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4 Emerging Crypto Projects That Should Be on Your Radar

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The following four crypto projects can be taken as examples of the exciting projects that are springing up right now.

Even if you eat, sleep, and dream crypto, it’s impossible to stay abreast of everything that’s happening in the space. Even on only four hours’ sleep a night, you’re guaranteed to wake up to over 1,000 Telegram messages, pages of crypto Twitter threads, and enough defi drama to fill a Netflix series. Ain’t nobody got time for checking all that.

Given the rate of innovation and iteration in crypto right now, it’s impossible to keep tabs on every promising new project that’s emerging. The following four provide an example of the exciting projects that are springing up right now. As this selection shows, experimentation is happening everywhere in the industry, from base layer blockchains to applications and industry-specific news aggregators. Take a deep breath and let’s dive in.

Cypherium

What Is It?

Enterprise blockchain whose BFT algorithm is based on Libra – yes, Facebook’s Libra.

What Makes It Special?

Designed to eventually support CBDCs and enterprise applications at scale. Cypherium has developed blockchain applications for seemingly everyone in tech, from Google to IBM. They’re about as well connected as it gets.

News of Note

Cypherium launched its crowdsale registration on September 9 and will be holding its public sale on September 14.

Bull Case for Cypherium

Cypherium’s blockchain, which combines PoW and the HotStuff algo used by Libra, sounds technically impressive, and should be as fast and scalable as promised. What’s more bullish about Cypherium, though, is that its developers seem intent on creating killer apps rather than simply producing a vast but empty network. If enterprise blockchain becomes a thing, Cypherium is likely to be its home.

Axioms

What Is It?

Token Issuance as a Service. Axioms is a turnkey service for creating and issuing your own token. It’s designed for businesses, crypto projects, and anyone else who’d like to create a native token but isn’t sure how.

What Makes It Special?

Axioms airdrops tokens to its existing community, enabling projects to growth hack their way to success. Tokens can be awarded to Axioms users who complete certain tasks, such as mentioning your project on social media.

News of Note

Axioms launched a Uniswap pool for its native token last week and already appears to have an active community in place.

Bull Case for Axioms

Axioms provides a whitelabel that enables businesses to earn fees from tokens that are distributed via their own branded platform. This opens the door to some intriguing possibilities: employee reward schemes, CSR campaigns, customer loyalty programs. Axioms enables businesses to tokenize without concerning themselves with smart contracts and liquidity. That’s pretty bullish.

Cryptocube

What Is It?

Crypto coaching from industry experts and an onramp to crypto trading tournaments.

What Makes It Special?

Cryptocube soft-launched this month and has some major muscle behind it including former poker pros. It’s also secured the support of an all-star selection of coaches, including leading crypto traders, marketers, and defi experts. Cryptocube aims to become the web’s leading platform for leveling up your crypto knowledge, with a particular focus on trading.

News of Note

Cryptocube has teased at news of a partnership with one or more leading exchanges. This will provide incentives for users to sign up for crypto trading competitions, which have exploded recently, both in popularity and in the size of the prizes on offer.

Bull Case for Cryptocube

If Bybit’s recent World Series of Trading event is anything to go by, crypto tournaments are about to become the new poker tournaments. That being the case, Cryptocube is primely positioned to become the onramp to this new trading vertical – and a repository of the sort of skills needed to master such events.

Hedget

What Is It?

Decentralized derivatives trading on Ethereum using the Chromia blockchain as an ETH L2.

What Makes It Special?

Hedget provides a protection layer for leveraged trading positions. The project received backing from leading VCs including FBG Capital and Alameda Research, operated by Sam Bankman-Fried of FTX.

News of Note

FTX hosted the Hedget IEO on September 4 and will list the HGET token for trading on September 13.

Bull Case for Hedget

On-chain trading has gone exponential but derivatives options are still playing catch-up. Decentralized options are a game-changer, enabling traders to pay a modest premium to protect themselves in the event of sudden price movements.

The projects emerging in 2020 are streets ahead of the crop of 2017 in terms of tokenomics, use cases, roadmap, and deliverables. Cypherium, Axioms, Cryptocube, and Hedget are just a snapshot of what’s shipping right now. Add them to your watch list and sleep on them at your peril.

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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Coin Stock Jumped 6.16% Yesterday, 2% Up Now, Coinbase Acquires Data Aggregator Zabo

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Founded back in 2018, Zabo provides developers with an application programming interface (API) to connect to any cryptocurrency exchange, digital wallet, protocol, or account seamlessly.

Coinbase Global Inc (NASDAQ: COIN) stock closed Wednesday trading at $224.36, 6.16% higher than the opening price. However, COIN stock had retracted approximately 1.66% during today’s premarket trading session before gaining 2% when the market opened today. Although several factors contributed to yesterday’s pop, among them is the announcement of the Zabo acquisition. Notably, Coinbase announced the strategic acquisition of Zabo, however, it did not disclose the transaction details. As a result of the acquisition, Zabo’ score team comprising up to 10 members will be joining Coinbase.

“We’ve been lucky to know multiple folks on the Coinbase team for years,” said Christopher Brown, the other co-founder. “We saw that there were amazing opportunities to work together, which led to us officially joining forces.”

Zabo and Coinbase Bigger Picture

Founded back in 2018, Zabo provides developers with an application programming interface (API) to connect to any cryptocurrency exchange, digital wallet, protocol or account seamlessly.

Both companies have a similar objective of bringing the cryptocurrency industry to the mainstream market. However, Coinbase has been working towards widening its revenue collection avenues as competition grows in the crypto industry.

Moreover, its stock market has significantly depreciated since going public during the first half of the year. However, most of its investors remain optimistic in the future growth prospects, including Ark Invest led by Cathy Wood.

The acquisition is strategic as Coinbase seeks to venture into more crypto-related businesses. Furthermore, Zabo has been perfecting its services for the past three years. “Over the last three years, with the help of our amazing team, customers, investors and partners, we succeeded in establishing the Zabo API as the world’s most powerful tool for connecting to any crypto exchange, wallet, protocol or account,” noted Christopher and Alex, Co-Founders at Zabo.

Notably, Zabo raised $2.5 million last year to grow exponentially in the cryptocurrency industry. A year later, the investment has paid off after the acquisition by Coinbase.

Moonshots Capital co-founder and general partner Craig Cummings referred to the Coinbase deal as a huge milestone. On the other hand, he referred to the deal as a successful exit for the Zabo platform.

Coinbase has a reported market valuation of approximately $48.4 billion with 141.79 million outstanding shares. The valuation has given the company a chance to make more acquisitions in the past few months. Notably, the crypto exchange has in the recent past acquired Tagomi, a crypto exchange firm, and Skew among others.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”



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JPMorgan Provides Private Bitcoin Fund for Wealthy Clients Despite CEO’s Disinterest in Crypto

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Banking giant JPMorgan has partnered with the NY Digital Investment Group to provide access to a Bitcoin Fund, despite Dimon disposition towards crypto.

JPMorgan Chase & Co (NYSE: JPM) now offers its private banking clients an opportunity to invest in an in-house Bitcoin Fund. The multinational investment bank is making this available in partnership with New York Digital Investment Group (NYDIG), a leading digital investment group. A subsidiary of Stone Ridge alternative asset managers, the NYDIG offers a host of activities which includes asset management and execution within a secure framework. 

The leading bank only made this announcement yesterday in a conference call to advisers. So far, JPMorgan has not received any investments from its target clients into the fund.

According to JPMorgan, the Bitcoin Fund will be presented in “the safest and cheapest bitcoin investment vehicles available on the private markets”. In addition, the private fund will seamlessly ease into a Bitcoin exchange-traded fund down the line. The bank already has plans in motion for such a product but does not currently have an ETF bid before the Securities and Exchange Commission (SEC). However, NYDIG has filed one, which is now under review.

JPMorgan CEO Is Anti-Crypto

According to JPMorgan, its recent developments do not change the skepticism the bank harbors towards cryptocurrencies. In the bank’s opinion, it is solely a business move designed to cater to the growing interests of its clients to invest in crypto. When media reports concerning the news first came out in May, Company CEO Jamie Dimon made his sentiments known shortly after that. He said: “I don’t care about bitcoin. I have no interest in it. On the other hand, clients are interested, and I don’t tell clients what to do.” 

In the past, Dimon has even shared stronger sentiments concerning digital currencies. Back in May, Dimon cautioned investors about Bitcoin and the entire digital currency industry. Speaking in congressional testimony to the United States House Financial Services Committee, Dimon however said that the bank will offer crypto services to clients and customers, regardless of his personal opinion. He said:

“My own personal advice to people is: stay away from it. That does not mean the clients doen’t want it. This goes back to how you have to run a business. I don’t smoke marijuana but if you make it nationally legal, I’m not going to stop our people from banking it.”

JPMorgan Bitcoin Fund Marks Growing Trend in the Financial Industry

Despite what its CEO or thinks about digital currencies, JPMorgan continues to enter the world of cryptocurrencies. Last month, the company began to allow its financial advisors to assist its wealth management clients with crypto investments. The JPMorgan Private Bank provides services that include access to Bitcoin funds, such as GBTC, through a JPMorgan brokerage account. Also, JPMorgan added crypto exchanges Coinbase and Gemini Trust Co. as banking clients last year.

JPMorgan’s recent move reflects an increasing number of traditional financial institutions making moves into the world of digital currencies. There has been a surge in client demand in recent times and an increase in the value of the tokens. In addition, other financial institutions like Morgan Stanley and DBS Group Holdings Limited are also getting into crypto.

 

 

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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.



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Fidelity Buys 7.4% Stake in Marathon Digital Holdings

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Marathon is a well-liked stock among institutional asset managers. Two days ago, the company declared a 66% rise in its Bitcoin month-over-month production.

American multinational services company Fidelity Investments has bought 7.4% stakes of Marathon Digital Holdings, which is a patent-holding company and the parent firm of Uniloc.

Marathon Digital Holdings currently functions as a digital asset technology company. The firm mines cryptocurrencies, targeting the Blockchain ecosystem and the production of digital assets. It manages 19000 miners, with an additional 100,000 electronic devices to be implemented in the next 12 months.

The agreement for the deal was concluded at $20 Mn on 22nd July. The shares were distributed across four index-based funds- The Extended Market Index Fund, Fidelity Nasdaq Composite, Fidelity Total Market, and Fidelity Series Total Market Fund. The exchange hoists Fidelity at par with companies like Vanguard Group, Susquehanna, and Blackrock, which already own 7.58%, 2.7%, and 1.59% stakes in Marathon. Even though the percentage distributed to each Index is small, most of the funds are famous in the retirement accounts.

Fidelity holds a top position as one of the world’s largest financial service companies. It has $4.9Tr in assets under a responsibility with more than 35 million clients all over the world. It is known to manage businesses, especially indulging in mutual funds and brokerage services. The purchase reflects the increasing trend among investors to conform to the crypto industry via traditional equity or debt securities.

According to ETF.com, Marathon is a well-liked stock among institutional asset managers with 18 exchange-traded funds currently held by the Marathon group. During a recent interview, Chief Executive officer Fred Thiel exclaimed at the recent affirmation gained by his firm. Thiel said that the past year has witnessed a skyrocketing increase in possession of the company’s stocks. He also added that the company focuses on deploying resources to utilize mining equipment, therefore it prefers to select partner agreements with hosting and power facilities.

Shares in mining stocks have become a public favorite due to their ability to follow the Bitcoin market with heightened instability. Two days ago, the company declared a 66% rise in its Bitcoin production (month-over-month). Marathon has mined 442.2 BTC priced at $16.6 Mn. The company holds a total of 6,225.6 Bitcoins at present, which are valued at $245 Mn. Where BTC increased to 240% since the beginning of this year, Marathon’s shares have peaked at 660% at the very same time.

The credit for the drastic increase in mining activities can be given to China’s recent clampdown on mining activities in the country. This resulted in a prominent decline in Bitcoin’s network hash rate since miners began immigrating to other crypto-friendly nations.

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Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.



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