Author: dfmines

It is only natural for multi-asset traders to take an interest in cryptocurrencies. After all, blockchain is on its way to becoming one of the top five emerging technologies. In fact, The World Economic Forum made a prediction that by 2025, blockchain tech will account for 10% of the Gross Domestic Product worldwide. With Forex, spot metals, company shares, indices, exchange-traded funds (ETFs) and spot commodities already at their fingertips, throwing the complexity of managing crypto into the mix isn’t exactly ideal for the multi-asset trader. At least it certainly wasn’t for Jeetu Kataria, Co-Founder and CEO of DIFX – Digital Financial Exchange. Mr. Kataria, as a lifelong multi-asset trader and venture capitalist, first realized the inconvenience of switching between digital and traditional assets back in 2017. A multi-asset trading platform was originally his vision, but after assembling an elite team of bankers, technologists, marketing execs, and fund managers, he came up with the idea of a platform where “cryptocurrencies can be used to trade traditional assets with the cross pairing between all assets.” Imagine being able to buy gold by investing in XAU with BTC, or investing in Google by purchasing GOGGL with ETH. This is just the tip of the iceberg in terms of what DIFX’s unique asset trading pairs can offer in terms of the future of financial product trading. One of DIFX’s goals is to “connect individuals, prime brokers, and corporations while solving real-world payment problems by offering simple, impactful, secure payment and cross-border trading solutions.” DIFX’s set of trading tools has made this possible, in particular the MetaTrader5 platform, which is where all traders in the DIFX ecosystem can trade over 500 assets in cryptocurrencies, commodities, forex, options, and stock CFDs. Some examples of MetaTrader5’s diverse trading pairs include BTC/USDT, ETH/USDT, KOKO/ETH – the list goes on. DIFX’s also recently launched their spot exchange platform. In conjunction with the launch, KokoSwap announced they would be listing their token KOKO, on DIFX as their first centralized exchange. DIFX ecosystem, and MT5 in particular, look thoroughly equipped to smooth out the cracks in multi-asset trading, making the digital future of finance more accessible to those who will set foot onto its otherwise divided terrain. ABOUT DIFX A diversified portfolio and the ability to track investments are becoming increasingly important in today’s fast-paced trading environment. When it comes to all types of investments, DIFX will be a one-stop-shop. When trading on the DIFX exchange, users won’t have to switch between different windows or tabs to trade indices, forex, commodities, stocks, and cryptocurrencies all at once. This streamlined procedure will transform the way trading is currently carried out and give investors a seamless trading experience across crypto and traditional financial markets.  

I would like to build an ecommerce site which sells NFT and subsequently transfers the NFT to the buyer's wallet. I would like to accept ethereum payments through web3 and for this site to be decentralized and hosted on IPFS. What is the best route to go with this. Sorry for the extremely noob question.…
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A crypto investor has filed a class-action lawsuit against Apple Inc. after she downloaded a malicious application from the company’s App Store that led to the theft of her cryptocurrencies. Apple Sued Over Theft of Cryptocurrency Due to Malicious App Hadona Diep, a resident of the U.S. state of Maryland and a full-time cyber-security IT […]

The year has come with a lot of optimistic predictions for the price of the second-largest cryptocurrency by market cap. Its current trends have seen analysts put the digital asset at above $10,000 by the end of the year. And now, another crypto analyst, Lark Davis, has echoed what his counterparts have been saying in regards to the altcoin. Lark believes that Ethereum breaking above $10,000 is inevitable and only a matter of time. Saying that the digital asset is poised to grow 190% would see it break this price point. The crypto analyst lays out his analysis on his YouTube channel, which currently has over 433K subscribers. In the video, Lark says that this price is already “programmed in” and adds that “it’s coming.” Declining Ethereum Exchange Reserves Lark starts out his analysis by pointing to the depleting supply of Ethereum. More specifically, the exchange supply of Ethereum being low such that there isn’t a lot of ETH waiting to be sold as the price goes higher. This is evident in the recent volume of ETH being withdrawn from exchanges. Recently, Ethereum saw record volumes being taken out of exchanges as 1.2 billion worth of ETH had been withdrawn from centralized exchanges last week in the space of 24 hours. Related Reading | Ethereum Sees Record Daily Volume Withdrawn From Centralized Exchanges The analyst points out that the decline in the available supply of Ethereum is leading to a supply-side crisis. Bulls have accumulated some of their biggest bags so far and will most likely not be dumping their bags soon. More often than not, waiting for the price of the asset they invested to 5-10X before they think about dumping their bags. So these long-term holding is creating a supply shock for Ethereum. ETH price struggles with new week opening | Source: ETHUSD on TradingView.com Comparing the supply to last year, Lark notes that the exchange supply continues to drop dramatically, save for a few spikes. While supply outside exchanges grows as people move their coins out of exchanges to use for other activities like staking. Comparing the charts and movement, Lark points out that while the supply drops, the price of Ethereum rose with this decline. This trend is similar to the current trend of Ethereum. Exchange supply has fallen and if history repeats itself, this puts the market close to testing another price discovery for the digital asset. ETH Burn Is Rocket Fuel For Price Crypto analyst Lark Davis brings to the forefront of the ETH burn. With over 300,000 ETH already burned in just six weeks after the upgrade, amounting to over $1.1 billion, Lark sees about 1 million ETH being burned by the end of the year. This is adding to the supply shock currently expected to come. With less ETH coming into circulation, supply is going to dwindle. Related Reading | TA: Ethereum Plunges to $3,150: Can Bulls Save the Day? Lark refers to this rate of burn as “rocket fuel for price appreciation.” This amount of Ethereum being burned gives credence to Lark’s prediction for a 190% increase in the price of ETH, which would lead to the altcoin breaking the $10,000 price point. Finally, Lark points out that the big money is starting to notice Ethereum. An example of this is Cathie Wood revealing her firm, ARK Invest, has gained more confidence in the asset, explaining that they would split their crypto bags into 40% ETH and 60% BTC. This interest from institutional investors will be the driving factor for Ethereum towards $10,000. Featured image from CryptoPotato, chart from TradingView.com

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Rarestone Capital, an active venture capital fund and accelerator, has announced a direct strategic investment in Rainicorn, a multifaceted platform that has established itself as a hub for innovation in the crossover between NFTs and DeFi, with a focus on gamification. The investment, which includes the direct purchase of Rainicorn’s native token (RAINI), is rooted in a common goal to grow and develop Rainicorn’s play-to-earn ecosystem through a community-centric approach. Part of the deal includes hands-on marketing support, including community, socials, and viral marketing under Rarestone Labs, the fund’s incubation arm. The Rainicorn ecosystem, dubbed the Rainiverse, includes the popular play-to-earn trading card game The Lords of Light, which is currently undergoing its first public card pack drop off the back of strong community presales. The competitive trading card game allows players to collect playable NFT cards, which can be used to build decks that will be capable of decimating their opponents in turn-based combat. The game also enables leveling up of cards and includes elements of DeFi, including the ability to stake high-level cards for passive income. These in-game features allow players to earn Photon, the primary game currency, through a variety of strategic and competitive actions, creating earning potential. Rarestone Capital Co-Founder Charles Read explains, “We are extremely excited to form a long-term partnership with Rainicorn. Currently, the top dozen play-to-earn games are processing nearly $1 billion in transactions, despite the market still being in its nascent stages. Given the demand for Raini’s early drops and their team’s vision and execution ability, this partnership is extremely exciting for us.” Rainicorn Co-Founder @Mindspheres says, “We see this partnership with Rarestone Capital as the game-changer that will take Raini to the next level. The level of support and the connections that Rarestone brings to the table is highly complementary to the Raini project, and our vision.” Rainicorn’s ecosystem also includes a cross-chain NFT platform, launchpad, and a marketplace where players can purchase and exchange NFTs. With a team spanning the globe, including Australian co-founders, Raini’s vision is to create a vast and diversified interconnected ecosystem, with an extensive roadmap of innovative features and revolutionary concepts to help drive the space forward.

Solana has been caught in the crossfire as investors woke up to a bloody Monday due to hurdles in the Asian markets. The top cryptocurrencies by market cap are in the red recording moderate to heavy losses in the 24-hour chart. Solana Follows The General Sentiment In The Crypto Market At the time of writing, Solana (SOL) trades at $143,53 with a 10.9% loss in the daily chart. In the weekly chart, the cryptocurrency is amongst the worst performers on the crypto top 10 with a 17.9% loss. After Solana, Polkadot (DOT) is the closest to record similar losses for the weekly chart with 17.6%, followed by Cardano (ADA) with 17.1%, XRP with 16.5%, and Binance Coin (BNB) with an 11% over the same period. Bitcoin and Ethereum outperformed other cryptocurrencies on the weekly chart, with BTC recording only a 4.7% loss. Solana dropped during the weekend following a long period of profits and an-all time high north of the $200 mark. As it has happened in the past, investors seemed to favor BTC and ETH, the largest cryptocurrencies, in expectations of further downside in the macro-economic outlook due to the potential risk of default by Chinese real estate developer titan, Evergrande. Related Reading | Bitcoin Price Sinks 10% As Market Braces For Macro Storm Ahead As seen below, the China 5-year credit default swap has increased, according to data shared by ZeroHedge. This suggests that many investors are betting on the possible failure to honor its financial commitments by the Asian giant. However, Primitive Crypto founder Dovey Wan believes the opposite. Commenting on the Evergrande situation, Wan highlighted that the Chinese market and its companies operate differently than those in the West. Therefore, she expects the situation with the real estate to not escalate to the point of Lehman Brothers, the financial services firm that defaulted in the U.S. during the 2008 economic crisis. Wan said: Evergrande is not a vapor financial co, tho it’s high leveraged real estate developer sill retains good trunk of property/lands+ good cash flow biz like property mgmt co on its book. The situation can trigger macro panic but the substantial threat is far less than Lehman. Bitcoin Holds The Key For Solana In The Short Term? In previous bearish momentum for the crypto market, most of the assets followed Bitcoin. Therefore, BTC’s price could determine what happens to Solana in the near future. BTC stands on critical support in the daily, trading at $43,855, and could find its next support in the high area of $30,000 potentially returning to its previous range. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course However, Solana (SOL) has demonstrated resilience in that scenario, and it could potentially become one of the few cryptocurrencies capable of enduring another major sell-off.

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