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BRD Wallet announces Tezos staking following integration

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Tezos [XTZ] has had a good 2021, with the cryptocurrency’s price noting year-to-date growth of over 158%. Ranked 24th on CoinMarketCap’s charts with a market capitalization of $3.69 billion, XTZ began the year with a value of $1.95, before trading at $4.88, at press time. According to many, this appreciation in XTZ’s value was the result of Bitcoin’s rally, coupled with organic developments in its ecosystem.

The growth seen by Tezos has sparked a lot of interest among users, with many companies and platforms now trying to get in too. BRD wallet is the latest to do so, with the firm recently announcing that its users will now be able to stake XTZ. In fact, BRD also revealed that it will support staking with the integration of the Tezos blockchain. Users will now be able to earn rewards with the cryptos stores on their BRD wallets.

Alison Mangiero, President of TQ Tezos, welcomed the development and stated,

“We are thrilled to see BRD incorporate Tezos staking functionality into its platform. Tezos was designed as a proof-of-stake network from the very start – one where all participants can actively help secure the blockchain, influence its development, and earn rewards along the way.”

TQ Tezos has been working towards advancing the Tezos ecosystem by creating open-source software and offering support to companies that want to build on Tezos. Just recently, Tezos announced Edo, its fifth and most anticipated upgrade to its blockchain. In fact, Tezos is also going to add Sapling protocol, along with tickets and a new Adoption Period, to support future upgrades to improve functionality.

According to the team, the Sapling protocol will help developers power “new types of applications” by incorporating “voting or supporting asset transactions with selective disclosures.” Meanwhile, a new Adoption Period has been introduced to address the challenges users face on the network during the transition period of new protocols.

With the new upgrade set to improve performance and lower gas consumption, Tezos’s market appears prepared to see the altcoin rally go further.


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Source: https://ambcrypto.com/brd-wallet-announces-tezos-staking-following-integration/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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