Monday, February 1, 2021

CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests

CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests

PRESS RELEASE. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of the platform’s loan requests came from institutional investors.

According to CEX.IO LOAN, such an increase in demand can be attributed to the institutionalization of the cryptocurrency industry. Institutional investors, who have cryptocurrencies in their possession, regard it as a potential collateral for borrowing funds and actively utilise it as such. The borrowed funds are then used for further investment purposes.

In addition to featuring cutting-edge security and advanced anti-fraud measures, CEX.IO Group operates a regulated service, which has been licensed as a Distributed Ledger Technology (DLT) provider by the Gibraltar Financial Service Commission (GFSC) since last year. In addition to this, the Government of Gibraltar recently granted CEX.IO Limited a Money Lender License, allowing the firm to extend its ecosystem of regulated services with CEX.IO LOAN.

Institutional clients also prefer the company’s digital asset-backed lending service due to the convenience offered to users. On the CEX.IO LOAN platform, customers can borrow cash against their cryptocurrency assets in a quick and simple manner, without having to deal with credit checks or any unnecessary paperwork. To access the company’s instant crypto-backed lending service, new users have to open an account at the digital asset exchange and pass the mandatory Know Your Customer (KYC) and AML checks.

CEX.IO LOAN serves various cryptocurrency market participants, from retail investors, traders, and HODLers to startups, entrepreneurs, and large enterprises. As part of a flexible crypto-backed lending service, users can borrow any amount between $500 and $100,000 at competitive interest rates starting at 8.75% per year. Loan duration ranging from seven days to one year.

Currently, retail users can borrow funds against their Bitcoin (BTC) or Ethereum (ETH) assets. Based on the company’s data, the feature has already experienced high demand from VIP clients, with 41% of all CEX.IO LOAN customers borrowing cash against Bitcoin (BTC), 53% against Ethereum (ETH), and 6% against DeFi tokens.

The company has recently introduced a VIP-exclusive feature to offer flexible lending conditions and the ability to use decentralized finance (DeFi) tokens as collateral for institutional clients on the crypto-backed lending platform.

Furthermore, to best serve institutional customers, the requests and queries of VIP clients are handled individually by dedicated personal managers on the CEX.IO LOAN platform. Interestingly, 14% of CEX.IO VIP customers have already asked their personal managers about borrowing funds via the crypto-backed lending service.

“As institutional investors find the digital asset industry increasingly attractive, it’s a pleasure to serve them with our enterprise-grade instant crypto-backed loan platform. Security, convenience, and compliance are key priorities for corporate clients, which are features that we have been providing to all our clients in the rapidly growing CEX.IO ecosystem. Most importantly, we want to provide institutional clients with the best service. For that reason, VIP clients enjoy exclusive benefits, such as dedicated personal managers and flexible lending options, on the CEX.IO LOAN platform,” Anton Chashchin, Commercial Director for the CEX.IO LOAN service, stated.

In the announcement, the firm revealed further details about the size of the funds clients borrow on the CEX.IO LOAN platform. Based on the company’s data, while retail investors borrow $1,400 on average, VIP clients request larger-sized loans that vary in size, with the typical amount being $1 million or higher.

Institutional clients do not just borrow more but also need the funds for more extended periods which usually range between 6 and 12 months. According to the company, this phenomenon indicates a long-term strategy for VIP clients to manage their assets.

About CEX.IO LOAN

CEX.IO LOAN is a part of the CEX.IO Group, with this service provided by CEX.IO Limited, Gibraltar. Founded in 2013, CEX.IO operates one of the largest international exchanges of the cryptocurrency market, which has been featured among Crypto Compare’s ten best exchange services and Coin Metrics’ trusted service providers. With a multi-functional digital asset exchange, CEX.IO serves over 3 million customers worldwide with a team of over 250 professionals and offices in the UK, USA, Ukraine, Cyprus, and Gibraltar. From entry-level cryptocurrency users to professional traders as well as institutions and businesses, CEX.IO suits the needs of various crypto market participants with a reliable, high-security digital asset service.

For many years, CEX.IO Group has been working to expand its ecosystem with new solutions, including the B2B fiat-to-crypto exchange solution CEX.IO Direct, the technical solution for liquidity aggregation CEX.IO Aggregator, a verification and compliance platform Identance, and a staking service CEX.IO Staking.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



via Bitcoin.com PR

Sunday, January 31, 2021

NFL Player Gets a Myriad of Celebrities to Add the Bitcoin Hashtag to Their Twitter Profiles

NFL Player Gets a Myriad of Celebrities to Add the Bitcoin Hashtag to Their Twitter Profiles

Following the day the Tesla founder, Elon Musk, added the Bitcoin hashtag to his Twitter profile, the popular Carolina Panthers offensive tackle, Russell Okung told his social media followers to put the Bitcoin hashtag in their bio. Okung has managed to get hundreds of people to do it, but more recently the NFL player started a decent train of celebrities with very large Twitter follower counts to join the bandwagon too.

Russell Okung: ‘Plant the Flag to Declare You’re Ready for the Future’

Last week, Elon Musk put the Bitcoin hashtag in his Twitter bio, and after he did that, the price of bitcoin (BTC) coincidently saw significant gains. Musk also tweeted, “In retrospect, it was inevitable,” and a great number of crypto supporters celebrated the Tesla founder’s social media teases. After Musk did this on Twitter, the NFL player who plays offensive tackle for the Carolina Panthers, Russell Okung told his Twitter followers to follow Musk’s recent move.

“Everyone put #Bitcoin in your bio,” Okung tweeted. “Plant the flag to declare you’re ready for the future. Send me a screenshot so I know it’s real,” the football player wrote. The football player is also well known for recently telling the world that he chose to take half of his U.S. 13 million-dollar NFL salary in bitcoin payments.

“Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit,” Okung explained at the time.

Following the popular NFL star’s tweet, Okung got over 2.3k in Twitter responses and a large number of screenshots. A great number of screenshots stemmed from hardcore cryptocurrency supporters and also a myriad of average people too.

Famous Celebs Join the Bitcoin Hashtag Trend

Furthermore, Okung managed to get a great number of celebrity names to participate in the Bitcoin hashtag bio trend as well. Okung has also been tweeting about some of the well known celebs joining in on planting the Bitcoin hashtag flag in their Twitter bios.

Some of the individuals included the spiritual guru Sofia Hayat, Westbrook Media’s Brad Haugen, Mr Beast, the singer Joy Villa, Reddit co-founder Alexis Ohanian, Skybridge Capital’s Anthony Scaramucci, and many more. Every one of the celebs has well over 100k Twitter followers or a whole lot more. “Salute to those building a decentralized future.”

Okung further tweeted on Saturday. “The message is clear: We’re not here to play a part, we’re here to take over,” the Carolina Panthers offensive tackle added. The following day, Okung also tweeted a disdainful message toward the ‘Great Reset’ agenda.

“You will own nothing, and you will be happy,” Okung tweeted referring to the November 2016 World Economic Forum (WEF) tweet that originally stems from a prediction made by a member of Danish parliament, Ida Auken. “Now translated as: ‘We will own everything, and you will let us,’” the NFL player Okung said on Sunday morning.

What do you think about all the celebrities joining Okung’s call to put the #Bitcoin hashtag in their social media profiles? Let us know what you think about this subject in the comments section below.



via Jamie Redman

UBS: Crypto Has Fundamental Flaw, Bitcoin’s Fixed Supply Could Cause Its Value to Collapse

UBS: Crypto Has Fundamental Flaw, Bitcoin's Fixed Supply Could Cause Its Value to Collapse

A chief economist at UBS, the largest bank in Switzerland, says cryptocurrency has a fundamental flaw. Bitcoin’s fixed supply could cause the collapse of its value and spending power, making it unattractive to use as a currency, he claims.

A UBS Chief Economist Says Bitcoin’s Fixed Supply Is a ‘Fundamental Flaw’

Paul Donovan, Chief Economist of UBS Global Wealth Management, explained last week why people won’t want to use bitcoin as a currency. UBS is the largest bank in Switzerland.

“The debate about bitcoin and other crypto tends to be very passionate. Crypto supporters say that economists are just dinosaurs, and economists say that crypto supporters are just selling a bubble.” He also pointed out that bitcoin and other cryptocurrencies have been volatile in price terms.

“If we look objectively at the issue, I think an important question is whether bitcoin and other crypto could be currencies,” the UBS chief economist continued, emphasizing, “And, I don’t think that they can.”

He explained that “One of the key reasons for that is that a currency has to be a stable store of value. With a proper currency, you got a genuine certainty that the basket of goods you can buy today is going to be the same as the basket of goods that you can buy tomorrow.”

However, he asserted that “With bitcoin and other crypto, you don’t have that certainty.” The UBS chief economist explained:

It’s all down to a rather fundamental flaw with crypto. In order to achieve stable spending power, a store of value, the balance of supply and demand needs to be maintained.

“So, if demand for proper currency goes down, the central bank can reduce supply, maintaining the balance and therefore maintaining spending power,” the UBS chief economist opined. However, he did not differentiate between cryptocurrencies with a fixed supply, like bitcoin, and other coins without a fixed supply, including stablecoins.

Donovan continued:

But if demand for crypto goes down, and self-evidently it does, the supply cannot go down to maintain balance. So, the value, and the spending power, immediately collapses.

“It might collapse for a short period of time or it might collapse for a long period of time. But people are unlikely to want to use something as a currency if they got absolutely no certainty about what they can buy with that tomorrow,” he concluded.

Many financial strategists, on the other hand, have said that bitcoin’s volatility falls as adoption increases. Fidelity recently pointed out that BTC’s volatility is down about 50% from a few years ago. In July, BTC’s volatility hit a three-year low. Billionaire investor Bill Miller said bitcoin becomes less risky the higher the price goes.

UBS recently published guidance on bitcoin investing. “While we wouldn’t rule out further price increases,” the bank warned: “We are also cognizant of the real risk of one losing one’s entire investment. Investors in cryptocurrencies must therefore limit the size of their investments to an amount they can afford to lose.”

What do you think about the UBS economist’s view on bitcoin? Let us know in the comments section below.



via Kevin Helms

US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation

US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation

U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it.

Pro-Bitcoin US Lawmakers

A growing number of U.S. lawmakers have recently spoken in support of Bitcoin. Among them is Congressman Patrick McHenry from the state of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to approach regulation after last week’s market swings. “You can’t put technology back in the box. Innovation is here. We have to embrace. We have to broaden access to our markets, we have to broaden access to our financial products,” he said.

McHenry has long been a Bitcoin advocate. Last week, when the lawyer of the self-proclaimed Satoshi Nakamoto, Craig Wright, threatened to sue a few website owners for hosting the open-source Bitcoin whitepaper on their websites, McHenry uploaded the document onto his official congressional website. He then tweeted:

Policymakers should be on the side of innovation and ingenuity, which are vital to American competitiveness. I hope others in US govt join me. #Bitcoin

Another pro-Bitcoin U.S. politician is Miami Mayor Francis Suarez. He uploaded the Bitcoin whitepaper onto the Miami city website following the Craig Wright lawsuit threat. “The city of Miami believes in Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation. Proud to say Miami is the first municipal government to host Satoshi’s White Paper on government site,” Suarez wrote Wednesday.

Praising Suarez’s efforts in promoting Bitcoin and innovation, McHenry replied: “Impressed by what you are doing in Miami, Mayor Francis Suarez. I hope more policymakers will join us to support American innovation.”

Earlier this month, Suarez discussed putting some of Miami city’s treasury reserves in BTC and said he is working to allow payments of city services in the cryptocurrency.

McHenry has said that bitcoin is unstoppable and governments should not attempt to ban it. “The world that Satoshi Nakamoto, author of the Bitcoin whitepaper, envisioned and others are building is an unstoppable force,” he said during a hearing of the Committee on Financial Services in July 2019. “We should not attempt to deter this innovation, and governments cannot stop this innovation and those that have tried have already failed.” McHenry additionally emphasized: “Due to the nature of the technology of Bitcoin, governments cannot kill it, nor should they.”

Last week, McHenry commented on Joe Biden’s pick for the new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. He believes that the MIT blockchain professor’s receptiveness to new financial technologies and cryptocurrency is positive.

The U.S. Senate also has a vocal bitcoin advocate. Sen. Cynthia Lummis from Wyoming has vowed to help her colleagues in Congress understand that bitcoin is a great store of value.

What do you think of pro-bitcoin U.S. politicians? Let us know in the comments section below.



via Kevin Helms

Goldman and Interactive Brokers Execs Claim Wallstreetbets Trend Could ‘Take Down the System’

The heavy hitters in traditional finance have been concerned about the recent stock market action fueled by Redditors and a colossal number of retail investors. This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.” Moreover, Interactive Brokers founder Thomas Peterffy made similar comments this week saying these types of systemic risk can “take down the entire system, theoretically.”

Wallstreetbets Trend Could ‘Snowball Through the Market’

2021 has been an interesting year so far and this week a Reddit forum called r/wallstreetbets sparked a whole new hot topic. Four days ago, news.Bitcoin.com reported on the stock market fiasco that started with short squeezing Gamestop (GME) shares. But GME shares were not the only stocks that felt the push as the wallstreetbets (WSB) trend started leaking into a number of other types of shares.

The stock market story and Wallstreetbets (WSB) trend has shaken financial markets this week and has been one of the hottest topics in the United States. If you missed out on the WSB story this week, make sure you read news.Bitcoin.com’s report on the subject here.

For instance, stocks from the Russell 3000 Index (RUA) were targeted including tickers like NOK, GOGO, AMCX, and FIZZ. The social media craze even leaked into the cryptocurrency world pushing up coins like dogecoin and XRP as well. Estimates assume that short-sellers have lost “$70.87 billion from their short positions,” according to statistics from the financial data analytics firm Ortex.

An analysis from Zerohedge discloses that Melvin Capital lost a whopping $7 billion during the month of 2021. “Melvin Capital lost 53% in January, as Gabe Plotkin (a former SAC Portfolio Manager), lost over $5.3 billion in one month,” the report noted.

The financial newsdesk has also been reporting on another WSB trend taking place during the last week as short squeezers want to squeeze the silver market. One thread on r/wallstreetbets suggested that the power of the masses could squeeze the price of silver from $25 to $1,000. Zerohedge has been reporting on trends that show Redditors and social media users have managed to invoke demand for silver.

“In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open,” the finance reporter disclosed. “In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).”

Additionally, polygon.com contributor Owen S. Good reported this week on how the meme-driven stock’ rally rescued AMC theaters from $600 million in debt. Meme lords and Redditors saved this business, not the U.S. federal government, not the bankers. Those groups were actively shorting AMC down the toilet. “Theater chain gets unexpected lifeline when private equity trades a corporate IOU for stock,” the author’s report explains.

Furthermore, the infamous Tyler Durden from Zerohedge wrote about an investors report published by Goldman Sachs executive David Kostin. Durden writes that the latest Goldman report warns “if the short squeeze continues, the entire market could crash.”

“The most heavily-shorted stocks have risen by 98% in the past three months, outstripping major short squeezes in 2000 and 2009,” Kostin’s study details. “This week demonstrated that unsustainable excess in one small part of the market has the potential to tip a row of dominoes and create broader turmoil,” the Goldman analyst added.

According to Durden from Zerohedge, Goldman’s Hedge Fund VIP list declined by 4% this week during the WSB fiasco. “In recent years elevated crowding, low turnover, and high concentration have been consistent patterns, boosting the risk that one fund’s unwind could snowball through the market,” Goldman’s David Kostin concluded. Durden interpreted Kostin’s final conclusion in a different way.

The author writes:

Translation: if WSB continues to push the most shorted stocks higher, the entire market could crash.

Interactive Brokers Chairman: ‘It Can Take Down the Entire System, Theoretically’

Goldman Sachs executives are not the only financial heavyweights weighing in on the stock market craziness and the possible aftermath. The founder and chairman of Interactive Brokers Group Inc., Thomas Peterffy, discussed his thoughts about the stock market madness in an interview with Marketwatch financial author Mark DeCambre.

Thomas Peterffy, founder and chairman of Interactive Brokers Group Inc.

On Thursday, DeCambre said that Peterffy explained that the short squeeze action could go on for a very long time unless it was stopped. DeCambre also wrote that Peterffy was worried about systemic risk and “the potential” for this trend “to ripple throughout the market.”

“It can take down the entire system, theoretically,” Peterffy stressed in his interview with DeCambre. “There is no reason why a short squeeze cannot go on indefinitely,” the Interactive Brokers founder detailed.

Meanwhile, a number of cryptocurrency enthusiasts have been cheering the WSB trend on as the virality of WSB vs Wall Street has encapsulated nearly all the social media conversations in the U.S. Meltem Demirors, the CSO of Coinshares, Europe’s largest digital asset manager with $3 billion in assets under management (AUM), gave her interpretation of the recent stock market events rattling the status quo.

“At its core, the events of this week are about free speech, censorship, and power. We are witnessing the fastest roll-up of power in human history,” Demirors said.

“As our lives become increasingly dependent on digital mediums,” Demirors continued. “So does the ability of powerful entities like governments and corporations to censor our right to free speech, our right to gather, our right to protest, and more. There is an unprecedented amount of power up for grabs, and what we see is a battle for control. It already played out on the political stage, and is now playing out in financial markets, financial media, Fintech platforms, and social media,” the Coinshares CSO added.

Furthermore, on January 29, the cryptocurrency trading platform Bittrex Global revealed that it was listing tokenized stocks for a number of the shares the WSB trend has been affecting. The exchange detailed that it made the decision because Bittrex wanted to “ensure retail investors have exposure to stocks they may wish to trade anytime during any day of the week.”

The crypto exchange also plans to list any other mainstream stocks that other finance trading platforms may censor in the future. The newly listed tokenized shares on Bittrex Global include Gamestop (GME), AMC Entertainment (AMC), Blackberry (BB), Nokia Corporation (NOK), and the Ishares Silver Trust (SLV). However, U.S. residents cannot participate, as Bittrex Global geo-blocks American citizens visiting the web portal.

“Bittrex is regulated in Lichtenstein and Bermuda and thus U.S. investors may be blocked from trading in these securities but other jurisdictions may be able to trade in these securities if they are interested,” the company details.

What do you think about the recent wallstreetbets (WSB) trend and Goldman and Interactive Brokers executives warning of systemic risk to the traditional finance system? Let us know what you think about this subject in the comments section below.



via Jamie Redman

Ripple Formally Responds to SEC Allegations — Claims SEC Picking Winners and Losers, Distorting Facts About XRP

Ripple Formally Responds to SEC Allegations — Claims SEC Picking Winners and Losers, Distorting Facts About XRP

Ripple Labs has officially responded to the complaint by the U.S. Securities and Exchange Commission (SEC). Besides explaining that the XRP cryptocurrency is not a security, Ripple accuses the securities regulator of being out of step, picking winners and losers, as well as distorting facts regarding the cryptocurrency.

  • In the court document filed on Jan. 29, Ripple claims that XRP is not an “investment contract,” insisting that the crypto “is a virtual currency and thus, outside the SEC’s jurisdiction.” Furthermore, the company stated that it never held an initial coin offering (ICO), never offered future tokens to raise money, and has no relationship with the vast majority of XRP holders.
  • The SEC, however, is “out of step domestically and globally,” claims Ripple. The company noted that no other regulators in the world have considered XRP to be a security. Ripple alleges that “Basically, on its way out, the Trump administration sought to undo the determination that XRP was a virtual currency made during the Obama administration.”
  • Among the regulators that have concluded that XRP is not a security include the U.S. Department of Justice and the Financial Crimes Enforcement Network (FinCEN), Ripple noted in its response. The two U.S. authorities determined in 2015 and 2020 that XRP is a virtual currency. Furthermore, the company added that the U.K. Financial Conduct Authority (FCA) and the regulators in Singapore and Japan have similarly concluded that XRP is a not a security.
  • Ripple also accuses the SEC of “picking winners and losers.” The company claims that “there is no principled distinction between XRP’s current function and that of BTC or ETH.” Yet, the SEC determines that the two cryptocurrencies are not securities. In addition, Ripple asserted that “XRP is a great deal more environmentally friendly than BTC and ETH, considering it avoids the mining process … That must matter from a policy perspective.”
  • Moreover, Ripple alleges that the SEC has “distorted the facts,” stating that “The complaint filed by the SEC is full of cherry-picked quotes taken out of context, and draws conclusions that are unsupported by both the facts and the law.”

  • The SEC filed a lawsuit against Ripple Labs, CEO Brad Garlinghouse, and co-founder Christian Larsen in December alleging that they sold over 14.6 billion units of XRP, which it considers unregistered security, for at least $1.38 billion. After the SEC’s lawsuit, several major cryptocurrency exchanges delisted XRP, including Coinbase, Binance, Okcoin, and Blockchain.com.
  • Ripple says it wants to resolve the dispute with the SEC as fast as possible, noting that since the securities watchdog brought the lawsuit against the company and its executives, XRP lost almost half of its market value. This has caused retail XRP investors with no connection to Ripple to suffer billions of dollars in losses.

What do you think about Ripple’s response to the SEC’s allegations? Let us know in the comments section below.



via Kevin Helms

Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network

Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network

Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly, who is also chairman of the firm, explains that there is no reason not to add cryptos when these are increasingly becoming “a recognized means of exchange.”

Digital Gold Segment

In an earnings call with analysts, Kelly opines that due to Visa’s “global presence, its partnership approach as well as its trusted brand”, the fintech giant is “uniquely positioned to help make cryptocurrencies more safe.” The CEO adds that Visa also wants to make cryptos “more useful and applicable for payments.”

However, to achieve this, Kelly says his organization will divide the crypto market into two segments, namely cryptocurrencies and digital currencies. Describing the assets that will be included in the cryptocurrency segment, the CEO says these will be viewed “as digital gold.” According to Kelly, such currencies are “predominantly held as assets that are not used as a form of payment in a significant way at this point.” The Visa boss then discusses the firm’s plan for such currencies saying:

Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto a Visa credential to make a fiat purchase at any of the 70 million merchants where Visa’s accepted globally.

According to Kelly, this strategy will be similar to Visa’s approach to “connect closed-loop wallets such as Line Pay and Paytm.”

Digital Currency Segment

Concerning digital currencies that will feature in the second segment, the Visa CEO says these will be consist of “fiat-backed digital currencies including stablecoins and central bank digital currencies.” He adds that these emerging payments innovations can potentially be “used for global commerce much like any other fiat currency.”

Meanwhile, the Visa CEO reveals some of the 35 organizations that have already chosen to issue Visa cards. These include leading digital currency platforms and wallets providers like “crypto.com, Blockfi, Fold, and Bitpanda.” According to Kelly, these wallet relationships “represent the potential for more than 50 million Visa credentials.”

What do you think of Visa’s plan to introduce crypto trading on its platform? You can share views in the comments section below.



via Terence Zimwara