Crypto Guides, Knowledge & Insights

ODDZ listing on AscendEX

AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Oddz Protocol Token (ODDZ) under the pair USDT/ODDZ on Apr 19 at 1:00 p.m. UTC.　　Oddz Finance is the worlds first on-chain option trading platform built on the Binance Smart Chain, Polkadot, and Ethereum Blockchains with a built-in oracle solution. Its distinguishing features include instant trades, interoperable options trades, transparent premium discovery methods, and custom option trading techniques.　　The Oddz Protocol‘s native token is ODDZ, which is designed to incentivize and promote the community’s active participation. The ODDZ tokens represent power for users and are central to the incentive structure and governance of the Oddz Protocol.　　The ODDZ token holders represent an integral part of the Oddz ecosystem. They vote on various proposals for the protocols growth. Moreover, the primary motive of Dapps in the ecosystem is to fuel the decentralization of authority; thus, the community holds a substantial role in driving the development and use of Dapps. Platform users can also employ ODDZ tokens to facilitate transactions seamlessly.　　The Oddz platform has a few key product features available to users. Users can stake ODDZ tokens on the Oddz platform to earn

2021-04-20Deep Dive

NFTb launches NFT marketplace focused on environmental sustainability

The new marketplace is said to provide a more affordable option for artists launching digital artwork and other rare collectibles. It also lets them donate a portion of their proceeds to charities.　　NFTb, a nonfungible token platform built on the Binance Smart Chain, is launching a new version of its marketplace focused on supporting social causes and providing artists with more affordable listing options.　　The new marketplace connects artists and leading charities, allowing anyone to auction their artwork at an affordable rate and donate a portion of their proceeds towards a charity of their choosing. NFTb claims over 120 artists have already joined the waitlist.　　Sia Mohajer, an executive with NFTb, said many artists are concerned about the environmental impact of their work and that current marketplaces dont provide any recourse for mitigating those risks. She explained:　　“We have found that many artists who are not familiar with NFTs are extremely concerned about the environmental impacts of their activities. Weve built a platform to help artists ensure that the production of their work is environmentally sustainable, and can support the social causes that matter to them.”　　NFTb recently announced the completion of a $200,000 seed funding round in support of its marketplace. Its backers include

2021-04-20Deep Dive

Online Retail Giant Newegg Starts Accepting Dogecoin

After embracing Bitcoin in 2014, Newegg has also started accepting Dogecoin.　　Electronics-focused online retailer Newegg has started accepting Dogecoin (DOGE) as an official payment method with the help of BitPay, according to its Apr. 20 press release.　　Prior to the official announcement, the company started teasing the news on Twitter, asking Tesla CEO Elon Musk if he would shop with them if they added his favorite cryptocurrency.　　The U.S.-based e-retailer claims that the announcement is meant to celebrate Doge Day, a made-up holiday celebrated on Apr. 20 when the joke coin is supposed to reach $1.　　Andrew Cho, Neweggs senior brand success manager, claims that the addition of Dogecoin reflects “the excitement and momentum” surrounding crypto:　　“The excitement and momentum around cryptocurrency are undeniable, and the recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency. ”　　Newegg.com allowed its customers to shop with Bitcoin back in 2014, becoming one of the first major retailers in the world to embrace the new asset class. Dogecoin is only the second cryptocurrency accepted by the Los Angeles-based company.　　Dogecoins growing mainstream adoption　　Dogecoins merchant adoption appears to be growing in lockstep with its price. The NBAs Dallas Mavericks started

2021-04-20Deep Dive

Ankr Project Review: Cloud Computing for the Blockchain

Key Takeaways　　Ankr links idle computing power with blockchains in need of node hosting.　　The ANKR token is used to settle transactions between providers and end-users.　　Theyre capable of providing this computing power for much cheaper than competitors AWS or Google Cloud.　　Ankr is bringing cloud computing to the blockchain. By doing so, theyll be competing with giants such as AWS, but their unique decentralized approach allows them to carve a significant niche in this lucrative market.　　 Disrupting a Trillion Dollar Industry　　The advent of cloud computing has been one of the defining factors of the internet‘s accelerated growth in the last decade. It has also paved the way for Amazon’s rise to become one of the worlds most valuable companies.　　Providing a decentralized approach to AWS, Google‘s Cloud, or Microsoft’s Azure will undoubtedly be a complex challenge, but Ankr offers several advantages. Distributing computing power and storage across the world through a cloud computing model is more secure, reliable, and resistant to censorship.　　Ankr‘s objective is to link idle computing resources with individuals or companies who need them. Ankr’s platform works by linking data centers with idle servers or companies not using all of their computing resources and then linking them with end-users. Transactions between providers

2021-04-20Deep Dive

‘Alarm’ Rings as Crypto Trading Outpaces Stock Market in South Korea

South Korean crypto trading volumes have outperformed stock market activity for the first time in the nations history, with crypto trading gathering pace at a rate some find “alarming.”　　Media outlets such as Yonhap and Segye Ilbo, as well as Kyunghyang Shinmun reported that on April 15, crypto trading volume figures peaked at USD 21.5bn per day.　　The combined daily total for the stock market – the KOSDAQ market plus the sum of the South Korean securities markets and South Korean traders activities on overseas markets – reached USD 18.8bn on average in March. April figures are not yet available.　　The media outlets stated that the USD 21.5bn total had been calculated using CoinMarketCap data from 14 domestic exchanges that support fiat KRW-crypto pairings.　　Meanwhile, traditional investors reported their surprise at the news. Lee Young-sik, a stock market trader with over two decades of experience on the domestic market, told Cryptonews.com,　　“The rush of totally green retail investments to the crypto market is alarming, to say the least. People are on the lookout for a quick buck. They have lost all faith in the real estate market, which many of them now see as inaccessible. But rather than turning to stocks, now they have crypto

2021-04-20Deep Dive

Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value

The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “wont necessarily be a store of value.”　　Fed Bank Chief Calls Bitcoin a Store of Value　　The president of the Federal Reserve Bank of Dallas, Robert Kaplan, talked about bitcoin and central bank digital currencies (CBDCs) Friday at the Texas A&M Bitcoin Conference 2021 hosted by Mays Business School.　　Firstly, Kaplan explained that he would distinguish between bitcoin and central bank digital currencies. “I would differentiate between a cryptocurrency, like bitcoin, and the discussions that are being had about digital currency,” such as the digital yuan experiment in China, he described.　　He proceeded to explain that the challenge on bitcoin is “how widely it will be adopted.” The Federal Reserve Bank of Dallas chief elaborated:　　“Right now, it‘s clear it’s a store of value.”　　“It obviously moves a lot in value,” he continued. “That may keep it from spreading too far as a medium of exchange and wide adoption but that can change and that will evolve.”　　The Fed bank chief also confirmed that he and his team “have studied intensely and will keep studying bitcoin

2021-04-20Deep Dive

CoinGecko Launches Art Focused NFT ‘Spotlight’

CoinGecko launched ‘NFT Spotlight’ on their website. Sven Eberwein is the first artist to collaborate.　　One of the longstanding issues in the art world has been bringing clients and sellers together with relative ease. Many often artists struggle to bridge the gap. ‘Spotlight’ is another step by the crypto industry to fill that gap with NFTs.　　NFTs provide a new platform for artists　　CoinGecko has announced the launch of an art-focused NFT named “Spotlight.” The crypto information site has long been a proponent of NFTs, hitting all-time highs in 2020 and even feature an “NFT of the Day” section on their site.　　Non-fungible tokens have exploded due largely to their flexibility as digital assets and the expanding markets embracing them. This ability to explore creativity using these tokens has opened a new trend in the art world. Already we have seen many examples of this with artists like Beeple and Damien Hirst making NFT exclusive works.　　Beeple, AKA Mike Winkelmann, is even setting art records thanks to NFTs. The US-based digital artist recently sold a piece entitled Everydays: the First 5000 Days for $69M in March. The sale was at the legendary Cristies Auction House and became the third-highest price paid for a work done

2021-04-20Deep Dive

PointPay Token Sale Platform Review

PointPay is an ambitious crypto project that aims to become a full-scale cryptocurrency banking ecosystem, already off to an incredible start in its long-term roadmap. Here‘s a deeper look at what PointPay has to offer, why it was awarded “best blockchain startup,” and why you can’t miss the PXP token presale.　　Dont Miss The PXP Presale With Less Than Two Weeks Left　　Only few weeks are left in the PXP token presale, and the PointPay platform is already live and filled with tons of high-value features.　　Buying PXP directly from the PointPay Bank has several levels of benefits that boost the number of tokens awarded during the presale phase, up to 100,000. The highest level also earns an exclusive VIP status.　　Crypto Banking Evolved: The Highest Rates In The Crypto Industry 　　Right out of the gate, PointPay offers world-class blockchain-based banking products with some of the highest rates in the entire crypto industry – rates that eclipse the traditional banking world.　　The worlds first blockchain-based bank lets users open crypto checking and crypto savings accounts and earn daily compound interest on crypto assets.　　Rates range from around 4% to 8% on many top crypto assets, but thanks to the power of the PXP token, PointPay token,

2021-04-20Deep Dive

How Time Magazine Accepting Bitcoin And Altcoins Is A Growing Sign Of Global Adoption

Earlier today, Time Magazine added Bitcoin and 16 Altcoins for payment options on its platform. This is following a new partnership announced with Crypto.com, a crypto exchange platform. With this new development, Time Magazine will allow its users to purchase its digital subscriptions with Crypto.coms CRO coin.　　Subscribers who make a one-time purchase with cryptocurrency will be allowed unlimited access to content across Time.com for the period of 18 months. Additionally, in partnership with crypto.com, subscribers who pay using CRO, the crypto.org coin, will get Pay Rewards of up to 10% back.　　Buy Time Magazine With Bitcoin And 16 Altcoins　　Currently, this service is only available in the US and Canada. Its expected that global access will be available in the next few months.　　TIME President Keith Grossman said:　　“As TIME continues to innovate and find new ways to build upon our existing community of 2.3 million subscribers, we are proud to offer this new payment option through our partnership with Crypto.com,”　　TIME group had also invested in crypto analytic film Chainalysis and revealed that it would be open to adding Bitcoin to their treasury and payment option.　　Kris Marszalek, co-founder and CEO of Crypto.com,　　“We feel very fortunate to partner with TIME,” said “Our mission is to

2021-04-20Deep Dive

Would Coinbase Ever Launch a COIN Token?

Coinbase went public last week, meaning retail investors can now buy its stock on the Nasdaq. Meanwhile, crypto enthusiasts can also buy tokenized versions of the stock on specialty exchanges like FTX and Binance—the token is backed by actual shares of the stock.　　But one thing would-be investors still cant do is buy a tokenized version of the stock issued by Coinbase itself.　　This is a frustration for many: not only would a native Coinbase token delight crypto fans, but it would also improve liquidity, since such a token could be traded outside market hours.　　The frustration is doubled by the fact that Coinbase itself has professed to be in favor of issuing tokenized shares—not just for its own stock, but for all stocks, even the likes of Walmart.　　‘Be as crypto native as possible’　　In a May 2020 interview, Coinbase co-founder Fred Ehrsam told Fortunes Jeff John Roberts, now executive editor at Decrypt, that it would be boring if Coinbase went public without doing anything blockchain-related.　　“Coinbase should constantly challenge itself to be as crypto native as possible,” Ehrsam said. “If we think the future is all assets exist on the blockchain, why should this be any different？”　　This failed to materialize, however, and the exchange

2021-04-20Deep Dive

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