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Enterprise Blockchain Concordium Wraps Up $36M Raise Ahead of Mainnet Launch

Concordium, the privacy-centric blockchain for business, has secured further funding as its mainnet approaches. A total of $36 million has been raised to date including a tranche in the company’s fourth and latest private placement round. Concordium has elected to raise funds in stages in line with project milestones being met. With the mainnet launch now less than two months away, the recent raise is expected to be the last. As a result of the new funding round, Concordium will launch with a valuation of $1.45 billion. Interest in the enterprise-friendly chain has been growing steadily, both on account of…

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5 reasons why you should invest in NFTs

NFTs (non-fungible tokens) — or scarce digital content represented as tokens — are driving a new wave of crypto adoption. Thanks to the Ethereum blockchain, artists, game companies, and content creators alike use token standards that attribute provenance to uniquely no fungible assets. NFTs first made headlines in 2017 when Dapper Labs’ game CryptoKitties accounted for 95% of Ethereum network usage at its peak. While someone paying $170,000 for a digital cat seemed like an anomaly, what’s happening today blows that headline out of the water. Platforms like OpenSea, SuperRare, Rarible, and very much anticipated Hoard Marketplace are fast becoming the leading players for…

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PhoenixDAO Launches Blockchain-based Events dApp

According to Allied Market Research, the online ticketing and event management industry was valued at $1,135.4 billion in 2019 and is expected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2028). People all around the world are enjoying being able to book tickets from the comfort of their homes. With the rising demand in the online event booking industry, multiple ticket booking sites have been established to serve this purpose. However, these sites are prone to censorship and also frequently overcharge for tickets based on demand. Enter PhoenixDAO flagship dApp, a blockchain-based decentralized application…

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DEFIT Launches with a Big Hit

DEFIT, the ERC20 token of 360Wellness, a Blockchain-based health and fitness application, was launched last week.  Within just a week of its launch, the 360Wellness community and DEFIT have crossed as many as 20,000 followers on all of the social media platforms showing the massive interest of people in a decentralized fitness solution.  360Wellness synergizes the world of decentralization finance with fitness. DEFIT provides the missing piece of this ecosystem where users can follow a healthy lifestyle and reach their fitness goals without worrying about the security of their data or the integrity of data provided on the platform.  The…

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Here Come NFT + Games! WaykiChain and Chongqing Mebius Join Hands in a Strategic Partnership

Recently, WaykiChain and Chongqing Mengbius Network Technology Co., Ltd. took the game Peerless King as a negotiation opportunity and reached strategic cooperation. WaykiChain has the industry’s top-of-the-range blockchain public-chain technology, while Mebius has rich experience in games in blockchain ecosystems. The partners will harness their respective advantages, learn from each other’s strengths, and jointly advance and develop the NFT + games direction, which is beneficial for mutual promotion. I. Mebius: Games in Blockchain Ecosystems Chongqing Mebius Network Technology Co., Ltd. is an all-in-one network service company that provides website construction, mobile app development, WeChat applet development, and back-end management services.…

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XCUR The New Gateway to Payments

With the ever-expanding innovations in technology, the world is evolving at a rapid pace, from conventional ways of operating to more advanced and sophisticated methods. It is only natural that such advanced technologies are gradually being integrated into the online marketplace industry, considering the prominence of this industry in modern society.  It is evident that businesses must keep up with the current times if they wish to maintain a competitive edge. The unparalleled technological inventions of today are the ones to watch out for — particularly those led by next-generation Internet technologies such as Blockchain. Amidst the trend is Curate,…

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The Future of Crowdfunding

From GoFundMe to IndieGogo and Kickstarter, crowdfunding is no stranger to the world of fundraising. The internet allows people with ideas and expertise to connect to potential investors who have a specialized passion or knowledge about a specific service or product. Much like Blockchain technology itself, the concept of crowdfunding does away with some of the unnecessary middlemen and gatekeepers that can sometimes inhibit the implementation of high-potential ideas. The aforementioned platforms paved the way for decentralized crowdfunding models like ICOs, IEOs, IDOs, and more. Currently, we are witnessing the birth of the Decentralized Finance (DeFi) and the Non-fungible Token…

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Global Entertainment; Tokenized, Distributed and Open

Tokenization is the process of converting rights to an asset into a unique digital representation — a token. This process can be applied to nearly anything: art, real estate, stocks, precious metals, intellectual property, and even sports teams or celebrities. A brief history of tokenization Although the concept of tokenization (a term originally associated with data security) has been around since the 1970s, how it’s commonly used today is a rebranding based on recent events. The new popularity of tokenization is attributable to the 2017 rise of initial coin offerings (ICOs). ICOs allowed entrepreneurs to sell blockchain-based tokens representing physical,…

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LOFT: the new approach to trading

Privacy is not an option, and it shouldn’t be the price we accept for just getting on the Internet. Nowadays we are accustomed to the word globalization and we’re sort of aware it’s happening whether we like it or not. It has become very common to hear of stock market movements happening in some faraway countries, however what it’s not common is having the chance to take advantage of them. Even more common banking services are not really widespread relative to globalization, according to the latest report from the world bank one-third of the world’s adults lack access to a…

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88 years ago Franklin D. Roosevelt banned gold ownership in the US – will a Bitcoin ban follow?

On April 5, 1933, barely four weeks after taking office, US President Franklin D. Roosevelt signed Executive Order 6102, which “forbids the hoarding of gold coins, gold bars and gold certificates within the continental United States.” Could Bitcoin today suffer the same fate as gold did back then? The decree was a reaction in a whole series of measures of his “New Deal” as a result of the Great Depression, which had ultimately led to the escalation of the financial crisis. A resolution of the US Congress followed later in the same year to support the legislation retrospectively; yet it was Roosevelt’s determined…

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Will more companies follow in Tesla’s footsteps and accept Bitcoin as a payment method?

If Bitcoin is to become more widely accepted as a payment method, it needs important companies to begin using it. A big step forward was taken in this respect when Tesla announce that they would be doing just that. Will more companies now make a similar decision? They aren’t the first major company to take this decision. PayPal did the same in October 2020. A growing number of online casinos and igaming companies are also embracing Bitcoin and allowing it to be used as a payment method on their sites. Tesla announced that they had purchased Bitcoin to the value…

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With more options to buy Dogecoin on 1800 ATMs, more US residents will now buy DOGE

There’s some really good news coming from the United States for Dogecoin fans. Users in the US can now purchase the canine-themed cryptocurrency from 1800 ATMs in the country, courtesy of CoinFlip, an ATM provider. As per a tweet by CoinFlip, anyone who wishes to purchase DOGE in cash can visit any of the ATMs in their network. With this decision, CoinFlip will be one of the key beneficiaries of DOGE’s surging popularity.  One of the Most Famous Cryptocurrencies  Launched in 2013, Dogecoin soon became popular among the meme-loving community, thanks to its cute Shibu Inu logo and meme concept.  Recently,…

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Pros and cons of trading bitcoin with leverage

Bitcoin is like an ocean and you are a fish catcher, the larger your net is to capture fish, the more fish you would be able to catch. The same is the case in bitcoin trading, the more you invest more you earn. Unfortunately, not everyone is well off enough to invest a huge amount of money in order to get massive returns.  Bitcoin trading with leverage could help you to earn more in less. This article would help you to understand how bitcoin leverage works and what are the advantages and disadvantages of opting for it. The trend of…

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METACO Adds Institutional Support for AAVE Token to Enable Banking DeFi Access

Lausanne, Switzerland – 18 March, 2021 – METACO, the leading provider of security-critical infrastructure enabling financial institutions to enter the digital asset ecosystem, announced an integration with Aave, a decentralised, open-source, and non-custodial liquidity protocol on Ethereum. Aave’s market size is in excess of $2 billion – a pioneer with record growth for DeFi. With this integration, METACO has brought the AAVE token into METACO’s digital asset orchestration system, enabling banks and institutions to securely integrate, store, and manage cryptocurrencies, tokens, and distributed ledgers.  To meet the rapidly growing institutional demand for digital assets, METACO has also integrated support for…

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Kucoin hacked 150 million euros stolen from hot wallet

Strangers were able to steal from the Kucoin crypto wallet from Singapore and stole digital coins and tokens worth millions. Kucoin noticed unusual transactions from the hot wallet on the evening of last Friday and then shut down the corresponding server and saved any remaining money in the cold wallet. Apparently the attackers had succeeded in gaining access to the private keys of the hot wallet – the exchange operators left open the way in which they were compromised. The cold wallet is not affected, said Kucoin boss Johnny Lyu. The stolen money is therefore only a fraction of the…

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European Union Parliament to Consider Petition to set up Crypto Asset Restitution Fund

The European Union Parliament will consider a petition filed by a  consortium of victims, organizations, and companies seeking the establishment of a  restitution fund for victims of crypto fraud. The victims represented by their lawyer, Dr. Jonathan Levy, have suffered losses exceeding €40 million. The consortium includes: Disabled victims who were repeatedly preyed upon by crypto scammers posing as brokers; An American investor whose crypto wallet was hacked and nearly 1000 Bitcoins sent to a criminal “bitmixing” operation; Several European companies and individuals who were deceived into investing in illusory crypto asset funds, nonexistent crypto mining operations and ICOs (Initial…

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69,370 Bitcoin are freely available if you get the passwort

The seventh largest Bitcoin wallet contains 69,370.22 Bitcoin – whoever opened it would get very rich. Hackers have therefore been trying to open them up for two years. So far they have not been successful in this, but Alon Gal has a new idea: quantum computers. For a good two years now, hackers and other treasure hunters have been trying their luck to hack the wallet with Bitcoin for the equivalent of 762 million US dollars. Obviously, this turns out to be very difficult: The wallet.dat file offered on the Internet, on which the Bitcoin is supposed to be found,…

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Bitcoin news: The top news of the week

EU, Nigeria, USA, Lithuania and Russia: The Bitcoin world is changing everywhere. Welcome to the top news of the week. The most important news about Bitcoin and Co. are compiled here. EU draft crypto regulation: what will change for Bitcoin? The EU Commission published a draft for the uniform regulation of crypto assets such as Bitcoin. Not all asset types (such as security tokens) are taken into account, but the law would be directly applicable by the member states. When that will be, however, is still open: The draft provides for a transition period of 18 months between entry into…

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ECB is serious about the digital euro

The decision has not yet been made, says Christine Lagarde right at the beginning. “But like many central banks around the world, we are also examining the benefits, risks and challenges of taking such a step,” said the President of the European Central Bank (ECB) at the Bundesbank’s autumn conference, which – in keeping with the digitization issue – this year was held online due to the corona. After all, Lagarde announced that in the coming weeks the experts at the central bank, who are working on this topic in a so-called task force, would finally present their results. The…

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eFranc: Is Switzerland abolishing cash in favor of e-currency?

The francs may have had their day – instead, the Swiss National Bank is to issue a digital currency, the eFranc. Hans Gersbach and Roger Wattenhofer, two scientists from the renowned ETH University in Zurich, made a bold demand: The Swiss National Bank should issue its own crypto currency as legal tender, the eFranc. eFranc could be easier and safer Consumers could use it to pay anywhere with their mobile phone – and it would even be much easier: “You no longer have to worry about whether you have enough money with you, and you don’t need to go to…

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