IOTA Selected for European Blockchain Pre-Commercial Procurement Project

• IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT, has been chosen to take part in the next stage of testing and development for the European Blockchain Pre-Commercial Procurement.
• The purpose of the project is to investigate the feasibility of utilizing blockchain technology to improve current applications and develop new ones for the European Blockchain Services Infrastructure (EBSI).
• The goals of the EBSI include promoting cross-border mobility, reducing waste, ensuring compliance with E.U. regulations, fostering the growth of technology hubs and projects, and making digital services more reliable and trustworthy.

The European Union has selected IOTA, a cryptocurrency start-up leveraging blockchain technology and the Internet of Things (IoT), to take part in the next phase of their European Blockchain Pre-Commercial Procurement (PCP) project. This initiative is a collaborative effort between the European Commission and the European Blockchain Services Infrastructure (EBSI) to test and develop novel blockchain technology.

IOTA was chosen to take part in the next stage of testing and development due to their experience and expertise in the blockchain field. They have embraced the same core values as the EBSI, which has made them a natural fit for the project. The goal of the project is to investigate the feasibility of utilizing blockchain technology to both improve current applications and develop new ones for the EBSI.

The EBSI is an ambitious project that seeks to enhance pan-European blockchain services through a distributed ledger system. It has several goals, including promoting cross-border mobility, reducing waste, ensuring compliance with E.U. regulations, fostering the growth of technology hubs and projects, and making digital services more reliable and trustworthy.

IOTA believes that this project will not only benefit the European Union, but also the entire blockchain industry. Dominik Schiener, co-founder and chairman of the IOTA Foundation, said, “We are very confident in our ability to bring distributed ledger technology to the European market and look forward to the next phase.”

The European Commission and the EBSI will now work with IOTA to test and develop blockchain technology in order to improve current applications and create new ones. This is an exciting step forward for the blockchain industry, as it will help to bring the technology to a wider audience and promote its use in the public sector.

Social Media Criticized in FTX Bankruptcy Case

• James Bromley, an attorney defending debtors in the FTX bankruptcy case, has criticized social media for spreading information from FTX’s former chief executive officer, Sam Bankman-Fried.
• Bromley stated that if the judge were to grant an extension based on these claims, the debtors would be subject to “further assaults on Twitter” and similar issues.
• Bromley accused SBF and Friedberg of using social media to hurt creditors that submitted information to law enforcement.

James Bromley, an attorney representing the debtors in the FTX bankruptcy case, has expressed his concern with the impact of social media on the court proceedings. During a hearing on January 20th, 2023, Bromley spoke out against the use of Twitter, claiming that it had been used as a tool to spread information from FTX’s former chief executive officer, Sam Bankman-Fried. Furthermore, Bromley mentioned that the debtors had already been subject to “further assaults on Twitter”, and that if the judge were to grant an extension based on the claims of Bankman-Fried, the debtors would be further subjected to such online attacks.

Bromley also accused Bankman-Fried and his associates of using social media channels to hurt creditors that had submitted information to law enforcement. He argued that it was extremely difficult to cross-examine a tweet, especially one that was being published by someone who was the subject of a criminal prosecution.

The issue of social media’s influence on court proceedings has been a contentious one, with many arguing that the use of such platforms can be used to spread misinformation and distort the truth. Bromley’s comments on the matter show that this is an issue that needs to be taken seriously, as it can have a detrimental effect on the outcome of a case. It remains to be seen how the court will handle this situation, but it is clear that the use of social media must be carefully monitored in order to ensure that justice is served.

Women Take Control: 34% Now Own Cryptocurrency, Up from 29%

• A new report by eToro reveals that 34% of women now own cryptocurrency, up from 29% in the previous quarter.
• The report found that among cryptocurrency investors, the most popular reason for doing so is the opportunity to make high returns.
• A survey released by BlockFi in October 2022 found that women were still bullish on crypto, with 22% of respondents still open to buy bitcoin and altcoins in 2023.

Cryptocurrency adoption among female retail investors is on the rise according to a recent report released by eToro, a popular social trading platform. The Retail Investor Beat Q4 2022 report surveyed 10,000 retail investors across 13 countries and 3 continents and revealed that 34% of women now own cryptocurrency, up from 29% in the previous quarter. This makes digital assets the most widely owned asset class among women after cash.

The survey provides insight into the mindset of retail investors, revealing that the most popular reason for investing in cryptocurrencies is the opportunity to make high returns. Many also believe in the power of blockchain technology and think that cryptocurrencies are a transformative asset class. This rise in cryptocurrency adoption is significant, as it suggests that crypto is succeeding where traditional financial markets have sometimes failed to bring more women to the table.

The survey by eToro is not the only one that supports the growing adoption of digital assets among the female population. A survey released by BlockFi, a popular crypto lender, in October 2022 found that women were still bullish on crypto despite the challenges plaguing the market at the time. The survey showed that women still see crypto as a good investment vehicle, with 22% of respondents stating that they were still open to buy bitcoin and altcoins in 2023, and one in 10 women having chosen crypto as their first investment.

As the industry continues to mature, more and more women are becoming interested in cryptocurrencies and the potential they offer. This is largely due to the fact that digital assets are becoming more accessible to the average person, with many services now offering easy-to-use platforms for buying and selling digital currencies. And with the increasing number of educational resources available, more women are feeling confident about investing in cryptocurrency.

This increased adoption of cryptocurrency among female investors is not only good for the industry, but also for women. The report by eToro shows that women are making more informed decisions when it comes to investments, which can lead to better financial outcomes. Furthermore, it is also helping to break down traditional gender norms, as women are becoming more confident in investing in traditionally male-dominated asset classes.

Overall, the trend of increasing cryptocurrency adoption among women is a positive sign for the industry and suggests that more women are now feeling empowered to take control of their financial futures. As the cryptocurrency space continues to mature, it is likely that we will see more women taking part in the industry and taking full advantage of the opportunities that digital assets have to offer.