Why are Ethereum (ETH) and Calyx Token (CLX) so exciting right now? – Deccan Herald

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Today, cryptocurrency may appear to be dangerous territory. Bitcoin (BTC) and Ethereum (ETH), the two most popular cryptocurrencies, have both dropped more than 20% since the beginning of the year. Concerns about inflation, the war in Ukraine, and regulatory uncertainty in the crypto industry have pushed some investors toward lower-risk assets.

However, keep in mind that these factors are currently weighing on the industry. However, they have no bearing on the prospects of individual players. For example, a blockchain that is attracting an increasing number of projects now may thrive in the future. And today is a great time to get in on the action for a low price. Of course, it's best to be selective, especially in these trying times.

Ethereum (ETH) and Calyx Token (CLX), a new liquidity protocol that recently entered presale, are two projects that have been stirring up excitement in the crypto industry. Keep reading to find out why.

Buying the dip

I'm referring to Ethereum (ETH). When is a better time to buy a market leader than when its on the decline? Ethereum (ETH) isn't immune to the bearish sentiment that has gripped the crypto market. However, there is reason to be enthusiastic about Ethereum (ETH) right now because the blockchain is undergoing a major upgrade.

The upgrade is being carried out in stages. The first part, dubbed "the Beacon chain," was already released by Ethereum (ETH). This is the first step in changing Ethereum's (ETH) consensus mechanism from proof-of-work to proof-of-stake. Validators must solve complex computations to approve a transaction using proof of work. Proof of stake empowers those with Ethereum (ETH) holdings to validate transactions. This is both faster and more environmentally friendly because it uses less energy.

The main net will then be merged with this proof-of-stake chain. That is when Ethereum (ETH) will officially switch to proof of stake. This has been postponed recently, but it should happen in the third or fourth quarter of this year. Ethereum (ETH) also plans to introduce shard chains next year. These distributed the workload across new chains.

This is why everything is so crucial. This upgrade addresses Ethereum's (ETH) major issue: network congestion, which has resulted in long transaction times and high transaction fees.

Paving the way for dApps and NFTs

Despite this issue, Ethereum (ETH) has already established itself as a major player. According to the State of the dApps website, Ethereum (ETH) is home to over 2,900 dApps.

According to CryptoSlam data, it's also the most popular blockchain for non-fungible token (NFT) sales by volume. The strength of Ethereum (ETH) is also demonstrated in a report by Electric Capital, a firm that invests in blockchain technology. Last year, the number of Ethereum (ETH) developers increased by 42%. In terms of tools, apps, and protocols, Ethereum (ETH) remains the dominant player.

The first-mover advantage belongs to Ethereum (ETH). Growth could take off in the coming years as a result of the upgrade. Naturally, all cryptocurrencies carry a high level of risk. That's because the industry is still young, and it's unclear whether the rest of the world will embrace it.

Calyx Token (CLX) wants to shake things up

Calyx Token (CLX), the most recent liquidity protocol to hit the market, uses cutting-edge technology to help users avoid the long processing times and exorbitant gas fees common across crypto exchange platforms.

Calyx Swap, the platform's exchange solution, will pool liquidity from multiple sources across multiple DEXs belonging to various blockchain networks such as Ethereum (ETH), Polygon (MATIC), Binance (BNB), and Avalanche (AVAX) to provide users with the best rate for any swap on any supported blockchain network.

In addition, Calyx Token (CLX) intends to be permissionless and decentralised. Users will not have to go through the extensive security checks required by centralised exchange platforms, nor will they have to register to use the swap. This is expected to significantly increase Calyx's (CLX) popularity, potentially driving up the token's price.

Calyx Token (CLX) is currently in the presale stage, so early adopters are likely to profit handsomely when the token goes live. CLX holders believe the presale will allow them to profit from the platform's expected success, as the platform's White Paper promises to bring revolutionary changes to the crypto market.

Final Thoughts

Judging by the upcoming developments that Ethereum (ETH) and Calyx Token (CLX) have planned, they appear to be strong long-term investments despite the markets bearish sentiment. Calyx Tokens (CLX) presale might offer investors the chance to explode their returns, considering the ongoing hype around its swap.

Never put more money into something than you can afford to lose. If you want to try crypto, investing in presales or the market leader is a good place to start.

Enter the Calyx Token (CLX) presale now:

https://presale.calyxtoken.io/registerhttps://calyxtoken.io

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Why are Ethereum (ETH) and Calyx Token (CLX) so exciting right now? - Deccan Herald

Here’s Why Bitcoin, Ethereum Look Ready To Bounce – Benzinga – Benzinga

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Bitcoin BTC/USD and Ethereum ETH/USD were trading over 4% and 5% lower, respectively, on Monday. The move lower is the continuation of a downtrend, which escalated on May 5.

Since that date, Bitcoin has plunged over 18% and Ethereum has plummeted about 19%, as fear of a recession has gripped traders and investors, causing an accelerated move to the downside.

A recession takes place when economic activity begins to decline due to people deciding to spend less money and save more. Rising inflation and the Federal Reserves decision to continue hiking interest rates contributes to the cycle because purchasing everyday items becomes too expensive and investing cash becomes more lucrative.

The cryptocurrency sector is highly susceptible to a possible recession because its utility is entirely dependent on traders and investors using coins and tokens to pay for items.

No stock or crypto ever goes straight down, or up, and although Bitcoin and Ethereum could see more downside in the immediate future, at least a bounce is likely to eventually come.

Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.

The Bitcoin Chart: On May 5, Bitcoin broke down bearishly from a falling channel pattern on higher-than-average volume, which caused extreme fear amongst traders and investors. The crypto has since fallen off a cliff, continuing to slide without bouncing up on the daily chart to form a higher low.

The Ethereum Chart: Unlike Bitcoin, Ethereum hasnt yet broken bearishly from its own falling channel, which the crypto has been trading in since April 5. On Monday, Ethereum was testing the bottom descending trendline of the pattern and holding above the level, which is a positive sign for bullish traders.

See Also:How to Read Candlestick Charts for Beginners

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Yieldstreet’s Crypto Wallet Helps Investors Store and Convert Bitcoin and Ethereum – Business Wire

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NEW YORK--(BUSINESS WIRE)--Yieldstreet, an alternative investment platform that has funded more than $3 billion in private market opportunities since inception, is launching a crypto wallet, a tool that allows investors to deposit Bitcoin and Ethereum with the option to seamlessly convert them into fiat currency to invest in Yieldstreets offerings.

Yieldstreets crypto wallet can allow you to safely store and - most importantly - to swiftly convert cryptocurrency. At Yieldstreet, we believe investors who own Bitcoin or Ethereum1 - and potentially some additional cryptocurrencies in the future - should have the flexibility to deposit them just as they would fiat currency and should not have to go to third parties for conversion if they decide to diversify away from crypto and invest in other alternative assets, said Michael Weisz, Founder and President of Yieldstreet.

Investors who want to deposit their Bitcoin or Ethereum on Yieldstreet can create a specific crypto wallet and use their Yieldstreet wallets address to transfer funds from other exchanges or from their personal crypto wallets, a widely-used industry protocol. The currency will be stored in a custodian-managed secured account.

The wallet can be utilized to invest in Yieldstreets offerings, across a wide array of alternative asset classes, including opportunities for exposure to digital assets through third-party funds. Subject to the approval of an investment request, Yieldstreet will automatically convert to USD via a trusted third party.

About Yieldstreet

Yieldstreet is reimagining how wealth is created by providing access to alternative investments previously reserved only for institutions and the ultra-wealthy. Yieldstreets mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. Its award-winning technology platform provides access to investment products across a range of asset classes such as Real Estate, Commercial, Consumer, Art, Legal Finance, Venture Capital, and Private Equity. Since its founding in 2015, Yieldstreet has funded over $3 billion of investments and is committed to making financial products more inclusive by creating a modern investment portfolio. The company, headquartered in New York City with offices in Brazil, Greece, and Malta, is backed by leading venture capital firms. Join the movement at http://www.yieldstreet.com.

1 Combined, Bitcoin and Ethereum amount to 70% of the cryptocurrency market, as of November 2021.

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Yieldstreet's Crypto Wallet Helps Investors Store and Convert Bitcoin and Ethereum - Business Wire

Crypto Whale Just Moved $24M Worth Of Ethereum (ETH) Off Bitfinex – Benzinga – Benzinga

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What happened: An Ethereum ETH/USD whale sent $24,134,942 worth of Ethereum off Bitfinex.

The ETH address associated with this transaction has been identified as:

0x84b38bc60f3bd82640ecefa320dab2be62e2da15

Why it matters: Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange presents an additional risk of theft, as exchange wallets are the most sought-after target for cryptocurrency hackers.

Ethereum whales that run their own validator nodes (costing 32 ETH each) must send their Ether to the Ethereum 2.0 beacon chain, which is then locked up until the launch of Ethereum 2.0 in 2022.

According to Glassnode, only 17.16% of the total supply remains liquid across all centralized exchanges.

The removal of ETH from an exchange reduces potential sell side pressure, allowing the price of Ether to increase more easily.

See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Price Action: Ethereum is down 0% in the past 24 hours.

See Also: How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Crypto Whale Just Moved $24M Worth Of Ethereum (ETH) Off Bitfinex - Benzinga - Benzinga

Ethereum Towers: Is the Metaverse just for Gamers? – GlobeNewswire

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Tortola, BVI, May 10, 2022 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Its impossible to escape the recent explosion of discussion about what and where the Metaverse will be in the future. With many established brands such as Meta (formerly Facebook), Adidas and Nike making strategic moves into the space it is plain to see that something is coming over the horizon. Even though its a clich, anyone that is here now is still most definitely early. But the question we are looking into today, is whether or not the Metaverse is solely for the gaming community or is there other utility that will be discovered by non-gamers too?

There is obviously a shortcut in thinking that if it is designed by gaming developers, uses a VR headset and has graphics that it is a game and it is aimed at gamers. Yes, its true that those already indoctrinated to the gaming world that own and regularly play on consoles will understand the technology quicker than those that do not already, but are gamers the only ones who will inhabit the Metaverse or will be there be room for everyone, and importantly will they want to?

Meta reportedly spent over $10 billion on its Metaverse division in 2021 which means that Mark Zuckerberg definitely believes that there is a digital future for social interactions beyond the headline grabbing name change. From the promotions that Meta have already released it is obvious that they are looking to normalize and demystify the emerging technologies for non-technical and non-gaming audiences. The problem at the moment is that the Metaverse is so loosely defined and strung together with various technologies that it has the feel of an unfinished product waiting for a purpose, rather than a box fresh packaged product you can take off the virtual shelf with a click of a button.

One such hopeful in the race to the Metaverse is Ethereum Worlds, a self-styled high end Metaverse that has community centricity at its heart. Centered around two professionally designed, identical towers dubbed Ethereum Towers. The Towers contain 4,388 apartments that can be owned by purchasing one of their access card NFTs. The apartments are fully customizable and there are 3 different types; standard, luxury and penthouse. The gameplay (there we go again) or look and feel is that of an almost real reflection of real life, though without the inconvenient things like litter and weather.

The organization states that you can use your apartment for many of the things that you would in a real life residence; you can relax, entertain and even do business there if you so wish. This parallel reality paradigm shift could see a step change in how people do everyday things. It may see non- gamers purchasing VR headsets in order to do virtual business or take in the scenery of a different location. The added bonus to the Ethereum Worlds ecosystem is a feature called engage to earn or E2E, this is where residents and visitors have the chance to earn rewards in the form of the in-world utility token $TWR just for being there, imagine being paid for turning up to your real life!

It is probably safe to say that projects like Ethereum Worlds will eventually attract wider audiences than the gaming community in the future. However, it might need the gamers to forge the way until the concept is less abstract and the interfaces/ technology are more accessible to those new to the experience. The fact that projects such as Ethereum Worlds are a reflection of reality rather than a dystopian fantasy adventure game, might eventually lead to higher adoption rates and real life business moving there in the future. For more information on Ethereum Towers and Ethereum Worlds you can check them out at https://ethereumtowers.com

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Pallapay Offer Buy and Sell USDT, Bitcoin, Ethereum and 200+ Cryptocurrency with Cash in Dubai UAE Now – GlobeNewswire

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Dubai, May 11, 2022 (GLOBE NEWSWIRE) --

Pallapay Offer Buy and Sell USDT, Bitcoin, Ethereum and 200+ Cryptocurrency with Cash in Dubai Now

Dubai Branch of the Pallapay USDT Shop

Pallapay has been providing cryptocurrency exchange services in Dubai since 2015.

Over those years, the agency has proven itself as a reputable exchange where thousands buy and sell bitcoin in Dubai, along with a host of other cryptocurrencies.

The new policy is expected to spur a huge demand for the variety of cryptocurrencies services in general.

Pallapay Bitcoin shop is fully ready and well-equipped to assist prospective clients looking to exchange Bitcoin to cash in their offices in the city center.

The agency boasts years of experience and a retinue of professional employees who can cater to both experienced crypto customers as well as beginners new to the digital currency revolution.

The agency has received among numerous recognition's, the award from the largest Crypto Expo Dubai . With a wide range of crypto services, Pallapay has established a solid reputation as a leading brand when it comes to buying and selling Bitcoin in Dubai UAE, and many other countries.

About Pallapay USDT Shop

Pallapay is an international brand providing cryptocurrency exchange services.

Currently, it operates in four (4) different countries and major cities: Dubai, USA, Singapore, and Istanbul. Since 2015, thousands of people have relied on Pallapay to exchange their cryptocurrencies for cash and vice versa. The most demanded services, however, are to sell bitcoin in Dubai, sell USDT (Tether) in Dubai, and sell Ethereum in Dubai.

Bitcoin is one of the most popular cryptocurrencies can be bought and sold at Pallapay.

When it comes to selling bitcoin in Dubai, Pallapay offers competitive pricing, provision of exchange of big amounts, and instant transactions for its teeming clientele, putting it one step above the other exchanges in Dubai.

Besides selling Bitcoin in Dubai, Pallapay also allows anyone to exchange 2000+ cryptocurrencies for cash or bank transfer and cash to crypto.

Pallapay Also Provides Crypto to Fiat POS Machine System For The First Time in Middle East. Hotels, Restaurants and Shops Can Now Use Crypto POS Machine From Pallapay, Charge The Client With Crypto and Receive The Fiat in Their Bank Account Easily Without Having Any Knowledge of Crypto.

Buy USDT Tether in Dubai with Cash.Sell USDT Tether in Dubai with Cash.https://www.pallapay.com/index.php/buy-sell-bitcoin-tether-dubaihttps://www.pallapay.com/buy-bitcoin-dubai

Address: The binary By Omniyat, Office P402, Business Bay, Dubai, UAEEmail: info@pallapay.com

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Cryptocurrency Ethereum Classic Falls More Than 16% In 24 hours – Benzinga – Benzinga

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Ethereum Classic's ETC/USD price has decreased 16.58% over the past 24 hours to $20.63, continuing its downward trend over the past week of -26.0%, moving from $28.25 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Ethereum Classic's trading volume has climbed 150.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 2.56%. This brings the circulating supply to 134.72 million, which makes up an estimated 63.94% of its max supply of 210.70 million. According to our data, the current market cap ranking for ETC is #32 at $2.89 billion.

Powered by CoinGecko API

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Ethereum Classic Falls More Than 16% In 24 hours - Benzinga - Benzinga

Heres Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers – The Daily Hodl

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A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger.

The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his Day One Thesis was that SOL was his Ethereum hedge as he considers Solana the only potential ETH killer.

He notes that SOL has less than 1/12th the market cap of ETH but its doing a lot of stuff.

The analyst also outlines Solanas potential advantages over Ethereum.

The strength of Solana, and the reason why I still like it, is that they have the most breadth of DApps [decentralized applications] of any chain out there. They have exponential adoption. Fast, inexpensive, scalable. Despite the outage

It also has Rust, the most preferred developing language thats driving the most development activity on any chain. 65,000 [transactions per second]. No need for layer-2s, and SOL DApps have more daily active users than Ethereum DApps, which is kind of staggering, because Ethereum has about 3,000 DApps and SOL has about 750.

The analyst does note that Solanas outages are a potential issue. Solana suffered a network outage in late April when the projects mainnet beta cluster ceased producing blocks as a result of stalled consensus, according to Solana Labs.

The outage came after Solana alreadydealtwith publicized network and performance problems in December and January, as well as a previousoutagelast September.

The InvestAnswers host also notes that Solana has higher inflation than Ethereum.

He notes Ethereums advantages include its larger size, earlier launch date and higher adoption rate. He adds that Ethereum also has the most validators, and it is more decentralized and deals with less regulatory risk.

Solanas native asset, SOL, is trading at $65.51 at time of writing. The seventh-ranked crypto asset by market cap is down more than 14% in the past 24 hours.

I

Featured Image: Shutterstock/Bruce Rolff

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As Bitcoin Mining Difficulty Hits 5% ATH, Majority Of Miners Shift To Ethereum | Bitcoinist.com – Bitcoinist

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The mining difficulty for Bitcoin (BTC) has reached an all-time high, reducing the already diminishing profit margins of miners.

The new development could be catastrophic for crypto miners. As it also appears that the price of BTC is declining, Bitcoin miners may be going into a storm.

According to data from btc.com, a company that monitors BTC mining performance, Bitcoin mining difficulty has increased dramatically.

As noticed on Twitter by renowned cryptocurrency reporter Wu blockchain, the difficulty of mining the crypto has increased by approximately 5 percent to 31.25T.

This increase follows a roughly 5.6% increase two weeks ago, when the networks difficulty surpassed the 29T area for the first time ever.

Suggested Reading | BTC Is Being Pummeled Will Tesla And MicroStrategy Sell Their BTC?

Bitcoin mining is the process of confirming and adding a new transaction block (set) to the blockchain. The level of difficulty measures how complex it is to vie for mining payouts.

Network users that engage in the mining process (known as validators or miners) are rewarded with a fixed number of BTCs for each transaction block they successfully validate and add to the blockchain.

In contrast, Bitcoin hashrate, or the networks computing capacity, has remained virtually unchanged.

During the same two-week period, however, the profitability of Bitcoin mining decreased by approximately 13 percent.

During this time span, the price of Bitcoin decreased by 23 percent. The price decreased from approximately $39,390 on April 27 to the current level of $29,310, a Coingecko chart shows.

According to analysts, Bitcoin mining companies will be in significant danger if the cryptocurrency hovers below $30,000 for an extended period of time.

However, the greatest fear is not the BTC price falling below $30,000, but rather the duration of the slide, or how long the crypto will continue falling.

Based ondata releasedby ByteTree, miners have spent much more of their newly created BTC than they held over the past weeks.

Suggested Reading | Bitcoin City Layout Unveiled: Will Crypto Metropolis Help El Salvadors Ailing Economy?

Meanwhile, the majority of Bitcoin miners are currently shifting to Ethereum because of a higher return on investment as the network suffers significantly as BTC mining difficulty rises.

In 2021, when ETH broke through the $4,000 resistance, mining Ethereum got even more profitable. Moreover, as the launch of ETH 2.0 nears, the most sought after crypto asset is finding it increasingly difficult to maintain its dominant position.

With these developments coming up,an increasing number of miners are shifting to the Ether network and steer clear from unexpected crashes in the middle of their transactions.

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As Bitcoin Mining Difficulty Hits 5% ATH, Majority Of Miners Shift To Ethereum | Bitcoinist.com - Bitcoinist

Bitcoin, Ethereum Save The Day For Russian News Outlet Critical Of Vladimir Putin – Benzinga – Benzinga

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A Russian-language independent news outlet has raised more than $250,000 in cryptocurrency donations to continue reporting independent news under the Russian government crackdown and censorship.

What Happened: Latvia-based Meduza, a news site that says its reports on "The Real Russia,"has been collecting donations since March in the form of USD, Euros, and cryptocurrencieslike Bitcoin BTC/USD andEthereum ETH/USDamong others.

See Also:Elon Musk Says Starlink Fighting Russian Cyberwar: 'They're Ramping Up Their Efforts'

According to a CoinDesk report, the news company has so far received around $250,000 in crypto donations from 146,000 individual transactions. It further added that around 93% of the total donations came in the form of 3.75 Bitcoin ($116,954) and 49.9 Ethereum ($117,767).

How Did This Happen: Financial troubles for Meduza began in April 2021, after it, along with several other independent media outlets critical of President Vladimir Putin, was labeled by Russia's Justice Ministry as "foreign agents."

This required company to place a large font warning in each of its Russian-language articles, informing readers of its "foreign agent" status which led to a loss of nearly all its advertisers.

Although its foreign agent status did not prevent Russian readers from donating to the organization it was after the Russian invasion of Ukraine when the government decided to block its site in the country, and it lost "30,000 donators."

Russian authorities banned the site for "disseminating information in violation of the law." and the company says that now it gets "no money from Russia at all."

Read Next:'Happy Victory Over Nazism Day:' Russia's Putin And Ukraine's Zelenskyy Address Citizens On Victory Day Amid Raging War

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Robinhood Adds Grayscale Bitcoin and Ethereum Trusts – Decrypt

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For years, trading app Robinhood listed just a handful of cryptocurrencies. Over the past month, it's brought that number to 11, and it's now also making available two equities assets tied to the price of crypto.

As of today, Robinhood users can buy and sell Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) via the app.

GBTC and ETHE are investment products that trade like a stock and allow investors to get exposure to the price of Bitcoin and Ethereum, respectively, without actually having to buy them. Investment firm Grayscale takes care of the custody in exchange for a management fee, and buyers get a "share" of Bitcoin or Ethereumor something like it.

But while both GBTC and ETHE are ostensibly tied to the price of the underlying cryptocurrencies, they rarely trade on a 1:1 basis. Part of the reason for the difference in price is long lockup periods; when large holders eventually sell, it can affect the price on the open market.

That discrepancy may help explain why Robinhood traderswho don't have to worry about custody issues as it ismay be interested in the assets: They can get them for cheap and hope the gap closes.

According to data from Ycharts, ETHE is selling at a discount of 26.18% as of Friday, meaning it's 26% cheaper to buy ETHE than it is to buy Ethereum. GBTC, meanwhile, is trading at a 25.5% discount.

If the U.S. Securities and Exchange Commission accepts Grayscale's proposal to transition the Bitcoin trust into a Bitcoin exchange-traded fundthat heavy discount would likely disappear as ETFs' structure allows them to trade much closer to the underlying asset's price. The SEC, however, has yet to approve any Bitcoin-backed ETFs not based on BTC futures, which are investment contracts based on the anticipated future price of Bitcoin.

Since Robinhood Crypto COO Christine Brown's departure from the company at the end of March, the brokerage has rolled out several major additions to its digital asset offerings.

In April, it added Compound, Polygon, Shiba Inu, and Solana to its available listings of Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. A week before, at the Bitcoin 2022 Conference, it announced its intention to use the Lightning Network for sending quicker, cheaper BTC transactions. It simultaneously revealed that users would be able to transfer their crypto assets off of Robinhoodsomething the company's executive had been promising since early 2021.

Cryptocurrency has been one of the few bright spots for the brokerage company, which reported an 18% drop in revenue for Q1 and recently laid off 9% of its staff. Cryptocurrency revenue, though, was up from $48 million to $54 million for the quarter (but still down 39% from a year-to-year comparison).

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The Top Cryptocurrencies to Keep Your Eyes on This Year: Ethereum (ETH), Cardano (ADA), and Logarithmic Finance (LOG) – The Portugal News

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One of the most perplexing aspects of investing in cryptocurrencies is deciding which currency to choose.

There are hundreds of feasible possibilities, each of which operates distinctively and has its own micro-market that reacts differently. Aside from the fact that most tokens vary in value in comparison to others in terms of price, there are other characteristics and attributes to consider when investing in cryptocurrencies. Features like scalability, and security, are essential when choosing your preferred token.

However, some cryptocurrencies have surpassed expectations, standing the test of time while introducing more and more exciting features into their ecosystem. Cryptocurrencies such as Ethereum (ETH), which is set to upgrade to its higher version, Ethereum 2.0, Cardano (ADA), and the newly launched token Logarithmic Finance (LOG), which is currently in its presale stage. In this piece, we shall explore the features of these tokens and how they are set to take the crypto world by storm.

Ethereum (ETH) is a smart contract framework for developing decentralized apps. It was the first platform to introduce smart contracts, programmable agreements that can work similarly to legal contracts and are automatically executed whenever certain circumstances are satisfied.

Ethereum (ETH) shares many of the same qualities as previous blockchains, such as being an immutable public database of transactions, resisting censorship thanks to a decentralized consensus method, and delivering a secure network using proof-of-work hashing.

Users on Ethereum (ETH) can send financial transactions using Ether, the network's native coin (ETH). They can also use any of the network's decentralized applications (dApps), including decentralized finance (DeFi) platforms, non-fungible token (NFT) marketplaces, and blockchain-based games.

Ethereum aims to reach higher in the crypto world by introducing an advanced version of itself, Ethereum 2.0. The upgrade intends to improve the Ethereum network's speed, efficiency, and scalability to handle more transactions and reduce congestion. This is one cryptocurrency you want to watch out for.

Claiming to be an upgrade of Ethereum (ETH), Cardano (ADA) intends to enable its native ADA cryptocurrency to be acceptable in a wide range of transactions. Cardano's development is driven by academic and scientific research, and some believe that because its code is mathematically proven to be more effecient, the Cardano (ADA) network will gain increased adoption.

Cardano (ADA), like Ethereum, allows developers to write smart contracts and build decentralized applications.

However, whereas Ethereum deals with development issues as they emerge, Cardano (ADA) aims to anticipate difficulties. It has a scientific research mindset when planning network upgrades. Cardano (ADA) users can also utilize the network's native cryptocurrency, ADA, to send financial transactions.

The Logarithmic Finance (LOG) protocol is a layer-3 switching protocol which will allow a bridge for the technology divide between investors and innovators. The developers hope to change the way people interact with the cryptocurrency industry. Because token holders will be able to exchange their LOG tokens for NFTs, they will have access to various digital assets. As a result, LOG creates an environment in which investors, fintech innovators, and artists can easily connect.

This initiative by LOG developers will increase access to the crypto platform and may even increase new investor interest in DeFi currencies.

Logarithmic Finance (LOG) is developing a multi-chain cross-chain solution that will enable investors to create funds on several decentralized blockchain networks, including the Binance Smart Chain (BNB), Ethereum (ETH), Solana (SOL), and others. As this token is presently in its presale phase, now is the best time to hop on this bandwagon.

For more information about Logarithmic Finance (LOG) and its presale, visit:

Presale: https://presale.logarithmic.finance/register

Website: https://logarithmic.finance/

Telegram:https://t.me/LOGARITHMIC_FINANCE_OFFICIAL

Twitter: https://twitter.com/LOGARITHMIC_FI

Instagram: https://www.instagram.com/logarithmic_finance

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The Top Cryptocurrencies to Keep Your Eyes on This Year: Ethereum (ETH), Cardano (ADA), and Logarithmic Finance (LOG) - The Portugal News

Crypto VC Jill Gunter on what it will take to beat Ethereum – TechCrunch

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Jill Gunter is no stranger to crypto shes seen the market through its ups and downs, conducting research on blockchain protocols, working at multiple crypto startups and co-founding her own, and investing as a crypto VC at Slow Ventures. Gunter first started following the crypto space in 2011, when she was working in the traditional finance world as a derivatives trader at Goldman Sachs and when Bitcoin was the only major layer-one blockchain.

Since then, Gunter told TechCrunchs Chain Reaction podcast, shes been able to witness three distinct phases of development within the industry that have led it to this moment of heated competition between multiple established blockchains, and even more new protocols entering the fray.

The first phase is what Gunter called the era of altcoins. Protocols like Litecoin, Dogecoin and ZCash were born in this era, when developers sought to tweak the Bitcoin protocol in specific ways, such as changing the block size to change the throughput of the system, she explained.

What you came out with was a lot of blockchains and a lot of tokens that had a lot of the same properties as Bitcoin, but changed the feature set, Gunter said.

The next phase of the development of new blockchains came with the creation of Ethereum in 2015, according to Gunter. Ethereum brought a sea change in terms of what one could do with a blockchain by introducing the concept of programmability.

The modern era of layer-one blockchains, she continued, can be understood as a period of developers trying to tweak the feature sets of programmable blockchains to address some of the issues with Ethereum that exist today. Developers are trying to lower fees, boost usability and add privacy features to applications on the blockchain that the layer-one Ethereum chain itself doesnt have.

Ethereums high transaction costs and low throughput have continued to plague the network with issues, frustrating users. Yuga Labs recent metaverse land sale grabbed headlines last week when people trying to buy NFTs were faced with exorbitant gas fees and failed transactions because of the popularity of the drop.

While alternative blockchains such as Solana and Avalanche offer lower costs and can process transactions much faster than Ethereum, Gunter said these other chains have not been fully put to the test that Ethereum has been because they havent had to process as many users at once.

Whats more, these newer chains have all centralized something in some way, Gunter continued.

For the most part, these things have on their roadmap ways of continuing to decentralize over time, but again, we have yet to see those put to the test. We also have yet to see in what ways decentralization really matters to users in terms of the architecture of these things, Gunter said.

These different blockchains are increasingly having to compete to attract developers to their ecosystems. As co-founder of privacy-focused layer-one blockchain Espresso Systems, Gunter knows firsthand how challenging it can be to get engineers to invest time in developing projects on a specific chain when theres so much competition.

Personally, I dont think its good enough anymore to just wave around a white paper that says, oh, were actually going to be more scalable and more decentralized than anything else, Gunter said. I think that you need to have truly differentiated features from what already exists. And I think that neither is good enough without the other I think you do need to make a case for why your system is going to be the most popular and the most sound going forward over time.

Admittedly, she added, all the layer-one projects out there are making the right noises, but have yet to be put to the test by users. Especially if crypto continues to experience a market downturn, the winners and losers in the fight between layer-one blockchains may be separated faster than the industry had expected.

You can listen to the entireinterview with Gunteron our podcast, Chain Reaction. Subscribe to Chain Reaction onApple,Spotifyor your alternative podcast platform of choice to keep up with us every week.

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Crypto VC Jill Gunter on what it will take to beat Ethereum - TechCrunch

Australia to List Bitcoin & Ethereum ETFs for the First Time By DailyCoin – Investing.com

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Australia is set to list its first three cryptocurrency exchange-traded funds (ETFs) on Thursday, May 12th. The first-ever Austrailian crypto ETFs will go live on the CBOE exchange network, and will be managed by Cosmos Asset Management and ETF Securities. The three freshly made ETFs are based on BTC and ETH, and will be known as Cosmos Purpose Access ETF, ETFs 21Shares Bitcoin ETF and ETFs 21Shares ETF.

The three ETFs were supposed to see be listed in April, but had to be postponed as one of the primary brokers decided not to list the ETFs due to the volatile nature of cryptocurrencies. However, his skepticism didnt pay off. Though his colleagues werent able to change his mind, the ETFs found a new lease of life with a new different broker a month later.

First Cryptocurrency ETFs Approved in Canada and Switzerland

Canada and Switzerland are both working to keep up with innovations in the industry, and will soon release their own crypto-based ETFs. Canadian company 3iQ Digital Asset Management seized the opportunity, taking advantage of the delay to Australias ETFs to offer two of their own ETFs to the Australian public. BT3Q and ET3Q offer Bitcoin and Ethereum funds respectively, and represent strong challengers.

By contrast, The U.S. is still struggling to accept physically backed Bitcoin EFTs, but the new crypto bill signed by President Joe Bidden may be the catalyst needed to push things forward.

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Rovell: NFTs Crash as Bitcoin and Ethereum Fall, Bored Ape Floor Down 53 Percent in 10 Days (May 9) – The Action Network

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Plummeting cryptocurrency prices are wreaking havoc on NFTs. On Monday, as Bitcoin and Ethereum flirted with 10 percent drops, the sale of NFTs fell too.

The so-called blue-chip NFTs were not saved from the carnage.

One person who sold off was the owner of Bored Ape #4688, who bought it just two weeks ago for $418,656. He sold it Monday for $240,596, a loss of $178,060.

It was just 10 days ago that the floor price the cheapest price for a Bored Ape was $419,273. By 5 p.m. ET on Monday, the floor was down to $198,230, a drop of nearly 53 percent.

One Cryptopunk sold for $106,111, the lowest price for a Cryptopunk in nine months.

Theres also less interest in buying NFTs. On Sunday, there were fewer than 40,000 unique buyers of NFTs, according to tracking site Cryptoslam. It was only the fourth time since Aug. 1, 2021 that the unique buyer number went under 40,000.

Otherdeed, the virtual land NFT from Yuga Labs, the owners of Bored Apes and Cryptopunks, sold $780 million worth in the first five days of the month. Since then, things have cooled, having seen $46 million since.

The only project that seemed to be immune from the decline were Doodles, which recently hired a Billboard executive to be its CEO. Odds are Doodles owners are willing to hold out thanks to the company announcing that anyone holding a Doodle on May 12 will receive a Dooplicator, a functional piece of Doodle machinery with extraordinary powers.

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Totally Not Fake News: Vindication – Battle Red Blog

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Houston, TX Many emotions define the NFL Draft. Excitement, anticipation, fulfillment, trepidation, a little bit of fear/dread. They come from the players, seeing the culmination of a lifetime of dreams. They come from the fans looking to the future with hope. They come from Roger Goodell, praying that none of these guys crush him so hard in a man-embrace that he suffocates. Emotions abound that night.

Yet, there was one team that had a far different feeling/emotion. For the Houston Texans, there was the strangest of feelings. Not hope or optimism, admittedly two concepts somewhat foreign to the team and fanbase. The emotion: vindication. As if all the work of the past few seasons was coming to some focus/end-game.

Actually, I prefer the term validation myself noted a rather buoyant Jack Easterby. Vindicationthe root of that one is a bit too close to vindictive and honestly, I am just not that sort of person. With the love of the Lord within me, and me in an ordained place of power to project His message to the masses, I dont need to be all about petty things of the world, like hate or jealousy or a desire to take all the words written by my biggest critics, package them all up in a nice, shiny offering plate, and shove them up all of their Sodom and Gomorrah [Easterbys!!!]oh no, I, the most humble servant of the Lord and driver of the Houston Texans, would never stoop to such levels.

After this message from the self-proclaimed Messenger of the Gospel of the Holy Texans, our reporter looked to follow up:

So, why would you even think of vindictor, sorry, validation as a theme for you and the team?

You mean the team and ME. The team always comes first, remember thatwell, right after service to that most highest power, but you get the idea. Anyway, while I myself am above the pettiness of men, those that toil under me, er, work with me in the quest for divine Texansdom, well, they monitor my social media gospel, and they were dismayed to see that my, er, our message was obscured by a lot of blasphemous slander and falsehoods. The devils spawn permeates in that realm. Yet, as an Executive Vice President of Football Operations and the Ayatollah of the most Blessed Texans, you just have to walk above that.

When our reporter noted that many people were sour on Easterby due to his role in personnel decisions over the past few years, the Exalted Easterby was quick to reply:

Oh ye of little faith. The path to salvation and football paradise is not easy, nor is it smooth. There are challenges that one must face. Much like the noble literary personification of John Bunyan, you must go through pain and suffering, purging the soul of all unrighteous thoughts. For example, the blasphemy of the Smart, Tough, Dependable doctrine. We went through it all.

And I am not one to brag, this most humble Lord of the internal team political battle royal. HOWEVER, if I was cursed with an over-abundance of self-love, I would be on a major witch-hunt to ferret out the internal sources from those SI.com hit pieces, threatening to Torquemada their [Easterbys] to eternal damnationObviously, I am notanyway, yeah, about all of that, well, I think that we know how things turned out.

I had the team purify the contagion of That Player. While said That Player did have a few moments, his deceit and falsehoods caught up with him, as he is burdened with a major suspension that shalt damage his standings and his access to the robes of Babylon.

The false franchise player. Oh, that I tried to curry his favor, and tried to reach his yearning and thirstful soul, to douse the burgeoning sin within. Alas, he let himself stray from the path. Twisted and corrupted by sin. Even when I, er, we, made the leadership and personnel moves that would bring that divinely-ordained talent back to the team, he was content to gnash his teeth and rend his clothes, hiding behind his ill-gotten gains. Well, maybe Caesar did render judgement on him, but the real judgment was made, and thus, to the land of eternal cold and misery did he go. Perhaps he finds the forgiveness of the Lord. Ok, he could have had some real divine forgiveness from me, er, the teamso sorry about those slips.

Oh, and then there was the whole thing with OBrien. You know, I have nothing but love for the man, much like I have for everyone as does the Lord. Even the heretics. Yes, BOB was arrogant, head-strong and power hungry, but we did ok. Of course, when it came to assigning blame, er, the main focal point for all leadership decisions, well, the guy was GM and the Head Coach. I was but merely a humble helper with a servants heart. Well, his place in the next kingdom is fine, but you do have to pay the piper, and he clearly had to go. I did just send him a Special Order of the Easterby to celebrate the achievement.

With those moves, then we could truly remake the Texans in myheh, there I go againremake the Texans as per the divine plan. Adherents to the Word were a must, as were loyal and faithful minions, er, servants, er employeesyeah, employees. Then we had to purge the unworthy. No false idols here, no matter what good works they did. We just the other day purged another of the Smart, Tough, Dependable heretics.

Now you can see the fruits of our labor. They will study the books with passionand then maybe have a chance to review a playbook. Oh, and we just installed the new baptismal pool in the locker room. We shall purge the unrighteousness off of them upon entry into the blessed Texans kingdom. Sure, a vet or two may feel bitter about losing the old whirlpool, but what is their discomfort to the purification needed to follow the Easterby oh fiddlesticks, I did it again!!! I meant the path of Texans glory. Blessing be upon you all.

With that, we leave you, the good reader, with this update and will continue to provide the latest and greatest.

Also, we are in need of a new reporter, since the original one that filed this story apparently had a nervous breakdown. We dont have all the details, but we did get this image from the doctor treating said individual, a recent college grad on first assignment:

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Totally Not Fake News: Vindication - Battle Red Blog

Totally Not Fake News: Necessity the Mother of Invention – The Crawfish Boxes

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Houston, TX - At the time of this writing, the Houston Astros are on a bit of an upswing. After what appears to be a trademark sluggish start to the season, the teams fortunes show remarkable improvement, with the squad winning 9 of 11 games at one point. The starting rotation is showing why some thought it among the best in the league. The bullpen, with Pressly back, is proving just as effective. The offense is not quite the force is has been the past 5 years, but there are some semblances of life for the team.

However, there is a glaring issue where the Astros are concerned: The hitting of the catchers. Or rather, the blatant lack of hitting from that position. Long considered a weak spot in the lineup, the catcher position for the Astros to start the 2022 season is bad even by those standards. Consider the stat line of the primary catcher: Martin Machete Maldonado (as of 5/7/2022):

That is after a 1-3/ 1 BB performance on 5/6. Machete has never considered a force with the bat, but we are a full month into the season. If there is such thing as an easy-AB for the pitcher of the opposing team, this is it. Granted, Maldonado is seen more as a defensive guy/pitch shaper, but you probably want just a tad bit more production out of the 2 position on your scorecard.

Then, if Maldonado is really-not-good at the complicated skill of hitting a baseball (only of the three fundamental parts of baseball as per the Skipper), then can the Astros turn to another on the roster. In theory, yes, BUT, here is the stat-line for Jason Castro, the back-up catcher:

.077/.226/.077

So, you dont need a detailed understanding of modern analytics to realize that those are alsoreally not good numbers.

Well, based on that, you can understand why we start Maldonado opined Dusty Baker, as he was kicking back with his latest Merlot. He is the best bat from the catcher position. Okay, Castro will give him a day off, but serious, if a guy has an 11 point advantage in batting average, why wouldnt you go with him?

Still, this is not great. Neither Maldonado rank or Castro rank anywhere in the top 172 players for BA. The catcher position for the Astros has yielded a whooping total of 7 hits, 5 RBI and 14 walks out of a combined 83 AB. We dont have the complete time to go through all other teams, but suffice to say, a LOTTA of players have better numbers than those combined figures.

You see the numbers and line-up and you figure, the easiest out of the game, when you see them. Yet, on that Friday night game, maybe I was rattled after that dinger to McCormick, but I just throw a pitch like I normally do, and somehow, the catcher, the easiest out on the team, turned on it and blasted a homer. Never felt so embarrassed in my life. Just hope that the skipper doesnt send me to the minors lamented Tigers pitcher Beau Brieske.

Had the paperwork ready to ship his [kitten] out, but realized that we arent that good right now anyway. observed Tigers manager AJ Hinch. Still, I am warning all my pitchers that if you ever let another Astros catcher get a hit, you will be walking back, and not just to the hotel. Your [kitten] will be walking all the way back to Detroit, so you can clean out your locker and get your paperwork before we ship you to Cincinnati.

Such sentiments were echoed through out the league. Oh yeah, we have the same policy noted an unnamed AL team exec. We know that there are variances in games, etc, but honestly, if you can get an Astros catcher out during their AB, you clearly dont have any stuff.

We at Totally Not Fake News did receive a harshly worded letter from the Cincinnati Reds organization, observing that even their pitchers would suffer the consequences if they allowed a Stros catcher to get a hit off of them. Part of the statement read If this were to happen to even one of our pitchers they would lose all per diem replaced with a season-mandated diet of Sky Line chili. Apparently, this threat is taken very seriously.

Still, some feel this is overblown.

Okay, so our catchers have trouble getting hits. We are aware of that and we are working on solutions to this issue noted GM Click. When asked if that meant promoting catching prospect Korey Lee, Click shut that down. Oh no. No. We arent going to do that. Looks, the Astros brought me over to use that creativity we had in Tampa Bay, so we are going to apply those skills here. We have tons of options.

When asked, Click offered some of the following:

While we have yet to hear back from MLB on these changes. However, Totally Not Fake News will keep you up to date on any new developments from the team or the league on this situation.

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Totally Not Fake News: Necessity the Mother of Invention - The Crawfish Boxes

Authorities Warn against Fake News on Social Media Used to Turn Citizens against State – KahawaTungu

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A number of Kenyans are using social media to spread misinformation and paint the government in bad light. According to Nakuru County Commissioner Erastus Mbui, politicians are spreading falsehoods with an intention of setting up citizens against the government.

Mbui cited that among the issues which had been misreported include the fuel prices, which he claims are actually cheapest in Kenya compared to other East African countries.

The correct information is only a click away, go to the internet and search fuel prices of the other nations and compare it to Kenya, the commodity is cheaper here because of government subsidies, he said.

Read:Kenyans Who Sat for KCSE Between 2000 & 2021 Get Second Chance To Apply for KUCCPS Programs

He also cited the #Lowerfoodprices hashtag which he says had been pushed, without taking into consideration that production costs had gone up.

Mbui was speaking in a meeting with the Mid Rift Human Rights Network to assess progress in implementing the Nakuru Action Plan on Preventing and Combating Violent Extremism.

He stated that combating youth radicalization requires collective action, as the youths creativity was being exploited to create the short videos used to spread fake news.

Read also:Police Pursuing Gang That Held Nakuru Family Hostage, Stole Sh140,000

This is a plea to the public not to believe the videos and audios being shared on the internet before ascertaining their authenticity, the administrator said.

The meeting also addressed the looming threat of intimidations and chaos during the electioneering period. Mbui stated that the government was working with civil society groups, religious groups, human rights organisations, and others to raise awareness of the importance of mature politics and tolerance during this time.

Mid Rift is looking to use community-based interventions to address polarisation, radicalisation, and violent extremism in Nakuru through civic education, in order to deter adolescents from being used by politicians to cause havoc.

Read also;Kisumu Police Accused of Protecting Dangerous Gangs Terrorizing Residents

There are criminal gangs in Nakuru such as confirm and wa-TZ that are mostly used by politicians during electioneering period to intimidate opponents and their supporters, Mbui said.

He added that the county security team was working with community organizations and civil society groups to ensure newer illegal groupings do not mushroom during the polls.

Residents have also been encouraged cooperate with the security organs and the local administration in fighting crime by sharing information through toll free mobile numbers, he said.

Email your news TIPS tonews@kahawatungu.comor WhatsApp +254708677607. You can also find us on Telegram throughwww.t.me/kahawatungu

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History is fake news | Opinion | grandrapidsmn.com – Herald Review

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Country

United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People's Socialist Republic ofAlgeria, People's Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory South of 60 deg S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People's Republic ofBarbadosBelarusBelgium, Kingdom ofBelizeBenin, People's Republic ofBermudaBhutan, Kingdom ofBolivia, Republic ofBosnia and HerzegovinaBotswana, Republic ofBouvet Island (Bouvetoya)Brazil, Federative Republic ofBritish Indian Ocean Territory (Chagos Archipelago)British Virgin IslandsBrunei DarussalamBulgaria, People's Republic ofBurkina FasoBurundi, Republic ofCambodia, Kingdom ofCameroon, United Republic ofCape Verde, Republic ofCayman IslandsCentral African RepublicChad, Republic ofChile, Republic ofChina, People's Republic ofChristmas IslandCocos (Keeling) IslandsColombia, Republic ofComoros, Union of theCongo, Democratic Republic ofCongo, People's Republic ofCook IslandsCosta Rica, Republic ofCote D'Ivoire, Ivory Coast, Republic of theCyprus, Republic ofCzech RepublicDenmark, Kingdom ofDjibouti, Republic ofDominica, Commonwealth ofEcuador, Republic ofEgypt, Arab Republic ofEl Salvador, Republic ofEquatorial Guinea, Republic ofEritreaEstoniaEthiopiaFaeroe IslandsFalkland Islands (Malvinas)Fiji, Republic of the Fiji IslandsFinland, Republic ofFrance, French RepublicFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabon, Gabonese RepublicGambia, Republic of theGeorgiaGermanyGhana, Republic ofGibraltarGreece, Hellenic RepublicGreenlandGrenadaGuadaloupeGuamGuatemala, Republic ofGuinea, RevolutionaryPeople's Rep'c ofGuinea-Bissau, Republic ofGuyana, Republic ofHeard and McDonald IslandsHoly See (Vatican City State)Honduras, Republic ofHong Kong, Special Administrative Region of ChinaHrvatska (Croatia)Hungary, Hungarian People's RepublicIceland, Republic ofIndia, Republic ofIndonesia, Republic ofIran, Islamic Republic ofIraq, Republic ofIrelandIsrael, State ofItaly, Italian RepublicJapanJordan, Hashemite Kingdom ofKazakhstan, Republic ofKenya, Republic ofKiribati, Republic ofKorea, Democratic People's Republic ofKorea, Republic ofKuwait, State ofKyrgyz RepublicLao People's Democratic RepublicLatviaLebanon, Lebanese RepublicLesotho, Kingdom ofLiberia, Republic ofLibyan Arab JamahiriyaLiechtenstein, Principality ofLithuaniaLuxembourg, Grand Duchy ofMacao, Special Administrative Region of ChinaMacedonia, the former Yugoslav Republic ofMadagascar, Republic ofMalawi, Republic ofMalaysiaMaldives, Republic ofMali, Republic ofMalta, Republic ofMarshall IslandsMartiniqueMauritania, Islamic Republic ofMauritiusMayotteMicronesia, Federated States ofMoldova, Republic ofMonaco, Principality ofMongolia, Mongolian People's RepublicMontserratMorocco, Kingdom ofMozambique, People's Republic ofMyanmarNamibiaNauru, Republic ofNepal, Kingdom ofNetherlands AntillesNetherlands, Kingdom of theNew CaledoniaNew ZealandNicaragua, Republic ofNiger, Republic of theNigeria, Federal Republic ofNiue, Republic ofNorfolk IslandNorthern Mariana IslandsNorway, Kingdom ofOman, Sultanate ofPakistan, Islamic Republic ofPalauPalestinian Territory, OccupiedPanama, Republic ofPapua New GuineaParaguay, Republic ofPeru, Republic ofPhilippines, Republic of thePitcairn IslandPoland, Polish People's RepublicPortugal, Portuguese RepublicPuerto RicoQatar, State ofReunionRomania, Socialist Republic ofRussian FederationRwanda, Rwandese RepublicSamoa, Independent State ofSan Marino, Republic ofSao Tome and Principe, Democratic Republic ofSaudi Arabia, Kingdom ofSenegal, Republic ofSerbia and MontenegroSeychelles, Republic ofSierra Leone, Republic ofSingapore, Republic ofSlovakia (Slovak Republic)SloveniaSolomon IslandsSomalia, Somali RepublicSouth Africa, Republic ofSouth Georgia and the South Sandwich IslandsSpain, Spanish StateSri Lanka, Democratic Socialist Republic ofSt. HelenaSt. Kitts and NevisSt. LuciaSt. Pierre and MiquelonSt. Vincent and the GrenadinesSudan, Democratic Republic of theSuriname, Republic ofSvalbard & Jan Mayen IslandsSwaziland, Kingdom ofSweden, Kingdom ofSwitzerland, Swiss ConfederationSyrian Arab RepublicTaiwan, Province of ChinaTajikistanTanzania, United Republic ofThailand, Kingdom ofTimor-Leste, Democratic Republic ofTogo, Togolese RepublicTokelau (Tokelau Islands)Tonga, Kingdom ofTrinidad and Tobago, Republic ofTunisia, Republic ofTurkey, Republic ofTurkmenistanTurks and Caicos IslandsTuvaluUganda, Republic ofUkraineUnited Arab EmiratesUnited Kingdom of Great Britain & N. IrelandUruguay, Eastern Republic ofUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet Nam, Socialist Republic ofWallis and Futuna IslandsWestern SaharaYemenZambia, Republic ofZimbabwe

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Fact Check: No, Raghuram Rajan is NOT set to be the new Bank of England governor – India Today

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India Today's Anti Fake News War Room (AFWA) found that claims of Raghu Rajan being appointed as the governor of the Bank of England are false.

A social media post claimed that former Reserve Bank of India governor Raghuram Rajan has now been appointed as the governor of the Bank of England.

Many on Facebook shared similar posts that congratulated Rajan over his supposed appointment as the governor of the Bank of England and also lamented that he was not given more opportunities to work with the Indian government.

The India Today Anti Fake News War Room (AFWA) found this claim was false. Andrew Bailey is the current governor of the Bank of England, and his term will continue till March 2028. In 2019, it was reported that Rajan was a frontrunner for the post. At the time, he said in an interview that he did not even apply for the job.

The viral posts are archived here and here.

When we searched, we did not find any credible news report that confirmed Rajans alleged appointment as the new governor of the UKs central bank this news would have made headlines in India and England.

The banks website also listed Andrew Bailey as the governor. He was appointed on March 16, 2020, and his term as governor will come to an end on March 15, 2028.

We did not find Rajans name in the list of past governors as mentioned on the banks website.

In 2019, some news reports claimed that Rajan was among the top contenders to replace Mark Carney, the then-governor of the UKs central bank.

But in an interview with the BBC in July 2019, Rajan said that he did not even apply for the top job at UKs central bank. On Hard Talk, Rajan told anchor Sarah Montague that central banking has become much more political in recent times. Its best a country has someone who understands the political situation within that country and knows how to navigate that, Rajan added. Its obvious Im an outsider and I have very little understanding of the deep ebbs and flows of politics in that country.

This interview was reported by the Indian media as well.

Thus, we concluded that the claim that Rajan was now going to be the top boss at the Bank of England was completely false, based on some later-refuted speculation in 2019.

ClaimFormer RBI governor Raghuram Rajan has been appointed as the governor of the Bank of England.ConclusionAndrew Bailey is the current governor of the Bank of England, and his term will continue till March 2028. In 2019, when it was reported that Rajan was a frontrunner for the post, he said that he did not apply for the job in an interview.

The number of crows determines the intensity of the lie.

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Fact Check: No, Raghuram Rajan is NOT set to be the new Bank of England governor - India Today