XRP, the token closely associated with Ripple Labs, and MKR, the governance token of the peer-to-peer lending platform Maker, are the only payment-focused cryptocurrencies that are on the rise in “Uptober,” a month that has historically been favorable for digital assets.
The sell-off we observed when the PCE report was released last month appears to be continuing in the current downward trend in the bitcoin market.
The Personal Consumption Expenditures Index, the Fed’s preferred inflation gauge, increased 6.2% during the year to August compared to 6.3% during the year to July, according to the data that were made public.
According to economists surveyed by US media, the so-called PCE Index was only supposed to grow by 6% from August of last year to August. Monthly, the PCE Index increased in August by 0.3% from a prior decrease of 0.1%, outpacing July’s growth by 0.1%. Only a 0.2% monthly growth in August was what economists had predicted.
According to data from CoinMarketCap, MKR last changed hands at $960, up 12% over the past week, while XRP recently traded at roughly 50 cents, marking a rise of 5% over the previous seven days.
Market leaders bitcoin (BTC) and ether (ETH), both exhibiting negative performance in both daily and weekly timelines, were barely altered, trading about $19,000 and $1,280, respectively.
In anticipation of a speedy resolution to the protracted legal dispute between Ripple Labs, a San Francisco-based company with close ties to the crypto currency, and the U.S. Securities and Exchange Commission, XRP has outperformed the general market this month.
The XRP community rejoiced on September 29, 2022, when a U.S. District Court Judge ordered the disclosure of information regarding a speech given in 2018 by William Hinman, who was then the director of the SEC’s division of corporation finance.
In that lecture, Himnan claimed that ether, the second-largest crypto currency, was not a security; this is the argument that Ripple Labs is using to refute the SEC’s claim that Ripple broke the law when it raised $1.3 billion from investors by selling XRP between 2013 and 2020.
In December 2020, the SEC filed a lawsuit against Ripple.
Additionally, the SEC and Ripple Labs submitted a “summary judgment” filing. A summary judgment is a judicial procedure where a judge makes a decision based on the evidence presented without scheduling a trial, increasing the likelihood that a decision will be made by the end of the year.
Traders are responding favorably to this news because, if Ripple prevails, it will significantly reduce market uncertainty for XRP.
A day after Tyler Winklevoss, co-founder of the crypto currency exchange Gemini and a seasoned investor in cryptocurrencies, posted a suggestion on the Maker forum to encourage the adoption of the Gemini dollar (GUSD) stablecoin in the latter’s ecosystem, MKR rose to a four-week high.
In his three-month marketing incentive plan, Winklevoss suggested that Gemini pay a fixed annual interest of 1.25% on the entire amount of GUSD stored in MakerDAO’s vault.
According to Fed Vice Chair Lael Brainard on Friday, U.S. inflation is still “very high” and may continue to surprise as the Federal Reserve works to control the worst price pressures for Americans in forty years. She went on to say that for a while, “in order to have faith that inflation is returning to goal,” restrictive monetary policy would be necessary.
The Fed has raised interest rates by 300 points this year from a base of just 25 points in February in an effort to fight inflation.
The results revealed that despite significant decreases in gasoline prices over the previous three months, the Fed’s fight against inflation had hardly abated.
The Fed has recently issued warnings that it will continue raising interest rates, which it started doing in March to combat inflation.
Payment-focused tokens are probably going to lose some of their current bullish momentum even though more interest rate hikes are anticipated since more and more investors are rushing to hold cash because another rise in interest rates will signal disaster for riskier assets.
5 Countries offering Digital workaholics Remote working Visas
“As a national from a specific country with digital expertise, there sometimes comes the need to change location for some needed work experience in another country, knowing the existence of such needed, we compiled a list of 5 countries that grant remote working visas specifically to digital experts.”
As a national from a specific country with digital expertise, there sometimes comes the need to change location for some needed work experience in another country, knowing the existence of such needed, we compiled a list of 5 countries that grant remote working visas specifically to digital experts.
The list is as follow;
Barbados, the country allows the granting of remote work visa that allows people to legally work and live in the country for a period of at least 12 months with an option of extension with their family.
The country has been offering this privilege since the middle of the year 2020, in the wake of the Covid 19 pandemic that threatened most of the world’s population two years ago.
Then there is the Bermuda, they allow foreign nationals apply for long term visitor’s residential certificate if a foreign national wishes to work remotely from the country either alone or in the company of their family.
Interested party can apply for a residential certificate if they wish to become long term visitors to be able to access its day to day services.
Dubai also provides remote workers from across the world with a year virtual working visa that allows them to live alone or with their family while they work. The applicant of this program will be able to enroll their children to Dubai’s schools during the duration of their working visa.
Since August 2020, almost the same time as Barbados began offering remote working visas, citizens from close to 95 countries have been able to visit Georgia and conduct remote employment for a period of 180 days under its state program, ‘Remotely from Georgia’
Estonia, is one country that has built the infrastructure that supports remote working. Its city, Tallinn is one of the emerging cities for startup founders and could become a Silicon valley of sorts someday.
According to the local talent index, it also allows remote workers by granting foreign nationals remote working visas.
Foreign Companies ready to Offer Job Opportunities without Visas
“This sure looks quite like a fantasy, something regarded as too good to be true, but it is only too good to be true because your attention hasn’t been brought to them.”
From your perspective, your wish is to align with some foreign company or perhaps foreign companies that’ll get to offer you employment opportunities that don’t require you stepping out of your country for them till the opportunity to do so comes.
Of course, it is all about gathering the experience and working your way up the ladder while building on your CV; hence you are very much appreciative of the chance to do that with companies that already have big platforms and the name to further your development.
This sure looks quite like a fantasy, something regarded as too good to be true, but it is only too good to be true because your attention hasn’t been brought to them.
So which are the companies that give foreigners the chance to be a part of its team even without a visa or needing to leave their home country just to align with them?
Consensys; this company works with infrastructural products and services for Ethereum ecosystems and is ready to provide remote employment opportunities for prospective employees ready to do technical and design based works, which of course aren’t the only areas it specializes on as there are other departments and opportunities within the company.
The company has flexible work arrangements and there is no hiding the fact that it offers its employees unlimited vacations when need be.
ModSquad; this company has been in existence since 2007, and its interests are in providing Customer Experience Services for its clients around the world such as the AE, Warner Bros, PBS, Vimeo and the NFFL that it boasts of being part of its clientele. This company operates primarily as a remote based company that also assists non-profit organizations.
Polygon; this company like Consensys, also operates as an Ethereum service based company that helps scale ethereum in the fastest and most secure manner for its clients. It offers remote working opportunities to interested applicants looking for entry based jobs in the remote field.
Superside.com, so what about this company? For those interested in the design line, this company is dedicated to hiring the best creatives that could do well building frictionless design ops platforms. They have engaged in services with Amazon, Meta/ Facebook, Coinbase, Puma, Sales Force amongst many others.
The company has over 700 people working with them in fields like project management, Creative fields, Sales & marketing and other various fields.
Toptal; this is basically a freelancer site that works with Kraft & Heinz, Bridgestone, Duolingo, Shopify. They offer freelancers job opportunities to get hired by people in need of their services as they are a global service based company. They offer flexible working hours and also career opportunities ranging from engineering to design.
Archive test Prep; one thing about this company is that, its services are centered towards tutoring and helping out students pass exams specifically for nursing schools or business major. They are regarded as one of the top 100 companies that offer work from home privileges and training on the job roles for interested persons.
So if you are looking to build your experience in teaching and work on your CV, before ultimately making the move abroad, this might be a platform that might require your expertise and skills.
Purple Real Estate establishes Partnerships to provide Lekki an all Inclusive living
“The unique living experience will be ushered in collaboration with one of the world’s leading figures in ownership and operations of serviced residences, Ascott Limited.”
It’s the primary need of every human; to get what we need. At times what we need varies from what the next door neighbor needs, and bearing such in mind, Purple Real Estate Income Limited have organized some partnerships that will see them cater to the needs of various people when it comes to real estate.
The real estate investment platform sees a partnership with Genesis Cinemas, The ventures park and the Market Square to be the anchor tenants at the Purple Lekki.
The Purple Lekki is an investment that was developed for an opening date of mid to late 2022.
It has the size space of 38,000 square metre that covers 157 unit meant to blend high quality residence with retail, hospitality together with entertainment and co-working space as it aims to provide an all inclusive living.
Its construction is financed by the Bank of Industry with guarantees from Keystone Bank.
The goal is said to be fostered by the need to build strategic alliances with local and international development partners in order to construct and deliver quality estates in specific locations.
In addition to establishing modern private offices, boutiques and department stores, the real estate platform aims to provide a dedicated tech and data space that supports business tenants.
With an added advantage, Purple Lekki seeks to provide a space that allows for collaboration between tech-empowered communities in need of top tier working structures or estates.
The idea is to make the Lekki area of Lagos State very much attractive for living and working, as well as for leisure.
The unique living experience will be ushered in collaboration with one of the world’s leading figures in ownership and operations of serviced residences, Ascott Limited.
It is said to be located on Freedom Way in the Lekki Phase 1 area of Lagos with its development including a few concept bars and restaurants meant to offer leisure as part of an experiment for Purple Way.
According to its CEO, Laide Agboola, the mission is to accelerate investment and growth in the Nigeria real estate industry.
“PurpleLekki enables holistic living, encouraging inclusion and communities, best-in-class entertainment and productive atmospheres for work that enable social and economic mobility and opportunity.” He explained, adding that;
“Purple is so much more than just a real estate company; we are shaping the market for real estate in the future and helping to define how a new generation wants the world to be. In Purple, you have a partner ready to realise a vision that creates space for us all.”
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