nugenesis – Page 2

NuGenesis Comprehensive 2-part Review of proposed amendment of the Federal Reserve Act (Part 2)

SWEEEPING REFORMS AND EFFECT ON STABLE COINS (The Digital Assets Market Structure and Investor Protection Bill.) The sweeping legal reforms and the down-under solution The “Digital Asset Market Structure and Investor Protection Bill” seeks to prohibit stable coins. Proposed US Code section 5104(a) provides that “no person may issue, use or permit to be used a digital asset fiat-based stablecoin that is not approved by the Secretary of the Treasury”. Section 5104(4) makes clear that there will be “no grandfathering of existing digital asset fiat-based stablecoins”. Unless some approval is given to USDC or USDT, these crypto assets are

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NuGenesis Comprehensive 2-part Review of proposed amendment of the Federal Reserve Act (Part 1)

The “Digital Asset Market Structure and Investor Protection Bill” makes a comprehensive regulation of the crypto industry. It is inevitable. There is much to complain about. However, what it does signal is that distributed ledger technology has come of age. It is no longer the domain of geeks, anarchists or those thumbing their nose to bank oligopolies. It is mainstream, and the US Government is telling the world, “Governments want in” on the action. The Federal Reserve Act is proposed to be amended to provide the Federal Reserve System “is authorised to use distributed ledger technology for the creation, distribution

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NuGenesis Network Full Review (Part 2)

The blockchain ecosystem, that is taking the world of technology by storm We are living in a world of rapid change and innovation. Everything around us is changing at an exponential rate and it is shifting the world from one idea to another, not simply to engage and impress people, but to encourage them to have fun, earn a good livelihood, build wealth and secure a stable financial future. Also Read: A Comprehensive Review of the NuGenesis Network (Part 1 of 6) Since 2009, a spotlight has been shone on a new technology based idea called Blockchain. This revolutionary ledger

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A Comprehensive Review of the NuGenesis Network (Part 1 of 6)

The new player on the block, a blockchain that is taking the world of technology by storm. Many people have heard of Polkadot, Cardano, Ripple, Ethereum, Solana and Matic. However, few are yet to learn about one of the oldest established blockchains and systems that has proven to be the leader of innovation. A network of Blockchains that form a unique and powerful system of cross chaining. When first hearing about Nugenesis and Nucoin, the first impression, one gets, is, this can’t be real…. How can a system that delivered what Cardano promises, delivered what Ethereum is striving for and

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Hollywood MPSC Platform Awarded First Nugenesis Nuchain Slot

NuGenesis Signs major contract to deliver on much discussed, Hollywood MPSC Platform (Multimedia and Product Service Coin). Want to own an NFT that not only gives you royalties but also gives you bragging rights, giving you the opportunity to own a piece of your favorite movie scene with rights and conditions attached? Taking smart contracts to a completely new level, while simplifying the NFT procurement and ownership process? Thanks to a partnership between NuGenesis and Iggy Kos. Soon, you might be able to. NFTs have become the new craze globally. Smart contracts and NFT’s have been gaining traction in

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Nugenesis Ecosystems – Upholding the Principles of Monotheism Financial Practices, Paving the Way for Future Application of Islamic and Non-usury Banking

Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat? All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc. Some may argue that government-issued fiat currencies do not have any intrinsic value and may be incompatible with a careful interpretation of Sharia law. This would pose a problem for the burgeoning Islamic finance industry, which aims to produce financial returns in compliance with religious law. While this argument has been

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Nugenesis Smart Chain, Now on Mainnet

In economics jargon, a fungible token is an asset that can be exchanged on a one-for-one basis. Think of dollars or bitcoins — each one has the exact same value and can be traded freely. By contrast, a non-fungible object like an old house or a classic car, has its own distinct value. Cross this notion with cryptocurrency technology known as the blockchain and you get NFTs. These are effectively digital certificates of authenticity that can be attached to digital art or, well, pretty much anything else that comes in digital form — audio files, video clips, animated stickers, this

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What are NuChains?

Nuchains are the diverse individual layer-1 blockchains that run in parallel on the Nugenesis Network and are secured by its sovereign consensus and validator set. The key to NuGenesis scalable multichain Network, NuChains share in and benefit from the network infrastructure including and not limited to the Ledgerx.exchange, launch pads, cross-chain, and reduced hosting prices. NuChains can also connect to external networks such as Bitcoin and Ethereum using cross-network bridges. NuChains can be customized to meet the demand of any blockchain, NuChain can bring the idea of a developer to the forefront of production, without the need for the hiring of

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Nugensis Blockchains: Be Bullet-Proof From Security Laws Action

The House passed the Eliminate Barriers to Innovation Act (20 April 2021). The passed act requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group with the goal of clarifying in which cases the jurisdiction over a certain token belongs to SEC and in which to CFTC. SEC’s Commissioner, Hester Peirce, has published an updated version of her Safe Harbor proposal for token offerings (13 April 2021). The updated Safe Harbor proposal updates Peirce’s 2020 proposal, which suggested a three-year grace period for network developers within which, under certain conditions, they can facilitate participation in and the development of

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Nugenesis Proposes a Carbon Offset Solution, Through Multi Treasury Bitcoin Systems

How much energy does an industry deserve to consume? Right now, organizations around the world are facing pressure to limit the consumption of non-renewable energy sources and the emission of carbon into the atmosphere. But figuring out how much consumption is too much is a complex question that’s intertwined with debates around our priorities as a society. The calculation of which goods and services are “worth” spending these resources on, after all, is really a question of values. As cryptocurrencies and Bitcoin in particular, have grown in prominence, energy use has become the latest flashpoint in the larger conversation about

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