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Blockchain

NFT gaming and a tsunami of trading volume lift Waves to a new all-time high

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Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector. 

April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency community for newly released NFT projects.

WAVES/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of Waves has increased 320% in 2021, climbing from a low of $4.86 on Jan. 4 to a new all-time high at $20.82 on April 9 thanks to a record $883 million in 24-hour trading volume.

NFT airdrop lures new investors

Excitement for WAVES reached a new peak today after the protocol released Duck Hunters, a game that combines NFT collectibles with yield farming.

A follow-up tweet announcing the launch of Round 1 of the Duck Hunters game stated that all participants who complete a few social engagements will receive 1 EGG immediately after the round expires.

Momentum for the token had been building for several weeks prior to the release of Duck Hunters, starting with the listing of a USDT-WAVES market on the Bittrex on March 23.

This was followed by the March 24 announcement that Waves Enterprise would be expand to Singapore as part of its strategy to focusing more on the creation of hybrid networks that can interface with public blockchains like Ethereum (ETH).

VORTECS™ data from Cointelegraph Markets Pro also began to detect a bullish outlook for WAVES on April 8, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. WAVES price. Source: Cointelegraph Markets Pro

As seen in the chart above, after staying relatively flat in the yellow range for most of the week, the VORTECS™ Score for Waves climbed into the green and registered a high of 66 on April 8, roughly five hours before the price began to increase 60% over the next day.

The addition of NFT functionality to the Waves ecosystem alongside its growing decentralized finance ecosystem has created a well-rounded protocol that is positioned to see further growth as blockchain technology becomes further integrated into mainstream commerce.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/nft-gaming-and-a-tsunami-of-trading-volume-lift-waves-to-a-new-all-time-high

Blockchain

A pillar of the Civil Rights Movement, Dr. Robert J. Brown, will keynote a global blockchain leadership event.

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Blockchain and Liberty for All

Broadcast live from Washington DC, June 18-19, 2021, with contributions from chapters around the globe, GBA will virtually present its’ annual state of the union to the world. The GBA global leadership team will present their blockchain results so far and discuss where we are headed for the next decade. 

The featured Keynote speaker, Dr. Robert Brown will share his wisdom gained from decades of working with world leaders, industry titans, and civil rights leaders. The Washington Post called him a “World Class Power Broker”. Just some of his many accomplishments include:

  • Key advisor to the late Dr. Martin Luther King, Jr. 
  • Involved in the Robert Kennedy campaign
  • Special Assistant to President Richard Nixon
  • Close friend and confidant of Nelson Mandela 
  • Consulted with many prominent US corporations on race relations and crisis management
  • Worked on the committee that established the legislation creating the Office of Minority Business Enterprise within the US Department of Commerce
  • He signed the documents that increased funding for historical black colleges & universities under President Nixon
  • Serves on the boards of numerous universities and corporations 
  • He holds eleven honorary doctorate degrees from prestigious institutions of higher learning.

Dr. Brown has handled communications and race relations during pivotal moments of the civil rights movement. His ability to build bridges between Democrats and Republicans during the Civil Rights heyday, makes him an exceptional choice for blockchain leaders who will face inevitable backlash as this technology revolutionizes the landscape for many in power. How are we to move forward in a respectful and mutually beneficial manner? 

As blockchain technology continues to disrupt every industry, GBA influencers will need to hear the lessons learned from this icon of history.

The Government Blockchain Association, (GBA), is honored to have Dr. Brown as a keynote speaker for Blockchain and Liberty for All.

Political freedom must be accompanied by economic freedom for people to be truly free. Blockchain Technology is a new frontier in the economic landscape.” -Gerard Dache, Executive Director, GBA

 

You do not want to miss this event. For more information, go to

http://bit.ly/block4all

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Blockchain

TrustSwap Launchpad hosts token offering for RegTech platform Sekuritance

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Sekuritance, a CeFi/DeFi ecosystem delivering compliance, regulatory, transaction monitoring, and identity management solutions, is collaborating with TrustSwap, a full-service blockchain asset platform, to support the execution of its SKRT token offering starting on May 8th, 2021 at 9:00 AM PST.

Introducing Sekuritance

The cryptocurrency economy has taken the world by storm and it is here to stay. Just like traditional finance, the risk of fraud, misuse, abuse also exists in the crypto space. Due to the decentralized and semi-anonymous nature of blockchain, these factors can be compounded resulting in hesitation of adoption by financial regulators and banking institutions. While there may not yet be a bulletproof solution, there are ways to mitigate risk and potential losses, and blacklisting.

Most people who are active in the DeFi space are also using some form of traditional banking service (credit cards, bank accounts, mortgage/insurance payments, retail commerce, etc.). When crypto proceeds start moving between these realms, the banks and regulators want to know where the money came from, whether it has been declared or taxed effectively, whether it has passed through unauthorized darknet services, and so many more questions needing specific answers. In the event that any of the above questions result negatively, the traditional finance ecosystem is most likely to reject the onboarding or the use of those proceeds to pass through their networks.

The Sekuritance RegTech Suite addresses this by making available specific services and modules to address the various regulatory and compliance requirements.

Sekuritance recognizes that there are many jurisdictional challenges in the RegTech niche so, rather than competing with other software-as-a-service providers in the RegTech industry, they are invited to make their API offerings available also through the Sekuritance Partner Marketplace so that merchants and individuals around the world can enjoy an All-In-One RegTech Gateway.

Sekuritance Ecosystem

The Sekuritance ecosystem is comprised of 8 main products:

1. Sekur.Vault (Data Tokenisation Vault)

Sekur.Vault is a unique omni-vault, audited to the highest level of industry security standards and tweaked to not only store what is commonly referred to as “Rubbish In, Rubbish Out” but to add value to the output upon retrieval by cross-consumption of the other Sekuritance modules such as BIN checks, KYC checks, AML checks and more.

The platform’s robust and simple to use API set and dedicated user interface allows the secure storage of Card Data (Debit, Credit, Alternate); Crypto Wallet Private & Public Keys; Sensitive Personal Data; Confidential Corporate Data; KYC, KYB Related Data; Transaction Data for BI and AI and more.

2. Sekur.MFA (Multi-Factor Authentication)

This omni-auth module caters primarily to 3D Secure services for the traditional card payment industry. Development has also started for an on-chain decentralized identity management and claiming process. Our own unique acquirer-agnostic 3D Solution allows merchants to validate and process 3D checks (both versions 1 and 2) before taking payment.

3. Sekur.Connect (RegTech Marketplace)

The Sekuritance RegTech SekurSuite platform is a powerful toolkit on its own but trying to stay ahead of all the global jurisdictions, updates to regulations and policies, AML guidelines, etc. is a mammoth task. So, rather than try to outsmart all the other valuable and recognized players in the industry, Sekuritance is creating a RegTech marketplace where software-as-a-service providers and developers can showcase their solutions and participate in the SKRT token economy.

4. Sekur.Alert

Sekur.Alert functionality connects to specialized datasets to help keep our customers safe and help them ensure that they are doing business with wallets and identities of good standing. To help grow this dataset, the crypto community is invited to report any fraudulent activity to Sekuritance so that the whole community can be better protected. Every new unique and verified report gets to participate in the SKRT Loyalty and Reward program.

5. Sekur.Transact

KYC, KYB, KYT, AML, Sanction Screening, and other rule engine applications are all available on the Sekuritance platform. Businesses and institutions can use these tools to identify who customers are and their eligibility for specific product offerings. They can use the Sekuritance RegTech platform to get transaction and IP “Risk Scores” and sub-scores as well as other data in order to prevent fraud and abuse.

7. Sekur.Trace

The anonymity of cryptocurrencies is a myth. Very few mixing services can outwit modern de-anonymization technologies for Bitcoin tracking and other cryptocurrency alternatives. No one has a clear understanding of how fast the RegTech niche will be evolving but one thing beyond question — regulation of the cryptocurrency space will tighten and all will have to accept the new rules and play by them.

Sekuritance strives to become one of the leading vendors of RegTech solutions for the crypto and fiat industry and believes that the openness of financial data on blockchains will be a driver for regulatory institutions to reinforce control. With a powerful blockchain analytics toolset like Sekuritance, regulatory bodies could end money laundering and make financial reporting easy and transparent.

8. Sekur.Certify

The Sekuritance Sekur.Certify Blockchain Wallet Verification service allows for a user to claim controlling power certification on a particular wallet once a number of actions would have been performed, KYC & AML checks confirmed and crypto investigation on the wallet completed.

Details of Sekuritance Token Offering

The Sekuritance token offering will be executed by leveraging the TrustSwap Launchpad. Upon the successful conclusion of the offering, a Uniswap pool will be created on May 13th, 2021, and trading can commence for use of SKRT in the Sekuritance network. Alongside the offering, Sekuritance will be showcasing a preview of its RegTech Suite and Partner Platform.

TrustSwap technology utilizes secure peer-to-peer transactions via TrustSwap SmartLaunch; which ensures that Sekuritance and its community can transact securely and without fear of participants or team members negatively impacting the markets following the public offering. TrustSwap’s time-based SmartLock ensures a methodical distribution to mitigate the risk of unauthorized token transfers.

Sekuritance will use TrustSwap SmartLocks for:

  • Team token vesting
  • Token holder vesting
  • Liquidity locks

For more information about Sekuritance visit https://www.sekuritance.com.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoninjas.net/2021/05/07/trustswap-launchpad-hosts-token-offering-for-regtech-platform-sekuritance/

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Blockchain

Shanghai Man: VeChain on TV, DOGE flips BTC volume, Hotbit hack and more …

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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

Will DOGEmania ever stop?

Dogecoin has officially flipped Bitcoin in a few categories here in China, with DOGE trading volume on leading Chinese exchange Huobi surpassing that of leading assets ETH and BTC. On May 6th, according to CoinGecko, DOGE volume made up more than 15% of total exchange volume, whereas BTC and ETH were around 8% each. Searches for ‘Dogecoin’ on WeChat surpassed searches for Bitcoin, with 2.3 million versus 1.7 million on May 5th. Dogecoin has become increasingly appealing to the Chinese retail community since earlier this year as many are attracted to the virality and get-rich-quick potential of the colorful DOGE community.

Hacking attempt fails, but causes a major ruckus

Centralized exchange Hotbit was the victim of a hacking attempt on April 30th. The good news was that assets appear to be safe on the platform. The bad news was that user data was compromised, leading to a corrupted database. Trading, deposits and withdrawals have all been paused while the exchange attempts to restore normality. The Chinese exchange has been communicating actively via Twitter, with the interrupted service lasting potentially another week. Hotbit is well known for listing a diverse range of assets, making it a popular spot among more risk averse investors.

Shenzhen-based HOO launches Smart Chain contender

Hoo.com became yet another exchange to launch an Ethereum Virtual Machine, or EVM-based, smart chain, attempting to bridge their CeFi users into the DeFi space. The chain, currently in testnet, boasts low fees of just 0.001 USD per transaction and over 500+ transactions per second, as well as compatibility with Ethereum, BSC, and HECO. Since the start of the year, Hoo’s token has increased by over 350%. Other Chinese exchanges, including OKEx and Gate, have also launched smart chains. Smart chains are proving an attractive way to let users maximize yield while still letting the exchange capture value from the process.

VeChain on national TV

English-language and state-run business channel CGTN created a short expository video on blockchain’s growth post-COVID19. The video and article featured a close look at VeChain’s progress in developing business solutions, explaining how the technology could be applied to the food safety and infection control industry. The media company shot a short video inside the office and interviewed a few of the developers, indicating that the company has done well to comply with regulatory requirements in the tightly run country. It’s no secret that VeChain has a top position and close relationship with many government backed organizations, which is an enviable position for any enterprise Blockchain-as-a-Service provider.

Rising salaries for blockchain devs

The Beijing Human Resources and Social Security Bureau recently released the 2021 Beijing Human Resources Market Salary Survey Report (First Quarterly)”. According to the report, new and hot jobs, which included the tech space, had a median average monthly salary mainly in the $3,000 to $4,600 range. Blockchain engineers comfortably eclipsed that with a wage of $6,700 per month, showing the growing demand for the skills. By contrast, the average annual salary of a blockchain developer in the U.S. often exceeds $12,500 per month, according to recruitment firm Hired.com, nearly double the going rate in Beijing.

Miners back up and running… away?

Mining appears to have resumed as normal following the outages after a deadly coal mine accident last month. The incident required rigorous inspections of mining facilities, forcing many ASIC miners to turn off their machines. Hashrates have currently recovered to near the rates they were prior to the incident in the middle of April. One interesting shift, however, is that the industry appears to be gradually shifting from China to North America. F2Pool founder Chun Wang noted that for the first time in 8 years, more than half the BTC hashing power was coming from outside of China. This may have been partially tied to the incident, but is a trend that many experts are following as mining regulations in China appear to be growing stricter.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/shanghai-man-vechain-on-tv-doge-flips-btc-hotbit-hack-blockchain-engineers-make

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