Crypto exchange AscendEX integrates Wyre’s fiat-to-crypto API

Wyre, a blockchain and crypto payment service, announced today that cryptocurrency exchange AscendEX has integrated its ‘Checkout’ API and widget. Wyre’s API streamlines the fiat-to-crypto conversion process, allowing anyone can acquire crypto assets with their local currency.

The Wyre team also announced the onboarding of AscendEX as a liquidity provider. This expands Wyre’s list of partners and provides better rates to its end users.

AscendEX

Launched in 2018, AscendEX (formerly BitMax) is a cryptocurrency exchange with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as Bitcoin, Ether, and Ripple.

For more information on Wyre and how to integrate with its API, visit their website and developer docs.

Source link

The post Crypto exchange AscendEX integrates Wyre’s fiat-to-crypto API appeared first on Crypto new media.

FTX And ‘The Bears’ Partner Up: Cal Athletics to Receive Crypto Payments

Cal Athletics – the sports teams representing the University of California, Berkeley – and FTX have signed the first sponsorship between a college athletic department and a cryptocurrency platform.

As part of the $17.5 million deal, the team’s home ground will change its name to FTX Field at California Memorial Stadium. At the same time, the university will receive the payment entirely in digital assets.

Sponsored Links

FTX Enters into New Waters

According to a recent press release, the popular US cryptocurrency exchange – FTX – signed a 10-year agreement with Cal Athletics. The mission: to build out and support a community engagement program for the Cameron Institute for Student-Athlete Development. What’s more, FTX would invest in educating Berkeley’s poor minorities about short-term and long-term investments.

The two organizations shook hands on a $17.5 million deal. Learfield – technology services company that supports the college – will receive the amount in digital assets on behalf of Cal Athletics. The collaboration also includes a change of the stadium’s name.

The home of ‘The Bears,’ as fans call the team playing for the university, will now be named FTX Field at California Memorial Stadium. The first game on it is scheduled for September, 4th when Cal hosts Nevada.

Jim Knowlton – Director of Cal Athletics – praised FTX as a reliable partner. He pointed out that the collaboration is not about changing the stadium’s name but creating support for athletes and students in need in the Berkeley area.

In his turn, Sina Nader – Chief Operating Officer at FTX – commented:

“We’re excited to partner with one of the world’s great universities and expand crypto’s presence into the collegiate athletics landscape. This historic partnership will also allow us to collaborate on charitable initiatives that align with our organization’s core values.”

Nader added that on top of the $17.5 deal, FTX would distribute an additional $200,000 that “will be used to help fight homelessness in Berkeley and support organizations that help underrepresented student groups.”

FTX And Its Sports Endeavors

Creating a collaboration with a sports organization is not a precedent for the cryptocurrency exchange FTX.

For example, the platform inked a partnership with one of the most popular NBA teams – the Miami Heat. After the deal, worth $135 million, the team’s home court received a name change and is now officially called the FTX Arena.

What happened in the crypto-loving city of Miami only inspired FTX to look for more such collaborations. At the end of June, the trading venue entered into a “long-term, global partnership” with Major League Baseball (MLB). This has become the “first-ever” official collaboration between “a professional sports league and a cryptocurrency exchange.”

The legendary quarterback Tom Brady also partnered up with FTX. He and his wife – Gisele Bündchen – took an equity stake in the cryptocurrency trading platform. As a result, the American football star and the model will serve as ambassadors for the exchange. Although the amount of the equity stake has not been disclosed, it’s known that the duo will receive some sort of payment in cryptocurrencies.

Source

Source link

The post FTX And ‘The Bears’ Partner Up: Cal Athletics to Receive Crypto Payments appeared first on Crypto new media.

Bitcoin and ethereum are gearing up to knock out all-time highs as cryptocurrencies get ‘too big to be ignored,’ a 20-year market veteran says. Here are 5 high-upside coins he’s watching closely.

Bitcoin and ethereum are gearing up to knock out all-time highs as cryptocurrencies get ‘too big to be ignored,’ a 20-year market veteran says. Here are 5 high-upside coins he’s watching closely.

View Reddit by BattleArtistic – View Source

The post Bitcoin and ethereum are gearing up to knock out all-time highs as cryptocurrencies get ‘too big to be ignored,’ a 20-year market veteran says. Here are 5 high-upside coins he’s watching closely. appeared first on Crypto new media.

Worldwide Crypto Adoption Skyrockets Over 880% In One Year

* “**The worldwide adoption of cryptocurrencies has increased by over 880% in the last year.**
* **The spike in crypto adoption has been attributed to the growth of P2P trading activity.**
* **Emerging economies lead the adoption of cryptocurrencies so far in 2021.**
* **China, the United States, Ukraine, and Russia have been displaced as the countries with the highest crypto adoption.**

A long-standing issue in the crypto space has been the mass adoption of digital assets. Since its inception in 2009, we’ve seen cryptocurrencies used as payment mediums in national central banks, institutional investor involvement, banks, social media, and entertainment.

The quest for global adoption is in pursuit of normalizing the use of cryptocurrencies. A new report from Chainalysis suggests that the industry is closer to reaching this goal than it has ever been before.

Cryptocurrency Adoption Skyrockets By 880%

According to the report, 2021’s Global Crypto Adoption Index, the worldwide adoption of cryptocurrencies has increased by over 880% in the last year (July 2020 – July 2021). The paper also suggests that the global adoption of crypto is up by an astonishing 2,300% since the third quarter of 2019.

The research notes that the spike in crypto adoption is mainly due to peer-to-peer (P2P) trading activities, and Bitcoin’s nature as a store of value, free from government control.

The Global Crypto Adoption Index ranks 154 countries by several metrics including; total on-chain activity, the activity of retail and non-professional crypto users, and is weighted by purchasing power parity per capita.

Global adoption of cryptocurrency: Source Chainanalysis

Hands Are Changing

The research revealed that in 2020, China ranked fourth on the crypto adoption list, while the United States came in at sixth. However, things have changed in 2021, with China now at thirteenth, and the United States, eighth.

A comparison of the global crypto adoption index for 2020 and 2021. Source Chainanalysis.

Ukraine, Russia, and Venezuela, which were the leaders of crypto in 2020, have all been displaced. Ukraine has moved down from 1st to 4th, Venezuela, which was ranked 3rd, now ranks 7th, and Russia, which occupied 2nd in 2020, doesn’t feature in the top 10 for 2021 at all.

The reason for China’s drop is quite apparent. The Chinese crackdown on cryptocurrencies, mining activities, and crypto exchanges have all taken their toll on the use and adoption of cryptocurrencies in the country.

On The Flipside

* **As the adoption of cryptocurrencies increases, so has interest from regulatory agencies.**
* **In an audit of all crypto exchanges operating in South Korea, conducted by the** **Financial Services Commission (FSC), all of the** **exchanges failed their regulatory audits.**

Emerging Economies are Picking up Cryptocurrencies

An interesting piece of information in the report is the increasing adoption of cryptocurrencies in economically “smaller” countries. This is quite unlike previous years in which crypto adoption was dominated by the developed economies of the world.

Asia now leads the adoption of cryptocurrencies, with Vietnam, India, and Pakistan being the three leading countries by use of cryptocurrencies.

Overall, the paper highlights that much poorer countries, which have little access to financial services, have turned to cryptocurrencies to be banked.

In explaining the rise of P2P trading in smaller countries, Chainanalysis notes that;

“P2P transaction volume for the U.S. and China moved roughly in line with the worldwide total until they began to diverge around June 2020. At that point, the U.S. and China see their P2P transaction volume shrink as the rest of the world grows.”

Why You Should Care?

* The widespread use of crypto tells different stories about the dynamics within different countries.
* The increasing rate of adoption shows that digital assets are becoming deeply embedded in the financial systems of the world.”

[https://www.fxstreet.com/cryptocurrencies/news/new-horizons-for-cryptocurrencies-202108231156](https://www.fxstreet.com/cryptocurrencies/news/new-horizons-for-cryptocurrencies-202108231156)

View Reddit by FJDNMAN – View Source

The post Worldwide Crypto Adoption Skyrockets Over 880% In One Year appeared first on Crypto new media.

How to crypto, a guide for people just starting and some info for everyone.

Hi all, Hope you had a great weekend.
So see a lot of the same questions on this sub in posts and in the daily, so I decided to make this to try to help all the newbies. Maybe others will learn too so lets get straight into it.

**TLDR**
Too long didn’t read, a quick look at what the post is about 😉

**DYOR**
Firstly we hear do your own research a lot and the obvious question of how and were to start. One of the main websites (as there is just so many) that people use daily [Coinmarketcap](https://coinmarketcap.com/) a great start for a lot, here you can get daily news updates, check out a coin and associated website which is very useful and you get log in bonuses. If you are brand new, what I did is learned the base info about crypto and blockchain through YouTube, just be carful and don’t listen to coin maxers who are just looking to make money, your here just to gain knowledge. I used to watch someone called Kubera on his old channel but most about crypto/blockchain videos are good. Always good to check the general consensus on this sub, you can look into the specific subs for a coin although obviously this is going to be a heavily bias view.
Have been pointed to the following for amazing help on [coingecko](https://coingeko.com/) In fact both those defi books that you can get with candies are a great reading material.
[binance academy](https://academy.binance.me/en), great videos pretty informative;
coin bureau, everyone here knows and recommend this YouTube guy and I have seen a lot too very good videos.

**Wallets**
So you can download wallet app’s (only use very well known apps on android), use an exchange and even most exchanges have their own separate wallets, cold and hot wallets even paper wallets. So lets break it down Hot wallets are kept online and connected to the internet like apps and the exchange wallets, browsers wallets like MetaMask and cloud storage wallets like wax wallet or cloud wallet (not ones I have used). Cold Storage is offline storage like paper and hardware wallets (Trezor and Ledger). So these are stored offline with more limited access than hot as that is always online. Cold is the safest by far but come with the risk of losing the seed phrase, or piece of paper. If you loose a hardware wallet you can replace and load it back up with your seed phrase so very handy. FYI you can get a engraver quite cheap get a small piece of metal and engrave seed phrases for a durable solution. In the past *not your keys not your coins* was a huge issue due to the Mt. Gox hack but this is getting less important with the proper exchanges now. Personally if your playing with upto a few thousand then exchanges are fine but once you start to accumulate more unless you trade a lot, it would be a good idea to invest in a Hardware wallet for the safety at least. Things like the online wallets are fine to learn as you go BUT always double and triple check EVERYTHING when sending funds around maybe do a little bit for the first time just to cover yourself, not a week goes by without seeing someone say they got a bit wrong and that’s it the funds are gone.

**Tracking your Portfolio**
So when I started it was very easy to open the one account I had and see exactly how much I own and the spread but over time I used more wallets. Before I knew it I had 3 different Hot wallets as well as 3 different exchanges I was using (one is best for staking one is to try and get a card soon and one just purely for buy and send or hold). So what could be done, if you create an account on coinmarketcap you can input all the information here and use this to track your portfolio very well, an added bonus is you get daily redeemable of crystals that can be used for rewards. Coingeko does the same they have candies as the daily. Always good to keep an eye on the rewards as they have NFT’s, discounts on items and equipment plus lots more. Also you can create a live spreadsheet on excel to track the prices from coinmarkt or coingeko but it is a little difficult if your not a wiz with excel. their was one posted by u/fly115 but I don’t know it is ok to use I have been for the live prices but I manually enter everything.

**Market Cap**
So market cap is the current supply of coins times the price of the coin. It no way reflects the coins potential as plenty of coins can have a large market cap if they have a very large supply/lots of funds in at the start, also this means with a very large supply the market cap could also reflect a barrier in the price. Lets look at a couple of examples: so Bitcoin first current price $48,500 current supply 18,793,962 Current market $911,507,157,000. then also fully diluted market cap using the Max supply if it has one so $48,500 x max supply 21,000,000 = $1,018,500,000,000. Over 1 trillion market cap on max supply. now lets look at look at Shiba (Not against it at all but just to show) they have a current supply of 394,796Billion current price $0.00000819 market cap $3,233,379,240,000 yes 3 billion market cap. As you can see it would be almost impossible for shiba to ever even be worth 1c let alone $1 as this would give it a jump in market cap 3x that of bitcoin. It gets a bit confusing as most places talk about it with companies and stock and then say *but with crypto its a bit different* [Coinbase basics](https://www.coinbase.com/learn/crypto-basics/what-is-market-cap) has a good explanation.

**DeFi Decentralised Finance**
In short instead of a bank being in charge of your money and what they say goes like not allowing you to withdraw over a certain amount, freezing funds/accounts and just being in total control. Decentralise finance is no one person or entity being able to control the money. Now DeFi is the term to cover a whole host of decentralization like yield farming, liquidity mining, decentralized exchanges, lending and wrapped coins. A great article to read if you are interested in this is [Coin Desk’s What is DeFi](https://www.coindesk.com/what-is-defi). This covers everything you would need to know and more.

**POW/POS**
Proof of work is the process of using computational power to solve complex mathematical problems to mine blocks (Hash Power). So a lot of power and a lot of graphics cards to run a program that is mining for rewards. the issue is you are competing with everyone who is also mining and people could do so for ages and not get a penny, if they do not have enough hash power. POS adding funds to a pool/wallet for rewards based on the percent you holding in the pool/wallet. Your giving your funds to be able to mine the blocks for further rewards and these are distributed to everyone in the pool or given a fixed rate in a wallet. Quite the consensus that POS is the way forward due to the amount of power used for POW so not environmentally friendly.

**Staking**
If you went further into DeFi you may have covered this but in a nutshell the process of staking is earning rewards for holding crypto, think of it as a savings account but without the ridiculously low APY. This is one of the reasons why I use Kraken as you can stake a lot more on here then other exchanges available to me. If your holding a coin that you can get a reward for holding, then why not Stake it and let it grow.
An Addition here Liquidity POS that has evolved form the delegated POS. [Tezos](https://opentezos.com/tezos-basics/liquid-proof-of-stake/) has developed LPoS, an evolution of DPoS idea. The current version, in the Florence protocol is “Emmy+” [10]. In LPoS, a validator is called a “baker” or an “endorser”. As opposed to DPoS, any user can become a validator if he has enough coins. If he doesn’t, then he has the choice to delegate. The idea is to dilute even more the activity and to increase inclusion. The focus is more on governance liquidity rather than the network’s scalability.

**NFT’s**
None Fungible tokens, so what does that actually mean well fungible tokens are Dollars, Pound, and Bitcoin all have a common valuation (so everyone knows the price) none fungible tokens are more like a Picasso so they would have a unique value that can and does change depending on how much someone is willing to spend on it. So NFT’s would be unique pieces of digital art or unique digital assets you can’t trade them for other NFT’s too. Now just like any art they can be copied yet the original will be the only one that has been minted and therefore cemented on the blockchain as a unique asset. I actually have said in the past I would never buy one but after putting some time into learning about NFT’s I would love to own a couple.

**Community Points**
We have Moons as a community incentive for r/cryptocurrency on the Karma you earn within the sub. make sure you have set up your wallet on the mobile app and you can start to receive these but also if you are a fortnight fan you can head on to r/fortnitebr and earn bricks for karma and then one more r/ethtrader for donuts but these are already on mainnet and you have to set up a MetaMask or Trust wallet for the distributions (and you have to pay gas but usually not a lot unless in peak) but there is a way to get the distributions for free on Xdai all in explained in the sidebar on their page. I follow u/communitypoints to keep updated on the distribution lists very handy.

For the real new to crypto people a great start is r/bitcoinbeginners and [Bitcoin.org getting started](https://bitcoin.org/en/getting-started)

Check out all the latest news from Ethereum at [Ethereum.org](https://ethereum.org/en/what-is-ethereum/)

The 2 best crypto news and market pages earn your daily diamonds and candies [Coin Market Cap](https://coinmarketcap.com/) [Coin Geko](https://coingeko.com/).

Just news [Coin Desk](https://coindesk.com) but again make sure you fact check info here as I have heard it isn’t always 100%.

Keep an eye on the gas price to ensure your never transferring at peak again [Ethereum Gas](https://ethereumprice.org/gas/)

Hardware wallets [Trezor](https://trezor.io/) and [Ledger](https://www.ledger.com/)

[Brave browser](https://Brave.com) earn BAT for your browsing and easy to use with [Metamask](https://metamask.io) and I really like the wallet.

Lastly check out all the links on the top of the daily discussion including the r/CryptoCurrencyMeta for the governance polls to this sub

I hope you like my little guide please leave a comment if you would like me to add any sections and I will update, it’s a lot later here than I thought here. It took me a lot longer to finish this so I need to go to bed. I will reply to your comments tomorrow morning. Take care

Edit: Just added a few bits people have suggested thanks for the awards and comments guys please keep it up.

View Reddit by killawaspattack – View Source

The post How to crypto, a guide for people just starting and some info for everyone. appeared first on Crypto new media.