Category: Cryptocurrency News

BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion.

While the Bitcoin mining trading is fading in Kazakhstan, Bitfinex debuts its STO platform with a BTC mining-related token.

Ekta is one of the trending blockchain protocols that bridges the physical and digital worlds. Named EktaChain, the mainnet leverages the power of blockchain in its tokenization of real-world assets. Hence, EktaChain facilitates the representation of physical assets and their real-world value as virtual analogs. In its operation, Ekta aims to offer users a platform to build a profitable and robust portfolio of real-world assets, but on-chain, and for all budgets and types of investors. Its mission to tokenize traditional businesses, natural resources and real-world capital provides both brands and individuals the opportunity to grow using their assets. Ekta NFT Marketplace Following through on its roadmap, Ekta will soon be launching its own NFT marketplace. Non-fungible tokens are an emerging technology that has exploded into a major industry in short order. It’s now one of the main tools for brand marketing, advertisement, funding, and other purposes. However, NFTs only have sustainable value when backed by real-world use cases and assets. Launched in August 2021, Ekta stands as one of the most focused decentralized protocols to align blockchain with the physical world. It is preparing a unique and transparent self-developed NFT marketplace for NFT enthusiasts to explore that value asset-backed assets rather than only digital art as NFTs. In line with its vision, Ekta will create a cross-chain NFT platform for trading, staking, and exchanging physical assets with digital assets representation. The Ekta NFT marketplace will serve as a bridge where NFT developers and owners of the physical assets interact with other brands and individuals through their virtual collections. Ekta’s Vision for its NFT Marketplace Ekta’s mission is to bridge blockchain to the physical world and spearhead mass-market adoption. The protocol aims to achieve this goal by creating platforms that deliver real-world utility and benefit to people and communities that are not yet on-chain. In doing so, Ekta will fulfill its vision of creating profit with purpose through its NFT marketplace. Here are some of the physical assets that could be represented as NFTs. Real estate Verified Carbon Units (VCU) Equity in startup companies Generally, users will be enabled to tokenize different assets on Ekta, which range from properties to utilities irrespective of the location globally. Moreover, Ekta supports project development that targets different industries such as smart tech, clean tech, alternative medicines, ocean start-ups, aquaponics, and permaculture. The overall functionality of the Ekta ecosystem includes some features already launched like its own blockchain explorer (ektascan.io), its own bridge (bridge.ekta.io); and soon-to-launch platforms like the Ekta NFT marketplace, Ekta’s Hybrid Exchange (HYBEX), and Ekta Wallet. With all the available tools and functionality of Ekta’s blockchain mainnet, the protocol’s ecosystem empowers different partners and projects the right platform for development and profitability. Is Ekta Safe? Though EKTA tokens are non-mineable currencies, you cannot mine any new tokens from other sources as the mainnet already has pre-mined tokens. It entails that EKTA’s digital currency is not completely decentralized which poses a security concern. Given that, Ekta saves loads of energy due to its pre-mined token. However, users new to Ekta World should consider taking all the security measures, for instance, two-step authentication. Why Should You Choose Ekta? The best thing about Ekta that appeals to new users is the access to real-world assets. For instance, you can buy land and real estate in Indonesia through Ekta’s NFT Marketplace. In fact, the carbon footprint of Ekta is less than others because it has pre-mined digital tokens.

Bitcoin surged to $44,000 overnight on March 1 after a Monday rise produced surprising results. Bitcoin has gone on a tear in the last day or so, gaining over $6,000 and breaking beyond $40,000 for the first time since the Russian-Ukraine conflict began. The majority of altcoins saw significant gains as well, with Ethereum approaching $3,000 and Terra erupting by 20%. Bitcoin See Trading Volume Rise BTC/USD reached $44,250 before stabilising, according to data from TradingView, and was remained above $43,000 at the time of writing. Analysts had been struggling to predict what Bitcoin price movement will do next against a highly uncertain macro backdrop, a mindset that persisted as local highs surfaced. The bitcoin market was impacted by Russia’s decision to conduct a special military campaign against Ukraine. Bitcoin was trading about $39,000 before plummeting $5,000 to just over $34,000 on a monthly basis. When the West announced that it would not become directly involved in the conflict, BTC began a rapid recovery and regained all of its lost value in hours. Furthermore, the asset continued to rise and was even challenged for $40,000 a few days later. Crypto liquidations chart. Source: Coinglass While initially unsuccessful, the asset was able to reclaim that desired level yesterday, according to reports. It rose further, reaching $44,000 for the first time since February 17, resulting in nearly $300 million in holdings liquidated, according to CoinGlass. Yesterdays #BTC trade we took with the group. Didn't expect it to run that hard tbh. Would have raised TP probably because I think it can do 1 more leg up before some correction. Red box was for the entire move, now 1 more (smaller) leg to go imo. Nice, quick profit 👍 pic.twitter.com/1suDz8pk7p — Crypto_Ed_NL *not asking to send DM's* (@Crypto_Ed_NL) March 1, 2022 Pentoshi, a well-known trader and analyst, predicted that even more triggers would be added to the macro mix in the month of March. He told his Twitter follower: “Want to state, March is a month of massive variables,”on the day. So I think day to day approach is best. There is a lot going on in the world right now. It’s anyones guess. I’m leaning towards yearly open still, but after that it’s wait and see.” Despite taking a more bullish stance in February, he stated that he “did not see coming” the amount of Bitcoin’s quick rise. BTC/USD surges to $43k. Source: TradingView Apart from the ongoing Russia-Ukraine conflict, the Federal Reserve of the United States is expected to make a decision on key interest rate hikes later this month. The consumer price index (CPI) data for the United States is due on March 10. Related Article | Russian Politicians’ Crypto Wallets Targeted By Ukraine – Hefty Reward Up For Grabs Altcoins On Green Altcoins, meanwhile, went all-out on the offensive. Ethereum has risen by 11% and is now trading at $2,900. It’s worth mentioning that when the battle broke, the second-largest cryptocurrency dropped all the way to $2,200. Binance Coin is up 12% and now trades at over $400. Ripple, Cardano, Solana, Avalanche, Polkadot, Dogecoin, and Shiba Inu are also doing well. Terra, with a gain of about 20%, is the most significant gainer among the larger-cap alts. As a result, LUNA is trading at $90. Waves (40 percent), THORChain (24 percent), NEAR (22 percent), Theta Network (18 percent), NEO (16 percent), Fantom (16 percent), JUNO (15 percent), Oasis Network (15 percent), and a slew of other coins have all pumped their prices. Since yesterday, the crypto market valuation has increased by nearly $200 billion, and it now stands at $1.9 trillion. Related Reading | New Crypto Security Solution Protects Bitcoin, Other Digital Assets From Theft Featured image from Pixabay, Chart from TradingView.com, and CoinGlass

A Dutch artist created a series of 7.9 billion NFTs for every headcount on the planet. NFT can be bought through Polygon costing one Matic each, which is roughly about $1.5 The sole unique characteristic of NFT is the serial number, which is given out in sequential minted order. Even few million people went on…
Read more

It makes more sense to call them keychains as they arent really wallets. You store money in a wallet, you dont store crypto in your crypto wallet. Crypto wallets basically are keychains as they literally hold your private KEYS and gives you acxes to your assets on the blockchain. Lots of new people are confused…
Read more

I started learning smart contracts and was blow away by the cost to deploy. I was under the impression that it would be very cheap to deploy a smart contract. Looks like it was dirt cheap a while back. So if the cost of deployment of a smart contract is all about the market price…
Read more

New FTX fund targets projects that are “massively scalable” and could spend millions of dollars productively.

Switzerland and Swiss banks are notorious for privately safeguarding trillions of dollars worth of assets to keep away the prying eyes of financial authorities. Those with Swiss bank accounts are often uber-rich figures and entities looking for a safe haven to store their wealth. According to recent statistics, Swiss banks hold over $6.5 trillion for…
Read more

Here to change the way that artists and fans interact forever, cryptocurrencies and blockchain technologies are on tour in the music industry – from digital ticketing to distribution, NFTs are taking over. Let’s take a close look at the top four NFT platforms fronting the way: Centaurify, MusicArt, and Meteora. Centaurify Centaurify is a music NFT universe that helps music lovers connect with their favorite musicians on a new level, through NFT ticketing, live events, and official merchandise. Centaurify aims to revolutionize the music industry by taking control from scalpers, while giving it back to artists through the power of blockchain technology. Today, scalped tickets go for massively inflated prices, with very little of their original sale going to performers. With the live event market expected to 10x by 2025, a massive amount of resources are being stolen from those who really deserve them. Centaurify is fighting back with tokenized tickets that are specially developed to prevent scalping by providing full transparency, thus empowering artists. Another hugely important element is the official merchandise musicians produce, an essential component of artist-fan relationship building. While fans are able to collect cool mementos of concerts they attended or artists they support, musicians gain another revenue stream that allows them to continue producing their art. As a fan, it is important to wear the logo or symbol of their favorite band proudly, adding to the feel of belonging and knowing other individuals feel the same way. Centaurify will provide musicians the chance to sell their merchandise directly through their platform, removing any additional middleman costs. Simultaneously, fans can purchase merchandise confidently knowing that it will be original and will support the artist directly. Although their platform is still in development, it has an impressive list of partnerships and backers from music and crypto, including the likes of Cardano, Ethereum, Solana, and Polkadot. MusicArt Aptly-named MusicArt is a planet-friendly NFT marketplace focused on music artwork. Introducing fans to artwork first the songs second, MusicArt gives music lovers a new way to discover music. Also, this focus on artwork re-establishes the importance of album art, and gives artists another way to earn by selling their visual outputs as NFTs. All MusicArt NFTs are hosted on-chain, and are part of a fully open market – NFTs can be transferred out to external wallets or resold. Both auctions and fixed-price listings are supported, giving artists and resellers the flexibility to sell whichever works best for their products. Meteora Meteora is the NFT-based internet of music platform that brings together listeners, artists, and professionals into one metaverse. Its Lunaris.core industrial-grade layer-2 blockchain and protocol allows for instant and secure transactions across several blockchains, keeping the network scalable and the music going. In addition to the freedom to own, sell, and trade music NFTs, Meteora offers listeners several unique benefits tuned to maximize their listening experience – to name a few: high-quality streaming, a state-of-the-art app, and an AI module that provides excellent listening suggestions. With full publishing control, artists enjoy a feature set that truly empowers them and gives them the opportunity to maximally benefit from their creative work. Artists have the ability to choose between copy-based, streaming, master sale, and subscription models while setting their own pricing. After making sales, artists can either take payouts immediately or let their profits grow in their account in the form of Meteora’s $MRA token. Lastly, Meteora also caters to professionals, creating a shared ecosystem for everyone involved in the creation and enjoyment of music. Meteora offers all of the tools necessary to create labels, manage rights and royalties, sell production services, manage events, administer licenses, and more – everything that professionals need to run their projects.