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SaTT Breaks the Bank With $1 Million Collected in 48 Hours – The ICO Race Is Back?

After 2 years of development and an initially difficult experience (in the middle of a bear market), the SaTT project, which offers an original advertising solution based on blockchain and is already working with the biggest social networks such as Facebook, Twitter, YouTube, and Instagram, has just achieved exceptional performance, selling more than a million […]

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After 2 years of development and an initially difficult experience (in the middle of a bear market), the SaTT project, which offers an original advertising solution based on blockchain and is already working with the biggest social networks such as Facebook, Twitter, YouTube, and Instagram, has just achieved exceptional performance, selling more than a million dollars of its SaTT tokens…in less than 48 hours.

Does this performance, which took everyone by surprise, signal the return of euphoria around ICO and blockchain projects?

Are we going to see a comeback of ICOs on the market?

An ICO (Initial Coin Offering) is a method of fundraising that works by issuing digital assets exchangeable for cryptocurrency during the start-up phase of a project.

These digital assets are called tokens. This is why ICOs are also referred to as “token sales”

In 2017, ICOs were on a roll, so much so that not a day went by without new iterations of this new type of fundraising being offered to curiosity – and let’s not be afraid to remind ourselves of this – in a kind of speculative frenzy to investors who saw the opportunity to potentially increase their stakes tenfold in an instant. Any rapprochement with the current hysteria around Decentralized Finance (DeFi) would be perfectly opportune.

In 2017, 4.9 billion dollars was raised through ICOs with just over 850 different projects, and up to 6.3 billion dollars in 2018 with more than 1,100 projects.

By 2019, the sector was running out of steam and the hype was waning, due to many unsound projects, which are hastily put together, or even purely dummy projects.

At the same time, investments dropped by 95% and fell back to around $371M of financing only. This sudden drop is mostly the result of the actions of a few malicious actors and a form of amateurism on the part of many project leaders.

The balance sheet is not very bright and in full “crypto-winter”, it is time for a hangover. According to a recent study, 80% of ICOs could be called “scams”, with only 8% of the operations finally resulting in a listing on a correct secondary market and very few having even simply delivered a functional product.

This field of ruin has weakened the industry and left many investors on the sidelines, the financial market authorities, and in particular, the SEC, going to war against ICOs who do not respect the rules of the game, distributing large fines and penalties.

However, even if the ICOs have not managed to convince in 2017, the blame for this lies mainly with the vultures who, in a still immature environment, have taken advantage of the inexperience and FOMO (fear of missing an opportunity) of investors to rob the naïve.

Indeed, fundraising in crypto as of 2017 was of absolute technological and financial relevance, and two years later, this has never been more true. Indeed, with the return of the bull market, the recent explosion of the Decentralized Finance market, and now clear and defined regulations, we are witnessing the emergence of Season 2 of ICOs, and even the re-emergence of promising old ICOs that are resurfacing after a period of hibernation.

A perfect illustration of the phenomenon, the SaTT project, is thus part of this category of resilient projects which, rather than giving up when the winds were bad, has taken advantage of the last two years to refine its project, confirm its business model while forging a simple conviction: the relevance of its proposal to revolutionize the dominant advertising model would eventually impose itself.

The bet is about to be won: carried by a French team, SaTT, has just raised more than 1 million dollars in less than 48 hours… and sales continue to explode!

About SaTT’s blockchain advertising solution:

The SaTT project gives everyone the opportunity to become an influencer in a virtuous ecosystem: more efficient, more readable, and more economical for advertisers, and fairer and more remunerative for a new category of influencers in full expansion, looking for new decentralized models and avoiding traditional intermediaries.

Thus, the SaTT solution, with the token of the same name, allows remunerating the accounts of social networks of influencers thanks to a smart-contract according to the performances of their publications (views, likes, comments, sharing…). The blockchain allows automation of the process in real-time, in full transparency.

The solution comes with an easy-to-use crypto portfolio so that even the most layman in blockchain technologies can use SaTT easily.

SaTT to the Moon: $1 million raised in 48 hours

Discover SaTT is making a cruel and universal observation: the best of projects pushed by the most pugnacious of teams and with the most brilliant ideas can do nothing if it comes at the worst possible moment.

SaTT, therefore, launched its first ICO in 2018 in the middle of the bear market, a painful period as we have seen, for all lovers of bitcoin and blockchain. This did not prevent the project from remaining Top 1 for more than 6 months out of more than 5,000 projects on the ICO ranking site “ICOBench”, a site that brings together the analysis of various experts in the blockchain and ICO sector.

Since then, the SaTT team has not given up an inch. Subscriptions have remained open, allowing investors to continue to have the opportunity to “get in” on the project, as it continues to progress and demonstrate the solidity of its foundations.

And it is in this context that SaTT has raised $1 million in the last few days! And again, we are talking about an amount established 24 hours ago, an eternity in the tumultuous world of crypto… It is suggested that this amount would have already been more than exceeded, demonstrating an unprecedented enthusiasm for the SaTT token less than 3 weeks from its listing on the platforms.

“We are proud of the support of our community, who, despite the difficulties of the market, saw in the team the potential to realize the first cryptographic solution for functional advertising,” Gauthier Bros, CEO of Atayen

Discover ATAYEN, the company behind the SaTT project

The company behind SaTT is Atayen, which counts more than 9 Facebook applications developed, customers such as Coca-Cola, McDonald’s, Netflix, a base of 1,000,000 users, and a team working together since 2011.

The SaTT project also benefits from the support of renowned consultants such as Richard Wang from the Dragon Draper Digital investment fund and Eric Alexandre, founder of JetCoin. As well as Quentin Herbrecht, Blockchain consultant at the European Commission and founder of Markchain, the blockchain marketing & PR company that accompanies SaTT in this success story who has recently been noticed in the industry for having supported the biggest ICOs of 2020.

Source: https://www.newsbtc.com/2020/09/05/satt-breaks-the-bank-with-1-million-collected-in-48-hours-the-ico-race-is-back/?utm_source=rss&utm_medium=rss&utm_campaign=satt-breaks-the-bank-with-1-million-collected-in-48-hours-the-ico-race-is-back

Blockchain

Spanish Banking Giant BBVA to Launch Bitcoin Trading and Custodial Services in Switzerland

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After conducting tests for several months, the Swiss branch of the large Spanish bank – Banco Bilbao Vizcaya Argentaria (BBCA) – has announced plans to release two services related to the cryptocurrency industry.

  • According to the official statement, private banking customers based only in Switzerland will have the option to trade bitcoin and other digital assets starting from Monday – June 21st.
  • BBVA’s second service will enable its clients to store their digital assets on a regulated platform, and both initiatives will launch simultaneously.
  • Nevertheless, the entity has no plans to offer advice or actively manage any funds related to cryptocurrency investments.
  • Alfonso Gomez, CEO of BBVA Switzerland, explained that these services come after an extended trial period and enhanced customer demand.
  • “This gradual roll-out has allowed BBVA Switzerland to test the service’s operations, strengthen security, and, above all, detect that there is a significant desire among investors for crypto-assets or digital assets as a way of diversifying their portfolios, despite their volatility and high risk.” – he added.

  • The services and a bitcoin management system will also be available in the bank’s mobile application. Users will be able to use to review their investments and track their performance.
  • The bank will provide a personalized digital wallet, which will enable customers to convert BTC and other digital assets to euros or other fiat currencies, and vice versa. The process will be automatic, “without delays and without the illiquidity that affects other digital wallets or independent brokers.”
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Source: https://cryptopotato.com/spanish-banking-giant-bbva-to-launch-bitcoin-trading-and-custodial-services-in-switzerland/

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Secret (SCRT) and Injective Protocol (INJ) Technical Analysis: What to Expect?

Secret (SCRT) and Injective Protocol (INJ) Technical Analysis

Rate this post Injective Protocol and Secret prices are holding up above key support levels. Still, INJ/USDT may crash towards $5 as SCRT/USDT buildup towards $2.5. Secret (SCRT) SCRT is the native currency of the privacy-centric focus enabling private and secure computation. Past Performance SCRT/USDT prices remain under the weight of sellers. However, the whipsaw of June 17 with markedly high trading volumes may provide a cushion for hopeful bulls. SCRT is relatively strong at press time, adding seven percent against the USD. Trading volumes are up 36X on the last trading day, buoying buyers. Day-Ahead and what to Expect Reading from the daily chart, SCRT/USDT is deep in bear territory. However, there are signs of strength as June 17 gains may lead the way. Technically, every low may be a loading opportunity for buyers expecting a surge towards $2.5 in line with gains of late May 2021. SCRT/USDT Technical Analysis SCRT bulls are back in contention, which is net bullish. Thus far, SCRT/USDT prices are in range, flattening out following losses of May 21. However, as long as SCRT prices are firm above $1 and May 2021 lows, every low may be a loading opportunity for bulls targeting $2.3 in the medium term. Losses below $1 invalidate the uptrend. Injective Protocol (INJ) INJ primes the protocol. Its creators look forward to truly decentralized solutions explicitly allowing users to trade various assets, including CFDs and derivatives. Past Performance of INJ INJ prices are mainly in range inside a tapering wedge with clear resistance and support lines. On the downside, INJ found support at $8, while the middle BB is a notable resistance line, as the price action of the last month shows. At spot rates, INJ is stable, losing versus the USD but posting minor losses against BTC and ETH. Day-Ahead and what to Expect Technical candlestick arrangements favor bears in the short term. Sellers are pressing lower, unwinding gains in a bear trend continuation pattern, as June 17 bar reveals. Nonetheless, a close above the middle BB may rejuvenate bulls, injecting them with momentum for the next phase higher. INJ/USDT Technical Analysis Technically, every high below the middle BB is a liquidation opportunity for opportunistic bears. In that case, $8 is the next target. Further losses in sync with May losses below the minor support trend line may force INJ/USDT towards $5 or $3 in the medium term. An unexpected surge above $9 ignites demand building up for $11.

The post Secret (SCRT) and Injective Protocol (INJ) Technical Analysis: What to Expect? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Injective Protocol and Secret prices are holding up above key support levels. Still, INJ/USDT may crash towards $5 as SCRT/USDT buildup towards $2.5.

Secret (SCRT)

SCRT is the native currency of the privacy-centric focus enabling private and secure computation.

Past Performance

SCRT/USDT prices remain under the weight of sellers. However, the whipsaw of June 17 with markedly high trading volumes may provide a cushion for hopeful bulls.

SCRT is relatively strong at press time, adding seven percent against the USD.

Trading volumes are up 36X on the last trading day, buoying buyers.

Day-Ahead and what to Expect

Reading from the daily chart, SCRT/USDT is deep in bear territory.

READ  SushiSwap (SUSHI) and NEAR Protocol (NEAR) Technical Analysis: What to Expect?

However, there are signs of strength as June 17 gains may lead the way.

Technically, every low may be a loading opportunity for buyers expecting a surge towards $2.5 in line with gains of late May 2021.

SCRT/USDT Technical Analysis

Secret Price Daily Chart for June 18

SCRT bulls are back in contention, which is net bullish.

Thus far, SCRT/USDT prices are in range, flattening out following losses of May 21.

However, as long as SCRT prices are firm above $1 and May 2021 lows, every low may be a loading opportunity for bulls targeting $2.3 in the medium term. Losses below $1 invalidate the uptrend.

Injective Protocol (INJ)

INJ primes the protocol. Its creators look forward to truly decentralized solutions explicitly allowing users to trade various assets, including CFDs and derivatives.

Past Performance of INJ

INJ prices are mainly in range inside a tapering wedge with clear resistance and support lines.

READ  Bitcoin still BULLISH, Ban is Unlikely! Enjin Minecraft Server, Safe Haven Update – Crypto News

On the downside, INJ found support at $8, while the middle BB is a notable resistance line, as the price action of the last month shows.

At spot rates, INJ is stable, losing versus the USD but posting minor losses against BTC and ETH.

Day-Ahead and what to Expect

Technical candlestick arrangements favor bears in the short term.

Sellers are pressing lower, unwinding gains in a bear trend continuation pattern, as June 17 bar reveals.

Nonetheless, a close above the middle BB may rejuvenate bulls, injecting them with momentum for the next phase higher.

INJ/USDT Technical Analysis

INJ Price Daily Chart for June 18

Technically, every high below the middle BB is a liquidation opportunity for opportunistic bears. In that case, $8 is the next target.

Further losses in sync with May losses below the minor support trend line may force INJ/USDT towards $5 or $3 in the medium term.

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An unexpected surge above $9 ignites demand building up for $11.

#DeFi #INJ #INJ/USDT #Injective Protocol #SCRT/USDT #Secret Network

Source: https://www.cryptoknowmics.com/news/secret-scrt-and-injective-protocol-inj-technical-analysis-what-to-expect/

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Blockchain

Bitcoin isn’t as Anonymous as People Think it is: Cornell Economist

Bitcoin Anonymous Cornell Economist

Rate this post Eswar Prasad, an economist at Cornell University that says that Bitcoin isn’t as anonymous as people think it is. Other issues pointed out by him include Bitcoin mining being extremely bad for the environment, and that it doesn’t work well as a currency. Cornell Economist Points Out more Flaws of Bitcoin Besides Not Being Anonymous Leading cryptocurrency Bitcoin isn’t as anonymous as people think it is, according to a professor at Cornell University, Eswar Prasad, and formerly head of the International Monetary Fund’s China division. In an interview with CNBC on June 17, Prasad has highlighted the flaws of the flagship cryptocurrency. Firstly, he highlights that Bitcoin mining is an energy-intensive process and that it harms the environment and that it’s “certainly not good for the environment”. On the counterpart, he does highlight that Ethereum requires less energy than the flagship digital asset, saying: “That is going to be much less energy-intensive, and it could deliver a lot of the benefits that bitcoin was supposed to deliver. It could also make transactions much cheaper and quicker.” Secondly, he points out that BTC isn’t as anonymous as people think it is: “The main idea of bitcoin was to provide pseudonymity. But it turns out that if you use bitcoin a lot, and especially if you use Bitcoin to get any real goods and services, then it becomes possible eventually to link your address or your physical identity to your digital identity.” He reminds the U.S. government’s recent success in tracking and retrieving part of the Bitcoin ransom from the Colonial Pipeline ransomware attack has increased doubts about the security and non traceability of Bitcoin transactions. Bitcoin is a “Slow and Cumbersome” Medium of Exchange Lastly, he says that BTC doesn’t work well as a currency as it’s “slow and cumbersome” to use it to pay for goods and services and that the market is very volatile, adding: “So you could take a bitcoin to a store and one day, get a cup of coffee and another day, with the same bitcoin, be able to treat yourself to a lavish meal. So that doesn’t work well for the medium of exchange” According to him, BTC has become a speculative asset for people who hope it will appreciate in value, rather than because they want to use it as a payment mode.

The post Bitcoin isn’t as Anonymous as People Think it is: Cornell Economist appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Eswar Prasad, an economist at Cornell University that says that Bitcoin isn’t as anonymous as people think it is. Other issues pointed out by him include Bitcoin mining being extremely bad for the environment, and that it doesn’t work well as a currency.

Cornell Economist Points Out more Flaws of Bitcoin Besides Not Being Anonymous

Leading cryptocurrency Bitcoin isn’t as anonymous as people think it is, according to a professor at Cornell University, Eswar Prasad, and formerly head of the International Monetary Fund’s China division.

In an interview with CNBC on June 17, Prasad has highlighted the flaws of the flagship cryptocurrency.

READ  Retail Investors on Reddit are Shifting from Equities to Cryptocurrencies

Firstly, he highlights that Bitcoin mining is an energy-intensive process and that it harms the environment and that it’s “certainly not good for the environment”. On the counterpart, he does highlight that Ethereum requires less energy than the flagship digital asset, saying:

“That is going to be much less energy-intensive, and it could deliver a lot of the benefits that bitcoin was supposed to deliver. It could also make transactions much cheaper and quicker.”

Secondly, he points out that BTC isn’t as anonymous as people think it is:

“The main idea of bitcoin was to provide pseudonymity. But it turns out that if you use bitcoin a lot, and especially if you use Bitcoin to get any real goods and services, then it becomes possible eventually to link your address or your physical identity to your digital identity.”

READ  Binance All-Time High! EOS FOMO, BitTorrent and SkyCoin Surge, Harmony IEO – Crypto News

He reminds the U.S. government’s recent success in tracking and retrieving part of the Bitcoin ransom from the Colonial Pipeline ransomware attack has increased doubts about the security and non traceability of Bitcoin transactions.

Bitcoin is a “Slow and Cumbersome” Medium of Exchange

Lastly, he says that BTC doesn’t work well as a currency as it’s “slow and cumbersome” to use it to pay for goods and services and that the market is very volatile, adding:

“So you could take a bitcoin to a store and one day, get a cup of coffee and another day, with the same bitcoin, be able to treat yourself to a lavish meal. So that doesn’t work well for the medium of exchange”

According to him, BTC has become a speculative asset for people who hope it will appreciate in value, rather than because they want to use it as a payment mode.

READ  Grayscale Bitcoin Trust Sees Rebound as Institutional Demand Increase

#Bitcoin #Cornell University #Eswar Prasad

Source: https://www.cryptoknowmics.com/news/bitcoin-isnt-as-anonymous-as-people-think-it-is-cornell-economist/

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