Category: Cryptocurrency News

The SEC has been holding steady for years, but the real-world dynamics of crypto adoption and maturation rendered an ETF approval all but inevitable.

1.Nguồn vốn hỗ trợ phát triển dành cho Parastate Bài viết này sẽ mô tả nhiều dòng lợi nhuận dồi dào có thể kiếm được trong hệ sinh thái Parastate . Đây là một chủ đề quan trọng vì trong khi công nghệ của ParaState đang dẫn đầu ngành trong việc cải thiện lưu lượng…
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I have written a brief proposal with a model of how a modular decentralized digital map protocol could be constructed using the Ethereum blockchain for security, governance, and hosting applications built around spatial coordination. I am a bit fuzzy on the details of where and how the protocol's state data could be stored in a…
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TL;DR: It’s really fun to make money. But, you know what’s even more fun? Using crypto profits to take care of your mental health and well-being. Doing this will make you a better person for yourself, your family, and everyone you meet. Since so many all-time highs have been reached lately, and a lot of…
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Launched on the Ethereum network, the LABEL platform has one of the most original governance and incentive mechanisms in the crypto space. Set out to revolutionize the Massive Open Online Course (MOOC) industry with a blockchain-based entertainment-education platform, it has gathered support from major partners. Per an announcement by the LABEL Foundation, the project has successfully completed a $1.0 million private sale round led by HG Ventures with participation from major institutions and leading venture capital investors in the crypto industry. This includes GBIC, Mindfulness Capital, IOST, M6, Adaptive, Icetea Labs, Alphabit, and Pragma. The partners have come together with LABEL to create an innovative new platform to support an NFT infrastructure entertainment-education platform and take the MOOC industry by storm. As mentioned, LABEL is an Ethereum-based worldwide content incubation platform that seeks to create a fairer and transparent ecosystem for content creators. Via this platform users can access top-tier educational material and self-produced content with multiple features and services. The platform has an NFT Market that allows users to trade with LABEL-generated NFTs. In addition, the platform has a DAO governance model supported by a native governance and utility token named LBL. Implemented to drive the growth of the LABEL ecosystem, LBL also operates as the main component in the voting and NFT shareholding reward mechanism. The LABEL Platform And Its Unique Rewards Model LABEL’s unique NFT infrastructure is backed by CLESSON and OPENTRACK, one of the most relevant systematic music education companies based in South Korea. The platform hosts over 200 instructors and 25 top artists from around the globe. This top talent will be part of LABEL’s entertainment-education platform backbone and will bring fresh air to the MOOC model by integrating the artists’ real-life experience in the music industry with the advantages of operating on a decentralized DAO governance model. 6 times Grammy Award winner Robert Sput Searight, 2 times Grammy Award Nominee Scoop DeVille, 3 times Grammy Award winner Mark Lettieri, the producer for one of the biggest music groups BTS Docksim, and many others are some of the names that will participate in the courses operated by the Clesson and further to be brought to the LABEL Foundation. In some cases, the instructors and artists will offer their IP rights on the LABEL platform incubating system. This will enable early investors to receive rewards in the form of NFT shares which can be traded on LABEL’s marketplace or they can hold them for further rewards. The entire system has been designed to protect content creators and their IP rights by minting them as NFTs. In this way, the LABEL community can choose which courses will receive support by using the DAO governance model and the LBL-based voting system. The courses that successfully attract LBL holders’ attention and receive enough votes via staking will be registered on the platform using the ERC-1155 Ethereum NFT standard. This will allow the platform to maintain full transparency by showing the share ratio ownership of voters and investors according to their NFT shares contributed. At any point, investors can withdraw their NFT shares or they can retain them to claim the partial profits generated by the courses. Co-Founder at HG Ventures, a key LABEL Foundation partner, Simon Jeung said the following on the project’s commitment and potential to spearhead a new wave of adoption for cryptocurrencies and blockchain technology: As the lead investors in the LABEL Foundation, we are first and foremost fascinated by the dedication of the core team to the unified goal to revolutionize the entertainment education market by bringing the MOOC industry and blockchain technology together. We believe that NFTs will definitely need the next level of adoption, and the musicians, artists and other content creators that were previously restrained from their legitimate profits will now be able to protect their rightful IP rights in the most innovative NFT infrastructure platform.  

Peter Schiff is an economist, gold advocate, and one of Bitcoin’s biggest critics. He has never liked the digital currency. He believes that real value is derived from an asset’s ability to create commercial demand in markets; and always refers to gold as a perfect example of this. In contrast, he says that Bitcoin is nothing but an asymmetric store of value with no other use except attracting an endless supply of buyers for the limited supply of assets. In short, it is a Ponzi scheme. However, he has been proven wrong over and over again. In his most recent critique of Bitcoin, Schiff said it is not a real asset. This was in response to a tweet by Twitter CEO Jack Dorsey about the possible arrival of hyperinflation in the U.S. soon. Schiff Responds To Dorsey On Saturday, October 23, Jack Dorsey shared his opinion on the current economic situation in the U.S on Twitter. He tweeted about the imminent hyperinflation as a result of the constant money printing in the U.S., and how the rest of the world would suffer from it. Related Reading | Is Hyperinflation Inevitable? Jack Dorsey Says It’ll “Change Everything” In response, Schiff tweeted that people should not look to Bitcoin to save them because it is not a real asset. Instead, they should own real assets like gold. Another Twitter user commented that Bitcoin is, in fact, real. And that it has just surpassed the Swiss Franc in Market cap. At this point, Schiff replied, calling the cryptocurrency a “make-believe asset” and that it is the adult version of an imaginary friend. Peter Schiff’s Grudge with Bitcoin According to this Wikipedia profile, Peter Schiff is an American stockbroker, financial commentator, and radio personality. He is also CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. Additionally, he is involved in various roles in other financial services companies, including Euro Pacific Asset Management, an independent investment advisor, Schiff Gold (formerly Euro Pacific Precious Metals), a precious metals dealer, and Euro Pacific Bank, a full-reserve bank. In addition to all these, Schiff is known for something else – his grudge with Bitcoin. He has always claimed its value will one day drop to nothing. Earlier this year, Mark Cuban told Schiff to “move on” because “gold is dead.” In Response,  Schiff said, “Mark, a lot of your athletes wear gold jewelry. Ask them why. Gold has many uses outside of jewelry that contributes to its value as a metal. It’s not hyped at all. Gold is money. Bitcoin is 100% hype. It’s nothing.” Related Reading | Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today Cuban himself used to be a bitcoin skeptic, preferring bananas to bitcoin because he claimed he could at least eat a banana. In an interview on Good Evening San Diego a few days ago, Schiff referred to Bitcoin as a fool’s gold and a digital pyramid scheme. He also said that the SEC should not be encouraging people to participate. BTC trading at over $62K | Source: BTCUSD on TradingView.com When asked about the SEC’s recent approval of Bitcoin ETFs, he responded that “we should get rid of the SEC”. He continued by saying, “I have no problem with the ETF itself, but if the SEC is pretending that it is some kind of watchdog and trying to make sure that investors don’t get hurt, then it makes no sense that they would approve this ETF because ultimately, the ETF is going to collapse to zero and the people who are left holding the bag are going to get wiped out.” Schiff is also not impressed with futures ETFs. He says, “instead of owning nothing, you own a futures contract to gamble on nothing.” Featured image by Bloomberg, Chart from TradingView.com

PRESS RELEASE. The MetaHUMAN Foundation has announced a grants program to support a new generation of projects looking to adopt and build on top of HUMAN Protocol. Successful applicants will have access to an allocated fund of $10 million, to supercharge the adoption of the Protocol, and realize new possibilities for HUMAN technology across new […]

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I probably would have sold for a hefty loss if it wasn’t for Reddit so thank you. It all began around May this year when my friend was telling me about his sweet crypto gains. I wanted some. With an intention of buying and not looking at it again for 5 years, I slapped a…
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Blockchain technology company Stratis has concluded its latest major update, with STRAX tokens replacing their STRAT predecessors. The swap follows a vote that saw over 97.5% of token-holders green-light the proposal, setting the stage for a revised tokenomic structure, new incentive mechanisms and improved block times. In total, over 93 million STRAT tokens have been converted 1:1 to STRAX, representing 93% of the circulating supply. The remainder were burned, effectively removing over 6.6 million tokens from existence. With the deployment of a brand-new blockchain and native token – not to mention the imminent launch of an NFT marketplace, games and the Unity Engine SDK – Stratis is, like fellow sleeping giants Cardano, Tezos and Polkadot, starting to wake up and make good on its promises. Why Token Swap? Stratis users who failed to exchange STRAT for STRAX can hardly complain: the platform announced the changeover last October, with token-holders given a whole year to install a STRAX wallet and exchange their old outgoing assets. The high number of tokens swapped underscored the simplicity of the process, which saw users trade STRAT independently via a trustless on-chain mechanism, transfer their tokens to an exchange that supported the swap (Binance, Bittrex, Bithumb, etc), or manually swap them into STRAX using a tool provided by the platform. The token swap was part of a raft of changes made to the platform, with block times reduced, block rewards increased, SegWit activated, and the introduction of both cold staking and dynamic membership. The latter enables any user to join the Cirrus sidechain as an acting Masternode – providing, that is, they meet the collateral requirement of 100,000 STRAX. The management and monitoring of masternodes have also been simplified thanks to a newly-released operator dashboard. Stratis Enters Shipping Season Designed to help Microsoft developers develop blockchain solutions in a language they understand and love, Stratis launched in 2016 as an enterprise-focused Blockchain-as-a-Service company. In the years since, the platform has poured an immense amount of resources into enhancing its features and tooling, while onboarding companies from around the world. 2021, though, has been something of a breakout year. Not only is Ethereum interoperability imminent thanks to its InterFlux solution, but Stratis recently launched a Unity Development Kit, enabling the integration of NFTs and decentralized identities into the gaming ecosystem. A number of gaming projects (Dawn of Ships, Trivia Legend) are now busy building on Stratis’ proof-of-stake blockchain, both due to its low-fee environment and 3D SDK. DeFi is another area of exploration for Stratis, as highlighted by the emergence of decentralized exchange protocols Opdex. Financed by Stratis’ Decentralized Accelerator program, Opdex enables trustless token swaps, liquidity provision, mining, and staking in a non-custodial and gas-efficient manner. Recently released on the Cirrus testnet, the DEX protocols aim to bring much-needed diversity to the booming DeFi sector, which has largely centered on Ethereum. Founder Tyler Peña believes the fact that Opdex coded in #C means the ecosystem could “drastically increase the adoption rates by developers while also decreasing the frustration of learning new languages, frameworks and tooling.” Shaping Blockchain Policy Although DeFi, NFTs and blockchain-based gaming are now very much part of the Stratis universe, the platform remains, at heart, enterprise-focused. As such, it remains committed to pioneering use-cases, onboarding businesses and organizations, and working with governments. Last month Stratis joined the UK’s All Party Parliamentary Group on Blockchain (APPG Blockchain), which aims to “provide evidence, guidance and recommendations to policy makers on blockchain-related issues.” By acquiring a seat at the table, Stratis – described by APPG Blockchain secretariat Birgitte Andersen as “one of the UK’s most established and innovative blockchain platforms” – will be in a position to influence and inform the UK government’s decision-making when it comes to blockchain initiatives. The spoils, of course, are considerable: business investment in blockchain technology is expected to reach almost $16 billion by 2023, up 40% from 2019. And with the wider crypto market currently in rude health, Stratis seems well-positioned to capitalize on the feel-good factor.   Image source: Depositphotos.com