Connect with us

Featured

Figment introduces V2 of crypto staking dashboard for advanced portfolio management

Avatar

Published

on

Figment Networks, a blockchain infrastructure & services provider, recently announced the launch of its Figment Prime V2 Staking Dashboard. Now live, the upgraded dashboard allows users to track their staking portfolio, validator performance, stay informed on network events & governance proposals, plus keep their earnings organized with exportable rewards reporting files.

As an all-in-one platform, Figment makes it better to manage staking portfolios with the right tools, reporting, and high-quality customer service. Figment Prime and Figment’s proprietary staking dashboard do not take custody of assets, leaving users in full control of their investments.

Prime Staking Dashboard

The Prime Staking Dashboard is a premium solution for large individual investors, institutions, hedge funds, and family offices investing in Proof of Stake assets. The staking dashboard allows users to:

  • Track their portfolio across multiple networks
  • Observe validator performance
  • Stay informed on network events & governance proposals
  • Export rewards reporting files
  • Manage multiple addresses on a single network

The V2 Dashboard now supports Cosmos (ATOM), Oasis (ROSE), and Polkadot (DOT). Soon, support will be added for Terra (LUNA), Kava (KAVA), Livepeer (LPT), NEAR (NEAR), Celo (CELO), and more.

More than a Dashboard

Figment Prime is more than a dashboard. The Prime service uniquely caters to the needs of large individual investors, institutions, hedge funds, and family offices that are looking for a more hands-on experience from a high-quality team. Figment Prime wholly includes:

  • Staking dashboard
  • Industry-leading SLAs
  • Slashing insurance (on select networks)
  • Network updates & governance Advisory
  • Exclusive research/diligence reports including reward/slashing models
  • Monthly analyst calls and email/Telegram updates
  • 24/7 support
  • Custody solutions via institutional partners

“Simply put, Figment Prime allows you to reap all the benefits of network participation without needing to worry about doing it alone. Our Staking Dashboard and full-service Figment Prime offering is available to all token holders currently staking or planning to stake at least $250,000 of an individual asset with Figment.”
– The Figment Team

Source: figment.io

Source: https://www.cryptoninjas.net/2021/06/02/figment-introduces-v2-of-crypto-staking-dashboard-for-advanced-portfolio-management/

Featured

Microstrategy And Michael Saylor Could Be The Biggest Risk For BTC

Avatar

Published

on

By

ADVERTISEMENT

Microstrategy and Michael Saylor could be the biggest risk for Bitcoin while its price is in a precarious position after the major selloff that happened on the market. All whole this happened, the CEO of the company still continued with his BTC purchase and added to the corporation’s sizeable position but what can this mean for the number one cryptocurrency? We find out in our latest bitcoin news.

While there are a lot of market participants that are cheering the decisions of Saylor every time he tries to buy some more BTC, the more the company holds there is a risk that it will bring to the first crypto and its network, and here’s why. At the expense of going against the popular opinion today and the risk that comes along with it, there is a need to call more attention that is created for bitcoin thanks to Michael Saylor.

The entire point of BTC was so that no third party or another actor could influence the network of money itself because even the creator of the coin, disappeared from existence because of this reason. The emergence of figureheads in the crypto space is new with the likes of Elon Musk coming out of nowhere and commanding masses of crypto holders as they listen. Dogecoin surged like Musk said but then came crashing down to reality and now there’s almost nothing to be done.

ADVERTISEMENT

The impact of Musk cannot be understated because Tesla has nowhere near the position as Microstrategy because the company turned from a software solutions company to a crypto-exposure asset and it did well for its MSTR shares for now. Because Saylor kept on loading up on BTC over the past year, he is now at a loss on his purchase price and because he keeps adding more, he could become a target to whales who want to force the corporation to liquidate its positions.

btcusd
A satirical take on all the times Saylor stacked more BTC Source BTCUSD on TradingView.com

Saylor stayed quite strong while Musk had a great time so the man still gets credit for his commitment to the crypto and its adoption. He is also a great guy and is spending time talking to people online about crypto and promoting more education and advocacy across the world. The problem is his lack of risk aversion that can lead to him and his company becoming a target. Because Musk turned also, there’s an example of the damage that can be done when it happens on record. So if Saylor is forced to sell, and turn his back on BTC how bad could things get?

Microstrategy and Michael Saylor could even be in the center of centralization because having that many coins in one man’s hands can have dangerous implications even with the best intentions.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/bitcoin-news/microstrategy-and-michael-saylor-could-be-the-biggest-risk-for-btc/

Continue Reading

Blockchain

Cardano Founder Predicts That Ethereum Will Overtake Bitcoin

Republished by Plato

Published

on

ADVERTISEMENT

Cardano founder predicts that Ethereum will overtake Bitcoin as a quick victory over the dominant and number one cryptocurrency so let’s read more in our latest bitcoin news today.

Charles Hoskinson talked about crypto and why he thinks Ethereum is poised to overtake BTC in the near future. He started out by talking about the speed of BTC transactions and pointed to the sluggish character of the network and how slow it is compared to other proof of stake networks. Focusing on ETH, in particular, he said that the coin outperformed BTC in many ways as ETH gained popularity over the years as digital currencies became popular. It is now the second biggest coin behind BTC with lots of investors pouring their money into it. Believing that the coin is set to be greater than Bitcoin, the Cardano founder predicts that that could happen in the near future.

Ethereum’s London Hard Fork, eth, eip-1559

One of the ways that Hoskinson said ETH is better than BTC was the development culture associated with it. A good evolution was one of the main advantages he referred to amongst others. The faults found in Ethereum are flexible compared to Bitcoin because there are no issues that are locked into the network which is what makes development in the blockchain so flexible. Ethereum 2.0 is a clear example of this as the development was in the pipeline for a while. It is meant to replace the current network and by doing so, it will solve the bottlenecks that come with using the network and will also make it cheaper to send coins in high traffic times.

ADVERTISEMENT

The upgrade is going to help with security and scalability and will make the entire network more secure. This is also being developed by the teams across the entire ETH Ecosystem. Hoskinson even called out BTC for being his own worst enemy. He said that Bitcoin is riddled with network effects but pointed out that there was no way to change the system which means that improvements are not possible for Bitcoin. This makes fixing the obvious flaws associated with BTC impossible.

BTC Continues To Drop , price, bitcoin, level, resistance

The high network fees associated with sending BTC were a debated issue in the crypto space which was meant to be solved with lightning technology. But even with the new technology, the high network fees are still the norm. That is not to say that ETH doesn’t have the problem of high network fees in the high traffic times but compared to BTC it remains a better alternative. Cardano beats both in this regard which is why the coin is using only a penny or two to send out on the network.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.dcforecasts.com/cardano-news/cardano-founder-predicts-that-ethereum-will-overtake-bitcoin/

Continue Reading

Featured

South Korean Authorities Seized $47M From Crypto Tax Evaders

Avatar

Published

on

By

ADVERTISEMENT

South Korean authorities seized $47 million from crypto tax evaders as 12,000 people in the country had their cryptocurrneices confiscated so let’s read more in our latest cryptocurrency news today.

Officials in the South Korean province of Gyeonggi seized $47 million in crypto from tax evaders and now the exchanges in the country started delisting the coins ahead of the new regulations that are coming into force. The South Korean authorities seized $47 million in crypto after performing one of the largest tax seizures in the country. The long investigation led to the confiscation of $47 million in ETH, BTC, and other cryptos as per the Financial times so officials called the event the biggest crypto seizure for back taxes in Korean history.

bitcoin investors have, tax, file, IRS, BTC

Gyeonggi is the most popular province in South Korea and it includes Seoul as well. The officials seized funds from 12,000 tax evaders by connecting their activity on crypto exchanges with their phone numbers. The investigators parse through the data manually because most exchanges didn’t collect formal identification of the account holders and it is unclear which exchanges were investigated. However, the exchanges’ lack of formal KYC identification was one of the key drivers behind South Korea’s regulatory crackdown. The National Assembly of South Korea passed a new law demanding the local exchanges to comply with AML and terrorist financing guidelines from the Financial Action Task Force. The crypto exchanges had to earn approval from the Financial Services Commission as well and the Korean Internet and Security Agency before September 24, 2021.

ADVERTISEMENT

The law included new requirements for identifying the users as well as the clarity on which the assets can be listed. If the project’s coin had low volume, the inactive development or the missing clear channel of communication with the team will be a subject to delisting. Upbit one of the big four exchanges in South Korea already started delisting a few coins and the platform was one of the firsts to earn the license and to continue operating in South Korea.

South Korea Starts, cbdc, bank, crypto

As for the much smaller exchanges, compliance has been difficult which is because the platforms have to partner with the bank to earn a license. Banks however are most of the time reluctant to associate with crypto exchanges and create what one operator called a “existential crisis.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/altcoin-news/south-korean-authorities-seized-47m-from-crypto-tax-evaders/

Continue Reading
Uncategorized5 days ago

Sichuan Shutdown Order Cripples Chinese Bitcoin Mining Pools

Blockchain4 days ago

Coin Cloud Set to Operate 2000 Crypto Kiosks This Year

Blockchain4 days ago

What governments don’t realize is going to happen with Bitcoin

5 days ago

Alinity talks ASMR meta, Amouranth and indiefoxx Twitch bans

Blockchain5 days ago

Tezos, Algorand, Zcash Price Analysis: 19 June

Blockchain5 days ago

Top DeepMind AI Products Revolutionizing The World

Blockchain3 days ago

Legends: The premium NFT minting platform

Blockchain4 days ago

Sichuan province in China asks crypto miners to shut down operations

Blockchain4 days ago

Banks Afraid Of the Risks Associated With Crypto Assets Call for Regulation

Uncategorized4 days ago

Crypto Analyst Predicts Bitcoin Price Will Reach ‘$150,000 by December 15th, 2021’

Uncategorized3 days ago

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

Uncategorized4 days ago

Major Media Wants In: CNN and Fox Are Entering NFTs

Uncategorized5 days ago

Saylor Compares BTC to Early Apple: ‘No One Can Stop, and Few Understand’

Blockchain4 days ago

Hot Wheels finally launches its own NFT

Blockchain5 days ago

Alibaba Joins China’s Crypto Crackdown, Issues Warning Against Mining

Blockchain4 days ago

Kraken Daily Market Report for June 19 2021

Assets1 day ago

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

Blockchain4 days ago

UK Bank Bans Crypto Purchases From Binance and Kraken, Reports

Blockchain4 days ago

Can Ethereum Classic bounce back from this strong support zone?

Blockchain4 days ago

What you should know about the impact of Ethereum’s scalability

Trending