Tag Archive : Cryptocurrency

Famed Japanese Soccer Player Keisuke Launches KSK Honda Coin

Famed Japanese Soccer Player Keisuke Launches KSK Honda Coin

KSK Honda Coin was launched by soccer star Keisuke Honda through a blockchain platform Rally.io to allow fans with coins to interact with Honda.

Rally.io is a blockchain platform for creators building businesses and provides engagement between creators and the fans. Creators can issue their own cryptocurrency on this platform. Moreover, Keisuke Honda is a former Japan midfielder and presently a captain of the Brazilian professional league team Botafogo. 

Keisuke said,

I decided to create my social token to build new connections with my most loyal fans…This is a new type of innovative ‘fan club’ that I will be experimenting with. With Rally so that my fans can benefit and be connected anywhere in the world.

KSK Honda coin holders will be able to get videos that Honda updates. In addition, interaction with Honda through Discord’s private chat. Honda explained on Youtube that “We decided to create a social token to build new connections with our most loyal fans.” 

Recently, Zenit St. Petersburg, a top soccer club in Russia’s Premier League signed on to the blockchain-based gaming platform Sorare. To issue collectible and tradeable digital cards on October 15. 

Through the crypto trading platform StormGain, Italian professional sports club SS Lazio signed a multiyear deal, enabling new fan engagement options through crypto in September 2020. However,  the world-wide soccer community is moving deeper into the crypto and blockchain space. In search of new ways of connecting stars with their fans.

WaterDrop - A Global Ethereum-Based Decentralized Token Platform

WaterDrop – A Global Ethereum-Based Decentralized Token Platform

WaterDrop (WDP) is a decentralized token platform built on the Ethereum blockchain network. WDP is the native token of the cryptocurrency decentralized exchange Water which will be launched by 2021. 

WaterDrop token is generally blockchain-based, with the same functionality as Bitcoin, Ethereum, and Bitcoin Cash. The main difference between WDP token and other crypto token is that it is created on Ethereum blockchain. But Bitcoin and Bitcoin cash was built on their own blockchain.

Moreover, WDP promises to solve the decentralized problems faced by new users. In addition, the WDP token has successfully completed its pre-sale launch affording early investors the opportunity to get more tokens for less price. 

 

WaterDrop Presale 

WDP token presale happened from October 15 to October 21. However, the token supports all ERC-20 wallets, using other wallets could result in futility for the sender. Moreover, WDP token total supply is 3950, from which 1000 WDP is available for ICO presale. 

At the time of the ICO Presale, the WDP price is $29 with minimum and maximum investment set at 0.1 ETH, and 10 ETH, respectively. In addition, the price of WDP on the ETH price scale is 1 ETH equals 13 WDP. 

Additionally, 200 WDP are allocated as airdrop, and 1250 WDP tokens are locked to enhance the demand. This will be released 10% each month. The remaining 1500 WDP tokens are for controlling the market and also to provide liquidity.

 

WDP Listing & Rewards

WaterDrop (WDP) token is listed on cryptocurrency exchange Bitsten. However, the exchange provides an easy to use interface, supports all browsers, and charges a low transaction fee on the platform.

Moreover, WDP is also listed on UNISWAP exchange, a decentralized automated token exchange on Ethereum. WDP also plans to be listed on many popular exchanges like Hotbit, Probit, Bamboorelay, and other cryptocurrency exchanges.

In addition, top 5 WDP token holders are rewarded in celebration of listing on the new exchange. However, 5 WDP tokens have been kept aside in a ratio of 5:1. Holders use tokens /.to stake, buy and sell any digital products ranging from softcopy materials, ebooks, games, web services, and much more.

 

WaterDrop Future 

WaterDrop plans to list the token in many popular exchanges. It will be listed on the crypto market data sites like Coinmarketcap, and Coingecko before the end of October 2020. However, by the first quarter of 2021, the platform is planning to develop, and test Water Dex.

The WaterDrop team also plans to add some features like a Connect wallet, search WDP on Dex, and Buy with an ATM. It also aims to provide users a great interface and convenience on using the Dex platform.

Furthermore, the growing versatility, acceptability, and popularity of the token can be seen through the token trading or exchanging with popular cryptocurrencies like Bitcoin, ETH, Tether, and others.

WDP Etherscan explorer link: https://etherscan.io/token/0xd61b60ccbdaf09c2e036c72734adb3270ed27192

 

WaterDrop Community

Website: https://waterdrop.business

Github: https://github.com/WaterDropDWP

Twitter: https://twitter.com/WaterDropTeam

Telegram Group: https://t.me/waterdropproject

Telegram Community: https://t.me/waterdropcommunityy

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. TheNewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

PayPal Partners With Paxos To Enter Cryptocurrency Industry

PayPal Partners With Paxos To Enter Cryptocurrency Industry

PayPal has partnered with Paxos to join the cryptocurrency market, and allow US customers to buy, sell, and hold bitcoin and other digital coins using the digital payments company’s online wallets.

PayPal is one of the largest global payment providers based in San Jose, California. It has 346 million active accounts around the world and processed $222 billion in payments in the second quarter.

Moreover, PayPal has got a conditional cryptocurrency license. From the New York State Department of Financial Services, commonly called the BitLicense. From early 2021, PayPal customers will be able to use crypto to shop. With 26 million dealers on its network using its app.

However, in an interview, PayPal President and Chief Executive Dan Schulman explained that the company encourages global use of cryptocurrency. Also, central banks and corporations prepare their network digital currencies.

Schulman said,

“We are working with central banks and thinking of all forms of digital currencies and how PayPal can play a role.” 

Furthermore, the company has updated its fees with more details on cryptocurrency exchange fees. However, the company will charge high fees on fiat-to-crypto and crypto-to-fiat exchange transactions.

In Spite of PayPal’s noteworthy launch. Other mainstream fintech firms, like mobile payments provider Square Inc and stock trading app company Robinhood Markets Inc, also allow users to buy and sell cryptocurrencies. 

Many central banks have also expressed their intention to create digital currencies in the coming years, while Facebook Inc-led the development of a cryptocurrency project called Libra in 2019. However, PayPal was a creating member but dropped out after a few months.

Line Launches Central Bank Digital Currency (CBDC) Platform

Line Launches Central Bank Digital Currency (CBDC) Platform

LINE, a Japanese messaging giant is building a platform for developing central bank digital currencies (CBDC), as per the report by South Korean news agency the Chosun Ilbo. 

CBDC is the cryptocurrency issued directly by central banks to replace real fiat currency. It is generally different from cryptocurrencies such as Bitcoin. The private sector issues these cryptocurrencies and has increased market price volatility.

However, LINE is in discussions with Asian central banks about possibly working on digital currency projects. Executives of the line stated that they could not deliver the exact countries that considered the platform’s application.

The Bank of Korea, for instance, could trial its CBDC for micropayments. A recent report from the central bank mentioned that other countries like Uruguay, Cambodia, and the Bahamas are also developing CBDCs for micropayments to decrease money management costs.

Line officials said,

It is difficult to disclose the exact country where the discussion is taking place…It is a major Asian country focusing on the development of CBDC for micropayment.

Payments giant Mastercard launched a virtual and custom testing platform last month which will allow central banks to evaluate digital currency systems. On October 7, the South Korean central bank reported that it will start the distribution phase of its CBDC pilot scheme next year.

Decentralized Finance (DeFi) market cap slides 25% in a Day

Decentralized Finance (DeFi) market cap slides 25% in a Day

The decentralized finance (DeFi) assets have continued to fall by 25.1% while volumes shrunk 30% in the last 24 hours alone according to data from Santiment.

Santiment estimated that daily DeFi token trade volumes have dropped by 30% combined. However recent market leaders Sushi (SUSHI), Yearn Finance (YFI) and Uniswap (UNI) are among the hardest hit. With weekly losses of 51%, 31% and 38% respectively.

The report reads,

“The crypto market has been engulfed in a sea of red this week, with most DeFi blue chips recording double digit losses over the past 7 days.”

However noting that crypto-Twitter has already emphatically explained the death of the whole DeFi project. Santiment claims to have identified whale accumulation activity taking place around several DeFi assets including Synthetix (SNX).

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Santiment also mentioned that the combined price of DeFi assets. At the time they last moved on the MVRV blockchain has decreased. To an all-time low, “indicating undervaluation” at current price levels.

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More like Bitcoin peaked to $20,000 in a rapid climb in 2017 on a speculative aspect, the coin then fell and faced a bearish market for more than 18 months. The same may happen with DeFi. It could drop down to a low point, but then rise up again in a sustainable manner. 

 

Seoul Police Seized South Korean's Crypto Exchange Bithumb for Third Time

Seoul Police Seized South Korean’s Crypto Exchange Bithumb for Third Time

Bithumb, the largest cryptocurrency exchange in South Korea, was reportedly raided for the third time, by Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit.

Police reportedly seized a number of shares in Bithumb Holdings. Despite this, the holdings belongs to Bithumb Korea Director Kim Byung-Geon. In contrast, the seizure action granted by the Seoul Central District Court on September 14.

Hence, the investigation was after it allegedly sold its native BXA tokens for over 30 billion won ($25 million). Although, the sale is based on a former takeover deal with the Bithumb Korea Group. 

As per the Blockchain Transparency Institute (BTI) report, Bithumb was ranked fourth in the world. Furthermore, second in Korea based on the daily trade volume. According to Coingecko, the exchange supports 108 cryptocurrencies and 109 trading pairs. Despite, with a 24-hour trading volume of $235 million, at the time of writing.

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Exchange Ranking By 24-hours Volume (Source: BTI)

At the beginning of September, the trading volume of Bithumb was over 600 million. Currently, the trading volume reduced to 250 million.

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Bithumb Trading Volume 14-Days (Source: Coingecko)

The exchange’s initial raid happened on September 2, and the second raid on September 7. Samjong KPMG, beginning of this month completed a letter of intent (LOI). By the way, explaining that it planned to sell its own stake in Bithumb Holdings.

Likewise, last month South Korean cryptocurrency exchange Coinbit was seized by police. For allegedly making false transactions to obtain 100 billion won ($84m). 

Fisco Sued Binance for Illegal Laundering Over $9M

Fisco Sued Binance for Illegal Laundering Over $9M

Fisco representatives filed a complaint on Binance in the Northern California District Court for the stolen funds from Zaif seeking the return of over $9 million.

In the 2018 hack, Fisco, the Japanese exchange has lost nearly $60 million worth of crypto. This includes some units of Bitcoin (5966), Bitcoin Cash, and Mona coin is Japan’s first native cryptocurrency.

However, the hackers sent 1,451 bitcoin to an address that belongs to Binance. Binance, the world’s largest cryptocurrency exchange. The total bitcoin worth was $9.4 million at that time. Zaif is the name of exchange during the hack.

Fisco explains that Binance uses Amazon Web Services (AWS). AWS is to host the exchange’s servers. It has the ability to select whichever AWS data center for its operations. Since most of the infrastructure is in California the jurisdiction was in Northern California District Court.

The laundering happened due to Binance’s allegedly lax know-your-customer (KYC), and anti-money laundering (AML) protocols. These do not measure up to the industry standards. 

Fisco said,

“Binance failed to implement security measures that were standard throughout the industry.”

Either intentionally or negligently Binance did not stop the transfers. Even though it had the chance to do it. Fisco demands Binance to pay for its loss of the laundered funds. Zaif, and its customers suffered financial losses as a result of Binance’s lack of action.

Similarly, the Financial Action Task Force (FATF) found that Binance has weaker regulation. This has been singled out by them for often moving to avoid stronger regulatory oversight.

Binance has involved in a series of recent class-action lawsuits. One among them was the class-action lawsuit against the exchange was filed in the Southern District of New York. Recently, Binance has also delisted the exchange’s own native token BNB.

Filecoin Space Race Hits 200 PiB and Enters Second Phase

Filecoin started to invite all miners around the world to participate in the second phase of its Space Race contest which helps in preparing its mainnet. 

Based on the feedback from the first phase of the Space Race contest, Filecoin has decided to create the Space Race 2 (SR2) contest. The second Space Race will be available to everyone from September 14 to October 5.

Filecoin (FIL) is a crypto blockchain based decentralized storage network which has been designed to store humanity’s most important information. According to Coinmarketcap data, FIL is at $18.01 with a 24-hour trading volume of $9 million. 

SR2 will give Filecoin an opportunity to continue testing and improve their network scale. It will also be a competition with domain-oriented tracks. These tracks will allow different subsets of the community to test different parts of the network. SR2 consists of two tracks.

The first track is the Orbital Burn. It picks up from where SR1 left off. The second track is called Slingshot, this track is generally for the Filecoin clients, app developers, and tooling developers to position their products to the testnet.

Over the past 3 weeks, miners across the community have been participating in the first Space Race contest to onboard more storage as possible to the Testnet. More than 365 miners from 32 countries across six continents have participated in the first phase.  

Filecoin has earned nearly 200 PiB of storage through a decentralized storage network. It also mentioned that they have created a large distributed storage facility.  

 

Hackers Stolen 1.6M Worth of Crypto from Esterbase

Hackers Stolen $1.6M Worth of Crypto from Eterbase

Eterbase, a European premier digital asset exchange in Slovakia. It has reported that hackers have stolen around 1.6 million from the exchange hot wallet.

In addition, Eterbase is one of the top crypto exchanges providing top-class services to its users. In contrast, as per Coinmarketcap data, the current trading volume is around 2 million.

Unfortunately, there was a hack on the Eterbase exchange for the first time.

Hack Details:

Total Amount Stolen: 1.6 MILLION.

Cryptocurrency Stolen: BITCOIN, ETHEREUM, XRP, TEZOS, ALGORAND, and TRON.

Hot Wallet hack date: 07-08-2020 (Monday-Midnight).

Moreover, the Eterbase team has officially announced, and confirmed the hack on Telegram. Furthermore, the team has mentioned, “Due to ongoing investigation more details cannot be announced currently.”

Official Announcement Telegram Channel of Eterbase

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Screenshot of Eterbase Official Announcement on Telegram Channel

Moreover, the exchange took immediate action after the hack. However, it suspends trading, and also EU trading till September 10.

At last instance, NewsCrypto team tried to reach the exchange to gather information. Regarding their steps in the future. However, the team did not get any response yet from Eterbase exchange.

Source: CoinDesk

Qubittech-Taking a leap towards the Quantum Future.

QubitTech Makes a Leap Into The Quantum Future

Quantum computing is still something the public mostly imagines as a part of a popular sci-fi franchise, yet the benefits, principles, and mass adoption of quantum computing have been discussed in scientific circles for over several decades. It’s a common known fact that technological progress speeds up exponentially, thus we can state in all certainty that it is just a matter of time till all the expertise accumulated in Quantum computing over the years changes many areas of our lives. One of the easiest ways to tell that certain technology is about to start booming is to look at the industry’s estimated value. 2019, the value of the quantum computing industry was estimated at $507.1 million. According to forecasts published by experts, the value of the quantum computing industry may exceed 65 billion $ by 2030, and rocket all the way up to 1 trillion $ by 2035 according to McKinsey consulting company.

The race for Quantum supremacy is already going in full power between such tech giants as IBM, Google and Honeywell, whereas all three rivals seem to be going hand in hand constantly overtaking each other revealing more and more powerful solutions. Latest news flash – North Carolina-based conglomerate Honeywell has raised the stakes in the quantum computing race, announcing that its newest quantum computer has reached a quantum volume of 64—making it twice as powerful as quantum computers operated by rivals IBM and Google. First teased in March this year, Honeywell’s new quantum computer is “twice as powerful as the next alternative in the industry,” the company claims. “That means we are closer to industries leveraging our solutions to solve computational problems that are impractical to solve with traditional computers,” it said in a statement.

‘Like a lightning out of blue sky’ would not be a fair idiom to use here, since those who closely follow what’s new in Quantum computing industry know how rapidly it has been developing lately, yet those who don’t and haven’t got any clue about what all these processing power upgrades mean can be struck indeed, by seeing how it can affect real businesses performance. Not just tomorrow, but already today.

So, speaking of real use cases – apparently, QubitTech company is among the first to gain Quantum supremacy over the competition in its field of asset management services. A very curious synergy between the scientific and business worlds has resulted in truly remarkable products offered by the company, setting new standards way above what we used to consider a great financial product.

QubitTech was founded by a group of independent experts in algorithmic and traditional asset management methods and defines its main mission as to provide the user with an effective way to use cryptocurrency assets based on the use of quantum computing (Company has ‘Qubit’ in its name for a reason, since it stands for a fundamental unit of quantum information). QubitTech CEO Greg Limon, also known as a co-founder and shareholder of the Toronto-based DigiMax Global has a truly remarkable background. Greg conducted two successful IPOs, participated in numerous venture projects (Over 2 billion USD fundraised). Greg’s outstanding sense for the market’s needs, creative and fluid strategic planning allowed to personally fundraise over 300 million USD to successfully kick-off numerous startups that now thrive in the global business arena.

Some of you may wonder where quantum technologies used by QubitTech came from. As previously mentioned, outstanding performance delivered by Qubit Tech is a synergy of combined talents brought by experts who mastered various asset management methods represented by Greg Limon and his business partner Per Lind. They drive the process of finding real use cases for what Quantum Computing industry can bring to the table.

Quantum technologies are able to solve specific problems that are impossible to process using traditional approaches of market data analysis as they think in QubitTech. Technology partners of QubitTech have unique quantum developments that were tested and rolled out using IBM’s technological facilities, unveiled an exclusive set of tools based on machine learning methods, quantum algorithms, and quantum neural networks. These tools and methods are already being used by a number of tech giants including QubitTech.

Quantum neural networks are used by QubitTech to generate quantitative market data, whereas quantum algorithms are used to process quantitative data and significantly reduced the time it takes to process raw data into information accurate enough to be successfully used in asset management operations.
Unchallenged success in the area of machine learning allowed QubitTech algorithmic systems to become more sophisticated in terms of adjustable settings available and therefore gradually improve risk to reward ratio indicators.

Like any other successful company out there, QubitTech divides its operational tasks and supervision responsibilities among competent workgroups. Qubi Tech has developed transparent and fluid communication in its corporate structure, which allows the company not just to set the most ambitious goals but also to successfully achieve them within the designated timeframe. QubitTech seems to fully comply with the definition of a ‘FinTech company’ since besides having its expertise in traditional asset management disciplines, and team members with a strong background in the implementation of risk management guidelines, finance consulting, investment banking, and venture investment, the company also heavily relies on the development of its software solutions to ensure maximum effectiveness of market data analysis and management of algorithmic trading systems through the application of AI, BigData, Machine Learning, and many other newest technologies.

QubitTech offers a well-balanced strategy achieved by smart diversification through algorithmic and traditional methods carried out on Bitfinex and Binance exchange platforms, as well as more traditional ways.

To its users Qubit Tech offers digital licences with average monthly bonus of approximately 25%. The other product of Qubit Tech is trading robots, – ‘trend’ and ‘flat’ systems that can be connected through API to Binance or Bitfinex platforms. Qubit Tech website and representatives claim that these trading systems can deliver up to 7% monthly yield which also looks very promising. It seems like using both ‘trend’ and ‘flat’ robots at the same time would bring the best results, and given its impressive returns demonstrated so far should deliver way above its year licence price.

Cryptocurrency industry is still very young and is still quite far away from what we can call mass-adoption, yet companies like QubitTech seem to be stepping up standards of what cryptocurrency products should look like, and will definitely bring new people into crypto space.

Source: CryptoNews

Disclaimer: This is a paid press release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. TheNewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.