Ethereum started a fresh increase from the $4,500 zone against the US Dollar. ETH could extend upsides towards $4,850 unless it fails to stay above the 100 hourly SMA.
Ethereum started a fresh increase above the $4,600 and $4,700 levels.
The price is now trading above $4,650 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend gains above the $4,800 resistance zone in the near term.
Ethereum Price Eyes More Upsides
Ethereum formed a decent support base above the $4,500 level. As a result, ETH price started a fresh increase above the $4,600 resistance zone and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD. The pair climbed above the $4,700 level, but it is now facing resistance near the $4,725 level.
Ether is now consolidating gains and trading near $4,700. It is also well above the 23.6% Fib retracement level of the upward move from the $4,520 swing low to $4,725 high. An immediate resistance on the upside is near the $4,725 level.
Source: ETHUSD on TradingView.com
The next major resistance is near the $4,750 level. A break above the $4,750 level may possibly spark a fresh rally. The next key resistance is near the $4,850 level. Any more gains could lead the price towards the $5,000 level in the near term.
Dips Supported in ETH?
If ethereum fails to climb above the $4,725 and $4,750 resistance levels, it could extend its downside correction. An initial support on the downside is near the $4,675 level.
The first major support is near the $4,650 level and the 100 hourly SMA. The next major support is near the $4,620 level. It is near the 50% Fib retracement level of the upward move from the $4,520 swing low to $4,725 high. Any more downsides could lead the price towards the $4,550 support. The next major support for the bulls is near the $4,500 level.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now well above the 50 level.
This year has seen a number of high profile partnerships formed between the cryptocurrency sector and major sports leagues, teams and individual players. Nowadays players engage with their fans by issuing limited edition NFTs and other perks that are associated with crypto and blockchain technology.
Crypto companies are also making their presence known stitching their names on jerseys, buying stadium naming rights and paying for cleverly placed primetime commercials between game breaks.
One project that has seen a recent surge in interest thanks to its focus in the world of sports and helping fans interact with their favorite teams and players is Chiliz (CHZ), the blockchain network behind the Socios.com fan engagement platform.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.243 on Sept. 29 the price of CHZ spiked 171% to a daily high at $0.657 on Oct. 31 and recent developments are now pushing the price back towards the swing high.
CHZ/USDT 4-hour chart. Source: TradingView
Three reasons for the growing strength of CHZ include the launch of live in-game NFTs, recent exchange listings for CHZ as well as its newly released fan tokens and the protocol’s rapidly expanding ecosystem of partners.
Live in-game NFT drops
The development that kicked off the current rally was the rollout of the platform’s first live, in-game NFT drop which took place a match between A.C. Milan and A.S. Roma.
This Sunday, history will be made as we release the first ever @acmilan NFT.
With this design, new NFTs are minted as they happen based on key moments in live matches and then they are dropped to the wallet of fan token holders who correctly predict the outcome of the game.
The announcement that this new method of distributing NFTs was followed by a spike in demand for the token which has continued to build in the following weeks.
CHZ and fan token support
Another reason for the building momentum of CHZ has been the addition of new exchange listings, as well as its newly released fan tokens for clubs like São Paulo FC, AC Milan and Manchester City.
Introducing Manchester City @ManCity Fan Token $CITY on Binance Launchpool! Farm $CITY by Staking #BNB, $CHZ and $BUSD Tokens
In addition to the listings, Binance is also allowing fans to earn tokens from their favorite teams by staking Binance Coin (BNB), Binance USD (BUSD) and CH.
OKEx also announced that it will support tokens from the Chiliz ecosystem and CHZ appears to have benefited from a new listing eToro’s crypto exchange on Nov. 9.
Expanding ecosystem backs the current rally
Ecosystem expansion could be another recent development that is strengthening CHZ’s fundamentals.
More than 80 sports properties announced partnerships with @chiliz x @socios, more than +100 already signed. While improving our product and starting to prepare a global marketing campaign, we focus on building a leading new fan ecosystem (engagement x monetization). #innovationpic.twitter.com/mZKOL6IyDH
Recently, the platform unveiled a partnership with Kraft Sports and Entertainment which will see the National Football League’s (NFL) New England Patriots and Major League Soccer’s (MLS) New England Revolution join the Chiliz and Socios ecosystem.
This partnership marks the first foray for Chiliz into the NFL and MLS and indicates that the protocol has its sights set on expanding to cover all major sports leagues where there is a demand from fans for more engagement.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CHZ on Oct. 28, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
VORTECS™ Score (green) vs. CHZ price. Source: Cointelegraph Markets Pro
As seen in the chart above, the VORTECS™ Score for CHZ began to pick up on Oct. 27 and reached a high of 70 on Oct. 28, just as its price began to increase 125% over the next two weeks.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Did Steve Hanke find a way out of the hole he’s been digging himself into for all these years? The economist holds the world record for the person with the highest number of terrible Bitcoin takes, with almost 13 years of failed predictions. And now, out of nowhere, he seems to like the world’s second cryptocurrency by market capitalization. What does he like about Ethereum, though? The “560% price surge this year,” of course. But there’s more…
Ethereum is giving Bitcoin a run for its money. Ethereum has become increasingly popular amongst DeFi and NFTs, resulting in a 560% price surge this year. Has the look of a bubble. But, is it?https://t.co/2fkvuNoRWz
Wait… is Steve Hanke into NFTs? The man said, “Ethereum has become increasingly popular amongst DeFi and NFTs” without a hint of irony. He also said, “Ethereum is giving Bitcoin a run for its money,” which is the most positive thing Steve Hanke has said about Bitcoin in over a decade. And, in the end there, he leaves space for possible deniability, “Has the look of a bubble. But, is it?”
The economist also links to an extremely basic and clumsy CNN article. Is Steve Hanke warming up to cryptocurrencies? Or is there some other dynamic at play here?
The Article Steve Hanke Linked To
This run-of-the-mill article doesn’t really say much. Its main message is the price action anyone reading NewsBTC is probably already familiar with.
“Ethereum, or ether for short, is also trading at record levels. It’s now hovering around $4,850, having soared more than 560% this year, compared to the “mere” 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts.”
Ok, what else do you got for us? Not much. It’s all over the place. It breaks down the total cryptocurrency market capitalization, introduces the concept of the mythical “flippening,” and tries to keep people away from meme coins. To accomplish this, CNN quotes Paxfull’s Ray Youssef saying, “Ether and bitcoin versus meme coins are like the difference between blue chips and penny stocks you get a call about from a guy in a boiler room.” The article also talks about inflation, how could it not?, and introduces ETFs into the picture.
“The rise of bitcoin ETFs also could be good news for ethereum, because experts predict that similar ether ETFs could soon launch. That will make it even easier for average investors and big money management firms to buy into the crypto.”
So, all in all, it doesn’t say much and the only clear fact it presents is that Ethereum had a better year than Bitcoin. Why did Steve Hanke link to it, then?
ETH price chart for 11/13/2021 on Bitfinex | Source: ETH/USD on TradingView.com
Is Hanke Trying To Find A Lifeboat?
Here at NewsBTC, we constantly argue with Steve Hanke. Just in the last year, we responded to him calling Bitcoin not legitimate, not a currency, and the concept of it being legal tender “stupid.” And now, Hanke seems to like Ethereum. Why? Is it because Ethereum’s internal policies are more akin to the traditional banking system he’s accustomed to? Or did Hanke realize that cryptocurrencies are here to stay and is too afraid to admit he was wrong about Bitcoin for all these years?
In any case, the main reaction in his replies so far is mockery. Even notorious Ethereum defender Udi Wertheimer said, “this is the most bearish ethereum signal i’ve seen in my entire life.” Let’s keep an eye on Hanke’s Twitter feed and see what the economist says about Ethereum in the next few days. This is going to be interesting.
Featured Image: RobinHiggins at Pixabay | Charts by TradingView
The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem.
As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining rigs, the constant need to update equipment and environmental concerns led to the PoW model falling out of favor with many.
As a result, projects looking to employ a proof-of-work model have had to adapt to stay aligned with the demands of the wider market. This has led to the emergence of projects that offer a more environmentally and economically friendly approach to PoW, while also aiming to build Web 3.0.
Let’s take a look at some of the projects that allow people to contribute their resources toward securing the network and earn a yield in the process.
Helium
Helium is a decentralized blockchain-powered network for the Internet of Things (IoT) devices that utilizes a global network of low-energy wireless “hotspots” that broadcast data via radio waves to be recorded on its blockchain.
The network uses a new work algorithm that has been dubbed “proof-of-coverage” to validate that hotspots are providing legitimate wireless coverage and that miners receive the platform’s native HNT token for helping to provide coverage for the network.
The Helium network saw tremendous growth throughout 2021. Currently, there are more than 309,000 nodes in operation.
Helium network statistics. Source: Helium
More recently, the Helium network expanded its capabilities by adding support for 5G wireless capabilities which included the launch of a new line of miners capable of transmitting the 5G signal.
On Oct. 26, Helium announced that it had partnered with the satellite television company Dish Network, making Dish the first major carrier to join the Helium network and offer its subscribers the opportunity to run Helium nodes in exchange for HNT tokens.
HNT/USDT 1-day chart. Source: TradingView
Shortly after these developments, HNT price rallied to a new all-time high at $53.11 on Nov. 9.
Kadena
Kadena (KDA) is a scalable PoW layer-one blockchain protocol that claims to be capable of processing up to 480,000 transactions per second (TPS) thanks to the use of braided chains.
Unlike the top PoW cryptocurrency Bitcoin, Kadena also offers smart contract capabilities similar to those found on Ethereum and features its own smart contract programming language called Pact.
Being smart contract capable means that the Kadena network is capable of hosting decentralized finance (DeFi) and nonfungible token (NFT) protocols, as well as a host of other specialized projects from stablecoins to payment processors.
Some of the goals of the project have been to address the major issues plaguing the Ethereum network such as high transaction costs and network congestion, and claims to offer marginal transaction fees for consumers while also introducing a “crypto gas station” feature that lets businesses create accounts that exist to fund gas payments on behalf of its user base when certain conditions are met.
Kadena utilizes the Blake (2s-Kadena) algorithm as its consensus model which requires native ASIC miners and cannot be mined using GPUs or CPUs.
Recently, KDA launched a wrapped version of its token called wKDA that is capable of interacting with all Ethereum Virtual Machine- (EVM-) compatible networks and their associated DeFi protocols.
In the future, the team behind Kadena also has plans to add cross-chain support for other popular blockchain networks including Terra, Polkadot, Celo and Cosmos.
KDA/USD 4-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView shows that as a result of the recent developments, the price of KDA had surged 1,280% from a low of $2.05 on Oct. 17 to a new all-time high at $28.44 on Nov. 11.
Flux
Flux (FLUX) is a native GPU mineable PoW protocol that is focused on scalable decentralized cloud infrastructure for Web 3.0 applications.
According to the project, the Flux ecosystem is comprised of a suite of decentralized computing services and blockchain-as-a-service solutions which offer an Amazon Web Services-like development environment, as well as the FluxOS second-layer operating system that is capable of running “any hardened dockerized application.”
The Flux network uses the ZelHash algorithm, which is a GPU minable implementation of Equihash 125,4 and can be mined through a Flux community pool or on a variety of third-party pools created by teams that support the Flux mining ecosystem.
The block time on the Flux network is two minutes and the current block reward is 75 Flux, with 50% going to node operators and 50% going to miners.
On Nov. 9, the project introduced “Light Nodes,” which enable Flux nodes to be managed using light wallets so that operators can start and monitor node metrics from any device capable of running the FluxNodes app.
FLUX/USD 4-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView shows that since Oct. 24 when it was revealed that Apple Pay would be integrated with the Flux network’s Zelcore wallet, the price of FLUX has surged 802% from $0.33 to a new all-time high at $2.96 on Nov. 12.
While the PoW model of consensus is no longer the dominant model used by major projects in the crypto ecosystem, these three examples show that it still has a lot to offer because the new platforms are environmentally friendly and economically sustainable.
Want more information about trading and investing in crypto markets?
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
By Rishav Mukherji, Senior Product Manager, Coinbase
Many of our customers are looking for ways to better understand crypto both as an investment and as an app platform, but it can sometimes be challenging to find relevant information at the right time. Coinbase wants the crypto community to be an active part of this education effort. We want to help self-empower the community with easy-to-use sharing tools making it simpler and more fun to share information on your portfolio allocations or key crypto topics such as emerging new assets.
Sharing made simple
We’re making it easier to share information around your assets, such as price changes or portfolio allocations. Simply tap the Share button in the Coinbase app on any asset price page or your portfolio page and share these asset pages with your private network or on your social network. The choice is yours. When you share your portfolio with someone, you will only share your allocation percentages, never your portfolio balance.
You’re always in control
It’s easy to change your sharing settings and you can choose to stop sharing your portfolio allocations publicly anytime. Just go back to your portfolio, select Share and toggle to Private. Now, your portfolio is only visible to you. You’ll see a screen confirming your portfolio is no longer visible to anyone. You can always choose to share your portfolio again in the future by just toggling to Public.
More ways to learn and share, coming soon
We want to empower the cryptoeconomy to share knowledge and information and learn from each other. In the coming weeks, we’re launching new ways for you to share details about your trades. In the meantime, you can always check out our existing resources (Coinbase Learn, Bytes, Earn) to learn more about crypto.
Empowering the crypto community with new ways to learn and share was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Sam Trabucco, co-CEO of Alameda Research, discusses the different price drivers that led to BTC, ETH, SOL, and LUNA reaching new all-time highs in the past week. Show highlights:
why Sam believes no bad news from regulators is good news
what effect leverage has on the crypto markets
the significance of Bitcoin hitting a new all-time high and the crypto market cap reaching $3 trillion
how the approval of a bitcoin futures ETF affected the crypto market
what Sam thinks about the actions of US crypto regulators (hint: it’s probably not what you would think)
why Sam thinks ETH’s price hit a new all-time this week
what Sam thinks about the changes to ETH monetary policy and the upcoming merge to Ethereum 2.0
how Sam views the competition among layer 1 blockchains and why he is not a fan of maximalism
what factors he believes are driving the price of SOL
what sort of projects are being built on Solana, and why people are excited about the ecosystem
what Sam thinks about Terra passing a proposal to burn LUNA
Binance Smart Chain (BSC)-based Era7: Game of Truth combines TCG (trading card gaming) with fast-paced competitive gameplay while incorporating NFT-themed play-to-earn concepts.
Singapore, November 12th, 2021 — Deploying the concepts of GameFi in the exciting combination of DeFi and NFT technologies, upcoming Play-to-Earn trading card game Era7: Game of Truth has successfully closed its first round of fundraising. Investors include some of the most renowned VCs and institutions in blockchain: Hashkey, Huobi, Okcoin, Binary Capital, DAG, Waterdrip, Dreamseeker, BTC12, Tembusu and Mobox.
Era7 will be launched in Q1 of 2022 and is expected to take the global NFT GameFi market by storm. The game has been developed by core team members who hail from well-known international Korean game manufacturers such as Com2uS, NCsoft, Nexon, and Netmarble, companies with more than 15 years of success in the traditional mobile and online video gaming industry.
Game of Truth is an innovative NFT-based competitive game based on TCG (Trading Card Game) concepts, with its creative essence coming from Hearthstone and Magic The Gathering R&D. Standing on the shoulders of giants, the Era7 team aims to bring innovation even further with the development of its GameFi product.
Players collect cards to fight and they win when their opponents are defeated. Given that the learning curve is not steep, the game appeals to all kinds of gamers — from your housewife and granny demographic to your technophile gaming gurus. Players from all levels will be able to find their place in the game. Moreover, Era7 incorporates a complete economic incentive system with the first batch of NFT drops slated for release in December 2021.
Era7 Combines Play-to-Earn & Play-for-Fun!
According to Newzoo, the overall market of the global gaming industry will reach US$175.8 billion in 2021, the total number of players will reach approximately 3 billion, with esports gamers exceeding 474 million. In 2019, the global Collectible Card Game market size was US$ 9,949.63 million and is expected to reach US$ 27,294.79 million by the end of 2026, with a CAGR of 15.89% during 2020–2026. Aware of the growing gaming market, as early as 2018, Era7 had already successfully developed and perfected its game and to date has amassed a user base of more than 10 million players.
The development team has included NFT concepts and technology which greatly benefit players. The income aspect and the value of the NFT assets will naturally attract a large pool of users to join. Furthermore, the game does not require prior knowledge of cryptocurrencies. Getting started is easy, and offers what every gamer wants — strategy and fun gaming.
Standing Out from the GameFi Competition
There are three ways that Game of Truth differs from other GameFi projects on the market. Firstly, the project’s games are rich in depth and content, providing users with long hours of entertainment. The large and well-designed card system is underpinned by a well-developed numerical system that supports innovative gameplay. The combination of a mildly competitive mode with extensive rich gaming content are not usually available in GameFi.
Secondly, the low threshold for players to get started and the extent of gaming content helps attract gamers from the traditional gaming space to join, creating a huge market when combined with the blockchain/crypto gamers.
Lastly, novice or experienced gamers can all have fun and benefit from play2earn — and that is a truth shared by both developers and players in this brave new horizon of GameFi. Both the project and the players work hand in hand to create an ecosystem of gaming that produces value to mutually benefit both parties.
Top Quality Trading Cards to Fight, Trade or Sell
Traditional TCG users will resonate with the exquisitely designed and excellent quality of all the Era7 cards. Card combination strategies are distinctive, and the game has established a market-oriented approach since the beginning of its game development. Presently, strategy gaming and play2earn, all while having fun, are its highlights.
The game contains 1,000 different cards, each having different values and attributes, bringing players a variety of card combination strategies. A lightly competitive 3-minute game can provide gamers with endless imagination and fun, thanks to the unlimited changes in strategy.
What to Expect in Era7’s Premiere NFT Drop this December!
Era7’s debut NFT launch is planned for December 2021, with the Master Card and Blind Box containing different card highlights.
One billion Era tokens will be issued with more than half of which will be used for in-game incentives. Players can obtain Era tokens through the following: in-game event rewards, participation in daily PVP (player versus player) and various tournaments, land pledges and marketplace purchases. The Era tokens held by the player can be exchanged for cryptocurrency that can be traded on exchanges.
Competitive Gameplay Development, Ecosystem Expansion and UE are underway
Era7 currently offers strategic gaming that provides competitive elements, with a focus on PVP gameplay. The game is designed to successively open up different types of competitions between players, such as ranked games and World Cup games, as well as other gaming activities such as watching and betting. While attracting traditional esport stars to participate, it will also groom and train new Era7 stars.
Plans for 2022 to 2028 include building a scalable competitive ecosystem that will encompass a live broadcast platform, esports community, animation series and GameFi IP. In the future, the most advanced UE engine will be deployed, combined with the Era7 platform to launch a competitive product based on the metaverse.
About Era7: Game of Truth
Era7: Game of Truth is a Play-To-Earn NFT-based trading card game (TCG). It offers the perfect combination of traditional gaming and decentralized finance (DeFi) to gamers, bringing an entertaining gaming experience while providing an avenue to earn.
According to Era7 ancient folklore, the seven races on the continent of Truth battle against each other for supremacy all year long, to vy for the title “King of Truth”. The victor from the Game of Truth emerges as the ruler of the continent whereby he and his race then enjoy the highest honors in the land.
Founded by core team members from internationally renowned game developers with over 15 years of valuable experience such as Com2uS, NCsoft, Nexon, and Netmarble, Era7 is backed by heavyweight VCs and blockchain institutions such as Hashkey, Huobi Group, OKcoin, Binary Capital, DAG, Waterdrip, Dreamseeker, BTC12, Tembusu and Mobox.
Era7: Game of Truth Official Links
Website: https://www.era7.io
(desktop browser currently recommended, mobile capability in development)
Coinhako, an Asia-based cryptocurrency exchange, announced today the launch of its platform for institutional and high-net-worth customers, Coinhako Privé.
With the launch, all Coinhako Privé clients enjoy access to the following suite of services:
Institutional grade liquidity and digital asset management tools
Round-the-clock white-glove services provided by a dedicated personal relationship manager
Zero percent trading fees and competitive pricing
“After years of consultations, experiments and research, we are pleased to officially unveil Coinhako Privé. Created to suit the growing demands for Coinhako services from institutional and High-Networth Individual (HNWI) customers. In order to better serve this growing customer segment, our team set out to craft this bespoke solution to better suit their needs. Coinhako Privé offers specially tailored bespoke services for an esteemed class of clients to manage their digital assets like Bitcoin, Ethereum, and more. Think of it as visiting a bespoke tailor where every detail of your custom-made suit is crafted to perfection, except that with Coinhako Privé, our team of dedicated experts assists you with managing your digital asset portfolio.” – The Coinhako Team
Offer for opening an account at Coinhako Privé
Upon the creation of a new Coinhako Privé account, clients will be gifted a welcome pack (shown below) to make the onboarding experience a special one. Moreover, those who are among the first 25 to register their interest for Coinhako Privé until November 12th will receive a $200 sign-up bonus.
The Cardano Africa tour had been in full gear for a couple of weeks now, ending when Hoskinson had returned back to the States. Founder Charles Hoskinson had announced the tour after the successful launch of smart contracts capability on the blockchain and last month, the tour had kicked off.
Hoskinson and the Cardano Foundation plan to meet and liaise with developers of Cardano-based projects and officials of various countries to discuss the acceleration of blockchain adoption on the continent.
Related Reading | Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens
Judging by Hoskinson’s Twitter feed, the tour has been going as planned as he has met with a number of project leads and officials in various countries so far. One thing that remains a mystery is the secret meetings. Cardano developer IOHK has met with Zanzibar Officials but these meetings have been kept private from the general public. Here’s what we know.
Mapping The Future For Zanzibar
Finding ways to grow interconnectedness around the continent had been one of the goals of the Cardano Africa tour. The foundation had gone into this full-swing once Hoskinson had touched down in Zanzibar. Talks of technological advancement in the region have dominated this leg of the tour.
ADA price trading at $2.126 | Source: ADAUSD on TradingView.com
Charles Hoskinson himself had personally inspected solar battery modules and telecom station installations in the country. This was in an effort to bolster social advancement and help businesses succeed.
IOHK and Zanzibarian officials had discussed how to bring to fruition a more connected future for the citizens in a meeting hosted by World Mobile Team. The meeting which was held on November 8 saw both the Zanzibarian government and IOHK align values for the future, pointing out that empowerment efforts being carried out by officials to give fishermen their own boats was the kind of work the developer was interested in.
Cardano Pushing Growth In Africa
The Cardano Africa tour is only another in the series of steps that the developer has taken to help promote innovation on the continent. Crypto enthusiasts have always looked to Africa as being a hotbed for blockchain adoption and Cardano has made sure to help foster the growth in the region. Particularly the growth of Cardano-based projects.
This is why millions of dollars have been spent by the foundation to fund African projects. While there, Hoskinson had made strides for Cardano to lead blockchain development in African countries and one of the ways had been education.
Related Reading | Cardano Flips Solana, Tether To Reclaim Spot At 4th Place
Cardano Foundation provides financial and educational support when needed for startups in Africa. Furthermore, a deal had been struck with the Ethiopian government to launch digital IDs that would help track the academic performance of students in the region on the Cardano blockchain. The idea is that if students’ performances can be tracked, then the quality of education can be improved based on the needs of the students.
Hoskinson has lauded the potential which the African continent holds for blockchain development and plans to expand the operations of Cardano on the continent in the coming years.
Featured image from CryptoNinjas, chart from TradingView.com
This Veterans Day, we’re committing to investing in our extraordinary veterans and service members. Our mission is to increase economic freedom in the world, and our work has always been driven by the fact that we believe we can help to build a more fair and equitable financial system for everyone.
As a veteran myself, I’ve seen firsthand the benefits of service. I’ve also seen how difficult it can be for some veterans to be afforded the opportunities to translate their incredible skills learned in service to the business world. To harness that potential and recognize the vital and unique talents of our veterans, we are partnering with the following organizations: Bunker Labs,The COMMIT Foundationand Shift. Our partnerships will focus on two core areas:
Committing $200,000 to each partner organization to support their mission to advance economic opportunities for service members, veterans, and their families
Dedicating an additional $1 million for a new fund to create unique incentives for veterans and service members to learn more and participate in the cryptoeconomy. This will include bespoke training, networking, and career development opportunities
Alex Krongard, CEO, The COMMIT Foundation: “On this Veterans Day, I am truly grateful and humbled by Coinbase’s amazing contribution towards helping our service members and their families transition into meaningful and purpose-filled post-service lives. Their sense of service and commitment to their communities and our nation is of incalculable value and needed now more than ever. Again, my sincere thanks and a promise that the COMMIT team will continue to do our utmost in support of our veterans.”
Mike Slagh, Founder & CEO, Shift: “Shift is over the moon to partner with Coinbase to create new educational and career advancement opportunities within crypto and blockchain technologies for the military community. Our veterans represent one of our nation’s most resilient and diverse workforces, and our community’s passion for learning gives me belief that veterans have an important role to play in the modern workforce. The dedicated members of the Coinbase team have graciously volunteered their time to support our community since our company’s founding days, and I’m so grateful to begin to scale the impact that veterans and military supporters at Coinbase are already creating with military members, past and present.”
Blake Hogan, CEO, Bunker Labs: “With the commitment and financial support of companies like Coinbase, veteran entrepreneurs across our great country will have access to the professional networks and educational resources they need and deserve, to take on the challenge of starting a business. We are excited and grateful to partner with Coinbase and thank them for their support.”
Moving forward, we will continue to develop additional programming to support veterans and service members. That includes contributing to these existing partnerships while also recognizing the unique skills and attributes of our veterans as we build a championship team at Coinbase. To that end, we also look forward to adding more talented veterans and service members as we continue to grow.
Advancing economic freedom for our veterans and service members was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
