Altcoins Analysis Bitcoin Blockchain

Most Influential Asians in the Blockchain Space

Most Influential Asians in the Blockchain Space

The blockchain and cryptocurrency markets have experienced rapid expansion in recent years. The crypto market has seen an unparalleled rise in users across countries worldwide, from big institutional investors to small retail investors, users seeking huge profits to people looking for safer, less expensive alternatives to bank transactions. Asia has been identified as a center […]

Altcoins Analysis Bitcoin Blockchain

Finjuris Becomes The First Legal Consultancy Firm In The UAE Building In The Metaverse

Finjuris Becomes The First Legal Consultancy Firm In The UAE Building In The Metaverse

Finjuris Counsels, one of the UAE’s legal advisory firms, is launching its global presence in the metaverse. The company is looking to leverage the new technology to better achieve its goal of providing legal assistance to metaverse users. Lately, the United Arab Emirates (UAE) has been seeing massive uptake of the metaverse among individuals and […]

Altcoins

Solana (SOL) Faces Stiff Competition From Another Hot Ethereum Competitor, Says Coin Bureau

A closely followed crypto analyst says that another altcoin is emerging as a major competitor of Solana (SOL) as the leading Ethereum challenger faces technical hurdles.  In a new video, pseudonymous Coin Bureau host Guy tells his two million YouTube subscribers that investors are looking for a Solana alternative after network outages and hacks that […]

The post Solana (SOL) Faces Stiff Competition From Another Hot Ethereum Competitor, Says Coin Bureau appeared first on The Daily Hodl.

Crypto News

All You Need To Know About DeFi’s Next Biggest Trend: DeFi As A Service

Decentralized Finance (DeFi) is an umbrella term for providing decentralized financial services such as payments, lending, borrowing, investments, trading, insurance, and asset management using blockchain. The DeFi revolution’s genesis is placed in the need to reduce the involvement of intermediaries in finance and to do away with the limitations of national borders, bureaucracy, and latencies of the current day financial system. DeFi powers a borderless peer-to-peer digital ecosystem that is open, free, fair, and accessible to all. It is evident that crypto and DeFi are no longer fringe technologies. Inevitably, the DeFi segment is seeing rapid uptake in terms of adoption and has attracted investments from institutional investors and venture capitalists who believe in its vision to promote efficiency, inclusion, transparency, innovation and security. The overall value of crypto assets stored in DeFi, or simply the Total Value Locked (TVL)  quickly went from $1 billion in 2019 to having a TVL of over $200 billion in 2022. DeFi As A Service: Decluttering Crypto Investments and Farming Apart from individuals showing interest in DeFi services, businesses to0 have shown a massive demand to incorporate DeFi into the heart of their operations. However, they frequently run into roadblocks owing to the technology’s complicated development process of building Web 3.0 DApps. DeFi-As-A-Service (DaaS) aims to fill a vacuum in the status quo of DeFi adoption at an industrial level and leverage them for business and personal use. DaaS will enable traditional and blockchain native organizations to access services that are similar to SaaS-like DeFi services securely and compliantly. One of the segments of DaaS is Farming-as-a-Service (FaaS), which permits investors to purchase a token that allows them to participate in yield-generating systems. When investing in projects that are associated with FaaS, investors need not be familiar with very intricate yield farming tactics. This simplifies investments and provides opportunities to beginner investors who are often lost in navigating the space for genuine and valuable projects to be on. DaaS projects like Midas DAO (rebranded as Midas Finance) provide turnkey crypto investment and asset management solutions through FaaS for a lucrative and consistent revenue stream with exponentially high yields. Assets would be managed through experts and specialized funds to configure a revenue stream with high API for users who hold Midas’ native token, $CROWN tokens. Midas also recently added a system of tiered virtual nodes to its protocol which will allow users to earn passive income and gain access to investment opportunities in DeFi projects across multiple blockchains. What Lies Ahead For DaaS Much like traditional hedge funds, DaaS solutions like Midas break down the entry barriers for crypto investments for investors to earn dividend yields on their holdings. New initiatives are continually being developed in the field to enrich the DeFi ecosystem, pump in capital and achieve what DeFi set out to do: Making crypto accessible to the everyday Joe.

Bitcoin Crypto News

Through Azteco, BTC Available At 600K+ New Locations In Nigeria, Canada & The UK

Azteco is making big moves. Their vouchers are now available in 600K new locations in Nigeria, 6K in Canada, and 28K in the U.K. Their system was already one of the most accessible ways to buy bitcoin, and now, in those countries, Azteco is basically everywhere. Better yet, clients don’t need to provide neither bank nor credit card details.  Related Reading | Nigerians Move Almost $40 Million In P2P Bitcoin Trading In A Month “Go to your local store and buy a top up voucher just like the ones you’re used to. Enter your Voucher number to redeem,” buying bitcoin with Azteco is akin to adding credit to your cell phone. “There is nothing to learn or understand; it just WORKS,” the company tweeted. However, if you need a more detailed game plan, here it is: Fill out the form here. Receive an email with a barcode. Go to a Paypoint, or other location as instructed. Show the barcode and pay. Receive your voucher instantly via email. The headline here, though, is the number of locations Azteco recently onboarded. 600K Cash-In Locations In Nigeria Recently, one of the main topics in bitcoin is adoption in the African country. “Nigeria is the number two leading country in Bitcoin adoption, and now, Nigerians have access to Azteco through 600,000 Cash-In locations. We expect an explosion in uptake.” Since the process is identical to acquiring phone credit, people already know how to do everything required.  We expect this uptake because Azteco is the most simple method of buying Bitcoin on the market, identical in process to the top-up's everyone on the African continent is used to with adding air-time to Mobile Phones. There is nothing to learn or understand; it just WORKS. — Azteco (@Azteco_) March 3, 2022 “Nigerians have total freedom to send and receive Bitcoin from anywhere instantly, reliably and privately,” Azteco promises.  BTC price chart for 03/05/2022 on Bittrex | Source: BTC/USD on TradingView.com Azteco Available At 6K Canada Post Locations In the post office, “you can buy Loadhub and use it to get an Azteco Voucher. Now Bitcoin is within arms reach of 98% of all Canadian Citizens.” Pay with cash or bank transfer and rest assured that Azteco doesn’t “store any personal information longer than required to fulfill your order, after which we delete that information.” Here are the very simple instruction for Canada Post’s clerks: There are 6000 Canada Post locations in Canada. And at each one, you can buy Loadhub and use it to get an Azteco Voucher. Now Bitcoin is within arms reach of 98% of all Canadian Citizens.🍁 https://t.co/kFIv8dudVw pic.twitter.com/BZtc0hFWXX — Azteco (@Azteco_) March 3, 2022 Here’s a map with all of the Canada Post’s locations: At every Canada Post outlet in Canada you can buy an Azteco Voucher right now. Get a Bar Code from https://t.co/kFIv8dudVw take it to your local post office and the instant you pay, your voucher will arrive in your recipient's email. It's simple, safe, fast, secure and private.🍁 pic.twitter.com/DNlhqmSFfe — Azteco (@Azteco_) March 4, 2022 Azteco At 28K Extra Locations In The U.K. The vouchers are already available at a very popular chain store, but this is bigger. “Azteco is now available at 28,000 locations across the UK through PayPoint. Now everyone in the UK has easy, instant access to Bitcoin.”  The process is extraordinarily simple. Select the amount of Bitcoin you want to buy, and have your barcode emailed to any email address. Show your barcode at any Paypoint location and pay. The instant you've paid, your Azteco Voucher is emailed to the address you specified. pic.twitter.com/q8lajO7vWc — Azteco (@Azteco_) March 1, 2022 Conclusions And Solutions In today’s world, governments proved that they would go after the finances of entire populations just for the fact that they disagree with their politics. A solution like Azteco is welcomed with open arms. It’s not exactly KYC-free, but close enough. Related Reading | Startup Providing Convenient Bitcoin On-Ramp Lands Google Talent “Azteco doesn’t have user accounts, just like Pay as You Go SIM Cards. It’s “disposable Bitcoin” for small amounts,” the company states. And Nigerians, Canadians, and U.K. residents now have availability in physical locations that they usually go to. They can pay their electric bill, re-fund their phone, and get some bitcoin without breaking a sweat.  Will this affect the market at all? It’s not likely. Retail buyers are just a small percentage, and, as stated, Azteco is for small amounts. Will this benefit everyday bitcoin users in those countries? Absolutely. Featured Image by Blake Wisz on Unsplash | Charts by TradingView

Crypto News

Crypto in Wartime: Interview with Ben Caselin, Head of Research & Strategy at AAX

We recently caught up with Ben Caselin — Head of Research & Strategy at AAX to talk about Bitcoin and the crypto market in general amid the escalation of the ongoing Russo-Ukrainian war. In a short interview, we asked him a few questions, and this is what he had to say. Q: Ben, we know you are associated with AAX. Before we dive into the current global situation and Bitcoin’s role, can you please provide some information about your company? Ben: Yes, you are right. I am the Head of Research & Strategy at AAX. AAX is one of the leading cryptocurrency exchange platforms in the world. It holds the distinction of being the first one to be powered by London Stock Exchange Group’s LSEG Technology.  On AAX, users can indulge in Spot and Futures trading of popular crypto assets, open interest-earning crypto savings accounts and access DeFi products. We also have a AAX Launchpad, where we help new, promising projects raise capital through token sales. At present, we support more than 100 crypto-to-crypto spot trading pairs while offering high leverage on BTC and ETH futures products. Q: Can you tell us a bit more about yourself? Ben: I have a background in creative arts, social research and fintech. As head of research and strategy, I am deeply involved in developing insights into Bitcoin and DeFi while providing strategic direction for the growth and expansion of AAX. In addition to AAX, I am also a working member of the Global Digital Finance (GDF) which is a leading industry body dedicated to accelerating the growth and adoption of digital finance. Q: Thanks Ben. So, as you know, the world is currently facing an uncertain situation as the conflict between the Russian Federation and Ukraine rages on. As all markets stare at uncertainties, how do you think Bitcoin will fare? Ben: It is a worrying development indeed. However, the one positive thing to come out of this entire situation is a clear picture of Bitcoin’s position in the global financial ecosystem as a safe-haven asset. In my opinion, the value of Bitcoin will continue to showcase such resilience throughout the conflict, along with other prominent crypto assets. Q: Can you please elaborate on Bitcoin’s role as a safe-haven asset in the present scenario? Ben: If there is any doubt left around Bitcoin’s status as a safe-haven asset, the past few days should remind us that in the face of war, currency devaluation, or significant disruption to legacy infrastructure, Bitcoin is the safe-haven asset of choice. With the Russian Ruble losing more than 30% of its value overnight, following sanctions imposed over the weekend, we’ve seen a significant surge in trade volume on BTC/RUB markets. This is not speculation – these are bitcoin purchases by everyday people as well as large allocations intended for the purpose of wealth preservation. Demand is also coming from Ukraine. Donations in Bitcoin, Ethereum, and now Polkadot are directly made to the Ukrainian government in what is a global show of support. Stories also tell of refugees using crypto to store their wealth and carry their funds across borders. These developments once again highlight that Bitcoin is more than just an investable asset for portfolio allocation and returns. The narrative of crypto as a lifeline in times of economic distress and geopolitical turmoil is becoming apparent as the fundamental driver of adoption. Q: But, what about the volatility associated with Bitcoin and other cryptocurrencies? Ben: While volatility is still integral to the market, we can expect a continued uptake of Bitcoin and with it some of the larger protocol assets. But while crypto markets usually rise in unison, if fundamentals take precedence over hype, we should see more decoupling between various crypto markets – especially as the situation gets even more serious and the stakes are raised. Crypto and politics have become increasingly intertwined, with Bitcoin dominating as a currency of the people. It should be assessed alongside other open networks and digital environments where a global community of citizens is able to connect, mobilize resources, and garner support. Q: What are your thoughts on the impact of the current situation on Bitcoin and crypto trading? Ben: Escalation in the ongoing conflict can trigger volatility both to the upside and downside. This is no time for excessive trading, especially with leverage. War and turmoil may be driving prices up and we could see Bitcoin charting new highs this year, but there is nothing to be bullish about. Ultimately Bitcoin’s uptake is as much a result of constructive adoption, as it is an expression of global distress, dismay, and discontent with the current state of world affairs.     Photo by Egor Myznik on Unsplash