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Showing posts from December, 2021

Michael Saylor Outlines Genius Ways MicroStrategy Can Generate Income From Its Enormous Bitcoin Coffers

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MicroStrategy, the business-intelligence software company that has cemented its position as the largest corporate holder of Bitcoin, is exploring potential ways to generate income from its massive trove. Here Is What MicroStrategy Could Do With Its Bitcoin Holdings After amassing 122,478 Bitcoin as of December 10, MicroStrategy might seek to make its money work for it. Speaking during a call with investors on Thursday, the company’s CEO Michael Saylor noted that it could lend some of its Bitcoin to a “trustworthy counterparty” to generate income. Lending has become one of the most popular cryptocurrency services in the nascent industry. As a holder, you can lend your crypto asset out to borrowers for an opportunity to earn interest. Crypto lending is especially very popular in the decentralized finance (DeFi) sector where investors deposit their assets to liquidity pools. During the call, Saylor explained how lending could be profitable for his company: “That could become a good...

ERTHA Prepares To Launch Its IDO On Three Top Gaming Launchpads

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Ertha, a gaming app that allows you to own land on the metaverse, has announced that it will be launching its IDO on three different gaming launch pads. These launch pads are Seedify, GameFi, and RedKite. The game will be launched on Seedify on December 19 th, 2021, GameFi on December 20 th, and on Redkite on December 21 st, 2021. The Ertha metaverse has been built on the Binance Smart chain. The game allows its members to own land in Ertha  Metaverse and generate lifetime revenue. Users on the Ertha platform can choose the countries they want, life goals, occupations, and even engage in the sale of land. A total of 350,000 HEX plots have been created and these are represented by NFTS. Once you buy a HEX, you can receive revenue for life on the plot of land. The plot essentially becomes yours and you can choose what to do with it. The game has been designed to simulate real-life events and makes players perform tasks as they would in real life. Investigating and explor...

MetaVisa To Launch Limited-Edition Line of MetaVisa Hero Assembly NFTs In The Coming Weeks

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MetaVisa, a layer-3 middleware protocol built on Ethereum, with a focus on developing a decentralized identity and building a credit system in the Metaverse has revealed that it will launch the limited-edition line of MetaVisa Hero Assembly NFTs in the coming weeks. With only 10,000 of these special NFTs being in existence, the platform will be hosting a reward program for participants of the limited edition, offering them the opportunity to share $100,000 USDT rewards. According to the announcement, the Limited Edition NFTs released will serve as an individual user identity badge in the MetaVisa ecosystem, identifying MetaVisa users for future privileges. Hence it is offering users an opportunity to acquire the limited edition NFT via the Lucky Draw Rewards event it will be hosting. Users would only need to pay the gas fees for minting in order to be able to participate in the event. The platform promises the first 1000 participants a chance to earn a special reward. Afterward,...

MyLottoCoin P2E Lottery DApp Migrates To Binance Smart Chain From Ethereum

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MyLottoCoin , a DeFi-powered play-to-earn lottery DApp, has been through quite some challenges this year and is glad to have endured and emerged stronger on the other side. Initially, the platform launched on the Ethereum blockchain in the summer of 2020. This host, despite being DeFi’s most favored network, presented some challenges: high gas fees and network congestion. These conditions prompted MyLottoCoin’s migration to the Binance Smart Chain (BSC). Thereafter, MyLottoCoin’s tokenomics were retained. The platform successfully airdropped 100 million new BEP-20 MYL tokens (platform’s native token) to its initial ERC-20 MYL token holders and early backers. The platform now boasts renewed energy and better offers to both players and token holders. This paved way for its successful launch on Nov. 22, 2021, the same day Europe’s premier exchange, WhiteBit launched. MyLottoCoin is a trustless DApp that equips players with a blend of the conventional blockchain gaming experience and ...

Rocketpad Seed Sale Receives Great Support Ahead Of IDO Launch

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Rocketpad is thrilled to announce that its IDO launchpad template will be revealed in the next few weeks. Rocketpad is a Cardano-based fundraising platform and a project accelerator, designed to leverage DeFi innovations to provide transparent, efficient, and fully decentralized crowdfunding services. $ROCKET is the utility token that will power the Rocketpad ecosystem built on the cardano blockchain. The Rocketpad IDO Launchpad team is working tirelessly to be the most renowned Cross-chain IDO Launchpad on Cardano Blockchain. This project has been making a lot of headlines since its idea was made public and the team will be constantly working on innovations and solving inherent problems within the Cardano ecosystem. Rocketpad IDO launch seed sale will be ending on the 30th of December or until the allocated tokens on the seed sale are exhausted. The $ROCKET token will serve as a governance token and will also be used as a subscription token for users to navigate the Rocketpad pl...

Justin Sun Leaves Tron For WTO Amid Massive Reorganization Of The TRX Blockchain Governance

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Justin Sun has left Tron to represent Grenada’s national interests at the World Trade Organization (WTO) leadership, in another move that once again casts doubt on his commitment to cryptocurrency. He, however, said that the move could help establish Tron’s relationship with international regulatory jurisdictions as this is the next milestone for the crypto industry. Sun said he will now be pushing for the legitimization of blockchains at the national-state level, although how that will happen remains unknown. Meanwhile, the move comes alongside the reorganization of Tron’s governance structure, which he said will make the network more decentralized. “Today, the overall market value of the blockchain industry has reached $2.2 trillion. Against this backdrop, I believe the next milestone for the whole industry is to establish a more harmonized relationship with international regulatory jurisdictions.” “Undoubtedly, the World Trade Organization’s recognition of blockchain technolog...

XRP Lawsuit: Why Former SEC Chair Clayton Refused To Comment On The Alleged Compromise In The Ripple Case

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Former SEC Chair, Jay Clayton declines commenting on allegations of compromise in the SEC lawsuit against Ripple. However, Clayton revealed that he is a huge believer in cryptocurrencies.   Ripple defender John Deaton however insists that the allegations against Clayton are valid.  Former chair of the Securities and Exchange Commission (SEC), Jay Clayton, in a recent interview declined to make any comments on a question posed to him about his role in the legal action the SEC took against Ripple on his last day in office. CNBC’s Becky Quick asked the former regulator what he thought about the allegations permeating the cryptocurrency community that he and other SEC officials were compromised in the decision. “They’ve done some mudslinging and said that you and others at the SEC were compromised in the decision. That you had input that was coming in from people who were maybe Ethereum fans, or others, along the way,” she asked. In response, Clayton said that due ...

KuCoin Exchange Partners With Chainlink Data Feed Provider

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The KuCoin exchange has announced that it has incorporated price data feeds from the Chainlink service to its over-the-counter marketplace. The move will allow the exchange to provide its 10 million users with open-source decentralized price data on major cryptocurrencies traded on the venue, as well as information on other key financial market metrics. The integration of Chainlink price data feeds will allow users of the KuCoin OTC marketplace to access information on 21 fiat currencies listed on the exchange and trade assets on a peer-to-peer basis at predefined prices. Initial plans of integration include the addition of INR/USD and USDT/USD price data feeds. The exchange has announced that more fiat-to-crypto currency data feeds will be added in the near future to cater to user requests and demand. KuCoin CEO Johnny Lyu commented on the integration by stating that Chainlink is an industry-leading decentralized oracle network that will be able to provide reliable and immutable ...

UK Inflation Jumps To 10-Year High After Bank Of England Says Bitcoin Could Become Worthless

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The inflation rate in the UK has risen 5.1% to hit a 10-year high.  Crypto enthusiasts proffer Bitcoin to hedge against inflation.  The UK central banker, The Bank of England, remains unreceptive to Bitcoin, however.  The United Kingdom has been hit by surging inflation figures. According to data published by the UK Office for National Statistics (ONS), the inflation rate is at a 10-year high. For November, the consumer price index, which is a key measure of inflation, climbed 5.1% month-on-month, up from 4.2% in October. The major causes for the rise that the ONS points to for the larger than normal rate spike were increases in the price of transportation, food, clothing, and footwear. The inflation figure has been published at a time when the Bank of England’s (BoE’s) Monetary Policy Committee is scheduled to meet to decide if it is going to move to tighten its monetary policy. It remains uncertain if a decision will be reached to begin quantitative easing in t...

SmithBot applies State-of-the-Art AI to trading Cryptocurrencies

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Trading bots for cryptocurrencies deliver significant improvements over manual trading and SmithBot takes performance and simplicity even further. SmithBot applies powerful and unique AI algorithms to analyze huge amounts of data in real-time for generating trade signals with a high probability for profits. The user doesn’t have to worry about the right strategy or settings, it’s all optimized automatically. Trading crypto is hard, but it doesn’t have to be The crypto markets are highly volatile and open for trading 24/7. Monitoring the data all the time is virtually impossible for human traders. Moreover, finding a profitable strategy requires investing a lot of time and usually losing money until successful. In fact, many traders never find a long-term profitable strategy. Particularly crypto newbies are often driven by emotions such as FOMO and FUD as well as much unreliable information on social media. Automating trading by a bot is certainly a good way to take the emotion ou...

DAOs Are Drastically Changing The Way We Co-Operate And Interact As Groups

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Since the beginning of corporate innovation, companies have struggled to build infrastructure that can address all their business needs. Optimizing remote workflow, building frictionless payroll systems, and building clear corporate communication of protocols and policies are just some of the challenges facing businesses today. Companies continue to experiment with structures like accelerators, corporate venture capital, and innovation labs to resolve these issues, yet businesses still struggle with these bottlenecks until Now. Imagine a way of organizing and interacting with people worldwide, without knowing or meeting each other, all within clear parameters, following self-made rules created by the parties involved, giving you the ability to make decisions autonomously; all encoded on a decentralized blockchain ecosystem. DAOs are making this possible. Since blockchain technology’s debut, DAO’s were a talked of and obvious next step. However, DAOs have significantly increased in ...

WitLink Commences Development Of All Sectors

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The ICO of WitLink is currently ongoing with the platform having already surpassed its soft cap. The project has already raised close to $28 million and development of the project has commenced already. The community of WitLink is growing rapidly even as tech experts are being onboarded on a daily basis onto the platform. The project is on its way to bringing together the best AI technologists, big data and computing power suppliers, investors, volunteers on a single, global, unified platform to make better AI solutions more accessible, cheaper, and easy for a wide range of customers, accelerate its development and create a global marketplace for AI solutions. Engagements from different sectors on collaborative goals on AI trends through cyber security councils, education, and awareness partnership. RoboAds utilizing the latest trends in AI, Machine learning, Analytics, and online merge offline data to provide their clients with an exceptional cloud computing platform, also creatin...

Investors Could Lose All Of Their Money In Stablecoins — Senator Sherrod Brown Warns

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Investors who have invested money in stablecoins stand a higher chance of losing the money because these projects are neither transparent and regulated, nor decentralized as claimed, says United States Senator Sherrod Brown (D-OH). Speaking in a US Senate’s Banking, Housing, and Urban Affairs Committee hearing yesterday, he said the projects do not adhere to any banking regulation even though they mirror existing banking systems. “It is understandable a lot of people are looking for an alternative to our current financial system. Wall Street banks dominate this economy; they make record profits no matter what happens to workers. Stablecoins and crypto markets aren’t an alternative to our banking system. They’re a mirror of the same broken system––with even less accountability, and no rules at all. “ However, Ranking Member Pat Toomey (R-Pa.) came to the defense of stablecoins during the same hearing, saying they can lower payment costs, expand access to the payment sy...

Crypto Gaming Platforms Give New Spin to Traditional Trading

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Despite their notoriety, which largely stems from high volatility and the lack of a proper regulation base, cryptocurrencies continue to get traction and draw in more and more active users each day. A day does not go by without a news report of bitcoin’s rise or fall, and the eyes of millions are locked on the price charts of numerous exchanges. Today, cryptocurrencies and blockchain technology have found common applications in the real estate, logistics, education, and health sectors. But for those who’ve mastered the art of earning money off cryptocurrencies, the options of use are actually unlimited. So, if you belong to the lucky ones who managed to crack the code of profitable crypto trading, a wide range of platforms offer to try your luck and skills in crypto tournaments. Crypto tournaments are a competition between crypto users which is held on special platforms or exchanges, with a variety of prize selections that are awarded at the end of the event. The prize pool usually...

ADALend Protocol Offering Users Well Organised Interest Rates

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ADALend is a platform that offers new functionality and security to individuals who want to procure loans. This is the first decentralized lending protocol on the cardano network that allows clients to efficiently get loans using liquidity pools. The cryptocurrency market is a legitimate source of debt securities and crypto traders have turned to fixed-income instruments like bonds and stocks as a way of diversifying their portfolios. Lenders and borrowers hope to stabilize their revenue and reduce their risk with interest rate derivative products. In the cryptocurrency market, there are two types of interest derivatives. There are those that allow you to extend the length of your loan and those that enable you to raise the interest rates. In the crypto financial market, the interest rates offered to borrowers are different from those offered to lenders. The interest rate is dependent on the total amount of money available in the liquidity pool, which is denominated in the platfo...

Despite SOL’s Steep Drop, Solana Has Emerged As One Of The Best Cryptos By Growth Rate And Resiliency

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In spite of cryptocurrencies facing strong headwinds with increased regulatory concerns, the discovery of a new omicron virus among other setbacks, Solana has emerged as one of the best cryptocurrencies by growth rate and resiliency. According to a recent report by Kraken, despite posting a measly +3% return in November, SOL was the second-best performing large-cap altcoin behind ETH. In the recent past, SOL’s volatility has been growing, going from a factor of 89% to 103% month over month. This partly explains why the cryptocurrency managed to finish November in the green despite falling to as low as $181 as more crypto users onboard the ship. SOL’s Growth Not By Coincidence In the recent past, a wave of developments has also been coming to Solana making the network more attractive. Apart from a series of round funding being concluded in a bid to scale the network, various crypto funds have been launched for the nascent asset by firms such as Grayscale with Galaxy Digital ...

Crypto Jackpot Announces The BEP-20 Token Presale on Dec 17th, 2021

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Crypto Jackpot is a fully decentralized and community-driven global lottery built on BSC Network. Crypto Jackpot offers holders entry to jackpot draws. The main concept of the Jackpot token is to give incentive to users to hold on to their crypto assets as they enter in weekly draws if they maintain a minimum amount in their wallets. A 10% fee is distributed to the jackpot pool for every transaction in the Crypto Jackpot network. The presale starts on Dec 17th, 2021. 25% of the total supply will be allocated for the presale. The smart contract has been double audited before the presale.   There are three jackpot pools. Participation in these pools is determined by the amount that the users withhold. For example, $25 – $499.99 enters them into the main pool. Holders with $500 – $1999.99 enter the first bonus pool. And if holders have $2000+, they enter the second bonus pool. At the same time, participation in all previous pools continues. All payouts for winners will be in $BUS...

The Blockchain Metaverse Antidote to Big Tech’s Zuckerverse

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The metaverse is here — or at least the idea of its inevitability. Tech giants such as Facebook (now Meta) and Microsoft are strategically focused on what the crypto investment firm Grayscale recently described as “interconnected, experiential, 3D virtual worlds where people located anywhere can socialize in real-time to form a persistent, user-owned, internet economy.” In a report titled “The Metaverse: Web 3.0 Virtual Cloud Economies,” Grayscale notes that developers, investors, and companies are looking at the emergence of a trillion-dollar market. “The market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth $15 trillion in market value today,” the report said. While the metaverse has already been partially realized in blockchain-based games such as Decentraland and The Sandbox, it still awaits its fullest possible development. This is where the future of the metaverse has become a battleg...

Satoshi Nakamoto Left Us 11 Years Ago With The Message That There’s Still More Work To Be Done

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It is now exactly 11 years since Satoshi Nakamoto’s last public communication before he went dark. The founder’s last message told the community that there is still more work to be done regarding attacks. Analysts have tried to figure out the reason for his disappearance with fingers being pointed at the WikiLeaks Satoshi Nakamoto’s legacy has been cemented in the hall of fame after his Bitcoin network has grown into a trillion-dollar market. He had the courage to change the world and the humility to walk away from all of it. But why? Nakamoto’s Last Message On December 12, 2010, Nakamoto penned his last message to the community in what could be described as a call to action for developers. He highlighted potential flaws in the system and simply vanished off the face of the earth.  “There’s more work to do on DoS, but I’m doing a quick build of what I have so far in case it’s needed, before venturing into more complex ideas. The build for this is version 0.3.19,” said Na...

Myanmar’s Parallel Government Elevates USDT To Official Currency To Ease Payments

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Myanmar’s shadow government has conferred legal status to USDT in the country. The decision stands in opposition to the crypto ban instituted by the ruling government. USDT’s popularity has soared following its increasing use case amongst cryptocurrency traders. Tether’s USDT can now run shoulders with Myanmar’s Kyat after the recent declaration of a political organization. The purpose is to improve the ease of doing business and to skirt the surveillance of the ruling government. USDT For Local Use Myanmar’s shadow government, National Unity Government has announced via Facebook that it has authorized the use of stablecoin USDT as part of local use. The political group stated that it will accept Tether’s USDT as it intends to raise money for its campaign to overthrow the ruling military regime in Myanmar. The decision to embrace USDT runs in parallel to the government’s earlier ban on cryptocurrencies in May 2020. However, the stablecoin’s utility has made it a viable altern...

Ukraine Commercial Bank Uses Stellar To Launch Digital Currency Pilot

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Tascombank, one of Ukraine’s oldest commercial banks, will be running a pilot for Ukraine’s digital currency on the Stellar blockchain network . Ukrainian Bank Is Running A Stellar-Based Pilot For Digital Currency Announced today, Stellar will be used to test a private electronic version of the hryvnia (Ukraine’s sovereign currency). The pilot, being deployed via the fintech firm Bitt’s digital currency management system (DCMS), will be supervised by the nation’s central bank, NBU, with the support of the Ministry of Digital Transformation. The pilot will also be set up under the European country’s existing e-money law. The upcoming trial project will be used to evaluate the effectiveness of the digital currency in programmable payroll for public employees, merchant payments, and peer-to-peer payments. According to the Deputy Minister of Digital Transformation Oleksandr Bornyakov, the pilot test will “serve as a technological basis for the issuance of electronic money, and is the...