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Cryptocurrency Exchange Coinbase is Permitting Traders and Investors to Purchase Stocks

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According to the latest announcement, Coinbase, an American cryptocurrency exchange platform, is all set to go live within two weeks, allowing investors and traders to purchase stocks in the trading platform. 

An official announcement states that Coinbase’s stock will begin trading on the Nasdaq Global Select Market under the ticker symbol COIN on April 14, 2021.

Founded in 2012, Coinbase is a leading U.S.-based cryptocurrency exchange that operates remote-first without an official physical headquarters. It has a strong presence in the cryptocurrency market. The company aims to build the crypto economy to establish a transparent financial system enabled by cryptocurrency assets.

Initially, last year in December 2020, a leading crypto exchange platform announced that it is going public. Brian Armstrong expressed concerns about Bitcoin trading at that time, and despite that, Armstrong appears confident that whatever bitcoin is incurring, it is likely the start of something big.

After deciding to go live, the crypto exchange filed Form S-1 with the Securities and Exchange Commission (SEC). As things are now going in the right direction, one can only conclude that the exchange passed the financial agency’s approval procedure, which is applied to all firms requesting public trade options.

As a part of this announcement, Armstrong commented that we are committed to bringing the potential of crypto to everyone. He further stated that we would continue to strive to provide customers with the highest levels of security, trust, and transparency during times of intense demand. 

The Period of Extreme Demand Has Truly Arrived, Says Armstrong

In December 2020, when Armstrong announced that Coinbase plans to go public, he noted that all have to believe that we are still in the initial stages and that there’s a lot more to come. Now, as Bitcoin is trading for more than $59,000 per unit, it seems like Armstrong’s statement has truly arrived. 

Many major companies, including Tesla, Mastercard, Bank of New York Mellon Corp., Visa, and others, are showing interest in crypto space and allowing crypto payments for goods and services. Tesla announced that people can now buy a Tesla with bitcoin in the U.S. Similarly, Bank of New York Mellon Corp., according to the announcements, is also investing in a cryptocurrency startup named Fireblocks to embrace digital assets. Visa, a major credit card provider, also announced that it is collaborating with cryptocurrency exchange platform and card issuer Crypto.com to facilitate a crypto settlement system for fiat transactions. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Cryptocurrency Exchange Coinbase is Permitting Traders and Investors to Purchase Stocks

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XRP price surges 55% to a 3-year high amid push for financial inclusivity

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XRP price saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market cap has renewed its focus on the creation of a cross-border payment network that is inclusive and sustainable. 

Data from Cointelegraph Markets and TradingView shows that XRP dropped to a low of $0.566 in the early hours on April 4 before a wave of trading volume helped lift its price to a high of $0.877 within the last few hours.

XRP/USDT 4-hour chart. Source: TradingView

The uptick in trading volume was sparked after Ripple posted a blog entitled “Creating a More Financially Inclusive and Sustainable Future” which discussed how the project has partnered with “mission-driven financial technology companie, leading universities, NGOs, foundations and social entrepreneurs to create greater economic fairness and opportunity for all.”

A second wave of buying took place on April 5 after Ripple posted the following announcement detailing its most recent acquisition designed to enhance its cross-border payment capabilities:

Combined, these recent announcements have led to a 257% increase in XRP trading volume over the past two days from an average 24-hour volume of $5 billion on April 4 to $18.4 billion traded on April 5.

While this rally caught many traders by surprise, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XRP on March 31, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic 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. XRP price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for XRP climbed into the green and registered a high of 67 on March 31, roughly four days before the price began to spike.

The VORTECS™ Score has also risen significantly alongside the price increase on April 5, reaching a high of 84 at the time of writing. Previous backtesting of the VORTECS™ system indicates that based on its rising score, that the price of XRP may still have further upside to go as trading and Twitter volumes continue to show significant increases.

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.

XRP price surges 55% to a 3-year high amid push for financial inclusivity

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Tokenomics From Myths to Reality

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Codezeros

Now that the world is transforming towards a more technologically enhanced environment, newer terms are occupying markets. Every day there is something new coming up and surprising us. The tech market has given us a brand-new term to ponder upon, Tokenomics!

So, what is it? Well, Tokenomics is widely defined as a system used for formatting pricing policy for tokens. Tokenomics is basically an amalgamation of two words: Token and Economics.

The driving concept of Tokenomics is none other than Blockchain and cryptocurrency development services. Here, we will have a look into how Tokenomics is becoming prevalent for tokenized transactions and what the challenges are waiting on its way.

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Tokens and Tokenomics:

Tokens are value units assigned by a specific organization and a part of an existing blockchain. Tokens can have value in the form of a certain service, ownership, or rights over any asset. The values are more of use cases than currency.

Tokens should also possess certain qualities to qualify as valid Tokens. The value assigned to a token must be scalable and be resilient to inflations. The basic Tokenomics is what helps a token to get funded, thus promoting a financially sustainable business model of tokenization blockchain service provider.

The future is digitized, and thus, improvising on the revenues in digital spaces can be richly aided with the involvement of Tokenomics. Digitization of assets is the very first step towards building a digitally stable and competent business system by virtue of tokenization security.

Why Tokenomics?

Tokenomics is fundamentally different from economics and has an important role to play in the growth of digitization. With the intervention of Blockchain and cryptocurrency, the security of transactions has increased manifolds, and it is strongly believed that the future is tokenized.

Let’s see some applications of Tokenomics.

Producer-Consumer Alignment:

Tokenized economies are helpful for consumers whose values are not aligned with big profit-centered enterprises. Bypassing such enterprises will bring you closer to token-based blockchain networks where consumers and producers join hands to meet each other’s specific needs and establish a healthy relationship.

Full Cost Accounting:

With the use of tokens, the prediction of both social and economic costs can be done effortlessly. This is a great benefit for multiple stakeholders, and thus, the involvement of Tokenomics is highly encouraged in such fields.

Investments:

Investors all around the globe are searching for opportunities that will let them analyze and look through the vulnerabilities and benefits of each investment made. This not only lets them build a reliable and robust model but also helps them to mobilize their business throughout the community. Token Development Services, along with Tokenomics, is an aid for the aforesaid plan and certainly is a factor that lets the business ecosystem grow to match the ongoing digitization standards.

Challenges about Tokenomics

Now there are four challenges that Tokenomics is facing while growing into a reliable business aid.

The first one is mental inertia. This is basically a stopping force that is raging among people who have never used such technologies in their business. Thus, fear and uncertainty creep in to form a rigid belief that may be; the outcome would not be as expected.

Tokenomics, being quite an infant technology, is still not preached globally, and many businesses resort to equip such newer technologies in their model. This is certainly because Tokenomics is either overly simplistic or cautious.

The next challenge about Tokenomics is associated with the inculcation of Artificial Intelligence. A lot of stakeholders believe that AI involvement might lead to False paths, and thus, the ultimate outcome will be that the business failed to reach where it headed to. The lost path might not be a good risk to take, and hence tokens are avoided by such businesses.

The third and one of the biggest challenges that token development services face is the existence of Government rules and restrictions. In many cases, these rules and regulations are contradicted by Tokenomics policies, and thus, they are unable to cross through the judicial barriers, to reach out to potential businesses.

The last Challenge to mention regarding Tokenomics is that people think differently about this new aspect of the digital business scheme. The dilemma to decide on whether to bring in Tokens or avail of cryptocurrency development services as part of a business is a confusing question, and the answer solely depends on one’s requirement.

How to overcome the challenges?

Now that these challenges are visible around, it is important to seek help from crypto security companies and systemize the entire process of bringing in Token services in a business.

  • Start with describing the expectations from the product of the project, along with customer characteristics. This will enable you to assign the value of each Token accurately.

Conclusion

The arrival of new technologies does face a bit of resistance in the first go, but with time and developments, the option available widens, and people start trusting the newcomer. Tokenomics has a long way to go, and it has already started the journey with little steps. Businesses that have equipped Tokenomics will serve as encouragement for others, and the growth will stabilize soon.

Tokenomics From Myths to Reality

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Professional Opportunities in Blockchain Space

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Professional Opportunities in Blockchain Space

Blockchain is a booming sector, and therefore there are ample opportunities waiting for you in the market. If you want to get started as a Blockchain Expert or as a Blockchain Developer, we have got you covered as this article talks about the best online degrees for Blockchain enthusiasts. 

Table of Contents 

  • The Upsurging Need for Blockchain Experts 
  • Career Opportunities in Blockchain
  • Concluding Lines: Best Online Degrees You Must Consider

The Upsurging Need for Blockchain Experts 

Blockchain is lately gaining an immense reputation for its industry-disrupting capabilities. As a technology that simplifies complex business processes by offering decentralization, transparency, immutability, security, and privacy, a Blockchain is a must-know tool in today’s context. Blockchain Developers have become very valuable in the job market, with jobs ranging from $150,000 to $250,000. Glassdoor reports that the national average salary for a Blockchain Developer is £50,625 in the United Kingdom and that in China, it is 元3,77,580, indicating that Blockchain professionals are in high demand.

Of course, not everyone is cut out for these opportunities. If you are looking for career opportunities in this domain, you must acquire the skills that set you apart. 

Career Opportunities in Blockchain

Blockchain Developer 

This is one of the most in-demand skills at present. Tech giants, enterprises, government institutions, and even startups are looking for skilled Blockchain Developers.

A Blockchain Developer understands Blockchain technology profoundly and can build Blockchain-based applications for specific use-cases. In other words, he/she specialize in creating and implementing technical solutions with Blockchain Technology. 

A proficient blockchain developer holds a strong knowledge of bitcoin-like blockchains, including other types of Blockchain like Ethereum, Hyperledger, Corda, etc., and responsible for Blockchain evaluation and smart contract development. He develops interactive front-end designs for dApps(decentralized apps) and supervises the entire stack running their dApps.

Given the complexity of technology, it is vital to have truly specialist advisory. A Blockchain consultant provides advice and critical guidance in terms of Blockchain Technology, Cryptocurrencies, and Smart Contracts. As companies are adopting and implementing this distributed ledger technology, they are also looking for legal expertise on what considerations to make while investing, to know the implications of their actions, how to handle their finances, etc.

Blockchain Architect 

A Blockchain architect offers end-to-end solutions to its customers using Blockchain technology and helps develop an overall blockchain ecosystem engagement strategy. 

An architect progressively makes critical decisions in terms of implementation, operations, and maintenance that define a specific direction for a system and act as a technical liaison between customers, service engineering teams, and support.

In order to become one, one must understand Blockchain architecture basics, tools required, how to develop network nodes, and how to architect his own Blockchain solution.

Blockchain Quality Engineer

The quality engineer conducts testing and automation and ensures that all sections of the project are of the required quality, and guarantees that all operations are of perfection in the Blockchain development environment. Thus apart from having in-depth technical skills, excellent communication skills would go a long way in maintaining good work relationships. 

Here it is important to note that these are not the only roles. Be flexible as these careers come in many forms. Apart from the ones mentioned above, other connected roles are Accountants, Crypto Journalists, Analysts, ICO advisors, and many others.


Concluding Lines: Best Online Degrees You Must Consider

Now, as you have learned that there are ample opportunities in this domain, the time has come to explore some of the best, well-known online degrees in order to take your career to new heights. 

Online Degree in Blockchain

Online Degree in Blockchain is designed to equip you with the profound knowledge of Blockchain technology. Backed by the extensive practical-based sessions, completion of this blockchain degree ensures to render you the required competence to have a successful career in the Blockchain sphere.

As Blockchain technology has taken the digital world by storm, the future of Blockchain technology is promising. Becoming a master in Blockchain technology by going through an Online Degree in Blockchain unfolds the world of opportunities for you.

Moreover, you must consider Online Degree- Blockchain for Business as this particular course will provide you with the essential skills to leverage Blockchain technology for increasing business potential. 

Online Degree in Cryptocurrency & Trading 

Online Degree in Cryptocurrency & Trading is an online program with the provision of concise and effective comprehension of Cryptocurrency and trading. This degree program focuses on the in-demand industry requirements needed to have excellence and good command in Cryptocurrency and Trading space. With this program, you will master the Cryptocurrency market by learning from veterans in the Cryptocurrency space. You will learn Technical Analysis, Candlesticks, Blockchains, Derivative Trading, and Good Investment Strategies to make you successful in the Crypto market.

As Blockchain is evolving, evolve yourself too with Blockchain Council and become a certified Blockchain professional. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Professional Opportunities in Blockchain Space

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Beeple’s $69 Million NFT Buyer Says NFTs Could Democratize Digital Arts

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The mysterious buyer of Beeple’s ‘Everyday: The First 5000 Days’ has been revealed to be an entrepreneur and angel investor, Vignesh Sundaresan.

No Regrets For Spending $69 Million On NFTs

In his first television interview on CNBC SquawkBox, Sundaresan, who goes by the pseudonym MetaKovan said that he was ready to make a much larger bid for digital art, given that it will be pivotal in the subsequent growth of the non-fungible token (NFT) space.

According to the coder, he has no second thoughts about paying so much for what many say is easily accessible on the internet. To him, NFTs presented a pathway through which digital artists and art collectors could trade art easily and efficiently.

Sundaresan also noted that the $69 million NFT was a significant piece of art history. It may take some time for people to recognize what potential there is in the NFT artwork, but he considers it a privilege to bring the art into global focus.

Beeple, whose real name is Mike Winklemann, has become somewhat of a pop culture digital artist since the explosion of tokenized digital arts. His Crossroads digital depiction of past US president Donald Trump was reportedly resold for $6.6 million. He has gone on to sell his NFTs at outrageous sums, and he says this has been a blessing following the pandemic drying up revenue sources.

But Beeple is not the only one making something out of a growing fantasy. NFT has changed so many sectors like real estate (Decentraland), quotes, video highlights, collectibles, and a whole business line is quickly emerging.

The NBA partnered with Dapper Labs’ Top Shot in 2019 to move into the NFT space. The partnership has been hugely successful as the NBA Top Shot sells video highlights of NBA players. A LeBron James slamdunk video highlight went for $200,000. So far, the NBA Top Shot is thriving, making as much as $500 million in NFT sales.

NFTs And Crypto Here To Stay

Sundaresan said he started in the crypto industry with no money. To invest in this burgeoning industry, he worked for cryptocurrency companies and invested in fast-growth companies focusing on digital assets in 2013.

Although he declined to state how much he owns in crypto, Sundaresan said he has holdings in Bitcoin, Ethereum, Polkadot, and Flow. He also noted that NFTs and crypto’s all-encompassing feature would see it override any ban by regulators.

“If regulators were tighter in previous years, that would have stifled innovation. I think we’re at a point where they see the positive impacts of crypto around the world,” he said.

This is following growing concerns in India that the government is set to outlaw private crypto ownership. The Asian nation has been a checkered history with crypto going as far back as the 2018 blanket ban overturned in 2020. Now, the government is revisiting, and it seems everything will go according to plan.

The government has repeatedly pointed to all the disadvantages surrounding crypto, saying its continued use could harm the global economy.

Beeple’s $69 Million NFT Buyer Says NFTs Could Democratize Digital Arts

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Blockchain Technology as an Application to Combat Covid-19

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Codezeros

With the past year being a wave stirrer in the lives of one and all, the pandemic has certainly left us all hoping for better things to come. The advent of the coronavirus has largely impacted industries, businesses, communities, and countries as a whole. By affecting each and every path of life, the pandemic has made it difficult for individuals to attain a gasp of air.

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With the number of cases increasing day after day, the death toll had been skyrocketing on to time. As a result, the economy is hit by a hard blow with Sensex falling every other day. It resulted in most of the brands being shut down with big companies facing the loss of a few million.

This emerged the dire need for having a technological solution addressing the growing concern. With governments largely scrambling to address the underlying issues, a number of solutions based on Blockchain Technology in COVID-19 have emerged to address the worldwide health crisis.

Overview of blockchain technology as an application to combat the pandemic:

A blockchain is an important tool that establishes a transparent and efficient healthcare business model, completely based on a high level of accuracy and trust. This is because the technology is a tamper-proof one, and creates the first line of rapid protection, supported by a vast network of connected devices.

This is where the primary goal lies in staying alert about the outbreaks and hence the use of the platform is largely beneficial to address the situation and prevent pandemics. Blockchain Technology as an Application does so by facilitating the early detection technique and efficiently tracks drug trials while managing the impact of treatment and outbreaks.

Can blockchain aid to prevent pandemics?

The technological solution helps individuals and organizations to share any information, data, and transaction in a real team between the relevant parties. The information is shared as nodes in the chain, in a completely secured manner.

The onset of such a technology would have managed to combat the pandemic, had there been a blockchain that WHO and the healthy Ministry in each country and hospitals were connected through. This would have enabled them to share relevant information about any communicable disease such as covid 19. This would have helped to spread the word faster and stop the pandemic from spreading.

How does blockchain help to combat Covid 19?

Blockchain solutions during covid-19, as mentioned earlier, is helpful to track public health data surveillance, and especially with the outbreaks of diseases like this. With increased transparency, it helps to attain a more accurate and efficient response. This can help treatments to prosper swiftly as they would allow for rapid data processing. This enables early detection of symptoms prior to them spreading to being epidemic. This will also enable the agencies to keep track of the virus spread and combat new cases.

Tracking donations:

With trust being a major issue in this situation, blockchain has a cure here too. With its help, donors can view the places where there is a dire need to attain funds. This can help them to track the donations until and unless they are offered verification of the contributions being received. The technological solutions embrace transparency to regulate donations and their usage.

Manages crises:

Blockchain has the ability to alert the public instantly about the advent of the virus and by global institutes such as WHO. Apart from this, blockchain can also enable governments with recommendations of not contracting the virus. It helps to secure a platform for all concerned authorities including medical staff, governments, health organizations, media, and more to stay updated and update each other on the same.

Track medical supply chain:

The spread of Covid 19 witnessed a shortage in the supply of sanitizers and facial masks. As a result of the shortage, a few ill-deed individuals were taking advantage to generate fake products and earn more. Blockchain technology can fill the gap and offer smart contracts and accurate data for the technology to eliminate any occurrence of the breach between the needy and the supplies.

As the supply chain involves multiple parties, hence the entire process promises a tamper-proof procedure, enabling individuals to track the process. The technology is largely helpful in streamlining the medical supply chain and ensures that both doctors and patients have equal access to the tools whenever needed.

Conclusion:

Thus the usage of the blockchain to share the information would have saved the world from succumbing to the pain and how. With the world being completely naive to something as disastrous as Covid 19, it is extremely important to reassess decisions made and embrace new promising technologies. This is how both regulations and technology can bank on one another to safeguard the world from such pandemics ever in the future.

Blockchain Technology as an Application to Combat Covid-19

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