CoinFlip Lists Dogecoin; Users Can Buy DOGE Using Cash in Over 1,800 ATMs

CoinFlip Lists Dogecoin; Users Can Buy DOGE Using Cash in Over 1,800 ATMs

CoinFlip Lists Dogecoin; Users Can Buy DOGE Using Cash in Over 1,800 ATMsCoinFlip is now listing Dogecoin (DOGE), allowing retailers to purchase the coin using cash in any of their 1,800 ATMs spread across the United States, as per a tweet on Mar 2. We’re excited to announce that we are listing #dogecoin on CoinFlip ATMs! You can now buy $DOGE with cash at any of our

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Source: BTC Manager

IOTA and Horizen Partner to Maximize IOTA Oracles Adoption by New Blockchains

Introducing IOTA Oracles

Introducing IOTA OraclesHorizen, a technology platform that enables businesses and developers to create their public or private blockchains, announced a partnership with IOTA. The partnership will see the newly launched IOTA Oracles’ functionality and introduce oracle capabilities to the Horizen sidechain and scaling protocol, Zendoo.  IOTA Partnership Plans IOTA is a cryptocurrency built to operate as the

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Source: BTC Manager

Bitfarms Purchases 48,000 Bitcoin Miners, Plans to Increase Hashpower by 5 Exahash

Bitfarms Announces Purchasing 48,000 Bitcoin Miners, Plans to Increase by 5 Exahash

The publicly listed Canadian bitcoin mining operation Bitfarms has announced the firm is purchasing 48,000 Microbt Whatsminer mining rigs in order to expand capacity. Bitfarms highlights the acquisition of new miners will up the company’s hashpower by approximately 5 exahash per second (EH/s).

Bitfarms to Acquire 48,000 High-Powered Bitcoin Miners from Microbt

The Canadian bitcoin (BTC) mining company Bitfarms (TSXV:BITF, OTC:BFARF) announced on Tuesday the company has entered an agreement where it plans to purchase 48,000 mining rigs manufactured by Microbt. The China-based firm Microbt is the manufacturer of Whatsminer devices, which are some of the most powerful application-specific integrated circuit (ASIC) machines in the world. For instance, the company’s Whatsminer M30S++ is the most-profitable SHA256 ASIC miner on the market today according to current data.

Bitfarm’s announcement on Tuesday explains that Microbt has become the firm’s “supplier of choice.” During the last eight months, Bitfarms said it acquired 12,000 machines from the Chinese mining rig manufacturer. Bitfarms stressed that the firm expects the mining rig shipments to begin “on or before January 2022.” “The miners will be installed at our existing and new facilities which are currently in development,” the company said. Microbt said the mining manufacturer looks forward to providing the 5 EH/s worth of miner to Bitfarms.

“We are very excited to enhance and expand our partnership with Bitfarms,” Vincent Zhang, Microbt’s global sales director said during the purchase announcement. “The miners to be supplied to Bitfarms are very reliable and stable. These miners will generate tremendous value to Bitfarms in its mining operations and [to] its investors,” Zhang added.

Bitfarms CEO Alludes to the global Shortage of Semiconductor Wafers

Furthermore, the CEO of Bitfarms, Emiliano Grodzki, explained the acquisition helps during a time of excessive demand for ASICs.

“The supply of miners will be one of the greatest challenges for the foreseeable future due to a global shortage of wafers used to create semiconductor chips which is a vital component in mining rigs,” Grodzki detailed. “Our strategy will be to continue to grow our own infrastructure and professional operations and conduct mining in our own facilities which increase operational efficiency and profitability,” he added.

News.Bitcoin.com reported last week that Chinese mining manufacturers are hard-pressed from demand and nearly every manufacturer of next-generation rigs are completely sold out. Even the Bitfarm announcement itself notes that delivery is slated for at least by or in January 2022 and “the final mining rigs expected to arrive in December 2022.” Many publicly listed mining firms have leveraged their massive buying power in order to procure ASIC mining rigs in advance.

Moreover, Bitfarm’s 48,000 Microbt Whatsminer rig purchase, is the second-largest mining acquisition since Marathon Patent Group settled a record-breaking purchase for 70,000 high-performance Bitmain Antminer S19s at the end of 2020. Bitfarm’s deal announcement with Microbt did not disclose a dollar-purchasing amount for the 48,000 miners. Marathon did disclose in December that it spent $170 million in its agreement with the Chinese mining rig manufacturer Bitmain.

What do you think about the purchase Bitfarms made in order to acquire 48,000 high-powered bitcoin mining rigs? Let us know what you think about this subject in the comments section below.

Source: Bitcoinnews.com

Tezos Ties-Up with Wolfram Blockchain Labs to Simplify Smart Contract Deployment

Wolfram Blockchain Labs (WBL) and Tezos are forging a full integration of Tezos into Wolfram Language and Wolframalpha. The integration gives easy access to developers that want to interact with the Tezos blockchain and their smart contracts.

WBL-Designed Oracle Expands Tezos Developers’ Computational and Analytical Capabilities

Amid the accelerating race to simplify smart contract deployment, Tezos continues to build on its latest momentum after integrating Wolframalpha and the Wolfram Language via Wolfram’s blockchain.

Wolfram, a renowned computational technology provider, supplies computational languages and answer engines via its own distributed ledger technology. The two-way integration orchestrated by Wolfram Blockchain Labs (WBL) and the TQ Tezos is intended to allow both blockchains to pull and push data from each other.

This integration is made possible by a Wolfram-designed blockchain oracle that allows Tezos developers to tap into Wolframalpha data and computational facts while granting Wolfram users the ability to analyze Tezos blockchain data. An oracle essentially serves as a bridge between two blockchains, allowing a blockchain to pull data from an external source similar to an API via an off-chain transaction.

In the context of Tezos smart contracts, this oracle grants smart contracts the ability to pull computational data from Wolframalpha, like pricing data or other forms that might be needed to satisfy a contract condition or trigger an event. The analytical component of a smart contract can then be more readily automated without compromising security.

More Secure and Reliable Smart Contracts

The secure delivery of computational facts from Wolfram’s algorithmbase and knowledgebase via oracles perfectly complements the Tezos formal verification method, which corroborates smart contract properties’ correctness. Together, this means more shortcuts for developers as they seek to build more secure and reliable smart contracts.

By extension, this expanded functionality not only bolsters the Tezos development ecosystem but dovetails other moves like recent upgrades which have drastically reduced smart contract transaction fees. Moreover, the tie-up enlarges the potential for Wolfram Blockchain users to mine Tezos’ blockchain with statistical queries that effectively analyze smart contract activity.

The self-upgrading nature of Tezos and the constantly expanding toolkit marks another major milestone for this third-generation blockchain. Wolfram has also indicated that developers’ tools would continue to broaden as the collaboration grows amid reports that Wolfram is exploring a role as a “baker” in Tezos proof-of-stake (PoS) blockchain.

What’s next for smart contracts? Where else do you see them being implemented? Let us know in the comments section below.

Source: Bitcoinnews.com

ChiliZ To Expand Operations, Will Invest $50 Million in the US

Following milestone partnerships with sports teams in Europe, ChiliZ have their eyes set on conquering the United States. The fintech platform will open a new office in one of the world’s major commercial cities, New York.

ChiliZ To Set Up New York Office

Maltese blockchain giant, ChiliZ is scaling up operations after securing several partnerships with top European sports franchises. Reuters reported earlier today that the fan engagement platform would open an office and invest $50 million in the United States. According to its chief executive, Alexandre Dreyfus, the move should bring the firm within reach of top United States sports outfits. He told Reuters :

“A huge focal point for us in our global growth plans is the U.S.. That’s why we’re opening a New York office and investing $50 million into the country’s sports industry in order to launch Fan Tokens with leading franchises from the five major U.S. sports leagues”

On launching Fan tokens, ChiliZ has made headway through its subsidiary, Socios. It has partnered with football behemoths like FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, and Atlético de Madrid to launch branded fan tokens. These permit owners to engage in club polls, access VIP rewards, and partake in chat forums.

The company currently has offices in Malta, France, Turkey, Korea, Switzerland, and South America. It had earlier announced that it would open offices in New York and Madrid. With the New York office inching towards reality, Chiliz is undoubtedly advancing towards global growth.

Aims To Double Up on 2020 Revenue

Speaking further about the expansion, Dreyfus boasted about his company’s capacity to generate returns for its partners in the sports and entertainment industry. He said:

“We head to the U.S. with a proven track record in generating millions of dollars of revenue for some of Europe’s biggest sporting organisations. In 2020, we shared more than $30 million with our partners, but this year we’re targeting a minimum of $60 million.”

Revenue from the company’s partnership with seven-time European champions AC Milan proves Dreyfus is not bluffing. The Italian football giant launched its token ($ACM) on Binance on February 24th. Within hours of the launch, over $6 million was generated as trading volume hit $50 million in the first 30 minutes.

Big Market For ChiliZ?

For Joseph Edwards, Enigma Securities head of researcher, there is no better time to seize the initiative. He opined that the soaring interest in NFTs indicates a big market. He elaborated further that NFTs bridge the gap between fans and their subject of interest, especially as Covid-19 caused a disconnection.

“Fan tokens right now are just hitting the perfect itch at the perfect time – fans are disconnected physically from their fandom, and this helps bridge that gap,”

NBA Top Shots seems to be a perfect example. The NFT platform has continued to gain momentum as interest surges. It reached a record-breaking $231 million in sales over the past 30 days.  Perhaps, ChiliZ is taking a cue from this to target the American sports market.

Source: Crypto Potato

xSigma DEX Launch: More Than $100M in Liquidity Pooled on First Day

xSigma DEX Launch: More Than $100M in Liquidity Pooled on First Day

PRESS RELEASE. xSigma, a decentralized exchange for stablecoin swaps, has successfully launched on the Ethereum network on February 24, 2021.

The integrated DEX and liquidity mining platform xSigma, which is backed by a NASDAQ-listed company, has seen great interest in its stablecoin liquidity pools which enable assets to be swapped seamlessly and with minimal slippage. Within the xSigma ecosystem, liquidity providers (LPs) earn SIG tokens, with a 2x bonus to bootstrap liquidity in place for the next fortnight. SIG is the platform’s native utility token with built-in voting and value accrual mechanisms.

$150 million of liquidity has been pooled in xSigma DEX (as of February 28) and almost $10m of SIG has been allocated to LPs. Pool 1 and 2 continue to offer some of the highest yields in the defi space, at 125% and 2700% respectively. DEX volume has surpassed $700k per day.

$20m worth of SIG tokens were traded on launch day and there is over $100 million of stablecoins pooled, comprising USDC ($40m), USDT ($40m) and DAI ($23m), as of 1st March. The SIG token has also been listed on major aggregators such as CMC and CoinGecko. xSigma recently integrated into 1inch.exchange, the leading DEX aggregator.

 

About XSigma

xSigma is a stablecoin DEX powered by a governance token that gives holders the right to determine how the protocol should be managed. Token-holders receive a percentage of all DEX fees, with team and LP tokens vested gradually for two years to align incentives between the platform and its community. xSigma is backed by its parent company ZK International Group, a NASDAQ-listed corporation.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Source: Bitcoinnews.com

Da Vinci Capital Reportedly Requests $100 Million from Telegram for TON’s Failure

A large investor in Telegram’s failed Open Network (TON) has reportedly requested $100 million in compensation from the company. Otherwise, the investor – Da Vinci Capital – has warned with taking legal actions against the messaging platform.

TON Investor Demands $100M

Telegram’s TON initiative was among the most widely-discussed blockchain-related projects in the past few years. However, the endeavor faced almost immediate backlash from the US Securities and Exchange Commission (SEC) as a US court decided at one point that the native currency – GRAMS – is a security token, which couldn’t be sold in the US or anywhere else.

Telegram attempted on multiple occasions to fight the court’s decision and to prove that GRAMS is not a security. However, to no avail and Pavel Durov, the company’s CEO ultimately had to throw the towel by saying that “Telegram’s active involvement with TON is over.”

Although the company has distanced itself from the failed blockchain project, the problems keep following it, according to a recent report by Forbes Russia. Citing anonymous people familiar with the matter, the coverage said that Da Vinci Capital, an investor in the $1.7 billion initial coin offering, has requested compensation for TON’s failure.

Lawyers from the Moscow-based investment company have reportedly sent a letter of intent to file a claim to Durov, Telegram Vice President Ilya Perekopsky, and other executives and lawyers involved with the project.
The report says that Da Vinci Capital had demanded roughly $100 million as compensation.

Two Weeks to Answer

Forbes’ coverage further explained that Durov and his colleagues have two weeks to transfer the funds or notify the lawyers from the investment company if they decide to reject it.

However, if Telegram fails to answer in the provided timeframe, Da Vinci Capital has the right to take the matter to court.

Apart from these allegations, Telegram recently negotiated funding round to raise at least $1 billion in a private bond placement to accredited investors from Russia, Europe, the Middle East, and Asia. Those bondholders would be able to convert debt into shares at a 10% discount to the offering price if Telegram decides to go public in the next five years, revealed the conditions of the round.

Source: Crypto Potato

An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash

An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash

On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or around $12.89 per transaction. Transaction fees of this caliber have dampened Ethereum-based decentralized finance (defi) applications and Web3 platforms. On February 23, however, crypto proponents were introduced to an alternative solution called Moeing chain. The Moeing chain project aims to provide the same benefits as Ethereum 2.0 scaling solutions but with help from the Bitcoin Cash network.

Moeing chain to Introduce an EVM and Web3-Compatible Sidechain for Bitcoin Cash

Decentralized finance (defi) has been a hot topic in 2020 and into 2021. Defi has also been dominant on the Ethereum (ETH) network, but during the last year, defi has leaked over to a number of other blockchains.

An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash
The Moeing chain project introduced itself on February 23, 2021, on Twitter.

For instance, Bitcoin Cash (BCH) proponents have recently welcomed the noncustodial exchange Detoken and the Anyhedge protocol built by the startup General Protocols. Additionally, on February 23 a project called Moeing chain announced its arrival onto the scene on Twitter.

The Twitter account dubbed “Moeing chain” said:

Hello World. Moeing chain is an EVM & Web3-compatible sidechain for Bitcoin Cash. It will allow for a block gas limit of one billion, and provide the same benefits of ETH2.0 very soon—so stay tuned.

The tweet leads to a web portal called moeing.org, which explains what the project is with a similar description. A sidechain compatible with the Ethereum Virtual Machine (EVM) and Web3 wallets and other infrastructure can open up numerous possibilities.

The benefits of leveraging Bitcoin Cash (BCH) means that users can utilize extremely low fees and lightning-fast confirmations while using Ethereum. Developers can get some perspective on the Moeing chain project’s Github repository.

Bitcoin Cash Proponents Anticipate Possible Launch in June 2021

According to sources, Jihan Wu the cofounder of Bitmain is backing the Moeing chain project. A recent report notes that the project has been under development for some time now and is expected to launch in June 2021. The crypto blogger on read.cash Claudio83 who authored the report explains the various benefits of the Moeing chain concept.

“The Moeing team is implementing many improvements in order to reduce the cost of gas on the chain for any type of transaction and offer users maximum efficiency and simplicity with minimum costs,” Claudio83 writes. “The sidechain will guarantee the Bitcoin Cash blockchain a high number of transactions.”

The read.cash author continued:

An exciting 2021 for Bitcoin Cash that is gaining particular attention from the crypto world and is considered to be among the most underrated projects to date. In my opinion, Moeing’s implementation will be BCH’s turning point and yet another demonstration of the enormous potential compared to the surviving Bitcoin.

As of right now, the Moeing chain website allows interested people to subscribe to the mailing waitlist in order to get updates concerning this upcoming project.

Meanwhile, ETH fees have been over $12 per transaction this week and upwards of $38 last week according to bitinfocharts.com average ETH gas data. The web portal bitcoinfees.cash indicates that the cost to get into the next BCH block is $0.0027 per transaction, a fee that’s considerably less than ETH’s average fee.

What do you think about Moeing chain’s EVM&Web3-compatible sidechain for Bitcoin Cash? Let us know what you think about this subject in the comments section below.

Source: Bitcoinnews.com

A Year in Review: Why AdEx Grew by 3,800%

AdEx Network, a decentralized advertising platform built to tackle some of the major inefficiencies in the advertising market — such as a lack of transparency and traffic fraud — has now been out of beta for an entire year.

In this time, thousands of clients have leveraged its technology to launch hundreds of campaigns, each of which provided a seamless advertising experience for end-users while improving ad spend and revenue for advertisers and publishers.

Here, we take a look at what AdEx has been up to in the last year and examine why it has grown substantially in this period.

Meteoric Growth

In February 2020, AdEx Network exited its private beta and opened its decentralized advertising marketplace to the world, allowing both advertisers and publishers to connect and deal with one another securely.

As a platform that allows advertisers to dramatically improve the return on their ad spend by cutting out advertising fraud and improving transparency, AdEx has seen incredible uptake among advertisers who want to ensure their advertising budget is deployed efficiently. On the flip side, publishers are increasingly turning to AdEx to monetize their traffic without losing a massive chunk to intermediaries or contending with large withdrawal thresholds that effectively eliminate the smaller players.

At the time of the private beta, AdEx had just 159 private beta users. Now, the platform has a whopping 6,200+ users combined (including both publishers and advertisers), representing year-on-year growth of 3,800%. It also launched a staggering 887 advertising campaigns last year alone and is on track to smash this number in 2021.

The reasons behind this growth are obvious. By leveraging blockchain technology while providing an extremely simple marketplace for advertisers and publishers, AdEx is able to massively improve the efficiency and effectiveness of online advertising — allowing advertisers to get the best bang for their buck by eliminating ad fraud while giving publishers a way to easily monetize their traffic in a way that was previously not possible.

Significant Milestones

As a platform built to help advertisers secure quality traffic and publishers better monetize their advertising potential, AdEx has introduced a number of important upgrades in the last year which help accomplish exactly this.

Back in March 2020, AdEx overhauled its policies to better ensure advertisers only pay for high-quality traffic. This included enforcing a verification process for publishers as well as several changes to its AdView policies — including only counting ad impressions if at least 5 seconds are spent on the page the advert is served on.

AdEx also introduced a major upgrade in July 2020, which dramatically improved the user experience, campaign results, and flexibility for both advertisers by allowing them to select from an array of advanced campaign parameters, including the option to include or exclude incentivized traffic, limit average daily spending, and set CPM ranges. On the publisher side, they can now choose to display adult adverts (if available) and benefit from automatic categorization based on their content — helping to reduce setup efforts and minimizing errors that could reduce the number of campaigns they participate in.

On top of this, following massive user demand, AdEx expanded the range of funding options available, allowing publishers to pay in a variety of other cryptocurrencies (inc. BTC, ETH, and XRP) and fiat currencies (inc. USD, EUR, and GBP) — opening the platform to an increased range of advertisers and publishers.

Taken together, these changes have made AdEx a more efficient and inclusive marketplace for advertising campaigns, and have contributed to its significant growth in the last year.

The AdEx Token

As a blockchain-powered advertising solution, AdEx uses a network of validators to ensure that traffic is both genuine and the figures reported are accurate. To help participate in the validation process, users must stake the native utility token of the platform — known as AdEx (ADX).

By participating in the validation process, users share a fraction of the fee that is allocated to validators — this is equivalent to 7% of the campaign budget. At the moment, new stakers can expect to earn around 120% APR on their balance, whereas some of the earliest stakers are still enjoying over 200% APR.

The growth of AdEx combined with these impressive staking figures has also had a knock-on effect for the value of the AdEx (ADX) token, which demonstrated similarly impressive performance in the last year — climbing by more than 600% in this time while seeing its trading volume grow in tow.

This makes it one of the best performing micro-cap cryptocurrencies in the last year, demonstrating the strong uptake of AdEx advertising solution and its highly accessible staking solution.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Source: Bitcoininst

Americans Can Now Buy Dogecoin from 1,800 Crypto ATMs Across the Country

The meme coin that exploded in popularity recently, Dogecoin, has reached another milestone as the Bitcoin ATM provider CoinFlip decided to list the token on 1,800 cryptocurrency ATMs in the United States.

Dogecoin Coming to 1,800 ATMs

Started as a joke digital token inspired by Shiba Inu, Dogecoin took the world by storm in the past several months, which has prompted the popular Bitcoin ATM provider CoinFlip to take action.

The Chicago-headquartered company announced yesterday that it had added Dogecoin to its growing network of over 1,800 cryptocurrency ATMs located in 46 states.

The statement informed that this milestone “validates the legitimacy of the coin and further showcases CoinFlip’s dedication to meet consumer and industry needs as coin popularities shift.”

Daniel Polotsky, the CEO and Co-Founder of the ATM provider, said that the move would enable the general population a more straightforward way to receive Dogecoin exposure.

“Given its growing popularity and recent mass adoption, we are dedicated to making sure that Dogecoin is a part of our portfolio of coins and encourage further support of this cryptocurrency in the coming months.” – he added.

Dogecoin’s Support from Musk, Snoop Dogg, and More

CoinFlip reasoned that the Dogecoin listing comes after the token received massive endorsements from some of the world’s most popular names. Perhaps it all started with the CEO of Tesla and SpaceX – Elon Musk.

The executive previously updated his Twitter bio to display “former Dogecoin CEO,” posted dozens of DOGE-related tweets, and even bought some for his son.

Ultimately, every Musk interaction caused an immediate price reaction as DOGE surged to new highs. Consequently, the token even entered the top ten cryptocurrencies by market capitalization.

Furthermore, this skyrocketing craze caught the attention of other famous individuals, including the US rapper – Snoop Dogg.

As such, it may not be a surprise that CoinFlip said that its decision came only after Dogecoin received “support from celebrities such as Elon Musk, Snoop Dogg, Gene Simmons, and Kevin Jonas.”

 

Source: Crypto Potato