Connect with us

Blockchain

Weekly Update #28: Crypto Football Club

Crypto Football Club - blockchain24.coThe new week has begun – so as usual, it is time to summarize the last seven days in the blockchain industry. The previous week was pretty successful for the blockchain industry: the Bitcoin’s price reached $10,000, and we witnessed the historical milestone of half a billionth transaction. Australia: National blockchain roadmap This week, we …

Artykuł Weekly Update #28: Crypto Football Club pochodzi z serwisu Blockchain24.co | portal with cryptocurrency bitcoin & blockchain news.

Republished by Plato

Published

on

The new week has begun – so as usual, it is time to summarize the last seven days in the blockchain industry.

The previous week was pretty successful for the blockchain industry: the Bitcoin’s price reached $10,000, and we witnessed the historical milestone of half a billionth transaction.

Australia: National blockchain roadmap

This week, we have two interesting news from the smallest continent on Earth. The first one concerns the local government’s approach to the blockchain technology. The Australian Ministry for Industry, Science, Energy, and Resources has prepared a roadmap of national, blockchain-related goals for the country.

The strategy focus on three different aspects: regulations, technological development, and international investments and cooperations. As one of the potential utilization for the blockchain, Karen Andrews, Minister for Industry, Science and Technology, pointed on the ability to track national goods thanks to the global supply chain management systems.

How much for your football club?

The other Australian news goes for more specific blockchain implementation. Perth Glory, an Australian top league football club, is going to be sold to the London Football Exchange – an organization that aims to use blockchain to create “football stock exchange,” which will gather various football clubs. The chairman of Perth Glory, Tony Sage, claimed that the deal will soon be finalized. He also stated that the purchase won’t change anything in the operations of the club, besides integrating LFEC token into payment systems at the club.

Securities based on Stellar in a German bank

Bank von der Heydt, two and half-century-old banking institution based in Munich, apparently goes with the times. The institution announced the cooperation with Bitbond, blockchain financial services provider, aimed to develop a platform allowing to tokenize securities on Stellar blockchain. Bank’s client will be able to invest in securities via custody solution, already approved by German financial regulator BaFin.

North Korean Monero mining

Due to sanctions imposed on the Democratic People’s Republic of Korea, the regime of Kim Jong-un is looking for potential options to circumvent them. And apparently, many possible solutions are related to the blockchain industry. Not so long ago, Virgil Griffith got accused of helping North Korea in that process. Now, the American cybersecurity firm Recorded Future said in a report that North Korean Monero mining operations increased at least tenfold

This cryptocurrency is widely known for an anonymous character, which makes tracking its uses much harder than in the case of other decentralized currencies. Because of that, Monero is, unfortunately, a popular currency to pay for various illicit services. For Kim Jong-un’s regime, it is not unusual to use this coin – yet for the first time, the scale of North Korean operations in Monero is so significant.

Cryptocurrencies discussion in the American Senate

The topic of cryptocurrencies in the United States is a complicated matter. As we wrote in a recent article, this country, despite being the leader in new technologies, has significant problems with the utilization of decentralized money. Most of the concerns are related to regulatory issues – and this subject has once again came back in the US Senate recently. During debate on the 2021 budget, Secretary of the Treasury Steven Mnuchin stated that although the technology should move forward, the government needs to take care for cryptocurrencies not to be “the equivalent of old Swiss secret number bank accounts.”

Ukraine won’t regulate mining

In the times when most governments are at least considering various regulations, a new announcement coming from Ukraine might seem to be strange. A local Ministry of Digital Transformation has published a document that lists the main goals for the country in the field of digitalization. The government’s approach toward mining is rather surprising: it states that mining operations are already regulating themselves; thus, authority’s interference is not needed in that case. 

Bitcoin price update

Last but not least, let’s check the situation of the Bitcoin price over the previous seven days. Most of the week was favorable for the cryptocurrency. The Bitcoin keeps a good trend of earlier days and almost reaches the price of $10,500. Only on Saturday, the day after Valentine’s Day, the leading cryptocurrency has noted a $300 downfall. However, this slip does not necessarily mean the end of the bullish trend – Bitcoin keeps the price just beneath the $10,000, and it soon may increase once more.

What the new week will bring for both Bitcoin and the entire blockchain industry – we don’t know. But you can be assured that you will learn it in the next episode of the Weekly Update on BlockChain24.co.

If you want to comment this article, visit our Blockchain24.co forum!

The blockchain24.co site shall not be held responsible for any consequences resulting from the use of data contained in the pages of the site.

Source: https://www.blockchain24.co/weekly-update-28-crypto-football-club/

Blockchain

Supercar maker Mazzanti Automobili launches security token offering

Republished by Plato

Published

on

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

Continue Reading

Blockchain

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

Republished by Plato

Published

on

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

Continue Reading

Blockchain

Blockchain soccer gaming startup Sorare raises $50M

Republished by Plato

Published

on

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

Continue Reading
Blockchain3 days ago

Ankr adds Eth2 futures (fETH) to its staking system

Blockchain5 days ago

Are Bitcoin’s long-term hodlers entering the seller’s market?

Blockchain4 days ago

Ripple now registered as a Wyoming business

Blockchain5 days ago

Elon Musk Explains to Peter Schiff What Money Is

Blockchain4 days ago

Former BoE, BoC Governor Mark Carney joins Stripe board of directors

Blockchain4 days ago

Litecoin, Cosmos, Tezos Price Analysis: 21 February

Blockchain4 days ago

A Review of BTCGOSU — Reviewer of Crypto Casinos

Blockchain3 days ago

Peter Schiff Now Discusses Bitcoin More Often Than His Beloved Gold

Blockchain3 days ago

Kraken Daily Market Report for February 21 2021

Blockchain3 days ago

DeFi Protocol Primitive Finance Self Hacks to Prevent Exploit

Blockchain4 days ago

The Many Theories Of Elon Musk Being Satoshi Nakamoto

Blockchain3 days ago

Long Blockchain Corp has officially been delisted by SEC

Blockchain3 days ago

NFT Platform Ethernity to Launch IDO on Polkastarter

Blockchain4 days ago

Is Ethereum heading to another ATH?

Blockchain5 days ago

3 key factors that propelled Ethereum to $2,000 for the first time ever

Blockchain4 days ago

Banks will be required to work with crypto, e-money and CBDCs to survive

Blockchain2 days ago

Bitcoin falls to $45K in sequel to 20% BTC price crash

Blockchain4 days ago

Kraken Daily Market Report for February 20 2021

Blockchain3 days ago

MoneyGram suspends Ripple partnership, citing SEC lawsuit

Blockchain4 days ago

Today 11:40 am EST: First Bitcoin Elite NFT Art Drop

Trending