Category: Bitcoin ETF

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment Cryptocurrency news HYIPs Investment News

Samsung launches first smart TV with NFT browsing and commerce option

The non-fungible token (NFT) frenzy continued as we started in 2022 and electronics giants are already stepping into the tokenized wagon of the trend. Today, electronics multinational Samsung unveiled its “NFT aggregation platform” backed by its exclusive smart TV launches. According to Samsung, users can browse and exchange NFT through its MicroLed, Neo QLED and The Frame models.

The platform will literally function as an aggregator, displaying NFTs from various markets on users’ screens. In addition to displaying NFT, the platform will also display relevant details including creator name and relevant blockchain metadata. In addition, users can also view their valuable NFT assets using the platform.

Finally, Samsung stated that it has ensured quality display for the wide range of NFTs using its “Smart Calibration” technology that automatically adjusts the TV’s settings to match the original creator’s specifications.

“The role of the screen has changed dramatically in recent years with advances in technology and the way entertainment is provided. With our new product line, we're offering customers a fully immersive audio and video experience that can be customized to their needs... Whether you're a movie buff, TV lover, gamer, or even a music enthusiast. movie theater. Art, Samsung has cutting-edge offerings that can enhance any room,” said Simon Sung, executive vice president and head of Samsung's Visual Display Business sales and marketing team.

2021 The domain of the NFT will extend to 2022

NFT’s popularity soared over the past year, beating every trend in Defi’s landscape. According to Chainalysis 2021 NFT Market Report, approximately $26.9 billion of NFT was traded across all NFT markets, determining its growing dominance.

Social media, as well as institutional giants, are poised to incorporate NFT by 2022. Late last year, Instagram CEO Adam Mosseri confirmed that the leading social media platform is “actively exploring” NFTs. In addition, Kraken CEO Jesse Powell also decided to go a step further by securing the NFTs. Kraken, the big centralized encryption exchange, has announced the upcoming launch of its NFT marketplace, which will offer NFT-guaranteed loans.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment Cryptocurrency news Investment News

Crypto Mining Rises in Thailand as Investors Maximize China’s Ban

After the ban on cryptocurrencies in China, cryptocurrency investors in Thailand quickly seized the opportunity to buy cheap mining rigs that had been sidelined by Chinese miners out of the market. And that, in turn, has led to an increase in crypto mining activities in Thailand, reports Al Jazeera.

Thailand crypto investors take advantage of China’s cryptocurrency ban

After the ban, affected Chinese miners had to recoup some of their investments in one way or another. This led them to sell their mining machines at a bargain price. To keep things going, many of the mining companies have also had to move to several other countries that allow mining activities, including Kazakhstan, Russia, the United States and Southeast Asia.

Cryptocurrency mining on the rise

Speaking in an interview with local media, one of Thailand’s cryptocurrencies who identified himself as Pongsakorn Tongtaveenan had a lot to say. He says he’s not alone, as many cryptocurrencies like him quickly took advantage of China’s ban on cryptocurrencies. He explained that they quickly started buying mining platforms and PC processors from Chinese miners and that we are reselling them to local crypto investors. And, according to him, as the demand for the machines is incessant, prices returned to their previous levels.

For Thailand, the growing popularity of crypto mining in Thailand is simply due to residents becoming more optimistic about the future of cryptocurrencies in the country.

When Beijing launched an all-out war against crypto miners and all things cryptography, some of the top bitcoin miners had to leave the country for more crypto-friendly regions.

In fact, companies like e-commerce giant Alibaba have had to ban the sale of mining encryption equipment to comply with current regulations. Furthermore, it had to completely remove the blockchain miners and accessories categories from its e-commerce market as of October 8th.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment HYIPs Investment News

Crypto exchange Kraken’s new NFT market to issue loans

Jesse Powell said the exchange will expand into a market for non-fungible tokens and loans guaranteed by NFT starting in 2022.

Kraken founder and CEO Jesse Powell recently shared in an interview with Bloomberg News that the crypto exchange will launch a non-fungible token (NFT) marketplace that will allow users to borrow funds against their NFTs.

Powell explained that the company plans to enter the NFT space in early 2022 and hopes to add the ability to determine the liquidation value of an NFT and whether it can be placed as collateral for a loan.

“If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your account,” Powell said.

However, the value of NFTs is across the spectrum and only a small percentage of token owners own a digital collectible valued as much as a CryptoPunk, the minimum price of which is 66.9 Ether (ETH) or $ 273,673 at the time of. the publication.

According to Powell, the NFT utility will explode next year:

"Phase one was speculation, phase two is buying art and supporting artists, phase three will be the functional use of NFT."

Additionally, Kraken recently acquired Staked, an infrastructure platform that enables custodial encryption, in an effort to attract new investors. Kraken customers will now be able to earn crypto income and rewards while maintaining control over their digital assets.

Kraken was founded in 2011 and has grown into one of the largest crypto exchanges in the world, ranking among the best in terms of average liquidity, volume and reserves of digital assets, according to data from CoinMarketCap.

Kraken’s announcement demonstrates how NFT-backed loans are becoming increasingly common as more DeFi platforms like Arcade and Nexo offer this new loan model. As Cointelegraph recently reported, Arcade closed a $ 15 million funding round in December as part of a broader effort to increase its offerings and attract more investors to its guaranteed NFT platform.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment

South Africa’s Digital Bank Tyme concludes Series B round with an additional $ 70 million capital increase

Tymebank, a South African-based digital bank, recently completed its Series B funding round with $ 70 million invested in the company by Tencent and UK development lender CDC Group.

Funds to support Tyme’s expansion into new markets

Tymebank, a South African digital bank, recently raised an additional $ 70 million from its latest round of funding, led by Tencent and UK-based development finance group CDC Group.

This latest capital increase brings the value of the funds Tymebank acquired through Series B to $ 180 million. Prior to this latest investment, Tymebank had received $ 110 million from Gokongwei’s Apis Growth Fund II and JG Summit Holdings.

Meanwhile, after the capital increase, a News24 report says that the digital bank will use the new money to finance its national expansion and facilitate the bank’s entry into other markets.

“The capital and expertise of the two investors will also be used to enhance Tyme’s ability to manage risk and support Tyme’s expansion in markets where CDC is present,” explains a bank statement.

The report adds that Tymebank will also use part of the funds raised to support Gotyme in the Philippines, where it has obtained a digital banking license in association with Gokongwei Group.

Praising the bank’s ability to attract investors, Coen Jonker, co-founder of Tyme, said: “This is a very welcome investment from Tencent and CDC. It’s a clear vote of confidence in our digital banking offering, as well as our leadership teams in South Africa, Singapore and the Philippines. “

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining Cryptocurrency Investment Cryptocurrency news HYIPs Investment News

The Cash app allows delivery of Bitcoin gifts while on Christmas vacation

Gift offerings are in season, with Christmas and other holidays coming up. If you’ve ever thought about gifting your friends or loved ones with stocks or bitcoins, the Cash app makes it easier than ever.

The Cash app allows a new way to send BTC

Cash App introduced a new feature that will allow peer-to-peer payments between users. Block’s proprietary Cash app (formerly known as Square) allows users to send bitcoins and traditional shares as gifts to other platform users.

To be fair, cryptocurrency exchanges like Coinbase and financial services companies like Stockpile have been doing things like this for years. However, this will be the first time this option will be available through a simple P2P application.

The only thing about this situation is that, under normal circumstances, the Cash app would allow users to simply send bitcoins to any $Cashtag placed on the app. However, it now appears that customers can simply use their attached debit cards or USD accounts to send the BTC in question. This is a big step forward, as the recipient does not necessarily have to own bitcoins or cryptocurrencies to receive the financial gift, nor does the sender have to have it. They can simply pay cash and send the BTC to the right person.

In addition, the initial process of sending bitcoins to a recipient was done through the investment guide of the Cash app. Now all it takes is a cash balance or a debit card to do this. The market value of shares or bitcoins is sent in cash and the user gets the assets from there. If they don’t want to accept stocks or bitcoins, they can finally get the money.

The system doesn’t just work for gifts. Instead, people can also use share and bitcoin delivery options to pay their friends or even split bills. More importantly, this could spawn a new wave of digital currency traders entering the forum and engaging in what is now a dominant financial space.