Kategorie: Crypto News

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Polkadot founder Gavin Wood donates $5.8m worth of DOT to Ukraine

Gavin Wood, the founder of the blockchain platform and cryptocurrency Polkadot (DOT), has just donated $5.8 million worth of DOT to Ukraine.

According to a DOT transaction the Polkadot founder just shared, the total donation is 298,367 DOT tokens.

Given DOT/USD is trading around $19.33, Wood’s donation stands at around $5.8 million.

Wood had this week promised to donate $5 million to the Ukrainian government if they posted a Polkadot address in addition to the Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) addresses opened after last week’s Russian invasion of Ukraine.

Wood pledged $5 million if Ukraine added a DOT address

Earlier on Tuesday, 1 March 1, 2022, Ukraine announced that it was now accepting crypto donations in Polkadot.

In a tweet posted from the official government account, Ukraine authorities thanked the global community for the donations received so far. They released a DOT address and noted that they could accept donations in other cryptocurrencies too.

“The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv. More cryptocurrencies to be accepted soon,” the tweet read.

Gavin Wood made his pledge via a reply to the Ukrainian government’s earlier plea for more donations. While he could have simply donated in BTC, ETH, or USDT, Wood’s request for a DOT address appears not to be such a bad move after all for the Ukrainian government.

The addition of the Polkadot cryptocurrency could open up the donation basket to more people, boosting the effort to support the battle against Russia and to offer humanitarian aid to a growing number of people.

The DOT address has just over $6 million at the time of writing, but the amount could grow quickly as witnessed with BTC and ETH over the past week.

The post Polkadot founder Gavin Wood donates $5.8m worth of DOT to Ukraine appeared first on Coin Journal.

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UK-Based NFT Platform KnownOrigin Secures $4.85M Series A Investment

  • Crypto VCs Sanctor Capital and GBV co-led the funding round
  • The Manchester start-up plans to use the funds to innovate and build an NFT platform that allows for a democratised access and usage by artists and collectors.

UK-based non-fungible token (NFT) platform KnownOrigin has raised $4.85 million in its series A funding round the startup said in a press release shared with CoinJournal.

Venture capital firms GBV and Sanctor Capital co-led the financing round, with participation from D1 Ventures, Cultur3 Capital, LD Capital, MetaCartel Ventures DAO, and Pluto Digital. The round also attracted support from Future Arts, Yin Cao and Colborn.

KnownOrigin ‘KO’ is a pioneer NFT platform, co-founded in 2018 by David Moore, Andy Gray and James Morgan. The platform has over the years allowed for a democratised art world where artists showcase and sell their digital artwork via simplified transaction processes.

The Manchester-based startup plans to use the new funds to reinvest in its NFT digital art marketplace, with the aim of ensuring creatives continue to benefit from new technologies in the space like Web 3 and Metaverse.

Partnerships include Netflix and Adidas

According to co-founder James Morgan, the $4.85 million will help the startup to grow, innovate and to build an ecosystem that will benefit the broader NFT space.

To help achieve these goals, the KnowOrigin team has looked for investment and expertise from prominent crypto investors and blockchain innovators in the NFT space. It has also partnered with top brands such as streaming giant Netflix, Europe’s largest sportswear firm Adidas and US-based computer software company Adobe.

Commenting on the investment, co-founder Morgan said the aim is to offer “a permissionless, transparent, fair thriving ecosystem where creators and collectors can engage in culture excellence and experience.”

Bringing NFTs to the community

KnownOrigin has over 5000 creators on its platform, with sales of over $30 million in the past year alone netted from a growing market of NFT collectors from across the world.

As well as providing an ecosystem that favours NFT creators and artists, KO has built a new royalties system that allows artists to receive royalties instantly after every sale.

But their work does not end with the platform participants, the team noted in the press announcement. The startup has sought to bring the NFT world to the Manchester community, including events that feature both local and global NFT talent.

The post UK-Based NFT Platform KnownOrigin Secures $4.85M Series A Investment appeared first on Coin Journal.

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Highlights March 1: Cryptos stage comeback, defence stocks on the rise

The crypto market is rallying across the board today. Price growth is provoked by Ukrainians buying goods with crypto donations and Russians stocking up on crypto as a store of value.  

Defence companies surged yesterday after Germany pledged to boost its armed forces in response to Russia’s invasion of Ukraine. Germany’s Rheinmetall (+24.94%) took off. Several US companies in the sector also recorded gains.

Energy companies shone yesterday as US stocks climbed higher. Solar firms Enphase Energy (+8.44%) and SolarEdge Technologies (+14.93%) leapt over concerns for global oil supplies, as did hydrocarbon exploration company Occidental Petroleum Corp (+12.88%).

Markets today may be impacted by the release of the ISM Manufacturing PMI at 15:00 GMT. 

Top cryptos

Bitcoin jumped around 14%, trading above $43,000 at time of writing. Ethereum and Cardano were both up around 11%, and XRP registered gains of around 7%.

LUNA has enjoyed a standout performance this week. It gained another 21% today, bringing its weekly surge to just under 80%. It is rallying on news of an FTX listing, slated for today.

Outside the top 10, Wrapped Bitcoin is doing the best. It added 13% to its value. Other prominent gainers include Avalanche and Cosmos.  

Top movers

Most top 100 coins are rallying too. One of the biggest winners is WAVES, the token of Waves, a multipurpose blockchain platform created by Ukrainian-born Alexander Ivanov. In what could be a show of support for Ukraine, WAVES added almost 38% to its value today.

As it usually happens, one day’s biggest losers are the next one’s biggest winners. In that vein of thought, THORChain gained 23% today. NEAR Protocol is also one of the leaders with gains of 22%.

Other coins conforming to bulls’ expectations include Kadena (+19%), Fantom (+15%), Neo (+16%), and Theta Network (+17%). Most of those were plummeting yesterday.  

Trending

The biggest gainer of lesser-known coins is OBROk, a limited-supply asset launched in 2021. The OBRok Token team is working on the Metaverse, Web3, renewable energy, and aeronautical sciences. They also provide R&D services in these areas via blockchain technology. OBROk is up 275% today.

The live UMA (Universal Market Access) price today is $8.33 with a 24-hour trading volume of $462.7 million. UMA is up 73.45% in the last 24 hours.

Qredo, an ecosystem that claims to be rearchitecting digital asset ownership and blockchain connectivity, has seen its native token gain steadily over the past few weeks. Its fully diluted market cap increased by 28% today.

The post Highlights March 1: Cryptos stage comeback, defence stocks on the rise appeared first on Coin Journal.

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The Cryptocurrency market makes significant gains, why is crypto up today?

In the last 24 hours, the crypto market saw sharp rallies across the board. The war in Ukraine has become a turning point in the world order in many ways, one of which has been in demonstrating the might and use of these assets.

This article provides a brief overview of the main reasons the market is up today. These include increased crypto spending by Ukrainians and Russian citizens’ perception of it as a safe haven.

A historic moment for crypto adoption

The past weekend was a historic moment for cryptocurrency adoption. Ukraine posted an official plea for cryptocurrency donations on Twitter. Donations poured in, topping $15 million, which doesn’t include various other initiatives that have been organized to raise funds.

The Ukrainian government is using donated crypto to buy critical supplies, including gas, food and military equipment as the country continues to battle Russian forces tirelessly. It has been estimated that they have spent around $10 million in crypto so far.

The power of borderless currencies

The rush to support Ukraine financially highlights the power of borderless assets like Bitcoin and Ethereum and reminds of the critical role DeFi and other non-custodial solutions can play. People fleeing Ukraine only need a seed phrase to transport their Bitcoin or Ethereum.

Ukraine’s move to ask for crypto donations is an important milestone in the process of adopting the asset class globally. Naturally, that has reflected in its price growth.

The role of Russia in rising crypto prices

Russians are rushing to stock up on crypto in an effort to protect their assets and to bypass state-imposed capital controls. Sanctions against Russia are driving Russian citizens to buy it as a way of surviving the conflict, which led the ruble to shed more than 30% of its value.

Data of Chainalysis shows the Russian Federation ranks 18th in crypto adoption worldwide. There is no doubt that the conflict Vladimir Putin started will fortify this in the country. It might even push it to an all-time high as Russian citizens try to cope with the economic consequences.

A final contributing factor is the unwinding of net short positions by traders, which CoinDCX attributes to a short squeeze.

Major crypto price movements

Bitcoin (BTC/USD) gained 13% today, trading for more than $43,000 at the time of writing. The second-biggest cryptocurrency, Ethereum (ETH/USD), jumped by 10% in 24 hours. Binance Coin (BNB/USD), the fourth biggest crypto and the native token of Binance, gained 11% today.

Where to buy the rise

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The post The Cryptocurrency market makes significant gains, why is crypto up today? appeared first on Coin Journal.

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No end to Qredo’s gains in sight: Here are the top places to buy Qredo

Qredo has been gaining steadily over the past few weeks. Its fully diluted market cap has increased by 28% today, and its trading volume – by 163%. This article explains what Qredo is, if it would make a valuable investment, and the best places to buy Qredo now.

Top places to buy Qredo now

As QRDO is such a new asset, it’s yet to be listed on major exchanges. You can still purchase QRDO using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy QRDO right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for QRDO

Now that you’re connected, you’ll be able to swap for 100s of coins including QRDO.

What is Qredo?

Qredo is an ecosystem that claims to be rearchitecting digital asset ownership and blockchain connectivity. It has pioneered the first decentralized trustless multi-party computation (MPC) custodial network.

This advancement enables Qredo to offer decentralized custody, native cross-chain swaps, and cross-platform liquidity access. By leveraging the latest innovations in cryptography and distributed ledger technology, Qredo delivers a powerful global network for securing and trading digital assets.

The ecosystem’s QRDO token provides a means of utility and governance to the Qredo Network. Qredo is designed to include a “user centric” incentive structure that economically favors the participants of the Qredo Network, driving user adoption and utilization of the network.

Should I buy Qredo today?

Qredo can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

Qredo price prediction

Wallet Investor expects a long-term increase. Qredo will trade for $12.60 five years from now, corresponding to revenue of around +346%. A $100 investment in Qredo made now could go up to $446 in 5 years if this analyst’s prediction is accurate.

Qredo on social media

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