Bank Of America Gives Its Altcoin Picks
Bank of America recently published a report on cryptocurrencies which stated that the cryptocurrency sector is too large to ignore. As well as stressing the importance of Bitcoin, the report gave its views on a number of altcoins within the cryptocurrency asset class.
It only seems yesterday when such an august institution as Bank of America would have turned up its nose in horror at the thought of having anything to do with Bitcoin, let alone altcoins. But here we are – the tables have turned, and the traditional finance sector is queueing up to get a piece of the action.
Business Insider published an article on the report earlier today. It quoted Alkesh Shah, the author of the report, and head of BOA’s crypto and digital assets strategy, who stated:
"We believe crypto-based digital assets could form an entirely new asset class. Bitcoin is important, with a market value of around $900 billion, but the digital asset ecosystem is so much more."
Quite an enlightened view from an institution steeped in traditional finance. Many in the traditional finance sector are finally starting to see the potential in Bitcoin, and some are even discovering Ethereum and one or two of the other larger altcoins.
However, this report goes long on altcoins. The report focuses on altcoins as those outside of the top 15 by marketcap and which aren’t stablecoins. It also guaged its list by the technical applications of the coins, and by the amount of developers who were building on their platforms.
It could be said that some of the altcoins were fairly conservative if you were someone looking in at the altcoin market without a few years of experience. For example, EOS, Ethereum Classic, NEO and TRON were on the list – all having their own particular issues, and arguably superseded by superior competition.
That being said, there were some newer altcoins with very interesting tech on the list. These included: The Graph, NEAR Protocol, Fantom, and Internet Computer.
One altcoin on the list that may be raising a few eyebrows is Monero. This is a “privacy” coin which is under a lot of scrutiny from regulators, due to concerns that it can bypass money laundering and KYC requirements.
It’s obviously going to be very easy to critique altcoins, no matter who is extolling their virtues. However, it must be said that for Bank of America to publish such a list in the first place is remarkably refreshing, when many of its banking peers are still firmly entrenched in their beliefs that the earth is flat. Tongue in cheek, but you catch the drift...
Bank of America recently published a report on cryptocurrencies which stated that the cryptocurrency sector is too large to ignore. As well as stressing the importance of Bitcoin, the report gave its views on a number of altcoins within the cryptocurrency asset class.
It only seems yesterday when such an august institution as Bank of America would have turned up its nose in horror at the thought of having anything to do with Bitcoin, let alone altcoins. But here we are – the tables have turned, and the traditional finance sector is queueing up to get a piece of the action.
Business Insider published an article on the report earlier today. It quoted Alkesh Shah, the author of the report, and head of BOA’s crypto and digital assets strategy, who stated:
"We believe crypto-based digital assets could form an entirely new asset class. Bitcoin is important, with a market value of around $900 billion, but the digital asset ecosystem is so much more."
Quite an enlightened view from an institution steeped in traditional finance. Many in the traditional finance sector are finally starting to see the potential in Bitcoin, and some are even discovering Ethereum and one or two of the other larger altcoins.
However, this report goes long on altcoins. The report focuses on altcoins as those outside of the top 15 by marketcap and which aren’t stablecoins. It also guaged its list by the technical applications of the coins, and by the amount of developers who were building on their platforms.
It could be said that some of the altcoins were fairly conservative if you were someone looking in at the altcoin market without a few years of experience. For example, EOS, Ethereum Classic, NEO and TRON were on the list – all having their own particular issues, and arguably superseded by superior competition.
That being said, there were some newer altcoins with very interesting tech on the list. These included: The Graph, NEAR Protocol, Fantom, and Internet Computer.
One altcoin on the list that may be raising a few eyebrows is Monero. This is a “privacy” coin which is under a lot of scrutiny from regulators, due to concerns that it can bypass money laundering and KYC requirements.
It’s obviously going to be very easy to critique altcoins, no matter who is extolling their virtues. However, it must be said that for Bank of America to publish such a list in the first place is remarkably refreshing, when many of its banking peers are still firmly entrenched in their beliefs that the earth is flat. Tongue in cheek, but you catch the drift...
U.S. SEC Greenlights New ETF To Track Bitcoin 'Revolution' Companies
The U.S. Securities and Exchange Commission (SEC) has greenlighted a new exchange-traded fund (ETF) applied for by Volt Equity, the investment solutions firm behind Volt Crypto Industry Revolution and Tech ETF. The fund will trade under the ticker BTCR.
The new ETF will provide investors with the option to invest in companies such as MicroStrategy, Marathon Digital Holdings, and Bitfarms, among others which the strategic fund is also exploring given how these have direct exposure to Bitcoin.
"I'm a strong believer in bitcoin and was excited about launching an ETF that could take advantage of the coming bitcoin revolution. We can get exposure to bitcoin without necessarily holding the coin, especially with options positions." shared Volt Equity CEO Tad Pak.
According to the Form N-1A SEC filing, the ETF included organizations categorized as “Bitcoin Revolution Companies” or, by definition, firms that have allocated a significant portion of their portfolio in the alpha cryptocurrency, or, by extension, are actively involved in the cryptocurrency through either infrastructural or technological development, or active mining.
“Blockchain technology may be used to support a vast array of business applications in many different industries and markets, and the extent of its versatility has not yet been fully explored. As a result, the Fund may include equity securities of operating companies with investments in bitcoin and bitcoin’s blockchain technology that focus on or have exposure to a wide variety of industries and countries, including emerging markets.” the filing described.
The Volt ETF will not directly invest in Bitcoin, though, given how the SEC has held off the approval of direct Bitcoin ETFs, a positioning that has been stoked by fears of market manipulation. SEC Chair Gary Gensler has recently noted that he favors the idea Bitcoin futures ETF, although the Commission has yet to approve one.
The newly approved Volt ETF, on the other hand, will place at least 80% of net assets in the aforementioned category of “Bitcoin Revolution Companies” (BRCs), option, as well as ETFs with exposure to the applicable companies. The rest of the options are expected to gain broad equity market exposure, in a bid to offset risks.
Volt Equity initially applied for the Volt Bitcoin Revolution ETF’s approval from the SEC back in June this year, and after roughly four months of review, it was finally given the go signal. The new fund is the fifth to be launched by Volt Equity, and is by far the largest it has done so far.
The U.S. Securities and Exchange Commission (SEC) has greenlighted a new exchange-traded fund (ETF) applied for by Volt Equity, the investment solutions firm behind Volt Crypto Industry Revolution and Tech ETF. The fund will trade under the ticker BTCR.
The new ETF will provide investors with the option to invest in companies such as MicroStrategy, Marathon Digital Holdings, and Bitfarms, among others which the strategic fund is also exploring given how these have direct exposure to Bitcoin.
"I'm a strong believer in bitcoin and was excited about launching an ETF that could take advantage of the coming bitcoin revolution. We can get exposure to bitcoin without necessarily holding the coin, especially with options positions." shared Volt Equity CEO Tad Pak.
According to the Form N-1A SEC filing, the ETF included organizations categorized as “Bitcoin Revolution Companies” or, by definition, firms that have allocated a significant portion of their portfolio in the alpha cryptocurrency, or, by extension, are actively involved in the cryptocurrency through either infrastructural or technological development, or active mining.
“Blockchain technology may be used to support a vast array of business applications in many different industries and markets, and the extent of its versatility has not yet been fully explored. As a result, the Fund may include equity securities of operating companies with investments in bitcoin and bitcoin’s blockchain technology that focus on or have exposure to a wide variety of industries and countries, including emerging markets.” the filing described.
The Volt ETF will not directly invest in Bitcoin, though, given how the SEC has held off the approval of direct Bitcoin ETFs, a positioning that has been stoked by fears of market manipulation. SEC Chair Gary Gensler has recently noted that he favors the idea Bitcoin futures ETF, although the Commission has yet to approve one.
The newly approved Volt ETF, on the other hand, will place at least 80% of net assets in the aforementioned category of “Bitcoin Revolution Companies” (BRCs), option, as well as ETFs with exposure to the applicable companies. The rest of the options are expected to gain broad equity market exposure, in a bid to offset risks.
Volt Equity initially applied for the Volt Bitcoin Revolution ETF’s approval from the SEC back in June this year, and after roughly four months of review, it was finally given the go signal. The new fund is the fifth to be launched by Volt Equity, and is by far the largest it has done so far.
Former British Chancellor Lands Cryptocurrency Job
Phillip Hammond, the former chancellor and foreign secretary of the United Kingdom, has joined cryptocurrency trading firm Copper.co as an advisor. Lord Hammond is an advocate of Bitcoin and cryptocurrencies and will promote Copper as well as UK leadership in the private digital asset sector.
The Former British chancellor will take up an advisory role for Copper, a cryptocurrency trading company founded in 2018. The firm recently let it be known that it had plans to expand into the US and Asia. It also received $75 million in investment from British hedge fund manager Alan Howard, and two venture capital firms.
Hammond was optimistic about Copper, saying that it was a “true pioneer” of crypto and digital asset investment technology.
“the really exciting opportunity lies in the application of this technology to revolutionise the way financial services are delivered. If we can bring together the best of Britain – entrepreneurs, industry, government, and regulators – to create and enable a blockchain-based ecosystem for financial services, we will secure the UK’s global leadership in this field for decades ahead.”
The CEO of Copper, Dmitry Tokarev, spoke of his company’s acquisition of the services of Lord Hammond:
“We would like to drive growth in our client base within a regulatory framework which will allow us to thrive globally from our London headquarters. With Lord Hammond’s expertise adding to the strength of our team, we look forward to growing Copper and further enhancing the UK’s digital asset technology offering.”
To have such an important luminary from the fiat monetary system who has so much understanding of the potential for cryptocurrency assets is rather unusual in the current suspicion-filled, and generally anti-crypto environment of governments, central banks and regulators.
When he was chancellor, Hammond had called for “light touch” regulation for cryptocurrencies. He said that the Bank of England was leading the other central banks in looking into the possibilities of bitcoin. He always maintained that it was imperative to not over-regulate cryptocurrencies and thereby impede the technical progress of blockchain technology.
Phillip Hammond, the former chancellor and foreign secretary of the United Kingdom, has joined cryptocurrency trading firm Copper.co as an advisor. Lord Hammond is an advocate of Bitcoin and cryptocurrencies and will promote Copper as well as UK leadership in the private digital asset sector.
The Former British chancellor will take up an advisory role for Copper, a cryptocurrency trading company founded in 2018. The firm recently let it be known that it had plans to expand into the US and Asia. It also received $75 million in investment from British hedge fund manager Alan Howard, and two venture capital firms.
Hammond was optimistic about Copper, saying that it was a “true pioneer” of crypto and digital asset investment technology.
“the really exciting opportunity lies in the application of this technology to revolutionise the way financial services are delivered. If we can bring together the best of Britain – entrepreneurs, industry, government, and regulators – to create and enable a blockchain-based ecosystem for financial services, we will secure the UK’s global leadership in this field for decades ahead.”
The CEO of Copper, Dmitry Tokarev, spoke of his company’s acquisition of the services of Lord Hammond:
“We would like to drive growth in our client base within a regulatory framework which will allow us to thrive globally from our London headquarters. With Lord Hammond’s expertise adding to the strength of our team, we look forward to growing Copper and further enhancing the UK’s digital asset technology offering.”
To have such an important luminary from the fiat monetary system who has so much understanding of the potential for cryptocurrency assets is rather unusual in the current suspicion-filled, and generally anti-crypto environment of governments, central banks and regulators.
When he was chancellor, Hammond had called for “light touch” regulation for cryptocurrencies. He said that the Bank of England was leading the other central banks in looking into the possibilities of bitcoin. He always maintained that it was imperative to not over-regulate cryptocurrencies and thereby impede the technical progress of blockchain technology.
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Flying Into The Metaverse: Sotheby’s NFT Journey
Art auction house Sotheby’s has announced the launch of its own NFT marketplace called the Sotheby’s Metaverse. Powered by Mojito, the Sotheby’s Metaverse marketplace is all set to go live from October 18.
It will feature specially curated NFTs for sale using ETH, BTC, USDC, or fiat currencies. Dynamic auctions and minting generative artworks will also be possible soon.
Although multiple crypto exchanges have started their own NFT marketplaces, Sotheby’s will be the first auction house to do so. A collection of 53 NFTs from 19 collectors like Praksy, j1mmy.eth, and Paris Hilton, called Natively Digital 1.2: The Collectors, are the first listed sale on the Sotheby’s metaverse marketplace.
For Sebastian Fahey, Sotheby’s MD of Europe, Middle East, and Africa, it was important that the auction house continue exploring further into the NFT space.
“When Sotheby’s first entered the world of NFTs earlier this year, it was immediately clear that we had so far only scratched the surface of the potential of this new medium — and of NFTs. For me, this latest market innovation is one of the most fundamental and exciting yet, and we are in a unique position at Sotheby’s to apply our expertise and curation to the burgeoning world of art for the digitally native generation.”
The marketplace allows interested buyers to create an account and choose one of the many avatars created by famed digital artist Pak. Account-holders can then place bids and make direct purchases uses USD, BTC, ETH, or other cryptos. The team has also launched a Discord server for Sotheby’s Metaverse, where interested parties and fans can stay updated about the latest collections on the marketplace.
Sotheby’s co-head of Digital Art Sales, Hong Kong, claims that the team identified that they were uniquely positioned to bridge the growing NFT ecosystem with the traditional art world.
He quoted,
“Since then, we have spent months exploring every aspect of the digital art landscape, aligning with some of the most influential minds of the NFT movement to architect a custom marketplace that prioritizes curation and customization. It is exciting to be able to introduce Sotheby’s Metaverse to the world and continue to build upon this shared vision for the future of all digital art.”
Sotheby’s has hosted multiple NFT auctions in 2021. The first collection, noscriptd “Fungible Collection,” was another Pak collaboration and raised around $17 million in sales. However, the most iconic NFT sale at Sotheby continues to be the 101 pieces from the Bored Ape Yacht Club collection, which sold for a record amount of $24.4 million.
Art auction house Sotheby’s has announced the launch of its own NFT marketplace called the Sotheby’s Metaverse. Powered by Mojito, the Sotheby’s Metaverse marketplace is all set to go live from October 18.
It will feature specially curated NFTs for sale using ETH, BTC, USDC, or fiat currencies. Dynamic auctions and minting generative artworks will also be possible soon.
Although multiple crypto exchanges have started their own NFT marketplaces, Sotheby’s will be the first auction house to do so. A collection of 53 NFTs from 19 collectors like Praksy, j1mmy.eth, and Paris Hilton, called Natively Digital 1.2: The Collectors, are the first listed sale on the Sotheby’s metaverse marketplace.
For Sebastian Fahey, Sotheby’s MD of Europe, Middle East, and Africa, it was important that the auction house continue exploring further into the NFT space.
“When Sotheby’s first entered the world of NFTs earlier this year, it was immediately clear that we had so far only scratched the surface of the potential of this new medium — and of NFTs. For me, this latest market innovation is one of the most fundamental and exciting yet, and we are in a unique position at Sotheby’s to apply our expertise and curation to the burgeoning world of art for the digitally native generation.”
The marketplace allows interested buyers to create an account and choose one of the many avatars created by famed digital artist Pak. Account-holders can then place bids and make direct purchases uses USD, BTC, ETH, or other cryptos. The team has also launched a Discord server for Sotheby’s Metaverse, where interested parties and fans can stay updated about the latest collections on the marketplace.
Sotheby’s co-head of Digital Art Sales, Hong Kong, claims that the team identified that they were uniquely positioned to bridge the growing NFT ecosystem with the traditional art world.
He quoted,
“Since then, we have spent months exploring every aspect of the digital art landscape, aligning with some of the most influential minds of the NFT movement to architect a custom marketplace that prioritizes curation and customization. It is exciting to be able to introduce Sotheby’s Metaverse to the world and continue to build upon this shared vision for the future of all digital art.”
Sotheby’s has hosted multiple NFT auctions in 2021. The first collection, noscriptd “Fungible Collection,” was another Pak collaboration and raised around $17 million in sales. However, the most iconic NFT sale at Sotheby continues to be the 101 pieces from the Bored Ape Yacht Club collection, which sold for a record amount of $24.4 million.
China’s Crackdown On Bitcoin A Huge Win For US Mining Industry
China’s crackdown on bitcoin and other cryptocurrencies has seen mining operations look to move to other, more friendlier countries. One such benefactor of the ban is the US, which has seen an influx of miners who are drawn to cheap energy and the added benefit of a democratic court system.
The sleepy town of Rockdale has become the new center of Bitcoin mining operations, with North America’s largest bitcoin mine located in the town. Rockdale was already an important part of a bustling mining industry in America, which has now seen renewed growth thanks to China’s crackdown on crypto, which has pushed the industry towards America.
According to most experts, cheap electricity and a clear rule of law have played a significant role in making the United States an attractive prospect for Bitcoin miners. CEO of miner Whinstone, the company that operates the Rockdale site, Chad Everett Harris, stated,
“There’s a lot of competitors coming into Texas because they are seeing the same thing (as) when we came here.”
Riot Blockchain owns the Rockdale mining site.
Before the Chinese crackdown, China was the nerve center of a majority of crypto-mining operations, with the country holding two-thirds of the global bitcoin mining capacity in 2019. However, with the government planning to launch its own Central Bank Digital Currency (CBDC), Beijing outlawed all transactions involving crypto.
As a result, crypto activity in the United States has doubled, as figures released by the University of Cambridge reveal, with America’s market share increasing to 35.4%.
Samir Tabar, the chief strategy officer at Bit Digital, revealed that the company that started to relocate from China in 2020 doubled its efforts after the crackdown intensified and set up operations in the US and Canada. He called the Chinese ban an “unintended gift,” stating,
“China’s bitcoin mining ban was basically an unintentional gift to the US,” he said. “Thanks to their ban, an entire sector migrated to North America – along with innovation, labor, and machines.”
There are several reasons why the United States has emerged as a favorable destination for crypto operations. However, most experts believe that a democratic system of government and a legal system that protects property rights are key factors. David Yermack, an expert in crypto at New York University, revealed the thinking behind the move, stating,
“If you’re going to make long-term investments and accumulate wealth in a country, you want to have some confidence that it’s not going to be taken away by the government,”
However, he also stated that he expects the move to be temporary, as Nordic countries are a much more attractive prospect with cheap and abundant sources of renewable energy and more favorable weather for mining operations.
An increase in US-based mining operations has also led to growing criticisms of the industry from an environmental point of view due to the significant energy consumption of the mining industry. The use of non-renewable power sources such as fossil fuels that contribute to climate change has also been criticized.
However, Everett Harris disagreed, stating that the industry is, in fact, using power from sources that are not detrimental to the environment, stating,
“To think that we’re causing harm or pollution or all those things here… the majority of our power comes out of the ERCOT grid, and that profile is extremely friendly to the environment.”
Data from ERCOT for 2020 has revealed that 46% of its power comes from natural gas, with wind energy and solar energy accounting for a further 25%, with coal contributing around 18%.
Texas has emerged as a key location for Bitcoin mining operations thanks to the market being deregulated, allowing companies to operate with more flexibility, buying electricity when it is cheaper, and putting off buying it when it is more expensive.
China’s crackdown on bitcoin and other cryptocurrencies has seen mining operations look to move to other, more friendlier countries. One such benefactor of the ban is the US, which has seen an influx of miners who are drawn to cheap energy and the added benefit of a democratic court system.
The sleepy town of Rockdale has become the new center of Bitcoin mining operations, with North America’s largest bitcoin mine located in the town. Rockdale was already an important part of a bustling mining industry in America, which has now seen renewed growth thanks to China’s crackdown on crypto, which has pushed the industry towards America.
According to most experts, cheap electricity and a clear rule of law have played a significant role in making the United States an attractive prospect for Bitcoin miners. CEO of miner Whinstone, the company that operates the Rockdale site, Chad Everett Harris, stated,
“There’s a lot of competitors coming into Texas because they are seeing the same thing (as) when we came here.”
Riot Blockchain owns the Rockdale mining site.
Before the Chinese crackdown, China was the nerve center of a majority of crypto-mining operations, with the country holding two-thirds of the global bitcoin mining capacity in 2019. However, with the government planning to launch its own Central Bank Digital Currency (CBDC), Beijing outlawed all transactions involving crypto.
As a result, crypto activity in the United States has doubled, as figures released by the University of Cambridge reveal, with America’s market share increasing to 35.4%.
Samir Tabar, the chief strategy officer at Bit Digital, revealed that the company that started to relocate from China in 2020 doubled its efforts after the crackdown intensified and set up operations in the US and Canada. He called the Chinese ban an “unintended gift,” stating,
“China’s bitcoin mining ban was basically an unintentional gift to the US,” he said. “Thanks to their ban, an entire sector migrated to North America – along with innovation, labor, and machines.”
There are several reasons why the United States has emerged as a favorable destination for crypto operations. However, most experts believe that a democratic system of government and a legal system that protects property rights are key factors. David Yermack, an expert in crypto at New York University, revealed the thinking behind the move, stating,
“If you’re going to make long-term investments and accumulate wealth in a country, you want to have some confidence that it’s not going to be taken away by the government,”
However, he also stated that he expects the move to be temporary, as Nordic countries are a much more attractive prospect with cheap and abundant sources of renewable energy and more favorable weather for mining operations.
An increase in US-based mining operations has also led to growing criticisms of the industry from an environmental point of view due to the significant energy consumption of the mining industry. The use of non-renewable power sources such as fossil fuels that contribute to climate change has also been criticized.
However, Everett Harris disagreed, stating that the industry is, in fact, using power from sources that are not detrimental to the environment, stating,
“To think that we’re causing harm or pollution or all those things here… the majority of our power comes out of the ERCOT grid, and that profile is extremely friendly to the environment.”
Data from ERCOT for 2020 has revealed that 46% of its power comes from natural gas, with wind energy and solar energy accounting for a further 25%, with coal contributing around 18%.
Texas has emerged as a key location for Bitcoin mining operations thanks to the market being deregulated, allowing companies to operate with more flexibility, buying electricity when it is cheaper, and putting off buying it when it is more expensive.
Have you seen Rubic’s hyper increase and wonder what is this?
Rubic is a Multi-Chain Protocol aiming to become your go-to platform for Crypto. On Rubic, it is possible to swap any of 9,500 assets across BSC, Polygon, Ethereum and Avalanche.
Rubic's RBC token graphics seemed to be promising and rising to the moon.
Telegram Announcement Channel: Rubic Announcements
Telegram Chat: Rubic
Rubic is a Multi-Chain Protocol aiming to become your go-to platform for Crypto. On Rubic, it is possible to swap any of 9,500 assets across BSC, Polygon, Ethereum and Avalanche.
Rubic's RBC token graphics seemed to be promising and rising to the moon.
Telegram Announcement Channel: Rubic Announcements
Telegram Chat: Rubic
Memes For Days; FTX Just Raised $420 Million From 69 Investors
Crypto exchange group FTX has announced that it has raised $420.69 million from its latest funding round. The round comes only months after it had raised $900 million from its previous financing round.
The firm revealed that the new funding would be used to fund the acquisition of new companies and utilized towards regulatory compliance.
Details Of The Announcement
The funding round sees FTX add $420.69 million to FTX’s war chest, which the company plans to utilize towards funding new acquisitions and the launch of new products. The funding round also sees FTX valued at $25 billion dollars.
The latest announcement comes only months after FTX revealed that it had successfully raised over $900 million in its Series B funding round, which valued the firm at $18 billion. The funding is part of a boom being witnessed by the crypto sector, with investors showing significant interest in private companies and backing them with significant funds. This has significantly boosted their valuations, creating unicorns such as FalconX, TradingView, and OpenSea.
Participants In The Funding Round
According to the announcement, the latest funding round includes participation from 69 investors, including Ribbit Capital, Tiger Global, Sequoia Capital, Lightspeed Ventures, and Sea Capital. It also includes funds and accounts managed by BlackRock, while billionaires Israel Englander and Alan Howard had backed the previous funding round.
FTX had also revealed that investment giant Temasek also participated in its Series B round. However, CEO Sam Bankman-Fried remains the majority owner in the firm.
Recent Growth Driving Investor Influx
CEO of FTX, Sam Bankman-Fried, has revealed that new investors are joining FTX’s cap table due to a surge in growth. Open interest in FTX’s bitcoin futures market has seen a surge, soaring to $4 million since May. At that time, open interest stood at $1 billion.
Rival Binance has reported similar numbers. Futures open interest on Binance hit $5.5 billion, and according to Block’s Data Dashboard, FTX accounts for just 37% of Coinbase’s volumes in spot crypto trading. However, Bankman-Fried revealed that the market share has been up significantly since the fundraise.
Expanding Its Business
FTX has also focused on expanding its business interests and has already launched a platform focused on non-fungible token (NFT) trading. It has also purchased LedgerX, a futures platform, for an undisclosed amount.
Bankman-Fried also revealed that the fresh injection of capital would allow FTX to acquire more firms in the short term. He stated that new acquisitions would help FTX expand its product suite quicker, allowing it to offer perpetual swaps to US-based crypto traders. Referring to the acquisitions, Bankman-Fried revealed,
“I would probably guess there will be another three or so,” Bankman-Fried said. “Maybe two small ones ... three moderate to big ones.”
The deals could end up being valued at over $1 billion. FTX is also looking at other products, which include an FTX branded exchange-traded fund. Bankman-Fried elaborated on it a little, stating,
“Whether it is a spot or futures-based ETF, we’d be willing to talk about structured products with partners like BlackRock.”
Regulatory Headaches
FTX is not immune to regulatory headaches, as is the case with firms across the crypto-space, with the specter of regulators unleashing their ire looming large. The exchange has recently moved its headquarters to the Bahamas from Hong Kong, is still not allowed to do business in New York.
Crypto exchange group FTX has announced that it has raised $420.69 million from its latest funding round. The round comes only months after it had raised $900 million from its previous financing round.
The firm revealed that the new funding would be used to fund the acquisition of new companies and utilized towards regulatory compliance.
Details Of The Announcement
The funding round sees FTX add $420.69 million to FTX’s war chest, which the company plans to utilize towards funding new acquisitions and the launch of new products. The funding round also sees FTX valued at $25 billion dollars.
The latest announcement comes only months after FTX revealed that it had successfully raised over $900 million in its Series B funding round, which valued the firm at $18 billion. The funding is part of a boom being witnessed by the crypto sector, with investors showing significant interest in private companies and backing them with significant funds. This has significantly boosted their valuations, creating unicorns such as FalconX, TradingView, and OpenSea.
Participants In The Funding Round
According to the announcement, the latest funding round includes participation from 69 investors, including Ribbit Capital, Tiger Global, Sequoia Capital, Lightspeed Ventures, and Sea Capital. It also includes funds and accounts managed by BlackRock, while billionaires Israel Englander and Alan Howard had backed the previous funding round.
FTX had also revealed that investment giant Temasek also participated in its Series B round. However, CEO Sam Bankman-Fried remains the majority owner in the firm.
Recent Growth Driving Investor Influx
CEO of FTX, Sam Bankman-Fried, has revealed that new investors are joining FTX’s cap table due to a surge in growth. Open interest in FTX’s bitcoin futures market has seen a surge, soaring to $4 million since May. At that time, open interest stood at $1 billion.
Rival Binance has reported similar numbers. Futures open interest on Binance hit $5.5 billion, and according to Block’s Data Dashboard, FTX accounts for just 37% of Coinbase’s volumes in spot crypto trading. However, Bankman-Fried revealed that the market share has been up significantly since the fundraise.
Expanding Its Business
FTX has also focused on expanding its business interests and has already launched a platform focused on non-fungible token (NFT) trading. It has also purchased LedgerX, a futures platform, for an undisclosed amount.
Bankman-Fried also revealed that the fresh injection of capital would allow FTX to acquire more firms in the short term. He stated that new acquisitions would help FTX expand its product suite quicker, allowing it to offer perpetual swaps to US-based crypto traders. Referring to the acquisitions, Bankman-Fried revealed,
“I would probably guess there will be another three or so,” Bankman-Fried said. “Maybe two small ones ... three moderate to big ones.”
The deals could end up being valued at over $1 billion. FTX is also looking at other products, which include an FTX branded exchange-traded fund. Bankman-Fried elaborated on it a little, stating,
“Whether it is a spot or futures-based ETF, we’d be willing to talk about structured products with partners like BlackRock.”
Regulatory Headaches
FTX is not immune to regulatory headaches, as is the case with firms across the crypto-space, with the specter of regulators unleashing their ire looming large. The exchange has recently moved its headquarters to the Bahamas from Hong Kong, is still not allowed to do business in New York.
Shiba Inu Last Week: 50% Jump, Burnt Tokens, Robinhood Rumors, And The Musk Effect
Memecoin Shiba Inu has had a resounding rally over the weekend. With a solid jump of 50% within 24 hours, it had overtaken the momentum of BTC, which had itself rallied to its new all-time high last week. As it inches closer to the other big memecoin Dogecoin, experts were left wondering if Shiba might actually live up to its noscript of “the dogekiller.” The coin is currently the 13th largest cryptocurrency with a market cap of $21.4 billion, while Doge is in the 11th place with a market cap of $33.86 billion. Even more impressively, SHIB has gone up over 480% in the last month.
Ben Caselin, head of research and strategy at crypto exchange AAX points out,
“At this moment attention seems to have converged on SHIB and speculation is the primary driver of the price surge. Prior patterns and dynamics in crypto indicate that SHIB is likely to be challenged by other projects and shed much of its value further along in the market cycle,” he added.
Active crypto community leaders believed that the latest rally could be as a direct result of the rumors that crypto trading firm Robinhood is considering listing Shiba on its platform. A prominent twitter reporting account called Shiba Inu News had reported that Robinhood is conducting market research to gauge the popularity of the memecoin. Furthermore, a Change petition asking for the listing of SHIB on Robinhood has garnered huge community support with over 300,000 signatures.
Earlier on Sunday, it was announced that almost 900 million SHIB tokens have been burnt. Prior to the 50% rally over the last 24 hours, SHIB was moving up by a daily average of 16%, mainly because 1% of the circulating supply being burned on a daily basis. The last two weeks have seen an upward tick in the Shiba Inu growth charts. It successfully held on to the $0.000028 mark for a whole week, before soaring higher and reaching $0.00004432 over the weekend, closing in on its all-time high of $0.00005 from back in May 10.
Despite being a prominent figure in the Shiba Inu community, Elon Musk is in trouble with the community members. Musk has been teasing his ‘support’ for the token, even going as far as bringing home a Shiba pup. Additionally, he has been vocal about his support for SHIB on Twitter. However, in a recent Twitter thread on Sunday, he revealed that he is still yet to actively invest in SHIB. This caused a flurry of FUD among the community, which saw the price of the coin drop 27% from its weekend high to $0.00003282. The price has recovered somewhat since then and managed to stabilize at $0.00003770.
Memecoin Shiba Inu has had a resounding rally over the weekend. With a solid jump of 50% within 24 hours, it had overtaken the momentum of BTC, which had itself rallied to its new all-time high last week. As it inches closer to the other big memecoin Dogecoin, experts were left wondering if Shiba might actually live up to its noscript of “the dogekiller.” The coin is currently the 13th largest cryptocurrency with a market cap of $21.4 billion, while Doge is in the 11th place with a market cap of $33.86 billion. Even more impressively, SHIB has gone up over 480% in the last month.
Ben Caselin, head of research and strategy at crypto exchange AAX points out,
“At this moment attention seems to have converged on SHIB and speculation is the primary driver of the price surge. Prior patterns and dynamics in crypto indicate that SHIB is likely to be challenged by other projects and shed much of its value further along in the market cycle,” he added.
Active crypto community leaders believed that the latest rally could be as a direct result of the rumors that crypto trading firm Robinhood is considering listing Shiba on its platform. A prominent twitter reporting account called Shiba Inu News had reported that Robinhood is conducting market research to gauge the popularity of the memecoin. Furthermore, a Change petition asking for the listing of SHIB on Robinhood has garnered huge community support with over 300,000 signatures.
Earlier on Sunday, it was announced that almost 900 million SHIB tokens have been burnt. Prior to the 50% rally over the last 24 hours, SHIB was moving up by a daily average of 16%, mainly because 1% of the circulating supply being burned on a daily basis. The last two weeks have seen an upward tick in the Shiba Inu growth charts. It successfully held on to the $0.000028 mark for a whole week, before soaring higher and reaching $0.00004432 over the weekend, closing in on its all-time high of $0.00005 from back in May 10.
Despite being a prominent figure in the Shiba Inu community, Elon Musk is in trouble with the community members. Musk has been teasing his ‘support’ for the token, even going as far as bringing home a Shiba pup. Additionally, he has been vocal about his support for SHIB on Twitter. However, in a recent Twitter thread on Sunday, he revealed that he is still yet to actively invest in SHIB. This caused a flurry of FUD among the community, which saw the price of the coin drop 27% from its weekend high to $0.00003282. The price has recovered somewhat since then and managed to stabilize at $0.00003770.
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pancakeswap.finance
Exchange | PancakeSwap
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Sustainable Energy Provides 57% Of The Global Bitcoin Mining Industry
A recent study shows that while the global BTC mining industry is energy-intensive, it is based on a higher mix of sustainable energy sources than any other major country or industry.
65.9% BMC, Operate On A Sustainable Basis
The aforementioned survey was conducted by the Bitcoin Mining Council (BMC), which is made up of 29 companies that make up 33% of the global network. It is a voluntary association of bitcoin miners, founded in May 2021 with the support of well-known bitcoin mining companies such as MicroStrategy and its CEO Michael Sailor.
The council recently released the results of the Global Review of Bitcoin Mining Data for the third quarter of 2021, which showed that more than half of the electricity consumed by the bitcoin industry is produced from environmentally friendly sources. According to the results, BMC members and survey participants are currently using electricity with a sustainable energy mix of 65.9%.
Global Bitcoin Mining Follows Sustainability Trend
Previous research conducted by BMC in the second quarter of 2021 showed similar results. Back then, 56% of the industry chose sustainable energy sources for their mining activities, making it one of the most sustainable industries in the world. This trend followed in the global BTC mining industry in the third quarter with a 3% increase in the sustainable energy mix.
An estimated 57.7% of the industry currently runs on energy sources such as hydro, wind, solar, nuclear, geothermal and carbon generation with net carbon credits, which is the most sustainable energy mix of any major country or any other industry.
The report explicitly states,
"Based on this data, it is estimated that sustainable electricity generation in the global mining industry grew to approximately 57.7% during Q3 2021, up 3% from Q2 2021, making this industry one of the most resilient in the world."
China's Ban Contributed To The Restructuring Of The Industry
The shift to sustainable energy sources has become a global phenomenon for BTC mining operations around the world. The restructuring was partly impacted by China's ban on cryptocurrency in May, which mentioned environmental concerns related to BTC mining. Discussions in the crypto community, especially on social media, further highlighted the energy-intensive mining process holding back the industry's development. Members of the crypto community and experts have long talked about the need for BTC mining to find a more sustainable alternative.
According to Microstrategy CEO Michael Saylor,
"This quarter, we saw a dramatic improvement in the energy efficiency and sustainability of bitcoin mining thanks to advances in semiconductor technology, the rapid spread of mining in North America, the exodus of China, and the widespread transition to sustainable energy and modern mining methods."
A recent study shows that while the global BTC mining industry is energy-intensive, it is based on a higher mix of sustainable energy sources than any other major country or industry.
65.9% BMC, Operate On A Sustainable Basis
The aforementioned survey was conducted by the Bitcoin Mining Council (BMC), which is made up of 29 companies that make up 33% of the global network. It is a voluntary association of bitcoin miners, founded in May 2021 with the support of well-known bitcoin mining companies such as MicroStrategy and its CEO Michael Sailor.
The council recently released the results of the Global Review of Bitcoin Mining Data for the third quarter of 2021, which showed that more than half of the electricity consumed by the bitcoin industry is produced from environmentally friendly sources. According to the results, BMC members and survey participants are currently using electricity with a sustainable energy mix of 65.9%.
Global Bitcoin Mining Follows Sustainability Trend
Previous research conducted by BMC in the second quarter of 2021 showed similar results. Back then, 56% of the industry chose sustainable energy sources for their mining activities, making it one of the most sustainable industries in the world. This trend followed in the global BTC mining industry in the third quarter with a 3% increase in the sustainable energy mix.
An estimated 57.7% of the industry currently runs on energy sources such as hydro, wind, solar, nuclear, geothermal and carbon generation with net carbon credits, which is the most sustainable energy mix of any major country or any other industry.
The report explicitly states,
"Based on this data, it is estimated that sustainable electricity generation in the global mining industry grew to approximately 57.7% during Q3 2021, up 3% from Q2 2021, making this industry one of the most resilient in the world."
China's Ban Contributed To The Restructuring Of The Industry
The shift to sustainable energy sources has become a global phenomenon for BTC mining operations around the world. The restructuring was partly impacted by China's ban on cryptocurrency in May, which mentioned environmental concerns related to BTC mining. Discussions in the crypto community, especially on social media, further highlighted the energy-intensive mining process holding back the industry's development. Members of the crypto community and experts have long talked about the need for BTC mining to find a more sustainable alternative.
According to Microstrategy CEO Michael Saylor,
"This quarter, we saw a dramatic improvement in the energy efficiency and sustainability of bitcoin mining thanks to advances in semiconductor technology, the rapid spread of mining in North America, the exodus of China, and the widespread transition to sustainable energy and modern mining methods."
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CROSSWISE DEX PRE-SALE IS LIVE!
⏰ Sale Started: 27 Oct 2021 at 12:00 PM UTC
💎 Early investor bonus Founders NFTs. The first 500 wallets will receive 1 of only 500 crosswise Founder's NFTs.
👥 Experienced & DOXXED team
🔍 TechRate audit passed with 0 issues!
🚀 Ready to release by December 2021
Be part of one of the most exciting DEX launches this year! crosswise is next-gen cross-chain DEX that is bridging the user experience gap between centralized and decentralized exchanges.
crosswise takes the trading experience on DEX to the next level with tighter security, a friendly interface, cross-chain transactions, gasless swaps, verified listings and the right tools, tightly integrated.
GET WHITELISTED NOW AT: https://x9epe3je3fk.typeform.com/crosswise
🌐 Website - https://www.crosswise.finance
💬 Telegram - https://news.1rj.ru/str/crosswise
📚 Medium - https://crosswise.medium.com
🔧 GitHub - https://github.com/crosswise-finance
⏰ Sale Started: 27 Oct 2021 at 12:00 PM UTC
💎 Early investor bonus Founders NFTs. The first 500 wallets will receive 1 of only 500 crosswise Founder's NFTs.
👥 Experienced & DOXXED team
🔍 TechRate audit passed with 0 issues!
🚀 Ready to release by December 2021
Be part of one of the most exciting DEX launches this year! crosswise is next-gen cross-chain DEX that is bridging the user experience gap between centralized and decentralized exchanges.
crosswise takes the trading experience on DEX to the next level with tighter security, a friendly interface, cross-chain transactions, gasless swaps, verified listings and the right tools, tightly integrated.
GET WHITELISTED NOW AT: https://x9epe3je3fk.typeform.com/crosswise
🌐 Website - https://www.crosswise.finance
💬 Telegram - https://news.1rj.ru/str/crosswise
📚 Medium - https://crosswise.medium.com
🔧 GitHub - https://github.com/crosswise-finance
🐶🚀 Rocket Shiba Inu 🚀🐶
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Holders will receive tokens through a static reflection. This means long term is king
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🥇Tokenomics:
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- 3% Marketing and Development
- 3% Redistribution in X
Blast off 🚀: https://news.1rj.ru/str/rocketshibainu
The World’s Most Asymmetric Bet 📊
Have you missed the Shiba train?, thia is your time to catch up and take a Rocket 🚀
👀 Strong Team, Gaming Token, Staking, Fair Launch, Green Coin 👀
✅ Perfect Asymmetric Risk-Reward Scenario
Rewards are comparatively large on the reward side. This means with relatively low risk, you get very high chance of changing your financial life forever
✅ Earn Rewards on Innovative Tokenomics & Fee Partitioning
Holders will receive tokens through a static reflection. This means long term is king
✅ 3% Automatic Liquidity & Fast Pool Accumulation
Every transaction automatically contributes to the liquidity pool. This means the more time goes by, the more strength the ecosystem becomes
🥇Tokenomics:
- 3% liquidity
- 3% Marketing and Development
- 3% Redistribution in X
Blast off 🚀: https://news.1rj.ru/str/rocketshibainu
🚨New #BSCGems
@Flokimooni reach 2 M Marketcap ! 🚀
It is only the beginning ! Don't miss the rocket, big influencers posting shortly 👀
Enjoy your Doge rewards till holding $FLOKIM
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Website 🖥:https://flokimooni.com
Twitter 🕊: https://twitter.com/flokimooni
Telegram 🇬🇧: https://news.1rj.ru/str/flokimooni
@Flokimooni reach 2 M Marketcap ! 🚀
It is only the beginning ! Don't miss the rocket, big influencers posting shortly 👀
Enjoy your Doge rewards till holding $FLOKIM
💰Make sure to buy now !DONT MISS THIS X1000
✅Dex & Launchpad
✅Rare NFT's collection Drop
✅Play to earn game
✅50% burned 50% locked Liquidity
✅DOGE REWARDS FOR HOLDERS
📈Chart: https://poocoin.app/tokens/0x0f5351b9eaefd6687dff143de6ea5d01cb9c1205
Contract address 📈 : 0x0f5351b9eaefd6687dff143de6ea5d01cb9c1205
Website 🖥:https://flokimooni.com
Twitter 🕊: https://twitter.com/flokimooni
Telegram 🇬🇧: https://news.1rj.ru/str/flokimooni
Hey Guys, Check out this new NFT collection coming early November 🤩👇👇👇
The Sloth Lounge @theslothlounge - the generative NFT collection that will make you slow down, relax and SMILE. 🥰
👀 An overview of the Sloth Lounge Project
‣ 4500 unique sloth collectibles
‣ Hand drawn by award winning Australian artist
‣ Each sloth you mint gives you a free pass to the ‘SLOTTERY’, a monthly event for the Sloth Lounge community
‣ The SLOTTERY might be ANYTHING: a raffle, mints, special drop, gifts in real-life, a grant ..…
‣ 40% of all Sloth Lounge NFT sales will go to SLOTTERY community events
‣10% of revenues will be donated directly to sloth charities
‣ More are on the way, exclusive merch, exciting collabs and maybe even a $RELAX token...
🔥Sloth Lounge Launch Day
Date: Nov 10
Price: 0.04 ETH
Where: https://theslothlounge.com
Follow The Sloth Lounge on
📍twitter.com/theslothlounge
📍discord.gg/xtNGhqavsR
Get ready to scoop some Sloths!✨
The Sloth Lounge @theslothlounge - the generative NFT collection that will make you slow down, relax and SMILE. 🥰
👀 An overview of the Sloth Lounge Project
‣ 4500 unique sloth collectibles
‣ Hand drawn by award winning Australian artist
‣ Each sloth you mint gives you a free pass to the ‘SLOTTERY’, a monthly event for the Sloth Lounge community
‣ The SLOTTERY might be ANYTHING: a raffle, mints, special drop, gifts in real-life, a grant ..…
‣ 40% of all Sloth Lounge NFT sales will go to SLOTTERY community events
‣10% of revenues will be donated directly to sloth charities
‣ More are on the way, exclusive merch, exciting collabs and maybe even a $RELAX token...
🔥Sloth Lounge Launch Day
Date: Nov 10
Price: 0.04 ETH
Where: https://theslothlounge.com
Follow The Sloth Lounge on
📍twitter.com/theslothlounge
📍discord.gg/xtNGhqavsR
Get ready to scoop some Sloths!✨
Representatives Of The Republican Party Of Texas Plan To Make The State The Center Of Cryptocurrency
U.S. Senator Ted Cruz said that he and other members of the Republican Party from Texas would like the state to become the center of the cryptocurrency universe. Cruz made the announcement at the Texas Blockchain Summit.
Local Economic Recovery
North America's largest bitcoin mine, managed and owned by Whinstone U.S., located in Rockdale, has quickly become an important part of the city's economy, has already added about 145 jobs, and has also become an integral part of the community. Whinstone CEO Chad Everett Harris said plans are under way to expand the mining venture and turn it into the largest mining enterprise in the world.
Central To Texas' Ambitions
Rockdale finds itself at the heart of Texas' crypto ambitions as the state engages the cryptocurrency industry as federal and state lawmakers work to lay the groundwork for the blockchain industry in Texas. For their part, blockchain industry leaders say they are attracted to Texas' cheap energy and friendly regulatory policies.
U.S. Senator Ted Cruz of Texas, during a speech at the Texas Blockchain Summit, which was attended by about 700 attendees, said he hopes Texas will become the center of the bitcoin and cryptocurrency universe. Republican politicians have passionately defended the crypto space in Texas.
There Are A Few Doubters Left.
However, the nascent industry has many doubters and opponents. Several people have noted the significant amount of energy needed to mine cryptocurrencies like Bitcoin, thanks to their Proof-of-Work consensus mechanism. This has raised serious environmental concerns, as well as an additional strain on Texas' already congested and fragile power grid.
Growth also occurred abruptly; In 2018, a Chinese company developing specialized computers for cryptocurrency mining promised to invest $ 500 million and create hundreds of jobs, but this did not happen. However, leaders in Texas are implementing their plans: Texas Governor Greg Abbott met with the Texas Blockchain Council and promised that the state will soon become the No. 1 destination for the blockchain and cryptocurrency industry.
The Perfect Combination
According to entrepreneurs in the crypto space and Republicans in Texas, cryptocurrency and Texas are the perfect pair. Senator Cruz described the relationship, stating that there is a natural synergy between the ideal of the state and blockchain technology.
He also added that Texas is "flattering" entrepreneurs as the state's anti-regulatory laws are very attractive to the crypto industry, which places great emphasis on privacy. Cruz stated that the cryptocurrency industry is an industry based on individual freedom, individual responsibility and the absence of dependence on the government.
Everett Harris further emphasized this point, stating:
"We came here because of electricity and a lack of regulation in the market," Harris said. "We knew that electricity is a competitive component. And we knew on a large scale; we could get electricity at a lower cost."
Energy And Climate Issues
China has long been a leader in bitcoin and cryptocurrency mining. However, after the government took tough measures against bitcoin and other cryptocurrencies, especially due to environmental concerns, the crypto industry was looking for alternative options.
GoP leaders in Texas have expressed no concerns about energy consumption or climate impacts, Senator Cruz said:
"For Bitcoin, you need a lot of energy. If there's something that Texas has in large quantities, if there's something Texas knows about, it's energy."
U.S. Senator Ted Cruz said that he and other members of the Republican Party from Texas would like the state to become the center of the cryptocurrency universe. Cruz made the announcement at the Texas Blockchain Summit.
Local Economic Recovery
North America's largest bitcoin mine, managed and owned by Whinstone U.S., located in Rockdale, has quickly become an important part of the city's economy, has already added about 145 jobs, and has also become an integral part of the community. Whinstone CEO Chad Everett Harris said plans are under way to expand the mining venture and turn it into the largest mining enterprise in the world.
Central To Texas' Ambitions
Rockdale finds itself at the heart of Texas' crypto ambitions as the state engages the cryptocurrency industry as federal and state lawmakers work to lay the groundwork for the blockchain industry in Texas. For their part, blockchain industry leaders say they are attracted to Texas' cheap energy and friendly regulatory policies.
U.S. Senator Ted Cruz of Texas, during a speech at the Texas Blockchain Summit, which was attended by about 700 attendees, said he hopes Texas will become the center of the bitcoin and cryptocurrency universe. Republican politicians have passionately defended the crypto space in Texas.
There Are A Few Doubters Left.
However, the nascent industry has many doubters and opponents. Several people have noted the significant amount of energy needed to mine cryptocurrencies like Bitcoin, thanks to their Proof-of-Work consensus mechanism. This has raised serious environmental concerns, as well as an additional strain on Texas' already congested and fragile power grid.
Growth also occurred abruptly; In 2018, a Chinese company developing specialized computers for cryptocurrency mining promised to invest $ 500 million and create hundreds of jobs, but this did not happen. However, leaders in Texas are implementing their plans: Texas Governor Greg Abbott met with the Texas Blockchain Council and promised that the state will soon become the No. 1 destination for the blockchain and cryptocurrency industry.
The Perfect Combination
According to entrepreneurs in the crypto space and Republicans in Texas, cryptocurrency and Texas are the perfect pair. Senator Cruz described the relationship, stating that there is a natural synergy between the ideal of the state and blockchain technology.
He also added that Texas is "flattering" entrepreneurs as the state's anti-regulatory laws are very attractive to the crypto industry, which places great emphasis on privacy. Cruz stated that the cryptocurrency industry is an industry based on individual freedom, individual responsibility and the absence of dependence on the government.
Everett Harris further emphasized this point, stating:
"We came here because of electricity and a lack of regulation in the market," Harris said. "We knew that electricity is a competitive component. And we knew on a large scale; we could get electricity at a lower cost."
Energy And Climate Issues
China has long been a leader in bitcoin and cryptocurrency mining. However, after the government took tough measures against bitcoin and other cryptocurrencies, especially due to environmental concerns, the crypto industry was looking for alternative options.
GoP leaders in Texas have expressed no concerns about energy consumption or climate impacts, Senator Cruz said:
"For Bitcoin, you need a lot of energy. If there's something that Texas has in large quantities, if there's something Texas knows about, it's energy."
Red Bull Racing Drops NFT Collection For Upcoming Mexican GP
Red Bull Racing is launching a limited-edition piece collection of digital racing memorabilia to uplift and express gratitude to F1 fans who have stuck around despite the long gap during the pandemic. The highlight of the collection will be the 10,000 units based on Sergio Perez’s Mexican GP helmet that will commemorate his first race for Red Bull. Additionally, NFTs based on Perez’s racing suit that he wore in the Mexico City Show Run will also be a part of the collection. The whole collection will be available on Tezos marketplace Sweet ahead of Sunday’s race.
Red Bull Racing CEO Christian Horner spoke at length on the launch, expressing the team’s desire to enhance the fan experience.
“Red Bull Racing has always been at the forefront of innovation and technology, both on and off track, and our first set of Digital Collectibles carries on that tradition thanks to partners like Tezos. We’re really excited to be able to give fans a new, immersive and fun opportunity to get even closer to the Team by owning part of our history with some truly special pieces of team memorabilia.”
As the official blockchain partner of the team, Tezos had already been featured prominently via logo branding on the Red Bull cars. The team will continue partnering with Tezos to drop more digital collections in the future. Being built on Tezos, these collections will be exclusively limited and available for fan interaction, purchase, and ownership on the Sweet platform.
As CEO Horner clarified,
“We’re committed to making this access affordable and accessible for as many fans as possible. With our blockchain partner Tezos and through Sweet’s platform, which gives fans a complete environment in which to enjoy our collectibles, we’re bringing a whole new world of Red Bull Racing to fans.”
Cryptocurrency and NFTs have become a prominent presence in motorsports. For example, in September, Speedway Motorsports had announced that they would be partnering with GigLabs to launch the website RaceDayNFT to sell NASCAR-themed NFTs.
Blockchain gaming company Animoca Brands hired NASCAR superstar Joey Logano as the face of REVV Motorsports. The company is also planning to create and release special NFTs based on Logano, featuring his driver helmet and logo, iconic racing moments, and special car liveries.
Red Bull Racing is launching a limited-edition piece collection of digital racing memorabilia to uplift and express gratitude to F1 fans who have stuck around despite the long gap during the pandemic. The highlight of the collection will be the 10,000 units based on Sergio Perez’s Mexican GP helmet that will commemorate his first race for Red Bull. Additionally, NFTs based on Perez’s racing suit that he wore in the Mexico City Show Run will also be a part of the collection. The whole collection will be available on Tezos marketplace Sweet ahead of Sunday’s race.
Red Bull Racing CEO Christian Horner spoke at length on the launch, expressing the team’s desire to enhance the fan experience.
“Red Bull Racing has always been at the forefront of innovation and technology, both on and off track, and our first set of Digital Collectibles carries on that tradition thanks to partners like Tezos. We’re really excited to be able to give fans a new, immersive and fun opportunity to get even closer to the Team by owning part of our history with some truly special pieces of team memorabilia.”
As the official blockchain partner of the team, Tezos had already been featured prominently via logo branding on the Red Bull cars. The team will continue partnering with Tezos to drop more digital collections in the future. Being built on Tezos, these collections will be exclusively limited and available for fan interaction, purchase, and ownership on the Sweet platform.
As CEO Horner clarified,
“We’re committed to making this access affordable and accessible for as many fans as possible. With our blockchain partner Tezos and through Sweet’s platform, which gives fans a complete environment in which to enjoy our collectibles, we’re bringing a whole new world of Red Bull Racing to fans.”
Cryptocurrency and NFTs have become a prominent presence in motorsports. For example, in September, Speedway Motorsports had announced that they would be partnering with GigLabs to launch the website RaceDayNFT to sell NASCAR-themed NFTs.
Blockchain gaming company Animoca Brands hired NASCAR superstar Joey Logano as the face of REVV Motorsports. The company is also planning to create and release special NFTs based on Logano, featuring his driver helmet and logo, iconic racing moments, and special car liveries.
TODAY, FINALLY, OUR GAME WILL RELEASE!
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www.dogesuperbowl.finance
Doge Superbowl is an NFT game based on the vibrant culture of Football 🏈
In DSB the players can compete against the machine and against other players, receiving rewards in DSBOWL, which is our core token. Today we are launching the PvE mode at 00h UTC!
This "play-to-earn" system allows the player to earn an income while playing and having fun. All characters in the game are NFTs and belong exclusively to the player. The whitepaper is on our website!
Build your team, train your Doges and be the best trainer in the world!
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Contract:
PancakeSwap - https://pancakeswap.finance/info/token/0x6a43f8f4b12fcd3b3eb86b319f92eb17c955dda3
Contact us:
https://news.1rj.ru/str/dogesuperbowlusa
🏈 With a fast ROI for the first players (less then 20 days)!
🏈 Token pre sale sold out in 27 seconds.
🏈 First NFT Sales sold out in less then a minute.
🏈 Last NFTs offer 39 BUSD. Have fun! Oh, and make money as well!
www.dogesuperbowl.finance
Doge Superbowl is an NFT game based on the vibrant culture of Football 🏈
In DSB the players can compete against the machine and against other players, receiving rewards in DSBOWL, which is our core token. Today we are launching the PvE mode at 00h UTC!
This "play-to-earn" system allows the player to earn an income while playing and having fun. All characters in the game are NFTs and belong exclusively to the player. The whitepaper is on our website!
Build your team, train your Doges and be the best trainer in the world!
www.dogesuperbowl.finance
Contract:
PancakeSwap - https://pancakeswap.finance/info/token/0x6a43f8f4b12fcd3b3eb86b319f92eb17c955dda3
Contact us:
https://news.1rj.ru/str/dogesuperbowlusa
NFTDrop Alerts!!! 🚨🚨🚨
Thrilled to present you Lion Kingdom NFT Project.
🦁DROP DATE: NOV 15🦁
Lion Kingdom will storm the NFT market with a killing roadmap, including:
1️⃣ Lion Racing Games
2️⃣ ERC-20 tokens $LOK for gameplay and staking/farming
3️⃣ After launching Nala (the Female Lion) in 2022, users can start breeding cubs and developing their own territory in Prairie to hunt and battle with other Lion Kingdoms
4️⃣ Exciting community building activities, such as NFT airdrop, ETH giveaway with a community fund of $50,000
✨DROP DATE: November 15th
🔥Price: 0.07ETH
📍Where: https://lionkingdom.io/mint
Join the Lion Kingdom on the Prairie:
Website||Telegram||Twitter||Discord
Thrilled to present you Lion Kingdom NFT Project.
🦁DROP DATE: NOV 15🦁
Lion Kingdom will storm the NFT market with a killing roadmap, including:
1️⃣ Lion Racing Games
2️⃣ ERC-20 tokens $LOK for gameplay and staking/farming
3️⃣ After launching Nala (the Female Lion) in 2022, users can start breeding cubs and developing their own territory in Prairie to hunt and battle with other Lion Kingdoms
4️⃣ Exciting community building activities, such as NFT airdrop, ETH giveaway with a community fund of $50,000
✨DROP DATE: November 15th
🔥Price: 0.07ETH
📍Where: https://lionkingdom.io/mint
Join the Lion Kingdom on the Prairie:
Website||Telegram||Twitter||Discord
Blockpass Enhances Cross-Chain KYC With Successful Polygon Integration
Blockpass has just announced that it has successfully completed its integration with Polygon, the scalability, and interoperability solution. As part of the integration, Blockpass has also updated its mobile application to support Polygon crypto addresses.
The partnership will enable Blockpass to provide essential KYC services for the Polygon protocol and its framework, which is used to build and connect Ethereum-compatible blockchain networks.
Polygon has made significant progress in its goal of solving significant problems that plague the blockchain space. Polygon solves critical issues such as slow speeds and high gas fees without compromising on factors such as security. Polygon is able to combine Ethereum and other independent blockchains into a full-fledged, multi-chain ecosystem.
Thanks to Polygon’s multi-chain ecosystem, developers are able to scale their decentralized applications rapidly. The protocol has already benefited over 3000 decentralized applications, thanks to Polygon’s security, openness, and power. It is also fully compatible with the Ethereum blockchain.
Blockpass provides a one-click compliance gateway to regulated industries, financial institutions, and services as a digital identity verification provider. Blockpass allows users to create, store and manage a secure digital identity, which can then be utilized for an entire ecosystem of associated services, purchasing tokens, and gaining access to regulated industries.
A comprehensive KYC and AML SaaS, Blockchain does not require any setup costs or integration. Users can set up services in minutes, test them with absolutely no cost involved, and then verify and onboard users.
Blockpass currently has over 160,000 verified user identity profiles, facilitating instant onboarding, with over 5000 services having already taken advantage of the service and gain access to users and reusable digital identity profiles.
Commenting on the integration, Blockpass CEO Adam Vaziri stated,
“We’re excited to see how Polygon has developed into something so amazing, particularly over the past year. Removing the pain points in blockchain technology is essential for its continued growth, and working with the great team at Polygon to do it in a secure and compliant manner - without putting any undue burden on users and developers - is an honor.”
Since its inception, Blockpass has seen significant growth in use. The number of users on the protocol and the number of organizations it has partnered with, significantly increasing its scope of work. Blockpass’s digital identity protocol is constantly being updated with several new additions that would improve user experience.
The need for compliance in DeFi projects has driven interest in Blockpass’s on-chain KYC solution, which can potentially change how blockchains enable compliance. Blockpass has also collaborated with Animoca Brands, developing the ability to provide KYC where the delivery of verification results is sent without sharing any of the underlying data. This is a significant step towards Blockpass’ vision of achieving identity verification without revealing any personal information.
Blockpass has just announced that it has successfully completed its integration with Polygon, the scalability, and interoperability solution. As part of the integration, Blockpass has also updated its mobile application to support Polygon crypto addresses.
The partnership will enable Blockpass to provide essential KYC services for the Polygon protocol and its framework, which is used to build and connect Ethereum-compatible blockchain networks.
Polygon has made significant progress in its goal of solving significant problems that plague the blockchain space. Polygon solves critical issues such as slow speeds and high gas fees without compromising on factors such as security. Polygon is able to combine Ethereum and other independent blockchains into a full-fledged, multi-chain ecosystem.
Thanks to Polygon’s multi-chain ecosystem, developers are able to scale their decentralized applications rapidly. The protocol has already benefited over 3000 decentralized applications, thanks to Polygon’s security, openness, and power. It is also fully compatible with the Ethereum blockchain.
Blockpass provides a one-click compliance gateway to regulated industries, financial institutions, and services as a digital identity verification provider. Blockpass allows users to create, store and manage a secure digital identity, which can then be utilized for an entire ecosystem of associated services, purchasing tokens, and gaining access to regulated industries.
A comprehensive KYC and AML SaaS, Blockchain does not require any setup costs or integration. Users can set up services in minutes, test them with absolutely no cost involved, and then verify and onboard users.
Blockpass currently has over 160,000 verified user identity profiles, facilitating instant onboarding, with over 5000 services having already taken advantage of the service and gain access to users and reusable digital identity profiles.
Commenting on the integration, Blockpass CEO Adam Vaziri stated,
“We’re excited to see how Polygon has developed into something so amazing, particularly over the past year. Removing the pain points in blockchain technology is essential for its continued growth, and working with the great team at Polygon to do it in a secure and compliant manner - without putting any undue burden on users and developers - is an honor.”
Since its inception, Blockpass has seen significant growth in use. The number of users on the protocol and the number of organizations it has partnered with, significantly increasing its scope of work. Blockpass’s digital identity protocol is constantly being updated with several new additions that would improve user experience.
The need for compliance in DeFi projects has driven interest in Blockpass’s on-chain KYC solution, which can potentially change how blockchains enable compliance. Blockpass has also collaborated with Animoca Brands, developing the ability to provide KYC where the delivery of verification results is sent without sharing any of the underlying data. This is a significant step towards Blockpass’ vision of achieving identity verification without revealing any personal information.
🚀First time in history an NFT was sold for 35 ETH in primary sales!
1st stage of the Reservation was sold out in 2 seconds! ⏳
• 498 Random Eggs sold for 0.2 ETH each
• 1 Epic Egg sold for 7 ETH
• 1 Legendary Egg sold for 35 ETH
Stay tuned not to miss the 2nd stage of Reservation
Visit: cryptodragons.com 🌐
1st stage of the Reservation was sold out in 2 seconds! ⏳
• 498 Random Eggs sold for 0.2 ETH each
• 1 Epic Egg sold for 7 ETH
• 1 Legendary Egg sold for 35 ETH
Stay tuned not to miss the 2nd stage of Reservation
Visit: cryptodragons.com 🌐