Day: January 26, 2021

BITCOIN TO $50k & ETHEREUM TO $5K!! – (PUMP INCOMING?)

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Enjin enters the fashion world with augmented reality NFTs

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Enjin and MetaverseMe are partnering to bring virtual fashion items to the Ethereum blockchain, creating a line of tradable non-fungible tokens representing clothing for Metaverse avatars. Enjin will be providing the infrastructure framework to host the NFTs, which can then be visualized in MetaverseMe, an augmented reality platform that lets users create customized avatars and see them interact with their real-world environment. Avatars can be dressed in a variety of fashion items, which are provably owned by the user through the Ethereum blockchain. A showcase of the main features of…

New Hawaii bill seeks to create state-led blockchain working group

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A new partisan bill introduced by Democrats in Hawaii’s House of Representatives on Monday, Jan. 26, is advocating a targeted strategy for studying and supporting the use of blockchain technology by individuals, firms and state agencies. Hawaii House Bill 622 (HB622) calls for the passage of an act that would require the state’s economic development agency, the Hawaii technology development corporation, to create a blockchain working group that would both recommend a definition for blockchain and offer recommendations for the adoption of the technology. The introduction to HB622 states: “The…

Why DeFi Trading Is Expanding Despite Harsh Economy

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Companies like Nimbus have set the pace for an excellent year for DeFi. The Nimbus DeFi ecosystem delivers strategic solutions targeted at solving the shortcomings plaguing the DeFi space. DeFi (which is short for Decentralized Finance) was one of the top trends in the blockchain space in 2020. In January 2020, the entire DeFi space was valued at only 680 million dollars. By December 2020, the figure has skyrocketed, reaching a total of 15.34 billion dollars. The number of products, services, and other platforms that have sprung out of this…

Bank of Singapore Bullish on Crypto, Says It Can Replace Gold as Store of Value

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The Bank of Singapore said that crypto has all the technological prowess to be used as digital money. However, it has to address issues of extreme volatility and bring more legitimacy with institutional participation. In an interesting development, a private banking firm – Bank of Singapore – said that it is bullish on crypto for the long term. As reported by the National News, the bank said that cryptocurrencies hold the potential to partially replace Gold as a store-of-value. However, it goes to add that it is unlikely to replace…

The New Bitcoin Fork, BTCU has revealed its Team to the World Led by Eric Ma, the CEO and Joined by Two Famous Advisors

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The Bitcoin Ultimatum (BTCU) team has announced the appointment of a famous blockchain figure, Eric Ma, as the CEO of the project. Recently, Ma was one of the most influential employees of Coinmarketcap. Prof-it blockchain is the developers of BTCU, with the support of Coinsbit cryptocurrency exchange. In anticipation of the upcoming fork, they have decided to introduce their team to the world which includes global blockchain industry advocate, Dinis Guarda and Juliet Su. Combining Bitcoin and Ethereum best features The BTCU team faces severe challenges. This is about improving…

Winklevoss’ Gemini pushes presence in Asia, supports Singapore dollar

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Gemini, a cryptocurrency exchange founded by the Winklevoss brothers, continues to strengthen its global presence by tapping into the Singaporean market. On Jan. 25, Gemini announced a roll-out of several new features for its platform in Singapore, including the support of the Singapore dollar on mobile and desktop. According to the announcement, Gemini customers in Singapore can now use a debit card to buy crypto with Singapore dollars as well as use electronic funds transfer service FAST to make deposits on Gemini. In a move to support the development of…

Why Bitcoin Is The Best Investment For 2021 (Chris' $200k Price Target Explained)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. There are no physical bitcoins, only balances kept on a public ledger that everyone…