Connect with us
[crypto-donation-box]

Blockchain

Zignaly to be listed on AscendEX

Republished by Plato

Published

on

AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of ZigCoin (ZIG) under the pair USDT/ZIG on Apr 15 at 1:00 p.m. UTC.

Zignaly is a social, digital asset trading platform. They aim to simplify the world of digital asset trading, making it easy for everyone to include digital assets in their investment portfolio. The current bull run has helped immensely in growing Zignaly, and it has seen more than 10x growth in volume over the past 12 months.

Zignaly launched its unique & disruptive profit sharing module late last year, and the traction is impressive, validating their multi-stream revenue model. While business is now mainly focusing on scaling this innovation to enhance the sense of security for investors, Zignaly is also launching the first-ever digital asset trading insurance protocol for its platform. NFTs will power the protocol, and ZigCoin will be the native token of the platform.

The introduction of ZigCoin will give traction to the existing business. In addition, the new innovative use case will bring fresh investors into the digital asset sphere.

Zignaly aims to solve three major problems as a platform. These problems revolve around trading platforms, investors, and expert traders. The first problem is that trading platforms fight against each other in fierce competition, attracting traders who don’t have the experience or knowledge to engage in digital asset trading. They focus their product on this goal, offering advanced trading functionalities, yet they lack the beginner trading user experiences that new investors seek. The solution Zignaly provides to trading platforms is to plug into the Zignaly ecosystem via API and begin offering their liquidity to new and informed investors willing to put their capital to work on a platform with an uncomplicated user experience.

For investors, the problem is that there aren’t many easy-to-use alternative vehicles for diversifying one’s investment portfolio. Current digital asset investors face hurdles, like minimum investment amounts, clunky user experiences, and fund management fees, when seeking professional services for investing in digital assets. Digital asset trading is a high risk, and the lack of knowledge and training makes it difficult for first-time investors to get started. The solution here is that Zignaly offers investors a way to navigate an extensive marketplace of expert traders to work with and provides services governed by the system’s transparency and the community’s feedback enabling users to gain knowledge and insight when investing.

The issue with expert traders is that they possess inherently valuable trading skills, yet there is no mechanism for these traders to monetize and leverage their skillset. Zignaly offers a solution by providing a marketplace that allows traders to monetize their skills, create a reputation, gain the community’s trust, share their results, and communicate with their audience.

In solving these issues, Zignaly has created an environment where trading platforms, users, and expert traders can benefit from one anothers input while contributing to a comprehensive ecosystem.

About AscendEX 

Originally founded in 2018 as BitMax.io, AscendEx is a leading digital asset and digital asset financial platform catering to both professional and retail traders. Our venue offers spot, futures, margin trading, and staking products and incorporates key elements from the DeFi space to foster a unique market structure for users. AscendEx is led by a team of Wall Street veterans who have applied traditional markets’ rigor to create a robust, secure, and reliable experience for all participants; and a consistent source of liquidity for primary offerings.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram:  https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Zignaly

Zignaly is a social digital asset trading platform, aiming to simplify the world of digital asset trading making it easy for everyone to include digital assets in their investment portfolios. Zignaly brings together a motivated team of top talent that trusts in blockchain and transparency to bring value to the Zignaly ecosystem.

For more information and updates, please visit:

Website: www.zignaly.com

Twitter: https://twitter.com/zignaly

Telegram:  https://t.me/joinchat/S9dMUoMZJRm6YxG8

Discord: https://discord.gg/r5qRXDJ

Disclaimer: This is a paid post and should not be treated as news/advice 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/zignaly-to-be-listed-on-ascendex

Blockchain

DOGE is Young People’s Middle Finger to the System, Says Mike Novogratz

Republished by Plato

Published

on

Mike Novogratz, in a research report, stated that Dogecoin is “the most honest shitcoin”, calling it a “store of value” for young people wishing to express a “little bit of a middle finger to the system”.

Dogecoin’s Recent Price Action

DOGE has entered a steep and stunning climb during the past few months, going from mere pennies to over $0.65. Young people betting on the speculative and volatile crypto asset have made staggering amounts of money thanks to the recent insane rate of return.

Many theorize that this rise has been fueled by Tesla founder and business mogul Elon Musk, who often refers to Dogecoin on his infamous Twitter profile, tweeting in a (usually) positive manner. Oftentimes when an “Elon tweet” comes out regarding Dogecoin, it gives a nice little boost to the price.

Most recently, Elon Musk revealed that he would be hosting SNL, dropping a single hint: Dogefather. This enigmatic message has spurred thousands of young people worldwide to invest in DOGE, which, although extremely risky, has been facing undeniably bullish price action as of late. Will Elon Musk’s SNL special provide the fuel needed for DOGE to power through to over a dollar, or will it be a ‘sell the news’ event?

Novogratz Draws Parallels to GME

Novogratz, in his interview, urged people to “listen to what Dogecoin is saying”, as he sees it as very comparable to the GameStop fiasco (where a group of young retail traders pushed GME to new heights, partially in an attempt to liquidate hedge funds that were shorting the stock).


ADVERTISEMENT

“There is nihilism and excitement to it,” Novogratz stated, adding, “there’s something really pure about it.”

Indeed, Dogecoin is not a successful ‘company’ in the traditional sense, and there is little to no innovative development work going on behind the scenes, but we’ve seen (in the stock market, for example) that the power of the masses if placed behind a single unifying idea, can work wonders.

It’s a massive game of tug of war — whether or not Dogecoin can sustain this dizzying momentum remains to be seen. One thing is for sure: millions of people will be tuning in to watch SNL this week.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/doge-is-young-peoples-middle-finger-to-the-system-says-mike-novogratz/

Continue Reading

Blockchain

Latin America’s Biggest Online Marketplace, MercadoLibre, Disclosed Bitcoin Holdings

Republished by Plato

Published

on

On a financial results report dated May 5th, e-commerce giant MercadoLibre dropped the bomb. The company is the latest institution to add Bitcoin to its balance sheet. It follows MicroStrategy, Square, and Tesla’s highly covered buys. Bitcoin’s institutional adoption is in its infancy, but advancing non-stop.

In the financial highlights for 2021’s First Quarter, the company wrote a succinct:

As part of our treasury strategy this quarter we purchased $7.8 million in bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets.

A modest allocation, considering MercadoLibre has almost $4B in assets, a cash reserve of $1.1B. It also has a market capitalization of approximately $76B. However, the move might be part of a bigger plan. The company recently opened a section on their website dedicated to real state commerce in Bitcoin and Bitcoin only. The pilot program includes 75 properties and 7 real state agencies willing to accept the cryptocurrency.

Related Reading | JPMorgan Partners With Singapore’s DBS to Launch Blockchain-Based Payment Platform

The Bitcoin-on-the-balance-sheet club

The investment puts MercadoLibre in a pretty exclusive club. The institutional adoption pioneer was MicroStrategy, a company that then issued bonds to buy even more Bitcoin. Twice. At the time, Bitcoinist reported:

Microstrategy announced today that it purchased $15 million worth of Bitcoin. The company’s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253 BTC, bringing its total holdings to about 91,579 BTC.

After that, Square announced a moderate buy of $50M worth of Bitcoin, and months later another one of $170M. It’s worth noting that the company buys and sells BTC through their flagship product CashApp. And that it keeps buying more. Six months ago, Bitcoinist reported:

Ikigai Asset Management’s Hans Hague recently noted that per his analysis, Square and Grayscale alone have accumulated $2.3 billion worth of Bitcoin in the past quarter.

The biggest player of all, of course, is Elon Musk’s Tesla. Reports that the company made more money from that investment than for selling cars are all over the Internet. In any case, Tesla made a big splash when it entered the space. Bitcoinist reported:

Traders flocked into the cryptocurrency market a day after American carmaker Tesla announced that it had purchased $1.5bn worth of Bitcoin as “alternative reserve assets” to their cash holdings.

In its filing with the Securities and Exchange Commission, Tesla said it plans to buy more Bitcoin in the future and—maybe—even enable its use as a medium of payment for its products and services.

MercadoLibre stock chart

MercadoLibre stock chart | Source: MELI on TradingView.com

Related Reading | Southampton FC Extend Partnership Deal with Blockchain Leader The Coingaming Group

More about MercadoLibre

It may not be a big name in the European and North American markets, but MercadoLibre is ubiquitous in Latin America. The company operates in:

  • Argentina
  • Brazil
  • Chile
  • Uruguay
  • Mexico
  • Spain
  • Bolivia
  • Venezuela
  • Colombia
  • Ecuador
  • Peru
  • Costa Rica
  • Dominican Republic
  • Guatemala
  • Honduras
  • Panama

In the quoted financial results report, they describe themselves as: 

Founded in 1999, MercadoLibre is the largest online commerce ecosystem in Latin America, serving as an integrated regional platform and as a provider of the necessary digital and technology-based tools that allow businesses and individuals to trade products and services in the region. The Company enables commerce through its marketplace platform which allows users to buy and sell in most of Latin America.

A question remains, will Bitcoin holdings make MercadoLibre’s stock rise?

Featured Image by Mark König on Unsplash - Charts: TradingView

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/latin-americas-biggest-online-marketplace-mercadolibre-disclosed-bitcoin-holdings/?utm_source=rss&utm_medium=rss&utm_campaign=latin-americas-biggest-online-marketplace-mercadolibre-disclosed-bitcoin-holdings

Continue Reading

Blockchain

Novogratz’s Galaxy Digital set to acquire BitGo for $1.2B

Republished by Plato

Published

on

Galaxy Digital is in the process of acquiring BitGo for $1.2 billion, which would be settled in stock and cash

Galaxy Digital, the firm owned by popular investor Mike Novogratz, is set to acquire BitGo, a leading independent digital assets infrastructure provider. The deal is worth roughly $1.2 billion and will be paid in both stock and cash.

In a press release yesterday Galaxy Digital said, “The acquisition will position Galaxy Digital as a leading global full-service platform for institutions seeking access to the crypto economy, offering an unparalleled breadth of industry-leading products and services at scale.”

Several reports surfaced last month, suggesting that the two companies are in advanced talks regarding an acquisition. Mike Novogratz, CEO and Founder of Galaxy Digital, said the acquisition of BitGo would turn his company into a one-stop-shop for institutions, boosting their efforts to institutionalise digital asset ecosystems and blockchain technology. Novogratz added, “The power of the technology, solutions, and people we will have as a result of this acquisition will unlock unique value for our clients and drive long-term growth for our combined business. We are excited to welcome Mike Belshe and the talented BitGo team to Galaxy Digital.”

Per the terms of the agreement, BitGo shareholders are set to receive 33.8 million newly issued shares of Galaxy Digital common stock. Furthermore, they will be paid $265 million in cash, which brings the total value of the deal to approximately $1.2 billion.

BitGo is one of the leading regulated custodians in the cryptocurrency sector. It currently provides services to over 150 exchanges and 400 institutional clients. BitGo controls over $40 billion in assets under management by supporting the custody of over 400 coins and tokens.  BitGo CEO and Founder Mike Belshe said joining Galaxy Digital is an exciting new chapter for the company, allowing their clients to access a wide set of financial solutions.

Galaxy Digital planning to go public in the US

Galaxy Digital is a publicly-listed company in Canada. However, the firm is planning to officially list on a US stock exchange this year. In that regard, the company’s board of directors approved a proposed reorganisation and domestication designed to help the company achieve its goal of going public in the United States.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinjournal.net/news/novogratzs-galaxy-digital-set-to-acquire-bitgo-for-1-2b/

Continue Reading
Blockchain3 days ago

Mastercard adds 6 blockchain payments startups to accelerator program

Blockchain22 hours ago

Major Law Firm CMS Adds Stratis (STRAX) to its Legal Accelerator Program

Blockchain2 days ago

Starcoll To Issue Limited Edition Star Wars Collectibles as NFTs

Blockchain2 days ago

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Blockchain2 days ago

eBay could add a crypto payment option, says CEO

Blockchain3 days ago

S&P DJI Releases Bitcoin and Ethereum Indexes

Blockchain1 day ago

China’s Central Bank to Partner With Alibaba’s Ant Group on Digital Yuan

Blockchain2 days ago

‘This ain’t no game’ as DOGE briefly flippens Nintendo and takes #4 spot from XRP

Blockchain3 days ago

Iranian companies can now pay for imports with officially mined cryptocurrencies.

Blockchain2 days ago

Bitcoin Miners Moving Away from China, F2Pool Observes

Blockchain1 day ago

Here Is Why XRP Volume Has Recover Across Payment Corridors

Blockchain3 days ago

CBDCs Could Harm Bitcoin But BTC May Replace Gold as a Store of Value: Deutsche Bank

Blockchain2 days ago

S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether

Blockchain2 days ago

Another XRP lawsuit update: SEC accuses XRP Holders of ‘reciting’ Ripple’s litigation position

Blockchain2 days ago

Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

Blockchain2 days ago

The Reason for Ethereum’s Recent Rally to ATH According to Changpeng Zhao

Blockchain2 days ago

Bybit Launches Ether (ETH) Cloud Mining Service as Demand Booms

Blockchain3 days ago

Qredo raises $11M in seed funding to launch new cross-chain asset management infrastructure

Blockchain2 days ago

eBay is Considering Adding Crypto Payments & NFT Sales

Blockchain2 days ago

Bitcoin and Ethereum Indices Debut on S&P Dow Jones

Trending