Klever Weekly Newsletter – March 11

KleverChain is coming & the blockchain industry best prepare for the Mainnet. Swap Reef BSC & ETH to Reef Mainnet using Klever Swap. Joe Biden signs an executive order calling for crypto policies.

Joe Biden signs an executive order calling for crypto policies. The president of the United States issued the order on Wednesday, sparking excitement in the market as he signals possible regulation for cryptocurrencies in the world’s largest economy.

The goal behind Biden’s executive order is to address important matters such as consumer protection and illicit activity, amongst other topics considered. With this initiative, the President summons the government to take a closer look at the risks and benefits of cryptocurrencies. 

Divided into 10 sections, the text released and signed by Biden endorses the necessities of the fundamental topics as well as the urgent need to develop the government’s own digital asset (also known as CBDC).

On the other side of the globe, South Korea elects a pro-crypto President. In a historic election with the closest result in the country, Yoon Suk-Yeol was elected with only a 1% difference from his opponent Lee Jae-Myung.  

Member of the Conservative People Party, Yoon Suk-Yeol is favorable to deregulation of Bitcoin and other cryptocurrencies in South Korea in order to move the country away from regulations that are, in his words, “far from reality and unreasonable”.

Media says that both his positioning and Jae-Myung’s favorability on crypto was to lure younger audiences their way. Either way, the now elected President stated that the country “must shift to a negative regulation system to ensure at least the virtual asset market has no worries”.

In Klever News, we have the announcement of KleverChain Mainnet coming Q2 alongside a $1M Hackathon. The KleverChain Testnet has officially launched in all its blockchain glory along with Klever Explorer, a public-facing application that adds a lens view to all transactions being conducted on the blockchain.

Additionally, Klever has launched a Klever Blockchain Validators Testnet program that allows validators to participate and compete in testing, strengthening, and consensus, which includes verifying, voting on, and maintaining records of transactions. At this time, the validators are being put through a series of tests, perfectly aligned with improving, testing, and securing the Klever Blockchain.

The Klever Hackathon Bounty Program will be announced soon.

Still, on Klever News, it is now possible to swap Reef BSC and Reef ETH to Reef Mainnet with Klever Swap. Klever Finance considered the industry-leading crypto ecosystem and one of today’s most prominent DeFi platforms, Reef.io is reintroducing a strategic partnership that enables a liquidity bridge from Reef (ETH & BSC) to Reef Mainnet by using Klever Swap.

The liquidity bridge using Klever Swap technology streamlines the conversion of tokens in Klever Wallet to Reef Mainnet. However, the users have to make sure they don’t forget to have enough “gas fees” when swapping.

In addition to swapping Reef Mainnet tokens, Klever also allows Reef holders the option of staking Reef tokens using Klever Wallet through the feature of “Bonding“. The user can securely manage their  Reef Mainnet tokens in Klever Wallet and earn the highest yields through bonding.


KleverChain Mainnet coming Q2 alongside $1M Hackathon

Our mainnet goalpost has been repositioned to Q2. Blockchain is difficult, but it shouldn’t be. KleverChain is coming, and the blockchain industry best prepare for Klever Mainnet launch. 

KleverChain Testnet has officially launched in all its blockchain glory along with Klever Explorer, a public-facing application that adds a lens view to all transactions being conducted on the blockchain.

Additionally, we have launched a Klever Blockchain Validators Testnet program that allows validators to participate and compete in testing, strengthening, and consensus, which includes verifying, voting on, and maintaining records of transactions. At this time, our validators are being put through a series of tests, perfectly aligned with improving, testing, and securing our Klever Blockchain.


Swap Reef BSC and Reef ETH to Reef Mainnet with Klever Swap

Use Klever Swap to swap your Reef BSC and ETH to Reef Mainnet

Klever Finance, the industry-leading crypto ecosystem and one of today’s most prominent DeFi platforms, Reef.io is reintroducing a strategic partnership that enables a liquidity bridge from Reef (ETH & BSC) to Reef Mainnet by using Klever Swap.

This partnership with Klever is a massive step forwards in terms of decentralization and we are deeply impressed by the professionalism and success of their team. It’s with great pleasure that we announce our new liquidity bridge and staking capabilities with Klever.

– Denko Mancheski, Founder of Reef Finance

About Reef Finance

Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.


Joe Biden signs an executive order calling for crypto policies

The president of the United States issued the order on Wednesday, sparking excitement in the market as he signals possible regulation for cryptocurrencies in the world’s largest economy.

Joe Biden, the 46th President of the United States, signed an Executive Order on cryptocurrencies on March 9th, directing all federal agencies to coordinate a policy for digital assets.

The goal behind Biden’s executive order is to address important matters such as consumer protection and illicit activity, amongst other topics considered. With this initiative, the President summons the government to take a closer look at the risks and benefits of cryptocurrencies.

We must protect the United States and global financial stability and mitigate systemic risk. Some digital asset trading platforms and service providers have grown rapidly in size and complexity and may not be subject to or in compliance with appropriate regulations or supervision. – Joe Biden


How to choose the best crypto wallet

As the demand for cryptocurrencies rises, finding the right crypto wallets to store them has become more difficult.

The rising adoption of cryptocurrencies among the masses and storing them in the best wallet is another concern for crypto holders today. 

Crypto usage is on the rise, which means that hacking attempts on crypto wallets are also on the rise, and users are finding it difficult to pick a perfect wallet to store their digital currency.

My job as a writer exposes me to stories about how wallets are hacked, causing users to lose millions of dollars in crypto within minutes. Here are the features users should look for before selecting a crypto wallet to store digital assets.


How secure is the Bitcoin Blockchain?

Bitcoin is the world’s first cryptocurrency that has never been hacked ever since its launch in 2009.

With Bitcoin serving people with peer-to-peer (P2P) since 2009, it has become the top cryptocurrency in the world today with over $733 billion market capitalization.

Ever since it was launched, it has become a blockchain platform that has never been hacked, many might have tried unsuccessfully though.

It was designed by one or more Bitcoin developers to run as a decentralized system. In addition to being the most secured digital system in the world and the most reliable monetary system ever invented, Bitcoin technology is relatively new.


Why does Bitcoin matter globally?

Never underestimate the power of Bitcoin in the world we live in today.

A wise man once said, “You can’t stop a movement  whose time has come.”

The world is drastically transforming on a daily basis and this is affecting how businesses and life generally are run. Very few people take cognizance of the gradual metamorphosis happening in the financial world as we speak, knowing fully well that money has a transformative force, so…

  • How has money transformed over time?
  • Why is the use of Bitcoin imminent?

Want to know the answer to these questions? Click below.

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Disclaimer: This article is for informational purposes only. The information does not constitute an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Klever.Finance does not provide financial, tax, legal, or accounting advice. There is no responsibility on the part of the company or the author for any loss or damage arising from or related to the use of or reliance on any content, goods or services mentioned in this article.

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