Latest news with #TakashiNakamoto
New Indian Express
23-04-2025
- Business
- New Indian Express
Telangana, like Hiroshima symbolises hope: CM Revanth Reddy
HYDERABAD: An official delegation led by Chief Minister A Revanth Reddy met with Hiroshima Prefectural Assembly Speaker Takashi Nakamoto and a team of legislators to discuss cooperation. Addressing the gathering, the chief minister said, 'It is an honour to come to Hiroshima. Your city symbolises hope and collective will. Like Hiroshima, Telangana too is all about struggle, hope and achievement through hard work, vision and responsibility.' Sridhar Babu emphasised shared values between the two regions. 'Hiroshima stands for peace, sustainability, and prosperity. Telangana shares these ideals. I'm not here just for investments, but for a meaningful partnership, to build a greener, inclusive world together,' he said. Highlighting that over 50 Japanese companies already operate successfully in Telangana, he invited more businesses to explore opportunities in clean energy, electric mobility, precision manufacturing and green hydrogen. 'Telangana can be your gateway to India — and a platform for global growth,' he said. The Hiroshima legislators later escorted the delegation to a business roundtable, followed by visits to the Gandhi Memorial, Hiroshima Peace Memorial Park and the Atomic Bomb Dome. The Telangana delegation included senior officials Jayesh Ranjan, V Sheshadri, Ajith Reddy, Vishnu Vardhan Reddy and others. The group was given a ceremonial tour of the Assembly before the talks.
Yahoo
14-04-2025
- Business
- Yahoo
BloomBeans Launches $150 Million Airdrop for New Decentralized Financial System
has announced a major initiative to launch a decentralized financial system, aiming to replicate a significant portion of the global financial framework. Led by Takashi Nakamoto, the platform is designed to offer financial products that prioritize savings over debt, positioning itself as a potential alternative to Bitcoin. The project is expected to tap into a market estimated at $209.5 trillion, vastly larger than Bitcoin's $17 trillion "digital gold" market. BloomBeans plans to introduce Crypto Financial Assets (CFAs), which will allow users to create decentralized versions of traditional financial products, including savings accounts, pensions, and insurance. The first phase of the BloomBeans initiative will distribute $1 million in BEAN currency to decentralized finance (DeFi) users as part of its initial airdrop. Subsequently, a second round will distribute $150 million in BEAN currency to holders of CFAs. Key features of the BloomBeans system include a predictable monetary policy that replaces traditional central banking functions, allowing for the setting of interest rates on financial products. This initiative includes a unique referral system that aims to generate new BEAN currency, facilitating a voluntary tax model intended to support social infrastructure without a financial burden on individuals. BloomBeans aims to provide 0% interest loans, an unprecedented offering in the financial sector, made possible by the absence of intermediaries. The platform's roadmap outlines significant milestones, including the release of savings accounts and loans in March 2025, followed by income streams and pensions in spring 2025. The development, which began on Jan. 18, 2024, is rooted in a commitment to decentralization and cypherpunk ideals. Future enhancements will include the establishment of CFA markets and further improvements to decentralized applications (DApps) by 2026. The platform is designed to equip nations with tools for sustainable financial development, including a no-interest loan system and a healthier tax structure, aiming to foster institutional self-funding. Sign in to access your portfolio
