| 
| Oasis Network 
| #ROSE
|
| ROSE Price: | $0.041 | | Volume: | $5.9 M | | All Time High: | $0.60 | | Market Cap: | $0.3 B |
|
| Circulating Supply: | 6,542,267,493 |
| Exchanges: | 15
| | Total Supply: | 10,000,000,000 |
| Markets: | 33
| | Max Supply: | 10,000,000,000 |
| Pairs: | 35
|
|
The price of #ROSE today is $0.041 USD.
The lowest ROSE price for this period was $0, the highest was $0.041, and the exact current price of one ROSE crypto coin is $0.04138.
The all-time high ROSE coin price was $0.60.
Use our custom price calculator to see the hypothetical price of ROSE with market cap of BTC or other crypto coins. |
The code for Oasis Network is #ROSE.
Oasis Network is 2.9 years old. |
The current market capitalization for Oasis Network is $270,724,374.
Oasis Network is ranked #102 out of all coins, by market cap (and other factors). |
There is a big volume of trading today on #ROSE.
Today's 24-hour trading volume across all exchanges for Oasis Network is $5,947,425. |
| The circulating supply of ROSE is 6,542,267,493 coins, which is 65% of the maximum coin supply. |
ROSE is the native coin for the Oasis blockchain.
View the full list of Oasis blockchain tokens. |
Oasis Labs Partners with Meta to Assess Fairness for its AI Models using Cutting-edge Privacy…
Oasis Labs Partners with Meta to Assess Fairness for its AI Models using Cutting-edge Privacy Technologies — A first-of-its kind initiative enabling inclusiveness and fairness. — We are excited to announce our partnership with Meta, and the launch of a platform to assess fairness in Meta’s products, while protecting people’s privacy. As Meta’s technology partner, Oasis Labs built the platform that uses Secure Multi-Party Computation (SMPC) to safeguard information as Meta asks users on Instagram to take a survey in which they can voluntarily share their race or ethnicity. The project will advance fairness measurement in AI models, which will positively impact the lives of individuals across the globe and benefit society as a whole. This first-of-its-kind platform will play a major role in an initiative that is an important step towards identifying whether an AI model is fair and allowing for appropriate mitigation.How the platform will assess fairness in AI models Meta’s Responsible AI, Instagram Equity, and Civil Rights teams are introducing an off-platform survey to people who use Instagram. Users will be asked to share their race and/or ethnicity on a voluntary basis. The data, collected by a third-party survey provider, will be secret-shared with third-party facilitators in a way such that the user’s survey responses cannot be learned by either the facilitators or Meta. The measurement is then compu... 
|
Oasis Labs Partners with Meta to Assess Fairness for its AI Models using Cutting-edge Privacy…
Oasis Labs Partners with Meta to Assess Fairness for its AI Models using Cutting-edge Privacy Technologies — A first-of-its kind initiative enabling inclusiveness and fairness. — We are excited to announce our partnership with Meta, and the launch of a platform to assess fairness in Meta’s products, while protecting people’s privacy. As Meta’s technology partner, Oasis Labs built the platform that uses Secure Multi-Party Computation (SMPC) to safeguard information as Meta asks users on Instagram to take a survey in which they can voluntarily share their race or ethnicity. The project will advance fairness measurement in AI models, which will positively impact the lives of individuals across the globe and benefit society as a whole. This first-of-its-kind platform will play a major role in an initiative that is an important step towards identifying whether an AI model is fair and allowing for appropriate mitigation.How the platform will assess fairness in AI models Meta’s Responsible AI, Instagram Equity, and Civil Rights teams are introducing an off-platform survey to people who use Instagram. Users will be asked to share their race and/or ethnicity on a voluntary basis. The data, collected by a third-party survey provider, will be secret-shared with third-party facilitators in a way such that the user’s survey responses cannot be learned by either the facilitators or Meta. The measurement is then compu...
| 
Vietnamese Prime Minister and Government Support Genetica and Oasis Labs Partnership to Enhance…
Vietnamese Prime Minister and Government Support Genetica and Oasis Labs Partnership to Enhance Precision Medicine Using Oasis Platform — Genetica will use Oasis Network to protect 100K genomic data profiles for privacy-preserving genomic analysis for precision medicine.. — Community Translations: Kazakh|Greek|Portugese|Italian|Hindi|Bengali|Ukrainian|Russian | Serbian | Turkish | Filipino | Spanish Genetica, the leading genomics company in the Asia Pacific region, and Oasis Labs, a leader in developing cutting-edge technology for decentralized data management in Web3 and confidential computing, have established a partnership to enable the first genomic analysis platform in Web3 for precision medicine at scale. This collaboration will provide a first-of-its-kind solution in Web3 to enable a privacy-preserving, incentive-compatible platform for genomic data collection and analysis at scale. With this solution, users can maintain control of their genomic data while gaining rewards when their data contributes to medical research to help improve personalized care. On Tuesday, May 17, 2022, Genetica and Oasis Labs announced the partnership during an exclusive ceremony in San Francisco with the Vietnamese Prime Minister and other Ministers and government officials, who are excited to grow Vietnam as a global leader in Web3. Genetica and Oasis Labs are proud to have their dedicated support in this endeavor. Partic...
| 
Discover what your genes are saying about you with the Genetica-Oasis Partnership
We recently announced our partnership with Genetica to bring Parcel and the Oasis Network to their customers. Genetica helps individuals gain valuable insights into their genetic makeup. These insights include a person’s chances of contracting genetic diseases, which diet or health plan is best suited to their physiology, and even how to best support their child’s development. By partnering with Oasis Labs, Genetica is able to leverage the Parcel API to give their customers complete control over how their sequenced genetic data is used and analyzed, all while providing stronger privacy guarantees for their most sensitive health data. To launch this partnership, we have a promotion code for you to get 20% off Genetica’s G-Care reportWhat is G-Care? How would you like to learn everything about your body so that you can design the most effective lifestyle, diet, exercise, and health care plan for yourself? G-Care is a lifestyle report that analyses over 65 genes from a saliva sample to provide you with more than 100 results & personalized recommendations on:Nutrition: Discover how your body reacts to specific nutrients to help fine-tune your eating habits and improve your health.Fitness: You know that it’s all about exercising smarter and not harder. Knowing your genetic makeup will help you design the ideal workout plan that works for you.Health: Genetic mutations can be problematic, but if you know how your gen...
| 
Private Genome Sequencing with Genetica and the Oasis Network
Asia’s fastest growing genome sequencing company will integrate Parcel and the Oasis Network to offer better privacy to their customers.. — Community Translations: Portuguese | Romanian |Russian | Serbian | French | Indonesian |Turkish | Spanish | Kazakh |Filipino We’re excited to announce that Oasis Labs will be partnering with Genetica to bring Parcel and the Oasis Network to their customers — improving the privacy and security of their product. Genetica is the fastest growing personal gene sequencing company in Asia. Through this partnership, Genetica will leverage the Parcel API to give their users complete control over how their sequenced genetica data is used and analyzed — improving the security of some of our most sensitive health data. — Meet Parcel. — Parcel is a set of privacy-first, data governance APIs designed to make it easy to build apps on the Oasis network and give individuals better control and oversight into how their data is used. Parcel’s suite of tools enables developers to:Securely store sensitive user dataDefine and enforce usage policies over that sensitive dataBuild apps connected to the Oasis NetworkEasily deploy an isolated compute environment — called a Secure Enclave — for privacy preserving analysis. The Parcel solution allows businesses to tackle one of the most challenging issues of our time — providing strong privacy guarantees to their...
| 
Parcel Spotlight: Auth3 Network
An in depth look at some of the projects building on Parcel.. — Here at Oasis Labs, we believe in building technology that protects our privacy while still allowing us to get the full value from our data. Auth3 is a privacy-preserving computational network that uses Parcel to maintain full control over the life cycle of data. Users on the Auth3 network are able to access features such as secure storage, data management, tokenization of data and more… Read on to learn more about their vision for the future of data! — Who are you! Tell us about yourself and your role at Auth3.. — I’m Tracy — Head of Operations of Auth3 Network. I have been involved in the blockchain space since 2018 and fully focused on building Auth3 Network now. — Tell us a little bit about Auth3. — Auth3 is a decentralized and trusted network built upon a privacy-preserved infrastructure to unlock and exchange data values. Auth3 aims to connect people and data around the world for Web 3.0. It helps people to discover, aggregate and exchange authenticated data. Also, Auth3 encapsulates data usage rights into data tokens by leveraging blockchain and DeFi tools, which notably helps to release the value of data. — Why is privacy and data sovereignty important for your product?. — The ultimate goal of Auth3 is to unleash the value of data, help people discover, aggregate and equitably exchange their authe...
| 
Parcel Spotlight: Ruyi Health
An in depth look at some of the projects building on Parcel.. — We’re excited to spotlight Ruyi Health, a team focusing on bridging the gap between technology and autonomy over individual health care. Their application solution offers a definitive and streamlined approach to health management, while preserving and protecting patient data. This secure exchange of health information creates a more informed and educated patient, strengthens the network of healthcare professionals and systems, and brings about a new future of value-based care. — Who are you! Tell us about yourself and Oasis Labs’ partnership with Ruyi Health. — Our names are Zhenxuan “James” Zhang and Shaashwat Sharma, and we are the co-founders of Ruyi Health LLC. We both noticed there was a lack of accessible patient-focused preventative healthcare solutions. We decided to utilize our background in tech to solve this problem, which led us to founding Ruyi Health in February 2020. We joined Oasis Labs’ DevAccelerator in June 2020, and since then have been working on creating a secure, intuitive, and intelligent health management solution that empowers our users to live healthy lives. We are excited to share that we have hired our first employee, Mia Ladolcetta, and are on track to releasing our solution. — Tell us a little bit about Ruyi Health. — While developing robotic technology for stroke rehabilitation and interact...
| 
Blockchain, Data, and Tokens: The Building Blocks of the Ownership Economy
DeFi and NFTs are showing the World what it means to own your assets. At Oasis Labs, we’re expanding Parcel to enable data tokenization and the next ownership economy.. — OverviewNFTs have shown us what it means to own our assets.To truly enable an ownership economy on blockchain we must increase the diversity of assets that NFTs can represent.At Oasis Labs we’ve released a primer detailing our plans to expand the scope of our Parcel API product to include data tokenization.With the Parcel API, individuals, creators, and businesses will be able mint NFTs called Data Tokens that are backed by valuable digital assets with intrinsic value.These improvements to Parcel expand the capabilities of the Oasis Network and ROSE to support a powerful new Ownership Economy.Building an Ownership Economy Creators and individuals produce most of the value on platforms today — whether its via the data they create or the content they produce. What seems to be an unstoppable trend is still held back by one critical flaw: at some point, the underlying platform can pivot from cooperative behavior and turn to exploiting individuals and creators alike for the sake of higher profits. Thanks to blockchain, it’s now possible to program incentives and distribute merit-based ownership to both creators and users who believe in each other. In recent months we’ve seen digital art, and their NFTs conferring ownership, sold for hundreds ...
| 
Spotlight: human.ai
An in depth look at some of the projects building on Parcel.. — The concept of privacy within the healthcare space has historically been passive about protecting the user — think of HIPAA. Oasis Labs is excited to partner with Human.ai who wants to recenter this conversation to learn as much as possible from every patient journey while protecting patient privacy. By creating a privacy-preserving network of healthcare systems, Human.ai uses Parcel to provide researchers with more higher-quality data and empower data controllers to restrict how their patients’ data is used. Read more below to learn about Human.ai’s efforts: Hey Simon! Tell us about yourself and your role at Human.ai. I’m Simon Overell, the CTO and co-founder of human.ai. I have been lucky to work with some amazing teams over the past 13 years, at Yahoo!, at TrueKnowledge (now Amazon Alexa), spider.io (now anti-malware at Google) and Google, working on AI, applied machine learning, and the many facets of big data. I committed full-time to human.ai at the beginning of 2020 to try to make a dent in hard-to-treat cancers. Tell us a little bit about Human.aiThe best minds of our generation are still ultimately working in service of advertising. That sucks.* We want to change this. Our goal at human.ai is to build an AI marketplace for healthcare and biopharma. We want to make it possible for the world’s best AI experts to turn our most privat...
| 
Spotlight: Castalise
An in depth look at some of the projects building on Parcel.. — We’re excited to spotlight the team at Castalise who has been building with Oasis Labs since nearly the very beginning. Easily integrable into your user’s mobile app, web app, stand-alone application, or backend infrastructure, Castalise is a privacy-preserving platform that connects the dots between a user’s multiple data sources and enables multi-use collaboration between researchers. With Parcel’s API keys, Castalise brings simple and effective confidentiality to their users. Read on to get to know the team at Castalise:I’m Mahmoud Deghaim — co-founder and CEO at Castalise. I have been involved in the blockchain space since 2018 and have been fully focused on building Castalise since 2020. I shift between multiple hats daily, but I would say my main role at Castalise is as a product owner ensuring that we provide an easy, scalable, and secure way to extract value from data. — Tell us a little bit about Castalise. — We are on a mission to help transition from a world of Big Data riddled with risks to a world of Open Data enabled by secure collaboration. This is why we have built a privacy-first data platform that helps businesses and institutions scale their data-driven businesses models by setting up their own data marketplaces. With Castalise, users can build, publish, and monetize services to securely maximize the value be...
|
|
 | Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip on Thursday, as Infl...
Bitcoin retreated from a recent high on Thursday, in light of a much anticipated inflation report from the United States. The consumer price index rose to an annual rate of 3.2% last month, with core inflation falling to 4.7%. Ethereum also slipped into the red.Bitcoin
Bitcoin (BTC) gave up recent gains on Thursday, as markets reacted to the latest U.S. inflation report.
BTC/USD dropped to an intraday low of $29,376.80 earlier in today's session, following a peak at $30,093.44 the day prior.
The decline sees bitcoin retreat from its highest level since July 20, when the price peaked at a level of $30,421.
One of the reasons for the drop appears to be the 14-day relative strength index (RSI) falling below a recent ceiling of 51.00
As of writing, the index is now tracking at a reading of 50.51, with a floor of 41.00 the next visible target.
In the event that price strength reaches this level, there is a good chance that BTC will fall below the $29,000 mark.
Ethereum
Additionally, ethereum (ETH) was also in the red during today's session, as price fell lower for a second consecutive day.
Following a high of $1,869.74 on Wednesday, ETH/USD slipped to a bottom of $1,845.49 earlier in the day.
Price slightly rebounded following the latest U.S. consumer price index, which marginally rose in July.
The recent volatility in ethereum comes as the RSI was unable to break out of a ceiling at the 51.00 mark.
As of writing, ethereum's price strength is sitting at 49.12, with price at $1,...
|  | Oasis Network Announces 'Oasis Rendezvous' – EthCC Privacy Side Ev...
[PRESS RELEASE - Please Read Disclaimer]
Oasis Network’s ‘Oasis Rendezvous’ is a highly anticipated EthCC side event held on July 19, 2023
Paris, FR – July 19, 2023 – Oasis Network, the world's leading privacy-first blockchain, will be hosting Oasis Rendezvous, an all-day affair for the Web3 developer community on July 19 at EthCC 2023 in Paris. Attendees will have an opportunity to discover the latest developments in blockchain technology as industry experts discuss all things Web3 privacy.
Oasis’s Smart Privacy fosters trust and participation in Web3 ecosystems. The Oasis Rendezvous is an EthCC side event bringing together experts to explore innovative solutions and promote dialogue on privacy in the Web3 ecosystem. Panel discussions and coworking spaces at the event advance privacy in Web3, ensuring its fundamental role in decentralized technology's development and adoption.
“Privacy is at the core of Oasis's mission in the Web3 space. Our networking rendezvous brings together builders and creators to discuss the importance of privacy and explore innovative solutions with experts,” said Diana Magerie, Events Lead for the Oasis Foundation. “We are excited to engage in meaningful conversations and collaborate with the community to shape the future of Web3 privacy.”
This year’s event will include a full-day agenda packed with insightful panels and networking sessions. Participants will engage in hands-on worksh...
|  | Animoca Brands and Lympo Partner UFC Champ Rose Namajunas on Digital Spo...
[PRESS RELEASE - Vilnius, Lithuania, April 25th, 2023]
Animoca Brands, the company advancing digital property rights for gaming and the metaverse, and its subsidiary Lympo, a leading global sports NFT ecosystem, announced today a partnership with the Ultimate Fighting Championship (UFC) champion Rose Namajunas to provide a digital memorabilia collecting challenge called “Build Your Own Fighter with Thug Rose.”
The collector's challenge “Build Your Own Fighter with Thug Rose' is a Digisport collectible NFT project that offers an engaging collect-and-earn experience for sports fans. It features unique and limited-edition digital items that users can buy and trade. The project targets Rose's fans and the Web3 community, allowing them to own unique digital items and participate in a new era of combat sports engagement. The limited-time experience will be available from 26 May to 18 June 2023 at http://rose.digisport.xyz.
Rose Namajunas is an American female mixed martial artist signed with the UFC. Namajunas competes in the women's strawweight division and has held the UFC Women's Strawweight Championship twice. Namajunas holds the second position in the current UFC Strawweight Rankings for 2023.
The collector's challenge invites Rose Namajunas' fans and sports enthusiasts of all kinds to participate by collecting digital sticker NFTs obtained from limited-edition NFT mystery boxes. Once users have collected enough digital stickers, participants can claim reward...
|  | African Blockchain Business Funding Rose 429% in 2022 — Report
In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds raised by blockchain companies. South Africa and Seychelles Accounted for More Than 80% of Funds Raised
According to the latest CVVC Africa Blockchain funding report, blockchain businesses from the continent raised $474 million in 2022, a year-on-year funding increase of 429%. The report states the continent’s 2022 total blockchain funding was realized from some 29 deals, about four more than the 25 that were sealed in 2021.
Regarding individual countries with the biggest share of the total funding, the report showed that South Africa (37.3%) and Seychelles (43.9%) alone received more than 80% of the total. Nigeria, which accounted for the second-highest share in 2021, had nine deals with a total value of nearly $16 million, just 3.4% of the total funding.
Besides Nigeria and Egypt — the only countries from the continent to have recorded a decrease in the value of funds raised — the report data indicates that the rest of the tracked countries recorded significant funding increases. Liberia, which had zero funding in 2021, was the third-highest-ranked country in 2022 with 7.9% of the total funding.
Growing Demand for Crypto Trading in Africa
Meanwhile, the report...
|  | Bitcoin's Average and Median-Sized Network Fees Rose 40% Higher in March
In March 2023, Bitcoin's average and median-sized fees jumped more than 40% higher after rising 122% in 10 days during the first week of February. The fees have followed the Ordinal inscription trend as more than 662,000 inscriptions reside on the Bitcoin blockchain, and 150 bitcoin worth $4.2 million have been added to fees.Bitcoin Fees Surge in March, More Than 50,000 Unconfirmed Transactions in the Mempool
As of 2:30 p.m. (ET) on March 31, 2023, according to statistics from mempool.space, there are roughly 54,000 unconfirmed Bitcoin transactions. Bitcoin fees and wait times have increased in March following the network fee increase that occurred during the first week of February.
At that time, due to the demand stemming from Ordinal inscription transactions, fees rose 122% in 10 days. With BTC's price significantly higher and the Ordinal inscription trend still in full swing, average and median-sized transfer fees have risen since February 8, 2023.
According to data from bitinfocharts.com, on Friday afternoon (ET), the average BTC transaction fee cost 0.000084 BTC or $2.40 per transaction. On February 8, 2023, the average fee was $1.704 per transfer, or 41.17% lower than today's average BTC fee.
BTC's median-sized fee rose 42.02% from $0.69 to $0.98 per transaction during the same time frame. Average fees spiked to $4.24 per transaction on March 24, and on the same day, median-sized fees hit $1.37 per transfer.
As of writing, there are more than 662,000 Bitcoin-based Ordi...
|  | FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022
The Federal Bureau of Investigation (FBI) says cryptocurrency investment fraud rose 183% from $907 million in 2021 to $2.57 billion in 2022, based on data from its Internet Crime Complaint Center (IC3). The FBI also warned the public of 'a spike in cryptocurrency investment schemes.'FBI’s Crypto Crime Statistics
The Federal Bureau of Investigation (FBI) published its 2022 Internet Crime Report last week. The report is compiled using data from the agency's Internet Crime Complaint Center (IC3) which 'serves as a public resource to submit reports of cyberattacks and incidents,' the bureau described.
'In 2022, investment scams were the costliest scheme reported to the IC3. Investment fraud complaints increased from $1.45 billion in 2021 to $3.31 billion in 2022, which is a 127% [increase],' the FBI wrote, adding:
Within those complaints, cryptocurrency investment fraud rose from $907 million in 2021 to $2.57 billion in 2022, an increase of 183%.
'Crypto-investment scams saw unprecedented increases in the number of victims and the dollar losses to these investors. Many victims have assumed massive debt to cover losses from these fraudulent investments and the most targeted age group reporting this type of scam are victims ages 30 to 49,' the report details.
The FBI also highlighted prevalent cryptocurrency investment scams in 2022, such as those related to liquidity mining, hacked social media accounts, celebrity impersonation, real estate professionals, and employment.
Fo...
|  | Bitcoin Rollercoaster on Powell Speech, SAND and ROSE Rally Over 25% (Ma...
The past 24 hours were quite tumultuous within the cryptocurrency market as major large caps went through a rollercoaster during the speech of the Chairman of the Federal Reserve - Jerome Powell.
Meanwhile, some altcoins are having a go at new multi-week highs, charting gains upwards of 25% on the day. Let's dive in.
Bitcoin and Large-Caps Pump, Dump, and Pump Again
Yesterday, the Chairman of the US Federal Reserve - Jerome Powell - was talking on the matters of inflation, the current and future state of the US economy.
He said little that he hadn't already, reiterating his comments from the previous week that the economy's disinflation (or inflation that's slowing down, in his words) is still within its very early stages - particularly in the housing sector.
As it's always the case, this caused the market to move. Initially, the price skyrocketed to a high above $23,300, but almost immediately after the speech, all the gains were wiped out in what turned out to be a chop.
Source: TradingView
Fortunately, the bulls were able to regroup and retake control, pushing the price back above $23K in the hours that followed.
This entire rodeo ended up with about $84 million worth of liquidated positions in the past 24 hours.
SAND and ROSE Rally Ahead
Altcoins experienced even more volatility than BTC. Most of the market is painted green. The cryptocurrencies with larger market capitalization failed to chart any considerable gains. These include ETH, XRP, SOL, SHIB, ATOM, LTC, and othe...
|  | Cryptocurrency Rose Ranks in Popularity as Investment Option in Chile in...
Cryptocurrencies rose in popularity in Chile, according to a survey from global consulting firm Bain & Company. The survey found that crypto is ranked as the third most popular investment asset among Chileans, only behind investment funds, which were the most popular investment option, and real estate, which ranked second.
Popularity of Crypto Rises in Chile in 2022
Countries in Latam that have been affected by high devaluation and inflation rates are starting to turn to crypto as an investment option. In Chile, which is among the five countries with the worst inflation in the zone, crypto has risen to be among the most popular investment choices among all options available in the market.
The findings are from a survey by Bain & Company, a global consulting firm headquartered in Boston, which inquired about the most interesting investment options in the country during 2022. 23% of the polled answered that crypto was the go-to choice for their investments in 2022, putting it in third place among all options.
Investment funds took first place in the survey, with 36% of the polled having chosen this as their first investment option. 24% of the people polled answered having invested in real estate.
Why Crypto Is Becoming More Popular
The reasons behind the results have to do with how investors see crypto and its possible returns, even when 2022 was not a good year for the industry, having faced the demise of Terra and the bankruptcy of FTX, two particularly impactful even...
|  | Prices in Dollars Rose Almost 54% in Venezuela During 2022
Prices in Venezuela have been rising steadily even when denominated in foreign currency. According to data collected by Ecoanalitica, a market research firm, prices marked in dollars have grown close to 54% during 2022, affecting the income and savings of Venezuelans that have been using the U.S. dollar as an inflation hedge.
Prices Grow Even in Dollars in Venezuela
Inflation has taken another leg up in Venezuela, with prices of products and services being marked up even when denominated in dollars. Asdrubal Oliveros, economist, and partner at Ecoanalitica, a market research firm, stated that dollar-denominated prices rose close to 54% during 2022, being affected by the inflation that is currently hitting the country.
Among the most affected items are food and beverages, which registered a price increase of 66.7%. In the same way, prices in the restaurant and lodging sector, linked to national and international tourism, rose by 95%, making this the sector that registered the highest jump.
With prices denominated in the national fiat currency, inflation numbers are even worse, with food and beverage prices soaring by 150% during the same period.
The country recently got out of a period of hyperinflation that started in 2017 and finished in Jan. 2022, when the country registered 12 months with month-on-month inflation rates lower than 50%.
An Unofficial Dollarization Process
While most stores are still accepting bolivars, the local currency, as a means of payment, sinc...
|  | Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst S...
According to a myriad of reports, the People's Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in 55 years. Meanwhile, Wells Fargo's head of real asset strategy, John LaForge, contends that when silver starts outperforming gold, it usually signals it is “closer to a bull market in precious metals versus the other way.'The World's Central Banks Are Hoarding Large Sums of Gold, China Recently Purchased 32 Tons of the Precious Metal
Precious metals like gold and silver are ending the year a lot higher in value than they were 56 days ago on Nov. 3, 2022. Close to two months ago, on that day, a troy ounce of .999 fine gold was trading for $1,629 per unit and today, prices are 11.48% higher at $1,816 per ounce. A troy ounce of .999 fine silver was trading for $19.45 per unit on Nov. 3, and it’s increased 23.29% higher against the U.S. dollar at $23.98 per ounce.
World Gold Council (WGC) data shows that while there’s been a rise in retail demand, central banks are hoarding gold at an extremely fast pace. A number of reports citing WGC data show that the central banks' current demand for gold has risen at the fastest pace since 1967. China recently disclosed that the country purchased 1.03 million ounces of fine gold or the equivalent of 32 tons of the precious metal. China's State Administration of Foreign Exchange detail...
|  | Cash App's Bitcoin Revenue Grew 119% in 2021, Gross Profit From BT...
Popular mobile payment platform Cash App, developed by Jack Dorsey's Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%.
Cash App's Bitcoin Business
Block Inc., formerly Square Inc., released its Q4 2021 earnings report Thursday. The report includes the performance of Cash App, the firm's mobile payment platform that allows users to trade bitcoin.
The company stated:
Cash App generated $1.96 billion of bitcoin revenue and $46 million of bitcoin gross profit during the fourth quarter of 2021, up 12% and 14% year over year, respectively.
'Compared to the third quarter of 2021, bitcoin revenue and gross profit increased on a quarter-over-quarter basis, driven primarily by increased volatility in the price of bitcoin, which affected trading activity compared to the prior quarter,' Block detailed, adding:
For the full year of 2021, Cash App generated $10.01 billion of bitcoin revenue and $218 million of bitcoin gross profit, up 119% and 124% year over year, respectively.
Block explained: 'Bitcoin revenue is the total sale amount of bitcoin to customers. Bitcoin costs are the total amount of bitcoin that we purchase.' This means Block's version of bitcoin revenue is simply its trading volume.
The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, has urged Block to clear the confusion. He tweeted Thursday: 'Hey guys please stop call...
|  | Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase ...
The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks' reported holdings of the asset by 4,500 tons over the past decade.
Dollar's Decline a Boon for Gold
The amount of gold held in reserves by central banks as of September 2021 grew to a new high of 36,000 tons for the first time since 1990. According to the World Gold Council (WGC), this increase in central banks' gold holdings to a 31-year-high came after the institutions successfully added 4,500 tons of the precious metal over the past decade.
In a report published by Nikkei Asia, the WGC attributes central banks' growing preference for gold to the U.S. dollar's decline. The report explains how the U.S. Federal Reserve's significant monetary relaxation has resulted in an increased supply of U.S. dollars. This increase in the supply of dollars has, in turn, caused the value of the dollar against gold to drop sharply in the past decade, the report asserts.
To support the theory that central banks are increasingly opting for gold, the report points to Poland, whose central bank is believed to have purchased about 100 tons of gold in 2019. Concerning the National Bank of Poland (NBP)'s purchase of the gold, the institution's president Adam Glapinski is quoted by reports pointing to the fact that the precious metal is not directly tied to any nation's economy and that this enables it to end...
|
More Oasis Network (#ROSE) News
|
|
|
Crypto Coin Prices and News 