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Blockchain.com’s Presence In Latin America Boosted With Acquisition of SeSocio

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Christian Allen Tandoc
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Blockchain.com, one of the world’s oldest crypto firms, has purchased SeSocio, an Argentine crypto startup. On Tuesday, both parties revealed it on their separate blogs. According to the release, this is Blockchain.com’s “biggest purchase to date,” however, no dollar value was given.

Blockchain.com intends to accelerate its expansion and encourage crypto acceptance in the area by acquiring one of the top bitcoin firms in Latin America.

Blockchain.com, founded in 2011 as a blockchain data source, has acquired four acquisitions to date. According to its Crunchbase page, it has raised around $490 million in various fundraising rounds. The crypto firm has processed over $1 trillion in cryptocurrency transactions and has about 37 million verified users in over 200 countries.

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Blockchain.com provides cryptocurrency services in Argentina, Brazil, Chile, Colombia, and Mexico. However, this purchase intends to expand on SeSocio’s current network to accelerate growth and make crypto more accessible.

“Latin America represents one of the most significant growth prospects in crypto over the next decade,” stated Blockchain.com CEO Peter Smith. “Millions have already witnessed the worst of inflation, new currencies arise from thin air, and political instability — creating a perfect scenario for crypto.” With the SeSocio team, we hope to give access to a worldwide crypto platform to every Latin American.”

SeSocio’s 100 workers will join Blockchain.com as part of the agreement. This expansion brings Blockchain.com’s worldwide staff to 400 people.

SeSocio is a unique financial platform that lets users trade over 45 cryptocurrencies. Over the course of many investment rounds, the firm raised more than $11 million. Guido Quaranta and Gastón Krasny started it in 2017.

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“We’re incredibly happy of what we’ve been able to develop in the Latin America market and the progress we’ve witnessed as a company so far,” Quaranta added. “I am optimistic that SeSocio will flourish in the next chapter of our journey.” We will usher in a new era of expanded crypto accessibility throughout Latin America and beyond in collaboration with Blockchain.com.”

Blockchain.com’s newest worldwide growth step is the acquisition of SeSocio. Earlier this year, the business purchased AiX, a machine learning investment firm, and Storm Inc., a consumer startup.

In addition, the crypto firm is increasing crypto access across the United States. It has begun offering its services in a number of US states. Georgia was added to the list last month.

Flickto Earns Media Financing Through The Use Of Cardano Blockchain

By
Christian Allen Tandoc
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Flickto, a freshly announced Cardano blockchain project, is a community-powered media launchpad that aims to transform the way projects are funded. Media may be quickly produced and broadly delivered to a diversified audience in today’s world. One issue producers have, is gaining funding for these media initiatives, and Flickto tries to make this process easier.

Community sponsorship and finance have never been easier with Flickto. It brings together people from its increasing user base to sponsor various artists’ projects. This is a first-of-its-kind launchpad, and its success since its inception demonstrates that the initiative is filling a void that has gone unfulfilled for far too long.

Flickto will be the first launchpad to bring concepts into the real world that people may ultimately be able to view in movie theaters or on their TV screens, with aid from advisers such as Ben Morris and Geraint Harvard Jones. Both of them have decades of media industry experience between them.

Flickto is in the news again! : r/flickto

Flickto combines the power of Cardano staking with its native token, FLICK, to offer to fund artists. By staking their FLICK tokens, users may vote on the projects they wish to see funded. Staking grants holders voting rights and income from distribution royalties when the media initiatives are launched.

The Flick initiative may fund artists of various types. These might include anything from movies to television and NFTs and streaming material. Flickto, in a nutshell, puts ordinary people in a position to benefit from the billion-dollar media sector rather than all of the earnings going to media giants.

Users who utilize Flickto are strategically positioned to gain from the tokens they own, whether ADA or FLICK. Flickto employs the ISPO model, a sustainable method of project financing in which consumers may participate by becoming delegators.

Flickto has risen week by week to around 200 delegates in its pool since its start on November 1st. Over 1.5 million ADA are now staked in Active Stake.

Users who engage in project voting are rewarded for their efforts and receive a portion of the distribution royalties from successfully supported projects. In this sense, both the ADA and FLICK tokens benefit all users by rewarding them for their engagement.

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The project Flickto is presently in the private selling stage. The private sale is open to investors who intend to invest more than $500 (acceptable in all major cryptocurrencies) in the project. This weekend marks the start of the second phase of the private sale.

Flickto Media has announced that it will IDO on KICK.io, a Cardano-based blockchain fundraising platform.

FLICK will be listed on major controlled and decentralized exchanges in the future to guarantee that the token is evenly distributed across the crypto market and available for purchase by individuals who want to join the community. FLICK holders will be able to stake their tokens for additional incentives as well.

FLICK has a total supply of 5,000,000,000, with a public distribution of 65 percent. Flickto has completed an airdrop of two NFTs for ADA delegators in the Flickto ISPO pools, so users are now getting rewarded.

New Study Suggest Ethereum may be a better inflation hedge than Bitcoin

By
Christian Allen Tandoc
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The case for Bitcoin as an effective inflation hedge has been made for a long time, and so far, the digital asset has not disappointed those who have invested in it. Bitcoin’s gains over the last several years have been significantly more than the rate of inflation, which is now at over 6% and is expected to rise even further in the coming months. This has cemented the asset’s status as the best inflation hedge.

However, Bitcoin has found a new rival for this distinction. Ethereum is the second-largest cryptocurrency by market capitalization and has outpaced bitcoin year over year. The digital asset does not yet command the same level of respect as bitcoin, but a recent study suggests that this will change shortly. According to the research, Bitcoin may be supplanted as the best inflation hedge by Ethereum.

According to a new study conducted by scholars from the University of Sydney and Macquarie University, Ethereum has the potential to overtake Bitcoin as the leading inflation hedge. The researchers said that as cryptocurrencies grow more prominent, investors increasingly see them as a superior hedge than gold, particularly bitcoin.

Bitcoin vs. Ethereum: 10 experts told us which asset they'd rather hold, and why | Currency News | Financial and Business News | Markets Insider

The rate of inflation has recently alarmed investors as the Fed has gone on a printing spree. There have been requests to halt the printing rate, but it has remained unabated, leading inflation rates to skyrocket. This is not just a problem for the United States. Other nations throughout the world are experiencing comparable or even greater rates of inflation. This has fueled cryptocurrency growth as people and organizations seek to capitalize on their high return rate.

According to the Australian experts, Ethereum’s recent developments indicate that it may eventually outperform Bitcoin. The blockchain, according to the research, demonstrates that cryptocurrencies may become deflationary, pointing to the upgrade to ETH 2.0, which is slated to take place sometime in 2022.

It is no secret that rising inflation rates have played a significant role in driving crypto adoption over the last year. Experts have warned of the effects of high rates, such as a rise in food costs and common things, which is already happening.

Ethereum price chart from TradingView.com

Gold has gone out of favor as a tool for the common individual to protect themselves against inflation. For the longest time, the shining rock was the favorite way of inflation hedging among investors, but given the asset’s constant negative returns in recent years, it no longer fulfills the function for which it was so widely wanted.

Aurory Project Releasing New Staking Dashboard Soon

By
Christian Allen Tandoc
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The much-anticipated Aurory staking dashboard will be online in December. The new version will be an improvement over the pilot, with customers able to enjoy a more user-friendly dashboard and the possibility to lock $AURY to earn even more.

Staking is one option for participants to boost their revenue on the site. The pool now has roughly $60,000,000 invested in it, with an APR of 28%. The $AURY token is a Solana Programming Library (SPL) token that serves as the ecosystem’s primary currency. The cryptocurrency is presently available on FTX, Kucoin, Orca, and Raydium, with plans to offer it on other exchanges.

The Aurory Project is a blockchain-based gaming platform that intends to raise the bar for play-to-earn gaming by delivering unique and appealing gameplay while simultaneously cultivating virtual in-game economies.

Aurory on Twitter: "Sneak peek of out multiplayer battles, here is what would happen if @SBF_FTX met @aeyakovenko in a ranked game!🤝 Video soon... 🎥🧐 https://t.co/uxHJKroExa" / Twitter

Their objective is to decrease the entrance barriers to web3 gaming while also closing the quality gap between web2 gaming and currently available play-to-earn games. They intend to provide a friendly, instructive, and fully functional blockchain gaming platform that will draw participants from the Solana ecosystem and the (crypto) gaming industry.

By building features with the support of DAOrory, the community will also play an important part in helping to enhance brand growth and the development of succeeding games. DAOrory is a Decentralized Autonomous Organization made up of all Aurory NFT holders.

This organization aims to disburse funds to Solana-based NFT initiatives to develop a treasury controlled jointly by its members. The Solana blockchain is excellent for play-to-earn games since it is incredibly quick and cheap to use, has a strong ecosystem momentum, and has a trustworthy team behind it in terms of technical brilliance.

While other blockchains attempt to stay industry-agnostic, Solana devotes significant work and money to developing tools and infrastructure to serve the demands of gaming companies developing games with complicated real-time economies and systems.

What is Aurory

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Aurory Project is a blockchain game studio and one of the Solana ecosystem’s early adopters of incentivized, blockchain-based gaming. Gamers may earn NFTs and prizes in $AURY tokens, which can be staked for yield rewards, utilized in games, or sold on the marketplace.

Aurory sets the bar for play-to-earn games by developing creative and appealing gameplay while simultaneously cultivating virtual in-game economies. The company’s goal is to promote the global acceptance of cryptocurrencies.

This is accomplished by introducing players to the blockchain through incentivized gameplay, decreasing entry barriers to web3 gaming, and working hard to bridge the gap between web2 and play-to-earn gaming.

New Team

  • Stephan Carmignani is a 22-year-old creative director. He has worked with Infogrames/Atari, Ubisoft, Eidos, Electronic Arts, Warner Bros., and Rovio.
  • Simon Lallemand is a 15-year-old environment art director. Previously, he worked for Ubisoft and Gameloft.
  • Thomas Destugues is a 13-year-old lead 3D animator. He formerly worked with Ubisoft and Ludia.
  • Claire Deberle is an animation director with 11 years of expertise who formerly worked at Ubisoft.
  • Jonathan Campeau: Executive Producer with 18 years of expertise who previously worked at Ubisoft, EA, Gameloft, Minority, and was the Head of Production for various Assassin’s Creed and Far Cry versions.

Aurory Project is producing a two-part game with a staff of 28 individuals, mostly from AAA firms. A single, free-to-play PvE experience to get as many people into the game as possible, as well as a competitive multiplayer (PvP) mode where Neftie trainers (players) may battle it out in the arena.

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A player can participate for free in both the PvE and PvP environments and receive prizes. While finishing the campaign in PvE mode, players can win NFTs and $AURY tokens. The top performers in the PvP mode will appear on the leaderboards and get awards based on their rank. All awards in NFTs and $AURY may then be utilized to improve the game’s experience and performance or sold on the market.

They have an experienced group of advisers in addition to their outstanding development staff. Tristan Yver, the head of strategy of FTX US, is one of the primary consultants. He contributes his experience to propel Aurory Project forward.

Solana now funds them; Alameda Research, CMS Holdings, and Jump Capital have piqued the interest of significant industry players and have partnered with TSM FTX, a global pioneer in esports. It released its first NFT collection designed by Aurory due to the collaboration.

Simple Moving Average Indicators: Tips For Beginners

By
Christian Allen Tandoc
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Candlestick formations are commonly utilized in the cryptocurrency market to assess price movement in various directions within a shorter duration. However, this strategy makes it impossible for traders to discern the broader daily trend spanning highs and lows on decentralized exchanges like Curve Finance. This is where the bitcoin moving average is the most popular technical indicator tool among crypto investors.

The bitcoin moving average is well-known for its ease and dependability, and it allows traders to capitalize on the momentum of their preferred crypto asset. Averages, unlike candlestick formations, are represented by simple lines, making it exceedingly simple for anybody to determine each currency’s movement. These simple lines reflect whether the values of various coins are rising, falling, or remaining stable.

The simplest moving average is known as the simple moving average, and it uses just simple lines to represent data. Each simple line depicts the price of a cryptocurrency at the conclusion of each trading day or for a certain time period. A trader finds the average of a crypto coin’s closing values over a period of time when using this form of bitcoin moving average.

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The simple moving average uses a limited data collection to display the average price in a more dynamic line. Furthermore, this moving average takes into account all prices equally, allowing investors to determine the true average of the prices for themselves. Because long-term investors look at specified time horizons, the simple moving average has become quite popular.

While some consider these moving averages to be the most user-friendly, their intrinsic simplicity is seen to be their major flaw. Many crypto trading professionals believe that when data points are allocated the same weight, the outcome of each one is influenced equally. Regardless of the duration of each simple moving average period, investors who use this strategy are constantly concerned about erroneous findings.

Simple bitcoin moving averages come in three varieties: 50-, 100-, and 200-day moving averages. The 50-day moving average is good for evaluating short-term market confidence since it provides an accurate depiction for 24 hours. Trading alongside a trend is favored in this context since it is more predictable than trading sideways.

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The 100-day moving average is ideal for medium-term momentum traders since it characterizes rapid or reverse market moves. Prices above the 100-day term, like the 50-day term, suggest a bull market, while prices below imply a bear market. Movements in this term are more pronounced, particularly in response to important political and social events that directly impact the economy.

The 200-day simple moving average often used to assess long-term trends, is the last simple moving average. This does not notify a trader where and when it is highly recommended to purchase and sell a coin. Instead, it advises consumers if a certain cryptocurrency is worth sticking onto for the time being or whether it should be traded for another one.

Is technical analysis useful? Absolutely! There are several approaches for all new traders to grasp how and where they may profit from trading. Technical indicators, such as the moving average, are simply one of many things they may explore for free. Simply making sound judgments may propel a novice investor to amazing success.

Jack Dorsey Now More Focused On Bitcoin After Resigning As Twitter Head

By
Christian Allen Tandoc
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When Jack Dorsey revealed that he would be stepping down as CEO of Twitter on Monday, everyone was taken aback. The long-time CEO of the firm he created had led it to new heights, making it one of the social media behemoths. However, it appeared that his tenure was coming to an end when he announced his resignation and that software developer Parag Agrawal would take over.

The reason for Dorsey’s decision has sparked discussion in the cryptocurrency community. Many speculated that the ex-CEO, who has been highly involved in the crypto area, would stepping down as CEO of Twitter to focus more on his other crypto-focused projects, including Bitcoin. According to Square’s most recent release, this has proven to be the case.

Square Inc., like Square Crypto, has changed its name to Block. On Wednesday, a press statement announced the name change. This was done to distinguish the corporate body from its other operations. With the name change, there will be no organizational adjustments. Square Inc. (now Block) will continue to function as usual, as will all of the brands that fall under its umbrella.

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Dorsey, who just departed Twitter, appears to have assumed sole responsibility as CEO of Block. Dorsey stated in the statement, “We established the Square brand for our Seller business, which is where it belongs.” Block has a new name, but our goal of economic empowerment hasn’t changed. We will continue to design tools to assist broaden access to the economy, regardless of how we grow or evolve.”

Square Crypto has announced that it would be completely rebranded. The company’s name was changed from Square Crypto, which has become a well-known name in the crypto field, to Spiral as part of this rebranding. The firm noted in the release that the redesign was long overdue, adding that “Square Crypto was never the appropriate name for our team.”

Bitcoin price chart from TradingView.com

The name change was made in an effort to remove the direct link between the firm and its corporate patron. This will allow Spiral to stand independently without being constantly identified with its corporate sponsor.

The process of selecting a name turned out to be considerably easy than most. Aside from the fact that “it looked and sounded the coolest,” there was no deeper purpose behind the name, in addition to the blue spiral being the company’s preferred emoji from the start.

As the year draws to a close, businesses have begun to make preparations for the following year. The year 2022 will be a year of expansion for Spiral, as it will be working on a variety of initiatives in the new year. Spiral (previously Square Crypto) intends to quadruple the number of full-time developers in the coming year to accomplish this.

The Lightning Development Kit (LDK), the Bitcoin Development Kit (BDK), the grant program, and the Bitcoin Design Guide and Community are among the initiatives on which the developers will be working. Spiral’s purpose has always been to attach the Lightning Network to anything as simple as possible, and these initiatives help achieve that goal.

Facebook Retracts Ban Of Crypto Ads

By
Christian Allen Tandoc
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Cryptocurrency advertising on social media has been a big issue throughout the year. Over the years, we’ve covered a lot of the back and forth at Bitcoinist and its sister network NewsBTC.

In recent months, Google modified their cryptocurrency ad policy, demonstrating a minor boost in favorability when it comes to crypto platforms advertising on Google channels.

Now that Facebook has been rebranded as Meta, it is making it simpler for crypto platforms to place adverts on its social media channels.

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For some years, Facebook has been involved in the cryptocurrency discourse. Last month, the company’s rebranding to Meta created a metaverse frenzy in crypto, and Meta CEO Mark Zuckerberg has long expressed a desire to establish something more than a social networking platform.

However, thus far, attempts have largely failed. Both the company’s piloting wallet project, Novi, and the unannounced crypto project Diem (a rename of a former Facebook token project, Libra), have received significant resistance from U.S. government officials. Libra made its debut in the market in 2019. Furthermore, as mentioned above, the inventor of the pilot has informed the company that he would be leaving, adding to the firm’s future issues.

However, this week’s move demonstrates that Meta still has a genuine interest in expanding crypto involvement – in some manner.

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What has truly changed here? Previously, Meta demanded potential crypto marketers submit an application that contained any licenses, public stock listings, and other specific information. With this week’s update, crypto exchanges and wallets will be able to advertise on the platform even if they only have one of a possible 27 regulatory licenses. To begin the month of December, the news was made via a blog post on the platform’s website.

Looking back in time, cryptocurrency advertising, in general, is undoubtedly at its height. Social media sites are growing more amenable to more liberal crypto policies, and large exchanges are establishing themselves and investing significant marketing resources.

Will this be the first step for Meta in reversing its years of misery and blunders in the crypto space?

Deloitte Predicts That Sports NFT Will Have A Better Year In 2022

By
Christian Allen Tandoc
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Non-fungible tokens (NFTs) have made significant inroads into this year’s sports business. Sports NFTs, according to the international professional services network Deloitte, are not going away. According to forecasts made on Wednesday by the consultancy firm, sports-related NFTs will account for more than $2 billion in transactions next year. This number almost doubles the value for 2021.

The NBA Top Shot, an NFT-enabled digital transformation of NBA sports memorabilia, has prompted other sports to start their markets. It continues to engage sports lovers worldwide with its most recent unique cooperation with Infinite Objects. With this collaboration, Top Shot owners will be able to immortalize their favorite clips in the real world by using fully licensed looping video frames from Infinite Objects.

Dapper Labs, the firm behind the popular fantasy basketball NFT game NBA Top Shot, is now developing a platform akin to the NFL. The football league will not be left out of the NFT frenzy. This season, it provides fans with NFTs in exchange for their ticket stubs.

Deloitte’s estimate is not far-fetched since more and more leagues engage fans through NFTs.

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In an interview with Sportico, Deloitte U.S. sports practice lead Pete Giorgio discussed the potential of NFTs in sports in the coming year. According to the consultancy firm, up to five million sports enthusiasts would be interested in crypto-collectibles by the end of 2022.

“In many respects, NFTs are simply the tip of the iceberg in terms of what can be done with both crypto and blockchain technology,” Giorgio remarked. “It will be intriguing to see what else corporations do with those technologies when they begin to adopt them.”

Giorgio also discussed how the sports sector would adapt to the future online:

“I believe sports organizations are among of the most adaptive organizations you’ll come across. Once the industry realizes the magnitude of the potential, I believe they will move fast and embrace it…. When you start to see the pendulum swing, I believe you’ll be astounded at how rapidly the industry pivots.”

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Deloitte launched a collaborative agreement with Ava Labs last month to leverage the Avalanche blockchain to make it easier for state and municipal governments to show their eligibility for federal disaster funds.

Following the news of the cooperation, the price of the cryptocurrency Avalanche (AVAX) reached a new high. On November 21, it broke into the top ten cryptocurrencies by market capitalization, achieving a new high of $144.96.

Deloitte intends to use the Avalanche blockchain to improve the security, accuracy, and timeliness of financing for the Federal Emergency Management Agency.

Xinfin Network Preparing To Release Most Anticipated Andromeda Upgrade

By
Christian Allen Tandoc
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The Xinfin Network’s Andromeda Upgrade is complete. According to BlocksScan.io, the XDC Network will launch its XDPoS consensus protocol on December 1, 2021, at block 38383838. The protocol team of the Apothem network tested the upgrade on the Testnet, and this enhancement will benefit XinFin’s Mainnet.

This will bring Solidity up to version 0.8.x. That is, the XDPoS EVM will use Solidity 2.0. (Ethereum Virtual Machine). XinFin’s ecosystem partners and internal products may use many EVM chains without much adjustment.

This change will also have an impact on how fees are calculated. Instead of the miners, the owner will now get transaction fees. Eth chainId avoids transaction replay, which improves system security. Detecting malicious nodes necessitates military-grade security and forensic monitoring. The XDC Network upgrade employs the most modern BFT consensus process to provide military-grade security and performance while consuming little resources.

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The Mainnet upgrade greatly lowers block creation delays caused by a large number of miner addresses. Owners of XDC who use Guarda or other wallet providers or exchanges do not need to do anything. Changes to wallet or exchange services will be disclosed to investors.

Owners of XDC master nodes must keep them up to date. As a result, the network encouraged customers to update to the most recent version by following the instructions outlined in their official notice. Masternode owners may get help with node updates by joining the Slack group, Telegram channel, or live assistance on Zoom.

Furthermore, no changes will be made to current stakes, ledger states, or XDCs. The update impacts APIs and data and browser, wallet, and exchange connections. The XDPoS1.0 public ledger will grow following the update. As a result, Xinfin consumers should expect a seamless and clear update process.

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This significant enhancement will assist Ethereum EVM projects in migrating to the XinFin Network. The block network uses 99 percent less energy and nearly no gas than the PoW network. Furthermore, the 2-second block finality process outperforms the standard block finality times of other PoW-based networks, which might take several minutes.

This improvement is the culmination of years of study and development. All of the upgrading information were revealed in a paper. Pramod Viswanath, Gerui Wang, Liam Lai, and Fisher Yu are taking part. DPoS 2.0 is a proposed decentralized consensus engine for the XDC Network.

The advantages of the XinFin XDC Network over Ethereum have attracted more projects. Two additional DEXs that list all XRC20 Tokens will be added to the XDC Network in the near future. BlockScan Explorer has confirmed 500+ contracts and 1 million active wallets on the network.

Crypto.com Obtains A Couple Of IG Group Trading Platforms In $216M Deal

By
Christian Allen Tandoc
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0
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Crypto.com has been on a marketing tear recently and shows no signs of abating. The initiative had stunned the market by acquiring Staples Center in a deal that saw the renowned venue renamed Crypto.com Arena. Given how well its native token CRO has performed in the market, the wave of promotion has so far paid off.

Crypto.com’s winning run continues with another agreement with IG Group. The agreement this time includes the acquisition of two additional trading exchanges. This would aid in the acceleration of the cryptocurrency, which is now one of the fastest-growing cryptocurrencies in the market.

On December 1st, Crypto.com stated that it had achieved an agreement with IG Group to acquire two exchanges. The two exchanges were designated as Nadex and the Small Exchange. Both exchanges provide clients with a variety of services, with Nadex functioning as a U.S.-based and retail-focused regulated online exchange and clearinghouse for derivative goods and the Small Exchange operating as a futures exchange for retail users as well.

Crypto.com price chart from TradingView.com

Crypto.com finalized the acquisition of both exchanges from IG Group for an estimated $216. IG Group owns Nadex; however, it only has a 39 percent ownership in the Small Exchange. The purchase will be paid for in cash and is scheduled to conclude in the first half of 2022, subject to certain criteria such as regulatory approval.

With the acquisition of both exchanges, Crypto.com will provide customers in the United States the ability to trade on certain derivatives and futures products. It is the next phase in Crypto.com’s development into the industry and bringing crypto services closer to its clients.

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Kris Marszalek, CEO & Co-Founder of Crypto.com, said:

“Our goal as a platform is to offer our customers a trusted, secure, and regulated platform with world-class tools to achieve financial independence. This proposed acquisition builds on that promise and will give our customers access to an entirely new set of financial tools to complement our current offering.”

After the transaction is completed, the CEOs of both exchanges, Travis McGhee and Donald Roberts, will continue in their positions. Both firms, however, will operate under the Crypto.com name.

June Felix, Global CEO of IG Group, expressed her delight with the transaction, saying, “This is a terrific agreement that benefits all parties.” Nadex and the Small Exchange are powerful, creative companies, and we are glad that Crypto.com sees their potential. This will be a thrilling time for clients and everyone associated with the company.”

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