The official resource for ERC-6900, www.erc6900.io, has been launched, co-authored by the Ethereum Foundation, Alchemy, Circle, and Quantstamp. The website is a comprehensive guide to ERC-6900, a groundbreaking proposal that standardizes interfaces for composable smart accounts. The core idea behind ERC-6900 is to foster permissionless innovation by making it easier for developers to build secure, […]
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RockTree Capital Unveils Cyberpunk Crypto Future In New Website
PRESS RELEASE. Beijing, China – May 16th, 2024. RockTree Capital, a leading crypto-native fund and merchant bank headquartered in Beijing, announces the launch of its immersive website, showcasing a futuristic film-noir concept: the Cyberpunk Crypto City. The website’s cutting-edge interactive cityscape represents RockTree’s vision where Web3 has become pervasive, fusing technology, finance, and culture. The […]
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Crypto Prediction Website Reveals When The Cardano Price Will Reach $45
Crypto prediction website Telegaon has provided insights into when Cardano (ADA) will hit . A rise to that price level represents an 8.900% price gain from its current price level, which will appeal to ADA holders, especially given the crypto token’s recent unimpressive price action.
When Cardano Will Rise To
Telegaon predicted in a blog post that Cardano will reach by 2050. They highlighted .87 as the maximum price the crypto token will likely attain that year. Meanwhile, .12 and .41 are predicted to be ADA’s minimum and average prices that year. The prediction site claims that Cardano’s parabolic rise will occur due to several factors.
These factors include “trading volume, market trends, investor sentiment, technological developments, and external influences.” It is worth noting that the Cardano has performed incredibly well in terms of technological advancements as the network has continued to rank among the top blockchains by development activity.
This factor is expected to play a massive role in Cardano’s attainment of this price prediction, especially considering that the crypto projects likely to survive until 2050 are the ones that can adapt and progress with the times. Cardano has shown such quality, seeing how the team has continued to build actively, especially with the implementation of the network’s smart contract functionality.
Meanwhile, Telegaon also outlined its price predictions for Cardano in the years leading up to 2050. In the short term, they do not seem bullish on Cardano as they predict that the highest price the crypto token could rise to this year is .15. Based on their prediction, Cardano will likely surpass its all-time high (ATH) of .10 in 2025, as they predict that .14 is the maximum price the crypto token will hit next year.
More Bullish Price Predictions For ADA This Year
Last year, Dan Gambardello, the founder of Crypto Capital Venture, suggested that Cardano could rise to as high as this year. Specifically, he mentioned that the crypto token will rise to this level when the bull run returns after the Bitcoin halving. With the halving already taking place, Cardano could be primed for such a run.
Crypto expert Jason Appleton made a more bullish prediction, stating that Cardano would rise to in this bull market. Appleton added that this price level is attainable in the “most prime of conditions by the peak of this bull market cycle.” The crypto expert claimed that this parabolic rise would make Cardano one of the most valuable altcoins during this cycle.
At the time of writing, Cardano is trading at around .44, up over 4% in the last 24 hours according to data from CoinMarketCap.
VanEck Announces Massive $72 Million Bitcoin ETF Seeding As Two Tickers Appear On DTCC Website
As the US SEC prepares to make its final decision regarding Spot Bitcoin ETF approvals, the Depository Trust and Clearing Corporation (DTCC) has officially listed the Spot ETFs tickers from investment management firm, VanEck.
VanEck’s Spot ETF Ticker Listed on DTCC
American investment management firm VanEck’s Spot Bitcoin ETF has recently appeared on the active and pre-launch list of the DTCC. VanEck’s ETF can be identified by the ticker ‘HODL’ on the DTCC’s official platform.
This move positions VanEck as a key player in the evolving landscape of Spot ETF investments. Additionally, the listing is seen as a crucial step towards integrating Spot Bitcoin ETFs into the mainstream financial sector if the United States Securities and Exchange Commission (SEC) decides to approve Spot Bitcoin ETFs.
Alongside VanEck, WisdomTree’s Spot Bitcoin ETF ticker, ‘BTCW’ has also been officially listed on the DTCC website. The investment management firm previously submitted its Spot BTC ETF application to the US SEC in June 2023. However, the regulator has consistently delayed approval of WisdomTree’s Spot Bitcoin ETF application.
The US SEC has also delayed 13 Spot Bitcoin ETF applications from prominent companies such as BlackRock, ARK Invest, Grayscale, and others. The regulatory agency faces a deadline of January 10, to either accept or reject these Spot Bitcoin ETF applications.
Although there is a possibility for the SEC to decline Spot BTC ETFs several experts, including Bloomberg analysts, James Seyffart and Eric Balchunas have revealed a 90% chance of the regulator approving Spot BTC ETFs in January.
VanEck Reveals Million Bitcoin ETF Seed Fund
On Monday, January 8, VanEck submitted an amended Spot Bitcoin ETF S-1 filing to the SEC. In its filing, VanEck disclosed that the financial company had purchased 1,640.92489329 BTC worth .5 million on January 5, to support its Spot ETF.
The substantial seeding will provide a solid foundation for VanEck’s Spot Bitcoin ETF, potentially paving the way for increased participation by institutional investors.
In addition to VanEck’s Seed Creation Baskets, major asset management companies in the Spot Bitcoin ETF race like BlackRock, Bitwise, and Fidelity have announced their various seed funds.
Bitwise revealed a 0 million seed fund made by Pantera Capital to support its Spot BTC ETF. The asset management company has also put forward 0,000 to fund its proposed Spot BTC ETF.
Meanwhile, BlackRock and Fidelity have announced plans to seed their Spot Bitcoin ETFs with million and million respectively. BlackRock previously submitted an amended S-1 filing to the SEC in December, revealing a 227.9 BTC purchase to seed its Spot ETF by January 3.
Coinbase Website Blocked in Kazakhstan Amidst Crypto Securities Law Enforcement
Regional reports from Kazakhstan indicate that Coinbase, one of the largest crypto exchanges globally, has been blocked as it reportedly “violates paragraph 5 of Article 11 of the Digital Assets Law of the Republic of Kazakhstan.” Essentially, the clause is a policy on the issuance and sale of unregistered crypto securities, according to Kazakhstan’s Ministry of Culture and Information.
Coinbase, NYMEX Hit by Website Bans as Kazakhstan’s Regulatory Nets Tighten
The Coinbase website is reportedly blocked in Kazakhstan, according to a local report from Kursiv News. In addition to Coinbase, websites tied to the New York Mercantile Exchange (NYMEX) and Interactive Brokers were also banned. The Kazakhstan government said they did this because these websites were allegedly not complying with clause 5 of Article 11 of the Law on “Digital Assets.”
Kazakhstan’s Ministry of Culture and Information stated:
The Information Committee of the Ministry of Culture and Information received a request from the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan asking to block the internet resource www.coinbase.com, which violates paragraph 5 of article 11 of the Law of the Republic of Kazakhstan on ‘Digital Assets’ in the Republic of Kazakhstan.
The government of Kazakhstan, along with its National Bank, has set restrictions on certain financial web platforms, with an exception carved out for the Astana International Financial Center zone (AIFC). According to a report by Kursiv News, the ban on the NYMEX site ensued because it facilitates futures trading in the cryptocurrency assets bitcoin and ethereum, activities that fall beyond the AIFC’s regulatory domain.
In Kazakhstan, bitcoin mining operations are also facing challenges, prompting licensed operators to appeal to the authorities for a revision of the taxation policies affecting their sector. Representatives from some of the “largest representatives of the industry” have indicated that the current tax environment may force them to cease their activities within the Central Asian nation, which also extends into Europe.
What do you think about Coinbase being blocked in Kazakhstan? Share your thoughts and opinions about this subject in the comments section below.
FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers
FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to customary know-your-customer and anti-money-laundering checks.”
FTX’s European Arm Opens Withdrawals to Customers
According to a press release published on Friday, another division of FTX will allow withdrawals. FTX’s European subsidiary, FTX EU, has begun the process of returning segregated funds to customers in compliance with Cyprus law. The subsidiary was announced in March 2022. “We will interact with regulators in various European countries to maintain a safe and secure environment for cryptocurrency trading,” said Sam Bankman-Fried, then-CEO of the firm, at the time.
FTX EU’s announcement of allowing withdrawals comes after FTX Japan announced its plan to open withdrawals in mid-February 2023. Regarding the European subsidiary, the company stated that it would provide customers with a statement of their entitled fiat currency fund balances in compliance with Cyprus law. FTX EU was forced to return customer funds following the suspension of the company’s license by the Cyprus Securities and Exchange Commission.
Only FTX EU clients who registered an account after March 2022 are eligible for withdrawals, and some business partners will not be included. Additionally, customers must undergo formal know-your-customer (KYC) and anti-money-laundering (AML) verifications. “A customer’s withdrawal may be delayed if bank or other account details have not been sufficiently verified,” the firm stated. FTX EU also indicated that it had emailed FTX EU clients regarding the withdrawal process.
“Each FTX EU LTD customer will be entitled to withdraw their balance (in fiat currency) segregated in designated customer accounts,” the announcement explains. The new website requires users to reset their existing passwords and generate new ones for the withdrawal site. FTX EU’s website is also authorized and regulated by the Cyprus Securities and Exchange Commission.
What are your thoughts about FTX EU opening withdrawals to customers? Let us know in the comments section below.
Start Accepting Cryptocurrency Payments on Your Website with ALFAcoins
ALFAcoins is a cryptocurrency processing service that offers merchants the option to receive payments on their websites via cryptocurrencies. It offers customers the option to receive payments in six top cryptocurrencies. Supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DSH), Bitcoin Cash (BCH), and Ripple (XRP).
Cryptoprocessing provides industries like igaming, gambling, e-sports, and betting a trustless alternative to current payment providers, who charge higher fees due to these industries being considered “high-risk.”
With cryptoprocessing, users are guaranteed a swift and more efficient payment method. While simultaneously providing their users the anonymity which is often desired in these industries.
Using ALFAcoins gives merchants the opportunity to manage things like their business statistics, payouts, and auto-withdrawal all in the same place. Merchants can see all of the stats for income, revenue, sales, dynamics, and selected payment methods when they use ALFAcoins.
Clients and employees can also be paid in cryptocurrencies using ALFAcoins and they can transfer cryptocurrencies to their wallets for no additional fee. Auto-withdrawals can be scheduled by the amount and the frequency can vary from daily, monthly, quarterly, to annual.
ALFAcoins Wallet And Merchant Services
ALFAcoins provides services for both individuals and merchants alike. Its transparent fee structure ensures that users know exactly what they are signing up for when they create a wallet. There are no hidden fees or charges associated with the service.
Users can choose to just operate a wallet with ALFAcoins and this carries zero deposit fees for crypto deposits and internal transfers.
Merchants can integrate ALFAcoins on their websites to enable them to receive crypto payments using APIs and IPNs, a simple payment button, or WordPress Shopping Cart plugins.
Payments on merchants’ websites attract a 0.99% fee, which can either be charged to the customer or paid by the merchant.
ALFAcoins provides safe transactions for users. There are no chargebacks or fraud, and volatility risks are mitigated by having exchange rates for all accepted cryptocurrencies fixed for 15 minutes following the creation of an invoice.
About ALFAcoins
The cryptoprocessing company was initially founded in 2013 as a Bitcoin payments processor, but it has since grown beyond just providing Bitcoin processing services. ALFAcoins has grown throughout the years to become a tested and trusted provider of cryptoprocessing services to merchants no matter what industry they are in.
ALFAcoins provides individuals and merchants a multi-functional, modern, and secure electronic payments system that is easy to use.
Getting Started
One look at the ALFAcoins website shows a simple and intuitive interface for users. Users can create and start using their accounts on ALFAcoins in one minute.
With competitive market conversion rates, users can be sure to get the best deal on their cryptocurrency conversions.
The multi-currency online wallet also provides secure storage for cryptocurrencies. And accounts are protected by Two-Factor Authentication, which is required to log into accounts.
In addition to accepting crypto payments, ALFAcoins also facilitates receiving cryptocurrency donations everywhere. Users can make crypto donations to organizations or causes they align with.
Donations usually carry a 0.5% fee, but users can contact ALFAcoins to get on a zero-fee plan when donating to charities or nonprofits.
ALFAcoins is currently available as a SaaS software and training is provided via documentation. The mission of ALFAcoins is a simple one; to make cryptocurrency payments easy and safe for every business.
Blast From The Past: Atari Crypto Token To Debut On Bitcoin Website
In February 2018 before the crypto bear market truly took hold over Bitcoin and other assets, companies that had little to do with blockchain began announcing tokens of their own, many that never came to fruition. Atari token, however, will be one of the rare few announced back then that will eventually power on and press play.
But before that happens, we’re taking a look back at Atari’s impact on the video game industry, and if this token launch could bring innovation to it much like the original technology did decades ago.
Atari Token To Launch In Two Weeks On Bitcoin.com After Two-Year Hiatus
At peak crypto hype, dozens of companies decided to flip a coin and try their luck at riding the cryptocurrency bandwagon of late 2017 and early 2018.
As if more evidence that a bubble was indeed ready to burst, companies like Long Island Iced Tea, Kodak, and Atari, all announced a shift toward blockchain, and a business rebranding that may or may not have included a crypto token launch.
Related Reading | Remembering The Kodak Crypto ICO As Stock Prices Soar
In February of that year, Atari announced its Atari Token in hopes of revitalizing the aging brand now dominated by PlayStation, Nintendo, and Xbox. The token will be used for in-game content, betting, and more, and hopes to eventually build a tokenized video game ecosystem.
The token launch, some two and a half years later, will happen on Bitcoin.com on October 29, 2020. Atari will be launching the token at .25 each with a hard cap on the presale of million.
How Video Games And Crypto Coins Go Together Like Player One & Two
The original Atari paved the way for the titans of the video game world today, like Sony and Nintendo. While Sony is ready to launch its PS5, Microsoft readies its next Xbox console, and Nintendo continues to enjoy success with the Switch, Atari has made a significant reset.
Atari was the first innovator to make the video game industry what it is today. Could it perhaps do the same for combining the crypto industry, with video games?
Related Reading | M Fortnite Tourney Bodes Well For Future of Bitcoin & Crypto: Analyst
Video games are a natural fit for gamers, who have spent years dealing with virtual currencies and doing their all to collect coin after coin.
Fortnite is a great example of a game that has a thriving in-game economy and downloadable content that could be tokenized through smart-contracts. All that has been missing, is a way to bridge the gap between the two vastly similar all-digital worlds.
If Atari can do it, they may have solved the puzzle to creating a video game ecosystem that’s tokenized and gives users rights and ownership, and begin a new era of video game collections, built on top of Atari chain.
Featured image from Deposit Photos, Charts from TradingView.com
Website Stats For Binance and CoinMarketCap Show Crypto Mainstream Adoption is Booming
In the long push for mainstream acceptance, crypto scores another win with data that shows both Binance and CoinmarketCap rising on Similarweb’s list of top-ranking investment websites.
.@Binance and @CoinMarketCap up to number 22 and 23 biggest websites in Finance, Investing. @Blockchain is number 44.
Monthly Website Visits:https://t.co/W2RqgwxEvV – 26.1 million https://t.co/37uBPjQjH1 – 32.8 million https://t.co/kL7rbv8hFK – 9.4 million pic.twitter.com/1I27Fe2WTQ
— Nawaz Sulemanji (@Coinsmash_) June 7, 2020
Crypto is Encroaching on Mainstream
London-based Similarweb is a data analysis firm that gathers market intelligence for the purpose of tracking and growing internet share.
The company looks at 80 million websites across 240 categories in over 60 countries. Current information from the investing category shows that crypto firms Binance and CoinmarketCap are making their mark on mainstream finance.
Binance is currently placed 22nd, having risen two places. While CoinmarketCap is ranked 23rd and is up four places.
Source: similarweb.com
Not only that, but the list of investing websites also includes firms that, although not fully crypto, do still dabble in it.
This includes trading platform, eToro who offers crypto trading alongside traditional stocks and commodities trading. As well as long-established trading firm, IG, who ranks 39th on the list, and like eToro, also covers the full market range.
With all of this in mind, it’s fair to say that cryptocurrency is beginning to incorporate itself more fully into the world of mainstream financial investing.
Crypto, as an investment class, is not recognized as legitimate by the mainstream, but the data from Similarweb shows changing sentiment.
Why Does the General Public Remain Largely Cautious of Crypto?
Even now, some eleven years after the launch of Bitcoin, crypto remains a divisive topic. Associations with fraud, terrorism, scams, and extreme volatility, which when coupled with a generally hostile press, have worked to defile the reputation of crypto in the eyes of the public.
Source: twitter.com
What’s more, add to the mix a complex and technical onboarding process, enough to put off many noobies, and crypto presents itself as a daunting process.
Alon Muroch, CEO of Biox, a crypto asset tracking, and accounting software, states the complexity of the onboarding process presents a challenge for some people, especially those who aren’t tech-savvy.
As well as that, in terms of winning hearts and minds, Muroch also raises the point that the general public simply isn’t ready for the responsibility of keeping safe.
“I find that the average person simply doesn’t want to deal with the responsibility of private keys when simpler, more accessible vehicles are available.”
The Pandemic Situation is Forcing Fundamental Change
As tragic as the pandemic situation is, one silver lining to it all is the obligation to change that has been forced upon us all.
Justin EH Smith, a professor of History and Philosophy at the University of Paris observed that the situation has triggered many to reconsider ingrained ways of thinking.
“Any fashion, sensibility, ideology, set of priorities, worldview or hobby that you acquired prior to March 2020, and that may have by then started to seem to you cumbersome, dull, inauthentic, a drag: you are no longer beholden to it.”
In the case of the no-coiner general public, who were once comfortable with the status quo, the events of the past few months have shown stock markets are not the economy, and that the fiat system is a fraud.
After all, if infinite money printing is the answer then it must follow that fiat money is not as scarce as we have been led to believe.
With that, it’s no surprise that Binance and CoinMarketCap have both gained ground as legitimate firms in the eyes of the general public. And considering the way things are going, it won’t be shocking to see them rise higher in the rankings over time.
Featured Image from Shutterstock
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