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  • 3air Solves Africa’s Massive Internet Access Problem with Cardano-Based ISP Platform

    3air Solves Africa’s Massive Internet Access Problem with Cardano-Based ISP Platform

    Press Release: 3air is using an ISP platform built on Cardano to provide internet to the most unconnected regions in Africa. 

    November 2nd, 2021, Dubai, UAE – Today, 3air, a blockchain-based startup, announced it will leverage the power of decentralization to provide internet connectivity to consumers in Africa and provide the physical infrastructure to support this through its partnership with K3 Telecom.

    Only 20% of people on the African continent are active internet users, with less than 1% having access to broadband. Compare this with the 60% of the world population that are active internet users and it quickly becomes evident that African nations have quite a distance to go in order to fully benefit from the world wide web. 

    The lack of internet in this region not only means it has been more difficult to implement successful COVID-19 containment methods, but there is also a social and economic impact including the way citizens interact with their government, with businesses, and with each other. 

    What is 3air?

    3air’s vision is to make broadband connectivity available to the masses that is easy to access through its blockchain-based platform and elevates the principles of decentralization for use in the solution for a real-world and critical problem. 

    3air aims to achieve this first by addressing the problem of physical infrastructure in low-connectivity regions. The project has partnered with K3 Telecom which will develop the physical infrastructure as part of its “K3 Last Mile” initiative, whilst 3air develops the blockchain-based software.  The physical infrastructure will comprise mobile internet base stations, each of which will support up to 15,000 internet users, have a range of 50 km, and provide up to 1 Gbps per user (240x faster than the average mobile internet connection).

    Base stations are interconnected around a city, with at least one in any network connected to the global internet. According to 3air, this approach is both more efficient and cost-effective, as they can be deployed and started quickly owing to their small size, robustness, performance, and low-skill installation. Additionally, each base station consumes a relatively low 500 W, meaning their impact on their local environment is minimized. The connection is then relayed to homes or buildings which host the transceivers.

    Decentralized and Powered by Cardano

    Simultaneously, 3air is seeking to bring the world’s fastest-growing continent into the fast-developing decentralized age. 3air leverages the power and features of the popular blockchain platform Cardano to connect internet users in the region with K3’s physical infrastructure.

    Cardano provides the foundation for 3air’s native token (also called 3air) which is used to acquire all services on the 3air platform, including monthly subscriptions to internet and TV services, digital identities, staking, rewards, and loyalty system, and the referral system.

    3air holders will also win governance rights over the direction of the platform, including a say on the allocation of funding. The team has also stated that the token will form the basis of future ideas and features that will revolutionize the way we connect. These include greater data access and internet of things for governmental and maintenance functions, enabled by the platform’s open access and privacy features.

    Currently, the 3air token is being used to fund current development, with the presale already open. A public sale will take place in November. 

    For more information regarding 3air’s token, visit their website here.

    3air Leapfrogs Africa’s Internet Connectivity into the Future

    Both current and future developments are aided by 3air’s strategically acquired partnerships. K3 Telecom is a Swiss technology provider with an international presence, including a location in Sierra Leone. Together with K3 Telecom, 3air is piloting the “Cable in the air” initiative to prove its concept of decentralized internet access in the West African country. 

    The team has also secured partnerships with IT TIM and CV Labs Dubai who will also contribute to the development of the physical infrastructure and software 3air is set to deploy. These partnerships are being supported by a stellar team with experience in the ISP world as well as building decentralized software solutions in the region.

    Leveraging its team’s skills, its strategic partnerships, and the power of physical and decentralized technology, 3air aims to connect its first clients within 6 months and realize its vision of becoming the world’s first blockchain-based decentralized, permissionless ISP service platform.

    For more information about 3air and its mission to make the internet available to all, visit their website here

    Follow 3air on Twitter
    Join the 3air community on Discord
    Stay up to date on 3air on LinkedIn
    Watch 3air’s developments on YouTube
    Read the 3air blog on Medium

    Media Contact Details
    Contact Email:  press@3air.com

    3AIR is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

  • Micro Ether Futures are Coming to CME Marketplace in December

    Micro Ether Futures are Coming to CME Marketplace in December

    Key takeaways:

    • Following the launch of Etheruem futures in February, CME Group is adding Micro Ether futures (MET) to increase accessibility to cryptocurrency exposure
    • MET will join a diverse slate of more than 20 Micro financial instruments; Micro Bitcoin futures are part of the offering since May
    • MET will be traded at one-tenth of ETH, which will give traders more precision and allow easier access to cryptocurrency exposure

    CME Group, the world’s largest financial derivatives exchange will allow investors to gain exposure to Ethereum via a new trading instrument called Micro Ether futures (MET). The new product will be sized at one-tenth of one ETH and is slated for launch on December 6.

    Micro Ether futures will allow traders to easily manage price risk and trade with lower margins

    After launching Ethereum futures in February of this year, CME is now adding a new trading product to its cryptocurrency derivatives offering. CME has decided to launch MET after Micro Bitcoin futures (MBT) managed to attract a considerable amount of interest from traders of all sizes – since its launch in May, MBTs have traded more than 2.7 million contracts.

    Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products explained why the company decided to expand its crypto derivatives offering with MET:

    “Since the launch of Ether futures in February, we have seen steady growth in liquidity in these contracts, especially among institutional traders. At the same time, the price of ether has more than doubled since these contracts were introduced, creating demand for a micro-sized contract to make this market even more accessible to a broader range of participants.”

    MET will allow traders to trade with greater precision and to gain exposure to the price movements of the second-largest cryptocurrency with smaller investments compared to the regular ETH futures.

    According to the CME’s press release, more than 600,000 ETH futures contracts (collectively worth more than 33 million ETH) have been traded in the past 9 months. The new product will be cash-settled, while the referential price of ETH will be updated on a daily basis based on the CME’s own ETH-USD rate.

    Buy/Sell ETH
  • Blockchain-Based Loyalty Rewards Platform AGAIN Endorses ProBit Global IEO

    Blockchain-Based Loyalty Rewards Platform AGAIN Endorses ProBit Global IEO

    ProBit Global will launch the IEO for blockchain-based white-label loyalty rewards solution Again Project starting November 8, 2021. Holders of PROB, the platform’s utility token, will also benefit from a 5% bonus to increase their IEO holdings.

    The Again Project approaches blockchain adoption with a universal use case for the masses by rewarding anyone using AGAIN with a 5% bonus, having allocated 250M of the total supply towards a dedicated rewards pool.

    AGAIN tokens will provide rewards to enhance brand exposure and customer loyalty through a versatile network and exchange to enable users to maximize the value of their accounts through discounted future purchases or immediate fiat withdrawals through its cryptocurrency exchange. 

    Built on one of the premier scalable blockchains in Polygon, AGAIN will expedite payments and allow users to seamlessly transfer their tokens between Polygon and the underlying Ethereum network. 

    The Again Project commenced its launch already integrated with fully operating services e-commerce platform Digital Kingdom and web hosting service provider DOMR while partnerships with aligning merchants will continue to bolster its universally monetizable system of crypto-rewards points based on real-life, immutable value.

    ABOUT AGAIN PROJECT

    Again Coin is a blockchain-based loyalty reward coin providing payment options with cashback rewards being offered for all transactions in the form of its utility token. 

    ABOUT PROBIT GLOBAL

    ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 700+ altcoins in 1000+ markets.

    PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS 

    200,000+ community members
    1,000,000+ monthly active users
    3,000,000 monthly web visitors
    50,000,000 users on partnering aggregators and wallets such as CoinMarketCap
    User interface of Multilingual website supporting 41 different languages
    Marketing and community support in 8 key languages

    Join our active programs and get huge benefits!
    1. Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee
    2. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit
    3. ProBit Exclusive: Subscribe to 50% off Top 200 tokens 
    4. Auto Hold Campaigns: Hold tokens and get 6% annualized returns

    ProBit Global: www.probit.com
    ProBit Telegram: https://t.me/ProbitEnglish

  • ICP Reboot Launches New ICPR Token after Forking Dfinity’s ICP

    ICP Reboot Launches New ICPR Token after Forking Dfinity’s ICP

    Vienna, Austria, 2nd November, 2021, Chainwire

    Internet Computer Reboot (ICPR), the community-driven project that was forked from The Internet Computer Protocol (ICP) aims to create a more decentralized version for The original ICP protocol.. Today, ICPR is delighted to announce the official release of the new ICPR token.

    The ICPR token release is relaunching the Internet Computer Protocol (ICP) by forking the project to establish a fair, transparent, and democratic control over the new network.

    “The early ICP contributors and seed investors will get the new ICPR tokens according to their original ICP allocations”, said Ross Jackson, a commuinty builder in ICPR. “They will be able to claim their fully vested token allocations without any additional locking or vesting schedule” he adds. The project has outlined why and how the initial tokens of the ICP Reboot (ICPR) will be distributed to Dfinity’s original seed investors and early contributors here and here.     

    The initial token distribution has begun on October 4th and focuses on distributing ICPR tokens to Dfinity’s 375 seed investors and early contributors in the following phases:     

    • Phase #1 (October 4th — November 4th) — Claims and Disputes: pre-launch opt-in process to confirm and guarantee your grant.
    • Phase #2 (November 4th — December 24th) — Allocation to Verified Participants: simultaneous allocation to participants in phase #1 and continued post-launch claims and distributions.
    • Phase #3 (December 24th) — Allocation to Remaining Participants: allocation to remaining seed investors and early contributors who didn’t participate in the previous phases.          

    According to the research firm Arkham Intelligence, Dfinity “quietly allowed its Treasury and insiders to send 18.9 million of ICP to exchanges, while making it extremely difficult for their longtime supporters to access the tokens they were promised.”

    The ICPR will first be issued on the Ethereum blockchain as a standard and audited ERC20 token. However, it will transition to a new network when the mainnet is ready. Its relaunch will create an open and inclusive environment for all to participate and contribute. 

    About ICP Reboot (ICPR)

    ICP Reboot is a community-driven project that is forking the original Internet Computer Protocol (ICP) to create the new ICP Reboot network. ICPR will run on a truly democratic decentralized governance system in which members decide how to fork and improve upon this protocol while retaining flexibility on the direction of the network.

    For further information, visit: https://icpr.io/

    Contacts
    • ICPR Community
    • ICP Reboot
    • Team@icpr.io
  • Highly Anticipated Report on Stablecoin Risks by US Treasury Seeks Expansion of Regulatory Oversight

    Highly Anticipated Report on Stablecoin Risks by US Treasury Seeks Expansion of Regulatory Oversight

    Key takeaways:

    • The President’s Working Group (PWG) has released a report assessing stablecoin risks and called on Congress to legislate the booming stablecoin sector
    • The PWG has outlined key areas that require additional rules and proposed potential regulatory solutions
    • Stablecoins issuers recognize the need for increased regulatory oversight and welcome extra regulatory clarity

    After a prolonged wait, the US Treasury Department has finally released its report on risks associated with stablecoins on November 1. The report, which was put together by the President’s Working Group on Financial Markets (PWG), includes several proposals that would introduce stringent measures on stablecoins issuers and enforce additional rules on stablecoin reserves.

    Regulators want to put limits on stablecoin issuance and introduce rules for reserves

    Stablecoins are digital currencies that are pegged to the value of a certain fiat currency, or to the basket of digital assets from which they derive their value. In essence, stablecoins maintain constant prices regardless of market circumstances. The most prevalent use case for stablecoins is the ability for cryptocurrency investors to easily onboard and withdraw funds from cryptocurrency exchanges and to transfer funds between wallets and services without losing value due to the volatility that other digital assets experience.

    With the surge in their popularity, regulators have become increasingly adamant about how the sector should be regulated. Most notably, Treasury Secretary Janet Yellen has called for a new “regulatory framework” that would legislate the sector back in July.

    The total supply of USDT (of ERC-20 variety) has increased by more than 300% in the past year alone. Image source: CryptoQuant

    The PWG has identified several key issues that should in their opinion be addressed by new laws. The PWG has put an emphasis on the transparency of stablecoin reserves and expressed concern over the process of issuance of new stable digital currencies. 

    According to the PWG’s report, the current “stablecoin arrangements raise significant concerns from an investor protection and market integrity perspective.” The team working on the newly released analysis of the stablecoin sector offered its potential solutions to safeguard users:

    “To address risks to stablecoin users and guard against stablecoin runs, legislation should require stablecoin issuers to be insured depository institutions, which are subject to appropriate supervision and regulation, at the depository institution and the holding company level. The legislation would prohibit other entities from issuing payment stablecoins.”

    The burden of regulation would fall on the shoulders of various regulators, including the Securities and Exchange Commission (SEC), the Federal Reserve, and the Commodity Futures Trading Commission (CFTC). 

    The report outlined the need for Congress to act swiftly to enact new laws and regulations that would limit who can issue stablecoins and introduce rules on how to handle stablecoin reserves. According to The Block, stablecoin issuers recognize that stablecoins “are going to be widely regulated,” given the recent surge in their popularity. Additionally, regulators “desire more regulatory clarity” going forward.

  • Floki Inu Ad Campaign Seeking to Convince Londoners that FLOKI is the Next DOGE

    Floki Inu Ad Campaign Seeking to Convince Londoners that FLOKI is the Next DOGE

    Image source: Charlie Bibby/FT

    Given the unparalleled success of Dogecoin (DOGE) and Shiba Inu (SHIB), it is only natural that many people are wondering what the next memecoin to go ballistic will be. With a targeted ad campaign spanning the London subway and busses, Floki Inu is trying to persuade residents of the UK’s capital that FLOKI is the next big thing.

    Key takeaways:

    • Floki Inu is attempting to persuade Londoners to invest in FLOKI using the tagline “Missed DOGE? Get Floki.”
    • The cryptocurrency advertisements are shown in the London Underground and on 300 busses across the city. 
    • Memecoins are perhaps the biggest surprise of the year in the cryptocurrency space – DOGE has gained nearly 6000% year-to-date (YTD), while SHIB is showing downright absurd gains of over 80 million percent.
    • According to the Floki Inu representative that goes by the pseudonym “Sabre,” the company is trying to run similar advertising campaigns in Los Angeles and several cities in Japan, China, and Russia. 
    • As reported by Financial Times, there is no clear publicly available information on the Floki Inu team, and it is not apparent “which individuals or corporate entities are in control of the project.”
    • Floki Inu’s long-term goals include the creation of a non-fungible token (NFT) gaming platform accompanied by an NFT marketplace and an educational platform.
  • CODI Extends Private Sale And Gears Up For IDO

    CODI Extends Private Sale And Gears Up For IDO

    November 2, 2021–  CODI Finance is building a fully decentralized ecosystem for innovative DeFi products to thrive and grow by establishing a governance structure in which users run and manage the platform.

    The platform governance is designed in such a way that the CODI community can vote on new features and any integration that will benefit the community.

    The Solana-powered CODI Ecosystem includes unique features such as:

    ● IDO Launchpad DEX

    ● NFT Marketplace

    ● Decentralized Lending platform

    ● DAO Governance Model

    ● Fully customizable Vesting Protocol

    CODI endeavors to develop a solid launchpad DEX on the fast and scalable Solana Blockchain. The CODI community would have the opportunity to invest in the most promising new DeFi projects. Simultaneously, new DeFi projects will be able to raise funds from committed CODI investors. CODI’s IDO Launchpad, COpad, acknowledges that there are many DeFi projects on the market today, but there is a “trust barrier” in deciding which DeFi project to invest in. Many new DeFi projects prey on investors by misrepresenting themselves as legitimate and trustworthy projects in order to steal their money. Before DeFi products are listed on the launchpad DEX, CODI has developed a vetting procedure. New DeFi projects can scale and attract users who share their vision and goals, and our users can invest in the best new DeFi startups before they are listed on other exchanges.

    CODI also intends to build the Solana blockchain’s first layer 2 for NFTs, which will allow artists and collectors to trade NFTs quickly and securely. The CODI community will have access to the best NFTs with low transaction costs and fast processing. Users will be able to mint, collect, and trade NFTs without fear of the platform experiencing slow transaction times and high transaction costs because the platform is built on the fast and low-cost Solana blockchain.

    The CODI Ecosystem is preparing for its IDO, and it intends to be transparent about the Ecosystem’s plans and activities in accordance with its vision of becoming a fully decentralized ecosystem. The IDO would be listed on the CODI’s IDO launchpad for a week before the IEO on the p2pb2b exchange, with a listing price of $0.05.

    More Details On Private Sale Extension

    Due to the positive feedback received in recent weeks, the project has extended its private sale, which was supposed to end on October 31st, to November 14th. CODI expects that in the run-up to the project’s exchange listing, it will distribute at least 99 million $CODI, or 30% of the entire supply of 330,000,000 CODI. The high level of interest generated by the private sale indicates that $CODI is most likely a “next-level” project. The private sale’s allotted supply is nearly depleted; anyone interested in this “unique” ecosystem should purchase tokens at pre-sale prices before they run out. CODI tokens will be sold for $0.02 per token with a four-month vesting period and $0.03 per token without a vesting period during this private sale.

    You can also follow them on their social media channels to be a part of the community:

    Twitter: https://twitter.com/Codi_Finance

    Discord:https://discord.com/invite/kEw8RkMU

    Telegram:https://t.me/codi_finance_community

  • Polkadot (DOT) Reaches New ATH as Excitement Builds for Upcoming Parachain Auctions

    Polkadot (DOT) Reaches New ATH as Excitement Builds for Upcoming Parachain Auctions

    Key takeaways:

    • Polkadot (DOT) has reached a new ATH ahead of the launch of parachain auctions, which are slated to begin later this month
    • Along with DOT, the price of KSM, the native token of Polkadot’s canary network Kusama, has surged to a 6-week high
    • Ethereum continues to rally and joins DOT as another top-10 digital asset to have hit a new ATH during the last 24 hours

    Ever since Polkadot’s parachain auction schedule got approved in mid-October, the price of DOT has been on the upward trend. Earlier today, DOT managed to break its previous all-time high set in May and reached a historic high above $53.

    Polkadot and Kusama among the biggest gainers in the cryptocurrency Top 100

    Along with Polkadot, Kusama (KSM) has also recorded substantial gains of more than 15%. Kusama is the so-called canary network of Polkadot and serves as a pre-production environment for blockchain applications before they are released on the Polkadot chain.

    Upcoming Polkadot parachain auctions have pulled DOT to a price peak above $53.

    The latest rally was spurred by a post on Polkadot’s official Twitter account. The team announced that the motion to enable “enable parachain registration and crowdloans” has been approved by Polkadot’s council. If the motion successfully passes, cryptocurrency projects interested in building on Polkadot’s parachain for the duration of 96 weeks will be able to file their application starting with November 4.

    After yesterday’s announcement, the price of DOT increased from $44.6 to a peak value of $53.2, before it retraced to $52.4 at the time of this writing. In a similar vein to DOT, the price of KSM has peaked at a 6-week high of $451.

    KSM has gained over $60 in absolute value in the span of 24 hours.

    The surge in the value of DOT and KSM was not driven only by upcoming parachain auctions, but in large part due to the immense 18.9 million DOT (worth roughly $1 billion at current market rates) allocation for broader Polkadot ecosystem development, which was announced in October. Polkadot founder Gavin Wood explained that the new development fund would help boost blockchain development on the Polkadot network. According to Wood, the funds will be spent on the Polkadot community’s “ideas for building, improving, educating and indeed, anything else that the Polkadot governance believes valuable.”

    DOT and KSM have been on a tear in the past month.

    While the cryptocurrency landscape is constantly evolving, Polkadot has been one of the more stable performers in the sector. For example, when Bitcoin hit $60,000 in April, DOT was ranked as the 8th largest cryptocurrency by market cap at the time. Despite all the turmoil and volatility that makes other projects fall out of favor or lose popularity over time (other than BTC and ETH), Polkadot has become one of the staples in the cryptocurrency space, thanks to an active community and continuous technological improvements.

    Polkadot was not the only cryptocurrency in the top 10 that managed to break its previous ATH during today’s trading activity. Ethereum has hit a new peak price of $4,479. It took the world’s largest crypto just four days to break the previous ATH and achieve a new milestone. The success of ETH and DOT (and too many other blockchain projects to mention in this article) has pulled the total cryptocurrency market cap to $2.77 trillion – its highest value to date.

    Buy/Sell DOT
  • Things That Excited The Cryptocurrency Market This Week

    Things That Excited The Cryptocurrency Market This Week

    On October 15, Bitcoin has passed the mark of $60,000, the first time since early April. During the past several days, it went even further and increased in value by 6%. You can also follow the fluctuations in a live mode (in various crypto pairs as well) and see the stable growth with your own eyes. But BTC wasn’t the only newsmaker of the week and below we are going to highlight the most significant events that shaped the crypto market.

    Governments are showing interest

    Blockchain technology and cryptocurrencies are extremely popular in lots of spheres. With their help, you can shop online, book tickets, and even play at Bitcoin casino sites all over the world. However, governments always stood separately and weren’t happy about a decentralized and unregulated financial market. But they see that the crypto is here to stay and need to reckon with it.

    For that reason, G7 has published 13 guidelines for retail Central Bank Digital Currencies (CBDC). They aim to support the financial policies and boost discussions within the group. This inter-governmental forum consists of seven countries: Canada, Germany, France, the US, the UK, Japan, and Italy. Thus, if the guidelines take root, many other countries will surely follow.

    At the same time, Russian President Vladimir Putin showed support for using crypto as a payment method. Earlier, crypto trading in Russia, as well as in China, was banned in full.

    The approval of futures exchange-traded fund (ETF)

    The US Securities and Exchange Commission or SEC is going to approve the first Bitcoin ETF trading in the next several weeks which is surely the most important and anticipated news not only for crypto holders but potential investors. After many years of discussions, this can be a watershed moment for the whole crypto industry.

    Experts believe that this will attract millions of investors to the market and allow trading without a need for underlying assets. According to Gary Gensler, the chairmen at SEC, the exchange-traded funds are filed under the mutual fund requirements which give investors the necessary level of protection.

    Let us remind you that ETF, Bitcoin futures, is a fund that allows receiving investment exposure to the BTC prices without a need to purchase the coin directly. Exchange-traded funds represent a huge variety of assets and are strictly regulated. Participants can buy and sell parts of the ETF as if they are doing operations with stocks. These parts can be bought or sold when the market is open. Investors in the Bitcoin futures can profit from the BTC price movements thanks to the linked futures contracts. They don’t have to track numerous assets and follow the price fluctuations.

    Payment companies are ready to cooperate

    After the cryptocurrency emerged, many payment enterprises and startups have sunk into oblivion. This created a rather serious tension and divided the financial market into two teams: the crypto and against-crypto. However, blockchain technology has become so popular that more and more companies start implementing it into their structure and developing additional services to connect two worlds. For example, Strike has launched the Pay Me In Bitcoin product which allows converting salaries into BTC without any fees involved. Strike, by the way, also stands behind the BTC tipping on Twitter.

    Another example is a US-based financial company, Square, which is planning to create a BTC mining system that is based on customized silicon. Jack Dorsey, the CEO at Square, claims that it will be a real breakthrough for the industry.

    What to expect

    At the moment, Bitcoin balances on different exchanges equal 2.4 million which is the lowest indicator for the past three years. This shows that investors are interested in the coin even though its price is sky-rocking. Moreover, the analysts predict that the price will continue to increase and break all the records. They say that Bitcoin will occupy more than 50% of the crypto market and it will take ETH and other altcoins at least several weeks to restore a positive dynamic. 

    Stay tuned and we will continue following the news and providing you with the latest updates!

    About the author:

    Written by Grace Tennet, a content creator working at NZCasinoHex. Grace is responsible for writing unbiased reviews of the latest game releases and preparing in-depth guides about the payment providers cooperating with online gambling platforms.