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Crypto News Updates

NFT Game Chainbinders by Doki Doki Raised $5 Million in Under Two Hours

The Chainbinders game based on a liquid NFT economy has attracted over $5 million in investments over the first two hours of its liquidity generation event. A total of $3.8 million equivalent in the game’s native BND utility tokens were sold in under 15 minutes. The project found immense success among crypto users as the team managed to raise $6,2 on the first day of the LGE due to the project’s high production quality, innovative game-theory mechanics, and a hyper-deflationary tokenomics model.


Chainbinders is the latest NFT product by Doki Doki DeGacha inspired by the popular Japanese Gachapon ( ガチャポン), where players receive random collectibles from vending machines. Roy Blackstone, Creative Director at Doki Doki, explained that Chainbinders combines the elements of game theory, art collecting, gacha, and anime. He added:

“At its core though, Chainbinders is an NFT game experience the likes of which has never been experienced before, and likely never will be experienced again. We’re creating original IP and characters (a massive cast of 15 of them!), giving them each their own backgrounds, lore, stories, motivations, and then gamifying them on the marketplace with some clever token mechanics to make sure these NFT’s have instant liquidity and actual value.”

The game is a post-apocalyptic metaverse with 15 unique characters called Chainbinders, who acquire mystical powers that have allowed them to survive after chaos gripped their homeworld. The Chainbinders seek their collectors – individuals with the ability to restore the characters to their full strength. More than 50 people ranging from artists, writers, musicians, and blockchain developers are said to be involved in the production of Chainbinders.

Players will be able to use the native BND utility tokens for rolling in-game Chainbinders Gacha – online vending machines. The BND tokens used for each roll are permanently burned as part of the token’s hyper-deflationary economy. Such an approach is intended to ultimately reduce the amount of BND in circulation after launch, increasing their end-value for players.

Each Chainbinders Gacha offers players a choice of over 100 cards of in-game universe items and characters, with 15 of them being Legendary-level Chainbinders of extreme rarity. The limited card quantities, roles, backstories, items, extensive lore, and abilities of each Chainbinder make them highly sought-after characters, and players have the ability to further augment them using more than 100 of the unique artifacts and items attributable to each.

A percentage of total liquidity pool reserves maintains the value of all Chainbinders cards with the rarity of each raising its percentage proportionally. The token economy also includes novel token-burning mechanisms that activate on-demand liquidity for each of the NFTs, allowing players to burn their tokens or instant value and receive 85% of money spent back. The irreversible nature of the process decreases the total quantity of tokens in circulation, thus generating greater returns for holders in the future.

The LGE will continue under May 1, with all BND tokens to be made accessible to players in-game immediately afterward.


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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Crypto News Updates

DeFi Is Changing: And It’s for the Better

As the term suggests, decentralized finance is the rapidly growing field of decentralized financial tools and platforms — many of which provide access to crucial services that are scarcely available in many regions. As a rapidly growing industry, the DeFi landscape is iterating at a pace that few can keep up with — with increasingly novel applications and products seemingly emerging on a daily basis.  But amidst the mania, several trends are beginning to emerge in the DeFi space, which looks likely to set the tone of what lies ahead. 


Real-World Value

Until only recently, decentralized finance was the domain of cryptocurrencies and tokens (both fungible and non-fungible). Beyond simple links to the world of traditional finance (TradFi) through oracle services and fiat to cryptocurrency gateways, there was little connection between DeFi and TradFi.  But that’s beginning to change as a number of promising upstarts look to bridge the two financial spheres to produce a range of ever-more capable DeFi applications. 

Among these, BondAppétit is emerging as an innovator. The platform offers a USD-pegged stablecoin that is backed by real-world debt instruments that generate a fixed income. The stablecoin, known as Appetite USD (or USDap), is unique in that has liquidity pools supported by real cash flow — ensuring users are safe in the knowledge that their funds are backed by more than simple dollars depreciating in a custodial account somewhere. 

Though cryptocurrencies can be valuable due to their scarcity, utility, collectability, and myriad other reasons, retail investors, firms, and governments are accustomed to more traditional financial instruments. By bridging these to the blockchain through a range of novel DeFi applications, we may open it up to more legacy financial players — which have the capabilities to help it expand to the masses. 

Composability in DeFi

Composability has become somewhat of a buzzword lately. Without getting into too much detail, it’s the property that allows different DeFi applications, products, tools, and services to be connected to form more elaborate application networks — which can achieve more than any single application operating alone. 

It’s also becoming a major focus of both newer and established DeFi applications, which look to stack with other applications to offer additional functionality to users and explore increasingly innovative use cases. Being decentralized, users can leverage the capabilities of multiple DeFi applications in tandem to do more with their cryptocurrencies — maximizing their yields, boosting security, and managing their assets in ways that were previously not possible. 

Because of this, DeFi is becoming more like world traditional finance services, in that using one service (e.g. PayPal) automatically opens access to dozens of others — such as e-commerce, personal payments, online insurance services, and more. This has the knock-on effect of both reducing exclusivity and increasing utility for users of all the services involved in a DeFi application stack.

All in all, it makes the cryptocurrency industry more accessible and intuitive to get around. 

Now, there are numerous platforms building composability into their modus operandi — including Kira, a blockchain that lets users stake assets from a wide range of other blockchains; and Premia — a platform that allows users to create and trade options for a range of supported cryptocurrencies as Lego-like ERC1155 tokens, which can be used in external DeFi apps. 

Security Is Coming into Focus

The cryptocurrency industry is built on the premise of security and self-sovereignty above all else — it’s the reason why cryptocurrencies like Bitcoin (BTC), Monero (XMR), and Terra (LUNA) have achieved such astounding success. 

But though the technicalities of keeping a blockchain secure largely rely on the strength in numbers approach offered by battle-tested consensus mechanisms like Proof-of-Work (POW) and Proof-of-Stake (POS), the security of DeFi applications also relies on the integrity of the underlying code — which can vary considerably in its scope and effectiveness. 

Audit reports are a simple way to gauge the safety of a DeFi protocol. (Image: Certik)

Audit reports are a simple way to gauge the safety of a DeFi protocol. (Image: Certik)

As a result of this variability, a number of poorly secured DeFi applications have been exploited in the last six months, including PAID Network, Dodo, and Pickle Finance — all of which suffered multi-million dollar losses as a result. The culprit? Poor code (in most cases). 

However, for the industry to grow stronger, an example must always be made of platforms that don’t go far enough to secure users or their funds. The failure (and potential recovery) of these platforms then sets the tone for other innovators — who know to buckle down and prioritize security prior to launch, rather than leaving it as an afterthought. 

Thankfully, the pace of such attacks has slowed markedly in 2021, as users demand proper code review, extensive security audits, and real purpose before using new applications. 

Source: Bitcoinist News

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Crypto News Updates

Unicly To Allow Users To Combine, Fractionalize, And Trade NFTs With Guaranteed Liquidity

Capitalizing on blockchain technology, Unicly is deploying a novel protocol to fractionalize and pool liquidity for NFTs, allowing users to own portions of collections and resell them as fungible tokens.


A New Means To Combine And Split NFT Collections

Interest in NFTs has skyrocketed over the last few months, increasing the overall NFT market capitalization to more than $430 million. Several renowned personalities, including artists, performers, and content creators, are embracing this new way of monetizing their creations, collectibles, and artworks.

Although non-fungible token auctions have surpassed seven-figure bids, it isn’t accessible to a larger audience due to the rising costs of ownership. NFTs come in several different forms and representations with different values and varied demand levels, making it complicated to match buyers and sellers. Also, the fact that there can only be one of each NFT makes it considerably less liquid than fungible tokens. 

To overcome the drawbacks and make non-fungible tokens easily accessible for all, 0xLeia, the pseudonymous founder behind Unicly, has developed a unique protocol to combine, fractionalize, and trade NFTs with guaranteed liquidity. 

Unicly Redefines Ownership of NFTs

Unicly’s self-funded project implements sharding, a method of splitting large tables into smaller bits (shards) to ensure different sections of the current blockchain network. This methodology improves transaction speeds and adds scalability, allowing users to own portions of any set of NFTs and sell this fractional ownership as fungible tokens.

Unicly is an open, decentralized, and community-governed platform where NFTs meet DeFi. The platform’s new protocol enables the sharding of collections containing multiple NFTs using Ethereum ERC-721 and ERC-1155 standards. Every non-fungible token within a sharded collection will be treated as equal, unique, and irreplaceable items. 

Anyone with NFTs can create their uToken, representing a collection or bundle of NFTs. After the respective NFTs are deposited and locked into the smart contract, the owner of the uToken adds liquidity and the percentage of uTokens needed to unlock the NFTs. Once the preset percentage value is met, the NFTs are opened for bidding.

Solving The Significant NFT Liquidity Problem

Real-time market liquidity is one of the biggest problems surrounding the NFT ecosystem. Unicly’s novel protocol, built on top of previous attempts at fractionalized NFTs, delivers the long-awaited solution. Unicswap, its unique AMM DEX version of the famous Uniswap protocol,  will allow users to create their uToken collection, assign liquidity to the uTokens, and mine UNIC tokens through the UnicFarm liquidity pooling.

Since Unicly launched its mainnet a few days ago, the platform has become a hot topic in the blockchain ecosystem. Recent figures indicate that Unicly has already attracted $3.5 million liquidity for whitelisted pools in just four days. 

Additionally, the 24-hour volume of more than a million dollars places Unicly in direct competition with platforms like SuperRare, Rarible, and KnownOrigin. Since passing a major milestone in just days, Unicly’s overall capitalization of NFTs listed on its platform has now exceeded $20 million.

Backed by other major non-fungible token projects such as Animoca, Aavegotchi, and Sandbox, Unicly solves the liquidity problem of matching individual buyers and sellers by allowing uToken holders to vote and decide if they want to sell an NFT. 

The proceeds from the sale are then shared equally among all uToken holders. It eliminates incentives for NFT collections to depreciate through selective inventory churning while rewarding the best NFT collections through whitelisting, allowing the liquidity pool to mine the UNIC governance token.

With this potential in mind, several globally acclaimed collections have already joined the platform. Collections like uMask experienced rapid growth after NFTs were listed on the platform. Following an initial figure of $1 million, this collection of 85 Hashmasks saw its value rise 16-fold. 

Other popular brands and personalities already associated with Unicly include the award-winning national geographic photographer Chris McCann, who exhibits his uCM collection, and collections from DokiDoki, MoonCats, WAIFU, and the Nubians.


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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Crypto News Updates

Top Blockchain “Easter Egg” Projects to Look Out For

The crypto market has been experiencing an unparalleled amount of growth over the course of the last few months, as is best highlighted by the fact that since the start of 2021, the total amount of money that has made its way into the blockchain space has increased from around $760 billion to a whopping $1.95 trillion, thereby showcasing a growth of over 2.x.

However, despite this meteoric rise, there are still a number of quality projects that have continued to fly under the radar for one reason or the other. These platforms not only feature an amazing value proposition but also come laden with exciting technical frameworks, making them prime candidates for continued adoption as well as exponential monetary growth in the near future. So without any further ado, let’s take a look at some of the most underrated projects in the market today.


Superfarm 

Best thought of as a cross-chain DeFi platform that helps convert any crypto-asset into a Non-Fungible Token (NFT), Superfarm is unique in the sense that it allows users to deploy NFT farms without them having to know anything about coding or other technical matters related to this space.  In this regard, one can see that within just a few month’s time, the NFT market has grown quite exponentially in value, with some experts projecting its total cap to currently be in excess of the $1 billion mark.

Lastly, from the outside looking in, it appears as though SuperFarm is looking to tap into the global gamer market, which is currently touted to be 2.6 billion strong. It also bears mentioning the company has entered into a partnership with Animoca Brands, a prominent video game developer/publisher, that has helped create a number of popular NFT-centric crypto gaming titles such as F1® Delta Time, and the Tower Franchise.

Terra Virtua

In its most basic sense, Terra Virtua can be thought of as a blockchain-based digital collectibles platform that allows users to deploy various AR/VR-based features as well as provides them with a range of unique social, gaming, and creative experiences. The project has been gaining a decent amount of traction since the start of the year, with Binance announcing its decision to launch Terra Virtua (TVK) trading by offering users the TVK/BTC and TVK/BUSD pairs.

GoodDollar

With 1.7 billion people unbanked and living outside the formal financial system, GoodDollar is on a mission to stop an inequality gap from forming in the digital asset space. Led by the team at eToro, and Anna Stone, GoodDollar is primed to be one of the projects that continues to push the blockchain space forward.

So far, over 50,000 have been claiming their GoodDollar universal basic income (UBI) in 180+ countries. They’re definitely one to keep an eye on, especially if you have a soft spot for financial inclusion and projects that are oriented towards making massive social impact.  

ethbox

In its most basic sense, ethbox can be envisioned as being a smart contract-based escrow platform that users can employ in order to transfer ETH in a highly safe and secure manner. Thanks to its completely trustless design, the platform is able to deliver a high level of transparency, and accessibility all while allowing users to minimize the possibility of any transaction errors. 

Another core aspect of ethbox is that it utilizes an intermediary smart contract to facilitate customer transactions. In this regard, the contract holds on to any funds while it verifies the details of the recipient and sender, making sure that the wallet address inputted by the sender always matches the details of the intended recipient.

Pylon

Pylon is an interesting crypto project that allows users to not only invest in the ever-evolving DeFi market but also enables them to mine ETH. In this vein, it should be pointed out that the company currently boasts of one of the largest Ether mining operations in the United States today.

Also, it bears pointing out that Grim Reaper, the pseudonymous creator of Pylon.finance, believes that the upcoming Ethereum Improvement Proposal (EIP 1559) — which seeks to cut miner reward ratios by 50% — may not be the best way to mitigate the platform’s existing gas fee/congestion issues and that he is ready to embrace whatever decision the ETH dev team takes, even transitioning to mining other tokens when Ether finally switches over to a Proof-of-Stake structure.

Orbs

It is no secret that up until now most liquidity pools have required users to provide asset backing on both tokens that they may be using as pairs (i.e. USDT and ETH). However, with Orbs, users can simply provide liquidity for one pair, while someone takes care of the other pair, thereby minimizing risks related to impermanent loss. For example, one user can supply USDC to a particular pool while another individual can supply ETH, all while allowing both users to reap yields that match their expectations. This type of innovation is what makes Orbs an Easter Egg project to keep your eye on. 

Additionally, Orbs has been listed on top exchanges like KuCoin, FTX, and more lately which ultimately stabilizes their entire network as a PoS system. 

CVI

Crypto VIX is a first-of-its-kind index that tracks the volatility of the crypto market. Not only that, it also doubles up as a DeFi platform that provides traders with a set of advanced tools. The platform comes replete with its very own governance token — called GOVI — which participants can use to vote on the structure of the index as well as on the platform’s fee-sharing structure. That being said, probably the core benefit of owning GOVI is that it allows participants to get rewarded for contributing liquidity to the CVI ecosystem. 

KIWIE

A relatively lesser-known NFT project when compared with its contemporaries, KIWIE is the brainchild of a Latvian street artist who goes by the same name. He is currently on a mission to go around the world and spray paint his famous ‘Fat Monster’ character across 1001 unique locations globally and minting a geo-tagged NFT for each of these separate creations. The first batch of 6 NFT’s will list on Rarible come April 13th. 


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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Crypto News Updates

Raze Network Kicks Off Initial DEX Offering on Bounce, Poolz and DuckStarter

$RAZE is designed as a utility token to represent participation and accelerate growth in the Raze Network ecosystem

Raze Network, a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem, is set to launch its Initial DEX Offering (IDO). Starting today, on April 12, the public fundraising will take place on Bounce, Poolz, and DuckStarter, followed by a public distribution sale on Balancer Liquidity Bootstrapping Pool.


The upcoming IDO caps off a private sale round that was participated by prominent blockchain and crypto VC firms such as Master Ventures, X21 Digital, AU21 Capital, Spark Digital Capital, Signum Capital, AngelONE, Kyros Ventures, MarketAcross, Arpa Labs, Lotus Capital, Tenzor Capital, and Block Dream Fund.

Raze Network is one of the projects looking to provide a privacy-preserving infrastructure for Dapps built on Polkadot. In total, the company has raised $2.2 million in its seed and private funding rounds.

The triple IDO comes as Raze Network is pursuing even larger ambitions beyond its original aim of building a cross-chain privacy middleware for DeFi and Web3.0. Leveraging the Polkadot ecosystem, the protocol-based solution is reconstructing the privacy layer for the current crypto sphere, something worth keeping tabs on.

The platform is also a cross-chain solution, which can bring a high degree of privacy and data access patterns to other ecosystems such as Ethereum and help users interact with DeFi applications without exiting their original interface. 

Ultimately, this can lead to more secure crypto transactions, trading, mining, as well as removing trusted intermediaries from relevant swaps across all substrate-based blockchains. 

More use cases would be added

While the privacy narrative got lost somewhere among all these functions, Raze Network is working in that regard on the Polkadot ecosystem. Most recently, it developed a cross-chain private payment protocol to provide DeFi users with both safe and private financial transactions.

Raze Network has also unveiled a ‘Secret DeFi Bridge,’ which allows users to run their confidential data in an isolated and private environment. This covers their trading history, mining of RAZE tokens, as well as access to liquidity pools.

$RAZE is designed as a utility token to represent participation and accelerate growth in the Raze Network ecosystem. With the launch now imminent, Raze Network could soon expand to multiple initiatives in order to solidify its position in targeted markets. The company’s recent developments and partnerships have been getting rave reviews from industry publications.   

More use cases would be added to and unveiled on the network as it grows to serve the whole Polkadot ecosystem. While the broader world of blockchain is still struggling to prove relevant technologies are more than hype, Raze Network plans to eventually expand its model to real-world applications and general internet users. 


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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Crypto News Updates

Over 70% of US investors looking to DeFi in 2021

If participating in DeFi doesn’t make you feel like standing at the gates of disruption, just waiting for someone to turn around the key, you’re likely doing it wrong. 

To contextualize the changes in DeFi over the last year, it is essential to recap that, just one year ago, in April of 2020, the now $51 Billion of value locked in DeFi protocols reached an All-Time-High of a “mere” 700 million. Because of this, it should be no surprise that, according to a recent survey, as many as 72% of US and 60% of UK’s accredited investors aim to utilize DeFi over the coming year. 


Changing times, booming industries

Value locked isn’t the only thing that has changed in DeFi. Thanks to the growing interest in these protocols, the supply of stablecoins in the crypto market has grown beyond $26 billion, Polkadot’s network has witnessed a 44% increase in developer activity, and the traffic of Ethereum’s network has grown to critical heights, soaring beyond the imaginable. 

According to EQIFi’s Chairman, Jason Blick, the way institutions and governments think about these instruments has also changed. Jason tells us:

“Bank of America analyst Francisco Blanch recently claimed that “DeFi is the most fundamental challenge to modern finance that we’ve encountered. He’s 100% right.”

Is DeFi ready to meet 70% of all American investors?

Jason, and many others, know the data well enough to be excited about 2021 becoming just as big as 2020 in History books. As Chairman of a fully-regulated bank that offers access to cryptocurrencies and DeFi instruments to high-net-worth individuals and companies (two sectors left behind by mainstream crypto adoption), he exhibits a calming certainty. Jason also thinks that those not following EQIFi’s example of providing customers with regulated access to DeFi will suffer in the future.

As he says, “The future of finance, especially for traditional centralized institutions, will be determined by how they deal with the challenge of DeFi. They can choose to embrace it, modernize their systems and the fundamentals of how they run their business, or they can fall by the wayside. It’s as simple as that.”

Indeed, the stars seem to be aligned for DeFi’s second great wave to take the world by storm. Almost in agreement, crypto users (and those waiting on the sidelines) seem to wait for the final piece of the puzzle to roll up the curtains. 

Ethereum 2.0: The great disruptor

Despite the recent interest in alternative chains, Ethereum continues to be the network of choice of DeFi protocols. There, however, has been controversy on the increasing congestion of the ETH network, as we mentioned above. In fact, this excess traffic has caused transaction costs to rise to near-three-figure sums, making DeFi too costly to operate for average retail investors. 

Ethereum’s founder, Vitalik Buterin, has recently commented on the complex changes that the Ethereum Foundation aims to implement to increase significantly the number of transactions that ETH can process without affecting its security. He also expressed his interest in keeping the chain decentralized. Since Ethereum aims to scale to become a “worldwide, decentralized supercomputer”, these changes are critical for the network to withstand the subsequent computational requirements. 

However, the good news is that, after a criticized waiting period, Ethereum 2.0 is now on track to debut in the near future. If 70% of America’s accredited investors and 60% of those in the UK are looking to get into DeFi (either directly, through a bank, or a crypto exchange), they’ll be met by growing innovation, more efficient chains, and, maybe, a smiling “I told you so” from the crypto community. 


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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Crypto News Updates

eToro appoints Dr. Hedva Ber, Israel’s former Banking Supervisor, as Deputy CEO and Global COO

April 6, 2021 – Global multi-asset investment platform eToro, today announces the appointment of Dr. Hedva Ber as Deputy CEO and Global Chief Operating Officer (COO). Dr. Ber will lead eToro’s operational infrastructure, corporate governance, compliance and regulatory affairs, legal, risk management, and social responsibility. 


Dr. Ber has more than 25 years of experience across the banking and finance industry. Between 2015 and 2020 Dr. Ber served as Israel’s Supervisor of Banks where she actively promoted the digital transformation and the implementation of innovation and technological changes in the banking and payment sectors. Prior to that, she held several senior roles at Bank Leumi, the last being Chief Risk Officer. 

From 2005 to 2008 Dr. Ber represented the State of Israel on the Board of Directors of the European Bank for Reconstruction and Development (EBRD) in London. She received her Ph.D. in Economics from the Hebrew University in Jerusalem. Dr. Ber is considered to be one of Israel’s leading and influential economists who have driven significant changes in the banking sector.  

Yoni Assia, eToro Co-Founder and CEO said: “I am delighted to announce the appointment of Dr. Ber as eToro’s Deputy CEO and Global COO. Dr. Ber joined us as a consultant earlier this year and I’m thrilled that she has become a permanent, full time member of eToro’s senior leadership team. Dr. Ber brings with her invaluable experience across regulation, corporate governance and risk management. eToro has always placed a strong focus on providing the very best experience to our clients while rigorously adhering to global regulations and applying the highest standards of operational excellence. Under Hedva’s leadership, eToro will remain at the forefront of best practice as we scale the business.”  

Dr. Hedva Ber, eToro Deputy CEO and Global COO said: “As someone from the traditional banking industry, I chose to join eToro, an innovative leader in global fintech and a business at the forefront of the new world of investing, out of a belief in the company’s vision and management. I look forward to working with it’s employees and management, ensuring that eToro continues to operate at the highest level of regulatory standards. I look forward to overseeing the ongoing investment in the company’s operational capabilities to support its rapid growth and create value for its customers and investors.”

About eToro 

eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 20 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want. 


Disclaimer: eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, by the Financial Conduct Authority in the UK, and by the Australian Securities and Investments Commission in Australia.

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.

 

Source: Bitcoinist News

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Crypto News Updates

Bitcoin and Crypto Market Roundup For Last Week

As corporations like Visa and PayPal join Wall Street banks in expanding their crypto offerings, Ethereum is setting new all-time highs above $2K.

Prices began rising on Wednesday as the market was uplifted by crypto-themed April Fool’s pranks. The Teletubbies tweeted about Bitcoin to advertise their own imaginary cryptocurrency TubbyCoin, and long-term critic Peter Schiff briefly admitted that he was wrong about the crypto asset.

While Bitcoin wasn’t fooled, Ethereum soared as the week progressed; sparking a mega rally among smart contract platforms. TRON doubled in value, EOS rose almost 50%, and BNB increased 25%.


This Week’s Highlights

  • Visa and PayPal tighten the crypto embrace
  • Wall Street banks expand Bitcoin offerings

Visa and PayPal tighten the crypto embrace

Ethereum’s stellar performance could be credited to integrations with the biggest global payment processors.

Visa said last Monday that it will begin accepting cryptocurrency at millions of its global merchants, and will be using the Ethereum-based stablecoin US Dollar Coin (USDC), to settle transactions.

Not to be outdone, PayPal said it will also allow U.S. customers to pay online merchants using crypto, marking another key milestone in the mainstream adoption of crypto assets.

Wall Street banks expand Bitcoin offerings

Wall Street megabanks Morgan Stanley and Goldman Sachs are diving deeply into digital assets with new Bitcoin investment products.

Goldman announced plans this week to offer multiple crypto investment vehicles, citing demand from “a large contingent of clients.” Meanwhile, Morgan Stanley has said it will give a dozen of its mutual funds the ability to invest indirectly in Bitcoin.

This rapid pace of adoption on Wall Street reflects what the Chief Investment Officer of Soros Fund Management has identified as an “inflection point”, triggered by growing fears of inflation.

Week ahead

With global markets optimistic after the S&P 500 surpassed 4,000 for the first time, it is easy to imagine both Bitcoin and Ethereum soaring to new highs in the week to come.

For the moment, however, Bitcoin is still held back by selling pressure at $60K. As this level has now been tapped a handful of times, we could expect an eventual break to unleash a powerful rally upwards, adding to the bullish sentiment created by ETH finally breaking through $2K.

 

Source: Bitcoinist News

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Crypto News Updates

CLVA Minting Phase Complete, But You’re Not Too Late For Reliable ROI

CLVA, an ultra-hot crypto token from Clever DeFi with a unique minting system and even more interesting phased growth cycling process, has completed the initial minting phase and is now trading on the popular trading platforms Uniswap and P2PB2B.


Although the chance to get in at the absolute ground floor is now gone, this rocket ship hasn’t fully taken off just yet, and those who fear they’re too late still have so many more cycles of profits and growth to go.

Here’s all you need to know about CLVA and why the faster you get into the revolutionary crypto asset, the more reliable the returns become.

Clever Brings Innovative ROI To The DeFi Sector

Innovation in the cryptocurrency sector is blossoming everywhere you look, with coins all across the market exploding in valuations, bringing lucky investors sizeable returns—those who aren’t so fortunate end up buying at the top of the volatility.

As early investors have shown time and time again, even though buying the peak of price action can be painful, it doesn’t ultimately lead to losses if the asset is held long enough.

But what happens when you combine an asset with the long-term potential of Bitcoin but include a groundbreaking phased growth system where ROI becomes reliable? The answer is Clever DeFi.

CLVA Tokens Climb, But Cyclical Growth Means Reliable Returns

CLVA tokens have grown 125% from the recent low and show no signs of stopping at a current market price of $8.80 per token. The price per CLVA is set to climb throughout the broader cryptocurrency bull market due to increased demand, but there’s much more than meets the eye when it comes to ROI.

Clever DeFi, the protocol powered by CLVA tokens, has a unique 888 cycle structure where the protocol continues to distribute tokens to holders, increasing their holdings and, therefore, the return on their investment in total CLVA held.

In addition, as the price per CLVA token climbs, the added supply and then effectively amplifies returns further by bolstering ROI in USD value. There are 888 phases total, in which the protocol is only on its second cycle overall. Only 50,961 tokens were added as part of cycle 1, or an 11% increase in supply, with another 34,004 tokens and 6% slated for cycle 2.

Analytics Reveal More Annualized Growth Than Other Top Cryptocurrencies

Profits continue to compound, giving CLVA a better overall annualized return model than Bitcoin or Ethereum.

As is the case with cryptocurrencies and DeFi projects, Clever DeFi focuses heavily on transparency, so investors can rest assured what they see is what they get when it comes to the 888 cycles of CLVA growth.

All data pertaining to supply, cycles, token value, and projected anticipated returns, along with profit calculators, are offered on Clever Analytics

For anyone curious about how much they can earn in ROI, give the calculator a spin, and then pick up some CLVA tokens today.


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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Crypto News Updates

ABInvesting Trading Platform Review

Picking a reputable broker in this explosive cryptocurrency market is almost like finding a needle in the haystack. Things could go seriously wrong if the needle is wrong. Fortunately, reviews can help save users stress, aggravation, time, energy, and even money. In our latest review, we’re looking closely at the ABInvesting trading platform and all that it has to offer to the crypto trading community today. What it brings and what it has to offer in the future. If you are a cryptocurrency trader yourself, this review will clarify whether the platform is worthy of your deposit, or not. 


ABInvesting: Educating The Next Generation Of Traders Today

Let’s face it; trading is not easy. It takes skills, knowledge, and often years of experience and losses before someone can call himself/herself successful. However, that’s the primary way that ABInvesting sets itself apart from the rest of the competitors out there.

ABInvesting essentially provides novices with the equivalent to the ABCs when it comes to trading – teaching them all there is to know about markets and how to string these things together to form a tactical trading strategy that leads to profits over time.

With detailed guides, on-demand video tutorials, and much more, the trading platform has one of the most extensive educational programs ever. There are even market signals for those that need a bit more guidance on their journey.

Creating Advanced Traders From A Solid Foundation Of Skills

Those who are just beginning to build their trading skillset, or professionals both can jump into more advanced sections of the site, such as CFD trading on crypto, commodities, stocks, indices, and forex to access a total of over 350 derivatives trading instruments. 

Cryptocurrencies range from Bitcoin to Ethereum to a whole lot more. Forex currencies include all major ones as well as several highly traded exotics. Commodities range from metals to agricultural products and more. Indices include global powerhouses such as the S&P 500 and the FTSE. Individual stocks include all major corporations and publicly trading companies investors clamor for.

Accessible And Customizable International Trading Accounts For All

Four highly customizable accounts and accounts that abide by Islamic standards, are for those traders who want things to be according to the Shariah law. 11 different languages are supported across the MetaTrader 4, mobile, or web trader terminals, along with 24/5 customer support.

Also on offer is a  professional onboarding service that lets users easily upload required documents and get a personalized account set up just for them. In just a few clicks, users can begin trading markets.

With a focus on building into the trading community around it and unique features such as adhering to specific international standards, ABInvesting is the first truly accessible and welcoming trading platform.

To learn more or register for one of four customized accounts, visit ABInvesting.com.


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