Noticias Crypto

Celsius Network to Manage Funds for United Nations Initiative

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The Celsius Network has become a founding member of the SDG Impact Fund within the United Nations’ Sustainable Development Goals initiative.

Decentralized lending and borrowing platform Celsius Network will manage the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations Sustainable Development Goals initiative, according to a press release Publicado Septiembre 21.

The Sustainable Development Goals is an international program focused on bringing a “better and more sustainable future for all.It addresses global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, and peace and justice. The initiative aims to achieve a series of targets by 2030.

Per the announcement, the SDG Impact Fund will be launched by financial services firm Fifth Element with the aim to raise several hundred million dollars and deploy them in both fiat and digital format using a public blockchain. The fund will purportedly be the first to accept and operate all forms of crypto and digital assets in compliance with the UN Sustainable Development Goals.

Within the partnership with Fifth Element, Celsius Network is reportedly looking to “bring power back to the peopleby providing banking services typically reserved for top tier asset owners. Celsius CEO Alex Mashinsky said thatby offering earned interest rates up to 7.1 por ciento, we allow individuals to make the same passive income Wall Street has been making for years.Scott Stornetta, adviser to Celsius, commented:

“We see a great opportunity to use this technology to deliver the value collected by different U.N. organizations in a more precise and effective way to the people and organizations that need it most.

In February the United Nations International Children’s Emergency Fund (UNICEF) embraced cryptocurrency by starting a charity drive for Syrian children, asking PC gamers to use their computers to mine Etereum (ETH) and donate their earnings. Later in April, UNICEF Australia also anunció an initiative that allows users to give their computer’s processing power to mine cryptocurrency for charity.

Página de inicio Noticias Crypto Wall Street’s EF Hutton Wants to Raise $60 Mln Issuing Crypto ‘Instruments, Coins, Tokens’
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Wall Street’s EF Hutton Wants to Raise $60 Mln Issuing Crypto ‘Instruments, Coins, Tokens’
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Wall Street’s EF Hutton Wants to Raise $60 Mln Issuing Crypto ‘Instruments, Coins, Tokens’

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Stock brokerage EF Hutton continues its cryptocurrency foray by pledging to issue its own products to attract investment.

ESTADOS UNIDOS. stock brokerage firm EF Hutton plans to issue $60 million in various cryptocurrency instruments from January 2019, Bloomberg registrados Septiembre 13.

The latest in a series of crypto-related announcements this month, the company’s parent organization HUTN dijo it would begin offering “multiple instruments, coins and tokenswhich would “generate proceeds of at least $60 million.

The move comes the same week as EF Hutton confirmed it was the major sponsor of a new U.S. cryptocurrency exchange known as ACEx, which also plans to start operating next January along with issuing its own token.

“Proceeds will be used to fund marketing, technology and to redeem debt and for general corporate expenses,” the release explains about the asset issuance plans.

“We know ICOs succeed when they present powerful use cases that improve their holders utility with the peer-to-peer functionality of blockchain’s technology,” HUTN CEO Christopher Daniels commented on the most recent announcements:

“Consequently, we are confident that ICO buyers will eagerly seek to hold the coins and tokens we are issuing.

Whitepapers for the forthcoming tokens are promised this autumn, promising a “use casefor each instrument on offer. As yet, no specific information is available about the offering.

HUTN has already hired an advisor with a history of helping companies engage in Initial Coin Offerings (ICOs) to the tune of $290 million, it continues, adding it now “has special insight and experience in the cryptocurrency market.

The company has already attempted to back those claims, Cointelegraph registrados Septiembre 7, as in embarked on a cryptocurrency research project to assist investors “confusedabout the industry.

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