Crypto News Updates

Survey: Most Bitcoin Investors Know Zilch About the Currency

Uh oh. It looks like many of the people who invest in bitcoin know little or nothing about it. What does that say about the industry?

Bitcoin Investors Don’t Always Seem to Know What They’re Doing

Bitcoin is shaping up to be one of the biggest and most popular assets in history. The currency is reaching unprecedented levels, and recently shot beyond the $50,000 mark for the umpteenth time, though it has since incurred a small dip that has brought it back down into the $48,000 range. Still, the asset has shot up by more than $30,000 in just the past few months alone.

Obviously, people are eager to get their fingers on it. With something rising so quickly, people want to take advantage of the currency, though it appears that at the present time, the main thing that’s driving bitcoin purchases is fear of missing out or FOMO as it’s so often called. The fact is that many traders and investors are not too familiar with the technical side of bitcoin, and thus are buying something that’s going right over their heads.

Survey company Cardify conducted a poll involving more than 700 separate investors between early and mid-February. During that time, bitcoin shot up by more than $10,000, boosting itself from $37,000 to about $47,000. According to the survey data, not even 17 percent of those who took part in the study fall into the “fully understand bitcoin” category. However, a whopping near-34 percent fall into the category of “zero knowledge.”

This is a scary thought for many reasons. For one thing, if people aren’t doing their research before getting involved in BTC, that means they’re simply buying and not thinking about the future. Thus, it can be argued that they may be doing irresponsible things to get their fingers on BTC, such as mortgaging their homes or taking out loans they can’t hope to pay back.

In addition, it’s likely that those who are buying it in such a way are not leaving room for volatility. At this stage of the game, analysts don’t care how high bitcoin spikes. The fact is that tomorrow, things could come to a sudden end. We’ve seen this time and time again, perhaps the biggest example being between 2017 and 2018.

A Fluctuating Price Can Do Some Damage

During the former year, bitcoin was on a roll and by the end of those 12 months, reached its then high of nearly $20,000 per unit. The following year, within just a month or two, bitcoin had lost more than half of that value. By the summer, it was trading in the $6,000 range, and by the end of the year, each bitcoin was worth only about $3,500.

Price swings are a huge problem, and those that don’t make room for them could potentially see a lot of their wealth vanish quickly and without warning.

The post Survey: Most Bitcoin Investors Know Zilch About the Currency appeared first on Live Bitcoin News.

Source: Live Bitcoin News

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Jesse Powell: BTC Will Be the Currency of the World

Kraken CEO Jesse Powell is taking a page out of Jack Dorsey’s book and claiming that bitcoin will some day be a global currency.

Jesse Powell: BTC Will Beat All Fiat

Back in 2018, the CEO of both social media giant Twitter and payments company Square claimed that bitcoin would be a global currency. Rather, he stated that it would be the world’s only currency within ten years, and that it would replace all known forms of fiat. While bitcoin hasn’t quite reached this level yet, the idea of BTC and its digital counterparts is that they would one day replace all national forms of money and serve as the ultimate payment source for both goods and services.

Today, that dream is getting closer and closer to reality, as many large companies – including Tesla, Uber and General Motors – have stated in the past few weeks that they are now considering bitcoin as a potential payment method alongside cash and credit cards in the future. Jesse Powell is confident that bitcoin will ultimately be used by many different people in many different countries.

He was also quick to suggest that the asset could potentially reach a price of $1 million per unit, thereby pulling a page out of John McAfee’s book. While we’d all like to see BTC reach this price, it’s going to be a while before the asset ever crosses into seven-figure territory, as we learned with McAfee’s prediction for the year 2020.

The antivirus mogul commented in the past that bitcoin would reach this price at some point during the infamous year in which the coronavirus pandemic began striking all our global markets. He further stated that he would eat his own d*ck if this didn’t happen. Well, it didn’t occur, but as far as we’re concerned, McAfee is not missing any of his parts and was quick to defend himself by claiming that the entire prediction was nothing more than a joke.

$1 Million in Ten Years?

But for Powell, $1 million for bitcoin isn’t a joke. It’s something that could easily happen in the foreseeable future, as he claims that many national forms of currency are already suffering and showing “extreme signs of weakness.” In a recent interview, he stated:

The true believers will tell you it’s going all the way to the moon, to Mars, and eventually it’ll be the world’s currency… In the near term, people see it surpassing gold as a store of value, so I think $1 million as a price target within the next ten years is rather reasonable.

At the time of writing, Kraken is based in San Francisco, California and considered one of the largest and most powerful cryptocurrency exchanges of all time, presently managing digital assets worth more than $10 billion. Despite a recent rise beyond $50,000, BTC has fallen back to the $48,000 range.

The post Jesse Powell: BTC Will Be the Currency of the World appeared first on Live Bitcoin News.

Source: Live Bitcoin News

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Retail Investors, Elon Musk And The Rise Of Bitcoin

A landscape that gives more power to retail investors and the influence of celebrity endorsement have driven bitcoin’s recent rise.

Adoption of bitcoin is accelerating at an unprecedented rate. Bitcoin is the world’s first investment megatrend in which retail investors have led institutional allocators. And, until the advent of the Great Corona Recession, that dynamic was not given much consideration by the investment banks, hedge funds and asset management titans.

The rapidity and magnitude of the bounce in equities and risk assets in March of last year was caused in large part by the new force that retail investors represent in markets, empowered by fresh access to information and markets via online platforms around the world. The recent coordinated targeting of concentrated short-interest stocks by the “Reddit Revolutionaries” was reminiscent of the Arab Spring, where use of social media catalysed regime change.

The r/wallstreetbets group was similarly well informed and demonstrated its capability to move markets, triggering political uproar and a temporary concern for the structure of the U.S. equity market’s clearing and settlement structure. Retail investors have now permanently affected the asymmetry of short bets in single-stock equities that require traditional “market-neutral” hedge funds and asset managers to deploy more sophisticated strategies and mechanisms for managing risk.

Why We’re Living In The Bitcoin Age

Bitcoin has exploded due to the confluence of a number of factors. It is “better at being gold than gold” in as much as it is instantly accessible (does not require trust in an intermediary, administrator or appointment at the vault), has a lower cost of carry than bullion and has an absolutely constrained supply of 21 million (whereas advances in refining technology and environmental, social and governance shortcuts can generate more metal).

The rate of change of balance-sheet expansion at the European Central Bank (ECB), Federal Reserve and other G4 central banks is unprecedented. The “debasement of fiat currency” has moved from being “crypto kid” language to capital markets parlance, adopted by the world’s leading strategists to encompass the decline of the purchasing power of money and fuelling the asset-price inflation across the “Everything Rally.” This spectre of wealth erosion has been a familiar dynamic across many emerging markets, of course, since World War II, where investors and savers have lived with the threat of their wealth disappearing. These conditions have now come to developed markets since the Great Corona Recession, where policy makers can leverage the tools already developed and tested since the Great Financial Crisis — and without having to debate the political moral hazard of being seen to bail out the banks.

ITI is an emerging, markets-focused multi-asset prime broker. ITI turned bullish on bitcoin in the second quarter of last year when it became apparent across our core markets that the impact of retail investors in equity markets was a global phenomenon, rather than something limited to the U.S. equity market, as widely reported. ITI observed that, increasingly, the global population was turning to investing in markets in desperation to generate a living, rather than the “work-from-home gambling culture” that is often portrayed as fueling bitcoin.

Then, in the third quarter of last year, bitcoin began to take out the previous December 2017 peak in the currencies of Brazil, Russia, India, China and South Africa (BRICS) and other emerging markets. While U.S.-based and European observers debated the question of “will it, won’t it” break $20,000, ITI observed that for hundreds of millions of people around the world, bitcoin already had made a new high in their currencies as they scrambled to protect their savings.

Another major contributor to the adoption of bitcoin by the establishment has been the personal incentivization for asset managers, investment governance committees and corporate CFOs. Compensation drives behavior in financial markets. In December 2017, it made for stoic fiduciary responsibility to decry crypto as the vector of money-laundering and nefarious activity. This time around, however, that pendulum has swung to the other side whereby professional allocators and wealth managers need to be able to point to the safest way to access bitcoin for equity and multi-asset investment mandates.

ITI observes that bitcoin is an extension of the emerging markets investment phenomenon. It is also a manifestation of the value of the internet. And hence, it stands to reason that social media and the cult of celebrity have also been driving demand to an extent often misunderstood by traditional asset managers. In recent years, celebrity has been king, epitomised by the ascendancy of the previous U.S. president.

Bitcoin has become a necessary topic for all those tech-savvy business leaders who have harnessed the network effect to propagate their followings. Elon Musk’s Tesla announced that it had spent $1.5 billion on bitcoin in January, causing the currency to surge 17 percent in value. This news arrived just days after Musk added ‘#bitcoin’ to his Twitter profile page — only to replace it with “Dogecoin” shortly thereafter, which heightened the volatility for several days. Tesla also acknowledged future plans to accept bitcoin as payment for its products, which, quite significantly, has contributed toward Bitcoin’s mainstream acceptance.

The “Celebrity” Dynamic

Michael Saylor, the CEO of MicroStrategy, is the most influential American in Bitcoin. His company, a two-decade veteran of the Nasdaq, currently holds the largest corporate allocation to bitcoin in the world.

The reason that Musk and Saylor have had such an impact on Bitcoin is because of their credentials to back up their rationales and bold positioning. Musk is one of the world’s richest people, making him a leading authority on successful endeavours. His actions have not just increased the number of retail investors looking to make a short-term fortune on the volatile digital currency, but it’s made bitcoin a far more attractive option for both corporate, institutional and traditional investors, which less than six months ago would not have gone near bitcoin.

The difference between Musk’s tongue-in-cheek backing of dogecoin and his support for bitcoin is that Tesla put its treasury reserves into bitcoin. And, in doing so, Tesla joined a long list of tech giants who have already embraced cryptocurrency: Mastercard, Home Depot, Wikipedia and AT&T all accept cryptocurrency as a form of payment, and arguably the world’s most recognizable tech brand, Microsoft, has been accepting bitcoin for use in its online Xbox store since 2014 (with a short pause).

Thus, Tesla’s acceptance of bitcoin lent more weight to the long-term success of bitcoin than any public tweet from Musk could. At the time of this writing, rumors of Apple’s introduction to the cryptocurrency space are gaining momentum.

With the economic strife and devaluation of fiat currencies caused by quantitative easing by central banks in response to the COVID-19 pandemic, it’s no surprise at all that retail and corporate investors alike are rushing to invest in bitcoin. Celebrity appraisal of this fact has, for the most part, done little more than attract even more attention to the digital currency.

This is a guest post by Stephen Kelso. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Source: Bitcoin magazine

Crypto News Updates

Bitcoin And The Separation Of Money And State

Throughout recorded history, religion and power have been inexorably linked. But Bitcoin now offers a beacon of hope.

The separation of money and state is the most important change to society ever. Why? Let’s rewind the clock and find out.

Church And State

Throughout recorded history, religion and power have been inexorably linked. The collective belief in one or more divine entities is very powerful. It enables humans to form larger groups than other primates.

Dunbar’s number represents how many people with whom one can maintain relationships. Without collective beliefs, human tribes could not have exceeded this number. Thus, civilization needs a belief system at its core. Belief systems provide human leaders with motivational tools. The introduction of ceremonial burial was one such tool. With ceremonial burial came the promise of an afterlife. This tool enabled tribal leaders to start wars with other tribes. Other primates fight each other too, of course, but outright war is a different thing. War has a supposed purpose for the collective.

Despots could now trick their subjects with the promise of a better life after this one. This gave them immense power, since they could now rally armies to further their causes. It enabled them to form nation states. Controlled territories with loyal citizens living in fear of the armed forces. Because of people’s beliefs, the divine right of the ruler became a part of their operating system. For centuries, this was the basis of governance for almost all nations. The rulers’ supposed closer connection to the gods legitimized them in the eyes of the people.

Then, the colonization of the Americas introduced a new problem for the ruling class: People from different religious backgrounds needed to band together in the new states.

Enter the ideas of English philosopher John Locke. Locke argued that the realm of individual conscience was a personal thing. Thus, the liberty of conscience had to remain protected from any government authority. Locke’s ideas had a huge influence on America’s founding fathers. Religious tolerance became the norm in the new world. Thomas Jefferson wrote that the government should “make no law respecting an establishment of religion, or prohibiting the free exercise thereof.”

These ideas made their way into the First Amendment to the U.S. Constitution. You know, the one about protecting freedom of thought and expression. Similar developments were happening throughout Europe. Today, almost all Western democracies call themselves “secular states.” Freedom of thought propelled humanity forward in unprecedented ways. Claiming that the earth revolved around the sun wasn’t a crime any more. The dogmatic thinking of the church was no longer a burden on scientific progress. The ideas of the Enlightenment had finally emerged victorious. Humanity had abandoned superstition. The elites could no longer fool people into submission with their lies. Or could they?

Money And State

The institutions of the church and the state were no longer dependent on each other, true. But religious traditions were still dictating how these states operated. The Gregorian calendar remained in use and Sundays remained somewhat sacred. So did Christian holidays like Christmas and Easter. Ceremonial burial is everywhere. An alien would most likely find the practice very odd. But most important of all, the belief in the state itself remained. For what maintains the state if not religious belief? What gives one man the right to govern another? Aren’t these notions mere remnants of an antiquated belief system?

Some of us think they are. Some of us see no difference between the allegiance to God and the justification of a government. The most powerful tool of lulling people into a specific set of beliefs that exists today is money. With the introduction of fiat currencies came a new way of controlling populations. New methods to keep them enslaved. The central bank proved to be a much more powerful entity than the church could ever be. The thought of a better life after this one could make regular people do atrocious things to each other. The thought of a better life here and now could make people do atrocious things to themselves. It enslaved them in perpetuous work, as they all strived to become rich — an impossible goal for most people.

As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world. The words “In God We Trust,” printed on every dollar bill in existence, gives a clue to how fooled we’ve been. We’re not secular. We still belong to a cult. The emperors are still naked. There’s still no such thing as divine right.

If we want to become secular, we have to separate money and state. There’s no middle ground here. People in charge of issuing currency can’t resist enriching themselves. The incentives are too strong. There’s no way around this. Never trust a piece of paper that says “In God We Trust.” There’s probably no God and definitely no “we.”

But, since 2009, we have had Bitcoin. A beacon of hope in an otherwise dark world. A peaceful way of disarming the sociopaths. A way of making violence a lot less effective. If you want your mind to be free, rid yourself of all appeals to authority. Take control of your destiny. Emancipate yourself. Don’t let anyone dictate the course of your life.


This is a guest post by Knut Svanholm. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Source: Bitcoin magazine

Crypto News Updates

Kraken CEO on Bitcoin: “It’s Going to Infinity”

In an interview with Bloomberg, Kraken CEO and founder Jesse Powell gave a perplexing prediction of Bitcoin’s future value: “When you measure it in terms of dollars, you have to think it’s going to infinity.”

Powell was quick to justify his comment by painting a future where instead of comparing Bitcoin to fiat currencies in order to determine the value of an item, prices are considered solely in Bitcoin:

I think pretty soon people are gonna start measuring the price of things in term of Bitcoin. I think the true believers will tell you that it’s going all the way to the moon, to Mars, and eventually will be the world’s currency. So we won’t be measuring the price of Bitcoin in terms of dollars, but what else you’re going to be buying with it – probably planets or other solar systems.

Certainly optimistic by most standards, Powell painted a picture of a post-fiat world, where items are valued in Bitcoin rather than government-backed currencies. 

[Bitcoins could be worth] whatever the market cap of the dollar is, the euro, all of that combined.

When pressured to give a numeric answer to Bitcoin’s future price, Powell suggested that a price target of $1 million over the next 10 years would be “reasonable”. Powell suggested that Bitcoin’s increased in price is tied to the inflation of the US dollar, as people see Bitcoin as a “safe haven asset” in the face of unreliable returns on savings accounts. Powell also spoke on Kraken’s upcoming round of investment, touching on Kraken’s valuation of $10 billion dollars, and the potential of Kraken going public in the future:

We’re certainly on track to go public, we’ve had a lot of inbound interest in financing, in people buying shares in the company. Personally, I think $10 billion dollars is a low valuation – I wouldn’t be interested in selling shares at that price.

Ending off the interview, Powell expressed sentiments that seemingly concur with the recent attitude of cryptocurrency enthusiasts: 

I’m a long term holder. There’s no reason to sell Bitcoin, and I think a lot of other people are just waiting to buy the dip, these ‘hodlers of last resort’.

There are a lot of weak hands out there, they come in, they day trade, they don’t really understand the fundamentals of Bitcoin, but I think there are enough people out there see that Bitcoin is the future and are holding long term.

Source: Bitcoinist News

Crypto News Updates

Sports And Entertainment Centric Token Chiliz CHZ Added To The Growing List Of Coins On OKEx

Sports and entertainment are one of those industries that were hit hard by the pandemic, but fan-focused collectibles offered as crypto assets called NFTs have supplied them the much needed recovery in terms of revenue and resurgence of interest. This booming trend has exploded across mainstream media, and to meet the growing demand from customers across the globe, OKEx has listed Chiliz’s CHZ token for spot trading on the popular cryptocurrency trading platform.

Leading Crypto Trading Platform OKEx Lists CHZ To Support Sports And Entertainment

OKEx is keen on staying many steps ahead of the current ongoing trend. This is evident by the platform’s commitment to be amongst the first to introduce innovative DeFi projects and other niches within the blockchain space. As a result, OKEx has opened deposits for Chiliz’s CHZ token starting March 3, with spot trading and withdrawals going live shortly after that. 

“Chiliz has uncovered another key use case for blockchain technology showing how the sports and entertainment industries can adapt to an increasingly digital world and create new revenue streams beyond traditional sources,” commented OKEx CEO Jay Hao.

Hao says the company couldn’t be more happy to support the initiative, continuing that fans adopting cryptocurrencies could help propel the asset class into the “mainstream” – and it has as of late.

Half A Million Downloads By Fans And Climbing: Why CHZ Is The Hottest Crypto Token Around

With restrictions still taking some of the thrills out of spectator sports and other forms of live entertainment, these industries have struggled to maintain revenue to the detriment of fan engagement. Chiliz’s platform, launched in 2018, helps clubs and franchises serve fans, bolster engagement, and generate new lucrative revenue streams.

More than 20 major sporting and eSport organizations have developed Fan Tokens through in an attempt to digitally monetize each brand’s loyal global fanbase, ranging from FC Barcelona to Paris Saint-German, AC Milan to Team Heretics, and many more.

With more than half a million downloads from supportive fans around the world, Fan Tokens helped generate $30 million in revenue for and its partners in 2020. And with fan-focused tokens becoming the hottest trend in crypto, 2021 is set to be even more profitable for partners. 

OKEx Is Giving Fans Over $150,000 In Fan Tokens At CHZ Listing Debut 

To celebrate the listing of CHZ, OKEx will issue $150,000 USD worth of Fan Tokens in a CHZ community giveaway. The giveaway phase started on March 3 when CHZ deposits went live and remains active until March 10 at 7:00 AM UTC.

Users are already eligible to win the lucky draw for one of two massive prize pools consisting of $75,000 each, as well as an additional $10,000 in CHZ rewards available through referrals, by simply depositing or trading CHZ.

For a full list of official rules, visit the official giveaway landing page on OKEx.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Source: Bitcoinist News

Crypto News Updates

In Life And In Bitcoin, Organization Makes A Winner

Bitcoiners organize themselves to their most organic state with a level of freedom that could only have been dreamt of until now.

“How do you think the Romans kicked everyone’s ass, for nearly a thousand years?” 

-Michael Saylor, “The Saylor Series” Episode Five

Bitcoin shall experience an organizational renaissance not yet seen in the space. As we approach new levels of adoption and usage, we will naturally form groups, categories and units. The structure of our operations and expansion will, of course, be decentralized in origin. But while these organizational pieces will be inherently “institutional,” the actual effect they have on the network will not be restrictive. They won’t limit or control the Bitcoin network, as many of the current financial institutions act as chokepoints and limited-access custodians.

Rather, these groups will only bolster the strength of the network, as they are formed out of economic incentive and natural market forces, rather than politics, as so much of the current financial system is. They will represent a diversity of people natural to an open-source, unbiased computer program.

In a Bitcoin world, decisions are not made on the basis of who you know or where you come from, but on what you know and how you got here.

“When they put their petty differences aside… they beat everybody else.”

-Michael Saylor, “The Saylor Series”

I don’t see too many petty differences in the Bitcoin community. Some would argue the opposite, but I think taking a broader perspective will present one with a well-communicated, intricately-interconnected network. What appear as memes and meta-jokes can be interpreted as a social group operating on the language of the internet; the recent events surrounding GameStop demonstrate the efficacy of this. No longer do these comedic representations of life exist only on the fringe of reality, but as mainstream communicative media.

The organization of Bitcoin will happen at a financial-institution level, all the way down to a personal-household level. In regards to such a large paradigm shift, one can expect to experience a reorganization of every aspect of society. Just consider how society right now orients itself around money; now imagine the entire fabric and identity of that money having been absolutely changed. It is difficult to conceive of the nature of the changes, but it would be reasonable to expect them to be large.

The most interesting aspect about Bitcoiners is that, unlike the Romans, a state need not organize us. We simply organize ourselves, as economically directed, to our most organic state. Where we find our niche and skills, we find economic reward, and in a society founded upon sound money, this reward compels further pursuit of passion. Freedom on this level could only have been dreamt of by Libertarians past — the Founding Fathers themselves could not have foreseen it.

How lucky we are to experience it. And what a wondrous reward: the scarcest money ever known to man. The price of a bitcoin is misleading — the value of Bitcoin the network is entirely unknowable. As anyone who understands Bitcoin may simply tell you, it is the value of everything.

Having such a coveted reward in front of us, we should feel a desire and necessity to organize. It will bolster the network’s defenses, foster community and promote growth and excellence within the space.

When I first encountered Bitcoin in my early teenage years, there was naught but a fringe community of internet forums surrounding it. It wasn’t until an entire community had been built, creating the social fabric of a network that was necessary to draw more attraction and attention to it, that I would begin to find interest in Bitcoin. You see, much like many other things in this world, formulation of groups and coalescing of peoples attracts more people. We naturally are compelled to join what others deemed interesting enough to examine.

So, it is of the utmost importance that we continue to grow our organizational networks, as well as polish these organizations into intriguing and intellectually stimulating harbors of knowledge.

Indeed, Bitcoin is better shared with others.

This is a guest post by Casey. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Source: Bitcoin magazine

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How Paradox Group is helping DeFi

Created in 2018, The Paradox Group is the current number one blockchain advertisement agency in the UK. The purpose of the company is to offer high-quality marketing services, geared towards crypto entrepreneurs and established companies in the crypto and fintech industries. Projects in Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), recent innovations in the crypto sphere, are currently among the top priorities of the Paradox Group.

What is DeFi?

Thanks to smart contract technology, introduced with the release of Ethereum back in 2015, the crypto space flourished with new possibilities and potential applications. Many innovations in financial technology followed, but none can compare with DeFi.

DeFi, also known as decentralized finance, offers the same services as traditional finance. This includes crypto-backed loans, savings through yield farming protocols, or even insurance services. The only difference is that the services are decentralized, meaning there aren’t any banks or financial institutions acting as middlemen. The financial services are provided by decentralized platforms in a transparent and cost-effective manner.

Decentralized exchanges (DEX) are an excellent example for illustrating how DeFi works. Unlike all the major centralized exchanges, which act as intermediaries whenever any crypto asset is bought or sold, in DEX the network is peer-to-peer, meaning that traders buy and sell from each other directly.

Crypto advertisement challenges

Mainstream media occasionally covers crypto, mostly when Bitcoin’s value reaches new all-time highs. But lack of coverage from mainstream media is not the real issue, the problem is that that crypto advertisement is banned from all the major social media platforms Facebook, Twitter, Reddit, Youtube, and mainstream advertising networks like Google Adsense, have all established strict bans on crypto ads

One of the main reasons for the bans was due to a hectic market that saw many low-quality projects. While the market has since then matured, its past still crippled legitimate crypto projects who now have a harder time receiving the necessary funding to drive the industry forward.

Paradox solves that issue

Paradox’s aim is to bridge this gap in blockchain advertisement, connecting projects in need of marketing with well-established companies in the crypto space. With several successful campaigns in its record, Paradox is the one-stop-shop for DeFi and crypto projects looking to get their name out there

There is a wide range of available services and flexible options. Customers can choose to work directly with Paradox, counting on the expertise and know-how of the team to design tailor-made marketing campaigns, which are sure to offer the best long-term results.

Paradox also has its own marketplace, where it is possible to buy multiple marketing packages and services such as banners, press releases, sponsored articles and reviews, email marketing, and customizable Cost per thousand (CPM) and Cost per click (CPC) options.

Once you choose a product, you can count on advanced tracking software to offer live results. This will be an invaluable tool to allow any tweaks to be made on the spot. There will also be a personal account manager allocated specifically to you to offer support.

Partnerships and client base

These services are provided by many prominent publishers in the crypto space. The list of partnerships is one of the strong points of Paradox and includes major companies such as Cryptocompare, NewsBTC, Bitcoinist, CryptoSlate, CoinGecko, Coinmarketcap, and many others. These publishers are among the biggest in the industry and are responsible for over 100 million monthly impressions.

But if there are still any doubts about Paradox, the quality of its services is perhaps best reflected by its long list of high-profile clients. From DeFi platforms to casinos, exchanges to brokerages, and asset managers, many projects from different fields of Fintech have already used Paradox services. Among its most renowned clients are eToro, Nexo,, and Diginex.

Use Paradox to help grow your DeFi projet

The Paradox Group is constantly networking and looking to expand its list of partnerships and clientele. It has a proven track record, having successfully run thousands of advertisement campaigns, and offers some of the best return on investment and Click-through rates (CTR) in the industry. This makes it the company to look for if you want to take your DeFi project to the next level.

The expertise of the Paradox team and capacity to apply traditional marketing strategies to a newer industry such as crypto, coupled with the quality of its publishers, will surely help your product or service reach the right audience. Register and try out the exposure calculator, which will give you an estimate of how many impressions you can get on your investment.


Source: Bitcoinist News

Crypto News Updates

Coinsbit Has Launched A Unique Bitcoin Staking Pool With A Super High Rate As It Marks Its 3rd Anniversary

To celebrate the exchange’s 3rd anniversary, the Coinsbit team has announced a range of exclusive promotions to thank users for their loyalty and trust. As one of the key activities scheduled for the celebration, the team plans to award 30 bitcoins to lucky participants. Nothing like this has ever been done in the history of cryptocurrency, so this is a once-in-a-lifetime opportunity.

The promotion kicked off on March 1 and will continue for the next three months. The team has particularly opened a Bitcoin Staking pool at 3% per month. It is a safe and proven means that will allow bitcoin holders to increase their balance without the volatility of the market.

Additionally, users will have the opportunity to earn more during the 15 mini-IEOs that are scheduled. Given that participants in previous IEOs held on the exchange saw considerable gains on their investment, it is a real opportunity for everyone to grow their capital. Prospective participants should follow the official social media accounts of the exchange to get all the latest information regarding this exclusive offer.

But that’s not all. As you are well informed, the exchange has its marketplace named Coinsbit Store. In this marketplace, you can purchase different devices, like smartphones, headphones, tablets, laptops and more using cryptocurrencies. You can also transact with just a click from any part of the world on suitable terms. So, as part of the commemoration of the 3rd anniversary, the exchange team promises explicit bonuses to whosoever participates and buys the most on the Store. For example, you can win holiday vacation to the Maldives, an iPhone 12 Max Pro and MacBook Pro.

Also, the representatives of the exchange were happy to announce the opening of BTCU trading. Trading will start at the beginning of May. Other popular cryptocurrency exchanges like Liquid, Probit, Yobit, Biki, P2Pb2b, LocalTrade, Folgory, Bitforex, BiOne and LBank have also listed the coin.

That’s not the end, the decentralized cryptocurrency trading platform (DEX) Coinsbit will be initiated soon. On this new platform, you can make transactions without you becoming a member. Users simply need to synchronize their crypto wallet and start trading.

#bitcoin #exchange

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Source: Bitcoinist News

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Metis | Enabling Web 3.0 Through Easy-to-Use Layer 2 Next Generation Framework

The next generation of web platforms is beginning to emerge, as the explosion in demand for DeFi projects demonstrates. Unfortunately, as the high gas fees and scaling issues plaguing Ethereum have shown, there are currently limitations to innovation and adoption. The technology behind Metis, however, enables a true breakthrough in blockchain business operations, allowing companies to easily launch decentralized companies with a full suite of management and community governance tools. Through the Layer 2 framework, Metis will act as the missing puzzle piece in ushering in the age of Web 3.0. 

Here’s everything you need to know about Metis and how it will revolutionize the blockchain industry. 

Learning The Difference Between Layer 1 and Layer 2 Blockchain Technology

Long before a contractor can begin building walls or start laying tile, they must first build a strong foundation that can support the structure for decades to come. The more ambitious the project, the stronger that foundation needs to be to support what’s built on top of it currently and anything added in the future. 

Think of Layer 1 technologies as that foundation. Much of the crypto universe is built on Ethereum, including most of DeFi. However, the platform’s popularity, combined with a lack of ability to scale, has left decentralized applications difficult to use due to high ETH gas fees. 

The costs have begun to hinder innovation and force developers to consider other blockchains and avoid using the platform altogether. 

Fortunately, there are solutions to this today, as Vitalik mentioned, “Rollups,” which can significantly improve the scalability, lower the cost, and enable more functions to be built on top of it. Optimistic Rollups, for example, are layer two constructions that enable running smart contracts at scale while still being secured by Ethereum. These constructions resemble Plasma, but trade it’s almost infinite scalability to run an EVM compatible Virtual Machine called OVM (Optimistic Virtual Machine) which enables ORs to run anything Ethereum can.

By hard-forking Optimistic Rollups and tailoring for managing a virtual entity, Metis enables the streamlined building of decentralized companies, building trust among distrusted community members, and managing all the collaborations(business activities) via blockchain-based tools. 

Metis and other Layer 2 technologies can be thought of as the framing built on top of the foundation that can correct many of the limitations of the foundational Layer 1. With a strong foundation laid down, and a proper framework in place, innovators can begin to build the future of Web 3.0 before our eyes. 

More About Metis Protocol Powering The Future of Web 3.0

Metis is a disruptive Layer 2 blockchain technology aiming to enable Web 3.0 to flourish. Using the Metis protocol, anyone can create a decentralized company in just three easy steps. 

To begin, simply visit the Metis app and input the DAC name, logo, and description; stake Metis tokens to activate, and within a few clicks, a fully autonomous, decentralized company can be launched. 

Using the Metis toolset, decentralized companies can manage their community, create incentivized tasks, build a community-based knowledge base, perform accounting, and much more at an extremely low operational cost. 

Developers and entrepreneurs can innovate without limitation, creating the future of Web 3.0 consisting of Dapps, sharing and gig economies, volunteer networks, open-source projects, etc. 

Metis is launching its own mainnet in 2021, which will further improve scalability. To learn more or leverage state-of-the-art blockchain-based tools for the streamlined creation of decentralized companies and stay updated regarding the upcoming token airdrop and public sale, visit the Metis website


Source: Bitcoinist News