Connect with us


Canadian Purpose Ether ETF Breaches 50,000 ETH




  • Canada-based Purpose Ether has breached 50,000 ETH worth $122.7 million.
  • The company is the first to launch an Ether ETF back in April 2021.
  • Purpose group has also launched the first Bitcoin ETF earlier this year.

Canada-based Purpose Ether ETF has breached 50,000 ETH worth almost $122.7 million in assets under management. This happens at the same time as the currency facing a 50% decline in value from its ATH.

The firm was the first to launch an Ether ETF in April 2021 and in just over a month has reached a major achievement. This hints of strong institutional interest and demand for the second-biggest crypto.

As of now, ETH is trading around $2,400 with a 1% decline over the past day. Big institutional investors taking interest in Ethereum is good news for its fans. It directly translates into a high bull season for the top blockchain. Financial giants such as JP Morgan and Goldman Sachs have even gone as far as to comment that ETH may have the potential to beat Bitcoin as the top crypto.

Purpose Group also took the first spot as Bitcoin ETF launcher earlier this year. In total, it holds over 19K Bitcoin. The Canadian company’s main offering to investors are physically settled Bitcoin contracts held in cold storage by the firm.

Recently many doubts have arisen with regard to Ethereum’s feasibility as a token platform owing to high gas fees and transaction overloads. However, it has still risen in value and demand. Part of this is in anticipation of its Ethereum 2.0 transition, with higher scalability, sustainability, and security.



Palestine Reportedly Working On Its Own Digital Currency

Republished by Plato



Cryptocurrencies are back in the geopolitical scenario. The Palestinian Monetary Authority is reportedly working on issuing a digital currency as a strategy to achieve a higher level of financial independence.

This effort would put Palestine on the same list as other nations like Venezuela, the Marshall Islands, the Bahamas, China, and the latest endeavors of El Salvador, who are interested in the power of the blockchain to improve the efficiency of their financial infraestructure —and gain a little more independence from other economic powers, bypassing their sanctions since we’re there.

A Palestinian Sovereing Digital Coin: Practical Solution Or Political Statement?

Palestine has a rather peculiar political situation, although 138 of the 193 United Nations (UN) recognize it as an independent country, the United States and Israel (two of its mort important political rivals to say the least) do not recognize its existence, and Israel currently excercizes an important militar and even financial control on the region.

Countries that recognize Palestine as a free country (Green) vs Countries that do not (Grey). Image: Wikipedia
Countries that recognize Palestine as a free country (Green) vs Countries that do not (Grey). Image: Wikipedia

And this is where the blockchain comes in as a possible relief valve or perhaps a means of political protest by Palestine agains Israel. Palestine does not have its own currency and instead relies on a mixed economy in which Israeli shekels, Jordanian dinars, and U.S. dollars move in and out.

So, with an economy controlled by a rival third party, it is almost impossible for palestinians to have any financial sovereignty when Israeli banks dictate their movements.


Currently, Israel prohibits banks from conducting large cash transactions. It also imposes limits on the amount of money Palestinians can transfer to Israel each month.

According to a Bloomberg report, this hinders financial transactions between Palestinians and could be one of the most important practical reasons for trying to create a sovereign currency free from Israel’s influence.

As a result, they [the palestinians] sometimes have to borrow to cover foreign exchange payments to third parties and are stuck with a glut of Israeli banknotes. That could be one reason a digital currency would be attractive to the Palestinian monetary system.

Experts Don’t Expect Much

Palestinians might be optimistic, but many experts don’t see much hope for the Palestinian efforts. Among this group is Raja Khalidi, director of the Palestine Economic Policy Research Institute, who believes that it is practically impossible for the Palestinian cryptocurrency to see the light of day.

“The macroeconomic conditions don’t exist to allow a Palestinian currency — digital or otherwise — to exist as a means of exchange.

For his part, Barry Topf, former senior adviser to the Bank of Israel governor, assured that this currency will fail to fulfill two of the main functions of money:

“It’s not going to replace the shekel or the dinar or the dollar. It’s certainly not going to be a store of value or a unit of accounting.”

However, Palestine seems determined to pursue a venture in which it has nothing to lose. Two cryptocurrency studies are currently underway to help experts understand the landscape. In the end, much of its success will depend on the support it receives from other international bodies, and especially from other states.

And this is a matter of discussion for political analysts, not crypto enthusiasts.


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.


Continue Reading


Own the Platform That Lets You Be a Bookmaker of Your Favorite Sports Events

Republished by Plato



Imagine being part of the ownership of top bookmakers such William Hill or Bet365. To most of us, this will remain just that, the stuff of imagination. Well, not for long. Not with blockchain technology – through the newly launched decentralized stakes platform, Chipz – continuing its major disruption in the betting and gambling sector.

Chipz will allow users to become bookmakers for sports events and own part of the platform once it’s completely decentralized.

How will Chipz work

The Chipz ecosystem will run through their ERC-20 utility token, known as CHPZ. The CHPZ token will be used to create the sportsbooks and stake bids on the platform through smart contracts. Besides, all earnings on the staked bets will be deposited to user wallets in CHPZ.

Once a user already has CHPZ in their preferred ERC-20 wallet, Chipz provides multiple avenues to earn more CHPZ on the platform. For starters, you can become a bookmaker, where you create events with various outcomes and allow bidders to stake on their preferred outcome. The stakers will pay you a set fee in CHPZ.

On the other hand, a user can stake their CHPZ on sports and esports events listed on the platform through Chipz oracle explorer. If your staked outcome wins, the smart contract disperses your earnings in CHPZ to your wallet automatically.

Being Part of Chipz Governance

Based on Chipz’s roadmap, the developers’ ultimate goal is for the platform to achieve true decentralization. The CHPZ token will be used as a governance token.  Here, users who bought CHPZ tokens in the early stages of the platform, as well as verified bookmakers, get to be part of Chipz’s platform decision-makers.

As a CHPZ holder, you’ll be allowed to post and vote on the platform’s proposals and future fees. What’s more, verified bookmakers – highly ranked and trusted Chipz users who have earned a reputation of creating trustworthy bidding instances based on Chipz oracle explorer sporting events – will be allowed to create multiple outcomes on virtually anything beyond the oracle’s data.

Hence, the verified bookmakers will be involved in Chipz governance and create events on absolutely anything with an uncertain outcome that bidders can stake on.

Even better, Chipz developers claim that verification of bookmakers doesn’t involve requesting users for KYC. Rather, the platform will attach a user’s wallet address to their bookmaker profile then monitor the profile based on the bidding instances they set. What’s more, bidders will be able to downvote or upvote a bookmaker hence maintaining accountability in the Chipz community.

Where to buy CHPZ today

Early adopters of the Chipz platform – both bidders and bookmakers – will be rewarded with CHPZ tokens once the platform achieves true decentralization.

Luckily for interested investors, Chipz is still on its 1st version; hence holding CHPZ today makes them early adopters. Currently, you can buy the CHPZ tokens on Bounce as a presale investor at $0.03 per token. There are 15,000,000 CHPZ listed for public presale.

You can also wait for CHPZ public listing on Uniswap scheduled at 6 PM UTC on 6th Aug, 2021 and buy the token at $0.05 per token. The platform plans to list 10,000,000 CHPZ on Uniswap.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.


Continue Reading


Kraken Daily Market Report for June 24 2021

Republished by Plato




  • Total spot trading volume at $1.02 billion, the 30-day average is $1.49 billion.
  • Total futures notional at $332.0 million.
  • The top five traded coins were, respectively, Bitcoin (+2.9%), Tether (0%), Ethereum (+1.0%), Cardano (+8.7%), and Dogecoin (+12%).
  • Strong returns from Tron (+14%), Dogecoin (+12%), and Siacoin (+11%).

June 24, 2021 
 $1.02B traded across all markets today

#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset

The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (June 24 2021)

Figure 2: Mid-size trading assets: (measured in USD) (June 24 2021)

###########. Daily Returns. #################################################

Daily Returns %

Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (June 24 2021)

###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.


Continue Reading
Blockchain4 days ago

Legends: The premium NFT minting platform

Uncategorized4 days ago

Origin Protocol Price Prediction 2021 – Will OGN Hit $5 Soon?

Assets2 days ago

Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes

News5 days ago

When is the right time to buy Bitcoin?

Blockchain5 days ago

Indian Police Arrested ”Crypto King” Who Traded Drugs for Bitcoin

Blockchain2 days ago

PayPal and Visa Lead $300M Funding for Blockchain Capital

Blockchain5 days ago

Will Polygon still be necessary after Ethereum 2.0 is live?

Blockchain1 day ago

7 Altcoins That Make You a Billionaire in 2022

News4 days ago

New Bill Aims To Make Paraguay a Global Crypto Hub

News2 days ago

Crypto Trader’s $20 Investment Explodes to $1,184,154,683,482 on Coinbase – But He’s Not Cashing Out

Uncategorized4 days ago

Is $SHIB Better Than $DOGE? And Other Crypto ($BTC, $ETH, $CHZ) News From Paraguay

Blockchain2 days ago

Cardano Founder: Ethereum Will Overtake Bitcoin

News4 days ago

Battlegrounds Mobile India sending your data to a Chinese Server: Report

Blockchain4 days ago

3 Tons of Bitcoin Mining Rigs Will Reportedly Relocate From Guangzhou to Maryland

Blockchain5 days ago

Bitcoin Whales, FX Acquisitions, ETH Options Expiry, XRP: Editor’s Pick

Blockchain2 days ago

Terra Virtua’s Mechagodzilla NFT sold for $33,700 by Blockmuse

Uncategorized5 days ago

Cardano ($ADA) Founder on Fixing Dogecoin and Elon Musk’ Fascination With $DOGE

Blockchain2 days ago

MATIC, USDT, BAL, WBTC + 3 more cryptocurrencies now available for trading on CoinJar

Blockchain2 days ago

Despite the Bounce: Bitcoin Might Still Retest $24K as Final Leg Down

Blockchain5 days ago

Every quad witching, this Chainlink price trend can be observed