Bitcoin News and Finance: What You Need to Know

The year has started with a batch of announcements regarding tokenization in various sectors. On this occasion, a blockchain gaming platform announced its collaboration with Labs Group to issue non-fungible tokens (NFTs) of real estate assets. Global Real Estate Market Is Valued at $228 Trillion According to the announcement , the blockchain real estate company will use the Enjin platform to mint and issue NFTs. People will be able to buy fractionalized real estate assets starting at $100, making the first step into real estate-related investments. As the global real estate market represents the world’s largest asset class, valued at $228 trillion so far, Enjin expects that tokenization of fractional share increases its liquidity. All tokens processed on the Enjin platform will pass through the Ethereum blockchain. Enjin also clarifies that it can avoid settlement periods by channeling such transactions on that network. Maxim Blagov, Enjin’s CEO, commented on the blockchain gamin...

A famous Youtuber and now boxer is making inception into the non-fungible token (NFT) industry to promote his artwork. Logan Paul will gift NFT-based cards as part of an auction of the rare “Pokemon 1st Edition Booster Packs” game collection. NFTs Feature Logan’s Holographic Image With His Boxing Gear According to the announcement , Paul acquired packs of Pokémon cards after spending $2 million on them. The set of cards was released in 1999 by Wizards of the Coast, which contains 102 cards. Paul will be auctioning all 36 packs of the Pokémon game cards from February 4 until February 11. The auction will also take place through the sports collectibles platform, Goldin Auctions. On the other hand, the unboxing is scheduled to take place on February 27. Along with each product auctioned, the Youtuber will give one of the 44 NFTs that feature a “holographic” image of himself with his boxing gear. However, if people are unable to make a bid on the auction, Paul is selling a limited edi...

Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money into blockchain and digital currencies. Schulman explained: We all know the current financial system is antiquated, and we can envision a future where transactions are completed in seconds, not days; a future where transactions should be less expensive to complete; and a future that enables all people to be part of the digital economy, not just the affluent. We are significantly investing in our new crypto, blockchain, and digital currencies business unit in order to help shape this more inclusive future. The new crypto business unit is expected to launch later this quarter. The CEO also revealed that customers will be able to use crypto to pay for goods and services at Paypal’s 29 mil...

During the last decade, cryptocurrency users have leveraged a number of coin market capitalization aggregators, in order to check in on a crypto asset’s price and the project’s overall market valuation. However, there’s also a number of crypto price aggregators that follow a different method of recording market caps, in contrast to multiplying the supply by the price of each unit. The web portal coinfairvalue.com attempts to measure ‘fair values’ by using the current usage of each coin and without any implied speculation. Coinfairvalue.com Is a Lot Different Than Traditional Market-Cap Aggregators Crypto price aggregators measure the spot price of each crypto asset and then multiply that number times the circulating supply of each digital currency. Then an aggregator like our web portal markets.Bitcoin.com , lists each crypto market cap in order from the largest valuation to the least. There are also market cap aggregators that measure cryptocurrencies like bitcoin ( BTC ) and ethe...

In a recent Realvision interview, the developer Gavin Wood explains how Polkadot reimagines the innovation ecosystem from the ground up. Wood also discusses how the Polkadot protocol is both similar but also different than Ethereum, the second-largest crypto asset by market valuation. Polkadot: A Bet Against Maximalism Innovation involves the pioneering and actualization of a creative new way of doing something. For famed blockchain programmer Gavin Wood, Polkadot is the platform that unlocks the potential of swifter blockchain innovation. By building a platform of platforms, or 0-layer technology, Polkadot is attempting to push the boundaries of efficiency with a more flexible and more abstract environment. Here are some highlights from the lengthy interview Wood gave to Sebastian Moonjava of Real Vision (link to the full interview below). For Wood, one of the primary hurdles of the existing framework is the resource-intensive tasks involved with launching a new blockchain. In t...

The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated. Therefore, investors have no recourse against anyone should they get duped. Cryptocurrencies Are High-Risk Assets The FSCA’s warning comes a few weeks after an executive with the regulatory body bemoaned the challenges of regulating cryptocurrencies and how scammers are taking advantage of this. The official singled out the now collapsed Mirror Trading International (MTI) as an example of how scammers now use cryptocurrencies to evade regulation. Meanwhile, in the latest warning , the FSCA reminds South African investors to be on the lookout for crypto companies that “overstate potential pay-outs or understate the risks.” The South African regulator, just like its peers in the U.K. and New Zealand ,...

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Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly sales updates, relevant XRP-related announcements and commentary on previous quarter market developments.  As an XRP holder, Ripple believes proactive communication and transparency are part of being a responsible … Continued The post Q4 2020 XRP Markets Report appeared first on Ripple. http://dlvr.it/Rs5g6Z

Just recently, the crypto asset dogecoin has seen some significant price gains and on Wednesday, Tesla’s founder Elon Musk tweeted about the digital currency incessantly. While people have been discussing the dogecoin pumps and Elon’s suggestive tweets, crypto supporters have been discussing a single dogecoin address that holds 36 billion tokens or more than 27% of the entire supply. Dogecoin and the ‘Thickest Wallet’ Dogecoin (DOGE) , the meme token that came to life on December 6, 2013, has seen its fair share of market action this year. The token is currently trading for $0.0455 per unit and is down over 8% during the last 24 hours. Dogecoin also touched an all-time high (ATH) seven days ago reaching an ATH of around $0.0791 per unit. Since then, DOGE has lost 42.15% in value and has a market valuation of around $5.7 billion today. Just recently, the cryptocurrency community has been discussing Elon Musk’s tweets in regard to the meme token. In the midst of all the discussion, ...

Forty-six Tifon gas stations across Croatia have reportedly started accepting cryptocurrency payments. Using payment processor Paycek, customers can pay with a number of cryptocurrencies, including bitcoin and ether. Tifon gas stations in Croatia started accepting cryptocurrency payments at the beginning of February. There are currently 46 Tifon gas stations in the country. Paycek, a service by Croatian fintech startup Electrocoin, will process crypto payments for Tifon. According to its website, Paycek supports bitcoin ( BTC ), ether ( ETH ), XRP , stellar ( XLM ), and EOS . Cryptocurrency payments are converted into fiat currency at the time of purchase. For example, if a customer buys gas for HRK 400 ($64) and pays with a cryptocurrency, Paycek processes the payment and pays Tifon in the Croatian kuna. Tifon says that at no point is it at risk by accepting crypto payments. Ana Lokas, Tifon’s chief finance officer, commented: “Although payments in cryptocurrencies ...

Popular Nigerian hip hop artist Davido has sparked off a buzz about crypto assets after tweeting about his intention to start a bitcoin trading company. With the short tweet, Davido becomes the latest African celebrity to express interest in starting a crypto business. Senegalese singer Akon is another prominent African personality to embrace crypto assets. Before the tweet, Davido revealed in October 2020 that he had entered into a partnership with Bitsika, a Ghana-based crypto payment firm. As part of the agreement with Bitsika, Davido, who has more than 8 million followers on Twitter and Instagram, would promote the crypto firm’s app. After the start of this arrangement, reports soon emerged that the Nigerian singer’s influence had caused a massive surge of traffic to the Bitsika platform. Similarly, crypto players in Nigeria expect Davido’s tweet to have a similar effect towards that country’s digital asset space. This is a viewpoint that is also shared by Chiagozie Iwu, the ...

Indian crypto exchanges have pooled their resources together and launched a campaign to gain support from as many parliament members as possible about cryptocurrency regulation. The crypto bill is listed to soon be introduced in parliament. It seeks to prohibit cryptocurrencies while creating a framework for the digital rupee to be issued by the Reserve Bank of India (RBI). Indian Crypto Industry’s Campaign to Bring About Positive Crypto Regulation The Indian government plans to introduce the cryptocurrency bill entitled “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021” during the current session of parliament. The bill seeks to create a regulatory framework for the digital rupee to be issued by the central bank while prohibiting “private” cryptocurrencies. Responding to the government’s plan, the Indian crypto industry launched an online campaign Thursday in order to convince as many representatives as possible about the crypto bill. A website has been c...

Crypto-friendly travel website Travala has announced the integration of a brand-new payment application, Binance Pay. With such a move, the travel booking company becomes the first merchant to implement Binance Pay as a payment form after its launch on Feb. 3. Five Cryptos and One Fiat Currency Will Be Offered in the First Stage of Binance Pay Per the announcement , Travala allows its customers to use the new payment application, still in beta mode, to book travel products. They include hotels, homes, flights, among others. With Binance Pay, Travala’s users will have the option to pay straight from their Binance accounts with five cryptos and one fiat currency supported initially: bitcoin ( BTC ), ether ( ETH ), binance coin ( BNB ), binance USD (BUSD), swipe (SXP), and EUR. Changpeng Zhao, founder and CEO of Binance, confirmed via Twitter the integration of the payment application with Travala. The crypto-friendly travel company seeks to expand its portfolio of accepted payment...