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It has been a month since I last provided my Elliott Wave Principle (EWP) based insights into Ethereum (ETH), so it is time to continue the story. Back then, see here and here, I was looking for a more minor degree 4th wave pullback to ideally $2865, then a 5th wave rally to complete a larger 1st wave top at ideally $3585, followed by a more significant 2nd wave pullback to ideally $2400-2600. See Figure 1 below.

What transpired? Ether had a complex (red) intermediate wave-iv to $2952 (August 18 low), an extended -subdividing- wave-v to complete (black) major wave-1 at $4026on September 3, and ETH dropped to as low as $2678 on Tuesday, September 21. Albeit the cryptocurrency did not adhere to the ideal/textbook path, the overall pattern forecasted over a month ago, and in fact, already drafted early August (see here), came to fruition.

IMHO there is no other and better method available than the EWP to know what path lies ahead, even almost two months in advance! Hence, my premium crypto trading members are always well-aware of the course that lies ahead, giving them a tremendous edge over those who do not. They are also aware that we are dealing with a probabilistic environment. All we can do is anticipate the ideal/textbook path, monitor the price action to see if it adheres, and then adjust as necessary. In this case, only a few adjustments were required. So what’s next for Ethereum?

Figure 1. ETH daily chart with EWP count and technical indicators.

Corrections always are made up of at least three waves: an initiation move down (wave-a), a dead-cat bounce (wave-b), final leg lower (wave-c). In this case, see Figure 1, I can identify three (red) intermediate waves (a,b,c) since the $4026 high made September 3. Depending type of correction (zigzag vs. flat vs. triangle vs. complex), the c-wave is often about equal in length to the a-wave, measured from the bounce (b-wave) high.

Here c=a targeted around $2800. ETH bottomed at $2678, which is well within reasonable margins of error. The recent two-day rally can still be a smaller degree 4th wave of this c-wave: green minor-4, but it is unnecessary. If it is, ETH will fall below $2678 one last time, target the 62.8% retrace of wave-1 at $2575 and then reverse higher.

Remember, back in August, I forecasted, “…a multi-week correction, wave-2, should unfold. It can target anywhere between $2145-2865 depending on how deep or shallow this wave-2 will become. It is impossible to know beforehand. However, typically 2nd waves retrace about 50-62% of the entire prior 1st wave, so I anticipate for now -without having any data at hand yet to confirm a bottom in the $2380-2590 zone (orange rectangle). Once more price data becomes available, I can fine-tune this pending and anticipated low.”

Bottom line: In an uncertain world, one can not expect me to foresee every move and every tick weeks beforehand. But with the EWP, I was able to have an excellent idea of what was ahead for ETH weeks in advance and to a degree of accuracy, no other method IMHO can. Thus, my wave-1,2 forecast has been of the “so far so good” type, if I may say so myself. If $2678 was all she wrote, I consider that forecast complete and will start to look for the setup towards $9000. If $2678 does not hold, expect a trip to $2575. Ethereum will have to drop below that level to suggest a trip back down to the recent summer lows that can still be in the cards.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire

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Bitcoin (CRYPTO: BTC) and other cryptocurrencies "are not legal tenders and have no actual value support," according to Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC) Yin Youping.

What Happened: According to a report by local news outlet People's Daily Online, Youping said that cryptocurrencies are purely speculative assets. He also advised the public to increase its risk awareness and stay away from the crypto market to "protect their pockets."

The PBoC official also said in anticipation of the possible crypto market rebound and their related operations in China, the central bank will monitor overseas cryptocurrency exchanges and domestic traders in collaboration with relevant authorities.

What Else: The institution also plans to crack down on the space by blocking crypto trading websites, applications, and corporate channels.

Per the report, PBoC — being a member of the Joint Conference to Deal with Illegal Fund Raising — actively cooperates with the lead department of the China Banking and Insurance Regulatory Commission.

As a result of this collaboration, the regulator created systems aiming for the monitoring, early warning, publicity, education, and overall combating of illegal fundraisings powered by cryptocurrencies and blockchains.

Read also: Cuba Reportedly Looks Into Recognizing Crypto On National Level

Youping explained that PBoC's next step will be establishing a normalized working mechanism, continue putting high pressure on illegal cryptocurrency-related operations, and continue cracking down on crypto-related transactions.

Lastly, the report intimates that "if the general public finds clues about illegal fund-raising crimes, they must promptly report to the relevant departments."

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Controversial new cryptocurrency tax requirements are likely to become law through the bipartisan infrastructure bill. The cryptocurrency community rallied to fix the language, but the House voted to proceed with the bill as is on Tuesday, moving forward without any new amendments or opportunities to change it.

On Tuesday, House Speaker Nancy Pelosi (D-CA) and a group of moderate Democrats reached a deal to approve a $3.5 trillion budget resolution, schedule floor action on the bipartisan infrastructure deal by September 27th, and advance voting rights legislation. The agreement comes after a group of moderate Democrats pledged to vote down the multitrillion-dollar social safety net package if it was approved before the bipartisan infrastructure bill.

However, the deal also prohibits any new amendments from being considered to the infrastructure package unless the House approves a new rule that would allow them.

The deal strikes a devastating blow to the cryptocurrency community that spent the last few weeks working to remove language from the infrastructure package that could extend burdensome tax reporting requirements to wallet developers and miners. Several amendments were proposed in the Senate earlier this month, but they ultimately failed, leaving the problematic language in the final bill.

“We’re disappointed but not surprised,” Neeraj Agrawal, Coin Center communications director, told The Verge. “It was always a long shot. That said, we have opportunities over the coming months to get this fixed in legislation.”

Several House lawmakers, like Reps. Ro Khanna (D-CA) and Anna Eshoo (D-CA), opposed the bill’s broad definition of “broker” and the bipartisan Congressional Blockchain Caucus sent a letter to members of Congress calling for a fix.

Still, cryptocurrency advocates may have a chance to influence how the rules are applied. The Treasury Department has reportedly said that it would issue new guidance on the rules once they’re passed, ensuring that it would provide exemptions to firms that do not operate as brokers. But it’s unclear if Treasury Secretary Janet Yellen would support more industry-friendly rules. In an interview with CNBC earlier this year, Yellen called Bitcoin an “extremely inefficient” asset.

She continued, “It is a highly speculative asset and you know I think people should be aware it can be extremely volatile and I do worry about potential losses that investors can suffer.”

The Treasury Department has sought to calm cryptocurrency advocates, telling reporters that it would not interpret the “broker” language as including miners or developers. Still, many cryptocurrency advocates argue that the promise is not enough and that future administrations could reinterpret the bill’s underlying definition more broadly.

“I appreciate that it seems to be Treasury’s intention to get this right, and we look forward to engaging in any regulatory process in the years to come,” Jerry Brito, Coin Center executive director, said in a tweet Wednesday. “But please don’t accept the narrative that folks in crypto are overreacting about this provision.”

As the House moves forward on the infrastructure package, national security officials are raising the alarm that the cryptocurrency language could force illicit cryptocurrency transactions underground, according to The Wall Street Journal on Wednesday. More regulation could “push illicit use and criminal actors deeper into anonymizing methods and corners of the internet that would make it more difficult for law enforcement,” Jeremy Sheridan, US Secret Service investigations office assistant director, told the Journal.

The end of the year promises to be eventful for cryptocurrencies.

Since its launch in 2009, Bitcoin, the spearhead of cryptocurrencies, has grown from a handful of cents to several thousand euros. Some players are campaigning for its introduction in the Principality, whilst others, on the contrary, are opposed to the idea.

So what’s the latest on the little golden coin and its companions, Ethereum, Dogecoin and co, in the Principality? Here are some key dates to find out whether or not you will be able to pay for your business lunch in cryptocurrencies in the near future.

The National Council passed the first ever law to lay the foundations for the technology used to create cryptocurrencies: blockchain. This Law No. 237 specifies the terms of blockchain, establishes a three-year test period and creates the Monegasque Blockchain Authority (AMB). The trial period is to be used to promote blockchain-based projects, with the AMB in charge of supervising it all. The aim is to develop this new sector of activity in the Principality.

The test period is still ongoing, Bill No. 995 is coming and aims to strengthen the 2017 law with the introduction of a token offering scheme, called Initial Coin Offerings (ICOs). The bill remains pending.

Bill No. 1482 was passed in the National Council with a focus on “establishing a climate of trust in the online environment”. One part of this law is devoted to the security of digital exchanges: the legal framework of cryptology means (i.e. any hardware or software used to encrypt data) is modified.

Bill No. 1491 concerning STOs “Security Token Offerings”, i.e. token offerings, is passed. This law is particularly interesting as it follows directly from the June 2019 project on ICOs. A legal framework has been established allowing certain Monegasque companies, under certain conditions, to raise funds in tokens. The objective for the Monaco Government? To attract digital companies.

Finally, at the end of the year, a second law is planned, which will probably be the kick-start the Principality needs to unlock cryptocurrency trading. The latter is expected to regulate trading platforms, known as “DASPs” – Digital Asset Service Providers, and to strengthen the security of trading on them.

These laws provide a legal framework for blockchain technology, which is used to create cryptocurrencies. Nevertheless, the precise use of these remains very unclear, and the credit card will (unfortunately?) still be needed to pay for lunch.

>> READ MORE: Blockchain: is Monaco at the start of a new era?

>> READ MORE: Frédéric Genta: “We will use blockchain without really being aware of it”

>> READ MORE: Jean-Philippe Claret, paving the way for the blockchain revolution

>> READ MORE: Franck Julien (Monaco’s National Council): “Blockchain offers infinite possibilities”

AS Monaco Basket: 3 good reasons to hope for another unforgettable seasonMEETING. The White Pirate, treasure hunter for hospitalised childrenMEETING. Laura and Jérôme Tisserand: the two new stars of the Monte-Carlo BalletsAS Monaco outclass Saint-Etienne at home

There were some more promising results, with three-quarters of crypto investors indicating they were likely to invest based on a family member or friend’s recommendation while 81% would invest in response to advice from a financial advisor. According to a Morning Consultant survey of 2,200 U.S. adults, 45% of crypto-holding respondents indicated they would be likely to seek exposure to a digital asset if it is endorsed by a celebrity, compared to just 20% of participants overall.

The post and project have been embroiled in controversy ever since. The price of EMAX saw meteoric growth after being announced on May 26 as “the exclusive cryptocurrency accepted for online ticket purchasing” for the cash-grab boxing match between undefeated boxer Floyd Mayweather and YouTuber Logan Paul on June 6.

Almost 20% of all respondents and nearly one third of crypto owners said they were aware of a post published to Kim Kardashian’s Instagram account spruiking the ERC-20 token Ethereum Max (EMAX) in early June. An astonishing 19% of respondents who saw the Instagram ad admitted to having invested in Ethereum Max afterward  — however they comprising just 3.8% of the overall sample.

While EMAX had traded for as little as $0.00000000073 (nine zeros) prior to the announcement, news of its affiliation with the boxing event saw prices skyrocket above $0.00000085 (six zeros) by June 1 — a gain exceeding 116,000% in just one week.

After Ethereum Max then shed more than 99% of its value in under two weeks, Kardashian published the ad on June 13 to her 250 million followers that highlighted that 50% of EMAX tokens held by the project’s admin wallet had been burned.

While the token was trading as low as $0.0000000076 (seven zeros) before the Instragram post went live according to CoinMarketCap, EMAX rallied to $0.000000235 (six zeros) by June 14 — a 3,000% gain in less than two days.

EMAX has consistently trended downwards since mid-June, with the token last trading hands for $0.000000021(seven zeros) — a 91% drawdown from the local highs that followed Kim Kardashian’s Instagram endorsement.

“I can’t say whether this particular token is a scam. But social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation. Some influencers promote coins that turn out simply not to exist at all.”

The incident did not go unnoticed by financial regulators, with the head of the United Kingdom’s Financial Conduct Authority, Charles Randell, describing the Kardashian’s Instagram post as possibly the single “financial promotion with the biggest audience reach in history.” He added:

Kim Kardashian is not the first celebrity to draw the ire of financial watchdogs for promoting crypto assets to their social media followers, and unlikely to be the last too.

Related: Australian Watchdog Issues Warning on Fake Celebrity-Endorsed Crypto Ads

In 2018, the U.S. Securities and Exchange Commission charged Floyd Mayweather and musician DJ Khaled unlawfully promoting the Centra initial coin offering (ICO) the previous year.

While the SEC has warned celebrities that they must disclose paid promotions for ICOs on social media, many celebrities are now spruiking their own nonfungible tokens amid the NFT boom.

News Highlights BusinessNearly half of cryptocurrency owners turn to celebrities like Kim Kardashian for advice: surveyCheck all news and articles from the Business news updates.

NEW YORK, NY / ACCESSWIRE / September 9, 2021 / Little Baby Doge, just released a new Youtube video on how to buy Little baby doge. This is why we're so excited to announce that you can now buy little baby doge with Trustwallet! After downloading the app for iOS or Android and creating an account, you'll be able to purchase LBD coins straight from your phone. Security is our number one priority here at Trustwallet, which is why all transactions are done through blockchain technology. If you have any questions about using the TrustWallet app please visit our website for more information.

The company believes that this will make it easier for people to store, trade and manage their cryptocurrency assets. There are many apps out there that allow you to store your cryptocurrency but none of them offer a secure place with an easy-to-use interface like the Trust Wallet does. With its simple yet powerful features, anyone can use it without any experience or knowledge about cryptocurrencies. You can easily transfer funds between different currencies by just clicking on one button - no need to copy/paste addresses anymore! We also have some really cool functions such as price graphs so you know how much your littlebabydoge tokens are worth.

The CEO of Little Baby Doge claims that "Cryptocurrencies have their place in society and we would like to make them more accessible by providing charitable organizations with the opportunity to receive donations through cryptocurrency exchanges."

To sum it up, Little Baby Doge is an auto-buy back generating, static rewarding cryptocurrency protocol which rewards holders directly while ensuring a continuous increase in liquidity with each transaction.

"We are excited about this project because it gives people another incentive to use our platform," said the company's spokesperson. "Awareness of the environment and cryptocurrencies is at an all-time high so we think this idea will be very successful."

About the Little Baby Doge

Little Baby Doge (LBD) is the native BEP-20 compliant token issued on the Binance Smart Chain platform, which ensures speedy transactions and security, as well as compatibility with other third-party services.

The tokens Presale has a hard cap of 2500BNB and can be purchased through PancakeSwap after the presale ends. Little Baby Doge's token sale starts on September 10th.

Visit our website for more info: https://littlebabydoge.com/

Make sure to follow our social channels for the latest news.

Website Twitter Telegram Medium Linkedin

info@littlebabydoge.com Contract address: 0xf67006f8d22edEbd1191f3E728ab9a90289e6C38 Contact information: Johan Andersson +46767057566

SOURCE: Little Baby Doge

View source version on accesswire.com: ith-TrustWallet

So you’re an artist or a designer, and you’ve heard that someone paid $69 million for a digital painting by Beeple. No, you’ll never reach that level of craze (unless you share some connections with the Singaporean ventures of your buyer), but you can still try and mint an NFT that you can call your own. In most cases, you will lose some money in the process, but hey, you will have successfully jumped on the bandwagon, and you’ll be able to brag on Instagram and Twitter about it.

Pick your item The first thing you have to do is to pick the artwork. Non-fungible tokens can represent any digital file. You can make an NFT of a digital painting, a text, a piece of music, a video. Literally, anything that can be reproduced as a multimedia file. After all, the NFT game is all about turning digital artwork into “unique” pieces in the age of their infinite reproduction.

Have some Ether handy Once you’ve chosen your digital asset, it’s time to get some Ether. You can make NFTs on a bunch of different blockchains, but for the sake of simplicity, we’ll consider you’re going to use Ethereum. That’s the most popular one, and the most prominent NFT marketplaces support it.  Minting an NFT could cost money. Therefore you will need an Ethereum wallet with some Ether (the cryptocurrency based on Ethereum) on it. One of the easiest to use is called “MetaMask”. You can download it as a free app on your iPhone or Android smartphone. The price requested to create the NFT is highly volatile. Have at least 100$ worth of Ether, but be aware that the minting process could cost you even more, based on the daily operational price.

If you’ll mint your NFT on OpenSea, though, the process is free because of the type of token the platform will create, but you still have to connect a wallet to create an account.

Choose a marketplace Now that you’ve got everything in place, you need to pick a marketplace where you will physically (virtually?) create and then list your NFT. 

The most popular ones are Mintable, Rarible or OpenSea. For the sake of this guide, we’ll pick the last one because it’s free to join and has no moderation on the content you can list. That means you don’t have to be approved as an artist to be selling on the platform. But this also means that the marketplace is full of digital sundries nobody’s ever going to buy.

On OpenSea, click on the user icon, then on “My Profile”. On this page, you can choose how to connect your ETH wallet to proceed. If you’re using MetaMask, you can connect it to the platform by selecting “Use a different Wallet” and then clicking on WalletConnect. The procedure is relatively straightforward. Follow the platform’s prompts, then confirm the Wallet Connect operation from your MetaMask app.

Create the NFT Once you’ve connected the ETH Wallet to OpenSea, you can go on and create your first NFT. Click on Create in the top menu, and create a collection. Fill in all the information needed, then save. Now you’re ready to start the actual minting process of a new NFT. Click on New Item, load your artwork, and give all the details you want about it. Once you’re ready to pull the trigger, click create.

Congratulation, you’ve successfully created a token! To sell it on OpenSea, though, you have to open the newly-minted item in your collection and click on the sell button. On the selling page, you will be able to choose the Ethereum tokens you’ll accept as a payment, if you want to sell with a fixed price or at an auction, and the royalties you want to receive from the first and subsequent sales.

Can you possibly share with us the KuCoin exchange’s future plans? 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Cryptos feed-->  Latest Crypto News Latest Crypto News & Analysis Editors’ PicksShiba Inu price looks south towards $0.0000060 as technicals favor SHIB bears

Amidst an underlying downbeat mood across the crypto market, Shiba Inu extends the bearish momentum into the third straight day on Sunday. The tide is seen turning in favor of SHIB bears once again, as well depicted by Shiba Inu’s daily technical graph, with the market licking its wounds from the China-led blow. Upside remains elusive with 61.8% Fib offering strong resistance.

More Shiba Inu news MATIC price defends 200-DMA as Polygon bears keep $0.95 in sight

MATIC price is consolidating the swift recovery seen on Friday. Bearish crossover and RSI suggest that the downside remains favored for MATIC. Polygon needs a sustained move above the 100-DMA to negate the bearish bias.

More Polygon News Ethereum bears contemplate a drop to $2450

ETH price is building up downside pressure while clinging to the 200-SMA support. RSI remains flat below the midline, keeping the sellers cheerful. A drop towards $2450 remains in the offing if the 200-SMA caves in.

More Ethereum News Polkadot price at make-or-break point as DOT awaits a range breakout

Polkadot price spots a potential symmetric triangle pattern on the 1D chart. RSI stands neutral at 50.00, suggesting a lack of clear directional bias. 21-DMA offers immediate resistance, 50-DMA guards the downside.

More Polkadot News BEST CRYPTO BROKERS/EXCHANGESMore infoMore infoBitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast BTCETHXRP Crypto partners in your location

Has cryptocurrency come of age in 2021? Crypto has soared in the first half of the current financial year. The value of Bitcoin, Ethereum and Dogecoin shot up.

Major corporations including Apple, Google, Tesla, Samsung, Facebook and PayPal have devised strategies tuned to crypto. Pioneers in the technology count themselves among millionaires now.

After initial skepticism, India is slowly changing its stand towards crypto. Legislation is on the anvil to classify crypto as an asset like a commodity. There are a few things you have to be aware of before investing in crypto.

Research first Any monetary decision should be preceded by detailed research and homework. Conduct a detailed study about all the cryptos out there in the market. First you have learn what blockchain technology is. Blockchain is the foundational tech of crypto.

Steer clear of schemes Crypto is decentralised. There is no regulatory mechanism available as with central bank-issued currencies. You have to do your homework about the source of the currency, the nature of the issuer and their authenticity. Do not fall into traps and fraudulent schemes. Be wary of fraudsters who promise impossible returns.

Start small The value of crypto is volatile. Do not put all your eggs in one basket. Test the waters by investing a small amount. You can start small trading too. Start with a single currency and follow its trends. That will give you a deeper insight into how cryptos work. Once you are confident of the sector, you can diversify your investment.

Devise your own strategy There are fraudsters and imposters in all fields. Crypto is no exception. There are people who collect money from gullible investors and supply them with wallets with non-existing currencies. Once they get the money, they would be untraceable. Do not take all advice at face value. Learn on your own. Learn about all the currencies in the market. Consider the opinions of experts in the field. Do not imbibe whatever you see on social media. You have to form an investment strategy that suits you best.

Maintain equilibrium Crypto investment demands patience. This is a highly volatile market. There may be a spike in prices. There may be a slide in prices. Face these swings with equanimity. Analyse the market calmly and logically.

Be safe Cryptocurrencies are stored in wallets. There are online wallets and offline wallets. New investors are recommended to keep an online wallet. Get a strong password to keep you safe from hacking and online theft. It is a good idea to create an exclusive email id for crypto transactions alone.

Know your taxes Before you invest in crypto, you have to have a deep understanding about local tax laws in the country where your assets are based in. Most of the countries tax crypto heavily.

Prisma Analytics GmbH, Dell Technologies, and CryptoDATA Tech have teamed up for an innovative project and announce the online launch of their utility token called EDAIN on September 29th, marking the start of the pre-sale period.

The EDAIN launch event aims to raise awareness for decision-makers that seek to leverage data into actionable knowledge. It will be an exclusively online event, as it will be transmitted live on the Edain website starting 17:00 (UTC).

Edain represents the quantification of data in a tangible form and the development of a new knowledge industry, easily accessible to any user around the world.

The Tradable License Key (TLK) represents a measurement unit of knowledge with the purpose of creating value that can be capitalized through the tradable unit (EAI token), providing user access to the knowledge generated by the C+8 platform. The innovative C+8 platform has been developed according to, and on the basis of, technological patents by Prof. Dr Hardy F. Schloer.

Developed and powered by the partnership between Prisma Analytics and CryptoDATA Tech, Edain is a tradable license key designed to provide access for every human to the revolutionary C+8 Technology®; a transformative AI environment based on big-data analytics tools.

Prof. Dr. Hardy F. Schloer, Founder and CTO of Prisma Analytics GmbH: “The Edain TLK represents the key to access C+8 Technology®, and implicitly, access to a vast central knowledge repository that is designed to become the largest, most accessible knowledge source in human history. Through dynamically expanding library of knowledge apps utilizing the C+8 knowledge database, users will be able to research anything from social trends and geopolitics to risk identification, security threats, predictive modeling and finding the proverbial ‘needle in the haystack’ for virtually any decision application, over time.”

Event speakers: Prof. Dr. Hardy F. Schloer – founder and CTO of Prisma Analytics GmbH, Ovidiu Toma – Chief Executive O cer of CryptoDATA Tech, Adrian McDonald – President Dell Technologies EMEA, Mr. Mark Mulvaney, Hybrid Cloud Lead, Dell Technologies EMEA

Sebastian Pötzsch – Chief Executive Officer of Prisma Analytics GmbH, Dr. Heiner PollertCEO and founder of Patentpool Group and Prisma Analytics GmbH, Andrei Bogdan Stănescu – Technical Solution Architect at CryptoDATA Tech, Dr. Adela Fofiu – Lead Social Scientist, Prisma Analytics.

Ovidiu Toma, CEO of CryptoDATA Tech: “We have developed Edain as a means to provide every human, anywhere in the world with freedom of choice. Edain facilitates access to a technology that transforms raw data into actionable knowledge in real-time and thus, users can make optimal knowledge-based decisions. The C+8 Technology provides humans a very powerful advantage in understanding the dynamics of the world around us and it can be easily accessed by anyone with Edain license keys.”

About Prisma Analytics

Prisma Analytics GmbH combines big data analysis and artificial intelligence to create products that are tailored to closely fit the growing demands of high-level decision-makers.

The company has developed the C+8 data model, which continually processes Big Data of all types, and from any source, into a fully generalized, unsupervised self-organizing data environment, which maps a dynamic copy of the real world and its history into a multi-dimensional and causality-based knowledge network.

From a business model perspective, the technology acts as a platform that allows software developers to build a huge variety of applications upon it. The first app launched by Prisma Analytics is Decision Point, a unique predictive analytics solution that uses the C+8 data model’s native forecasting capabilities (machine-generated intuition) for the analysis of stock price movements.

www.prisma-analytics.com

About CryptoDATA Tech

CryptoDATA Tech is a Romanian company that operates in the areas of cyber-security, encrypted telecommunications, and artificial intelligence to provide IT solutions using Blockchain technology.

CryptoDATA Tech has been an innovator in the global cyber-security market and is known for developing the most powerful encryption protocol, Voice Over Blockchain Protocol® (VOBP), implemented in encrypted and secure devices developed in Romania. www.cryptodata.com

All questions, comments and press inquiries should be directed to Ms. Ema Mitrea at press@edain.ai.

May 20, 2021 11:06 ET | Source: DragonBiteDragonBite

New York, New York, UNITED STATES

NEW YORK, May 20, 2021 (GLOBE NEWSWIRE) -- Recently, DragonBite announces an important strategic cooperation with BitMart. Some projects are not afraid of entering the crypto market during tumultuous times, seeing volatility as opportunities rather than threat and DragonBite is one of them. The DeFi app designed for customers to store and swap all their loyalty rewards points into crypto currencies showcased in Cointelegraph last month after raising USDT 2.7 million from a private investment sale in less than 48 hours, is pleased to announce a strategic collaboration with BitMart. Under a signed agreement, DragonBite committed to provide liquidity to the leading trading platform domiciled in Cayman Islands against technology development support and the opportunity to participate in pilot projects to drive DragonBite's awareness within the digital assets space before its token gets listed on BitMart. 

The loyalty point market across all sectors is estimated to be worth US$ 316 billion and, for DragonBite, represents an unprecedented opportunity to introduce loyalty point customers to the crypto currency world. By tapping into the loyalty point segment, DragonBite garnered immense attention: Both investors and industry partners show interest and want to be part of it. 

DragonBite's Dapp will allow users to convert reward points – including gift cards, vouchers, expiring points, miles, coupons and in-game assets – to BITE, DragonBite's native token which will then allow users to buy cryptocurrencies or swap points between different loyalty programs.

"We are looking to create a bridge on DragonBite Dapp that could allow its users to access some of BitMart's features including all the cryptocurrencies listed on our exchange to purchase and sell, without having to leave DragonBite," says Sheldon Xia, CEO of BitMart. 

"Crypto exchanges are often confusing for non-native crypto people due to the specific vocabulary and lack of trading knowledge. Having access to the cryptocurrencies at real time prices listed on BitMart from DragonBite without requiring users to create a new login will certainly motivate users of the DragonBite platform to explore what BitMart has to offer. We think this would allow more people to experience cryptocurrencies comfortably without getting confused by a change of UX and habits," says Elvan Yau, COO of DragonBite.

DragonBite is not the only DeFi project to target loyalty program customers. BAKKT and Bridge2Solutions also provides a wallet for people to exchange their reward points, however, and according to their whitepaper, DragonBite has already secured partnerships with 20 major loyalty programs including (but not limited to) Starbucks, JD.com, Burger King, Maxim's cake, Champion and Vanguard. This represents 50,000 merchants worldwide and a user base of 1 million subscribers which the project can access via its partnership with Asia Top Loyalty. 

While this will take some time before BitMart gets fully integrated to DragonBite, the Dapp will also benefit from brand visibility on BitMart's website with marketing campaigns and contests organised once BITE gets listed on the platform in Q3 2021. BitMart has recorded 5 million users on its trading platform with a daily trading volume estimated at 4 billion. 

"We are looking for a long term and win-win relationship with BitMart where both parties will benefit. While the DragonBite dapp is more appealing to loyalty program customers, we also believe traders could take advantage of BITE, the native token - which has a supply cap- and trade it on the BitMart exchange to earn rewards for providing liquidity," adds Mickael Costache, CEO of DragonBite. 

The first DragonBite's campaign on BitMart's platform is expected to start in June 2021. 

Social links

Twitter: https://twitter.com/DragonBiteDB

Telegram: https://t.me/DragonBite

Media Contact

Company: DragonBite

Email: info@dragonbite.asia

Website: https://www.dragonbite.asia

SOURCE: DragonBite

With the volume of newly launched tokens growing by the day, Coinfluence has introduced a revolutionary platform to offer a holistic influencer-driven exposure to tokens that deserve and need it.

15th July, 2021, Talinn, Estonia: The crypto industry has a unique marketing environment – being a cutting-edge industry, traditional (even digital-traditional) marketing strategies have proven to be ineffective at capturing the attention and interest of today’s crypto consumers. Heavy users of social media, the younger crowd relies more on word of mouth than ads or news. According to recent research, the influencer market will reach nearly $14 billion this year, and it is no wonder that this shift in paradigm will be felt in the crypto sphere.

Take the example of Elon’s Musk’s infamous support for Dogecoin. The latest tweet recovered the 10% drop it witnessed a day earlier. One tweet can be the difference between the life and death of the next breakthrough in the digital asset space. Such is the power of influencers in crypto.

Coinfluence: The Crypto Influencer Platform of the Future

Coinfluence solves the crypto influencer marketing problem by connecting upcoming projects with a wealth of high-level influencers. The outcome is an environment where projects get access to high-quality social media influencers that can attract the right crowd and increase the chances of a successful launch while the influencers get to be a part of the next breakthrough in crypto, creating fantastic win-win situations. And of course, a good project doesn’t necessarily translate into a successful one if it remains under the radar. Access to a wide range of influencers means that it will get the right exposure, putting it on the map where it truly belongs.

Coinfluence achieves this with a tight-knit set of strategies. First, any project that wishes to be listed must go through a stringent quality check that is based on a multitude of factors, allowing only thoroughly vetted projects to be listed. This creates a cleaner and better option for investors, whilst protecting the market from scams, rug pulls, and bad actors.

At the centre of this whole ecosystem is the CFLU token, designed to assist projects and influencers to achieve mutually beneficial outcomes. Approved projects get to hold their token sales through the launchpad, where the community can acquire their tokens using CFLU. Each transaction gets taxed, with the amount being distributed for liquidity, staking rewards and marketing. At the same time, the deflationary token model should push the CFLU price upwards.

CFLU Token Sale Event

Driving the economics behind Confluence’s ecosystem is the Binance Smart Chain-based BEP-20 compliant CFLU token. Based on the principles of deflation, there  are a total of 1 billion CFLU, of which 650 million are already available in the currently ongoing token sale. The event is phase-based, with each of the 100 successful phases making the CFLU progressively more expensive (currently phase 1 has a price of 0.0056 USD per 1 CFLU).

Out of the 650 million CFLU, 100 million have been set aside for financing the platform developers. To give confidence to projects, influencers and users of CFLU, a vesting schedule will allow the team access to 20% of the funds, with the rest being released periodically. This ensures that rugpulls are guaranteed against.

An innovative tax system is also a unique approach, by which 10% of all transactions are deducted, with 4% going to the liquidity pools, 4% to token holders and 2% for marketing and expansion. Along with this, every 10th transaction in the first 1000 transactions will receive 5000 bonus tokens as a reward. Visit the Coinfluence ICO platform to get your CFLU tokens today.

The Present and the Future

The Coinfluence concept materialized at the start of 2021.. Alongside this, the Coinfluence team has achieved onboarding a large number of influencers and it has set a target of 100,000 top influencers under its Enrolment Program. Coinfluence is also building towards global collaborations and getting CFLU listed on major exchanges, to provide increased liquidity and access for the everyday user to the CFLU ecosystem. Confluence is also looking to list CFLU on major coin monitoring platforms such as CoinMarketCap and CoinGecko, plus portfolio tracker Blockfolio, to raise awareness and increase information transparency.

Further down the road, Coinfluence will be launching its mobile app for access on the go. Confluence will be also roll out their own launchpad, giving projects a one-stop solution to top influencers and the many intricacies involved in project setup and launch, all at the same time. Finally, Coinfluence will create its own news platform, the Coinfluence News Network to inform its users and the public on the latest happenings in the industry.

Visit the Coinfluence ICO platform to get your CFLU tokens today.

Connect via Twitter: https://twitter.com/TheCoinfluence Join the official Telegram group: https://t.me/coinfluence Follow on Instagram: https://www.instagram.com/thecoinfluence/ Catch Coinfluence on Reddit: a Contact

Contact Email: Harshita@coinfluence.org

Sponsored

Prisma Analytics, Dell Technologies and CryptoDATA Tech Will Host the Official Launch of Edain Utility Token

Prisma Analytics GmbH, Dell Technologies, and CryptoDATA Tech have teamed up for an innovative project and announce the online launch of their utility token called EDAIN on September 29th, marking the start of the pre-sale period.

The EDAIN launch event aims to raise awareness for decision-makers that seek to leverage data into actionable knowledge. It will be an exclusively online event, as it will be transmitted live on the Edain website starting 17:00 (UTC).

Edain represents the quantification of data in a tangible form and the development of a new knowledge industry, easily accessible to any user around the world.

The Tradable License Key (TLK) represents a measurement unit of knowledge with the purpose of creating value that can be capitalized through the tradable unit (EAI token), providing user access to the knowledge generated by the C+8 platform. The innovative C+8 platform has been developed according to, and on the basis of, technological patents by Prof. Dr. Hardy F. Schloer.

Developed and powered by the partnership between Prisma Analytics and CryptoDATA Tech, Edain is a tradable license key designed to provide access for every human to the revolutionary C+8 Technology®; a transformative AI environment based on big-data analytics tools.

Prof. Dr. Hardy F. Schloer, Founder and CTO of Prisma Analytics GmbH:

“The Edain TLK represents the key to access C+8 Technology®, and implicitly, access to a vast central knowledge repository that is designed to become the largest, most accessible knowledge source in human history. Through dynamically expanding library of knowledge apps utilizing the C+8 knowledge database, users will be able to research anything from social trends and geopolitics to risk identification, security threats, predictive modeling and finding the proverbial ‘needle in the haystack’ for virtually any decision application, over time.”

Event speakers: Prof. Dr. Hardy F. Schloer – founder and CTO of Prisma Analytics GmbH, Ovidiu Toma – Chief Executive O cer of CryptoDATA Tech, Adrian McDonald – President Dell Technologies EMEA, Mr. Mark Mulvaney, Hybrid Cloud Lead, Dell Technologies EMEA

– Sebastian Pötzsch – Chief Executive Officer of Prisma Analytics GmbH, Dr. Heiner Pollert

– CEO and founder of Patentpool Group and Prisma Analytics GmbH, Andrei Bogdan Stănescu – Technical Solution Architect at CryptoDATA Tech, Dr. Adela Fofiu – Lead Social Scientist, Prisma Analytics.

Ovidiu Toma, CEO of CryptoDATA Tech:

“We have developed Edain as a means to provide every human, anywhere in the world with freedom of choice. Edain facilitates access to a technology that transforms raw data into actionable knowledge in real-time and thus, users can make optimal knowledge-based decisions. The C+8 Technology provides humans a very powerful advantage in understanding the dynamics of the world around us and it can be easily accessed by anyone with Edain license keys.”

Prisma Analytics GmbH combines big data analysis and artificial intelligence to create products that are tailored to closely fit the growing demands of high-level decision-makers.

The company has developed the C+8 data model, which continually processes Big Data of all types, and from any source, into a fully generalized, unsupervised self-organizing data environment, which maps a dynamic copy of the real world and its history into a multi-dimensional and causality-based knowledge network.

From a business model perspective, the technology acts as a platform that allows software developers to build a huge variety of applications upon it. The first app launched by Prisma Analytics is Decision Point, a unique predictive analytics solution that uses the C+8 data model’s native forecasting capabilities (machine-generated intuition) for the analysis of stock price movements.

www.prisma-analytics.com

CryptoDATA Tech is a Romanian company that operates in the areas of cyber-security, encrypted telecommunications, and artificial intelligence to provide IT solutions using Blockchain technology.

CryptoDATA Tech has been an innovator in the global cyber-security market and is known for developing the most powerful encryption protocol, Voice Over Blockchain Protocol® (VOBP), implemented in encrypted and secure devices developed in Romania. www.cryptodata.com

All questions, comments and press inquiries should be directed to Ms. Ema Mitrea at [email protected]

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Bit2Me, the Spanish company that offers technological financial services based on cryptocurrencies, has closed the third phase of its ICO (Initial Coin Offering) in just 38 seconds.

Raising a total of €17.5 million in less than three minutes between the three public sale phases that took place throughout September 2021.

This is a historic milestone, as it is the first time a company issues a utility token that allows customers, users, and the community to have advantages in the company’s services and governance, as well as liquidity in the market at any time.

The first phase of the ICO closed in 59 seconds (€5 million), the second in 47 seconds (€7.5 million), and the third and last in 38 seconds (€5 million). If we add to these figures the €2.5 million raised in the previous private sale that took place at the beginning of last August.

The result is that Bit2Me has reached a total of €20 million, setting a historical precedent in the history of the cryptocurrency industry in Spain and consolidating Bit2Me as one of the leaders in the sector. This has been possible through the B2M utility token, developed entirely by the Spanish platform.

“We have received great interest in buying B2M tokens in the different phases of the ICO. But this journey has just begun; as of November 1, our tokens will be available for purchase, like any other cryptocurrency, on Bit2Me, Bittrex, and increasingly on more platforms. The success of B2M marks a before and after in the Spanish crypto ecosystem”, explains Abel Peña, Chief Revenue Officer at Bit2Me.

Those who have opted to acquire B2M tokens will enjoy different benefits, such as discounts of up to 90% on fees, better conditions in the various services associated with the platform, and, as mentioned above, governance over the company in certain aspects.

This is the biggest ICO ever launched in Spain, in which the incorporation of top-tier talent has been key to its success. That is the case of Baldomero Falcones, formerly worldwide chairman of Mastercard—between 2002 and 2006—and CEO of FCC, who has been working now for some weeks as Senior Advisor for Bit2Me.

Another of the renowned additions to the team has been that of Zeeshan Feroz, former CEO of Coinbase in Europe and the UK, who has accompanied the Spanish platform throughout the entire ICO process. In addition, Rodolfo Carpintier, the entrepreneur and father of the internet in Spain, is also working side by side with Leif Ferreira, CEO, and founder of the company.

Bit2Me has recently launched a new street advertising campaign to celebrate the success of its ICO. The Spanish platform has installed billboards in different neuralgic points of Madrid: Puerta del Sol, Gran Vía, Plaza de España, Plaza de Colón, Paseo de Recoletos, Plaza de Castilla and Cuatro Caminos.

As icing on the cake, Bit2Me has deployed a giant canvas in one of the best known and busiest places in the Spanish capital, the Puerta del Sol, with the following message: “Bitcoin: Welcome to the Independent Republic of Your Money”. This campaign is in addition to other street advertising campaigns that the company has promoted to raise awareness of Bitcoin technology in places such as Italy (Milan), Portugal (Lisbon), and Andorra.

Bit2Me is an industry-leading company in the cryptocurrency sector in Spain. Its suite of services includes more than 20 solutions to buy, sell and manage virtual currencies and Euros from a single place, safely and easily. The company, which has private, professional, and corporate clients in more than 100 countries, has managed operations worth more than €1 billion since its inception in 2015.

In January this year, Forbes magazine selected Bit2Me as one of the companies in Spain that will drive change in 2021.

Since its creation in 2015, the company has received numerous awards in the financial sector such as ‘Winners of the World’, in the international competition sponsored by Visa. They also won ‘Best Spanish startup 2015’, by CaixaBank; and ‘Best Business Model’, awarded by Deloitte; and has been invited by the European Commission to present and discuss Blockchain and Bitcoin technology on multiple occasions.

One of Bit2Me’s first initiatives was the launch of Bit2Me Academy, which trains more than 1.7 million students every year. Bit2Me Academy is currently the largest cryptocurrency training portal in Spanish, with more than 400 free articles, certified courses, and videos for those interested in learning about the birth, operation, and evolution of cryptocurrencies and the blockchain world.

(Also read: BeInCrypto Decodes the Buzz Surrounding Bit2Me’s B2M Token Sale)

People with autism often live their lives behind a shrouded veil, cut off from opportunities and appropriate support. While we do not often hear about it in the media, the disorder is more prevalent than we think. According to the Center for Disease Control and Prevention, one in 54 children in the US was diagnosed with autism spectrum disorders, or ASDs, in 2020. 

Founded by Chris Bills and Richmond Sodokpo, AUTZ is the world’s first cryptocurrency network that empowers autistic people to profit from their extraordinary creativity by selling their artwork as non-fungible tokens (NFTs). At the same time, AUTZ is revolutionizing the charity sector by transforming one-time donors into engaged community members as the shareholders of tokens that actively participate in the success of the entire network. 

Within three weeks of launch in 2021, it brought together over 3,000 people and token holders from across the globe. In addition, Chris and Richmond have recently donated $10,000 worth of AUTZ tokens to the charitable organization ‘I Serve with Joy.’

Building A Vision

Once a high-flying sales representative, Chris’ pandemic pivot made him delve headfirst into the world of cryptocurrency. He started learning about crypto and the technology behind it about five years ago. It was however during the covid-19 pandemic that he started to really educate himself and found out how he could use the industry to benefit his surroundings, family, and friends.

Chris’ interest prompted him to reach out to a friend who taught him about smart contracts and blockchain technology, two elements he refers to as “the backbone of crypto.” After losing his job due to the pandemic, Chris created the Crypto Wealth Club, a community-based program to educate people about cryptocurrency. 

The platform opened up many doors to the crypto space and became a meeting point for entrepreneurs and business developers that started teaching people about wallets and exchanges, which helped the whole community go from zero to 1000s. They gained knowledge and eventually dove into the area of smart contracts. These run on blockchain technology and are built to receive and send transactions, as well as being used to create NFTs.

Token With A Good Cause 

Eager to utilize the power of tokenomics and the blockchain to make a positive difference and impact, Chris partnered with Richmond, whose daughter is autistic, to build AUTZ. “We wanted to focus on something specific, not just charity in general. This is the moment we connected the dots and utilized smart contracts to turn the beautiful paintings and drawings done by autistic children into NFTs” Chris says. The duo started to develop a team with programmers, graphic designers, and social media professionals who initially came together as volunteers.

Having created a smart contract on the Ethereum blockchain to facilitate the purchase of AUTZ tokens, the company provides benefits to both people with autism and rewards the token holders. Ten percent of the token supply is assigned to a charity wallet, which later distributes to ASD charities in need of funding. Meanwhile, three percent of the value of all token transactions is automatically redistributed to AUTZ token holders in line with their asset weight on a weekly basis. 

When it comes to selling the NFTs, Chris hopes that AUTZ will provide an avenue for autistic children to benefit from their creativity. “If a child with autism draws a picture and we put it on the NFT marketplace and sell it for $1,000 then that $1,000 is going straight to their organization. There are no third parties involved,” he says.

Creating A Community

It is safe to say that AUTZ is combining community power and blockchain technology to create a self-sustaining springboard to economic success. There's no subscription or sign-up needed, the token you buy is the donation. If the value of the token goes up as the platform becomes more relevant, the holder ends up actually making money.

Chris highlights that education and empowerment are huge parts of the endeavor, AUTZ does not only want to bring people together in a unique way, they also educate the community about cryptos such as Bitcoin and Ethereum so people can launch their own projects. 

It’s the company's future goal to continue to spread more awareness and have AUTZ listed on the big exchanges, so the community can generate expansion, the capital can grow and the positive impact can be amplified.

…

Therefore, purchasers will need to hold existing cryptocurrency in any third-party wallet such as Coinbase or Binance. Purchasers will then deposit cryptocurrency from their third party wallet into their AABB Wallet to exchange and purchase the AABB Gold token (AABBG) for the current 0.1 gram of gold price (approximately $5.60 USD) plus a small transaction fee. Support for users of the AABB Wallet is available on the website www.AABBGoldToken.com and by email to AABBWallet@gmail.com.

The initial token release is backed by $30 million in physical gold the Company currently holds. At today’s market price of gold, this initial token release available for purchase is 5.4 million tokens at the one-tenth (0.1) gram of gold price (approximately $5.60 USD) for each AABBG token. The token price is tied to and supported by the Company at the market price of gold at a minimum. As the price of gold fluctuates, the minimum supported price of the AABBG token will increase or decrease, but the potential upside price of the token will be driven by market demand.

The AABB Gold token (AABBG) is backed 100% by physical gold held by the Company and additional releases of the token will continue to be backed 100% by additional physical gold acquired from future mining production, gold purchased from cash reserves or credit.

The launch version of the AABB Wallet will allow purchasers to transfer AABBG tokens to others that also have the AABB Wallet, but tokens will not initially be exchangeable within the AABB Wallet for other cryptocurrencies. This inaugural version of the AABB Wallet will allow the Company to increase token circulation and accumulate revenues to be utilized for the support and stabilization the token price when AABBG is freely exchangeable in the open market.

The Company is currently developing, with CSHC, its own proprietary cryptocurrency Exchange that will allow AABB Wallet users to quickly exchange their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. AABB embraces a pioneering philosophy with its truly unique Mine-to-Token vertical integration operational approach that strives toward complete independence from FIAT currency.

AABB’s primary goal for the token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation targeting large population and high growth markets globally including China and East Asia. The Company is collaborating with CSHC to roll out an international marketing campaign for the AABB Gold token, AABB Wallet and development of the corporate brand. The marketing efforts are aimed to proliferate brand exposure and reputation, increase the use of the AABB Gold token and the AABB Wallet, and amplify general public and investment community awareness of the Company.

About Asia Broadband

Asia Broadband Inc. (OTC : AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a world-wide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. Visit www.AsiaBroadbandInc.com and www.AABBGoldToken.com

Contact the Company at:

Investor Brand Network General Email:ir@asiabroadbandinc.comToken Support Email:AABBWallet@gmail.comCompany Website:www.asiabroadbandinc.comToken Website:www.AABBGoldToken.comPhone:702-866-9054

Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

Corporate Communications: InvestorBrandNetwork (IBN) Los Angeles, California www.InvestorBrandNetwork.com 310.299.1717 Office Editor@InvestorBrandNetwork.com

Michael Wagner has large ambitions for his blockchain-based multiplayer game, Star Atlas. He sees his beta-stage product where players explore outer space eventually morphing into a "metaverse," and told Insider he wants the user base to expand to "the entire global population."

A game that can support that kind of user base needs a web-scale, layer one blockchain protocol that's scalable and low-cost, Wagner said. That's why he and his team chose to build Star Atlas on solana in August 2020, joining about 20 other projects that had been built on the blockchain.

A year later, Wagner says there's over 500 projects built on the network, and solana's SOL token has soared to over $150, boasting a year-to-date gain of nearly 8,300%.

The gain has been in part driven by developers like Wagner, who were looking for a network that could process transactions faster and cheaper than ethereum, the blockchain where most decentralized projects currently exist.

While solana was processing 2,000 transactions per second on Friday, ethereum was only processing about 14, and while each transaction costs about $5 on ethereum, solana boasts a transaction fee of less than a penny.

Developer interest and activity on solana grew so much over the last few months that the network's transaction load peaked on Sept 14, resulting in an outage of over 17 hours. The company said ''intermittent instability" had disrupted some services on Tuesday, after solana's transaction load peaked at 400,000 transactions per second.

The network is back up and running now, and Wagner said he wasn't discouraged by the outage, but rather impressed with the network's "expediency of resolution."

"Solana was capable of handling greater than 400,000 transactions per second prior to the failure, which is being rapidly resolved, " Wagner said. "This demonstrates the true potential of a web scalable blockchain, and furthers my resolve in building Star Atlas with solana as the foundational protocol."

In the wake of the outage, investors may be wondering where solana will fit into the ecosystem of layer-one blockchains, especially as ethereum stands as the dominant platform for decentralized applications.

Seth Ginns, managing partner at investment firm CoinFund, sees a "multi-blockchain world," where developers examine the trade-offs of each protocol and choose to build their project on whichever blockchain best provides what they need.

Traditional financial applications that need fast transaction speeds are well suited for Solana, Ginns told Insider. Meanwhile, applications that need strong censorship resistance or a more decentralized protocol may be better suited on ethereum, he said.

Ethereum will soon undergo a massive upgrade known as "Ethereum 2.0," which will culminate in the blockchain pivoting to a proof-of-stake concept, among other technical updates. That could change how it stacks up against solana, Ginns said, but before that upgrade, developers are flocking to what works for them.

"Both from a utilization perspective and an investor awareness perspective we're seeing solana really come into one of the top positions among base layers," Ginns said. "That's likely to remain the case, even as ethereum goes through upgrades."

However he noted that solana is still a fraction of ethereum's network value, and the token is unlikely to unseat the second largest cryptocurrency any time soon.

"We have a saying, 'you never bet against ethereum,'" Ginns said. "It would be surprising to me if you ever hear me completely writing off ethereum. It just has such a vibrant developer community."

Unlike currencies that bend over for inflations in a country, bitcoin or any other digital asset posses a global value. For example, if you are doing an international business and accept the Indian rupee and suddenly if the value of the currency reduces due to inflation, then it is a loss to you as a business owner. This can be avoided if you accept cryptocurrency payments. Digital currencies have a global value, thus putting away regional inflation worries to sleep.

It is not just business companies, even normal clients of a company or stakeholders are showing interest in cryptocurrency. Therefore, it is the right time for businesses to invest in cryptocurrency and reap benefits like easy transactions, trading, payment methods, etc. Consequently, your business will be positioned to receive and disburse crypto to assure smooth exchanges with key stakeholders.

Only during the pandemic, many companies adopted digital technologies like artificial intelligence, data science, data analytics, machine learning, etc to power their working system. Until then, except for the IT teams, nobody else in the company was aware of digitization and its functionalities. Similarly, cryptocurrency adoption is also a form of financial digital wave that is knocking at our door. By paving the way for digital currency usage, companies are willing to educate their employees and make them understand the functionalities of cryptocurrency.

The biggest reason for cryptocurrency’s success is its self-protected nature from government influence. Since they are not linked to any currency or don’t come under regulations, digital currencies can shield themselves from bank failures, hyperinflations, and other economic disasters. Therefore, this added nature makes them a perfect fit to be accepted as payments. Even when the whole financial system collapses, the value of cryptocurrency will come out unscathed.

The sheer nature of cryptocurrency is often hailed by many enthusiasts. Therefore, it is time for businesses to benefit from it. Digital currency payments are recorded and monitored in a public ledger, making them see-through and unchangeable. They are verified and cannot be hacked or manipulated easily. This reassures that cryptocurrency payments are away from risk and corruption.

Banks are a physical financial medium that imposes transaction fees and taxes on every digital payment. It is quite understandable because they need to pay their employees, give rent to the buildings, and need to pay utility bills. But cryptocurrency and blockchain transactions are different. Since they are commenced over online platforms, it comes with lower transaction fees, making businesses opt for it more.

Cryptocurrency opens the door for a new range of customers who are willing to make bitcoin payments over money transactions. According to a report, allowing cryptocurrency payment methods invites more than 40% of new customers into the business.

Although cryptocurrency hacks are increasing over the past few years, they are not as bad as financial scams that swallow a company’s fortune. Besides, cracking into a decentralized exchange and stealing the token involves many challenges that hackers won’t go for. Even if there are some hacks, the exchanges are willing to financially reimburse the victims.

Keeping all the eggs in a single basket is never a good option. The same goes for businesses that adopt a single mode of payment and investment. It carries potential risks and might not be rewarding as well. But opting for cryptocurrency could diversify your company’s portfolio and shield your payments against geopolitical, health, and economic crisis.

Government institutions to handle money came over centuries back. But people were very slow in embracing the emerging trend. Fortunately, the cryptocurrency market is different. In just over a decade since bitcoin hit the market, thousands of tech advancements, innovations, and changes have already occurred in the dynamic world of cryptocurrency trading. Therefore, it is mandatory to keep your business afloat in the evolving circumstances by adopting the digital currency.

SINGAPORE--(BUSINESS WIRE)--Epik, which helps businesses license and produce immersive blockchain-powered in-game experiences and NFTs, announced that it will partner with Huobi Global to launch its membership token, $EPIK, through their Huobi Prime program. Epik will be Huobi Prime #8 and will be available for sale on August 27th, 2021. Huobi Prime is a selective program that introduces new, cutting-edge asset projects to cryptocurrency traders. Epik has created the world’s largest decentralized and cross-chain compatible network for digital collectibles, in-game experiences, and NFTs that gamers can utilize across both mainstream and crypto-based games comprising of over 300 game companies and one billion gamers.

For brands and IP owners, Epik’s blockchain-powered capabilities present a low-risk opportunity for brands to explore the NFT space and get access to distribute NFTs across the world’s largest network of game companies and crypto marketplaces. Epik’s technology and brand partnerships allow for major gaming companies to engage with their audience in an entirely new way: by monetizing limited-edition collectibles to share with loyal fans and players within the gaming community.

Epik is one of the few companies to successfully be a part of the Huobi Prime program run by Huobi Global, a Tier-1 crypto exchange with an average $8.9B USD in trading volume every 24 hours. Acceptance into Huobi’s program for a primary listing means an extremely high level of due diligence has been conducted on Epik and the $EPIK Prime token examining the legitimacy, revenues and overall health of the company.

“We are pleased to announce Epik’s launch through our Huobi Prime program. We are dedicated to finding the best projects out there, and $EPIK Prime’s unique value proposition for brands and gaming companies stood out to us,” said Ciara Sun, Vice President of Huobi Global.

$EPIK Prime is a membership token that powers a robust loyalty reward program which offers new products, services, and benefits to token holders such as earning exclusive rewards, the ability to pre-order items and digital collectibles, access to impossible to get in-game NFTs and chances to win random NFT prizes.

$EPIK Prime will also provide benefits to holders in the Epikverse. The Epikverse is the name of the digital ecosystem and technology behind Epik’s consumer-facing capabilities – a truly innovative and disruptive virtual world experience. The Epikverse consists of a number of unique “micro-verses” that exist within other video game metaverses. As such, the Epikverse acts as a gateway between worlds, providing an interconnected network across any game in which another Epikverse exists. Through this network, users can buy, sell, and trade all forms of NFTs and digital merchandise, or even enjoy a live virtual event together with their friends, all while logged in to entirely different games. Players simply need to have an existing account (or create a new one) within each of the games they wish to engage in through the Epikverse.

“The Epikverse is the network of railroad tracks needed for cross-chain, cross-platform interoperability,” said Epik CEO Victor David. “We’ve created an ambitious and evolutionary framework that will make getting on- and off-chain, or in and out of metaverses, perfectly seamless. Epik is bringing web3 experiences and capabilities to the mainstream gaming world.”

What truly sets Epik apart is the trust that it has with titans in the gaming industry. Epik’s client list features over half of the top 25 game companies in the world. Most recent collaborations include Gameloft’s Asphalt 9, one of the world’s largest mobile games downloaded over 1 billion times. Through this partnership, Epik helped Gameloft launch the AAA gaming platform’s first foray into NFTs, with exclusive in-game digital collectibles and NFTs from the popular racing game made available for purchase on Epik’s marketplace. This collaboration was history making and an exciting event for the entire mainstream gaming and collectibles industry and a major leap forward for the mass adoption of blockchain technologies.

The Huobi Prime $EPIK token launch announcement follows their recent private sale on Daomaker, a leading crypto launchpad, where $EPIK shattered their all-time high record for most user registrations. Users from Daomaker rushed to get access to invest into #EPIK signaling intense interest and confidence for the mainstream crypto company.

Epik has made tremendous progress and in the last 45 days since launching the $EPIK Prime platform, Epik has revealed major video game NFT partnerships with two games with over one billion downloads, Asphalt 9 and Garena’s Free Fire, along with two of the leading avatar-based games, Avakin Life and Second Life. Additionally, Epik has been selected to be the official NFT provider for 9/11 Day and the 20th anniversary of 9/11 National Day of Service, and has orchestrated the first ever multi-game charity campaign to support the nonprofit bringing awareness to millions of users around the world.

About Huobi Group

Huobi Group, a world-leading blockchain company, was founded in 2013 to make breakthroughs in core blockchain technology and further its integration with other industries. Huobi Group’s business scope has expanded to include public blockchains, digital asset trading, wallets, mining pools, proprietary investments, incubation, digital asset research, and more. Huobi Group has established a global, digital ecosystem by investing in over 60 upstream and downstream companies in the blockchain industry.

About Epik

With more than 300 video game clients, Epik is the leading global licensing agency putting brands into video games to produce premium digital items and experiences for over one billion gamers worldwide with the largest digital ecosystem with hundreds of the world’s most popular entertainment brands. Epik is widely considered to be the blockchain industry leader producing collaborations for premium licensed digital collectables, NFTs and exclusive experiences powered by an interoperable proprietary cross-chain technology. Epik was the first and only NFT company to do any deals with AAA gaming companies for NFTs. Clients include ViacomCBS, Warner Music, Garena, Tencent and Universal.