Kategorie: Crypto Business

• AllStars Digital is looking to leverage Aurora Labs’ blockchain technology solutions to revolutionise crypto trading of assets based on real-life performances of sports stars, including in football, cricket, basketball and e-sports.

AllStars Digital (ASD), a digital sports exchange for the tokenisation of sports-based alternative assets, wants to accelerate adoption of sports-based crypto trading.

To achieve this, the platform has struck a partnership with blockchain technology solutions provider Aurora Labs, a deal poised to bring millions into crypto trading based on real-life sports stars across global sports ecosystems.

Redefining sports-based crypto trading

Aurora Labs’ technology will help AllStars Digital launch new player-based digital asset offerings and expand the exchange’s trading on sports performance.

The deal will also help the digital assets provider offer more people around the globe access to a wide range of real-time sports-based tradable products, the firm said in a press release shared with CoinJournal on Tuesday.

Marc Aspinall, the COO of AllStars Digital, commented:

“We’re excited to partner with Aurora Labs and look forward to how this new partnership will help us reimagine what’s possible in the sports-based digital asset space. Traditional sports betting focuses on binary outcomes where participants win or lose depending on specific declarations – a major disconnect for sophisticated sports fans and digital communities that prefer taking a holistic position on assets with relatable value.”

AllStars hopes to tap into Aurora Labs’ blockchain-focused solutions to redefine crypto trading in the sports ecosystem, with a focus on revolutionising the space via real-life performances of sports stars.

“We will provide the exchange for trading on sports performance; real-time tradable products that are based on definitive sports data. We’re starting with the world’s biggest football and cricket stars and have plans to add basketball and e-sports in the roadmap. After that, we’ll let the community decide,” Aspinall added in a statement.

Other benefits include multi-chain integration

Key developments set to come out of the partnership, and which could be critical to ASD’s future growth include launch of an AllStars Chain, integration of a dApps distribution system, support for multiple developer languages, and advanced security.

Other benefits will be superior processing power, an upgradable blockchain, and interoperability with multiple consensus mechanisms.

Meanwhile, Aurora Labs’ decentralised application (dApp) platform Aurora Chain will leverage the partnership to expand its services into crypto sports staking.

The partnership between the two platforms was facilitated by blockchain consultancy and advisory solutions provider GDA Capital. The company offers advanced solutions designed to help innovative startups bridge the gap between blockchain and traditional finance.

The post AllStars Digital partners Aurora Labs to expand sports-based crypto trading appeared first on CoinJournal.

More and more people around the world have become interested in playing at online casinos in one way or another. This new surge in interest has been driven by many different things, such as the increased number of opportunities and the increase in time spent at home.

At the same time, cryptocurrencies have been gathering more and more attention from people. This is one thing that has also been noticed in the world of online casinos. Offering cryptocurrencies as a possible payment method for players is a good way to attract customers. This is often the reason why players choose a certain casino over another gaming site. 

Today, many crypto casinos in Finland have become popular, and the rest of the European countries follow very closely behind. In this article, we will introduce you to some things that you should consider and keep in mind when looking for a casino that allows you to play using cryptocurrencies.

Make sure that payments are successful in both directions with cryptocurrencies

Unfortunately, not all casinos allow withdrawals with cryptocurrencies, although deposits can be made with this particular payment method. That’s why it’s good to check that you can perform both payment procedures with the same currency. Fortunately, this is very easy to do. 

You just have to go to the part of the page that tells you about all the different payment methods. Here you can find information whether there’s support for cryptocurrencies as a payment method.

If you are especially a fan of bonuses, it is also good to make sure that the casino’s offers are available in cryptocurrencies. This is not always the practice, even if payments are made with cryptocurrencies. Thus, you would not be able to use the cryptocurrencies you want when you want to redeem the offer. So take this into account before you choose a particular game site that offers cryptocurrencies.

Ensure the cryptocurrency you want to use is accepted as a payment method

Even if the casino in question is advertised as a site that accepts different cryptocurrencies as payment, you should make sure that it accepts the exact currencies you want to use. 

Very often, the casino may only accept the well-known Bitcoin as a payment method, while other casinos offer the possibility to use up to 20 different cryptocurrencies. Bitcoin, Ethereum and Litecoin are the most common payment methods even in the world of online casinos.

Of course, this does not mean that they are the only possible cryptocurrencies. If a site offers many different cryptocurrencies as a payment method, information about this can often be found very easily. The sites may even mention it on the casino’s homepage. Thus, you will get information very quickly about whether you have enough options between different cryptocurrencies or not.

What is the selection of games at that casino?

This is definitely one of the most important things you should look into when choosing a crypto casino to play at. Too often, players may get excited by the offer of nice bonuses, and thus forget to stop and think about the basic reason for playing at casinos: playing games.

That is why it is very important to compare the selection of games offered by a few different online casinos. Maybe you are interested in playing different slot games, while others are excited by traditional live casino games. No matter what kind of player you are, you can definitely find a casino that suits you. Still, it is very important that you make sure of it in advance. 

That way, you can be sure that the casino’s selection of games will keep you entertained for a longer time, even if the bonus was used a long time ago.

Is the casino licensed?

This is also one of the things that is particularly important to take into account. Almost all countries in the world, where online gambling is legal, require the site to have some state or decision-making authority to check and regulate the operation of the online casino. In this way, it can be ensured that the site works reliably and fairly. 

Finland currently does not have a license like this, which is why most of the online casinos operating in Finland use other reliable licenses.

As in many other European Union countries, it is also very important in Finland that the casino has an EU or EEA country license. This means that then the player’s winnings will presumably not be taxed, which is of course important. In addition, this says a lot about the reliability of the site. There are many countries in the European Union that offer reliable licenses. One of the most famous and trusted options is the Malta Gaming Authority license offered by Malta.

The fact that you choose a casino that operates under a license is very important. This ensures that you choose a casino that operates in a safe and controlled manner. Thus, you can avoid the risks of cheating when you just want to have fun playing online. 

Unfortunately, there are some cases where crypto casinos have been scams, but this is exactly what we are trying to minimize with the help of licenses and by monitoring the site’s operation.

What is the user experience like on computers and mobile devices?

This is one thing that gets forgotten every now and then, but it’s very important to keep in mind. By making sure that the site works well on both a computer and a phone, you can be sure that it will remain comfortable to use for a longer period of time. 

When you want to have fun playing, you certainly don’t want to struggle with a site that doesn’t work properly on the device you want to use.

The post What to keep in mind when choosing a crypto casino to play appeared first on CoinJournal.

• Exponential is looking to change investing in the decentralised finance (DeFi) ecosystem with the “right products” for customers.

Exponential, an investment platform that seeks to simplify investing in decentralised finance (DeFi), has announced it raised $14 million during its seed funding round from investors.

Paradigm, a crypto-focused venture capital firm that has invested in numerous digital assets and Web3 startups, led the financing round, according to co-founders Driss Benamour (CEO), Mehdi Lebbar (President) and Greg Jizmagian (CTO).

Other investors that participated in the funding round included FTX Ventures, Haun Ventures, Solana Ventures, Polygon, Circle Ventures, and Global Founders Capital among others.

The round also attracted over 80 angel investors, including Henrique Dubugras (founder of US-based fintech firm Brex), Zach Perret (CEO of Plaid/Mischief) and entrepreneur and investor Anthony Pompliano.

We’re excited to announce that Exponential has raised a $14M seed round, led by @Paradigm, and is now available to the public. Exponential is a new investment platform that makes it easy to discover, assess, and invest in DeFi yield opportunities https://t.co/lBc12j7EkS

— Exponential DeFi (@ExponentialDeFi) October 3, 2022

Exponential’s DeFi goal

Exponential‘s goal for the DeFi community is clear: offer an investment platform that makes it easy for investors to discover new yield opportunities and easily invest in transparent projects.

“This is just the beginning. Exponential has a vision of unlocking financial freedom for everyone by bridging the gap between web2 and web3, and the minds to build it.” Benamour, Lebbar and Jizmagian noted in a blog post.

To help bring this to fruition, the platform has assembled a top notch team comprising talent from Uber and Amazon. In all, the team counts some of the best employees across engineering, cryptocurrency, fintech, and consumer products within its ranks.

According to the Exponential co-founders, investing in DeFi shouldn’t be as daunting as it often proves. It shouldn’t also be too risky for investors as has been seen over the past two years, with hackers stealing billions worth of dollars of crypto assets from DeFi protocols.

“With the right products, DeFi will become more approachable, opening the door to a new wave of investors,” Benamour, Lebbar and Jizmagian wrote.

Rate My Wallet, an institutional-grade risk assessment system the platform has developed helps analyse a user’s investments, mapping potential across the protocol, assets and chain underpinning the ecosystem.

The platform is also set to make it possible for customers to have direct access to DeFi liquidity pools via its custodial platform, adding to ease of use and also security.

The post Paradigm leads $14M seed round for DeFi platform Exponential appeared first on CoinJournal.

• Deutsche Telekom will run an Ethereum validator node via its subsidiary T-Systems Multimedia Solutions and has also partnered liquid staking pools provider StakeWise.

German telecom giant Deutsche Telekom has announced support for the Ethereum network, revealing plans to run a validator node on the world’s largest proof-of-stake (PoS) blockchain.

An announcement from the telecommunications giant on Thursday stated that the company move is part of its wider objective of expanding its activities across the blockchain technology and crypto ecosystem.

Deutsche Telekom joins Ethereum staking

According to Deutsche Telekom, its validation infrastructure will be handled by its subsidiary, T-Systems Multimedia Solutions (T-Systems MMS). T-Systems MMS will thus operate a validator node on Ethereum, taking part in the network’s staking mechanism.

Deutsche Telekom also announced that its subsidiary would be partnering liquid staking pools provider Stake Wise, this marking the telco’s entry into liquid staking. 

The StakeWise app allows ETH holders to participate in network validation without having to operate a validator node themselves. This in turn lowers the entry barrier for anyone looking to invest in the cryptocurrency.

“After collaborating with Flow, Celo and Polkadot, we are now taking the next decisive step in the blockchain world and are doing pioneering work here with Ethereum. As a node operator, our entry into liquid staking and the close collaboration with a DAO is a novelty for Deutsche Telekom,” said Dirk Röder, Head of Blockchain Solutions Center at T-Systems MMS.

The German telco behemoth’s move comes a few weeks after Ethereum successfully transitioned from the proof-of-work mechanism used on the Bitcoin network.

The Merge, as the Ethereum software upgrade that ushered in the PoS mechanism was called, is set to see energy consumption for Ethereum fall by 99.95% – making the blockchain a more eco-friendly network.

The post Telco giant Deutsche Telekom launches Ethereum validator appeared first on CoinJournal.

• Facebook and Instagram users can connect their digital wallets to either app, and share or cross-post NFTs.

Meta, the parent company of social media platforms Facebook and Instagram, has today expanded the digital collectibles functionality on the two platforms.

An update the company provided on 29 September states that all users on both Facebook and Instagram apps can now share and cross-post their digital collectibles. 

Share NFTs across Facebook and Instagram

According to the announcement, once users connect their wallets to either app, they can share NFTs on Facebook to their account on Instagram.

The cross-posting and sharing is available for users in the United States as well as across all of the 100 countries where Meta supports digital collectibles on Instagram. Users can post or share digital collectibles at no fees.

You can now post digital collectibles on @Facebook and @Instagram ✨ Connect your digital wallet to either app and start sharing your #NFTs today.

Learn more 👉 https://t.co/aH8036aVwX pic.twitter.com/0AuZWHUFsy

— Meta (@Meta) August 29, 2022

Meta first announced support for NFTs on its Instagram in May this year, before expanding that to Facebook.

An international expansion of the digital collectibles feature for users in Africa, Asia-Pacific, the Middle East, and the Americas in August brought the support to 100 countries. The company also added wallet support for Coinbase Wallet and Dapper, on top of earlier support for Rainbow, Trust Wallet, and MetaMask.

The feature also expanded to three blockchains – Ethereum, Polygon and Flow.

The post Meta allows crossposting of NFTs for Facebook and Instagram users appeared first on CoinJournal.