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  • Ways to Use Cryptocurrency in 2021

    Ways to Use Cryptocurrency in 2021

    Cryptocurrency has been a hot topic of discussion for many years now. Cryptocurrency has been having a bit of a moment and by the looks of it, it seems like it’s not going anywhere anytime soon. With that said, it’s better to stay informed and educate yourself on ways to use cryptocurrency in 2021.

    The birth of the internet, as well as computers, has brought in many innovative payment systems such as credit cards, debit cards, mobile wallets, UPI, and more. The crypto revolution started with Bitcoin back in October of 2008. Fast forward to 2021, where there are almost 6000 actively traded cryptocurrencies. 

    With so many options available, it can be very tricky to find the one right for your wants and needs. Out of 6000 actively traded cryptocurrencies, the top three cryptocurrencies are:

    1. Bitcoin
    2. Etherium 
    3. Ripple

    Keep in mind that a cryptocurrency is a form of currency that has been around only 10 years, which means that this is a brand new technology that has already shown its ability to fundamentally disrupt the global financial system. 

    However, in no way shape or form is crypto perfect. One thing that is certain, crypto has created a paradigm shift in the way we look at money, how we buy it and how we potentially spend it. 

    Finally, another area in which crypto seems to get a lot of attention is the online gambling industry. While the price of Bitcoin and other altcoins shifts, for the present times, it seems like cryptocurrency is set to become a common part of online gambling platforms. 

    Most Commonly Asked Questions about Cryptocurrency 

    Although cryptocurrencies are not yet mainstream, a growing number of companies and financial institutions are buying into them. In general, crypto is being labeled as the future of money. While some people see cryptocurrencies as a great potential, others think that this trend will die soon.

    Regardless, many people are interested in exploring this relatively new topic. One of the most commonly asked questions about cryptos is how they actually work. Although not all cryptos operate in the same way, most of them use blockchain technology to make secure transactions.

    How Does it Work?

    Generally, cryptos work similarly to a credit card, the main difference is that you exchange digital assets for goods and services instead of US dollars.  If you want to make a transaction you must exchange currency with a peer using a cryptocurrency wallet. And in order to complete a transaction, you need access to a private key. 

    The best comparison to a private key is a bank account. An individual can own multiple keys and own all the funds sent to those keys. At last, transactions you make are recorded on a public ledger, which shows the transaction totals but doesn’t show the identities of the parties involved in a transaction. 

    Is It Safe?

    Generally, crypto transactions are inherently more secure than other types of digital transactions, like online banking or peer-to-peer payment services. The more publicly recorded transactions that are added to the blockchain, the more secure the system is. 

    However, in no way shape or form does that mean that cryptos are not vulnerable to exit scams, thefts, cyberattacks, or money laundering. For instance, there have been noted fake coin launches. 

    Most Popular Ways to Use Bitcoin 

    As you may already know, Bitcoin is the most popular cryptocurrency in the world. In general, you can use bitcoin to do just about anything you can possibly imagine. Even though most people use it in these three following ways, you should know that there are many, many more options at your disposal. 

    By far, the most popular way to use Bitcoin is to use it as an investment for the future. You can either use bitcoin to make a quick profit from investing in it or you can invest in bitcoin as a part of a long-term plan, rather than quick profits and losses. 

    Another popular way to use bitcoin is to spend it for everyday needs. Over the last couple of years, more and more places have started accepting bitcoin payments as an alternative form of payment. 

    Finally, you can use bitcoin for luxury expenses. You can use bitcoin to book flights and pay for hotel rooms. It can be noted that bitcoin users are more comfortable spending larger amounts on travel, which goes to show that bitcoin acceptance is beneficial for both consumers and merchants, no matter what product or service they offer. 

    Buy/Sell BTC
  • TORG Taps into the Synergistic Effects of Utility-Bound Memes with ProBit Global Adding Key Liquidity for Fully Diluted Supply

    TORG Taps into the Synergistic Effects of Utility-Bound Memes with ProBit Global Adding Key Liquidity for Fully Diluted Supply

    Utilimeme platform TORG has successfully launched on ProBit Global with the social organization TORG Foundation continuing to embark on a mission to foster financial inclusion through cryptocurrency adoption.

    TORG targets the significant market opportunity presented by the popularity of crypto memes through utilimemes, focusing on social exposure to promote the versatile use cases and accelerate adoption. 

    With the maximum supply of 777B TORG tokens dispersed upon its launch, the unique approach ensures full transparency free of any disproportionate token reserves or potential for market manipulation. In a relatively rare move by a blockchain project, TORG has opted to instead allow natural market forces such as velocity and increasing real-world use cases dictate price action. 

    As part of their efforts to enhance social welfare for impoverished and disenfranchised communities, the Torg Foundation also operates a Grant Program with a central objective of fueling innovation behind blockchain and cryptocurrency as the project continues to explore the massive opportunity behind utilimemes. 

    ABOUT TORG
    TORG’s concept is guided by its Mission of shaping a brighter future of finance for mankind, and is manifested not only in the concept, but also the rules embedded in the cryptography, the complete decentralization of its administration and the role of the TORG Foundation that ensures that the currency stays true to its Mission and value proposition.

    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 600+ 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

  • Bridging The Gap Between Cryptos and Capital Markets Using Finhaven

    Bridging The Gap Between Cryptos and Capital Markets Using Finhaven

    The Capital Market and the crypto market have been existing side-by-side for more than a decade. Many people believe that there will never be a connection between these two seemingly parallel markets for many years. However, there have been different projects working on bridging the gap and connecting these two markets. One of such projects is Finhaven.

    Finhaven appears to be leading the charge to create a workable ecosystem where people can use their crypto assets to transact in the Capital Markets. Doing this requires certain things to be in place. How does Finhaven hope to achieve this feat in today’s financial environment?

    What is Finhaven Private Markets?

    Finhaven is Vancouver-based financial services and technology company. Its capital markets technology platform is built on distributed ledger technology and digital securities. Finhaven Private Markets is Canada’s first digital securities marketplace. It seeks to lead the shift of global capital markets and exchanges from book-based systems to digital-based systems. Finhaven is seeking to redefine how the next generation of securities trading will look like. It is simplifying the capital markets, and providing the cryptocurrency community with access to these markets.

    Aside from creating highly efficient private markets, Finhaven hopes to leverage its core blockchain technology to grow into a leader in the transition of global capital markets and stock exchanges. Most especially, the platform seeks to create an interconnection between the capital market and the crypto market. This will be achieved through the use of the Finhaven token called the FinToken.

    Overview of the FinToken

    Before now, crypto holders couldn’t purchase digital securities with crypto assets like bitcoin, litecoin, ethereum, monero, ripple, etc. Finhaven is introducing a utility token known as the FinToken to bridge the gap between crypto markets and capital markets. FinToken facilitates the trading of cryptocurrencies for digital securities. It also functions as a connector between crypto commodities and offering self-custody in the crypto space. The Finhaven token serves series of purposes, and they include the following:

    Diversify Cryptocurrency Portfolio

    FinToken will make it possible for accredited investors who have Finhaven Private Markets accounts to buy digital securities using crypto assets.

    You Can Trade Digital Securities

    With FinToken, you can trade digital securities even in a fully regulated marketplace. You won’t have to deal with multiple intermediaries such as broker-dealers, transfer agents, and custodians.

    You Have Total Custody Of Your Crypto Assets

    Your digital securities and crypto assets will be securely held in your FINWallet, where you will be the only one with access to the private key. Therefore, you are the only person with custody of your securities.

    Have Access To Your Crypto Portfolio Through FINWallet

    The FINWallet serves as a multi-crypto-exchange connector, a one access point to all your crypto accounts. You can manage your crypto portfolio with the FINWallet.

    How to Buy Digital Securities With Crypto Assets

    For example, you own crypto assets and you want to buy securities in private companies with your crypto assets. You can purchase FinToken using your crypto assets or fiat currency and hold the token in your FINWallet. Then you can take a look at the digital securities from private companies available on the Finhaven Private Markets.

    To buy digital securities, Investors can convert the Finhaven tokens to fiat currency. In the future, Finhaven hopes to use FinToken as a direct medium of exchange for digital securities. Investors can hold your purchased digital securities in their FINWallet. In addition, investors will also be able to trade those digital securities with other Finhaven Private Market investors.

  • Playbetr Becomes Paris Saint-Germain’s Exclusive Official Online Betting Partner in Latin America

    Playbetr Becomes Paris Saint-Germain’s Exclusive Official Online Betting Partner in Latin America

    Paris Saint-Germain have signed an exclusive three-year regional partnership agreement with www.Playbetr.com, one of Latin America’s leading online betting providers. The Parisian club is now one of the most popular clubs in Latin America, particularly in Brazil, which is the home country of many of its former and current players. Playbetr will thus benefit from the ever-increasing popularity of one of the world’s most influential sports clubs in Latin America and will secure exclusive marketing rights for its users.

    As part of the deal, Playbetr will benefit from the installation of Digital Overlay® technology at the Parc des Princes, which will target Latin American audiences. This innovative system – the first of its kind in France – geo-localises the adverts displayed on the LED screens around the pitch by adapting the messages to the broadcaster’s audience.

    Playbetr will also benefit from VIP seats for home matches at the Parc des Princes, club legend meet-and-greet sessions, signed shirts and memorabilia, private events at the Parc des Princes, as well as “money can’t buy” experiences for Playbetr customers, clients and employees. What is more, Playbetr will have access to Paris Saint-Germain’s digital platforms, including gameday posts to promote special offers. The betting platform will also provide its customers with enhanced odds for Paris Saint-Germain matches and will collaborate on special promotions developed in association with the club.

    “We are delighted to welcome Playbetr to the Paris Saint-Germain family, as the club’s first ever Official Latin American Betting Partner,” said Paris Saint-Germain’s Chief Partnerships Officer, Marc Armstrong. “We believe that Playbetr will be an ideal partner for the club, and together we will be able to reach and further engage with our fast-growing fan base in Latin America. The unique appeal of Paris Saint-Germain and its players in the region makes the club the perfect platform for Playbetr to develop their brand.”

    Marvin Jones, Chief Marketing Officer of Playbetr, also commented: “We are proud to announce our partnership with the most elite and exciting football club in the world. In football, like in betting, performance is primordial. Paris Saint-Germain have built a solid reputation of excellence both on and off the field, and we look forward to extending the brand’s influence even further across the globe.”

    About Paris Saint-Germain

    Paris Saint-Germain football club was created in 1970 and celebrated its 50th anniversary in 2020. Since QSI’s purchase of the club in 2011, it has undergone a transformation to become one of the world’s top football clubs and global sports brands. The club has won 27 trophies in just ten years, for a total 43 in its history, making it the most successful football club in France. Paris Saint-Germain has attracted many great players including Ronaldinho, Beckham, Ibrahimovic, and currently Neymar Jr and Mbappé, both ranked amongst the top four players in the world. The international popularity of the club never stops growing. It is now the one of the most followed clubs in the world, expanding from zero to a community over 100 million social media followers in just ten years. This pioneering sports club – which includes men’s football, women’s football, handball and judo squads – was one of the first sports clubs to branch into eSport back in 2016. Giving back to the community is fundamental to the club, which has drastically increased the capacity of its Foundation to develop wide-reaching programmes for disadvantaged young people.

    About Playbetr

    Playbetr is a leading licensed cryptocurrency, focused sportsbook and casino, offering the very best in online gaming entertainment. Playbetr features over 50,000 pre-match and 30,000 live selections every month, as well as over 1,500 casino games from over 30 providers. The Playbetr community is the fastest-growing online gaming community, complete with tournaments, jackpots, rake races, bonuses and the very best in promotions. Enjoy www.Playbetr.com today!

  • More Than 3,000 MIT Students Received $100 of Bitcoin in 2014 – What Happened Next?

    More Than 3,000 MIT Students Received $100 of Bitcoin in 2014 – What Happened Next?

    Key takeaways:

    • Dan Elitzer and Jeremy Rubin started Bitcoin experiment in October 2014, which saw more than 3,000 undergraduate MIT students receive 100$ worth of BTC
    • 10% of students converted BTC to fiat in the first two weeks, while by the end of the experiment in 2017 25% had cashed out
    • A large number of Bitcoin went towards buying sushi at a restaurant on the campus, which is somewhat reminiscent of the famous ‘Bitcoin Pizza’ story

    When Jeremy Rubin, then a computer science and electrical engineering sophomore enrolled in the Massachusetts Institute of Technology (MIT) in 2014, he expected that most of the students on the campus would be familiar and excited about Bitcoin. When he found out that wasn’t the case he garnered the support of crypto enthusiasts to collect donations, which he would use to give each interested student $100 worth of BTC. 3,108 undergraduates took him up on the offer and so the Bitcoin experiment was born.

    The Bitcoin experiment

    Rubin and his project partner Dan Elitzer prepared a questionnaire for each of the students to complete and provided educational materials to guide students on their Bitcoin journey. Rubin said that he was driven by the idea of spreading a new technology and at the same time he wanted to learn about the intricacies of distributing a new asset.

    “We wanted to get bitcoin out in the world more, and we wanted to spread the technology. We also wanted to study what it means to distribute a new asset.” – Jeremy Rubin on the MIT Bitcoin Project

    Despite MIT being on the cutting edge of science and technology, most students were unfamiliar with the idea of cryptocurrencies and had no idea about the future prospects of Bitcoin. A tenth of the BTC recipients cashed out their funds within the first two weeks. 

    However, a small minority took advantage of the opportunity and provided “Bitcoin customer support” of sorts by setting up crypto wallets in exchange for a commission paid in BTC. Van Phu, who later became a co-founder of crypto broker Floating Point Group, recalls setting up more than 10 people with crypto wallets at the time. 

    “A lot of the students would pay the other students half of the bitcoin if they would set it up on their behalf.” – Van Phu, co-founder of Floating Point Group and a participant of the BTC experiment

    Some early adopters used their Bitcoin on sushi, others held on to it as an investment

    Phu also recollects spending a huge amount of BTC on sushi, which he regrets to this day. In fact, spending BTC on buying fish was very commonplace as about half the people who received free crypto frequently went to Thelonious Monkfish, a sushi restaurant on the MIT.

    A lot of BTC was spent on buying sushi. A $100 USD dinner then is worth more than $17,000 in today’s prices.

    Spending BTC to buy sushi is very reminiscent of the famous ‘Bitcoin pizza’ story. In 2010 programmer Laszlo Hanyecz spent 10,000 BTC on buying two pizzas from Papa John’s, which coincidentally marked the first time BTC was used in a commercial transaction. To make matters worse, Hanyecz reportedly made additional orders following the original one. Later on, the 22nd of May become celebrated in the crypto community as “Pizza Day”. At current prices, the two pizzas were worth approximately $445 million. 

    Cristian Catalini was among the researchers who were paying close attention to the experiment. By 2017, when the project was over as the transactions were no longer being tracked, Catalini says that 25% withdrew their crypto funds to fiat. This means that most students held on to their BTC. A hundred US dollars worth of BTC in 2014, is about $18,000 in today’s prices. 

    “What was fascinating is that in a sense, the MIT students got it right. The vast majority held on to their bitcoin as an investment. And maybe it sounds obvious given the price has appreciated so dramatically. But I think in 2014, it wasn’t clear at all that something that was worth at the time, I think $250, would be worth more than that.” – Cristian Catalini, co-creator of Diem 

    Several participants of the experiment give credit to the project as the reason for their involvement in crypto later on in life. For instance, Rubin became the CEO of bitcoin research and deployment organization Judica. The experiment’s co-head Dan Erlitz co-founded Nascent, a global, multi-strategy investment firm focused on crypto and open finance. Van Phu co-founded a cryptocurrency brokering firm. Sam Trabucco is CEO of Alameda Research, which specializes in Bitcoin and altcoin trading. 

    There are certainly other, less publicly known MIT undergrads of 2014 who also have their lives changed by a relatively small initial BTC donation. Having been introduced to Bitcoin early on and having a crypto wallet already set up certainly made it easier to establish a presence in the crypto industry and make a career out of it.

    Buy/Sell BTC
  • KuCoin Futures Exceeds 3 Million Users on Its Second Anniversary

    KuCoin Futures Exceeds 3 Million Users on Its Second Anniversary

    Victoria, Seychelles, 19th August, 2021,

    KuCoin, a global leading crypto exchange  welcomes two-year anniversary of their Futures service. The service keeps growing  fast thanks to outstanding support from KuCoin users. KuCoin Futures was launched  in August 2019 and ushers in its second anniversary. Since the initial launch, the  platform has become one of the top 10 global Futures trading platforms on the  market today.  

    The team fondly remembers the day when they introduced the first Bitcoin Perpetual  contract. Today, that investment mechanism spans over 60 different  cryptocurrencies on KuCoin. The number of contract users increased by 260% and  the open interests (OI) increased by 15 times compared to last year.  

    “The user interface and experience of KuCoin Futures have improved dramatically  over the years. Initially, it was only accessible through a web portal, but it has  become a full-fledged web and mobile app experience,” said Johnny Lyu, CEO of  KuCoin, “In addition, many cryptocurrency enthusiasts rely on their smartphones for 

    trading purposes, and KuCoin acknowledges that trend early. These factors all  contribute to KuCoin Futures surpassing 3 million registered users in two years.”  

    After the initial success of the Bitcoin perpetual contract, the KuCoin Futures  platform began introducing support for more currencies and services. The first step  was Delivery contracts to create an example for the broader crypto futures trading  industry. Then, after enabling more support for hedging and arbitrage, the team  introduced numerous mainstream and promising cryptocurrency contracts to  promote exposure diversification.  

    With support for 13 languages and the LITE version to help novices get acquainted  with Futures Trading, KuCoin continues to raise the bar. Last year, the team  introduced the KuCoin Futures Brawl, gamifying the concept of crypto futures  trading. Over 200,000 users partook in this event and confirmed it was a fun  experience.  

    The future outlook for KuCoin Futures includes further upgrades for leverage and  initial margin ratios of certain contracts. Additionally, users can expect more  innovative products and features, including the KCS contract launch in Q4 2021.  Cross-collaterals are another important feature coming later this year, paving the  way for KuCoin Futures trading system 2.0, slated for a 2022 release.  

    To celebrate the two-year anniversary of the KuCoin Futures launch, the team began an anniversary carnival on August 18, 2021. During the event, a total of $1 million  USDT in bonuses will be awarded to users. That giveaway follows on the heels of  the warm-up $100,000 bonus giveaway, awarding users with trial funds and  deduction coupons based on their historical futures trading volume.  

    About KuCoin 

    Launched in September 2017, KuCoin is a global cryptocurrency exchange for over  400 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading,  Futures trading, Staking, and Lending to its 8 million users in 207 countries and  regions around the world. In 2018, KuCoin secured $20 million in Round A funding  from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is  currently the fifth biggest crypto exchange. In 2021, Forbes named KuCoin as one of  the Best Crypto Exchanges of 2021. For more information, visit https://kucoin.com  

    Contacts
    • Yolanda Yang
    • media@kucoin.com
  • Cardano Price Analysis – ADA Sees Much Needed Retracement As Buyers Take Short-Term Break

    Cardano Price Analysis – ADA Sees Much Needed Retracement As Buyers Take Short-Term Break

    Key takeaways:

    • ADA might have dropped 5% today but is still up 11% on the week.
    • The coin surged into the May high-day closing price at $2.28 and rolled over to break back beneath $2.00.
    • Against Bitcoin, Cardano hit June resistance at 4740 SAT and has since dropped to 4400 SAT.
    Cardano price$1.99
    Key ADA resistance levels$2.00, $2.10, $2.20, $2.28, $2.40, $2.51, $.260, $2.70, $2.78
    Key ADA support levels$1.90, $1.80, $1.75, $1.65, $1.60, $1.50, $1.45

    ADA fell back beneath $2.00 today after falling by a total of 5%. The cryptocurrency reached the May high-day closing price at around $2.28 on Saturday and has since rolled over from there as it starts to retrace.

    ADA is now up almost 70% over the past month, so it is no surprise that the market has started to retrace – allowing the buyers to have a short break before pushing higher again.

    With the latest price hikes, it seems that institutional investors are making their first moves into the Cardano blockchain. According to CoinShares, a crypto asset management firm, the Cardano blockchain has seen a total investment reaching $28 million from institutional investors.

    The primary fundamental driving force behind the recent ADA growth is the anticipated smart contract launch on the blockchain. The team recently announced that they are targeting September 12th to be the launch date for when smart contracts will go live on Cardano when the Alonzo upgrade finally goes live.

    This will usher in a new era for Cardano as projects will finally be able to launch on top of its blockchain – similar to how UNI, AAVE, and COMP are sitting on top of Ethereum.

    ADA remains ranked in the 5th position, as it currently holds a $62 billion market cap value. It will be interesting to observe what Cardano coin price prediction for 2022 will be.

    Let us take a look at the ADA markets and highlight some areas of support and resistance moving forward.

    Cardano Coin Price Analysis

    What has been going on?

    Taking a look at the daily chart above, we can see that ADA rebounded from $1.05 in the final half of July and started to climb higher inside an ascending price channel. Last week, ADA broke toward the upside of the price channel as it started to explode and turn parabolic.

    The parabolic move allowed ADA to initially surge into resistance at $1.90, provided by a bearish .618 Fib Retracement level. This resistance was finally penetrated last Friday, which saw ADA climbing further higher to meet resistance at $2.28 on Saturday. The resistance here was the high-day closing price seen in May.

    Since hitting this resistance, ADA has rolled over and started to fall. We can see that it is using the previous resistance at $1.90 as support and rebounded higher from there today as it battles to break $2.00 again.

    After such a parabolic move higher, it is no surprise that ADA is seeing a retracement. The retracement allows the buyers to take a little break before resetting and pushing the market higher again.

    Cardano price short term prediction: BULLISH

    The break above $1.50 has now turned ADA bullish in the short term as it pushed above the July highs. To turn neutral, ADA would need to drop beneath the 100-day EMA at $1.50. A break beneath $1.25 (.618 Fib & 200-day EMA) would turn the market bearish in the short term.

    Looking ahead, if the sellers push ADA beneath the $1.90 support, further support lies at $1.80 (.382 Fib Retracement), $1.74 (20-day EMA), and $1.65 (.5 Fib Retracement). Additional support is then expected at $1.50 (.618 Fib Retracement & 100-day EMA) and $1.45 (50-day EMA).

    Where Is The Resistance Toward The Upside?

    On the other side, the first resistance above $2.00 lies at $2.20 (bearish .786 Fib Retracement). This is followed by $2.28 (May high-day closing price), $2.40, and $2.51 (ATH price). Beyond the ATH, additional resistance lies at $2.60 (1.272 Fib Extension), $2.70, and $2.78 (1.414 Fib Extension).

    For some alternative analysis, I would recommend looking at this piece.

    ADA/BTC price analysis

    What has been going on?

    ADA is also performing remarkably well against BTC. Last week, the coin managed to break above a symmetrical triangle pattern as it exploded from 3200 SAT to push higher and hit the June resistance at 4740 SAT over the weekend. 

    It has since dropped lower from there as it dipped as low as 4230 SAT today. It has rebounded, and the bulls are attempting to regain the support around 4400 SAT, provided by a .236 Fib Retracement level.

    ADA/BTC price short term prediction: BULLISH

    The break above the July highs at 4200 SAT has allowed ADA to turn bullish in the short term. It would need to drop back beneath 4000 SAT (100-day EMA) to turn neutral again and would have to continue much further beneath the support at 3500 SAT (.786 Fib Retracement) to be in danger of turning bearish.

    If the sellers push lower, the first support lies at 4150 SAT (.382 Fib Retracement). This is followed by 4000 SAT (.5 Fib Retracement & 100-day EMA), 3780 SAT (.618 Fib Retracement & 50-day EMA), and $3500 SAT (.786 Fib Retracement).

    Where Is The Resistance Toward The Upside?

    On the other side, the first resistance lies at 4600 SAT. This is followed by 4740 SAT, 4800 SAT, 4960 SAT, and 5050 SAT (ATH price).

    Beyond the ATH price, resistance lies at 5200 SAT (1.272 Fib Extension), 5400 SAT (1.414 Fib Extension), and 5600 SAT.

    Keep up-to-date with the latest ADA predictions here.

  • Ethereum is Likely to Reach its All-Time High Before Bitcoin

    Ethereum is Likely to Reach its All-Time High Before Bitcoin

    Key takeaways:

    • Ki Young Ju, the CEO of on-chain and market analytics tools provider CryptoQuant, predicts that we will see an ETH ATH before a new BTC ATH
    • Ki uses exchange flows and cryptocurrency reserve amounts as an indicator for his prediction
    • Ethreum is underground a bigger supply shock than BTC, with London upgrade, Eth2 staking contract, and DeFi applications shrinking the circulating supply of available tokens

    According to Ki Young Ju, CEO of on-chain and market analytics tools CryptoQuant, we are more likely to see Ethereum reach its all-time high before Bitcoin does. Ki points to the fact that ETH’s sell-side liquidity crisis is still intensifying, while BTC hit its lowest reserve levels on crypto changes back in May, to support his prediction.

    Analyzing Bitcoin and Ethereum exchange flows

    Image source: CryptoQuant

    Bitcoin exchange reserves have experienced a sharp decline from over 2.71M BTC in September 2020, to 2.39M BTC at the lowest point in May 2021. After bottoming out the reserve grew in June and July, before a considerable drop heading into August.

    Image source: CryptoQuant

    On the other hand, Ethereum exchange reserves have seen a continuous linear drop that saw the ETH reserve amount drop from 26.2M ETH in Aug 2020, to 19.4M on Aug 17th, which signifies a 28% year-over-year decrease and at the same time a renewed two-year low.

    According to CryptoQuant’s CEO, who has amassed a community of 230K Twitter followers and has over the years become a renowned figure in the cryptocurrency space, the Ethereum supply shock is more severe as can be deduced from the images of exchange flows above.

    Eth2 staking contract, London upgrade and DeFi-related use-cases have shrunk the amount of available ETH

    The demand for the second-largest cryptocurrency has started increasing long before the London Hard Fork has live on August 5th. A month earlier, CEO of ConsenSys Joseph Lubin identified key factors about the Ethereum network that pointed to an imminent increase in prices. In the market rally following the London update, the total market cap grew by more than $200 billion.

    EIP-1599 went live as a part of the London upgrade and introduced Ether burning and thus brought additional deflationary pressure on EHT. Furthermore, with the Ethereum 2.0 upgrade reportedly coming sometime by the end of this year, the number of ETH tokens staked in the ‘2.0’ contract is immense. According to analytics provider Nansen, Eth2 staking contract holds 6.73 million ETH, which are worth more than $20 billion at current prices.

    Image source: DeFi Pulse

    Additionally, there is 9.6 million ETH locked in Aave, Maker, Compound and other popular DeFi protocols, which provide an added layer of pressure on the Ethereum supply. At the moment, Ethereum is retesting the $3,000 support level that was breached on August 7.

    Buy/Sell ETH
  • Molecule Partners with VitaDAO and Nevermined Creating First Ever Biopharma IP-to-NFT Transfer for Longevity Research

    Molecule Partners with VitaDAO and Nevermined Creating First Ever Biopharma IP-to-NFT Transfer for Longevity Research

    Press Release: Molecule, a decentralised biopharma marketplace, has developed a novel IP-to-NFT framework with Web3 technology innovator Nevermined. In a historic transaction, the first biopharma IPNFT was successfully transferred to research collective VitaDAO to fund novel longevity therapeutics at the University of Copenhagen.

    18th August 2021, Basel, Switzerland — For the first time in history, NFTs are being used for a transfer of IP ownership in medical research. This unique milestone is a result of a partnership between biopharma IP marketplace Molecule, and VitaDAO, a decentralized collective (DAO) funding longevity research, and the University of Copenhagen. This innovation is enabled by a groundbreaking data storage solution developed by web3 technology innovator Nevermined.

    VitaDAO, Nevermined and Molecule Overcome Biopharma Industry Challenges 

    Early-stage biopharma research is the lifeblood that fuels advances in medicine. However, many domains in biopharma suffer from chronic underfunding or commercialisation challenges that prevent innovation from reaching patients. Legal complexity, illiquidity of IP assets and lack of access to investors contribute to the problem for researchers. 

    By applying Web3 technology, Molecule is enabling a world where researchers get access to an open marketplace that makes novel research and IP discoverable, universally fundable and distributes ownership. Nevermined’s data storage and access control frameworks create entirely new ways of how the data rights surrounding this IP can be transacted with and accessed.

    VitaDAO recently became the first benefactor of this advancement. The collective used Molecule’s protocol and IP NFT framework to acquire IP resulting from longevity research run at the Danish Scheibye-Knudsen Lab and transferred ownership to VitaDAO.
    Molecule CEO Paul Kohlhaas stated: 

    “This NFT transfers marks a historic milestone for both the NFT and biopharma space. It’s the first time real-world pharma IP is transacted on a blockchain, while also moving into custodianship of a DAO.”

    Combining Legal Frameworks with Web3 Interoperability

    The early-stage research phase is plagued by a phenomenon coined the Valley of Death – where funding is hard to obtain, meaning many promising discoveries never make it to market. Molecule is building a marketplace for biopharma IP. 

    A specialised technical framework combines legal agreements such as IP licenses with the novel technology of NFTs and decentralised secure data storage networks that are coupled with the NFT. By ledgering ownership rights on Ethereum, Molecule is building a marketplace for liquid biopharma research data and IP via NFTs. Researchers and biotechs list their projects and discoveries, receive funding via DeFi and can connect directly with patients. Paul Kohlhaas added:

    “IP NFTs could effectively replace patent models and become new value drivers thanks to Nevermined’s data storage frameworks. We hope to enable a myriad of use cases like this, first focusing on longevity and mental health and then broadly becoming a sort of “OpenSea” for Biotech NFTs that helps empower new research organizations like VitaDAO.” 

    Simultaneously, new vehicles to collaborate and fund research are forming in the web3 space. VitaDAO is a “Decentralised Autonomous Organisation” that collectively funds early longevity research projects via its community contributors. In June 2021, it raised $5 million from hundreds of individuals via a Gnosis batch auction – placing the organisation directly into the hands of its community. Now it is on a mission to finance the most promising longevity research endeavours and decentralise their ownership.

    Want to Live Forever? There’s an NFT for That

    The complex requirements for storing, transferring and accessing IP-related files require more than just a standard NFT. Nevermined implemented its Access Control module to create NFTs on steroids with Molecule. These novel NFTs enable the transacting parties to engage with the underlying protected research data via federated access control. This use case has a wide range of applications in the pharmaceutical industry.

     Nevermind CTO Aitor Argomániz stated: 

    “Access Control allows creators and owners of digital assets to attach conditions to an NFT. Think of things like pricing, verified users, privacy parameters, etc.. At the same time, it acts as a Gateway to guarantee that only parties that fulfill certain conditions can get access to the underlying documents.”

    The module is also cross-tech-compatible. This allows apps to make secure, critical connections between Ethereum, the cloud (e.g AWS) and decentralised hosting (e.g Arweave). This is the only way to guarantee a Certificate of Authenticity with permanence, traceability and privacy built-in..

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    Media Contact Details
    Contact Name: Oana Ionescu
    Contact Email:  oana@keyko.io

    Molecule 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.