GildCoin - Crypto News

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2022-09-25 20:00:05 ​Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin

The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to this. Njoroge argued that cryptocurrencies like bitcoin are not only volatile, but are hardly solving any problem.

The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has described the idea of putting the country’s reserves into bitcoin as “craziness.” Njoroge, who was addressing recently elected members of Kenya’s legislature, added that if it occurred that he agrees to convert Kenya’s reserves to bitcoin, he should be jailed and the keys to his prison cell must be thrown away.

Under Njoroge’s stewardship, the CBK has issued statements and advisories warning Kenyan residents against trading or investing in cryptocurrencies. For instance, Bitcoin News reported in June 2022 that Njoroge, together with the Central Bank of Nigeria (CBN) deputy governor Kingsley Obiora, had cited cryptocurrencies’ volatility as one of the reasons why they cannot become a widely used payment method.

Yet, despite Njoroge and the CBK’s opposition, several studies have suggested that Kenyan residents’ use of, or investment in, cryptocurrencies is growing. For example, the peer-to-peer crypto exchange Paxful recently revealed that its users from the country had digital assets valued at $125 million during the first half of 2022.

However, in a video recently uploaded to Youtube, Njoroge still questions the benefits of cryptocurrencies for the Kenyan economy. He said:

In our economy what problem are they resolving? Are they better vehicles for let’s say payments, transactions? And the answer is no. Are they better in terms of …. security more than a bank account? And the answer is no.

Further, in his attempts to dissuade lawmakers from entertaining individuals hyping bitcoin and other cryptocurrencies, Njoroge claimed that he too is also being pressured.

“I do know you are under a lot of pressure from some of these people that are pushing these things. Because for them it is good. I can assure you I have a lot of people that are pushing to put our reserves in bitcoin.”

Njoroge however suggested that he would have to be out of his mind before he agrees to this call to convert reserves to bitcoin. Open / Comment

2022-09-24 16:00:05 ​ You've never seen stability so stable!

Allbridge, the multichain hub, is expanding its stablecoin options on the Waves blockchain, while an instant exchange service Swop.fi is opening multi-pools for investing!

Each multipool consists of differently flavored USDT or USDC stablecoins: Allbridge-wrapped tokens from Ethereum, Polygon, Binance Smart Chain and a traditional Waves-based coins. 4x stability for your investments!

For early liquidity providers, Swop.fi is offering an exclusive reward in USDT from September 26 to October 15: ~100% APR at target TVL, in addition to commission income. On top of that, multi-pools will begin farming SWOP governance tokens starting October 3.

See article for details on multi-pool mechanics.

Choose your multi-pool or add liquidity to both! Open / Comment

2022-09-22 20:00:05 ​Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round

Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round.

Yellow Card, an Africa-focused cryptocurrency exchange, recently disclosed it had closed its $40 million Series B funding round. The crypto exchange said it will use the funds raised to finance the development of new products as well as to “advance strategic partnerships across Africa.”

According to a press statement, the exchange platform’s latest funding round was led by Polychain Capital with the participation of Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, and Pat Duffy.

As reported by Bitcoin news in September last year, Yellow Card had raised $15 million in its Series A funding round. This round was led by Valar Ventures with the participation of Third Prime, Castle Island Ventures, Square, Coinbase Ventures, and Blockchain Ventures.

Meanwhile, in remarks accompanying the statement, Chris Maurice, the chief executive officer and co-founder of Yellow Card, said:

For the past three years, our team has worked tirelessly to make this technology accessible to anyone and create a world-class product. This fundraise in this market not only showcases the resilience of our team but also reiterates the appetite and necessity for cryptocurrency in Africa.

For his part, Will Wolf, a partner at Polychain Capital, praised the Yellow Card team for the way it adjusts and adapts “to the unique opportunities and demands of the various African markets.”

According to the crypto exchange platform, since the last capital raise Yellow Card launched operations in four more African countries: Gabon, Senegal, Rwanda, and the Democratic Republic of the Congo. This brings the number of African countries where Yellow Card has operations to 16. Open / Comment

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2022-09-19 20:00:06 ​Study: Samsung Named Most Active Investor in Crypto and Blockchain Startups

Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies thus making the South Korean corporation the most active among the top 40 corporations. Google’s parent Alphabet firm, on the other hand, tops the category of top corporations that participated in the biggest funding rounds.

According to the research firm Blockdata’s analysis of investments in blockchain and crypto startups by top corporations between September 2021 and mid-June 2022, the South Korean electronics giant Samsung was the most active having invested in 13 companies. United Overseas Bank, which invested in 7 companies is the next most active and is closely followed by two American financial services giants Citigroup (6) and Goldman Sachs (5).

As shown by the analysis, the number of crypto or blockchain startups funded by Samsung, United Overseas Bank, Citigroup and Goldman Sachs in the period under review is nearly half (31) of the total number of startups (65) that raised capital from the 40 top corporations.

While the data on the exact amount invested by each corporation is unavailable, Blockdata’s analysis still gives an estimate of the amount that was invested by all the corporations.

“The 40 companies invested approximately $6 billion into blockchain startups between September 2021 and June 2022. Because some rounds involve participation from multiple investors, it is unclear how much each company invested in a project,” reads Blockdata’s research report.

Meanwhile, concerning corporations that were active in the biggest funding rounds, Alphabet, the parent company of Google, tops this category after it participated in rounds that raised just under $1.51 billion. Blackrock is in second place having participated in three funding rounds in which $1.17 billion was raised.

The American financial services giant Morgan Stanley occupies the third spot having participated in two rounds which garnered $1.1 billion while Samsung is in fourth place with $979 million.

Concerning the use cases that top corporations are interested in, Blockdata determined that 19 of the companies receiving funding were in “some form of non-fungible tokens (NFT) solutions and services.” Twelve are marketplaces while eleven are in the business of providing gaming services.

Explaining the different investment approaches by the top corporations, the research firm said:

Samsung is placing bets across the blockchain ecosystem investing in companies focused on 15 different use cases, such as blockchain services, development platforms, NFT, and social networks. On the other hand, Alphabet and Blackrock are showcasing a completely different strategy by making concentrated bets on a smaller set of companies. Open / Comment

2022-09-16 20:00:08 ​Spanish Soccer First Division Laliga to Be Featured in Decentraland’s Metaverse

Laliga, the Spanish soccer first division organization, has established a strategic partnership with Stadioplus and Vegas City Limited, two metaverse-related companies, to digitize part of its activities to offer new experiences in Decentraland, an Ethereum-based metaverse. With this move, Laliga aims to bring new fans from all over the world to new experiences in virtual worlds.

After the Covid-19 pandemic, many sports organizations and leagues around the world have started to pay more attention to their digital strategies as a way of opening new revenue streams. Laliga, the Spanish first division soccer organization, and one of the most renowned leagues in Europe, has recently announced its entrance into the metaverse.

The company established a strategic partnership that will allow it to feature activities and experiences in Decentraland, one of the first Ethereum-based metaverse platforms. For this task, the company will leverage the aid of Stadioplus, a group dedicated to linking the world of sports with Web3 and the metaverse, and also Vegas City Limited, another company that specializes in creating experiences for metaverse and virtual worlds.

With this move, Laliga hopes to reach new and younger audiences that are more linked to these worlds through virtual experiences. The new experiences will be offered in a set of parcels in Vegas City, a region of Decentraland that houses sports, gaming, and entertainment based experiences.

About the partnership, Stephen Ibbotson, head of franchises and licensing at Laliga, stated:

For LaLiga it is essential to continue innovating in the ways of offering the best of the competition to our fans, both on and off the pitch. This license agreement will allow us to reach a new and relevant audience, such as Decentraland.

On the importance of the integration of sports into the metaverse, Agus Ferreira, CEO of the Decentraland Foundation, stated:

We believe that esports is an amazing opportunity to show the possibilities of web3 and decentralization. That is why we are delighted to work with Stadioplus on the inclusion of Laliga in Decentraland, to bring the competition, which has hundreds of millions of fans around the world, to the metaverse.

Other Spanish teams have also presented different metaverse initiatives. FC Barcelona, one of the biggest teams in the league, launched Barca Studios, an entertainment-based division to centralize the development of its metaverse activities in March. Socios, a fan token company that had already partnered with the club before to launch of its fan token, invested $100 million in Barca Studios in August.

Also, FC Real Madrid, another team part of Laliga, filed a series of trademark applications to protect their IP for activities in the metaverse. Open / Comment

2022-09-13 21:00:03 ​Team Behind Ethereum’s PoW Fork Aims to Launch Network 24 Hours After The Merge

While The Merge is expected to take place in less than two days, the Ethereum proof-of-work (PoW) fork is scheduled to go live 24 hours after the transition, according to ETHW developers. On August 8, 2022, ETHW exchanged hands for $141 per unit and today the crypto asset is down 73% lower in USD value.

After Ethereum’s Merge takes place and the blockchain transitions to proof-of-stake (PoS), a new forked token will be born called Ethereumpow (ETHW). On September 12, 2022, ETHW core developers announced “ETHW mainnet will happen within 24 hours after The Merge.” The core developer’s blog post notes the “exact time will be announced 1 hour before launch with a countdown timer and everything including final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the time’s up.”

The ETHW team has published open letters to the ETHW community and a blog post published on August 29 summarizes some of the project’s intentions. The ETHW core team explains that the group is a bunch of “geeks and crypto investors from all over the world” and they are choosing to remain anonymous. The post further details the rationale behind the ETHW team’s efforts, and the developers highlight that blockchain regulation is “ever increasing” and “Web3 narratives are under serious strain.”

The ETHW core developers further state:

PoS is indeed a game changer, but only in bad ways. Nevertheless, PoW has a 12-year track record of being reliable, robust, and censorship-resistant. It is only prudent to continue a PoW Ethereum, which should be a no-brainer for those who champion openness and the free market as there is no downside.

The birth of a new ethereum-styled fork means everyone who owns ethereum (ETH) will be able to obtain ETHW in some fashion. Some users will get ETHW from crypto exchanges if the crypto company codifies the existence of the new token. People holding ETH in a non-custodial wallet will be able to split their coins as they did with ethereum classic (ETC). At the time of writing, ETHW IOU market data indicates the crypto asset is trading for $36.01 per unit. ETHW is down 73% lower than the all-time high (ATH) printed on August 8.

In another community letter, ETHW core devs reveal that they are not willing to freeze ETHW liquidity pools. “[ETHW core developers] rejected the proposal to merge the contract freezing code into the main codebase and insisted that no contract pool on the ETHW would be restricted in any way,” the letter clarifies. Open / Comment

2022-09-13 20:00:06 ​ PLUTO, the new reserve currency protocol on Waves, is getting more diverse!

Now you can issue PLUTO tokens by providing WAVES for the protocol’s treasury. The treasury is what makes Pluto resistant to bear markets (FYI, it is happening right now).

In a nutshell, PLUTO’s price can’t go too low for too long but always goes up long-term. From the introduction of minting for WAVES, the price has already went up 40%!

Once you get PLUTO, consider staking without any lock-up or taking part in onboarding with APY up to 678%!

So here’s how you can get your hands on PLUTO in exchange for some WAVES

1. Connect your wallet at http://pluto.gold
2. Go to "Issue PLUTO"
3. Select $WAVES as an LP token for issuing PLUTO
4. Set the amount, press "Issue" and sign
5. Note that there is an 11-day lock-up period for the issued tokens Open / Comment

2022-09-13 18:00:11 ​ Welcome To The Future Of Web3 - Copium Protocol is a cutting-edge cryptocurrency mining investment ecosystem built on the Ethereum blockchain

Copium Protocol is a real-world, large-scale crypto mining firm situated in Otago, New Zealand
Powered By Hydroelectricity, They Are Sustainable & Eco Friendly
Their project has a robust team of industry specialists with an established track record and a lot of expertise behind it, with over 10 years of experience in the Blockchain / Cryptocurrency sectors

Copium Protocol's four key launch products will let investors invest in an eco-friendly mining platform, receive rewards through staking, invest in their native ERC-20 token, and obtain access to further benefits through their Investor Pass NFT collection.

Their 10K Investor Pass collection will also be available through a Dutch auction sale for 3.5 ETH in early mid-October.

The first 2,000 users who register early interest via the premint link on the Copium Protocol website will be guaranteed a mint spot at a reduced fixed price of 3 ETH. So Don't Miss Out!

Key Benefits Of The Investor Pass:
Each holder will receive an exclusive airdrop of their ERC-20 Copium Coin.
Holders can use their Investor Pass to earn a daily allocation of Copium Coins by staking it.
Through the staking platform, Investor Pass holders will have unique access to greater levels of ROI.
Passholders are automatically entered into monthly drawings for more Copium Coin.

EACH INVESTOR PASS MINTED WILL ALSO GO INTO THE DRAW TO WIN 1 OF 2 BITCOIN GIVEAWAYS!

Yes!- Their mining investment ecosystem is designed to be simple to use and risk-free for all levels of investors.

Don't Pass Up This Opportunity- Passively earn free crypto by simply holding an NFT and staking it on their platform.

Join presale NOW Open / Comment