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In May, the European Union officially signed a new regulation called Markets in Crypto Assets (MiCA) into law. This regulation will come into effect in a few weeks after it is published in the official journal of the European Union, which is expected to happen in June.
MiCA will provide licenses to cryptocurrency exchanges and wallet providers, allowing them to operate in all 27 EU countries. It will also require stablecoin issuers to hold sufficient reserves. These requirements will be implemented within 12 to 18 months after the regulation becomes active.
IOTA is actively collaborating with European lawmakers to comply with the MiCA rules. Additionally, they are expanding their presence in other regions like the UAE to promote Internet of Things (IoT) and decentralized finance (DeFi) activities.
Europe is leading the way with this new technology. With the MiCA regulation, Europe is establishing a global standard for regulating cryptocurrencies. It will create a fair playing field for crypto service providers throughout Europe and promote trust in the industry.
Ripple continues to push for expansion on a global scale despite facing a multi-year legal tussle with the U.S. SEC. The regulatory uncertainty in the U.S. has catalyzed Ripple’s penchant for global expansion, as the technology company seeks to penetrate deeper into Europe on the back of the MiCA regulation.
Sendi Young, Ripple’s Managing Director (MD) for the U.K. and Europe, highlighted these expansion initiatives in a recent interview at the Money20/20 event in Europe this month. Antony Welfare, CBDC Advisor at Ripple, called attention to the interview in a tweet today.
Great interview with @sendiyoung on @Ripple's future prospects here in Europe and #CBDC: “It's really a number of different currencies and CBDCs. They're all going to be coexisting and that kind of ability to interoperate, to go in and out is going to be very important.”
Welfare pointed out Young’s remarks pertaining to Ripple’s extended efforts towards digital currency and CBDC developments. According to Young, Ripple has continued to expand its offerings to accommodate digital assets and Central Bank Digital Currencies (CBDCs).
Ripple rolled out its CBDC platform for central banks and other financial institutions to develop their own digital currencies on May 18.
Besides the CBDC initiatives, Young also emphasized the importance of the Markets in Crypto Assets (MiCA) regulation in creating a fertile ground for Ripple’s expansion into Europe. Recall that all 27 European Union finance ministers unanimously voted to pass the MiCA regulation last month. The European Parliament president signed the bill into law on May 31.
Speaking on the MiCA regulation and the impact of clear legislation in Europe, Young noted: “I think that’s where we’ve seen much bigger mainstream take up and the real benefits of crypto’s utility being realized. Without clear regulation, that is impossible. I see that as the first step in getting more mainstream adoption.”
Ouali Benmeziane, founder of WebCongress Inc., has become the first human in history to embrace the cutting-edge combination of artificial intelligence (A.I.) and Radio-Frequency Identification (RFID) technology, with an innovative implant in his hand. This groundbreaking achievement marks a significant milestone in the ever-evolving relationship between humans and technology.
When asked about his pioneering journey, Ouali Benmeziane expressed his excitement for the possibilities that lie ahead. "This is just the beginning of a new era where humans and technology coexist symbiotically," he said. "I believe this integration of A.I. and smart devices will shape a future where humans can achieve unprecedented feats and effortlessly navigate the digital landscape."
The integration of A.I. and RFID technology holds tremendous potential for revolutionizing the way we interact with the world around us. Ouali Benmeziane, a visionary and technology enthusiast, has fearlessly taken the leap into this uncharted territory, embracing the fusion of man and machine.
By incorporating an A.I. chip and RFID device into his hand, Benmeziane has unlocked a new realm of possibilities. The A.I. chip, powered by state-of-the-art machine learning algorithms, allows him to enhance his cognitive abilities and access a vast wealth of information and features. This seamless integration of A.I. technology has the potential to redefine human capabilities and push the boundaries of what we once considered possible.
Additionally, the RFID implant grants Benmeziane unprecedented convenience and efficiency in his day-to-day activities. With a mere wave of his hand, doors unlock, payments are made, and identification is verified. This amalgamation of A.I. and RFID technology has the potential to transform industries such as healthcare, security, and transportation, paving the way for a more connected and streamlined future.
When the painted tag receives the radio frequency (RF) signals, it reflects some of the signals to establish an up-link with the smart phone reader while the smart phone establishes a down-link with the tag,” the researchers wrote in their paper. “From these communication links, the smart phone can continuously monitor the BNTS and process the information using artificial intelligence algorithms.”
The Vechain blockchain platform is proving itself to be a one-of-a-kind network for businesses across the globe. VeChain’s inbuilt technology tackles a pain point for many businesses, allowing for ease in scalability and credibility. VeChain’s IOT sensor and RFID technology place the network above many of its counterparts, as the technology offers a one-of-a-kind solution.
IoT (Internet of Things) has been a trending topic in the technology industry for its promising use cases. By enabling the connectivity of devices, IOT has impacted the manner in which modern devices function. At present, over 14 billion IoT devices are connected globally.
The number of IoT devices connected is expected to skyrocket to 26 billion by 2030. Vechain is tapping into the billion-dollar industry, as it has established that the optimization of blockchain and IoT technologies are a key part of its mission. Vechain wrote in a previous blog post;
….IoT technology helps to establish the corresponding relation between the real physical world and the world of blockchain. IoT technology can greatly reduce the factors of human intervention and manipulation by the source of data collection and thus ensure the authenticity of all data involved.
The RFID tags with super frequency technology are either printed on the inside of the tags or sewn into the inner layer of the clothing products. This can improve the checking efficiency of production and logistic links and the settlement efficiency during the sales links. Meanwhile, this type of RFID tag also helps VeChain blockchain platform to track the source of the goods for the prevention of any anti-channel conflicts.
Very recently, Vechain announced a major partnership with the United Nations, with a goal to improve sustainability, by addressing the United Nation’s 17 sustainable development goals (SDGs). Following the announcement, VeChain’s native token VET, surged by 8 percent. The asset is positioned to skyrocket in the future as VeChain’s adoption rate soars
VeChain’s roadmap for 2023 and early 2024 will continue to focus on implementing sustainability-focused improvements. These include launching a Carbon footprint explorer and carbon footprint modeling layer within the first half of 2023.
VeChain CEO Sunny Elu stated in a recent interview that with VeChain’s focus on sustainability, it is poised to become the network to spearhead the mass adoption of blockchain technology.
In a remarkable leap forward for neuroscience and technological innovation, Elon Musk's brain implant company Neuralink has officially received approval from the FDA to begin the first human trials of its groundbreaking brain-computer interface.
Neuralink's overall goal is to have the human nervous system be able to communicate with computers. The invention it is developing is called the Neuralink N1 implant. It is slightly larger than a quarter.
Here is where it gets a little creepy. The device is designed to replace a small chunk of a human skull and fit completely underneath a person's skin. Once the device is in place, its 64 needle probes are inserted into the brain, which then allows 1,024 channels of two-way communication between the brain and a computer chip.
The request was put forward following a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva last Wednesday.
The governments of Bangladesh and India have decided to conduct their bilateral trade settlements in national currencies, away from the dominance of the U.S. dollar. According to local sources, the decision would have the objective of safeguarding the flow of imports to Bangladesh, which is currently facing U.S. dollar liquidity issues as a result of the effects of the Russia-Ukraine conflict.
Haque estimated this process would start in June, as banks in the two countries are already opening transacting accounts with their respective counterparts to facilitate the settlements. Part of the cost-cutting benefits come from avoiding the currency conversions that have to be done several times in traditional settlements.
Other countries have also substituted the use of the U.S. dollar to settle bilateral trade transactions recently. Argentina decided to pay for Chinese imports using the Chinese yuan in order to safeguard its dwindling dollar reserves. Brazil has already completed its first yuan-based settlement with China, and BRICS nations will discuss the issuance of a bloc-wide currency to substitute the U.S. dollar.
originally posted by: YippiKyAA
Has anybody seen the Schumann Resonance for the last 24 hours. Father's Day in the US. I've never seen Sacred Geometry show up like this in the resonance plus a new crop circle as well.
KILLNET hackers group claims to have targeted the inter-network infrastructure of the European Investment Bank
EIB have since confirmed the claims. At 4.20 p.m., the bank tweeted that it was currently facing a cyberattack that affected the availability of its website.
“We are responding to the incident,” the bank tweeted. At the time of writing, the website was still down.
24 Another parable put he forth unto them, saying, The kingdom of heaven is likened unto a man which sowed good seed in his field:
25 But while men slept, his enemy came and sowed tares among the wheat, and went his way.
26 But when the blade was sprung up, and brought forth fruit, then appeared the tares also.
27 So the servants of the householder came and said unto him, Sir, didst not thou sow good seed in thy field? from whence then hath it tares?
28 He said unto them, An enemy hath done this. The servants said unto him, Wilt thou then that we go and gather them up?
29 But he said, Nay; lest while ye gather up the tares, ye root up also the wheat with them.
30 Let both grow together until the harvest: and in the time of harvest I will say to the reapers, Gather ye together first the tares, and bind them in bundles to burn them: but gather the wheat into my barn.