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Cardano (ADA) Records its Highest Daily Close Ever

Cardano token ADA has closed its highest daily close ever at $1.47 on Binance crypto exchange and close to hitting its new all-time high.

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Cardano token ADA has closed its highest daily close ever at $1.47 on the Binance crypto exchange. The altcoin is somewhat close to hitting it’s new all-time and currently trading at $1.50 at the time of writing.

Cardano (ADA) At a Renewed Momentum

In February, ADA was the talk of the town, soaring by 350% amid the anticipation of March’s Mary update that had transformed Cardano into a multi-asset blockchain. The altcoin is currently ranked as the 7th-biggest cryptocurrency in the world with a market cap of more than $47 billion.

The altcoin had been mostly trading sideways over the past few months behind Ethereum, Binance Coin, and, of course, Dogecoin.

ADA’s renewed momentum could be attributed to IOHK’s recent partnerships in Africa. Earlier last week, the Cardano team announced reaching a major deal with the Ethiopian industry to decentralize the education sector.

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The company said that this was the world’s biggest blockchain deployment as it will reach millions of customers. The community is also anticipating the Alonzo hard fork, which will finally bring smart contracts to the Ethereum competitor.

The cryptocurrency has already passed the psychological threshold price of $1, a few months ago. Just this year alone, the price of cryptocurrency has risen by more than 600%. The bullish continued patterns on Cardano are overwhelmingly indicative of continued upside momentum.

Kraken Adds Staking for ADA

Recently, the U.S.-based Kraken cryptocurrency exchange announced enabling staking for ADA cryptocurrency. The exchange said it will offer rewards between 4% to 6% per anum for ADA holders.

Unlike other crypto exchanges, there will be no waiting period where people can get to start earning instantly. They will also receive their rewards every week.

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Reacting to the latest staking news, the price of Cardano (ADA) bounced back after days of consolidation.

Cardano (ADA) offers an incredible alternate to Bitcoin and other high-priced cryptos at the time. One of its founders, Charles Hoskinson, is also the former co-founder of Ethereum, whose inclusion adds more weight to the platform’s reputation.

#ADA #Cardano

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Source: https://www.cryptoknowmics.com/news/cardano-ada-records-its-highest-daily-close-ever

Blockchain

Sam Bankman-Fried Claims Institutional Demand for Crypto is Growing

The co-founder of FTX crypto exchange, Sam Bankman-Fried discusses rising institutional demand for crypto and his agenda.

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The co-founder of FTX crypto exchange, Sam Bankman-Fried has been garnering increased public attention, with his ventures growing in prominence. Many observers in crypto circles were hoping for him to become a key lobbyist for the sector after his donation to Joe Biden’s presidential campaign. And even though he’s willing to discuss his involvement in the market and subjects like the rising institutional demand for crypto, he insists that’s he not attempting to conjure facts that suit his narrative.

Bankman-Fried Suggests Institutional demand for Crypto Is On The Rise

SBF is clear about the fact that he’s glad to discuss the market and that he certainly has an agenda. But he also emphasizes that he will not create facts to fit his own narrative.

He stated, You know, to the extent I have an agenda, I just want it to flow from my actual thoughts and beliefs. So that’s all I have to talk about is my thoughts and beliefs rather than try and create a fact pattern that happens to fit where I want it to go or something like that.”

On the subject of institutional adoption, Bankman-Fried underlines that many out there are “desperate” to set a foot in the crypto sphere. But many institutions are unclear about their trajectory or what they are trying to accomplish. He advises incoming players to define clear goals and then understand how the industry works. 

SBF Weighs on Ethereum vs Solana

Bankman-Fried also revealed his views on the Ethereum vs Solana debate. Ethereum advocates have repeatedly cited the benefits of its ecosystem moat but SBF doubts that this moat is invincible. Solana is not well-known outside the crypto community at the moment but it claims to be faster than Ethereum and boasts the capability of processing 65,000 transactions per second(TPS). 

Explaining his views, Bankman-Fried said, “I think that’s one of the fundamental tensions here, is that like this moat is insurmountable if crypto never grows. But if crypto gets 50 times bigger, the moat is two percent of the eventual pie. The other piece of this, right, is why is the most valuable as a business? A moat is valuable to keep other people out. A moat doesn’t let you grow itself, right? It gets rid of a particular impediment to your growth, which is competitors, but a moat isn’t growth itself.”

In a recent interview with Bloomberg, SBF disclosed that he had been approached by several SPACs who wanted to take the FTX exchange public. A special purpose acquisition company(SPAC) is also known as a ”blank check company” listed on the stock market to generate funding that allows it to merge with another firm. 

READ  Fund Manager Discusses Three Factors that Will Trigger Next Bitcoin Rally

#Ethereum vs Solana #Institutional Demand #Sam Bankman-Fried

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Source: https://www.cryptoknowmics.com/news/sam-bankman-fried-claims-institutional-demand-for-crypto-is-growing

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PINASining II: More Advice from Past Winners as Contest Deadline Draws Near

PINASining II is the second voxel contest for creators to build Philippine-themed voxel assets for the Metaverse.

The post PINASining II: More Advice from Past Winners as Contest Deadline Draws Near appeared first on BitPinas.

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BlockchainSpace recently unveiled the Sandbox Philippines PINASining Gallery. Displayed on Cyber, a digital gallery for NFTs, it showcases art submitted to the PINASining contest held last May. 

The Sandbox together with the BlockchainSpace is bringing back PINASining II to promote creators in the Philippines and around the globe. PINASining II is the second voxel contest for creators to build Philippine-themed voxel assets for the Metaverse. Check the mechanics here and apply using this Google Form. (Deadline is June 18, 2021) For more information visit the https://www.facebook.com/groups/thesandboxph/.

The tweet shared by BlockchainSpace features all the voxel pieces created by the participating creators compiled in Cyber’s NFT gallery. This includes works of 1st place winner iLasining and 2nd place winner Focc_x.

According to Peter Ing, founder of BlockchainSpace and Philippines Ambassador for The Sandbox, many Filipinos already familiar with voxel artwork from Minecraft and Roblox find the transition to building on The Sandbox easy. The difference is that in creating for Sandbox, the pieces created can be monetized. “The narrative for Filipino artists and creators is extremely compelling, those who previously invested hours building assets in voxel based games can now monetize their efforts  by selling the artwork and game assets that they create,” Peter said in a statement.

The Sandbox, is a decentralized, community-driven game platform, it’s a virtual world where players can build, design, personalize, own, monetize their gaming experiences in the ethereum blockchain. 

Interview with Past Winners: Kaz Pios, 3rd Place Winner

Kaz, creator of the famed “Pistang Pinoy” said that winning the contest allowed her to receive support from The Sandbox’s Creator Fund, an initiative to support artists by rewarding and incentivizing them to create 3D assets for The Sandbox platform. Artists are rewarded per asset basis of $2 to $60 per unique asset. Artists will also be able to sell their assets on The Sandbox’s integrated marketplace too.

“It took me about a week to learn and explore the various features of VoxEdit. It is user-friendly and easy to use in both creating and animating voxel arts,” Kaz said in an interview. Her advice to those wishing to join the contest is to plan out everything from the beginning:

“Plan out what you want to make, draw up a rough sketch, and start to create. Creating voxel art will take time, effort, and detail, but it’ll be worth it.”

Kaz, Creator

Ayesha Lara Montes, 4th Place Winner

Madrid-based artist Ayesha said her official entry “Tarsier” depicted the small primates (of the same name) native to the Philippines. She added she wants to show “the beauty of these little creatures to the world.”

Sha claimed that joining the PINASining contest got her more followers on Instagram. Currently she’s still making more voxel art.

Ayesha only has high praise for VoxEdit, a voxel editing tool developed by The Sandbox, saying it’s a very intuitive program that is easy to use for creators to start using without previous knowledge of other voxel software. VoxEdit enables artists and creators to make voxel assets that can be used in games in The Sandbox’s metaverse, equipped by player avatars and sold in The Sandbox marketplace.

Ayesha’s advice to those who are going to join the contest:

“Enjoy creating art, the energy, love and passion that you put into it can be transmitted by your creations.”

Ayesha Lara Montes, Creator

PINASining II is still accepting entries until June 18, 2021. For the complete contest mechanics: https://bitpinas.com/feature/pinasing-past-winners-interview/.

This article is published on BitPinas: PINASining II: More Advice from Past Winners as Contest Deadline Draws Near

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Source: https://bitpinas.com/feature/pinasining-ii-more-advice-from-past-winners/

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Blockchain Intelligence Firm TRM Labs Secures $14 Million in Funding

PayPal Ventures also participated in the latest investment round.

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TRM Labs, a blockchain intelligence company, yesterday announced that it has raised $14 million in the Series A funding round. The latest investment round was led by Bessemer.

According to the official announcement, PayPal Ventures, Jump Capital, and Blockchain Capital also participated in the recent round. The San Francisco-based company is facilitating financial firms and public agencies around the world in the detection and prevention of crypto-related fraudulent activities.

TRM Labs mentioned that the company has seen significant growth since the start of this year amid a surge in the adoption of cryptocurrency assets. The company saw a growth of 600% in revenue due to a substantial jump in the demand for crypto-related management and compliance software.

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Commenting on the latest announcement, Ethan Kurzweil, Partner at Bessemer Venture Partners, said: “The team at TRM Labs is building an extraordinary company that is going to be critically important in helping financial institutions safely transition to a new financial system for the digital age. TRM will also continue to be a strong partner to governments and regulators around the globe as they work to ensure that illicit actors don’t take advantage of this new financial system.”

TRM highlighted the importance of an efficient cryptocurrency risk management and compliance solution.

Crypto Compliance

Several companies worldwide have accelerated their efforts to integrate strong crypto-related compliance systems to tackle the potential involvement of digital currencies in money laundering and suspicious activities. TRM mentioned that the company’s risk management platform offers different solutions for cryptocurrency anti-money laundering (AML) and transaction monitoring. “At TRM we have built the next generation in blockchain intelligence with the mission of building a safer financial system for billions of people. We are thrilled to have the team at Bessemer lead our Series A and support that mission. This partnership is exactly what TRM needs to continue to invest in our clients in an industry characterized by explosive growth,” Esteban Castano, co-founder and CEO of TRM Labs said.

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Source: https://www.financemagnates.com/cryptocurrency/news/blockchain-intelligence-firm-trm-labs-secures-14-million-in-funding/

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The Winklevoss Brothers Have Formed a Musical Band

The Winklevoss twins have started a music band… Which is not surprising considering everything else they’ve done.

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The Bitcoin price crash has been so severe that the Winklevoss twins, arguably one of the largest BTC whales in the world, have decided to start a band to make ends meet.

Let’s Rock!

Ok, Ok; maybe we’re exaggerating, but a report from the celebrity gossip site Page Six claims that the multi-talented Winklevoss twins formed a band with their co-workers and are already close to playing their first “gig”.

“Tyler sings, Cameron plays guitar,” said an anonymous source. The band already gave its first show to a closed group of friends at Cameron’s NoHo loft this week.

According to the magazine, the twins will take things a step further and play for a much larger and more serious crowd in a matter of days.

Didn’t make the guest list? No worries. The source tells us the mini show was just a dress rehearsal for next week, when the 6’5″ pair – who were played by Armie Hammer in the 2010 movie “Social Network” – have invited 200 people over to see them jam.

No further details have been revealed. The band name is still unknown, the music style is a mystery, and the song repertoire has not been revealed to the public either. Still, if the past serves as a benchmark to judge the future, the band may not be all that bad – regardless of whether it is a hobby or a serious endeavor.


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From Sports to Tech: The Winklevoss Have Been There and Done That

If there’s one thing the Winklevoss twins have plenty of, it’s talent. As youngsters, they were on the Olympic rowing team, the idea of what would become Facebook began with them, and they saw the potential of Bitcoin when it was just a curiosity being discussed by a bunch of nerds on cryptography forums.

Today some estimates calculate their Bitcoin holdings at close to 1% of all the coins available; they are also the owners of Gemini, one of the most important regulated cryptocurrency exchanges in the United States; and have funded several visionary projects related to blockchain technologies such as the Nifty Gateway NFT marketplace.

So if there’s one thing we can be sure of, it’s that if they form a rock band, you’ll probably end up with at least one song stuck in your brain… Of course, that’s if you ever get to hear them play.

In the meantime, you’d better stick to following them on Twitter. If they ever buy a record label, we’ll let you know.

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Source: https://cryptopotato.com/the-winklevoss-brothers-have-formed-a-musical-band/

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