Japanese investment company Metaplanet has announced its participation as a member of the Bitcoin For Corporations initiative. This program will offer strategic partnerships to grow Bitcoin adoption and inclusion globally. This year, Bitcoin adoption has surged due to the increased presence of traditional players.
Metaplanet Participates in Bitcoin For Corporations
The Bitcoin-friendly company disclosed its decision to become a founding member of the organization. In a July 30 release, Metaplanet joined the group launched by MicroStrategy and the Bitcoin Magazine. According to the release, the group aims to improve Bitcoin adoption and integration globally to foster its use cases.
“Metaplanet Inc. is pleased to announce its participation as a founding member of the Bitcoin for Corporations initiative, launched by Bitcoin Magazine and MicroStrategy. This initiative is designed to provide comprehensive resources and educational content to corporate leaders promoting the adoption and integration of Bitcoin on a global scale.”
The post Just-In: Metaplanet Joins ‘Bitcoin For Corporations’ to Drive Adoption appeared first on CoinGape.
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One of the markets that have a lot of potentials to take off in October is the NFTs market. That’s because some of the largest corporations in the world are getting into NFTs, and that means not just the potential for value growth but also FOMO. That’s why as we head into the new month, it makes sense to start scouting for top NFT cryptocurrencies that stand to make the most gains heading into the new month.
To do this, you need to look at where the big corporations that have an interest in Web 3.0 and specifically NFTs are placing their bets. Among the corporations that are setting the narrative are Disney, Apple, and Mastercard.
Disney recently announced an accelerator program for Web 3.0 projects. On its part, Apple has announced that developers can buy and sell NFTs through the App store, a big move given the huge number of people that use the Apple Store. Mastercard has not been left behind either and has announced that its European clients who are invested in top NFTs like crypto punks can now customise their cards and also stake Hi tokens via Mastercard Debit cards.
Going by the moves that the big corporates, here are three NFT and Web 3.0 cryptocurrencies to watch in October.
ApeCoin (APE)
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Nexo
Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.
ApeCoin (APE) makes it to the top of NFT cryptocurrencies that could do well in October 2022, and for a good reason. The move by Mastercard for NFT customised debit cards, more specifically, Crypto Punks is likely to trigger speculator interest in ApeCoin. That’s because it is the cryptocurrency associated with the Crypto Punks and Bored Ape lines of NFTs. As such, if speculators expect ApeCoin to benefit from the excitement around the MasterCard news, APE could rally purely on FOMO.
Polygon (MATIC)
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
With all the excitement around NFTs especially in the entertainment world, investors are likely to start looking into cryptocurrencies that are on the radar of big corporations. Polygon is one of those that have in recent times attracted the attention of a strategic corporation, and that’s Disney.
A while back, Polygon hit the news after it was included in Disney’s accelerator program. The move was part of Disney’s broader strategy of getting into crypto, and more specifically in Web 3.0. As such, if there is FOMO around NFT cryptocurrencies in October, Polygon (MATIC) is uniquely positioned to benefit.
Sandbox (SAND)
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
Sandbox (SAND) is also likely to be on speculators’ radar thanks to recent moves by music powerhouse Warner Music. Warner Music has announced that it is partnering with OpenSea to let artist sell their music as NFTs. This is a big deal for Sandbox because Warner Music already has a music Metaverse on Sandbox.
In essence, as the company continues to grow its virtual world presence, so will the value of its Metaverse. This news is likely to create speculator excitement around Sandbox not just in October but for many months to come. If the broader market turns bullish in October, Sandbox could end the month up by double or triple digits.
FN Media Group Presents USA News Group News Commentary
VANCOUVER, BC, April 19, 2022 /PRNewswire/ — USA News Group – A new law is giving hope in Ukraine to gaining more donations, officially legalizing transactions involving a variety of crypto and digital assets from Bitcoin (BTC) to Dogecoin (DOGE). The move went one step further than El Salvador, which recently legalized only BTC transactions, giving rise to viral photos of receipts from people buying meals from McDonald’s Corporation (NYSE:MCD) with BTC. But that wasn’t enough for Tesla, Inc.’s (NASDAQ:TSLA) Elon Musk, who famously tried taunting McDonald’s into accepting Dogecoin. In the case of DOGE, corporations are beginning to accept it, including theater chain AMC Entertainment Holdings, Inc. (NYSE:AMC) and Petco Health and Wellness Company, Inc. (NASDAQ:WOOF). Both BTC and DOGE require miners to create new supply, and while there are several BTC miners on the market, the first to primarily mine Dogecoin is livestreaming and DOGE mining platform Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF).
In May of 2021, Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF) made history when it became the market’s first listed company focused on DOGE mining. Reaction to the announcement was swift, causing a surge in traffic so heavy it temporarily caused a website outage.
The popular livestreaming platform allows its users to take part in the mining process by either owning or partly-owning crypto mining rigs.
The decision paid off for Hello Pal and its profitable livestreaming platform, as the addition of Litecoin/Dogecoin mining rigs delivered strong additional revenues. Since then, Hello Pal has continuously added to its fleet of Antminer L7 mining rigs up to its current total of 400.
“Our livestreaming operations continue to deliver strong operating results as we continue to diversify outside of China,” said KL Wong, Founder and Chairman of Hello Pal. “With the acquisition of the highly sought after L7 miners, we are excited to become a North American miner.”
Expanding beyond its North American mining operations, and its predominantly Asia-focused livestreaming platform, Hello Pal signed a letter of intent with one of Europe’s largest non-custodial crypto wallet providers by user numbers, UniCrypt.
Based in Switzerland, UniCrypt provides wallet and crypto-based remittance services to more than 14 million clients world-wide.
For Hello Pal, a key advantage to utilizing UniCrypt services is the seamless onboarding of new users due to its efficient and easy to use registration process. This advantage will be crucial in Hello Pal’s plans to integrate cryptocurrencies into its overall Hello Pal Platform, and especially in its livestreaming services.
As Hello Pal’s livestreaming operations continue to expand to new markets, the ability to carry out cross-border payments becomes more and more relevant, lending credence to UniCrypt’s services leading to a distinct advantage.
“We are tremendously excited at the prospects which this collaboration will bring to our efforts in increasing cryptocurrency usage among not only Hello Pal users, but to the world at large,” said KL Wong. “With UniCrypt’s ability to easily onboard new users and generate segregated wallets, we aim to provide many users across the world with their first cryptocurrency experience and introduce them to an international social community with a borderless payments system.”
In January of 2022, Elon Musk, CEO of Tesla, Inc. (NASDAQ:TSLA) made headlines tweeting that he would eat a Happy Meal on TV if McDonald’s Corporation (NYSE:MCD) begins accepting Dogecoin as a form of payment.
“Dogecoin is the people’s crypto,” said Musk in a Tweet.
While DOGE users can not yet buy one of Musk’s vehicle with “the people’s crypto”, they can use it for some Tesla merchandise, such as the Giga Texas belt buckle and mini models of electric vehicles.
McDonald’s has not yet signalled that it will take Musk’s tweet seriously. However rival MrBeast Burger, an American delivery-only fast-food chain run through the ghost kitchen model, jumped to the occasion.
Answering the call, founder and internet personality Jimmy Donaldson (AKA MrBeast) tweeted, “@elonmusk if you retweet this we will work on accepting Dogecoin.”
No strangers to internet popularity and the power of memes, AMC Entertainment Holdings, Inc. (NYSE:AMC) officially began accepting both Dogecoin and rival dog coin Shiba Inu as crypto payments at its theater chains. The largest movie exhibition company in the US, Europe and the world, AMC owns or operates approximately 950 theaters and 10,500 screens globally.
Aron previously announced that AMC accepted four cryptocurrencies: bitcoin, bitcoin cash, litecoin, and ether. However, customers could only pay with those cryptocurrencies through their Paypal accounts.
Since he put up a Twitter poll about dogecoin last September and a subsequent poll for Shiba Inu a month later, CEO Adam Aron has promised the crypto community that his company’s theaters will accept DOGE and SHIB payments. Aron also said in February that the crypto payment option will be live on the company’s mobile apps by April 16 or a few days earlier.
Since May of 2021, Thanks to the use of a smartphone app called SPEDN from cryptocurrency payment processing startup Flexa, pet owners can show their love of dog-themed digital coins by using them to purchase supplies at Petco stores, under parent company Petco Health and Wellness Company, Inc. (NASDAQ:WOOF).
By accepting both Dogecoin and Shiba Inu, Petco now has the ability to incorporate this ability into its marketing campaigns, which it has yet to do.
“Petco is on one of the steepest growth trajectories in all of retail, supported by our position as the only fully integrated provider of pet health and wellness across products, veterinary and services, digital, and in brick and mortar channels,” said Ron Coughlin, Chairman and CEO of Petco. “We are defining the future of pet parenting in an incredibly high growth and economically resilient category. Our ecosystem is built to capture the market opportunity and positions us as a leader of what we call Retail 3.0.”
For more information go to: https://usanewsgroup.com/2020/11/16/live-streaming-is-taking-the-market-by-storm/
Article Source:
USA News Group
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- Ethereum’s market cap sits at $360.37 billion which is larger than the valuation of top brands in the world.
- Since launch, the asset has played second fiddle to Bitcoin and has had to grapple with some of the sternest challenges that threatened its existence.
- The community is confident that the dark days are over and brighter days are just over the horizon.
Ethereum, the unofficial home of NFTs, Dapps, and DeFi, has a large market cap thanks to the integral role it plays in the cryptocurrency ecosystem. However, it is at a precarious slope in its existence but the general sentiment remains bullish.
Ethereum Is Bigger Than The Big Brands
In the last few years, the Ethereum network has grown in leaps and bounds, reaching an all-time high of $4,891 in November 2021. Since achieving this feat, ETH has fallen by 40% and currently trades at $3,014 which gives it a market capitalization of $360 billion and the title of the second-largest cryptocurrency.
Ethereum’s market cap is larger than Toyota, Shell, Disney, and Nike, which are all entities far older than Ethereum. Toyota and Shell have a valuation of $275.35 billion and $194 billion respectively, while Disney and Nike are worth $256 billion and $234 billion. Ethereum’s growth in recent years is tied to the growing global adoption of cryptocurrencies that have seen the entire asset class reach highs of nearly $3 trillion.
Apart from the general growth of the ecosystem, Ethereum’s design makes it the melting pot for DeFi with several protocols leveraging on the network’s offerings. Dapps and NFTs had their big break on Ethereum as developers and creators flocked to the space. It would be wrong to assert that Ethereum’s journey has been smooth sailing all the way. Transaction volumes on the Ethereum network spiked, leading to network congestion and skyrocketing gas fees that threatened the essence of the network.
In November, the average transaction fee on the Ethereum network stood at just over $50, causing angst to users. In the wake of soaring gas prices, competing blockchains like Cardano, Solana, Binance Coin, and Polkadot seized the chance to close the distance between them and Ethereum.
The Ace Up The Sleeve
Ethereum’s community is brimming with confidence that the network’s woes will be behind it soon. The plan to migrate from Proof-of-Work to Proof-of-Stake is expected to kill two birds with the same stone by making it energy-efficient and also help in the reduction of gas fees.
Plans for the transition are already at an advanced stage and bulls are rubbing their hands in glee over an anticipated spike in the value of the asset.
ETHUSD Chart by TradingViewAs the price hovers around $3,000, the general sentiment is that ETH is undervalued as a litany of predictions have been floated around that the asset was headed to $10,000. A botched transition could be fatal for the network as the competition between it, Solana, Polkadot, Cardano, and other ETH Killers have reached a heightened crescendo.
Source: https://zycrypto.com/ethereums-market-capitalization-trumps-worlds-top-corporations-but-it-has-not-always-been-sailing-smooth/
]]>Is your company ready to buy the Bitcoin dip? Saylor and Dorsey will give you the 411 for free.99. The MicroStrategy World annual conference goes live on February 1st. Learn directly from these two titans of the industry, who have definitely been among Bitcoin’s main proponents and promoters over the last few years.
Michael Saylor has led by example, buying every dip, and is a constant presence in mainstream media. His interviews are more like classes and the attention they get is outstanding. Jack Dorsey, for his part, left Twitter to focus on Bitcoin. Since then, his Block company announced several projects that’ll definitely strengthen the Bitcoin network.
About the MicroStrategy World conference, the press release promises it’ll be “focused on Enterprise Analytics and Bitcoin for Corporations. World 2022 is 100% virtual, and—for the first time ever—access to all sections of the conference is free of charge.” That’s an unbeatable price.
What Will Saylor And Dorsey Talk About?
The conference has two sides, two different events that showcase MicroStrategy’s duality:
“The Enterprise Analytics event will introduce bold new ways to think about analytics and business intelligence, and showcase organizations who’ve used data as a strategic differentiator. The Bitcoin for Corporations event will explore the various benefits of incorporating Bitcoin into corporate initiatives.”
Join me and Keynote Presenter @jack at the 2nd Annual Bitcoin for Corporations Feb 1 & 2. This free, virtual conference is a must for any corporation considering integrating #Bitcoin with their products & services, or adding #BTC to their balance sheet.https://t.co/V9fIkv633q
— Michael Saylor
(@saylor) January 20, 2022
As you might expect, NewsBTC will focus on the second event. It’s important to say that both Dorsey and Saylor’s companies have Bitcoin on their balance sheet. These two put their money where their mouth is, and then some. In any case, what does MicroStrategy World promise?
“An in-depth discussion on Bitcoin between two visionary voices: Jack Dorsey, CEO of Block, Inc., and Michael Saylor, CEO of MicroStrategy Inc. This session will be followed by a discussion on Bitcoin Treasury with Phong Le (President and CFO, MicroStrategy). Bitcoin for Corporations will also feature live interviews with industry experts from Coinbase, Deloitte, Fidelity Digital Assets, Genesis, Jefferies, NYDIG, Paxos, and Silvergate Bank.”
It’s noteworthy that Fidelity Digital Assets recently shocked the world by predicting more countries and probably a Central Bank or two would add Bitcoin to their balance sheet in the next few years. Christine Sandler, Fidelity’s Head of Sales & Marketing, will represent the company at the conference.
Saylor ’s Recent Bitcoin History
Since MicroStrategy first added Bitcoin to its balance sheet in August 2020, the company has increased the bet every few months. They issued common stock. They sold stocks. They bought, and bought, and bought, and bought. In a recent interview, Saylor explained the strategy and NewsBTC reported:
“Look, our long term strategy is kind of like Harvard University. We’re running a university but we have an endowment. MicroStrategy is selling enterprise software. We generate $100 million in cash flow a year – in a good year – and we are reinvesting that cash in our endowment. Our endowment is 100% bitcoin.”
Saylor adds that MicroStrategy plans to acquire and hold bitcoin as a balance sheet. As for the operations, the company will continue to sell its enterprise software everywhere in the world.”
Related to this, about MicroStrategy’s free conference, Saylor said:
“We have gained a wealth of experience and expertise innovating our treasury strategy and evolving our corporate bitcoin acquisition strategy. And we’re pleased to be in a position to share our knowledge—via this curated event—for corporations looking to pursue similar strategies and bold initiatives.”
Dorsey’s Recent Bitcoin History
For his part, Dorsey’s strategy is much different than Saylor’s. He’s working in infrastructure. Dorsey’s fortifying the network’s weak parts. Among other things, Block announced they’re building a decentralized Bitcoin exchange called tbDEX. Released the Lightning Development Kit. And announced they’re working in an open-source ASIC miner.
On a personal level, Dorsey and rapper Jay-Z put 500 BTC in a blind trust to promote Bitcoin development in Africa and India. And created the Bitcoin Defense Legal Fund to protect developers from all kinds of lawsuits.
BTC price chart for 01/21/2022 on Gemini | Source: BTC/USD on TradingView.com
The Price Of Bitcoin
Despite Saylor’s and Dorsey’s efforts, Bitcoin is bleeding. On one hand, Proof-Of-Stake proponents straight up lied before U.S. Congress in a hearing about Proof-Of-Work’s environmental risks. On the other, there’s a rumor that Russia is considering banning Bitcoin in some capacity. Both of those situations caused panic in the market, and Bitcoin’s price is currently 40% lower than the ATH of $69K.
Will Michael Saylor buy the dip?
Featured Image: screenshot from the conference's website | Charts by TradingView