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  • Bitsz: The Future of Digital Trading is Decentralized

    Bitsz: The Future of Digital Trading is Decentralized

    With the total market capitalization for the cryptocurrency market at a record $1.7 Trillion dollars 2021 is experiencing a bull market buoyed by mainstream adoption and institutional investment for the first time in its history. The ICO fueled market bubble of 2017 has been replaced by tangible blockchain technology adoption in almost every major global industry. 

    Market Growth And Increased Demand

    This seismic market shift offers opportunity for cryptocurrency exchanges offering new and innovative solutions to some of the problems posed by a rapidly expanding market. Demand is reaching boiling point and even the most reputable exchanges are becoming increasingly strained under a huge surge in traffic. This year Binance, Coinbase and Kraken all saw major disruptions due to an influx of “new unique users”. 

    Centralized Exchanges And A Changing Of The Guard

    With most major industries beginning to recognise the benefits of blockchain technology, it is surprising that digital asset exchanges are one of the last to relinquish their centralized ways. 

    Centralized exchanges (CEX) facilitate trades via an orderbook, aggregating users orders with specialized software but don’t offer the ability for users to exchange crypto or fiat currencies with each other. 

    Centralized exchanges are vulnerable to hacks, struggle with hard-fork events and face significant regulatory risk. Systems are often kept off-chain, with escrows for users transactions not recorded on the blockchain as a result. This opens up risk of security breaches, and unsafe storage protocols for sensitive information. With blockchain technology leading the way towards a trustless economy, third parties are becoming increasingly obsolete and centralized exchanges will have to evolve to survive. 

    The Rise Of The Decentralized Exchange

    Thet 12 months has seen a waning public trust in centralised exchanges due to hacks, sites disruptions, market manipulation and regulatory questions. These nagging issues have has a positive effect on the DEX market however, with exciting decentralized alternatives like Robinhood, 1INCH and Uniswap enjoying some of the limelight for their trustless approach to p2p trading. 

    In January 2021 decentralized exchange tokens outperformed their centralized counterparts with (UNI) Uniswap, Synthetix Network Token (SNX), SushiSwap (SUSHI), and Loopring (LRC) all recording significant growth in market value. 

    DEX crypto trading platforms offer superior privacy and security through p2p transactions between their user-base. Hard-coded algorithms are used to execute trades without the need for intermediaries. Decentralized exchanges are more focused toward a seamless user experience and also lack the ability to restrict trading, so users will not be subject to frustration random disruptions.  

    Bitsz.io 

    One company making strides in the DEX space is Bitsz.io, a blockchain-based tech company with a strong focus on regulatory compliance and users experience. Bitsz offers a seamless P2P trading environment where all users can freely trade both crypto and fiat with one another, without the need of any controlling third party. 

    TruTrade Multi Asset Exchange

    Trutrade is a one-stop exchange and digital solution that provides maximum security, arbitrage  through machine learning and one of the fastest trading engines in the world, capable of processing up to 10 millions transactions per second.

    Tru Trades offers its users future derivatives trading, so that they can trade on credit by depositing a small amount of cash. TruTrade smart contracts support insta lending and borrowing options to users and complete assurance to both parties. The exchange supports multiple payment options including a debit and credit card payment solution with full KYC.

    With the project’s development TruTrade is on course to secure its first roadmap milestone of 10,000 users by Q2 2021 and with the new web app for Android and iOS touted for Q3, Trutrade is on course to have 1 million exchange users and 200,000 mobile app users by 2022.

    TruTrade also focuses heavily on User Friendly UI, incentive programs, and has some of the best trading trading fees as low as 0.05%. The exchange offers superior data protection with both KLM and BDPR compliant policies.

    Bitszbot Trading Engine

    Bitsz Trading Engine is the beating heart of TruTrade asset exchange and a uniquely powerful tool that can handle an impressive 10 million transactions per second. It was also designed to fight the growing issue of market manipulation and uses machine learning to detect any nefarious trading activity. Bitszbot is also a market intelligence platform and feature for binary options traders.

    Bitszcoin

    Bitszcoin is a Proof of Work fork of Pivx with a Proof of Work algorithm which offers a quark-based blockchain to provide a transparent and secure system. There are 100 Million pre-mined coins. Bitszcoin will be available for trading on the exchange.

    Bitsz’s inception will bring the cryptocurrency industry toward a greater purpose – removing the issues that plague centralised finance. Who knows where the industry will be in a year’s time, but it’s clear that Bitsz will be at the core of it.

    To visit the next generation of DEX, visit the Bitsz website at https://bitsz.io/

  • CoinStats raises $1.2 million pre-seed round of funding

    CoinStats raises $1.2 million pre-seed round of funding

    London, United Kingdom, 22nd March, 2021,

    Yerevan, Armenia, March 22nd 2021: Leading cryptocurrency portfolio management platform CoinStats raises  $1.2 million pre-seed round of funding from investors that include Imperii Capital as well as Stefan Cohen and Jonathan Weiner. Leading investors aim to support the platform’s rapidly growing 1 million monthly active users and future product development as cryptocurrency asset class matures.

    The capital will be used to build new features that will ensure more accessibility and convenience in managing cryptocurrency assets for its nearly 1 million monthly active user base. The CoinStats team plans to enhance existing products and services that include building a dedicated CoinStats wallet and trading capabilities for its community.

    “As digital currencies mature, people will want to not only track their assets and wealth with just a few clicks from their mobile devices, but also trade from all their accounts and wallets in one place” said Narek Gevorgyan, founder and CEO of CoinStats. “CoinStats aims to show how easy it can be to manage digital assets in real time”. 

    Jonathan Weiner, a fintech and CoinStats investor added: “With the promise of wallet and trading capabilities, CoinStats is redefining the modern management of crypto assets. We are seeing one of the fastest-growing crypto companies in the world and I am super excited to partner with Narek and the CoinStats team.”

    Stefan Cohen added: “The existing financial infrastructure has been inefficient and expensive for users looking to monitor their digital asset holdings. With CoinStats, both experienced and novice investors will be able to view, track, and trade their crypto assets all in one place.”

    As the cryptocurrency industry matures over the course of the next decade, retail investors will seek ways to securely and conveniently manage their digital assets in real time and all in one place, as they would for their traditional assets. CoinStats has within five years accrued a base of one million monthly active users and aims to rapidly expand over the course of the next year.

    About CoinStats

    Founded in 2017, CoinStats is a free Bitcoin and cryptocurrency portfolio tracking app. It provides 1 million monthly active users the ability to view and track their cryptocurrency holdings in real time from over 300 exchange and wallet providers all in one place. CoinStats tracks Bitcoin, Ethereum, Litecoin and 7,000 additional cryptocurrencies.  

    Contacts

    Public Relations Lead

    • John McLeod
    • Funday Agency
    • john@funday.agency
    • 07886920436
  • SushiSwap Enters the Avalanche Ecosystem

    SushiSwap Enters the Avalanche Ecosystem

    Key highlights: 

    • SushiSwap, a fork of Uniswap, is very popular among DeFi users and even has a higher TVL than Uniswap
    • SushiSwap is now also coming to the Avalanche ecosystem to offer lower fees, faster transactions, and some other benefits

    SushiSwap is now also available on the Avalanche blockchain

    Interest in DeFi has grown significantly in recent months, and this has contributed to the congestion on the Ethereum blockchain. DeFi users on Ethereum are now paying high transaction costs, which has resulted in a lot of criticism and users looking for alternative DeFi platforms. SushiSwap, an automated market maker protocol, says that they will be launching their service on the Avalanche blockchain in addition to Ethereum. 

    SushiSwap started as practically a clone of Uniswap that introduced a governance called SUSHI. This attracted users who were interested in yield farming, and the total value locked in SushiSwap is currently larger than on Uniswap. SushiSwap is a decentralized protocol, where users can swap between different tokens directly on the blockchain or earn an income by providing liquidity to pools.

    When using SushiSwap on the Avalanche ecosystem, users need AVAX tokens rather than ETH for their transactions. Avalanche is building out its DeFi ecosystem, and it facilitates faster transactions and lower fees for DeFi users. DeFi is primarily centered around Ethereum at the moment, but its expansion to other blockchains will provide new options to users.  This is especially important since currently, Ethereum users have to pay hundreds of dollars in transaction fees in some cases.

    Thanks to Avalanche’s recently-launched Ethereum bridge, the Avalanche blockchain saw a boost in activity, with transactions and unique wallets increasing rapidly. 

    According to DeFi Pulse SushiSwap is the largest decentralized exchange by total value locked. SushiSwap has managed to distinguish itself from Uniswap through its governance model and user incentives. Therefore, many users have selected SushiSwap, and the exchange has experienced rapid growth. 

    Now, users who aren’t prepared to pay the high fees on Ethereum can consider using the popular decentralized exchange on Avalanche instead.

    Moving forward, the DeFi ecosystem on Avalanche could continue growing thanks to the platform’s low transaction fees and quick transaction finality. Will SushiSwap’s expansion to Avalanche turn out to be a smart decision?

  • Cometh Launches New Layer 2 DEX on Polygon, Fueled by DeFi and NFTs

    Cometh Launches New Layer 2 DEX on Polygon, Fueled by DeFi and NFTs

    Innovative blockchain game Cometh has launched ComethSwap, its own Layer 2 decentralized exchange. The announcement was made on Cometh’s official social media accounts with more details explained by the team. The new exchange lets users swap any ERC20 token at a low cost with high transaction speeds.

    ComethSwap is part of an ecosystem which combines DeFi and NFT capabilities. It runs on Polygon’s (ex-Matic) Layer 2 which has intertwined capabilities with the game. Portions of fees generated circle back to players while properly incentivizing liquidity providers.

    “ComethSwap is another big step towards building the fully fledged decentralized ecosystem around Cometh in Layer 2”     — Cometh Contributor Nathan Sexer.

    The development team also announced upcoming liquidity mining programs following the launch. A UNIV2 liquidity mining scheme at ≈200% APY via Uniswap (L1) is still active while another round of incentives is set to come with “attractive APY and exclusive NFTs.”

    About Cometh 

    Cometh is the first DeFi Layer 2 powered blockchain game with yield-generating NFTs. It combines these features into a fun strategy game where players pilot spaceships who are tasked with mining asteroids for tokens. In-game transactions are denominated in the game’s stakeable ERC20 $MUST ⚗ token.

    Twitter: https://twitter.com/MUSTCometh
    Telegram: https://t.me/cometh_io
    Medium: https://medium.com/cometh
    MUST Token: https://coincheckup.com/coins/cometh
    Whitepaper: https://www.cometh.io/cometh-white-paper.pdf
    OpenSea: https://opensea.io/accounts/cometh_nft_forge

  • Lindsay Lohan to Release Exclusive NFT Collectibles On TRON

    Lindsay Lohan to Release Exclusive NFT Collectibles On TRON

    San Francisco, California, 18th March, 2021,

    American actress, singer, songwriter, entrepreneur, and television personality Lindsay Lohan is launching her new exclusive NFT on TRON blockchain.

    While Ethereum costs users too much to own any NFTs, TRON blockchain and TRC721 protocol are viable alternatives to the high gas fees and slow transition speed on Ethereum. 

    Lindsay, an admired and loved creator, is no stranger to the NFT and crypto world. She has been active and vocal about crypto adoption and has shown great interest in the NFT space. She is trailblazing by being one of the first few to pave the way leading towards mass adoption by providing content and educating people globally on all things crypto. Her highly anticipated new NFT auction will go live on March 20th. 

    “Hollywood and the Music industry are finally waking up to crypto and it is large part thanks to NFT’s,” said Lindsay Lohan. “The whole world has been keen on learning more about the NFT space. I couldn’t be happier to be a part of this revolution, helping to bridge the gap between creators and content admirers. I’m also really excited to be jumping on board with Justin Sun, Founder of TRON, on Clubhouse to further discuss NFTs and the launch of my artwork. Be sure to catch our fun-filled and informative session” 

    “We welcome the launch of Lindsay’s NFT on the TRON blockchain,” said Justin Sun founder of TRON and CEO of BitTorrent. “Lindsay is a true icon and has been very vocal about crypto, blockchain adoption and NFT’s. I’m looking forward to an exciting discussion with her this Thursday.”

    The ClubHouse will be live March 18th 10:30pm PST and here’s the link:  https://www.joinclubhouse.com/event/MwkpYaBe 

    About TRON 

    TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch in May 2018, network independence in June 2018, and TRON Virtual Machine launch in August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100M monthly active users.

    Website | Telegram | Medium | Twitter | Reddit

    Contacts
    • Marketing
    • defi_supply@tron.network
  • Nifty Gateway Is one of the Biggest Winner in the NFT Market – Analysts Say it Could Be Worth Over $1 Billion

    Nifty Gateway Is one of the Biggest Winner in the NFT Market – Analysts Say it Could Be Worth Over $1 Billion

    Key highlights:

    • Messari, a cryptocurrency analytics company, published a new report focusing on the NFT market
    • According to the report, Nifty Gateway one of the biggest winners in the NFT market, with a valuation between $774 million and $1.2 billion

    The NFT market has attracted a lot of attention recently. While NFTs have been around for several years, they became a major trend in the cryptocurrency space only a few months ago. This new interest for the innovative NFT technology has created many winners, with the Gemini-backed Nifty Gateway arguably being the biggest. The platform, which was bought by Gemini in November of 2019, is the biggest player in the NFT market and could be valued as high as $1.2 million, according to an estimate from Messari. 

    The NFT industry is in the spotlight currently, and the report is the result of this huge wave of interest. A record-breaking $69.3 million auction for an NFT created by renowned digital artist Beeeple has brought unprecedented attention to this technology.

    What are NFTs?

    NFT is short for non-fungible tokens. These tokens exist on a blockchain and are useful for representing ownership of digital products like digital art, video game items and collectibles. In theory, NFTs can also be used to represent ownership of physical assets. One popular platform that uses NFTs is NBA Top Shot, where users can collect videos showing impressive highlights from NBA players.

    Sales volumes for NFT platforms have skyrocketed recently, and Messari estimates that Nifty Gateway is the biggest player in the space. OpenSea is another big player, and its valuation is estimated between $321 and $498 million.

    An aggressive estimation for the NFT market

    The estimations mentioned above for the platforms were focused on a conservative model for forecasting NFT income in 2021. Using a more speculative model, the valuation for Nifty Gateway could be between $5.5 to $8.6 billion.

    Digital art is one of the most popular use cases for NFTs right now. However, the potential of NFTs is much broader. Documents, music, and many different digital products can also represented via NFT. Twitter founder Jack Dorsey is experimenting with NFTs as well, and is selling an NFT that represents the first tweet ever published on the Twitter platform. 

  • Bitcoin and Ethereum on the Bounce As Morgan Stanley Brings Bitcoin Investments to Clients

    Bitcoin and Ethereum on the Bounce As Morgan Stanley Brings Bitcoin Investments to Clients

    Konstantin Anissimov, Executive Director at CEX.IO

    The Bitcoin (BTC) and Ethereum (ETH) markets are on the side of the bulls today as both digital currencies received liberation from the market bears. A soothing succor is returning to the market following days of constant dips from the world’s two largest cryptocurrencies by market capitalization.

    Both Bitcoin and Ethereum have broken past their key resistance hurdles at $56,000 and $1,800 respectively. The market is agitated as this upsurge is needed to reconfirm the potentials of the market to close the quarter at an average of the differing price targets set by various investors and traders backing the markets.

    At the time of writing, Bitcoin has gained 4.16% and is trading at $58686.9, per data from the CEX.IO price feed. Ethereum’s bounce has earned it a 2.02% growth in the past 24 hours, and currently exchanging hands at $1822.47 per Ether. The correlation on the upswing for both digital currencies is reinstated and in hopes of sustained performance, both asset classes may yet close today with a correspondingly balanced growth rate.

    A brief look at the forces moving the market today.

    Bitcoin Bulls Capitalizing on Morgan Stanley’s BTC Move

    The bullish resurgence of Bitcoin takes its precedence from the news from one of the United States’ biggest investment banking giants, Morgan Stanley, who is providing access to Bitcoin funds for its clients. According to media reports, the firm will provide access to three funds, including two from Galaxy Digital, and will let clients have direct exposure to Bitcoin investments.

    Besides the fact that the move is the first of its kind from a US bank, it will be temporary succor for American investors that have been anticipating a more mainstream investment vehicle that will let them tag along the moving train of the fast-growing emerging asset class. The Bitcoin fund access from Morgan Stanley is reserved for high networth individuals, but that is even a better bet for Bitcoin as more inflows of funds are expected.

    Per the breaking news, BTC has sliced through the key resistance levels including the $56,000, and the $58,000 psychological levels respectively. From a low of $54,100 on March 17th, Bitcoin is now looking to retest the $60,000 resistance level, a push that is being resisted as the bear pressure is peaking at the current price level.

    The BTC-USD 4-hour chart shown above is reflecting the ongoing bear pull, forming a resistance on Bitcoin’s ambitious surge to breach the $60,000 price zone. With an RSI that is slightly below the buying point, the retracement of the price movement from the upper Bollinger Band may stir a healthy correction from the bull run ignited based on the Morgan Stanley news.

    However, the longer-term prospects of Bitcoin remain bullish, and a break about the $60,000 level should not come as a surprise. A dip back to the $56,000 support zone cannot also be ruled out.

    Ethereum and the Meitu Inc Favoritism

    Ethereum is comfortably unchallenged as the second-largest digital currency, and Meitu Inc, the tech firm from China is remarkably favoring Ether as its number one cryptocurrency. The company announced a new purchase of a total of 16,000 units of Ether at an aggregate consideration of approximately US$28.4 million as well as 386.08581655 units of Bitcoin at an aggregate consideration of approximately US$21.6 million.

    Per the obvious allocation, the company has more stake in Ethereum than Bitcoin, an unusual move seen when compared to the publicly traded company that has adopted digital currency investments as an alternative to holding fiat currencies.

    Ethereum is not taking this recognition for granted, surging past the $1,800 resistance zone, in a move that suggests a new break above the $1,900 price mark. While the buyers were keeping at ensuring this target is reached, their efforts were met with unwelcome resistance from the bears who appear to be taking over the market at this time.

    Ethereum gains are being parred off in correlation with the observed Bitcoin trends, as the impact of the Meitu favoritism is swiftly waning. While Ethereum battles the enormous challenges it is faced with, market bulls are optimistic the coin will crest and make the $2,000 level its major support level by the end of the first quarter.

    In the short term, Ethereum may drop back to the $1,700 price level, with eys being kept on the $2,100 as the next major price target.

  • Crypto Millions Lotto cements its digital lottery leadership status with the launch of five new lotteries

    Crypto Millions Lotto cements its digital lottery leadership status with the launch of five new lotteries

    London, England, 18th March, 2021,

    Crypto Millions Lotto, a leading digital lottery site, is excited to announce that it has substantially increased in size, with the recent launch of five new lotteries, bringing the total number of lotteries on its site to six.

    The five new lotteries are the UK National Lottery, LottoMax in Canada, Mega Sena in Brazil, The Oz Lotto in Australia, and EuroMillions.

    Traditionally, these state lotteries are only available to the residents of the countries where they’re based. Now, anyone who buys a ticket on Crypto Millions Lotto can play the numbers of any of these lotteries. But there’s two significant differences between Crypto Millions Lotto and these state lotteries. 

    The jackpots on Crypto Millions Lotto are much bigger than any of the individual state lotteries. As the numbers are determined and publicised independently by each lottery, everything is totally transparent. In addition, all the lotteries and games on the site are played exclusively with bitcoin, the world’s most exciting and popular digital currency. 

    Players can also win by introducing friends. A generous Refer-a-Friend program pays every time someone you’ve introduced buys a ticket – in bitcoin of course. If they’re lucky enough to have the winning numbers, then you’ll receive a percentage of their win as well.

    Commenting on the news, Wilmington Holdings plc CEO, Sulim Malook said: “We are excited to expand the number of lotteries available to our players, and we’re doing it in a truly digital way, by providing a simple online experience and with transactions in a digital currency. And we’re not stopping here. We already have plans to add more games and lotteries. So, watch this space.”

    About Crypto Millions Lotto 

    Crypto Millions Lotto is operated by UK-based Wilmington Holdings plc, whose wholly owned subsidiary company Ofertas365 (Curaçao) N.V., holds a lottery license to operate in more than 180 countries. Jackpots are fully insured by the world’s leading prize indemnity insurance specialist and prizes are based on the outcome of six established national lotteries. This unbreakable link gives Crypto Millions Lotto complete fairness and transparency.

    For more information, visit https://www.cryptomillionslotto.com/

    Contacts

    Founder and CEO

    • Sulim Malook
    • Crypto Millions Lotto
    • info@cryptomillionslotto.com
  • Jelurida’s Strategic Partnership with Simplex Enables NXT and Ignis for Global Purchases

    Jelurida’s Strategic Partnership with Simplex Enables NXT and Ignis for Global Purchases

    Lugano, Switzerland, 18th March, 2021, // ChainWire //

    Swiss blockchain company, Jelurida, has announced a deeper strategic collaboration with Simplex, the market-leading fiat infrastructure for crypto onramps. As Jelurida develops and maintains the Nxt, Ignis, and Ardor blockchains, users can now buy these blockchain’s native currencies through Simplex’s platform. Partnerships like these make it much easier for users to access a huge range of cryptocurrencies via fiat money. 

    This partnership between Simplex and Jelurida confirms the mainstream appeal of cryptocurrencies. Users can now purchase NXT the native currency of the iconic first pure proof of stake blockchain Nxt and IGNIS the currency of the Ignis permissionless child chain of the Ardor multi-chain platform, through Jelurida’s website or Simplex’s partner network. As Jelurida agreed with Simplex to offer the same exposure to these currencies as the company does to Ardor and ARDR, an important milestone has been reached. Strengthening this partnership confirms that Jelurida wants to encourage new implementations through the Nxt, Ardor, and Ignis blockchains. 

    Founded in 2017 in Switzerland, Jelurida wants to build and maintain different blockchains tailored to specific needs. Its involvement in Ardor and Nxt is well-known, and Ignis proves to be another crucial flagship project. Ignis is a main child chain of Ardor with over 20 built-in features to accommodate many use cases including, arguably, the simplest method for registering NFT tokens using a combination of the singleton asset and cloud data features.

    To tap into new commercial use for Nxt, Ardor, and Ignis, Jelurida positions itself as a catalyst for startups, organizations, and others to incorporate blockchain technology. Anyone can license the company’s technology for a private blockchain implementation or create a custom child chain on Ardor similar to Ignis. There are countless options to explore and experiment with. 

    “We’re excited to work with Jelurida to support the growing demand of seamless, worldwide access to cryptocurrencies, and to continue enabling our secure onramp solution for anyone, anywhere”, said Ari Last, VP of Business Development at Simplex.

    A principal member of the Visa network, Simplex works alongside leading digital asset exchanges, wallets, and brokers to grow crypto on/off ramps and democratize access to cryptocurrencies for all users worldwide. The EU-licensed fintech also recently launched Simplex Banking, a product that allows its partner network to enable users to buy crypto with a range of local and global payment methods, and convert these funds to fiat, which they can withdraw for daily use.

    Adding IGNIS and NXT to Simplex’s growing list of conveniently accessible cryptocurrencies helps lower entry barriers to this industry. As Jelurida now has all three of its main ecosystems supported by Simplex, the entire world can begin experimenting with these technologies and the native assets of each platform. 

    “The ability to buy tokens using a credit card is an important component for any blockchain-based casual gaming platform such as our Bridge Champ flagship project. The Simplex solution also provides many useful benefits for our partners and projects building on Ignis and Nxt” said Lior Yaffe co-founder of Jelurida.

    About Jelurida

    Founded in Lugano, 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. For more information please visit www.jelurida.com.

    About Simplex

    As an EU licensed financial institution and Principal Member of the Visa network, Simplex provides seamless and risk-free on/offramp solutions to anyone, anywhere via its vast network of industry-leading partners that include digital asset exchanges, wallets, and brokers. With a mission to democratize access to crypto for users worldwide, Simplex’s Banking solution simplifies the buying and selling of crypto assets. It helps users easily capitalize on market trends swiftly, to purchase how and when they want.

    Contacts

    Marketing Specialist

    • Elisa Manzieri
    • elisa.manzieri@jelurida.com