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National Bank of Bahrain launches Bitcoin-linked structured product
October 12, 2024
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The National Bank of Bahrain (NBB) unveiled the Gulf’s first Bitcoin-linked structured product developed in partnership with crypto firm ARP Digital. The investment is only available to accredited investors. Structured products invariably include derivatives and are often customized for investors.

The Bitcoin-linked structured product will allow some returns from a crypto price rise, but the amount its capped. However, the product claims to offer 100% downside protection.

“We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection,” said Hisham AlKurdi, Group Chief Executive – Markets & Client Solutions at NBB. “This product underscores our focus on offering our wealth management clients innovative and secure avenues to diversify their portfolios.”

100% Bitcoin downside protection?

If the 100% downside protection sounds too good to be true, it’s probably not. A collar is a classic options strategy. That would involve holding the underlying Bitcoin, and buying a put option at the current price (quite expensive), which lets you sell if Bitcoin’s price falls. Additionally, it involves selling a call option at the capped return price. The money earned from selling the call option can be used to offset part or all of the cost of the put option. However, we don’t know the precise structure of this particular product.

While NBB is listed on the local stock exchange, two government linked organizations own 55% – the sovereign wealth fund Bahrain Mumtalakat Holding and the Social Insurance Organization that manages Bahrain government pension funds. ARP Digital was founded by a Goldman Sachs veteran.

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👉 It's a good thing I DONT mix emotion with investing!

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♾️ Theta's Collaboration With Origin Trail ♾️

Theta's @wes_levitt will be presenting a new collaboration between Theta &
@origin_trail at DKGcon 2024 in Amsterdam on Oct 24th! Stay tuned for more details including info on where to watch the livestream.

⚡ >MEET< @wes_levitt, Head of Strategy @Theta_Network at DKGcon2024!

Dive into the intersection of Web3 and digital content delivery at DKGcon2024 in Amsterdam! 🚀

Don't miss out: 🔗https://dkgcon.ai

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🔥 Cardano to Step Up Ethereum Rivalry With Layer-2 Solution 🔥

Cardano wants to catch up with the Ethereum ecosystem regarding its Layer-2 scaling solution. While this is not its primary goal or technological focus, some of its associated applications are making the pivot. According to a recent update from Sundae Labs, the developer of Sundaeswap, it has made impressive advancements around its Layer 2 protocol.

○ Cardano and Layer 2 protocols — Catch

As Sundaeswap noted, it has finished the initial draft specification for its L2 protocol, Gummiworm. The startup designed the protocol "to provide fast and instant transaction finality to Cardano DeFi."

Cardano is considered a relatively faster chain than Ethereum. However, according to their designs, L2s are faster, cheaper, and have more throughput. While the exact technical details around Gummiworm are yet unknown, it has triggered an expectation from community members.

If Sundae Labs succeeds with Gummiworm, Cardano might be on a path to compete with Ethereum in the long term. The natural scaling solution ...

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BlackRock Surpasses $11.5 Trillion in Assets Under Management 👀

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BlackRock Assets Under Management Hits Yet Another Record in 2024

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😷 Japan To Introduce Self-Amplifying mRNA COVID-19 Vaccine With A 90% Adverse Event Rate, And The U.S. Is Next 😷

Pharmaceutical companies are exploiting populations year-after-year, fine tuning the name of illnesses annually and marketing new cures that only make people sicker. Beginning this fall, Japan will introduce a self-amplifying mRNA COVID-19 vaccine as part of its vaccination program for the 2024-2025 fall and winter seasons. The vaccine, Kostaive (ARCT-154), will be available for 7,000 yen ($47) to individuals aged 65 and older, as well as those aged 60 to 64 with severe underlying health conditions. It is part of a two-dose series.

In clinical trials, a near 90 percent adverse event rate was recorded after the first dose. These adverse events were disregarded, however, as Japan approved the jab. The United States is also looking to approve these jabs in the coming years.

World’s first self-amplifying mRNA vaccine will be released in Japan

ARCT-154 became the world’s first self-amplifying mRNA COVID-19 vaccine after receiving approval from Japan’s Ministry of Health, Labour, and Welfare in November 2023. It was developed by biotechnology firm CSL in collaboration with Arcturus Therapeutics.

Unlike mRNA vaccines — which only produce the spike protein necessary for immune response as long as the mRNA persists — saRNA vaccines are engineered to create copies of themselves and the proteins they encode. This "biological printing press" could theoretically amplify the vaccine’s presence and multiply its effects within the body indefinitely.

According to CSL, the vaccine demonstrated higher immunogenicity and a favorable safety profile compared to original mRNA vaccines during clinical trials. However, independent vaccine researchers are voicing serious concerns regarding the safety and efficacy of this untested technology.

Dr. Nicolas Hulscher stated, “These products are completely new. There is absolutely no long-term safety data on them.” In trials for ARCT-154, he noted a near 90 percent adverse event rate after the first dose, with clinicians observing significant systemic reactions in participants. Serious and medically-attended adverse events were only recorded from Day 1 to Day 92.

Karina Acevedo Whitehouse, a microbiology professor, emphasized the lack of comprehensive studies on the long-term effects of self-amplifying mRNA technology. She pointed out that there are no assessments of potential cellular transformations, including the risks of cancerous mutations or inflammatory responses. “We simply do not know what the consequences could be,” she warned.

“There have also been no studies conducted on trans-generational effects — for instance, teratogenicity [birth defects] — of self-amplifying mRNA injections,” she said. “We simply do not know what the consequences could be.”

Further raising concerns, a Cambridge University study revealed that original mRNA vaccines could trigger unintended immune responses in a third of recipients, leading to possible autoimmune reactions. Whitehouse linked the increase in certain cancers observed since 2021 to the effects of mRNA technology on cellular pathways.

Self-amplifying mRNA vaccines, which include an enzyme that allows for the replication of the injected mRNA, may pose even greater risks than the original mRNA vaccines. Experts suggest that the sustained antigen production could lead to heightened risks, making these new vaccines akin to “conventional mRNA injections on steroids,” as Hulscher described.

U.S. considers using self-amplifying mRNA vaccines, which are really runaway bioweapons

The United States is planning to use these new vaccines. The Biden regime has already partnered with several companies to develop self-amplifying mRNA vaccines for future plandemics. In other words, companies are conspiring to create a line of self-amplifying vaccines so they can profit from future virus constructs and subsequent pandemic messaging and vaccine marketing campaigns. CastleVax, Codagenix and Gritstone Bio have already received contracts from the Department of Health and Human Services under the federal government’s Project NextGen.

Project NextGen claims to accelerate and streamline the rapid development of the next generation of vaccines and treatments by spearheading public-private collaborations. In September of 2023, Gritstone Bio locked in a $433 million contract to simply “conduct a mid-stage study of its self -amplifying mRNA COVID-19 vaccine candidate,” so there have been products in development for some time. Gritstone Bio has previously received funding from the Bill and Melinda Gates Foundation, which seeks to capitalize on their vaccine investments. Gritstone Bio’s partners also include BlackRock and State Street, official partners of the World Economic Forum. These bioweapon investments are too-big-to-fail, and the courts are not holding vaccine manufacturers accountable for harming millions, so it's likely that saRNA vaccines will be coming to the U.S. soon.

Sources include:

ChildrensHealthDefense.org

WhiteHouse.gov

Nature.com

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💥 Introducing the Theta Hackathon Video / Rendering track winner: TPLAY 💥

Another successful Theta Hackathon has been completed, with a brilliant group of winning projects in the AI, video, and gaming sectors! We thank all the awesome developers and teams that submitted projects to this edition of Theta Hackathon, helping to build the decentralized future of AI in media and entertainment. In the coming weeks, we’ll be highlighting all the top projects.

Next up is the Video / Rendering track winner, TPLAY.

TPLAY is a social network for sharing videos, built on Theta Network. It lets users upload or create AI-generated videos, participate in contests, and win exciting prizes. This innovative platform transforms the way users create, share, and interact with video content, offering a unique blend of technology and creativity. Join in this new era of decentralized video sharing and discover the endless possibilities with TPLAY. It’s as simple as its tagline: Share. Compete. Win.

https://vimeo.com/987662545

Platform Description

TPLAY is not just another video-sharing platform; it is a dynamic ecosystem that empowers users to take full control of their content and its potential. With TPLAY, you can:

Share Your Videos:

  • Upload and share your video content securely and efficiently.
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Generate Videos with AI:

  • Utilize advanced AI tools to create captivating video content effortlessly.
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Win Prizes Based on User Engagement:

  • Participate in weekly contests where your video content competes for audience engagement.
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  • Engage your audience and climb the leaderboard to win exciting prizes and gain recognition.

Use Interactive and Engaging Features:

  • Like, comment, and share videos within the community to drive engagement and support your favorite creators.
  • Receive real-time updates and notifications about contest standings, video processing, and more.
  • Store video cover images securely with Theta Edge Store, making your content easily retrievable and visually appealing.

Technical Overview

The application architecture leverages modern web technologies and integrates with the Theta Network blockchain for various functionalities.

User Interaction:

  • Users access the TPLAY web application through a browser.
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Video Upload and Processing:

  • Users upload videos through the web application.
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  • Video Services handle the processing and storage of video content on the Theta Edge Network.

Blockchain Interactions:

  • The web application interacts with deployed smart contracts on the Theta Network for handling tokens and contests.
  • TNT TPlay Token transactions are facilitated for ecosystem interactions.
  • Contest smart contracts manage contest entries, prize pools, and reward distribution.

Data Storage:

  • User and video metadata are stored in a PostgreSQL database.
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AI and Webhook Services:

  • AI services generate video content as needed.
  • Webhook services handle real-time updates and notifications related to video processing and contests.

Future planned improvements to TPLAY include introducing more sophisticated AI tools for video creation and enhancement, establishing a DAO where users can propose new features and vote on platform changes, a Video Studio Creator which will be a powerful tool that allows users to edit, enhance, and generate videos with ease, and transitioning to a fully decentralized storage solution, ensuring complete security, transparency, and user control over data.

Congratulations Matteo, Dario, Francesco C., and Francesco M., and thank you for your contributions to the Theta Ecosystem!

 

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Japan’s Aozora Bank inks stablecoin deal with GU Group. Also invests

Japanese startup Gu Group said it signed a memorandum of understanding with Aozora Bank to ‘consider’ issuing stablecoins. Japan has three different types of stablecoins, with banks capable of issuing two of them – either deposit tokens or trust-based stablecoins where the assets are ring-fenced and held on behalf of the issuer. This agreement is for trust-based stablecoins. Additionally, Aozora also invested Yen 150 million ($1 million), bringing the total Gu Group backing to Yen 1 billion ($6.7 million).

Gu Group is the founder of Japan Open Chain, an Ethereum compatible public blockchain where the nodes are operated by enterprises. The validators include Sony subsidiary Corgear, NTT Docomo, Dentsu and Fukuoka Financial’s digital bank, Minna no Ginko.

One of Gu’s subsidiaries has developed the Gu Coin Studio for the issuance and distributions of stablecoins and is designed to link to existing accounting systems.

Gu previously ran a stablecoin trial with three smaller banks, Minna no Bank, which is now a blockchain validator, Tokyo Kiraboshi Financial Group and Shikoku Bank.

Aozora Bank has other indirect digital currency interests. GMO Aozora Net Bank is the first bank participant in the DCJPY initiative, the Japanese tokenized deposit platform, which was launched in late August. Aozora owns half of GMO Aozora Net Bank, but its partner GMO is an investor in DCJPY’s creator, DeCurret.

Meanwhile, one of the most interesting stablecoin initiatives out of Japan, was the recent announcement by Progmat Coin that Japan’s big three banks will use stablecoins for cross border payments. Rather than getting clients to use wallets, they will initiate payments in the conventional way, and the banks will use the stablecoins behind the scenes.

 

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