Latest News

Source : Bit Coin News
Added today

Investment Advisers Prohibited From Crypto Activities in India, Regulator Warns

Investment Advisors Prohibited From Crypto Activities in India, Regulator WarnsThe Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment Advisers Cannot Engage in Crypto Activities Indian securities and commodity market regulator, the […]
Source : Bit Coin News
Added today

Nigerian Agency Finally Registers Blockchain Start-up, Blames Employee for Rejection of First Application

Just a few days after reports emerged that it had refused to process a company registration application by Flint API limited, the Nigerian agency Corporate Affairs Commission (CAC) has now registered the blockchain start-up. The agency however blames an unnamed employee for the failure to process the application. The CAC’s About-turn According to a report, […]
Source : Bit Coin News
Added today

ADALend Makes It on “the Essential Cardano List” by IOHK

Input-Output Hong Kong (IOHK) has listed ADALend on their :Essential Cardano List” of projects that are considered part of the ecosystem supporting and providing Cardano users with products and services. “The Essential Cardano List” gives an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation, and Emurgo resources, […]
Source : Bit Coin News
Added today

Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders

One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through the cryptocurrency industry. The sending of the notices has also raised questions about the criteria that Standard Bank is […]
Source : Bit Coin News
Added today

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan EstimatesAuthorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan […]
Source : Bit Coin News
Added today

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism

binanceDevelopers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, […]
Source : Bit Coin News
Added today

Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure

After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes […]
Source : Bit Coin News
Added today

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

Pakistan Government Not Against Crypto Investments, High Court Calls for RegulationsThe executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to […]
Source : Bit Coin News
1 days ago

Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will ‘Eventually Be Equivalent to $1 Million’

Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will 'Eventually Be Equivalent to $1 Million'The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about bitcoin on numerous occasions and even more so these days as the crypto asset crossed its all-time price high. After the Proshares exchange-traded fund (ETF) launched on the New York Stock Exchange (NYSE), Pool asked his 897,700 Twitter followers if they […]
Source : Bit Coin News
1 days ago

Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%

On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above […]
Source : News Btc
Added today

ASSEMBLE Protocol Rallies 200% Following Coinbase.com Listing

ASSEMBLE Protocol made its debut on the Coinbase Pro exchange on Wednesday 20th October 2021 according to the official disclosure made by Coinbase. ASSEMBLE Protocol’s token ASM was listed following massive demand from the community on the largest NASDAQ-listed U.S cryptocurrency exchange – Coinbase. The ASM token powers the Assemble Platform, which is purported at managing and spending integrated reward and loyalty points. Anticipation had been on the rise among holders ahead of the listing. With a user base of around 750,000, the project was primed for a big listing. ASM has also listed on Gate.io and Bithumb Korea, both highly reputable exchanges in the crypto industry. Listing on the Coinbase Pro proves how much faith the market has in the token and has sparked massive adoption since its inception. It should also be noted that Coinbase.com has listed the ASM token on its major platform the day after the ASM-USD and ASM-USDT pairs were enabled on Coinbase Pro. Coinbase Pro Listing Effect The announcement came on Wednesday and confirmed that users can now transfer ASM tokens into their accounts for trading on Coinbase Pro. Coinbase will provide support for ASM in supported jurisdictions, the post read. ASM tokens can be traded on the exchange using the ASM-USD and the ASM-USDT trading pairs. Given the influx of trading volume following the listing, ASM’s price surged. The first 24 hours following the listing saw the price of the digital asset gain over 200%. This sent the price of the asset towards five-month highs. Listing on Coinbase Pro put an end to the long-suffering months that had followed its high in April. Transaction volume also grew ahead of the listing. ASSEMBLE Protocol reported that it had seen a 26,000% jump in transaction volume, which is attributed to anticipation of the Coinbase listing. ASSEMBLE Protocol Launches Web Version ASSEMBLE Protocol has made another stride in its efforts towards accommodating the growing adoption of its platform. The project launched a desktop version of the South Korean mileage integration protocol. Previously, users could only access the platform through Android and iOS applications. However, with the completion of the web version, ASSEMBLE Protocol broadens the avenues through which consumers can access its services. Innovations like these have become important given the rate of adoption of the protocol. The Coinbase Pro and Coinbase.com listing triggered a huge influx of trading volume of both centralized and decentralized exchanges, which peaked at $500 million. What Is ASSEMBLE Protocol? ASSEMBLE Protocol is a mileage integration protocol built on the Ethereum blockchain. The project utilizes the power of the blockchain to provide consumers with a platform where they can aggregate, manage, and spend mileage and reward points. The unified wallet is connected to leading firms to convert loyalty points into a unified reward point ASP, which users can then convert to ASM tokens. The idea behind ASSEMBLE Protocol is not a novel one, other projects have offered the same services. However, a defining factor has been the success rate of ASSEMBLE Protocol. Consumers can spend or convert their loyalty reward points right from inside the platform. 2021 has been especially important for the project with multiple listings on major exchanges and a database of approximately 750,000 users. Massive adoption is expected in the days and weeks following the Coinbase Pro listing.  
Source : News Btc
Added today

New Journey Begins: ViaBTC Capital to Be Unveiled

Five Years of Commitment to Empowering Blockchain Projects 2021 marks another milestone for ViaBTC Group. In August, it established a new brand – ViaBTC Capital, an investment platform integrating capital, resources, and post-investment services. From “developing blockchain products” to “empowering blockchain projects”, ViaBTC Group is constantly exploring new frontiers and taking on new missions. “Innovation For A Better Future” Brand Launch online, October 23 On October 23, 2021, ViaBTC Group will unveil ViaBTC Capital online on its official Twitter account @ViaBTC Capital. The brand launch event themed with “Innovation For A Better Future” reveals the vision of the new investment platform, which is to empower promising blockchain projects in their infancy and offer more possibilities to excellent developer teams across the world. Through innovation, new areas will be explored for the blockchain industry, and a better future will be created for the sector together. The brand launch will bring together Haipo Yang, founder of ViaBTC Group, strategic partners including Ray from IOSG, Yida from Shima, Matt from Blofin, Ran from WOO, and Captain from Arkstream, and other crypto influencers. The new brand ViaBTC Capital and its brand philosophy will be presented to a global audience. Mysterious limited NFTs will be distributed online. Master insiders will sit together for a discussion and share their insights into the industry dynamics, allowing more to witness the birth of ViaBTC Capital. New Look for the New Brand As a blockchain player since 2016, ViaBTC Group witnessed the ups and downs of the cryptocurrency market. In the past five years, ViaBTC Group has been honing the best blockchain services and products for consumers. ViaBTC Capital will be added to ViaBTC Group’s business portfolio which includes mining pool, wallet and smart chain. Guided by the vision of “making the world a better place through the blockchain” and the new company’s strategy, ViaBTC Group introduced the investment brand ViaBTC Capital to explore investment opportunities in the blockchain market. New Mission to Empower Emerging Blockchain Players Bearing the past fruitful experience, ViaBTC Capital embarks on a promising journey. ViaBTC Capital will take on the new mission of empowering emerging blockchain players. Supported by capital, resources, and post-investment services, the new company will focus on developing and investing in Web 3.0, Layer2, and DApp projects combining DeFi, NFT and DAO. By incubating and fueling the growth of budding projects, ViaBTC Capital will make a big push to the blockchain industry. New Journey to Build a Top Blockchain Investor The establishment of ViaBTC Capital marks the start of a new journey for ViaBTC Group. Burdened with the job of “building the infrastructure for the blockchain community”, ViaBTC Group has nurtured a whole blockchain ecosystem. ViaBTC Group has industry insights, blockchain technologies, international community promotion, and a global investment network, which enable it to provide professional and comprehensive post-investment services. By pooling the strength and resources accumulated over the past five years, ViaBTC Capital can rise to be a leading blockchain investor in China. Focusing on Web 3.0, Layer2, and DApp, the new platform will take advance innovation across the industry and work to lead the development of the blockchain economy. Standing at a new start, ViaBTC sets sail for a grander vision. As the new journey begins, ViaBTC will work for quality, leapfrog, sustainable development by drawing power from strategic governance, talent cultivation, and technological innovation. The goal of ViaBTC is to build an influential and innovative investor well positioned in the blockchain world. About ViaBTC Capital Combining services such as funding, resource support, and post-investment assistance, ViaBTC Capital is an ecosystem-based investment platform that focuses on Web 3.0 and Layer 2 projects or DApps for DeFi, NFT, or DAO. We believe that this new subsidiary, relying on the rich industry resources of ViaBTC Group, will speed up the development of the blockchain industry by gathering the relevant technologies, talents, projects, and capital across the globe.    
Source : News Btc
1 days ago

Analyst Puts Bitcoin Bottom At $50,000, Here’s Why

With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a lot of attention has been paid to where the price of the asset might bottom out when the market inevitably goes into another bear market. This usually long stretch of low momentum has seen bitcoin lose 94%, 87%, and 84% of its peak value respectively in the last three bear markets. One recurring theme of the bear markets has been the diminishing percentages of total value lost. At this rate, it is expected that BTC will see between 75% and 80% loss from its peak this cycle. Market analyst Justin Bennett uses this to predict where BTC will bottom out next. The Next Bitcoin Bottom Bennett put the next bitcoin bottom at $50,000 after analyzing the possible price movements of the digital asset. With the current cycle, the analyst sees the price of bitcoin hitting $200,000 before the bull run is over, hence a 75% to 80% pullback in a bear market will see the bottom of the asset land around the $50,000 range. Related Reading | Bitcoin Leads Charge Of Large Cap Altcoin Dominance In October This bottom is solely based on the cryptocurrency hitting the price range that Bennett expects the asset to peak at by the end of the rally. If BTC does not hit this price point before the bull rally is over then we might see a BTC bottom land at a much lower price range. BTC goes into the red ahead of Friday opening | Source: BTCUSD on TradingView.com Bennett’s pullback analysis has a lot of credit given that markets are historically known to see lower pullbacks as assets mature. So the 75% to 80% mark does resonate with what the market is known to do. However, if the price of BTC falls short of Bennett’s prediction or doesn’t move the needle much from its current price point, then the BTC bottom may land in the $10,000 to $15,000 range using the pullback analysis. The Peak Before The Fall Bennett’s analysis did not focus solely on the crash of the digital asset. He put forward his argument for the price of BTC at $200,000 using technical analysis of the market. The analyst points to Fibonacci extensions as indicators of where the price of bitcoin may peak during this cycle. For the Fibonacci extensions, comparisons between the 2.272 and 2.414 extensions from previous cycles have both given a target area which the asset had hit both times. Going by this, Bennett sees the asset peaking between $207,000 and $270,000 before the current cycle is over. Related Reading | Bitcoin New All-Time Cleared, $100,000 Straight Ahead? Moving forward, the analyst plans to use the monthly RSI to time market exits “Notice how BTC tends to end cycles when the monthly RSI reaches above 90,” Bennett says. “It’s also exhibited a double top pattern each cycle, which leads me to believe it happens again.” Bennett plans to use a combination of net unrealized profit/loss (NUPL) and the monthly RSI to slowly exit the asset over the next couple of months. Featured image from YouTube, chart from TradingView.com
Source : News Btc
1 days ago

Bitcoin Bullish Signal: Whales Are Building Their Positions On Derivatives

On-chain data shows whales are sending their Bitcoin from spot exchanges to derivatives, indicating that they are building up their positions. Bitcoin Whales Build Up Their Positions On Derivative Exchanges As pointed out by a CryptoQuant post, Bitcoin whales seem to be moving their crypto from spot exchanges to derivative exchanges. The relevant indicator here is the “all exchanges to derivative exchanges flow mean,” which shows the total amount of coins being transferred from spot exchanges to derivative exchanges. When the value of this metric shows continuous high values, it means a lot of Bitcoin is being regularly moved to these derivative exchanges, which may hint that whale activity has been going on. Low values would imply not many coins are moving in this direction, and could either be staying still, or be rather going the opposite way: from derivatives to spot. Now, here is a chart that shows the trend that this indicator has followed over the last couple of years: The BTC all exchanges to derivatives flow mean vs the price | Source: CryptoQuant The above graph has different regions marked based on whether whales seemed to be accumulating at that time or not. Related Reading | Despite New ATH, Bitcoin Exchange Reserves Continue To Decline The green regions were when the price was mostly moving sideways and the indicator had the whales sending a lot of BTC to derivatives. Following these periods of accumulation, the price had always shown a jump up during the period of the above chart. However, once the indicator’s value became very low, BTC’s price has seemed to have made a top after which its value dipped down. Related Reading | Lucky Buyers Possibly Bag $8K Bitcoin During Early Morning Flash Crash Now, as is apparent in the graph, the current trend makes it look like whales have just started another phase of accumulation. This could turn out to be bullish for the future price. BTC Price At the time of writing, Bitcoin’s price floats around $61.5k, up 2.7% in the last seven days. Over the past month, the crypto has accumulated 42% in gains. The below chart shows the trend in the price of the coin over the last five days: BTC's price seems to be rapidly plunging down | Source: BTCUSD on TradingView After setting a new all-time high (ATH) of $67k, Bitcoin has been sharply going back down in the past couple of days. It’s unclear at the moment which trajectory the coin might follow next, but if the spot to derivatives flow mean is anything to consider, whales seem to be accumulating. This could help the price bounce back up and set it up to reach higher ATHs. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
Source : News Btc
1 days ago

Empowering Blockchain Development, the New Crypto Mission of ViaBTC Capital

Recently, as the crypto market gradually rebounds, the expected latter half of the bull market has arrived. With a dazzling array of new projects, the rapid growth of the sector has attracted much attention. Many investors see great opportunities from the promising investment potential of the blockchain industry, with possible investment channels in DeFi, NFT, Metaverse, GameFi, etc. In the sunrise industry of blockchain, those who can make early plans will be able to seize the next opportunity and profit from its perks. Although there are plenty of crypto projects, many of them are short-lived as a large number of projects will be eliminated from the game after one round of bull and bear. The rapid growth of the blockchain space will not be halted by the iteration of projects. Members of the crypto community have also noticed that it is particularly important to provide early-stage support for outstanding projects. Against such a backdrop, ViaBTC Capital was officially established. Online brand conferences to reshape the image of investment As an incubator committed to blockchain investment, ViaBTC Capital, a new subsidiary of the ViaBTC Group, focuses on the incubation and investment of blockchain projects in fields such as DeFi, NFT, Web3.0, Layer2, and DAO ecosystem. ViaBTC Group, established in 2015, dedicated itself to the mining pool sector in the early days of the group. In recent years, the group has built expertise in the mining pool sector and made investments in the crypto market, giving shape to a mining-pool-centered blockchain ecosystem that covers derivatives such as project investment, crypto wallet, public chain, etc. The creation of ViaBTC Capital has major implications for the crypto sector. This institutional investor has announced that it will host a brand conference on October 23 through its official Twitter @ViaBTC Capital. Apart from the release of limited brand NFTs, the event has also invited big-name guests, including IOSG’s Ray, Shima’s Yid,Blofin’s Matt, WOO’s Ran, and ArkStream’s Warren Fang. It is noteworthy that the founder of ViaBTC Haipo Yang will also take part in the event. Together, the tycoons will engage in round-table discussions and explore the development prospect and the future opportunities of the blockchain industry. Participants of the event will also focus on how the launch of ViaBTC Capital will contribute to the brand building of ViaBTC. Clearly, this new subsidiary also represents a great opportunity for ViaBTC to pursue its all-around strategy in the blockchain space. Resources ViaBTC Capital offers With regard to the early-stage investment of projects, the support of resources and funding is critical. Different from investment institutions that only offer funds, ViaBTC Capital also provides crypto projects with a wide range of resources. 1、Market promotion In terms of market promotion, ViaBTC Capital promises promotions on many international media networks and supports 16 languages, covering most of the countries in the world. Relying on support from over 1,000 product ambassadors, 2,000communities and 200 KOLs across the globe, ViaBTC Capital is capable of localized promotions on a global scale. 2、Technology guide With a team of veteran developers experienced in the development of the mining pool, wallet, and public chain, ViaBTC Capital provides projects with technical support in terms of mining, staking interface, DeFi ecosystem, and multi-chain wallet development, allowing the project team to focus on the intensive development of its core blockchain technology. With help from ViaBTC Capital, the project team can concentrate on achieving breakthroughs of the underlying core technologies, while the ViaBTC team helps it develop the associated ecosystem applications in a short period. This makes it faster for the project team to release applications that face investors and users and gain the upper hand as it tries to take up more market shares. 3、A global network of investment Working with leading foundations and investment institutions, ViaBTC Capital can provide projects with high-quality resources after the investment, which guarantees that the projects will be successfully incubated and win market recognition. 4、User group advantage We can tell that ViaBTC is blessed with a rational group of users. Likewise, ViaBTC Capital is also technology-oriented when making investments. For a crypto project, it is questionable as to whether technical capacity is more important than popularity, or vice versa. Despite this, a project featuring innovative technologies is more likely to succeed with first-class resource support and funding from investors like ViaBTC Capital. When investing in projects, quality trumps quantity. Therefore, ViaBTC Capital has a clear advantage in this regard. Conclusion Essentially, ViaBTC Capital is ViaBTC Group’s channel of external investment and incubation focused on blockchain projects. Moreover, this new subsidiary also provides all-around resources and funding as a gesture of support, which fuels the rapid development of crypto projects. With ViaBTC Capital, the Group will gain the upper hand in new blockchain fields such as Web3.0 and Metaverse and ensure its leadership in the crypto sector. About ViaBTC Capital An investment platform integrating capital, resources, and post-investment services. We focus on and invest in Web3.0 and Layer 2 projects as well as DeFi, NFT, and DAO applications and etc. We believe that relying on the rich industry resources of ViaBTC group and aggregating technologies, talents, projects and capital in related industries around the world can accelerate the ecosystem development of the entire crypto industry.
Source : News Btc
1 days ago

Missed The Boat on SHIB And Safemoon? Don’t Miss Out On 4JNET

4JNET is a new project that presents investors with the opportunity to get massive returns. For many, missing boats on projects like SHIB and Safemoon has been a big regret. However, investors are presented with a fresh opportunity to realize the same kind of returns as 4JNET. The project is aimed at bringing about a monetary revolution that will in turn lead to financial inclusion. 4JNET puts early and late investors on a level playing field, affording every investor the chance to make massive profits from their investments. The encrypted token is structured in a way that rewards long-term holders who are in it for the long run. This enables them to achieve their financial goals through the gains realized from investing in 4JNET. 4JNET is scheduled to make its first debut on December 1, giving investors the opportunity to trade the digital assets from all over the globe. This is another chance for investors to get in early on an asset with appreciative value. Experts And Senior Players Are Loving 4JNET 4JNET has been a favorite of the top players in the crypto space. It has received thumbs from experts and senior players throughout the market. This support is attributed to the underlying logic and protection mechanism of encrypted tokens. It ensures that the tokens are held through time and hedges against market deflation when investors dump their holdings. 4JNET’s team are big proponents of the HODL theme that is often echoed through the cryptocurrency market. History has proven that there is no better way to make the most returns than holding digital assets for number of years. Thus, 4JNET is designed with this proven theory in mind. 4JNET encourages investors to hold for long periods of time by rewarding them for their patience. Investors who hold their 4JNET assets will receive additional tokens each day for as long as they hold. Fair Treatment For Investors As mentioned above, 4JNET pays its investors to hold on to their tokens. This is to prevent holders from dumping all of their holdings at the same time, thereby crashing the price of the asset. One way that 4JNET does this is through its decreasing service charge mechanism. For every transaction carried out on the blockchain, 4JNET will withhold 90% of the transaction amount. This will be the service charge. This way, 4JNET can maintain stable prices for the token. Then 6% will be distributed to all token holders, while the remainder will be transferred into a 4JNET liquidity pool. In order to not only favor early investors, 4JNET plans to decrease service charges by up to 10%. The decrease will go into effect as transaction volume increases, providing a bridge between early and late investors. 4JNET will thus pay a higher service charge than late investors, but all transactions will see a percentage being distributed and another part being sent into liquidity pools. This will stabilize the price of the asset, notwithstanding if selling pressure is high. Secure And Locked Down Security is a major concern when investing in cryptocurrencies. This is because there is no way to get back tokens once they have been transferred out, making the need for a secure platform all the more important. 4JNET was built with this concern in mind. The U.S. MSB license is one of the most sought-after licenses in the digital currency trading space. All institutions that grant monetary exchange and sending services in crypto must have this license, and 4JNET has been awarded this license. This has boosted 4JNET as a trustworthy, first-class platform for global investors who understand the importance of the license. Additionally, 4JNET has its smart contract audited by a world-leading blockchain network security firm. CertiK is known for working with big platforms. Their portfolio includes providing audit services for Binance, Huobi, and OKEx, in addition to blockchain ecosystems like Ethereum, Terra, and Neo. 4JNET’s liquidity certificate and contracts are also blocked into a black hole. The true liquidity of its core engine will ensure that long-term holders see the most benefits.  A development that is yet to be seen in the token industry. Transparency Is The Name Of The Game 4JNET strives to provide investors with long-lasting projects and maintains transparency in how to invest. First of all, the limited edition NFT of 4JNET was released on October 20th. A total of 5,000 limited edition NFTs will be sold in advance, which will be carried out prior to the token launch on December 1. 4JNET once again takes an interesting path with this. The performance of the presale will not affect the scheduled December 1st launch. 4JNET will proceed with the token launch regardless of whether the presale goal is met. The NFTs sold to holders during the three-day presale will account for 30% of all tokens on the December 1 launch. NFT holders will be able to claim 30% of all tokens after the launch and then unlock 2% of tokens every day after. As long as they hold their NFTs, they will be eligible to receive 2% of tokens every day going forward. Moreover, holding the NFTs entitles the holders to a 3% decrease on all service charges. Finally, the 4JNET team does not hold any 4JNET tokens. The funds raised from the presale will go towards advertising on social media platforms like Facebook, Twitter, YouTube, and KOLs in the industry. 4JNET tokens are being developed eagerly and they hold unlimited potential for its investors. To learn more about the project, visit the *insert website or relevant link*.  
Source : News Btc
1 days ago

Crosswise Multi-Chain Platform Set to Revolutionize the DEX Trading Experience

The blockchain and cryptocurrency industry is made up of multiple disparate projects and platforms that cannot efficiently interact with one another. Today, we have a blockchain world that is in disorder, fragmented, and difficult to scale and synchronize. During the internet era of the early 90s, the internet only went mainstream and boomed when it became affordable for anyone to build websites, apps, stores, and blogs. This is exactly what the blockchain and crypto industry needs at the moment. There have been quite a few projects seeking to turn this around, but it appears Crosswise is in the lead here. The project intends to unify different chains, internet technologies, and trading tools. Crosswise aims to offer users, organizations, and enterprises a seamless platform to “plug-and-play” on an open internet. Overview of the Crosswise Ecosystem Crosswise is a next-generation, multi-chain decentralized exchange platform designed with in-built trading tools and rewards for users. The platform undoubtedly takes the trading experience to an entirely new level. Crosswise is a cross-blockchain Automated Market Maker (AMM) and Decentralized Application DApp, focusing on building a decentralized exchange (DEX) on the Binance Smart Chain. The team plans to integrate Polygon, Polkadot, COSMOS, chains just to mention but a few. Crosswise combines security, usability, vision, and stability to build an advanced interoperable ecosystem. With cross-chain capability, users can interact with blockchain-based assets using custodial or non-custodial wallets. This is done with user-friendly, secure, and premium trading tools. It is integrated with tight security, a friendly user interface, cross-chain hybrid smart contracts, verified listings, and the right tools perfectly designed for the trade. The DEX is a platform-as-a-service built for the exchange of crypto assets on a blockchain network. The decentralized finance (DeFi) market is relatively new and full of untapped utility. Every DEX’s success depends on the platform’s functionality, portfolio tracking, efficient and effective trading tools, and native coin stability. Ensuring and fine-tuning all these essential areas is the fundamental mission of the Crosswise platform. Features of the Crosswise Platform ●    The Launchpad The Crosswise incubation and launchpad program aids budding entrepreneurs in launching their projects on the Crosswise DEX. The launchpad of the Crosswise multi-chain ecosystem helps these budding entrepreneurs to expand their user-base and gain access to more funding from potential investors. ●    Next-generation technology The Crosswise multi-chain platform is designed with advanced technology and trading tools that make trading seamless for users. Its top-notch IT infrastructure offers users the best security, compatibility, uptime, and premium tools. The platform also provides users with premium customer support and a ticket system. ●    Premium user experience and tools Crosswise is designed with excellent tools like DEX Order Book, Analytics, Explorer, Price Charts, Account stats, Affiliate Areas, and clean UI for a smooth trading experience. Crosswise Tokenomics and Presale The maximum supply of the $CRSS token is 50,000,000, no team tokens, and 8% of the emission goes to the Dev Wallet. On the other hand, half of the rewards (50%) given for liquidity farming and pools will be in $XCRSS. This will be linearly vested into $CRSS in 5 months, while 20% will be unlocked every month. The XCRSS token is used as a farm reward to incentivize users to stake in the platform, while the CRSS token is the utility token that powers the platform. Crosswise pre-sale starts October 27, 2021 (just 11 days from now). You can register for the whitelist here and stay updated about the upcoming project. For more details about the project, read the litepaper or join the online community on telegram, Twitter, and Medium.    
Source : News Btc
1 days ago

17% Of Ethereum Addresses Hold Majority Of NFTs

Ethereum NFTs have gained the most clout in the crypto space. These NFTs have recorded sales of up to 69.3% for a single piece of artwork. Investors are moving towards owning NFTs as a form of long-term investment in addition to their cryptocurrency holdings. Although other blockchains are coming up where NFTs can be minted, the majority of it still happens on Ethereum. This is why investors have flocked towards non-fungible tokens minted on the blockchain. Its growing popularity has led to some striking similarities with the pattern of holding seen in cryptocurrencies. For example, the same way whales are a thing in cryptocurrencies, there are also NFT whales, and new data coming out of the market shows that whales are dominating NFTs the same way they dominate cryptocurrencies. Related Reading | Five Hidden Gems in NFTs – Well, Not Hidden Anymore Whales Take The Lead On NFTs Moonstream published a report on Github analyzing the movement of non-fungible tokens over the past six months. This time period has been very significant in the growth of the NFT space and the report had some interesting findings. It found that over 80% of all non-fungible tokens are held by only 17% of wallets. Leaving less than 20% of NFTs for the rest of the market. NFT platforms, exchanges, and most importantly, whales, have been grabbing up non-fungible tokens at an increased rate over the past six months, putting them at an advantage over the rest of the market. This is mirroring the cryptocurrency market which shows similar figures for volume held by whales and smaller investors. Moonstream analyzed over 7 million NFTs transactions for the past six months on the Ethereum blockchain. This analysis led to the conclusion that the remaining 83.29% of the NFT market holds only a handful of it. Creating Room For Nuance The data presented in the report included NFT platforms where investors buy and sell their NFTs. It is important to note that since these platforms also offer storage services, NFTs being stored on the platforms are factored into this. Small-time NFT investors could very well decide to leave their acquisitions on these platforms to enable them to sell easily, much like cryptocurrency investors leaving their assets on exchanges in order to move very quickly with the market. Related Reading | CryptoDragons: A Unique NFT Project With Entertainment and Earning Elements In the report, Moonstream explains that more nuance is needed in the interpretation of the data presented, “as many of those owners are marketplaces and clearinghouses lie OpenSea, Nifty Gateway, and other platforms of the same ilk.” Nevertheless, just like in any market, there are always stark inequalities. A small percentage usually controls the largest market share and given the barriers to entry in the non-fungible token market, small-time investors will control an insignificant portion of the market. Featured image from Forbes, chart from TradingView.com
Source : News Btc
1 days ago

VET Breaks Major Trend Line, Why VeChain Could See Massive Explosion

VeChain (VET) is on the move with a 10.3% and 51.4% profit in the daily and monthly charts, respectively. As of press time, the cryptocurrency trades at $0,13 and could further gain due to recent developments. After recording a potential bottom on October 20th, VET experienced a breakout to the upside, as analyst Justin Bennett claimed. Related Reading | VeChain Foundation Announces Vote To Implement Upgrade, Bullish For VET? With the Bitcoin season inaugurated, the first crypto by market cap has been taking liquidity from the altcoin market. In that sense, VeChain could have found a bottom in its VET/BTC trading pair with critical support at 0.123, as Bennett explained. At the time, Bennet said: VET breakout is coming. Many complain about the lack of movement. What they fail to see is that this is all just consolidation. The longer the coil, the bigger the breakout. 187 days of consolidation and counting. Yesterday, VeChain (VET) started a breakout run, the analyst said. This could put the cryptocurrency on a bullish trend but could face some obstacles if Bitcoin underperforms during the weekend. The Worst-Case Scenario, Still A Win For VeChain (VET)? VeChain has consolidated major partnerships around the world especially in Asia. The platform seems to be part of China’s national blockchain plan, as suggested by its appearance on state-backed media. Related Reading | How This VeChain Tool Will Aid Enterprises To Reduce Carbon Emissions As noted by the VeChain Foundation, they were awarded a certificate from the China Association for Standardization, an institution operating under the State Council. The award was granted to the company due to their “major contributions to the T/CAS 493-2021 Standard for household electrical equipment”. This goes to show the deep tights that the VeChain Foundation seems to have with the Chinese government and its potential to gain more relevance over the next years. #VeChain received a certificate from the China Association for Standardization, a body under the State Council, for our major contributions to the T/CAS 493-2021 Standard for household electrical equipment. Our #blockchain tech is becoming the industry standard. $VET $VTHO pic.twitter.com/GnEccflQon — VeChain Foundation (@vechainofficial) October 22, 2021 Bennett noted the importance of VeChain’s expansion in the business world with collaboration with U.S.-based giant Walmart and recently DHL to enter the Non-Fungible Token (NFT) market. The analyst said on VET’s potential to run hotter than Ethereum: VETETH supports the idea that #VET will end this cycle with another period of outperformance beginning in the next few weeks. Related Reading | This VeChain Partnership Will Enable VET Holders To Buy On Ebay, Amazon And Others In the coming months, the worst-case scenario for VET holders could still score them great profits as Bennett expects the cryptocurrency to take over its April trend line. During this period, VET could trade at $1 driven by the FOMO effect triggered by Bitcoin and Ethereum reaching a new all-time high. Even if VETETH only moves back to its April high and $ETH is around $10,000, it puts VET just over $1. If this pattern plays out again and ETH is $10,000 at the time, VET is closer to $1.50.
Source : News Btc
1 days ago

Five Hidden Gems in NFTs – Well, Not Hidden Anymore

2021 was a massively successful year for NFT’s, blowing the roof off what was expected, and saw growth skyrocketing by over 705% to $338 million including several NFTs collections and projects . In February, the total amount of transactions on the NFT trading platform Opensea surpassed $90 million, with the total number of users exceeding 50,000. In August, 6 months later, the trading value hit $3.4 billion. In the same time, CryptoPunks reached a maximum transaction price of 1.5 million US dollars. As the market matures, we’ve found some hidden NFT treasures that could be worth a lot of money. The top five hidden gems in the NFT world are: Momento Yes, the one that was recently featured on the tallest building in the world, aka Burj Khalifa! Momento is a DEFI + NFT project that tries to exhibit some of the most exciting events from the previous decade to evoke a sense of nostalgia in individuals through art. Unlike most NFT ventures, Momento does not create NFTs for the sole purpose of holding but rather to earn. They believe the foundation of their enterprise is a robust community that is earning. Momento’s goal is simple – Feature two types of NFTs: one that depicts the most memorable moments of the last decade, and the other that focuses solely on the most well-known crypto projects, showing key moments from their crypto journey in a single piece of art. These NFTs are created to evoke a sense of nostalgia in collectors, allowing them to participate in something that will last forever. CactiClub Have you heard about PancakeSwap NFT Marketplace? Well, CactiClub is one of the first third-party art collectibles with actual use cases to be potentially listed on the market. Considering that PancakeSquad, a collection launched by the PancakeSwap team, had a floor of 8 BNB and set foot on 60,000 BNB volume, we can expect nothing but good news along with the incoming listing. CactiClub is a collection of 6499 randomly generated 3D cacti that first appeared on the BSC blockchain. With a floor price of 0.4BNB, the value of each Cacti will potentially make ATH once it’s officially available on PancakeSwap Market. The pieces were handcrafted by a recognized digital artist who likes to maintain a mysterious sense of anonymity under the name of Peyote Pal, “The Animator.” Each Cacti’s rarity boosts its in-game power. Once you buy their NFT, a sequence of unique Cacti created by the blockchain is minted and transferred to your wallet. When collectors buy Cacti, they immediately gain admission to a fantastic community! They automatically receive a rare piece of art, access to a P2E wager game and even the option to stake your NFT to earn a CACTI token! Bullseum Bullseum is an NFT art project that can be purchased on OpenSea, and has 5,000 collectible NFTs with over 110 qualities. The “most significant art collection of this civilization” is housed in the “Bullseum,” a museum that houses pictures of the most influential Bull species. These portraits were created by some of the most innovative people on the planet. The initial sale price for each bull was 0.07ETH, and they reached a peak floor of 0.3ETH. Bullseum also has 20 ETH set aside for the development of a video game in the future. Atomic Market The marketplace is an integral part of the AtomicAssets hub! Traders can easily access the platform to dive deep and uncover more gems in the space. There is also a function to trade offer feature: when an asset is put up for sale, the marketplace receives the trade offer and will be only accepted if the buyer purchases the asset. The marketplace is intended to be completely self-contained from its parent network. The 2% charge received from each transaction goes to whichever marketplace makes the listing and purchase of the sale possible. It has gained about $33,692,276 in volume since its inception in January 2021. Conclusion To sum up, these are some of the hidden gems in the world of NFTs, be it a marketplace or an NFT collection. Each one of them has something incredible to offer! It’s intriguing how this space has grown exponentially, and it’s only going upwards from here! What do you think about these gems?      

@Copyright Coin Express Way 2019