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  • 1xBit Introduces DAI Stablecoin as a New Gambling Currency

    1xBit Introduces DAI Stablecoin as a New Gambling Currency

    Bitcoin Press Release: DAI users can now enjoy an engaging betting experience with their favorite stablecoin. 

    7th July 2021, Limassol, Cyprus — Online crypto gambling site, 1xBit.com, has announced the introduction of DAI token as one of its betting currency options. This provides punters who love anonymous betting with more options to make faster and easier payments.

    What is DAI?

    The DAI token is a stable coin built on the Ethereum blockchain, with its value equal to one US dollar. It also serves as the key to the MakerDAO lending system. DAI is created whenever a loan is taken on the MakerDAO. It is the official currency of the lending system, used by users to borrow and make payments. When the DAI coin is created, it operates as an Ethereum stable token. Users can pay for different items with the stable coin by simply transferring through Ethereum wallets.

    What makes the DAI token special is how the price is kept constant. This happens through smart contracts that are automatically executed. If the DAI price shifts too far from a dollar, MKR tokens are created or burned to stabilize the price.

    The algorithms of the MakerDAO platform manage DAI prices automatically. This makes it independent of any system or person to keep the currency steady. Holders of MKR benefit when DAI remains one dollar as the supply of MKR decreases and becomes more valuable and rare. To date, the DAI token has been stable for more than three years and has experienced only little fluctuations.

    DAI Comes To 1xBit

    The introduction of DAI to the 1xBit’s platform adds to the list of stable coins already available on the site. 1xBit continues to expand its number of available currencies and provide more betting opportunities. At the moment, thousands of punters are partaking in the most prominent online lottery – EUROMANIA 2020 with a 3 BTC prize fund.

    Many lucky punters will be walking away with 100 mBTC and other prizes just for betting on EURO 2020. The winner of the grand lottery draw walks away with a 1 BTC star prize. DAI users can also collect their lottery tickets now by betting on EURO 2020 events on 1xBit. The lottery runs until July 11, don’t forget to collect your tickets!

    150 Free Spins

    1xBit is offering all users who deposit at least 150 in DAI a wonderful prize of 50 free spins in Betsoft’s “QUEST TO THE WEST!” slot game. The offer is time-limited, so hurry to grab your gift!

    About 1xBit

    Founded in 2016, 1xBit is one of the leading cryptocurrency gambling platforms. It offers many sports betting options and thousands of casino games. Here are benefits you’ll enjoy when you gamble on 1xBit:

    ● Welcome bonus: New members on the site can get up to 7BTC bonus cash for their first 4 deposits.

    ● Multi-Currency Account: Choose one of 30+ coins available and get the option to change your currency at any time.

    ● Instant payouts: 1xBit’s payment system is based on cryptocurrency. Thus, you’ll experience no delays in getting your cash when you request withdrawals. Your money is credited instantly to your wallet!

    Stay up to date with 1xBit and be the first to find out its latest bonuses through 1xBit social media channels:

    Twitter | Telegram | Blog | Instagram | Youtube

    Media Contact Details

    Contact Name: Anastasia Semenova

    Contact Email: marketing@1x-bit.com 

    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

  • Former European Commissioner Phil Hogan Joins the Astra Protocol Advisory Board

    Former European Commissioner Phil Hogan Joins the Astra Protocol Advisory Board

    Dublin, Ireland, 6th July, 2021,

    Astra protocol, a revolutionary legal layer that brings unparalleled assurance to public blockchains, is excited to announce that the former European Commissioner for Trade, Phil Hogan, has joined its Advisory Board as an Executive Advisor.

    Phil has had an exceptionally successful political career. He brings a wealth of experience in international trade and relations. While serving as the European Commissioner for Trade, he was tasked by the President of European Union, Ursula von der Leyen, with the sensitive job of resolving the trade war with the United States.

    He was also responsible for negotiating investment deals with China, and securing the landmark trade deals with Japan and the South American Mercosur countries. 

    Phil Hogan will provide strategic guidance to Astra as it rolls out its legal assurance layer to governments and corporate institutions around the world.

    On joining the Astra advisory board, Phil Hogan said: “Decentralised finance is becoming increasingly prominent across the world, but the lack of robust, legal protection has hindered progress within major institutions. Astra offers the first sustainable and scalable bridge to support the mass adoption of decentralised finance products in the real world. Applications like the Astra protocol are the future, and I’m very pleased to be a part of it.”

    Astra protocol provides a decentralized assurance layer on public blockchains to fuel the growth of DeFi. It plugs into an existing DeFi platform to ensure that the funds arrive at their correct destination. 

    The protocol prevents insecure or invalid smart contracts from executing. If a transaction turns out to be a scam or the funds end up in a wrong wallet address, Astra can resolve the dispute and restore the funds immediately. 

    Astra protocol’s Chief Innovation Officer Sakhib Waseem said: “We are extremely pleased to announce Phil Hogan joining our advisory board, his well recognised experience in international relations, most notably as EU Commissioner of Trade, adds immeasurable value to our position, as we continue to bring further partnerships across the globe, supporting our mission to drive trust, assurance and growth to the DeFi industry as a whole.”

    About Astra

    Astra is a revolutionary legal assurance layer for public blockchains. It is designed to eliminate frauds, remove doubts, and resolve disputes efficiently to make public blockchains safe for all users. Astra enables governments, institutions, and individuals to transact with trust and confidence on smart contract networks such as Ethereum, Polkadot, Cardano, and others.

    For media enquiries, please contact: astra@theproofoftrust.com

    For further information, visit: https://astraprotocol.com/

    Contacts
    • Adam Ali
    • Info@theproofoftrust.com
  • Nexo Backs Qredo’s $16M Token Sale to Bolster Institutional Access to DeFi

    Nexo Backs Qredo’s $16M Token Sale to Bolster Institutional Access to DeFi

    London, England, 6th July, 2021,

     Nexo, the leading regulated institution for digital assets, has completed a strategic investment in decentralized digital asset infrastructure and technology provider Qredo. 

    Nexo contributed the funding as part of Qredo’s $16M Private Token Sale, thus becoming one of the company’s leading strategic backers and joining Coinbase, Figment, and Ledger Prime as an investor in the lead-up to Qredo’s upcoming public sale on July 8. The investment stems from Nexo’s constant search for new, innovative projects that will transform the digital assets landscape and contribute to the modernization of financial services.

    “The technical insecurity and inefficiency of existing methods of private key management have created very real business limitations” said Anthony Foy, Co-founder and CEO at Qredo. “We’re excited to put Nexo’s investment to work in the development of our groundbreaking innovation changing the way private keys are managed. Nexo’s backing, along with our other supporters, will speed the rollout of our innovative infrastructure and usher in a new era of security and capital efficiency for digital asset businesses.”

    “Since pioneering crypto-collateralized credit lines in 2018, Nexo has become a household name in terms of unlocking the liquidity of digital assets. As such and in addition to supporting Qredo financially, with our investment we are looking to underpin one of Qredo’s main goals – creating a reliable, secure, and compliant environment for institutional investors in the DeFi space,” commented Tatiana Metodieva, CFA, Head of Corporate Finance at Nexo. 

    By offering a novel approach to utility and governance tokens, Qredo is quickly establishing itself as a progressive player in the DeFi space. Nexo intends to leverage Qredo’s self-custodial wallets for a number of upcoming applications, thus seamlessly bridging DeFi and CeFi, just weeks after itself tapping into the vast potential of blockchain governance with its first NEXO Governance Vote.

    About Nexo

    Nexo is the world’s leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn on Crypto & Fiat suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $30+ billion for 1,500,000+ users across more than 200 jurisdictions.

    Official website: https://nexo.io

    Contact: 

    Nexo PR Team

    pr@nexo.io

    About Qredo

    Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in cryptocurrencies and decentralized finance. Qredo includes a novel Layer 2 blockchain protocol that enables users to seamlessly transfer and settle Bitcoin, Ethereum and other leading cryptoassets. Qredo’s advanced Gen 2.0 Multi-Party Computation (MPC) provides tier-1 bank security and eliminates the anxiety of private key management. Qredo’s network is designed to enable institutional investors to secure, settle, and access digital liquidity pools and participate in new innovations across DeFi.

    Official website: https://www.qredo.com

    Contact: qredo@wachsman.com

    Contacts
    • Nexo PR
    • PR@nexo.io
  • Investors lap up the adults’ token NAFTY in pre-sale funding

    Investors lap up the adults’ token NAFTY in pre-sale funding

    London, England, 6th July, 2021,

    Nafty, a DeFi ecosystem for the $97 billion adult industry, is excited to announce that it has concluded the pre-sale of its NAFTY token. 

    More than 400 public investors lapped up all the NAFTY tokens available for pre-sale in less than 54 minutes on July 5th, 2021. Nafty had allocated 3 billion NAFTY tokens worth 1000 BNB for the pre-sale, which represented 3% of the total token supply. In USD, the investors contributed over $300,000 towards the success of the project.

    NAFTY is based on the Binance blockchain and will be available on Pancakeswap for trading starting tomorrow, 7th of July, 2021, at 12 PM EDT. 

    Investors can use the NAFTY token on platforms across the Nafty ecosystem to pay for content and services. Nafty has already launched four adult content platforms – NaftyFans.com, NaftyPay.com, Nafty.tv and NaftyArt.com. 

    Nafty has partnered with well-known adult stars to make their exclusive 18+ content available on its platforms. By removing the middlemen and dramatically reducing the payment processing fees, Nafty enables adult content creators to earn more, and content consumers to pay less. 

    Token holders will earn a passive income from transaction fees charged across the Nafty ecosystem. They can also use it for tipping the adult creators, buying NFTs, and paying for subscriptions to Nafty.tv. 

    Since NAFTY is a governance token, the token holders can also participate in the governance matters to influence the roadmap of the Nafty ecosystem.

    “We are proud and excited to have developed an ecosystem of platforms, which, along with the NAFTY token, put the power and earning potential into the hands of the creators,” said Nafty CEO Rob Kemenyfi.

    Nafty levies a 4% fee on all transactions. It distributes the transaction fee as rewards to the current token holders in proportion to their holdings. 

    Another 4% fee is locked in the liquidity pool to reduce supply. Nafty spends the profits generated on its platforms to buy back and burn the LP tokens to increase the token value. An additional 2% will be eliminated from circulation in order to increase the value of the token for all holders.

    About Nafty

    Nafty is a decentralized NSFW ecosystem that empowers content creators using blockchain. It removes intermediaries, offers low-cost payment solutions and marketing tools to help creators build a fanbase. NAFTY is the governance token across the ecosystem. 

    Stay tuned:   Twitter   |   Telegram   |   Discord   |   Website |   Email

    Contacts
    • Will Palmer
    • willpalmer@janeowenpr.com
  • Bybit Transformation: A Newer and Better Crypto Trading Experience

    Bybit Transformation: A Newer and Better Crypto Trading Experience

    Singapore, Singapore, 6th July, 2021,

    Singapore, July 6th 2021 – What a rollercoaster ride it’s been — and we still have six more months to go before turning a new page in time. As observers to recent events can testify, one should always expect the unexpected with the crypto market. The months of May and June saw markets whipsaw amid heightened volatility. Midyear mayhem aside, it’s important for us to also remember the finer happenings in 2021 — including a massive first-quarter bull run, the support of new institutional players in the market, and new all-time-highs for the reigning leader of the digital assets pack, Bitcoin. Even Ether and other well-known tokens touched new records.

    It is Bybit’s utmost privilege to have grown our strong community more than twofold within the same time period. We now have 2.5 million global trading clients from all over the world, who come from more than 200 countries and territories. 

    On top of that, here are some of our recent significant milestones:

    • More than $1 trillion in total overall trading volume in Q1
    • A historic record of $76 billion within 24 hours in daily trading volume
    • More than $4.9 million in global BTC open interest
    • Exceeding $20 billion in ETH global volume

    We certainly could not have achieved any of the above without the ardent support of the community and partners. As we continue to listen and improve, Bybit has filled its pipeline with several exciting products and services to be launched. 

    Find out below exactly what’s going on in our biannual product launch with Bybit CEO, Ben Zhou.

    New Times, New Look

    Bybit is getting an upgrade in style. A new logo, new homepage design, new UI, and a brand-new mobile interface so everything is intuitively right at your fingertips. We are excited to unveil our revamped platform on both desktop and mobile in 2021 — but before that, we’d like to present an improved “us” to you.

    The Bybit logo is a symbol of who we are and what we stand for. We’ve put a bolder, fresher spin on our brand with this new design, lifting the “I” in Bybit to represent a candlestick graph — the embodiment of constant movement in the ever-changing crypto market. At our core, we remain the same: dedicated to listening to and caring about the needs of our community, while innovating to ensure we’re at the top of the crypto game at any given time.

    ByFi Center

    Decentralized Finance (DeFi) is truly a game-changer for the crypto space. There’s no reason for us not to bring the best of DeFi right to your doorstep, so here we are with our latest ByFi Center. We’ve opened the gateways to cloud mining, where you get enhanced hash power for your virtual ETH mining needs on your own schedule. Offering greater profitability with fewer risks, our cloud mining service provides 100% availability and no downtime, allowing you to mine with greater confidence and convenience.

    This product was only launched May 24, 2021, and contracts are sold out almost instantly with every supply renewal. We intend to expand the term offerings and take on other assets in addition to ETH soon. There’s no better time to harvest ETH directly “from the cloud.”

    WSOT 2021 Trading Competition

    Our unique global trading competition is like no other — after an unforgettable trading season in 2020, which saw 12,000 participants from different parts of the world, we’re back bigger and better than before. Greater challenges, greater rewards, so keep your eyes peeled as we reveal the epic battle, due to take place in August 2021. A prize pool of 7.5 million USDT, NFT collectibles and many more await!

    Spot & Options

    This is one of our most phenomenal updates of the year — Bybit is venturing into both spot and options trading! 

    We heard you. Crypto spot is not only a foundational starting point for new market entrants, but a complementary vector for derivatives traders engaging in hedging strategies. Scheduled for Q3 2021, we’re also excited at the prospect of listing new crypto trading pairs and assets more quickly than we’re launching them right now.

    Completing the derivatives set is options, slated for the last quarter of the year. Users can anticipate a full options product that offers both American and European options, allowing them to obtain the best liquidities from both markets. 

    Wallet 2.0 — Worry-Free Withdrawal

    And here is one last major update that everyone has been waiting for. As Bybit users well know, withdrawals are only available at fixed timing, three times a day, through our cold wallet. With exciting features and functions being added to the Bybit ecosystem, our wallet and, specifically, the withdrawal time window, will be going through an upgrade, too.

    No more waiting periods, no more “thrice a day.” You’ll be able to make withdrawal requests and have them processed instantly with Wallet 2.0. Stay tuned, as this is scheduled to be launched with spot trading!

    Surprises are endless with Bybit — our full suite of products and services will be ready by the end of the year, so you’ll never have to go anywhere else. That’s more from us to you — so you and crypto lovers worldwide have all their crypto needs fulfilled, right here at Bybit. And we do mean all of them! 

    Look out for all the latest Bybit news and offerings on our social media and Telegram communities.

    Contacts
    • Dan Edelstein
    • PR@marketacross.com
  • Collect Rare Cards and Combine to Earn Unique NFTs of US Presidents with PixelPotus

    Collect Rare Cards and Combine to Earn Unique NFTs of US Presidents with PixelPotus

    Press Release: PixelPotus launches their NFT collectible card game with flying colors as the Tezos community welcomes pixelated presidential tokens with open arms. 

    July 6 2021, Nevada, United States – Just halfway through 2021 and we see non-fungible tokens (NFTs) becoming a staple in every crypto enthusiast’s diet. With the NFT market total transaction value reportedly tripling in 2020 alone, NFT utilities and use cases continue to appear, and evolve throughout every corner of the crypto space. 

    Through the myriad of evolutionary pathways NFTs tread, nostalgia is one such pathway that PixelPotus pioneers, and molds anew.

    Collecting cards has never been this innovative or competitive.

    What is PixelPotus?

    Accurately named PixelPotus, this NFT collectible card game features digital POTUSes (Presidents of the United States) in their finest pixelated suits; lined up for inauguration!

    There are a total of 45 POTUSes available, each with a total of six levels of rarity as players combine cards to upgrade their favorite POTUS(es).

    You may be thinking, aren’t there a total of 46 POTUSes? You are correct, but lest we forget, Grover Cleveland acted as the 22nd and the 24th POTUS. Although President Cleveland would surely adore more publicity, PixelPotus ensures each POTUS gets a fair term in this game! 

    Get FREE POTUSes Today!

    All players are able to claim a free* (*inclusive of a minor Tezos network fee) common POTUS token once per day. To mint the increasingly higher rarity version of each digital POTUS, a player must collect and then burn lower-level tokens to achieve the next tier. For example, to obtain an Uncommon Grover Cleveland, a player must burn two Common Grover Cleveland.

    Following each player’s free claim once per day, a player may then purchase an additional five random Common POTUSes for 0.125 tez per day. However, the total limit to claims daily is 5,000, and as such, players have to claim as early as possible to avoid missing out. PixelPotus also has a smart contract-powered marketplace for users to post trades and exchange in a trustless manner.

    20% of all claim and upgrade fees enter a prize pool smart contract dubbed, “The Treasury.” Once a player reaches the highest level of rarity (Unique), they can make a claim against The Treasury contract and receive a 25% payout. This will continue until all Unique POTUS tokens are minted and the final minted Unique token will receive whatever is left in The Treasury. 

    With only 10,000 of each Common POTUS token available and upgrades requiring lower-level token burning, PixelPotus POTUS tokens will only increase in scarcity. Sporting a bold, unique, and inherent deflationary spirit to the game, eventually, there will be no more cards left to claim!

    Community Comes First

    The Tezos community is well-known to be one of the most active and engaged communities out there. As the community’s needs and wants continue to burst at the seams, PixelPotus responds rapidly; incorporating new features and applying fixes in record time. So far, PixelPotus has been highly praised for its fast pace of development and implementation of new feature requests. 

    Prioritizing the community, the PixelPotus team has recently released V2, which incorporates the ability to now set buy orders for cards alongside the current sell orders. Additionally, V2 revamps the player PixelPotus interface and improves upon all aspects of the increasingly renowned NFT collectible card game.

    In the words of Andrew Jackson: “Take time to deliberate; but when the time for action arrives, stop thinking and go in.” 

    Claim your first free POTUS token today here! 

    PixelPotus Socials:

    Telegram
    Discord
    Twitter
    Medium
    Instagram

    Contact Details:
    Name: Press Secretary Codecious
    Email: press@pixelpotus.com

  • The United States Advises El Salvador To Regulate Bitcoin Usage

    The United States Advises El Salvador To Regulate Bitcoin Usage

    Key takeaways:

    • Following the vote in the Salvadoran Congress on June 8th, Bitcoin will become legal tender, alongside the US dollar, in 90 days
    • The U.S. government has advised the El Salvadorian president against using Bitcoin as a legal tender, listing terrorist funding concerns among the reasons against the world’s most popular cryptocurrency

    Since the beginning, the discussions pertaining to Bitcoin have been quite polarizing. Some people see it as a complete game changer, while others focus on its drawbacks and criticize the world’s largest crypto without hesitation. While the asset has recorded a large increase in overall acceptance levels and massive spike in adoption rates over the years, there are undoubtedly still some lingering issues concerning it.

    Take the case of regulation as an example. While some see regulation as an ultimate goal, others shudder at the idea, believing crypto shouldn’t be hindered by regulatory measures, especially since it was initially designed to bypass obstacles put in place by governments and large multi national corporations. Earlier in the month, El Salvador announced that it had signed a new law into place which would see the use of Bitcoin as a legal tender.

    The U.S. wants El Salvador to prevent Bitcoin from being used for malicious activities

    While the Central American country was congratulated on the courageous move by several countries, various individuals, and interest groups alike, the United States of America was not particularly fond of the most recent development. The U.S. officials are not exactly delighted about the situation, especially because they have earlier advised the president of El Salvador, Nayib Bukele, to be careful about the use of crypto asset, now one of their legal tenders.

    An official working at the United States Department, Victoria Nuland, shared that Bukele was pressed to make sure appropriate security measures were taken before the legalization of BTC was put in effect. According to Nuland, the government of El Salvador should do everything in its power to ensure that the usage of the digital asset across the country is regulated, which would curb its usage for illegal activities by malicious actors. She also mentioned that the country needs to ensure that activities related to the digital asset should be completely transparent, which would help protect well-meaning citizens from potential issues such as hacks and scams.

    The United States government is still skeptical about digital assets

    At the moment, El Salvador is using the US dollar as its main fiat currency, after its native currency, Colon, was pushed to the side in 2001, following the enforcement of the new monetary law. With BTC now being used as a legal tender alongside fiat, the legality of the digital asset in the country brings an interesting twist to the global financial arena. 

    As opposed to El Salvador’s outlook on BTC and digital assets, the United States holds a more conservative view. The U.S. government and its regulators have, over the years, been repeating relatively known negative factors as the reasons against the more increased use of cryptocurrencies. The negative impact of mining of digital assets on the environment, the use of crypto assets to fund terrorist activities, as well as various scamming and hacking related concerns are the primary negative aspects the current and past U.S. administrations can’t overlook. 

    One could also make the case, that the U.S. government is somewhat wary of BTC’s potential, which could in time prove to be detrimental to the US dollar’s supremacy, pushing it down the pecking order when it comes to the world’s strongest currencies. El Salvador is obviously taking a different approach when compared to the US regarding the usage of crypto assets, mostly due to internal political factors and the country’s position on the global stage.

  • Top 3 Coins to Watch – Week 27

    Top 3 Coins to Watch – Week 27

    We saw some slight signs of recovery on the cryptocurrency markets during the first few days of Q3 2021 as total market capitalisation of the sector rose back to $1.5 trillion. After several weeks of red numbers, the majority of top 100 cryptos finally ended the week in the green again. But what is next? Which cryptocurrencies are poised to continue following the uptrend? You can find three ideas for your potential investments in Week 27 in this article.

    1. Ethereum Classic (ETC) 

    Ethereum Classic emerged through a hard fork of the Ethereum blockchain in 2016 following the controversial debate around how the community should respond to the DAO hack, in which $50 million worth of ETH were stolen. Most of the community voted that the stolen funds should be reimbursed and the chain in which the illicit transaction was reversed lives on as the Ethereum main chain. However, some Ethereum developers and users believed immutability was a crucial aspect of blockchains and that hard forks should not be used to reverse the transactions that happened on the Ethereum blockchain. This camp did not reverse the DAO hack transactions in the hard fork and their chain became known as Ethereum Classic. Widely regarded as the only Ethereum fork of significance, Ethereum Classic maintains the continuity of the Ethereum blockchain using Proof-of-Work consensus algorithm and there are currently no plans to transition to Proof-of-Stake. As opposed to ETH, the total supply of ETC is capped at 210 million ETC.

    Buy/Sell ETC

    Ethereum Classic to Undergo Magneto Network Upgrade on July 7    

    The Ethereum Classic developers have confirmed that Magento Upgrade is coming to the Ethereum Classic Mainnet at block number 13189133, which is estimated to be mines on July 7. The Magento upgrade, which will need to be deployed in the form of a blockchain hard fork, includes four Ethereum Improvement Proposals (EIP) that were a part of the Ethereum’s Berlin upgrade earlier this year. The EIP’s are aimed at optimizing the network’s security while saving gas at the same time as well as improving the interoperability of the Ethereum Classic network. Beta testing of the upgrade on Ethereum Classic’s testnets began already in June. As no major issues occurred, the Magento is now scheduled to be deployed on the mainnet. Developers warn node operators to upgrade their clients to their Magneto-ready versions. At the moment, Hyperledger Besu v21.1.7 and Core Geth v1.12.2 are Magento-ready, while Magento-compatible version of the Mantis client is still awaiting release. 

    2. Helium (HNT) 

    Helium aims to build a decentralized wireless internet infrastructure owned not by telecom conglomerates, but by the people – hence the name “the People’s Network”. Anyone who wishes to contribute to a more connected future can join the decentralized machine network by setting up a wireless network in their city and operating a Helium Hotspot, for which the operators are rewarded in HNT tokens. The People’s Network utilizes two units of exchange: HNT and Data Credits and their circulating supply is determined based on a Burn-and-Mint Equilibrium token model. The Helium blockchain also relies on a special Proof-of-Coverage (PoC) algorithm to verify that Helium hotspots are located where their operators claim.

    Buy/Sell HNT

    Helium to Enable HNT Staking and Network Validators Election on July 7      

    The Helium developers have revealed that the HNT staking process will be activated on Helium mainnet on July 7. In addition to running wireless internet access points and mining HNT, it is now possible to stake HNT and have a chance to get elected to become a validator node and earn HNT rewards. Users will be required to stake 10,000 HNT and have enough technical skills to run a full node to become an independent validator. Nevertheless, users can also stake smaller amounts of HNT through staking providers. Already more than 600 nodes are in operation with a combined total of over 6,000,000 HNT staked. If you wish to join the Helium Mainnet validator community, you can find more information here. 

    3. Bitcoin Cash ABC (BCHA) and eCash (XEC)

    Bitcoin Cash ABC (BCHA) is a blockchain that has forked away from both Bitcoin and Bitcoin Cash. Bitcoin Cash ABC emerged after November 2020’s Bitcoin Cash fork triggered by a dispute in the mechanism of funding the blockchain’s development. Bitcoin Cash developer Amaury Sechet advocated for an 8% developer tax on all newly mined Bitcoin Cash coins. Needless to say, the majority of the Bitcoin Cash community did not agree with the tax and Bitcoin Cash ABC turned out as the minority chain of the hard fork.

    Buy/Sell BCHA

    Bitcoin Cash ABC rebrands to a faster and Proof-of-stake powered eCash

    Bitcoin Cash ABS project re-launch as eCash on July 1. The new, rebranded and improved blockchain has an integrated proof-of-stake consensus layer “Avalanche”. In addition to introducing staking, eCash aims to significantly increase the speed of transactions as compared to the old blockcahin. Bitcoin Cash ABS’s users BCHA holdings will be converted to XEC at a ratio of 1 to 1.000.000 once the plan is intiated. At the same time eCash will reduce the number of decimal places down from eight to two. According to eCash lead developer Amaury Sechet, this is because “no other money has eight decimal places” and “cryptocurrencies with a lower unit price also enjoy higher bull market appreciation”. However, in our opinion, it the switch to PoS that is could notably boost the coin’s appreciation. Chinese media outlet Wu Blockchain, noted the project is also planning to integrate EVM-compatibility and facilitate interoperability with the Ethereum’s flourishing DeFi sector. BCHA is dropped by 16% since the rebrand and is currently trading at around $30,00 per coin. The drop pushed BCHA out of the top 100 cryptocurrencies. Will eCash manage to regain the lost value of BCHA?

    Buy/Sell XEC
  • World’s leading DeFi and CeFi aggregator OpenOcean announces strategic investment by Huobi Ventures

    World’s leading DeFi and CeFi aggregator OpenOcean announces strategic investment by Huobi Ventures

    Tortola, British Virgin Islands., 5th July, 2021,

    OpenOcean, a pioneering full aggregator that supports interoperability across multiple networks, is excited to announce a strategic investment by Huobi Ventures Blockchain Fund. 

    Following the investment, OpenOcean will work closely with the Huobi Global ecosystem to bring more innovative solutions connecting DeFi and CeFi. The new solutions will benefit users through higher capital efficiencies and profits from enhanced trading strategies.

    The Huobi investment comes on the heels of OpenOcean surpassing 200,000 active unique addresses with over 730,000 total transactions approximating $2 billion USDT in cumulative transaction volume since its launch in Q3, 2020.

    Huobi Ventures is a subsidiary of Huobi Group, the world’s leading blockchain company, that supports innovative blockchain projects through long-term strategic investments.

    In March 2021, OpenOcean had raised $2 million from a group of investors led by Binance. Multicoin Capital, CMS Holdings, Kenetic, MarketAcross, LD Capital and Altonomy participated in that round. 

    Commenting on the strategic investment, OpenOcean co-founder Cindy said: “Leading exchanges that are building in both DeFi and CeFi are investing in OpenOcean because of the value we bring as the first aggregator that connects these two previously isolated worlds. We now have, what we believe is, the best possible group of investors supporting us to facilitate our innovative products and ecosystem development.”

    OpenOcean has successfully aggregated major DEXes on BSC, ETH, ETH Layer2, TRON and SOL . It is also in the process of integrating more DeFi protocols including Polygon. 

    Further down the road, OpenOcean will be offering derivatives, lending and insurance, combined margin products, yield products, and intelligent wealth management services. 

    About OpenOcean

    OpenOcean is a one-stop full chain aggregation protocol that acts as a bridge between DeFi and CeFi. It eliminates the fragmentation that exists within the DeFi ecosystem by giving users access to the entire crypto market via a single, user-friendly interface. Users enjoy full access to aggregated liquidity and best pricing from a wide range of centralized and decentralized exchanges.

    For more information, please visit: https://blog.openocean.finance/ 

    Stay Tuned:  Website   |   Twitter   |   Telegram 

    Contacts
    • Phoebe
    • contact@openocean.finance