Digital Asset news-Page 14
Q&A: Can crypto achieve mass adoption without making it easier to send digital assets?
One of the reasons for the success of the World Wide Web was the creation of the Domain Name System, which replaced numerical IP addresses with easy-to-remember names suitable for non-techy folks. Thus apple.com instead of 17.254.0.91. And that’s nothing compared to the complexity of a Bitcoin address that is an alphanumeric string more than three to four times longer. Then factor in that a single incorrect letter or number will send your BTC into the void forever — or possibly to some random stranger — and it’s clear that something must change before the average person will adopt cryptocurrencies …
Adoption / June 29, 2021
Deutsche Boerse acquires majority ownership of Crypto Finance AG
Deutsche Boerse has acquired a majority stake in Crypto Finance AG — a Swiss digital asset firm. According to a release issued on Tuesday, the German stock exchange operator has bought a two-thirds stake in the digital asset company. Though the financial details of the deal have yet to be made public, Deutsche Boerse revealed that the purchase sum was in the “moderate three-digit CHF million range.” The stock purchase agreement will be finalized in Q4 2021 once all parties receive the required green light from regulators. As part of the announcement, Deutsche Boerse revealed that the acquisition was part …
Business / June 29, 2021
Has this ecosystem found a way to make cryptocurrencies accessible to all?
An adoption-focused ecosystem that is built to simplify the way crypto payments are made says its smart contracts have been successfully audited by an independent firm — with the beta version of its app receiving a warm reception since being launched in early June. Samecoin says more than $2 million was locked in its protocol within an hour of launch, and an extensive list of partnerships means that it delivers immediate utility. The project’s team is also growing quickly, with new hires being made on a regular basis. Permissionless asset creation is one of Samecoin’s strong suits, and these tokens …
Adoption / June 28, 2021
Coinbase-backed Securitize secures $48M in Series B funding
Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize. According to a release issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation from Morgan Stanley Tactical Value-managed investment funds and Blockchain Capital. Other participants in the funding round included Sumitomo Mitsui Trust Bank (SMTB), Emin Gün Sirer’s Ava Labs, and venture capital fund IDC Ventures, among others. The oversubscribed Series B round also saw participation from previous Securitize backers like Ripple and Borderless Capital. Monday’s Series B funding announcement comes …
Business / June 21, 2021
How this crypto project is bringing all things DeFi under one roof
A crypto project says it is changing the game of decentralized portfolio management — and delivers an all-in-one platform that brings everything users need under one roof. DEXKIT has been built to provide a genuinely user-friendly way of managing and trading digital assets. The application features a DEX aggregator, professional exchange, NFT marketplace, and dashboard where users can monitor asset performance. The DSwap aggregator continually monitors more than 30 decentralized exchanges on the Binance Smart Chain and Ethereum networks, delivering up-to-the-minute crypto data. Swaps can be filled by multiple protocols at once which can result in more tokens for trades. …
Decentralization / June 17, 2021
Want to own an NFT of your favorite movie scene? Soon, you might be able to
We all have a favorite scene from a movie — a stand-out moment that has stayed with us ever since. Yet curiously, the magical world of film has been largely untouched by the explosion in nonfungible tokens. Until now, that is. MOVE Network is a crypto project that is vying to shake up the market by becoming one of the world’s largest NFT aggregators. Better still, its top priority is shaking up the movie industry, a sector that commands global revenues of more than $115 billion. In a live ask-me-anything session held on Cointelegraph’s YouTube page, two executives from the …
Technology / June 16, 2021
This crypto company is on a mission to stop passive hodling
A fintech platform says it is on a mission to stop passive hodling — helping them to unlock value from their cryptocurrencies in new ways. YouHodler offers crypto-backed loans that enable enthusiasts to generate liquidity from their digital assets without having to spend them. A suite of trading solutions encourage experimentation — while web and mobile wallets deliver “a safe and easy-to-use alternative to senseless crypto wallets.” By integrating a range of payment methods, including stablecoins, bank transfers and credit cards, YouHodler’s goal is to create seamless connections to the real world — ensuring crypto can be used for everything …
Technology / June 15, 2021
Football-focused NFT platform plans to kick off in style, with some big names
Football: It’s a sport filled with magic, memorable moments, and passionate fans who devote their lives to supporting their team. And now, a long-term project is giving supporters a whole new way of collecting memorabilia. Shirtum is a nonfungible token platform that allows footballers to create NFTs reflecting some of their biggest milestones — powerfully telling the story of iconic moments in their careers that will go down in history. Fans will be able to compete for the chance to own limited-edition tokens in their very own personalized gallery, with blockchain technology being used to guarantee the authenticity, traceability and …
Technology / June 14, 2021
‘Crypto will cause the next financial crisis’: Precious metals boss
Brett Heath, CEO of precious metals royalty and streaming company Metalla Royalty & Streaming, has warned that crypto will “lead the charge into the next financial crisis.” Metalla Royalty & Streaming is a Canadian-based firm founded in 1983 and has a current net worth of almost half a billion dollars. Metalla offers exposure to precious metals through gold and silver royalties and streams. Speaking to financial news outlet Kitco News on Friday, Heath compared crypto to the tech induced crash of the early 2000s and the 2008 mortgage crisis, noting that: “When you look back the last few decades and …
Business / May 28, 2021
Can blockchain ever be part of the solution for tackling climate change?
Elon Musk captured the world’s attention when he declared that Tesla would no longer accept Bitcoin as a payment method, citing the blockchain’s environmental impact. Although this thrust the debate about cryptocurrencies and the climate into the spotlight, this has been an issue that has been rumbling on for many years. Bitcoin’s proof-of-work consensus mechanism is exceedingly energy intensive, and it seems to be a problem that’s only getting worse — with vast data centers established as miners vie to get their hands on a supply of new coins that has dwindled further since the 2020 halving. The latest figures …
Blockchain / May 25, 2021
Trading strategies, explained
How do you choose a trading strategy? Choose a strategy that plays to your strengths, ranging from your experience with cryptocurrency markets to your tolerance for risk. There are a lot of factors, but it boils down to an honest assessment of your skill and experience level. Do you understand how cryptocurrencies work, are you familiar enough with the analytical tools that let you accurately predict the market, and do you know your real tolerance for risk? Once you are clear on those factors, you need an experienced exchange partner that offers an intuitive interface, is reliable in times of …
Trading / May 21, 2021
NFT market projected to double by October as trading volume surges
The market for nonfungible tokens, or NFTs, is expected to maintain its rapid growth trajectory this year as demand for digital collectibles continues to grow, according to a new forecast from Invezz, an online investing news and education platform. NFT trading volume is expected to reach $175 million by October, leading to an industry market capitalization of $470 million, Invezz said in a Thursday report. The market for NFTs was worth $338 million in 2020. Through the first three months of 2021, NFT trading volumes surged 645%, Invezz said. The growth was largely driven by growing retail adoption of digital …
Blockchain / May 20, 2021