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Altcoin Season!

Take Advantage Of Altcoin Price Trends Of 2021

The evidence is abundant that 2021 is the year that will bring a jaw-dropping Altcoin Season. Just as the sun rises in the East and sets in the West, Bitcoin is the first cryptocurrency to rise in price, and the Altcoins eventually follow.

Bitcoin Leads, The Altcoins Follow

There’s no questioning that Bitcoin is the definitive OG of the cryptoshere, as is most likely best highlighted by the point that the flagship digital asset has been in a position to pique the interest of many prominent legacy financial institutions – like Microstrategy, BlackRock, Grayscale – during the last year or thereabouts.

Not just that, in recent months, a selection of banks and venture capital funds as JP Morgan, Raiffeisen, Pantera Capital have projected BTC to scale past beyond the $100k mark with great ease (not to mention our own Bitcoin prediction exceeding $379,000 in 2021), indirectly indicating their growing confidence in this yet incipient asset class.

Even with all the sell offs and volatility which was witnessed during the last week, data available on the web definitely shows that the number of addresses with 1,000 or over Bitcoin (referred to as “whales” in the crypto world) has continued to increase. As is ALWAYS so with professional institutional money, the “buy-the-dip” strategy is employed with full force.

It’s called “talking your book” om Wall Street jargon.

While big institutional players plant news stories and give interviews that create fear, uncertainty and doubt (FUD) – thus driving the price down as nervous traders sell – at the same time they are accumulating for themselves at lower prices.

Like it or not, that’s standard operating procedure for traditional markets, and especially crypto.

Bottom line: whales continue to buy Bitcoin.

And where Bitcoin leads, the altcoins will follow.

Forecasting Altcoin Market Activity for the Coming Year

We’ve been pounding the table that 2021 is going to be another moonshot type of year due to the 4-year cycle. 2013 was the year of the first 4-year cycle top. 2017 was the second instance of a tremendous crypto bull run into the second top of the 4-year cycle.

2021 will be the year of the third top of the 4-year cycle.

In order to gain a better understanding of how the 4 year cycle top will play out, we’ll go back and examine the previous iteration of the cycle.

Looking At The Altcoin Season Of 2017

It’s been said that “History doesn’t repeat, but it sure does rhyme.” If you go back and look at historical prices of Bitcoin from previous years, it’s very obvious that Bitcoin isn’t following the 4-year cycle precisely 100% on a daily basis, but the correlation is over 90%.

In other words, Bitcoin price action rhymes with previous Bitcoin price action.

Let’s look closely at Bitcoin’s price action in 2017 as well as the leader of the altcoins, Ethereum.

Bitcoin Price Action In 2017

Bitcoin was priced at $1,003 on January 1, 2017.

It took 138 days for Bitcoin to double in price. (May 18)

It took 216 days for Bitcoin to triple in price. (August 4)

It took 226 days for Bitcoin to quadruple in price. (August 14)

It took 284 days for Bitcoin to quintuple in price. (October 11)

Ultimately, Bitcoin went up more than 19-fold into the 4-year cycle high on December 17, 2017.

Ethereum Price Action In 2017

Ethereum was priced at $8.20 on January 1, 2017.

It took 60 days for Ethereum to double in price. (March 1)

It took 72 days for Ethereum to triple in price. (March 13)

It took 74 days for Ethereum to quadruple in price. (March 15)

It took 75 days for Ethereum to quintuple in price. (March 16)

By the first day of summer, June 21, Ethereum had increased in price by a factor of 41 times over.

Ultimately, Ethereum went up more than 170-fold into the 4-year cycle high on January 10, 2018.

Altcoin Season Lessons

Looking at the above prices of both Bitcoin and Ethereum, we can gain insights into how the altcoin season of 2021 will unfold.

Here are some key takeaways:

  1. Once altcoin season starts to gain momentum, prices of meritable altcoins will rise faster than Bitcoin.
  2. March is likely to be a very good month for the leading altcoins.
  3. By the summer of 2021, a handful of the best altcoins should be as much as 40 times higher in price compared to where they started the year.
  4. The top altcoins could go up in price more than 150 times their value at the start of the year.
  5. Bitcoin will reach its 4-year cycle peak 3 to 4 weeks before the altcoins do, and will start its new bear market.
  6. The entire altcoin market will follow Bitcoin into its next bear market.

Specific Price Targets

There’s no question in our minds that 2021 is going to be a very, very exciting year for cryptocurrency investors.

You should, however, remember that prices don’t move in a straight line higher. Bitcoin Experienced several LARGE drops in 2017, even though the the overall trend was wildly bullish.

The same is likely to be the case this year.

If you’d like to see some of our specific 2021 price predictions for specific coins, simply head on over to this page.

Altcoin Season Basics

An altcoin season is also a term used for a season in which an altcoin is outperforming the price of the original: Bitcoin. There are three stages to an altcoin season. The first stage is when there is a profiting trend on an altcoin that is very new, or a trend that is new to a particular altcoin. The second stage is when the profiting trend dies down, and there is no longer any substantial profit potential from the altcoin in question.

In the third phase, after the profiting trend has died down, the altcoin season starts to see a new influx of traders who are looking to make a long position in the market. By this stage, the profitability potential in trading on any altcoin is significantly reduced. During the second phase, the price movement of all-time high prices of bitcoin continues on its upward trek.

One of the factors that makes the altcoin season so interesting to follow is the fact that there is considerable amount of volatility in the market. The large increase in volatility is what allows an investor to profit from the trading of ether and another high valued alternative currency. Volatility is usually considered a good thing for experienced traders because it increases the opportunities to profit from price movement – both UP and DOWN.

For investors and holders, however, the volatility can be nerve wracking.

lastly, it’s important to remember that the altcoin season doesn’t last forever. In fact, most (statistically it’s over 90%!) investors lose money during the bearish period. However, if you find several profitable altcoins during this time, it can be literally, life-changing.

Come the end of 2021, just remember one fact: trees don’t grow to the sky.

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Bitcoin News Blockchain News Cryptocurrency News

Standard Hashrate Welcomes 5 New Miners To BTCST

Standard Hashrate Group (“SHG”) is an open platform where prominent miners standardize and tokenize their BTC hashrate. Today, SHG announced Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia as tokenization miners. SHG welcomes these industry-leading companies to tokenize a total of 25 PH/s of Bitcoin hashrate into Bitcoin Standard Hashrate Tokens (“BTCSTs”).

With its successful debut on Binance Launchpool, BTCST has become the benchmark hashrate token with deep market liquidity and price premium. Further contribution of Bitcoin hashrate by Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group will bring to BTCST best-in-class skills in hashrate provisioning and continuity assurance.

“Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia form a diverse and powerful group to join as BTCST’s new batch of tokenization miners. They share SHG’s vision of bringing exchange-level liquidity to mining power and bridging real-world mining to the DeFi world. Their rich experience and collaborative approaches in industrial scale mining will be greatly complementary to SHG,” said Alex Zhao, CEO of SHG.

“We believe BTCST has connected Bitcoin mining to the DeFi world,” said Tony Ma, CEO of Atlas Mining. “With BTCST, we can earn real BTC via crypto-native staking.”

“Mining is an asset intensive industry. BTCST has turned mining machines into high liquidity assets as Grayscale does to Bitcoin, injecting incremental value into the mining market,” said Zhuoer Jiang, CEO of BTC.TOP.

“We believe a project like BTCST should focus on decentralization of hashrate sourcing,” said Cathy Yu, CMO of Easy2Mine. “We are glad to support this project as a tokenization miner.”

“BTCST is really exciting,” said Rene Hennen, COO of Genesis Mining, “It is one of the rare inventions which expands the Bitcoin ecosystem with the potential to add a lot of value.”

“As the operator of some of the largest hydropower cryptocurrency mining facilities, we applaud the innovation of the BTCST project,” said Jiwei Zhu, Chairman of Hengjia Group. “We hope to work with the BTCST project to improve its ecosystem.”

BTCST is a token collateralized by real Bitcoin mining power. By staking BTCSTs, holders of the tokens will receive daily Bitcoin distributions that correspond to the mining power staked. With BTCST, you mine Bitcoin the DeFi way.

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Blockchain News Cryptocurrency News

Results Of Vaycaychella Cryptocurrency Survery

World Series of Golf, Inc. (OTC Pink: WSGF), parent company of Vaycaychella, today reported a very robust survey support of 95% in favor of the company’s cryptocurrency strategy in conjunction with the company’s overall fintech short-term rental property acquisition alternative finance business. 

In conjunction with the company’s newly developed cryptocurrency plans, management recently conducted a cryptocurrency survey. Today the company reported the survey results.

95% of respondents supported the company’s cryptocurrency strategy and 84% expressed interest in the purchase of real estate with cryptocurrency. Another 12% expressed interest in owning an interest in Vaycaychella through cryptocurrency. The full results are included below.

Vaycaychella is subsidiary operation of WSGF acquired last year that now represents the company’s primary business focus. A corporate name change is underway.

Vaycaychella has built a peer-to-peer (P2P) technology solution designed to connect short-term rental property buyers with alternative investors. The P2P application (app) is part of a fintech ecosystem solution suite for short-term rental property owners that includes a Visa Card solution and plans for a cryptocurrency component.

Over the past three years Vaycaychella has built a portfolio of short-term vacation property investments that would not qualify for conventional mortgages. Now the company is scaling its business model with the introduction of its P2P technology.

WSGF plans to beta launch its Vaycaychella P2P app to beta users in February 2021 with a production launch anticipated in June. 

Recently, the company announced plans to add a cryptocurrency strategy to its Vaycaychella P2P business model

Survey Results:

Cryptocurrency Experience

own one or more cryptourrencies                            55%
 ready to invest in cryptocurrency                            23%
 need to learn more before I am ready                      22%

Cryptocurrency Confidence

 believe cryptocurrency will replace cash and stocks            10%
 believe cryptocurrency will be an alternative to both          78%
 believe cryptocurrency is just a passing trend                      3%
 I don’t know                                                                      9%

Vaycaychella Cryptocurrency 

 support a Vaycaychella cryptocurrency strategy                     95%
 think Vaycaychella should stay out of cryptocurrency             5%

Vaycaychella Cryptocurrency Priority 

 capability to purchase properties with cryptocurrency               44%
 capacity to buy fractional ownership in one or more properties   40%
 cryptocurrency backed by ownership in Vaycaychella                   12%
 Vaycaychella should not have a cryptocurrency offering now        3%
 Other                                                                                              1%

Cryptocurrency Regulation

 understand cryptocurrency regulations                                 39%
 find cryptocurrency regulations confusing                            22%
 do not understand cryptocurrency regulations                      22%
 didn’t know there where cryptocurrency regulations             12%
 not interested in cryptocurrency regulations                          5%      

Vaycaychella
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Blockchain News Cryptocurrency News

Chainlink Price Prediction

This is 4th in our series of 2021 price predictions for some of the major coins by market cap. We’ve already outlined our Bitcoin, Ethereum, and Stellar Lumens price projections for 2021. Today will will provide our Chainlink price prediction.

Further down in this article we will go over the details of what exactly Chainlink is and the potential that it offers, but you’re here for a price prediction, and we’re going to get right to it.

As always, we like to review price forecasts made by others in the crypto industry before we provide our own.

CaptainAltcoin shares the following LINK predictions:

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the ChainLink (LINK) price, which will give us another point of view to consider:

Trading BeastsLINK – $20.78

Trading Beasts have given LINK prediction on monthly basis and they have forecasted that by the end of 2021, Chainlink might reach $20.78 to the maximum and $10.53 to the minimum.

Coin FanLINK – $23.18

Coin Fan is good at giving optimistic numbers and has predicted that by the end of 2021, LINK might reach $23.18, which is way more bullish and optimistic a prediction. They have even forecasted that by 2023, LINK might reach as much as $300, which is an unbelievable prediction.

Digital Coin Price LINK – $15.74

Digital Coin price also has given a monthly prediction for Chainlink and they have projected that by the end of 2021, LINK might reach $15.743, which is almost double the current price.

Wallet InvestorLINK – $18.32

Wallet Investor is known for giving not so optimistic prediction for almost every digital currencies. Even for Chainlink, it is not quite different. They have predicted that by 2021 end, LINK might go down to $18.325.

Looking at the above forecasts for the price Chainlink might climb to this year, we’d venture to say they need to update their forecasting methods!

LINK has already surpassed 3 out of the four, and has almost surpassed the fourth. Needless to say, there’ still a LOT of time left in 2021 for LINK to keep Climbing.

Let’s review a few other LINK forecasts.

Coinpedia.org offers this prediction:

Chainlink has drawn a lot of attention and attracted new fans to their project. Their activities and appreciation among other industry players have increased trust in the company. By the end of 2021, the coin may reach about $28.

CryptoEinfach reported these Chainlink price predictions for 2021:

Crypto-rating.com determined the year-by-year price change of Chainlink with their own AI-enabled algorithm, they are predicting In 2021, Chainlink will be priced around $19.82.

Digitalcoinprice.com thinks Chainlink will peak in 2024 with around $34.3 their prediction is a bit more pessimistic with a price in 2021 of $20.49.

Once again, LINK has already exceeded the two price forecasts above.

This is the LINK prediction as declared by gov.capital:

Our site uses a custom algorithm based on Deep Learning that helps our users to decide if LINK could be a good portfolio addition for the future. These predictions take several variables into account such as volume changes, price changes, market cycles, similar coins.

Future price of the asset is predicted at $33.033427 (57.429% ) after a year according to our prediction system.

Custom deep learning algorithm? Sounds so sophisticated. However, If our LINK prediction is anywhere near close to what actually occurs, it won’t be very long before it becomes crystal clear that their deep learning algo needs to go back to shcool.

Lastly, here is the LINK forecast provided by the bybit blog:

The Chainlink price is predicted to experience a bullish trend, sustaining over $23 in 2021 and paving the way for an eventual run up to $60 in 5 years

LINK over $23.00 during 2021? With the price of LINK quoted at press time of $22.22, that’s about as risk-free of a forecast as one can make.

It should be very evident from the forecasts above that all the “experts” are unanimously calling for the price of Chainlink to pretty much remain in the range of its current price.

We strongly disagree.

Our 2021 Chainlink Price Prediction

We’ve said it before, but it needs to be said again: there is a 4-year cycle in cryptocurrency prices. This cycle is most likely – or at least partially – caused by the Bitcoin halving cycle, which itself is a four year cycle.

This cycle has existed since the creation of Bitcoin. While it certainly could, we see no reason for this cycle to suddenly disappear this year.

This 4 year cycle, which has existed in the cryptocurrency market since day one, suggests that 2021 is going to be another roaring year for crypto prices.

Previous 4 Year Cycle Tops

The previous 2 tops of the 4 year cycle were 2013 and 2017. The next cycle peak is due around Christmas time in 2021.

Bitcoin has been through two complete 4 year cycles. Chainlink was released in June of 2017, and thus we don’t have a full cycle year to use as reference. Price history only goes back to mid September of that year. as such, we don’t have the data from a previous cycle to use as a basis for making a prediction for this cycle.

Instead, we are going to look at our projected multipliers for Bitcoin, Ethereum, and Stellar Lumens, and reason that the multiplier for LINK will probably be similar.

What Multiple For LINK?

We are predicting bitcoin to go up in price by a factor of 15.4 times to reach its high at the end of this year.

We are predicting Stellar Lumens to go up in price by a factor of 20 to 74 times to reach its high at the end of this year.

We are predicting Ethereum to go up in price by a factor of 18 to 34 times to reach its high at the end of this year.

LINK started 2021 at a price of $11.87 on January 1.

Chainlink 30x This Year

We believe that LINK’s price performance this year will mirror that of XLM and ETH. As such, we are going to use a multiplier of 30x.

Using this multiplier, we predict a price high for LINK at the end of this year to be $356.10.

Our LINK 2021 Price Prediction: $356.10

That’s our LINK prediction. While it may seem unreasonably high, let us remind you that at that price the total Market Cap of Chainlink would only be about $150 billion. As of press time, Ethereum has a total market cap of $140 billion. We believe it is reasonable to forecast LINK could reach a similar market cap.

What’s Chainlink (LINK)?

Chainlink is actually a blockchain platform developed to protect clients against unauthorized access when exchanging data while working for complicated smart contracts. The Chainlink solution offers advanced data protection both outside and inside of the blockchain.

The Chainlink blockchain consists of special nodes known as oracles. For the network to operate right, the smart contracts have to do the job properly, as well as the data sent to them should be dependable. A decentralized oracle network verifies the input data from different sources and then sends them to an intelligent contract. This achieves greater accuracy of input info, and that is at times difficult to confirm in a centralized fashion. Additionally, that eliminates data manipulation. The Chainlink oracle serves as a dependable bridge between data providers and the customers of theirs.

Chainlink is an answer necessary for blockchain to evolve.

Smart contracts enable you to move cryptocurrency from one address to the next when certain conditions are actually met. Readily available for public viewing in the blockchain, smart contracts are actually invariable, which implies that the parameters of the agreement or maybe contract features cannot be changed once they are deployed.

Smart contracts requiring off chain data need to have a dependable source to properly transfer details to the chain before this information is transferred forth and back to any off chain party. The communication issue had formerly held back the improvement of smart contracts. Nevertheless, with the growth of oracles, that issue is a factor of the past. Smart contracts may today be used for an assortment of scenarios.

Oracles

Oracles are actually used to transfer actual data to the blockchain via smart contracts. Any data could be transferred, weather forecast, the football or price details match score. Decentralized financing (DeFi) is actually probably the most typical use of an oracle because these platforms need probably the most correct and trustworthy sources of information readily available to avoid errors.

An oracle is actually a middleman or maybe middleware that functions like a bridge between a number of parties during the data transfer to and out of a blockchain. Oracle checks and transmits serious data to various blockchain ecosystems in which the information is then utilised. When oracles utilized in conjunction with smart contracts, they confirm that the conditions of the intelligent contract are actually fulfilled and that the data provided is actually dependable.

Chainlink’s Applications

Centralized oracles include a problem: if the system fails, it is able to result in a failure on some other platforms, possibly putting users’ funds at risk. If one single oracle shuts down for a short time, it is able to cause chaos for a lot of people. Which generates significant trust issues for a centralized oracle network.

Chainlink’s network of decentralized node operators is financially urged to attain a consensus on data reliability. Abusers are actually penalized for playing unfairly, and the data of theirs gets rejected without reaching consensus with the majority of the network. That is the decentralization element which makes the Chainlink network very safe.

Just how does Chainlink (LINK) work?

Chainlink (LINK) is actually a decentralized network of oracles whose main objective is actually connecting smart contracts with info coming out of the planet. Since a blockchain doesn’t have access that is totally free entry to info outside of the system of its, the oracle acts as an info channel in an intelligent contract.

The Chainlink network uses as its underlying asset LINK tokens, that are required to extract off network data flows. All tokens are actually created into a readable blockchain and off chain network computing system which offers a reliable, secure workflow.

Chainlink is based on clients and information providers. Clients choose specific desired data, as well as providers share just this data. Being a guarantee, data providers block a particular percent of LINK tokens if they publish an offer for data. These tokens may be confiscated in the event of vendor misconduct. At exactly the same time, Chainlink uses the oracle reputation system to gather and assess the data provided. When everything goes smoothly, suppliers just receive the payment of theirs, and everybody is satisfied.

Bottom line: Chainlink connects data providers with the buyers and has a very bright future.

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Blockchain News Cryptocurrency News

OKEx Releases Two New Decentralized Apps

OKEx, a world-leading cryptocurrency spot and derivatives exchange, is delighted to announce that the team behind the open-source blockchain OKExChain has launched two decentralized applications, OKEx Swap and OKEx Farm, on the protocol. Both these new features, along with the opening of the OKT/USDT Farm Pool commenced today at 10:00 am UTC. 

OKT withdrawals also opened at the same time, giving OKT holders the ability to stake OKT along with USDT in Swap to earn OKT-USDT LP tokens. These can then be used to stake in the OKT-USDT Farm Pool for additional earnings, such as mining new OKT.

The OKEx Swap and Farm initiatives have been enabled by the initial stability testing of the OKExChain mainnet that generated tens of thousands of OKT block rewards (according to OKExChain’s block reward rules). These tokens have not yet been allocated, meaning that OKT holders can unlock significant rewards by mining OKT on-chain.

The size of the reward will be voted on by the OKT/USDT whitelist pool on Jan. 26 at 10:00 am UTC. If the vote is approved, a snapshot will be taken according to the blocks that voted in favor, and the accumulated OKT will be distributed according to the proportion of OKT-USDT LP tokens that they had staked in the OKExChain Farm pool when the proposal was approved.

The amount of OKT that users can mine is equal to the number of tokens staked divided by the total number of tokens in the Farm Pool, multiplied by the cumulative amount of OKT. After the cumulative OKT allocation is complete, users can continue to mine through the OKT-USDT Farm Pool. Staking starts as soon as the Farm function is launched. 

“The phased launch of OKExChain is moving along at a very encouraging pace. Already after completion of the initial stage, we have seen its native token, OKT, commanding an all-time high of $86.54 in its first days of trading on the OKEx platform. We’re thrilled that the team behind OKExChain has been able to provide OKT holders with even more benefits through the Swap and Farm initiatives and to see OKExChain expanding its utility,” commented OKEx CEO Jay Hao.

In addition to staking and mining rewards via OKEx Swap and Farm, OKT provides users with further immediate utility and benefits, including voting rights and transaction-fee payments for decentralized exchanges and other DeFi applications built on the network. OKT is currently available to trade on the OKEx platform with zero fees on all trading pairs for the first 30 days.

For further information on OKEx Swap and OKEx Farm DApps, please visit the OKEx Support Center here.

OKEx is a world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto investors, miners and institutional traders come to manage crypto assets, enhance investment opportunities and hedge risks. OKEx provides spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

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Bitcoin News Blockchain News Cryptocurrency News

Bitcoin Association Offers Free University-Style Bitcoin Courses

Bitcoin Association, the Switzerland-based global industry organization that works to advance business with the Bitcoin SV blockchain, today announces the official launch of Bitcoin SV Academy – a dedicated online education platform for Bitcoin, offering academia-quality, university-style courses and learning materials.

Developed by Bitcoin Association, Bitcoin SV Academy has been created to make learning about Bitcoin – the way creator Satoshi Nakamoto designed it – accessible, accurate and understandable. Courses are available in their entirety online and offered in three distinct streams:

Bitcoin Theory – covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.

­­Bitcoin Development – provides vanguard information for application developers building with Bitcoin, including tools and techniques for leveraging the unique features of the network.

Bitcoin Infrastructure – looks at the underlying architecture of both the Bitcoin network and ledger, including how the network is constructed and scales.

Within each stream, courses are offered at introductory, intermediate and advanced levels, following a progressive structure designed to build on the concepts and knowledge introduced in the preceding course. At the conclusion of each course, participants will undertake an online assessment to test their understanding of the material, with certification available to those who pass.

The first course to launch, the introductory module of the Bitcoin Theory stream, is now available for enrollment at www.bitcoinsv.academy. Introductory level courses will be offered free of charge for the foreseeable future, part of Bitcoin Association’s commitment to making Bitcoin education available to as wide of an audience as possible.

Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, commented:

‘Education is a cornerstone of the work we do at Bitcoin Association, as we help businesses and individuals alike understand the Bitcoin system envisioned by Satoshi Nakamoto, and how Bitcoin SV is the only project implementing that Satoshi Vision. Bitcoin SV Academy will be a key component of that work moving forward, providing a platform to deliver a robust curriculum tailored to all levels of ability and knowledge, as we educate the world about just what’s possible with the power of the original Bitcoin protocol.’

Also commenting, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, said:

“The most important piece of infrastructure that Bitcoin can have is access and availability of education – not only does it broaden the pool of talent available to work and build with Bitcoin, but it also helps to spread awareness of what Bitcoin as an entire technology system can do and is truly capable of. The launch of Bitcoin SV Academy is a huge step forward in making meaningful change in this area – and having taken the first course myself, I can confirm that there really is something for everybody to learn in there.”

About Bitcoin Association

Bitcoin Association is the Switzerland-based global industry organization that works to advance business on the Bitcoin SV blockchain. It brings together essential components of the Bitcoin SV ecosystem – enterprises, start-up ventures, developers, merchants, exchanges, service providers, blockchain transaction processors (miners), and others – working alongside them, as well as in a representative capacity, to drive further use of the Bitcoin SV blockchain and uptake of the BSV digital currency.

The Association works to build a regulation-friendly ecosystem that fosters lawful conduct while facilitating innovation using all aspects of Bitcoin technology. More than a cryptocurrency and blockchain, Bitcoin is also a network protocol; just like Internet protocol, it is the foundational rule set for an entire data network.  The Association supports use of the original Bitcoin protocol to operate the world’s single blockchain on Bitcoin SV.

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Bitcoin News Blockchain News Cryptocurrency News

With $5.3 Billion In Assets, Celsius Grows 10 Times In 2020

Celsius, the industry-leading cryptocurrency rewards-earning platform, announced today that it holds over $5.3 billion worth of cryptocurrency assets. In November 2020, Chainalysis was able to validate over $3.3b in total assets held by Celsius, making it the second-largest digital asset manager in the world.

Celsius continues to be one of the fastest-growing crypto platforms. Since the Chainalysis confirmation this past November, Celsius has gained over 125,000 new users totaling over 340,000 active users worldwide.

As Celsius gears up for another year of growth, other notable milestones for the company at this time include:

  • Over 340,000 active users worldwide
  • Over $200 million in crypto rewards distributed to the Celsius community
  • Over 52% of Celsius members choosing to earn weekly rewards in CEL token
  • Over 55,000 BTC held under management
  • 45 different tokens and coins supported and earning yield

“The crypto industry as a whole grew substantially in 2020. Celsius is proud to contribute to this growth and to provide many people with yield income on 45 assets they can not find anywhere else,” said Alex Mashinsky, CEO of Celsius. “As we see record numbers of institutions and retail users entering the space, they are looking for a store of value and yield to protect their assets from the debasement of the US Dollar. The record number of new dollars being printed by the FED is making the savviest investors in the world allocate assets to Bitcoin. Our results represent the growing need of savers to diversification and the lack of trust and transparency between financial institutions and the community. We have seen time and time again that customers choose Celsius for yield and loans because they trust us, and our goal is to always act in their best interests and consistently deliver industry-leading transparency.”

Through the Celsius platform, customers can earn weekly compounding rewards at rates up to 15% APY and borrow dollars against their digital assets at rates as low as 1% APR. Celsius created the yield-earning use case for crypto, and attributes its exponential growth to its community-driven mission and consistently distributing up to 80% of its revenues back to its community.

About Celsius
Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a high compounding reward income wallet and instant low-cost loans accessible via a web and mobile app. Built on the belief that financial services should only do what is in the best interests of the customers and community, Celsius is a Blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. 

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Blockchain News Cryptocurrency News

WSGF Is Developing A Real Estate Cryptocurrency

World Series of Golf, Inc., a publicly-trade company, (OTC Pink: WSGF) is developing a cryptocurrency strategy in conjunction with the company’s overall fintech short-term rental property acquisition alternative finance business. In conjunction with the company’s cryptocurrency plans, management has launched and encouraged participation in the company’s cryptocurrency survey. Today the company announced plans to publish the results of the survey this Friday, January 22, 2020. Until then, anyone interested can still take the brief survey.

Vaycaychella is subsidiary operation of WSGF acquired last year that now represents the company’s primary business focus.  A corporate name change is underway.

Vaycaychella has built a peer-to-peer (P2P) technology solution designed to connect short-term rental property buyers with alternative investors. The P2P application (app) is part of a fintech ecosystem solution suite for short-term rental property owners that includes a Visa Card solution and plans for a cryptocurrency component.

Over the past three years Vaycaychella has built a portfolio of short-term vacation property investments that would not qualify for conventional mortgages. Now the company is scaling its business model with the introduction of its P2P technology.

The recent Airbnb IPO has brought attention to the burgeoning short-term rental property sector of the overall travel accommodations sector. At the same time, it has highlighted the limited availability of resources available to short-term rental property owners and operators marketing through Airbnb and its peers such as VRBO and Booking.com.

WSGF plans to beta launch its Vaycaychella P2P app to beta users in February 2021 with a production launch anticipated in June. 

Recently, the company announced plans to add a cryptocurrency strategy to its Vaycaychella P2P business model. In conjunction with the development of its cryptocurrency strategy, the company has today launched a cryptocurrency survey as part of an overall effort to gather important information in developing its overall cryptocurrency strategy.

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Bitcoin News Blockchain News Cryptocurrency News Ripple News

Will Tether Quake The Crypto Market This Week?

A Big Nothing Burger Or The Pin That Pops The Bubble?

If the events in the crypto market of December 2020 teach us anything, it’s that the actions of the financial regulators can cause quakes that have a tremendous impact on crypto prices.

Think back to late November and early December. There was an abundance of enthusiasm towards XRP with the (back then) forthcoming airdrop of Spark tokens. In late November, the price of XRP stood at 26 cents.

Airdrop Of Spark Tokens

With the interest in holding XRP tokens so as to benefit from the Spark airdrop, crypto investors were rushing into XRP, and drove its price above 70 cents.

The upward momentum in price was invigorating.

Even after the airdrop, the price of XRP was hovering around 60 cents as late as December 20.

Enter The SEC

Then the news hit.

The SEC had filed a lawsuit against Ripple. The price immediately crashed to 20 cents, wiping out more than 2/3rds of XRP’s value in a matter of days.

The moral of the story: actions taken by financial regulators can have an overwhelming effect on price.

Fast-forward to today. An important deadline has arrived in the case of Attorney General of the State of New York v. iFinex Inc. (the parent company of both Bitfinex and Tether).

Tether vs. New York State

Some history of this case:

Back in April 2019, the New York Attorney General (NYAG) accused stablecoin operator Tether of covering Bifinex’s $850 million losses by sourcing its USDT to cover the shortfall. Nevertheless, Tether replied calling this accusation in “bad faith” and “riddled with false assertions”. Note NYAG has filed charges against iFinex, the parent company of Bitfinex and Tether.

During the preliminary injunction in May 2019, Judge Joel Cohen extended the deadline to ninety more days. By August 2019, NYAG presented another proof and evidence in the case highlighting how Bitfinex and Tether were allegedly involved in covering up the $850 million losses. Later, the NYAG also called out iFinex’s motion “an improper attempt to impede a lawful investigation”.

The case took an interesting turn last year in September 2020 when Judge Cohen ruled that both Tether and Bitfinex should produce documents disclosing their financial relationship. In addition, he also passed an injunction barring Tether to issue loans to Bitfinex by ninety more days.

Deadline Extended

Last month, on December 9th, 2020, Attorney General Letitia James filed a document requesting Judge Cohen to extend the timeline to January 15. The Attorney General said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production might be finalized in the coming weeks.”

Two days ago, Friday, January 15, was the d-day for iFinex to produce necessary info and the documents so that NYAG is able to continue the investigation further. iFinex had to produce documents detailing the issuance and redemptions of Tether’s USDT stablecoins, and also disclose the trading activity on Bitfinex concerning Bitcoin and USDT.

We’re currently at the crossroads of the most crucial cases in the crypto space. Tether’s market cap has grown to $25 billion, and the token currently sits at #3 on coinmarketcap’s list of the largest cryptocurrencies in existence.

Will Tether Drag The Entire Crypto Market Lower?

Some market analysts believe that the issuance of Tether is being used to prop up the price of Bitcoin, and by extension the entire crypto market. Others, such as Ganesh Viswanath-Natraj, Assistant Professor of Finance at Warwick Business School, stated on a recent podcast, “Based on our evidence there, there’s no effect of tether issuance on crypto asset prices.”

While there were no new statements from the NY Supreme Court on deadline day, a statement is likely to be forthcoming this week.

If and when the statement unfolds, the BIG question for the entire crypto market is “Will it be a nothing-burger, or will it be the pin that pops the crypto bubble?”

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Blockchain News Cryptocurrency News

DeFi Crypto Assets Start 2021 By Thundering Higher

Although we’re just beyond 2 weeks in, 2021 has started off with a burst for the cryptocurrency world.

Amid political chaos in the United States, the value of cryptocurrencies have risen significantly and so far this year. Bitcoin started 2021 around $29,000; and in two weeks time is has already soared above $40,000. More than a few analysts are predicting a 6-digit Bitcoin price this year.

Nevertheless, it’s not only about Bitcoin; beyond BTC, there has been an explosion in coin prices across the board, as cryptocurrency funds see record inflows. This is especially true with DeFi coins and tokens. At press time, we took a look at five major DeFi assets listed on coinmarketcap. In no particular order:

  1. Chainlink (LINK) Chainlink started the year around $12 and has gained as much as 83%, reaching a high above $22.00. LINK is a decentralized oracle network which aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as the other co-founder. It held an ICO in September 2017, raising $32 million, with a total supply of 1 billion LINK tokens. LINK, the cryptocurrency native to the Chainlink decentralized oracle network, is used to pay node operators.
  2. Ren (REN) Ren started the year around 34 cents and has gained as much as 85%, reaching a high above 63 cents. Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018. The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes. Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
  3. Sushiswap (SUSHI) Sushiswap started the year around $3 and has gained as much as 153%, reaching a high above $7.60. SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens. SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
  4. Aave (AAVE) Aave started the year around $90 and has gained as much as 114%, reaching a high above $203.00. Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
  5. Uniswap (UNI) Uniswap started the year at just about $5 and has gained as much as 80%, reaching a high of $9.00. Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges. Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.
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Blockchain News Cryptocurrency News

FinCen Extends Comment Period For Proposed New Crypto Wallet Rules

The Financial Crimes Enforcement Network (FinCEN) said Thursday it will reopen its proposed rulemaking period for an extra fifteen days for its crypto wallet reporting requirements, and another forty five days for a necessity on recordkeeping and counterparty reporting requirements.

First submitted Dec. 18, 2020, the proposals will require crypto exchanges to store name and address info for customers transferring more than $3,000 in cryptocurrency each day to private crypto wallets, and file currency transaction reports (CTRs) for customers transacting in more than $10,000 each day.

Critics of the rule said it will be technically out of the question for a few projects to comply because smart contracts and author decentralized tools don’t have name or perhaps address info to provide.

Maybe most important, the extension means Treasury Secretary Steven Mnuchin, who’s believed to be spearheading this effort, is going to be out of office by the time the comments period closes, perhaps allowing for FinCEN to better incorporate crypto industry feedback.

In the public notice, FinCEN wrote that the proposed CTR requirements “are essentially equivalent to the existing CTR reporting requirements that apply to transactions in currency,” and called the proposal “vital” to closing loopholes that terrorists or perhaps other malicious actors might use. This’s the part which is going to see a 15 day extension for comments.

FinCEN was less effusive about the recordkeeping and counterparty details, only writing, “FinCEN is actually providing a longer period in light of the relatively greater complexity of those elements of the proposed different issues and rule identified in comments received during the first comment period.”

This was the part that raised the most controversy from the blockchain industry , receiving more than 7,000 comments, with the vast majority of responders criticizing the pace or the rule by which it was being pushed through.

In a statement, the Chamber of Digital Commerce said if the proposed rule was implemented as is, “a series of unintended consequences that raise serious privacy concerns will have resulted from this rushed rulemaking process.”

The extension does not mean the rule won’t be implemented; it is still entirely possible that FinCEN is going to choose to run with the rule after the last version is actually published.

The clock for the comment period restarted when the document was posted in the Federal Register, the nation’s logbook, which was done yesterday, Friday, January 15.

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Blockchain News Cryptocurrency News Ethereum News

Creator Of First ICO Developing Blockchain DeFi Platform For UBI

Universal Basic Income (UBI) Planned In 30 U.S. Cities

UBI is increasingly being recommended as a possible strategy to help mitigate the economic consequences of an extended coronavirus pandemic.

Almost all the UBI programs currently being piloted propose direct, unconditional cash payments to citizens, a lot like how many welfare payments are actually distributed today.

Based on data from Welfare and Health Studies at the Cato Institute only 30% of funds allocated to government welfare programs end up in the hands of the people who benefit from it. For private charities, an average of 82% of funds reach those that want it, while fund-raising and administrative expenses account for the remaining 18%. If numbers that are very much the same are actually assumed for UBI programs, 70% of funds will go towards a UBI program’s administrative expenses rather compared to its intended recipients.

The use of cryptocurrency and blockchain technology is able to transform how UBI is actually implemented, making it cost effective, most importantly, and, secure, transparent. The primary benefit to using blockchain technology will be the elimination of bureaucracy, resulting in 100% of funds reaching UBI recipients.

Karma Finance, founded by Antoine Sorel Neron, the designer of the first Initial Coin Offering (ICO) in cryptocurrency, is actually developing a new Decentralized Finance (DeFi) platform that is going to allow users to choose either to get a weekly UBI payment or perhaps to participate in the community reward pool. Owners participating in the reward pool is going to be strongly incentivized to provide the funding required for the UBI program itself.

Decentralized finance and UBI are actually a natural fit, particularly as we are working to build economic resilience in cities across the country,” said Neron, who grew up on Chicago’s South Side. “Decentralized finance is actually meant to produce a far more inclusive and open financial system for everyone. We might not have the ability to make it happen for the world’s billion plus poor just yet, but at least we are able to build a practical solution to help regular folks who’ve been affected by COVID, even as government budgets start to be more strained. This’s exactly where the public is able to step in to help.”

Karma Finance is going to be the first DeFi application built for UBI.

About Karma Finance

Karma Finance launched on August thirty one, 2020, with the goal of providing a privately funded Universal Basic Income solution via blockchain and smart contracts. A community based project aimed at empowering users impacted by COVID and other economically devastating events, it uses a unique decentralized finance (DeFi) protocol which allows Karma’ angels’ to stake Ethereum cryptocurrency for the benefit of other users that receive direct UBI payments from the product.

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Blockchain News Cryptocurrency News

Pando Coin Launched On Bittrex

Pando Software Inc., whose Pando Browser ad blocking app has recorded more than 100,000 cumulative downloads on the Google Play Store within 3 weeks, has effectively launched their Pando Coin (PANDO) on the U.S. based exchange Bittrex and is currently available for purchase.

Pando Browser is actually a Web 3.0 browser which sports a large list of benefits when in contrast with existing browsers. Owners can simply make a decision to display or even block advertisements based on the preferences of theirs, all the while dealing with the information of theirs in a safer browsing environment. Sending and paying cash through the internet browser is made simple with the integrated Pando Browser wallet. Expansion into messengers and web browsers makes perfect sense strategically for the business to further recognize the perception of a “Transparent Internet.” The Pando Browser is strongly linked with a variety of business models and also has developed strong synergies in the area.

Pando Coin (PANDO) has also announced plans to grow the Pando ecosystem through advertising and technology growth cooperation based on numerous partnerships in Korea and abroad. Entering the U.S. industry through listing on the Bittrex global exchange was a big stepping stone to more development.

About Pando

The Pando Coin was engineered to make a groundbreaking new means of Rewards culture to the browsing environment. The world as we realize it’s always changing. Based on the present changes taking place in the fast shifting worldwide consumer and business engineering, we are aware that web culture is also changing. Blockchain technology is impacting the manner in which we have the web. PANDO coin is actually engineered to enable the subscribers of its to feel maximum financial benefits with transparency and the privacy protection level they deserve. Pando intends that the products of theirs like the internet browser and messenger will help support great change in the crypto community.

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Voyager Digital Lists Elrond Gold Token

Voyager Digital  Ltd. (OTCQB: VYGVF), a publicly-traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced the listing of the Elrond Gold Token (EGLD) on the Voyager platform, expanding Voyager’s industry-leading offering of 55+ cryptocurrencies.

“The listing of our 56th token now offers U.S. customers an easy way to invest in the Elrond Network. Investors will now have the ability to download the Voyager App, fund their account, and begin trading eGold within minutes,” said Steve Ehrlich, Co-founder and CEO of Voyager. “As Voyager’s growth accelerates, we will continue to expand our platform of the most exciting digital assets to invest in, with over 20 interest-bearing assets on the Voyager platform.”

Elrond is a highly-scalable, fast, and secure blockchain platform for distributed apps, enterprise-use cases, and the new internet economy. Elrond’s native token, eGold, also known as EGLD, is used for paying network fees, staking and rewarding validators. Use cases include fintech, DeFi, and the Internet of Things

“The successful transition from traditional to decentralized finance will help our regulatory framework evolve in many positive ways. A publicly-traded company like Voyager, built to simplify onboarding to the crypto space, is a powerful catalyst toward unlocking blockchain’s multi-trillion-dollar potential,” added Elrond CEO and Co-founder Beniamin Mincu. “We look forward to working with the Voyager team towards compliant adoption at an internet-scale.”

For more information on Voyager Digital, please visit https://www.investvoyager.com. The Voyager app is available for Android and iPhone.

About Voyager Digital Ltd.
Voyager Digital Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent, and cost-efficient alternative for trading crypto-assets to the marketplace.

About Elrond
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

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Fireblocks Adds New Staking Service For DOT, XTZ and ETH 2.0

Fireblocks announced today it has integrated with Blockdaemon and Staked to add new staking services for over 165 enterprise and institutional customers. The new Fireblocks PoS capabilities will debut with initial support for Polkadot (DOT), Tezos (XTZ) and Eth 2.0.

“Fireblocks already simplifies securing and trading cryptocurrencies, like Bitcoin and Polkadot. With the roll-out of DOT staking, Fireblocks is quickly becoming an all-in-one solution for crypto power users,” said Jack Platts, Co-Founder of Hypersphere Ventures.

Traditionally, setting up staking was complicated and required 2-3 full time employees to integrate and manage nodes, or turning to a cold storage custodian, which fragments infrastructure, distributes assets across different providers, and limits operational flexibility.

Now, in addition to leveraging Fireblocks’ secure MPC-based wallet technology and Network for crypto custody, settlement, and DeFi, the world’s largest institutional digital asset investors and managers can add staking to earn more revenue from DOT, Tezos or Ethereum 2.0 assets.

“To set up staking, you need the highest degree of security in storing the asset and delegating it to the staking nodes,” said Michael Shaulov, CEO of Fireblocks. “There has been an increase in demand from our customers requesting simple and secure access to these strategies by utilizing their Fireblocks MPC wallet. We are extremely excited to roll out these new staking services on the largest PoS networks, giving our customers an opportunity to enhance their yield by 5% to 15%.”

Starting today, Fireblocks’ customers will be able to stake DOT, XTZ and ETH 2.0 tokens all from the Fireblocks platform. The assets will be protected from cyber attacks, internal collusion and human error while accruing rewards. Users will maintain custody of the funds in their Fireblocks MPC-based wallets with an interface to monitor staking performance on Staked and Blockdaemon.

“Fireblocks is a leading pioneer in providing secure digital infrastructure for institutional trading, lending, and borrowing and we are thrilled to partner with them by supporting customers with our validator staking and node management,” says Konstantin Richter, CEO and Founder of Blockdaemon. “Having close collaboration with a leader in the space is essential in driving earning potential forward at an accelerated rate.”

With significant demand from Fireblocks’ customer base, the company will continue to prioritize supporting additional staking protocols in 2021.

“We are thrilled to extend our staking services to a growing number of institutional customers through our partnership with Fireblocks,” said Tim Ogilvie, CEO of Staked, which provides non-custodial infrastructure services for the major PoS blockchains and is the leading independent validator for Ethereum 2.0. “Fireblocks has a well-established reputation for delivering infrastructure and we are delighted to support this new offering for its many enterprise and institutional customers.”

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks has secured the transfer of over $200 billion in digital assets and has a unique insurance policy that covers assets in storage & transit.

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Blockchain News Cryptocurrency News

Victoria VR Initial Exchange Offering Of Its ERC-20 Cryptocurrency Token Now Available

VICTORIA VR Virtual reality is a completely unique platform, designed to connect all virtual reality platforms. VICTORIA VR brings forth a true virtual revolution with its photo-realistic graphics and innovative approaches. It provides users with a decentralized photo-realistic virtual world that takes full advantage of the amazing blockchain capabilities, with all the benefits that flow from it.

The VICTORIA VR (VR) token is currently available at pre-sale as an IEO on the DEXFIN Exchange. Full details can be found on the VICTORIA VR website, where you can also download the VICTORIA VR White Paper.

Besides stunning virtual graphics, decentralization and blockchain, VICTORIA VR also offers a passive income of 20% per year from staking. Other benefits are listed in the overview below.

The Virtual Reality of VICTORIA VR Gives You the First Photo-realistic World Without Limits

The virtual reality market is flourishing and could exceed $70B by 2024. Virtual reality creates completely new possibilities for its users. We live in an amazing world that is constantly progressing and becoming faster every day thanks to newer and more innovative technologies. However, we are limited. We are limited by the laws of physics, our human body, and time. Virtual reality offers you a world where there are no such limitations. Imagine a world where:

  • You don’t have to travel for an hour every day to get to school or work.
  • You don’t have to fly across the continent for a personal or business meeting.
  • You can enjoy the concert, theatre performance or an exhibition together with millions of other people from all corners of the world.
  • You can easily visit any place and be anything.
  • No one can dictate the opening hours of your business, where no one can close your business, where no one can take anything from you, and where there is no lockdown.
  • Where you can’t get infected by disease, where you can’t get hurt and where you can’t die.

VICTORIA VR: A Decentralized World Using the Blockchain

VICTORIA VR is a Massive Multiplayer Online (MMO) virtual world with photo-realistic graphics built on the blockchain. Users mine the VR cryptocurrency by their activity in the virtual reality of VICTORIA VR. They can trade lands and build their Internet-connected projects and applications, acquire and create unique assets, explore a world full of user created content, complete challenging tasks and play games.

All assets are registered here on the public blockchain. The VR world is fully owned by the users and the community, which also creates rules for the entire community, because the world of VICTORIA VR is a DAO (Decentralized Autonomous Organization).

Thanks to VICTORIA VR, you can materialize your most secret wishes and experience your life’s greatest desires. You can share everything with everyone here. And you always have unlimited possibilities – when working, creating, discovering, trading, and playing.

VICTORIA VR uses the proven Unreal Engine for development. In the current extreme world situation (lockdown, economic crisis 2020, covid-19), photo-realistic virtual reality is becoming a sought-after solution by companies, players and ordinary users alike.

VICTORIA VR Cryptocurrency – The Driver of the Virtual World

VICTORIA VR (VR) is an ERC-20 token and is the principal currency of VICTORIA VR. The token also serves as a reward for active users and for those who use staking. The total supply of the VR is set at 168 billion. At this time, 78B VR is available for pre-sale as IEO (Initial Exchange Offering). Unsold tokens serve as a reward for the future users.

  • Pre-sale for 0.00000006 BTC (15/12/2020 – 31/01/2021).
  • Pre-sale for 0.00000009 BTC (01/02/2021 – 28/02/2021).
  • Pre-sale for 0.00000012 BTC (29/02/2021 – 16/03/2021).
  • Listing on the DEXFIN Exchange and other exchanges (18/03/2021).

Staking With 20% APY and Trading in Virtual Reality

Staking is similar to keeping money on your term deposit, but with a much higher appreciation. You just hold your crypto assets at the DEXFIN Exchange, creating an interesting source of passive income. With the VR token, you get 20% per year from staking.

Thanks to VICTORIA VR, you can also discover novel ways of trading in the virtual world and new business opportunities. When trading in virtual reality, users can see and monitor all the necessary information at once – social networks, prices of popular cryptocurrencies, graphs, indicators, and more.

VICTORIA VR: Based in the Crypto Hub of Europe

VICTORIA VR is based in Prague, Czech Republic, where quite a few successful games were created, and which is the home of several notable inventions in the field of crypto. Some examples include the first mining pool (SlushPool) which started in the Czech Republic back in 2010 and the world-famous Trezor hardware wallet. The Czech Republic ranks among one of the most crypto-friendly countries in Europe.

With its photo-realistic graphics and innovative approaches, VICTORIA VR brings in a real virtual revolution! VICTORIA VR world is created and owned by its users and is designed to constantly motivate the users to activity and to algorithmically create quests, and thus, to live without its creators. You can acquire and create unique assets here, which will be, because of their usefulness, sought after by companies, enterprises, and individual users alike.

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Blockchain News Cryptocurrency News

South Korean Dvision Network Integrates With Chainlink

South Korean-based VR Content Ecosystem Dvision Network has announced an integration of its technology with market-leading blockchain oracle solution Chainlink. Chainlink’s Decentralized Price Feeds, will enable Dvision Network users to accurately estimate the cost of NFT item creation in its VR marketplace. Additionally, Chainlink’s Verifiable Random Function (VRF) will enable the secure, provably-fair random generation and distribution of on-chain rewards to its users.

What is Dvision Network?

Dvision Network is a pioneering new VR metaverse on the blockchain, which aspires to set the new standard of what is possible for the VR user experience. By utilizing the exponential potential of Blockchain and VR technologies, Dvision network will create an unprecedented and inclusive virtual ecosystem for businesses, designers, and regular users.

The South-Korean powerhouse aims to establish an efficient VR ecosystem with a new concept, addressing the arising issues in the VR industry. Dvision offers high-quality pieces of content in the VR-City, and a customization of the virtual space in the VR-Space and essentially expands the VR ecosystem via its VR-Market, introducing its unprecedented NFT ecosystem.

Blockchain Oracles and Smart Contracts: A Perfect Match?

Blockchain oracles are devices or programs that enable (on-chain) smart contacts to interact with off-chain data and systems outside their native blockchain. This relationship allows the smart contracts to execute on-chain functions based on real-world data and events such as web APIs, IoT networks, and blockchain data-centric networks.

This new ability to use external data in smart contract applications has been a massive breakthrough, greatly expanding the amount of use cases possible on blockchains. The only caveat with this optimal relationship is that the oracle is responsible for executing the smart contract and must have a level of security and reliability equal to the underlying blockchain.

Chainlink Decentralized Oracle

Chainlink’s decentralized blockchain oracle uses a unique flexible framework preventing any one point of failure whilst allowing users to receive data from external sources. The initial intergration with Division Network will leverage Chainlink’s hugely successful decentralized price feeds as the primary oracle solution in the NFT marketplace.

Chainlink Price Feeds will be used to calculate the exact gas fees incurred when creating NFTs, ensuring users have access to accurate, up-to-date data on the true costs of using the network. Chainlinks Price Feeds were selected exclusively for their best-in-class features, including:

  • High-Quality Data: Price data is sourced from premium off-chain data aggregators, leading to a volume-adjusted market-wide price aggregated from hundreds of exchanges as opposed to any one exchange.
  • Decentralized: Price Feeds are decentralized at both the data source and oracle level, providing highly available and manipulation resistant oracle services.
  • Secure Nodes: All oracle nodes are run by known and experienced blockchain DevOps, bringing users reliable services to users.

Dvision Networks Provably Fair Random Gaming Rewards

Dvision Network will integrate Chainlink VRF to power the distribution of chance-based rewards to users who accomplish certain tasks. Chainlink VRF is an on-chain random number generation (RNG) solution that the oracle nodes, external entities, or even Dvision developers can tamper with.

This shift represents a huge advancement in the space, enabling a provably fair and on-chain verifiable source of secure randomness that any user can independently audit. In-game items or NFT attributes can now be proven as both randomly determined and distributed, ensuring each user has a fair chance of receiving cryptocurrency rewards.

Dvision Network CEO Jung Hyun Eom stated:

“By using Chainlink to access reliable price feeds and determine the distribution of random NFT rewards, Dvision users have assurances that the digital goods created by their gameplay will be based on provably fair systems, as well as be exchangeable on the open market for fair-market values and governed by economic models that are permanent and stable.”

Dvision and Chainlink: A Decentralized Vision

The core values supporting the Chainlink blockchain oracle perfectly align with the vision of Dvision Network, which aims to build a truly decentralized blockchain platform. Dvisions new integration with Chainlinks Verifiable Random Function and Decentralized Price Feeds are a game-changer for the VR industry, with a new found level of trust and security for not only the ecosystem, but the entire VR industry

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Bitcoin News Blockchain News Cryptocurrency News

One Of The Nations Largest Independent PR Firms Creates Specialty Branch For Cryptocurrency PR

5W Public Relations, one of the largest independently-owned PR firms in the U.S., announces today the creation of a specialty division focused on PR for the crypto industry. The new specialty focus is a formalization of the agency’s experience representing dozens of global leaders in the cryptocurrency and blockchain sectors.

The agency has a history of working with established and emerging cryptocurrency platforms including blockchain and cryptocurrency driven marketplaces, trading platforms, crypto real estate companies, and more. Last year 5W guided Nasdaq-listed business intelligence firm, MicroStrategy, through the announcement of its hugely consequential purchase of $250M in Bitcoin.

“5WPR has traditionally been an early adapter of emerging industries, and as an agency has been working with cryptocurrency clients for over five years. In this time we’ve come to understand the nuances of the cryptocurrency community and have developed tried and true strategies to build up successful campaigns and brands,” said Ronn Torossian, Founder and CEO of 5WPR. “With the continued success of cryptocurrency platforms and Bitcoin’s recent rise to an all-time high, we’re thrilled to launch our dedicated crypto pr division.”

Services offered to cryptocurrency public relations clients include media relations, targeted outreach to crypto industry publications, content creation, digital media campaigns, speaking opportunities and celebrity relations.

About 5W Public Relations

5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 175 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and digital strategy. 5W brings leading businesses a resourceful, bold and results-driven approach to communication. 5W was awarded 2020 PR Agency of The Year and CEO Ronn Torossian, was named 2020 Entrepreneur of the Year by the American Business Awards.

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Coinshares See Record Trading Volume At The Start of 2021

Europe’s Largest Digital Asset Manager Crosses $2.9B in AUM as Investors Rush Into Bitcoin Amidst Rally

CoinShares, Europe’s leading digital asset investment firm, is proud to announce that the Company’s XBT Provider line of exchange traded products reached record trading volumes on Monday, January 4, 2021.

With more than $202M in XBT certificates changing hands on the market’s first day of trading in 2021, CoinShares had the highest volume traded in any European listed crypto ETP. XBT Provider is a Swedish-based issuer of exchange traded products listed on Nasdaq Stockholm AB – part of Nasdaq Inc – and is wholly owned by the CoinShares Group.

Bitcoin markets have seen a surge in activity demonstrated by Bitcoin crossing $30,000 on January 2, 2021 and its continued rally, hitting highs of $34,500. Over the past seven years CoinShares has set the standard for trust and transparency provided to investors, putting the Company in a unique position to bridge the gap between institutional investors and digital assets.

“We are seeing an unprecedented volume of interest in Bitcoin from institutional investors,” said Frank Spiteri, CoinShares’ Chief Revenue Officer. “As wealth managers, private banks and European institutions look to add Bitcoin to their portfolios, our ETPs are the logical choice. With over seven years of experience in the marketplace, CoinShares is one of the world’s leading digital asset firms with unparalleled experience and expertise.”

Since listing in 2015, XBT Provider has achieved a number of milestones:

  • December 2017: XBT Provider crossed $1B in AUM for the first time.
  • January 2018: XBT Provider reached $182M in daily turnover, with average daily volume of $85.5M.
  • March 2019: CoinShares’ XBT Provider was named Europe’s most Innovative ETP Provider.
  • November 2020: XBT Provider surpassed $2B in AUM.
  • January 4, 2021: XBT Provider reached $202M in daily turnover and $2.9B in AUM.

Chief Executive Officer at CoinShares, Jean-Marie Mognetti, added, “The narrative shift around Bitcoin over the last six months has been profound. Investors used to consider it a risk to allocate to bitcoin. Now it’s a risk not to allocate to Bitcoin. As more investors look to Bitcoin as a viable investment option, our XBT Provider products continue to offer exposure to Bitcoin via traditional brokerage accounts across Europe, making it easy for investors of all types to gain exposure to Bitcoin without the premium associated with other products in the market or the risk of trading and securing your own assets.”

About XBT Provider

XBT Provider AB, a CoinShares company, is the Swedish-domiciled issuer of the Bitcoin Tracker One (COINXBT:SS), Bitcoin Tracker Euro (COINXBE:SS), Ether Tracker One (COINETH:SS) and Ether Tracker Euro (COINETHE:SS) series of certificates and others which are designed to synthetically track the performance of the price of the relevant underlying crypto-asset, bitcoin or ethereum (in Swedish Kronor or Euro, respectively), less a fee component.

In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. The Certificates are available and traded in the same manner as any other share or instrument listed on the Nasdaq Stockholm.

XBT Provider’s Prospectus is approved by the Swedish Financial Supervisory Authority and the Certificates are governed by Swedish law. XBT Provider is not a licensed financial advisor.

About CoinShares

CoinShares is Europe’s largest digital asset investment firm, managing $2.9 billion of assets on behalf of a global client base. Their mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class.


Categories
Blockchain News Cryptocurrency News

Steve Ehrlich, CEO of Voyager Digital Ltd. Announces Assets Under Management (AUM) Climbs To $200 Million

Voyager Digital Ltd. (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced that assets under management have surpassed $200 million, up from $5 million just one year ago.

Money – both institutional and individual – continues pouring into cryptocurrencies.

The company also announced that its CEO and Co-founder, Steve Ehrlich, will present and be available to meet with investors at three upcoming investor conferences: the SNN Network Canada Virtual Conference on January 7, 2021, the Noble Capital Markets Seventeenth Annual Small & Microcap Investor Conference to be held on January 19-20, 2021, and the A.G.P. Virtual Emerging Growth Technology Conference to be held on February 4, 2021.

Information

Management will provide an overview of the Company’s business during each presentation as well as progress updates. The Company will also be available for one-on-one meetings with investors who are registered to attend the conferences.

“Voyager is excited to update investors with our recent progress,” said Steve Ehrlich, Co-founder and CEO of Voyager. “Our platform is seeing unprecedented growth as digital assets are increasingly utilized by the mainstream for investment and payment processing. We recently announced our assets under management have surpassed $200 million, up from $5 million just a year ago. This speaks to the strength of Voyager’s easy-to-use trading platform, which enables investors to trade commission-free on 55 digital assets.”

For more information on Voyager Digital, please visit the company’s website. The Voyager app is available for Android and iPhone.

About Voyager Digital Ltd.

Voyager Digital Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade cryptocurrency assets. Voyager offers customers best execution and safe custody on a wide choice of popular cryptocurrencies. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace.