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Labs Group Received Strategic Investment from YBB Foundation to Expand

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HONG KONG, Jan. 13, 2021  — LABS Group, the first world’s end to end real estate ecosystem platform provider, has announced today they have received a strategic investment from YBB Foundation, a renowned venture capital firm focusing on blockchain infrastructure.

YBB foundation is a venture capital firm that was founded in 2013. They have a strong proven track record in their investment portfolio, investing in blockchain projects from Vechain, Block.one, Enjin to the latest overwhelmingly popular projects such as Polkadot and RioDefi. It invests significant time and resources in the portfolio companies, providing relationships, and a strategic network to accelerate value creation.

YBB Foundation sees a huge potential in LABS Group as a game-changer in the real estate market, the world’s largest asset class with a value worth more than $228 Trillion.

“We can see that blockchain in real estate is only the beginning. There is a significant upside potential where Labs can tap into. Given the unique combination of real estate and blockchain expertise in LABS team, we are fully convinced to make this investment,” said a representative of YBB Foundation.

“We’re honored to be recognized as a trust-worthy pioneer in the digitized real estate market where LABS Group provides disruptive solutions such as fractionalization, crowdfunding, and security exchange. Now backed by YBB Foundation, we are happy to have them on board as our long term partner. LABS will be achieving a lot through their expertise, network, and advice,” said LABS Group CEO Yuen Wong.

LABS Group, kick-started in 2018, allows traditional property assets to be fragmented, crowd-funded and traded through blockchain technology, disrupting the way people invest in real estate.

LABS has gained strategic partnership in the blockchain and real estate space around the world, covering America, Europe, Greater China Region, Middle East, etc. For now, LABS has received a strategic investment from some top property fund companies. LABS Chairman is a member of the Harilela family, one of the most prominent families in Hong Kong. In addition, LABS Group recently announced its partnership with RioDefi, a top blockchain technology company that developed RioChain.

The LABS team and advisors consist of a perfect combination of traditional business and blockchain experts, coming from prominent HK families, real estate funds, hotels, publicly listed companies, lawyers, venture capital, blockchain and board members from multiple fortune 500 companies.

About LABS

LABS is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.

LABS uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.

Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure, and more liquid. For more information on LABS, feel free to find us on https://labsgroup.io.

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Source: https://e-cryptonews.com/labs-group-received-strategic-investment-from-ybb-foundation-to-expand/

Blockchain

ETH Developers Calculated How To Defuse The Difficulty Bomb

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ETH developers calculated how to defuse the difficulty bomb because if they leave it untreated, they will slow down the network as we can see more in our Ethereum news today.

Ethereum’s encoded difficulty bomb is set to explode this summer and James Hancock as well as Tim beiko said that the ETH developers calculated the time needed to delay the bomb and this could the last time the developers need to take that action. Ethereum developers agreed on Friday how to delay the difficulty bomb ad if that is left untreated, the entire network could be slowed down. The difficulty bomb is an old piece of code that makes mining on ETH slower and less profitable over time by increasing the lag between the production of blocks.

Ethereum 2.0 switches the network from proof of work as a way of validating transactions with powerful mining computers to Proo of Stake which rewards the ones that pledge the coins to the network. It takes an average of 13 seconds to mine a block on ETH right now and without delaying the bomb, it could take more than 20 seconds to validate the block by the end of the year. Ethereum developers agreed on how many blocks were quite necessary to delay the bomb until December. The calculation for the delay was proposed by the ETH core developers James Hancock as he said:

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“The bomb’s always there, and we defuse it by turning the blocktime back just for the bomb.”

block time
The block time chart on Etherscan. Annotated by James Hancock for Decrypt.

He later said that the proposal will delay the bomb by 9,700,000 blocks. Tim Beiko, the ETH core developer also said that the developers dismissed a proposal to delay the bomb next spring but that won’t be necessary. The developers expected that by December, the network will update to allow the ETH 1.0 the network that relies on PoW to communicate with ETH 2.0 as the new network relies on PoS and this is known as the Merge:

“If the Merge is ready by December, we won’t need to do anything about the bomb because we will move away from mining entirely.”

If the merge plans remain unimplemented, the Shanghai fork is expected to go live and will delay the bomb once again. The Bomb has been delayed three times so far.

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/ethereum-news/eth-developers-calculated-how-to-defuse-the-difficulty-bomb/

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Blockchain

VeChain price prediction: VeChain prepares to move higher?

TL;DR Breakdown VET retests 0.618 Fib retracement level. Closest major resistance at $0.22. Closest support at $0.16. Today’s VeChain price prediction is bullish as the market continues setting higher lows over the past days in preparation for a push to the upside next week.  The overall market trades in the red today as Bitcoin has […]

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TL;DR Breakdown

  • VET retests 0.618 Fib retracement level.
  • Closest major resistance at $0.22.
  • Closest support at $0.16.

Today’s VeChain price prediction is bullish as the market continues setting higher lows over the past days in preparation for a push to the upside next week. 

VeChain price prediction: VeChain prepares to move higher? 1
Cryptocurrency heat map. Source: Coin360

The overall market trades in the red today as Bitcoin has lost almost 2 percent, while Ethereum trades with a 5 percent loss. Solana (SOL) is one of the best performers as it trades with a gain of 15 percent. Alternatively, Polkadot (DOT) is among the worst performers, with a loss of almost 9 percent over the last 24 hours.

VET/USD opened at $0.172 today after a bearish push yesterday. Over the past hours, VET/USD retested the local high at $0.19, from which the market moved lower once again and currently looks to set another higher low.

VeChain price movement in the last 24 hours

The VET/USD price moved in a range of $0.1701 – $0.1925, indicating a moderate amount of volatility. 24 hour trading volume has increased by 9.5 percent, totaling $1.7 billion. The total market cap trades around $15.5 billion, resulting in a market rank of 17th.

VET/USD 4-hour chart – VET consolidates in an increasingly tighter range over the past days

On the 4-hour chart, we can see bulls picking up any further selling pressure around the $0.175 mark, indicating that another slightly higher low will be set.

VeChain price prediction: VeChain prepares to move higher?
VET/USD 4-hour chart. Source: TradingView

Overall the market continues retracing from the $0.25 swing high set on the 7th of May. A total loss of 35 percent was seen over several days, indicating that further selling pressure is likely exhausted.

Currently, the VeChain price action builds a base from which to move higher over the next week. Both a higher low and a lower high were established over the past 24 hours, indicating an increasingly tighter range. Therefore, once VET/USD breaks above the $0.19-$0.195 mark, we expect the market to rapidly move forwards to the next major resistance target around $0.215 – $0.22. From there, bulls will likely pick up momentum and push the market towards the current all-time high resistance around $0.27-$0.28.

Alternatively, Vechain cannot move any higher and breaks below the current local swing lows around $0.17, we should see another push lower over the next 24 hours. In this scenario, VET/USD will likely continue moving lower next week towards the next major support area around $0.12-$0.13.

VeChain Price Prediction: Conclusion 

VeChain price prediction is bullish as the market continues to consolidate in an increasingly tighter range after a sharp drop earlier this week. Therefore, we expect VET/USD to push higher early next week to regain some of the loss.

While waiting for the Vechain price action to reverse, read our guides on other great altcoins – Monero, Ethereum Classic, and Ripple.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/vechain-price-prediction-2021-05-16/

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Blockchain

XRP, HBAR, BCH, EOS, ZEC, ETH and LTC: when you’re looking to buy the dip, which of these alts make the cut?

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‘The rise of Altseason’ and decline in Bitcoin dominance are inter-linked factors. What’s obvious is the evident rise in interest for Ethereum (ETH), XRP, Litecoin (LTC) and other altcoins. Google trends data shows that these alts have been gaining interest over the past few months.

Credible Crypto, a renowned analyst, narrowed down 7 of these altcoins with ‘high potential’ amid the market correction. As per his tweet, the ‘dip’ posed a perfect buying opportunity for traders.

He later pinpointed two specific coins – Bitcoin Cash (BCH) and Hedera Hashgraph (HBAR) as two alts that traders needed to look at.

According to the analyst, many traders were “underexposed” to BCH.

BCH, the 10th largest coin, at the time of writing, was trading at the $1250 mark. It witnessed a price correction of  1.63% in the last 24 hours as per Coinmarketcap.

Hedera Hashgraph (HBAR), ranked 54th, recently gained popularity after Elon Musk’s calls for a sustainable coin. At press time, it was trading at the $0.33 mark.

The analyst projected a huge rally for the altcoin.

However, a certain price level ($0.35) was to be maintained in order to gain momentum.

Source: Credible Crypto| Twitter

He reiterated the same to support his forecast for HBAR,

“People be like “HA knew that pump wouldn’t last such a pump and dump” like bro the pump started at .24 and is currently trading at .34 some 40% higher like what do you want.”


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/xrp-hbar-bch-eos-zec-eth-and-ltc-when-youre-looking-to-buy-the-dip-which-of-these-alts-make-the-cut

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