Schlagwort: crypto business

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Polygon founder launches Web3 accelerator Beacon

  • Polygon co-founder Sandeep Nailwal has helped launch a Web3-specific accelerator run by top Web3 veterans.
  • Beacon Accelerator started in October with a cohort of 15 companies and 30 founders
  • The inaugural cohort will last 12 weeks and see founder pitch their projects more than 300 leading Web3 investors in January 2023.

Sandeep Nailwal, the co-founder of blockchain network Polygon and Web3-focused investment firm Symbolic Capital, has launched another founder-led project aimed at advancing the growth of the Web3 ecosystem.

The new project Beacon Accelerator launched today, 20 December 2022 under the leadership of some of the most prominent figures in the crypto and Web3 space. It’s a Web3-specific program by founders for founders, Nailwal said in a press release shared with CoinJournal.

As such, Beacon’s founders are from various sectors key to Web3 development, including experts across legal, fundraising, security, and operations.

Core contributors who’ll run the project alongside Nailwal include former DCG chief security Uri Stay, former Sequoia Capital VP Prateek Sharma, and Symbolic Capital co-founder Kenzi Wang. Among topics this team of ‘Core Contributors’ will focus on as they offer mentorship and advice to Beacon’s founders include GameFi, DeFi, metaverse, and consumer apps.

An inaugural cohort of 15 companies and 30 founders

Beacon’s inaugural cohort comprises 15 companies and over 30 founders and started in October. The twelve-week program offers access to topnotch mentors and builders in Web3, remotely available from 12 cities in nine countries.

Mentors for the first cohort will include ecosystem founders, investors, and operators, with such names as Magic Eden co-founder and CEO Jack Lu, Origin Protocol founder Matt Liu and Coinfund partner Evan Fang.

As noted in today’s press release, the inaugural program ends this January and will see projects pitch to a gathering of over 300 leading Web3 investors during a Demo Day to be live streamed across the world.

Nailwal on founding Web3 projects 

Commenting on the launch of the accelerator program and its place in Web3 development, Nailwal said that founding a Web3 project is markedly different from Web2 startups. Founders cannot follow the same playbook applicable in Web2 and that Beacon will help projects navigate the ecosystem.

“Our ultimate goal is to build the greatest network of web3 founders in the world,” Nailwal said, adding that his experience after going through the Binance Labs accelerator had taught him something.

“I found that the greatest resource in any accelerator is the other founders going through the program alongside you. We think that as our alumni network grows, the overall quality of projects being built in web3 will increase as founders help each other find success,” he explained.

The post Polygon founder launches Web3 accelerator Beacon appeared first on CoinJournal.

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Waves planning to launch new stablecoin amid USDN crisis

  • Waves-backed stablecoin Neutrino USD (USDN) lost its dollar peg and is currently trading at $0.5411.
  • The new stablecoin will be undepeggable.
  • A USDN situation resolution plan will be set in motion before the launch of the new stablecoin.

Just days after the Waves-backed stablecoin Neutrino USD (USDN) lost its dollar peg, Waves CEO and founder, Sasha Ivanov, has promised he is going to launch a new “undepeggable” stablecoin.

Ivanov made the revelations via a tweet today where he also announced a USDN situation resolution plan. Ivanov’s tweet read:

“I will launch a new stablecoin,” Waves founder wrote, adding that there is going to be a “USDN situation resolution plan set in motion before.”

Besides stressing that the new stablecoin will be undepeggable, the CEO stressed that the new stablecoin will not be launched until the USDN plan resolution is set in motion.

Neutrino USD stablecoin crisis

The Neutrino USD is an algorithmic stablecoin collateralized by Waves and pegged to the US dollar. In the past few days, the stablecoin has been struggling to maintain its 1:1 peg which it has lost by more than 45% by today.

It is important to note that the current USDN de-pegging is not the first since it saw the first major de-pegging in early April 2022 and has seen several other subsequent de-pegging.

Interestingly, the USDN de-pegging comes at a time when the WAVES token is seeing a significant price drop after the South Korean crypto exchange the Digital Asset eXchange Alliance (DAXA) issued a warning on WAVES on December 8. The stablecoin has failed to regain its dollar peg despite Waves pointing to misinformation being dismantled by centralized exchanges and saying that “no fundamental distress being present in the Waves Ecosystem.”

The post Waves planning to launch new stablecoin amid USDN crisis appeared first on CoinJournal.

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Top crypto news from December 2022

  • PayPal partners with MetaMask developer ConsenSys to make it easy for people to buy crypto.
  • FTX founder Sam Bankman-Fried arrested in the Bahamas and faces up to 115 years in prison.
  • Former US President Donald Trump launched his NFTs on the Polygon blockchain.

One of the main reasons why cryptocurrency is becoming more and more popular is because of the ability to restrict access to your personal information. From buying physical goods, digital goods, investing, refinancing or making donations, cryptocurrency is the way to go.

If you plan to continue using cryptocurrency or you are just a beginner, then you need to stay up to date with the latest trends and news. Here is a review of the month’s latest news.

Current top 10 cryptocurrencies from December

Bitcoin is the most famous cryptocurrency since its launch in 2009, but now you have many other options to choose from to diversify your crypto portfolio.

Right now the most popular cryptocurrencies are:

1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Tether (USDT)
4. Binance Coin (BNB)

5. US Dollar Coin (USDC)
6. Binance USD (BUSD)
7. XRP (XRP)
8. Dogecoin (DOGE)
9. Cardano (ADA)
10. Polygon (MATIC)

Popular Crypto Wallets in December

When choosing a crypto wallet, you need to distinguish between hot and cold options.

Hot crypto wallets can be desktop, mobile or web-based applications, which require an internet connection and are therefore more susceptible to hacking and theft.

Cold crypto wallets are hardware wallets that help keep your private keys safe from hackers because they are not connected to the internet, and usually have a PIN as an extra layer of security.

Here are some options based on their popularity.

The most popular hot wallets in December were:

1. Coinbase Wallet    

2. SafePal    

3. Crypto.com DeFi Wallet    

4. Exodus    

5. Coinbase dApp Wallet

While the most popular cold wallets were:

1. Ledger crypto wallet
2. Trezor
3. Ellipal Titan Crypto Wallet

PayPal wants to offer easier ways to buy crypto with the MetaMask crypto wallet

The partnership between payments company PayPal and MetaMask developer ConsenSys is trying to enable users to choose their PayPal accounts as a payment option to buy Ether (ETH) from the MetaMask app. The offer is designed to facilitate seamless purchases and transfers of Ether from PayPal to MetaMask.

This service from ConsenSys will initially be rolled out to some selected PayPal users who are within or based in the United States.

Former FTX CEO Sam Bankman-Fried is in custody and faces up to 115 years in prison in the US

Sam Bankman-Fried, the founder and former CEO of FTX, has been arrested and detained in the Bahamas. Bankman-Fried was indicted on eight charges that include wire fraud of various types and conspiracy to defraud the United States.

The eight charges issued by the United States Attorney’s Office, Southern District of New York, against Samuel Bankman-Fried are as follows:

1. Conspiracy to commit wire fraud on customers

2. Wire fraud on customers

3. Conspiracy to commit wire fraud on lenders

4. Bank fraud on lenders

5. Conspiracy to commit fraud in goods

6. Conspiracy to commit securities fraud

7. Conspiracy to commit money laundering

8. Conspiracy to defraud the United States and violate campaign finance laws

According to CNN, if Sam Bankman-Fried (also known as “SBF”) is convicted of all eight counts, he could end up with a monumental 115-year prison sentence.

Trump lanserer NFT Card Collection

The former 45th President of the United States, Donald Trump announced the launch of his new non-fungible token (NFT) trading cards on December 15, 2022. Trump’s NFT trading cards are created using the Polygon blockchain because the network “describes itself as environmentally friendly and carbon neutral , which makes it better for the environment.”

This came as a surprise given Trump’s previous opposition to cryptocurrency. He called Bitcoin a “fraud”. He also stated: “I am not a fan of Bitcoin and other cryptocurrencies, which are not money and have value that is highly volatile and based on thin air”, in a tweet dated July 2019. “Unregulated cryptoassets can facilitate illegal behavior, including drug trafficking and other illegal activity”.

Trump’s website clarifies that the cards are only “intended as collectibles for individual enjoyment only, not for investment“.

Questions you should ask yourself before buying crypto in 2023

Don’t forget to ask yourself some questions and do a thorough research before creating your 2023 crypto strategy.

Some questions to guide you: Should you be involved in crypto investing or trading? How to manage risk in the crypto market? How to set smart crypto investment goals? How to choose a crypto to invest in? How to choose a safe crypto exchange to trust and put your money in? How is the crypto tax situation in Norway?

Have a nice Christmas and a happy New Year!

The post Top crypto news from December 2022 appeared first on CoinJournal.

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Gleec BTC Exchange acquires Brazilian exchange Blocktane

  • Brazil recently passed a bill to officially legalize cryptocurrency payments in the country.
  • Gleec BTC Exchange is taking advantage of the situation in Brazil by acquiring Blocktane.
  • Blocktane is a Brazilian-based exchange founded in 2020.

Just days after Brazil passed a bill legalizing cryptocurrency payments in the country, Gleec BTC Exchange has moved to expand its presence in Brazil by acquiring Blocktane, a Brazilian-based exchange.

According to Gleec BTC Exchange, the acquisition of Blocktane includes the acquisition of Blocktane’s legal entity, its online domains and its brand name. Gleec BTC will also take charge of Blocktane’s native token BKT as well as its treasury inventory.

Acknowledging the acquisition, former Executive Chairman of Blocktane, John Willock said:

“We are pleased to partner with Gleec to bring their tool and products to Blocktane’s users in Brazil, and their first entry into that domestic market.”

Spurring the adoption of Gleec’s services

Expansion of Gleec BTC Exchange will likely lead to the adoption of the other crypto services offered by Gleec which offers a wide ecosystem of services including the popular play-to-earn crypto game Gleec Racing, plus Gleec Card.

Currently, Gleec BTC is already an established business in El Salvador, where it offers a digital point-of-sale tool called Gleec SV.

Legalization of crypto payment in Brazil

Gleec BTC Exchange’s acquisition just days after Brazil passed Bill No. 4,401, which legalizes payments using cryptocurrencies. The bill was passed after years of discussions and comes after the creation of a regulatory structure to govern crypto payments by the Brazilian Chamber of Deputies.

It is also a few days after the Brazil Central Bank revealed they are working on a central bank digital currency (CBDC).

The new law is expected to act as a huge boost for Gleec BTC Exchange and the newly acquired assets within Brazil. Following the acquisition, the exchange is expected to begin operating in Brazil in the next few weeks as it eyes a wider expansion into larger Latin America.

The post Gleec BTC Exchange acquires Brazilian exchange Blocktane appeared first on CoinJournal.

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OnePlanet partners with Sandbox Network to expand P2E game MTDZ

  • OnePlanet will help MTDZ expand to Polygon as the P2E game looks to reach more users globally.
  • Sandbox Network is a prominent YouTube Multi-Channel platform in South Korea with 3 billion monthly views.
  • MTDZ 2.0 will launch in early 2023, while a P2E game dubbed Meta Toy City is in closed beta test.

OnePlanet, an NFT Marketplace powered by Polygon, has teamed up with Sandbox Network to help with the worldwide expansion of the P2E NFT game Meta Toy Dragonz (MTDZ).

Sandbox Network is a popular YouTube Multi-Channel Network in South Korea that has over 3 billion monthly views across gaming, sports and entertainment. The platform’s partnership with Polygon-powered OnePlanet is targeted at offering the technical and ecosystem support necessary to grow MTDZ around the world.

MTDZ expansion on Polygon

As noted in a press release shared with CoinJournal on Tuesday, Sandbox Network already has a Web3 presence via its own NFT Meta Toy DragonZ on the Klaytn blockchain. 

The new collaboration will thus help MTDZ create and expand via Meta Toy World (MTW), multi-chain games and metaverse. It’s also set to see the MTDZ ecosystem expand through integration on the Polygon network.

OnePlanet CEO Pryce Cho commented that its partnership with Sandbox Network brings MTDZ to the most suitable ecosystem for any project looking for global expansion. OnePlanet will continue to support projects on Polygon, he added.

The expansion of MTDZ from Klaytn to Polygon will see a re-branded MTDZ 2.0 go live early next year. 

The project will also officially release its P2E game dubbed Meta Toy City, which is based on MTDZ’s IP in 2023. Currently, MTC is in a Closed-Beta Test that launched this month and will benefit from marketing support from OnePlanet, including through minting and marketplace services.

The post OnePlanet partners with Sandbox Network to expand P2E game MTDZ appeared first on CoinJournal.