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The James Webb Space Telescope was built after 30 years of hard work. $10 billion was spent for the James Webb Space Telescope, then this telescope was built.

The James Webb Space Telescope, launched on December 25, 2001, has started sending new pictures to NASA today.

The pictures sent by the James Webb Space Telescope have made a splash all over the world and have been covered on the Internet.

In the last post we Moon Knight Episode In this post, we will know what is the James Webb Space Telescope and how it can see in the future and what the five-parameter image sent by it looks like.

What is the James Webb Space Telescope?

The James Webb Space Telescope is a telescope that is the most powerful telescope ever built by humans.

The James Webb Telescope can peek into the corners of the Universe that the Hubble Telescope cannot see.

The most important in the James Telescope is the Gold Mirror, which can catch even the faintest of light.

The mirror of the James Webb Telescope is 6.5 meters larger than the 2.5 meters mirror of the Hubble telescope.

And this is the reason why the James Webb Telescope can also see the 14 billion-year-old Big Bank, due to which our entire universe was made.

Telescope is an instrument that is used to observe distant objects, it is used to observe the galaxy.

In the olden days, Galileo saw the Milky Way for the first time through a telescope and the planet Jupiter was discovered through this telescope.

The James Webb Telescope is the most modern telescope in today’s time, it is many times more powerful than the Haval telescope.

The telescope was discovered on 25 September 1608 AD. And it was discovered by a person named Hans.

The James Webb Telescope was launched by NASA on 25 December 2001 and today it is sending amazing and high resolution pictures of the universe.

The James Webb Telescope is a project of NASA and the United States Space Agency and 15 more countries have also given their support.

About the James Webb Space Telescope

Jens West Patel It was launched on 25 December 2000 21 and its cost was one thousand crore usd dollars.

NASA was operating this telescope and its dimensions are 20.197m × 14.162m.

The James Webb Telescope is manufactured by Northrop Grumman, Ball Aerospace & Technologies.

At present the James Webb Space Telescope is working and sending high quality photos about 1.5 million kilometers from our Earth.

The James Webb Telescope is currently orbiting at the L2 point of the Earth and this is a point where sunlight cannot reach.

The James Webb Telescope at L2 point is observing our Universe in the spectrum of infrared light. At this place, this telescope is protected from sunlight and heat.

What happened in our Universe millions of years ago, that is, how stars and galaxies were formed, it is likely to be known through the James Webb Telescope.

James Webb Telescope has the ability to rewind time, that is why scientists are trying to understand what happened in our Universe millions of years ago through this telescope.

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How Does the James Webb Space Telescope See in the Past?

If you are sent to another planet about 3 thousand light years away from your earth and from there you are asked to look at the earth with a powerful telescope, then you will be able to see the view of the earth 3000 years ago.

That is, 3000 years ago, humans used to build Aegypson pyramids and you will be able to see that view, even if you will not be able to go in that time, but you will be able to see all those things with a powerful telescope.

Do you know where is such a telescope that can look at the galaxy millions of light years away. So the answer would be that that telescope is the James Webb Space Telescope.

Yes, you heard it right, the James Webb Space Telescope is a telescope that can see planets and galaxies located at a distance of millions of light years.

That is, with this telescope you will see the things thousands of light years away, you will see the pictures of those thousand years ago.

That is, it proves that the James Webb Telescope is like a time machine and it shows us the things of the past.

Some photos sent by James Webb

On July 12, NASA published 5 images sent by the James Webb Telescope and these images made a splash all over the world.

Image #1 SMACS 0723

SMACS 0723
SMACS 0723 – Photo : NASA

The camera in the James Telescope can be easily seen even in the past times of the Universe in deep space.

The Galactic Cluster can be seen in the first image sent by the James Telescope. And this first image has been named SMACS 0723.

In this photo you are able to see a star-like object but in reality it is not a star but the entire galaxy.

Like our Earth is part of the Milky Way Galaxy and it is spread over a million light years, similarly thousands of such galaxies can be seen in James Webb’s photo.

That is, in just one photo sent by James Webb, you can see thousands of galaxies at once.

In this photo you can also see some such galaxy which is about 13.1 billion light years away from our Earth.

That is, it has taken 13 billion years for the light to leave these galaxies to reach the James Webb Telescope. That is, the photo we are seeing today is a 13-year-old photo of the Galaxy.

Image #2 Carina Nebula

image carina nebula
Carina Nebula – Photo : NASA

The second photo captured by the James Webb Space Telescope is from a nursery that is 7600 light-years away from our Earth.

Known as the Carina Nebula, 7600 years ago can be seen being born in this nursery.

And the Carina Nebula is just one of thousands of nurseries in our Milky Way. The big rock you see in this photo is actually a huge reservoir of soil and gasses.

The reservoir of these gases is spread so far that their measurement from top to bottom is 7 light years. Where there is more dense gas, there are actually new stars being born.

We are able to see the photo of the star being born at a distance of thousands of light years only because of the James Webb Telescope.

Image #3 Southern Ring Nebula

Southern Ring Nebula
Southern Ring Nebula – Photo : NASA

The third photo sent by the James Webb Telescope is of the Southern Ring Nebula, a star that was breaking up and ending two and a half thousand years ago today.

In this photo taken by two different instruments NIRCAM and MIRI on the James Telescope, a huge bubble of gases and energy is visible and it is born from the collapse of this star.

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Image #4 Stephan’s Quintet

stephans quintet
stephans quintet – Photo : NASA

Stephan’s Quintet is the largest image ever taken by the James Webb Telescope. The resolution of this image is 150 Million Pixels.

A cluster of 5 galaxies can be seen in this photo, which has been named Stephan’s Quintet.

These five galaxies are moving at a very high speed and gradually these five are coming closer to each other. Space astronomers say that one day these five galaxies will collide.

At present, this galaxy is 300 million light years away from our Earth, that is, this photo of the same day ago.

It may be that in today’s time these five galaxies would have collided with each other, but its light will take the next 300 million years to reach the earth.

Image #5 WASP 96 b

The fifth image of the James Webb Telescope is WASP 96 b and it is 1120 light-years away from our Earth.

There is such an exoplanet 1120 light years away from our Earth, whose photo has been taken in James Webb. And there seems to be a possibility of life on this exoplanet.

Exoplanets are called those that revolve around their star. One day of this exoplanet has been measured to be equal to 3 and a half days of our Earth.

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What is the main purpose of the James Webb Telescope?

The main objective of the James Webb Telescope is to uncover the mystery behind the formation of the universe. With the help of this telescope, scientists can see what has only been imagined till date to see.

The James Webb Telescope is going to reveal many unsolved mysteries of the universe because it is the most powerful telescope ever.

This telescope, built after 30 years of hard work of scientists and spending 75 thousand crores, will help a lot in understanding the infinite universe.

PRESS RELEASE. SingaporeGame Space is proud to announce the release of Merge Bird on its GameFi-as-a-Service (GaaS) platform. Merge Bird is an on-chain version of the once-popular game ‘Flappy Bird’. Game Space has chosen it as the first on-chain version to pay tribute to the tenth anniversary of ‘Flappy Bird’.

Game Space will also AirDrop 500 bird NFTs to the community from May 9th to May 12th. Users can participate in the Merge Bird NFT airdrop event as well as receive huge prizes from being in the top 1000 leaderboard rankings. Users should not miss out on this incredible event. They can follow Game Space’s official Twitter and Telegram communities to find out how to join the whitelist event or by going to: https://u.game.space/whitelist

The Game Space Wallet App and Merge Bird game is available on IOS and Android. Users can also download the Game Space Wallet App and Merge Bird game through the Official Game Space website at https://game.space/en-us/download

About Game Space

Game Space releases games on their GameFi-as-a-Service Platform. It can help AAA gaming companies and titles to release on-chain functionality in a matter of days through their integrated SDK, as well as an NFT transaction engine that can be embedded in games, which can help GameFi projects shorten the launch time by half a year and greatly reduce the threshold for gaming companies to enter Web3.

Social Links

For more details on the event and how to join their airdrop whitelist:

Follow their official Twitter account https://twitter.com/Gamespace_NFTs

Join their official Telegram community at https://t.me/gamespace_nft

Check out their additional Social Media at https://linktr.ee/Gamespacenft

Media Contact

Brand: Game Space

Contact: Media team

E-mail: contact@game.space

Website: https://game.space

SOURCE: Game Space

 


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Members of the European Parliament have approved a controversial regulation that could undermine the decentralized finance (defi) sector in the EU. Some of its provisions, which are yet to be coordinated with other European institutions, aim to introduce restrictive measures for transactions involving privately managed crypto wallets.

EU Parliament Moves to Introduce Verification for Defi Wallets

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) supported on Thursday the Transfer of Funds Regulation (TFR). Among other provisions, the TFR obliges crypto service providers to apply stringent anti-money laundering measures in regards to cryptocurrency transactions, including those to and from ‘unhosted’ wallets.

A majority of the ECON members backed the text which requires crypto platforms to keep, verify, and share transaction data with financial authorities. According to a report by the German crypto news outlet BTC Echo, the procedures apply to transfers of amounts from €1,000, but a press release noted that as crypto transactions often circumvent threshold-based rules, “the MEPs decided therefore to remove minimum thresholds and exemptions for low-value transfers.”

Under the TFR, all crypto transfers will have to include information identifying the source of the assets and the recipient. The authors of the draft want to ensure that such transactions can be traced and blocked if they are deemed suspicious. However, “the rules would not apply to person-to-person transfers conducted without a provider, such as bitcoins trading platforms, or among providers acting on their own behalf,” the Parliament’s press service noted.

Furthermore, processors of crypto transactions will be able to stop transfers originating from or sent to non-compliant providers. That’s according to another provision which was supported as well. The regulation was also passed by the Civil Liberties, Justice and Home Affairs (LIBE) committee. The official announcement suggesting that the new rules are designed to stop illicit flows in the EU provided the lawmakers’ main motive noting:

Crypto-assets’ transfers would need to be traced and identified to prevent their use in money laundering, terrorist financing, and other crimes.

TFR Decision Viewed by Industry as Setback for Europe’s Crypto Space

If it’s not challenged, the draft will move to the trilogue stage, the next phase of the EU’s legislative process, during which it must be agreed upon with the European Commission and the Council of the European Union. The institutions are also discussing the Markets in Crypto Assets (MiCA) framework proposal, which recently advanced without its own controversial text that would have effectively prohibited proof-of-work (PoW) currencies like bitcoin.

Just like the PoW ban, the TFR paragraphs sparked negative reactions from the Old Continent’s crypto community. “The obligation to verify unhosted wallets is not only a serious invasion of people’s privacy, but would also have serious consequences for the defi ecosystem in Europe,” said Peter Grosskopf, co-founder of Unstoppable Finance.

Industry watchers not only consider these regulations an attempt to ban unhosted wallets and restrict the defi sector, but also warn that Europe’s prospects as a crypto destination are under threat. The new rules would significantly restrict the scope of business operations for many companies in the crypto sector. Grosskopf described the move as a “huge economic, financial and social setback for the defi space.”

Tags in this story
Bitcoin, crypto wallets, Cryptocurrency, DeFi, ECON, EU, Europe, european commission, European Parliament, European Union, lawmakers, LIBE, members, MiCA, Regulation, Regulations, rules crypto, TFR, unhosted wallets, Wallets

Do you expect the institutions in Brussels to adopt the strict crypto regulations? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Space, the final frontier. The long and exciting journey through vast, dark, deep space with a fleet of your own. The release of the alpha version of the play-to-earn metaverse game DEEPSPACE (DPS) opens up a brand new chapter of the metaverse world for all those who love space exploration, fleet building and formation, and peer-to-peer battles.

Introduction: DEEPSPACE (DPS) is a Play-to-Earn space multiverse exploration strategy game on the Binance Smart Chain (BSC). Earn passive income from holding $DPS, trading NFTs, and taking risks as you explore DEEPSPACE with your fleet of ships. Prepare to explore, harvest, and fight your way through the DEEPSPACE (DPS) universe. Join the community on Twitter, Telegram, Discord, Reddit, YouTube, and Instagram.

Building Your Own Fleet to Launch Into Space

As the metaverse gaming world becomes more thriving and diverse, space exploration and battles fans finally welcome the Alpha release of the space-themed, play-to-earn game with a strong emphasis on fleets. Even the name of this metaverse space game sounds profoundly familiar — The Star Trek Deep Space Nine series, which was aired between 1993 and 1999, has become the classic collective memory of many hardcore science fiction and space fans. Even though as gamers we will not witness the witty and funny day-to-day conversations among the DS9 space station crew, there is the real fun of building a fleet of your own ships to explore the vast, dark universe in a strikingly realistic experience.

Once I successfully registered to the alpha and got accepted into the game, the first thing I looked at was how to acquire my first ships. To prepare for your first space exploration, a fleet is needed. At the alpha stage, since players cannot engage in real peer-to-peer combat yet, one ship is good enough to kick-start the exploration.

DEEPSPACE developed NFT ships that contain three main traits: ship type, ship core, and ship stats.

The four ship types include: fighting ships equipped with state-of-the-art weapons technologies that deal incredible damage; tank ships which are designed for managing enemy engagements, longevity, and withstanding lots of damage; mining ships specially engineered for efficient resource collection; and last but not least, support ships that are focused on utility and boosting the capabilities of your other ships.

Strategy and Space Gamers Get Their Own Play-to-Earn Metaverse Full of Cool NFTs — DEEPSPACE (DPS) Alpha Review

In addition to the ship types, each ship also has 8 stats, or to be more precise, their strengths and weaknesses. The 8 stats are: attack, shield, special attack, special defense, luck, mining, health, and speed. If you lay out the number of each stat on an octagram, you can easily see on which aspect is the ship more powerful than the others. The stats are determined by verifiable randomness and are weighted by the ship’s class.

The concept of ship cores is quite interesting. Each NFT ship has a unique core, or property, of one of the four types: fission, magnetic, mechanical, and plasma. The ship cores determine if your ship has a type advantage over other ships, making your ships more effective at their roles. For example, magnetic ships have an advantage over mechanical ships, and mechanical ships are likely to overpower plasma ships. The combination of ship cores and ship stats creates a lot more possibilities for winning the battles in deep space. What’s more, cores can also be used to create semi-fungible token (SFT) upgrades for other ships.

Strategy and Space Gamers Get Their Own Play-to-Earn Metaverse Full of Cool NFTs — DEEPSPACE (DPS) Alpha Review

For me, I had a lot of fun minting a ship with 100 DPS, the DEEPSPACE native token. I like going over the NFT ship traits and calculating the best combination of a fleet which covers all the main functionalities I’ll need for my future space exploration (such as fighting and mining). Minting a ship also comes with the inexhaustible pleasure of winning a lottery ticket and opening loot boxes. I just wish the NFT ship-trading search engine could also provide a filter for colors — yes, I have a thing for pink battleships and I scrolled down endless pages to find one which I could afford.

Once four ships are acquired (either by purchasing or by minting), they will appear in the inventory. It’s important to “lock” them. By locking the battleships, they will be sent to the DEEPSPACE game and can be launched from the hanger. Why four ships? Because I don’t want to miss that cool scene of all four launch pads in my hanger being filled!

Strategy and Space Gamers Get Their Own Play-to-Earn Metaverse Full of Cool NFTs — DEEPSPACE (DPS) Alpha Review

A Realistic Representation of Deep Space Travel

Many science fiction and space-themed artworks tend to over-romanticize the space travel experience. Such experiences are often depicted as an iconic scene on a fancy and posh looking spaceship bridge with beautiful people wearing sharp uniforms and holding coffee mugs. The lighting is warm and everybody is relaxed. No, this is not the real deep space experience. This is just Hollywood’s version of deep space.

In the metaverse deep space, the space is dark and vast. There are meteor showers and meteorite belts that hit your ship and you have to dodge them. There are intimidating rival ships on your tail. And mostly, the space travel is long and lonely. When you can’t find a convenient wormhole to warp through, you need to navigate the endless void with a clear goal of your destination. This is the realistic part of a deep space experience.

In the metaverse of DEEPSPACE (DPS), there are seven planets and each of them has its own unique lore and natural resources. The seven planets — Mitra, Gelida, Athena, Tyranus, Vorvoid, Melas, and Chaldene — shine in the dark emptiness with a unique bright color. After launching from the hanger, locating the wormhole, and avoiding all the meteor attacks, the first and nearest planet I could visit was Chaldene. After a planet is visited, it is added to the journal for the convenience of future travels.

Strategy and Space Gamers Get Their Own Play-to-Earn Metaverse Full of Cool NFTs — DEEPSPACE (DPS) Alpha Review

Chaldene, for example, is a beautiful light blue planet colonized, domesticated, and owned by the galactic government for players to mine for very basic resources. Mining resources on this planet is safe and involves very little risk. Melas, on the other hand, is an enormous plasma planet that has constant, ongoing nuclear fusion which emits light in visible, UV, and infrared form. Only specially equipped ships can venture here.

Once a player discovers a new planet and approaches it, there are options to mine and gather natural resources or to start a battle — a fight to the death. Not all planets welcome battles and not all planets are safe to mine.

On Twitter, the DEEPSPACE (DPS) official account is holding a competition for the best DEEPSPACE Alpha Game footage. For those who didn’t get a chance to play the alpha game, it’s a great opportunity to see the amazing graphics that the alpha has already achieved.

Explore, Mine, Harvest, and Earn!

As a play-to-earn metaverse space game, DEEPSPACE’s main player revenue comes from mining resources, upgrading and trading ships, fighting and winning battles, and claiming real estate for passive income.

John Wear, part of the DEEPSPACE (DPS) Core team, said in a recent interview about DEEPSPACE and its GameFi, “Having a game that is actually fun is a crucial aspect in keeping balance for the in-game economy because you cannot rely on new player inflow exceeding active player’s in-game demand forever. This is why we are making it a priority to keep our game rewarding, engaging, and entertaining over time for already active players. We’re looking to put the “game” in Gamefi. Many games out there are masked casinos or fancy staking processes. We are focusing on building a fun to play, immersive and addicting game to be enjoyed by both gamers and crypto enthusiasts alike.”

According to the DEEPSPACE (DPS) team, in Q2 this year, the mining and fighting mechanism will be enabled in this metaverse game. I already can’t wait to see it happen.

 

Will you be an ambitious fighter and conqueror, or a diligent explorer and miner in this metaverse space game?

Neomi

An author from China with experience covering art, music, culture, tech, and travel. Bitcoin.com News sent her into the metaverse to capture the feeling of a pioneer entering this new reality.




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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

PRESS RELEASE. NASDAQ and Times Square, New York – March 3, 2022: Brooke Shields, Make International and CasperAssociation have joined forces with leading global cybersecurity, AI, Blockchain and IoT company WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY) to unveil an industry-first Non-Fungible Token (NFT) minted from space on the Casper Blockchain featuring authenticated photography in cooperation with actor, model, entrepreneur, and author Brooke Shields.

The NFT, containing a one-of-a-kind photo of Brooke Shields from her private collection, was sent by a WISeSat space satellite — marking the first NFT ever to be minted in space. The launch occurred following the successful orbit deployment of several WISeSats on the SpaceX Transporter 3 Rideshare mission earlier this year.

Brooke Shields’ participation was made possible by the actor’s partnership with MAKE International, a blockchain technology services company currently developing her NFT project, scheduled to drop later this year.

“Protecting the integrity of my brand and life’s work has always been a priority for me. With the blockchain solution from WISeKey, Casper Network and MAKE International, I now have a sophisticated way of securing and authenticating this important and personal series of photographs,” said Shields.

Ralf Kubli, Board Member of the Casper Association, said, “The NFT space has developed very rapidly and seen a lot of high profile launches, but to date the technology has not kept up. Combining WISeKey’s space-minting technology and the Casper Blockchain, with its uncompromising focus on security and performance, represents a giant leap forward in future-proofing NFT technology.”

Alex Kelly, CEO of MAKE international, added, “Celebrities spend a lifetime building and creating their content portfolio, and when it comes to commercializing this via NFTs, without secure minting and storage, its value can vaporize in an instant. This project marks the beginning of elevating the standards for secure value creation from celebrity content, an area MAKE International and its partners will be at the forefront of.”

Carlos Moreira, CEO of WISeKey, noted, “The launch of this new NFT from space marks a huge milestone for the NFT industry. The iconic photograph of legendary Brooke Shields will forever be secure, minted in space as an NFT to ensure the authenticity and legacy of the original work.”

“WISeKey’s NFT technology ensures that besides an authenticated and signed version of the actual digital asset, an irreversible link to a physical object can be created by providing a proof of ownership, provenance and relevant contracts describing future use and monetization streams remain forever and immutably verifiable on the blockchain. WISe.ART Marketplace platform, powered and secured by WISeKey’s own security technology, binds irrevocably physical objects to their digital assets in a safe end-to-end process, and includes permanent secured storage of the NFTs.”

The secure WISe.Art NFT is powered by the underlying Casper blockchain, an environmentally friendly Proof-of-Stake (PoS) protocol and the first live PoS blockchain built off the Casper CBC specification. Casper and CasperLabs are working to accelerate enterprise adoption of blockchain technology and be a new home for the global technologically savvy crypto developer community with NFTs being the main medium.

The minting of the NFT coincided with the MWC 2022 event in Barcelona, which took place from February 28 until March 3, and marks a momentous annual milestone for the latest and greatest in mobile technology and innovation globally, and was contemporaneously announced by Brooke Shields at a ceremony in New York City

About Casper Association

The Casper Association is the not-for-profit entity that oversees the ongoing evolution and decentralization of the Casper Blockchain. It provides resources to help accelerate the adoption of the Casper proof of stake (PoS) layer 1 protocol and its growing ecosystem of decentralized applications. Casper is designed to make full use of open web programming standards to quickly build blockchain applications that meet the needs of startups as well as enterprise environments. To learn more, please visit https://casper.network

About MAKE International, Inc.
MAKE International is a globally-focused blockchain technology services company that helps its clients by designing and building the world’s most impactful blockchain applications and services to connect people and businesses. Through its extensive experience, MAKE International is uniquely positioned to create revenue, save costs and improve business processes for SMBs, large enterprises and government entities alike. For more information, visit www.makeinternational.io.

About WISeKey

WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Media Contact:

Katie Olver, Cryptoland PR, casper@cryptolandpr.com, US: 866-586-5603, SOURCE: Casper Association

Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets.

Tinkoff Bank Buys Stake in Aximetria

TCS Group Holding, the owner of the Russian Tinkoff Bank, has reportedly acquired a controlling stake in the crypto company Aximetria. Official numbers are yet to be announced but according to The Bell, which broke the news quoting financial market sources, TCS Group may now control up to 83.2% of the Swiss-incorporated entity which was founded by Russians.

Quoted documents from Aximetria reveal that on Nov. 9, TCS Group bought 4,449 shares at 100 Swiss francs ($110) each, and the total share capital of the company amounted to 534,700 francs. Its representatives told the news portal that the details of the transaction will be published in accordance with the established disclosure standards in the group’s annual reports.

Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition

“Aximetria will develop as part of the international expansion of the Tinkoff Group in compliance with all the requirements of the jurisdictions of international presence,” the company added. Its website confirms the acquisition, noting that the startup is already part of TCS Group Holding PLC. It also points out that Aximetria was among the first companies to receive permission from the Swiss Financial Market Supervisory Authority (Finma) to process crypto transactions.

In an interview with CNBC last year, Tinkoff Group CEO Oliver Hughes stated that although investors who want to put money into cryptocurrency are qualified and know what to do, Tinkoff Bank is unable to provide them with such services because of the stance of the Russian financial regulator on the matter. “Currently, we don’t have a mechanism to offer them this product in Russia, because the Central Bank is taking a very tough position,” Hughes commented.

Deal Deemed Positive for Crypto Sector

Commenting on the acquisition, Nikita Zuborev, senior analyst at crypto exchange aggregator Bestchange.ru, told the Russian business news portal RBC that any inflow of capital from the traditional financial market into the crypto space can be regarded as a positive long-term factor and a certain guarantee for stability and acceptance. He emphasized that the deal will open another gateway between the traditional financial system and the crypto industry.

Maria Stankevich, director of development at Exmo, a leading cryptocurrency exchange in Eastern Europe, remarked that the purchase of a crypto startup by Tinkoff Bank’s parent company is “interesting and bold” for the Russian market. She expects this investment to compel other Russian banks, like Alfa-Bank for example, to think about similar opportunities.

Even after the adoption of the law “On Digital Financial Assets,” which went into force a year ago, cryptocurrencies and related activities are yet to be comprehensively regulated in the Russian Federation. The Central Bank of Russia remains opposed to their legalization and wants to restrict crypto investments for Russian citizens.

Recently, Russia’s largest and state-owned banking institution, Sberbank, also ventured into the crypto space by offering the country’s first blockchain ETF. The instrument was introduced to the market despite a statement by Bank of Russia’s Governor Elvira Nabiullina in October insisting that the monetary authority was not prepared to allow the trading of bitcoin ETFs.

Tags in this story
Acquisition, Aximetria, Bank, Crypto, crypto company, Crypto Startup, Cryptocurrencies, Cryptocurrency, Deal, ETF, Neobank, Russia, russian, Sberbank, shares, stake, TCS Group Holding, Tinkoff, Tinkoff Bank

Do you expect more Russian banks to acquire stakes in crypto companies? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Play a brand new crash game on Bitcoin.com’s crypto casino brought to you by BGaming!

First-Ever Space Crash Game on Bitcoin.com Games

Crash gambling is a type of casino gaming genre that includes a pretty simple and fun-to-play mechanic. It is relatively new and is oftentimes found to capture the imagination of modern-age gamers that like to multiply their thrill with insane money multipliers. Crash games have found a niche spot among Bitcoin gaming enthusiasts as it closely resembles the nature of cryptocurrency charts and the thumb-rule of ‘getting out at the right time’ before the market crashes.

Now, our crypto casino Bitcoin.com Games is bringing you a novel crash game in coordination with one of the hottest gaming providers in the crypto casino industry BGaming. A completely new kind of adrenaline rush awaits in the first-of-its-kind crash game, Space XY, where players get to fly a spacecraft towards galactic interspace. Traversing through the X and Y coordinates, the space rocket reaches new money multipliers as it flies higher and higher.

Bitcoin.com Games Releases its Very First Crash Game Space XY

Players can place bets on how high the rocket will go and hop off at the right time to cashout out up to 10,000x their bet amount

Placing bets before the flight and hopping off at the right time can reward players with massive winnings of up to 10,000x their bet amount. Players can also place multiple bets during the time of flight if they wish to maximize their gains. The autoplay feature within the game also allows players to leave the rocket once an exact multiplier is reached.

Space XY is a supremely fun game with exciting gameplay that arguably remains unrivaled by any other type of online casino game. Check out this newly added game from BGaming now on Bitcoin.com Games!

What do you think about Space XY? Let us know what you think about this subject in the comments section below.


Tags in this story
BCH, Bitcoin, BTC, Casino, Crash, crash game, Cryptocurrency, game, Games, Jackpot, online casino, Online Casino Gaming, Play, space, space xy, Win

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EverRise is a blockchain technology company that offers bridging and security solutions across blockchains through an ecosystem of decentralized applications. Through their innovative security focused ecosystem, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more on the way.

Jenn Duong is the Director of Marketing at EverRise. She recently joined the Bitcoin.com News Podcast to talk about the project:

EverRise Director Jenn Duong on Developing Secure dApps and the Issues Facing the DeFi Space

Jenn Duong is the Director of Marketing at EverRise. Her experience and background is rooted in brand development and creative content. As a creative bridging the gap between millennial and Gen Z storytelling, she has an extensive background in brand development, digital content creation, and go-to-market strategies. Some of her client work includes Samsung, VICE, Google, YouTube, YETI, and UN Women.


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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.