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New Developments Happening in the Blockchain Space: 17-11-2023

Posted by Simon Keighley on November 17, 2023 - 8:22am

New Developments Happening in the Blockchain Space: 17-11-2023

New Developments Happening in the Blockchain Space 17-11-2023

Image Source: Pixabay


Different types of ETFs, explained

Exchange-traded funds (ETFs) are a diverse and flexible investment tool that come in various forms. These financial instruments provide exposure to a variety of assets and strategies, catering to a broad range of investor preferences and objectives. Investors can select from a range of ETFs based on their risk tolerance and individual financial objectives. 

The ETFs offer choices for risk reduction, income generation, sector-specific investing, diversification and much more. Investors can create a well-rounded and custom portfolio that fits their particular investment plan by picking the appropriate kind of ETF.

What are ETFs?

Investment vehicles known as exchange-traded funds are traded on stock exchanges. They give investors a way to own a variety of assets, like equities, bonds, commodities or digital currencies — all within a single fund. ETFs often contain a combination of assets, which helps to distribute risk across many investment categories.

ETFs also provide liquidity in addition to diversification. At market pricing, they can be bought and sold at any time during the trading day, giving investors flexibility. One of the main characteristics that differentiates ETFs from conventional mutual funds is their liquidity. Read More


 

Coinbase Launches Leveraged Crypto Futures for US Traders With Nano-Sized BTC and ETH Contracts

Coinbase Financial Markets (CFM) introduced regulated leveraged crypto futures for its U.S. customers Wednesday, now available to Coinbase Advanced users. The trading platform currently offers nano-sized contracts at one-hundredth of a bitcoin and one-tenth of an Ethereum.

Coinbase Financial Markets Rolls Out Crypto Futures for U.S. Investors

The San Francisco-based crypto platform, Coinbase, is beginning to gradually introduce its bitcoin and Ethereum futures offerings. CFM’s goal is to “make futures more accessible to retail crypto traders,” according to the announcement Wednesday. With the launch, Coinbase Advanced customers in the U.S. can now access the regulated crypto futures contracts

Coinbase explains that futures derivatives products allow traders to hedge risk and diversify. “Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount,” the announcement discloses. Read More


 

Metamask and Blockaid Unite to Fortify Web3 Security With Security Alerts

In a recent development, Metamask, a self-custody Web3 platform developed by Consensys, has partnered with Blockaid, a Web3 security provider. The collaboration aims to integrate security alerts within the Metamask extension in order to enhance the platform’s security features.

Metamask and Blockaid Collaborate for Web3 Security:

The latest Metamask initiative focuses on detecting and stopping malicious transactions, offering protection against various cyber threats such as scams, phishing attempts, and hacking. The collaboration between Metamask and Blockaid has reportedly prevented a significant security breach, protecting over $100,000 in assets from a targeted hack on an account associated with Ethereum co-founder Vitalik Buterin.

The security alerts represent a new development in the ongoing efforts of Metamask and Blockaid to improve Web3 platform security. Read More


 

CertiK: Crypto Social Media Scams Surge

In light of the increasing number of cryptocurrency scams permeating social media platforms, blockchain security company CertiK has delineated a comprehensive examination of this menacing trend. On October 26, 2023, CertiK took to Twitter to elucidate how the meld of social media's extensive reach and cryptocurrency's decentralized, and often murky, nature concocts a fertile ground for scam artists.

CertiK initiated its discourse by referencing a report from the Federal Trade Commission (FTC). The report stressed that cryptocurrency scams led to a staggering loss of over $1 billion in the 18 months leading up to June 2022. Interestingly, nearly 50% of these losses stemmed from engagements on social media platforms, whether via an advertisement, post, or direct message.

A Kaspersky report also revealed a 40% increase in cryptocurrency phishing attack scams in 2022, with 5,040,520 attacks compared to 3,596,437 in 2021. These attacks involve duping investors through fake websites and communication channels, allowing attackers to access crypto assets. Read More


 

Unleashing the Power of Force Multipliers: How Markethive Amplifies Your Business Success

Unleashing the Power of Force Multipliers: How Markethive Amplifies Your Business Success

Entrepreneurs encounter many challenges that can impede their businesses' progress and prosperity. However, force multipliers such as technology, tactics, resources, software, and partnerships can enhance effectiveness and achieve significant results even with limited resources. Markethive, a social neural network, provides a range of force multipliers, including information and content sharing, user-generated content, blockchain technology, storefronts, campaigns, brand ambassadors, awareness of the market, and network connectivity. These force multipliers can expand a business's reach, influence, and development, making Markethive an invaluable asset for entrepreneurs.

The challenges that entrepreneurs encounter can hinder their businesses' long-term success and growth. One common obstacle is figuring out how to effectively utilize the limited resources at their disposal, whether time or money, to achieve the most significant impact and profitability. This is where force multipliers come into play. It is essential to understand what force multipliers are and how powerful they are in addressing these challenges.

The armed forces have long understood the importance of force multipliers. A troop multiplier, for instance, enhances an existing military capability by either increasing its size or utilizing machine guns as force multipliers for rifles. The military would integrate sniper training into various subjects to enhance the value of snipers as a force multiplier and ensure their survival in combat.

Force multipliers are a means to accomplish more remarkable results with the same or reduced amount of effort, similar to how using a drill instead of a screwdriver can make tasks more manageable. These force multipliers can be vital in ensuring the business's survival. Read More


 

AlphaPoint partners with Coincover to boost customer protections

Coincover, a blockchain protection company, and AlphaPoint, a global financial technology company providing digital asset infrastructure, have partnered to provide an additional layer of protection for AlphaPoint customers.  

The partnership enables AlphaPoint clients to access Coincover’s leading Asset Protection technology, enabling them to mitigate security risks such as hacking, human error, and scams simply and effectively. AlphaPoint’s end users will be provided with increased security, increasing the company’s credibility as a safety-conscious exchange at a time when security is the top priority for its customers.  

Igor Telyatnikov, Co-founder & CEO at AlphaPoint, said: “At AlphaPoint, enabling our customers’ success is our top priority. By collaborating with Coincover, a top innovator in asset protection, we’re providing our customers with leading-edge insurance to safeguard their assets. This partnership demonstrates our commitment to delivering complete peace of mind through institutional-grade security and infrastructure.” Read More


 

Law professor says blockchain tech could ‘revolutionize’ copyright offices

According to the research, blockchain provides several game-changing benefits for intellectual property licensing and management.

A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.” 

Peter Yu, the regent's professor of law and communication and director of the Texas A&M University School of Law’s Center for Law and Intellectual Property — and the paper’s sole author — asserts that blockchain’s immutability makes it a prime candidate for integration with the intellectual property system.

Per the paper:

“On a blockchain, once a transaction has been recorded, it is virtually impossible to alter that record. Should the transaction be wrongly recorded, a new transaction will have to be hashed into the blockchain to provide correction. The immutability feature has therefore made blockchain technology very attractive for registering copyright, storing ownership and licensing records, or completing other similar tasks.” Read More


 

Marathon Digital and Nodal Power Unveil Methane-Fueled Bitcoin Mining Pilot in Utah

On Thursday, Marathon Digital, a publicly traded bitcoin mining company, announced its partnership with Nodal Power, revealing plans to initiate an innovative 280-kilowatt (kW) bitcoin mining pilot project in Utah. The project harnesses biogas, specifically methane from a landfill, to fuel the pilot’s BTC mining operations, which are reported to be fully energized.

Eco-Friendly Bitcoin Mining:

Marathon Digital, listed on Nasdaq under the ticker MARA, has announced a new partnership with Nodal Power. Nodal Power is recognized for developing and operating assets in the renewable energy sector, focusing primarily on biogas. The gas-to-bitcoin firm just raised $13 million in a seed round backed by strategic investors.

Marathon detailed on Thursday that the pilot project with Nodal Power is part of a “broader initiative” by the firm. The company wants to validate the benefits of capturing methane from landfills to power its fleet of bitcoin (BTC) mining rigs. The press announcement cites the United Nations Environment Programme (UNEP), which details that methane is 80 times more harmful than CO2. Read More


 

MicroStrategy’s Michael Saylor Says Spot Bitcoin ETFs Will Grow the Market ‘Dramatically’, Shares Outlook on BTC

MicroStrategy founder Michael Saylor believes that an approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) will spark huge market growth for BTC.

In a new MicroStrategy earnings call, outspoken Bitcoin bull Saylor says that BTC ETFs would likely attract a massive amount of funding from institutional investors.

“And as we look forward to potential spot ETFs coming along, we think that’s going to actually grow the market dramatically and it’s going to be another great investment option for a different class of institutional investors that’ll be beneficial to all.”

Saylor says that the BTC ETFs would create an easy pathway for traditional financial entities to invest in the king crypto. Read More


 

Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.

 

 

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