Category: Cryptocurrency News

Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the Financial System’ The International […]

Kishimoto Inu is in the early stages of releasing the world’s first 3D NFT marketplace, taking NFT space to the next level. Non-fungible tokens took the world by storm in 2021 as the previously maligned sector of the cryptocurrency market caught the attention of mainstream news outlets, celebrities and globally recognized brands who sought to get in early on this multi-billion dollar trend. As the quality of NFT projects has evolved from simple pixelated images to extremely detailed one-of-a-kind digital assets that let their holders express their inner nature, so too must the underlying architecture that enables the buying and selling of these unique times to anyone with an internet connection. It is in that vein that the team behind Kishimoto Inu, a project with the goal in mind to become the hub for all things anime on the blockchain, has set out to create the first of its kind 3D NFT marketplace that will change the non-fungible token space we know it. The Kishimoto teams dedication to advancing the development of the project to keep up with the latest trends across the blockchain ecosystem has been demonstrated with the announcement of the upcoming Katsumi Governance Token and KishiSwap 2.0 launch, and its work on creating a 3D NFT marketplace is sure to set the example that all other NFT marketplaces will strive to beat. The Kishimoto NFT ecosystem is already well established with 10,000 unique items listed on the popular OpenSea marketplace including the popular Kishi Ninja NFTs which will soon have utility in a play-to-earn game that is currently in the early stages of development. Early adopters of unique Kisimoto NFTs like the Kishi Ninjas will also be treated with additional perks, contests and unannounced surprises in the future as the Kishimoto Inu ecosystem expands. Once the upcoming KishiSwap 2.0 is fully launched, members of the Kishimoto community will have an easy way to mint their own NFTs which can be traded on the exchange or one day displayed in the museum-like setting of the Kishimoto 3D NFT marketplace. No other anime-focused or generally NFT-focused platform has gone to the lengths that Kishimoto has to develop and evolve the industry as a whole forward, and the current plans are just the tip of the iceberg for what the project has in store for the future. The ambitious roadmap for Kishimoto details the release of the first of its kind active burn DAO token for the Kishimoto community, KishiSwap 2.0, and the 3D NFT Marketplace all in Q1 of 2022, and the team is well on its way to accomplishing its goals in just the first month of the new year. On top of building out the Kishimoto ecosystem, the developers behind the project have also worked hard to establish bridges to some of the most popular blockchain networks in the ecosystem including Fantom, Avalanche and the Binance Smart Chain, meaning Kishimoto can be traded and stored in a multi-chain environment where users can find the best transaction fees and processing times. In addition, Katsumi (Kishimoto’s governance token) is also set to launch in the following weeks. Katsumi will benefit Kishimoto holders by actively burning Kishimoto tokens. Katsumi’s “active burn” will not only increase Kishimoto’s value by buying tokens but will also decrease the supply in circulation, increasing scarcity for a higher demand for the Kishimoto token. Katsumi will be the first token to implement this “active burn” and will be an originator of the crypto governance tokens to be released in the future. With multi-chain support and an advanced 3-dimensional interface that gives a next-level environment to view and appreciate anime NFTs on the blockchain, Kishimoto’s 3D marketplace is sure to leave its mark and set the standard for all NFT projects to model or try to beat in the not too distant future.    

If you've never seen the movie I definitely recommend it! This text might contain some spoilers. I've always heard of the movie 'the big short' but never watched it before. I was shocked at what went down and how totally ignorant people, banks, hedge funds etc were to giving loans or investing in loans without…
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Starting ADALend CEO Kaspars Koskins interview series, one of the most promising companies that is revolutionizing the lending industry by using blockchain technology to disintermediate the traditional middlemen – providing unprecedented access to loans for those ignored by the traditional banking system and providing high yields for investors in a persistently low-interest-rate environment. I hope you are as excited for this conversation as we are so let’s jump in. Q: Welcome Kaspars, we know you are a busy gentleman these days with the public launch of the ADALend lending platform and token this quarter but thank you for making time to speak to us today. Let’s start at a very high level – can you give us the elevator pitch for ADALend that so that those of us that are new to Decentralized Finance and Crypto (or Web3 as they fashionably call it these days!). Koskins: It’s a pleasure to be here and I am thrilled to share with your audience a little more about what we are building at ADALend and how they can participate but first let me try to summarize in layman’s terms what our mission is. We are developing a scalable, trustless, and decentralized lending protocol that harbors users within a self-governed environment. From day one, we committed to building natively on the Cardano blockchain, which will enable the lending platform to aggregate protocols that support business models that give economic support to billions of users. ADALend will bring back the balance of power between lenders and borrowers. By allowing the use of digital assets as collateral, the use of the platform will be diversified to the benefit of the user. Q: Thank you for that –  can you tell the audience a little more about why you chose the Cardano blockchain when there are already successful DeFi projects built on Ethereum and new blockchains like Solala for example? Koskins: Certainly, let me begin by explaining that Ethereum is no longer usable by the majority of people on earth due to the high transaction costs. The gas fees on Ethereum have reached hundreds of dollars per transaction over the past year. This would be unacceptable to ordinary people in the western world today but for the millions of unbanked people in the developing countries of Africa and Asia, this renders ETH useless as they need to lend and narrow far smaller amounts. Ethereum has therefore become a layer 2 blockchain for the rich and the newcomers you mention like Solana have problems with centralization and reliability. Cardano is the only truly decentralized blockchain with the required security, speed and low transaction fees required to provide a truly democratic financial solution that can be used by every human on planet earth – and our vision aligns perfectly with the Cardano Charles Hoskins who is passionate about improving financial outcomes for people all over the world, regardless of race, nationality, gender or financial status. Q: Thank you, those are truly powerful words Kaspars, and we are fortunate to have projects like Cardano and platforms like ADALend that can bring this vision of democratic inclusion into reality. So as well as the mission to do good in the world, many of our readers are executives, professionals and small business owners that are managing their own portfolios and wondering how they can preserve their capital and earn a good yield in this hyperinflationary environment when interest rates are so low.  People are seeing their retirement nest egg or children’s college fund declining in real terms due to the frankly crazy macroeconomic environment we find ourselves in today in the US, Europe and many other parts of the developer world. How can these middle-class, hard-working people benefit from ADALend? Koskins: Well this is the other side of the coin isn’t it. One of my personal inspirations to found ADAlend is that in my home country of Estonia in northern Europe, I was working in the traditional retail lending space and with credit unions savings. I have seen firsthand how people were unable to get a decent interest rate at the banks and were genuinely worried about their future as prices and the cost of living was rising far faster than salaries. The banks’ hands are tied as the interest rates are set by the Federal Reserve in the US and the European Central Bank in the EU. I began exploring Decentralised Finance (DeFi) as a way to earn a yield on my own family’s savings which led me down the rabbit hole and brings us here today. Our commitment to ADALend lenders is that we will provide a safe secure lending platform where they can stake their hard-earned savings in Cardano (ADA) or the ADAlend token (ADAL) or the form of stable coins like USDT or USDC and earn a market-beating yield on it in the high single-digit or lower double-digit percentages. The ADALend platform is highly liquid without long-term lockups so our lenders will earn interest for the time their savings are “staked” on the platform and can withdraw anytime. The other side is for borrowers – many small business owners, entrepreneurs and the self-employed can find it hard to borrow money from traditional banks to buy a car, pay a downpayment on a house, invest in their business or fund a dream holiday. At ADALend we don’t do credit checks and we don’t care about salary history. Traditional banks and lenders do not recognize digital assets as collateral. We will provide an over collateralized lending facility to these borrowers where they can stake their digital assets like Bitcoin, Cardano or any other major cryptocurrency and we will lend them US Dollars or  Euros against their holdings. This will provide crucial liquidity to a large number of hard-working professionals and self-employed people that were previously ignored by the banks. By the way, this type of over-collateralized lending against access has been used by the top 1% of wealthy people in the world to fund their lifestyles and investments and to optimize tax for decades. ADALend is now bringing these financial solutions to everyone that were once the privilege of the rich. Q: That is truly a noble goal – and I love to see that you are helping out the middle classes like us as well as the poorest folks in the world.  Let’s talk about partnerships, investors and technology. I understand that DeFi and CeFi (centralized finance) is a highly competitive space, especially before your Initial DEX Offering (IDO) in March 2022, but what can you share in that area without all our readers signing an NDA? Koskins: Absolutely – you have hit the nail on the head, the space is getting more and more competitive by the day from other new projects building DeFi on other blockchains and the CeFi incumbents like BlockFi so we need to be selective about what we can reveal. However, I can share some insights with you today, On the technology side – by leveraging the Cardano blockchain, ADALend will be able to tap into the vast digital cash management market. By creating a technology that allows anyone to delegate their digital cash and make it available for a loan, ADALend is opening up the potential for blockchain-powered liquidity. We are aiming to be Cardano native in everything we do and are building the platform using Haskell and Plutus and working within the present limitations of Smart Contracts on this blockchain. On the partnership side, Input-Output Hong Kong (IOHK) has listed ADALend on their “Essential Cardano List” of projects that are considered part of the ecosystem supporting and providing Cardano users with products and services. We are also listed on  CardanoCube.io and I know our Business Development team is hard at work on several exciting partnerships we will be announcing in February that will really move the needle so watch this space! In terms of funding, we were delighted to have a highly respected Venture Capital from Moonwhale Ventures as our lead investor and our private sale is almost closed. We are now in a very good position financially and more selective in who we will take funding from, as we don’t want to favor the VCs over retail investors as many projects do. We are reserving a good allocation of ADAL tokens for our community also. Q: This is excellent news Kasparas – I am hearing all too often that new crypto projects are providing huge allocations to the VCs who then dump on to retail. It looks like you are being far more inclusive at ADALend and giving excellent opportunities for smaller and medium-sized accredited investors to access the private sales that were once the preserve of the VC elite, as an experienced small investor myself I salute you! I must say, after our discussions today I am super keen to get involved and I am sure our audience is too. Where can they learn more about the private sale, the public IDO launch and how to get involved? Koskins: Thank you for the kind words and thank you for the conversation today – I genuinely enjoyed it and sometimes I still have to pinch myself when I realize how far we have come in the past year! Sure, we are in the final stages of the private sale now so if you or your readers would like to apply for an allocation of ADAL tokens you can email privatesale@adalend.finance with the subject line “CEO Interview” and I’ll make sure our private sales team responds to them ASAP. You can find more details at our website ADALend.finance Q: Thank you for your time Kaspars, and I’ll get back to the building. Koskins: My pleasure, and I’ll take this opportunity to wish you and your readers a prosperous and profitable year ahead!  

In two days, the auction of the first Pulp Fiction NFT will take place. A historical moment for the nascent industry, one that will set precedent for years to come. When Quentin Tarantino and the Secret Network announced a partnership aimed at releasing NFTs from the classic ’90s film, the world listened. Unfortunately for them, so did Miramax. The studio still holds the right to Pulp Fiction, so they sent a cease and desist letter.  Related Reading | Upside Potential in NFTs is Massive Says Gary Vaynerchuk The caveat here is that “the unique value proposition from The Secret Network lies in the name; the NFTs will be “secret” and only accessible by the NFTs owner.” When NewsBTC covered this story, we explained:  “That fact makes the lawsuit endlessly interesting. Only the person that buys the NFT can see what’s inside, so Miramax has no clue about the kind of content they’re suing for. They just know they own the rights to the picture and the discarded material, but, besides the reports and the marketing material, they’re as in the dark as the rest of us about the actual content.” What has happened since then? A LOT. Let’s explore the new developments in the case. Bidding begins in one week! Register now on https://t.co/IafaEEqDqU. The future is now. You won't want to miss this. $SCRT $ATOM $ETH pic.twitter.com/qILjbtNZSH — Tarantino NFTs (@TarantinoNFTs) January 10, 2022 Unreleased Scenes And Material In the beginning, the implication was that the NFTs would contain unreleased material from Pulp Fiction. Miramax entered the picture and everything changed. Again, from NewsBTC’s previous report: “On the day of the announcement, The Secret Network released a statement that quotes the director himself. “I’m excited to be presenting these exclusive scenes from PULP FICTION to fans.” Tarantino says. “Secret Network and Secret NFTs provide a whole new world of connecting fans and artists and I’m thrilled to be a part of that.” Tarantino’s words suggest simpler times. We’re nowhere near that stage anymore.” The Content Of The Pulp Fiction NFTs Changed After the cease and desist letter, it transpired that Tarantino only kept the rights to Pulp Fiction’s script. Recently, IndieWire quoted a statement that Proskauer Rose, one of Miramax’s lawyers, sent them:  “There’s been no attempt to dismiss any of Miramax’s claims by Tarantino’s team, nor have they filed any counter claims or motions against Miramax, and since Miramax filed its lawsuit, the promotional website and Twitter account for the proposed sale have scaled back the unauthorized use of imagery from Miramax films (including Pulp Fiction)”  And he’s right about that. A casual visit to the @TarantinoNFTs Twitter account will reveal that the people involved in the sale fazed out all images related to Pulp Fiction and replaced them with just text or high contrast images of Quentin Tarantino himself. The content of the NFTs also changed, now The Secret Network describes them as:  “Tarantino owns the exclusive rights to publish his Pulp Fiction screenplay and the original, handwritten copy has remained a personal creative treasure he has kept private for decades. In collaboration with SCRT Labs, Tarantino has turned chapters from this historic document into a one-of-a-kind NFT publication. Each NFT in the collection consists of a single iconic scene, as well as personalized audio commentary by Tarantino himself.” Are they legal now? That’s the question. SCRT Market Cap, calculated by TradingView | Source: TradingView.com The Secret Network Proceeds The auctions will go from January 17th to the 31st. It will happen on the Secret Network and not on OpenSea, as originally announced. Did OpenSea run away from the controversy and possible litigation? We wouldn’t know. The Secret Network, on the other hand, is milking the situation to the extreme. Money can’t buy this kind of publicity. Their press release quotes Guy Zyskind, founder and CEO of SCRT Labs: “Secret Network is proud to stand with Quentin. We are committed to working with talented artists across the globe, by providing them a better way to release their works directly to fans without relying on older distribution models, which favor conglomerates over creators.” 3 days to go. Historical fact #1: Quentin Tarantino writes his screenplays by hand ✍️ For Pulp Fiction, he kept the original screenplay a secret for *28 years.* This priceless piece of history will be revealed for the first time in next week’s auction – but only to the buyer 🤫 https://t.co/wXbIUPOXUO pic.twitter.com/msgwomNs27 — Tarantino NFTs (@TarantinoNFTs) January 14, 2022 Miramax Attacks For their part, Miramax’s lawyers sent Zyskind a letter that claims: “Contrary to what you assert you are being told by Mr. Tarantino and his team,  You do not have the necessary rights to mint the Pulp Fiction NFTs described in your press releases and other promotional materials;  You do not have the necessary rights to market or promote those NFTs; and  Despite your now having assumed the role of auctioneer, you do not have the necessary rights to promote and sell those NFTs.” Not only that, they included a direct threat to possible NFT buyers: “We would hope that you also inform prospective purchasers of the risks of purchasing these unauthorized NFTs, including that purchasers may have to return the NFTs to Miramax and forfeit the price they paid for such NFTs, and that purchasers may incur additional liability in the event they later sell the unauthorized NFTs” Guy Zyskind response? He took to Twitter and replied: “Your attempt to bully and intimidate us, and our community, will not work. This lawful sale of TarantinoNFTs will continue as planned, despite your efforts to sabotage it.” Hey @Miramax. Got your letter. Your attempt to bully and intimidate us, and our community, will not work. This lawful sale @TarantinoNFTs will continue as planned, despite your efforts to sabotage it.https://t.co/1Qjkgfy8U1 pic.twitter.com/jpjbYDNmNp — Guy Zy𝕊kind (@GuyZys) January 10, 2022 The TarantinoNFTs account contributed to the conversation by saying, “We will not be stopped. We will not let bullies intimidate our community.” Related Reading | January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good Is that enough? Or are they making a big mistake? Is Miramax in the right? Or do they know that they don’t have a leg to stand on and thus turned to intimidation?  Turn on to NewsBTC next month for the next chapter of the Pulp Fiction NFTs’ exciting saga. Featured Image: Tarantino NFT Collection promotional material | Charts by TradingView

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