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Bitcoin finally makes its debut in Guinness World Records

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(Kitco News) – The world of cryptocurrencies has now been recognized by Guinness World Records (GWR), which added Bitcoin to its new “Cryptomania” category, recognizing the top crypto as the first decentralized currency. 


GWR has been cataloging record-breaking feats and achievements since 1955, and 2022 marked the first time that developments in the crypto sector have made their way into the record books. Their induction follows several years of a more prominent public profile for the crypto industry, which saw new record high prices in 2021. 


Several other notable blockchain achievements have also been added, including crypto adoption, fan tokens and nonfungible tokens (NFTs).


Along with being recognized as the first decentralized currency, Bitcoin was also acknowledged as the most valuable cryptocurrency due to its market cap of $816.69 billion, which was recorded on March 24, 2022.


“Bitcoin was developed as a solution to the challenge of regulating a digital currency without any centralized organization, or ‘trusted third party’, to oversee transactions,” its description page reads, noting that previous attempts to create such a currency “still required a trusted third party (acting like a bank) to make sure that people didn’t ‘double spend’.


GWR acknowledged Satoshi Nakamoto as the pseudonymous creator of Bitcoin and traced the digital currency’s origins to the “Cypherpunks” online community, a collective that brought together cryptography enthusiasts, libertarians and software developers, including Satoshi Nakamoto. 


“A working implementation of the concept was completed by 3 January 2009, when Nakamoto mined the first block on the blockchain, and the open-source client was released to the public on 9 January 2009.”


The nonfungible token (NFT) project CryptoPunks was also acknowledged by GWR for being the most  “expensive NFT collectible” after CryptoPunk #5822 was purchased for $23.7 million, or 8,000 Ether on Feb. 12 this year by entrepreneur Deepak Thapliya.


Fan tokens also debuted as a category in the book, with Manchester City’s token recorded as the  “most valuable fan token” with a market cap of $47.1 million as of March 24, 2022.


El Salvador was also recognized for being the “first country to adopt Bitcoin as legal tender” in June last year.




This latest development marks an increasing trend of public acknowledgment of advancements in the cryptocurrency sector. 


Last week, the top global crypto exchange Binance announced that it had broken a Guinness World Record after it was recognized for conducting the largest crypto lesson to date, with 289 people in attendance at Blockchain Land Nuevo León on Oct. 7. 


And in early September, Merriam-Webster dictionary added the words “altcoin” and “metaverse” to its reference pages. “Bitcoin” was previously added in 2016, while “cryptocurrency,” “initial coin offering” and “blockchain” we included in 2018.


Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.


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Airdrops Vs Icos: Differences Explained

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By CNBCTV18.com  IST (Published)

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Let’s learn more about ICOs and airdrops and how they differ from one another.

The crypto industry is expanding at a dizzying rate. Sometimes, it seems like there is a new crypto project launched every day. However, one thing that all projects, new and old, have in common is the need to raise funds and build awareness.

This is where initial coin offerings (ICOs) and airdrops come into the picture. While both these activities are helpful for a project in several ways, they are very different concepts. Let’s learn more about ICOs and airdrops and how they differ from one another.

What is an Airdrop

An airdrop is an event wherein a new or existing crypto project distributes its tokens to candidates who meet some pre-decided requirements. It is a marketing strategy in which small amounts of cryptocurrency are sent to a wallet address for free or in exchange for doing particular tasks.

What is an ICO

An Initial Coin Offering (ICO) is similar to an Initial Public Offering of stocks. Companies use ICOs to raise funds for developing and launching a crypto/web3 project. Investors buy the project tokens at lower rates, hoping they will appreciate over time.

Differences between Airdrop and ICO

Motive:

Airdrops are primarily a marketing strategy used by startups and new crypto projects. The main motive of airdrops is to raise awareness and promote a cryptocurrency project. Airdrops encourage people and investors to engage with the project and its social media channels. It can also be deployed to reward existing investors and token holders.

On the other hand, ICOs raise funds to support the development and launch of cryptocurrency projects. The main motive of an ICO is to invite investors and raise funds for the cryptocurrency project that will be launched. Since not all startups and projects have enough wealth at inception, ICOs are a helpful way to get things off the ground.

Method:

The process of an airdrop begins by deciding the goals and objectives that need to be achieved. Once the objective is decided, the developers need to raise awareness about the airdrop. This usually means telling people what they need to do to become eligible for the airdrop and what they stand to receive in return.

After this, developers need to collect information about the eligible users. This entails the collection of wallet addresses, email ids, or a snapshot of the user’s wallet balance. Once the required data is collected, the tokens are distributed from a treasury wallet.

When an ICO is conducted, the company must first decide the coin’s structure, as this determines the price and supply of the token. Along with the coin’s structure, the company must release the project’s ‘whitepaper’.

This document outlines the project’s aim, what the token will be used for and what it will achieve. It also discloses the number of tokens distributed to the public and the amount remaining with the founders. These details help investors ascertain the project’s scope and whether or not they should invest in the ICO.

Eligibility:

For a user to be eligible for an airdrop, there are specific criteria that the company can decide upon. Tokens can be airdropped to users who have taken part in a certain activity, like retweeting or posting something on Instagram.

This is a great way for the company to promote the project and create a buzz on social media. At times, only the investors that already hold a certain number of tokens are eligible for the airdrop. The company can also randomly select users through a raffle system.

The good thing about an ICO is that there is no entry barrier. An investor can participate in the ICO as long as they have the necessary funds. ICOs aren’t as popular now because investors have been subject to many scams. Therefore, researching the ICO, the company, and the people behind it is crucial before investing your money.

Conclusion

ICOs and Airdrops are both helpful in their own ways, and developers can use them to support the project at different stages of the token’s lifecycle. Airdrops and ICOs can also be a good way for investors to make returns. However, since ICOs involve putting your money on the line, a deep dive into the legitimacy and scope of the project is a must.


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The world of crypto: ICO to DAO to POS, a quick guide to some key crypto terms

It’s no mystery that the world of cryptocurrency can be an intimidating one for anyone new to it. With so many unknown terms floating around, it’s easy to feel like you need an insider to understand what’s going on. Thankfully, we’ve got you covered. If you are reading this, chances are you have already heard of Bitcoin (and maybe Ethereum too). But beyond these two there is a whole world of other digital currencies — called altcoins or tokens — that are now available for online investors. And while newbies might find the terminology as confusing as trying to speak in Elvish, there is no reason why you shouldn’t dive in and learn about the world of “crypto” — whether it be investing or mining or simply knowing how this whole phenomenon works.

Today, we will explain commonly used terms and phrases related to the topic of crypto assets and blockchain technology.

ICO and airdrops

Initial Coin Offering (ICO) is a way for startups to bootstrap their crypto business by issuing crypto tokens to the public.  EOS (Electro-Optical System), which has become one of the most popular blockchain protocols, began life as a project with a massive ICO (Initial Coin Offering), raising a whopping $4 billion. ICOs are used by blockchain startups to fund the creation and launch of their product. They do this by selling their own digital tokens to investors looking to make a profit in the future. Investors are typically rewarded with higher returns if the token’s value rises as more people use it.

Airdrop: A free giveaway of tokens by a company to promote their business or to bootstrap their token economy by distributing tokens to existing crypto users.

FUD and FOMO

The crypto market is often a site for emotions of all sorts: greed, hope, confusion, and doubt. Whether you’re an investor or a trader, it’s important to identify these emotions and to try and keep them in check. FUD means Fear, uncertainty and doubt. It refers to spreading false information to create doubt in investors’ minds, causing them to sell their tokens which in turn depresses the price of the token in question. This is one of the most common ways for scammers to profit from crypto.

FOMO is Fear of missing out. This refers to the “gotta catch ‘em all” mentality that is driving people to invest in every promising token they hear about.

Hodl and shilling

Both hodl and shilling are used as verbs in the crypto world. hodl is a misspelling of “hold” and is used to refer to keeping your investment despite the dips and bumps. HODL was first used in a Bitcoin forum in 2013 where one investor said: “I AM HODLING.” Ever since then, it became the battle cry of people who refused to give up on their investment and ride out the storm. Shilling is the paid promotion of a product or service, usually on social media. In crypto, shilling is usually done by scammers trying to drive up the price of a low-quality token by spreading fake news about its future.

DAO and NFT

A Decentralised Autonomous Organisation (DAO) is an organisation run through a smart contract on the blockchain. The idea was to create a venture-capital fund that would not be run by a central person but by a code that would be open-source, transparent, and rely on democratic voting. However, the first DAO turned out to be a disaster because it had a coding error that allowed someone to steal $50 million. NFTs are non-fungible tokens that are unique, such as tickets to a football game or a museum. They are used for rare items where you cannot create multiple copies, such as one-of-a-kind artwork. NFTs can be used for anything that has rarity.

POW and POS

A blockchain network is a ledger of all transactions that have ever been made between network members through their computers. It is accessible to anyone who uses the network. To ensure that everyone follows the rules and that transactions are secure, computers on the network must agree on what transactions have taken place and order them in a chronological way. This is called “mining”.  Proof-of-work (PoW) is the most commonly used consensus mechanism in the blockchain. The computers on the network compete to solve a mathematical puzzle. The first computer to solve the puzzle and verify the transaction receives a reward in the form of tokens.

Proof-of-Stake (PoS): With this method, the network members have to lock up their tokens in order to get the right to verify transactions and receive a reward. The more tokens they lock up, the more they can verify. This method removes the need for computers to solve complex mathematical puzzles in order to secure the network.

Altcoin

Altcoin literally means another coin. You may have heard people refer to Bitcoin as the “king” of cryptocurrencies. And it’s true: It was the first digital currency, and it’s still the most popular one. But it’s hardly the only one — in fact, it’s far from it. The fact is that since Bitcoin was first released in 2009, more than 3,500 other coins and tokens have been created. Many of these “altcoins” are based on alternative blockchain technology, one that isn’t based on the same powerful computer systems that Bitcoin uses.

Decentralised Apps (DApps)

A decentralised application runs on a network of computers that aren’t controlled by a single authority. It’s a way to design software that isn’t controlled by a single company or person. It has become possible thanks to the rise of blockchain technology, which enables a system to run autonomously, with no central controlling source. The most prominent example is a cryptocurrency, which is run through a blockchain-based network that is largely decentralised. There is no single controlling source that regulates the network, and it is open source.




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MetaBlaze Founding Team Performs KYC With Certik: Brings

DOVER, Del., July 28, 2022 (GLOBE NEWSWIRE) — Due to the trustless nature of decentralized finance, it’s easy for developers to “hide in the shadows.” People who’ve been around in crypto have probably heard too many stories about horrendous hacks, rug pulls, and phishing scams. Sadly, these controversies are holding many people back from exploring all of the positive features Web3 has to offer.

Many of these transparency issues plaguing the crypto industry have hindered the growth in the GameFi sector. Although blockchain-based gaming is gaining momentum, it won’t reach mainstream adoption until more people feel comfortable placing trust in the development team. 

The new Web3 Company, MetaBlaze, is keenly aware of the importance transparency and integrity plays in creating a safe & successful blockchain company. MetaBlaze is developing a diverse ecosystem intended to unite gamers and non-gamers into one, unified ecosystem. The team behind MetaBlaze wants gamers and investors alike, to know who’s behind this project.

From day one, everyone involved in MetaBlaze agreed to voluntarily dox themselves on the MetaBlaze Token website and share their professional profiles. Not only that, MetaBlaze worked with the world’s leading blockchain security company, CertiK, to conduct a rigorous KYC process (Know-Your-Customer) and Smart Contract Audit of the MetaBlaze Token, built on Binance Smart Chain. 

Anyone interested in reviewing the MetaBlaze team and its smart contract audit can easily find CertiK verified documents on MetaBlaze’s website. Here, you’ll also find access to links related to MetaBlaze’s leaders. Instead of hiding behind made-up names and animated pfp NFTs, MetaBlaze posts legit professional online profiles, with a hint of Metaverse.  

MetaBlaze’s transparency also extends to its roadmap and tokenomics strategy. Indeed, you can find the full white paper for the MetaBlaze project plus a detailed list of quarterly goals on MetaBlaze’s website. 

To add further credibility to the MetaBlaze project, the development team has worked with dozens of high-profile media outlets to reach out to the community. People can now find posts on MetaBlaze on many respected local and national news sites like Yahoo! Finance, MarketWatch and Crypto Slate.

MetaBlaze has gone above and beyond engaging with its community through Twitter, Instagram, Facebook, and Telegram. No matter what online platform people most enjoy using, there should be a way to get in touch with MetaBlaze team members.

When people know a Web3 project has a solid and transparent team, it will positively impact the community’s long-term strength. Indeed, MetaBlaze’s transparency may help explain why investors are confident enough to spend $2.7 million during the ongoing MBLZ token presale. 

While MetaBlaze is in its final ICO round, this presents a final opportunity to acquire MetaBlaze Tokens before listing on cryptocurrency exchanges in the next two months. $MBLZ purchases in the presale will enjoy a reduced transaction fee plus a 5 percent bonus in tokens. By contrast, those who don’t buy MBLZ will have to pay fees to use the decentralized exchange PancakeSwap. 

Please visit MetaBlazeToken.com for more information on how you could take part in the presale, or you can register here.

Media Contact: 
Michelle German
info@metablazetoken.com

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Image 1: MetaBlaze

This content was issued through the press release distribution service at Newswire.com.


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5 Best Crypto Presales and ICOs to Invest in 2022

Blockchain is home to numerous cryptos, and more are added all the time. But only a few projects provide benefits and solve real-world problems. A coin has to have utility for it to be deemed valuable, so we wanted to find the best initial coin offerings (ICOs).

Let’s take a look at some of the best ICOs to invest in 2022.

The Top 5 Best Crypto Presales and ICOs to Invest in 2022

Of all the coins that have recently had ICOs, we found the 5 best crypto presales and ICOs to invest in 2022.

  1. Battle InfinityOverall Best Crypto Presale
  2. Lucky BlockPopular Competition Platform
  3. Baby ApeCoin –Top-Rated NFT Platform
  4. EstateX –Real Estate Platform Offering Rewards
  5. Sleep Care –Platform Enabling Players to Earn While Sleeping

A Closer Look at the 5 Best Crypto Presales and ICOs to Invest in Right Now

After identifying the best crypto presales, we wanted to take a closer look at each to determine what makes them stand out from the rest.

1. Battle Infinity – Overall Best Crypto Presale

The best presale crypto that’s come out recently is Battle Infinity. One of the things that makes it so special is that it offers players a chance to earn while they play games. Players can access Battle Market, Battle Swap, IBAT Premier League, Battle Arena, Battle Stake and Battle Games.

To reap the benefits of this platform, players need to buy the IBAT coin. That’s the platform’s native token, and it’s what players need to transact and receive rewards. They can buy it on Battle Swap, the game’s decentralized exchange. After they’ve earned rewards, players can redeem them for other currencies.

Players have several options for playing the game. They can start in the Battle Arena by putting on their virtual reality headsets and meeting other players in real-time in this fantasy sports game, which is based in Metaverse land. The cool thing about entering the Battle Arena is that players do it with the unique avatars that they’ve dressed with NFTs obtained from Battle Market.

Battle Infinity wanted to attach value to characters and assets by tokenizing them as NFTs. Another area that players can enter is the IBAT Premier League. But players need NFT passes to enter leagues and matches. It’s in the IBAT Premier league that players add to their teams by picking out real-life players to stand a higher chance of winning.

The platform enables players to earn by monetizing their land, and they can also spend IBAT on advertising billboards in the game. The good news is that half of IBAT transaction fees enter a global staking pool, which rewards players with IBATs if they’ve been loyal to the game by being active.

Another way players earn is by staking their coins. Battle Infinity allows players to compete for the highest interest, and players can choose from three different staking methods: solo, duo and crates.

The time to buy the Battle Infinity token is now. That’s because it’s on presale and has been since 11 July 2022. The presale ends on 10 October 2022, and IBAT is at a discounted price now. IBAT has surpassed its soft cap, so that means game development and beta testing will begin.

Battle Infinity has raised almost $1 million in the early stages of the presale. So it looks like IBAT will sell out early, even before 10 October 2022.

The best way to be notified of the latest Battle Infinity news and IBAT updates is via the Telegram channel. Keep in mind that the admins will never DM first. Be careful of imposters.

Visit the IBAT Presale Here.

2. Lucky Block – Popular Competition Platform

Lucky Block provides players with rewards, but LBLOCK has also provided investors with generous profits.
Lucky Block provides players with rewards, but LBLOCK has also provided investors with generous profits.

It’s possible to enter draws to benefit from blockchain and cryptocurrency. One platform that’s enabled that is Lucky Block. Players who want to enter draws to receive rewards can do it on this platform if they own the platform’s native token, LBLOCK.

Lucky Block provides players with rewards, but LBLOCK has also provided investors with generous profits. Investors who got into LBLOCK when it launched at the end of January 2022 didn’t have to wait long to see massive price action. Because LBLOCK went on a massive bull run of over 1,000% at the beginning of the following month. What’s even more impressive is that LBLOCK rallied in only two weeks.

Players who want to partake in draws will have to buy a ticket for $1. Five tickets are necessary to enter the main draw, which is held every week. Lucky Block offers $50,000 in LBLOCK as the main prize. An NFT draw also takes place every Friday. Players save on transaction fees, which don’t apply to ticket sales.

Two major developments have happened on the Lucky Block platform. The first one is that developers are working on making NFTs available via fiat currencies. The other development is the ERC20 token, which is regarded as the second version of the original token. The big deal about the V2 token is that it has enabled Lucky Block to list it on centralized exchanges. That means more exposure of LBLOCK, which could result in higher demand and the coin’s price should follow suit.

Visit Lucky Block Here.

3. Baby ApeCoin – Top-Rated NFT Platform

ApeCoin definitely did well thanks to Bored Apes Yacht Club (BAYC), which is arguably the most famous NFT project. But investors who missed the ApeCoin ICO can still get in on the action in a similar version.

Welcome to Baby ApeCoin. It’s a BEP20 token that is programmed to give investors rewards in BNB. Although it’s considered by some a mem coin, Baby ApeCoin is designed to provide investors utility. It offers static rewards in BNB, paid out every 60 minutes.

Investors should note that a 15% tax is levied on this token. But the good news is that 4% is distributed back to coin holders. The platform uses the 11% difference for marketing and liquidity.

Buy new ICO coins on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. EstateX – Real Estate Platform Offering Rewards

One of the top crypto at the moment is $ESX.
One of the top crypto at the moment is $ESX.

One of the top crypto at the moment is $ESX. It’s the native token of the EstateX platform. For years, getting into real estate has been difficult for small investors because large amounts of money were necessary to enter the space.

Now, EstateX is using blockchain to make real estate investment accessible to anyone. Regardless of budget, any investors can invest in real estate thanks to fractional ownership by EstateX. Whatever money investors have, they can use it on this platform by holding $ESX. It’s a great platform to earn a passive income.

Another great benefit of this platform is that it enables investors to trade their ownership stakes through its secondary marketplace. The platform also enables investors to take out loans with approved coins as leverage.

Invest in Real Estate on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Sleep Care – Platform Enabling Players to Earn While Sleeping

Sleep Care uses a person’s physical body activity and body sensors to gather data.
Sleep Care uses a person’s physical body activity and body sensors to gather data.

It’s possible to earn rewards while sleeping thanks to blockchain. One way is to use the Sleep Care app. It’s built on the Binance Smart Chain and enables participants to monetize their sleeping habits. The app uses information obtained from the participant’s phone to determine the sleep quality.

To qualify for rewards, participants need to sleep 5+ hours. The platform provides rewards with its native token, $SLEEP. Everything is conducted through the app, so Sleep Care sends rewards through it. Sleep Care uses a person’s physical body activity and body sensors to gather data. Since Sleep Care has made earning so easy, it’s definitely one of the best crypto games to play and earn.

Buy Play-to-Earn coins on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy IBAT

Considering IBAT is currently on presale, below is a step-by-step guide of how to buy IBAT, in screenshots:

Step 1: Connect Wallet

Visit Battle Infinity’s website, and read the whitepaper. Then click ‘Connect Wallet’.

Visit the IBAT Presale Here.
Visit the IBAT Presale Here.

Step 2: Buy IBAT

Decide the amount of IBAT to buy and click ‘BUY IBAT’.

Step 3: Confirm Transaction

The last step is to click ‘Confirm’ in the wallet.

At the time of writing the IBAT presale is 17% sold out.

Visit the IBAT Presale Here.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.


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Why KubeCoin (KUBE) crypto surged 50%?

KubeCoin (KUBE) token gained more than 50% after it announced to trade on the MEXC crypto exchange with the pair KUBE/USDT. Its price was US$0.5249 at 6:29 am ET on Tuesday.

The token is also available for trading on Huobi Global and Gait.io crypto exchanges.

It will also be listed for trading on the Bitmart exchange on July 14. KubeCoin listed the token on several exchanges after it completed its initial coin offering (ICO) on July 5.

However, due to the “vesting” period, token holders cannot transfer their KUBE tokens from the KubePay wallet to any exchange. For presale allottees, the vesting period is from 30 to 90 days, and for ICO allottees, it is 180 days.

What is KubeCoin?

KubeCoin was founded by Paolo Della Pepa in Barcelona in 2021. It is a DeFi token to transact in the Kube ecosystem and partner platforms. The token was created to make it an exclusive cryptocurrency for the real-world travel and leisure industry.

Built on the Cardano blockchain, the KubeCoin ecosystem comprises projects such as FlyKube, EatKube, KubePay, NFT Platform, NFT Project and KunbeIN.

FlyCube provides unique traveling experiences and has been active since 2017. Likewise, EatKube offers unique gastronomic experiences, while KubePay is for transactions. Besides trading, Its NFT marketplace provides access to exclusive events, sales, airdrops, etc.

Image Source: ©Kalkine Media®; © Rizelle Anne Galvez via Canva.com

KUBE token:

The token’s market capitalization is not immediately known, but the circulating and total supply are 480 million. Its trading volume rose 490759.51% to US$13.6 million in the last 24 hours. The token is available for trading on MEXC, Huobi Global, and Gate.io.

Bottom line:

The crypto market is extremely volatile; investors should exercise caution before investing in digital assets. 

Risk Disclosure: Trading in cryptocurrencies involves high risks, including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies, you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.




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Will cryptocurrency market in India continue its winning streak, as investment rose 15.5x to $438.18 million in CY21

Cryptocurrency market in India posted a 15.5x increase in investment to $438.18 million in CY2021 from $28.10 million in CY2020, reveals data from start-up tracking firm Tracxn. The sector has received investment worth $139.33 million, year till date. However the sector can see a slowdown or a decline as well. “In 2022, with the law of 30% taxation and 1% tax deductible at source (TDS) being implemented the growth of cryptocurrency startups and trading volume of day-to-day traders will decline,”Avinash Shekhar, CEO, ZebPay, a cryptocurrency exchange, told FE Digital Currency. 

Furthermore, according to the World Economic Forum, while the return from bitcoin was 59.8% in 2020, the cryptocurrency sector’s total market capitalisation grew by 187.5%. 

Meanwhile, the non-fungible token (NFT) category and metaverse market received investments worth $65.60 million and $0.84 million in CY2021, respectively. This is the first year of investment for both the categories, hence comparable data isn’t available. To be sure, the sector has seen a huge interest among consumers. A study by one of the NFT companies Nonfungible.com stated that the overall trading scenario witnessed a 2,1000% spike in 2021. “NFTs and metaverse have allowed the proof of ownership for users on blockchain. In 2021, the Indian digital asset market came up with various NFT drops, as we saw Indian celebrities and brands endorsing the NFT and metaverse culture,” Ramkumar Subramaniam, co-founder and CEO, GuardianLink, a blockchain based, research and development organisation, said. 

Industry experts opined that in 2022, NFT and metaverse market will provide for more utility-oriented and user-based projects. The concept of play-to-earn will also have an impact. Besides, NFT and metaverse is expected to play a part in various government based initiatives.

Moreover, investment in the global market for cryptocurrency, NFT and metaverse market stood at $14270.38 million, $5005.67 million and $661.33 million in CY21, respectively. According to Nilesh Jahargirdar, vice-president of marketing, [x]cube LABS, a software company, India needs more investments in the blockchain technology space for it to be a global financial technology leader. “With the digital currency initiative that was announced in the budget session of 2022, I feel that the strength of Indians entering the global digital currency scenario will increase. I believe that the Indian metaverse scenario has still not become a virtual hub for all kinds of shopping and transactions,” he added.




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Cryptocurrency Arbitrage Platform Mosdex Raises $20 Million For Global Expansion | News

Helsinki, June 15, 2022 (GLOBE NEWSWIRE) — Finland-based startup Mosdex is preparing to offer a global crypto arbitrage platform with a newly raised $20 million. Mosdex raised $20 million for global expansion of its cryptocurrency arbitrage platform. Mosdex plans to expand its operations by purchasing other blockchain-based companies.

The cryptocurrency arbitrage platform Mosdex has raised $20 million for global expansion and plans to open up offices in New York, Hong Kong, Singapore, London, Tokyo and Dubai. “This funding round brings us our best balance at this time,” says Lodurr, Mosdex CEO. “It provides us with an opportunity to grow quickly as we continue our focus on product excellence and innovation in order to meet growing customer needs. We look forward to continuing to be part of the next wave of global crypto adoption.”

The team behind Mosdex plans to expand its business across Europe and beyond. Its initial markets include Germany, Poland, Czech Republic, Slovakia and Hungary, while a new office will be opened in London next year. “We have been building up our international footprint over the last year and are proud that Mosdex is now ready and able to take advantage of the opportunities available within these regions,” says co-founder and CEO. Crypto arbitrage platform startup Mosdex has raised $20 million as it expands into Europe. 

Official Announcements About Mosdex

According to the announcement, a new round of investment is aimed at responding to the growing global demand for crypto services as the crypto industry surges like a parabola with a market capitalization of $1.5 trillion. Andvari, Mosdex’s Managing Director and Chief Digital Assets Officer (CDO), said in a Medium post, “It’s easy to see the importance of Mosdex’s Crypto Arbitrage Program (MOSDEX).”

With the newly raised funds, Mosdex plans to begin expanding internationally in 2022. Mosdex spokesperson said the company wants to take advantage of the European market as its first destination. The company will also launch a cryptocurrency arbitrage solution in line with European cryptocurrency regulations later this year. The Mosdex company boasts an “unique way to buy and sell digital currencies without impacting the current price or order flow.”

Mosdex’s cryptocurrency arbitrage platform, launched in 2022, is designed to automate cryptocurrency arbitrage platforms for cryptocurrency exchanges, consumers and institutions. Developed by a group of developers with expertise in finance, machine learning, and blockchain engineering software, the solution allows users to easily conduct cryptocurrency arbitrage.

The Mosdex arbitrage platform is pushing ahead with the private blockchain era, and in the second half of this blockchain era, the platform is stable and can handle excessive transactions. Mosdex platform is a well-developed cryptocurrency exchange arbitrage platform worldwide in the cryptocurrency ecosystem.

According to the Medium article, Mosdex secured funding in a Series A round led by Evli Bank PLC. Additional investors included the venture division of Lifeline Ventures, leading industrial companies such as NordicNinja VC, and private cryptocurrency investors such as Petteri Suorsa, Magnus Eskelinen and Jouni Väisänen.

“We worked hard to create our own gadgets and improved the richness of the platform. We are constantly updating our utilities to make sure we have purchased the goods and are selling well and accurate,” says a spokersperson at the company.

The next Mosdex milestone is to prepare a variety of products, budgets, and derivative tools for the market. MOSDEX aims to provide investors with an arbitrage strategy that is consistent with market trends. 

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Copyright 2022 GlobeNewswire, Inc.


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What makes KubeCoin (KUBE) a revolutionary token?

KubeCoin (KUBE) crypto is primarily a decentralised token aiming to revolutionise the travel and leisure industries. Built on the Cardano platform, the KUBE crypto intends to offer a digital asset that would allow investors to use it in the real world. Besides, the KUBE crypto will empower leisure and travel industries users to use them as its governance token.

According to its whitepaper, the KUBE crypto was founded in Barcelona and is backed by private venture capital funds and ENISA. As a decentralised DeFi token, the KUBE token can be exchanged, and rewards will be forwarded to loyal customers. 

Related read: Why Ropsten test success is crucial for Ethereum?

The KUBE crypto offers a variety of features in its ecosystem, such as KUBE wallet services, NFTs with real utility, NFT Marketplace for Cardano etc. The Cardano-driven token also offers its users a Unique Swap Exchange, wherein the users can swap the digital assets into KubeCoins at lower fees.

Why is KUBE crypto trending? 

The KUBE crypto was trending primarily due to its announcement of the KubeCoin’s Initial Coin Offering (ICO) launch, scheduled on 10 June. The ICO launch will see 14% of the KUBE coins supply distributed to the Initial Coin Offering. 

As per KUBE’s whitepaper, the ICO listing will sell 67,200,000 tokens, priced at €0,12/KC with a minimum investment of €100/KC and a maximum of €100K/KC. 

Although the ICO sale will take place on Friday, the public launch of the KUBE crypto is only expected in Q4 2022 before it becomes available for public purchase on the exchanges.

Related read: Reserve Rights (RSR) crypto zooms by over 35%. Here’s why

Another reason for the increased interest in the token could be an agreement deal it has recently with an exchange. Although the management hasn’t disclosed anything on this yet.

Conclusion

Although it’s still not listed in popular trackers, CoinMarketCap or Trading View, after the official ICO launch, the token may build significant interest ahead of the public launch. 

The investors and enthusiasts should keep in mind that the crypto markets are very volatile of late, and they should be careful with their choices. Market research is critical to ensure they don’t jump to conclusions and take decisions in haste. 

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