Blockchain technology will continue its deployment into other areas of use in 2026. Its application for tokenizing assets, cryptocurrencies, and digital finance will deepen.

Other sectors will seek to leverage blockchain technology to the fullest, such as governance, where states could “begin implementing distributed ledger technology (DLT) systems to replace traditional paper-based systems.”

In marketing, blockchain is useful for measuring the reach of advertising campaigns and assisting in the collection of data on customer behavior.

The uses of this innovation in the medical field could be geared toward the development of “applications to manage patient data, control the supply of medications, automate transactions for medical examinations and treatments, and more.”

M.Pino

Source: bap-software

(Reference image source: Jakub Żerdzicki on Unsplash)

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La entrada Future uses of blockchain technology apareció primero en Bitfinance.

The president of the San Antonio del Táchira-Ureña Exchange Operators, Jeovanny Fernández Sayago, recently addressed the situation of transactions on the border with Colombia, stating that it is regrettable that Venezuelans are subjected to the prices charged on the other side of the bridge and insisted on the reactivation of the exchange offices along the border.

According to Fernández Sayago, the current situation “greatly limits citizens who wish to conduct transactions on the Venezuelan side.”

In this regard, he called on border exchange operators “to restore the strength of the bolívar.” Furthermore, the official emphasized that in the state of Táchira, in Venezuela’s Andean region, “three currencies are used: the peso, the dollar, and the bolívar.”

As a reference, he recalled that before the border closure between Colombia and Venezuela, which occurred on August 19, 2015, some 19 exchange offices operated, most of them on Avenida Venezuela in San Antonio. In this regard, he emphasized that “feedback between business owners, merchants, and ordinary citizens must be guaranteed.”

Additionally, the president of the Foreign Exchange Operators of the San Antonio del Táchira-Ureña axis urged the new board of directors of Fedecámaras Táchira to act as a bridge between the Central Bank of Venezuela (BCV) and the Superintendency of Banking Sector Institutions (Sudeban) to establish working groups that “allow the issue to be addressed again and thus reactivate border exchange operators to regain exchange sovereignty.”

M.Pino

Source: finanzasdigital

(Reference image source: Invest Europe on Unsplash)

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La entrada Businesspeople in Táchira call for reactivation of border exchanges apareció primero en Bitfinance.

The legal currency in Venezuela, the bolívar, has lost 30 % of its value so far this year, according to estimates by the independent Venezuelan Finance Observatory (OVF).

According to the independent organization, “for every 1 % the currency depreciates, prices increase by 1 %”. This is attributed by economist José Guerra, a member of the OVF, to the fact that “the Venezuelan economy is informally dollarized, such that when the exchange rate is rising, prices begin to rise.”

The specialist has pointed out that the Central Bank of Venezuela cannot effectively intervene to contain the depreciation of the national currency. “That is, there are not enough dollars to inject into the economy.”

Despite this outlook, which according to the OVF is not encouraging, President Nicolás Maduro has remained optimistic, citing an increase in oil production and declaring that the nation is open to international investment.

The agency’s projections point to a closing of 2025 at 120 bolivars per dollar. “The trend is undoubtedly toward currency depreciation,” Guerra continues. Regarding inflation, they have indicated that it could reach 150 %.

M.Pino

Source: alnavio

(Reference image: Juliana Mayo on Unsplash)

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La entrada The bolívar has devalued 30 % so far this year apareció primero en Bitfinance.

The year 2025 will offer a packed agenda of events framed in the cryptocurrency market, blockchain technology and related aspects through forums, conferences, fairs and exhibitions.

On January 7 and 8, for example, the METAV Summit will take place in the United Arab Emirates, where investors from all over the world will meet, as well as representatives of startups and Web 3.0 to discuss topics such as the metaverse, cryptocurrencies, blockchain technology and NTFs.

Next, from the 22nd to the 24th of the first month of next year, the largest blockchain event in the region will be held in Miami, Florida: WAGMI Miami. Experts and enthusiasts of blockchain technology and cryptocurrencies meet for three days to share knowledge, experiences and establish strategic alliances.

On February 3, in the United Kingdom, the Digital Assets Forum will be held with the presence of representatives from sectors such as fund management, banks and cryptobanks, infrastructure providers, financial institutions and regulators, among others.

Later, from the 18th to the 25th, the Hong Kong Consensus will take place in Hong Kong; and on the 27th, in the same city, the Digital Assets Week.

These are some events of global interest related to cryptocurrencies and blockchain technology, the regulatory framework, technological advances and more on the agenda at the beginning of 2025.

M.Pino

With information from international media

(Reference image source: Kanchanara on Unsplash)

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La entrada 2025 kicks off with major events in the crypto sector apareció primero en Bitfinance.

Bancamiga and Impact Hub Caracas will celebrate Global Entrepreneurship Week (SGE) 2024 with two master classes so that people with business initiatives from all over the country can strengthen their entrepreneurial skills.

This is the second year that both institutions have joined the global celebration that connects 180 countries to motivate millions of people who need inspiration to move forward, develop an idea or facilitate access to resources to grow.

Claudia Valladares, co-founder and president of Impact Hub Caracas, will give a talk on the Business Model, an opportunity to learn about the strategies and practices that a company uses to identify, create and offer valuable products or services to its customers. The meeting will be this Monday, November 11.

On Wednesday, November 20, there will be the second masterclass, which will be dedicated to Finance, with the guidance of Nicole Velutini, an expert in the area who will offer essential tools and knowledge for financial management in the business field.

Both activities will be held both in person and online, on the indicated dates, from 5:00 to 6:30 pm.

Bancamiga and Impact Hub Caracas invite you to participate and confirm your attendance

Those interested in participating can confirm their attendance to the master class with Claudia Valladares at the following link: https://forms.gle/HUW7zwLjvc6egkZN9. To confirm your attendance to the Finance class with Nicole Velutini, you can register here: https://forms.gle/93R9Ytp8gJL3Esgz7.

Upon completing the registration for one or both activities, you will receive a confirmation email with the address of the in-person meeting and the virtual connection link.

Through different events and activities that take place simultaneously around the world, Global Entrepreneurship Week seeks to strengthen entrepreneurial culture.

With information and reference image provided by Bancamiga Banco Universal and Impact Hub Caracas

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La entrada Bancamiga and Impact Hub Caracas offer master classes during Global Entrepreneurship Week apareció primero en Bitfinance.

Euro 2024, which began on June 14 and mobilizes thousands of fans around the world, now has official foreign sponsorship. This is the Chinese automobile company BYD (Build Your Dreams), replacing the German Volkswagen, which was at the helm from 2018 to 2023.

Everything points to a change of course and strategy marked by mobility and sustainability, taking into account that the Chinese company BYD, in full expansion, leads the electric vehicle market.

The company was founded in 1995 (Shenzhen, China) and quickly rose in the market, to the point of recently surpassing the American Tesla, run by Elon Musk.

It entered the European market in 2022 and now has 230 sales establishments in 19 countries, in addition to expansion plans.

Apparently, the philosophy of the new sponsor fit into the new orientation of the organizers of Euro 2024, who want a more sustainable tournament. In this sense, the official fleet of the tournament will be made up of electric vehicles by BYD, with the goal of reducing the carbon footprint and contributing to sustainability. BYD, for its part, has announced events that promote electric mobility in the fan zones of the host cities.

Agility meets style with the BYD DOLPHIN MINI. This compact trailblazer features an ultra-safe Blade Battery, high-tech features, and a 235-mile NEDC range – perfect for dribbling through city streets on your way to the next big match. pic.twitter.com/KSUI01Ttif

— BYD (@BYDCompany) June 11, 2024

Prominence of foreign sponsorship

According to UEFA, there are five commercial partners in the sponsorship of the sporting event most anticipated by fans. The organization indicated that the Adidas brand will deliver the balls and equipment for volunteers and employees. Likewise, the French digital services company Atos will be in charge of the tournament’s computer technology. Coca-Cola accompanies them in the supply of all supplies for the hydration of the fans, the volunteers and the dehydration officials. The German railway company Deutsche Bahn is in charge of Euro-Tickets at special prices.

Boost to the German economy could be 1,000 million euros

The host country of Euro 2024 could add around 1 billion euros to its economy from the profits derived from foreign tourists who travel to enjoy soccer matches.

The forecast of the economic research institute, ifo, indicates that the figure would correspond to 0.1 % of economic production in the second quarter of the year. The sectors with the greatest benefit from the sporting event are hospitality and food retail in Germany.

M.Pino

With information from international media and social networks

(Reference image: Unsplash+, in collaboration with Andrej Lišakov)

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La entrada Sponsorship of Euro 2024 in foreign hands apareció primero en Bitfinance.

In a determined financial move, Ark Invest, the well-known firm led by Cathie Wood, has strategically liquidated some of its shares, including those of Coinbase (COIN), as well as other prominent companies. Simultaneously, the firm has directed capital towards Bitcoin futures ETFs, once again demonstrating its innovative vision in the financial world.

It is striking that among the shares released are those of AMD, Block, Cloudflare, Stratasys, Shopify and the Grayscale trust, GBTC. The released funds have been redirected to ProShares Bitcoin Strategy ETF and Ark 21Shares Active Bitcoin Futures Strategy ETF. This bold move is not alien to Ark Invest’s distinctive style.

It is important to note that three of the sales correspond to companies linked to the cryptocurrency market. It should also be noted that Ark Invest had previously acquired shares of Coinbase at favorable prices, generating notable returns.

On this occasion, the sale of COIN shares totaled 148,885 units, reaching a value of $27.5 million.

K. Tovar

Source: Criptotendencia

(Reference image source: PiggyBank, Unsplash)

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La entrada Ark Invest sold part of its shares in Coinbase apareció primero en Bitfinance.

Eccentric tycoon and owner of Tesla, SpaceX and X (Twitter), Elon Musk, reveals his shift away from cryptocurrencies

During a conversation with Cathie Wood of Ark Invest at an X Space event held yesterday, Elon Musk, the visionary entrepreneur, shared that he no longer dedicates as much time to cryptocurrencies as he thinks. Instead, it has turned its attention to other interests.

In the course of the talk, both leaders discussed the current state of the cryptocurrency industry and the possible impact of Bitcoin on traditional finance. Musk said:

“I don’t spend much time thinking about cryptocurrencies, almost nothing at all… I have thought for a long time about money and its nature. What’s the money? It’s really a database for resource allocation.”

On the role of fiduciary money, Musk argued that it works properly for its purpose when it is based on rules and there is no abuse by the government. He added:

“Just think of it as an information system, what you want is to minimize noise… latency… packet loss. And then inflation would add noise to the system.”

K. Tovar

Source: DiarioBitcoin

(Reference image source: @patobonato, X)

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La entrada Musk is no longer “so interested” in cryptocurrencies apareció primero en Bitfinance.

Argentine companies listed on the New York Stock Exchange experienced an impressive increase in their values during the first hours of trading on Wall Street, with increases that in many cases exceeded the double-digit threshold.

Standing out for its extraordinary rise and volume, YPF recorded a 36% increase in the first 40 minutes after opening; Another company in the sector, Transportadora Gas del Sur, also saw a solid increase of 22%, while Pampa Energía had a more moderate increase of 7%.

In the banking and financial sector, Grupo Financiero Galicia led the increases with an impressive 23%; Banco Macro was not far behind, with an increase of 19%; Cresud experienced a 21% increase; BBVA Argentina, a solid 16%; and Grupo Supervielle, a respectable 12%.

The Loma Negra cement company also added to the gains with an increase of 12%; steelmaker Tenari achieved a modest increase of 1.8%, while Telecom Argentina saw an increase of 4%.

With banking and exchange operations inactive in Argentina, attention is focused on the behavior of the so-called “Bitcoin dollar”, one of the numerous alternative quotes in the South American country, which has experienced a strong rebound since Milei’s victory last Sunday , exceeding the mark of 1,000 pesos per unit.

K. Tovar

Source: Bancaynegocios

(Referential image source: X,@Gonurel)

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La entrada Argentine companies soar on the New York Stock Exchange apareció primero en Bitfinance.

Banco do Brasil, the country’s second-largest financial institution, achieved profits of USD 5.3 billion in September, which represents 14 % more than the same period in 2022.

According to the data presented in the quarterly report, the bank “earned 8,785 million reais in the third quarter, an increase of 4.5 % annually.”

Regarding the expanded portfolio, the report shows that the Bando do Brasil managed to exceed one billion reais in September; that is, an increase of 10% compared to last year.

Loans to individuals also experienced annual growth of 8 %, while loans to companies or legal entities grew 4.7 %.

Regarding the financial margin, which consists of the “difference between the interest collected on loans and those paid on deposits”, the institution reported 67,728 million reais until September, which translates into 30 % more than in the same period last year. .

“The 90-day delinquency rate reached 2.81 %, an increase from 2.34 % a year ago and which the bank attributed to the bankruptcy of a company to which it lent money.”

M.Pino

With information from national and international media and social networks

(Reference image source: @infomoney, social network X)

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La entrada Banco do Brasil reported profits of USD 5.3 billion until September apareció primero en Bitfinance.