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Nodle Announces Partnership with ESTV

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[PRESS RELEASE – San Francisco, United States, 22nd July, 2021]

Nodle, a citizen-powered decentralized wireless network that provides low-cost, secure connectivity for the Internet of Things (IoT), announces a strategic partnership with ESTV, the global leader in eSports content streaming. With ESTV boasting over 29.6M unique viewers and 124.8M viewership minutes worldwide, the partnership looks to dramatically increase the reach of the Nodle Network, introduce new revenue streams for ESTV through mining Nodle Cash, and further enhance their user experience.

For ESTV, the Nodle networking library will be built into the upcoming release of ESTV’s mobile app, while the Nodle Cash app will be prominently seen and promoted throughout ESTV’s 24/7 global broadcasts. ESTV will gain an additional source of revenue and each user can easily opt-in to passively earn Nodle Cash, all while watching in their favorite teams and streams. In turn, users will be able to convert earnings to ESTV gear and other ESTV offerings.

Nodle Cash can not only be earned by any mobile gamer through the Nodle Cash app, but also inside the ESTV mobile app. ESTV network, tournaments, anchors, athletes, celebrities and ESTV current and future partners will also promote Nodle Cash App downloads to gamers around the world.

Nodle Cash is remotely mined through the use of Bluetooth Low Energy (BLE) and an algorithm called “Proof of Connectivity.” This allows anyone with a smartphone to automatically scan for nearby BLE-enabled IoT devices and sensors, and move tiny bits of data, such as location, temperature, air quality, foot traffic, and more through their phone and up to the cloud. In addition, all transactions are encrypted to protect privacy. Nodle customer types like enterprises, manufacturers, and smart cities pay for receiving data insights coming from IoT devices and sensors to improve decision-making, and in return, users who lend their Bluetooth and Internet access get rewarded in Nodle Cash.

“This will be one of our first major collaborations in bridging the Nodle Network to the booming world of gaming and esports,” says Micha Benoliel, CEO and Co-Founder of Nodle.

“We are thrilled to have our Nodle brand associated with ESTV and can’t wait to see it being used in tournaments where everyone wins with Nodle Cash,” added Garrett Kinsman, VP of Sales and Growth and Co-Founder of Nodle.

Eric Yoon, Founder & CEO of ESTV commented: “We are excited to partner with Nodle to deliver their technology to our upcoming ESTV mobile app. Global ESTV users will be able to earn Nodle Cash while watching live tournament events, as well as while enjoying our vast ESTV content library. The more our viewers view content on the ESTV mobile app, the more Nodle Cash they’ll earn. This partnership is truly a win-win-win for ESTV viewers and users, Nodle, and ESTV!”

ESTV is currently distributed in 45 countries via Over The Top platforms including Roku Live Channel, Sling TV, Amazon Fire TV, Rakuten TV, PLEX, etc. and on most Connected TV platforms including Samsung TV Plus, VIZIO, TCL, Hisense, etc.

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Nodle’s CEO and Co-Founder Micha Benoliel is available for interviews.

About Nodle | The Citizen Network™:

Nodle is building the largest decentralized wireless network on Earth to connect and secure the next trillion Things. The Nodle Network is powered by millions of Bluetooth-enabled smartphones that earn Nodle Cash for providing connectivity to nearby Bluetooth-enabled IoT devices and sensors. App developers and publishers have the opportunity to monetize their applications via the Nodle networking library which enables them to mine Nodle Cash for helping the network grow. Nodle’s powerful privacy-first IoT stack allows for various use cases including connecting and securing physical assets, tracking lost or valuable items, capturing sensor data, security certificates, providing decision-making insights for consumer electronics manufacturers, enterprises, smart cities, and the finance industry, and much more. The Nodle Cash app is available for iOS or Android.

About ESTV

ESTV is the first 24-7 live linear video channel dedicated to esports in the U.S. Launched in May 2019, ESTV provides round-the-clock coverage of esports athletes and gaming franchises from an insider perspective. ESTV is available on the Roku® Channel (U.S. & Canada), Amazon Fire TV, Samsung TV Plus, Dish® Sling TV, VIZIO, Rakuten TV (Europe), TCL TV (worldwide), ZEASN (worldwide), Hisense Sharp (worldwide), RAD TV (Playstation, Google TV & Android TV), EASY TV (Brazil), Select TV, TikiLIVE, XOD Global (worldwide), Simul-TV in the U.S. and international territories as well as over the air network for local media market. We are also available on Twitch, YouTube and Facebook platforms and streams live linear feed and AVOD services. ESTV partners with the world’s top gaming networks and production partners for the most robust esports content lineup on linear, online and mobile. ESTV is also an exclusive media broadcast partner of the Department of Defense Joint Base Lewis McChord and NFL Alumni esports events. For more information, please visit www.estv.co.

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Source: https://cryptopotato.com/nodle-announces-partnership-with-estv/

Blockchain

Bitcoin Cash, Cosmos, VeChain Price Analysis: 01 August

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With Bitcoin soaring up to $42,000 today, other altcoins pumped too. BCH was preparing to test its immediate resistance, ATOM hiked by 8% overnight, and VET flashed signs of an uptrend. 

Bitcoin Cash

Bitcoin Cash, Cosmos and VeChain Price Analysis: August 1

BCH/USD, TradingView

Bitcoin Cash was trading at $554 on the back of a 2.1% gain over the last 24 hours. From the 4-hour chart, BCH depicted an upward movement towards its immediate resistance of $566. On failing to test the same, the prices could land near the $544 mark and then subsequently rest on $528. 

The Relative Strength Index despite noting a slight fall in buying pressure stayed well within the bullish territory. The green signal bars on the Awesome Oscillator depicted the presence of the bulls in the market.

Conversely, however, the MACD flashed red bars on the histogram at press time after a bearish crossover yesterday, although it was declining in size marking a reversal of the bearish sentiment on the indicator. 

Cosmos (ATOM)

Bitcoin Cash, Cosmos and VeChain Price Analysis: August 1

ATOM/USD, TradingView

ATOM displayed a considerable hike of almost 8% within a day. It alt was priced at $12.88 at press time. If it continued moving on the upside, the token might cross the immediate price ceiling of $12.96. 

If ATOM reaches the $12.96 mark over the upcoming trading sessions, it could expect strong resistance at $13.60. If the coin dips below its current price level, the support region lies at $12.00 and then eventually at $11.53. 

Overall technical outlook of ATOM remained quite bullish with the Relative Strength Index spotted above 60 despite a minor fall. Awesome Oscillator showed amplified green signals bars validating the same. 

Bollinger Bands widened suggesting chances of market volatility as prices kept touching the upper band. 

VeChain (VET)

Bitcoin Cash, Cosmos and VeChain Price Analysis: August 1

VET/USD, TradingView

VET had seen a period of consolidation a few days back, however, it rebounded from that and registered steady gains over the last few days. VET’s price at press time stood at $0.0913 as it recorded a 5.2% gain overnight. 

The technical analysis chart showed that VET witnessed a bullish trade, with the Relative Strength Index touching the overbought zone just 24 hours ago. At press time, however, the indicator fell below the overbought territory.

Chaikin Money Flow, over the last few days, registered increased capital inflows and was pictured in the bullish zone despite the minor fall in capital inflows at press time. 

Bollinger Bands opened up in anticipation of increased market volatility. With prices touching the upper band, the bulls might push the prices higher. The immediate resistance for VET lay at $0.93, failing to test that, the support region awaited at $0.0870 and then at $0.801.

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Source: https://ambcrypto.com/bitcoin-cash-cosmos-vechain-price-analysis-1-august

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What you should know about Paraguay’s push to welcome Bitcoin miners

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Of late, Paraguay seems to be offering Bitcoin miners exactly what they need and thus, it has emerged as the latest country many miners are migrating to.

China – Not the powerhouse anymore?

China’s wariness towards crypto is an open secret and so is its intention to drive most crypto miners away from the country. While China has historically been a powerhouse of the Bitcoin network, generating a huge chunk of its hash power, the recent crackdown on miners has fueled a migration.

While some chose Kazakhstan and the United States of America to set up shops, there is another country miners are now increasingly turning to.

Paraguay to the rescue?

Paraguay is home to two of the world’s largest hydroelectric dams in Itaipú and Yacyretá. In fact, it generates 100% of its electricity through hydroelectric power. What’s more, the country is also responsible for the generation of the most renewable electricity per capita in the world.

The damns generate nearly 8,500 MW of power, out of which Paraguay only consumes less than half while sharing the rest with Argentina and Brazil, among others.

This surplus can help miners choose Paraguay over any other location in the world. Benítez Rickmann, CEO of Paraguay-based mining firm Digital Assets S.A, shares this sentiment.

According to the exec,

“In China 6,000 MW were turned off and that coincides with what there is in Paraguay that has an energy surplus of 5,500 MW. It is very attractive for them.”

The road ahead

Right now, the country is welcoming eight China-based Bitcoin mining firms. Following the same, 500,00 machines will be installed in the country. One mining operation alone will set up 90,000 Bitcoin mining rigs, he added. In light of the surplus in electricity generation, miners and others might find some relief in mining Bitcoin with renewable energy in Paraguay.

On the legislative front, the country’s lawmakers are also working on a bill to regulate miners and attract foreign business.

Rickmann, an advisor to the aforementioned bill, is of the opinion that such efforts have been fruitful.

“The bill is designed for large mining companies to come to Paraguay. In China, 6,000 MW were turned off and that coincides with what there is in Paraguay, which has an energy surplus of 5,500 MW. It is very attractive to them. I have many names of companies from all over that are very interested in coming to Paraguay.”

This would be a crucial development going forward. Especially since Bitcoin hash power was hit badly when the Chinese exodus was in full flow.

As per data provided by Crypto Parrot, mining revenue surged by 179.4% over the last 30 days. Miners earned heavy amounts on 26 and 27 July with $36.49 million and $13.06 million, respectively. Furthermore, cumulative earnings were reported to be $841 million over the last 30 days.

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Source: https://ambcrypto.com/what-you-should-know-about-paraguays-push-to-welcome-bitcoin-miners

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German Institutional Funds Can Now Invest 20% of Portfolios in Crypto

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According to a new law coming into effect next week, some German investment funds will be able to hold up to 20% in digital assets. This comes amid growing demand from various institutions towards the industry.

Germany’s Next Crypto Move

As per a Bloomberg report from July 30th, Spezialfonds – German investment funds with fixed rules – will be able to allocate as much as 20% of their holdings in digital assets. Those funds reportedly manage around 1.8 trillion euros or $2.1 trillion and can only be accessed by local institutional investors like insurers or pension firms.

Tim Kreutzmann – an expert on cryptocurrencies at BVI, Germany’s fund industry body – pointed out that the majority of the funds would most likely prefer to start small at first:

“Most funds will initially stay below the 20% mark. On the one hand, institutional investors such as insurers have strict regulatory requirements for their investment strategies. And on the other hand, they must also want to invest in crypto.”

Even though the initiative comes after increased demand from numerous German institutions towards cryptocurrency products, Kamil Kaczmarski – an executive at the management consultancy firm Oliver Wyman LLC – opined that many local investors are still skeptical, mainly because of the infamous volatility. He argued that this trend would remain for the next five years.

According to a spokesman, Deutsche Bank AG’s asset manager DWS Group and one of Germany’s leading financial institutions – DekaBank – have both showed interest in investing in cryptocurrencies but so far have not made any decisions.


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Deutsche Bank is Keen on Cryptocurrencies

As CryptoPotato reported in May, the German multinational financial institution – Deutsche Bank – demonstrated its support towards virtual currencies. Back then, its CIO – Christian Nolting – highlighted the growth of the asset class experienced in the past few years and especially following the COVID-19 pandemic. Moreover, he believes cryptocurrencies are here for the long haul:

“I think that by now, it is clear that cryptocurrencies (in some form) are here to stay, but I would argue that they are far from a mainstream asset class.”

On the contrary, Nolting argued that CBDCs could harm digital assets and reduce their chances of serving as international payment instruments:

“A widespread introduction of CBDCs accompanied by higher regulation of cryptocurrencies could create a more challenging environment for crypto assets as some of their advantages compared to traditional financial assets would fade in the longer term.”

Deutsche Bank’s executive also compared Bitcoin to gold, saying that the primary cryptocurrency has all the qualities of the precious metal. He went further, stating that one day BTC “could ultimately replace gold as a store of value.”

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Source: https://cryptopotato.com/german-institutional-funds-can-now-invest-20-of-portfolios-in-crypto/

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