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  • Bitcoin Breaks Key Resistance As Ethereum Market Reaction Balance Out

    Bitcoin Breaks Key Resistance As Ethereum Market Reaction Balance Out

    Konstantin Anissimov, Executive Director at CEX.IO

    Bitcoin (BTC) and Ethereum (ETH) are both paring off losses from the frightening dips experienced yesterday, as the market received a new rejuvenation. Bitcoin that traded as low as $53,827 in the past 24 hours is now up by 4.4% to $56770 per data adapted from CEX.IO. Ethereum’s surge though notable has lagged behind that of BTC, showing a much limited upward volatility. Ethereum is exchanging hands $1716.54 after seeing a 1.57% growth in the past 24 hours.

    The general volatility in the market has perhaps compounded the show of indecision by the market bulls, some of whom temporarily turn into bears in a profit-taking spree. The actions of these market determiners have an encompassing impact on the global market, except for some crypto projects that choose to chart their own course irrespective of the occurrences in the market.

    From the foregoing, Theta (THETA) became the new sensation as it got ranked amongst the top ten cryptocurrencies, surging by over 16% as both BTC and ETH strive to find liberation from the bears. While Theta comes off as a good performer in the past days, its longer-term survival still depends in part on the survival and growth of Bitcoin.

    Bitcoin Price Resurged As Tesla Redefines its Use Case

    The price of Bitcoin surged this morning and received a bullish redirection after Elon Musk, the Chief Executive Officer of electric automaker Tesla Inc, tweeted about the company’s acceptance of Bitcoin as payment for its Electric Vehicle brands.

    Though the company revealed it will be making provisions for Bitcoin payments when it purchased as much as $1.5 billion worth of the cryptocurrency back in February, the latest revelation helped detractors note the growing importance and possibilities that surround Bitcoin as an unofficial legal tender. Elon Musk even colored the news and revealed the company will be HODLing the BTC proceeds, a fundamentally bullish signal that investors appear to be hopping on.

    Per the BTC-USD 4-hour chart on TradingView.

    The chart shows the reversal from the bearish trend that commenced after a $58,000 top seen on March 22nd. With the Relative Strength Index pointing North of the neutral zone, and the MACD line making a bullish cross above the signal line, a new trend is obviously in the books for the price of the world’s largest cryptocurrency.

    The formation of candlestick trends that appear to be seeking a breakout from the signal band of the Donchain Channel toward the bullish upper band also confirms the power hijack from the bears. Sustainability now remains the core hurdle that BTC bulls have to fight. Should the Tesla-Elon Musk news continue to weigh in on the market, a further break above $58,000 resistance may lead to more massive buyings in the market. This imaginable FOMO may push the price up to a short-term price target of $62,000.

    Ethereum and the New Reward For Client Ecosystem

    One Ethereum as has been noted is worth $1716.5, a price level that many believe places the cryptocurrency as an undervalued gem. While many pro-ethereum investors or proponents align with the school of thought, the network’s high gas fees are remarkably a dent in the good work the blockchain has done over the years.

    The days of the gas fee challenge are however numbered with the plans to launch the Proof-of-Stake (PoS) consensus model as well as ongoing plans to implement the deflationary-focused EIP 1559 upgrade.

    Ahead of these plans, the Ethereum Foundation announced a boosted funding support for both its Proof-of-Work (PoW) client ecosystems as well as the PoS clients. While this multimillion funding support may not benefit the average Ethereum investor directly, it is significant as it shows the Foundation is committed to the ecosystem of developers that can help secure the future of the network. This investment is bullish and has its long-term indirect implication on Ethereum’s price.

    Though the technical indicators Awesome Oscillator and MACD are not bullish on the short-term price of the coin, the longer-term prospects are indisputable. Should the bulls sustain the push-over of the price, depicted by the potential breakout of the MACD line above the signal line, a slice through the $1,750 price range will be seen, and a new support at $1,850 may be achieved in the near term.

  • Linkflow Finance announces strategic and technical partnership with Soteria Finance and Titan

    Linkflow Finance announces strategic and technical partnership with Soteria Finance and Titan

    Hong Kong, Hong Kong, 25th March, 2021,

     This week Linkflow Finance (https://linkflow.finance) has announced partnerships with Soteria Finance (https://soteria.finance/) and Titan (https://titanswap.org/). 

    On March 22nd, Linkflow Finance has made a strategic collaboration agreement with Sorteria.

    Sorteria (https://soteria.finance/) is a decentralized alternative to insurance and is the first mutual (a risk-sharing pool) on Binance Smart Chain (BSC). Soteria uses blockchain technology to create a platform that returns the power of insurance to the people. It not only utilizes the fast transaction speeds and low cost of BSC, but it is also highly integrated with the BSC DeFi ecosystem. Soteria Launched IFO with great success, Setting a New Record of Total Fund Raised Reaching 2272.61%, breaking the previous highest record of 1400% in PancakeSwap history.

    The partnership between Linkflow Finance and Soteria is made to hedge the risks of prime brokerage and investments by using the insurance platform of Soteria.

    “We are expecting to minimize the risk of investment activities by partnering with one of the most successful insurance platform for the DeFi market.” Said Linkflow team.

    Linkflow Finance is planning to invest a portion of the investment assets to Soteria insurance products and also provide opportunities to Linkflow investors to invest in Soteria insurance products.

    Also on March 23rd, Linkflow Finance has made a technical collaboration agreement with DeFi project Titan.

    TITAN (https://titanswap.org/) is a blockchain-based decentralized financial center that provides optimal liquidity solutions for different digital asset categories by adaptive bonding curve. It not only provides a user-centered decentralized exchange but also it is an aggregated liquidity pool that supports order smart routing.

    Through this technical collaboration partnership, both parties will share knowledge and know-how of DEX and Liquidity Pool operation and eventually integrate into the core Titan services into the Prime Brokerage Service.

    “The partnership with Titan will give an opportunity to develop and enhance DeFi service of Linkflow” Said Chris Jung, president of Linkflow Finance.

    About LinkFlow

    Linkflow (https://linkflow.finance), a Hong Kong-based crypto prime brokerage and algorithm trading service, has launched a new digital asset-based services platform for providing seamless connectivity to the broader cryptocurrency ecosystem giving clients unprecedented access and management to a wide array of digital assets. 

    Contacts

    Head of PR

    • Jimmy Wong
    • Linkflow Finance
    • contact@linkflow.finance
  • 1inch partners with Ren and announces joint farming program

    1inch partners with Ren and announces joint farming program

    Continuing with a successful model for farming programs, the 1inch and Ren teams have formed what is expected to be a long lasting and fruitful relationship that will provide multiple advantages to users of both platforms.

    The 1inch Foundation is glad to announce that the 1inch’s partnership with Ren will let liquidity providers get additional benefits through another joint liquidity mining program that starts at 00.01 UTC on March 24 focusing on the newly launched 1INCH-renBTC pool.

    Buy/Sell 1INCH

    Under this farming program, an equivalent of 20k USD in 1INCH tokens together with an equivalent of 20k USD in renBTC will be distributed among providers of liquidity to the 1INCH-renBTC pool over a four-week period (ending April 21, 2021).

    Ren is an open protocol providing access to inter-blockchain liquidity for dApps and the aforementioned partnership will allow 1inch users to trade and provide liquidity for all Ren-based assets on the Binance Smart Chain (BSC), which has been gaining a lot of traction lately.

    The partnership with Ren will also allow users to trade and provide liquidity for all Ren-based BSC assets via 1inch and earn trading fee rewards for their liquidity provision services. These liquidity pools will be available through 1inch in the ‘Pools’ section and will feature the following pairs:

    1. renBTC-BTC
    2. renBCH-BCH
    3. renDGB-DGB
    4. renDOGE-DOGE
    5. renZEC-ZEC

    In the future, 1inch plans to add support for renFIL and renLUNA, but the partnership with the Ren team will extend way beyond liquidity provision and farming.

    This partnership will also have three main areas for potential collaborations which include: additional Layer 1 Ren and 1inch collabs in 2021; the possibility of a native RenVM integration into the 1inch Network; and further LP mining programs for assets such as renDBG and renZEC.

    About 1inch

    1inch (https://1inch.exchange/) is a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXes. Smart contract technology empowers this aggregator enabling users to optimize and customize their trades. Launched in May 2019 by co-founders Sergej Kunz and Anton Bukov, 1inch surpassed $27B in overall volume (live stats from Dune Analytics) in less than two years. In November 2020, 1inch was updated to version 2 (intro video) which major highlights are Pathfinder, an API that contains a new discovery and routing algorithm, and an intuitive, user-friendly UI. In December 2020, the 1inch team released its upgraded Liquidity Protocol – an AMM (automated market maker) with instant governance where LP (liquidity provider) earnings are dramatically increased by slowing down price changes to prevent arbitrage traders from earning up to 100% of the swap slippages. 1inch has already integrated support for 40+ top DEXes on Ethereum including Uniswap v1 and v2, Balancer, Curve, Kyber, SushiSwap, DODO, Oasis, and many more. In a move towards interoperability, in February 2021, 1inch Network expanded to Binance Smart Chain (BSC) and 1INCH governance token was deployed on BSC, offering users a chance to easily switch between Ethereum and BSC. All features of the 1inch Liquidity Protocol, the 1inch Aggregation Protocol and all 1INCH staking features became available to BSC users.

    Official Medium: https://1inch.medium.com/

    Official Twitter: https://twitter.com/1inchExchange

    Official Discord: https://discord.gg/Xyxv2Yz

    Official Telegram: https://t.me/OneInchExchange

    About‌ ‌Ren‌ ‌

    Ren‌ (https://renproject.io/) is‌ ‌an‌ ‌open‌ ‌protocol‌ ‌that‌ ‌enables‌ ‌the‌ ‌movement‌ ‌of‌ ‌value‌ ‌between‌ ‌blockchains.‌ ‌

    Website‌‌ ‌|‌‌ Docs‌‌ ‌|‌‌ Telegram‌‌ ‌|‌‌ Announcements‌‌ ‌|‌‌ Twitter‌‌ ‌|‌‌ Reddit‌‌ ‌|‌‌ Github‌

  • DeFi AMLT Oracle Integrates World’s Most Secure Smart Contract Network RSK

    DeFi AMLT Oracle Integrates World’s Most Secure Smart Contract Network RSK

    London, UK, 24th March, 2021,

    RSK Bitcoin Smart Contract network and the RIF Platform have integrated the DeFi AMLT Oracle, created by global RegTech provider Coinfirm.

    All operations conducted on RSK’s protocol will be fully covered with automated proprietary risk assessments from Coinfirm’s C-score based on 270+ red flag algorithms. The use of the Oracle enables the RSK protocol to get a green light for wider adoption by institutional investors and the traditional financial sector looking to gain exposure to decentralized finance.

    “The RSK smart contract network has been able to make the digital gold of Bitcoin become a more impactful, viable currency. RIF’s DeFi stack aids the underbanked and with the support of Coinfirm’s DeFi AMLT Oracle, the network can counter malicious threats more efficiently and keep in compliance with regulators. The evolution of this partnership, how both firms are exploring the DeFi sphere, is a mirror image of the industry as a whole embracing decentralized finance.” – Paweł Kuskowski, Coinfirm CEO and co-founder

    RSK Infrastructure Framework (RIF), a suite of open and decentralized infrastructure protocols aimed at fostering Decentralized Sharing Economies, enables faster, easier and scalable development of distributed applications (dApps) within a unified environment. It’s native token, the RIF token is used to consume services built on top of RSK Infrastructure Layer. RSK will continue to keep the best-in-class security of their smart contract-based ecosystem and interoperability of applications whilst proactively addressing regulatory AML / KYC (Anti-Money Laundering / Know Your Customer) compliance requirements, implementing a fully institutional investor ready framework.

    RSK Cofounder and IOVlabs CEO Diego Gutierrez Zaldivar mentioned: “The integration of Coinfirm’s DeFi AMLT Oracle to the RSK platforms adds another important building block to the Open Financial Ecosystem on Bitcoin. DeFi for Bitcoin has been gaining momentum and this integration will enable this market to flourish in a secure and compliant manner protecting individual investors, institutions and other participants in the market”.

    Last year the DeFi AML Oracle was unveiled by Coinfirm and is the first regulatory technology solution for AML compliance in the decentralized finance space. By leveraging Anti-Money Laundering in DeFi, RSK’s network will have all the benefits the innovation brings whilst maintaining institutional-grade compliance. This announcement marks the first official commercial use case of the AMLT Oracle.

    This news further strengthens the collaboration between IOV Labs and Coinfirm, after Coinfirm provided the RSK and RIF platforms with the company’s state-of-the-art AML Platform in March 2020.

    About RSK

    RSK blockchain is the most secure smart contract platform in the world, secured by Bitcoin’s unparalleled hash power via merge-mining that adds value and functionality to the bitcoin ecosystem by enabling smart-contracts, near instant payments, and higher-scalability.

    The network scales to up to 100 transactions per second without sacrificing decentralization, and reduces storage and bandwidth using probabilistic verification, fraud detection, and more.

    RSK Infrastructure Framework (RIF) is is a suite of open and decentralized infrastructure protocols that enable faster, easier and scalable development of distributed applications (dApps) within a unified environment to enable mass adoption of Bitcoin and RSK. For more information visit https://www.rsk.co/

    About Coinfirm

    Coinfirm is the world leader in blockchain analytics and regulatory technology (‘RegTech’) solutions, creating the foundation for the safe and mass adoption of blockchain and cryptocurrencies. Coinfirm specializes in blockchain AML/KYC (‘Anti-Money laundering’ / ‘Know Your Customer’) services and fraud investigations. It offers the industry’s largest blockchain coverage, supporting over 1,500 cryptocurrencies and protocols including Bitcoin and the ERC-20 standard. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions and governments. Coinfirm is the first firm to offer an AML compliance solution to DeFi in the form of the AMLT Oracle. For more information please visit; https://www.coinfirm.com/

    About AMLT

    The fuel for the AMLT Oracle and the industry-leading Coinfirm AML Platform, AMLT tokens are the reward for stakers, liquidity and information providers who report nefarious cryptocurrency addresses related to ransomware, hacks, scams, and other crypto-based crime. AMLT allows for the transparency and democratization of the financial system by actively involving market participants in countering malicious actors. It allows network members to provide information, rate other market participants and determine the related risk to entities and counterparties using virtual currencies.

    Telegram Group | AMLT Website | AMLT Twitter | AMLT on Facebook | AMLT Network on CoinCheckup | AMLT 2.0

     

    Contacts
    • Gloria Vailati
    • IOV Labs
    • gloria@iovlabs.org
  • Ardor’s BridgeChamp Project Announces Launch Roadmap

    Ardor’s BridgeChamp Project Announces Launch Roadmap

    Lugano, Switzerland, 24th March, 2021,

    Jelurida Swiss SA is pleased to announce the publication of the launch roadmap for one of its flagship applications, BridgeChamp. BridgeChamp is a blockchain-based gaming platform centered around the popular game of contract bridge. The roadmap, which runs to the end of 2021, will see the project through all phases leading up to a full launch to the general public in Q4.

    BridgeChamp was conceived in 2020 by Jelurida, which operates the Ardor platform. It aims to overcome a key challenge facing bridge players worldwide – a severe lack of modern online gameplay options on the market. Bridge is generally a very social game, but as the 2020 global pandemic caused many people to resort to digital means for enjoying their favorite pastimes, the famously social bridge community has been left short.

    Therefore, BridgeChamp addresses this gap with a full-featured online gameplay platform for bridge players worldwide. The newly published roadmap provides a complete overview of all the features that players can expect when BridgeChamp is launched in beta in Q3, and to the public in Q4 2021.

    The roadmap shows  that a significant amount of development is already completed, including the infrastructure for setting up bridge tournaments, registering players, and making BridgeChamp available via mobile. During the first quarter of 2021, the development team has also worked on elements of the user interface.

    The next phase of development in Q2 will bring blockchain integration and token issuance, introducing the in-game economic elements. All game results will ultimately be recorded on the blockchain, ensuring no fraud or tampering. Additional tournament features will be added, along with social integrations for video, audio, and text-based chat, before the third quarter’s beta launch.

    The final version of BridgeChamp will also have an open API layer that will allow third-party developers to integrate with the platform. In a recent blog post, Jelurida co-founder and core developer Lior Yaffe stated that BridgeChamp will ultimately become a social network for bridge players, evolved around the game itself.

    Speaking of the roadmap publication, Barak Lieberman Bridge Champ’s founder and evangelist – We are excited to present the roadmap of the most innovative contract bridge online website and app launched in the last 20 years. Integrating modern UI, social elements, blockchain NFT, and utility tokens can disrupt the existing casual gaming ecosystem and revitalize this otherwise stagnant market.

    About Jelurida

    Founded in Switzerland in 2017, Jelurida is a software company that develops and maintains the Ardor and Nxt blockchains. Now a multinational organization with offices on three continents, Jelurida is focused on helping enterprises capitalize on the benefits of blockchain by making it easier to deploy applications connected to the open Ardor and Nxt networks. BridgeChamp is owned and developed by Jelurida on the Ardor blockchain platform.

    Contacts

    Marketing Specialist

    • Elisa Manzieri
    • elisa.manzieri@jelurida.com
  • Users Can Now Trade Cardano on Coinbase and Its Apps

    Users Can Now Trade Cardano on Coinbase and Its Apps

    Key highlights: 

    • Users can trade ADA on Coinbase and the exchange’s Android and iOS apps
    • Many users of the exchange demanded that ADA should be listed
    • Cardano is now on the list of assets in the Bloomberg Terminal

    Coinbase, the a major United States-based cryptocurrency exchange, officially announced that users can now trade Cardano (ADA) on its platform. After previously only listing ADA on Coinbase Pro, the company has now also added the coin to Coinbase.com and its Android and iOS applications. Users can purchase and sell ADA in and they can also store, transfer, or receive the asset. The feature can be used in all of Coinbase’s supported jurisdictions.

    What is Cardano? 

    Cardano is a blockchain project that’s known for its reliance on scientific methods of study and peer review. Its development started in 2015, and its presale was particularly popular in the Asian market, mostly in Japan. The presale lasted for two years, and the project raised around $62 million. The public trading of ADA started in October 2017. 

    The structure of Cardano’s team had basic changes in 2018, and many team members were replaced. Cardano has five different phases in its development, called Byron, Shelley, Goguen, Basho, and Voltaire.  Cardano is currently the leading staking crypto coin on the cryptocurrency market.

    Cardano currently has a market capitalization of $37.4 billion, and the coin is changing hands at about $1.19. There are over 31.4 billion ADA coins in circulation, with about 71% of the total supply being released.

    Many Coinbase users requested ADA to be on the list 

    Cardano has played a major role the cryptocurrency market lately, and many users were asking for the coin to be listed on Coinbase. Coinbase has finally responded to the demand of the users, and the move should keep existing users happy while potentially also attracting some new users that required ADA to be listed on the exchange.

    Recently, a description of Cardano was also added to the Bloomberg Terminal, although investors can’t yet track the ADA markets on the terminal.

  • Why Did MetaKovan Pay $69 million for Beeple’s Masterpiece?

    Why Did MetaKovan Pay $69 million for Beeple’s Masterpiece?

    Key Highlights:

    • MetaKovan believes NFTs are far better than physical arts because they are composable and accessible on the Ethereum blockchain
    • Beeple’s work is the third costliest artwork by a living artist. MetaKovan bought the piece for $69.3 million
    • NFTs can bring democracy to the field of art, and they will reduce intermediaries in the industry

    NFT collector MetaKovan spends $69.3 million on Beeple’s The First 5000 Days

    MetaKovan, the leading collector of NFTs, says that he prefers NFTs over physical artworks because they are composable and available on the blockchain. MetaKovan recently revealed that his real name is Vignesh Sundaresan. Here are some of the reasons that convinced him to pay this amount of money for The First 5000 Days, an artwork created by Beeple.

    Beeple (Mike Winkelmann) is a renowned digital artist. He compiled 5,000 of his pieces into a mosaic called The First 5000 Days, which he minted in the form of an NFT. After selling for $69.3 million, The First 5000 Days is the third most expensive artwork by a living person. 

    The masterwork is represented by an NFT, and it is available on ETH Blockchain. Beeple has made one piece per day for over 13 years, and the masterwork is a combination of his first 5000 works. NFTs are exploding right now, and Beeple’s piece has done a lot to legitimize the sector. However, NFTs are not only limited to art, and we can also find NFTs being used in other fields like sports. 

    NFTs are the most recent trend in the cryptocurrency space. Unlike normal crypto assets, each NFT contains unique information that can be used to identify it. Depending on the item that is associated with an NFT, some collectors are willing to pay a very high price. According to a report by CryptoSlate, Sundaresan, aka MetaKovan, bought a digital work made by Beeple for an unprecedented price of $69 million, making it the most expensive digital artwork in history. 

    Sundaresan thinks that NFTs are a similar movement to DeFi, and they can change the status quo of the economy. NFTs don’t need a physical location to keep them, and they can be shared between different users. These are the features that make them special and revolutionary.  

  • Top 3 Coins to Watch – Week 12

    Top 3 Coins to Watch – Week 12

    Decentralized finance (DeFi) protocols and non-fungible tokens (NFTs) are the hottest categories on the cryptocurrency markets right now. While DeFi has already had its first hype-driven boom during the summer of 2020, the NFT markets have only recently started to see exponential growth. From crypto art and in-game collectable items to digital identity solutions – the NFT’s use cases seem almost unlimited. While this hyped-up subgroup of cryptos might be a bit overheated at the moment, almost every project that has recently implemented a new NFT-related feature has seen the price of its coin skyrocket. The NFT-focused project in this week’s selection is accompanied by a governance token of a famous decentralized exchange and a project that focuses on decentralized governance.

    1. Uniswap (UNI)

    UNI is a governance token of Uniswap – an automated liquidity protocol and currently the most popular decentralized exchange (DEX). UNI tokens are ERC-20 tokens that allow holders to decide on the future of Uniswap by voting on proposals. The governance token holders also oversee the usage of funds from the community treasury, and the protocol’s fee switch.

    Buy/Sell UNI

    Uniswap V3 could Solve the Issue of Extremely High Network Fees Soon

    The Ethereum-based decentralized exchange (DEX) protocol Uniswap quickly rose to popularity during the DeFi summer of 2020. However, the unicorn themed DeFi protocol is currently struggling to compete with other, much cheaper forks of the project. The main problem is that a transaction fee on Ethereum can range from $20 to over $100 on a bad day, making Uniswap essentially useless for many of the unconfident DeFi newcomers as well as traders who want to trade smaller volumes. But Uniswap team has hinted that all these issues will be addressed in the next protocol upgrade, called Uniswap V3, which is scheduled to be released later this year. Uniswap’s CEO Hayden Adams tweeted:

    “2019: Uniswap V1 proved AMMs can compete with traditional exchanges; 2020: Uniswap V2 will prove AMMs can do things traditional exchanges cannot; 2021: Uniswap V3 will face slippage and capital efficiency head on to prove AMMs can outcompete traditional exchanges on all fronts”.

    Reportedly, Uniswap is going to address the issues by integrating a Layer 2 scaling solution since waiting for Ethereum to solve its scaling and congestion issues on their own with Ethereum 2.0 might end in disaster for the popular DEX protocol. Uniswap V3 could roll-out as soon as this May. If the announced upgrade successfully solves at least part of the protocol’s current issues, Uniswap could reclaim its throne of the DEX with the highest trading volume.

    In addition, rumors are spreading that Uniswap as well will take a dive into the popular world of non-fungible tokens (NFTs). Whether the project is just going to lunch tokenized swag, e.g., an Unishirt or Unisocks ($SOCKS), which they have done before, or implement a major NFT feature such as an integrated decentralized NFT marketplace, remains unknown. Either way Uniswap V3 could send ripples throughout the space once it is deployed and could fuel UNI to rally even past the $50 mark.

    2. Enjin (ENJ)

    Enjin Coin (ENJ) is an Ethereum-based cryptocurrency (ERC1155 token) used to directly back the value of next-generation blockchain assets. It is designed for social gaming as it allows virtual goods to be traded on the blockchain using smart contracts and ENJ as a payment method. The project aims to change the fundamental nature of virtual worlds by providing infinite high-speed transactions between players and game providers at zero cost. More than a million people are already using Enjin’s products to manage, create, and trade these blockchain assets.

    Buy/Sell ENJ

    Leaked Website Indicates that Coinbase Could be Preparing to list Enjin

    Enjin is one of several projects that successfully capitalized on the recent NFT hype. The gaming-based project announced two scaling solutions (JumpNet and Efinity) earlier this month. With the aforementioned solutions Enjin aims to facilitate gasless (free) transactions of both fungible and non-fungible tokens (NFTs) from any blockchain. Following the announcement, ENJ has seen a massive rally, causing the token’s price to increase by more than 200% – it surged from around $0.40 to a local high of $1.51 on March 4. The market capitalization also spiked from less than $100 million to more than $1 billion in merely a few days. But the rally did not stop just there as demand drove ENJ to set consecutive all-time highs of $1.94, $2.20, and $3.03, which is the current ATH price, set on March 15.

    In light with the increased demand for ENJ several exchanges began looking into the project. While ENJ pairs were supported by Binance and the FTX exchange even before the rally, numerous exchanges, such as Gemini, Huobi and OKEx have only recently introduced the support for ENJ spot trading or futures contracts. Nevertheless, it seems that we are still awaiting one big and important listing – the one from the U.S.-based Coinbase exchange. The good news is, that the listing could be just around the corner, at least according to a leaked EnjinCoin support website which has been published on the exchange’s support section for a few days. Although Coinbase supports Enjin custody already from September last year, many took the accidentally published support page as a confirmation that ENJ spot trading is soon going to be made available on Coinbase. The influx of new investors and fresh capital due to a Coinbase listing and the hype around this event could cause ENJ to ascent even higher.

    3. DAO Maker (DAO)

    DAO Maker is a blockchain-based platform that is looking to assist start-up companies in the launch, management, and closure of a token sale. The project aims to support several token sales models, all of which will be fully compliant with regulatory requirements.

    Buy/Sell DAO

    Dao Pad Investment Platform Goes Live on March 25

    The DAO Maker is going to launch a multi-investment platform called the Dao Pad on March 25. The Dao Pad will allow DAO token holders to easily participate in the future token offerings. To kickstart the Dao Pad, the Cere Network project will be conducting a public token sale on the freshly launched platform. To be eligible to participate in the Cere token sale, investors will first need to stake at least 1000 DAO tokens on the platform. Besides staking to participate in token offerings, the DAO token can also be used to provide liquidity to Uniswap V2 liquidity pools and participate in the project’s governance. In addition, incentives for users are also paid out in DAO. March has been a very important month for the projects as the DAO Maker team have conducted HAPI Strong Holder Offering (SHO) and the DAFI Protocol SHO earlier this month. In addition, 3,209,535 DAO token worth around $13,088,593 have recently burned. All of this has translated to a good price performance for DAO. The token is currently changing hands at around $8.00, very close to its all-time high price of $8.51 set yesterday, March 22. DAO is also up by more than 40% in the past month.

  • 1xBit Casino Users can Now Bet with Provably Secure Cryptocurrency Cardano (ADA)

    1xBit Casino Users can Now Bet with Provably Secure Cryptocurrency Cardano (ADA)

    Bitcoin Press Release: Leading betting casino and sportsbook 1xBit has added support for the top 5 cryptocurrency Cardano (ADA). 

    22nd March 2021, Limassol, Cyprus – Cardano (ADA) has been one of the success stories of the 2020/2021 crypto bull market and has soared into the Coinmarket top 5 over the last few months with no sign of slowing down. As a leader in the crypto betting industry 1xBit casino recognises that the provably secure nature of the ADA token makes it an ideal option for the crypto betting industry and has now added it to the growing list of supported currencies on its online casino and sportsbook. 

    What is Cardano?

    Much like Ethereum, Cardano is a smart contract platform that was conceptualized by Charles Hoskinson (one of co-founders of Ethereum). Being a smart contract platform, it allows users to exchange money and assets (property, shares, and stocks) while maintaining maximum transparency and eliminating the need for a middleman. 

    However, what is new and unique about Cardano (and the blockchain technology that it utilizes) is that it has been developed using scientific philosophy and peer-reviewed academic research. It is the first of its kind to make use of ‘high assurance code’ to standardize, protect, and promote the Cardano protocols. Active Cardano users are awarded in the ADA utility token for their participation on the network.

    How Does Cardano Compare to Bitcoin and Ethereum?

    Satoshi Nakamoto’s concept of Bitcoin was revolutionary when it was first conceived. It was the first cryptocurrency that leveraged blockchain technology to offer a decentralized finance counterculture that did not involve the government or any other middleman. However, the problem with these first generation blockchain(s) was that they did not allow for complex conditions to be added to transactions. 

    Ethereum sought to resolve these problems by offering smart contracts that improved the utility of cryptocurrencies that utilized blockchain technology. The Ethereum network gave developers the opportunity to create applications that use a programming language running on blockchain.

    To date, it is the most evolved form of blockchain technology that focuses on resolving concerns about scalability, interoperability, and sustainability. This is why Cardano (ADA) offers much promise and may even revolutionize the cryptocurrency landscape.

    Probably Secure ADA Perfect For Crypto Casino Games

    One of the most popular uses for Cardano is gambling: betting and playing casino games because of how it has been deemed ‘provably secure’ (player-friendly mechanism that ensures there is no foul play). That’s why 1xBit is excited to welcome and embrace Cardano (ADA) on its casino and sportsbook. 

    What are the Benefits at 1xBit?

    1xBit is an online casino & sportsbook where fun meets crypto: the list of cryptocurrencies has already reached 30, including EOS, BNB and now Cardano!

    For anyone wondering why they should join 1xBit? Some of the benefits include: 

    • Welcoming bonus. All newcomers are rewarded with a 7 BTC welcome bonus for the first 4 deposits. We want you to have a jolly good time!
    • 30 cryptocurrencies. 1xBit is cryptocurrency-friendly. Now that we accept Cardano (ADA), it is about to get all the more fun here!
    • Anonymous casino. You do not have to input any private or personal information to get started on 1xBit. Enjoy 100% anonymity.
    • Multi-currency account. We have 100+ game providers and 5000+ slots at 1xBit, all of which can be enjoyed through your multi-currency account.

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    Media Contact Details

    Contact Name: Bitcoin PR Buzz Press Team

    Contact Email: press@bitcoinprbuzz.com

    1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.