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What You Need To Know To Profit From Bitcoin’s Upcoming Halving

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Bitcoin is an asset that acts and behaves very differently to a lot of others, as well as other markets. The digital currency is a decentralized asset, and this means that its market is not impacted by centralised decisions. In oil, for example, the price can be changed by decisions made by OPEC, but with Bitcoin, there is no one figure that can change how the market moves.

In saying that, there are a few occurrences that happen internally with the coin that are purported to have major roles to play on its overall price and market. One such incident is fast approaching — the Bitcoin mining reward halving. This event, scheduled for around the 12 of May, will have a massive impact on Bitcoin’s mining community, but it could well spill over to its price.

The Bitcoin mining reward halving is where the rewards that come from unlocking a new block on the Bitcoin blockchain are slashed in half. This will be the third time this happens which means the reward of 12.5 BTC for solving an algorithmic equation and unlocking a block will now amount to 6.25 BTC.

This is done in order to keep the coin scarce, and leads to deflation, rather than inflation. So, while this halving will affect miner profitability overnight, its macro-economic impact is pretty straight forward in terms of the market influence. With less reward for each new block means less new Bitcoin being added to the circulating supply. Less new Bitcoin means lower supply, which means higher demand, which should mean a growing price.

However, there is more to it than that, and there are a lot of considerations to look at when deciding if the May 12 halving will cause renewed price action for Bitcoin, or not. Many experts have weighed in on how the Bitcoin mining reward halving will impact its price, and their thoughts are very varied. Some believe it will send the price skyrocketing, some predict no impact whatsoever.

Historical evidence

Bitcoin has had two halvings in the past, both of these sliced the reward by 50 percent, but interestingly, both of these also saw the price of Bitcoin increase by the same, rather large, percentage.

Twitter Trader and technical analyst, Rekt Capital, predicts that the new all time high for Bitcoin following this halving will be as high as $40,000, based on historical evidence alone. He pointed out that, following the first halving in November 2012, Bitcoin’s price increased from a $2.01 bottom to the top of $270.94 – a 13,000 percent increase. The second halving, in July of 2016, saw Bitcoin go from a bottom of $164.01 a top of $20,074 – a similar increase of 12,000 percent.

Thus, if Bitcoin rallies somewhere between 12,000 and 13,000 percent, then the price would come to a top of anywhere around $40,000 in the coming months, or even years, after this halving event in May.

A slow start

What Rekt Capital does not offer in his prediction is a timeline. Many predictors say that even the simple event of the halving happening will start to move the price of Bitcoin because people will start trading on the potential of the news rather than the impact of it.

However, a more measured prediction comes from mining giant Bitmain’s founder Jihan Wu. Wu has said that he does not think Bitcoin will immediately start taking off following the reward halving due to the fact that the global economy is currently under such pressure with regards to the Covid-19 pandemic.

“As Bitcoin’s market cap grows, its volatility decreases and becomes more stable,” Wu explained. “That means we may not see abrupt spikes in its price. No matter how high Bitcoin goes, one day it will reach a top. Before that, it will see prices with flatline growth with some twists in the next few years.” Wu also added:

“I think the bull this time around may not come immediately after the halving. There likely will be a delay in time.”

Deflation in a time of hyperinflation

Another aspect to consider in this time of financial uncertainty is that Bitcoin could start being much more valued for its deflationary moves in a time where different economies are flirting with inflationary monetary policies.

The USA and its Federal Reserve, for example, have suggested that they are happy to print almost infinite amounts of cash in order to try and float the economy, increase liquidation, and stimulate spending. While this policy would help keep the economy going, it could also severely damage the value of the dollar.

Just like a lower supply means higher demand, and higher value, the printing of money can lead to oversupply and inflation which can debase and devalue the dollar. So, people may start looking at Bitcoin as an anti-correlated asset, and one that will be lessening its supply in the coming years, as a good asset, leading to higher price actions.

Blockstream’s Samson Mow recently responded to anti-Bitcoin economist Nouriel Roubini, who said: “Bitcoin Isn’t Down Because of China, It’s Down Because You Don’t Need It,” while linking to an article on Forbes. Mow’s response pointed out these macroeconomic principles at work.

“Bitcoin is down because we’re still in the phase where we mint 1,800 $BTC a day. At $9,000 price levels, $16.2 million a day is required to maintain a stable price. The upcoming halving will fix this. Weak hands can GTFO,” Mow responded.

Planning ahead

One other aspect to consider when thinking about if Bitcoin’s price is going to rise with the upcoming halving is to consider if the traders and market makers have already priced in the halving’s impact.

This would mean that, in anticipation of the halving, people may have already started buying up Bitcoin, holding onto it, and preparing for its value to increase with lower supply meaning that when the lower supply arrives, the price has already reacted.

Bitcoin miners may be part of the reason why the price may already be in as they have been increasing their own efforts to mine the coin when the rewards are still up, and many of them would have been holding those coins, meaning that there is already less new money entering circulation.

However, Binance CEO Changpeng Zhao recently stated: “I personally believe the halving has not been priced in.”

This is backed up by Alexander Kravets, CEO of CEX.io U.S., who believes that the stock-to-flow model — measuring the size of existing supply versus yearly production — has worked out correctly in the past. Kravets has predicted that:

“If we consider Bitcoin a commodity like the CFTC does, then Bitcoin — like other commodities — has a built-in floor representing the cost of production. I think what we saw this winter may have been an established price floor set by the miners of around $6,800 — but as the block reward is cut in half, we can see the price floor rise to what many speculate to be just under $9,000.”

Things are looking up

While there are a number of different predictions surrounding the halving, and they are all very different, the majority of them see the price of Bitcoin only going up in the months, and years, to follow. It makes economic sense for this to happen, but when and how it will happen, is a lot more uncertain.

Bitcoin has, for most of its history, been on an upward trend as it was the best performing asset over the last decade. As things go on, it only makes more sense that the coin will keep rising along with ongoing decreases in its supply.

In order to try and be a part of the next major price action from Bitcoin, it is imperative to find a good exchange and platform to start trading and getting into Bitcoin.

There are many different Bitcoin trading platforms out there currently, but PrimeXBT ranks as one of the best options for extracting maximum opportunity out of the upcoming Bitcoin halving. Of course, buying Bitcoin is one way to make money off the halving, and PrimeXBT makes getting your hands on BTC very easy with excellent mobile app for Android and Apple, this means buying Bitcoin on the go is simple, and with minimum deposits of only 0.001 BTC (less than 10 dollars) that can be made via a BTC address, with USD or even through altcoin via Changelly, it is very easy to enter the market with PrimeXBT.

But, what sets PrimeXBT apart from other platforms is that it allows users to profit off of Bitcoin regardless of which direction the price of the coin goes after the halving. PrimeXBT lets traders short or long the Bitcoin price which means that even if the coin loses value after the halving, you can still profit through using short positions on PrimeXBT. There is also the option to hedge positions by opening long and short positions simultaneously as following the halving there are unprecedented price movements expected. PrimeXBT also allows for major profits because it offers up to 100x leverage — which means the potential for exponential profits when used in conjunction with the many other features PrimeXBT offers traders to succeed. These profits are further maximized by the fact that PrimeXBT has some of the lowest fees for trading around that gets better the more you use the platform with its progressive fee discount system that can cut fees by an additional 50 percent for big-time traders.

PrimeXBT is a great trading tool to use before, and after the Bitcoin halving because the many different advanced trading tools offer traders a chance to master almost any movement the market makes. We have seen that the predictions of what will happen after the halving are so varied that it pays to be able to use things like Stop Loss orders, Take Profit Orders and OCO orders that PrimeXBT offers.

More than that, the built-in charting software allows traders to plot trend lines, draw patterns, support, resistance, and more with over 50 different technical indicators including MACD, RSI and Bollinger Bands. Traders can also trade with confidence as PrimeXBT boasts bank-grade security for its platform and the digital assets contained within. It has features such as address whitelisting, two-factor authentication, cloudflare DDoS protections, and more features that not only protect your funds, but also secure your trading experience.

This mining reward halving is predicted to be a major event for the Bitcoin market in the coming weeks before it happens, as well as for a long time afterwards. Having a platform like PrimeXBT with its robust and anglie trading options, set up with a customisable interface to how you like to trade, means that there is a big opportunity to maximize profits like no other time in Bitcoin’s history. To get started on making profits off this upcoming event, regardless of which way the market moves, sign up for PrimeXBT here.

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Gebo Group LLC and Crypto.com Announce Expanded Relationship

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Gebo Group LLC and Crypto.com are pleased to announce that they have entered into an agreement to expand their existing relationship. Gebo will continue to support Crypto.com exchange by providing even more expanded market making services. Gebo will now make markets on Crypto.com in even more tokens and asset pairs. Gebo Group has recently launched it’s defi network launch facility, Starport (starport.io) and has announced it’s launch of the Immersive Network  – an extended reality real-world entertainment destination whose financial operations are recorded on an oracle enabled blockchain.

“We have been extremely happy with our relationship with Crypto.com to date,” said Gebo co-founder James Wines. “It’s a sophisticated and fair exchange that has made many technological and efficiency advancements in the industry that we have been excited to be a part of. We look forward to even more exciting opportunities to come.”

This announcement coincides with the recent transition of trading legend Ron Pasternak from Strategic Consultant to active Head of Gebo’s market making desk.

“Gebo is doing it right. They have the technology, the expertise and imagination to be the premier liquidity provider in the crypto space.” said Mr. Pasternak.

About Crypto.com
Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, curated carefully from the worlds of art, design, entertainment, sports. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com.

About Gebo Group
Gebo Group, LLC is a US FinCEN registered Money Service Business providing deep institutional liquidity on a principal-to-principal basis. Gebo Group offers sophisticated financial products and payment solutions using state of the art compliance and enterprise grade technology.

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LCX Joins Celo Foundation as an Alliance Member

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LCX is thrilled to be the newest Alliance Member of the Celo Foundation. LCX will be working alongside leading technology providers, nonprofits, mobile wallets, payment processors, and global investment firms in creating an easily accessible, mobile-friendly ecosystem of financial tools on the Celo open blockchain platform. Since its launch in March 2020, the Celo Foundation has been tirelessly working towards empowering anyone who owns a smartphone to effortlessly access digital assets. The goal is to create an ecosystem that fosters a fairer and more inclusive financial system. LCX strongly aligns with the Celo Foundation on our mission to bridge the gap between traditional and decentralized finance with our new-age, fully compliant products and regulated services.

Celo is an open blockchain platform that makes financial tools accessible to anyone with a mobile phone. The platform enables anyone to create an ecosystem of powerful mobile applications, ranging from easier cash transfer programs to peer-to-peer lending, international remittances to digital assets and wallets. Celo’s digital currency — the Celo Dollar stablecoin — provides people all over the world with a stable, secure, inexpensive, and easy way to move money and engage in financial activities that were previously inaccessible to them.

Chuck Kimble, Partner at cLabs and Head of the Alliance for Prosperity, says, “We are excited to welcome LCX on board as our newest member. It’ll be another significant step towards growing our Alliance, which has grown to more than 135 Members. LCX.com is a key player in Europe and will help us help us on our path to create prosperity.”

“Financial inclusion is vital to sustaining a healthy economy and thriving democracy, and we are proud to be collaborating with one of the leading organizations on the front lines of this effort,” said Monty Metzger, LCX’s CEO. “We’ve been impressed by the important work being done by the Celo Foundation, empowering anyone with a mobile phone to access digital assets and blockchain powered financial services.”

About the Alliance for Prosperity
The Alliance for Prosperity is an ecosystem of organizations brought together by a common vision of fostering social impact and financial inclusion by leveraging the disruptive blockchain technology. These include nonprofits, merchants, and payment processors. The Alliance provides infrastructure and educational support to the mobile-first open blockchain platform. This will enable an increasing number of people to use digital currencies — in particular, the Celo Dollar stablecoin — in the areas that need it the most. The contributions made by each individual member will enable easy movement of digital currencies across the globe and create financial tools with use cases including emittances, humanitarian aid, payments, and microlending that’ll be accessible by all on the Celo platforms.

About LCX.com
LCX.com – Innovating Capital Markets. Solutions for compliant digital assets and security tokens. LCX is a secure and compliant platform for buying, selling, transferring, and storing digital currencies. LCX is pioneering a blockchain infrastructure bridging the gap between traditional monetary systems and the fast-moving trusted technology landscape. LCX was founded in 2018 with headquarters in Vaduz (Liechtenstein) and branches in Crypto-Valley Zug (Switzerland) and New Delhi (India).

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Circle Launches Comprehensive NFT Platform & Marketplace Payments Solution

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Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, today announced a comprehensive payments solution for non-fungible token (NFT) marketplaces and storefronts that enables them to accept credit card and crypto payments alike in order to attract more mainstream audience adoption. Circle today also unveiled forthcoming features that will be made available over the coming months, including support USDC, BTC and ETH payments, NFT custodial services, and yield-generating Circle accounts for NFT market operators.

NFT marketplaces have surged in popularity over the past 12 months, but broad-based mainstream adoption is lagging due to the complexity of payment transactions, which usually require the use of cryptocurrencies. Circle’s NFT solution simplifies buying and selling by enabling platforms to accept credit card payments alongside crypto, all with a seamless user experience. This makes NFT transactions easier by encouraging greater engagement, platform expansion and support for creators worldwide through the marriage of traditional payment rails and leading digital dollar stablecoin USD Coin (USDC).

NFTs have seen a meteoric rise in recent months – as platforms like NBA Top Shot skyrocket in popularity (Top Shot has seen a 400% increase in sales over the past 30 days) and digital art becomes mainstream (iconic auction house Christie’s recently offered the first purely digital artwork with the auction of Beeple’s Everydays for $69M). In February 2021 alone, sales volume across major NFT marketplaces grew nearly 800%, to more than $200M.

“This is not only an important and valuable trend for marketplaces and creators, it represents incredible demand from customers – for collectibles, artwork, moments, and really anything that can be tokenized on the blockchain,” said Jeremy Allaire, Circle Co-founder and CEO. “Circle looks forward to supporting the industry – creators, platforms, marketplaces, storefronts and customers – with our solution for enabling a user-friendly, mainstream payments experience with the power of crypto connectivity and USDC.”

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Tradition Meets Tech as 79-Year-Old Artist Lio Faridani Makes Entire Collection Available via NFT

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Lio Faridani, has been painting on canvas in various forms for nearly 70 of his 79-years on this planet. His works have, in fact, sold to aficionados and collectors around the world and received accolades at many an exhibition. Now the artist is proving that age is indeed a state of mind by making his entire collection available via NFTs – a promising new funding model for art and media. NF what? To put it simply, an NFT is a digital asset. It is encrypted with the artist’s signature on a digital ledger (aka the blockchain) which is at the heart of all cryptocurrencies – with probably the most recognized being bitcoin. NFTs allows buyers and sellers to verify authenticity and ownership to ensure a buyer has the original art. Maybe most notable though is that NFTs are predicted to increase the profitability of artworks for collectors and artists alike. Just look at the numbers. NFT markets have seen trading volume growth from $12 million in December to $342 million last month.

For his part, Faridani, with a little help from his son, who is CEO of an online media solutions agency, has digitally minted all of his artwork, which is now broadly available to the crypto-community – and beyond. And he has taken it one step further. Each buyer receives not only the NFT but also the physical painting, which is delivered right to their door.

“I have always embraced innovation but have also learned a thing or two about the importance of traditional methods over the past seven decades. That is why I am including the physical works as a component of my NFT sales. It is important to me that my clients have the actual original that they can touch and feel along with the NFT,” said Faridani. “I find it truly exciting that I am now combining both realms and can count myself as an early adopter of digital art sales.”

Born in 1942, Faridani is self-taught. His wide-ranging portfolio comprises various mediums from sketches to watercolors to acrylics and oils in styles ranging from abstract to realism and is especially known for his majestic over-sized pieces. His art can be found in collections around the world including Canada, Italy, Switzerland, the United States and United Kingdom.

“Modernization is making art in all its iterations more available to the general public. I fully believe that NFTs will have a monumental impact to the art world by cultivating an entirely new audience of enthusiasts,” he added.

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Blockchain Gaming Social Platform Ludena Protocol Announces NFT Roadmap Update

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Amid the recent NFT (Non-fungible token) craze in the cryptocurrency industry, blockchain game social platform, Ludena Protocol, officially announced their roadmap update to include the Ludena World Metaverse, complete with of NFT assets, on the 12th of March.

Ludena Protocol operates the DApp GameTalkTalk, which has recently surpassed 3.5 million downloads on the Google Play store. GameTalkTalk gives value to gamers’ daily activities, such as playing video games and uploading game-related content to the platform, by providing rewards in their native cryptocurrency, LDN.

Within the first half of this year, the company plans to gradually release NFT assets such as NFT wearables for users’ avatars and “My Room” NFT decorations, within the Ludena World Metaverse. “We will continue to lead the NFT market, including entering the NFT marketplace and NFT market through aggressive partnerships with global NFT partners in the future,” the foundation said.

According to the announcement, NFT assets in the Ludena ecosystem will consist of avatar wearables, “My Room” virtual space/land decoration, user-created NFTs, and Ludena World map spaces. In other words, gamers can customize their game characters or change their user profiles through their Ludena NFT assets, which are provided in the form of infinite digital decorations.

Playable game characters on Ludena Protocol’s P2P gaming platform, can be customized with costumes, special weapons, as well as a variety of other accessories, and are used in hyper-casual, multiplayer games. Users will be able to see either their purchased, won or created NFTs in the games they play.

Joshua Kim, CEO of Ludena Protocol, said, “Now that NFTs are becoming a mega trend in the blockchain market, we want to lead the global market by becoming Korea’s representative platform for the distribution of NFT assets based on actual demand.”

Meanwhile, news related to NFTs (Non-fungible tokens) is receiving noticeable attention in the industry recently. Earlier this month, Grimes, singer and partner of Tesla CEO, Elon Musk, made $6.5 M in 20 minutes by auctioning off her digital NFT paintings. In addition, the first Twitter post that Twitter co-founder Jack Dorsey posted on the auction market really showed off the NFT craze as the bidding price rose to about $2.8 M.

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Huobi Charity Receives Formal Status as a Registered Charity in Gibraltar

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Huobi Charity Limited (“Huobi Charity”), a philanthropic arm and blockchain-based charity platform of Huobi Group, today announced that it has obtained approval from the Board of Charity Commissioner for Gibraltar (“the Board”) to operate as a registered and fully regulated charitable organization. As a formally recognized charity, Huobi Charity will be able to accept fiat and digital asset contributions from different entities and conduct various philanthropic activities to help create a better future globally.

Huobi Charity was intentionally formed with a broad scope to benefit the global society through a wide variety of initiatives. The firm aims to prevent or alleviate poverty; advance education; promote health and longevity; nurture communities; advance art, culture, heritage or science; further environmental protections; and provide relief to persons in need, including those with disabilities, ill health, economic hardship, etc.

“As a global charity that’s helping shape the new digital economy, we believe it is our responsibility to ensure we’re building toward a fair and equitable future for all while also preserving the culture and values that define who we are as a society,” said Ciara Sun, Vice President of Global Markets and head of social impact initiatives at Huobi Group. “By receiving formal status as a registered charity in Gibraltar, we’ll be able to collaborate with other internationally-renowned charities and have a much bigger impact on the lives of people all across the globe.”

As a registered charity, Huobi Charity will operate in full transparency under the supervision of the Board, a regulatory body governed by the Charities Act of Gibraltar. All activities of the firm such as fundraising and donations will comply with regulatory requirements established by the Board. Huobi Charity will disclose transactions and provide the Board with regular reports on the activities of the firm, undergoing annual audits to prove the legitimacy of its funding sources. By opting to operate as a registered charity, Huobi is providing donors with full visibility into its charitable activities and fund management, further building on the trust that the Huobi brand is already known for.

Huobi Charity expands on Huobi’s existing social responsibility initiatives aimed at enriching the lives of people globally through blockchain technology and digital assets. Last year during the initial COVID-19 outbreak in Wuhan, Huobi Group committed $1.4 million USD to source and donate hundreds of thousands of medical masks, protective suits, oximeters, and other medical supplies to over 135 hospitals and community healthcare centers in affected areas. Huobi Group also donated $50,000 USD in HT to the Indonesia-China Association of Economic, Social and Cultural Cooperation for the purchase and distribution of medical supplies to Indonesian hospitals.

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MF DOOM NFT collectors to auction rare work benefitting the MF DOOM Estate

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Illust Space–an augmented reality NFT marketplace–will be hosting an MF DOOM crypto auction in collaboration with Rhymesayers, MF DOOM’s wife Jasmine and the estate. The auction, set to coincide with the launch of the Illust Space marketplace, will be listing a select group of signed, limited edition, MF DOOM augmented reality NFT’s. This latest auction will build on the success of MF DOOM’s initial launch in October 2020, when his collaboration with Illust Space made history as the first launch of an Augmented Reality NFT. Sign up for more information on the auction here: https://app.illust.space/

The auction goes live today, Thursday, March 11th at 4:00 PM PST, and will conclude on Friday, March 12th at 10:00 PM PST. As part of the sale, 10% of total proceeds will go back to MF DOOM’s estate in the form of royalties along with an individualized donation from the current holders of the masks.

  • What’s an NFT?  NFT’s or Non-Fungible Tokens are a blockchain standard that use digital contracts (smart contracts) to assign attribution rights to artwork, digital collectibles, and unique items. Each NFT can be purchased, sold, and traded like a physical object yet still retain its certification of provenance as the object changes hands.
  • Blockchain and Estate Planning: Sadly, MF DOOM passed on Oct 31st, 2020, one day following the close of the original Illust Space beta auction making this one of MF DOOM’s final collaborations. Due to blockchain’s immutable and decentralized ledger technology, all of MF DOOM’s AR NFT collection will be available for future generations of fans and collectors, creating a new model for royalties and posthumous creative control legacies.
  • The Future of Artist Royalties: NFT’s and Smart Contracts allow artists to maintain authorship, define commissions and even manage future changes for their work long after the first sale of the piece.
  • Working in conjunction with his wife Jasmine, monies generated from the sale will support the family as well as future creative projects.
  • The masks have a current estimated value between 10 to 50 eth ($15,000$75,000)

To donate to the MF DOOM fund please find his Ethereum wallet here: DOOM.eth

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NEM Launches Symbol, The Next-Generation Enterprise-Grade Blockchain Platform

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NEM Group today announces the launch of Symbol, its next-generation Proof-of-Stake+ (PoS+) Public Blockchain. Boasting enterprise-grade programmability and security, Symbol from NEM brings cutting edge technical features which can be leveraged by innovative projects building fintech, healthcare and supply chain products at the heart of the new economy. With the launch comes XYM, the native currency of the Symbol from NEM platform, used for transactions on the network.

Commenting on the launch, David Shaw, CEO of NEM Group, “We believe we are at the start of an entirely new economic and digital system that is more inclusive and accessible. Symbol is uniquely positioned at the forefront of the movement towards decentralization, digitization and tokenization. Symbol’s feature-rich platform makes it suitable for a number of industries and use cases, spanning the enterprise, financial services, regulated asset and wider blockchain spaces. NEM has a vital role to play, alongside and operating with other platforms, in creating this new value paradigm.”

Symbol from NEM is built to be interoperable; it supports public/private hybrid models, trustless cross-chain swaps and its Application Programming Interfaces (APIs) easily integrate with existing systems and processes. The atomic cross-chain swaps enable trustless data and value flow across multiple different blockchains, eliminating the need for intermediaries. It also permits the creation of specialized digital assets, going beyond tokens to represent shares of stock, signatures, votes, non-fungible tokens (NFTs) or other currencies. Each asset has configurable properties, and a unique identifier and can enforce logic-based account or asset-based restrictions at a protocol level. These features hold huge potential in the new economy movement, in particular for the Decentralized Finance (DeFi), Regulated Assets and Security Token Offering (STO) spaces, with Symbol already integrated with Propine, a regulated issuance and custody platform for Security Tokens.

With the public chain launch of Symbol, the NEM project now comprises two chains, with the 6-year old project, NEM NIS1 (V1) continuing to run in parallel with no downtime, security breaches or lost assets in its history. Symbol from NEM builds on the advanced security features of its first Proof-of-Importance (PoI) blockchain, which was the first blockchain to introduce on-chain multi-signature accounts. Expanding on this functionality, Symbol from NEM presents the first public blockchain to bring on-chain, multi-layer, multi-signature accounts. Sometimes referred to as the concept of “delegated financial authority,” this feature allows the co-signatory of a multi-signature account to be a multi-signature account with its own set of co-signers. This allows users to simplify the creation of complex signature requirements, which streamlines business processes such as payroll. With hardware wallet and offline signing support from day one, coupled with the advanced on-chain multi-signature support, it offers unrivaled Operational Security (OpSec) possibilities.

A distinct feature of Symbol from NEM is its hybrid chain architecture, which permits deployments of both public and private chain use cases, while supporting trustless data flow between Private-Private and Private-Public deployments bidirectionally. This allows developers to choose the ideal setup for their particular needs. Enterprise users can establish a permissioned ecosystem on a private chain to store confidential information, while also enabling communication with public chains or other permissioned chains. This presents a ‘best of both worlds’ solution, offering more flexibility in how businesses store and share data.

Kristy-Leigh Minehan, CTO of NEM Software, commented: “As a flexible platform, Symbol’s Application Programming Interfaces (APIs) can be seamlessly integrated by existing enterprise systems and processes, as well as other blockchains. Its multi-layer technology stack allows for trustless, peer-to-peer, multi-party asset swaps, escrows or trades. The platform has been developed with customizability as a key focus with over 120 different configuration settings, allowing for the customization of both public and private networks. Its feature sets enable the rapid development and deployment of secure solutions and expansion of features and services by development teams.”

Symbol from NEM is set to make a splash in the Central Bank Digital Currency (CBDC) space, with LBCOIN, the world’s first blockchain-based digital collector coin issued by a Central Bank, committed to NEM platforms. LBCOIN was initially issued on the NEM NIS1 public chain in July 2020, with The Bank of Lithuania issuing 4,000 LBCOIN, equivalent to 24,000 digital tokens and 4,000 physical collector coins. With the launch, LBCOIN will transfer to Symbol chains (private and public), to take advantage of the feature-rich platform.

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CryptoBigfoot NFT Crypto Art Collection Launched on OpenSea Ethereum Blockchain

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A new NFT art collection called CryptoBigfoot has been launched. The artwork is available at OpenSea which is the first and largest marketplace for user-owned digital goods. The collection captures the elusive mystery of Bigfoot in one of a kind hand-made NFT crypto art. CryptoBigfoot was created by enigmatic artist danosongs whose content is used in thousands of videos, podcasts, games and apps. Since the collection’s inception each work has sold within a few hours of listing. Many works already have bids for secondary sales. New pieces are released several times a week.

An NFT is a non-fungible token which is a type of cryptographic coin that represents a unique item. Non-fungible tokens cannot be exchanged for equal value. This is different when compared to cryptocurrencies such as Bitcoin, Ethereum and Ripple which are fungible (fixed). NFTs are unique, mostly liquid, usable and verifiably scarce across many applications. This makes them the perfect technology for issuing original digital art.

Crypto art is a kind of art related to blockchain technology. Well known collections include CryptoPunks, CryptoKitties, Hashmasks and CyberKongz. Emerging as a niche genre of artistic work following the development of blockchain networks such as Bitcoin and Ethereum in the mid to late 2010s, crypto art quickly grew in popularity in large part because of the unprecedented ability afforded by the underlying technology for purely digital artworks to be bought, sold, or collected by anyone in a decentralized manner.

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Crypto Custody Company Brane Capital Announces HEXO Co-Founder and Former COO as Interim CEO, Positioning Company for Rapid Growth

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Brane Inc., a leading cryptocurrency custody provider, announced today changes to its management team that position the company for rapid business growth. Effective immediately, Executive Chairman Adam Miron will serve as Interim Chief Executive Officer. At the same time, he will remain as Chairman of Brane’s board of directors as the company continues to scale its team through this growth phase. Miron is the founder and former Chief Operating Officer and Chief Brand Officer of HEXO Corp. and the author of the best-selling book Billion Dollar Startup.

“Thanks to an outstanding team of innovators, directors, and advisors, Brane is quickly establishing itself as the leading company providing world-class custody for our newest asset class,” said Miron. “In the weeks ahead, we will continue to build a team of highly qualified and experienced industry leaders who share that vision – giving Brane the best attributes of both a startup and a bank.”

Brane’s founder, Patrick McLaughlin, will continue to serve as Chief Innovation Officer, further establishing the company as a leading innovator in the blockchain and crypto sectors.

Christian Desjardins will continue to lead the development of Brane’s industry-leading solution as Vice President, Product.

Founded in 2017, Brane is a blockchain innovation company. Brane helps organizations understand and unlock the power of the blockchain and digital assets. Brane Vault, its digital asset custody service, is ISO 27001 certified – first in the world with cryptocurrency in scope, ISO 27017 certified, and NIST Tier 4 — the first company in Canada, in any industry, to receive such certification. Brane Vault offers advanced proprietary technology and processes with over 20 provisional patents and is fully insured against theft and crime. Brane partners with organizations big and small and continues to develop new products.

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