Connect with us

Blockchain

Coinend: 1, 2, 3, Take off – New gamified crypto prediction platform!

Coinend has announced the launch of its cryptocurrency gamified platform.  GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama. It allo

The post Coinend: 1, 2, 3, Take off – New gamified crypto prediction platform! appeared first on AMBCrypto.

Avatar

Published

on

Coinend has announced the launch of its cryptocurrency gamified platform.  GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama. It allows users to predict the closing price based on hourly, daily, and weekly prices of various cryptocurrencies, with a reward for all participants.

In a statement by the CEO, Godspower Egbetamah, “the company is now set to explore the gamified niche of the cryptocurrency industry and focus on sharing reward for all participants. The pool prize per event is shared by both the winners and the runners-up in each event pool based on a 30% (winners) to 70%(runners-up) sharing system powered by blockchain for transparency”.

Source: Blockly

In the new announcement, the company is set to provide a platform for users to predict and place bets on future values of cryptocurrency. With this, crypto enthusiasts can come together and predict the value of BTC/USD AND ETH/USD for the closing price of a cryptocurrency with an equal amount of bitcoin token per participant in an event pool. The predicted value in USD of a given cryptocurrency for each event goes into a live event pool, where every participant in the pool gets to see how close their predicted price value is to the current price value until the end of the event pool.

Apart from this, the company is also set to explore the Decentralized Finance (DeFi) aspect of cryptocurrency by providing a platform where users can have access to a loan in a peer-to-peer manner. Decentralized Finance is one of the most quickly growing innovations in financial services that aim for a broader approach of generally decentralizing the traditional financial industry. The core of the initiative is to open traditional financial services to everyone, by providing a permission-less and peer to peer financial service ecosystem based on blockchain infrastructure.

Source: Blockly

As such, Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. The core traditional financial service use cases that are currently being revolutionized by DeFi include trading, lending, investment, wealth management, payment, and insurance. This is being made possible by blockchain technology, and it is the core of the existence of the company as mentioned by its COO, Victory Onojohwo.

In the case of Coinend, the company will be focusing on the lending aspect of DeFi so that platform users can lend themselves up to 1 BTC and earn a profit (interest) without even participating in a pool event. Worthy to note is that 91.024294 BTC has been distributed between platform users since inception.

With this launch, Coinend is committed to creating a transparent community that shares rewards among members and drives cryptocurrency inclusion for many. During the announcement, Coinend management board also announced a new website design that highlights how the gamified platform and its reward system is set to work and a new mobile application with a flawless user interface. This will allow participants to easily place bets and see the prize pool on the platform for the currency for which the events are running.

As it is known that a good whitepaper is considered to be the single most important form of business collateral because it drives client acquisition via leads generation, mindshare building, opening doors to new sales opportunities and having 76% of investors used them as part of their decision making efforts.  The team also announced a new whitepaper that is professionally rewritten to augment its marketing efforts. This is available for download on the website.

The company understands that having a strong management and a proven technical strategy in place is fundamental to its success. As such, its portfolio construct is primarily driven by its focus on the cryptocurrency/blockchain industry as a whole, and this is why only the best brains in the industry have come together to achieve this landmark feat.

The team consists of impressive experts in the cryptocurrency/blockchain niche, professionals in the digital marketing solution niche, and thought leaders in tech that maintain the performance of the company’s reward sharing system so that it can run in a highly scalable environment without issues.

In the coming days, Coinend will start rolling out more information about its activities and reward system to consolidate its position in the cryptocurrency gaming niche and strengthen its portfolio.

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

Source: https://eng.ambcrypto.com/coinend-1-2-3-take-off-new-gamified-crypto-prediction-platform

Blockchain

NYDIG raises $100 million from a single investor for its new crypto fund

Crypto asset manager NYDIG has raised $100 million from a single investor for its new fund — Digital Assets Fund II.

The post NYDIG raises $100 million from a single investor for its new crypto fund appeared first on The Block.

Avatar

Published

on




NYDIG raises $100 million from a single investor for its new crypto fund



















Source: https://www.theblockcrypto.com/linked/86373/nydig-fund-ii-crypto-100-million-btc?utm_source=rss&utm_medium=rss

Continue Reading

Blockchain

Coinbase to Support Ethereum 2.0 Trading and Staking Rewards in 2021, ETH Recovers From Bull Run

Avatar

Published

on

Coinbase digital currency exchange voiced its support for Ethereum 2.0, the blockchain upgrade that launched at 12 pm UTC yesterday.

Ethereum illustrated on smartphone for trading and investing

While Ethereum (ETH) developers were previously worried that the required amount of staked Ether would not be locked in in time for ETH 2.0 genesis, the deposit contract more than exceeded all expectations, by topping the 524,288 ETH. According to on-chain analytics, at least 870,689 ETH were staked in anticipation of the new blockchain upgrade, which runs in parallel with Ethereum’s current mainnet.

Coinbase exchange expressed its support for ETH 2.0 and said:

“Coinbase intends to fully support ETH2 through staking and trading.”

Through an official blog post, the US-based digital exchange announced that it was planning to make its platform interoperable with Ethereum 2.0, by supporting staking rewards and trading. Even if Ethereum 2.0 tokens will remain locked on the network’s beacon chain, trading between ETH2 and Ethereum’s current blockchain will be supported on Coinbase. Per the announcement:

“While staked ETH2 tokens remain locked on the beacon chain, Coinbase will also enable trading between ETH2, ETH, and all other supported currencies providing liquidity for our customers.”

Coinbase intends to roll out this functionality by early 2021, and this will enable its customers to convert Ether in their accounts to ETH 2.0 blockchain directly to earn staking rewards.

What is so great about Ethereum 2.0?

On Ethereum 2.0 mainnet, which will be merged with the current blockchain during a transitionary period of two years, energy efficiency, low gas prices, and high scalability are to be expected.

The launch of Ethereum 2.0 will happen in phases, with the current one being Phase 0. This is to enable developers to perfect every part of the blockchain, which is a transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) protocol. Previously, crypto miner Dwain Pereira explained the difference between the two types of consensus:

“The Proof of Work Blockchain model uses more electricity than some countries […] So the Proof of Stake model will be both energy efficient and more lucrative for stakers.”

According to the miner, the energy costs of PoW blockchains are paid with fiat, resulting in a “downward pressure” on cryptocurrencies’ value.

It may take two years before Ethereum 2.0 is fully completed, but the main target is to create a “stable and dependable system in the long run,” according to Ethereum co-founder Vitalik Buterin.

Ether bulls currently recouping

Following Ethereum’s new mainnet launch, Ether was expected by traders to surge, but it has been down 2.74% in the last 24 hours on CoinMarketCap, trading at $591.25 after having pushed past the resistance level of $600 earlier this week.

The retracement may be partially due to Bitcoin (BTC)’s pullback in price, after the mainstream cryptocurrency recorded a ground-breaking all-time high nearing $20K. Altcoins and BTC alike seem to be recovering at the moment, trading lower after a massive bull run. This is expected to be a temporary retracement before they continue their upward trajectory. 

Image source: Shutterstock Source: https://Blockchain.News/news/coinbase-support-ethereum-2.0-trading-staking-rewards-2021-eth-recovers-bull-run

Continue Reading

Blockchain

Libra rebrands to ‘Diem’ in bid to shake off the negative first impression of regulators

The Facebook-backed Libra Association is shaking up its mission — and it’s got a new name to go along with it. 

The post Libra rebrands to ‘Diem’ in bid to shake off the negative first impression of regulators appeared first on The Block.

Avatar

Published

on




Libra rebrands to ‘Diem’ in bid to shake off the negative first impression of regulators


















Source: https://www.theblockcrypto.com/linked/86342/libra-diem-stablecoin-rebrand?utm_source=rss&utm_medium=rss

Continue Reading

Blockchain

Crypto exchange volume soared in November, reaching $289.25 billion for the month

Trade volume across legitimate crypto exchanges rose by 134% in November compared to the previous month, according to data collected by The Block Research.

The post Crypto exchange volume soared in November, reaching $289.25 billion for the month appeared first on The Block.

Avatar

Published

on




Crypto exchange volume soared in November, reaching $289.25 billion for the month



















Source: https://www.theblockcrypto.com/linked/86344/crypto-exchange-volume-november?utm_source=rss&utm_medium=rss

Continue Reading
Big Data2 hours ago

Simple & Intuitive Ensemble Learning in R

Aerospace4 hours ago

Otto Aviation selects VOLTA as its collaborative MDO framework

Aerospace4 hours ago

Harnessing innovation crucial to UK aerospace and defence future

Crowdfunding6 hours ago

Payment Service Provider PingPong Payments Secures E-Money License in Luxembourg

Big Data6 hours ago

NoSQL for Beginners

AR/VR6 hours ago

Solaris Offworld Combat’s Squad Update Allows Friends to Teamup

Big Data6 hours ago

RPA‌ ‌in‌ ‌Banking‌ ‌and‌ ‌Finance‌ ‌Industry:‌ ‌The‌ ‌Use‌ ‌Cases‌ ‌and‌ ‌Benefits‌ ‌

Start Ups6 hours ago

Messaging Software Startup Aampe Raises Rs 13 Crore From Sequoia India Surge

Start Ups7 hours ago

Tata inches closer to make foray into Online Grocery Biz

Big Data7 hours ago

Droning the drove: Israeli cow-herders turn to flying tech

Big Data7 hours ago

UK watchdog studies ‘range anxiety’ in electric vehicle charging

Big Data7 hours ago

Salesforce to buy workplace app Slack in $27.7 billion deal

Aerospace7 hours ago

Valuechain’s MES solution now integrates PrintSyst’s AI Engine

Big Data7 hours ago

Do China tech giants pose a risk for European banks?

Aerospace7 hours ago

Paragraf drives electric transport revolution with graphene sensors

Start Ups8 hours ago

Genesis Therapeutics raises $52M A round for its AI-focused drug discovery mission

Blockchain News9 hours ago

Active Bitcoin Addresses Hit Third-Highest Level in November

Aviation9 hours ago

Major US Airlines Pause Nonstop Flights To Shanghai

AI9 hours ago

Facial recognition tech: risks, regulations and future startup opportunities in the EU

Aviation9 hours ago

HOP’s Embraer Fleet To Be Rebranded As Air France

AI9 hours ago

KDnuggets™ News 20:n45, Dec 2: TabPy: Combining Python and Tableau; Learn Deep Learning with this Free Course from Yann LeCun

Aviation9 hours ago

UK approves Australia-purchased vaccine

Start Ups9 hours ago

Valencia-based Jeff raises €17.4 million and confirms launch in the US

Blockchain News9 hours ago

OKEx Announces Support for Spark (FLR) Airdrop as XRP Holders Prepare for Token Distribution

Start Ups10 hours ago

Stockholm-based Voi Technology lands more than €132 million to boost its geographic and fleet expansion

Big Data10 hours ago

Nordigen launches first-ever free open banking platform to challenge Tink and Plaid

Aerospace10 hours ago

Ontic acquires instruments product line from Flightline Electronics

Blockchain10 hours ago

NYDIG raises $100 million from a single investor for its new crypto fund

Aviation10 hours ago

FAA Issues First Boeing 737 MAX Airworthiness Certificate Since 2019

Blockchain News11 hours ago

SushiSwap (SUSHI) Token Price Surges Over 15% After Merger with Yearn.finance

Trending