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Bityard Launched ‘Grayscale Zone’ to Let Users Trade Coins Related to Grayscale Investment Trusts

PRESS RELEASE. As an exchange that offers professional crypto trading services, Bityard has been focusing on the fast-changing market as well as the increasing needs of global investors. In 2020, Bityard, with Binance as the liquidity supplier, started offering crypto spot trading services with more than 30 types of trading pairs. Moreover, Bityard also launched “Grayscale Zone” recently to let its users to trade coins related to Grayscale investment trusts, which is a friendly design for both experienced investors and crypto beginners. Compared to some risky altcoins, the assets in the “Grayscale Zone” would be better options for crypto beginners since Grayscale has created investment trusts for those assets. In addition, on Bityard, the fee of spot trading is only 10%, which is much lower than most crypto exchanges in the market. Bityard is committed to bringing a reliable and easy-to-understand trading platform to crypto beginners around the world, and plans to offer more advanc

.NFT Web Domain Extension Scooped Up for Record $84K by Kenetic’s Jehan Chu

Jehan Chu, who owns 1,300 Handshake domains, will be able to issue an unlimited number of subdomains under the .NFT extension. The Previous Owner Bought Extension for Less Than $600 Amid the rally in major cryptocurrencies like Bitcoin and Ethereum, non-fungible tokens (NFT) have experienced an explosion in interest, echoed by Hashmasks ’ recent funding campaign, which raised 7,600 ETH in exchange for over 15,300 digital collectible cards. Non-fungible tokens, which are effectively unique tokens designed to represent a single asset, whether digital or physical, have become the gold standard for attributing blockchain ownership to digital art and other collectibles. To harness the growing interest in these tokens and the ongoing exploration of their capabilities in other areas like finance and culture, Kenetic Founder and Managing Partner Jehan Chu spent a record $84,000 , amounting to approximately 680,000 Handshake (HNS) tokens, to purchase the .NFT web domain extension. The

Visa Pilots System to Help Banks Provide Crypto Services Including Buying, Trading, Custody of Bitcoin

Visa is piloting a new system to enable banks to seamlessly integrate crypto features. Using Visa’s crypto APIs, banks can offer a number of cryptocurrency services to their customers, including the buying, trading, and custody of bitcoin. Visa announced Wednesday a partnership with First Boulevard, a digitally native neobank focused on serving the Black community. The bank will be the first to pilot Visa’s new suite of crypto APIs. “As part of the initial pilot program, Visa plans to enable First Boulevard to connect to infrastructure provided by Visa’s partner, Anchorage, a federally chartered digital asset bank, to allow their customers to buy and sell bitcoin,” the payments giant explained. Customers of the bank will be able to “purchase, custody and trade digital assets” held by Anchorage. First Boulevard will also launch a Visa debit card. The crypto API development marks the next phase of Visa’s digital currency strategy. The global payments giant explained that the pro

Crypto Markets Surge, ETH Price Rallies, Bitcoin’s Tight Range Indicates Big Move Ahead

Digital currency markets have been on the move northbound on Wednesday as bitcoin and numerous crypto assets have seen decent gains. The entire crypto-economy has once again crossed the $1 trillion mark as a myriad of digital currencies jumped anywhere between 5-20% in value during the last 24 hours. Crypto Assets See Some Upside Price Action Crypto supporters are pleased on Wednesday as digital currency markets are climbing again and a great number of assets have seen significant gains. The leading cryptocurrency, in terms of market valuation, bitcoin (BTC) is up 5.5% today and is currently trading just below $37k per unit. On Wednesday morning’s trading sessions, BTC jumped to $37,161 across a number of global exchanges but slid a hair since then. With the entire crypto-economy valued at $1.07 trillion, BTC captures $682 billion (62%) of that aggregate total. Overall, BTC is up 20% for the week, 14% during the last 30 days, 134% for the 90-day span, and 297% for the year.

Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US

Three people have been charged in the U.S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges. Seagal previously settled the charges against him relating to the scheme. The U.S. Securities and Exchange Commission (SEC) charged three people on Monday with defrauding retail investors “through two fraudulent and unregistered digital asset securities offerings” that occurred between approximately December 2017 and May 2018. The three are Kristijan Krstic, John DeMarr, and Robin Enos. DeMarr has been arrested and is facing criminal charges by the U.S. Department of Justice (DOJ). Krstic (also known as Felix Logan), a Serbian-Australian national who was domiciled in the Philippines during the relevant period, is the founder of the two schemes, the SEC detailed. DeMarr of Santa Ana, California, was the schemes’ primary U.S.-based promoter. Robin Enos,

Pulse DeFi LTD Provides a Full Range of Financial Services, With Decentralization at the Forefront

Pulse DeFi LTD Is a new London-based platform for digital token farming, staking, lending and borrowing. It provides a full range of services that can replace the old established financial system, but with decentralization at the forefront. Pulse DeFi LTD Wants You to Be Able to Trust the Economy Again At the top of the homepage of Pulse DeFi LTD stands a single quote, attributed to the inventor of bitcoin, which explains the main drive behind the platform: “The root problem with conventional currency is all trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” – Satoshi Nakamoto The old financial system is plagued with corruption and people can not trust the economy to be fair when they see governments and banks operate with complete disregard for their fortune. Pulse DeFi LTD aims to fix this issue by using the power of blockchain technology and decentralizatio

Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Set a New Record

Darknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year. Hydra Market Is the Major Driver Behind Revenue Figures in 2020 According to the Chainalysis 2021 Crypto Crime Report , darknet markets brought in a total of $1.7 billion worth of cryptocurrencies in 2020. But the report unveiled that Hydra Market, one of the largest illegal marketplaces in the darknet, boosted the total revenue significantly. In fact, Chainalysis details that without Hydra’s figures, darknet market revenue should have stayed “roughly flat” from 2019 to 2020. As a particular fact, Hydra Market is a one-of-its-kind darknet marketplace, as it only serves Russian-speaking countries. The research revealed that Hydra could be considered the largest darknet market globally, accounting for over 75% of the 2020 revenue. According to the ana

Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law. ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement , Swiss digital asset bank Sygnum and Fine Wine Capital AG launched collectible premium wine-backed tokens, becoming the first ones under the new blockchain rules. Assets tokenized through Sygnum’s platform, Desygnate, will be recognized under a new category of ledger-based securities in the law. According to the digital asset bank, the “Fine Wine” token is available in the “Art & Collectibles” category for Sygnum’s clients. The “Swiss Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology” allows companies to develop a framework that links financial and real assets ownership to a DLT-based asset token. Alexandre Challand, Fine Wine C

Report: Declining BTC Stablecoin Supply Ratio Suggests Exchanges Are ‘Highly Liquid & Ready to Buy’ Crypto Assets

According to a report by Glassnode, bitcoin’s declining stablecoin supply ratio (SSR) indicates an increased supply of newly minted coins on exchanges. In turn, this increase in supply means exchanges are currently “highly liquid and ready to buy up assets such as bitcoin.” Stablecoin Supply Growth As explained in the report , the SSR is a ratio of the total value of all bitcoins versus stablecoins. This metric “decreases when (either) the price of BTC is low or when more stablecoins are entering circulation.” However, with BTC prices are already high, this leaves the increased stablecoin supply as the only possible reason behind the low ratio. Already, Messari data shows that the total stablecoin market capitalization currently stands at approximately $39 billion as of February 1. From this total, the USDT stablecoin accounts for $28 billion or approximately 71% share of the market. However, as the Glassnode report notes, it is the USDC stablecoin that is seeing “massive exc

AdGram Helps Brands Leverage Cryptocurrencies in the Advertising Market

PRESS RELEASE. The AdGram service was founded a year ago and is currently the largest advertising exchange in Telegram. AdGram helps brands place large advertising volumes in channels and groups quickly and efficiently. Channels and groups benefit from expansion of their audience, it is easy to find advertisers and increase the earnings from advertising placements via AdGram . Over the last 12 months, the service has gained a huge experience in communications with both advertisers and administrators from different countries, which has highlighted issues with settlements in multiple currencies. After overcoming these obstacles, it was decided that cryptocurrency could be the key to solving this problem. With the termination of the Telegram team’s work on the TON project in May 2020 (the messenger lost one of its monetization methods), Free TON was launched which took over the development and popularization of TON Crystal using the open source code from the original TON. The unique

Crypto Firm to Launch Polkadot ETP on Swiss Exchange SIX

21Shares AG, a Zurich-based investment provider, is launching what is being dubbed as the world’s first Polkadot exchange-traded product, or ETP. The DOT ETP will be listed on the Swiss exchange SIX on Thursday, February 4, said the company in a statement on Tuesday. DOT is the native token of the Polkadot network. DOT has since been added to 21Shares’ Crypto Basket ETP (HODL), which tracks five major assets including bitcoin ( BTC ) and ethereum ( ETH ). Since its addition on Jan. 29, DOT now accounts for 27% of the product behind BTC at 50%. Hany Rashwan, chief executive officer of 21Shares, said the firm has seen “unprecedented demand” from institutional investors wanting exposure to crypto-assets. He stated that demand for its range of crypto ETPs has soared 500% since the third quarter of 2020, but there has been “a recent surge in interest” for DOT. “After investors purchase their first bitcoins through our ETPs, there is a natural transition to invest in other crypto asse

Asset Manager Values Bitcoin at $500K, Expects BTC to Be Worth More Than Gold, Sees Massive Institutional Interest

One River Asset Management’s CEO says his firm now holds bitcoin worth “well over” $1 billion. He revealed that the institutional interest in bitcoin is “astounding,” noting that almost all major institutions in the U.S. are having discussions about the cryptocurrency. He believes that bitcoin will be worth more than gold, placing its value at approximately $500K. One River Asset Management’s CEO Is a Bitcoin Bull The CEO and co-founder of One River Asset Management, Eric Peters, shared his view on bitcoin at length in an interview with Bloomberg last week. Firstly, he revealed that his asset management firm now holds bitcoin “well in excess of a billion dollars at this point.” He then discussed the case for institutional investors to own cryptocurrencies currently. “We are in a unique period right now,” Peters began. It is the period seen many times throughout history where “governments become extremely indebted, monetary policy becomes less effective, and ultimately governments

Crypto Asset Manager Bitwise Files to Publicly Trade Bitcoin Fund

On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets. Bitwise Plans to Compete With Grayscale’s Bitcoin Trust The popular cryptocurrency index fund provider, Bitwise Asset Management , hopes to get regulatory approval from America’s financial regulators in order to publicly list the Bitwise Bitcoin Fund on OTC markets. The Bitwise Bitcoin Fund (BBF) if approved, will follow the public quotation of the firm’s Bitwise 10 Crypto Index Fund that recently obtained regulatory approval. The BBF will trade on OTCQX Best Market and currently Bitwise hasn’t chosen a ticker for the fund yet. Bitwise President Teddy Fusaro explained during the announcement that the fund has been managed since 2018 and the company looks forward to an OTCQX public quotat

Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform

Global music distribution service Ditto has unveiled the latest addition to its service lineup for musicians with a blockchain-based financing platform named Opulous. Opulous Peer-to-Peer Lending Platform Serves as a Loan Pool Designed to Help Artists Ditto continues its efforts to improve the value chain for artists. Unlike other decentralized finance (defi) protocols, Opulous reflects asset-based lending, which bridges the physical and digital worlds. The Opulous’ defi lending mechanism, which is being developed on the Algorand public blockchain , leverages music copyrights’ tangibility through a smart contract setup that automatically handles principal and interest payments along with distributions to investors. For musicians already receiving royalties, this presents a unique opportunity to monetize their assets or contribute to the pool to stake other artists. When seeking capital, artists can access funds by collateralizing loans from Opulous’ Music Copyright Pools with t

pNetwork Launches Wrapped EOS on Ethereum to Connect the Two Biggest DeFi Ecosystems

During the last year, Ethereum’s DeFi ecosystem has grown exponentially to form a multi Billion Dollar market. As Decentralized Finance expands, it becomes more and more relevant to have cross-chain connections that enable crypto assets to flow instantly and seamlessly across blockchain networks. These make it possible for DeFi platforms to be an effective alternative to centralized exchanges. Today, pNetwork launches the first EOS to Ethereum cross-chain connection to enable the EOS crypto asset to be moved into Ethereum’s DeFi ecosystem. EOS on Ethereum EOS , the native token on the EOS blockchain, is a top20 cryptocurrency by market cap and the engine powering one of the most active dApps ecosystems. The asset counts over $ 3.5 Billion in daily trading volumes, figuring as the 9th most traded cryptocurrency. At present, only a fraction of the total is happening in a decentralized fashion. While the DeFi ecosystem on EOS continues to grow, it has not yet reached Ethereum’s s
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