Blockchain CEO Predicts Big Things Ahead for Bitcoin This Year 460

The CEO of Blockchain recently appeared in an interview to discuss the current state of the cryptocurrency industry, highlighting institutional interest as the primary talking point.

Peter Smith: We Will See Positive Consolidation Over Q3 Of 2018

In a Bloomberg interview conducted on July 20th, Peter Smith, the CEO of the popular crypto infrastructure firm Blockchain, commented on Bitcoin’s most recent run-up. When asked if the move past the $6,800 and $7,000 resistance levels was the “beginning of something longer term,” Smith said:

“I think over the past couple of years we’ve seen a lot of really rapid increases, and really rapid decreases, then a sort of a slow consolidation of the market. I think we are seeing another slow consolidation in the market now and we are likely to see a very sort of moderate or positive price consolidation over the next quarter.”

In other words, the CEO noted that Bitcoin may begin to see a gradual increase over the next few months, possibly indicating that he sees volatility decreasing in this industry.

Speaking more on this prediction, Smith cited reasons of higher levels of regulatory clarity, which was brought about by the countless developments made over the past year as Bitcoin hit the mainstream.

Blockchain’s CEO: Retail Market Is Slowing As Institutional Interest Picks Up

Additionally, the CEO of Blockchain also brought attention to the fact that the institutional “order flow” has begun to increase, while retail investment and interest is starting to die down. He later elaborated on the retail versus institutional comment, stating:

“I think right now you are seeing a pretty slow retail market and historically the market has been led by retail. You are seeing a pretty big uptick in the institutional market and that’s a lot of the reason why Bitcoin is outperforming.”

Smith expects the institutional space to grow further due to new services and platforms aimed at clients from legacy markets. His own firm launched Blockchain Principal Strategies just a few weeks prior to the interview, which aims to be a one-stop shop for institutional clients looking to get their feet metaphorically dipped in the cryptocurrency space.

However, despite holding a positive sentiment regarding institutional involvement overall, Smith expects for institutional impact to arrive over a longer timescale, pointing out the industry won’t see the full effect of these investors until mid-2019.

Bitcoin Market Dominance Rises to 47% As Altcoins Stumble

As Smith stated in the interview, institutions usually make Bitcoin their first cryptocurrency holding, resulting in an imbalance between capital invested in Bitcoin and in an altcoin like Ethereum. He noted:

“Institutions, when they are coming into the crypto market, usually buy Bitcoin first. And so I expect Bitcoin to outperform relative to other major cryptos in the next 6 months.”

As of the time of press, Bitcoin currently sits at the long-awaited $8,000 price level, while its market dominance figure at 46.9%, which is the highest it has been since mid-December of last year.

Brian Kelly, CNBC’s in-house crypto expert, pointed out Bitcoin’s dominance in a “Fast Money” segment on Monday, stating that Bitcoin has begun to bottom and subsequently move upwards due to the widespread speculation regarding the upcoming ETF verdict. Ran Neu Ner, the host of the CNBC Africa’s “Crypto Trader” show also expects for Bitcoin to continue to see a rising dominance figure as the market awaits the ruling, set to arrive sometime in mid-August.

 

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CoinGecko Joins the RFOX VALT as a Marquee Client as It Enters the Metaverse 221

CoinGecko

The World’s Largest Independent Cryptocurrency Data Aggregator to Explore New Opportunities in the Metaverse.

25 November 2021 18:00 Vietnam, Ho Chi Minh (RFOX)—Today, metaverse company RFOX (RedFOX Labs) announced its plans to welcome CoinGecko to its virtual world, the RFOX VALT, as a Marquee Client. The RFOX VALT, a virtual world focused on shopping, retail, and entertainment experiences, will introduce CoinGecko to the metaverse space and offer its users, community, and clients a chance to interact with its products and services in virtual reality (VR).

“CoinGecko, the largest independent cryptocurrency data aggregator, will soon be appearing in the RFOX VALT in VR.”

Founded in 2014, CoinGecko has a mission to democratize the access of crypto data and empower users with actionable insights. In addition to providing valuable insights, cryptocurrency reports, and numerous publications, CoinGecko is also considered a thought leader in the blockchain space, hosting numerous events and meetups globally.

“CoinGecko is truly a market leader in their field and a highly respected company in the crypto space,” said Ben Fairbank CEO and co-founder of RFOX. “We have had nothing but frictionless experiences with the team and have watched their rise over the last few years to become a household name in the crypto market. It gives us great pleasure to see such a progressive company join the RFOX VALT.”

With the recent announcement by Facebook stating they would spend upwards of $10 billion to develop a metaverse, the topic has become hot news globally. For companies like RFOX, who have been building their metaverse since 2018, this is welcome exposure and, more importantly awareness, for new users on what a metaverse is and does.

“The metaverse sector is growing at a very rapid pace. We at CoinGecko are excited to participate in RFOX VALT and build in this decentralized metaverse. We will inevitably be spending a lot of time in the metaverse very soon and can’t wait for this future to come along,” said Bobby Ong, co-founder and COO of CoinGecko.

CoinGecko will join the RFOX VALT Callinova quarter as a marquee client. CoinGecko will be able to offer its products and services to its users through new mediums, including VR.

About RFOX

Based in Southeast Asia and established in 2018, RFOX is a blockchain metaverse company. Building in the fastest growing sectors of the internet economy, RFOX builds interoperable companies and applications that are showcased in a virtual world called the RFOX VALT. RFOX has established ventures in RFOX Games (a play-to-earn NFT Gaming platform), RFOX Finance (DeFi Protocol), RFOX TV, RFOX Media (which acquired MYMEDIA MYANMAR with 13 million active users), and RFOX NFT. The RFOX ecosystem is powered by its currency token RFOX and rewards users through its VFOX rewards token.

About CoinGecko

Since 2014, CoinGecko has been the trusted source of information by millions of cryptocurrency investors. Its mission is to empower the cryptocurrency community with a 360-degree overview of the market. CoinGecko provides comprehensive information from thousands of data points such as price, trading volume, market capitalization, and more. It currently tracks over 11,000 crypto assets from over 500 exchanges worldwide. For more information, visit https://www.coingecko.com.

SpaceSeven to Launch a Game-changing NFT Marketplace 392

SpaceSeven

Switzerland, Zug, 24.11.2021: SpaceSeven — one of the few — if not the only scaled e-commerce, fully regulatory compliant NFT marketplace is expected to launch on November 23, 2021. The groundbreaking platform is built by Tacans, a Swiss-based Software development house, and Venture Builder, with an R&D center in Ukraine, on the Concordium blockchain platform. According to SpaceSeven, this allows the marketplace to significantly lower gas fees — to literally a fraction of the cost of Ethereum or other proof-of-work protocols, however, with transaction speeds that are ten times faster.

Packed with several game-changing features like ‘Universes’ that deliver unique experiences through exclusive customized galleries, SpaceSeven is undoubtedly redefining NFT marketplaces. The marketplace will also allow users to easily add NFTs from multiple networks and supports payment using crypto and credit cards.

Who is Behind SpaceSeven?

SpaceSeven is a multi-blockchain NFT marketplace built by Tacans with Concordium as its primary blockchain. Concordium is ideally suited to host NFTs as it offers 10x faster transactions than Ethereum and has incredibly lower gas fees.

Unlike other blockchains, Concordium is a Reg-DeFi-centric Layer 1 blockchain with an ID layer at the protocol level and fast and real finalization. This gives Concordium a competitive edge, as it is able to deploy a privacy-centric KYT design that protects legit users but at the same time enables it to revoke anonymity of certain transactions if needed.

Concordium’s unique ecosystem has empowered Tacans, the venture builder, to launch SpaceSeven which is an NFT marketplace that is truly sustainable, secure, and regulatory-compliant.

Lars Seier Christensen – Co-Founder & Group Chairman of Concordium and SpaceSeven

“I have been an investor, collector and lover of art for many years. I have never seen a greater opportunity for innovation, reaching new buyers, new creative formats and additional income streams for galleries and artists than the current development in the NFT industry. SpaceSeven is our contribution to this historic opportunity.”

What Problems Does SpaceSeven Solve?

While the growth of the NFT market offers many opportunities, significant challenges still plague the industry. These issues revolve around regulations, high fees, decentralization, security, and sustainability. With Concordium as its primary chain, SpaceSeven hit the ground running with solutions to overcome these challenges.

Regulatory Compliance

Designed with a built-in user identity layer at the protocol level, Concordium ensures that a user’s identity is confirmed and every transaction is trackable. Its Zero-Knowledge Proof design ensures two parties can interact and transact without revealing unclaimed information of the counterparty.

Low and Fixed Fees

Concordium’s transaction fees are well-defined and do not link to the value of an asset. Instead, they are fixed and backed into the protocol. The proof-of-stake model combined with incentive mechanisms ensures that transaction costs stay low and fixed.

Carbon-Net Neutrality

With Concordium’s proof-of-stake model that consumes minuscule amounts of energy compared to other blockchains like Ethereum and Bitcoin, SpaceSeven is proving to be one of the best eco-friendly NFT marketplaces.

Security

For better protection against fraud, Concordium transactions are assigned an encrypted ID. Furthermore, with Concordium’s two-layer consensus design, SpaceSeven remains secure if cybercriminals hijack less than 50% of its stake.

Decentralization

SpaceSeven aims to reduce entry barriers to the NFT market for digital artists, creators, and celebrities. The game-changing features listed above have enabled SpaceSeven to develop a secure, cost-effective, user-friendly NFT platform where all creators can mint and sell their NFTs at a fixed price or in an auction.

Wallet Integration

SpaceSeven will provide support for CryptoX Wallet in our NFT marketplace platform. This wallet will facilitate the CCD token, Concordium’s native token.

How to Access SpaceSeven

Our platform is available for users internationally. To mint, buy, or sell NFTs on the SpaceSeven NFT marketplace, visit our website.

Innovative Partnerships

ENTER Art Fair 2021
ENTER Art Fair 2021 recently signed a partnership with SpaceSeven. The world-renowned art fair based in Copenhagen has over 61 galleries, each minting one NFT. ENTER Art Fair aims to push beyond the confines of artistic conventions and experiment with innovative platforms. This ambition fits perfectly with what SpaceSeven stands for. Over 61 galleries participated in this event. Each gallery chooses just one of their top-rated artists to mint and sell a premium NFT on the SpaceSeven NFT marketplace. The event was held between August 26 – August 29, 2021.

DOROFEEVA NFT GAME
NFTs are now a global phenomenon and the launch of an NFT game with the participation of celebrities in Ukraine is raising great interest in the country. DOROFEEVA, one of the top Ukrainian pop singers, whose tracks are in the top charts of digital platforms, fashion influencer, blogger is the first one to join the platform. On the 27th of November, she will present the game being developed on the marketplace at The Conference.NFT together with SpaceSeven in Kyiv.

About SpaceSeven
SpaceSeven is the world’s first NFT marketplace built on the eco-friendly and highly effective Concordium blockchain as its primary chain. SpaceSeven allows artists to mint NFTs at low fees, showcase their work in exclusive universes, and sell them effortlessly.

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RFOX VALT Metaverse Announces New Virtual Land Sale of SHOPs for Its Upcoming Gaming-Inspired Quarter Arkamoto 506

RFOX VALT

November 23, 2021 – Ho Chi Minh City, Vietnam: Today, metaverse builder RFOX announced the launch of the newest quarter of its upcoming RFOX VALT metaverse: Arkamoto, a gaming-inspired virtual space that is also open to all businesses. To spearhead this launch, RFOX VALT has set the auction of 25 premium SHOPs in Arkamoto on December 9, 2021.

The RFOX VALT is a fully immersive, virtual reality-driven retail and entertainment experience in the metaverse that combines gaming elements, bringing together the best-in-class of crypto through NFTs and real-world applications of e-commerce, gaming, entertainment, and more.

RFOX formally unveiled the RFOX VALT in September 2021, when it launched the RFOX VALT SHOP Auction in the metaverse’s arts-inspired quarter, Callinova. During this auction, all 25 SHOPs, or virtual spaces dedicated to metaverse-based shops for various businesses, were sold for a total of 29,503,803 RFOX, which was worth USD 1.4 million at the time.

Arkamoto, the newly-introduced gaming quarter of the RFOX VALT, is named after the combination of the words “arcade,” in reference to popular gaming machines in public venues, and “Nakamoto,” after Satoshi Nakamoto, the pseudonym of the creator or creators of Bitcoin, the first and biggest cryptocurrency. Aside from the SHOPs available for auction, Arkamoto will have several areas dedicated to gaming and live e-sports tournaments in the RFOX VALT metaverse.

During the upcoming SHOP auction for the RFOX VALT’s gaming quarter, a total of 25 SHOPs will be available for sale to interested parties. Auction winners will get their SHOPs in the form of NFTs, which will give them access to tools for customizing their 3D SHOPs with different interior designs and textures, as well as managing their NFT assets on sale. In the future, they will also be provided a hosted white-label storefront website with an integrated NFT marketplace and NFT creation tools.

For this round, SHOPs will be available for sale in exchange for ETH, which will be used as the cryptocurrency of choice for the auction. RFOX intends to use the ETH collected from the auction to buy back RFOX from the market. The shift from the use of RFOX during the previous auction to the use of ETH for the upcoming sale is a strategic move to enhance the tokenomics of the RFOX token through ETH-fueled buybacks of RFOX. In addition, RFOX can more easily spread awareness of the RFOX ecosystem to the wider crypto and blockchain community, while facilitating a more convenient onboarding process to the RFOX VALT.

In the days leading up to the auction on December 9, RFOX will unveil more details about Arkamoto, including additional details of the SHOP sale, use cases for the quarter, and more. These upcoming updates are geared towards giving auction participants and the general public a more comprehensive picture of the prospective value and utility of the gaming quarter.

The upcoming RFOX VALT metaverse is supported by the RFOX ecosystem of products and services that provide enhancements and support to the metaverse that RFOX is building. The RFOX ecosystem includes gaming and NFT generation platforms powered by RFOX Games and RFOX NFTs, crypto financial instruments such as staking and liquidity pools created by RFOX Finance, and potent online media and marketing support from RFOX Media.

Ben Fairbank, CEO and Co-Founder of RFOX, said: “The world is increasingly becoming more aware of the metaverse and its promise as the logical evolution of the Internet. We are excited to welcome the newest participants of the metaverse through our SHOP auction for the Arkamoto gaming-inspired quarter of the RFOX VALT. Together, we will be the pioneers that will have a key advantage as the world capitalizes on metaverse technology in the coming years.”

Since the inaugural RFOX VALT SHOP auction in September, public awareness of the metaverse has significantly increased. Thus far, RFOX has partnered with major blockchain companies Yield Guild Games and ICON Foundation for the RFOX VALT, and these partners will prominently use the RFOX VALT metaverse to showcase their latest offerings and engage with their respective communities in a fully immersive way. Ultimately, the RFOX VALT will be an open-platform, inter-operable metaverse that interconnects with and supports various blockchains, enabling the exhibit of NFTs from different platforms and implementation of several features running on smart contracts and other programs inherent in these networks.

About RFOX VALT
RFOX VALT is a fully immersive shopping, retail, and entertainment experience in virtual reality, combining gaming elements and forming its own standalone metaverse. It brings together the best in class of crypto through NFTs and real-world applications of ecommerce, gaming, and entertainment.

About RFOX
RFOX is a metaverse builder based in Southeast Asia, with a mission to be the global leader in immersive metaverse experiences focused on retail, media, gaming, and rewards, through the RFOX VALT metaverse. The company has built the RFOX ecosystem of products and solutions that include online games, whitelabel NFT platforms, crypto-financial products, digital media platforms, and more. Its main token is RFOX, the digital asset that fuels the RFOX metaverse ecosystem and its immersive technology.

Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io
YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00mWRiU0mSQ
Discord: http://discord.gg/rfox

Demand for blockchain market expected to grow from US$3 billion in 2020 to US$40 billion in 2025 668

Edward Chen, CEO of Huobi Singapore, a leading global digital assets trading platform, participated at the Singapore Fintech Festival (SFF) this year and shared his views on the growth of the blockchain market in the next few years.

In a speech on “Digital Assets: From Fringe to Mainstream,” Edward provided an overview on the crypto landscape from the 2010s to 2020s and mentioned that the industry has shown significant growth over the years. For example, there are now more than 77 million global users1 and over 6,000 global coins in 20212 as compared to only 0.89 million global users1 and 66 global coins in 2013.2

Research has also shown that this demand for crypto and blockchain will continue to grow in the next few years, with the blockchain technology market size estimated to grow exponentially from US$3 billion in 2020 to US$39.7 billion in 2025.3 Blockchain technology will also continue to provide value-add to businesses (mainly in the finance, private, healthcare and retail sectors) by an estimated US$3.1 trillion by 2030.4

He strongly believes that factors such as regulation, security, price stability and risk management play an important role in shaping user adoption, and these are catalysts within the industry that can usher digital assets into more mainstream acceptance.

“The crypto market has witnessed tremendous growth in 2021, and yet we have seen just the tip of the iceberg. With concepts like Metaverse, Non-Fungible Tokens (NFTs), DeFi 2.0 and Web 3.0 gaining more popularity and attention, next year could be an exciting year for the whole blockchain industry. As one of Singapore’s leading digital assets exchange platforms, Huobi Singapore is excited to be part of this journey. We look forward to working with the local regulators as well as ecosystem partners to elevate Singapore’s status as a digital economy,” said Edward Chen, CEO of Huobi Singapore.

Huobi Singapore, a subsidiary under Huobi Technology Holdings Limited, has already applied for the Major Payment Institution Licence under the Payment Services Act (“PS Act”) from the Monetary Authority of Singapore. Currently, Huobi Singapore is granted an exemption from holding a licence under the PS Act while the application is under review. To provide users with a safe and secure experience, its digital assets exchange platform has been designed to comply with global regulatory standards set by financial regulators, with a strong focus on implementing a rigorous anti-money laundering (AML) program, and a robust Know-Your-Customer (KYC) framework.

The9 Limited Announces Two-time NBA MVP Giannis Antetokounmpo and Three Brothers as Global Ambassadors and Shareholders of New NFTSTAR Platform 1281

The9 Limited (Nasdaq: NCTY)(“The9”) today announced that NFTSTAR, a wholly owned subsidiary of The9 for NFT trading and community platform, has signed an exclusive license agreement with two-time NBA MVP, Giannis Antetokounmpo, and his three brothers, Thanasis Antetokounmpo, Kostas Antetokounmpo and Alex Antetokounmpo. NFTSTAR will develop, sell, and trade NFT collections authorized by the Antetokounmpo brothers, and the brothers will become global ambassadors and shareholders of The9 Limited and NFTSTAR.

The 2021 NBA Finals MVP and Champion, Giannis is a global superstar and one of the most exciting players in the NBA. The five-time NBA All-Star has been named to the All-NBA First Team three times, All-NBA Second Team twice and was named the 2020 NBA Defensive Player of the Year. Originally from Athens, Greece, Giannis and his family emerged from humble beginnings and have flourished into one of the most recognizable families in sports around the world.

With family at the center of everything the Antetokounmpo’s stand for, Giannis will be joined by three of his four brothers, who are all professional athletes, in this partnership. Thanasis, the second eldest Antetokounmpo brother, is a forward for the Milwaukee Bucks and a member of the Bucks’ 2021 Championship team. Kostas, who was drafted in the second round of the 2018 NBA Draft, won his first NBA championship in 2020 with the LA Lakers. The power forward is currently signed with LDLC ASVEL, a French professional basketball team in the top-tier level French Pro A League. The youngest of the Antetokounmpo brothers, Alex, currently plays with the Raptors 905 in the NBA G League, after winning the 2021 NBA Summer League Championship as a member of the Sacramento Kings.

The four brothers will work with NFTSTAR’s creative team and artists to develop a series of NFT collectibles, including videos, animations, and other digital artworks. These collectibles will chronicle and highlight their careers, personal growths, and important beliefs.

NFTSTAR is a NFT community and trading platform for users to purchase, trade, and interact. The major transaction contents of the platform are NFT collections developed with global superstar licensed IPs. Each NFT collectible has a unique record on the blockchain, and the users will obtain the ownership of the unique NFT collectible through purchase on the platform, or through trading on NFTSTAR’s marketplace. NFTSTAR will accept general payment methods such as credit cards to make it easy for global users to participate.

NFTSTAR Community will feature celebrities from various fields, including but not limited to sports, entertainment, art, and other industries. NFT Community aims to create and empower the ‘Metaverse’ through trading, collection, and engagement with NFT collectibles which the IPs are authorized by the celebrities.

About The9 Limited

The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 aims to become a global diversified high-tech Internet company, and is engaged in blockchain business including the operation of cryptocurrency mining and a Non-Fungible Token platform NFTSTAR.

Out of Space Brings the Best of Defi and NFT Under One Roof 1340

Spase

Today the crypto market is at its peak with three trillion valuation and the whole market making a new ATH one day after the other. However, with the growing popularity the use cases of crypto market has also surged drastically with several new ecosystems thriving within the cryptoverse. Two of the most prominents use cases in the current market includes Defi which has grown to become a multi-billion dollar ecosystem on its own and the NFTs which have become the breakout use case of the crypto world. The NFT craze has engulfed the whole of mainstream with every mainstream brand and celebrity getting involved with some form of the NFT project. With so many use cases and ecosystems, it’s increasingly becoming complex for users to get everything in one place and this is where Out of Space comes to the rescue.

Out Of Space is constructing a full ecosystem that includes a trading terminal, CEX (centralised exchanges), and decentralised exchanges. ed trading in a single location and offers all DEX and CEX opportunities It takes advantage of all the benefits of existing DEX and CEX technologies and offers a variety of trading tools. The platform plans to launch its seed round soon. A user account that includes statistics and a listing of all transactions. The ability to change the size and location of any block in the terminal’s working space is provided in an interactive workspace.

The Out of Space project began recently and already has a beta product on offering. The creators released a fully functional product prototype which is constantly improving based on user feedback and market trends. The Out of Space community has been expanding by the hour and expects to become one of the most notable decentralized communities very soon.

What Makes Out of Space So Special

The Out of Space ecosystem is as different as the name suggests, it combines the best of Defi, P2P, P2E and NFT together, becoming a gateway to the crypto ecosystem for new entrants. What makes it even more special is the fact that it is building the whole ecosystem from scratch starting with developing its own blockchain, rather than depending on any other platform. This ensures safety, privacy and more decentralization as they won’t have to depend on a third party. Smart contracts will be supported by the multi-layered blockchain, allowing developers to deploy independent dApps that can interact with one another. Payments between different dApps on the blockchain are possible, as are the use of common ecosystem tools making for a seamless ecosystem.

The company has also created an internal P2P cryptocurrency exchange service for ecosystem participants. Any platform user can discuss the best conditions for exchanging digital assets. Furthermore, the escrow service will ensure transaction security and user trust.

The NFT marketplace would be centred on artists, where their creativity and potential would be assessed first, and then the best conditions for the creation of NFT would be offered. Only the lowest commissions and a detailed description of all NFTs are available. But that is not all we have to offer. Some people are always in need of something, while others are always willing to provide it. The marketplace has been developed for traders, investors, developers, job seekers, and IT/blockchain professionals, meaning created keeping every profession in mind.

There are hundreds of new NFT projects claiming to launch some ultra rare digital collectibles, however, there are very few selected and trusted number of marketplaces in the crypto market today due to lack of quality projects and review process. And a few which are great to use have a very high cost of transactions. Out of Space aims to end that with its platform that will host, list and trade only selected and rare NFTs with minimal trading and minting fees.

Out of Space is Building a Multi-Purpose Blockchain Ecosystem

Imagine a crypto platform where you can buy, sell and trade along with NFT auctions and trading and also a staking service for passive income. Out of Space has all these and its building even more functionality into its ecosystem. The platform offers the best of CEX and DEX functionalities as well which are integrated into the system, thus one can choose between the two as per their convenience. The seamless functionality is something that makes Out of Space so attractive.

Building a multi-utility crypto ecosystem could be a tough task, but Out of Space is taking each step with utmost care and aims to deliver a finished benchmark kind of platform. Investing in an ecosystem with such multiple uses and services would only multiply once the network becomes more mature overtime. The platform would also develop a decentralized NFT social network with a personal NFT page for each participant, and a messenger inside the ecosystem, that would allow traders to interact as well as earn from the social network platform.

To learn more about Out of Space visit Outspace.io

Twitter: https://twitter.com/outspaceio
Telegram: https://t.me/outofspaceann
Out of Space Chat: https://t.me/outspace_chat