April 28, 2023

The government crackdown on crypto is well underway

The government crackdown on crypto is well underway

The sun may be setting on the cryptocurrency craze. If you’re an investor or even just a curiosity-seeker on the fringes of this financial segment, you might want to prepare for its demise.To get more news about crypto exchange scams, you can visit wikifx.com official website.

In just the last few weeks, market and banking regulators in the U.S. have tightened the screws on crypto-related firms. Legislative initiatives in Congress aimed at liberalizing rules for crypto promoters appear to be running out of steam.

The entire crypto market, from the pioneering cryptocurrency bitcoin to fad crypto such as Dogecoin and obscure proprietary tokens such as Stellar and Cardano, have been in an extended decline.The capitalization of the crypto market, which peaked at more than $3 trillion in late 2021, is now estimated at $800 billion, implying enormous losses for late-stage investors. (Some cryptocurrencies have rallied lately, but the benchmark bitcoin is still down by more than 60% from its peak in November 2021.)

To critics of crypto, these developments reflect the influence of gravity on a marketplace characterized by "frequent instances of operational failures, market manipulation, frauds, thefts and scams,” as the U.S. Treasury put it in a consumer advisory issued last September.There’s no there there, and we have plenty of history to prove it,” Lee Reiners, a crypto expert at Duke and former regulatory official at the Federal Reserve Bank of New York, told the Senate Banking Committee at a hearing Tuesday.

Unlike stocks and bonds, which give owners a claim on the issuers’ profits, or precious metals, which generally have intrinsic industrial or commercial value, cryptocurrencies represent no ownership of anything tangible and no claim on economic productivity.

Given that the first bitcoin transaction occurred in 2009, Reiners observed that despite "a 14-year track record to look back on,” no one has identified what crypto is good for, except as something people can buy solely on the expectation that they can sell it to someone else at a higher price in the future — which is often described as the "greater fool” theory.

U.S. banking regulators have hardly been blind to this reality. In a joint statement issued Jan. 3, the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency offered a one-stop list of the biggest problems with crypto, many of which paralleled the concerns raised by the Treasury.

They mentioned "the risk of fraud and scams,” "inaccurate or misleading representations and disclosures,” "unfair, deceptive, or abusive” practices and the risks of "cyber-attacks, outages, lost or trapped assets, and illicit finance.”The implicit goal of the joint statement was to warn regulated banks and their customers that they probably should steer clear of crypto at any price.

The immediate trigger for the change of heart in Washington was plainly the November implosion of FTX, a crypto firm whose founder, Sam Bankman-Fried, had been a prominent advocate for looser regulations on crypto firms. Bankman-Fried is free on bail while awaiting trial on criminal charges.

Yet FTX’s bankruptcy was only one of a string of crypto firm failures during 2022, and the precursor of further bankruptcies. Perhaps more important, many of the operational shortcomings allegedly found in FTX’s operations are common in the field, including inadequate record keeping and security arrangements, and commingling of customers’ and firms’ assets.

Consumer interest in crypto was probably destined to wane even without the FTX collapse. Last year’s Super Bowl telecast brimmed with high-priced commercials from crypto firms featuring celebrities such as Matt Damon and Larry David. Supernovas like 2022-vintage crypto are always destined to fade to some extent; this year’s Super Bowl was crypto-free.

In recent weeks and months, however, U.S. regulators have taken strong steps to inoculate the larger banking and financial system against contamination by crypto firm failures.

In January, the Fed rejected an application by Custodia Bank for membership in the Federal Reserve System. Custodia, which is chartered by Wyoming, aimed to issue its own crypto token. "The firm’s novel business model and proposed focus on crypto-assets presented significant safety and soundness risks,” the Fed said.

Last week, New York State banking regulators ordered Paxos Trust to cease issuing crypto tokens with a brand connected to France-based Binance, the world’s largest crypto exchange, because of "several unresolved issues” related to the two firms’ relationship. The Securities and Exchange Commission has also informed Paxos that it may face an SEC lawsuit for selling unregistered securities — the crypto tokens.

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Ease of Use Drive Trend-Setting Aviation Borescopes By James Careless

Ease of Use Drive Trend-Setting Aviation Borescopes By James Careless

significantly enhanced image quality, interfaces inspired by consumer technology, and more features packed into smaller packages: These are some of the trends that have shaped the latest products being offered by Borescope Sales & Service, Gradient Lens, Olympus, USA Borescopes, and ViewTech Borescopes. Aerospace Tech Review spoke to these companies recently, to get the latest news on these products.To get more news aboutvideo borescope, you can visit seesemborescopes.com official website.

Borescope Sales & Service is a family-run business with a passion for developing high-performance borescopes that are affordably priced for small MRO shops.

The company’s current offerings include the handheld PVJ Model Videoscope, which is a Pratt & Whitney approved PWC34910-108 remote visual inspection kit. It comes with 360-degree joystick articulation, probe diameters ranging from 3.9mm to 8mm with integrated LED light sources, a 4” HD resolution video monitor and onboard video recording/image capability.

Borescope Sales & Service’ PVJ20 handheld borescope is included in its Pratt & Whitney approved PWC34910-109 kit. The PVJ20 also has 360-degree joystick articulation, a 5” LCD display screen, graph measurement capability, and supports 3.9mm probes with interchangeable tips and built-in LED light sources.

According to Borescope Sales & Service spokesperson Ariana Goolsby, her company is developing a new ‘PVJPlus’ handheld borescope that will offer high-end capabilities at a target price of $10,000 or less. "We want to pack in as many features as we can for the ‘Mom and Pop’ shops who are competing with the big MROs,” she said. "This is why our PVJPlus includes features such as HD video recording, easily-interchangeable tips, multi-line text input on captured images, 10 different zoom settings — five in Live View — and rechargeable batteries that can run for four to eight hours at a time.” (The PLJ20 and PVJPlus offer WiFi/Bluetooth connection and UV/Blacklight lighting as options.)
When it comes to trends in borescope capabilities, "probably the biggest thing to affect the industry is highly improved image quality, even on the economy systems,” said Bill French, Owner of USA Borescopes. "The way I explain this improvement to customers is by comparing it to home video. Where we once had VHS, now we have Blu-Ray. Well, the improvement in borescope video has been just as significant.”

This level of improvement can be found in USA Borescope’s new USA1000 video borescope. "Available in 4mm and 6mm probe models, the USA1000 offers a very crisp and clean image thanks to its high resolution display,” said French. "The interface is also touchscreen-based. You just touch the screen to zoom in or out or to take a picture, just as you would on your smartphone.” This new unit also has a built-in temperature sensor to detect overheating, "which allows you to avoid costly mistakes and repairs,” he said.

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Application of industrial videoscope in thermoelectricity

Application of industrial videoscope in thermoelectricity

Electric energy has gone deeper and deeper into all aspects of our production and life. With the development and progress of China's economy and society, China's power production is still dominated by thermal power generation, and boiler is one of the key equipment in the process of thermal power generation. Once the boiler has problems in production, it will seriously affect the power supply. Therefore, the maintenance of boiler pipeline has become the focus of enterprise development in recent years.To get more news aboutIndustrial Videoscope, you can visit seesemborescopes.com official website.

The boiler of the power plant is a very important part of the power generation process. The steam runs inside the pipeline. There are no cracks and other defects inside the pipeline. In addition, it is necessary to keep it clean and avoid foreign matters blocking the interface. The inspection of the boiler pipeline is a key step to reduce the boiler accident rate and improve the heat rate. The endoscope is a very important detection process in the maintenance of the power plant, Industrial endoscope is an ideal choice for boiler pipe inspection.

In order to better detect the defects and foreign matters inside the boiler pipe, Huashi endoscope has developed a G10 industrial video endoscope, which is not only portable in design, but also innovative in protection, handling, image quality and functionality. It can detect the safety of pipelines without dismantling, damaging or stopping the operation of equipment. It can detect pipelines of various shapes and observe parts that cannot be seen directly. Bright lighting can be provided even in large and deep areas, which can highly restore the internal corrosion, scaling, cracks, deformation, welds, blocked foreign matters, etc. of boiler pipes. It is helpful for the inspector to conveniently complete the inspection work, find problems in time and ensure the safe operation of the boiler.

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April 19, 2023

9 common cryptocurrency scams in 2023

9 common cryptocurrency scams in 2023

In February 2022, cryptocurrency exchange platform Wormhole lost $320 million after a cyber attack. In addition to this attack, cryptocurrency scammers have stolen more than $1 billion since 2021, according to a report by the Federal Trade Commission.To get more news about crypto exchange scams, you can visit wikifx.com official website.

Digital currency is a form of currency stored in a digital wallet, and the owner can turn currency into cash by transferring it to a bank account. Cryptocurrency, such as bitcoin, is different from digital currency. It uses blockchain for verification and does not run through financial institutions, so it is harder to recover from theft.

Even though cryptocurrency is a newer trend, thieves are using old methods to steal. Here are some of the common cryptocurrency scams to watch out for.

1. Bitcoin investment schemes
In bitcoin investment schemes, scammers contact investors claiming to be seasoned "investment managers." As part of the scheme, the so-called investment managers claim to have made millions investing in cryptocurrency and promise their victims that they will make money with investments.

To get started, the scammers request an upfront fee. Then, instead of making money, the thieves simply steal the upfront fees. The scammers may also request personal identification information, claiming it's for transferring or depositing funds, and thus gain access to a person's cryptocurrency.

Another type of investment scam involves using fake celebrity endorsements. Scammers take real photos and impose them on fake accounts, ads or articles to make it appear as though the celebrity is promoting a large financial gain from the investment. The sources for these claims appear to be legitimate, using reputable company names such as ABC or CBS with a professional-looking website and logos. However, the endorsement is fake.

2. Rug pull scams
Rug pull scams involve investment scammers "pumping up" a new project, nonfungible token (NFT) or coin to get funding. After the scammers get the money, they disappear with it. The coding for these investments prevents people from selling the bitcoin after purchase, so investors are left with a valueless investment.

A popular version of this scam was the Squid coin scam, named after the popular Netflix series Squid Game. Investors had to play to earn cryptocurrency: People would buy tokens for online games and earn more later to exchange for other cryptocurrencies. The price of the Squid token went from being worth 1 cent to about $90 per token.

Eventually, trading stopped and the money disappeared. The token value then reached zero as people attempted but failed to sell their tokens. The scammers made about $3 million from these investors.
3. Romance scams
Dating apps are no stranger to crypto scams. These scams involve relationships -- typically long-distance and strictly online -- where one party takes time to gain the other party's trust. Over time, one party starts to convince the other to buy or give money in some form of cryptocurrency.

After getting the money, the dating scammer disappears. These scams are also referred to as "pig butchering scams."
4. Phishing scams
Phishing scams have been around for some time but are still popular. Scammers send emails with malicious links to a fake website to gather personal details, such as cryptocurrency wallet key information.Unlike passwords, users only get one unique private key to digital wallets. But if a private key is stolen, it is troublesome to change this key. Each key is unique to a wallet; so, to update this key, the person needs to create a new wallet.

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Blockchain – an emerging opportunity for surveyors?

Blockchain – an emerging opportunity for surveyors?

Every so often a revolutionary digital break-through emerges. The most recent being a technology allowing a decentralised, reliable and verifiable record of transactions, which is maintained across multiple computers using peer-to-peer networking and cryptography – blockchain.To get more news about blockchain field survey, you can visit wikifx.com official website.

Blockchain came to public prominence as the digital architecture underpinning Bitcoin and other cryptocurrencies that blossomed following the financial crash of 2008. It soon found potential applications in other fields, including a wide range of sectors in which RICS members and RICS-regulated firms operate.

But where will the technology add value? What are its limitations and risks? And how likely are today’s professional firms and other industry players to take advantage of the opportunity that blockchain represents?

This insight paper provides a balanced view of the outlook for blockchain, its application to the real estate, built and natural environment and construction industries, and what it could mean for RICS professionals and RICS-regulated firms looking to stay at the forefront of innovation.
Speculation on the value of blockchain is rife, with Bitcoin—the first and most infamous application of blockchain—grabbing headlines for its rocketing price and volatility. That the focus of blockchain is wrapped up with Bitcoin is not surprising given that its market value surged from less than $20 billion to more than $200 billion over the course of 2017.1 Yet Bitcoin is only the first application of blockchain technology that has captured the attention of government and industry.

Blockchain was a priority topic at Davos; a World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by 2027.2 Multiple governments have published reports on the potential implications of blockchain, and the past two years alone have seen more than half a million new publications on and 3.7 million Google search results for blockchain.

Most tellingly, large investments in blockchain are being made. Venture-capital funding for blockchain start-ups consistently grew and were up to $1 billion in 2017.3 The blockchain-specific investment model of initial coin offerings (ICOs), the sale of cryptocurrency tokens in a new venture, has skyrocketed to $5 billion. Leading technology players are also heavily investing in blockchain: IBM has more than 1,000 staff and $200 million invested in the blockchain-powered Internet of Things (IoT).4

Despite the hype, blockchain is still an immature technology, with a market that is still nascent and a clear recipe for success that has not yet emerged. Unstructured experimentation of blockchain solutions without strategic evaluation of the value at stake or the feasibility of capturing it means that many companies will not see a return on their investments. With this in mind, how can companies determine if there is strategic value in blockchain that justifies major investments?

Our research seeks to answer this question by evaluating not only the strategic importance of blockchain to major industries but also who can capture what type of value through what type of approach. In-depth, industry-by-industry analysis combined with expert and company interviews revealed more than 90 discrete use cases of varying maturity for blockchain across major industries (see interactive).

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Shanghai Upgrade Unlocks Staked Ether

Shanghai Upgrade Unlocks Staked Ether

After almost a year, Bitcoin (BTC) has surged past the $US30,000 mark, bringing a wave of excitement to the crypto community. Meanwhile, Ethereum’s much-anticipated Shanghai hard fork, also known as the "Shapella” upgrade, has been finalised. The upgrade, which enables users to withdraw staked Ether (ETH), went live during the morning of April 13 in Australia. Shortly after, 285 withdrawals were processed, totalling around 5,413 ETH (approximately $US10 million), with a total of 18 million ETH still staked.To get more news aboutcrypto token, you can visit wikifx.com official website.

Approaching the upgrade, and subsequent unlocking of staked Ether, investors had some concerns that a significant proportion would be sold off and cause the value of their portfolio to slide. However, Ether’s price remained reasonably flat prior, during, and after, the upgrade went live, despite withdrawals being processed.

Additional selling pressure on ETH might arise from entities under financial strain. The bankrupt crypto lender Celsius Network may need to sell its staked ETH balance of almost 160,000 ETH to recover funds for creditors. Similarly, Kraken, a prominent US-based crypto exchange, has agreed to shut down its staking operations in order to settle SEC charges. Consequently, Kraken may have to unstake its entire 1.2 million ETH. These circumstances could increase the ETH supply in the market, potentially affecting its price and contributing to overall selling pressure .

Now that Ethereum validators can withdraw their stake whenever they wish, there is speculation that more and more investors will become validators and stake their ETH. This not only allows them to earn a reliable, passive income from their assets but it removes ETH from the immediate circulating supply, potentially creating upwards pressure on price as the asset becomes increasingly scarce on the open market.

Validators who stake at least 32 ETH can participate in the block validation process directly but by running their own hardware. However, not everyone can afford to stake that amount, leading to the rise of liquid staking providers such as Lido and RocketPool, or with centralised providers like Coinbase.

Ethereum’s co-founder, Vitalik Buterin, shared his optimism during a Shapella Mainnet Watch Party, stating that the hardest parts of Ethereum’s transition are now over. The Shanghai hard fork also includes four Ethereum Improvement Proposals (EIPs) aimed at improving gas fees for developers. These EIPs address various aspects such as lowering gas costs and capping gas expenses for specific functions. Scaling, which involves making transactions faster and cheaper, is the next challenge for Ethereum after the Shanghai upgrade.

Meanwhile, the latest US inflation data has led crypto investors to monitor the Federal Reserve’s next move, as the consumer price index (CPI) could affect the US central bank’s interest rate decisions. The Reserve Bank of Australia opted to hold the current interest rate steady this month, however, if the US continues to hike, the RBA could be forced to follow or risk affecting the AUD/USD exchange rate, among other things.

With the Ethereum Shapella upgrade and Bitcoin’s price rally, this week has been an exciting time for the crypto community. Investors and enthusiasts alike should keep an eye on these developments, especially in regards to the movement of staked ETH, as they could significantly impact the cryptocurrency market and their investments alike.
Elon Musk, the entrepreneur who acquired Twitter last year in a $44 billion deal, caused a stir by changing the iconic Twitter bird logo above the home button on the social network’s web version to the "doge” of the Dogecoin cryptocurrency.

Dogecoin is a cryptocurrency that features the likeness of the Shiba Inu dog from the popular internet meme as its logo. Created as a joke in 2013, Dogecoin has gained attention due to its lighthearted nature and the support of high-profile individuals like Musk.

Musk is a well-known supporter of the Doge meme and has promoted Dogecoin on various occasions, including during his appearance hosting "Saturday Night Live” last year. Following the logo change, the value of Dogecoin rose more than 20%. This event underscores how the involvement of influential figures, such as Musk, can sway the value of cryptocurrencies, even those initially created as jokes.

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WikiBit's Panel of Experts are Bullish on Hong Kong as a New Crypto Hub

WikiBit's Panel of Experts are Bullish on Hong Kong as a New Crypto Hub

On March 10th, WikiBit, the global blockchain exchange regulatory inquiry platform, organized a roundtable discussion to explore the factors driving the rise of Hong Kong as a major hub for cryptocurrency activities. The event brought together experts and thought leaders from the industry to share their insights on this growing trend.To get more news about WikiBit, you can visit wikifx.com official website.

During the panel discussion, participants analyzed the regulatory framework, market trends, and business opportunities that have contributed to Hong Kong's emergence as a new center for crypto-related activities. The experts also discussed the challenges and potential risks associated with this trend and shared their perspectives on the future of cryptocurrencies in the region.

The roundtable discussion provided a platform for a comprehensive and informative dialogue on the dynamics shaping the crypto landscape in Hong Kong. WikiBit remains committed to providing valuable insights and resources to promote greater understanding and awareness of the blockchain industry worldwide.

Hong Kong's bid to become a digital asset hub is drawing in cryptocurrency companies seeking to capitalize on mainland China's appetite for trading in tokens. With its new regulatory regime for exchanges and plans to legalize crypto trading for retail investors, Hong Kong is increasingly being seen as a more crypto-friendly destination than Singapore, which implemented a crackdown on the sector last year.

As the world's fourth-largest crypto market, despite the Chinese government's ban on the sector in 2021, mainland China continues to present a significant demand for digital coin trading. As a result, companies are rushing to establish a presence in Hong Kong in the hopes of capturing this demand.

The move to Hong Kong comes as a response to the potential opportunities presented by the city's push to become a crypto hub, with companies looking to gain a foothold in the region's growing market. These developments signal a shift in the dynamics of the cryptocurrency industry in the region, as businesses seek to navigate evolving regulatory frameworks and seize new business opportunities.

As companies continue to flock to Hong Kong, they will face challenges and risks associated with the nascent industry, including regulatory uncertainties, cybersecurity threats, and market volatility. However, with Hong Kong's growing reputation as a crypto-friendly destination, coupled with the increasing demand from mainland China for digital assets, the prospects for the cryptocurrency industry in the region appear bright.

A robust regulatory framework not only safeguards the interests of investors but also instills greater confidence in builders and investors alike. In this regard, Hong Kong, the emerging cryptocurrency hub, has been at the forefront of setting new regulatory standards in the industry. With Asia's second-largest economy, Hong Kong has taken proactive steps to safeguard investors while also promoting the growth of the crypto industry.

The city has been exploring ways to enhance its regulatory framework to ensure that it aligns with global standards and provides a safe and secure environment for cryptocurrency-related activities. The regulatory regime for exchanges and the recent legalization of crypto trading for retail investors are just some of the steps taken to encourage the growth of the crypto industry in the city.

The measures adopted by Hong Kong demonstrate the government's commitment to promoting innovation while also ensuring that investors are adequately protected. As a result, Hong Kong has become an attractive destination for businesses looking to establish a presence in the region's growing cryptocurrency market.

The establishment of a strong regulatory framework is a positive development for the industry as it provides a sense of stability and predictability that investors and builders need to operate effectively. As Hong Kong continues to lead the way in this regard, other jurisdictions in the region and beyond may look to follow suit, creating a more consistent and transparent regulatory environment for the cryptocurrency industry globally.

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HONOR OF KINGS COMING TO PLAYERS ACROSS THE GLOBE

HONOR OF KINGS COMING TO PLAYERS ACROSS THE GLOBE

Today, Level Infinite and TiMi Studio Group confirmed that Honor of Kings will receive a global launch later this year on mobile devices. Players across the world will soon be able to experience this gaming phenomenon when Honor of Kings will commence a series of tests in select countries from July before beginning a phased worldwide roll-out.To get more news abouthonor of kings top up, you can visit topuplive.com official website.

Released in China in 2015, Honor of Kings recorded over 100 million average daily active users in November 2020, making it not only the most popular MOBA mobile title, but the most played video game in the world on any platform. Six years on from launch, Honor of Kings is still demonstrating its enduring popularity among gamers. Recent figures from QuestMobile showed that the title recorded over 145 million monthly active users in March 2022*; while according to SensorTower, Honor of Kings was the top grossing mobile game worldwide in Q1, 2022**.

TiMi also announced today that the 2022 Honor of Kings World Champion Cup (KCC) will be held at the end of this year and will welcome 16 international teams to join the tournament. These international teams will join the battle to be crowned champions and compete for a share of the $10,000,000 prize pool.
Since its launch in 2019, KCC has established itself as the peak of competitive play for Honor of Kings. This competition has attracted a growing audience of engaged fans, with more than 570 million viewers watching the 2020 final. This excitement extends across the Honor of Kings esports ecosystem, with over 73 billion views of content from the professional circuit in 2020.

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Wild Rift 2-year anniversary Patch 3.4

Wild Rift 2-year anniversary Patch 3.4

The upcoming League of Legends: Wild Rift update will be massive, as Riot Games marks the game’s second anniversary with Patch 3.4: Power Spike
Wild Rift patch 3.4 is on the road, and Riot isn’t holding back with the coming features. There are just 1 to 2 days left until the complete patch goes live, but the variety of stuff on the way is likely to make the wait worthwhile.To get more news aboutrecharge wild rift, you can visit topuplive.com official website.

Yone, the Unforgotten, is Yasuo’s brother and hence plays similarly to him. Yone’s ultimate, however, instead of launching airborne, he knocks up all enemies in an area, delivering immense damage.

Gwen, the Hallowed Seamstress, is a solo lane champion who slashes down the opponent with her scissors. She does AP damage and produces an area of effect in which she becomes immune to anything beyond the area of influence.

Vex, the Gloomist, is a yordle from the mid lane. Her most valuable asset is likely her engage from her ultimate, which allows her to dash in and fear all nearby opponents if she hits the skill shot.Warwick, Zaun’s Uncaged Wrath, is a terrifying melee jungler who specializes at hunting down low-health opponents from all across the map. Along with CC, he possesses incredible mobility skills that allow him to obtain picks and sustain to survive fights.

The new Wild Rift game mode is a 1v1 ARAM, often known as "Duel Mode,” and it is just as it sounds, allowing players to 1v1 each other.

This new game mode will be a 1vs1 combat on the ARAM map Howling Abyss.

Once you’re in the game, there are two ways to win. One possibility is the standard destroy the nexus. The other is that if a player hits a certain kill target, that player will win instantly.
Riftmaker: Grants you omnivamp and when in combat with champions you’ll gain a stack. Each stack increases the damage you deal. At max stacks the additional damage becomes true damage

Serpent’s Fang: Described as an anti-shielding AD assassin output, this item works exactly like its PC counterpart, except it is more effective for melee users and reduces both current and future shields for a short period of time

Imperial Mandate: The item gives bonus damage and marks enemies that you slow down or stop from moving. Then, allies can use the marks to do more damage and move faster

Cosmic Drive: Active abilities and empowered attacks grant Ability Haste as Movement Speed after dealing damage to an enemy champion. This movement speed will decay over time. Cosmic Drive’s other passive Hyperdrive will also provide movement speed

Relic Shield: Earn gold from this item to transform it into Targon’s Buckler. When a friendly champion is nearby, using an ability or attack to kill minions with health below a certain threshold costs a charge.

Killing a minion rewards you and your ally with a percentage of the kill gold and healing you. These effects recharge.

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Bigo Live Celebrates Broadcaster Excellence

Bigo Live Celebrates Broadcaster Excellence

Bigo Live, the Singapore-based global livestreaming platform, kicked off the new year with a bang, successfully concluding the fourth edition of its annual flagship event, the BIGO Awards Gala 2023. Making a return to its physical format after a two-year virtual presence, the BIGO Awards Gala 2023 was held at Singapore's historic Capitol Theatre on Saturday, 7 January 2023. The ceremony was attended by 1,000 people who flew into the island state from North and South America, Europe, Southeast and South Asia. Over 270 Bigo Live broadcasters and close to 100 Bigo Live families were acknowledged and honoured. The event bore witness to the sheer extent of the talent the livestreaming platform has to offer, and was livestreamed exclusively on the Bigo Live platform, which saw close to 4 million viewers tuning in globally, doubling the viewership from last year, proving that the platform has grown in strength over the yearsTo get more news aboutbigo recharge, you can visit topuplive.com official website.
Centred around the theme 'We Live Together', the BIGO Awards Gala 2023 was hosted by renowned Singaporean actor-comedian Hossan Leong and Singaporean actress Pamela Oei. The event honoured Bigo Live's diverse pool of broadcasters who have captivated their audience with creativity and originality, as well as those who have transformed their communities by establishing circles of like-minded people through livestreaming.

The three-hour star-studded event recognised the best of Bigo Live's community through a variety of award categories and saw TracTrac from the United States winning 'Global Top Broadcaster', BB&BG from Vietnam winning 'Global Top Family', and Pikalydia and TBSinger from Italy winning 'Most Popular Performance'.

The BIGO Awards Gala 2023 also featured captivating and engaging performances from some of Bigo Live's top talents including Hanyshow from Egypt, who dazzled everyone with his magic performance, and Girls Dance Group (BIGO IDs: benne.bn, pimtahontaz, 877593126, 877457653, 876774823). Online viewers also had a chance to be part of the event's festivities, as they participated in lucky draw sessions throughout the livestreamed event and won exclusive prizes such as exclusive badges, skins, Bigo Awards Gala virtual gifts and Nova 9 handsets worth a total of S$1,000,000.

The success of the BIGO Awards Gala 2023 is a testament to the transformative power of livestreaming, highlighting Bigo Live's vision "to be a content platform inspiring one billion people's lives". The event is part of Bigo Live's annual tradition of giving recognition to the people who have contributed to the platform's role by incubating talent and community-building while promoting inclusivity and diversity. It also showcases the platform's commitment to bridging the gap between the digital and physical worlds through interactive hybrid events.

"This year's BIGO Awards Gala is a testament to the creativity and hard work put in by our broadcasters to make the best out of the tumultuous years before. We are very proud to bring the BIGO Awards Gala back to Singapore and showcase the best of our platform's talents to the world. For a long time, we have been looking forward to bringing together the people who make our community what it is today, and we could not have asked for a better start to the new year with our annual event. The BIGO Awards Gala has provided our broadcasters and users with a platform to showcase their talents and passion, and we cannot thank them enough for being a part of this journey," Mike Ong, Vice President of BIGO Technology said.
Since its inception in 2016, Bigo Live has emerged as an international industry leader and key contributor to the global creator economy with more than 400 million users across 150 countries worldwide. Throughout the past year, Bigo Live has been growing its talent pool of broadcasters and content creators and expanding its localised premium content library with a focus on pan-entertainment offerings, social commerce, gaming, and music content, via various cross-industry partnerships and a series of in-market activities globally.

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Medical Videoscopes Market Sees New Dawn

Medical Videoscopes Market Sees New Dawn

As per insights by Fact.MR, the global market for medical videoscopes is estimated to surpass US$ 30 Bn by the end of 2031 in comparison to the valuation of US$ 22 Bn registered in 2020.To get more news aboutvideo borescope, you can visit seesemborescopes.com official website.

Due to rising technological advancements in the field of endoscopy, the market is likely to exhibit growth at a CAGR of 5% over the forecast period 2021-2031. The global medical videoscopes market is expected to grow at a significant rate owing to the rising preference for minimally invasive surgeries and a surge in technological advancements for miniaturization of medical videoscopes.

Several innovations in design witnessed in the market include, increased angles in the field of view in endoscopes, reduced outer diameters of scopes, endoscopy systems combined with high-resolution technologies such as 3D systems, and miniaturized endoscopy systems.
The market continues to witness steady growth owing to the rising scope for application in video assisted procedures such as bariatric, thoracic, laparoscopic, general endoscopic, and posterior/anterior spinal care.

Among various applications, bronchoscopy technology is widely adopted by leading manufacturers. Fact.MR has estimated that it will rise at a CAGR of 6% over the forecast period 2021 and 2031, surpassing a valuation of US$ 3 Bn by the end of 2031.

Regionally, North America will emerge as a highly lucrative market, accounting for 30% of the sales of medical videoscopes through 2031. Demand for the U.S. market remains positive driven by rising adoption of minimally invasive surgeries and growing neurological disorders.

"Evolution of endoscopic cameras from single-chip cameras to HD cameras and further to 3D cameras has pave way for major advancements in visualization system, which, in turn will bolster future growth prospects," said a Fact.MR analyst.

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What to look for when buying an industrial videoscope?

What to look for when buying an industrial videoscope?

Choosing a suitable industrial videoscope, also known as a borescope or endoscope, depends on its features and functions, and the environment for which it is required. Many purchasers of visual inspection cameras are concerned about price. However, more attention should be paid to product performance and after-sales service. These factors have proven more important and provided better value for money over the long term.To get more news aboutIndustrial Videoscope, you can visit seesemborescopes.com official website.

Choosing a suitable industrial videoscope, also known as a borescope or endoscope, depends on its features and functions, and the environment for which it is required. Many purchasers of visual inspection cameras are concerned about price. However, more attention should be paid to product performance and after-sales service. These factors have proven more important and provided better value for money over the long term.

Diameter & length of the probe - options for different insertion probe sizes, as not all requirements are alike, ensure the right equipment for the job.
Image clarity and definition - the better the image, the more accurate the diagnosis and reduced likelihood of missing faults. The higher the resolution, measured in pixels, the better for capturing accurate and reliable still images and video.
Lighting - bright lighting is necessary for clear imaging to see the smallest of defects.
Flexibility of probes/camera head control - the ability to insert, bend and control the probe and camera head within inaccessible spaces means more accurate detection.
Robustness and durability - many industrial videoscopes are required to function in harsh environments. Having a unit that is very robust and durable ensures reduced replacement/repair costs, proving more economical over time.
After-sales service

The reality of industrial environments and prolonged exposure to harsh elements, coupled with the occasion of overly rough operation and lack of maintenance, means even good quality videoscopes can break down. After-sales service is an important consideration when choosing your industrial videoscope. An experienced maintenance team, stock of parts, repair management and warranty availability are essential to prolonging the life of your product.

In summary, buying an industrial videoscope should not only be about price. Paying attention to product performance and after-sales service pay dividends over the long term and ensure the best opportunity for accurate maintenance, defect detection and non-destructive testing.

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Replacing the Rotor of a Screw Pump

Replacing the Rotor of a Screw Pump

Screw pumps are widely used in various industries for pumping fluids, and the rotor is a critical component that requires periodic maintenance and replacement. In this article, we will guide you through the steps involved in replacing the screw pump rotor.To get more news aboutSEEPEX Pump Parts, you can visit hw-screwpump.com official website.

Step 1: Shut down the pump
Before starting any maintenance work, make sure that the pump is completely shut down and disconnected from the power source. This is important to prevent accidents and ensure your safety.

Step 2: Remove the pump casing
To access the rotor, you need to remove the pump casing. This is usually done by unscrewing the bolts or nuts that hold the casing in place. Carefully lift the casing off the pump, being mindful of any gaskets or seals that may be present.

Step 3: Remove the old rotor
Once you have access to the rotor, you can remove it by unscrewing the bolts or nuts that hold it in place. Depending on the type of pump, you may also need to remove the coupling or drive shaft that connects the rotor to the motor. Be sure to keep track of any washers or spacers that may be present.

Step 4: Inspect the pump components
While you have the pump disassembled, it’s a good idea to inspect the other components for signs of wear or damage. This includes the stator, bearings, seals, and gaskets. Replace any parts that are worn or damaged.

Step 5: Install the new rotor
Once you have inspected and replaced any worn components, you can install the new rotor. Begin by aligning the bolt holes on the rotor with those on the stator. Tighten the bolts or nuts in a criss-cross pattern to ensure even torque distribution.

Step 6: Reassemble the pump
Reinstall any components that were removed during the disassembly process, including the coupling or drive shaft. Replace any gaskets or seals as needed. Carefully lower the pump casing back onto the pump, and tighten the bolts or nuts in a criss-cross pattern.

Step 7: Test the pump
After reassembling the pump, test it to ensure that it is functioning properly. Check for leaks, unusual noises, or any other signs of malfunction.

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Eccentric screw pumps for almost all applications

Eccentric screw pumps for almost all applications

In addition to our barrel pumps for low viscosity and medium viscosity media up to 1000 mPas, we can offer a complete range of high viscosity eccentric screw pumps for transporting highly viscous, still flowable media. Our large stock pumps are of the type of eccentric screw pumps, where the flow rate is determined by the geometry and the clearance between the rotating rotor (screw conveyor of stainless steel) and the stationary stator (in the opposite direction rubber or solid mixture).To get more news aboutscrew pump stator, you can visit hw-screwpump.com official website.

For almost 10 years, we supply our pumps to customers in industry and agriculture.

We also repair other brands reliably.

We can offer you our high viscosity dosing pumps in different versions:

In principle, the first step is to choose between the vertical or horizontal version of a drum or container pump.
Eccentric screw pumps as drum and container pumps
With electric motor or air operated motor, they are used to transport thin liquids and viscous substances to 100,000 mPas, preferably stationary, used in continuous operation.

The flow rates are standard at 12, 25 or 50 liters/min, the funding pressures on 6 or 12 bar. We can also build the vertical design as a dosing pump with a small performance.

The pump tubes are made of stainless steel 316Ti, the stators of NBR, NBR light, FKM, EPDM, EPDM light or PTFE.

Eccentric screw pumps as container pumps
With AC motor, three-phase motor or air operated motor, they are used to transport thin liquids and viscous substances to 100,000 mPas, preferably stationary, used in continuous operation (also ATEX certified).

The flow rates are standard at 80, 200 or 300 liters/min, the funding pressures on 6 or 12 bar.

The pump tubes are made of stainless steel 316Ti, the stators of NBR, NBR light, FKM, EPDM, EPDM light or PTFE.

Horizontal eccentric screw pumps
Transport liquids with low or high viscosity, neutral or aggressive, with or without solids or fibers.

The pump tubes are made of stainless steel 316Ti,
the stators of NBR, NBR light, FKM, EPDM, EPDM light or PTFE.

Flow rate: up to 3 m³/h, pressure stages: 6 and 12 bar

Horizontal pumps in block version
A cost-effective variant are the pumps in block version. At these pumps the motor is directly flanged. By saving the bearing base as well as the elastic coupling, shorter designs can be realized.

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WHAT CLOTHING IS BEST FOR SUN PROTECTION?

WHAT CLOTHING IS BEST FOR SUN PROTECTION?

Whether you’re going on walks and hikes, at the pool or beach, on a river trip, spending time in the mountains, or at the amusement park, you’re risking skin damage from the sun’s ultraviolet (UV) rays. Even on cloudy days, up to 80 percent of the sun’s harmful rays can penetrate your skin, according to the American Academy of Dermatology. And UV damage may lead to skin cancer.To get more news aboutis nylon uv resistant, you can visit runsom.com official website.

Experts at Huntsman Cancer Institute (HCI) recommend avoiding the sun as much as possible, especially between the hours of 10 a.m. and 4 p.m., when the sun’s rays are strongest. If you can’t do that, the next best thing is to cover your skin with clothing. But what type of clothing is best? Many outdoor retailers offer expensive ultraviolet protection factor (UPF)-rated clothing. According to the Skin Cancer Foundation, those items are effective. However, any clothing with these traits will offer protection.
Dense fabric
More layers of clothing does not necessarily mean more protection. The most important protective factor of fabrics is weave density—the tighter the knit or weave, the smaller the holes and the fewer UV rays can get through.

Dark or bright colors
Darker colors absorb more UV than lighter colors like whites and pastels. This means the UV rays are less likely to reach your skin. But bright colors such as red can also absorb UV rays. The more vivid the color, the greater the protection—a bright yellow shirt is more protective than a pale one.

Synthetic material
Synthetic fibers like polyester and nylon are more protective than bleached cottons or semi-synthetic fabric such as rayon.

Less tension
More stretch means UV rays will more easily penetrate the fabric. Sporting clothes that do not hug the skin may increase UPF.
Use enough sunscreen to generously coat all skin not covered by clothing. Huntsman Cancer Institute recommends most adults use 1 ounce to cover the whole body. Always follow the directions and adjust the amount of sunscreen depending on body size. Make sure to reapply every two hours or after swimming, drying off with a towel, or sweating.

UV light from tanning beds can cause skin cancer and premature skin aging. People who tan have a higher risk of melanoma, the deadliest type of skin cancer. There is no such thing as a healthy tan. A tan or sunburn is your body’s response to damage from UV rays.

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Precision 5-Axis CNC Machining of Automotive Parts

Precision 5-Axis CNC Machining of Automotive Parts

The CNC machining process is often used to produce small, intricate parts for a variety of industries, including the automotive industry. Precision 5 – axis machining is a specialized form of CNC machining that can be used to produce even more complex and accurate parts and components. In this type of machining, the cutting tool moves along five different axes simultaneously. This allows for greater flexibility in the design of the parts being created.To get more news aboutcnc lathe parts, you can visit runsom.com official website.

In the automotive industry, high precision and tight tolerances are essential for performance and safety. Automotive components need to fit precisely into place in order to function properly, and quality needs to be consistent across all the parts of a vehicle. Parts that are not machined to precise specifications can lead to problems such as decreased fuel efficiency, premature engine failure, and even accidents.

That’s why more and more automakers are turning to 5-axis CNC machining to manufacture their parts. In this article, we’ll take a closer look at the process of 5-axis CNC machining and highlight some of its key benefits for the automotive industry.
How is CNC Machining Taking Charge of the Auto Sector?
CNC Machining is taking charge of the auto sector by leaps and bounds. It has become an integral part of the manufacturing process, thanks to its ability to produce highly accurate and precise parts.

Automotive lighting lamps
Acrylic precision machining is a specialized form of CNC machining that is often used for the head and tail lamps along with any other light present in the car. Acrylic is a material that is known for its clarity, strength, and durability, making it an ideal choice for many automotive applications. When coupled with the precision of CNC machining, acrylic parts can be created that is both strong and good-looking.

Acrylic precision machining is also becoming popular in the automotive industry. This is because acrylic has a number of properties that make it ideal for use in car parts. It is strong and durable, yet lightweight, easy to work with, and can also be molded into a variety of shapes and designs.

Carburetor housing and suspension parts
Carburetor housings and suspension parts can be created using 5-axis CNC machining. This process uses computer numerical controlled machine tools to create precision parts from a variety of materials. With 5-axis CNC machining, it is possible to create both the carburetor housing and suspension parts in a single setup. This can be accomplished by creating two separate tool paths, one for each part.

5-axis CNC machines are capable of machining parts with complex shapes and geometries. They can also create features that would be difficult or impossible to produce with traditional machining methods.
5-axis CNC carburetor housings and suspension parts offer superior performance and durability. They are also lighter and more aesthetically pleasing than their traditional counterparts. In addition, it plays a key role in accurately making bearing caps as well as engine casings. We achieve this using state-of-the-art tools and machines.

If you are in the market for a new carburetor housing or suspension part, consider 5-axis CNC machining. This technology can provide you with the precision, quality, and performance you need to stay ahead of the competition.

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How to learn Chinese characters as a beginner

How to learn Chinese characters as a beginner

I’ve been teaching beginner courses in Chinese for more than ten years, but I still remember what it was like to write my first characters.To get more news aboutchinese alphabet for beginners, you can visit shine news official website.

When starting to learn Chinese characters, one of the first questions that pop up is how to learn them. I don’t mean what characters to study, how to make sense of Chinese characters or principles for stroke order, but what to do as a beginner to learn your first characters.

When learning almost any other language, writing by hand is not a challenge in itself. Sure, there’s spelling and other things to learn, but that’s at least in principle familiar from other languages we know. Writing Chinese characters is a different beast altogether.Before we start, I want to say a few words of encouragement. Learning Chinese characters as a beginner is challenging, mostly because everything is new and you can’t connect what you need to learn to things you already know. Writing characters is essentially like drawing stylised pictures.

The more you learn, however, the more extensive your web of Chinese knowledge will become, which also means that expanding it further will become easier. The more you know, the easier it becomes to learn even more. You will start recognising components and understand how the fit together to form compounds.

Thus, if you feel that it’s difficult and frustrating at the moment, don’t worry, it will become easier soon! It might feel like you’re drawing pictures, but as your understanding of Chinese characters increases, you will be writing characters soon enough.

For general advice about learning Chinese characters beyond the specific situation we’re looking at in this article, please refer to My best advice on how to learn Chinese characters. It contains in-depth discussions about how the Chinese writing system works, methods for learning characters, and how to remember and review characters effectively.
As a beginner, you don’t have time to read all that now, though, especially not if you have a test soon, so let’s talk about that! If you have time to spare, investing more of it into understanding Chinese characters is always good, but not always practical. I’ll return to this later, but let’s go through the basics first.

Study the character closely, including stroke order – Before you start to write, study the character you’re going to write carefully. How is it written? What does it look like? If your textbook or teacher didn’t provide you with information about stroke order, you can use apps like Pleco or websites like Archchinese. If you don’t know how to type the character in order to look it up, take a look here. Also, note how the character is pronounced, what it means and if it has any components. If this information is not readily available or doesn’t make sense to you, just ignore it.
Write the character until you get the feel for it – Once you know (in theory) how to write the character, write it until you can write the entire character without thinking too much. This is just to familiarise yourself with the hand motions involved and will help improve your handwriting in general, but it isn’t very good for memorisation. The number of times you need to write a character varies greatly depending on the complexity of the character, but don’t overdo it. Write the characters on a paper with squares of suitable size (a few centimetres). I’ve collected stroke order resources and tools to generate grid paper here.
Don’t copy characters stroke by stroke – If you can remember how to write the whole character in one go, that’s great. If you can’t, break it down into its component parts and peek at the stroke order only between writing each component. Copying stroke by stroke is next to useless, because you’re not even trying to remember anything. The more you try to remember something, the better you will become at actually remembering it.
Once you know the character, don’t mass your repetitions – Even though you have now written the character a few times and can write it from memory if asked to do so right now, this ability will fade very soon. If you want to be able to write the character tomorrow, or maybe even an hour from now, some reviewing is necessary. Some people (including most native speakers) write the same character again and again, hoping that they can etch them into their minds. This works, but it’s very inefficient. Instead, you should spread out your repetitions over time. Write other characters, do some listening practice or just do something else entirely for a bit. Spreading reviews out like this is several times more efficient than writing the same character over and over. While there is software that helps you schedule your reviews effectively, you don’t need to commit to any app or service right now, just do’t mass your repetitions. You can even create your own paper flashcards for your first few weeks of learning while you check out the spaced repetition software on offer.

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Easier PCB Design: EAGLE CAD Tips and Tricks

Easier PCB Design: EAGLE CAD Tips and Tricks

Most hobbyists and many professionals use EAGLE CAD as a daily tool in designing schematics and laying out PCB. I’m going to share with you the most important tips and tricks for using EAGLE CAD, which make my work much easier and faster.To get more news aboutGstarsoft Tips & Tricks, you can visit shine news official website.

Tip #1: Keep One Hand on the Keyboard, One on the Mouse
I see a lot of friends and colleagues use the mouse as their main tool for routing and selecting tools in the sidebar, but it’s much easier and faster to use the command line whenever you can.

By using your keyboard, you will omit the time you spend searching for the desired icon and moving mouse pointer back and forth.

My advice is to keep one hand on the mouse to do wiring, etc. inside the editor workspace and use the other hand on the keyboard to write commands and select tools. My advice of using the keyboard is not only for selecting tools. You will see the other benefits of using the keyboard in EAGLE CAD in the rest of this series.

It can be difficult to remember the spelling and the name of every tool. The good news that the command line only needs the smallest accepted spelling to select the tool for you, so you don’t have to write down the complete word.
1- Text Tool:

When you select the text tool, you write your sentence in the pop-up window and then drop it wherever you want. But what if you want to add more?
2- Show Tool:

This tool is used exclusively with the keyboard. You need to enter the element name using the command line to highlight it. For example:
3- Others:

To keep you excited (and to make things more organized), I will delay talking about other tools that are exclusively used with the command line to their respective tip/trick.
1- Changing Layer Using the Scroll Button:

Let's say you are routing your PCB. A lot of people used to change the layer of an object using the layers drop-down menu.
2- Change Wire Bend Styles:

Changing wire bend styles is one of the most common processes while routing.

The hard way is to change styles by selecting the wire bend style from upper toolbar every time. The easy way is by pressing the right mouse button.
By pressing RATSNEST, the number of unrouted wires (airwires) is shown in the bottom-left corner of the editor.

This feature is very useful for double-checking that you didn't miss any airwires, especially since sometimes you may not notice them when searching visually.

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April 11, 2023

INGOT Acquired FSA License and Establishes New Office in Seychelles

INGOT Acquired FSA License and Establishes New Office in Seychelles

The FSA license safeguards investors' interests by ensuring that all legislation and compliance requirements of enterprises in Seychelles' non-bank financial services industry are fairly implemented. INGOT tries to enhance investor knowledge by providing essential recommendations on smart trading and risk management, in line with its purpose to provide traders with a secure investment environment devoid of scams and fraud.To get more news aboutobtain fsa license brokers, you can visit wikifx.com official website.

Having a legal financial license distinguishes reliable brokers from dishonest ones,” explains INGOT Founder Iman Mutlaq. And at INGOT, our primary goal is to give customers with an amazing trading experience founded on trust and defined by innovation, where clients can be certain that they are dealing with a trustworthy brokerage business. As a result, we are serious about getting licenses from the finest regulatory organizations available, such as the FSA Seychelles, which is recognized for its stringent limitations aimed at protecting investors.

"We are extremely delighted to have accomplished this milestone,” INGOT Director Hossam Abdelaziz adds, "marking the beginning of a new chapter for INGOT marked by wide expansion and quick development.” Obtaining this license puts us one step closer to reaching our aim of growing into all parts of the globe and having a strong worldwide presence that enables us to serve customers from all over the world.

About INGOT Global Ltd.

INGOT Worldwide Ltd. is a registered internet brokerage service that acts as a go-between for traders and global financial markets, allowing them to access premium investment possibilities. This includes a wide range of financial products such as commodities, equities, indexes, ETFs, and currencies. Through its competitive trading services and conditions, INGOT Global provides investors with a one-of-a-kind trading experience.
The Seychelles Financial Services Authority (FSA) is the independent regulatory organization in charge of non-bank financial services in Seychelles. The Financial Services Authority (FSA) is responsible for granting and regulating licenses, enforcing regulatory and compliance requirements, and monitoring and overseeing the conduct of business in Seychelles' non-bank financial services industry. Fiduciary services, capital market and collective investment plans, insurance, and gaming are all regulated businesses. In Seychelles, the FSA is also in charge of registering foreign commercial firms, foundations, limited partnerships, and international trusts.

Wikifx is a platform for searching worldwide company financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, credit assessment, platform identification, and other services.

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Swiss Crypto Brokerage Firm Obtains License from FINMA

Swiss Crypto Brokerage Firm Obtains License from FINMA

According to a press release on PRNewswire on Monday (Feb. 1, 2021), Crypto Broker AG, has secured the securities house license from the Swiss Financial Market Supervisory Authority (FINMA). The new FINMA license marked an important milestone for the firm following a successful 2020, which saw Crypto Broker AG trade more than $1 billion worth of assets.To get more news about obtain finma license brokers, you can visit wikifx.com official website.

The securities housing license would enable the crypto brokerage startup to offer new products and services including the option to trade security tokens, to banks and other financial service providers.

Commenting on the new license, the CEO and founder of Crypto Finance Group, Jan Brzezek, said that having a licensed broker enables the company to expose its clients to a new digital asset class, while offering regulated and professional services. Also speaking on the FINMA license was Rupertus Rothenhaeuser, Crypto Broker AG’s CEO, who said:
Crypto Broker AG’s license marks the latest regulatory approval for the Swiss financial market regulatory watchdog. Back in June 2018, Crypto Fund, another subsidiary of Crypto Finance, became the first crypto firm to receive the FINMA operating license. Later that year, Crypto Fund also obtained that asset manager license from the Swiss regulatory watchdog.

FINMA has further issued different licenses to banks to engage in crypto services. As reported by BTCManager back in October 2020, the Swiss arm of major Russian bank Gazprombank got approval from FINMA to offer crypto custodial services. Earlier in the same year, FINMA gave the greenlight to InCore bank to conduct crypto-related transactions.
Switzerland has continued to maintain its reputation as a crypto-friendly region, which has seen cryptocurrency and blockchain startups move and thrive in the country. In September 2020, the "Blockchain Act”, which seeks to regulate the emerging industry, passed through Switzerland’s House of Representatives unopposed.

Meanwhile, the first part of the Blockchain Act covering company law reforms came into effect on February 1, 2021. The second part of the legislation involving financial market infrastructure upgrades would be implemented in August 2021.

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