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MARKETS NEWS

Crypto.com decides to partner with Twitch Rivals

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Crypto.com is joining forces to bring the crypto industry to the eSports scene, in partnership with Twitch Rivals. The deal will see Crypto.com become Twitch Rivals’ first “Official Cryptocurrency Platform Partner” and an “Official Marketing Partner” with exclusive rights to Twitch events, in-stream branded segments, media placement and activations.

Crypto.com’s brand and logo will appear on more than 250 Twitch Rivals streams each year globally, including in the Asia-Pacific region. The partnership will be held live from Las Vegas at the Ultimate Challenge event on November 4.

Twitch is the world’s largest eSports streaming platform. Twitch Rivals is a series of esports tournaments hosted by the leading eSports streaming service twitch.tv, attracting over 140 million unique visitors each month from a different global audience.

“We are extremely excited to add Twitch Rivals, the home of eSports, to our growing portfolio of the world’s best brands in sports,” said Kris Marszalek, co-founder and CEO of Crypto.com.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

MARKETS NEWS

ADDX exchange introduces its first crypto product

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ADDX exchange launched its first cryptocurrency product. ADDX exchange introduced its crypto product with the listing of a digital asset fund by investment manager Trovio Capital Management (TCM).

TCM Digital Asset Fund approaches crypto investment in a different way. Besides key positions in Bitcoin and Ethereum, the fund invests in seven other top-performing cryptocurrencies that are regularly identified and reviewed through a proprietary quantitative analysis method. The Fund has an independent director, auditor and custodian. It is among the first digital asset funds to be overseen by KPMG. Custody and trading services are provided by Nasdaq-listed Coinbase.

Oi Yee Choo, Chief Commercial Officer of ADDX, said: “Cryptocurrencies are most likely the digital gold of our time. There is strong demand among investors for exposure to these digital assets. The traditional financial world initially tried to keep a cautious distance. But today, major financial institutions either have a crypto offering or are seriously considering it. We believe that the time to discuss whether cryptocurrencies have a place in an investment portfolio is almost over. The more relevant question now is how crypto investments should manage their risk in terms of asset retention and price volatility. Professionally managed crypto funds with a good track record could potentially address these risk concerns for investors.”

Ms. Choo added: “ADDX is pleased to work with Trovio on this first crypto offering to investors on our platform. Led by Jon Deane, the team has deep expertise in both traditional finance and crypto, and this is reflected in their meticulous approach to conceptualizing and bringing this institutional-level fund to market. As Singapore establishes itself as a major global hub for regulated crypto activity, ADDX aims to make a positive contribution to the city’s crypto landscape by adding a rich variety of high-quality offerings to investors.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

MARKETS NEWS

Australian bank Commonwealth Bank will allow customers to hold and use cryptocurrency

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Commonwealth Bank of Australia will be the first major bank to allow its customers to buy, sell and hold products in cryptocurrencies.

Commonwealth Bank released a statement Wednesday, saying it has partnered with cryptocurrency exchange regulator Gemini to design a service for the CommBank app. It will allow its clients to access crypto assets, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

Implementation will begin in the coming weeks. Matt Comyn, CEO of Commonwealth Bank, said: “The emerging and growing demand for digital currencies from customers creates both challenges and opportunities for the financial services industry, where a significant number of new players and business models are innovating in this space. To meet a growing customer need and We believe we can play an important role in crypto to provide capability, security and trust in a crypto trading platform.” said

Dave Abner, Head of Global Business Development at Gemini, said the partnership will “set a new standard for banks and financial platforms in Australia”.

Commonwealth Bank has announced it will become the first major Australian bank to allow customers to buy, sell and hold cryptocurrency. Credit: MORGAN SETTE/AAPIMAGE

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Ravendex, the First Decentralized Exchange Built on the Cardano Blockchain

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The FIRST Non-custodial Decentralized Exchange Built by Ravendex on the Cardano Blockchain. decentralized exchanges facilitate trade between individuals through smart contracts. Similar exchanges exist in different blockchains.

There are several successful DEXs, including PancakeSwap on Binance Smart Chain, Curve on Ethereum, and Uniswap. RavenDex is another unique platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features such as splitting liquidity.

Ravendex is a platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features such as splitting liquidity.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Crypto Analyst Benjamin Cowen; Says Cardano Could Realistically Reach All-Time Highs

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Benjamin Cowen says Cardano (ADA) can hit all-time highs. In a recent strategy session, Cowen notes that Cardano has gained around 11,000% since March 2020 low and may need time to cool off before rallying further.

“It’s a pretty big win by ADA, so I think it makes sense to consolidate for a while and wait until the ecosystem is actually used. Until then, until that happens, I guess we’ll be more or less in a consolidation phase. Can we get $2.50 back or $2.25 back? Sure, I think it could happen anytime, but I’m not speculating to myself suspiciously at an all-time high for at least a month or so… And it could be longer than that.”

“If Bitcoin stays relatively bullish, I hope it breaks to the upside. So this would be the ideal situation. Even if we don’t hold the bull market support band, I still think it’s good. I just think we’re going to have a long re-accumulation and hopefully we’ll still move up.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Avalanche Foundation announces $220 Million Investment Fund

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Avalanche will attract the attention of big companies. Avalanche Foundation Launches $220 Million Investment Fund. The funds will be used to invest in the protocol’s capabilities for DeFi, NFTs and enterprise applications. Avalanche is the latest Tier 1 smart contract protocol to announce it’s deepening its pockets. The new funds will go towards developing various capabilities of the protocol, including DeFi, enterprise applications and NFTs.

Blizzard’s funds will be allocated to the goal of accelerated development, innovation and growth of the protocol. More specifically, its focus is on DeFi, enterprise applications, NFTs, and “other emerging use cases such as security token issuances, liquidity providers, and self-sovereign identity.”

Read More Source: cryptobriefing.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Ripple partner launches cross-border payment corridor to Mongolia

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Every day, we see traditional financial institutions scrambling to understand crypto strategy, and understandably so. Crypto has passed the tipping point of mainstream consciousness. Use cases like cross-border payments are strictly outside the sandbox stage.

Ripple is taking new steps in cross-border payments with crypto over traditional fiat. Ripple’s fintech network, RippleNet, or its other partner, Tranglo, has taken control of remittances around the world.

Tranglo Mongolia launches new cross-border payment corridor. The Singapore-based company will do so “through a single link to regional corridors and local partners.” Mainly to improve cross-border payments in this East-Asian region. It will offer a variety of different payment and pickup methods such as direct bank transfers and cash pickup. It could also potentially be used beyond blockchain-powered techniques.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Goldman Sachs forecast Ethereum could hit $8,000 by year end

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He said Goldman Sachs predicts that the Ethereum price could rise to $8,000 by the end of the year. Analysts at Goldman Sachs explained in a statement that “cryptocurrencies have been trading in line with inflation breakouts since 2019.”

Goldman Sachs reportedly announced in a research note distributed by Bernhard Rzymelka, managing director of Global Markets, that the price of Ethereum (ETH) could reach $8,000 by the end of the year.

Citing a chart showing the Bloomberg Galaxy Crypto Index (red) on a log axis and a 2-year forward 2-year inflation swap (blue), Goldman’s analysts noted that “the local floor appears to be supportive for ethereum.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

ADA reaches over 2 million wallets

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In his post on Twitter from Cardano Community (@Cardano) account, the news that he has reached 2 Million Ada wallet was entered. The news is as follows.

“We were celebrating reaching our goal of 1 million a long time ago and now we have reached 2 million #island wallets!”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.