Connect with us

Blockchain

Owner of Montblanc, Piaget to Track Gold and Diamonds Using the Blockchain

Published

on

The owner of some of the planet’s largest manufacturers of luxury goods has announced its intentions to implement blockchain technology. Richemont are hoping to use the innovation to help customers ensure the authenticity of their products and the materials used to make them.

Richemont Plans to Track Luxury Goods and Precious Materials on the Blockchain

The company in question, Richemont, currently has ownership of multiple high-end watch manufacturers – Cartier, Vacheron Constantin, and Piaget – as well as writing apparel firm Montblanc, and men’s garment company Alfred Dunhill.

The company recently appointed Jin Keyu to their board. Keyu spoke at a ceremony earlier today. There she confirmed that the Swiss parent company of these luxury goods manufacturers planned to use blockchain in their supply chain:

“As Cartier’s parent company, we [Richemont] have recently decided to start utilising blockchain to trace the origin of diamonds, rocks and gold back to the mines or recycling factories. For all the watches we sell, we also hope to (use blockchain) to track their sources to validate their authenticity.”

Keyu is a respected economist and an associate professor at the London School of Economics. During the address she gave to the conference earlier, she also stated that she intended to accept an offer to contribute her knowledge base on macroeconomics as an adviser at the Chinese blockchain startup Ultrain.

According to a report on Money Control, Richemont’s goal is to use the technology that Bitcoin made famous to control all the “parallel markets” that the firm is involved with.

Blockchain technology has often been touted as a huge breakthrough for a number of industries. As well as the potential financial innovation of cryptocurrencies, one of the areas that existing businesses are most excited about blockchain is using the technology to track goods in the way that Richemont are hoping to do. This could help alleviate a number of issues that face the manufacturing industry at present. These include: fraud, counterfeiting, and theft.

Last week at NewsBTC, we reported on a similar scheme to that announced by Richemont today. This example was launched by the British Food Standards Agency. In an initial pilot, the government body successfully tested a blockchain-based system for tracking beef. The premise is exactly the same as that proposed by Richemont. By using an immutable ledger to track beef, it’s hoped that incidents such as the 2013 horse meat scandal that hit Europe might be avoided.

Advertisement

Blockchain

Tokens are in high demand in the jewelry market because of low competition, – Boris Smitski, СЕО Golden Cash

Published

on

Boris Smitski CEO Golden Cash

The cryptocurrency sector is growing even in an unfavorable climate. Although Bitcoin is trading nearly 50% below its all-time high reached in May, institutional investors are showing little interest in buying it and are instead looking for other opportunities.

“The cryptocurrency market is constantly changing. What is happening now is a simple story that is often repeated in this industry and fear of risks is not worth it. However, I believe that the market is a great opportunity for projects and companies involved in this sector to step back from their commitments and focus on developing new products and development strategies.” – Boris Smitski says.

The Golden Cash was originally designed to increase sales in the jewelry industry. The platform connects jewelry brands, producers and buyers to facilitate their interaction. At the same time, token holders get the opportunity to increase their investments.

Boris Smitski said that tokens will not meet any competition in the jewelry industry. This will ensure interest in the payment system and thus demand and profit. He also mentioned that tokens have evolved from utility tokens or security tokens to exchange, governance and liquidity pool tokens. It is necessary to keep in mind that tokens are volatile, just like the entire cryptocurrency market.

«If cryptocurrencies were not volatile, no one would want to deal with them and trade them. The motivation to work with this niche would disappear. It is vital for the market to remain cyclical and stay as far away from centralization or regulation as possible in accordance with what is called “civilized behavior”. The crypto market has a lot of room to grow, and volatility will be the key impetus for this division!”, – Boris Smitski assured.

Boris Smitski is an international businessman with vast experience in investment, consulting and banking. He is known for investing in gold production and mining, as well as founding an international jewelry brand Golden Cash. He was one of the first to invest in Bitcoin. He also consulted the PaPa Coin project during its launch.

Continue Reading

Blockchain

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

Published

on

234234

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.

Continue Reading

Blockchain

Understanding What Makes Revuto Tick

Published

on

Feuter

If you’ve been following Revuto since the start, you’ll have a clear idea of what we’re all about: the problem we’re solving, the solution we’re pursuing, and how this will transform the subscription economy.

Not everyone has the luxury of time served in the Revuto trenches however: some of you are new here, and this may be the first you’ve heard about us, while others may have dipped in and out over the last few weeks due to other commitments, and have to get up to speed. If so, this is the article for you: a recap of what Revuto is building, why it matters, and how you can get involved.

What Is Revuto?

Revuto is an intuitive and easily accessible active subscription management service. From a single dashboard, it enables you to manage all of your subscriptions for an array of products and services. Movies; music; grooming products; confectionery; apparel; you name it. Revuto’s mission is to save customers time, energy, and money by completely redefining the subscription management experience.

Revuto as a Service

Revuto vows to make the «Are you sure you want to unsubscribe?» line a thing of the past. We built Revuto because we recognize and empathize with the problem.

With year-on-year growth of 100%, it’s evident that subscriptions are here to stay and are destined to become an integral part of everyone’s life. Revuto’s place in this growing economy is to filter signals from noise and to provide a clean and pleasant subscription management experience.

We believe that no-one should ever be charged for subscriptions they no longer want or use, and it’s our primary goal to make that happen.

Pic2

The Problem That Revuto Solves

Understanding human psychology, businesses leverage these biases in consumer behavior to increase their revenues by intentionally making unsubscribing difficult. As a result, users easily forget about ongoing subscription charges, find the unsubscribing process tricky to navigate, or fall victim to services that charge their cards indefinitely without notification.

We believe there is a clear product-market fit for a service protecting consumers from the many unwanted consequences of subscriptions.

How We Came to That Solution

We want to create a subscription management solution with immediate real-world applications. Rather than catering to a niche audience of existing crypto users, we seek to bring crypto to the mainstream.

Our goal is to maximize the value of ongoing subscriptions by simplifying the payments process and protecting customers from hidden fees and subscription charges for services they no longer use.

Revuto’s main deliverable is a decentralized mobile application — a single-dashboard subscription management solution that helps users control their recurring subscription-related expenses.

Everyone Should Use Revuto Because…

With the Revuto app, you save money by ApprovingBlocking, or Snoozing subscription charges or any other recurring payments as they occur.

Managing a dozen subscriptions shouldn’t become a part-time job, and there’s absolutely no reason unsubscribing should take more than a single click.

pic3

The Revuto App

The Revuto App packs a host of powerful features and functions including:

  • Adding subscriptions
  • Issuing Revuto Virtual Debit Cards
  • Controlling subscriptions (Block, Snooze, Approve)
  • Topping up the Revuto Virtual Debit Card(s) with personal debit/credit cards
  • Topping up the Revuto Virtual Debit Card(s) with REVU tokens
  • Sending and receiving REVU tokens in REVU wallet
  • Spending analytics
  • Notifications/alerts

pic4

Successful Token Sale

A lot of late nights, early mornings, and crammed weekends have gone into the creation of this project. But none of it would have been possible without the faith and support of our communityThey’ve carried us this far and made everything that’s still to come on the Revuto roadmap possible.

Despite market disruption, we sold every last REVU token reserved for the Token Sale in record time:

  • Early Bird Tier 1: Under 30 minutes
  • Early Bird Tier 2: 18 minutes
  • Community Sale: 42 minutes

With the help of our community, we raised $10 million in four days and received 1.7m sign-ups in three weeks.

pic5

Why Crypto?

At Revuto, we believe that crypto is the future of finance, while our interests neatly align with the cypherpunk ethos. Blockchain-based digital assets are designed for transparency and ease of access and provide users with complete control over their funds. This is exactly what Revuto is trying to achieve with subscriptions.

The Cardano blockchain on which our payment rails run is the engine facilitating this, while the Revuto app is the wrapper that places financial freedom in the hands of everyday consumers. Whether you’re a crypto native, crypto newb, no-coiner, cypherpunk, early adopter, tech-head or tech-phobe, Revuto was made for you.

Crypto and its underlying technology makes this all possible, but it is the people — the Revuto team, community, and early supporters — who are turning this capability into reality.

To join us on this journey, follow our social channels below and sign up here for early access to the Revuto app.

pic6

In case you missed:

Previous Medium article — Introducing a Community-Powered Framework for Decentralizing Revuto

NFT landing page — See our video

How to easily cancel subscription service — Deezer

Our co-founder Jos on Cardano360 — Tune in at 38:20

Our Token Generation Event (TGE) aka REVU Token birthday — See the event

Registered REVU investors by countries — See all countries

Cardano live podcast with our co-founder Jos — Listen to the podcast

Our first teambuilding — See our TB video

To catch up with everything, please FOLLOW OUR channels

YouTube — Take a look at our Demo

Website — Visit Site

Whitepaper — Read Whitepaper

Telegram Announcements — Join Channel

Telegram Discussion Group — Join Group

Twitter — View Twitter Account

Reddit — View Reddit Account

Discord — View Discord Account

Youtube — See Cardano 360 Roadshow

Facebook — View Facebook Account

Instagram — View Instagram Profile

LinkedIn — View LinkedIn Profile

Youtube — See Official Channel

If you have any questions feel free to ask our admins in the Telegram group

Continue Reading

Blockchain

Huobi Charity Receives Formal Status as a Registered Charity in Gibraltar

Published

on

Huobi Group

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.

Continue Reading

Blockchain

Fuse Network Launches Fuse Cash, a Stable Coin Wallet for the Masses Featuring In-App Decentralized Exchange

Published

on

Fuse Cash

Leading, payments-focussed blockchain player Fuse Network has announced the public launch of its consumer-facing mobile wallet Fuse Cash. The intuitive, blockchain-native wallet allows anyone to create an account using a phone number. Users are then able to load money into their digital wallet via credit card or bank transfer. Deposits are converted into FuseDollar (fUSD), a USD-pegged stable coin that is fully-backed by USD Coin (USDC).

In App Crypto Swaps.

As well as being able to send money to anyone, anywhere in the world 24/7/365 with zero fees, users are also able to trade their FuseDollar for other digital assets thanks to a unique, in-app swapping function.

Assets available for swapping within the app include Fuse (FUSE), Ethereum (ETH), Bitcoin (BTC), The Graph (GRT), Kyber Network Crystal (KNC), Chainlink (LINK) & GoodDollar (G$). More assets will be added with user demand and in collaboration with token projects that partner with the Fuse ecosystem.

5% APR on FuseDollar (fUSD) holdings.

The combination of feeless payments, easy to use bank to wallet deposits and in-app crypto swaps makes Fuse Cash one of the most innovative gateways for ordinary people to access decentralized finance (DeFi). Adding to this ease of use, users will soon also be eligible to earn 5% APR simply by holding FuseDollar in their Fuse Cash wallet.

In order to supercharge Fuse Cash adoption, credit card and bank transfer depositing fees have been waived for a limited time.

About Fuse

Fuse Network is a project and ecosystem featuring a fast and low-cost Ethereum-compatible blockchain and a robust plug-and-play mobile-centric crypto payment infrastructure.

Fuse Cash is available for download on both Android and iOS.

Continue Reading

Blockchain

BlackDragon Becoming The New Top Altcoin?

Published

on

BlackDragon

BlackDragon, the early-stage crypto investing fundraising group, has launched its new decentralized blockchain-native Platform this (Sunday, the 9th of May 2021).

This milestone will make investing both more convenient and simpler for those seeking the highest returns for their capital. With over 1,000 community members and an average ROI of 40x in 2020, BlackDragon has enabled everyday investors to see returns previously only reserved for those with privileged access, extensive crypto networks, and the ability to put in countless hours of dedicated research.

Our newly developed platform is a crypto investors’ one-stop-shop where investors can take comfort knowing that the experienced BlackDragon team has vetted projects and conducted the appropriate due diligence.

The cohesive and beautifully designed app compiles the various projects with the key fundraising data associated with each and provides links to research, key socials, and ROI on previous projects. All the user has to do is bridge their tokens, lock them up to calculate their pro-rata percentage amount, and decide which projects they would like to invest in. Then, with the push of a button, their capital is allocated to prime early-stage projects of their choice.

Apart from sleek UX/UI design, which allows users to easily navigate and search through deals, the app’s biggest innovation is that it runs on the xDAI network, making transactions cheaper, faster, and more efficient. The mechanism allows xDAI tokens to be bridged to and from the ETH blockchain.

And this is where the BlackDragon Token comes into play. The BlackDragon Token (BDT) is an integral part of the BlackDragon investing ecosystem, as it grants access to the platform itself and is used for calculating investment allocations. The way it works is this – if you want a higher project allocation, you need to lock more xBDT.

It is important to note that xBDT tokens can be locked by users via integrated smart contracts, meaning each user gets to decide how many tokens they want to lock/unlock for a certain period. Subsequently, the tokens are locked for 6 months, stimulating stable price appreciation.

BlackDragon currently offers access to their investing services based on the following levels:

Level 0

White Dragon

250+ BD Tokens

Access to 60% of deals

Level 1

Green Dragon

1,000+ BD Tokens

Access to 90% of deals

Level 2

Yellow Dragon

5,000+ BD Tokens

Access to 95% of deals

Level 3

Black Dragon

10,000+ BD Tokens

Access to 100% of deals

If you’re considering getting into crypto investing, but have no idea where to start, or if you’re a seasoned trader and want to save time on research and gain exclusive access to preliminary deals while enjoying a premium UX/UI experience, then BlackDragon is your gateway to convenient and successful crypto gains.

Continue Reading

Blockchain

Tokenist Expands IG Partnership to Include Nadex, Amplifying U.S. Derivatives Coverage

Published

on

SEC

The Tokenist, a dynamic fintech and blockchain gateway into the world of finance, has added another entity to its growing list of partnerships: Nadex. Standing for North American Derivatives Exchange, Nadex is formerly known as Hedge Street. Following the Tokenist’s strategic milestone with IG US, partnering with Nadex is the logical next step as this CFTC-compliant exchange is owned by London’s IG Group.

While IG Group represents the world’s top forex ecosystem, Nadex is all about high-frequency options trading in stock indices, forex pairs, and commodities. Furthermore, Nadex holds special importance for US day traders as it constitutes one of the very few US-based exchanges to offer the more exotic binary options trading.

Such exclusive regulatory status makes Nadex a valuable partner to the Tokenist. First and foremost, the millennial-oriented knowledge portal serves as a guide that illuminates the tools, investment strategies, and ways to make smarter financial decisions. Simultaneously, the Tokenist aims to ensure all risks are properly explored and understood.

Tim Fries, the co-founder of the Tokenist, further explained what the partnership with Nadex means for Tokenist readers:

“The impressive regulatory approval and unique investment offering make Nadex incomparable—especially for US-based investors. We look forward to working with Nadex to provide well-rounded, insightful, and exclusive material to our readership.”

Trusted by NewsGuard with a perfect score, The Tokenist continues to serve as a beacon of illumination amid chaotic economic currents and record-low media trust. To that end, the education and news portal aims to provide its expanding readership with practical tools while contextualizing market trends and innovative technologies.

About Nadex

Now streamlined via mobile NadexGo app, the Chicago-based exchange was founded in 2009 to provide investors with knock-out and call spread contracts, and short-term binary options. Nadex is registered with the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market and Derivatives Clearing Organization. Accounting for over 125,000 active traders, Nadex is headed by Ian Peacock.

About The Tokenist

The Tokenist seeks to provide factual and practical toolsets to make heads or tails of the convoluted financial system. To further seize emerging financial opportunities, the Tokenist tracks revolutionary blockchain-derived ecosystems and the many ways they interface with traditional finance.

Continue Reading

Blockchain

Mining, Crypto and industry Best practices

Published

on

real_c891e758-1c0c-44c9-87e0-04fa588c6262

Cryptocurrencies mining has been a business practice for a decade now, thousands if not millions made a fortune, the evolution of industry shaped various consensus algorithms, thus, finding the right cryptocurrency to mine can be a lot more complex than people assume.

Knowing pros and consin the industry could significantly increase ROI in decision making, let’s dive deep into the alternatives that exist today and promising projects that are disrupting the industry.

Traditional Mining Remains Expensive

Cryptocurrency mining doesn’t only apply to top assets, but much more than that. Being involved in mining Bitcoin, Ethereum, Litecoin, or other assets can prove very expensive. Acquiring the necessary hardware to begin the mining operation often requires a steep upfront investment, furthermore, nothing can be worse than Making the maintenance fees related to traditional mining.

Electricity is the core in mining cryptocurrencies. The Proof-of-Work algorithm employed by Bitcoin, Ethereum, and others requires significant mining capacity over time.

Powering those machines means using more electricity, a concept that has gotten plenty of scrutiny lately. Even Elon Musk criticizes the Bitcoin network for its severe impact on the environment, even if most Bitcoin mining electricity comes from renewable sources.

Yes, it can be expensive, competitive, risky, and yet, the mining concept goes well beyond Proof-of-Work these days, creating new and exciting opportunities for onlookers and enthusiasts. It is crucial to compare the different options on the table and figure out which approach will work best.

The Traditional Mining Route

For those users who want to opt for a more traditional option and mine cryptocurrencies with their graphics card (GPU), there are several options to explore. It all comes down to finding a GPU capable of ming at competitive speeds and finding the right network to maximize profits. That latter option can be a bit tricky, though, although there are noteworthy options that might surprise a few people.

As things stand, the most profitable currency to mine with a GPU is Ravencoin. That may be a bit surprising, although the X16 algorithm is quite user-friendly and approachable by anyone with a recent graphics card. Rewards usually depend heavily on the RVN price, yet the currency has a 5,000 RVN block reward. Depending on how much one pays for electricity, it is relatively straightforward to earn a few dollars per day by mining this altcoin.

real_72febb4b-ba82-4ef0-8d2d-40e167d3a890

Another favorable option is mining Ethereum. Although there is a lot of network competition, it remains one of the more popular crypto assets on the market today. Moreover, with the upcoming switch to proof-of-stake, people expect the value of ETH to go up in the coming months.  There is no guarantee of that happening, however, but exploring the different opportunities can prove worthwhile. It is unclear when the switch from proof-of-work to proof-of-stake will occur, however. Ensuring a return on investment for people who begin to mine Ethereum today might be impossible, depending on the developers’ timeline.

For those who want to get in on the GPU mining action, finding the right card is of the utmost importance. Per WhatToMine, the most lucrative card is the NVIDIA GeForce RTX 3090, with a maximum profit of $7.23 per day. Finding such a card at average prices is currently impossible, however. The AMD Raden VII is still competitive, despite being launched in 2017.  No one should expect to get rich overnight from cryptocurrency mining, however. The costs will not always outweigh the earnings.

Exploring Alternative Options

Rather than opting for GPU mining or buying special hardware to mine Bitcoin, there are other options to explore. One currency, named Crypton, provides a solution that involves the Utopia Mining Bot. Contrary to what one might think, this Bot does not participate in cryptocurrency trading, Instead, it supports the network by operating a node to collect rewards. It provides a different spin on the traditional mining concept while still incentivizing users. More importantly, the network prevents selfish mining.

For those looking to maximize their mining returns, the only requirement is running the Mining Bot 24/7. Nodes are tasked with providing RAM, packet routing, and generating “bogus” packets to cover up real data packets. All transactions occurring over the Utopia network via Crypto are confidential and untraceable. To provide that functionality, nodes are essential, making them eligible for a reward. As users provide resources in exchange for these rewards, one can make a point they are “mining” rewards, even if it doesn’t involve regular mining software or hardware.

The best way to keep the node running continuously is by running a Virtual power Server, or VPS. Installing the Utopia Mining Bit on a VPN should give node owners the best chance at maximizing their returns and profit. Using other hardware, such as a computer or smartphone will not guarantee 100% uptime on the node. Thus opting for a different approach that requires less maintenance and upkeep can prove beneficial.

It is worth noting that the Utopia Mining Bot is not a feature one can enable in the native application. It is an entirely separate application that users can download manually. Opting for this approach makes the engagement in Crypton mining a conscious and deliberate one, further empowering users who want to be part of this ecosystem.

Conclusion

The concept of mining cryptocurrencies comes in many different forms. Some people prefer the traditional option of buying a GPU or dedicated mining unit to compete for a share of the block rewards. Others will try their hand at something more accessible that requires far less expertise and hassle while still providing acceptable results.

There is no right or wrong approach when it comes to cryptocurrency mining. The approach by utopia is different from what people might be used to today, but running a node, providing rewards, and using resources – hardware and bandwidth – to empower a network can be considered “mining”, even if it isn’t in the traditional sense. Thinking outside of the box is never a bad idea, especially if it can make cryptocurrency more appealing and accessible.

Continue Reading

Blockchain

Auto1 FinTech issues attractive blockchain security worth over 4 million euros with iVE.ONE

Published

on

BitMEX

The fintech company Auto1 FT is issuing digital securities with a total value of up to four million euros in an effort to accelerate digital innovations. This is the first security token offering (STO) in the German automotive sector. With this bond, Auto1 FT seeks to offer professional investors an attractive investment opportunity in this highly scalable mobility sector. As to the conditions, the fintech promises a short maturity of just one year and an attractive interest rate of 5.5 per cent, in the case of quarterly interest payments. With the blockchain-based security token approach, Auto1 FT is also achieving a very high level of security for payouts alongside low fees and fast transaction processing. “With the new tokenisation financing, we are taking another big step that is generating great interest in the market,” says Managing Director Taimur Andre Rashid.

Auto1 FT has developed a product that supports car dealers by providing flexible and rapid liquidity. The supplier finances the purchase price of vehicles until their resale to the end consumer. The entire process is mapped out in digital form. The technological basis is a web platform that brings a high degree of automation to the financing processes. Investors benefit from several risk-reducing measures that are part of Auto1 FT’s business model – including detailed dealer scoring, risk pooling and depositing the vehicles as collateral.

Numerous car dealers in several European countries have already joined the ranks of Auto1 FT’s customers. The innovative start-up is looking to gradually add further technologies and products to its complete, fully digital and secure end-to-end process of loan financing. “We’re set to become the Würth of the digital mobility industry. We’re hoping to offer our service on a worldwide basis soon,” says Rashid about his goals, adding, “With the security token offering, we provide investors the opportunity to participate in the upcoming growth of our fintech.” The market potential appears to be enormous. Rashid expects to achieve sales of 60 to 80 million euros in 2021. The scalability of the Auto1 FT systems provides a very sound foundation for this.

The issue of the digital bonds will be executed by iVE.ONE. This involves a market-leading regulated issuance and investment platform carried out by the Frankfurt-based fintech Agora Innovation. iVE.ONE permits global trading of digitised securities within the legal framework on the blockchain. Capital markets regulatory support is provided by Dr. Markus Kaulartz of CMS Law, one of the leading law firms in the field of tokenisation. Distribution will be handled by the securities trading bank Renell Bank, an experienced partner of iVE.ONE.

“We are excited about working with Auto1 FT, an innovation pioneer in the auto trading industry, to provide the digital infrastructure for the issuance of their first digital security in auto trading,” says Phong Dao, CEO and Co-Founder of Agora Innovation.

The trend towards digital assets remains strong and continues to capture more and more sectors in the financial world. “We have conducted several cryptosecurities issuances in 2020 and have noticed that the market is maturing in areas ranging from regulation to technical infrastructure. With our platform iVE.ONE, we see ourselves as leaders in this segment,” Phong Dao added.

Continue Reading

Blockchain

Akash Network’s Akash Token (AKT) is Listed on Bittrex Global

Published

on

Akash Token

Akash Network, the world’s first open-source and decentralized cloud (DeCloud), today announced Akash Token (AKT) has been listed on Bittrex Global, a top-ranked global exchange by CoinMarketCap, and is now available to buy, sell, and trade on the platform. Powering high-growth industries including blockchain and machine learning, AKT is Akash’s native utility token and is used as the primary means to govern and secure the blockchain, and provide a default mechanism to store and exchange value. Currently, AKT has ~48% APR staking rewards and ~83% bonding rate.

“After the recent launch of DeCloud, we’re continuing to support our accelerating growth and increasing global demand for access to AKT,” said Greg Osuri, CEO of Akash Network. “Listing on Bittrex Global, a top globally renowned exchange, progresses our goal of expanding access to AKT to people around the world.”

Key dates and information for the Bittrex Global listing include:

●       Deposits open: Monday, May 24th, 2021 10 AM PDT
●       Trading starts: Tuesday, May 25th, 2021 8:30 AM PDT
●       Trading pairs: BTC and USDT

Bittrex Global is the sixth listing for AKT since its Initial Exchange Offering (IEO) in October of 2020, and is also available on AscendEX (Bitmax)DigiFinexGate.io, and BitMart.

“With its extraordinary growth over the last six months, we’re excited to welcome AKT to our platform,” said Stephen Stonberg, CEO of Bittrex Global. “As the most trusted crypto exchange platform known for secure trading and digital wallet infrastructures, we’re proud to partner with Akash Network to make AKT available to our global community of traders.”

For media inquiries, please contact Kelsey Ruiz at (916) 412-8709 or kelsey(at)akash(dot)network.

About Akash Network:
Akash Network, the world’s first decentralized and open-source cloud, accelerates deployment, scale, efficiency and price performance for high-growth industries like blockchain and machine learning/AI. Known as the “Airbnb for Cloud Compute”, Akash Network provides a fast, efficient and low-cost application deployment solution. Developers leveraging Akash Network can access cloud computing at up to three times less than the cost of centralized cloud providers like Amazon Web Services, Google Cloud and Microsoft Azure. Utilizing containerization and open-source technology, Akash Network leverages 85% of underutilized cloud capacity in 8.4 million global data centers, enabling anyone to buy and sell cloud computing. For more information visit: https://akash.network/.

About Bittrex Global:
Bittrex Global has one of the most secure trading platforms and digital wallet infrastructures in the world where customers can access exciting new products. Built on Bittrex’s cutting-edge technology, Bittrex Global provides a high-level experience for professional and novice customers alike.

Continue Reading

Trending