Schlagwort: crypto business

Veröffentlicht am

Kraken opens waitlist for its NFT marketplace

Kraken NFT marketplace will reportedly allow zero gas fees on all NFT trades on the platform.

Major crypto exchange Kraken has announced that the waitlist for its non-fungible token (NFT) marketplace is open.

The announcement, published on Tuesday, comes a few months after the US-based cryptocurrency firm revealed plans to launch Kraken NFT. This will be the crypto exchange’s NFT marketplace that’s being highlighted as a “complete solution” for users seeking to explore, trade and secure NFT collections.

Zero gas fees for on-platform trades

Among the many features, users are set to benefit from when using the new NFT platform is what Kraken says is “zero gas fees” on all trades involving NFTs custodied on the platform.

“Once your NFT is custodied with Kraken NFT, you will not pay any blockchain network fees for trading activity that takes place within our platform,” the Kraken team said in a blog post.

According to the exchange, users will only pay gas fees when they transfer NFTs onto or off the marketplace.

Use cash or crypto

Kraken NFT will offer users access to the buying and selling of NFTs via cash or crypto, whichever the customer prefers. This, according to the platform, will occur via seamless integration of the NFT account with a customer’s Kraken account.

In this way, offers can be listed in fiat currencies such as USD, EUR, and GBP, among others. Users will also have access to over 120 cryptocurrencies.

Other features include multiple blockchain support

Kraken NFT will eventually support several blockchains, but the initial launch, according to the team, will involve Ethereum and Solana support.

Apart from supporting multiple blockchains, the marketplace will also integrate the security protocols and measures applied on the main network to secure the NFT platform.

Meanwhile, NFT creators on the platform will benefit from a reward system that assures them a cut of earnings made in secondary sales. This will work via a feature dubbed Creator Earnings.

Kraken NFT Marketplace will join a list of other NFTs platforms from major cryptocurrency exchanges, including Coinbase, Binance, FTX and KuCoin.

The projects are coming up thick and first as the NFTs space continues to experience rapid growth. The industry saw billions of dollars worth of digital collectibles traded in 2021.

The post Kraken opens waitlist for its NFT marketplace appeared first on Coin Journal.

Veröffentlicht am

eToro lists API3, UMA

Leading trading and investment platform eToro announced the listing of API3 and UMA (Universal Market Access). 

API3 

API3

API3 is a platform for decentralized application programming interfaces (APIs). API3, the platform’s native token, enables holders to participate in governance through the API3 DAO. 

API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales.

As blockchain technology plays an ever bigger role in the economy, the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.” 

The coin is gaining on news of the listing. At the time of publication, it was trading for $3.40 with a 24-hour trading volume of $36.8 million. API3 is up 5.22% in the last 24 hours according to CoinMarketCap. 

UMA

UMA

Universal Market Access (UMA) is an Ethereum-based protocol that enables users to build their own synthetic assets, which are tokens that track the value of real-world assets. UMA is a governance token, and can be used to vote on project decisions.

Synthetic assets are a class of assets that represent different, underlying assets and have the same value. 

UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain.

UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps.

By developing a protocol for the creation of synthetic assets and financial contracts on the blockchain, UMA seeks to democratize and decentralize the financial derivatives market.

At the time of publication, 1 UMA was worth $5.50 with a 24-hour trading volume of $95.7 million. According to CoinMarketCap data, UMA is up 2.66% in the last 24 hours. 

The post eToro lists API3, UMA appeared first on Coin Journal.

Veröffentlicht am

Dubai’s Virtual Assets Regulatory Authority to launch headquarters in The Sandbox

Dubai’s Virtual Assets Regulatory Authority (VARA) has announced that it shall create a metaverse headquarters in The Sandbox virtual world. The virtual headquarters shall be referred to as “MetaHQ” and shall be based at an unknown location within The Sandbox virtual world.

The launch of “MetaHQ” is part of Dubai’s attempts to become a virtual asset hub.

In a statement to WAM news agency, the Crown Prince of Dubai and Chairman of the Dubai Executive Council, Sheikh Hamdan bin Rashid Al Maktoum, said:

“Our presence in the metaverse… marks the beginning of a new phase in the Dubai government’s march for the future; one that will have a positive impact in the long run.”

The role of the “MetaHQ”

The VARA has not provided a lot of details about the actual role of the MetaHQ.

The VARA however said that the virtual headquarters would:

“serve as its primary channel to engage [Virtual Asset Service Providers] across the globe to initiate applications, enable younger licensees [to] enter the metaverse, openly share knowledge and experiences with consumers and peer regulators to raise awareness, enable safe adoption, and drive global interoperability.”

The development shows how fast Dubai is turning into a crypto hub after the VARA was launched at the beginning of March. VARA was created to aid in advancing the legal framework and regulatory system of virtual assets in the UAE and specifically in Dubai.

Among other things, crypto firms wishing to operate in the UAE must obtain a crypto license from the VARA. The VARA was also assigned the duty of regulating the activities of asset managers and custodians within the crypto space in the UAE.

The post Dubai’s Virtual Assets Regulatory Authority to launch headquarters in The Sandbox appeared first on Coin Journal.

Veröffentlicht am

Bit2me launches a new office in Brazil to expand its operations

Bit2me, a Spanish cryptocurrency exchange, has taken a bold step to expand its operations to Latam. According to a local media statement, Bit2me announced that it has established a new office in Brazil that will tackle compliance tasks. This is one of the operation strategies the exchange has introduced in Spanish-speaking countries. 

According to Bit2me, Brazil is a key factor because of its high number of crypto users and the crypto market. In support of this Bit2me CFO, Pablo Casadio said:

‘’Brazil is a key country in the entry of Bit2me in Latin America since more than 20 million Brazilians already invest in cryptocurrencies, which shows their interest in learning about this new technology.’’

For smooth operations in the country, the exchange onboarded former Binance employee, Ricardo Da Ros, to oversee its expanding operations in the country. The exchange is very optimistic about Da Ros’s entry into the Brazilian market since he will be able to educate customers more about the crypto market and bitcoin.

He stated:

‘’I believe that with Bit2me we will be able to improve the knowledge of cryptocurrencies in Brazil and bring Satoshi Nakamoto’s idea closer to all Brazilians interested in this revolution.’’

Compliance-based services approach

The exchange has always believed in a compliance-based service approach; besides, it was the first exchange to be issued a virtual asset service provider (VASP) license by the Bank of Spain back in February.

From the look of things, the compliance idea might be introduced to Brazil’s operations since the exchange already has a setup that will secure customer transactions.

According to the exchange, the office will help in the prevention of finance terrorism and money laundering. This will boost the exchange power over its competitors that are operating outside the country, besides, Brazil is working on the approval of a crypto law that will regulate virtual asset service provider operations.

The post Bit2me launches a new office in Brazil to expand its operations appeared first on Coin Journal.

Veröffentlicht am

PETO is down 10%, is it time to buy the dip? Here’s where to buy PETO

The token of Petoverse hit an all-time high on May 1 and its ads went live on Etherscan, which the platform’s team considered an amazing step forward in their “non-stop marketing campaign.” 

Since then, PETO has lost just under a tenth of its value. 

Look no further than this short article for all the details about PETO: what it is, is it worth investing in, and the best places to buy PETO now.

Top places to buy PETO now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 Pancakeswap DEX

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

4. You can now swap your BNB for PETO

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

What is PETO?

Petoverse bills itself as the first metaverse project to reward users with a decentralized financial asset that has a sustainable fixed compound interest model. This is made possible through the use of PETO’s auto-staking protocol.

The platform is crossing frontiers by integrating the metaverse MMORPG concept with a truly unique auto-staking protocol. 

It promises to pay fixed APY every 15 minutes. Users’ portfolios have the potential to grow dramatically thanks to the simple system the platform utilizes: buy, hold, earn. 

Should I buy PETO today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

PETO price prediction

Digital Coin Price is quite bullish on PETO. They make the following forecast:

  • 2022: $10 – $11.39
  • 2023: $10.80 – $13
  • 2024: $9.95 – $13.34
  • 2025: $14 – $17.83  

PETO on social media

The post PETO is down 10%, is it time to buy the dip? Here’s where to buy PETO appeared first on Coin Journal.