اگر آن ترک شیرازی به دست آرد دل ما را

به خال هندویش بخشم سمرقند و بخارا را

کنار آب رکن آباد و گلگشت مصلا را

چنان بردند صبر از دل که ترکان خوان یغما را

به آب و رنگ و خال و خط چه حاجت روی زیبا را

که عشق از پرده عصمت برون آرد زلیخا را

جواب تلخ می‌زیبد لب لعل شکرخا را

جوانان سعادتمند پند پیر دانا را

که کس نگشود و نگشاید به حکمت این معما را

که بر نظم تو افشاند فلک عقد ثریا را

اگر آن ترک شیرازی به دست آرد دل ما را

بده ساقی می باقی که در جنت نخواهی یافت

فغان کاین لولیان شوخ شیرین کار شهرآشوب

ز عشق ناتمام ما جمال یار مستغنی است

من از آن حسن روزافزون که یوسف داشت دانستم

اگر دشنام فرمایی و گر نفرین دعا گویم

نصیحت گوش کن جانا که از جان دوست‌تر دارند

حدیث از مطرب و می گو و راز دهر کمتر جو

غزل گفتی و در سفتی بیا و خوش بخوان حافظ

صلاح کار کجا و من خراب کجا

ببین تفاوت ره کز کجاست تا به کجا

کجاست دیر مغان و شراب ناب کجا

سماع وعظ کجا نغمه رباب کجا

چراغ مرده کجا شمع آفتاب کجا

کجا رویم بفرما از این جناب کجا

کجا همی‌روی ای دل بدین شتاب کجا

خود آن کرشمه کجا رفت و آن عتاب کجا

قرار چیست صبوری کدام و خواب کجا

صلاح کار کجا و من خراب کجا

دلم ز صومعه بگرفت و خرقه سالوس

چه نسبت است به رندی صلاح و تقوا را

ز روی دوست دل دشمنان چه دریابد

چو کحل بینش ما خاک آستان شماست

مبین به سیب زنخدان که چاه در راه است

بشد که یاد خوشش باد روزگار وصال

قرار و خواب ز حافظ طمع مدار ای دوست

الا یا ایها الساقی ادر کأسا و ناولها

که عشق آسان نمود اول ولی افتاد مشکل‌ها

ز تاب جعد مشکینش چه خون افتاد در دل‌ها

جرس فریاد می‌دارد که بربندید محمل‌ها

که سالک بی‌خبر نبود ز راه و رسم منزل‌ها

کجا دانند حال ما سبکباران ساحل‌ها

نهان کی ماند آن رازی کز او سازند محفل‌ها

متی ما تلق من تهوی دع الدنیا و اهملها

الا یا ایها الساقی ادر کأسا و ناولها

به بوی نافه‌ای کآخر صبا زان طره بگشاید

مرا در منزل جانان چه امن عیش چون هر دم

به می سجاده رنگین کن گرت پیر مغان گوید

شب تاریک و بیم موج و گردابی چنین هایل

همه کارم ز خودکامی به بدنامی کشید آخر

حضوری گر همی‌خواهی از او غایب مشو حافظ

سخنرانی: شادی درون و سلامت زندگی

سخنرانی دکتر الهی قمشه ای در خصوص شادی درون و سلامت زندگی

 

El Salvador Unfazed by Bitcoin’s Recent Price Drop

The price of Bitcoin went down sharply on Tuesday, plunging 19% from $52,956 to $42,900 yesterday, undoing the gains it made recently and wiping out more than $180 billion in market value. El Salvador, the country that officially adopted bitcoin as legal tender yesterday, appeared unfazed by the dip, and capitalized on it instead. The country simply purchased another 150 BTC as soon as the price was right.

According to analysts, the reason for the drop was clear. Investors were choosing to sell while the price was still high, after bitcoin had failed to rise above the significant limit of $ 53,000 recently. The digital currency had become 12% more valuable since the end of last month. In April, bitcoin reached an all-time record with $ 64,895.

El Salvador becomes the first country in the world to legally adopt bitcoin and accepting it as a legal tender. Every resident who opens an account in the government’s bitcoin wallet Chivo, receives a $ 30 bitcoin gift. The Central American country has recently bought 400 bitcoins for about € 17.5 million. Earlier on Tuesday, Salvadorans who were trying to download the Chivo digital wallet found that it was not available on the popular app stores. A later tweet from president Bukele mentioned that the government had temporarily unplugged it, to connect more servers to deal with the overwhelming demand.

Though many may have tried to open Chivo, most Salvadorians are not all running to the newly opened bitcoin machines to change their dollars to Bitcoin. Surveys have shown that Salvadorans are skeptical about the use the digital currency, mainly because they believe its value fluctuates too much. People are used to a very stable US dollar.

The fact that bitcoin’s value dropped so sharply on the first day, may not help generate the trust president Nayib Bukele is looking for in its citizens. And the mistrust in the digital currency reached a climax with more than 1,000 people marching in El Salvador’s capital San Salvador on Tuesday, to protest the adoption of bitcoin as a legal tender.

Companies in the El Salvador will have to accept the digital currency in exchange for goods and services. The government will also accept bitcoins for paying taxes. But protesters feel the poorest may struggle with the technology to make bitcoin accessible to them. Right now, nearly half the population has no internet connection, or has very spotty connectivity.

But president Bukele is full of trusts. “Like all innovations, El Salvador’s bitcoin process has a learning curve,” Bukele said in a tweet. “Not everything will be achieved in a day, or in a month.”

With bitcoins, it becomes cheaper for El Salvador residents working abroad, mostly in the United States, to send money to their families in El Salvador. It costs Salvadorian’s hundreds of millions of dollars in bank commissions every year to send their family members US dollars.

Regardless of the possible price fluctuations El Salvador plans to buy many more bitcoins, President Nayib Bukele said earlier on Twitter. In 2020, the small country had a gross domestic product of more than $ 24 billion. According to the World Bank’s most recent figures, 29% of the population lives below the poverty line. For the time being, the country will still accept US dollars too.

source: the blockchain web site

Could Walmart’s Crypto Expert Vacancy Reveal a Future Crypto Strategy?

Walmart, the largest private employer in the United States, with 2.3 million employees placed a vacancy seeking a crypto expert to oversee, what could be, their upcoming digital currency push. The US supermarket chain has placed the add for the position of product leader who will have the important task to outline their cryptocurrency strategy.

According to the job posting Walmart is looking for a “visionary leader”, with at least 10 years of product management or technology experience to develop its blockchain strategy, preferably someone possessing “significant functional knowledge of the cryptocurrency ecosystem and an entrepreneurial mindset”.

Walmart has been experimenting with blockchain for quite some time now. In 2018, the company started started using IBM’s food tracking solution for leafy vegetables. The Chinese branch of Walmart even made their products traceable via VeChain. In 2019, Walmart filed a patent to launch a US-based stable coin that would benefit low-income households that do not have good access to banking services.

Although the complete job description of the newly aquired crypto expert is not entirely out in the open yet, as the vacancy mainly describes who they are looking for, and not so much what the job might entail, Walmart might be dusting off the idea to start its own coin again.

Walmart is not the only company that has been plunging into to the digital deep of cryptocurrency. Amazon has shared a similar vacancy, but says it’s not going to accept bitcoin any time soon. Other companies such as JPMorgan Chase, Apple and PayPal, are all hiring for cryptocurrency positions.

Other companies such as Whole Foods, Starbucks and Home Depot already allow customers to pay with cryptocurrencies, although indirectly for now, through applications that convert the digital currency into U.S. dollars.

source: the blockchain web site

The Cryptocurrency Whale Phenomenon: How do Investors thread Volatility Splashes?

Cryptocurrencies remain extremely volatile. Bitcoin is consistently on track for topping their biggest monthly increase and decline. It faced one of their record-highs of 37.5% decline just this May 2021, and frequently sees drops like 37% drop seen in November 2018 and 40% slide in September 2011. Most recently, the price of bitcoin climbed to $34,805.19 Monday 28th June 2021, up 8% from where it stood at 5 p.m. ET Friday, after Mexican billionaire Ricardo Salinas Pliego encouraged its purchase. This volatility serves as a double-edged sword, both as an exciting asset choice for some investors and apprehension for others, preventing widespread adoption.

One contributing factor to volatility is that the crypto markets have an abundance of whales – a term given to someone who holds a significant amount of a particular asset; someone who holds a minimum of 1,000 Bitcoin is considered to be a whale. The sheer size of their holdings means that, when they decide to sell, the market is suddenly flooded with this asset, causing big price movements.

These powerful investors exist across all asset classes, but cryptocurrencies are particularly vulnerable because there are more whales, but much smaller volumes and less liquidity across a fragmented sea of exchanges. Without sufficient liquidity, these whales are trapped in a proverbial swimming pool, destined to send huge waves through the market as soon as they move. Because each exchange is segregated into their small swimming pools of liquidity, they are incredibly susceptible to whale movements.

For that reason, we need to solve the liquidity problem by joining all these segregated small swimming pools into one big ocean. The trading technology of the crypto market has not yet caught up to the maturity and stability of forex, which employs OTC trading, which is how it minimizes the effects of large buy and sell orders that can drastically move the market. If the crypto market integrates that, this can dramatically improve crypto exchange liquidity and stabilise pricing as a result. It’s time to deepen the liquidity pool.

The influence of whales

Cryptocurrency assets are still fundamentally very concentrated. The sudden growth of Bitcoin means that a large portion of the market is owned by a small majority of traders who were fortunate enough to buy lots of Bitcoin when the price was low. Currently, around 40% of Bitcoin is held in around 2,500 accounts.

The same is true of altcoins. For example, it was revealed in February this year that one person holds 28% of Dogecoin, which has soared by almost 1,400% since the start of the year. An individual in possession of that large a proportion of the market has a huge effect on the price.

And the effects of these whales are visible. When whales are selling, the prices of cryptocurrencies are on a downward spiral. On April 18th, for example, one trader moved 58,814 BTC – worth more than $3.3 billion at the time – from Binance to a private wallet at the same time as the prices slid to a low of $51,541 per unit.

While whales are clearly affecting the price of Bitcoin, their influence is greater among altcoins, which have lower market caps and are less liquid. Not long ago, the price of Ethereum plummeted by more than 50% on the Kraken Exchange, plunging from $1,628 to $700 within the space of minutes.

The CEO of Kraken attributed this to single sell, saying “it could be that a single whale just decided to dump his life savings.” For Ethereum to drop $1000 dollars in three minutes is extraordinary and it proves that even the biggest exchanges with large volumes can be rocked by big whale movements.

Shrinking liquidity

Considering price swings are compounded by fragmented liquidity, the market must pay attention to the fact that liquidity is getting worse, not better. The amount of Bitcoin on exchanges is down 20% over the last 12 months. Slowly but surely, liquidity is drying up and the pool is getting smaller.

The bullish cryptocurrency market means people are holding the asset, simply watching the price tick up. Evidence suggests that there is a growing number of whales, with the number of individual holders of over 1,000 Bitcoin at an all-time high of 2,334. So, despite growing popularity, there is still only a very limited amount and diminishing amount of cryptos changing hands.

Contributing to these problems, big investors are entering the crypto market in swathes. Institutional investors, hedge funds, high-net worth individuals, and companies – most famously Tesla – are all looking to hold and trade crypto assets. And with more buying power, it is likely to increase order sizes and add to the influence of whales.

We cannot prevent these big players from influencing crypto trading, but solutions for the underlying lack of liquidity that exacerbates price swings exists.

Unifying the pool

To combat whale-induced price swings, the market is slowly adopting tactics from other asset classes. For example, many OTC brokers are targeting crypto whales to trade digital currencies over the counter because they can access more liquidity than exchanges.

However, for a lasting solution that can cushion large orders and prevent sudden and drastic price changes, exchanges should turn to trading technology that has been mastered in other markets. For example, the FX markets have long provided Straight-Through-Processing capabilities on a global liquidity network, where orders are aggregated and processed using Smart Order Routing. This infrastructure allows global price discovery, where the best bid and ask prices are presented to all market participants, regardless of trading avenue.

Effectively, it allows exchanges to leverage the liquidity of other exchanges, including from the biggest in the industry. Using this model, exchanges can consistently provide traders the best prices and absorb the impact of big whale splashes by drawing on liquidity from the wider market. The multiple individual pools join to become an ocean.

Only once these issues are addressed will cryptocurrencies be free of the volatility that comes with so many big fish in a market lacking depth.

source: the blockchain web site

Cashaa And UNICAS to Open First Crypto-Friendly Bank Branches in India, Transforming UNICAS’ Banks into Crypto Lounges

  • Open saving accounts with crypto wallets
  • Loan against cryptocurrencies, gold, and real estate
  • Invest in cryptocurrencies, Bonds, and fixed deposits
  • Rapid expansion to over 100 branches by 2022
  • Buy cryptocurrency with cash in physical branches

“Most Indians are not aware or are miss guided about Cryptocurrency as an online product and they tend to trust what they see or what the government recognizes and recommends. Also, India is still largely a cash-based economy despite a Demonetization drive. With UNICAS Crypto lounges we intend to address both issues which are slowing the process of cryptocurrency adoption in India,” stated Kumar Gaurav, Founder & CEO of Cashaa.

The joint venture will enable Cashaa to access The United’s regulatory licenses, its physical branches, and overall banking Infrastructure.

“This will allow us to build, scale and offer customized financial and crypto products for the local Indian markets,” said Dinesh Kukreja, Managing Director of United Multistate Credit Co. Operative Society, who has been appointed as the CEO of the Unicas venture.

UNICAS will enable people to access traditional banking services along with crypto banking services both online and through its 22 physical branches across north India. The United’s existing branches will be transformed and modernized as Crypto Lounges.

Members can walk into any of these branches and get educated about Cryptocurrencies along with other Banking services. Initially account holders will be able to buy and sell Bitcoin (BTC), Cashaa (CAS), Ethereum(ETH), Binance (BNB), Bitcoin Cash(BCH), EOS, Litecoin (LTC) and Ripple(XRP) in cash or with the account balance in Indian Rupees. The immediate plan is to open these Crypto Lounges in Delhi, Gujarat, and Rajasthan covering a population of 150 million Indians living in these states. ‘We are looking forward to expanding our footprints across other Indian states from there on’ stated Mr. Kukreja.

In September, Cashaa had raised 5 Million USD (~35 crores INR) to expand its operations into the Indian market from a Dubai-based investment fund O1EX. During the covid-19 pandemic Cashaa which saw an 800% jump in its operations and businesses. Mr. Gaurav added ‘‘This made us feel that the moment was ripe for India to start inducting emerging technologies into its banking domain. This is the opportune moment for us to revolutionize the banking space and deliver Indian’s a world-class inclusive banking experience with cryptocurrencies.’

Under the leadership of Kukreja, The United has been operating since 2012 and has been improving the lives of millions of Indians through its financial services. It is a member of the National Federation of Urban Co-operative Banks and Credit Societies Ltd. (NAFCUB) vide membership no. 1753 and certified with ISO 9001:2008 for Quality Management Systems. NAFCUB is an apex National Level Federation of Urban Co-operative Banks and Credit Societies. Currently, the United is providing savings accounts, cash deposits and withdrawals, multiple bonds, and investment products, and loans (home, gold, and consumer).

“‘We are entering into the future of financial services in India. Merging our decade of experience with Indian traditional finance with Cashaa’s international banking experience will bring enormous transformation to both Indian fintech and the crypto industry. We are the first regulated financial institution in the world with physical branches where users can access crypto products. By increasing our exposure to emerging technologies, we are aiming to rapidly expand to over 100 physical branches by 2021, employing thousands of skilled professionals in India. Our savings bank account holders will also be able to use their cryptocurrencies as collaterals to take loans, like any other traditional loan given by banks, added Kukreja.

UNICAS is well known Indian financial institution that extends credit facilities to its members adopting “Microfinance” and “Group Financing “clubbed with “co-operative credit”.

Cashaa is the trading name of Cashaa Technologies Limited, a UK registered company (No. 11644308) whose registered office is at Suite 207 Equitable House Business Centre, 10 Woolwich New Rd, London, England, SE18 6AB.

source: the blockchain web site

BlokForge Acquires Cryptouniverse to Expand Distribution of Bitcoin Mining Hardware in Europe

Crypto mining equipment and accessories company, BlokForge, has announced its acquisition of Cryptouniverse, a major online mining distributor for Europe. The business expansion will broaden Bitcoin mining on a global scale.

This is good news for the digital coin, as China recently announced it will be clamping down on Crypto mining within China. The country currently accounts for more than 65% of bitcoin mining around the world.

“Bitcoin is the future,” said Nick Jackson, CEO and founder of BlokForge. “The world is steadily embracing decentralized money and it’s important that crypto mining technology meet the growing demand.”

The acquisition will expand BlokForge’s influence in the crypto mining industry. With full control of the Cryptouniverse platform, BlokForge will oversee distribution in the European market and further develop its global reach.

Cryptouniverse was established in 2017 to distribute large scale mining hardware and equipment across the European market. Like BlokForge, the company was a distributor for leading ASIC miner provider, Canaan.

“The addition to the BlokForge brand will not only provide a broader platform to distribute bitcoin mining hardware and accessories across the North Atlantic Ocean,” said Jackson, “but more importantly, Cryptouniverse will catalyze our ability to aid in the decentralization of mining hardware as our company’s core customer base ranges from individual miners to mid-sized farms. With the recent exodus of miners out of China and away from coal driven energy, we are seeing a massive uptick in smaller farms utilizing renewable energy and integrating ASIC hardware into existing eco-friendly businesses where the heat by-product is used for plant or organism farming- it’s exciting.”

The renowned cryptocurrency, Bitcoin, surged to a value of $60k in early 2021 causing the crypto mining market to climb. However, the upsurge was disproportionate on a global scale, with China hosting most of the world’s Bitcoin mining. Inevitably, expanding access to crypto mining hardware and services for other countries has been an indispensable motive for BlokForge’s acquisition of Cryptouniverse.

About BlokForge

BlokForge is a US based online ASIC mining hardware and related services warehouse offering competitive prices for all types of cryptocurrency mining hardware specializing in ASIC, GPU, Coin, Hash, and related accessories. BlokForge quickly gained traction as an esteemed online distributor of crypto mining hardware in the U.S. Formed in 2017 amidst the height of Bitcoin’s growing popularity, BlokForge entered the mining industry prepared to supply the best quality mining equipment and accessories to the end user. It currently services countries worldwide.

source: the blockchain web site

Big News From a Small Country – Bitcoin to become legal tender in El Salvador

A scoop for a small Central American country is worldwide news. In El Salvador it should soon be possible to pay for everything with bitcoin. On June 9, the 39-year-old President Nayib Bukele sent a bill to parliament to make bitcoin legal tender. The bill was passed by a vast majority. The Central American country is now the first country ever in the world to make Bitcoin legal tender.

The new law is good news for residents of the country. And the eyes of the world will surely be on this developement after this new law turns into practice in 90 days. bitcoin enthusiasts are happy, as they see it as a big step towards a world in which everyone can pay with digital currency. There are still many questions about how this will work out in practice.

The current currency in the country, the US dollar, will also remain valid, but soon everyone’s local greengrocer and supermarket will also have to accept payments in bitcoin, just like government agencies such as the tax authorities. The 90-day period is intended to prepare the country for the transition.

El Salvador is a very poor country, 70 percent of the population has no access to traditional payment services. Provided people have an internet connection, this will change very soon  The state also arranges courses for citizens who find the world of crypto too complicated. The government feels that digital skills should not be a reason to be excluded.

Many El Salvadorians earn their money in the United States. Part of their income is sent to relatives in the home country on a monthly basis. Those transfers are not free, as there are always commissions to pay. Workers abroad always see part of their hard earned cash disappear into the pockets of American banks that facilitate their transactions. With bitcoin, there is no commission, because cryptocurrency is decentralized, without the intervention of a bank.

But can a coin of which the value can fall or rise by 20 percent in one day actually work as a payment method? A bitcoin is now worth half of the record value in April (more than $ 60,000 then, compared to about $29,595 today). This would mean a retail seller who is paid his turnover in bitcoin, has to sell twice as much in the event of such a price drop in order not to suffer financially. President Bukele recognizes that risk. The national development bank keeps $150 million in a specially set up account to absorb exchange rate risks. Bukele’s government also guarantees that anyone can immediately exchange bitcoins for dollars if they wish. El Salvador is also negotiating a $1.3 billion bailout package to ease the burden of budget deficits and debt with the International Monetary Fund (IMF).

source: the blockchain web site