Category: Cryptocurrency News

The world’s flagship Bitcoin spot ETF is back buying Bitcoin after spending four weeks reducing its holdings.

The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that these assets — which ostensibly don’t have any kind of support behind them — […]

This Tweet, 1516129830873583617, from a well-known crypto-figure, zachxbt, reveals a load of "influencers" who are shilling Crypto for money. (Can't post the link!) He revealed a load of YouTubers, Instagramers and TikTokers a few days ago, too. What is really interesting is the prices they charge are on there too! $25000 for one shill tweet…
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Launched in cooperation with ByteTree, the new BOLD ETP by 21Shares comprises 18.5% of BTC and 81.5% of gold at launch.

A strong point of Bitcoin is that there are no admin keys, is this the same with wrapped Bitcoin on ethereum? submitted by /u/scoopdalopp [link] [comments]

The function enables users to speculate on future prices of cryptos and settle their trades using USDC.

Blockchain and crypto are changing major industries around the world. From banking to supply chains, it revolutionizes several aspects across businesses and industries of all sizes. The crypto market which was only worth $1 billion almost a decade ago, has now exploded into a massive $2 trillion industry and what originated with the Bitcoin blockchain, has evolved into a full-fledged crypto ecosystem with over 18000 different projects. Blockchain solutions have emerged to solve real-world problems. And one of the critical issues they are solving is preserving Natural Capital by avoiding gold mining.  Gold mining is known for being among the world’s most harmful industries. It displaces populations, taints drinking water, harms workers, and damages natural habitats. As a whole, gold mining has had such a negative influence that it is now jeopardizing people’s health and ecosystems globally. Gold Mining’s Devastating Environmental Effects Gold has been the most precious component of jewelry and a preferred mode of exchange for centuries. However, mining just one ounce of gold from ore can produce around 20 tons of solid waste. Most gold mining methods involve moving enormous amounts of dirt and rock, which is harmful to the biodiversity in the area. A mine’s daily activity can devastate wetlands and waterways. Similarly, the operation of massive fossil fuel-powered mining equipment results in immense greenhouse gas emissions. Mine mishaps and leaks represent an even more significant hazard to neighboring land and water resources. Furthermore, the mercury used in artisanal and small-scale gold mining activities can, unfortunately, become airborne and pollute the air and water nearby. Even using sodium cyanide to extract gold from ore without being adequately confined can damage air and water. Acid mine drainage has also been an issue with the rise of gold mining. Chemical reactions between sulfides and surface elements result in sulfuric acid being released into the environment. And this chemical reaction can enter a feedback loop and continue for hundreds of years. Other metals such as cadmium, arsenic, lead, and iron have polluted rivers and streams, devastating lives. However, viable alternatives are emerging, and blockchain technology is making that happen. Going Green with Blockchain Solutions Blockchain technology and its features like cryptocurrencies and tokenization of real world assets can address the long-standing gold mining problem. It accomplishes this by enabling the tokenization of gold preservation and letting users invest in preserving actual gold in the ground.  Thus, the benefits of gold may be reaped without actually mining any more gold. While this concept sounds too good to be true, one project may be making it a reality. Nature’s Vault uses blockchain technology to tokenize the preservation of gold. It is unlocking the value of in-ground mineral assets without the negative environmental consequences of mining.  With its $LEGACY token, which is linked to tokenized NaturesGold, it allows people to invest in preserving gold. It is, in fact, one of the first projects to introduce a new concept known as Preserve-to-Earn. The platform allows users to stake and earn using $LEGACY tokens, where each token is backed by at least 0.01 grams of NaturesGoldTM. The best part is that real gold is quantifiably preserved underground while investors continue to profit from $LEGACY tokens.  And Nature’s Vault commits to acquiring rights over, and preserving significantly more unmined gold,  from the proceeds of $LEGACY Token sales. Making a Positive Impact on the Environment Natural Capital is diminishing year after year, and the environmental consequences of mining are contributing to this.   The devastation of the Amazon rainforest—a biologically rich environment that functions as a check on global warming—is intensifying due to a gold mining boom. And it’s high time for governments and citizens to take action on this by preserving natural reserves. However, there seems to be light at the end of the tunnel now that blockchain has emerged. It has the potential for a tremendous positive impact on the environment. Moreover, with projects like Nature’s Vault introducing sustainable alternatives to gold mining, things are certainly set to change. The future indeed lies in people caring about the planet and adopting a new way to invest in metals and other natural resources.

A lot of us are going about our lives shrugging our shoulders at the red candles. We are not stressed out. We have thousands invested.. That's the crypto market.. and of you can't sit calmly even when you see your portfolio dips for months at a time.. then you have too much emotion invested in…
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Coming out of the COVID pandemic, sub-Saharan Africa is defying the odds with an explosive level of economic growth that has been unseen for decades. With more people moving about and more goods needing transportation, this growth is putting unprecedented strain on Africa’s logistics. As a result, parcel delivery and taxi driving entrepreneurship have become quite popular, their drivers being able to earn an above-average income. While this is fantastic for the economy, the local environment is suffering. Most logistics entrepreneurs rely on old and cheap imported motorcycles with inefficient single-stroke engines. These engines are not equipped with modern emission-saving technologies, making them especially polluting and costly to fuel. Bob Eco, a crypto-funded renewable energy and electric vehicle company, is trying to make a difference in Africa with its electric motorcycles. Specially designed for the challenges that drivers in developing countries face, these motorcycles are made with practicality in mind. And, featuring slick modern designs and bright orange paint, they are as stylish as they are useful. A single flat fee covers an all-inclusive package for drivers – high-tech safety gear, road safety training, vehicle insurance, and family life insurance all come with a motorcycle lease. Drivers also gain free and unlimited access to Bob Eco’s vast network of battery swapping stations, where drivers can quickly and easily swap their batteries for freshly recharged ones. Thanks to this amazing benefit, Bob Eco drivers skip on refueling costs and nearly quadruple their take-home income on average. As an easy choice for drivers, Bob Eco’s all-inclusive package has been a slam-dunk win since their first bike hit the road in 2020. To keep up with demand, founder Bob Ultee has been hard at work forming partnerships and finding ways to finance new facilities. Most excitingly, Bob Eco has struck a production deal with legendary motorcycle manufacturer Jincheng Suzuki. Jincheng Suzuki is currently producing over 300,000 units per annum for Bob Eco, and has been involved in the designs of Bob Eco’s most popular bikes, the Model E-AX100 and Model-X: The Bob Eco Model E-AX100 Together, Bob Eco and Jincheng Suzuki reinvented the legendary 1984 Suzuki AX100, transforming this classic into a smart electric model that is specially designed for taxi and parcel delivery services in developing countries. Though it is extremely affordable, the E-AX100 is virtually indestructible and reliable on tough terrain. Resembling a dirt bike, it is easy to ride where roads may be sparse or completely off-road travel is required. And, if it were ever to need maintenance, replacement parts for the E-AX100 can be found anywhere. The Bob Eco Model-X As an ultimate strategic motorcycle developed by Bob Eco and Jincheng Suzuki for emerging markets, the Model-X is a next-generation street model created with local land surveys in mind, incorporating design aspects that take into account the real-world traffic environments that drivers face on a day-to-day basis. With an extended flat seat, a second pair of board-style footrests, a high-capacity rear carrier, and suspension capable of handling heavy loads, the Model-X is the perfect e-bike for transporting parcels or tandem riders. Though it is designed for utility, this e-bike is also a fun ride – at the heart of the Model-X is Bob Eco’s proven powertrain, which delivers a thrilling riding experience. How Crypto Is Making Africa Greener To finance its expansion throughout Africa, Bob Eco has begun the sale of BobCoin, a cryptocurrency token that is linked to all of Bob Eco’s assets: from its growing fleet of bikes to the thousands of entrepreneurships that have joined under its wings. Mirroring Bob Eco’s success in Africa, BobCoin is making big moves to the upside. Come April of 2022, BobCoin will be publicly available on primary market exchanges. Soon after, BobCoin utility tokens will be accepted for Bob Eco’s lease-to-own products.

What started as a distributed digital ledger enabling a peer-to-peer network has now become a whole new dimension of the internet. Blockchain, the underlying technology of cryptocurrencies, evolved in an immense way over the last ten years. Bitcoin is its first real use case, and it is now recognized as a global monetary network with a fixed supply that several countries have accepted as legal tender. Yet, blockchain’s functionality doesn’t end with Bitcoin. There are many prominent use-cases of blockchain technology that helped the crypto market accrue over $1.8 trillion in market cap. That too, despite little or no attention and participation in the early days of growth. The Scope of Blockchain-Powered Disruption Blockchain technology will be a disruptive force across industries. For example, it can transform the venture capital industry, reshaping how companies raise money with the help of tokenization. This in turn will help companies increase capital efficiency exponentially while enabling decentralization. Security Token Offerings (STOs) are a working use case in this regard. With STOs, startups can freely distribute tokens in the form of equity and raise capital in an adequately regulated manner. Gaming is another prominent industry that blockchain disrupts. GameFi is emerging as the next era in gaming and entertainment, innovating in-game assets and NFTs. Thus, gamers have access to unprecedented revenue streams, which is substantiated by the immense popularity of Play-to-Earn (P2E) games. Moreover, unlike traditional video games, blockchain gaming enables players to retain asset ownership and derive value in open marketplaces. NFTs are critical to GameFi. But even beyond that, they facilitate several use cases, including those in digital art and entertainment. Moreover, DAOs or exclusive communities use NFTs to determine whitelists and for access control. Emerging artists and creators also use NFTs to tap into their fan bases and generate considerable revenue compared to what they are making on Web2 platforms. Having said that, however, blockchain has a bigger purpose overall. It solves the problems of fragmented monetary systems with digital assets. Stablecoin is one prominent example of such an asset that also addresses the volatility of ordinary cryptocurrencies. Since stablecoins are pegged to the value of some underlying fiat or cryptocurrency, they maintain a ‘stable’ price and become relevant for day-to-day transactions. This also makes stablecoins key to blockchain’s mass adoption, especially for cheaper and faster cross-border payments. Unlocking Blockchain’s Full Potential Blockchain disrupts existing industries in many ways. But for the technology to achieve its full potential, there’s a need for solutions that boost interoperability and cross-chain functionalities. Progress is already being made on this front, because of platforms like Konstellation Network. Built with the Cosmos SDK, Konstellation caters to the expanding decentralized capital markets through its cross-chain infrastructure. It strives to make asset management more seamless for users by operating under one umbrella. In doing so, Konstellation has integrated VegaX, an ASM known for its crypto investment products. Users thus have access to the index strategies of VegaX that can improve overall returns in DeFi. Moreover, the platform has a separate set of portfolio management tools, available on Taebit—a South Korean DeFi platform simplifying crypto investing and staking. Konstellation also gives investors exposure to the metaverse through the Solana-based NFT game, Squid Squad OG, and an integrated marketplace, Kambrian. People who own a part of this collection can earn high rewards by playing a simple game of rock, paper, and scissors. Furthermore, Konstellation recently went a step further to promote blockchain-oriented innovation by launching an incentive pool in collaboration with Osmosis Zone. The pool initially held 10 million $DARC — Konstellation’s native token — and has two equal sub-pools paired with $ATOM and $OSMO. This strategic partnership also sheds light on the significance of Cosmos as a whole, when it comes to shaping the future of blockchain. Towards Mass Adoption Besides strengthening decentralized capital markets, projects like Konstellation significantly enhance blockchain’s value proposition for individuals and institutions alike. They unlock cross-chain liquidity, which prepares the ground for scalable and sustainable markets. In turn, this initiates a positive feedback loop—innovation boosts adoption and adoption encourages innovation. As more sectors implement blockchain, the closer the world will get to Web3.