Changpeng Zhao Says Binance Is 10x Bigger Than Its Closest Competition, Speaks On Regulatory Challenges

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December 1, 2021

Changpeng Zhao Says Binance Is 10x Bigger Than Its Closest Competition, Speaks On Regulatory Challenges

Binance CEO, Changpeng Zhao has revealed the inner workings of the world’s largest cryptocurrency exchange.
He goes on to list some lesser-known milestones achieved by the exchange and the keys to its success.
Binance has suffered from regulatory challenges in the past but Zhao is confident in his blueprint to solve the nagging problem.

Binance didn’t rise to the top by chance. It was a carefully calculated effort made up of interesting innovations and a culture of focusing on the product.

Binance Is 10x Bigger Than Competitors

Changpeng Zhao, Binance CEO revealed the exchange’s journey to the top with Forbes in a recent interview. The CEO of the largest cryptocurrency exchange noted that at its launch in 2017, Coinbase and Kraken controlled the bulk of the US markets while Poloniex and Bittrex topped the charts for their large volumes but they had a narrow focus. CZ commented that at that time, no exchange catered to the needs of a global audience and so, he decided to tweak the formula.

“We had support for 31 languages on the day we launched and nine languages within a month. Today we support 31 languages on our interfaces. Our customer support is in 16 different languages” said Zhao. “So I think listing a high number of tokens was an advantage, but being more international was also the first thing we did.”

Apart from offering multiple languages and listing many tokens, Binance pioneered one full-screen trading that has now been adopted by other exchanges. Given the exchange’s innovativeness, it has risen to be the largest in terms of trading volumes for both spot and futures markets. It also holds the record of being the largest peer-to-peer marketplace in the world with the additional perks of crypto escrow.

“Most of the time, we’re 10x bigger than the second biggest players. We also have the largest fiat-to-crypto exchange most people don’t know about.” Zhao told Forbes. “We support 50 something fiat currencies all over the world, and nobody has this coverage.”

He told Forbes that Binance owns Trust Wallet, the most downloaded crypto wallet, and owns one of the most visited websites in crypto – CoinMarketCap.com. He added that Binance’s NFT platform is closing in on OpenSea and the Binance Smart Chain now has an 80% market share in DeFi with a growing number of daily users.

The Regulatory Brouhaha

Binance’s sheer size makes it an easy target for regulators and as expected the exchange has run into trouble with regulators from the UK, the US, Japan, and Germany. Answering questions about how it intends to resolve the regulatory challenges, Zhao replied that the exchange was already transitioning from a decentralized structure to a centralized structure.

He added that the exchange is shopping for a new global headquarters and is in the process of setting up “local entities, local office, and board governance structures”. Binance has hinted that France could be the spot for the new global headquarters but was previously quoted to have hinted towards Ireland.

Zhao fielded questions about the exit of Brian Brooks, the former CEO of Binance.US stating that “if people come in and they’re not a strong fit, then we part ways as quickly as possible.” He added that new CEO Brian Schroder has a “game plan” on how to ensure the success of Binance.US over big spenders, FTX, and Crypto.com.

The Pandemic Is A Call For Creatives to Adopt NFTs and Decentralized Markets

By

Livine Sanchez

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December 1, 2021

The Pandemic Is A Call For Creatives to Adopt NFTs and Decentralized Markets

It is almost two years since the first Covid 19 case was reported. A lot has changed between this period, with the most significant shift being the embracement of digital ecosystems and remote work. Notably, the pandemic has affected the day-to-day operations of various industries, including the corporate world, hospitality, and the art sector, to mention a few.

While the adverse effects have been felt across the board, the art sector took a great hit following the closure of most art galleries and museums throughout 2020. According to statistics by The Art Newspaper, the industry experienced a 77% drop in activity. The number of visitors at the Louvre in Paris (the world’s most popular museum) witnessed a drop from 9.6 million to barely 2.7 million in 2020.

What Next for the Creative Industry?

With the world gradually resuming normalcy, the art industry has started breathing afresh. But for how long? A new covid variant ‘Omicron’ is now threatening the progress made within the past year. Though it is still early to predict how art galleries and museums will be affected, some countries have already taken measures to limit movements across their borders. It goes without saying, this industry might be in for another rough season.

However, the big question is how can creatives adapt and thrive in a world where lockdowns seem to be forming the status quo? Well, the answer lies in integrating their work with digital ecosystems such as the Non-fungible token (NFT) market. This growing cryptocurrency niche is fast emerging as a pillar stone in the art industry.

Ideally, NFTs enable artists to represent their creative work on a blockchain network, making it possible to monetize the art through traditional and decentralized art markets. This ecosystem has been gaining a lot of traction in the past few months, with prominent Hollywood celebrities, athletes, and billionaires such as Mark Cuban taking a keen interest.

NFTs present a new dawn for art galleries and museums. The industry has grown to feature millions worth of NFT sales from prominent artworks such as Beeple’s, Everydays – The First 5000 Days, which sold for $69 million at a Christie’s auction back in March. Other traditional art gallery markets, including Sotheby’s, are also moving to offer NFT collection sales.

While these long-standing art brokers are seizing the NFT opportunity, their centralized nature has attracted criticism from various stakeholders. For instance, the co-founders of Assembly art gallery, Ashlyn Davis Burns and Shane Lavalette, told Decrypt that NFT projects built on decentralized ecosystems will likely attract more artists to the NFT space,

“There is a desire to develop digital experiences that actually feel less transient, hence the blockchain as ‘permanence’ and the notion of provenance in the digital space,”

“Surely, we will see more digitally native art find a home at NFTs, as well as artists working to develop more projects that respond to NFTs and blockchain as a medium in and of itself,”

A New Dawn; Decentralized Art Galleries

As mentioned earlier, the world is now a digital hub, from the emergence of remote work to crypto assets which are being used as a mode of payment. While this paradigm shift has caught up with more industries, some of the approaches such as selling NFTs through decentralized art galleries defy the very fundamentals of a decentralized ecosystem.

Thanks to the innovative nature of crypto stakeholders, artists looking to monetize their work through NFTs don’t have to go through centralized brokers. This nascent sector has given rise to NFT projects such as Starly, an NFT launchpad, and marketplace that allows creatives to build economies around their gamified NFT collections.

The starly ecosystem adds value to the NFT market through a gamified model that features randomly generated collections with three different rarity classes. Essentially, creatives can leverage this platform to monetize their social presence, exposing fans to a gamified experience of their NFT collections.

Unlike centralized NFT collection sales, Starly allows anyone to participate in the collection of newly introduced artwork. Furthermore, the collectors can sell their acquired digital collectibles on other NFT marketplaces without going through an intermediary. This NFT ecosystem is one of the few examples that are shaping the future of decentralized art galleries.

Going by the adoption rate, it seems that the odds are tilting in favor of decentralized NFT markets. Nonetheless, traditional art galleries have indicated an intention to be part of the NFT market as it grows bigger. The head of digital at London’s House of Fine Art gallery, Jake Elias, is one of the stakeholders who believe traditional galleries have a significant role to play in NFT adoption,

“The only way art NFTs are going to carry on growing and people are going to carry on buying, and collectors from the traditional space are going to move in, is if the top galleries are involved.”

Bottom Line

As the new world order comes into action, it is crystal clear that decentralized ecosystems will largely dictate the future. This goes for most existing industries, with art galleries and museums standing a big chance to change the narrative of physical art auctions. While some die-hard art enthusiasts may take a longer time to accept the change, statistics and general sentiment are showing that NFT adoption is inevitable.

That said, there is a lot to be done in terms of educating the masses on the value proposition of digital collectibles. Only this way can the world embrace digital art and virtual museums to thrive during uncertain times like the one we are currently living in.

Whale Unsatisfied With SafeMoon’s Price Trajectory Despite Netting $35 Million From A $500 Investment

By

Olivia Brooke

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December 1, 2021

Whale Unsatisfied With SafeMoon's Price Trajectory Despite Netting $35 Million From A $500 Investment

Key takeaways.

Safemoon (SAFEMOON) whale with over 1000000% profit appears unsatisfied with the current price of the token.
A crypto-analyst has speculated that the wallet could be owned by a group of investors with some members at a loss.

SafeMoon, a Binance Smart chain (BSC) based meme coin created this year that saw significant growth before cooling off, has been the center of some activity recently. It appears that some whale investors are dissatisfied with its current market action, despite having made a lot of profit off of their investment.

This was pointed out by Watcher Guru, a crypto market observer. The Safemoon whale wallet had invested around $500 to $700 in the token back in March, buying about 15,000,000,000,000 SAFEMOON. This investment has grown to be currently worth over $35 million. The wallet still holds around 14,535,366,704,046.8 SAFEMOON tokens.

However, recent comments on BSCscan indicate that the investor may be dissatisfied with where prices currently are. Some of the comments that portray this are messages such as “I have over-invested by a lot” and “Okay I need price to go up like very soon” which were posted recently.

A possible explanation

While it is surprising that an investor with such a large profit margin having grown an investment by over 10000000% could want more, there could be another possible explanation. According to Watcher Guru, the wallet could be owned by multiple investors, therefore the disgruntled party could be one that joined the group much later, or even recently. Explaining further, the analyst notes that the comments started showing up after around 20,000,000,000,00 SAFEMOON tokens were added in the past day to bring the value of the wallet to over $60 million.

This explanation could be plausible as the price of SAFEMOON has recently dipped. In the past 24 hours, SAFEMOON is down around 28% and is currently trading at roughly $0.0000024. Additionally, since reaching an all-time high of $0.0000139 in May, the price has struggled, with its current price representing an around 83.6% downward correction. The creators of Safemoon say it was designed to encourage long-term investment, but it has so far been characterized by high price volatility.

Price volatility in the crypto market is still very high among meme coins

High price volatility is common among meme coins and even much of the cryptocurrency market as the whole industry is still very young. Other meme coins including Dogecoin (DOGE), and Shiba Inu (SHIB) have also portrayed price volatility.

Dogecoin, which continues to be the leader of meme coins, is currently trading at a price that is a 71.2% drop from its all-time high of $0.75 reached in May, while still having grown an impressive 4,490% year to date. DOGE is currently trading at $0.215.

Shiba Inu (SHIB) as well has seen intervals of price drops and surges since coming to popularity this year. It is currently trading at around $0.000046, a 48.3% drop from its all-time high reached in October when it surged on the back of several key announcements and community activity.

“Bitcoin Is The Last Remaining Free Market,” Says Bitcoin Crusader, Anthony Pompliano

By

Aliyu Pokima

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December 1, 2021

Will Warren Buffett and Jamie Dimon buy Bitcoin at $250k? Pompliano strongly believes so

Bitcoin’s decentralization has made Pompliano refer to the market as the last remaining free market.
He describes the recent slump in the market as merely a small blip in the grand scheme of things.
The king of cryptocurrencies is losing portions of its market share to altcoins like Ethereum and Solana.

A top Bitcoin crusader allays the fears of Bitcoin investors, urging them to have faith in the markets. He says that the asset is still the king of cryptocurrencies despite a rocky couple of weeks.

Pomp Remains As Bullish As Ever

Anthony Pompliano in a recent interview with CNBC’s Squawk Box has reaffirmed his belief in Bitcoin and the supremacy of the market. The hodl advocate urged investors to take advantage of the dip that accompanied Thanksgiving and Black Friday where the asset fell 20% from its all-time high of nearly $69K.

When questioned that the dip in prices casts doubts over the asset’s ability to be a hedge against inflation, Pomp responded in favor of BTC and pointed out that the historical antecedent paints a different picture. He noted that BTC has suffered from two major “drawdowns” in 2021 with the first being the 50% decline in May, a 30% decline over the summer but the asset has comfortably traded over $50K.

“If you look at the historical volatility, a 12% drawdown in Bitcoin is equivalent to a 1.7% drawdown on the S&P 500 so a 20% drawdown is equivalent to a 3 and a half percent in the S&P,” said Pompliano. He goes on to refer to the Bitcoin market as the last true market in the world given its decentralized nature.

“We’re watching a free market that trades 24/7/365 by millions of people globally and it serves as a price indicator for how people are feeling about certain financial assets or markets.”

Bitcoin, the crypto, and global financial markets took a big hit following reports of a new Covid variant as investors panicked in what could best be described as a “knee jerk reaction.”

Still The King

Pomp noted that 80%-90% of Bitcoin buyers are in profit and he and millions of persons will not be selling his Bitcoin as demand continues to increase. He predicts a further rally in the face of Invesco’s proposed ETP with spot Bitcoin and other positives.

“I think that Bitcoin by far is still the king. When it moves everything moves with it,” Pomp replied to the question of Ethereum’s and Solana’s growth in recent times. He noted that while this might not be the case every time, there is a pattern at play.

Bitcoin still controls the lion’s share of the cryptocurrency markets with over 41% control. Ethereum comes second place with over 20.91%. Binance Coin and Solana have 3.94% and 2.46% respectively.

Metaverse Tokens MANA, SAND, AXS Adopt ‘Take-No-Prisoners’ Approach In Their Rise To The Top

By

Aliyu Pokima

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December 1, 2021

Metaverse Tokens MANA, SAND, AXS Adopt 'Take-No-Prisoners' Approach In Their Rise To The Top

Metaverse tokens are the biggest gainers in recent months as the world turns to the next epoch.
This year, Axie Infinity, Decentraland, and Sandbox have shot to the limelight gaining over 1,000%.
Facebook’s Meta announcement was a trigger that sent the tokens off to the moon.

Metaverse tokens were considered outliers in the cryptocurrency ecosystem until a few months ago when the industry began paying serious attention to them. While Facebook’s meta can be given some credit for their rise, some crypto metaverse projects have been gathering steam on their own.

The Rise Of The Metaverse

Without a doubt, the metaverse is one of the big trends of 2021 in the crypto sphere, second only to NFTs. After Mark Zuckerberg announced that his company will be making a massive foray into the metaverse, the biggest winners were crypto projects involved in building their decentralized versions. Microsoft, another big tech firm has joined the race for the development of their version of the metaverse leading analysts to call it a trillion-dollar market.

“The market opportunity for bringing the metaverse to live may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth $15 trillion in market value today,” said Grayscale, a cryptocurrency investment firm.

Axie Infinity, a play-to-earn game with its metaverse has risen to 2 million daily players and became the most traded NFT collection in Q3 after racking a trading volume of $2.08 billion. Recently, a plot of land on the platform sold for 550 ETH or approximately $2.48 million. The combination of these factors places AXS as the 24th largest cryptocurrency by a market cap of $8.20 billion.

Decentraland’s MANA is the 23rd largest after spending months outside the top 50. 12 months ago, the metaverse token was trading at $0.07033 but managed to reach an all-time high of $5.90 on November 5th. The staggering run means that MANA has fetched investors a return of 62,179% since its launch in 2017. The recent bull run comes on the heels of the groundbreaking announcements from big tech firms.

Sandbox’s Claim To The Top

Another asset that is on its way to the top is SAND, the native token of Sandbox. The metaverse token soared by over 70% in a week following a slew of recent positives. The project announced that popular sportswear brand, Adidas, had reserved a plot on the platform.

Like MANA, SAND lingered outside the top 50 for the greater part of the year but the price surge places it as 34th with a market capitalization of $6.51 billion. The asset trades at $6.66 as transaction volumes over the last day soar to over $5 billion. SAND is currently sandwiched between THETA and DAI, and if the rally continues we could see another metaverse token breaking into the top 30.

Sandbox allows users to create and build digital assets in the form of a game and it achieves this by combining the unique powers of DAOs and NFTs.

Charles Hoskinson Throws Jab At Ethereum, Tells Why Competitors Are Terrified Of Cardano

By

Nick James

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December 1, 2021

Cardano Finally Ousting Ethereum? — Expect The Unexpected As Alonzo Hard Fork Kicks Off

Cardano seems to be making more waves of late, despite a price pullback that saw it drop to the current levels of $1.6 down from the all-time high of over $3. Still, Cardano founder Charles Hoskinson thinks competitors and critics of the Cardano network are worried because ADA is doing great.

According to Charles, the underlying technological trajectory undertaken by his developer team ensures that Cardano doesn’t need to re-invent itself to survive. This argument may be taken as a hit against the Ethereum network that had to propel ETH 2.0 to keep up with the fast-evolving landscape in the blockchain industry.

Future-Proof Design

In a tweet, Charles went on to argue that Cardano’s development model is a future-proof design that gives room for the systemic building.

True to that fact, Cardano’s development has followed a stage-by-stage plan that introduces new features without tampering with the overall foundation of the ecosystem. The founder seems to think that the Cardano community is the strongest and most engaging.

ADA As A Legit Alternative To ETH

Charles Hoskinson was adding to the claims fielded by another ADA aficionado in which the said enthusiast sought to explain why there’s so much FUD about ADA.

According to the fan, it’s because Cardano is the most viable alternative to Ethereum. The Cardano network seems to gain traction despite the FUD – in terms of transaction volume and network activity.

The Case For Cardano – “We Prove Them Wrong”

The enthusiast goes on to set the stage for what looks like a case-by-case tug-of-war between Cardano and Ethereum. First off, Cardano seems to be doing great with NFTs, with more DEXs set to be launched. There’s also the issue of Cardano’s PoS system which many critics had warned would fail. It worked out just fine. It’s worth noting that the development of ETH 2.0 had encountered several hurdles before it was accomplished.

Cardano aims to always prove critics wrong at every turn, not to mention the other pertinent issue of transaction fees. Fees on the Ethereum network have been high of late, making them a very disproportionate comparison to Cardano’s low fees. Cardano network has also been lauded for its very low energy consumption as compared to BTC and ETH.

Worthpad Makes Crowdfunding Easier Through Its IDO Launchpad

By

Guest Author

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December 1, 2021

WorthPad: An investment Platform For Investors and Incubator for Entrepreneurs

Worthpad, a decentralized multichain DeFi platform, recently launched its IDO launchpad to help project owners raise funds for their project.

The Worth IDO Launchpad is a decentralized accelerator and incubation platform created to connect early-stage innovators and projects with $WORTH investors. The IDO launchpad is designed with three parts that help projects and startups during the different stages of their growth. These parts include the Worth Incubator, Worth Accelerator, and Worth Self-launcher.

The Worth incubator is designed to help startups with the early stages of their projects. At this stage, the WorthPad team works closely with new projects providing them with expertise and advice on several processes, including tokenomics, audits, tokenomics, and more. The incubator allows the Worth team to assist the project in creating a minimal viable product (MVP) that can test the market. Note, once the MVP has been finalized, the project can proceed to the next step on the IDO launchpad, the Worth accelerator. Notably, Worth Incubator will distribute the tokens from IDO projects instead of services provided and capital invested to investors who stake $WORTH.

The worth accelerator provides a venue for projects to grow and scale up with additional capital. Through continued support and a working MVP, projects can set essential elements, including production, logistics, customer acquisition, and many others.

Finally, the project then proceeds to the worth self-launcher phase. This stage was designed for a project that sought the monetary support offered by Worthpad. However, to qualify, projects need to adhere to certain conditions, including milestone-based funding, vesting LP tokens contribution to Worth Insurance Treasury, and using Worth Smart Contract Foundry to develop and deploy smart contracts. The project will also have to be voted for approval by the Worth Community to receive the funding.

Worthpad was created to make it easy for users to invest in DeFi and crypto-assets while at the same time providing easy access to the masses. The Worthpad ecosystem comprises six building blocks: Worth DVC Fund, Worth IDO Launchpad, Worth Smart Contract Foundry, Worth Insurance Treasury, and Worth DEX.

By design, the platform has an automated liquidity generation smart contract that allows holders to earn tokens from IDOs launched on the Worthpad platform. These holders earn the tokens by staking $WORTH, the native tokens on the platform. In addition, through its Worth DVC Fund, holders can access various capacities of traditional venture capital within the DeFi space.

In the coming year, the project plans to launch Worth Ethereum (ETH) IDO launchpad, a worth smart contract foundry for BSc, worth Polkadot IDO launchpad, and worth social platform, among many more developments.

WorthPad: An investment Platform For Investors and Incubator for Entrepreneurs

By

PR DESK

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December 1, 2021

Worthpad is a multi-chain platform that aims to create wealth for its investors. The platform seeks to make projects in the blockchain ecosystem easily accessible to the masses. It has a dedicated team that seeks to develop high-quality products while also seeking to raise funds for these products from the general market.

There are six main pillars on the Worthpad platform. These are Worth DVC fund, Worth IDO launch Pad, Worth Insurance Treasury, Worth DEX, and Worth Smart Contract Foundry.

Worth IDO launchpad is a business incubation program that helps entrepreneurs from idea design to the process of bringing the idea to market. The team at Worthpad will work closely with entrepreneurs and offer them advisory services, marketing, and even the development of an MVP that can be taken to the market. Other services that will be offered by the team at the Worthpad platform are personal guidance to the founders of these platforms and networking with other startups on the blockchain ecosystem.

Worth Accelerator will target high-value projects that have already developed a minimum MVP and are seeking for additional funding to take their projects to the next level. In certain instances, projects may want to target the community at Worthpad and launch their own IDOs.

These entrepreneurs can take advantage of the Worth Self launcher. This platform enables projects to launch their own IDOs while targeting the community at Worthpad. Projects have to meet certain stringent regulations so as to be considered eligible. Some of these are: ensuring they are insured, accepting vesting of LP tokens, and also allowing for milestone-based contributions on their funding.

Worthpad is a multichain platform. Some of the blockchain platforms that will work with this platform are Ethereum, Polkadot, Solana, Binance Smart Chain, Cardano, Polygon, Tron, Near, and Avalanche.

The security of the platform and products designed by the platform are of utmost importance. Some of the security partners Worthpad partners with are Certik, Quill Audits, and Tech rate.

A total of 100 Billion $Worth tokens will be released for circulation.

Craig Hammel, Coinbase’s First Engineering Hire Joins Moralis as Senior Technical Advisor

By

PR DESK

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December 1, 2021

Craig Hammel, Coinbase’s First Engineering Hire Joins Moralis as Senior Technical Advisor

Craig Hammel, a senior blockchain developer, has joined Moralis and taken the role of senior technical advisor. Craig Hammel was the first engineering hire at Coinbase and so having him on the Moralis team will be a big boost to investor confidence and the spirit of the team.

The project recently closed a private round where it raised $13 million from EQT Ventures. This fund will be used to scale the product offerings of the company and also increase its HR capacity.

Bringing Craig on board will help position the company favorably as a top contender in creating back-end software for dApps in the blockchain ecosystem. Craig is also expected to use his skills to help enhance the product offerings on Moralis.

Craig had this to say about this move:

“I have always known the critical part Moralis plays in the blockchain ecosystem. Having a team of developers handle your backend operations while you focus on the bigger picture of the project is invaluable. If you are a programmer, this is like a small army at your disposal that enables you to handle the bigger tasks at hand. This is an exciting move and I look forward to working with this new team.”

The current blockchain environment is filled with multiple players and tools across different platforms. While these tools help solve multiple problems that would have otherwise been a hard nut to crack, there is no single entity that has tried to address most of these problems from one platform. That is where Moralis comes in.

Moralis is a software platform that handles all backend operations of a platform, allowing the project managers to work on the front end. This helps companies to build scalable and secure dApps quickly, saving them time and money that would have been spent on looking for, and hiring, programmers. The platform is also ideal for companies that may not have the resources to hire in-house programmers. Moralis is helping build the next generation of dapps that are secure, decentralized, and scalable.

The Desperate ApeWives Official Anthem Debuts In Miami Art Week

By

PR DESK

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December 1, 2021

The Desperate ApeWives Official Anthem Debuts In Miami Art Week

Desperate ApeWives NFT ventures in a groundbreaking collaboration with DJs MR.BLACK and GPROJECT and have stormed the air with the release of the first-ever anthem.

The exciting innovation was followed by plans to host an exclusive show and party featuring superstar DJs in MAPS Backlot Miami to officially debut the anthem on December 1st.

Afterward, the track will be immediately released to more than 30 music stores and channels in 240 territories including YouTube, Spotify, and Apple Music.

MR.BLACK, GPROJECT, And DAW NFT Venture Pioneers DAW Musics

Desperate ApeWives anthem is an exclusive product of the talents and inspirations of two great music artists, MR.BLACK and GPROJECT.

MR.BLACK is a renowned music artist who has grown so popular in the music industry that he receives millions of streams on his music, and has signed with leading record labels, and also has performed at some of the biggest music festivals.

GPROJECT on the other hand is a popular music artist who is consistently making headlines within the electronic music industry.

This development would see an innovative integration of NFTs into the world of music being a reflection of the visions of DAW kinds of music, the pioneering record label that was co-founded by DJs MR.BLACK and GPROJECT, and the Desperate ApeWives NFT venture.

It is the goal of the label to debut, promote and distribute the new and mind-blowing “Desperate ApeWives Anthem”. Hence presenting a piece of music that will enhance relationships with every DAW NFT holder.

The triple collaboration will see the Desperate ApeWives team offering designed and custom ApeWives NFTs for the supporting artists, MR.BLACK and GPROJECT to use as their face and icon within the NFT space, Metaverse, and for various marketing and business activities.

SEC vs. Ripple – Kevin O’Leary Reveals Why He Has No Interest In Investing In XRP

By

Aliyu Pokima

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December 1, 2021

Attorney Breaks Down The Good, Bad, And Ugly Events To Expect From The Ripple vs. SEC Case This Month

Shark Tank star, Kevin O’Leary has said that he has no interest in investing in cryptocurrencies that are tied up in litigation.
He indicated support for stablecoins that are tied to the US dollar over CBDCs.
SEC’s legal drama with Ripple shows no signs of slowing down as investors watch the space with keen eyes.

Kevin O’Leary says he does not want to be a cryptocurrency cowboy in backing the wrong horse. He says the best route is to consult with regulators before taking the plunge.

Not A Crypto Cowboy

Kevin O’Leary in an interview with CNBC’s Capital Connect bared his mind on the lingering legal battle between the Securities and Exchange Commission and Ripple Labs, The Shark Tank star seemed to tilt towards the SEC, saying that betting against the regulator is like walking a thin line.’

“I have zero interest in investing in litigation against the SEC. That is a very bad idea,” said O’Leary. He added that the best route to take was to reason with regulators to identify what is possible and what is not. He added that compliance is “necessary because that’s where the real capital is.”

“I have no interest in being a crypto cowboy and getting anybody unhappy with me because I have so many assets in the real world that I’ve invested in already that I have to be compliant,” said the veteran investor.

The SEC announced that it was instituting legal action against Ripple Labs and two executives for conducting a $1.3 billion unregistered securities offering. Since then, the pendulum has swung both ways with both parties downplaying the possibility of an out-of-court settlement. The suit has had a negative impact on the price of XRP since the start of the year as XRP shows little signs of recapturing its previous all-time high of $3.84.

Stablecoins Are Looking Attractive

In the course of the interview, O’Leary revealed that he eyes CBDCs like the Chinese digital yuan with a great deal of skepticism. The reason for pessimism stems from the fact that he does not know how the issuing country runs its blockchains.

However, stablecoins tied to the dollar are interesting to him, particularly the USDC coin because of the opportunity of earning a 6% return. He revealed that he has invested 5% of his cash in USDC, the second-largest stablecoin with a market capitalization of $38.74 billion. He added that he has to broaden his portfolio to add Solana, Polygon, and HBAR.

“I need to invest in all of those, not just one of them because I don’t know who the winner is going to be,” O’Leary said.

CryptAxx Set to Launch 10,000 NFT Guitars on Ethereum

By

PR DESK

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November 30, 2021

CryptAxx Set to Launch 10,000 NFT Guitars on Ethereum

CryptAxx is set to become the world’s first project offering 10,000 generative NFT guitars on the popular Ethereum blockchain.

With four collectible levels of rarity, over 500 hand-drawn traits, and billions of possible combinations, the provably unique axxes (guitars) are a rare sight to see in the sea of pixelated PFPs (profile pics).

Focusing on a value-packed, members-only type structure, owning a CryptAxx NFT double as an access card to music-focused benefits including an online community radio station, in-person and metaverse concerts and events, collectible ticketing, and musician royalties, metaverse guitars, and more says the CryptAxx team.

Created with the intent of bringing musicians and fans closer to what they love, the team at CryptAxx is dedicated to building a community that can put pressure on the record labels of the past to create an experience that rewards artists and fans alike for participating.

Eddie Johnson, the primary artist, and co-founder for CryptAxx had this to say:

“As a musician and music lover for 20+ years, I’ve always wanted to deliver an experience that allows musicians and fans to connect on a deeper level – without all of the bad feelings and tension that come with the typical deals and tours.

Musicians should be rewarded to create and to perform, not be slaves to the road on endless tours just to make a buck, or pinned down by low-paying streaming deals.

We want to upend the way the music industry looks at delivering value for musicians and fans alike.”

Dates to remember:
Dec 1 – CryptAxx moving to invite-only (Exclusive invite link here)
Dec 18 – Pre-mint begins for whitelisted members (Join Discord to sign up for whitelist)
Jan 1 – Public mint begins

CryptAxx Website – https://cryptaxxnft.com/

Discord Exclusive Invite – https://discord.gg/5jHnbHaquh
Twitter Profile – https://twitter.com/CryptAxx
Opensea Profile – https://opensea.io/collection/cryptaxx

India: Hope For Bitcoin Embrace Heightens As Finance Minister Sitharaman Says Upcoming Crypto Bill Has Been Totally Reworked

By

Arun Kumar Shrivastav

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November 30, 2021

India May Discuss Crypto Bill In Coming Parliament Session

A day after Indian Finance Minister Nirmala Sitharaman informed parliament that the government is not planning to make bitcoin a legal tender, on Tuesday she revealed some more information about the eagerly-awaited crypto bill scheduled to be introduced in the ongoing winter session of parliament.

Replying to a question on Cryptocurrency and Regulation of Official Digital Currency, 2021, Sitharaman said in the Upper House (Rajya Sabha) of parliament that the description of the bill put out a few days ago by the parliament secretariat belonged to the old draft of the bill. The new draft is totally reworked and it will be presented to the cabinet and after its nod to parliament during the winter session currently underway.

The description of the proposed bill had said: “The bill seeks to prohibit all private cryptocurrencies in India. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.”

The news was taken by extreme surprise and despondency by the fledgling crypto industry in India, with many companies planning to exit the country. In the ensuing panic, the market crashed as investors rushed to cash out.

“The bill mentioned is an old bill and the new bill is being worked at and will be presented in front of Cabinet soon,” Sitharaman said in the Rajya Sabha.

However, she did not give away any hints on whether the new draft of the bill will have any concessions for crypto exchanges and traders.

“Yes, last time there was a Bill but subsequently because there were other dimensions…That Bill has been reworked. And in a way, the Bill which is coming now is a new Bill. But, never mind, the work done on that Bill has all been taken on board here,” she explained.

She informed the parliament that crypto trades and transactions are being closely monitored to avoid undesirable activities.

About misleading advertisements and overpromising by exchanges, the Indian finance minister said that her ministry is studying the protocols prescribed by the Advertising Standards Council of India “so that we can take, if necessary, some kind of a position or a decision to see how we are going to handle it”.

Sithraman termed cryptocurrency a risky area and reminded the house that investors have been profusely cautioned about the dangers of investing in crypto mindlessly.

“This is a risky area and not in a complete regulatory framework. No decision was taken on banning its advertisements. Steps are taken to create awareness through RBI and SEBI. The government will soon introduce a Bill,” she said.

Cardano Based-Ravendex to Hold First Internal AMA on 30th November

By

Guest Author

-

November 30, 2021

Cardano Based-Ravendex to Hold First Internal AMA on 30th November

Ravendex is pleased to inform the community regarding its FIRST Internal AMA on 30th November. Ravendex allows non-custodial decentralized asset and liquidity swaps between native Cardano tokens and ADA for the first time on the Cardano Blockchain. With its unique features like distributing shared liquidity across numerous assets on the Cardano ecosystem, it is a cross-chain exchange.

It features four multi-function liquidity pools which are as mentioned below;

Constant-product pool
Stable pool
Multi-asset pool
Dynamic pool

APY rates were initially lower than other lending platforms on various blockchains, such as AAVE on Ethereum. Due to Cardano Blockchains speed and low transaction costs, the utilization of borrowed funds and overall returns to investors were greater and more efficient than other networks.

Decentralized Automated Market Maker System

Soon, the much-anticipated decentralized automated market maker system, RavenDex, will be available for trading. This means an investor can transfer tokens across blockchains without a third party, like an exchange.

RavenDex’s decentralized asset exchange utilizes HTLC technology. The protocol ensures the exchange if everyone agrees. On the other hand, those who do not complete the operation will be refunded.

Internal AMA

There will be a first internal AMA on November 30th, followed by an external AMA on Cardanodaily. A prize pool of $100 BUSD is also announced in order to reward the participants. It is commendable to discover that an AMA will be conducted soon, as Charles Hoskinson recently warned about the dangers of not knowing the team, who is accountable for the project, what their experience is, and how to ensure that the project will be delivered and completed properly.

With unlimited access to $RAVE staking rewards, Ravendex now offers the community a straightforward technique for earning passive income in $RAVE through the staking platform.

Staking For Revenue

As revealed by Ravendex, $RAVE holders may stake their tokens to receive $RAVE rewards via a simple web interface. Ravendex will debut its staking platform sooner than anticipated. Thus, making Ravendex a more lucrative platform for early adopters.

With a Non-Fungible Token Staking Protocol, Ravers may stake their rare digital collectibles and earn reward points. WHEN LAUNCHED, $RAVE token holders may use the staking platform to earn up to 25% more.

Each cycle, the stake is determined by the quantity of $RAVE allocated. Holding $RAVE allows investors to give liquidity to DEX projects and earn a share of the fees. Similar to staking.

About Ravendex

Ravendex is one of the first applications in the Cardano Ecosystem to use the newly announced Alonzo Hard Fork upgrade, which allows smart contracts to deposit assets and receive interest according to pre-defined parameters.

Media Links

Github: https://github.com/Ravendexlabs

Telegram: http://t.me/ravendexlabs

Twitter: https://twitter.com/Ravendexlabs

Contact Channels:

Company Name: Ravendex Labs

Contact Name: Raven

Email: hello@ravendex.io

Location: Dublin, Ireland

Website: https://ravendex.io/