Connect with us

Blockchain

Japanese soccer star Keisuke Honda launches his own crypto

Crypto and blockchain matter for the global soccer community.

Avatar

Published

on

A Japanese professional soccer player is launching his own cryptocurrency to boost fan engagement.

Keisuke Honda, former Japan midfielder and currently a captain of the Brazilian professional league team Botafogo, has launched his own token to build new connections with his fans, Cointelegraph Japan reported on Oct. 22.

The so-called “KSK Honda Coin” was launched on Thursday via Rally.io, a blockchain platform for creating video streaming and gaming applications. The new coin is intended to enable fans to interact with Honda.

Holders of KSK Honda token will be able to get exclusive content from Honda as well as interact with the player via private channels on Discord. “We decided to create a social token to build new connections with our most loyal fans,” Honda said.

The world-known soccer player said that the new token will allow him to connect with fans in a more open manner, providing a 100% transparency in knowing who holds coins in the fan community.

The global soccer community is moving deeper into the crypto and blockchain industry in search of new ways of connecting stars with their fans.

On Oct. 15, a top soccer club in Russia’s Premier League — Zenit St. Petersburg — signed on to the blockchain-based gaming platform Sorare to issue collectible and tradeable digital cards. In September 2020, Italian professional sports club SS Lazio signed a multiyear deal with crypto trading platform StormGain, enabling new fan engagement options through crypto.

Source: https://cointelegraph.com/news/japanese-soccer-star-keisuke-honda-launches-his-own-crypto

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 Data3 hours ago

Teen banking app Step reaches for the stars to raise $50 million

Big Data3 hours ago

Intel’s Habana starts to chip away at Nvidia in cloud with AWS deal

Big Data3 hours ago

U.S judge hearing Google case rejects government’s protective order request

Big Data3 hours ago

Uber, JetBlue join Amazon-backed Climate Pledge

Big Data4 hours ago

Simple & Intuitive Ensemble Learning in R

Aerospace4 hours ago

50,000th PT6 engine rolls off Pratt & Whitney’s production line

Aerospace5 hours ago

Helicopter sale strengthens GKN Aerospace’s defence portfolio

Aerospace5 hours ago

Construction starts on AMRC North West in Lancashire

Aerospace6 hours ago

Automatic evaluation of X-ray detector performance

Aerospace6 hours ago

Otto Aviation selects VOLTA as its collaborative MDO framework

Aerospace6 hours ago

Harnessing innovation crucial to UK aerospace and defence future

Crowdfunding8 hours ago

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

Big Data8 hours ago

NoSQL for Beginners

AR/VR8 hours ago

Solaris Offworld Combat’s Squad Update Allows Friends to Teamup

Big Data8 hours ago

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

Start Ups8 hours ago

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

Start Ups9 hours ago

Tata inches closer to make foray into Online Grocery Biz

Big Data9 hours ago

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

Big Data9 hours ago

UK watchdog studies ‘range anxiety’ in electric vehicle charging

Big Data9 hours ago

Salesforce to buy workplace app Slack in $27.7 billion deal

Aerospace9 hours ago

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

Big Data9 hours ago

Do China tech giants pose a risk for European banks?

Aerospace9 hours ago

Paragraf drives electric transport revolution with graphene sensors

Start Ups10 hours ago

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

Blockchain News11 hours ago

Active Bitcoin Addresses Hit Third-Highest Level in November

Aviation11 hours ago

Major US Airlines Pause Nonstop Flights To Shanghai

AI11 hours ago

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

Aviation11 hours ago

HOP’s Embraer Fleet To Be Rebranded As Air France

AI11 hours ago

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

Aviation11 hours ago

UK approves Australia-purchased vaccine

Trending