Author: NewsBTC

AGM Group Announces Significant Order for 25,000 Digital Currency Mining Machines

AGM Group Announces Significant Order for 25,000 Digital Currency Mining Machines

BEIJING, China, October 21, 2021,  – AGM Group Holdings Inc. (“AGMH” or the “Company”) (Nasdaq: AGMH), an integrated technology company focused on providing fintech software services and producing high-performance hardware and computing equipment, today announced that it agreed to supply MinerVa Semiconductor Corp. (“MinerVa”) with 25,000 units of its 100 TH/S MinerVa MV7 ASIC
to build the MinerVa family of crypto miners.  MinerVa is a premier high-performance ASIC design and manufacturing company and is the exclusive distributor of industrial-grade crypto miners to leading global large-scale mining companies.
MinerVa has influential relationships and resource networks within the Fintech and Blockchain ecosystems and provides top-tier end-to-end technology solutions to notable global blockchain players like Terawulf Inc. and TrueNorth Data Solutions.  The Company will soon receive a US$20 million deposit for the crypto miners.  The remainder of the order value will be paid before delivery commences.
Mr. Steven Sim, Chief Financial Officer of AGMH, commented, “This order builds on the previous Nowlit order from October 13th and is a testament to the effectiveness of our new growth strategy as we continue to solidify our pioneering position in the market.  The purchase enables us to increase our cashflow, which gives us a sound financial footing as we begin our plans for mass production in 2022. Leveraging our advanced hardware and computing equipment production capabilities, we believe we are well-positioned to capture the vast growth opportunities in this thriving industry.”
About AGM Group Holdings Inc.
Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment. AGMH’s mission is to become one of the key participants and contributors in the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
For more information, please contact:
At the Company:
Email: [email protected]
Investor Relations:
Sherry Zheng
Weitian Group LLC
Email: [email protected]
Phone: +1-718-213-7386

Trace Networks Onboards 883 Police, To Launch Digital Fashion NFTs on the Bling Marketplace

Trace Networks Onboards 883 Police, To Launch Digital Fashion NFTs on the Bling Marketplace

The popular Italian designer brand, 883 Police is all set to launch the special edition “883 Police NFT Collection” on Bling lifestyle and luxury NFT marketplace as a part of its collaboration with Trace Network Labs.
The 883 Police NFT Collection includes digitized versions of special edition apparel and fashionwear NFTs that can be owned and carried in multiple metaverses. As a fabric that brings together luxury goods and the digital world together, Bling will be auctioning this limited edition, exclusive NFTs on its platform.
In a recent media interaction, the CEO of 883 Police India Seetharaman Kannan said, “We are delighted to partner with Trace Network Labs to bring forth a revolutionary phase of digital fashion with 883 Police branded NFTs. We are confident that with the 883 Police brand’s legacy of many years we can bring in extraordinarily quirky digital fashion that can be transaction as NFTs and also worn by users of a metaverse.”
Tracing back in time, the 883 Police brand was started in 1995 in Italy. Over the past two and a half decades, the company has been at the forefront of clothing innovation, “Denims” in particular, and expanded its reach to become one of the aspirational brands across multiple continents. The ultra-rich style statement of the apparel produced by 883 Police has brought global recognition as well as invited the attention of some great celebrity endorsements.
Meanwhile, Trace Network Labs, as one of the leading protocols in the NFT and Metaverse space, introduces lifestyle and luxury to multichain metaverses by enabling brands to create digital avatars of their actual products.
The CEO and Cofounder of Trace Network Labs, Lokesh Rao said, “We are thrilled to onboard 883 Police on the Lifestyle for the Metaverse journey at Trace Network Labs. What I find most interesting in fashion is that it reflects your moment. 883 Police has a rich history and roadmap in creating those perfect moments by making a differentiating fashion statement. It is exciting to bring 883 Police limited edition wearable NFTs to Bling marketplace to further enhance the user experience on various metaverses!”
Trace Network’s Bling NFT Marketplace and 883 Police will soon announce the dates for the action of these specifically designed NFTs for gaming metaverses.
Learn more about 833 Police NFTs on Bling luxury NFT marketplace at  https://medium.com/trace-network/popular-brand-883-police-to-launch-digital-apparel-nfts-in-collaboration-with-bling-4d3f6905b8b0

Bridging the Gap Between Blockchain and Social Media

Bridging the Gap Between Blockchain and Social Media

Social media, a relatively old concept and way of connecting people have existed since 1997. Yes, over 2 decades old. It has continuously evolved so much that we cannot fully comprehend it any longer!
And now there’s blockchain, again over a decade-old science, which has since taken off. We’d think that the only connection blockchain would have is with finance and technology. However, the reach that blockchain has is massive.
That’s what The LoveChain took advantage of unleashing. A way to bridge the gap between regular old social media, to the decentralized future version of it, via blockchain.
Basically, social media, aka The LoveChain, is where you are back to being the center of attention. The attention and care that you all deserve. A place where you are not tracked down for ad sales.
What inspired The LoveChain?
The LoveChain is a digital version of the lovelocks that can be found all over the world on bridges. It is developed as a social media platform to record and celebrate the people and things in our life that we love at all times of our lives.
Because it is based on the latest blockchain technology, it offers advantages in terms of uniqueness and security that are not available on regular social media platforms. Each user is granted their own piece of digital real estate to call their own as a result of the blockchain’s implementation. Free space for anyone and everyone. You have the power in your hands.
Users can produce and exchange content across the network without the need for any centralized mediators. The platform will include a complete rewards system powered by the LOVR (LoveChain rewards token).
In addition, the LOVR  can be used to get discounts through the online merchant store within the LoveChain ecosystem, and users can also trade and send the LOVR tokens to one another.
The LoveChain is being built on the Algorand blockchain.
Since the blockchain is decentralized, this piece of real estate has the potential to last indefinitely, which is why their slogan is The LoveChain is Forever.
Primary goal
It’s critical to build The LoveChain platform on a decentralized network because it achieves the goal of providing members control over their data. Furthermore, because privacy is becoming more of a worry, as a result of traditional social media platforms’ indiscretions.
The LoveChain will impose restrictions on the type and number of adverts to improve the user experience and not make them feel watched.
The power of Networking embedded in The LoveChain
 The power of networks is a vital success indicator for such business models, especially for social media apps, because they rely on the interconnection between their users. Metcalfe’s Law, a principle that is critical to The LoveChain’s success, best explains this interconnection.
In computer networks and telecommunications, Metcalfe’s Law is used to represent the value of a network. According to Metcalfe’s Law, the influence of a network is proportional to the number of nodes in the network. For example, a network with 10 nodes has an intrinsic value of 100 (10*10) computers, servers, and/or connecting users can be end nodes.
When determining the worth of its network, the aforesaid calculation gives social media a lot of weight.
The LoveChain recognizes the importance of Metcalfe’s Law and has devised a strategy to boost its network footprint in order to compete with the large social media platforms. As a result, they want to establish a one-of-a-kind offering, a sizable network presence, the ability to create your own NFTs from the content you post, an eCommerce marketplace, a rewards system to go along with it all, and a whole lot of #LOVE.
For more information on The LoveChain please visit: https://linktr.ee/lovechain

Sakura NFT Is Giving a Digital Touch to the Works of Athletes and Sportsmen

Sakura NFT Is Giving a Digital Touch to the Works of Athletes and Sportsmen

NFTs have developed into a multibillion-dollar industry, with art collectors and memorabilia hunters bidding millions of dollars for rarefied digital works and memories of superstars from many fields, including music, art, film, and sports.
This sector has sparked a worldwide rush of artists and investors looking to grab a piece of the action. These digital assets are allowing artists and creators to not only earn more money but also to form new connections with their audience.
NFTs are about more than just allowing artists to sell their work. Digital tokens are upending a wide range of industries that have long depended on traditional business methods. NFTs are giving things a digital twist in ways that were previously unimaginable.
Sakura is a blockchain NFT project that will assist celebrities, influencers, athletes, musicians, and artists in creating their own collectibles. Sakura is on a mission to solidify NFTs as an important industry in the blockchain world.
The project is building a Japanese-based NFT marketplace that aims to tokenize the works of popular athletes and celebrities. It is designed mostly for those who are active in the times and well-known individuals, as well as entertainers who want to share their photographs, films, and other stuff with the world.
Sakura has established itself as a branded platform that will continue to develop steadily in the near future, as the NFT sector moves closer to widespread mainstream acceptance.
To some extent, rarity drives the NFT market. Sakura will be forming partnerships with well-known athletes and celebrities to help tokenize and monetize the finest moments in their lives and careers, bringing them closer to their fan base. A blockchain project named XRI is working on the development of the SAKURA NFT Platform.
XRI is a project that intends to deliver decentralized infrastructure to individual Internet users in order to act as the nexus between blockchain technology and the world’s data. XRI is on a mission to bring enterprise solutions to the data market and also solve many of the impending challenges that have eroded the data industry and as such XRI will be working with Sakura to deliver its NFT platform.
Sakura is the first mover in the gold NFT race.
Almost everyone seems to be following the regular pattern in the issuance of NFT, however, Sakura is seeking to change the course of things on how NFTs could be valued. Commenting on the uniqueness of the Sakura NFT marketplace distinctiveness, saying:
“We learned from the cryptocurrency system that gold may be circulated without the need to carry banknotes. It marks the start of a new gold standard. Sakura Japan will collaborate with Arca Degussa to create the world’s first gold distribution system. As a result, GOLD DEBIT NFT will be available soon. This is a product where you may buy an NFT with GOLD DEBIT, which allows you to add gold value to the NFT in order to keep the NFT and cryptocurrency prices stable.”
Despite the fact that NFTs are becoming more mainstream, they remain inextricably tied to the crypto ecosystem and hence vulnerable to market volatility. Sakura’s invention will bring gold to NFTs, therefore stabilizing the price flow of Sakura NFTs. This may be a game-changer for the whole NFT industry and a springboard for new ideas. Sakura is embracing every opportunity to establish itself as a popular choice.
A look at Sakura’s recent partnerships
Sakura has signed a number of athletes and celebrities, adding to its lists of athletes. This was announced through a blog post:
“SAKURA NFT Platform is a platform providing various functions related to NFTs, in which they revealed new information about a great car racer, Ai Miura”
The first contract with Ai Miura, will almost certainly serve as a springboard for other major partnerships in the future. Ai Miura is a Japanese racing driver. She was the first Japanese woman to win a Formula 3 race.
Ai Miura earned the first Japanese Formula 3 Racing Series champion in the series’ history in 2014. She won the FIA Solar Car Race Suzuka, the KYOJO Cup, and the VCR Vita as well. She competed in Formula Regional Japan, Super Taikyu, and Mini Challenge Japan in the year 2020.
This partnership is the first in what may be a succession of partnerships with world-class athletes, a blockchain-focused community of eSports fans, gamers, digital artists, and cryptocurrency activists.

Unique NFT Land Plots of the Red Planet for the Crypto Fans

Unique NFT Land Plots of the Red Planet for the Crypto Fans

There was a time when space travels showed only on screens and dream about Mars seemed out of this planet. Welcome to the present, then it has become real.
Now You can own a piece of the Red Planet by participating in the Mars Land NFT sale running on Ethereum. Touch the red earth, take the first step, discover the water, or grow the first plant on Mars
MARS4 – How is it unique?
Mars4 – centered ecosystem where you can explore a virtual Mars Metaverse, own and customize your land property with MARS4 Tokens and even reap the rewards of the world’s first revenue-generating NFT! Attractive tokenomics of Mars4 leverages NFT Mars Land, Gamification, and Token Redistribution.
The Mars4 project’s development team has modeled a detailed 3D map of Mars’ terrain after NASA’s Mars data. Think of it as Mars’ equivalent of the 2001 Google Earth 3D map. The total area of the Red Planet is divided into 99.888 unique land plots, each represented by a unique NFT.
Mars4 is a platform that allows people to own and access the virtual Metaverse world which features the fourth planet in our solar system, Mars. The NFT project is powered by cryptocurrency, which makes it more accessible to people all around the world.
Dual tokenomics of Mars4 contains land NFTs and MARS4 dollars. There is an initial supply of 4 billion MARS4 Tokens that are used as the main currency on the Metaverse of which 1/3rd will be sent to mint the limited supply of NFT land plots.
Earn passive income by simply holding Mars Land
The platform operates on Ethereum, allowing users to benefit from high transaction processing speeds. Aside from owning a parcel of land on Mars, users also get the opportunity to benefit from their land plots. In the future, Mars NFTs will be open for staking, and liquidity mining, thus earning passive income to their owners.
The Mars4 platform is the first blockchain-based project to allow collectors to receive passive income through their NFTs. When a collector owns a land plot NFT, they are automatically included in the Mars4 yield generating system. This system ensures each transaction performed on the platform redistributes MARS4 tokens to the NFT holders.
Before the launch of Metaverse, epochs are introduced to redistribute passive income for Mars landlords. The scarcity model is designed to provide a yield for NFT owners as soon as possible, as there are no transactions until the game is not yet launched.
Each Epoch starts after a new batch of 10,000 NFTs is sold. 51% of income from the Land NFTs are redistributed to the previous NFT owners, starting in Epoch 1. As more than 50,000 NFTs were sold already, Mars4 entered the first epoch on September 24th, 2021. There already sits more than 3.5 million MARS4 tokens in Epoch1 Redistribution.
Benefits of Owning Unique NFT land plots of Mars4?
An NFT collectible’s capacity to resell itself is one of the numerous perks of having it. As these projects become more and more popular, their value will increase exponentially. This alone makes them a very great asset to have in your collection. Another benefit is that they will never get lost or go missing because you own them on the blockchain.
With Mars4, you can be sure that your land on Mars is always safe and, at the same time, you’re getting actual value from it. The uniqueness of Mars4 is that you can increase your NFT land value just by owning a piece of the virtual planet. As the project proceeds, every time a transaction occurs on the MARS4 Metaverse, it will contribute MARS4 dollars to your wallet.
Non-fungible token sales and trade have gone from increasing to skyrocketing. In fact, the value of Mars4 NFT is constantly increasing. The scarcity principle is applied to the price of land plots, therefore the more Martians who buy property, the higher the price of the free ones become. It’s only natural that the price of NFTs rises as the number of available NFTs diminishes, which is why NFT and Mars4 devotees are encouraged to buy their land on Mars as soon as possible.
Moreover, Mars4 ensures that Martians are always passionate about owning, trading, and acting on the platform and that their interest in the P2E game is always at its peak — Mars Land NFT owners will self claim the NFT reward distribution, will be able to terraform their lots, and build civilizations of the first Martians settling on the Planet. Therefore, think twice before you sell your NFTs.
How to get Mars Land NFT for yourself?
Joining Mars4 Metaverse is one of the easiest ways to start any NFT project and get a full working environment up and running.
Firstly, you need to visit the official website at www.mars4.me, read and understand more about the NFT Metaverse. You may find the “NFT SALE” page on the main menu, where it directs you to another page with more information about the NFTs on Mars4. There, click the button “Buy Mars Land NFTs” to get started.
Next, you are switched to the 3D layout of the planet Mars. Here you are able to locate every block of land that Mars4 is offering to the buyers. You can begin your NFT experience with any land you want.
After you have selected the land of your choice, you are allowed to purchase it by clicking on the button “Buy” on this page that you see. Note that the price of these NFTs is significantly higher than that of regular tokens.
Once you have purchased an NFT, you will be granted access to this block of land on Mars4. Click on the “View” button to view the land as well as the plots that you own on this NFT.
Latest Crypto News: MARS4 listed on BITTREX
MARS4 dollars have launched on Bittrex – a world-class cryptocurrency exchange with a focus on security and trust. Bittrex provides the widest selection of cryptocurrencies in the United States along with fast trade execution and dependable digital wallets, all protected by industry-leading security practices.
What is more, Mars4 currency is also available on SushiSwap, a decentralized exchange called an automated market maker. Everyone holding MARS4 and ETH can participate in the staking program on SushiSwap as well. In this way, holders can easily earn additional income every day. Furthermore, the SushiSwap Onsen program with a double multiplier is planned to be open in the 4th week of October.
In short – you can easily and safely acquire MARS4 tokens on Bittrex or Sushiswap exchanges.
Conclusion
The demand for Mars-related NFTs will rise as more exploration reveals Mars’s mastery. Mars4 NFTs are a rare combination of the NFT benefits of proof of ownership of something both scarce and beautiful, and passive income generation.
Unlike other NFT projects, Mars4 has revenue assurance from its NFT yield generating protocols. It is therefore not just an artistic and exploration medium for content creators, individuals, and businesses, but an excellent source of passive income.
 

HUMBL To Use BLOCKS To Initiate Strategic Collaboration on Blockchain Initiatives

HUMBL To Use BLOCKS To Initiate Strategic Collaboration on Blockchain Initiatives

In the blockchain industry, partnerships and strategic collaborations are essential for industry growth and expansion. With the boom of the relatively young decentralized finance (DeFi) and non-fungible token (NFT) market, projects need to collaborate to consolidate on the rise and further drive the market higher. There have been several notable partnerships within the blockchain industry, but the newest that has been making waves is the collaboration between BLOCKS and HUMBL.
Both are currently experimenting with the use of sidechains and bridges to minimize the cost fees on NFTs by close to 98%. With this partnership, HUMBL has become the first among the growing number of companies within the Blocks Builders to leverage the various Blocks Builder’s Modules to build better using BLOCKS.
The Goal of the Collaboration Between BLOCKS And HUMBL
There are lots of things that will be achieved through this collaboration. Both platforms are already working on improving the non-fungible token (NFT) metadata storage across projects like music and video. They are also trying to develop a better “verified by BLOCKS ” registry built to enable users to authenticate, track, and verify their NFT holdings irrespective of their location. Both BLOCKS and HUMBL are also experimenting with BLOCKS builders blockchain plugin modules that include ticketing, real estate, payments, etc., on the HUMBL Wallet and the HUMBL platform.
In the words of Adam Wolfe, the lead blockchain consultant at BLOCKS, “Whether it was Cisco packaging router and switches, or Apple packaging megabytes and cell minutes on their partner networks, every technology cycle has paired consumer packaging companies and the network they run on. The HUMBL and BLOCKS Network teams hope to do the same thing here, in giving global consumers a smarter blockchain grid and simple packaging layer on top of it.”
What is BLOCKS?
BLOCKS is the first legally registered Wyoming DAO LLC in the blockchain industry. They are currently an open-source software stack for DAOs, including a library of governance protocols and friendly interfaces to build and manage DAOs. The team is also open to partnering, collaborating, or joining forces with like-minded entities, individuals, as well as network participants to set the standard for a legally registered DAO LLC. The BLOCKS platform is poised to connect industries and enterprise-grade technologies to the blockchain network by employing an industry and blockchain agnostic approach.
Working closely with Wyoming legislatures, BLOCKS is able to build the first legally registered decentralized autonomous organization (DAO) in the world. The team believes that BLOCKS DAO is a beacon of the future and critical to their journey of progressive decentralization. According to the information available on the BLOCKS website, they will pave the way for DAOs across the world as a model of compliance and accountability. You can also join the BLOCKS waitlist to enjoy these services.
At the heart of the BLOCKS, DAO, and Builder Program is the BLOCKS Token. The token powers everything from on-chain governance to enterprise transactions happening within the BLOCKS Builder’s partnerships. More details about the BLOCKS can be accessed on the BLOCKS blog page.
Overview of HUMBL
HUMBL is a consumer blockchain company that works to simplify the use cases of blockchain technology. The company simplifies blockchain use cases across verticals such as payments, ticketing, non-fungible tokens, and real estate. HUMBL is connecting consumers and merchants in the digital economy. The HUMBL ecosystem is being developed to support the over 162 million freelancers in Europe and the United States.
For freelancers, HUMBL makes it possible for them to receive payment from wherever they are and whenever they need them. It gets more interesting with HUMBL; anybody can become a merchant in just a day without additional hardware or even strict contracts. HUMBL also designed a payment app for consumers across borders and currencies. For more details, you can read the HUMBL blog.

Crypto Wealth Protection in Spotlight Amid Surging Institutional Demand

Crypto Wealth Protection in Spotlight Amid Surging Institutional Demand

Asset managers, hedge funds, and high net-worth individuals (HNWIs) have been dipping their toes in cryptocurrencies. DeVere Group CEO Nigel Green recently said that there is a “growing retail and institutional demand for cryptocurrencies because it is becoming increasingly clear that the shift towards borderless, global digital currencies is inevitable.”
Convenience and security
With institutional investors flocking to own digital assets, security measures have come into the spotlight. Though the blockchain itself is highly secure, hackers frequently manage to steal funds by exploiting human errors, blind spots, and other weaknesses. Institutions are extra cautious with their assets because the stakes for them are much higher than for an average Joe.
When it comes to the custody of their crypto assets, users have a wide variety of options to choose from. Hot wallets such as desktop wallets, online wallets, and mobile wallets are always connected to the Internet. They are convenient, but highly risky because they are an easy target for hackers.
Cold wallets such as the Trezor and the Ledger Nano X are much more secure. They are not always connected to the Internet. You have to connect them to the Internet when it’s time to execute transactions, which is when the attackers could target your wallet. Also, it’s not uncommon for hardware wallets to get stolen, suffer from software issues, or deteriorate over time.
From wallets to vaults
Institutional investors prefer to keep the cryptocurrencies they don’t need for immediate use in vaults rather than wallets. Vaults bring additional security layers and require multiple approvals to make withdrawals, which makes them more suitable for high-balance accounts and long-term storage.
Third-party crypto custodians are combining innovations in cryptography and digital security with physical security and regulatory compliance to woo institutions.
Spain-based security firm Prosegur has launched its crypto custody arm to bring high-security vaults for digital assets. Prosegur secures about $400 billion worth of cash, gold, jewelry, and physical assets. Its vault, named Crypto Bunker, uses the Israeli cybersecurity firm GK8’s patented cryptography that eliminates the need to be online while executing transactions.
With Crypto Bunker, institutions can create, sign, and send blockchain transactions through a unidirectional connection. However, even highly secure vaults are vulnerable to human errors and physical tampering. Prosegur claims that it uses its decades-long experience in physical security to prevent physical extortion and robbery, both by insiders and outsiders.
Prosegur Crypto CEO Raimundo Castilla said, “The combination of bank-level physical security and new generation cold storage technology means that Prosegur Crypto is the safest place to store crypto assets for institutions, businesses, and any other entity requiring secure cold storage.”
As institutional interest in cryptocurrencies balloons, the custodial services, as well as crypto exchanges, must address users’ concerns about safety and fraud prevention.
Ben Caselin, Head of Research & Strategy at AAX, said in a statement to NewsBTC, “As the market for digital assets continues to grow in both size and sophistication, the need for institutional-grade custody solutions has become more pressing. Regulated crypto custodians have the technical know-how to safely handle digital assets for their clients and are able to meet complex regulatory requirements around risk-management, reporting and transparency.”
Caselin believes that custodians could also facilitate communication between regulators and participants in crypto. Citing the example of Asian digital asset custodian Hex Trust, he said, “In the Asia region, we have Hex Trust which is licensed in Singapore and aims to connect the digital asset ecosystem to traditional finance. They work with family offices, other funds, but also entrepreneurs and blockchain projects. In that sense, custodians can also play a key role in raising the profile of crypto projects in terms of trust and transparency.”
Speaking at the SALT Conference in New York, Brett Tejpaul, the head of institutional sales at Coinbase, said, “It’s up to the crypto custodians to promote that they can provide the same types of institutional infrastructure to custody crypto that are there for any other asset classes.”
Wrapping it up
The emergence of high-security crypto custody solutions is a major step in making the ecosystem safer than ever before. While hot wallets offer convenience and cold wallets are good enough for most small investors, institutional investors need added layers of security. The entry of giants like Prosegur, which focuses on both digital as well as physical security, could shake things up.

Universal Solutions – The Future of Crypto

Universal Solutions – The Future of Crypto

The crypto ecosystem is probably the most dynamic field of information technology. New solutions pop up almost every day and it’s pretty hard to find a startup that will blow your mind in some special way. Even at the beginning of its path, the crypto space didn’t seem like something boring and conservative. But it’s nothing compared to what we can observe in the market now.
At a first glance, the current ecosystem looks a bit chaotic and complicated. Looking at the variety of DeFi solutions it’s quite hard to estimate the benefits they commit to bringing. But if you remember the core values that were proclaimed with the coming of Bitcoin you will realize that the number of key benefits of blockchain and crypto is definite and limited: reducing intermediaries, decentralization, secure storage of data, and privacy.
Projects committed to privacy have long received attention and it promises to be one of the most popular trends in the coming years. It corresponds with the current situation when a lot of people are not satisfied with the authorities, banks, and key social media players that own too much private data. Anonymous cryptocurrencies are regarded as good alternatives to Bitcoin, the public ledger of which allows anyone who wants to track all transactions.
The emergence of demand stimulates projects to come up with features that ensure the desired privacy. For example, BEAM protocol, where privacy is the team’s first priority.  This platform offers anonymous transactions and ensures that third parties can’t see the sender, receiver, and transacted amount.
Moreover, if you take a look at projects like BEAM, you will notice that they bring other core values that blockchain implies. It’s a big, scalable DeFi ecosystem with the full range of tools needed, including embedded DAPPs, wallet, atomic swaps, decentralized bridges, smart contracts, confidential stablecoins and oracles. And the protocol also relies on decentralized governance.
The Beam protocol is governed through the implementation of the BEAMX governance token. Token holders become BeamX DAO members and participate in the management of the ecosystem. And the extent of $BEAMX holders’ power will be far larger than in other crypto projects – they will be able to shape the roadmap of the BeamX DeFi ecosystem itself. The community can create proposals and vote regularly for important changes they think will be beneficial for the project. This will be done through a special DAPP implemented in the BEAM wallet.
Moreover, users get an additional incentive via staking, earning more tokens as a reward for holding BEAMX in their wallets. Staking is risk-free – staked tokens won’t be locked in any pool and users will be able to withdraw their tokens without any delay. Staking will become available on October 21 in the proprietary BEAM wallet. As a part of a staking campaign, DAO is going to distribute 1% of all tokens among early users. It can be a good reason for crypto enthusiasts to explore the emerging ecosystem and contribute to DAO that will rule the way this system functions.
BEAMX is listed on Binance and has already grown by more than 50% – people buy tokens en masse in preparation for staking.
If you step away from the hype of the crypto world, you’ll notice that some platforms have a strategic intent to bring core values for which cryptocurrencies were created. And some of them also bet on community involvement in the development of the project. Because the project that the user has contributed to creating can count on his greater loyalty.
Today it becomes clear that the recent trend of a flat organizational structure is growing in many industries. And one more variant of such a structure can be proposed and established by blockchain-based DAOs. In the case of BEAM, creators focus not only on decentralization and privacy. It was meant to be a complex solution that gives people the privilege to save time and to manage all the operations related to crypto in one environment.
Indeed, looking back at the development of the blockchain world it is obvious that universal solutions will conquer the audience. And chances to succeed are rising at a gigantic rate when such projects are committed to key values blockchain technology was supposed to bring from the very beginning.

Events dApps are Bettering: Intuitive, Convenient and Transparent

Events dApps are Bettering: Intuitive, Convenient and Transparent

Blockchain technology has been taking the events management industry by storm.
The COVID-19 pandemic led many to reflect on the failings of traditional, centralized ticketing and event platforms. These tools often feature low security, difficult user experiences, and high hidden fees.
Blockchain continues to interest many event managers and promoters. The technology offers the opportunity to digitally manage events and payments without a central administrator, all while eliminating ticket duplication, fake tickets, and bots. Blockchain also can be harnessed to allow for event details to be managed and shared in a uniform and transparent manner.
A greater interest in a decentralized approach to managing events and attendees has led to the rise of several decentralized applications (dApps) with a focus on ticketing and events management.
Blockchain-Based Event dApps Transforming Traditional Models
Phoenix DAO’s Events Marketplace is one dApp making waves due to a dedicated and focused team who have been hard at work optimizing the platform.
The Eventbrite-style dApp empowers users to host events or buy, sell, and exchange tickets thanks to the power of blockchain. Phoenix’s unique Identity protocol ensures decentralization and trustworthiness while permanently tying tickets to a particular user no matter where they go. All Event dApp users rely on the native $PHNX token for payment, but the PhoenixDAO team plans on offering more cryptocurrencies and on-ramp methods. Hopes are expansion will encourage user growth and open up more revenue streams.
Phoenix Authentication helps verify logins and approve ticket transactions to eliminate bots and bulk purchasing. The entire Event dApp is multi-chain offering both Ethereum and Polygon’s sidechain solution, offering Layer2 solution instead of only Ethereum. A recent developer update includes multi-chain support, giving dApp users the opportunity to host events on either the Ethereum or Polygon networks, based on their preferences, to foster advanced cross-chain interoperability.
Additional updates promoting convenience and transparency include a new affiliate partnership with Travala.com, opening up PhoenixDAO Events dApp users to connect with one of the leading global crypto-friendly travel booking platforms boasting more than 2,000,000 properties in 230 nations. A second partnership with Transak provides fiat onramp services and fiat-to-crypto deposits and withdrawals. The PhoenixDAO team hopes future Transak support of the native $PHNX token will allow for the purchase of $PHNX with a credit or debit card.
Emphasizing A Hassle-Free Experience
A follow-up developer update in mid-October further enhanced the user experience and functionality based on requests and comments from Events dApp users.
As blockchain-based event dApps continue to become more intuitive, convenient to use, and transparent, many speculate the technology could forever transform the events and ticketing industry.
Contactless ticket sales and management remain a big benefit to busy events managers trying to reduce attendee/event staff interaction to ensure optimal hygiene standards for in-person activities in ‘the new normal.’ The ease of creating and promoting events on blockchain-based solutions like PhoenixDAO’s Events dApp is of particular benefit to event managers and planners who might have limited budgets and are uninterested in paying hefty fees to rely on traditional platforms.
The PhoenixDAO team characterizes their consistent work optimizing and enhancing the Events dApp as “a series until everyone is able to use the dApp hassle-free.” PhoenixDAO continues to lead the way in ushering in blockchain technology to the events and ticketing industry to provide a superior experience for both event managers and attendees.
PhoenixDAO has always been proactive in establishing new opportunities to connect and give back to the community. To that end, PhoenixDAO is hosting an event where the latest member of the team to join will be live streaming and participants stand a chance to win a $1000 NFT.
 Product growth is key, update to the events marketplace, with a rare NFT from Zed Run, with a win rate of 14.4% and ROI of 26.3%.
To participate in the event, users can purchase the tickets from Events dApp using a crypto wallet. To purchase a ticket for the event, users must hold $PHNX tokens on Polygon. Users holding $PHNX tokens on Ethereum wallets can move it to Polygon using the Matic Bridge if need be or purchase $PHNX from Quickswap.io.
About PhoenixDAO
PhoenixDAO is a revolutionary decentralized environment that has curated a list of flagship dApps, all designed to create a more rewarding and accommodating environment for the crypto community. PhoenixDAO is powered by The DAO (governance system), Staking dApp, Events dApp and the dApp store.
PhoenixDAO is an autonomous project with unique protocols (Identity management, authentication, payment, and tokenization protocols), which helps create a secure and safe decentralized space.

ADALend Makes It On “The Essential Cardano List” By IOHK

ADALend Makes It On “The Essential Cardano List” By IOHK

Input-Output Hong Kong (IOHK) has listed ADALend on their “Essential Cardano List” of projects that are considered part of the ecosystem supporting and providing Cardano users with products and services.
“The Essential Cardano List” gives an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation, and Emurgo resources, as well as community-generated materials and a list of current stake pools.
ADALend’s inclusion in the list marks a milestone for the project and its plans to broadcast consumer awareness for the project and its features.
About IOHK
Input-Output Hong Kong (IOHK) is a technology firm dedicated to employing peer-to-peer innovations to bring financial services to the world’s three billion unbanked individuals. They are a software development firm that creates cryptocurrencies and blockchains for academic institutions, government agencies, and businesses. IOHK is considered one of the world’s leading blockchain infrastructure research and engineering firms, founded in 2015 by Charles Hoskinson and Jeremy Wood. The company is an entirely decentralized organization dedicated to academic rigor and evidence-based software development. The business creates high-assurance blockchain infrastructure solutions. It’s also the brains behind Cardano.
About ADALend
ADALend is a decentralized lending protocol governed by the Cardano system. Within this Cardano system, ADALend will influence the flexibility of digital finance markets by providing a basis for immediate access to loans and collaterals, resulting in sustained liquidity of the blockchain assets of the lender.
The ADALend protocol will power the new wave of flexible financial services to the digital asset markets.
Key Features of ADALend

Permissionless Lending on Any Pairing: Our governance will ensure that the best offers are available and that only the safest oracles are used. We guarantee trustworthy options for utilization by our clients. To achieve this feat, secure authorization channels are used, limiting the need for permission on pairing.
Incentivised Liquidity: Liquidity is predicated on having enough assets in each pool to facilitate lending. ADALend addresses this requirement by incentivizing users to deposit assets and provide liquidity.
Community Governance: Token holders can establish consensus by voting on governance proposals or introducing new proposals for a vote.
Ecosystem Foundation Layer: The ADALend project has the ability to attract assets and build incentives that can empower an ecosystem of financial products.

Benefits Of Using Cardano

Lower Transaction & Contract Fees
Higher Transaction Speeds
Better Code Security & Robustness
Uses Multiple Oracles
Environment-Friendly

To find out more about ADALend, visit the website.

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