In the last few years, many people worldwide have ventured into the crypto market, trading one form of digital asset or another. The mainstream adoption is making people more and more comfortable with using cryptocurrency, and it’s not uncommon for people to argue that it is a substitute or replacement for physical cash.
However, some influential figures from the world of traditional finance and banking couldn’t disagree more. Such is the recent analysis given by the governor of the Bank of England, Andrew Bailey. In his analysis, Bailey mentioned that people should never mistake digital assets for cash.
The governor prefers stablecoins to decentralized assets
While the governor is not that big on digital assets, he was keen to add that stablecoins could become an essential addition in the financial sector. In the speech that Bailey gave at TheCityUk’s conference, he predicted that companies in the FinTech sector would witness what he described as tough love in the years to come. He also went further to mention that he foresaw the United Kingdom with a vast amount of innovation.
Bailey also said that the United Kingdom is presently researching stablecoins pegged to fiat currencies. He conceded that they are beginning to look into creating their own Central Bank Digital Currency. While the country is concerned about making its own CBDC, Bailey also issued another warning to traders of digital assets across the country on the dangers of trading coins like Bitcoin.
Bailey said that stablecoins could become of systemic importance:
“Stablecoins have the potential to be systemic in terms of their importance for the financial system and its stability.”
He also pointed out that the term cryptocurrency is misleading as crypto assets have no legal backing and possess no intrinsic value whatsoever. The BoE governor also said that he has met with many crypto enthusiasts who have mentioned that they would prefer an asset backed by nothing over an asset backed by the state, but Bailey is not buying that argument.
Cryptocurrencies are the new hype, that much is clear. In the last few years the new currencies became more and more popular and especially last year the interest of the people rose a lot. Since Elon Musk and Tesla started to publicly support Bitcoin, the digital currency and its smaller siblings have started to increase in value and popularity. Not only Tesla started to accept the coins as a payment option. More and more companies started to follow and now there are even bars in which you can pay with the digital coins.
As many know already, the last year has been pretty turbulent for cryptocurrencies. After the support of Tesla the coins increased in value immensely and many people, who had invested in the right time, got a big smile on their faces.
Alternatives to the giant Bitcoin, which are known as Altcoins, also moved into the focus of investors and companies which are interested in using cryptocurrencies. Many branches of the market have reacted quickly. Online gambling providers such as Ethereum Casinos have been popping up everywhere, accepting the alternative cryptocurrency and preferring it over Bitcoin. The gambling and gaming industry is not an exception as it is known to follow technological development closely.
Bitcoin’s leadership starts to crumble
Now though Tesla withdrew its support of Bitcoin due to concerns about the impact the mining process of the coin has on the environment and its sustainability in general. This has impacted Bitcoin in a rather bad way and the currency dropped by more than 40 % overnight leaving many investors in a desperate position. However the allegations have also led to increased interest in alternative options.
The industry is shifting its focus not without a reason. Ethereum has many advantages compared to the big brother Bitcoin. But what exactly are the reasons for Ethereum deserving more attention? We have brought together the most important facts about Ethereum that you need to know!
Better technology?
The first reason why you should give more attention to Ethereum is that it is simply based on a very advanced technology which is better than most of the others. The Ethereum coin is a decentralized, open-source blockchain with smart contract functionality.
The main point of interest about Ethereum is that it is not only a digital currency like all the other coins, but more of a platform with many different aspects, that is based on blockchain. The code Ethereeum is based on is known as turing-complete, which basically means that the code can run any different program that can solve complex mathematics. The system of Ethereum is able to solve extremely complex computational equations in a very short time.
Furthermore, Ethereum offers something called The Ethereum Virtual Machine (EVM) which is a smart contract that uses Ethereum’s currency Ether for peer-to-peer contracts. If you want to be part of Ethereum you will be given a personal Ethereum wallet, in which your crypot assets are stored. The walled can store different cryptocurrencies at the same time and allows you to create and use smart contracts.
Ethereum is fast and secure
While concerns have been rosen about the security of certain cryptocurrencies, Ethereum is known to be one of the safest. As the coin is completely based on a decentralized system, it is incredibly difficult to follow the transactions. This makes it very safe against fraud and censorship.
As the blockchain technology of Ethereum is so advanced, the transactions are recorded much faster than with Bitcoin. We are talking literally about seconds rather than minutes. All of this is possible because of the smart contracts that we have mentioned earlier. This amazing technology helped to provide greater security, faster transactions and lower costs.
Efficient number of applications
To prove membership or represent your virtual shares or assets one can use digital tokens. Ethereum allows the creation and use of those tokens which can be extremely helpful in many ways. The tokens can be used for diverse purposes such as representation of shares, fundraising or voting.
One can effectively choose between having an amount which is fluctuating and always in circulation or having a fixed amount of tokens that is predetermined by certain rules. As Ethereum’s blockchain is very fast and flexible, it attracts lots of companies and organisations that are looking for an efficient network of cryptocurrencies.
Usually transactions require an intermediary to be completed which increases the time of the transaction and its costs. Ethereum though made it to eliminate any third parties which makes it especially fast and cheap.
Ethereum is well established in the market
To be an efficient cryptocurrency that is a real alternative to fiat currencies it is not enough to be just fast and well structured. In the end the whole thing only works, if the coins are accepted by a large number of merchants. Fortunately Ethereum is not a small fish in the ocean anymore. After Bitcoin, Ethererum is the second largest cryptocurrency by market capitalization and has already big influence.
Obviously the main idea behind the project is to create a vast network that uses Ethereum as payment method and exchanges value via the digital coin. The participants of this network are not small fish either. Big global players like JP Morgan, Microsoft and ING are among the 180 members of the alliance.
And guess what, the number of members keeps on growing and gives experts reason to believe that Ethereum has great chances to survive in the future and to be able to push forward the movement towards a global digital monetary network that operates vast and secure and eventually replaces the old school fiat currencies out of the race.
June 11, 2021 — MahaDAO is preparing to launch what it calls the world’s first valuecoin on June 22nd. The asset, ARTH, will initially go live on the Polygon network.
A fractional reserve stablecoin fully backed by collateral, ARTH is also set to be deployed on Ethereum, Binance Smart Chain (BSC), and other blockchain networks in the near future.
Distinct from common stablecoins such as USDT and USDC, ARTH’s value is reflected by the underlying buying power of the asset rather than the price. Instead of being backed by the US dollar (USD) as is common with fiat-pegged stablecoins, for example, ARTH is pegged to a basket of uncorrelated assets as follows: 5% bitcoin, 15% gold, 80% fiat.
After launching on June 22nd, MahaDAO will enable users to farm its new collateral-backed stablecoin, with rewards paid in MAHA and ARTHX tokens. Farming will be available on SushiSwap, DFYN, and other leading decentralized platforms.
MAHA is the protocol’s native governance token while ARTHX is a deflationary token designed to absorb the volatility of ARTH and guarantee its stability.
Holders of MAHA tokens have authority on whether to redistribute ARTH’s non-correlated basket of assets – i.e. reduce the percentage of fiat while increasing that of bitcoin.
Users keen to participate in the MahaDAO Genesis launch can pledge collateral in the form of USDT, USDC, DAI, ETH, and MATIC in exchange for ARTHX tokens. Users who participate in the Genesis will also receive lottery tickets to win a NFT by the MahaDAO team.
With US national debt having exceeded $27 trillion for the first time in 2020 and inflation currently sitting at 4.5%, the MahaDAO team firmly believes that the time is right for a new kind of hedge that is not overdependent on the value of the US dollar.
Several projects have already set up integrations for ARTH, including three projects incubated by MahaDAO itself. These are set to go live alongside the launch of the platform on June 22nd.
About MahaDAO
MahaDAO is the DeFi project behind algorithmic valuecoin ARTH. The valuecoin gives holders’ financial freedom with zero volatility, as it is value-stable and controlled by its community via a separate governance token, with holders able to vote on savings rates, stability fees, direction, strategy and future developments for the ARTH token.
ProBit Global will be listing TRC20 utility token MELO accompanied by a trio of pairs including BTC, ETH, and USDT once trading launches June 22. Housed on the Tron network, MELO is the keystone behind the platform’s near-feeless architecture and wields rapid transaction processing speeds to accommodate increased traffic.
Extending a gratuity after receiving service is encouraged or even expected in some countries and, in others, a cultural faux pas. This regional subjectivity creates numerous inefficiencies within the global gratuity system, leading to uncertain and perplexing tip determinations.
Melo Token platform has developed a gratuity aid that boasts frictionless global usage and produces gratuity recommendations aligning with the local cultural expectations. Melo Token elucidates gratuity expectations in an intuitive, unified shell that notifies users which transactions entail a gratuity.
Melo Token will optimize its autonomous gratuity recommendations over time with an integrated machine learning protocol. The platform analyzes user transactions in conjunction with a geographic location to make appropriate tip recommendations based on supply, demand, and service quality. Users are informed of the average gratuity sum and can adjust their level of appreciation relative to the market average.
Melo Token was developed on the Tron network to avoid ecological inefficiencies typically associated with emerging distributed systems. As sustainability is a key global corporate metric, firms proactive in evaluating their energy consumption and committing to greener operational approaches will thrive.
In addition to sustainability efforts, Melo Token offers seamless platform interoperability for gratuity payments across leading social media outlets including Twitter, Telegram, Reddit, Discord, and others.
Melo Token empowers users with newfound insight and confidence into subjective gratuity culture by adequately addressing each unique service circumstance and eliciting recommendations and data that add much-needed clarity on tipping expectations.
Melo Token’s accessibility, low-cost fee structure, and protocol sustainability satisfy frequently cited grievances with the decentralized project space to galvanize the next iteration of gratuity culture.
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.
ABOUT MELO TOKEN
Melo Token platform was developed to tackle inefficiencies in the global gratuity system. MELO, the protocol native TRC20 token based on the Tron network, boasts high network sustainability
and can process 2,000 transactions per second. Melo Token networks tokenomics plan includes a 20% reserve allocation that enables flexible strategic maneuvering as consumer and societal expectations of decentralized tokens evolve.
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
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To celebrate the Launch of the ATC (Advanced Trading Chart) with the conditional orders and share the love with our users, we’re launching an “Instant Bonus to increase your purchasing power”.
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Which coins are allowed for the Instant Bonus?
Only BTC is allowed to open the contract with the Instant Bonus
Instant Bonus account workflow
We are launching an Instant Bonus service to satisfy users’ funding requirements, requiring ParamountDax users to pledge corresponding digital assets as a trading volume in order to receive the bonus at the end of the contract.
Let’s make an example, John registered on ParamountDax Exchange and deposited 10 BTC and opened a contract for 90 days. So John will have a trading power of 13 BTC, (the 10 BTC he deposited and the 3 BTC for the Instant Bonus).
Let’s assume that during this 90 days, John with his 13 BTC makes a profit of 1 BTC on the ParamountDax platform, the 1 BTC profit derived from his trading can be withdrawn, and also the 3 BTC Instant Bonus received can be withdrawn at the term of the 90 days if John reaches 1500 BTC trading volume requested.
Regarding Bonuses:
Here is a list of bonus percentage:
In the bonus system, we have steps. One step equals 25%.
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Reaching the planned trading volume up to 100% before closing the contract does not close the contract earlier than the specified period.
We always intend to improve and innovate to reward our users for their continuous support.
In summary, the new Instant Bonus and the Artificial Intelligence are just one of the several enhancements we offer to our users. We offer a simple approach to your investment needs with an impressive trading Platform that allows users to increase their power trading and grow their profits.
Bitcoin Press Release: It’s time to own the field by joining the EURO 2020 1xBit tournament and making it count!
17th June, 2021, Limassol, Cyprus — Not good at playing soccer? No problem! You can showcase your swift decision-making skills and strategic gameplay abilities by indulging yourself in the most important sports event of the year at 1xBit – the EURO 2020! At 1xBit, we seek to create an inclusive environment for all users throughout all events that take place during the year. You do not have to be a hardcore fan of soccer to win big at the 1xBit EURO 2020 event.
After all, it is all about brushing up on the basics, understanding what is at stake, and placing your wagers at the EURO 2020 slot tournament. What’s holding you back? Our carefully thought and exciting football themed slots await you!
Are You In It To Win It?
You do not have to be a football fan to know that the game itself is intense and attracts attention across the globe. Well, the EURO 2020 slot event at 1xBit is fairly similar! It is adrenaline pumping, fiercely competitive, and will put your skills to the ultimate test.
You need to be willing to earn your place and go home with the ultimate prize on you.
When the ball drops, you know you have to kick it all the way to victory at the EURO 2020!
Are You In It To Win It?
You do not have to be a football fan to know that the game itself is intense and attracts attention across the globe. Well, the EURO 2020 slot event at 1xBit is fairly similar! It is adrenaline pumping, fiercely competitive, and will put your skills to the ultimate test.
You need to be willing to earn your place and go home with the ultimate prize on you.
When the ball drops, you know you have to kick it all the way to victory at the EURO 2020!
I’m Game Enough – What Do I Need To Know?
In order to participate, you need to play the following football themed slots:
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5th-10th place – 100 free spins in Primal Hunt
11th-20th place – 50 free spins in Book of Darkness
When it comes to soccer, 1xBit is a platform where the love for sports meets the love for dabbling in cryptocurrency and winning exciting rewards. After all, 1xBit is an online sportsbook that lets you play your favorite casino games and slots!#
However, 1xBit is unique from other online sports betting and casino game platforms. We care about all our players, both new and old. All newcomers are rewarded with up to 7 BTC welcome bonus for the first 4 deposits. Plus, 1xBit is multi-currency friendly. We are always expanding the range of different cryptocurrencies you can use on 1xBit!
We do not believe in making you wait too long, which is why you get to access instant payouts! Additionally, your privacy is never compromised at 1xBit. You get to play and win anonymously without so much as sharing your real name!
Plus, don’t miss your chance to take part in the biggest lottery from 1xBit – EUROMANIA 2020! All you need to do is to place bets on your national team and collect lottery tickets. The more tickets you have, the better your chances of winning up to 3 BTC!
1xBit 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
Crypto payment remittance service Vendit has confirmed its upcoming IEO on ProBit Global, offering VNDT at $0.04 starting on June 30, 2021.
According to a PWC report, 57% of respondents reported feeling unsure or unlikely to respond to the trend. Another 83% asserted that they were at best “moderately familiar” with blockchain technology. The hesitancy or disinclination towards breakthrough technology such as blockchain can significantly restrain the future growth potential of organizations, particularly those in a rapid-fire sector like finance.
While some blockchain projects aim to disrupt traditional payment rails, Vendit takes a more holistic approach by onboarding crypto payment infrastructure through concrete use cases and incentives that ideally complement traditional payment solutions with their digital counterparts.
The digital payment solution establishes convenient intersection points to optimize payment solutions for customers to allow for gradual adoption through steady implementation for both retailers and merchants alike to drive the sector forward. Vendit also shoulders all risks associated with cryptocurrency payments on behalf of merchants and financial entities who can opt to deal solely in fiat and avoid any unwanted technological barriers.
All backend development is exclusively done by Vendit and integrated through a PoS infrastructure that connects all onboarded merchants. The platform has already added ridesharing giant Uber to its supported applications that will enable customers to conveniently pay in a variety of cryptocurrency such as Bitcoin.
Vendit revealed further plans to integrate major social media networks to accommodate cross-platform transactions as part of their one-stop shop app approach.
The platform also detailed their ongoing contract negotiations with several public transportation organizations to enable convenient crypto payments for transit services. Vendit has also secured LOI signed with public financial organizations and expects to convert these agreements into contracts by the end of 2021.
VENDIT tokens are primarily used for transaction gas fees between clearinghouses and will enable token holders to earn cashback rewards in stablecoins pegged at a value of .01 USD. Backed by equivalent USD capital, these stablecoins will feature quarterly audits for enhanced transparency.
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.
ABOUT VENDIT
Vendit is an actual company with legitimate business usage and intentions rather than just a project. By developing and deploying modern and established financial technologies for usage intended for established financial institutions in third world countries, we gain the ability to promote cryptocurrency and blockchain adoption from inside the current financial industry ecosystem.
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
100,000+ community members 800,000+ 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
Elrond Network, the developers of the eponymous internet-scale blockchain protocol, today announced the full integration of Bitcoin into their non-custodial digital wallet app Maiar.
With deep care for the user, elegant design, and an intuitive interface, Maiar enables any phone user to get a working non-custodial blockchain wallet in seconds.
Its intuitive simplicity allows everyone to store, earn, and pay using cryptocurrencies using @herotags – unique usernames that obviate the need to use complex address strings 1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1 and instead use something like @satoshi.
“Bitcoin has carved a path for highly secure cryptocurrencies with strong store of value properties to become accepted in traditional finance, irrevocably establishing the digital asset class. Its addition to Maiar will accelerate the adoption of our money app and the underlying Elrond blockchain infrastructure.” said Beniamin Mincu, Elrond Network CEO.
Existing Maiar users will have the pleasure of discovering that they have always had a Bitcoin address attached to their @herotag. It has been part of the onboarding process, when a newly created Elrond Network smart account gets a @herotag, an eGold address, and BTC, ETH, and BNB addresses as well.
The Bitcoin integration is the latest evolution of the money app Maiar, whose rapid global adoption has accelerated beyond the 400,000 user mark in just 4 months since debuting in the top app marketplaces globally. It is available on iOS and Android phones, in 6 languages including English, Spanish, French, German, Romanian, and Indonesian.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
The multi-stage DAO1 International Blockchain Hackathon commences on June 18, 2021.
June 16, 2021, Singapore: The community-led socio economic blockchain infrastructure project DAO1 has finalized the dates for its first of many blockchain hackathons. The DAO1 International Blockchain Hackathon will be held in two stages from June 18, 2021 till July, 2, 2021, enabling participants to showcase their innovative projects to a wider community. Registrations for the event are open till June 18, 2021 23:59 UTC.
DAO1 is a community-led, Decentralized Autonomous Organization (DAO)- governed project that offers some of the best financial products as it embarks on a mission to promote universal access to specialized financial solutions to the masses.
The International Blockchain Hackathon and the upcoming DAO1 Incubator Program are part of DAO1’s initiative to promote innovation in the field of blockchain-based financial products.
The upcoming DAO1 International Hackathon will be held in two stages. Registrations for Stage 1 is now open till June 18, 2021 at hackathon.dao1.org.
How to Participate
Visit hackathon.dao1.org and click on the “Register” or “Sign up now” buttons to sign up and fill the accompanying form to register for the DAO1 International Blockchain Hackathon. Please provide brief details about your team and the innovative idea that you wish to turn into a reality. Once the applications are filled the jury members, which are seasoned blockchain developers and industry experts, will verify all the entries and shortlist the submissions that will proceed to Stage 2 of the Hackathon.
The shortlisted participants from Stage 1 will be announced on June 20, 2021 and the selected entries will proceed to Stage 2. They can continue working on their idea to create a proof of concept that needs to be submitted before the second stage of the hackathon kicks off on June 30, 2021. The jury will evaluate the final submissions and interact with the teams to understand the projects and the problems they are planning to solve. Following the evaluation of submissions by DAO1 Hackathon’s panel of judges the entries will be voted upon by the DAO1 community. Based on the decisions of the jury and the community, DAO1 will announce the winners of its first ever International Blockchain Hackathon.
Eligibility Criteria
To participate in the DAO1 International Blockchain Hackathon the participants should hold at least 1 DAO1 Token, which is available for purchase on major DEXs like Uniswap, QuickSwap and SafeSwap in addition to centralized exchanges such as BarterTrade.
The hackathon is not accepting entries from already established blockchain projects. Only fresh ideas and new projects can apply for the event.
Important Dates
Registrations for the DAO1 International Blockchain Hackathon will Close on June 18, 2021, followed by Stage 1 of the event where the candidates will be shortlisted for the next stage.
The shortlisted candidates for the Stage 2 of the DAO1 International Hackathon will be announced on or before June 20, to be followed by the pre-hackathon (Stage 2) preparation. During the 2nd Stage participants will develop the Proof of Concept/MVP of their idea along with accompanying presentations and documentation for final submission before June 29, 2021.
Stage 2 of the hackathon is scheduled from June 30 till July 2, with exciting sessions from some of the top minds in the crypto industry, followed by announcement of winners based on the jury evaluation and community voting.
Winners of the DAO1 International Hackathon will receive prizes from the 25000 USDT prize pool along with a guaranteed position in the upcoming DAO1 Incubation program where they can fulfil the transformation of their idea into a full-blown product.
Hurry! register before June 18 to participate in the DAO1 International Blockchain Hackathon
About DAO1
DAO1 is an all-inclusive community-led socio economic blockchain architecture with tools like Decentralized Fund (DeF), Hybrid Advisory, Startup Funds, Incubator platform, and NFT Charity initiative that empower the community to pursue financial sovereignty under excellent governance from day-one.
