A third Russian faces charges over his alleged inethereum historical price audvolvement in the 2018 Salisbury poisonings, which left three people critically ill and one dead.
After no longer being able to work as a guide during the pandemic, Dozi reevaluated his perspective and returned to his village of Tekizampa in May of 2020. "The most difficult for me was coping with losing a job that I thought was secure," he said, "However, I was not without any alternatives. I was able to go back to my village and return to the earth, farming and selling produce." He has since used his experience as a tour guide to engage his peers in finding ways to promote local culture to tourists now that the Kingdom has reopened its borders. "I encouraged people to elaborate our homegrown recipes with red rice to make it as authentic as possible so people can learn about our local cuisine," he said.grimes crypto art nftRinpoche's third pillar, non-attachment or impermanence, is a Buddhist concept that is at the root of Bhutanese culture. "When something goes wrong, don't become depressed immediately because things will change," Rinpoche said. "If we accept that all things are impermanent, then that means there can be change, and with change there is hope." Rinpoche explained that this also holds true for the positive things in life. "Accepting that things don't last, including success and wealth, allows you to truly appreciate what you have at hand."
In addition to embracing self-kindness and living compassionately towards others, the pandemic has also reinforced the importance of welcoming change to Dozi. Since returning to his village, he has learned carpentry and has been helping his neighbours repair their homes while embarking on a big communal project. "We renovated a traditional farmhouse that was abandoned by a family and transformed it into a farm stay. I have been advocating a long time for a more immersive approach to tourism and for people to explore the culture and lifestyle of the more rural areas of Bhutan. At the end of the day, I learned to be happy with what I have and make the best of it."According to Rinpoche, the fourth pillar, karma, isn't what it seems."Karma is totally misunderstood. Most people think it means that if you do something bad, then something bad will happen to you, like a form of universal revenge or punishment. It isn't that at all. It is about cause, condition and effect. Accepting that your actions and choices have an impact on the world around you. It is like planting a seed of a tree. If we plant a mango seed, we get a mango tree. We can't plant an apple seed and expect a mango tree to grow!" he chuckled. "Believing in karma is an opportunity for you to transform yourself, to shape yourself, to really work on who you want to become and do what you want to achieve."Though Rinpoche asserts that Bhutan is "incredibly peaceful and has this majestic and pristine natural environment", he also recognises that the Kingdom has its issues, just like everywhere else. Inflation continues to rise, with the overall consumer price index up by almost 9% in the past year. Food insecurity is also a reality (Bhutan imports about 50% of its food) and the country has seen a nearly 15% hike in food costs. The impact of closing its borders from March 2020 through August 2021 also meant that and at least 50,000 individuals working in the tourism industry lost their jobs and livelihoods, like Dozi.Yet, good governance, one of the cornerstones of GNH, has been crucial to Bhutan's survival throughout the pandemic. The government's swift response to coronavirus' socio-economic impact has been lauded by the international community, as it deferred the payment of taxes and issued financial aid to citizens. Parliament members donated one month's salary to the relief efforts. The government also prioritised the vaccination of its citizens and currently 90.2% of the eligible population is fully vaccinated.
"What is so special about being Bhutanese is that there is always a united sense of gratitude, communal well-being and national identity," added Thinley Choden, a social entrepreneur and consultant.Choden believes that part of the reason why the Bhutanese view happiness differently than other cultures is because of their ability to reconcile past and present. "Bhutanese culture is strongly rooted in our traditions and spiritual values, but we are a very progressive and practical society. Generally, our culture and religion is not prescriptive, and not a black-and-white choice, but rather navigating the middle path in everyday living."Aside from that, the Cirus Foundation will have its token, which will serve as the network's native currency and external platform interactions. Their token has a fixed supply of 250 million units. The coin ecosystem will be split into four sections, including:
AuthentificationRemittanceBridge & TransactionsNetwork Validation
Furthermore, the Cirus Foundation addresses the complicated issues surrounding the commoditization of digital asset transfer and trading in today's society.Prepare for the most significant shift in the crypto market!
Editorial Note: This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.UPDATED September 15th 2021. Who offers the best crypto interest rates? With the growth of DeFi & CeFi applications, crypto lending, margin exchanges, and stakable cryptocurrencies over the last few years, it can be difficult to know where the best yields for your idle capital are. Following on from our guide to crypto yield farming, this survey looks into the major crypto lending platforms and examines the different interest rates offered by them.First, an understanding of the difference between ‘crypto lending’ and ‘crypto borrowing’ in the context of this article is important. If you are lending in the scenarios below you are loaning your assets to the platforms featured with the expectation that you will earn interest on your crypto assets. Your goal is the return of your original sum, with earned interest. This article does not explore crypto borrowing - where you would borrow assets (or fiat in some cases) from a platform, which you would be required to repay - with additional interest.The question of which is the best crypto lending platform is open to debate - as each has its own approach and processes - but certainly annual interest rates paid are a good place to start. All interest rates were recorded on the 1st of March 2021 and are subject to change.
1. DeFi LendingDemand for borrowing in the DeFi world comes as a result of either margin trading on decentralized exchanges or from borrowing on DeFi applications. The constant fluctuation of demand and supply on DeFi applications results in yields that are fairly volatile. Due to the majority of DeFi applications being on the Ethereum network, borrowing and lending consists mainly of Ethereum, ERC-20 tokens, and wrapped Bitcoin, which is an ERC-20 token that is backed 1:1 with Bitcoin. The business model of the platforms can differ slightly.2. Centralized LendingIn addition to DeFi lending there are also many centralized crypto lending companies. Because loan origination happens in a centralized fashion with these companies, the interest rates are typically more stable as the lending entity sets the rate rather than pure market forces. Interest rates on centralized lending platforms are usually higher than other platforms, which is appealing to lenders.
An introduction to crypto loansThe other side of lending is of course borrowing. If you are interested in taking a loan out (for USD for example) many of the providers above also provide that service.
Most major Lending and borrowing protocols across both CeFi and DeFi require borrowers to lock up an asset in order to take out a loan. These types of loans are called collateralized loans.Collateralization is a borrower’s commitment to pledge a number of assets as a means for a lender to recoup their capital in the instance that the borrower defaults on the loan. If a borrower continually missed payments on a loan obligation then the lender has the right to possess the collateral pledged in the case that the loan defaults.
Collateralized, or more specifically 'overcollaterized loans', are at the core of efficiently operating DeFi lending markers. DeFi lending protocols enable open, permissionless, and pseudo-anonymous financial services. There are no credit score requirements for borrowers and generally no formal KYC or AML requirements.In order to maintain a balance between open access and systemic stability the value of the collateral that needs to be pledged for DeFi loans has to exceed the value of the loans. If for example, a DeFi user wants to directly take out a USD100 DAI loan on Makerdao, they need to put up at least USD150 worth of Ethereum.Borrowing from DeFi protocols can often be a precarious and time-intensive process that goes beyond simply paying back interest in installments.The loan-to-value ratio (LTV) needs to be carefully monitored to ensure that the collateralization requirement that was agreed upon before the loan was executed is maintained. Maintaining this LTV ratio is made more difficult if borrowers put up volatile assets like ETH as collateral. If the value of ETH changes suddenly in US dollar terms, loans can be liquidated very quickly and borrowers are not protected by mechanisms that exist like loan insurance.For these reasons, due to the complex nature of unique specific DeFi protocol agreements that go beyond interest rate payments, BNC has chosen not to include details around DeFi protocol borrowing rates.Programmable Money: Tools that find the best interest rate for you automatically
These days yield optimization platforms like Yearn.finance exist. They use the Ethereum blockchain’s capabilities to facilitate programmable money to make it easier for users to find optimal interest rates automatically. Before Yearn, users seeking to maximize their yields needed to manually move their stablecoins between lending protocols. A slow, labor-intensive process that Yearn aims to avoid.The protocol works by creating pools for each asset that is deposited. When a user deposits their stablecoins into one of these pools, they receive yTokens that are yield-bearing equivalents of the coin that was deposited. If for example, a user deposits DAI into the protocol it will issue back yDAI.
Assets are automatically shifted between lending platforms in the DeFi ecosystem like Compound and Aave, where interest rates for deposited assets change dynamically. Every time a new user deposits assets into a pool on Yearn, the protocol checks whether there are opportunities for higher yield and rebalances the entire pool if necessary. At any time a user can burn their yDAI and withdraw their initial deposits and accrued interest in the form of the original deposit asset.The protocol has evolved to offer more complex solutions that can efficiently maximize yields on user deposits. The yCRV liquidity pool built by Yearn on the Curve finance platform contains the following yTokens: yDAI, yUSDC, yUSDT, yTUSD and pays back a yCRV token that represents the index. Users can deposit any of the four native stablecoins into the pool and earn interest back from yield-bearing yCRV tokens. Depositors also earn trading fees from Curve for providing liquidity to other users of the platform.
This year Solana has soared from the 26th largest asset by market capitalization to the 6th. So what’s behind the rise of Solana and what can technical analysis tell us about Solana’s near term price potential?Summer 2021 in the crypto markets has been defined by the eye-popping growth of platform blockchains. Four out of the top ten assets on the Brave New Coin market cap table, Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and Solana (SOL), are the native tokens of platform blockchains. It’s not just the token market cap that is growing, large sums of money are also flowing into these platform blockchains to be used on-chain. Defi Lama reports that the total value of assets locked (TVL) into platform blockchains currently sits at ~US$179 billion. This represents a new all-time high and is up ~54% in the last three months. The newest of the platform blockchains to break into the Brave New Coin market cap top 10 is Solana. Just six months ago it was the 26th largest asset in the crypto space with a market capitalization of ~US$3.63 billion and the Solana price was US$13.88. Today, SOL is the 6th largest asset in the crypto space with a market capitalization of ~US$55.53 billion and the SOL price is US$187.89.
The market cap of SOL has grown 1,264% and its price has risen 1,125%. The asset continues to hit new all-time highs on a daily basis. The following article looks at the growing Solana ecosystem, considers the reasons for its strong performance in 2021, and examines what the technicals say about the Solana price.Solana has been one of the most resilient, alpha-generating crypto assets of 2021. On a brutal day of trading for the wider crypto markets, the September 7th flash crash saw Bitcoin (BTC) fall by ~10%, Ethereum (ETH) by ~14%, and Cardano (ADA) by ~16%. Solana was a fortress of strength for its holders during this period. Incredibly, the SOL price increased by ~7% as the rest of the market tanked.What is Solana?Solana (SOL) is a platform blockchain that focuses on delivering fast, cheap, and scalable smart contract solutions. The network has been described as idiosyncratic because of the unique method it uses to order transactions and achieve higher blockchain throughput. The network is powered by the SOL token which is used to interact and transact with the Solana blockchain.
Solana was founded by Anatoly Yakovenko in 2017. Yakovenko worked for Qualcomm and Dropbox before building Solana. Along with co-founders Greg Fitzgerald and Eric Williams, Yakovenko sought to build a blockchain that solved the throughput and scalability issues inherent with Bitcoin (BTC) and Ethereum (ETH), but without any trade-offs.Solana is a third-generation blockchain (as are Cardano, Tezos, and Polkadot). It seeks to challenge the incumbent centralized, legacy financial network by learning from and improving the architecture used by first and second generation blockchains such as Bitcoin and Ethereum.
Solana is currently running at approximately 1600 Transactions per second (TPS), which compares favourably to Ethereum which runs at 14 TPS. As the above table indicates, however, both networks are capable of processing higher throughputs. Solana is theoretically capable of a much higher throughput of up to 65,000 transactions per second (TPS).Much of the buzz surrounding Solana stems from the impressive performance capabilities of its blockchain network product. It offers fast transaction times at extremely low fees. Compared to other high throughput networks such as the Binance Smart Chain, Cardano, and Cosmos, it is also relatively decentralized having just over 900 validators.
Popular business and investment blogger Packy Mcormick writes glowingly about the Solana user experience in his blog, “the proof is in the experience,” he writes. “I’ve spent a bunch of time playing around with Solana - purchasing SOL on FTX.US, downloading a Phantom wallet, staking and unstaking, buying RAY on Raydium and staking that, and I have to say… It's really fast and really cheap. You don’t need to think twice about doing anything because it moves so quickly and costs so little. That’s the point. It feels like using the internet.”Solana price soars after mainnet launch
The Solana mainnet was launched in March 2021 and the network has rapidly gained users since then.The Total Value Locked into Solana DeFi has risen parabolically to US$5.67 billion. In the last three months, this number has risen by 534%. The most popular DeFi applications on Solana are Sayber and Raydium, two decentralized exchanges. Sayber, the top DeFi application on Solana, uses the Automated Market Maker model popularized by DeFi on Ethereum.Solana’s Non-Fungible Token ecosystem is also booming. On August 15th the launch of the Degenerate Ape Academy collection on the Solana chain capitalized on the NFT boom. The collection, made up of 10,000 pictures of cartoon apes, sold out in eight minutes. The overall volume reached almost 96,000 SOL on the day and in just over three weeks the total value of sales reached 774,000 SOL. At current Solana prices this equates to approximately US$134 million. The current floor price for Degenerate Apes is 83 SOL with the cost to mint Apes initially costing 6 SOL.Another popular NFT art collection is SOL Punks, the total value of sales has now reached 355,400 SOL. The floor price for SOL Punks is 14.85SOL. While the volume for Solana’s top collectible art projects is impressive, a knock against both of them is that they too closely resemble the two top NFT collections on Ethereum, Bored Ape Yacht Club, and CryptoPunks. One reason for the success of the Solana collections is the limited number of CryptoPunks and Bored Apes created on Ethereum. Degenerate Ape Academy and Sol Punks have created a second chance for NFT collectors to take part in the booming NFT market.
One possible drag on the Solana ecosystem is that it uses an alternative coding language to Ethereum and it is not EVM compatible. Unlike on the Binance Smart Chain, where projects can essentially copy-paste what has already been built on Ethereum and use the same Solidity tooling, Solana developers need to start from scratch. Solana is written in Rust, which has far fewer Dapp building developers on it than Ethereum.One of the biggest issues with using Solana is the lack of multifunctional block explorers or analytics platforms such as Etherscan. Analytics or data for fundamental analysis for the Solana blockchain is very limited - something the Solana development team says it is working towards fixing.
One positive consequence of Solana’s lack of EVM compatibility is there are far fewer cash grabs and scams on it than there are on direct Ethereum clone platforms like the Binance Smart Chain.One of the reasons Solana stands out from other platform blockchains is its unique architecture and technology base. Solana is a Proof-of-Stake blockchain that uses the same hashing function as Bitcoin, SHA-256. It uses a unique, trustless way to determine the time of a transaction called Proof-of-History (PoH).
The SHA-256 algorithm takes inputs from users and encrypts them to produce a unique output that is difficult to predict. Solana takes the output of a transaction and uses it as the input for the next hash. The order of the transactions is now inbuilt into the incoming hashed output. This is different from how the Bitcoin blockchain operates.The Solana PoH hashing process creates a long, unbroken chain of hashed transactions. This is designed to create a clear and verifiable order of transactions so that when a validator adds to a block, they don’t need to use a conventional timestamp.