Blog

Over 7M MINT Tokens Locked One Day into New Rewards Program
San Francisco, California, 24th August, 2021,

Public Mint is taking another step towards the decentralized governance of EARN, a community-led investment platform soon to be launched by the company on top of their existing fiat-native blockchain. In the run-up to the release of the platform, the company is introducing the MINT Rewards Program to incentivize MINT liquidity to move from Ethereum into the Public Mint network.

The rewards program launched on August 16, and will remain in place for at least four months. The first 24 hours saw an inflow of over seven million MINT tokens, worth over $1 million USD at the time of writing, into the Public Mint blockchain.

The MINT staking and governance aspect is a crucial development for Public Mint. As the first MINT Rewards Program is now live on its blockchain, users can move their tokens to the Public Mint chain through the Ethereum-Public Mint bridge. All migrated MINT tokens accumulate compounding daily rewards until the bridge evolves into a two-way system. That upgrade will occur on January 17, 2022, as it is part of Public Mint’s roadmap.

The choice for migrating MINT serves two other purposes:
1. It will remove the risk of impermanent loss from staking MINT with another [volatile] asset.
2. It is a reward scheme for early adopters and investors who play a role in the ongoing evolution of Public Mint’s EARN program.
This migration procedure will bring more MINT liquidity to the Public Mint blockchain, allowing the network to achieve a critical mass of tokens and enabling a fair and decentralized governance mechanism.

Through the new MINT rewards on the public MINT blockchain, users will earn 20% APY from August 16 until October 11. Afterward, the APY will decrease to 15% until December 6 and remain at 10% from that point forward. All rewards compound automatically and are paid out daily on the first block after 00:00 UTC every day.

Migrating one’s tokens is a simple process. It does not require sending MINT from an Ethereum address to the Public Mint address, as these are different networks. Instead, users need to follow the guidelines outlined by the team and complete the transaction via the one-way bridge through the Public Mint Wallet interface. There is a gas fee to pay on the Ethereum network, thus keeping some ETH in one’s Web3 wallet is required.

In the first 24 hours since opening the migration process, 40 users have transferred nearly $1 million USDT worth of MINT tokens from Ethereum to the Public Mint blockchain. That equates to over 7 million MINT tokens, confirming a growing interest in the new rewards program.

About Public Mint

Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, ACH, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.

Website: https://publicmint.com

Litepaper: http://bit.ly/3tEYmqv

Telegram Group: https://t.me/PublicMint

Telegram ANN: https://t.me/PublicMintANN

Twitter: https://twitter.com/publicmint

LinkedIn: https://www.linkedin.com/company/publicmint/

Medium: https://medium.com/publicmint

YouTube: https://www.youtube.com/c/PublicMint

Contacts
- Press
- Info@marketacross.com
August 24, 2021
Gate.io Launches Comprehensive Cloud Mining Offering
Singapore, Singapore, 24th August, 2021, Chainwire

Global digital asset exchange, Gate.io has launched a comprehensive cloud mining offering, bringing the benefits of traditional cryptocurrency mining without the massive costs involved with setting up a mining operation.

Gate.io recently launched a comprehensive cloud mining offering with packages starting at just $47 for a Starter mining contract. Users can opt to choose one of several different cloud mining offerings based on their budget:

Gate.io has done thorough research and chosen a trustworthy, industry leading mining farms based out of Europe and North America to run its cloud mining services, ensuring a comprehensive service that complies with local regulations, but is spread out to minimize risks. The cloud mining service currently only supports Bitcoin mining with plans for Ethereum mining to be introduced in the near future.

“Gate.io’s first batch of cloud mining contracts were launched on Monday, August 23, at 22:00 (UTC +8) and sold out within the first 4 minutes of availability. Gate.io will continue to expand its cloud mining offerings, ensuring a wider variety of products and services with optimal annual returns,” Marie Tatibouet, CMO at Gate.io, said in a statement.

Cloud Mining In A Nutshell

Many cryptocurrencies are generated through mining, with cryptocurrency mining becoming one of the most lucrative and cost-effective ways to earn cryptocurrencies other than buying them. Over the years mining equipment has become very advanced and thus expensive, making it more and more difficult for the average user to mine cryptocurrency.

Enter cloud mining. Cloud mining is pretty simple, regular users can purchase cloud mining contracts from mining firms, which will allow them a stake of the profits on the cryptocurrency mined, while providing the miner with capital to run their mining operations, a win-win scenario.

Benefits of Cloud Mining

Besides earning a decent annualized profit on mining contracts, cloud mining brings many great benefits over traditional crypto mining. The biggest benefit of cloud mining over traditional crypto mining is the lower threshold to entry; there’s no need to buy expensive equipment and users gain near instant access to mining.

Additional benefits include flexible, daily payouts with guaranteed hash rates and no worries about excess overheads like electricity, hardware maintenance and regulatory hurdles. Users can purchase a cloud mining contract from the comfort of their own home and start earning.

About Gate.io

Gate.io is a leading digital currency exchange with over 6 million users in 190 countries across the globe. The exchange offers spot, margin, futures and contract trading in addition to DeFi products through HipoDeFi, custodial services through Wallet.io, investments through Gate Labs and it’s dedicated GateChain platform. The company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans and more.

Contacts
- Diksha Sharma
- Gate.io
- diksha@mail.gate.io
August 24, 2021
Top 3 Coins to Watch – Week 34

Last week we reported that the total cryptocurrency market capitalization is finally back above $2 trillion, but at the end of Week 33 the total valuation of all cryptocurrencies in circulation combined already exceeded $2.1 trillion. Nevertheless, for the second week in a row, market leaders Bitcoin and Ethereum were pushed in the background of attention while altcoins like AVAX, ADA, LUNA, DOT, and SOL claimed the spotlight with their high weekly gains. Furthermore, several altcoins are either at or very near their ATH prices. Together with a drop in BTC dominance, this has led a few analysts to believe that we are at the beginning of a new altcoin season.

1. Polkadot (DOT)

Polkadot is a blockchain solution that allows multiple specialized blockchains called parachains to run at the same time and interoperate. Polkadot can connect diverse blockchains into a single, decentralized and highly scalable ecosystem. The network operates using a proof-of-stake consensus algorithm and utilizes a native currency DOT. The project was originally designed by Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor the smart contract programming language Solidity. Along with Cardano and Solana, Polkadot is considered one of the potential “Ethereum killers”.

Buy/Sell DOT

DOT could pull an ADA-like rally when parachains get announced

The genesis block of Polkadot’s Relay Chain has been created in May 2020 and the project now finally all set to launch several Parachains in 2021. Crypto analysts and project followers are speculating that the launch of parachains on Polkadot will have a similar effect on the price of DOT as the announcement of smart contracts roll out had on the price of ADA. Nevertheless, even without parachains, DOT is soaring at a much faster pace than an average altcoin in this bull market as it has more than doubled its price in past 30 days. DOTs are currently changing hands at a price of $27.50. The decentralized governance of Kusama, Polkadot’s test blockchain, announced the auction of another five parachain slots on Kusama. The auctions, that will begin at 12:00 PM GMT on September 1, 8, 15, 22 and 29 will follow the same format as they did in the first round, which took place between June 15 and July 20. Also in this round, there is quite a lot of interest for the auctioned parachain slots, indicating that many projects and developers want to try out launching their code on Kusama, before ultimately deploying it on Polkadot.

2. Avalanche (AVAX)

Avalanche is a highly scalable open-source smart contract-enabled blockchain ecosystem. It relies on its own Proof-of-Stake consensus protocols called the Avalanche consensus protocol and the Snowman consensus protocol, which guarantee blockchain immutability while consuming minimal amount of energy at the same time. In addition, Avalanche ecosystem is also highly interoperable – for example Avalanche applications are compatible with Ethereum’s Solidity smart contract programming language and Ethereum-based tokens can be transferred to Avalanche blockchains via Avalanche Bridge. As such it is most often used for various DeFi applications and enterprise blockchain deployments. Every blockchain within Avalanche is part of a subnet, but validators can choose which subnets they want to participate in. Nevertheless, validators are required to be active on the Primary Network, which consists of three blockchains: the Platform chain or P-Chain, the Contract chain or C-Chain and the Exchange chain or X-Chain.

Buy/Sell AVAX

Avalanche Foundation brings Aave and Curve onboard and dedicates $180 million worth of AVAX to accelerate adoption of Avalanche in the DeFi

While Avalanche has already attracted several renowned projects onto its platform, the project’s team is putting up a real effort to further boost Avalanche adoption rate. Circle’s stablecoin USDC, decentralized oracle service Chainlink, indexing protocol The Graph, tokenized securities platform Securitize, and many others which already have versions of their protocols running on Avalanche were recently joined by two DeFi space giants: Aave and Curve. This news alone could represent a significant boost for the project, but Avalanche Foundation introduced a special liquidity mining program called Avalanche Rush at the same time. As part of the Avalanche Rush program, the team will distribute $180 million worth of AVAX to users providing liquidity on Avalanche, among which $20 million worth of AVAX are reserved for Aave and up to $7 million worth of AVAX are reserved for Curve liquidity mining in Phase 1 of the program. These announcements triggered the bull run that carried AVAX from below $25 to above $50 in three days. AVAX markets have since corrected a bit and the coin is now trading at slightly less than $42 apiece. Nevertheless, the positive market sentiment does not derive entirely from the announcement. Looking at fundamentals, the number of daily active addresses and the cumulative address count on Fuji, an Avalanche testnet, stands out as both numbers seem to be entering parabolic growth. A high activity on the testnet usually means that many users are trying out Avalanche and among them are likely several developers that are eying Avalanche deployment.

3. Cardano (ADA)

Cardano is a decentralized blockchain platform focused at creating a smart contract-enabled environment on which developers can build decentralized applications. Cardano utilizes a Proof-of-Stake consensus model and aims to provide a more sustainable, scalable, and transparent operation compared to other smart contract blockchains. The project was started in 2017 by Charles Hoskinson, a mathematician, who was once part of the Ethereum developer team. The team raised $62.2 million for project’s development through an ICO. Hoskinson and the company IOHK stive to follow the principles of academic peer review in Cardano’s development process. The native asset of the Cardano blockchain is called ADA, but previously this year, the developers rolled-out an update, which allows users to issue other tokens on Cardano blockchain as well.

Buy/Sell ADA

ADA Sets New ATH Price and Now Ranks 3rd by Market Capitalization

As we predicted in the last week’s Top 3 Coins to Watch article, ADA managed to overtake BNB on the list of cryptocurrencies sorted by market capitalization and now claims the title of the cryptocurrency with the third largest market cap, right after BTC and ETH. This was made possible by ADA’s amazing price performance, which is largely due to the last week’s announcement that the Alonzo upgrade, which will introduce smart contract functionality to Cardano, is soon to be deployed. By successfully riding the wave of anticipation, hype and attention, ADA soared towards $2.65 during Week 33, which was this crypto’s ATH price until today, when ADA climbed even higher, setting yet another ATH price – the bar now sits at $2.96. At the time of writing, ADA is trading at $2.82, which is 2% below its new ATH. Nevertheless, even at that price, ADA is still up by more than 35% in the last 7 days. Predictions for the future are even more bullish. In one of the interviews, Cardano founder Charles Hoskinson himself predicted that ADA price will hit $150 by the end of this year, which translates into huge almost 60x gain from its current price. Several other crypto analysts believe that ADA will post smaller yet still incredibly high gains in the range of +600% to +1000% from now to the end of 2021. Judging by the fact that ADA is up by more than 1300% YTD, these predictions may prove to be more realistic, as Hoskinson’s sounds a bit too far-fetched to be believable.

August 23, 2021
The True Dawn of DeFi – An Interview with the CEO of Kirobo

Blockchain technology, one of the most hope-inspiring technological inventions of the 21st century, shook the world with the proposition of a new economy – a digital one based on decentralized technology.

This has had an invigorating effect on banking and digital payments: the era of cash being the main carrier of value is close to over, and now the main actors in the current financial system are becoming concerned with preserving their seats by becoming a part of the blockchain-driven transformation.

However, to get a green light on a wide scale, decentralized technology first has to pass the stress-test: is it equipped to scale globally? Does it have the technical endurance of the payment networks used by banks, such as SWIFT?

One of the realities of cryptocurrency is that recalling a payment is completely impossible: a big problem because it’s quite easy to accidentally send funds to the wrong account. This hurdle causes significant losses for users every year.

Fortunately, an Israeli company called Kirobo has figured out a way around this. The company introduced a solution allowing the retrieval of lost or unaccepted funds with its ‘Undo Button’. The non-custodial, decentralized mechanism enables users to cancel their transactions and retrieve their funds by obligating the sender to passcode-protect transfers. The money can be retrieved until the recipient enters the correct passcode.

Kirobo has since expanded the Undo Button to accommodate token swaps, with its ‘P2P Swap Button’. This product solves the issue of fund slippage, which causes great losses to crypto traders every day.

Kirobo’s Undo Button will bring about a tangible change in the crypto world by providing people with more control over their funds. It could make the blockchain transaction process, which has traditionally been an intimidating and complicated exercise for both businesses and individuals, as simple and intuitive as online banking.

We interviewed Kirobo CEO and Co-Founder, Asaf Naim, to dig deeper into the project.

In your perspective, what’s holding us back from building a fully-fledged financial infrastructure with blockchain technology? How can Kirobo contribute to this?

While you can already find many financial services within the blockchain ecosystem, many of them are not decentralized, and standards are haphazard. This is not because of faults in blockchain technology itself, but because the industry is relatively young. Blockchain is fully capable of supporting an improved global financial infrastructure, but what has been missing is a comprehensive range of decentralized services that make cryptocurrency convenient and safe to use. We’re beginning to see this infrastructure appear with services categorized as ‘DeFi’ – and this is where Kirobo operates. Our DeFi technology provides services of the standard that people expect with their online banking, with the ultimate goal of creating mass adoption.

What is the scale of projects that Kirobo can accommodate? Do you see itself as a part of the future blockchain-based economy?

Yes, we absolutely do. I don’t want to reveal too much at the moment, but our roadmap is long, and our eventual goal is to provide a comprehensive range of decentralized financial services. Our first release was the Undo Button, which has the aim of facilitating general use of cryptocurrency by making transfers completely safe. We followed this with the P2P Swap Button, which provides a building block for a new, fairer trading community. Our upcoming product releases will build on this.

How does the value-generating model of Kirobo work?

Our tokenomics are simple: KIRO is a utility token for services that are designed to be used, and to motivate cryptocurrency use. We don’t even charge transaction fees for our Undo Button or P2P Swap Button, and we reward people for using them, because our vision is long-term. Naturally, we expect KIRO to appreciate in value as our network grows, but that’s not our main focus.

Could you break down the work principle behind ‘Undo Button’ in more detail?

Everyone who holds cryptocurrency knows that it’s nerve-racking to make a transaction, especially for larger transfers, because there’s no safety net if you make a mistake. So, it’s standard practice to send a small amount first to check, which is a waste of time and money. The Undo Button fixes this by making it impossible to send crypto to the wrong person. It obligates the sender to passcode-protect their transaction and make contact with the recipient to communicate that passcode. The transfer will only go through upon receipt of the correct passcode from the correct device, and the transaction can be cancelled and retrieved until this happens. The authentication mechanism is non-custodial and has no single point of failure, so even if we were hacked, the sender can still retrieve their funds and nobody would be hurt.

What is the role of Kirobo in revolutionizing the P2P Swap market and directing it towards a better future?

The role of the P2P Swap Button is to finally provide a decent way to do token swaps. It’s crazy to think that there wasn’t one before, but it’s true. You either had to entrust your money to a custodial exchange, or use a decentralized exchange (DEX) which will take a large chunk of your money with its supply/demand algorithms. We’re providing an alternative to exchanges, both centralized and decentralized. By allowing people to trade directly, at their own set prices, we’ve finally provided a way for people to trade fairly, on their own terms. It’s no exaggeration to say that services like this will be cornerstones of the blockchain-based financial infrastructure that will eventually take the place of fiat systems.

August 23, 2021
EarnBet.io – The First Fully Decentralized Casino

EarnBet represents the world’s first fully-decentralized casino, featuring a series of highly-entertaining and profitable games. The casino has a highly advantageous house edge, a generous welcome bonus, a profit-sharing philosophy, and provably fair wagers that are recorded on the blockchain network.

Overview of the Impressive Game Catalogue

To ensure an exciting and profitable gambling experience, EarnBet has contracted the services of professional game developers. Each title is well-optimized to guarantee an appealing fun factor. Here’s a brief overview of EarnBet’s main games:

Dice

Dice games were directly responsible for popularizing cryptocurrency casinos. EarnBet offers a fantastic dice gaming interface that promises great odds. Users can easily control their winning chances and potential pay-outs. Furthermore, the dice game is provably fair and has been audited for fairness by a blockchain professional. The starting house edge is 1.5%, yet it can be reduced all the way down to 0.5% by staking BET tokens. No other casino features a house edge this low.

Players can either bet on-the-go or rely on the automatic betting mechanism. Simply set up a few parameters and watch your luck!

Blackjack

Blackjack lovers will surely enjoy EarnBet’s game, as it’s easy to play and has favourable odds. It features the casino’s lowest house edge, which is why hundreds of users play the game on a daily basis.

Baccarat

Baccarat is yet another popular card game, offering a stylish and enjoyable gameplay interface. The gameplay is easy even for beginners, as the casino provides a thorough overview of the rules.

Crash

Crash is a next-gen title in which players bet against a time-based monetary multiplier. The key here is to cash out and stop the exponential curve before it crashes. This game offers unparalleled returns since the multiplier can increase considerably. As the multiplier increases, the curve is more likely to crash. As such, this is a game of risk and profit management.

To deal with potential connection issues, an automatic cashout can be set up. The game also offers an automated bet interface.

HILO

Last but not least, players can access HILO – a popular card game where you bet on whether the next card in the deck will be higher or lower than the one in-hand.

VIP Members Club

At EarnBet.io we like to give back to our VIP players in the most rewarding and unique ways.

A player gets a personal invitation to become a VIP Member, as soon as they reach a certain wagering threshold. Being part of EarnBet’s VIP Members Club grants you exclusive perks, such as exclusive VIP-Only giveaways, insights on next updates, priority support and priority voting rights on future updates. That is not everything just yet. As an EarnBet VIP Member, you will also receive CASH BACK every single week in any of our accepted cryptocurrencies directly deposited into your account! You will also be paired with your own personal VIP manager.
If you are a high roller, and would like to skip the queue, contact our VIP department at VIP@EarnBet.io

Welcome bonus and jackpot

New users are given a generous welcome bonus of $50 worth in BTC when making a deposit above $100.

EarnBet loves big wins! Players can try their luck at the jackpot bonus. To enter, simply tick the jackpot box when betting on any of the supported games. Each time you bet, a small commission will be taken and added to the jackpot pool. To win the bonus, you’ll have to roll ‘7777777’. At press time, the jackpot is estimated at over $291,000.

Supported Deposit and Withdrawal Methods

EarnBet supports cryptocurrencies exclusively. Users can deposit and withdraw over 13 different coins, including BTC, BCH, ETH, LTC, LINK, BNB, XRP, WAX, EOS, TRX, USDT, USDC, and DAI.

There are no minimum transaction requirements, and EarnBet does not ask users to pay any additional deposit or withdrawal fees.

BET Tokens and Dividend Payments

BET tokens are attributed every time you place a wager. These tokens can then be staked to obtain dividend payouts. That’s right, EarnBet has a profit-sharing philosophy. The casino’s profits are distributed to players based on their number of staked BET tokens.

BET can also be staked to secure a lower house edge. The more you stake, the lower the house edge you’ll get. For instance, a level 10 staker can obtain a 1% deduction on all games except for blackjack, which already has an industry-low house edge.

Wrapping It Up

Based on these aspects, EarnBet is an excellent choice for gamblers worldwide. Customers can access great games, crypto-based payments, a generous welcome bonus, as well as a reduced house edge, and profitable dividend payouts. Don’t miss out and give it a try!

August 23, 2021
Warren Buffett’s Advice to Young Investors
Key takeaways:
- During the 1999 Q&A session, long-time CEO of Berkshire Hathaway Warren Buffett was asked how would he make $30 billion if he was just starting out
- In his response, Buffett highlighted the importance of compounding interests and making investment decisions according to the size of a portfolio
- His advice is applicable to crypto markets as well as picking the right projects and the ability to identify good buying opportunities is essential
Every year, the CEO of Berkshire Hathaway Warren Buffett and the company’s vice chairman Charlie Munger answer various questions for five hours as a part of Berkshire’s annual meetings. At the height of the internet bubble in 1999, Buffett was asked how to make $30 billion.

A still from the 1999’s Q&A session. Image source: CNBC

All about compounding interests

Buffett is easily one of the richest individuals in the world. His Nebraska-based company Berkshire Hathaway owns shares of some of the biggest companies across a multitude of different industries. Currently, the multinational conglomerate holding company’s publicly disclosed total assets amount to a staggering $873 billion.

Top five holding by Berkshire Hathaway ordered by their respective portfolio value. Image source: CNBC

The “Oracle of Omaha” approached the question by first highlighting the importance of starting early and taking full advantage of the effect of compounding interests, which are every investor’s best friend.

“Start early. I started building this little snowball at the top of a very long hill. The trick to having a very long hill is either starting very young or living to be very old.”

Despite the fact that 69-year old Buffett’s net worth in 1999 was already $30 billion, he tried to put himself in the shoes of someone younger and much less wealthy to give the best advice possible.

If he had only $10,000 to his name and just finished college, he would be looking to invest diversify his investments into smaller sums and put his funds in pursuing buying shares of smaller companies. Buffet pointed out that finding high-value investments is more likely when investing in smaller companies since the market regularly assigns an incorrect value to smaller companies.

“I probably would focus on smaller companies because I would be working with smaller sums and there’s more chance that something is overlooked in that arena.”

The situation is somewhat similar if we try to draw a parallel between investing in the stock market and investing in the cryptocurrency sector. Bitcoin and Ethereum are less likely to go as much in value as some other lesser-known projects. However, there is an added caveat that the crypto industry as a whole is still very young and even the biggest names are probably far away from reaching their full earning potential.

Trust your instincts and rely on your own knowledge

A still from the 1999’s Q&A session featuring Warren Buffett and Charlie Munger. Image source: CNBC

Additionally, Buffett explained that relying on your own judgment and knowledge is the only way to succeed since you can’t expect other people to know what you are talking about. That said, acknowledging your own shortcomings and having the ability to admit that you don’t know everything is just as important.

“If you asked me to trade away a very significant percentage of my net worth either for some extra years on my life or being able to do during those years what I want to do, I’d do it in a second.”

Being blinded to chasing wealth is a detriment and will ultimately lead to a sad existence. Buffet also added that having as much money as he does is “incomprehensible” and it doesn’t change your day-to-day living experience.

In this regard, the 90-year old leads by example as he is one of the biggest philanthropists in the world. He is committed to giving away 99% of his wealth by the time of his death.

Buffett is currently 9th on Bloomberg’s Billionaire Index with a net worth of $104 billion.

Use dollar-cost averaging strategy if you are just starting out

If you are just starting out in stock market trading or cryptocurrency investing for that matter and you lack the time to learn about all the ins and outs of advanced trading strategies, it is best to turn to the old and faithful dollar-cost averaging (DCA) method.

Time and time again, DCA has proven to be one of the best investment methods since it requires a modest time investment and is relatively easy to execute. The DCA dictates an approach of dividing the funds allocated for investment into roughly equal amounts and making buying or selling orders in predetermined time intervals.

This approach protects amateur investors from making irrational and consequently costly decisions and at the same time offers a great advantage over more advanced strategies, since “buying the dip” can be much less stressful and easier to do when following a predetermined system.

Binance is a great option whether you are just starting out your cryptocurrency trading journey and looking for the best platform to use simple investing methods such as DCA and “buy and hold”, or you are a crypto trading veteran looking to use more advanced options such as liquid swaps, staking products and futures options.

Open Binance Account
August 23, 2021
Bitcoin is Trading Back Above $50K Following a 62% Monthly Increase
Key takeaways:
- Bitcoin has increased by 62% in the last 30 days, reaching a cycle high price tag of $50,394 and reaching a 3-month ATH
- Increased network activity and diminishing BTC exchange reserve point to an increased demand that will likely push the price even higher
- Total cryptocurrency market cap has increased by more than 60% since July low, which spurred massive growth among altcoins, most notably Cardano
Following the massive plunge the cryptocurrency market underwent back in May, which ultimately saw Bitcoin drop down to below $30,000, the world’s largest crypto is without a doubt again in bullish territory.

Buy/Sell BTC

Bitcoin has been on a tear over the last month, reaches a 3-month ATH

The May crash heavily impacted crypto markets. On May 19 alone, more than $300 billion were wiped out in a single trading day. After hitting the low point of $29,753, Bitcoin has since been on a strong upwards trend. Today, the price finally breached the important psychological barrier of $50,000 to reach its cycle high of $50,394.

A big reason for the bullish action is the “demand/supply imbalance” that Bitcoin is currently experiencing, which was correctly identified by on-chain analyst Willy Woo in a Twitter post back in July. At the time, Woo also deduced that the price would need to move to $53K to address the market imbalance.

Image source: CryptoQuant

Looking at the chart of Bitcoin all exchanges reserves above, we can see a massive drop in the amount of Bitcoin reserves held by crypto exchanges since July, which historically speaking had a pretty strong correlation to Bitcoin price.

At the same time, the number of new entities on the Bitcoin network continues to grow. Since dropping to its lowest point of 505K in July, the number of active users has doubled to reach 1M users and a 1-month high. A combination of higher network activity and diminishing exchange reserves provides ample data to support the thesis that demand for Bitcoin will continue to grow in the near term.

Buy/Sell BTC

On the heels of Bitcoin growth, the total market cap has increased by $703B over the last month

Since July low, the total market capitalization has grown by more than 60% and increased by over $700B in the meantime. While Bitcoin was certainly the biggest contributor to the change, there were some notable cryptocurrency changes in the last month.

Ethereum has successfully launched the London upgrade and introduced Ether burning, which had a positive impact on the price as it introduced deflationary pressure on the world’s second-biggest crypto platform. Over the course of the last month, the ETH price is up by 77%.

Perhaps even more surprising was the journey Cardano was on over the last 30 days. In the time period, Cardano has gained more than 150% and surpassed BNB to become the third-largest coin by market cap. In the meantime, ADA has repeatedly pushed higher and ultimately reached its highest price today at $2.86, before making a small retracement to $2.84 at the time of this writing.
August 23, 2021
Cardano Innovators KICK.IO’s Public Sale is Preparing for Liftoff on ExMarkets, September 16

After an abysmal July, the world of DeFi is once again picking up speed – with Cardano ahead of the pack. As the price of Cardano soars to new heights, its widespread community is looking for projects that will accelerate the seismic reorientation of the DeFi industry away from Ethereum.

KICK.IO, a non-custodial fundraising launchpad on the Cardano Network, promises to kick this plan into gear. To achieve its goals, it has chosen to hold its IEO on ExMarkets on September 16th, a decentralized exchange that is increasingly becoming a household name within the Cardano community. Following the successful public sales of ADAX and YaySwap (among many others) – the choice of the platform does not surprise anyone.

KICK.IO platform is expected to mature into the place where Cardano’s extensive community can come together to fund high-growth projects, and pick tomorrow’s winners. Led by a team of finance professionals, KICK.IO offers full Cardano native token support, as well as a suite of project kickstarting and endorsement capabilities projects need to thrive and prosper. In looking out for the interests of investors, KICK.IO ensures that only the most credible and promising projects make it through — the ones with the highest potential to make a meaningful contribution to the Cardano ecosystem.

KICK Public Sale – Launching September 16, 2021

KICK.IO’s sale is set to go public on 16 September and is already heavily oversubscribed by both retail and institutional investors, and with the hard cap sitting at $22,680,000, the possibilities are endless. Phase 1 of the token sale will see 24,500,000 tokens being sold for $0.22 per token, and phase 2 of the token sale will see 14,000,000 tokens being sold for $0.26 per token. Visit the website to find out more about the token sale or Reach out to KICK.IO’s Sales team!

Don’t miss out! To participate in the sale visit the Exmarkets Launchpad today.

KICK.IO Official Website
Telegram | Twitter

August 23, 2021
Banking Giants Wells Fargo and JPMorgan File for Bitcoin Funds
On Thursday, two of the bigger players in the financial sector, Wells Fargo and JPMorgan registered their respective passive Bitcoin funds with the Securities and Exchange Commission (SEC).

Key takeaways:
- Both companies are working with New York Digital Investment Group (NYDIG) financial services firm, which is dedicated to Bitcoin, to bring cryptocurrency services to their respective users. NYDIG has filed for a Bitcoin ETF in February and is still awaiting a response from the SEC.
- The new cryptocurrency services will be passively managed, meaning that investments won’t be directly managed by a portfolio manager, but will instead automatically follow a market index without active management decisions.
- Wells Fargo thus confirmed earlier reports of the bank launching a service to provide cryptocurrency exposure to its wealthy clients.
- JPMorgan unveiled its first crypto service offering late in July. The bank gave its clients access to five investment options, four Grayscale products and one from Osprey Funds.
- The recent trend of big financial institutions providing cryptocurrency services is directly tied to last year’s decision by the Office of the Comptroller of the Currency (OCC). The new policy enabled big banks to hold Bitcoin and other digital currencies.
Buy/Sell BTC
August 20, 2021