Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app.

Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market.

Emerging markets face unique challenges that require innovative solutions for real problems. In regions like Africa, where 57% of the ~1.5bn population remains unbanked and 50% without access to a smartphone, the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments.

This initiative will empower millions by facilitating enhanced connectivity, improved security, and streamlined access to digital financial services. Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by quests and educational programs to help users familiarize themselves with the new technology while earning rewards.

Speaking about the partnership, Harry Yeh, Managing Director of Quantum FinTech Group, said, “Lif3 is committed to unlocking financial opportunities for everyone, everywhere. By partnering with Jambo, we’re simplifying access to decentralized financial solutions, including crypto payments and AI-integrated solutions. This is a pivotal step toward bridging economic gaps and transforming lives in emerging markets.” Adding to this, James Zhang, co-founder of Jambo said, “In many regions across emerging markets, an entire family shares one smartphone and a family member can only use it for a few hours a day. Owning a JamboPhone opens up new possibilities–like discovering a new life. By embedding Lif3 directly within the Jambo ecosystem, we're making it easier than ever for users in emerging markets to safely and efficiently engage with the digital economy. The integration of Lif3 into the JamboPhone is a game-changer for crypto payments, opening new pathways to economic participation that were previously unimaginable.”

The partnership will feature pre-installed Lif3 apps on all JamboPhones globally, allowing users to get their crypto wallet instantaneously and engage in a host of DeFi features integrated within the Lif3 ecosystem. The initiative also plans to include educational programs to assist new users in navigating the web3 space safely and becoming savvy digital citizens.

The Jambo and Lif3 collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach. This initiative directly targets the gap in financial services, aiming to bring the unbanked into the economic fold and ignite economic growth from the ground up.

About Jambo

Jambo (https://jambophone.xyz/) – The Most Globally Distributed DePIN Smartphone. Jambo's vision is to bring emerging markets on-chain through building the largest web3 mobile infrastructure network. Jambo is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi and more.

Jambo is onboarding the next billion users to web3 with the JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the phone and features web3 mobile games, wallets, payment infrastructure, and more.

About Lif3

Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Wallet, available on the App Store and Google Play, empowers users by unlocking the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music, entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and MEXC.

About Quantum Fintech Group

Quantum Fintech Group is a private investment group founded in 2020, and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments.

SP Negócios, São Paulo’s investment and export promotion agency, has partnered with Polkadot to foster innovation among companies in São Paulo.

Driven by the growing market demand, Polkadot is increasingly positioning itself as an ally for businesses looking to grow in an innovative, secure, and transparent way. It has been sponsoring educational initiatives through Código Brazuca. Thanks to this, companies and citizens in São Paulo will have access to blockchain programming training through Código Brazuca's content starting in December. This will be possible through the partnership established with Polkadot / Sunset Labs and São Paulo’s investment and export promotion agency, SP Negócios.

“The partnership between Polkadot and SP Negócios will contribute to the training of Blockchain Programmers and is open to bringing technology to companies in São Paulo, whether they are startups, small and medium-sized enterprises, or large corporations seeking to invest in or adopt the technology,” says Gustavo J. Massena, Decentralized Business Developer at Polkadot.

The program is free and will be available online, open to companies in São Paulo. Registrations will soon be available through SP Negócios, and no prior qualifications are required.

The partnership with Polkadot is part of SP Negócios’s strategy to boost the business environment within the crypto economy sector, reinforcing São Paulo as a hub of technology and innovation. Blockchain plays a transformative role in various areas, including decentralized finance, asset tokenization, NFTs, and more. By promoting the training of qualified professionals, SP Negócios seeks to attract investments, foster new startups, and solidify the city as a reference in adopting and developing blockchain-based solutions.

About SP Negócios

SP Negócios (https://spnegocios.com/) is an autonomous social service aimed at boosting investments and business in São Paulo. It is linked to the Municipal Secretariat of Economic Development and Employment. The goal is to help São Paulo-based companies conduct more business through exports, innovation and technology, public sector engagement, and improvement of the business environment.

About Polkadot

Polkadot is an open-source, multichain sharing protocol that facilitates the transfer of any type of data or asset, not just tokens, between networks, making a wide range of blockchains interoperable.

Japan's Seven & i Holdings is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth US$58 billion

"People with knowledge of the matter" cited in the reports via Nikkei and Bloomberg.

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover attempt by Canadian rival Alimentation Couche-Tard, the news report says.

Later today, Wednesday, 13 November, we get the US consumer inflation data for October 2024

• due at 1330 GMT, which is 0830 US Eastern time

Previews posted already:

• US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoM

• US CPI data due Wednesday - possible upside surprise.
• US inflation data this week expected to show core CPI moving sideways - risk ahead higher

OK, what to expect. This snapshot from the ForexLive economic data calendar, access it here.

Taking a look at the range of expectations compared to the median consensus (the 'expected' in the screenshot above) for the key data points:

CPI Headline y/y, expected 2.6% with the range showing:

• 2.3% - 2.7%

CPI Headline m/m expected 0.2% with the range showing:

• 0.1 to 0.3%

CPI excluding food and energy (the core rate of inflation) y/y expected 3.3% with the range showing:

• 3.2 - 3.4%

CPI excluding food and energy (the core rate of inflation) m/m expected 0.3% with the range showing:

• 0.2 to 0.4%

***

Why is knowledge of such ranges important?

Data results that fall outside of market low and high expectations tend to move markets more significantly for several reasons:

• Surprise Factor: Markets often price in expectations based on forecasts and previous trends. When data significantly deviates from these expectations, it creates a surprise effect. This can lead to rapid revaluation of assets as investors and traders reassess their positions based on the new information.

• Psychological Impact: Investors and traders are influenced by psychological factors. Extreme data points can evoke strong emotional reactions, leading to overreactions in the market. This can amplify market movements, especially in the short term.

• Risk Reassessment: Unexpected data can lead to a reassessment of risk. If data significantly underperforms or outperforms expectations, it can change the perceived risk of certain investments. For instance, better-than-expected economic data may reduce the perceived risk of investing in equities, leading to a market rally.

• Triggering of Automated Trading: In today’s markets, a significant portion of trading is done by algorithms. These automated systems often have pre-set conditions or thresholds that, when triggered by unexpected data, can lead to large-scale buying or selling.

• Impact on Monetary and Fiscal Policies: Data that is significantly off from expectations can influence the policies of central banks and governments. For example, in the case of the inflation data due today, weaker than expected will fuel speculation of nearer and larger Federal Open Market Committee (FOMC) rate cuts. A stronger (i.e. higher) CPI report will diminish such expectations. the December meeting is in focus right now.

• Liquidity and Market Depth: In some cases, extreme data points can affect market liquidity. If the data is unexpected enough, it might lead to a temporary imbalance in buyers and sellers, causing larger market moves until a new equilibrium is found.

• Chain Reactions and Correlations: Financial markets are interconnected. A significant move in one market or asset class due to unexpected data can lead to correlated moves in other markets, amplifying the overall market impact.

There are just a couple to take note of, as highlighted in bold.

They are both for EUR/USD at the 1.0600 and 1.0650 levels. The former in particular will continue to be a notable one, adding another layer to key support at the figure level for the time being. As such, the expiries are likely to once again keep price action locked in until we get to US trading later at least.

As an aside, just be wary of the larger option expiries at the same level of 1.0600 through the week. And on Friday, EUR/USD also has a very large one pinned at 1.0700. So, just be wary of that in case.

For more information on how to use this data, you may refer to this post here.

European trading will be a bit of a snoozer as such with a lack of headlines. But perhaps we might get some interesting market moves to talk about in the run up to the US CPI report. USD/JPY is now inching just above 155.00 for the first time since end July while EUR/USD is looking heavy near the April low of 1.0601. Those will be two of the more interesting charts in play currently.

Elsewhere, US futures are pointing lower with gold back up slightly just above $2,600 and Bitcoin is down to below $87,000 after briefly brushing up against the $90,000 mark overnight. So, there are some mixed moves in there for the time being.

In terms of data releases, there's just the US MBA mortgage applications at 1200 GMT. With rates having shot higher post-election, that is likely to keep sentiment in a more dour spot after last week's report here.

As for euro area releases, there's nothing on the agenda for today.

• Expects inflation to moderate in France
• Expects French unemployment rate to go up to around 8% before falling back

He is speaking somewhat in his capacity as Bank of France governor here. And the remarks aren't anything that stand out. As things stand, traders have fully priced in a rate cut for December. The odds of a 25 bps move are at ~68% with the remainder tied to a 50 bps rate cut.

• There are still noticeable price pressures, especially in services sector
• Trump's tariffs may cause German economy to contract
• If tariffs come into effect, it could cost Germany 1% in economic output

And therein lies the dilemma for the ECB heading into next year I guess. The good news is that the disinflation process is still progressing, albeit with a few bumps along the way. All else being equal, the argument for further rate cuts should hold heading into 2025.

• Headline CPI reading not telling us that underlying inflation dynamics have been vanquished
• Services inflation is pretty sticky
• Energy prices are more likely to go up than down
• Sees more volatility and upward bias to some inflation drivers

Do keep in mind that Mann is arguably the most hawkish member among the BOE policy committee. So, her comments here are not as striking as they might seem to be.

Washington, D.C. -- The NAB Leadership Foundation is now accepting applications for the 2023 Broadcast Leadership Training (BLT) program through May 31. The BLT program is designed to prepare senior-level broadcast executives to advance as group executives or station owners. Women and people of color are encouraged to apply.

Washington, D.C. -- Iconic game show “The Price Is Right”, which airs on CBS and is produced by Fremantle, is the 2022 television inductee into the National Association of Broadcasters (NAB) Broadcasting Hall of Fame. Host Drew Carey and executive producer and showrunner Evelyn Warfel will accept the award at The Achievement in Broadcasting Awards on the NAB Show Main Stage on April 24 at 4:30 p.m. in Las Vegas, Nev.

Washington, D.C. -- NAB Show, the premier event for media, entertainment and technology professionals, today announced the formation of a National Advisory Council for Web3. The Council will provide guidance and expertise on developing relevant education content around the implications of new technologies, content models and consumer behaviors driven by the next generation of the Internet. The 12-member group includes media and entertainment professionals, technology executives and platform providers from across the media landscape.

WASHINGTON, DC -- The National Association of Broadcasters Leadership Foundation (NABLF) today announced the finalists for the 2022 Celebration of Service to America Awards, which recognize local broadcasters’ outstanding service to their communities. Category winners will be announced live at the awards ceremony, which will return as an in-person event on June 7, 2022.

Washington, D.C. -- The National Association of Broadcasters Leadership Foundation (NABLF) will present esteemed chef and humanitarian José Andrés with the Service to America Leadership Award, the Foundation’s highest individual honor. The award, which honors an individual’s commitment to advocacy and public service, will be presented during the Celebration of Service to America Awards on June 7 at The Anthem in Washington, D.C.

WASHINGTON, D.C. -- Broadcast television stations significantly increased the number of local news telecasts and hours of news content they aired over a 10-year period, according to an analysis of Nielsen data conducted by the National Association of Broadcasters (NAB).

Washington, D.C.— Proposals for technical papers and panel sessions are now being accepted for the NAB Show Broadcast Engineering and IT (BEIT) Conference, taking place April 15-19, 2023 at the Las Vegas Convention Center. Selected papers will be presented during the program and included in the official "Proceedings of the 2023 Broadcast Engineering and IT Conference."

The 2022 NAB Show New York will showcase hands-on learning and interactive product discovery with more than 230 leading-edge companies, including 32 first-time exhibitors. NAB Show New York takes place October 19-20, 2022, at the Javits Center.

Washington, D.C.— Registration opened today for the 2023 NAB Show, taking place April 15-19, at the Las Vegas Convention Center. Marking NAB Show's 100th anniversary, the convention will celebrate the event's rich history and pivotal role in preparing content professionals to meet the challenges of the future.

Washington, D.C.— Nominations are now being accepted for the 2023 National Association of Broadcasters (NAB) Technology Awards. The awards honor contributions in digital leadership, broadcast engineering and technology innovation, and will be presented during the 2023 NAB Show, held April 15 - 19 in Las Vegas.

WASHINGTON, D.C. – The National Association of Broadcasters (NAB) is accepting entries for the 37th annual NAB Crystal Radio Awards, honoring outstanding community service efforts undertaken by radio stations throughout 2022. Winners will receive national recognition for their community service work during a special awards presentation at NAB Show, held April 15-19, 2023.

Washington, D.C. -- PILOT, NAB's technology innovation initiative, is now accepting submissions for the PILOT Innovation Challenge through 5 p.m. ET on February 3. The program will provide mentorship and promotion for winning proposals, along with an opportunity to exhibit at NAB Show in Las Vegas, April 15-19, 2023.

Washington, D.C. -- The National Association of Broadcasters (NAB) Leadership Foundation is now accepting entries for the 2023 Celebration of Service to America Awards. The awards competition spotlights excellence in community service by local radio and television stations across the country.

Washington, D.C. -- The National Association of Broadcasters (NAB) hosted a virtual town hall today to brief NAB members on advocacy and business issues as Congress begins its 118th Session and the House of Representatives switches party control. NAB President and CEO Curtis LeGeyt was joined by senior executives and public policy experts to offer updates on the association’s work, priorities and initiatives.

WASHINGTON, D.C. -- Today at the NAB State Leadership Conference, President and CEO Curtis LeGeyt expressed concern with the implications of the FCC’s decision to refer the Standard General-Tegna merger to the agency’s administrative law judge. The following statement can be attributed to him:

WASHINGTON, D.C. -- More than 560 local radio and television broadcasters from across the nation gathered today in Washington, D.C. for the National Association of Broadcasters’ annual State Leadership Conference (SLC). The convention, held at Washington Nationals Park, featured remarks from policymakers and briefings preparing attendees for meetings with legislators and regulators on March 1.

The National Association of Broadcasters (NAB) announced today finalists for the 36th annual NAB Crystal Radio Awards. Since 1987, the NAB Crystal Radio Awards have recognized radio stations for their year-round commitment to community service. The finalists will be celebrated and the winners announced during the We Are Broadcasters Awards ceremony held at 10 a.m., Tuesday, April 18 on the Main Stage at NAB Show in Las Vegas.

Washington, D.C. -- iHeartMedia co-founder, chairman and CEO Bob Pittman will sit down at the 2023 NAB Show with iHeart and Premiere Networks personality Angela Yee for "Math & Magic: Stories from the Frontiers of Marketing with Bob Pittman," a live podcast conversation open to all NAB Show attendees on April 16 at 3 p.m. at the Las Vegas Convention Center.

Washington, D.C. -- The National Association of Broadcasters (NAB) announced today that the affiliate boards of directors of ABC, CBS, FOX Television and NBC will meet in-person during NAB Show, April 15 – 19, 2023, in Las Vegas, Nev.

Washington, D.C. -- The National Association of Broadcasters (NAB) announced today that Beasley Media Group's Michael Cooney and NBCUniversal Local's H. Douglas Lung are the recipients of the 2023 NAB Engineering Achievement Awards. They will be honored at the We Are Broadcasters Awards, held on the Main Stage of the 2023 NAB Show on April 18 at 10 a.m.

Washington, D.C. -- The National Association of Broadcasters (NAB) announced today that Lora Dennis, executive vice president of Digital Media for NBCUniveral Local, is the recipient of the 2023 Digital Leadership Award. She will receive the award at the NAB Broadcasting Hall of Fame Ceremony, held on the Main Stage of the 2023 NAB Show on April 17 at 1 p.m.

Washington, D.C. -- PILOT, the technology innovation initiative of the National Association of Broadcasters (NAB), today announced Backlight, Hour One and TSV Analytics as the winners of the 2023 PILOT Innovation Challenge. The winners will receive a trip to the 2023 NAB Show, April 15–19, in Las Vegas, with exhibit space on the convention floor in which to demonstrate their products to potential customers, investors and partners.

Washington, D.C. -- Long-running sports anthology series "ABC's Wide World of Sports" will be inducted into the National Association of Broadcasters (NAB) Broadcasting Hall of Fame at the 2023 NAB Show as this year's television inductee. The show, which aired on ABC from 1961-1998, will be honored at NAB Show during the NAB Broadcasting Hall of Fame Ceremony on the Main Stage, held April 17 in Las Vegas, Nev.

Washington, D.C. -- Jesse Kobayashi, VFX producer on "The Lord of the Rings: The Rings of Power," will take the NAB Show Main Stage on April 16 to discuss how Blackmagic Design, Company 3 and AWS collaborated to create an entirely cloud-based infrastructure for conform, color-grading and delivery on one of the largest television shows in history.

Washington, D.C. -- The new CineCentral destination at the 2023 NAB Show gives attendees an opportunity to learn side-by-side with Hollywood's award-winning production professionals and gain skills with hands-on training inspired by NAB’s Cine Consortium. CineCentral is located in Central Hall (C7345) and adjacent to the Create Experiential Zone featuring sessions on Cine+Live, the burgeoning live production style where cinematic tools and storytelling is integrated into live entertainment. Additional workshops will be presented by American Cinema Editors, American Society of Cinematographers, International Cinematographers Guild/Local 600 and The Society of Camera Operators.

Washington, D.C. -- The 2023 NAB Show will host an intimate conversation with the creative team behind the Academy Award-winning animated short film, "The Boy, the Mole, the Fox, and the Horse," on Sunday, April 16 at 2:00 p.m. on the Main Stage, open to all attendees. "How to Win an Oscar With a Fully Remote Creative Team" will feature visual artists for the production, which first aired in December 2022, on the BBC, to more than seven million live viewers.

Washington, D.C. -- The 2023 NAB Show will lead a collaborative, immersive and interactive exploration of the transformative impact Web3 and other internet advances are having on the media and entertainment industry on April 15-19 at the Last Vegas Convention Center. Educational programming, hands-on demonstrations, special events, networking sessions and dozens of exhibitors on the show floor will explore the next generation of the internet and its potential to unlock new opportunities in the content lifecycle.

Venerated television news magazine “60 Minutes” will receive the second annual Insight Award from the Library of American Broadcasting Foundation (LABF) during the Welcome Session at the 2023 NAB Show on April 17 in Las Vegas, Nev. The award recognizes the iconic program’s 55-year history of excellence in broadcast journalism.

NAB Show will host a session presented by American Cinema Editors that highlights the incredible creative forces behind HBO's "The Last of Us." In "American Cinema Editors Present HBO's The Last of Us," from 11 a.m.-12 p.m. on Sunday, April 16, the series' executive producer Craig Mazin and members of the creative team will discuss the meticulous art of editing, cinematography, visual effects (VFX) and sound behind the hit series.

Washington, D.C. -- NAB Show today announced that two-time Emmy-award winning writer, actress and comedian Ashley Nicole Black will moderate a fireside chat with actor, writer, producer and all-around multihyphenate Brett Goldstein. In "A Conversation with Brett Goldstein," on the NAB Show Main Stage Monday, April 17, at 4 p.m., Goldstein will discuss his multifaceted creative career, how he balances his various roles, and his process for creating compelling content.

Washington, D.C. -- Federal Communications Commission (FCC) Chairwoman Jessica Rosenworcel will address broadcasters and those from all corners of the media and entertainment industry at NAB Show, April 17, 2023 in Las Vegas, Nev. The Chairwoman’s remarks will take place on NAB Show’s main stage following a “fireside” chat between NAB President and CEO Curtis LeGeyt and Univision’s Gabriela Teissier at 9 a.m. PT.

WASHINGTON, DC -- The National Association of Broadcasters Leadership Foundation (NABLF) today announced the recipients for the 2023 Celebration of Service to America Awards, which recognize local broadcasters’ outstanding service to their communities. Category winners will be honored at the awards ceremony on June 6, 2023, at The Anthem in Washington, D.C.

Washington, D.C. -- NAB Show today announced it will host dedicated sessions on ATSC 3.0 adoption and connected cars at the 2023 event in Las Vegas, April 15 -19. Sessions will cover the growing landscape of ATSC 3.0 and the interaction, immersion and connectivity this technology brings to the media and entertainment industry. Industry experts will also discuss revenue opportunities offered by connected car listening data and how cutting-edge connected car technologies are bridging the gap between artists and radio listeners.

Las Vegas, Nev. -- During the Welcome Session at NAB Show 2023 today, NAB President and CEO Curtis LeGeyt spoke with Univision Los Angeles' Gabriela Teissier in a fireside chat about the state of the broadcast industry. LeGeyt discussed a wide range of topics, including:

LAS VEGAS -- April 18, 2023 -- NAB Show today announced the winners of the fifth annual Product of the Year Awards during a live awards ceremony on April 18 at the 2023 NAB Show in Las Vegas. The awards recognize some of the most significant and promising new products and technologies exhibited at the 2023 NAB Show in the Create, Connect and Capitalize categories.

Las Vegas, Nev. -- The National Association of Broadcasters (NAB) today announced the 10 winners of the 36th annual NAB Crystal Radio Awards. Since 1987, the NAB Crystal Radio Awards have recognized radio stations for their exceptional year-round commitment to community service. The 2023 NAB Crystal Radio Award recipients listed below were chosen from 50 previously announced finalists.

The National Association of Broadcasters (NAB) announced today that the 2023 Marconi Radio Award nomination window is now open through May 31. Established in 1989 and named for inventor and Nobel Prize winner Guglielmo Marconi, the Marconi Radio Awards recognize overall excellence and performance in radio.