Mga Gabay, Kaalaman at Insight sa Crypto

Cryptocurrency Exchange Blockchain.com Announces Completion of $110 Million Series E Funding

Cryptocurrency exchange Blockchain.com has announced the completion of a $110 million Series E funding round, led by UK investment management firm Kingsway Capital. Other participants in the round include Baillie Gifford, Lakestar, Lightspeed Venture Partners, and Coinbase Ventures.　　The company was valued at $14 billion after raising an undisclosed amount in a Series D funding round in March 2022. However, the latest Series E round values Blockchain.com at less than half of that previous valuation. Manny Stotz, founder and CEO of Kingsway Capital, and Nicolas Brand, a partner at Lakestar, will join Blockchain.coms board of directors following this funding round.　　Kingsway Capital also led another undisclosed funding round for Blockchain.com in the third quarter of last year.　　

2023-11-15Malalim na Pagsisid

Reviving Cryptocurrency Market: Is the Crypto Winter Finally Over?

For investors who have been preparing their heads for a long crypto winter, the present prognosis of the digital currency market environment is regarded promising.　　Over the weekend, the aggregate crypto market value briefly surpassed $1 trillion for the first time in a few weeks, indicating that a huge recovery may be begun.　　While investors may be pleased with this trend, a key issue arises: Does this recovery suggest a return to bullish green days？　　Answers: Yes and No　　There are two types of investors in the crypto ecosystem today: those looking for a quick profit and those looking for a long-term investment.　　Those in the ecosystem will largely say Yes in the short term, as the 5.56 percent weekly increase in the price of Bitcoin to $21,248.76 aligns with sentiment and desires significantly. For those who are in it for the long haul, the reverse is true.　　Regardless of sentiments, Bitcoin and the larger crypto ecosystem are headed to historically record periods of correction, either on the uptrend or downturn, depending on the assets prior movement. This indicates that if we witness a period of huge price gain, such as when BTC reached its All-Time High (ATH) above $68,000 in November last year, a period

2022-06-28Malalim na Pagsisid

Binance Introduces a Premier Platform for VIP Users and Institutional Investors

Binance, a cryptocurrency exchange, announced on Friday the introduction of a new exclusive platform for institutional investors and VIP customers to trade digital assets.　　The new advanced platform, dubbed Binance Institutional, offers specialized services to high-net-worth individuals and institutional investors such as asset managers, hedge funds, and family offices. The platform also provides asset management, a brokerage program, and algorithmic trading.　　The commodity was announced by the exchange via a new Twitter social media account dedicated to Binance Institutional. Binance stated in the tweet that the decision to introduce the new product is part of a “effort to strengthen its institutional offerings and services.”　　While the Binance Institutional homepage is accessible via the companys main website, it is not visible to Binance.US users.　　According to the Binance Institutional website, the product offers a variety of services such as advanced custody solutions, access to instant pricing, a suite of broker products, over-the-counter liquidity, algorithmic trading execution, and a liquidity program for traders in spot and futures markets.　　Despite the current market downturn, Binance intends to continue expanding its operations with the launch of Binance Institutional.　　In contrast, several other cryptocurrency exchanges have lately announced major layoffs as the dubbed “crypto winter” continues. So far this month, nearly

2022-06-27Malalim na Pagsisid

Yuga Labs Files Suit Against Artist Producing Copycat BAYC Collection

Yuga Labs, the blockchain business behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection, has launched a lawsuit against digital artist Ryder Ripps and his colleagues for creating a Bored Apes knockoff.　　Yuga Labs stated in a 43-page complaint filed in California on Friday that Ryder and his cohorts move is an attempt to degrade the commercial value of the Bored Ape NFTs. The team stated that there are only 10,000 Bored Apes in the world, and many famous people are pleased to use them as their digital identities.　　According to the suit, Ryder and his crew are constructing a new collection using original copies of their flagship NFTs and branding it “RR/BAYC” NFTs. The petition asks the court to stop Ryder and his team from “interfering further with its prospective economic contacts,” as well as to order them to pay damages and attorneys fees.　　Ryder has recently been on the front lines, accusing Bored Ape of manufacturing the NFTs with Nazi ties, an allegation Yuga Labs has refuted with facts.　　Yuga Labs is undoubtedly the most well-known name in the Web3.0 ecosystem, and in addition to its BAYC collection, it now owns the IP to the CryptoPunks and Meebits collections after

2022-06-27Malalim na Pagsisid

Solana Presents the Web3 Mobile Phone Saga

Solana Labs subsidiary Solana Mobile has announced the release of the “Saga” smartphone in 2023.　　The flagship Android phone is a customized OSOM device with specialized crypto wallet functions and the “Solana Mobile Stack (SMS)” software development kit for Web3 applications.　　According to Solana, the $1000 phone has “unique functionality and features securely integrated with the Solana blockchain, making it quick and secure to transact in web3 and manage digital assets such as tokens and NFTs.”　　OSOM, the designer of Saga, is a leading Android development business. Among others, the company has created computing hardware for Google, Apple, and Intel.　　Saga was first launched at a New York event. The event also launched the Solana Mobile Stack, an Android framework that allows developers to construct sophisticated mobile experiences for Solana wallets and apps, as well as a “Secure Element” for private key management.　　“The Solana Mobile Stack SDK is available to developers now, and Saga is available for pre-order starting today, with delivery in early 2023,” Solana said in an announcement　　Solanas greatest mobile venture will include a Web3 dapp (decentralized app) store, an integrated “Solana Pay” to enable QR code-based on-chain payments, a mobile wallet adaptor, and a “seed vault” that would store private keys

2022-06-27Malalim na Pagsisid

Coinbase Will Suspend Coinbase Pro

Coinbase Global Inc, an American cryptocurrency trading platform, has announced plans to shut down its Coinbase Pro platform before the end of the year.　　The exchange stated that the decision was prompted by its combined efforts to redesign how its users interact with its platform in order to provide a more flexible trading ecosystem.　　Coinbase said it has developed a new interface, the Advanced Trading Branch, which it said can now be accessed through its main platform, in an effort to cut off its split platforms, which naturally produces friction for customers. While the Coinbase Pro platform will remain available for some customers, advanced traders seeking further intricacy in their charting can now use the Advance Trade branch.　　“Many customers rely on Coinbase Pro and Coinbase.com for overlapping sets of features, and often experience friction when transferring balances back-and-forth between the two products,” said Dan Stone, Group Product Manager, and Andrew Herman, Engineering Manager, adding that “to resolve this friction and offer customers the best of both worlds, we have rebuilt the full Coinbase Pro advanced trading experience within the Coinbase mobile app and Coinbase.com. As we continue to add more features to Advanced Trade on Coinbase, we will sunset Coinbase Pro later

2022-06-24Malalim na Pagsisid

Poor Crypto Projects May Not Be Easily Saved by Bailout, CZ Says

Binance CEO Changpeng Zhao (CZ) stated on Thursday that bailouts should be done conditionally, since some projects may not be worth saving owing to their poor performance during the crypto winter.　　Without elaborating, the Binance CEO stated that not all companies are destined to be rescued, and he hinted that the present economic disaster that has impacted the crypto industry is simply a way to highlight the firms that lack concrete business plans. According to CZ, certain companies simply do not deserve a bailout because they have “no product-market fit, are badly managed, and are poorly operated.”　　While the aforementioned inefficiencies are not the difficulties of many other faltering businesses, he claims that excessive spending is what is pushing the majority of them to the ground. Based on these factors, CZ concluded that these poorly managed companies did not deserve to be bailed out.　　“In any industry, there are always more failed projects than successful ones. Hopefully, the failures are small, and the successes are large. But you get the idea. Bailouts here dont make sense. Dont perpetuate bad companies. Let them fail. Let other better projects take their place, and they will,”　　Changpeng Zhao stated that its negotiations team is exploring bailouts for

2022-06-24Malalim na Pagsisid

Tether Will Launch GBPT in July, Pegged to the British Pound

Tether Operations Limited (“Tether”), a stablecoin issuer, has announced plans to launch Tether tokens (“GBP”) tied to the British Pound Sterling in early July.　　“GBP₮ will join four other fiat-currency pegged tokens Tether has in the market: the US dollar-pegged USD₮, the Euro-pegged EUR₮, the offshore Chinese Yuan-pegged CNH₮, as well as the recently launched MXN₮, the Mexican Peso-pegged stablecoin,” Tether said in a blog.　　The pound-pegged coin will be known as GBP (GBPT) and will first exist on the Ethereum (ETH) network, according to Tethers release.　　Tether runs the blockchain-enabled platform tether.to, which powers the worlds largest stablecoin by market valuation (approximately US$68 billion).　　This action follows the UK Treasurys April announcement that the country would become a worldwide crypto powerhouse. The UK government has recently announced plans to recognize stablecoins as a viable form of payment.　　“The creation of GBP₮ will put British Pounds on the blockchain and provide a faster, less costly option for asset transfers.” Tether said.　　According to Tethers blog, GBP will be a stable digital asset that will operate under the domain tether.to and will be tied 1:1 to the British Pound Sterling. The business also stated that the same team of developers who worked on GBP also worked on

2022-06-23Malalim na Pagsisid

Bybit Will List OBX Token on Its 2.0 Launchpad

Bybit, a cryptocurrency trading platform, has announced plans to offer the first BloxVerse platform token OBX on Bybit Launchpad 2.0.　　The companys maiden exchange offering for OBX, according to the statement, would be hosted on the Bybit Launchpad 2.0 on June 30.　　OpenBlox is a non-fungible token (NFT) gaming and web3 platform based on the Ethereum Virtual Machine (EVM). It is primarily concerned with play-and-earn, move-and-earn, and IP branding.　　Users can use the firms token, BIT, to subscribe to token allocations or participate in Launchpad 2.0s new lottery approach, according to the company.　　“Users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens,” the announcement said.　　Bybit customers can now use the Launchpad to purchase the top performing tokens from previous listings.　　In addition, Bybit has introduced its grid trading bot.　　On June 20, the new grid trading tools became available to all registered customers. Users will also be able to utilize the grid trading bot to automate their buy and sell orders and alter their investment amount, according to the company.　　“By executing low purchase orders that lead to high sell orders during a lateral price movement, the system ensures profitability each time the sale price exceeds the purchase price,

2022-06-23Malalim na Pagsisid

BNB Chain and University of Zurich Join Forces to Promote Blockchain Education

BNB Chain, a Binance-backed smart contract platform, has announced a new cooperation with the University of Zurichs Blockchain Center to participate in the upcoming three weeks of the Universitys International Summer Schools for blockchain education.　　Students will be taught on the fundamentals of critical blockchain topics, such as the Consensus Model, assets on the ledger, data storage in blocks, identity, governance, and smart contracts, with a major theme of exploring a “Deep Dive into Blockchain.” According to the release, Alvin Kan, BNB Chains Ecosystem Coordinator for Games and NFT and Director of Data & Research, will represent the company in the initiative.　　“BNB Chain wants to accelerate the development of blockchain technology and empower students to build innovative projects. This collaboration is an opportunity for the students to dive deeper into blockchain technology and contribute to the future of Web3, as well as for us to amplify the mass adoption of blockchain,” said Alvin in a statement.　　Alvin will specifically assist in the creation of a segment of the course on fundamental blockchain principles and will organize an NFT workshop for students. He will also assist with the development of a use case in which a group of five students will cooperate on

2022-06-23Malalim na Pagsisid

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