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New Blockchain Wallet Functionality and Exchange Listings are Coming for the Bitcoin-sCrypt Altcoin (BTCS)

The Bitcoin-sCrypt (BTCS) community is pleased to announce new development and marketing initiatives, which include the release of new development features (e.g., blockchain voting and censorship-resistant messaging), the creation of an official Bitcoin-sCrypt marketing team and an official exchange listing drive to increase the number of exchanges trading Bitcoin-sCrypt (BTCS). Since our release of Staking […]

The post New Blockchain Wallet Functionality and Exchange Listings are Coming for the Bitcoin-sCrypt Altcoin (BTCS) appeared first on Bitcoin PR Buzz.

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The Bitcoin-sCrypt (BTCS) community is pleased to announce new development and marketing initiatives, which include the release of new development features (e.g., blockchain voting and censorship-resistant messaging), the creation of an official Bitcoin-sCrypt marketing team and an official exchange listing drive to increase the number of exchanges trading Bitcoin-sCrypt (BTCS).

Since our release of Staking functionality in the latest major update, Bitcoin-sCrypt users have been generating new BTCS for themselves by staking their BTCS coins to help the network.  As such, the Bitcoin-sCrypt Altcoin (BTCS) has been utilizing a hybrid Proof-of-Work/Proof-of-Stake consensus algorithm to secure transactions on the blockchain.

Now the Bitcoin-sCrypt team is working on adding new exciting functionality to the Bitcoin-sCrypt blockchain wallet.

Upcoming Bitcoin-sCrypt Wallet Development

We are currently working on adding decentralized blockchain voting and censorship-resistant messaging directly to the Bitcoin sCrypt wallet client.  Soon, community members will be able to vote on development issues using their cryptocoins and will be able to send censorship-resistant messages directly from the wallet client.

Censorship-resistant messaging functionality will allow users to send unfiltered messages to other users directly in the BTCS wallet client.  The censorship-resistant messaging functionality will be released in two phases.  An initial centralized test phase followed by the final release of decentralized censorship-resistant functionality.

The decentralized voting functionality will allow users to vote on development issues directly within the Bitcoin-sCrypt wallet.  Bitcoin-sCrypt’s plan to decentralize development by allowing users to vote on development issues has been a long-term goal and the Bitcoin-sCrypt team is excited about the new features to come.

Official Assembly of a Bitcoin-sCrypt Marketing Team

In response to the increased community interest in the Bitcoin-sCrypt Altcoin (BTCS), the Bitcoin-sCrypt team will be putting together an official Bitcoin-sCrypt marketing team to take responsibility for Bitcoin-sCrypt’s marketing efforts.   Since Bitcoin-sCrypt’s genesis block, marketing has been purely word-of-mouth, and now the community is excited to finally have a dedicated team to assist with social media marketing, crypto-forum postings (like bitcointalk and cryptocointalk), and to lead exchange listing drives to have Bitcoin-sCrypt listed on more crypto-exchanges.

As such, the Bitcoin-sCrypt community is pleased to announce JJ-Dutch as the new chair of the Bitcoin-sCrypt marketing team.  JJ-Dutch has been involved in crypto, generally, and Bitcoin-sCrypt, specifically, for many years and the community is excited to have him aboard to lead our efforts.

Further, membership in the Bitcoin-sCrypt marketing team will be opened up to community members in the coming months.  

 We are super excited about the times to come for new blockchain development features for the Bitcoin-sCrypt Altcoin (BTCS)!

For more information, please visit:

Bitcoin-sCrypt Website:  https://bitcoinscrypt.io
Bitcoin-sCrypt Twitter:  https://twitter.com/theotherbitcoin
Bitcoin-sCrypt Facebook:  https://www.facebook.com/groups/BitcoinScrypt/
Bitcoin-sCrypt Discord: https://discord.gg/EAXdR8j
Bitcoin-sCrypt Telegram: https://t.me/BitcoinScryptOfficial
Bitcoin-sCrypt Blog:  https://theotherbitcoin.com

For questions or more information, please contact:  [email protected]

BTCS is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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Source: https://bitcoinprbuzz.com/btcs-echange-listings/Source: https://bitcoinprbuzz.com/btcs-echange-listings/

Blockchain

Supercar maker Mazzanti Automobili launches security token offering

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Italian luxury car manufacturer Mazzanti Automobili has launched its security token offering on regulated digital marketplace STOKR.

As part of the offering, Mazzanti aims to raise 999,999 euros ($1.2 million) on STOKR to develop a special edition of its hypercar model Evantra Millecavalli R.

According to a Feb. 25 announcement, Mazzanti’s STO will allow investors to purchase MZZ tokens, priced at 1 euro each. The token is issued by Mazzanti via Blockstream AMP, a platform for the tokenization of securities built on the Liquid sidechain of Bitcoin (BTC), which has been directly integrated with STOKR.

As part of the STO, MZZ investors will be able to receive a 50% revenue share in the sale of the Evantra special edition. The offering is available for select European countries, with a minimum investment of 50 euros, the announcement notes.

Mazzanti’s founder Luca Mazzanti said that the company has been considering running an STO for a while. The company initially announced its upcoming STO plans earlier in February.

In conjunction with the STO, Mazzanti also announced that the company will allow its customers to purchase all editions of the Evantra model with Bitcoin starting from Feb. 25. The move echoes Tesla’s recent move toward accepting Bitcoin payment for its electric vehicles. 

Based in Luxembourg, STOKR has been listing various STOs in compliance with capital market laws of the European Union. Last year, Germany’s Federal Financial Supervisory Authority approved ParkinGO’s offering as the first cross-border STO on STOKR.

Source: https://cointelegraph.com/news/supercar-maker-mazzanti-automobili-launches-security-token-offering

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Finance Redefined: Ethereum exodus continues as Binance ‘helps,’ Feb 17–24.

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The parabolic rise of the Binance Smart Chain has been all over the news this week, aided by a few seemingly unfriendly moves by the exchange itself.

It started on Friday, when Binance suddenly froze withdrawals of Ethereum-based assets for about one hour. Many interpreted it as a move against the blockchain and its ecosystem, given that the cited reason was “congestion issues” — something one hardly imagines is a problem for an exchange, unless they shoulder withdrawal costs for the user.

The day after, FTX started shaming Binance for excessive promotion of BSC on the exchange. Specifically, FTX was apparently “spending millions” in failed deposits that came over the Smart Chain but were meant for Ethereum. FTX’s accusation toward Binance, one of its investors, is that the exchange put BSC as the default option for withdrawing many ERC-20 assets, which caused a lot of failed deposits to FTX.

I can’t say I’ve ever noticed Binance Smart Chain being “the default option” for withdrawals. BSC is the first listed when you attempt to withdraw something like USDC, though it does not actually select the blockchain for you. Still, I can see how some newbies could get swindled by this. People overestimate the degree to which terms like “ERC-20” are known in the casual crypto community. Testing the withdrawal now, Binance forces you to go through a quiz where you confirm you know what you’re doing by selecting BSC. I have no idea when this was introduced, but it’s not impossible that it’s a response to FTX’s statements.

Overall though, there’s nothing inherently wrong with one company using its products to promote another of its products. From the official responses it seems that the Ethereum congestion incident won’t happen again because they “upgraded the systems.”

Cheap tricks would never be able to undermine Ethereum without there being an underlying fundamental weakness. And I think we’ve all had enough with Ethereum gas fees. I tried a non-Ethereum DeFi product recently, and it felt so good to pay just a few cents for a complete interaction.

Binance Smart Chain is already processing more transactions than Ethereum and has over 5 million unique wallets. Ethereum, with its much longer history, is currently sitting at 140 million wallets in total.

Ironically, Ethereum fans should secretly want the bull market to end right now. The longer it goes on, the more gas fees will remain high, and the more people will want to migrate away and seed other environments.

Second largest liquidation day in DeFi history

Speaking of the end of the bull market, a massive slide in crypto markets triggered some $24 million in liquidations on Tuesday, the second highest loss in DeFi history. It would’ve been the highest if not for that infamous day in November when Compound thought Dai was worth $1.3.

The firesale was triggered by nothing in particular, though I suspect that rising bond yields are having their effect on the riskiest of assets on Wall Street, of which Bitcoin is the quintessential representative. And then Bitcoin dragged the rest of crypto with it.

I don’t normally talk about price because I’m not a financial advisor or even a successful trader. But I am feeling a lot of fundamental and sentimental indicators of a coming correction, ranging from a wavering stock market to, well, the strength of Tuesday’s dump.

To top it all off, my non-crypto feeds are being invaded by crypto stuff, which is never a good sign. I certainly hope that I’m misinterpreting what is actually unprecedented adoption and acceptance, but let’s face it — it’s all about price for now, while fundamentals are still lagging.

With layer two platforms and new blockchains coming online, we may get something useful out of crypto and DeFi soon. But everything could happen before we get there. Be especially careful right now and, most importantly, don’t get liquidated.

In other news

Source: https://cointelegraph.com/news/finance-redefined-ethereum-exodus-continues-as-binance-helps-feb-17-24

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Blockchain soccer gaming startup Sorare raises $50M

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Sorare, a major blockchain-based soccer gaming platform, has raised $50 million from high-profile investors backing major companies like Twitter, Instagram and Discord

The fresh Series A round brings Sorare’s total funding to $60 million, the company told Cointelegraph Thursday.

The funding round was led by Benchmark, an investment giant famous for funding companies like Twitter, Uber and Snap. Accel Partners was another lead investor, known for backing companies like Facebook and Spotify. The round also included some additional investment from investors like Reddit co-founder Alexis Ohanian, VaynerMedia CEO Gary Vaynerchuk, and Barcelona striker Antoine Griezmann.

With the new funding, Sorare is planning to continue growing its ecosystem, including launching a mobile application and onboarding the top global 20 football leagues. “We’re designing an experience where fans can celebrate, share, and live football moments at a deeper connection. We’re making fantasy football a reality,” Sorare said.

Founded in 2018, Sorare provides a digital collectibles platform based on the Ethereum blockchain. With non-fungible tokens, the platform offers a collective fantasy football experience allowing players to manage their players and earn prizes.

Gerard Piqué, strategic advisor at Sorare, explained that the platform aims to meet the significant shift to online and digital fan experiences:

“As world football has shifted from local supporters to global fanbases, football fans are looking for new ways to be connected to the game, the players and other fans.”

Blockchain and cryptocurrency startups have been actively tapping the soccer industry in order to bring new ways of fan engagement using emerging technologies. Socios and Chiliz represent some of the best-known industry efforts, jointly providing blockchain fan tokens for popular global soccer clubs like FC Barcelona, Juventus and Paris Saint-Germain. Earlier this week, Polish Legia Warsaw became the latest soccer club to join Chiliz and Socios.

Source: https://cointelegraph.com/news/blockchain-soccer-gaming-startup-sorare-raises-50m

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