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The Binance’s Warren Buffett Playbook to Prevent Crypto Recession

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A few days ago,  I wroteWarren Buffett lent money to Goldman Sachs in the valley of the 2007-2008 great recession and calmed markets”. When Binance pulled out of the FTX acquisition deal, I noted that the crypto world desperately needed its Warren Buffet: “Indeed, FTX is largely a yoyo company and cannot meet its obligations, and if that happens, the domino effect will be the first Great Crypto Recession with no saviours on sight.”

To avoid recession after the FTX collapse, which is causing havoc for Binance and others, Binance now wants to bailout, not really FTX, but some entities in the industry. It is setting up an ‘Industry Recovery Fund’.

But note this, Warren Buffett did not save the banks during the great recession; it was the government which did. But Buffett provided a quasi-bridge which supported the government’s playbook. Indeed, besides this Industry Recovery Fund, Binance and its peers should march to the Securities & Exchange Commission (SEC) and say: “Please regulate the cryptocurrency industry. We need help”. 

The most important pending innovation in the crypto industry is US government regulation. If that happens, many good things will take shape.

 

Crypto Liquidity Crises Force Binance to Set up ‘Industry Recovery Fund’

Crypto Liquidity Crises Force Binance to Set up ‘Industry Recovery Fund’

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Following the recent crypto liquidity crisis caused by the collapse of FTX, CEO of Binance Changpeng Zhao in a bid to help projects who are otherwise strong but in a liquidity crisis has disclosed that the firm is setting up an ‘Industry Recovery Fund’.

In a statement made via a Tweet, he said, “To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify.

Crypto is not going away. We are still here. Let’s rebuild,” he added.

The Binance CEO also stated that other industry players with cash are welcome to co-invest in the project to mitigate the liquidity of cryptocurrencies in the market.

Following his recent announcement, it has led to a surge in the price of Bitcoin and the overall crypto markets. Bitcoin surged from a 24-hour low of $15,906 to a high of $16,580 while Ethereum bounced from a 24-hour low of $1,180 to a high of $1,233.

Also, while speaking at a summit in Bali, in a gathering of G20 leaders, the CEO called for new but stable rules and regulations for the industry, noting that new players in the industry are cutting corners, without following due processes.

In his words, “We’re in a new industry, we’ve seen in the past week, things go crazy in the industry. We do need some regulations, we do need to do this properly, we do need to do this in a stable way”.

The FTX collapse which saw it lose over $ 2 billion in value of FTT token, wiping out approximately $100bn from the crypto market cap has no doubt landed a big blow to the crypto industry.

Given FTX’s high profile, which saw it strike deals with sports stars like Tom Brady and a massive $135 million deal to rename the Miami Heat stadium, there are fears that its collapse will have a cascading effect on the entire industry, with more big firms predicted to follow the same path.

In a recent event, the company’s CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy after the dramatic events that saw the exchange platform face a liquidity crunch which led to the freeze of withdrawals after customers rushed to get their funds off the trading platform.

There are reports the firm may have used customers’ deposits to fund bets at Bankman-Fried’s hedge fund, Alameda Research, a violation of US securities law.

Currently, the collapse has sent panic to businesses and organizations that have made investments in the platform, as they face the risk of their funds vanishing after FTX halted withdrawals of funds.

Recall that Binance tried to rescue the platform but walked away from the deal after it stated that the company has so many issues beyond its control, majorly manhandling of customers’ funds.

Financial Experts and industry players have disclosed that the FTX crash has posed a serious challenge to the crypto industry, stating that it will take a long time before it recovers.

“This was one of the most trusted entities in the crypto space, so it will take some time to recover”, said Jay Jog, co-founder of Sei Labs.

Tekedia Capital Invests in FuelFact to Digitize Downstream Oil & Gas Sector

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On behalf of our members and partners, Tekedia Capital is excited to announce an investment in FuelFACT Technologies Solutions Inc. FuelFact has created a category-king solution which brings uncommon transparency and visibility in the downstream sector of the oil & gas sector. From the depot to the storage tanks, to the dispensing units, FuelFact delivers revenue assurance to partners.

With its FuelPay technology,  you have the first integrated forecourt automation (FCA), Wetstock management (WSG), and FuelPay epayment platform, in Nigeria. Its customers are some of the leading players in the downstream oil & gas sector.

Tekedia Capital welcomes founders Isidore and Igbo to the best investing ecosystem in Africa: welcome to Tekedia Capital, the 2021 winner of Best VC/Angel Fund – Nigeria.

To learn about Fuelfact, go here . For Tekedia Capital, go here.

Dr. Yasam Ayavefe Provides an Overview On Thermodynamic Solar System – The Objectives, Actions And Challenges

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As with solar thermal, technologies related to this sector aim to convert solar radiation into thermal energy.

The principle of these technologies is to intensify the solar radiation sufficiently to be able to heat a heat transfer fluid at a high temperature (250°C to 2000°C).

The heat thus stored by the fluid can be used directly for industrial uses or used to generate electricity via a steam turbine.

Compared to photovoltaic, where production stops in the absence of sun, production can continue beyond the insolation period where there is a storage tank for the heated fluid.

There are several types of technologies: 

Cylindrical-parabolic solar power plants: Parabolic troughs with a radius of curvature of 2 to 2.5 m and a length of about 20 m concentrate the sun’s rays on a tube of heat transfer fluid.

Linear Fresnel reflectors, which can be regarded as a technology derived from cylindrical-parabolic plants, employing flat and near-ground half-plane mirrors and concentrating rays on fixed receiver tubes.

These mirrors can rotate to follow the path of the sun throughout the day.

Tower solar power plants: Multiple adjustable mirrors, called heliostats, concentrate solar energy on a single boiler located on a tower.

Dish-Stirling solar parabolas: This technology uses a parabolic mirror about ten meters in diameter in an external combustion Stirling engine whose hot source is sodium, the driving gas is helium or hydrogen.

Under conditions known to date, these technologies require significant direct sunlight.

Important Figures of the Sector

According to tests conducted for the first time in 2015, the photovoltaic figures are as follows:

  • Around 95 GW in Europe
  • Approximately 230 GW worldwide.

Objectives

Released on November 2, 2016, the multi-year energy program set a target of 10.2 GW for 2018 and a range of 18.2 to 20.2 GW of solar capacity for 2023.

The multi-year energy program is aimed at accelerating the development of the photovoltaic sector compared to the pace of development in previous years.

It places priority on artificial sites to protect projects while emphasizing competitive solutions such as ground-mounted photovoltaic plants.

To achieve these targets, new calls for tenders were launched in 2016, resulting in approximately 1.6 GW of project allocation for 2017.

Thermodynamic solar requires very good direct sunlight conditions (>1900 kWh/m²/year). This limits the potential to specific geographic regions: Mediterranean countries in Europe, United States, India, North and South Africa Africa, Middle East, China, Australia, South America.

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Thermal Energy

Production and installed capacity

The European fleet of solar collectors amounted to 47,000,000 m², equivalent to 32.9 GWth at the end of 2014.

In 2014, the European solar market, the sector devoted to hot water and heating production, showed a further decrease with the collector area installed below 3 million m² (ie 2150 MWth equivalent) bar, down 3.7. This is the sixth consecutive year of decline, with an installation level comparable to 2007.

The industry has entered the phase of redirection of sales points. Especially in the renewal market, if the thermal regulations are strengthened, in individual residences and collectively, if there are prospects, new markets can be conquered in terms of industrial applications and areas of solar collectors, in terms of connecting heat to heating networks.

The expansion of these high-power plants will thus contribute to a drastic reduction in production costs. In addition, the development of hybrid solutions will contribute to the development of the sector. 

Actions and Challenges

Improve regulations to encourage industry development.

In the new housing sector, thermal regulations, which include the obligation to use renewable energy in detached houses, are in favor of the sector.

However, solar is in competition with some equipment that costs less to install and also meets its criteria. Strengthening regulatory criteria in the thermal regulation of new buildings will make it possible to promote more efficient solar equipment.

Improve quality and reduce costs.

Structuring the market and optimizing the systems has made it possible to reduce the equipment cost by 20% to 25% over the last five years.

Efforts still need to be made for high installation costs. The development of large-scale solutions in industry should also have an impact on individual and collective solar prices.

In the individual sector, the sector is structured and certificates are created for sensors and installation. The industry must collectively increase skills.

It should also manage any counter references that may have been observed in the past due to design, implementation or operational issues. RGE competence is being developed in response to these concerns.

Dr. Ya?am Ayavefe 

Click the below links to view Dr. Yasam Ayavefe’s projects:

https://greenclimate.io/

Yasam Ayavefe

Milaya Capital

 

Can Ethereum Hit $2k This Month? Orbeon (ORBN) Price Predicted To Rise 60x

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Ethereum’s price tumbled in the last week, breaking through crucial support. There’s one token that could 60x in the coming days.

Ethereum extended losses and dropped below $1,400 this week, after a major crash in crypto markets. Technical indicators show that a turnaround for the token is unlikely. Ethereum broke crucial support at the $1,227 mark, at the convergence of its symmetrical triangle pattern. With that break, ETH could fall to the $1,000 mark.

The drop would bring ETH to its lowest level in four months. If you are thinking of investing in Ethereum, it may soon be a great time to do so. However, be prepared for both highs and lows in the coming months.

In the long run, ETH will likely do very well. Ethereum is the biggest blockchain network that runs smart contracts: applications that run exactly as programmed without possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property.

Ethereum’s popularity has enabled a surge in crypto startups. Companies from all over the world are building decentralized applications. These companies need funding, which is where Orbeon Protocol comes in.

>>BUY ORBEON TOKENS NOW<<

Orbeon Protocol (ORBN) – New Token With Huge Potential

Orbeon Protocol is a decentralized venture capital and crowdfunding platform built on the Ethereum blockchain. The protocol allows anyone to launch and manage a crowdfunding campaign, or to invest in one.

Orbeon Protocol is designed to provide transparency and accountability by making all transactions public and immutable. Moreover, the use of smart contracts ensures that funds are only released if certain conditions are met. For example, the smart contract automatically refunds investors if a project doesn’t meet its funding goal. Trading on the platform will be done through the use of fractional NFTs. Small traders will be able to invest in a company for as little as $1.

This makes the Orbeon Protocol an attractive option for both entrepreneurs and investors. The Orbeon Protocol is still in its early stages, but it has the potential to revolutionize the way startups are funded. Holders of the $ORBN token will get access to exclusive benefits and passive income by staking their tokens. They will also receive discounts on trading fees through the platform. The lucrative and growing venture capital industry means that Orbeon Protocol could make huge gains if it can take a share of the pie.

Orbeon Protocol is currently in the first stage of its pre-sale, selling for $0,004. Experts believe that it could soon make 60x gains, reaching $0.24.

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol