t think the state is willing to cede its centralized role in issuing fiat currency to other decentralized institutions,” he added.

New cryptocurrency regulations in Russia will classify cryptos as separate digital assets

Gref’s words broadly reflect the ongoing metamorphosis of the regulatory status of cryptocurrency within Russia. This week is the deadline for new cryptocurrency regulation to become laws that will consolidate cryptos as a separate digital assets class devoid of legal tender status.

However, Sberbank has begun to increase its interactions with the cryptocurrencies market in the run-up to the new cryptocurrency regulation era, revealing last month its plans to launch a cryptocurrency-based mutual fund previous month.

Sberbank CEO compared cryptocurrency investments with gambling in a statement last week

A week earlier, however, Herman Gref, Sberbank CEO, had gone into the bass, telling local news station Kommersant that he “wouldn’t recommend [buying cryptocurrency] to anyone who didn’t like to play in a casino,” comparing cryptocurrency investments with gambling.

This vision of the Russian Sberbank CEO regarding the cryptocurrency is another evidence that cryptos are not doing very well in Russia.

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Crypto News

Malta Becomes The First Country To Adopt Comprehensive Blockchain And Cryptocurrency Legislation

Malta passed the three bills that will regulate the entire blockchain and cryptocurrency space on the so-called Blockchain Island. The Prime Minister of the country, Joseph Muscat, confirmed in a press conference that the parliament unanimously reaffirmed its decision to approve the three projects, which reach legal status with the names of Digital Innovation Law, Law of Innovative Technology Arrangements, and Services and Law of Virtual Financial Assets.

Malta, officially the first country in the world to have a holistic legislative framework regulating blockchain and DLT technology. We will be the global hub for market leaders in this new sector. Now let’s move on to the implementation of Blockchain Island.

Joseph Muscat, PM of Malta

The Parliamentary Secretary for Digital Innovation and Finance of Malta, Silvio Schembri, then issued a tweet to disseminate the announcement, stating that with the legal status of these three projects, Malta becomes the first jurisdiction to provide full legal certainty in the blockchain and cryptocurrency ecosystems.

This is the final stage of legislation that will put Malta on the international map of blockchain and kryptonite regulation. There is political consensus on this roadmap and we anticipate that this area will become the pillar of our growth for the next 4-5 years.

Silvio Schembri

Malta adopted three projects that will comprehensively regulate blockchain and cryptocurrency

Malta’s Digital Innovation Act will allow for the establishment of the Malta Digital Innovation Authority (MDIA), which will operate autonomously and independently and will be responsible for all matters relating to technological innovation and its forms of use. In its initial phase, it will only regulate blockchain technology and smart contracts, but will also promote government policies, educate on technological fixes and encourage the advancement, design, and use of innovative technology.

On the other hand, the Law of Innovative Technology Arrangements and Services, which will be in charge of establishing the regulations required by the MDIA to operate with cryptocurrency, it will include registration of service providers, system administrators and auditors, as well as certification of technological arrangements.

Finally, the Virtual Financial Assets Act will establish the regulatory regime of the blockchain and cryptocurrencies market in order to ensure that the fundamental principles of financial regulation are complied with, that the investor is protected and that financial integrity is provided.

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News Tech

Chrome OS vs. Windows Laptops: Which One Should You Choose in Terms of UI

Most people have heard of Windows or Mac PC. And because they’re so popular, people decided to go with one of those. But, as we all know, times are changing. Nowadays there’s another choice to consider – the Chromebook. Chromebooks have developed in ubiquity in the course of recent years or so, as a great method to get a large number of the highlights you would expect in a PC, in a trivial and moderate-at-price box.

Obviously, due to the way that Chrome OS, which is the operating system that keeps running on Chromebooks, really are (we mean trivial), there are a couple of highlights that Chromebooks don’t give and that you will rather discover on Windows PCs. However, that won’t make any difference for anybody. On the off chance that you needn’t bother with those highlights, at that point it doesn’t generally make a difference if you don’t get them.

User interface

First of all, these are a diverse operating system, and thusly they offer a somewhat extraordinary UI. The vast majority of us are most likely at any rate acquainted with the UI of Windows PCs. The Windows 10 UI incorporates a principal desktop, where you can stock files and folders and shortcuts to apps (you know, as usual).

At the base of the screen, you’ll discover the Taskbar, where you can likewise have the shortcuts to applications. If you look to the right of the Taskbar, you’ll see the notifications and other settings. At the right of the Taskbar, you’ll find the search bar Start Menu, from where you’ll access all your apps and files browsers. All in all, it’s a truly smooth interface and most will think that its simple to maneuver the interface.

The Chrome OS UI is like Windows from multiple points of view, yet there are likewise a couple of key contrasts. When it comes to Chrome OS, despite everything, you’ll locate the main desktop, with a Taskbar, the place where you can store application shortcuts, settings are found in the bottom right and a menu with all your applications on the bottom left. The primary contrast in the interfaces is the Start Menu on Windows, which gives its users access to a scope of different documents and services, while on Chrome OS, tapping the button which can be found on bottom left essentially gives a rundown of applications.

I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

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Games News

Best 6 Tips on How to Build Your Clash of Clans Strategy

For those of you who don’t know, Clash of Clans is a game in which you need to build forts and them protect them from your enemies. If you want to have fun while playing this game and still find a successful way to finish it, you need to have some kind of strategy. Besides the strategy, having some tips for you it won’t be such a bad idea.

We’ve written this article to give you those tips that may always come in handy next time you’re playing the game. You’ll be able to defeat your enemies in no time and to create the fortress of fortune easily. It’s important to mention that the strategy can vary from one level to another, so be careful which one you’re using for what.

Be careful how you pick your target

Let’s say you’re at a higher level. This doesn’t mean that you have to target weak enemies. It’s actually not advisable, since you get fewer points and spend resources that will probably not add up to your level. If your only target is to get more resources, you need to go after enemies who have a handful of goblins, not after those who have a full army. If you choose to go for the full army, you’ll probably lose. It’s better to go safely if you’re not sure of the outcome of the battle.

Keep your gems

Gems are important, as it helps you gain more points. It’s better to save them until later, when you’ll probably want to build huts. During your missions, you also have to make sure you get as many gems as possible. Make the most out of your gems.

Record Clash of Clans

This game requires some experience in battles to help you advance in the game. You might want to record the levels you pass. To do this, you need to use the iOS Screen Recorder from Wondershare.

Get yourself a strong army

As a rule, you get an entire game before the war starts. While you have to wait, you will learn the battlefield, make sure everything’s okay with the army and upgrade the air defense. In case your walls are still at a low level, you might need to go for battlefields on land. Make sure you know the weaknesses and strengths of your enemies before going for an attack.

Make a target out of unprotected villages

It’s known that unprotected villages have no stars. When you make a target out of them, you get more points with the army of clans. Bare in mind that when you go to the battle with a strong enemy and you win, you might expose your weaker clans to harder battles.

However, if you decide to go after weaker enemies, it’s likely that your allies will not find it easier to battle with stronger enemies. In these cases, you’ll probably lose and you’ll low your rating. To get a better outcome, you need to involve your whole clan when it comes to missions.

Take care of yourself

You probably enjoy attacking your opponents, but how about keeping in mind at all times that they might enjoy attacking you, too. When your Town Hall is destroyed, you have 12 hours to make a plan for your next move. If your defensive sections are damaged, it’s probably not a wise move to just attack your enemies – you’ll lose the battle. What you should do is upgrade your towers, spend gems on making yourself stronger and build up your army.

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I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

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