DapperLabs’ CryptoKitties Moves From Ethereum To Its Custom Made Flow Blockchain

  • CryptoKitties, one of the most popular crypto collectable games developed by Dapper labs is all set to make its move to the Flow blockchain from its current platform Ethereum.

CryptoKitties made headlines when it partnered with the NBA to create digital collectables for the NBA and players. It also crashed the Ethereum network when it was launched back in 2017. The game would remain interoperable with Ethereum but it would move to flow with new upgrades and game features.

The new features would include animated 3D attributes, scalable nature due to the custom-built blockchain and users could also use the digital assets of the game in other games on the Flow blockchain.

While scalability was one of the key reasons behind the move to Flow, the CEO of Dapper Labs, Roham Gharegozlou, also mentioned that the platform was getting costlier for generating new cats in the game. The CEO further explained:

“Everyone on Ethereum will be able to take their cat to Flow. They’ll get upgraded powers, and will be able to be used on all kinds of Flow applications. The vision we had with KittyVerse: Hats on Cats, Kitty Races…will be much easier to be created around the kitties, in a way that millions of people, hundreds of millions of people can actually play with.”

DapperLabs Aims to Make Digital Collectables A Valuable Asset

The move to Flow is seen as a small step towards a long term goal of making digital collectables mainstream and valuable. Dapper Labs aims to continue in its aim of providing its users with true in-game ownership, thanks to its underlying Non-fungible tokens. All of which can be traded, exchanged and used to play within the game and community.

Dapper Labs hopes that as development progresses, and people and developer communities realize the potential, more games with similar digital collectables will be launched on Flow, making it a complete ecosystem and a marketplace of its own.

In the past couple of months; in the run-up to the Flow launch, Dapper Labs made several new announcements and promotional events.

It also invited developers to its new platform PlayGround and created a new programming language called Cadence specifically meant to ease the process of developing new smart contracts for creating Non-Fungible Tokens on the Flow blockchain.

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Author: Silvia A

BTC HODLers (Over 1 Year) Climb to An All-Time High During Market Turmoil Ahead of The Halving

The world’s leading cryptocurrency is back to showing some movement as we make our way back above $7,000, going to $7,143.

While BTC is still down 3.76% YTD, altcoins like Kyber Network (163%), Hedera Hashgraph (138%), DigixDAO (98%), BSV (97%), and Chainlink (95%) are yet reporting substantial gains.

Interestingly, $912 million worth of Tether (USDT) is currently being exchanged on top ten exchanges with real volume in the past 24 hours compared to Bitcoin’s $883 million, as per Messari.

Today’s gains, however, have been yet again alongside stocks just as oil prices started rebounding.

After about a 5% drop earlier in the week, Dow and the S&P 500 rose 1.9% on Wednesday. The selling has been triggered by a collapse in oil prices which dipped below zero for the first time. Today, some stability returned to the market with the price of international benchmark Brent crude and the American benchmark West Texas Intermediate crude sharply higher.

US Treasury bond prices meanwhile fell signaling that investors are yet again turning back to riskier investments. Moreover, the US Senate has passed a bipartisan $484 billion coronavirus relief package for distressed small businesses.

As for Wednesday’s first-quarter earnings report, Delta Air Lines had its first quarterly loss in years. Netflix’s shares fell after hitting a record high last week over increased demand anticipation which was met with countries in lockdown.

Bitcoin must remain above $6,200/$7,000 zone

Bitcoin that has a market cap of $130 billion, the same as Tesla along with other digital assets remained somewhat isolated from the latest market crash led by oil.

While the leading digital asset is keeping steady, it didn’t reclaim the key upside levels either all the while the hash rate of the network is back near all-time highs with mining difficulty making a big positive adjustment.

“The market may have been unable to stage the much sought-after rally, but it also remained somewhat resilient and prone to unexpected swings,” noted Denis Vinokourov, head of research at crypto investment brokerage, Bequant.

According to him, the market needs to remain above the $6,200/$7,000 zone because “below that the next support is not seen all the way to the low $5,000 zone.”

But in the current market turmoil, everything is possible, with everything from interest rates, oil futures, to yield going inverted amidst QE, surging employment, and massive bailouts. In such an event, Gabor Gurbacs of VanEck said, bitcoin “seems to make more sense than most markets.”

Bitcoin halving is also now less than 20 days away that will cut down its inflation in half. Price-wise, we can still go lower as trader Crypto Michael said,

“Funny, equity markets go up, BTC go up. The push even came slightly before equity markets opened.

In interesting resistance areas here. Weekly open + yearly level above us. Reclaiming them and I’be interested for longs, but overall expecting retest $6,900.”

Meanwhile, before this big event, the number of addresses holding BTC for more than a year is currently at their all-time high.

“On April 21, 18.99 million addresses were holding 10.83 million BTC for over a year. This number is 25% higher than the same date last year,” noted IntoTheBlock.

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Author: AnTy

Coinbase Upgrades Wallet App to Simplify Crypto Transactions In A Bid to Boost Adoption

Coinbase exchange has announced an upgrade of its digital wallet in a bid to make crypto transactions much easier. According to a blog post on April 8, the firm intends to create an ecosystem where sending or receiving digital currencies will be initiated with only a few taps. This will be facilitated in over 100 countries supported by Coinbase as well as transfers to other crypto wallets.

The new changes were made on the platform’s interface and are set to improve three major front-end functions within Coinbase. They include discoverability, execution, and confidence while leveraging Coinbase for its crypto trading services.

With the new upgrade, Coinbase users can initiate a crypto transaction through the action button as long as they are operating anywhere on the app. The update will further facilitate quick and simple currency swaps giving an opportunity for new users to intuitively navigate the Coinbase ecosystem. Finally, the exchange cleaned up its visual design; this will allow more transparency and build confidence as users will better understand the underlying of their crypto transactions.

Following this milestone, Coinbase is optimistic that it will enhance its service delivery to realize an open financial ecosystem as envisioned. The blog reads,

“Along with helping you manage your crypto and earn rewards, we believe sending and receiving will be a critical element of the open financial system.

We are excited to make this service accessible to more customers on Coinbase.”

Coinbase’s Recent Changes

This exchange has made a number of fundamental developments since the year began. Last month, Coinbase updated its address features to accommodate simple usernames such as @BEG instead of the normal complex string of characters.

Coinbase also introduced Bitcoin batching to free up space within its network and save on operational costs. This move was however criticized by some crypto stakeholders who noted that the exchange was late to game given its peers had integrated this feature two years earlier.

Another notable milestone is Coinbase Pro which was launched on android for advanced and pro traders. The San Francisco based crypto exchange is currently among the leading platforms in daily volumes traded globally.

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Author: Edwin Munyui

Crisis Investing 2020 Docu-Series on Financial Markets Set to Release

Crisis Investing 2020 is a series of episodes for investors. The episodes teach you how to “make life-changing money” while markets are crashing.

Crisis Investing 2020 claims to teach you the secrets that rich people use to take advantage while ordinary people scramble. The 2008 crisis gave rise to plenty of millionaires and billionaires. Will we say the same thing about the 2020 financial crisis?

You can sign up for Crisis Investing 2020 for free today at CrisisInvesting2020.com. Just enter your name and email address.

Crisis Investing 2020 is free. After entering your email, you will receive a link to each episode. The episodes stay online for 24 hours.

The first Crisis Investing 2020 “Docu-Cast” will appear online on April 7, 2020.

Let’s take a closer look at everything to know about Crisis Investing 2020.

What is Crisis Investing 2020?

Crisis Investing 2020 is a nine-part online docu-cast that teaches viewers how to capitalize on an economic crisis.

By picking the right investments today, investors can safeguard their portfolio and take advantage while others flee the market.

The team behind Crisis Investing 2020 claims to have gathered “the world’s elite money minds all in one place” to create the documentary series.

Crisis Investing 2020 is being published online for free, with the first episode scheduled to air on April 7, 2020.

What will You Learn from Crisis Investing 2020?

There’s limited information online about what you’ll learn in Crisis Investing 2020. However, here are some of the things we know will be included in Crisis Investing 2020:

  • The playbook that the rich use during economic crises to continue getting richer
  • The investment strategies you can use to capitalize on the 2020 economic crisis (or any other economic crisis)
  • The moves you should make while the masses “panic and freeze”
  • Information on investments in real estate for profit and cash flow
  • What to do with your failing financial assets, including the time to buy, sell, and hold
  • Current tax liabilities investment opportunities and the advantages and learn how to recoup or defer thousands of dollars from this
  • How to gain stable businesses at extremely low prices to generate cash flow for life
  • What’s really going on in our current economy and state of the crisis from a former White House economist
  • The best trades to make when a crashing market is in free fall
  • Option strategies with big returns
  • The businesses that will survive and make strides during this crisis to become the next Amazon or Netflix

Overall, Crisis Investing 2020 makes big promises about its effectiveness. The sales page for Crisis Investing 2020 asks you to imagine what it would be like to have $10 million in the bank, for example. Targets like this are attainable by following the lessons in Crisis Investing 2020 – at least, according to the team behind Crisis Investing 2020.

Who’s in Crisis Investing 2020?

Crisis Investing 2020 claims to feature “the world’s elite money minds all in one place”. However, the sales page for the docu-series does not mention any specific names.

We have no idea who will appear in Crisis Investing 2020 – or why those people are qualified to give you investment advice.

Why is Crisis Investing 2020 Free?

The creators of Crisis Investing 2020 are publishing the documentary series online for free because, in their words, people should have this critical information during a time of crisis:

“Why free? You deserve this critical information and we’re committed to making sure every single person that needs it has access during this crisis.”

Of course, the real answer is that the team is building an email list it will use to sell you products in the future (we assume).

However, it’s not totally clear what types of products will be advertised to this email list. The last documentary released by this company, Supplements Revealed, sold packages of supplements to viewers (like the $250 Gold Package, which included supplements and online guides).

Despite what Crisis Investing 2020 tells you, the company is not releasing this documentary out of the goodness of their heart: the company wants to sell you products and make money. The documentary is more of an advertisement than an objective documentary. However, one can not refute the high profile, next level caliber of people they have in the all-star line up of people being interviewed who share their insights and analysis on the current financial market landscape.

Who’s Behind Crisis Investing 2020?

Crisis Investing 2020 was created by a Park City, Utah-based company called Revealed Films, Inc.

There’s limited information online about Revealed Films. However, we know the filmmaking company is led by Jeff Hays, who also publishes movies under the name Jeff Hays Films.

Previous documentaries from Jeff Hays and Revealed Films have included FahrenHype 9/11, GMOs Revealed, Christ Revealed, Money Revealed, and The Healing Miracle.

Revealed Films has a subpar rating on the Better Business Bureau website, with multiple customers in the past three months (December 2019 to March 2020) complaining about ordering problems and refund issues. However, the company and names above all have reputable backgrounds and have been putting together similar style documentaries and movie films that tell a story by collectively getting the biggest and brightest to share perspectives and forward-thinking feedback.

Final Word

Crisis Investing 2020 is a free, nine-part documentary series that teaches people how to make smart investments during a time of crisis – like the current COVID-19 coronavirus pandemic that has sent markets into turmoil worldwide.

Crisis Investing 2020 promises to teach you the strategies that rich people use to get richer during an economic crisis.

You can sign up to view the documentary series online through CrisisInvesting2020.com.

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Author: Andrew Tuts

Ripple Donates $200k to COVID-19 Emergency Response Fund; Crypto Companies Stepping Up

The San Francisco-based Ripple is the latest company to make donations to the novel coronavirus response fund.

The company took to Twitter to share that they had donated $100k donations each to the COVID response fund by Silicon Valley Community Foundation and Tipping Point Community.

“In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $100K donations each to @tippingpoint’s COVID emergency response fund and @siliconvalleycf’s COVID Regional Response Fund,” tweeted Ripple.

Binance to Donate Millions to Worst Affected Countries

Ripple is not the first company in the crypto space to do so. A few days ago, Binance Charity, the donation arm of leading crypto exchange Binance announced a project titled ‘Crypto Against COVID’ through which it is looking to raise $5 million in cryptos (BTC, BNB, XRP, and BUSD).

Binance will make an initial donation of $1 million USD and further commits to donating up to $2 million and match $1 million USD of public donations received. The funds will be used to buy medical supplies for the countries worst affected by the virus.

“The crypto community is a growing force and we have an opportunity to strengthen this through philanthropy. We encourage the community to take part in this initiative as we unite against COVID-19, and together, we’ll drive impact,” said Binance founder and CEO Changpeng Zhao.

In January, Binance also launched “Binance for Wuhan” and donated about $1.4 million worth of medical supplies to support China in its battle against the COVID-19.

Tron Foundation also sent shipments of medical supplies to China earlier this year.

Emergency Funds to Help Startups

A few days ago, the Giving Block crypto charity was also launched where donations were made in cryptocurrency to non-profit partners.

“Today, donating cryptocurrency is not just a way to lower our taxes. It is our chance to protect the people we love, all while telling the new crypto story,” said Alex Wilson, CEO of The Giving Block.

An emergency fund by CNBC’s CryptoTrader host Ran NeuNer in collaboration with Yossi Hasson of Techstars has also been created to help the startups affected by the COVID-19 outbreak. The fund has raised $10 million so far.

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Author: AnTy

Vitalik Buterin Calls Popular Bitcoin Stock-to-Flow (S2F) Model “Rationalized bulls—t” Vitalik Buterin Calls Popular Bitcoin Stock-to-Flow (S2F) Model “Rationalized bulls—t”

  • “Event X (including stock-to-flow model) will make crypto go (up | down) are post-hoc rationalized bullshit,” – Ethereum co-founder Vitalik Buterin
  • “The proven cointegration is still there everybody can verify it, until you prove it wrong” – PlanB who uses S2F model to determine BTC value
  • Last week, Trezor also posed a question on the model saying “using Stock-to-Flow to predict prices is absolute nonsense”

Ethereum co-founder Vitalik Buterin dissed the stock-to-flow model that puts bitcoin’s value at above $100k before Dec. 2021 based on its scarcity. According to this model, the reward halving in May 2020 will make the digital asset more scarce than gold.

Buterin took to Twitter on Thursday to comment,

“Your daily reminder that 95%+ of articles of the form “event X will make crypto go (up | down)” are post-hoc rationalized bullshit.”

In response to this, analyst PlanB, who first used this model to determine bitcoin value said,

“You can call stock-to-flow model rationalized bulls**t or absolute nonsense but that’s not how math/stats works: the proven cointegration is still there, everybody can verify it, until you prove it wrong. But I get Vitalik: liking S2F = saying ETH has no value, ofc he is a critic”

Bitcoin price has been following the Stock-to-flow model over its past 10-year journey even the ongoing crash below $8,500 has been “spot on model value”.

Using Stock-to-Flow to predict prices is absolute nonsense

Buterin is not alone in criticizing the model, many analysts have done so. The most recent one has been by crypto hardware wallet manufacturer Trezor.

Although mathematically the model looked “convincing” and the idea behind it was impressive, “using Stock-to-Flow to predict prices is absolute nonsense,” states the blog.

It argues that the price is the result of supply and demand. But the stock-to-flow model only takes the supply side into account. “If the demand for Bitcoin falls, the price will drop even at the same Stock-to-Flow.”

The article illustrates Bitcoin fork Bitcoin Cash for which the model doesn’t work because there isn’t any demand for it.

“If we knew Bitcoin had to moon because of the magical Stock-to-Flow and shoot up ten times with every halving, why aren’t we there yet?” The blog further argued that the model puts bitcoin value higher than the GDP of all countries in the world in a few decades. And sometime in future, an infinite value, “then a negative price of Bitcoin.”

The analyst PlanB has previously called that phase to be hyperbitconization when the dollar would fail to be used to measure bitcoin value. Trezor said,

“Scarcity is a necessary but not sufficient condition of value. The Stock-to-Flow model correctly draws attention to scarcity but omits the second necessary variable from the equation. As a result, it is unusable to predict the price and remains just a wish of all Bitcoin fans.”

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Author: AnTy

Wilshire Phoenix’s Is Confident The SEC Will Approve Its Bitcoin ETF; What Are The Chances?

The United States SEC is set to make another ruling on a proposed Bitcoin ETF this Wednesday. Wilshire Phoenix, the company behind this Bitcoin dependent asset, will finally know the outcome of a filing process that started in mid-2019. It might as well shape the regulatory scene of Bitcoin ETF’s if blessed by the powers that be to launch this product.

To date, the SEC has not yet approved any bitcoin ETF application as all have failed to meet minimum requirements to trade in regulated markets. It is therefore very difficult to predict the ruling that will be made on Wednesday. However, Wilshire Phoenix is optimistic of a favorable decision by the SEC especially after its continuous effort in filing additional information on their proposal as late as last week. More so, William Herrmann, the Managing Partner of Wilshire was confident in a phone conversation with CoinDesk that the approval will take place.

In previous cases, Bitcoin ETFs were rejected by the SEC due to worries regarding market manipulation and the need for surveillance-sharing agreements came up. For a better outcome Wilshire has attempted to address those concerns in the latest proposal through rebalancing itself among U.S. Treasury bonds and Bitcoin due to cryptocurrency’s volatility.

With the latest amendments filed on 14th February on underwriters’ section, Wilshire Phoenix highlighted its intended number of shares and the maximum price for one. The firm settled for an initial ,8040 shares subject to review at the price of $2,500.

Does Wilshire Phoenix’s Bitcoin ETF Stand a Chance?

Representatives from Wilshire Phoenix, NYSE Arca and their law firms had a meeting with Commissioners Hester Peirce and Allison Herren Lee as documented in the public documents. It was observed that the SEC is paying attention to the filing. However, SEC’s opinion on the proposal was still opaque after the meeting of the companies’ representatives and the Division of Trading and Markets.

Herrmann emphasized on how beneficial the Bitcoin ETF would be by allowing more investors to safely access the crypto market. He said,

“We want to provide easy access to strategies that are often only limited to institutions or accredited investors,” Herrmann said. “Restraining who is able to invest in any product or strategy on the basis of socioeconomic status or for any reason is simply wrong. This leaves many exposed to sudden market volatility followed by likely losses due to lack of diversification.”

Wilshire Phoenix believes that creating multiple investment options is a goal of its overall strategy and is confident on acquiring the Bitcoin ETF soon. If all goes well, they plan on launching the gold ETF thereafter.

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Author: Edwin Munyui

TokenSoft Debuts New Wallet Enabling Investors to Self-Custody Security Token Investments

TokenSoft, a US licensed security token platform, has launched a new wallet that will make it easier for investors to self-manage their security tokens accounts, CoinDesk reports.

The new offering, which was revealed on Thursday, provides the platform users with an easy to use and highly secure wallet where they can hold as well as control their investments. The new product also comes with an automated dividend distribution as well as an in-built reporting mechanism for the token issuers. If a client has more than $1 billion worth of investments, they can use the multi-signature security tool. Mason Borda, TokenSoft CEO, expressed his gratitude for the new product. He said:

“We’re excited to bring a multi-signature wallet security packaged in a self-controlled, easy to manage brokerage-style experience to the over 100,000 investors using our platform.”

The new product by TokenSoft supports different security tokens which adhere to the set regulatory requirements such as Tezos’ FA1.2and ERC-1404.

According to the firm’s head of business development, Jordan Davis, the TokenSoft Investment Accounts wallet will add more pressure on financial companies to provide investors with improved services as well as management tools. He said:

“People will be able to add or remove service providers from accessing their assets the same way you can add or remove profiles from your Netflix subscription.”

Tokensoft’s subsidiary, DTAC LLC, obtained a transfer agent’s license from the U.S. Securities and Exchange Commission (SEC) which is an imperative step on the firm’s quest to introducing tokenization in the conventional securities and finance industry.

Borda has previously explained that TokenSoft is gearing to offer the technology necessary for companies to go for an IPO through putting the shares within a blockchain network or platform. Borda also explained that TokenSoft is developing the requisite aspects required for a virtual investment bank.

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Author: Joseph Kibe

IBM To Launch ‘Thank My Farmer’ A Seed-to-Store Blockchain-Based Coffee Tracking App

A new blockchain app from IBM will make it possible for coffee consumers who are interested in sustainability to trace the coffee they’re drinking.

The app is called Thank My Farmer and allows people to learn things about the coffee places from where they have gotten their so loved beverage and the farm where their coffee has been grown. Built in partnership with Farm Connect and using IBM’s blockchain, Thank My Farmer was unveiled in Las Vegas, at the Consumer Electronics Show. It’s supposed to launch this year.

10 Important Organizations in the Coffee Industry Supporting the App

The app is supported by 10 of the most important coffee organizations like The Colombian Coffee Growers Federation (FNC) and Beyers Koffie. It’s also very appreciated because it supports consumers to more informed decisions when it comes to their coffee choices, not to mention it helps with the promotion of coffee suppliers that are using environmentally friendly processing methods.

Not the First Blockchain Initiative for the Coffee Supply

It isn’t the first time that blockchain technology is being used to make things transparent when it comes to the coffee supply chain, as Starbucks has said in May 2019 that it will use the Azure blockchain technology from Microsoft to inform consumers about their coffee, while the government in Ethiopia is exploring how blockchain tech could be used to track the country’s coffee exports.

With IBM’s Thank My Farmer, people will be able to scan QR codes from coffee jars and find out more about where their product is coming from, not to mention they’ll be able to make additional payments to coffee farmers. Founder and president of Farmer Connect, David Behrends explains,

“After scanning a QR-code, consumers are taken straight to a product page that gives details about the coffee they are drinking. Below that description is an interactive map that shows the journey the coffee has taken. We say you can travel the world through a cup of coffee, and we’d like to help consumers visualize that.”

Only Selected Brands in the US and Europe for Now

While the app will be initially available only for some brands in Europe and the USA, IBM is looking to bring in other coffee producers and to create additional support pages for making donations to the communities from areas in which the coffee has been grown.

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Author: Oana Ularu

BlockFi to launch BTC Rewards Credit Card and Add Support for Litecoin & USDC

  • BlockFi working to make wealth management simple and accessible
  • Their new product will allow users to earn a BTC cash-back rate on every transaction via BTC rewards credit card
  • Support for USD Coin (USDC) and Litecoin (LTC) is also coming in few weeks

BlockFi, a cryptocurrency lending service backed by Winklevoss Capital, Galaxy Capital and ConSenSys Ventures among others will be coming with its newest product, the BTC rewards credit card, announced the company in its letter from founders where it reflects on 2019 and what to expect in 2020.

The company will be working on developing a product that allows users to spend money on their BTC rewards credit card. But instead of earning a cash back or airline miles, you will earn a BTC cash-back rate on every transaction that you may make with that card.

This BlockFi says is “a way to add value to crypto OGs as well as a novel way to introduce crypto to non-owners in an easy, familiar way.”

Apart from working on the BTC reward credit card, BlockFi will be adding support for USD Coin (USDC) and Litecoin (LTC) in the first few weeks at the “most competitive interest rates in the market.”

Currently, it offers a 6.2% annual percentage yield (APY) on less than 10 BTC deposits and 2.2% on more than 10 BTC. On less than 1000 Ether, BlockFi offers 4.1% APY and 0.5% on the amount exceeding 1000 ETH. On GUSD, there is a standard 8.6% APY.

Expanding the Use of crypto on a global scale

Last year has been a “breakout year” for BlockFi when it launched USD loans secured by crypto, BlockFi trading, and BlockFi Interest Account (BIA). While with BlockFi Trading one can buy and sell crypto pairs with no fees, with BIA you can diversify your crypto portfolio without having to purchase crypto and also earn passive income.

BlockFi also secured $18.3 million in Series A funding led by Peter Theil’s Valar Ventures with participation from Morgan Creek Digital, Winklevoss Capital, and Akuna Capital with ConsenSys and Galaxy being the earlier backers in Q3 of 2019.

At that time, the founder Zach Prince said BlockFi has been seeing its monthly revenue grow over 10 times since January.

Now in 2020, the company’s vision is to “to build upon our current suite of financial products in a way that makes wealth management simple and accessible.”

The goal, they say, is to “further expand the use of crypto on a global scale.”

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Author: AnTy