Tag Archives: crypto

Finance

Bitcoin Reaches $100,000 usd Milestone- What’s Next?

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Laser eyes on the future: Bitcoin $100,000 USD/ $142,400 CAD

One hundred thousand United States Dollars. It’s a nice round number. The first to be six figures. And seeing it follow the word “Bitcoin” is a historical moment worth celebrating.

The importance of BTC $100,000 usd is largely symbolic. It’s small compared to the up-to-infinite price levels that succeed it. While $100,000 usd is a significant milestone worth pausing to recognize, it is also merely a checkpoint on Bitcoin’s much longer, much larger journey ahead.

Let’s take a moment to remember the early moments of this journey. The year Kraken was founded (2011), Bitcoin’s Dec. 31 closing price was $4.25. From that level, the value of just one of the 21 million bitcoins that will ever exist is now up over 2.3 million percent at BTC $100,000 usd.

BTC $100,000 usd has long been viewed as the next/seemingly “final” frontier for Bitcoin’s price. Laser eyes and dank memes, as well as innovative products and user experiences, have accelerated us to this point.

Through years of speculation around “the world to be when Bitcoin reaches $100,000 usd,” a common sentiment held that the $100,000 usd price level would somehow confer the legitimacy of “a peer-to-peer electronic cash system.” It would show the value of a tamper-resistant and immutable way of recording information. It would prove that decentralization had a place in modern society. 

But, now that we are here, those goals may seem as if they still have more to deliver. It feels like this is still only the beginning. We’ve reached a pricing milestone, but when it comes to fulfilling Satoshi’s original vision for Bitcoin – its widespread use as a borderless, worldwide peer-to-peer electronic cash system – Bitcoin is still in its relative infancy.

Over the short term, it’s anyone’s guess whether the price of Bitcoin will continue its sprint higher or pull back from its recent run. What is clear is that the $100,000 usd milestone demonstrates ongoing demand for a reliable, transparent and peer-to-peer way to transact.

BTC $100,000 usd represents a monumental milestone in Kraken’s mission to accelerate the adoption of cryptocurrency, so that everyone can achieve financial freedom and inclusion. We’d like to congratulate those who have built in the space alongside us and played a role in realizing this achievement. 

We’d also like to congratulate our clients as they celebrate this watershed moment, while making a commitment to serve them through the next chapters of Bitcoin’s history.

Join us as we reflect on the journey that got us here and commemorate this remarkable day – while we reaffirm our commitment to a future of financial freedom.

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These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy.

Sci-Tech

Chainwire Is Innovative Crypto And Blockchain News Service

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MediaFuse.org, a leading PR platform, is excited to announce its revolutionary solution for brands and agencies seeking to effectively broadcast their announcements. With an extensive network of leading websites in various industries, MediaFuse.org delivers a comprehensive distribution system including Chainwire that maximizes exposure, enhances branding, and drives significant traction for companies.

Led by Nadav Dakner, an esteemed veteran online marketer with 15 years of industry experience, MediaFuse.org has positioned itself as a game-changer in the PR industry. The platform enables brands to reach their target audience by distributing their news announcements to renowned websites in their niche.

“MediaFuse.org is set to disrupt the PR industry by providing innovative solutions that empower brands and agencies to stand out,” said Nadav Dakner, CEO of MediaFuse.org. “Our platform offers unmatched access to a vast network of influential websites, ensuring that our clients gain the exposure they deserve.”

MediaFuse.org boasts a wide range of advantages over traditional newswire services such as PR News Wire and BusinessWire. With its unique approach, MediaFuse.org aims to revolutionize the PR landscape and address the shortcomings of existing platforms. By providing companies with direct access to their target audience through leading websites, MediaFuse.org helps them achieve their marketing goals more effectively.

In a recent interview, Nadav Dakner articulated his motivation behind creating MediaFuse.org. “After years of being an agency owner and dealing with the limitations of traditional newswire tools, I recognized the need for an innovative PR platform that truly empowers businesses,” he explained. “With MediaFuse.org, we aim to redefine the way companies distribute their news, enhancing their presence in their respective industries.”

Nadav Dakner

MediaFuse.org offers a range of services, including press release distribution, media monitoring, and analytics. Brands and agencies can leverage these services to create a tailored PR strategy and effectively engage their target audience. In addition, MediaFuse.org provides company profile pieces and interviews, contributing to its clients’ brand recognition and thought leadership positioning.

For further information on MediaFuse.org and its services, please visit https://mediafuse.org/.

More On Chainwire

Designed for cryptocurrency projects, blockchain companies, exchanges, investment firms, and PR agencies, Chainwire allows press releases to be published simultaneously across hyper-targeted media outlets.

Developed by an experienced team with long-established media connections, Chainwire gives you a direct line to your target market. Having operated on the frontlines of the crypto newswire business for years, we’ve forged links with every major publisher in the business. 

How Chainwire Works

Once you submit your press release on your Chainwire app, our editorial team goes over your content and provides you with their insights. After working in the crypto & blockchain PR field for many years, we know how to help you make your PR more powerful, relevant and concise. Full integration with hyper-targeted crypto & blockchain media outlets broadcasts your message far and wide, and enables you to analyze the results in near real-time. 

Why Chainwire Is Different

With Chainwire, you can focus on building your business while we circulate the news of your success. Our intuitive dashboard gives you all the tools you need to submit, monitor, and refine your news announcement campaigns. Automated distribution saves you time and effort, with Chainwire’s service putting your stories on the front page of all the media sites that matter. For the Silo, Kat Fleischman.

Finance

Crypto and E-wallets are Future of Gaming Payments

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The gaming industry is undergoing a significant shift. The payments ecosystem is evolving towards a new era of cryptocurrencies and e-wallets and away from conventional online banking accounts. According to our friends at LotteryCritic.com, the impact of this changing payments ecosystem is multifaceted, affecting everything from the speed of transactions to how funds are stored and managed. Freddie Smith, CEO of LotteryCritic, commented:

Integrating crypto and e-wallet payments into the gaming industry is particularly advantageous because it eliminates the need for third-party payment processors. This means that users don’t have to go through traditional banking channels, which can be slow and unreliable. Moreover, crypto and e-wallet payments are more secure than traditional systems since they use sophisticated encryption algorithms.  

Advantages and Opportunities of Cryptocurrency and E-wallets in the Gaming Industry

Cryptocurrency has widespread recognition as a form of payment, and the gaming industry is no exception. Many online gaming platforms now accept cryptos. Therefore, players can use them to buy in-game items or to place bets. The use of cryptos in the gaming industry offers several benefits. They include lower transaction fees, fast and secure transactions, and anonymity for players. E-wallets have also become increasingly popular in the gaming industry. Players use them to store funds and make transactions within the gaming platform. E-wallets offer several advantages, such as ease of use, fast dealings, and storing multiple currencies in one account. With the integration of e-wallets and cryptos, players can make quick and secure transactions.

The adoption of cryptos and e-wallets in the gaming industry has also opened up new revenue streams for gaming companies. For example, some gaming companies now offer in-game purchases using cryptocurrencies. Thus, allowing players to buy items using their digital assets. This has created a new market for gaming companies and has provided an opportunity for them to increase their revenue.

Challenges in the Adoption of Cryptocurrency and E-wallets in the Gaming Industry

The gaming industry has seen a rise in adopting crypto and e-wallets as payment. While these payment methods offer several benefits, adopting cryptos and e-wallets has challenges. One of the significant challenges is the volatility of crypto prices. Crypto prices can fluctuate rapidly and unpredictably. Thus, it can affect the value of in-game purchases made using cryptocurrencies.

The unpredictability can create confusion for both gaming companies and players. Besides, there is also a need for more regulation in the cryptocurrency market. The lack of rules makes it difficult for gaming firms to operate within a legal framework.

Moreover, the lack of regulation also exposes players to security risks, such as hacking and theft. Integrating cryptocurrencies and e-wallets into the gaming industry can also present technical challenges. Investors must ensure systems and processes used for transactions are secure and user-friendly. This requires significant investment in technology and infrastructure. The cost implications can hinder small and medium-sized gaming firms from investing.  For the Silo, Elizabeth Kerr.

Pi- the only crypto you can mine from your smartphone.

Finance

NFTs meteoric rise in 2022

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2021 was the year of the NFT. We saw amazing levels of interest in NFTs arise as people began to recognize their usefulness as digital assets. Thanks to the rush of development and interest from this year, we can expect interest and adoption levels in 2022 to easily meet or even eclipse those that we have seen in 2021. 

2021 has really laid the groundwork for development in the Crypto industry as a whole and nowhere is this more apparent than with NFTs. Now that these digital assets have become recognized and appreciated as tangible assets; we can expect adoption rates to rise across the industry. Furthermore, developments across the industry will come into their own in 2022. Blocto, the digital wallet and Crypto provider, for instance, will continue to update its services including in the NFT field in the new year.

Mark Cuban Will Continue Paying His Employees Amid Coronavirus-Induced Economic Downturn
Mark Cuban. Image: Forbes

Mark Cuban, Dallas Mavericks owner and famous Shark Tank investor, sees the dual benefits of NFT development as well as the services that Blocto offers and has invested heavily in both Blocto and in the creation of NBA TopShots, which offers NFTs in the form of clips of NBA games that give person a literal piece of the game to own. 

CEO of Blocto, Hsuan Lee, sees the coming year as potentially one of the most important years in history for Crypto, especially when it comes to NFTs. AS NFTs grow in 2022, it is clear that their impact on the financial industry and their value as digital assets will surge as well. 

Finance

formula 1: $100 Million Cryptocurrency Sponsorship

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Cryptocurrency partnerships and sponsorships entered the world of sports back in 2014. Teams can expand their advertising budget with cryptocurrency platforms to get more popularity for the brand. In 2014, the first crypto-backed campaign – ESPN events made a contract with Bit Pay (Bitcoin payment processor) worth $350 000 in a year. In addition, arsenal made 3-year sponsorship with Sportsbet.oi with the value of £1.5m per season. 

Teams like to explore other non-standard partnerships. The most common ones are coming from the igaming and casino industries (an example of one – Canadian online casino real money Betsafe). But, on the other hand, they occasionally steer away into new waters, and cryptocurrency sets a new precedent here. Of course, there’s a lot to go by in the igaming and casino industry, but crypto-investing space can also offer substantial funding, as you’ll now see. 

Cryptocurrency 

Improves Fan User Experience 

Cryptocurrency benefits sports teams with new and improved marketing activities. Fans are in the first place, while tickets, streams, and merchandise make money. Secure and transparent marketing activities provide excellent customer service for sports fans. In addition, fan engagement tokens are on the rise. A fan token is a kind of membership card. They can vote on essential questions in the club. If you would like to choose a kit design, charity initiative, or similar stuff, purchase a token of your favourite club.  
 
Above all, cryptocurrency provides users with low-cost money transfers, transparency, and easy 24/7 accessible platforms that make it easy to purchase wherever users want to.  

Formula One – $100 Million Worth Crypto Deal 

Formula One made a 5-year contract with Crypto.com. $100 million sponsorship will provide F1 with great marketing tools. In addition to that, Crypto is getting trackside places on every race. Presence at every race will remind of their global partnership deal. Crypto.com is one of the fastest-growing crypto platforms at the moment. They have more than 10 million users. Sponsorship between Crypto and Formula One will grow awareness on the global stage. Crypto.com has leading applications on App Store and Google Play. Also, their Crypto Visa card is one of the most popular cards for using cryptocurrencies. This card is available in more than 30 countries. Formula One is one of the most followed sports, and they are always in search of new ways to make their fans more engaged.

2021 British Grand Prix Qualifying report and highlights: Hamilton digs deep to beat Verstappen in qualifying and seal top grid slot for F1 Sprint | Formula 1®
2021 British Grand Prix sponsor Crypto

Formula One got a new audience with engagement with Crypto. Crypto is trying to make cryptocurrencies more available and understandable for fans to use. Following that, Crypto announced a brand new award that fans would see on the Belgian Grand Prix. 

Crypto and F1 – Environmentally Sensitive 

Formula One announced that by the year 2030, Formula One racing would become a Net Zero Carbon sport. Likewise, Crypto announced that it would become carbon negative within the next 18 months in the spirit of the new partnership. A clean crypto business will be a great example to lead for all other companies in the industry. To have carbon-neutral or carbon-free vehicles and the crypto industry would be a great example from these two big names in the sports and business industry. Sponsorship looks promising, and great things might be ahead. 

Formula One as a sport wants to be more fan engaged and follow new technologies. Here is what CEO said: “We are pleased to welcome Crypto.com to the Formula 1 family as we continue to attract progressive global brands anchored in performance and innovation.”  For the Silo, Ika.

Finance

Bitcoin Can Now be Purchased Through PayPal but is it Ready for the Average Internet User?

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After many years of toying with the notion of moving into the cryptocurrency market, 2020 finally saw PayPal admit to its ongoing interest, and embrace Bitcoin (and others) within its existing online payment services

gold-colored Bitcoin

The news has, within the crypto circles, been long anticipated. Following a disastrous attempt at collaborating with tech giants like Facebook and Mastercard on the Libra Project a while back, it looked as though PayPal may have gone shy on the idea altogether. That, coupled with the fact that interest in bitcoin and other cryptocurrencies among the ‘general digital public’ failed to take off in the way that was once predicted, made it seem as though a mainstream uptake of virtual currencies was nothing more than a pipe dream.


Of course, all that has now changed, and the company has finally enabled all users to buy, sell and store cryptocurrencies within its platform.
But, will this bring the average internet user to crypto for once and for all, or will the alternative currency remain relatively niche online, in spite of efforts to make it more accessible? Read more below.

Online Payment Services Are Adapting to User Requirements Better than Ever Before


In its heyday, PayPal was the go-to online payment service for anyone looking to make their digital dealings safer, more convenient, and more efficient. Rather than storing their personal details with multiple sites and companies, users could provide them once and once only, and allow PayPal to handle the security side of things.


The only issue was that PayPal was famed for its high transaction fees – both for merchants, and customers.


Now, the realm of online payment services has evolved to ensure that companies have fine-tuned their process for a relevant service – and that, in the process, transaction fees are kept competitive. In the realm of the online entertainment industry, digital casinos now offer Idebit deposit options for Canadian players over 18, for instance; in the US, vastly popular apps like Cash App and Venmo enable instant peer-to-peer payments with minimal processing fees.


There are two consequences to this evolution within the online payment services industry. For one, digital payment services are growing more attuned to the needs, concerns and demands of their users than ever before. They have to, if they are going to compete with the years in which PayPal has stood as the paradigm for payment security. This means that, for the average internet user, crypto will remain largely obsolete; they can feel safe in the payments they make online, and do not need to explore other avenues.


Secondly, it means that PayPal is facing significant competition on all sides, and that more and more users run the risk of abandoning the service altogether in favour of something cheaper, more convenient and easier to use.

Does the Average User Even Need Crypto?

PayPal is infamous for keeping the details of its new projects close to its chest, which means that we cannot be sure exactly what their motivations behind embracing crypto really are. Some already believe that it is ensuring a revolutionary stimulus for Bitcoin. It may simply be another move intended to ensure that they keep up with digital trends, rather than a fully-fledged commitment to the future of online payments.
In reality, many using the internet today have no need of crypto. Sure, it is safer and more private – something we all need to prioritize – but so are the services currently working to unseat PayPal at what it does best: simplicity.


Bitcoin is not simple – in fact, it is far from it. PayPal’s move toward the realm of virtual currencies does not make the technology itself any simple or more accessible to those who hold only limited knowledge about it, and only by targeting these user groups does it look likely that they will begin to embrace this alternative currency. For the Silo, Mildred Austria.