One of the most appealing factors is that Safemoon rewards people who hold the token by distributing funds that the platform receives from the people who sell the token. In addition, Safemoon has recently released its own wallet on Google Play. Many investors believe this is a sign that the company are in the growth phase, with more announcements in due course.
CoinSwitch Kuber recently become India's newest crypto unicorn amid the rise in popularity of cryptocurrencies even as government stance remains unclear CoinSwitch Kuber recently become India's newest, youngest and second crypto unicorn amid the rise in popularity of cryptocurrencies even as government stance remains unclear. Investors are betting on the digital tokens even as authorities scrutinize buying and selling of Bitcoin, Ethereum and other coins. Bengaluru-based CoinSwitch, founded in 2017, was launched as a global aggregator of crypto exchanges. It started its India operations in June last year. In an interaction with mint, CoinSwitch Kuber's co-founder and CEO Ashish Singhal talks about the story behind, future plans as it awaits India's clear stance on the crypto bill, advise to retail investors on what to look for when choosing to invest in cryptos, and much more. When we started trading in cryptocurrencies back in 2016, we noticed that the prices vary greatly across all exchanges due to them being determined by the demand and supply on each individual platform. Here, we found an opportunity for a platform that aggregates all the exchanges to enable users to find the right price of a cryptocurrency at any given time. Hence, CoinSwitch was founded in 2017 by the three of us. Our aim — make crypto investments as easy as ordering food online. At its peak, CoinSwitch was available as a global crypto aggregator in more than 160 countries. The company crossed 11 million registered users in a record 15 months in October with a diverse population as 55% of CoinSwitch Kuber’s users come from tier-2 and tier-3 cities. We were backed by the likes of Sequoia Capital, Paradigm and Ribbit Capital in Series A funding round in January 2021 and further raised funding from Tiger Global in Series B round in April 2021. In fact, Tiger Global approached CoinSwitch for the funding, instead of the other way around, indicative of the success in India. CoinSwitch Kuber was Tiger Global’s first investment in an Indian crypto company. Are you in talks with with the government for the crypto bill or to bring a clear stance on the same? Given the novelty of the technology, regulatory uncertainty is understandable. India’s policy landscape is shaping up in a way very similar to what we have seen in other countries that have regulated cryptocurrencies. It is important for India to lead the crypto and blockchain revolution and positive regulations from the Indian government can enable this as they will counter the existing hesitancy among many individuals and institutions, leading to greater adoption. CoinSwitch Kuber, along with other Indian crypto platforms, believe that crypto is a financial asset and not an alternative to fiat currency. What do you think of the retail ownership in cryptos which may be bringing too much volatility, especially leading to a rally in unknown coins? Since cryptocurrencies are at a nascent stage, they are volatile. Their prices will stabilise as the market matures. In the meantime, we recommend retail investors to assess the authenticity of a crypto asset by monitoring factors including the community behind the project, the problem it is solving, the market cap, historical performance to make an informed decision. We do not believe that the Indian government will ban crypto. The tone of the regulators has largely been positive and we expect encouraging regulations to be introduced. Given the government’s focus on digital India, we believe they will recognise the large-scale implications of fostering a crypto ecosystem that will contribute towards a technological and financial revolution. Is CoinSwitch trying to introduce or tap other markets apart from cryptos, and go into services across DeFi system? We currently do not have plans to tap into the DeFi ecosystem. However, we are planning to diversify our offerings to include multiple avenues of investment for the users through different products and asset classes. This is one of the key areas where the Series C funding raised will be utilised. CoinSwitch Kuber aims to introduce such traditional assets so that it becomes a one-stop platform for an investor’s entire investment journey. We plan to integrate our platform’s characteristic simplicity into these traditional assets too to become India’s preferred investment destination. While all investing carries some risk, that doesn’t mean all risk is created equal. Learn how to optimize your portfolio weighting for the best risk-adjusted returns using modern portfolio theory... False news that grocery giant Kroger would begin accepting Bitcoin Cash (BCH) as payment in its stores circulated online today before the company denied its truthfulness. Kroger Denies Bitcoin Cash... In recent years, the rise of Bitcoin and tokenized assets has made the cashback vertical ripe for disruption. Within the cashback market, blockchain-based loyalty networks are rising in popularity among... bZx, a widely-used DeFi protocol, has lost $55 million to an unknown hacker who it claims gained illegitimate access to its private key. It is still not clear how the... Tampa mayor Jane Castor implied on Twitter today that she may be willing to accept at least a portion of her pay in Bitcoin. The news appears to derive from... DeFi Risk Coverage Application Bridge Mutual Reveals its upcoming Version 2 update: Leveraged Portfolios, Reinsurance Pools, Shield Mining, and Plans to Lead DeFi Insurance. Bridge Mutual V1 successfully went live... Fantom still looks bullish despite the heightened volatility in the cryptocurrency markets. The Layer 1 blockchain’s FTM token has rebounded from crucial support with little to no resistance ahead. Fantom... Argo Blockchain has revealed that it may spend up to $2 billion in the construction of a crypto mining facility, called Helios, in the U.S. State of Texas. The information... Data from analytics platforms DappRadar and Token Terminal shows a boom in crypto gaming. In October, 55% of all unique active wallets connected to blockchain games, marking the third consecutive... Internet Computer Reboot (ICPR), the community-driven project that was forked from The Internet Computer Protocol (ICP) aims to create a more decentralized version for The original ICP protocol. Today, ICPR... Solana Ventures, FTX, Lightspeed Venture Partners Launch $100M Web3 Gaming Fund Solana Ventures, Lightspeed Venture Partners, and FTX have announced a joint $100 million initiative that will focus on blockchain gaming. $100M Crypto Gaming Fund Announced As crypto gaming looks set... XCOPY’s “A Coin For the Ferryman” has changed hands for $6 million worth of Ethereum. The crypto artist minted the one-of-a-kind piece in 2018. XCOPY Artwork Breaks Record Sales of... Square has released its quarterly earnings report, which includes profits and revenue from Bitcoin transactions and sales. Square’s Quarterly Bitcoin Revenue Is Down Square says that it saw $1.8 billion... Aave has published an update describing V3 of its protocol and the new features that will be included in the update. V3 Will Have Layer 2, Interoperability Features Aave’s latest...
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Brooks seems to be a strong supporter of cryptocurrencies and blockchain technology. Last year, he outlined their merits, saying:
Layer-2 Cardano “a necessity” as Hoskinson predicts a huge spike in network traffic Samuel Wan · 5 days ago · 2 min read
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Appointment by an Amsterdam-based company will be an energy-intensive process in which new digital tokens will be created after China banned cryptocurrency mining earlier this year.Delivered movement storm To an international company that intervened to fill the capacity gap.
After a mixed Friday for the broader market, a Bitcoin move back through to $62,000 levels would support the pack.
Chiefly, Binance will no longer permit U.S. passport holders to sign up for its global Binance.com service. That’s according to the company’s updated terms and conditions — “Binance is unable to provide services to any U.S. person” — which were confirmed to TechCrunch by a spokesperson.
Litecoin was released in October 2011 by ex-Google employee Charlie Lee. Launched with the intention of being a cheaper version of Bitcoin for everyday purposes, Litecoin was formed in a ‘hard fork’ (split) of the Bitcoin Core client, the free and open-source software that underpins the cryptocurrency. Litecoin offers faster transaction times than Bitcoin and a greater supply – there are a potential 84 million Litecoin that can exist compared to Bitcoin’s 21 million. Bitcoin vs Ether vs Litecoin: Summary Table Bitcoin (BTC) Ether (ETH) Litecoin (LTC) Launched 2009 2015 2012 Market cap* $78.3 bn $13.6 bn $2 bn All-time high price per unit* $19,763 $1,432 $375 Transaction speed Slow Fast Slow Corporate users No JPMorgan Chase, Microsoft, CME Group, BNY Mellon No What Affects the Price of Cryptocurrencies?
A “play-to-earn” cryptocurrency, Squid purported to let buyers partake in online versions of the games depicted in the South Korean dystopian thriller. In the show, the poor and downtrodden play children’s games such as tug of war in hope of winning millions in prize money, but those who lose are brutally killed for sport. Netflix did not immediately return a request for comment; it has reportedly said it is not affiliated with the cryptocurrency.
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Last month, Walmart had to set the record straight after someone circulated a fake press release claiming the company would allow cryptocurrency Litecoin as a new payment option.
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However, while there are some organisations that accept it as currency, others shy away due to Bitcoin’s dramatic price swings. Driven largely by speculation, the price per Bitcoin rose sharply from $1,151 in January 2017, to an all-time high of $19,783 in December the same year.* It then dropped to below $7,000 by February 2018 and rallied again to around $11,000 over a matter of days, before plunging once more to trade below $4,000. Subsequently, one of the key characteristics of Bitcoin that traders should understand is its potential for extreme volatility.
Instances of the Decipher class are used to decrypt data. The class can be used in one of two ways: As a stream that is both readable and writable, where plain encrypted data is written to produce unencrypted data on the readable side, or Using the decipher.update() and decipher.final() methods to produce the unencrypted data.
Rising interest among mainstream investors has helped fuel gains in digital token’s price
“We’re working around the clock to fix the issues and to ensure we give you the quality experience you deserve,” the tweet assured users. “So we can manage demand, will be [sic] releasing each product in a staggered approach (one-by-one) – starting with the website buy & swap function – today.”