Connect with us

Blockchain

Cathie Wood: ESG, Musk Hurt Market but Bitcoin ‘impossible to shut down’

Cathie Wood, an iconic crypto investor, has reassured Bitcoin investors is stating that in her view the bitcoin cannot be banned and as such the […]

Published

on

Cathie Wood, an iconic crypto investor, has reassured Bitcoin investors is stating that in her view the bitcoin cannot be banned and as such the market is very much here to stay. Her comments come amidst a harsh regulatory climate that is weighing on cryptocurrencies.

Cryptocurrencies have been under heavy scrutiny in China, Europe, and the US. This is seen as one of the main cause of the market crash that has been taking place in recent days. However, according to Cathie Wood of exchange traded funds issuer and manager Ark Invest, virtual currencies will continue to grow and would be ‘impossible to shut down.’

Concerns of Bitcoin’s Impact on Environment

Speaking during the CoinDesk Consensus 2021 conference, the founder of Ark Investment Management LLC, Cathie Wood, said the regulatory environment towards cryptocurrencies would change as people sought to tap into the innovations offered by the sector.

The recent blow to the crypto market came from China after regulators cracked down on crypto mining activities. The crackdown comes after concerns over the use of harmful coal to mine Bitcoin. Elon Musk had earlier suspended the use of Bitcoin as a means of payment by Tesla, citing environmental concerns.

Wood also stated that the concerns about the impact of Bitcoin mining on the environment had affected the number of institutions purchasing Bitcoin. However, she remained optimistic that the value of the token will increase in the long term. Bitcoin’s impact on the environment has raised doubts over the viability of using the token as a store of value or means of exchange.

Finding a Solution

Elon Musk has been looking into how to curb the environmental impact of Bitcoin mining. The Tesla CEO organized a meeting with crypto miners in North America to tap see how they could tap into the renewable energy sector. However, it would take several years for this plan to be actualized. In the meantime the Bitcoin Mining Council formed by the parties represented at the meeting – and others that have joined subsequently such as Argo Blockchain – has committed to auditing energy usage.

Ark Investment, together with Square, published a white paper a while back stating that cryptocurrency mining would help incentivise the renewable energy sector.

Wood also looked into how capital gains taxes had affected the volatility of the stock market. She believes the tax regime has heightened market volatility to a significant degree.

However, amid the crypto market crash, there has been a high level of resilience, with bitcoin likely to be rangebound around the mid $30ks. In addition, some institutional investors have also been buying the dip, including Ark.

At the time of writing, Bitcoin was trading at around $35,000, an 8% decline in 24 hours. The token has declined sharply since printing an all-time high of $65,000 in April this year.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/cathie-wood-esg-musk-hurt-market-but-bitcoin-impossible-to-shut-down

Blockchain

GK8, Securrency to Aid Tokenized Security Compliance

Published

on

Digital asset cybersecurity company GK8 has partnered with Securrency, a Fintech and Regtech firm which tokenizes securities, equities, and commodities. GK8’s enterprise-grade end-to-end custodial solution will be available to Securrency’s clients as Securrency creates a global ecosystem built around a universal, interoperable compliance core. While institutions are… Read More

The post GK8, Securrency to Aid Tokenized Security Compliance appeared first on Crowdfund Insider.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/08/178783-gk8-securrency-to-aid-tokenized-security-compliance/

Continue Reading

Blockchain

World-Renowned Photographer Christina Jansen to Release First Muhammad Ali Digital Collectibles with dMerch.io

Published

on

Never Before Seen Photos of “The Greatest” Available for Digital Collection on the WAX Blockchain

The Worldwide Asset eXchange (WAX) is partnering with world-renowned photographer Christina Jansen and Dublin-based NFT agency, dMerch.io to bring to life the Muhammad Ali Series 1 digital collection. The collection contains 136 unique digital collectables, all showcasing the vibrant personality of Ali himself and will be available on WAX blockchain starting on August 10, 2021 at 1pm EST / 10 am PST.

Throughout his iconic 21-year professional career, Ali was unconventional and incredible for the world to watch. He was an Olympic gold medalist, accumulated 56 victories, and was the first boxer in history to claim the heavyweight championship belt three times.

In 1986, Jansen and Ali met for the first time at a commercial shoot at Fulham Studios. Instantaneously, the duo connected, and Jansen admired Ali’s humble nature. Since her encounter with Ali, Jansen has gone on to photograph celebrities, athletes, and fashion icons.

“Photographing Muhammad Ali was one of the most inspiring jobs I have ever had. Over a period of two weeks on and off the set I witnessed how he treated everyone who approached him the same. It didn’t matter to Ali where you came from or what you did. I felt so blessed to have the chance to talk to him and get to know this great man like a close friend.  Ali told me his Philosophy in life – If you reach for the moon you might end up next door, but if you reach for the stars you will get to the moon. He encouraged me and others to reach for their goals and not be afraid to take risks in life,” said Jansen.

Adam Bouktila, COO for dMerch, praised Christina’s photographs which have not been seen by a wider audience:

“This collection is amazing for the close connection between Ali and his photographer. These are not paparazzi shots taken at random. These are beautifully crafted images taken over a two-week period where subject and artist forged a close and powerful connection. The connection makes the images come alive.

“And with NFT technology we can now share these images with the world. As a Mohammed Ali fan this is a huge privilege for me to be involved in this project.”

Since his passing in 2016, Ali’s life and love for mentoring others will be revealed through Jansen’s intimate, never-before-seen photographs for fans to collect and enjoy as digital collectibles on the WAX Blockchain. In her very first WAX collection, Jansen will offer the proceeds of an extremely special “Boxing Futures” pack featuring a single, ultra-rare Muhamad Ali digital photograph to aid Boxing Futures, an organization that aims to help disadvantaged youth by providing a safe space for them to improve their physical and mental health through boxing all while learning to build relationships and find motivation.

“This collection is both a personal and professional triumph that allows us to give back to a deserving group and pay homage to Muhammad Ali’s legacy,” says Jansen.

The intimate photos of the boxing superstar will be available in six (6) ring-worthy rarities, including:

  • Classic
  • Negative
  • Gallery
  • Photographer
  • Championship
  • Behind the scenes

As a special thank you for their support of the collection, Championship card buyers will be automatically entered into a randomized drawing for a chance to claim one (1) of (3) unique physical prints.

The Muhammad Ali Series 1 digital collection will feature 5,000 Classic Packs, 3,000 Photographer Packs, and 1,000 Boxing Futures Packs and are available in the following sizes:

  • Classic Packs containing 5 digital collectibles for $19.99
  • Photographer Packs containing 25 digital collectibles for $49.99
  • Boxing Futures containing 1 digital collectible for $9.99

There will be a “stress test” prior to the official launch day on August 9 at 1pm EST / 10 am PST. Fans can sign-up through the official WAX Discord and will receive a free promo-pack as a “thank you” for participating.

About WAX
The Worldwide Asset eXchange™ (WAX), is the world’s #1 blockchain, as measured by number of users and transactions, according to Dappradar.com. WAX’s mission is to bring digital collectibles to the mass market in the safest, most secure, environmentally friendly, and easy-to-use marketplace in the world. WAX is also the leading entertainment digital collectibles network — in 2018, WAX introduced vIRLs®, giving consumer product companies the ability to directly link digital collectibles to physical consumer products. Co-founded in 2017 by William E. Quigley and Jonathan Yantis, WAX has facilitated the trade of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer. For more information, please visit https://wax.io and follow along on Twitter and Discord.

About Boxing Futures
Boxing Futures is a dynamic charity which works to improve the physical and mental health and wellbeing of disadvantaged young people. We empower young people by building positive relationships, developing core soft skills and increasing confidence and motivation.

###

Media Contact:

[email protected]

Source : Plato Data Intelligance

Continue Reading

Blockchain

Meat Food Production Giant Oscar Mayer Auctions Disposable Packaging “Hot DOGE” Wiener

Published

on


An American meat and cold cut production company Oscar Mayer, owned by the American food giant Kraft Heinz, used the eBay e-commerce platform to auction a single package of “Hot Doge Wieners” worth 10,000 Dogecoins. (Read More)
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/meat-food-production-giant-oscar-mayer-auctions-disposable-packaging-hot-doge-wiener

Continue Reading

Blockchain

NFT Trading Platform Giant MakersPlace Completes $30M in Series A Financing

Published

on


Non-Fungible Token (NFT) trading platform MakersPlace announced the completion of a $30 million Series A financing jointly led by Bessemer Venture Partners and Pantera Captial. (Read More)
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/nft-trading-platform-giant-makersplace-completes-30m-series-a-financing

Continue Reading
Blockchain2 hours ago

GK8, Securrency to Aid Tokenized Security Compliance

Crowdfunding2 hours ago

Whiplash: Robinhood Files Registration Statement to Sell 98 Million Shares, Price Drops

AI2 hours ago

Sentiment Analysis Tools Well-Timed in a Low-Empathy Era 

2 hours ago

AI in Healthcare: Lessons Learned From Moffitt Cancer Center, Mayo Clinic  

AI2 hours ago

AI in Healthcare: Lessons Learned From Moffitt Cancer Center, Mayo Clinic  

Biotechnology2 hours ago

Gerald Wogan, professor emeritus of biological engineering, chemistry, and toxicology, dies at 91

AI2 hours ago

Securing Digital Identities with Help of AI New Path After Pandemic of 2020  

Aerospace2 hours ago

Chinese rocket launches two small satellites to test communications tech

Aviation2 hours ago

Historic Photo: Air Algerie Sud Aviation SE.210 Caravelle 6N 7T-VAK (msn 73) PMI (Jacques Guillem Collection). Image: 954633.

AI2 hours ago

Experiences in Smart City Challenges Such as in Columbus, Ohio, Sobering  

Esports2 hours ago

Fortnite Season 7 Week 9 Challenges

Esports2 hours ago

Nintendo Switch Has Officially Outsold PlayStation 3, Xbox 360

Esports2 hours ago

Back 4 Blood Beta Code Not Working: How to Fix

Esports2 hours ago

Open Roads Studio Co-Founder Steps Down Amid Allegations of Toxicity

Crowdfunding2 hours ago

Chip Shortage Impacting Payment Card Industry: Report

Esports3 hours ago

Team Envy signs yay to VALORANT roster

Esports3 hours ago

How to Check If You’re Close to Receiving an Heirloom

Esports3 hours ago

SPELLAN Benched by Mad Lions

Energy3 hours ago

Global Disinfectant Markets 2021-2025 – Hospital Acquired Infections, Household Expenditure, Growing Urban Population, Accelerating Food Industry, E-Commerce Sales & Demand of Disinfecting Wipes

Esports3 hours ago

Latest Overwatch live patch tackles Wrecking Ball and DPS balance

Aviation3 hours ago

Vaccinated Friends Fly Free: Frontier Airlines introduces incentive for flyers to get vaccinated with update to Friends Fly Free Program

Crowdfunding3 hours ago

This Week, SharesPost and Forge Global Start Operating as One

Quantum3 hours ago

Classical causal models cannot faithfully explain Bell nonlocality or Kochen-Specker contextuality in arbitrary scenarios

AI3 hours ago

Edge Cases And The Long-Tail Grind Towards AI Autonomous Cars 

Cleantech3 hours ago

Australian Miners Line Up For A Slice Of The EV Pie

Esports3 hours ago

Decks to try during week one of Hearthstone’s United in Stormwind expansion

Quantum3 hours ago

Optimal local unitary encoding circuits for the surface code

Energy3 hours ago

Global Choline Chloride Market Report 2021-2026: Increasing Awareness for Feed Supplements Driving Market Growth

Energy3 hours ago

Dana Incorporated to Participate in J.P. Morgan Auto Conference

Esports4 hours ago

Call of Duty: Black Ops Cold War season 5 roadmap reveals new game mode, guns, Zombies content, and the return of Slums

Trending