Weekly Newsletter 14.0

Ahoy, 

Greetings!! We're excited to share a few updates and the events that happened in the past week. We have been expanding our presence globally, with a focus on raising awareness about the benefits of investing in maritime assets as a new alternative investment option. We keep bringing the best of things for our community which believes in revolutionizing the trillion-dollar economy.

"Whenever the price of cryptocurrency is rallying, people start spending a lot more." — Erik Voorhees

Before we jump in, here's a summary of ShipFinex's last Newsletter Series.

Community Meetup in Venezuela - February 25th, 2023: 

We had a great turnout for our community meetup in Venezuela on February 25th, 2023. Our community members had the opportunity to connect, learn more about our platform, and discuss the future of real-world asset tokenization. We would also like to extend our gratitude to our ambassador @marymlp_8 for making this event possible. Most of the people were from a crypto background, and a few were very new to the crypto industry.

LinkedIn spaces on whether the maritime industry is ready for the Blockchain revolution or not:

We recently hosted a space on the topic of "Is the maritime industry ready for the Blockchain revolution". 

The event aimed to explore the question of whether this new technology is just hype or has the potential to truly revolutionize the way we manage and invest in assets.

The space event was a fantastic opportunity for attendees to network with industry experts and individuals who share their interests, as well as to gain a deeper understanding of this industry. Through engaging discussions, attendees learned about the benefits of on-chain management and the role of blockchain technology, as well as the potential impact on traditional financial markets.

https://www.linkedin.com/events/isthemarinindustryreadyforthebl7034870448655904768/

Beta version of Maritime exchange platform test launch is around the corner :

We are thrilled to share with you all that our beta version test is going to be live very soon!! Get ready testers.

In the coming weeks, we will be launching the testnet of our platform. We're counting days on the calendar.

All of you stay tuned to know more about the launch on all our social channels.

Here is the form link:

https://docs.google.com/forms/d/e/1FAIpQLSfKEGz_YHPPjh-bRD_QGpCwIC4qtby3MBp6qnzf8NtT39taUQ/viewform

Upcoming community meet-up in Kolkata:

We are so excited to announce our upcoming community meet-up in Kolkata on March 4th, 2023.

We are thrilled to meet you all and to expand our presence in India's major cities, with a focus on raising awareness about the benefits of investing in maritime assets as a new alternative investment option. We've been pushing the boundaries and highlighting the practicality of investing in these assets for both Web3 and maritime users.

Get ready to dive into the latest trends or real-world asset tokenization, news, & developments in the world of crypto & maritime industry.

Latest web3 updates:

eToro Obtains Regulatory Approval to Provide Crypto Services in New York:

Amidst a clear regulatory command against crypto in the US, one trading platform has just added an interesting shift to the narrative. eToro has obtained regulatory approval to offer crypto services in the state of New York. Specifically, it has been granted both a BitLicense and a money transmitter license.

The approval was done by the NYDFS, the primary regulatory agency in the state. Moreover, BitLicense is a virtual currency license allowing the platform to greater serve customers in the realm of digital assets within the state.


After Dubai, Another UAE Region Welcomes Crypto-Businesses:

According to reports, the decision was made at the Blockchain Life 2023 conference. RAK Digital Assets Oasis wants to create a free zone only for companies that offer services related to cryptocurrencies and other digital assets.

Al Qasimi stated,

“We are building the free zone of the future for the companies of the future. As the world’s first free zone solely dedicated to digital and virtual asset companies, we look forward to supporting the ambitions of entrepreneurs from around the world with our progressive, supportive, and quick-to-adapt approach and our innovation-enabling environment.”

Ethereum Energy Consumption Drops to 99.99% Post-Merge:

As the merge transition to proof-of-stake was successful, the drop in energy consumption is out. Visibly, energy consumption has dropped considerably. As per the initial reports that came out, the energy consumption and carbon footprint have slumped more than what was expected.

ConsenSys, a software company focused on Ethereum, authorized the analysis from the Crypto Carbon Ratings Institute (CCRI). It claims that Ethereum currently uses 99.99% less energy. That’s not all, the carbon footprint of the blockchain has also dropped by 99.99%.

As per the CCRI report, the estimated energy consumption is now around 2,600 megawatt hours per year. The annual CO2 emissions have also dropped from 11 million to only 870.

Coinbase to Suspend Binance USD (BUSD) Trading:

Coinbase has recently announced in one of their recent tweets that the exchange is planning to suspend the trading of Binance USD (BUSD). The exchange mentioned that trading will be suspended on March 13, 2023, at or around 12:00 p.m. EST.

The exact reason for the delisting has not been mentioned. However, Coinbase stated that they regularly monitored the assets on the exchange to ensure they met the listing standards.


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Join ShipFinex as we traverse into the depths of Maritime and Web3

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