Crypto Shuttle News

Tag: Trading

  • Robinhood Buys Trading Platform Cove Markets

    Robinhood Buys Trading Platform Cove Markets

    [ad_1]

    American no-fee broker Robinhood announced on Tuesday that it has acquired cross-exchange trading platform Cove Markets. This will allow investors on Robinhood to easily manage their cryptocurrency accounts.

    The official blog post highlighted that both the companies ‘share a common goal of making investing in cryptocurrencies simpler and lower cost’.

    As a part of the acquisition, Cove Markets co-founders Scott Knudsen and Victor Glava, along with their team, will join Robinhood’s crypto unit. However, neither of the companies have disclosed the amount involved in the
     
     acquisition      deal.

    “Scott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry,” Christine Brown, Chief Operating Officer of Robinhood Crypto, said.

    “Their wealth of experience in trading
     
     execution      and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits of better competition in the crypto markets to our customers.”

    Filling the Gap Between Crypto Exchanges

    Founded three years ago, Cove Markets is building tools to help crypto investors manage their accounts maintained across multiple exchanges.

    “Now, we are excited to join Robinhood to help build a world-class platform that can improve trading for millions of customers,” Cove Markets CEO, Knudsen, said.

    Robinhood started to offer cryptocurrency investment services in 2018 in addition to its regular commission-free stock trading services. Though it does not allow investors to own and move crypto like other dedicated crypto exchanges, it is in the process of rolling out a crypto wallet.

    Meanwhile, crypto trading demand on Robinhood soared with the initial rally of meme tokens earlier this year as it was the only credible American exchange to list them at the time. The platform generated more than half of its transaction-based revenue in Q2 2021 from crypto trading, but the demand faded away in the next quarter.

    American no-fee broker Robinhood announced on Tuesday that it has acquired cross-exchange trading platform Cove Markets. This will allow investors on Robinhood to easily manage their cryptocurrency accounts.

    The official blog post highlighted that both the companies ‘share a common goal of making investing in cryptocurrencies simpler and lower cost’.

    As a part of the acquisition, Cove Markets co-founders Scott Knudsen and Victor Glava, along with their team, will join Robinhood’s crypto unit. However, neither of the companies have disclosed the amount involved in the
     
     acquisition      deal.

    “Scott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry,” Christine Brown, Chief Operating Officer of Robinhood Crypto, said.

    “Their wealth of experience in trading
     
     execution      and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits of better competition in the crypto markets to our customers.”

    Filling the Gap Between Crypto Exchanges

    Founded three years ago, Cove Markets is building tools to help crypto investors manage their accounts maintained across multiple exchanges.

    “Now, we are excited to join Robinhood to help build a world-class platform that can improve trading for millions of customers,” Cove Markets CEO, Knudsen, said.

    Robinhood started to offer cryptocurrency investment services in 2018 in addition to its regular commission-free stock trading services. Though it does not allow investors to own and move crypto like other dedicated crypto exchanges, it is in the process of rolling out a crypto wallet.

    Meanwhile, crypto trading demand on Robinhood soared with the initial rally of meme tokens earlier this year as it was the only credible American exchange to list them at the time. The platform generated more than half of its transaction-based revenue in Q2 2021 from crypto trading, but the demand faded away in the next quarter.

    [ad_2]

    Source link

  • A Deep Dive Into Era7: Game Of Truth, a Play-To-Earn NFT Trading Card Game | by Bit Media Buzz | Nov, 2021

    A Deep Dive Into Era7: Game Of Truth, a Play-To-Earn NFT Trading Card Game | by Bit Media Buzz | Nov, 2021

    [ad_1]

    Bit Media Buzz

    Era7’s ‘Game Of Truth’ joins GameFi and offers players mildly competitive entertainment that provides an avenue to earn.

    Blockchain technology is quickly redefining the gaming industry by introducing an economic incentive model. Presently, the metaverse is an industry estimated to be valued at a USD 300 bn market cap by 2025. As the industry continues to expand, play-to-earn games like Era7 have taken center stage, bringing new and interesting innovations to the gaming sector.

    Era7 is a gaming platform built on the Binance Smart Chain (BSC) that blends TCG (trading card gaming) with fast-paced competitive gameplay while incorporating NFT-themed play-to-earn features.

    With GameFi and the NFT-powered economy at the heart of Era7’s product offering, the project intends to push innovation even further, allowing players to experience the euphoria of gameplay and benefit from the economic value that GameFi offers.

    Meet the Team and High-Profile Industry Backers

    Members of the Era7 core team come from well-known international Korean game companies such as Com2uS, NCsoft, Nexon, and Netmarble, all of which have more than 15 years’ history in the traditional mobile and online video gaming industry.

    So far Era7 has received strategic investment and backing from renowned VCs, industry heavyweights, and institutions in the blockchain industry, including Hashkey, Huobi Ventures, Okcoin, Binary Capital, DAG, Waterdrip, Dreamseeker, BTC12, Tembusu, and Mobox. Era7 backers and partners are strategically aligned with the vision and mission of the gaming platform, bringing industry experience and the valuable connections necessary to position Era7 as a cutting-edge NFT-powered trading card gaming platform.

    Game of Truth: The Backstory

    Era7’s artistic inspiration comes from TCGs like Hearthstone and Magic: The Gathering.

    The Game of Truth plot revolves around seven races on the Continent of Truth who compete for the title of “King of Truth.” Amongst the races are groups of specially gifted individuals who are sent to attend Summoner Academy to undergo rigorous training where they graduate to become Summoners. Upon graduation, they travel the world to make Summoning Pacts with the most powerful amongst the seven races, to establish strong allies in order to consolidate their power.

    Since ancient times, throughout the year, battles amongst the Summoners have been held in the heart of the Continent. These Summoning Battles attract Summoners from all over the world who battle for the “King of Truth” title. The winner is crowned King of the Continent, and he and his race are awarded the highest honors in the land.

    Game of Truth: The Trading Cards

    There are 1,000 exquisitely crafted cards in total — Master Cards for summoning and other functionalities and Battle Cards for combat gameplay. The cards all have unique values and attributes, allowing players to create a wide range of card combination strategies.

    The fact that there are so many cards with different attributes allows the game to be random, providing endless possibilities for each battle. The large and well-designed card system is underpinned by a well-developed numerical system that supports innovative gameplay.

    There is a rating system which categorizes the cards into 4 ranks — Common, Rare, Epic, and Legendary. The unique Master Cards and Battle Cards, which are also NFT collectibles, can be traded. The Battle Cards serve as the foundation for combat gameplay — before they can begin fighting, players must have at least 30 Battle Cards.

    Game of Truth: The Gameplay

    The Game of Truth is a three-minute battle game designed to utilize strategic thinking to help players increase their competitive advantage, evolve strategically while they play, dive into the adventure of a lifetime and connect with like-minded gamers worldwide.

    The NFT-based trading card gaming platform aims to become the gamer’s choice by offering mildly competitive and fast-paced gaming. Using their Master Cards, players can summon Battle Cards to fight within various categories of competitions, such as PVP (player-versus-player), PVE (player-versus-environment), Daily or Weekly Quests, Real-Time Tournaments and fast-paced Championships. Ranking games and World Cup games, as well as other gaming activities like placing bets are being planned. Players will be able to obtain valuable tokens as well as NFT incentives during the game battles.

    Game of Truth: an NFT-powered Play-To-Earn Economy

    According to Era7, their first NFT sale is planned for December 20th, 2021, with Master Card and Blind Box containing different card highlights. To get the most up-to-date news and developments on this highly anticipated NFT sale, both players and investors should follow Era7 on Twitter and Telegram.

    Using the GameFi model, Game of Truth empowers ordinary game players to reap extraordinary economic benefits. Era7 is built around NFT concepts like play-to-earn gamification, rewarding players for winning battles.

    Both the Era token and the GOT token power the Era7 gaming economy. GOT tokens can be earned by participating in PVP and PVE and can also be purchased with Era tokens. Era tokens can also be used to purchase Master Cards, Battle Cards and NFT mystery boxes, as well as other in-game functionalities like purchasing land, or to get more community rights when participating in governance voting. It is also the token which will be tradable on exchanges for other cryptocurrencies.

    If a player wins a PVP battle game, he will receive GOT tokens and a PVP rank. A higher rating will also allow players to earn more GOT tokens during battle. Rewards will be paid out on a daily/monthly basis.

    With an incentivized gaming economic model, blockchain is redefining what we know to be the conventional gaming model, giving gamers the ability to earn passively while getting entertained.

    Also, players will have ownership of their in-game digital items and collectibles which in most cases have a real-world monetary value attached to them, unlike in traditional gaming platforms.

    More than half of the one billion Era tokens issued will be utilized for in-game rewards. In-game event incentives, participation in daily PVP and other tournaments, land pledges, and marketplace transactions will be some of the many avenues players will be able to accrue Era tokens.



    [ad_2]

    Source link

  • Era7: Game of Truth, a Brand New Innovative Play-to-Earn NFT Trading Card Game, hits GameFi | by Bit Media Buzz | Nov, 2021

    Era7: Game of Truth, a Brand New Innovative Play-to-Earn NFT Trading Card Game, hits GameFi | by Bit Media Buzz | Nov, 2021

    [ad_1]

    Bit Media Buzz

    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)

    Twitter: https://twitter.com/Era7_official

    Telegram: https://t.me/Era7_Official

    Discord: https://discord.gg/yUjGpQ35

    Email: contact@era7.io



    [ad_2]

    Source link

  • Bringing advanced trading tools to Coinbase

    Bringing advanced trading tools to Coinbase

    [ad_1]

    As our customer needs evolve and more sophisticated trading tools are required, we’re exploring creative solutions to continually improve the Coinbase experience for everyone on one unified platform. Starting today, a small number of Coinbase customers will begin gaining access to advanced trading functionality on coinbase.com, enabling a world-class trading experience plus access to other popular Coinbase features like staking and yield, all from a single balance.

    Advanced trading on Coinbase integrates powerful tools into an easy-to-use, trusted platform. See how crypto markets are moving and understand historical trends with a real-time order book, depth charts to visualize it all, and advanced charts and indicators powered by TradingView.

    Eligible customers will be notified via email when advanced trading becomes available to them, with more customers gaining access in the coming weeks. Stay tuned for the next set of milestones as we continue investing in building the best trading experience for all customers on Coinbase.

    Coinbase offers simple and advanced trading. Advanced trading is for experienced traders and is subject to the Trading Rules. Fees on the two platforms vary. Content is for informational purposes and not investment advice. Investing in crypto comes with risk.

    Bringing advanced trading tools to Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

    [ad_2]

    Source link

  • Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’

    Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’

    [ad_1]

    The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app.

    The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac will soon follow suit.

    According to a Nov. 3 announcement, the CBA has partnered with the Gemini crypto exchange and blockchain analysis firm Chainalysis to launch its crypto services. The bank will launch a pilot for a limited number of customers in the coming weeks, before rolling out the full service in 2022.

    Ten crypto assets will be supported in its banking app, with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) named at this stage.

    Steve Vallas, CEO of Blockchain Australia told Cointelegraph that this move was “extraordinarily important” as the big four banks in Australia “underpin our national and international reputation as a financial services destination.”

    “The confidence that this provides local digital asset sector participants will be dwarfed by the impact that this signal sends around the world that Australia should be a destination for cryptocurrency and digital asset adoption.”

    Vallas believes the rapid growth and adoption of crypto has “shifted the risk of maintaining a wait and see approach” in the view of the big banks to a risk of “inaction” and being left behind. Vallas believes it is only a matter of time before the other major Australian banks launch their own crypto services.

    “It is inevitable that the other banks will follow suit. Clarity in the local regulatory landscape is emerging with issues such as licensing being tackled head on by industry and by Governments. That impediments to action and participation are being removed,” he said.

    Caroline Bowler, the CEO of local crypto exchange BTC Markets echoed similar sentiments to Vallas, noting that “with regulation in the offing and the largest bank in the country allowing it, the floodgates are now open for more appetite from traditional finance.”

    “CBA’s move is exciting and inevitable. It’s yet another ‘red-letter day’ for crypto and it is as though Australia has suddenly put the lead foot down. We have been touted as playing catch up all this while, but now we’re moving into a leadership position globally with our largest bank.”

    Dave Abner, the Global Head of Business Development at Gemini said that his firm was “proud” to be working with CBA to launch world leading crypto services.

    “The exponential growth of digital assets internationally, coupled with Gemini’s institutional-grade security and proactive regulatory approach, positions this partnership to set a new standard for banks and financial platforms in Australia and across the globe,” he said.

    Not everyone was pleased with CBA’s partnership however, with Adrian Przelozny the CEO of Australian crypto exchange Independent Reserve expressing his dismay over the bank partnering with an overseas firm.

    “It’s disappointing that CBA went with an overseas player and didn’t engage with local players at all. We will be reaching out to the other Australian banks now,” Przelozny said.

    Related: Australian Senators pushing for country to become the next crypto hub

    Cointelegraph reported on Oct. 15 that Allan Flynn, a Canberra-based Bitcoin trade settled his first complaint at the ACT Civil and Administrative Tribunal against ANZ for de-banking him in 2018 and 2019 due to his occupation as a Digital Currency Exchange (DCE).

    While ANZ denied any liability, the bank offered him a chance to reapply for a bank account, suggesting that the bank is more open to crypto than it was two to three years ago. Flynn also has a similar case against Westpac ongoing.

    Commenting on today’s news, Flynn told Cointelegraph that the crypto landscape in Australia is rapidly changing:

    “There a lot of things suddenly happening in the Australian Bitcoin space; you have the Senate inquiry, ANZ’s acknowledgment of a legit human rights question to be answered in my complaint, AUSTRAC’s extraordinary statement on de-banking last Friday and now CBA’s digital currency plans being unveiled.”

    “I’m just here arguing my lawful human rights and hoping it makes a difference,” he added.