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E-Commerce Giant eBay Is Considering Cryptocurrency Payments And NFT Marketplace

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eBay CEO Jamie Iannone said in an interview with CNBC that eBay is considering to offer cryptocurrency payments and NFT (non-fungible token) trading platform.


eBay is an e-commerce site that has been popular since the dawn of the Internet. It is also a NASDAQ listed company.

Adding Apple Pay and Google Pay on eBay, he said that eBay will consider crypto payments.

He said:

“We are always looking at the most relevant forms of payment and will continue to assess that going forward, We have no immediate plans, but cryptocurrency is something we are keeping an eye on.”

Iannone pointed out that although some NFT sales are already done on eBay, there are cases where some NFT transactions are done off-site.

He Said:

“We’re exploring opportunities on how we can enable [NFTs] on eBay in an easy way, Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades.”

eBay was a member of the Libra Foundation in the past, but announced its withdrawal in October 2019 due to concerns over regulatory compliance.

S&P Dow Jones Launches Bitcoin and Ethereum Indices

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S&P Dow Jones Indices, a division of US financial data provider S&P Global, has launched indices based on Bitcoin, Ethereum.

Products under the S&P DJI brand use data and calculation methodology from the New York firm Luka. The companies agreed to cooperate in December 2020.


The S&P Digital Market Indices measure the performance of digital assets listed on recognized open exchanges.

The index series includes the following:

S&P Bitcoin Index: The index measures the performance of Bitcoin.

S&P Ethereum Index: The index measures the performance of Ethereum.

S&P Crypto Mega Cap Index: The index measures the performance of Bitcoin and Ethereumdigital assets.

Ticker:

S&P Bitcoin Index: SPBTC

S&P Ethereum Index: SPETH

S&P Crypto Mega Cap Index: SPCMC

Indexes are calculated in points, not in US dollars. According to S&P representative Ray McConville, instead of the actual cost, they reflect the increase in prices.

The data is calculated on business days. They will be available by subscription for the service’s customers. Rebalancing is performed quarterly.

The tools will compete with their counterparts from Bloomberg and Galaxy.

How the Launch of S&P Dow Jones Crypto Indices will Change the Bitcoin Industry is yet to be seen.

Recall that in December 2020, CBOE announced the creation of cryptocurrency indices.

 

Tech Token Network Targets Best Source Exchanges for Token Listing

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  • Tech token network decides to list its native token on Coinsbit exchange on 10th May
  • Coinsbit is a centralized exchange, launched in 2018 with more than 2 Million users worldwide.
  • TCN holders can trade their tokens with 3 basic trading pairs- BTC, TRX, and USDT.
  • The experts predict TCN token price to hit $1 after listing on Coinsbit exchange.


We have some great news for you! The Coinsbit exchange is breaking the headlines with its latest partnership with Tech token network. The company releases an official statement to list TCN tokens on its platform by 10th May offering 3 basic trading pairs to initiate investment.

Their new venture together with tie-up will drive in more profits, better rates, and faster transactions for users. We find it symbolic how this partnership encourages us to get TCN token listed on other 7 exchange platforms.

We chose the right for our clients, as TCN holders can easily and comfortably trade with the following pairs. Coinsbit makes these pairs available for trading after token listing:

  1. TCN / BTC;
  2. TCN /USDT;
  3. TCN / TRX.

Our coin will be available at the Coinsbit exchange on May 10, 2021.

We have analyzed a leading exchange platform that is known for its services, security, and ease of use. By accomplishing this partnership, we can enlarge and spread our service and provident protocols.

Additionally, it will be a win-win situation for both the firms TCN and Coinsbit as it will receive many traders and more liquidity. Looking at the constantly rising demand for cryptocurrency on a global scale, tie-ups like these are more crucial.

“Talking over the standard measures and tie-up terms to finalize our partnership, I am confident that our professional team with experts, experienced specialists will show even bigger potential. We intend to provide users global and a premier service” – says the CEO of TCN.

No TCN holders have to face complicated interfaces, high fees, or any other off-putting attributes to choose the platform. We have things all sorted.

“I believe this collaboration is a great honor for our tech token network project and this decision will surely help us offer the best quality service to our customers around the crypto space. Indeed, this partnership will raise our presence in the crypto market. Moreover, this alliance gives us courage in what we do, along with credible responsibility to gain a strong user experience. We are all set for the next challenge!”- says the Founder of the Tech token network.

For listing TCN tokens, we are looking for platforms having a high community base, innovations to cryptocurrency, or an endowment to various applications and technology. Moreover, listing any coin/token should provide you good exposure in terms of global trading.

Also, a platform should restrict listing coins in terms to serve a primary purpose like illegal gambling or drug sales, or any of the prohibited that counts under jurisdiction. The destined platform should offer no or less compliance fee for listing.

Our staff and research team have streamlined few significant standards to determine suitability while listing tokens on crypto exchanges. One such choice is Coinsbit. This platform meets our standard necessity required to fulfill token listing.

The experts predict the TCN token price to hit $1 right after listing on the Coinsbit exchange. Also, the TCN token will reach $5 in the next 6 months, $7 by the year 2025 year- according to the prediction made in an AMA session.

TCN Chose Coinsbit for Token Listing

The official platform claims to be the largest digital exchange in terms of reliability. This platform currently occupies the position in the top ranking of CoinMarketCap and CoinGecko.

We have analyzed how can we attain our peak goals and which is the best way to provide our service. There are many traders that appreciate our convenience and reliability provided on our platform. We have researched and set our criteria to list TCN tokens on trusted crypto exchange and Coinsbit is the best fit.

  1. The exchange can process the transaction up to 10,000 trades per second and 1,000,000 TCP connections.
  2. User protection- The exchange platform offers the best security measures for storing assets in cold wallets; makes you feel comfortable and safe using the latest firewall system.
  3. Now, traders can trade cryptocurrency quickly and safely using the OTC feature. This method ensures your trading with no worries of rate fluctuations and offers maximum confidentiality.
  4. Any token holders can purchase goods with cryptocurrency from anywhere, collecting best offers according to your convenience.
  5. This exchange platform is simple and reliable.
  6. Coinsbit offers a staking pool where you can earn by investing free coins and make tons of profit.
  7. Any user can create the unique codes and convey the coins to any user, the good news is there is no commission and no confirmations, the process is instant and secure.
  8. No worries about the currency storage, more than 90% of coins are stored in cold wallets.
  9. Also, the exchange has activated a Web Application Firewall for security purposes that detects and blocks external attacks.
  10. A new feature is recently added to this platform- the P2P lending platform. The user can get or take loans at Coinsbit
  11. TCN traders can invest their tokens with only a 0.2% trading fee which seems affordable as compared to exchanges out there.

I hope these many advantages are sufficient to decide on listing your tokens. We counted on the above-mentioned measures to list TCN tokens and this is almost the basic necessity of any firm to consider.

Our main motive is “Happy Token Holders”. Our token holders are looking ahead to see TCN project available on the best, reputable, qualified, and innovative crypto exchanges. They expect us to interact with millions of traders with worldwide availability. This is how we together work to succeed.

Partnership Between TCN and Coinsbit

The partnership between TCN and Coinsbit is a great success. We are not just willing to list our project, instead, we intend to help promote our project with regards to long-term and sustainable growth. We are looking ahead to boost up with:

  • Email blasts
  • Trading competitions
  • Bounty and promotional videos
  • Twitter and Facebook announcements
  • Featured newsletter
  • Social Media posts

The user holding TCN tokens can trade their coins on the Coinsbit platform with 0.2% trading fees and the following deposit/withdrawal fee structure:

  1. TCN/BTC– Deposit: 0 BTC | Minimum Deposit: 0.00001 BTC

Withdrawal: 0.0005 BTC | Minimum Withdrawal: 0.001 BTC

  1. TCN/TRX– Deposit: Free | Minimum Deposit: 1 TRX

Withdrawal: 1 TRX | Minimum Withdrawal: 2 TRX

  1. TCN/USDT– Deposit: Free | Minimum Deposit: 0 USDT

Withdrawal: 1 USDT | Minimum Withdrawal: 2 USDT

Our company intends to be a market leader in terms of security and customer satisfaction, accordingly collecting the partners with similar facilitating features. We will soon crack headlines as the best service provider and top platform with highly credible customer satisfaction.

We are way ahead to hit our goals! We would like to hear from you about this article. How was the read? Text us the next exchange platform to list our TCN tokens in the comment section below.

You can join our social media platforms and keep an eye on the official platform. The links to the sources are Twitter, Reddit, Facebook, and Tech token network.

This is a paid press release: TheCryptoBasic does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. TheCryptoBasic is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Top 6 Altcoin To Follow This Week

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The cryptocurrency market has entered this week behind Ethereum (ETH) great bull march. As Bitcoin price recovered above 50K, Bitcoin’s market share is sitting at 47.32%, and the altcoin market continue to grew. The total value of crypto market exceeded $2.35 trillion.


The 6 altcoin that can be followed this week are Uniswap, Stellar, Tron, Cosmos, Syscoin, and My Neighbor Alice.

Uniswap (UNI)

News This Week: Uniswap is preparing to switch to v3 on May 5th.

Why To Follow: Uniswap v3 will bring features such as liquidity concentration, multiple transaction fee tiers that will make capital use up to 4,000 times more efficient. Uniswap’s founder, Hayden Adams, said in his post on Sunday that the update will include a “surprise feature”.

 

Stellar (XLM)

News This Week: Stellar will go for an update on its test network on May 4th.

Why to follow: The Stellar team announced the transition to Protocol 17. The update will be actively tested for about 1 month, will be voted by the validators on June 1.

Key dates for transition to Protocol 17 are:

  • May 4, 2021 — Testnet upgrade.
  • June 1, 2021 — Public network upgrade vote.

Read More: https://www.stellar.org/developers-blog/protocol-17-upgrade-guide

Tron (TRX)

News This Week: Tron announced the third phase of 5-In-1 Century Mining. The third leg of the event will start on Monday, May 3rd, 2021 21:00, till Jun 7th, 2021 20:59 (SGT)

Why To Follow: TRON Century Mining gives you the chance to earn the five mainstream TRON tokens TRX, BTT, JST, SUN, and WIN in one go.

Read More: https://tronfoundation.medium.com/tron-century-mining-5-in-1-phase-3-is-now-live-join-and-share-ultra-high-rewards-c61e709a9674

Cosmos (ATOM)

News This Week: Cosmos will launch a trading tournament at Gravity DEX on May 4th.

Why To Follow: A total of $200,000 ATOM will be distributed to the winners of the event that will last until May 11. Gravity DEX, which uses the Inter-Blockchain Communication (IBC) protocol, is still in the testing phase. This trading event will serve as a pre-launch rehearsal for Gravity DEX.

Visit: https://gravitydex.io

Syscoin (SYS)

News This Week: Syscoin will make a biggest announcement of the year on May 6, 3PM UTC time.

Why To Follow: Blockchain Foundry and Syscoin Foundation launched the Syscoin LUX version on May 1 to establish a non-fungible token (NFT) infrastructure. Syscoin posted a message 2 days before that, saying, “Watch out for May 6. We will make one of our biggest announcements this year.” 

 

My Neighbor Alice (ALICE)

News This Week: My Neighbor Alice has announced that digital Lands will go on sale this week.

Why To Follow: This event in My Neighbor Alice was scheduled to start last week. However, the team said that more tests and inspections were needed, and postponed the date to 8th May. Those who wish to enter will be able to stake ALICE on the Alice platform that is expected to open this week and purchase digital land.

Read More: https://myneighboralice.medium.com/my-neighbor-alice-land-sale-rescheduled-to-facilitate-audits-and-testing-63dcc97879fa

Ripple (XRP) Now Accounts for 3% of the Total Cryptocurrency Market Cap

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The market capitalization of the fourth largest crypto in the world is almost $75 billion that makes Ripple (XRP) account for 3.2% of the total cryptocurrency market cap.


Over the past 7 days, XRP has jumped more than 40% becoming the world’s 4th most valuable digital currency. XRP is currently trading above $1.6 with a market capitalization of over $74.24 billion.

According to Coinmarketcap, XRP’s market cap has grown significantly over the past few weeks. XRP now accounts for almost 3.2% of the total market capitalization of digital currencies.

Bitcoin remained the most dominant crypto with approximately 47.8% market dominance. Currently, the market dominance of Ethereum is about 15.6%, followed by Binance Coin (BNB) with a dominance of 4.2%.

The price of XRP has increased by more than 500% since the beginning of this year. XRP was trading at around $0.23 on January 1, 2021. The price gained momentum in April, when the digital currency jumped from $0.569 to $ 1.94, the highest level in more than 3 years.

XRP’s overall market dominance has been growing since the beginning of April. The latest surge in Ethereum, BNB, and XRP is causing a sharp decline in Bitcoin’s market dominance.

According to Coinshares report, XRP had a significant jump in weekly institutional inflows in April, as the digital asset raised an estimated $33 million in the second week of April.

XRP weekly institutional inflows

The total difference between the market capitalization of XRP and Binance Coin (BNB) is around $20 billion.

Overall, the market capitalization of digital currencies reached $2.25 trillion on Monday, the highest ever.

Bitcoin (BTC), currently has a market cap of more than $1.10 trillion.

If You Had Bought $10, $100 or $1000 Worth of Ethereum 5 Years Ago, Here Is How Much You Would Have Made Today

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Cryptocurrency is booming right now, and everyone wants to talk about crypto in finance.

Those who are just starting in crypto surely think of ignoring the opportunity to invest in crypto years before.


Ethereum is a decentralized blockchain. It supports thousands of crypto coins, NFTs, including ETH coin that are built on ETH blockchain. It is the second largest cryptocurrency after Bitcoin with a marketcap of $358,663,210,487. Today ETH crossed 3k USD for the first time ever.

Read Also: Ethereum Crosses PayPal Market Cap

ETH Worth 5 Years Ago

According to historical data from Coinmarketcap, five years ago (May 3, 2016), the price of ETH was $7.10 per coin. If you bought the currency for $10, you would have 1.4 ETH.

ETH Worth Today

The price of Ethereum as of May 3rd, 2021 is $3,100 per coin. This is 436 times more than five years ago-an increase of about 43,600%.

If you had bought $10 worth of ETH 5 years ago, here’s how much you would have today.

If you bought $10 worth of Ethereum five years ago, today you would have about $4360 ($10 x 436). It’s not exactly retirement money, but not bad for a $10 buy-in.

For those who then saw the potential in cryptocurrency and really wanted to purchase ETH early, they could probably had made much more.

Five years ago, $100 worth of Ethereum, if left untouched, would be around $43,600 today.

Five years ago, $1000 worth of Ethereum, if left untouched, would be around $436,000 today, enough to sustain an annual living cost of $36000 for next 12 years.

XRPL Reserves Reduction: Ripple CTO And XRPL Labs Head Join In Voting

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The XRPL account reserve threshold can be lowered to 10 XRP, but If the reserves are too low, the XRPL network is susceptible to DDoS attacks.

Witse Wind, a lead developer of the XRPL Labs team responsible for creating the XRP Ledger tools, shared his opinion on reducing the “XRPL reserves.”


The XRPL account reserve threshold can be lowered to 10 XRP.

Mr. Wind tweeted that he supports the position of Ripple’s chief technology officer, David Schwartz, on the need to reduce ” XRPL reserves.”

Ripple’s chief technology officer, David Schwartz tweeted about decreasing XRPL account reserve threshold on April 11th.

 

“XRPL reserves” is defined as the minimum amount of XRP stored in an XRPL account to perform specific actions in the XRP blockchain.

While today it is equal to 20 XRP, the validator, managed by Mr. Wind, votes for this number to be reduced to 10 XRP.

Mr. Wind argues:

  • Instead of an account reserve of 20 XRP, my validator is now voting for 10 XRP.
  • Instead of an owner reserve of 5 XRP (Trust Lines, Escrows, Offers), my validator is now voting for 2 XRP.

 

If the reserves are too low, the XRPL network is susceptible to DDoS attacks. In addition, the vote may review the “reference fee” or the number of XRP tokens destroyed to authorize the reference transaction.

Portal XRPL.org of XRP Ledger emphasizes that if validators approve thresholds that are too low for these metrics, it could expose XRP Ledger to denial-of-service attacks. With a bit of minimum holding, it would become effortless to initiate “dusty” transactions.

Mr. Wind added that Alloy Networks, an influential validator of the XRP Ledger, also supports reducing the XRPL account reserve threshold.

Trezor Declared High Protection Against Attempts To Hack Wallets By The US Authorities

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The developers of the Trezor wallet have recalled its advantages against hacking attempts planned by the US authorities, as IRS want to create a tool to bypass protection and gain access to crypto assets.



On April 29, Vice announced that the digital Forensics division of the US Internal Revenue Service (IRS) has placed a tender to create a universal solution for hacking hardware wallets that they want to investigate.

 

Currently, experts are not able to effectively “investigate the movement of currencies”, as well as “confiscate millions and billions of dollars, ” IRS reports in the document.

Security expert Andrew Tierney, in a comment to the publication, questioned the possibility of implementing of the IRS plans.

“Hardware wallets are now becoming quite secure. It may be possible to find vulnerabilities in some of them, but it will be very difficult to find ready-made exploits. Another problem is the owner can move the coins if he finds out that access to the wallet could be compromised, ” he explained.

Nicholas Weaver, a senior fellow at the University of California, Berkeley, called the initiative “an overreach.” According to him, it is enough to put the owner of the wallet in a prison than to hack funds.

The creator of hardware wallets Trezor said that it follows the philosophy of open source software development. According to Trezor, this excludes the possibility of cooperation with the authorities to add a secret hardware or software backdoor.

“Thousands of experts monitor our every move, checking every change in the code. This acts as a perfect fail-safe mechanism. No one will use the compromised version, ” he explained.

 

Trezor stated that there are no 100% guarantees against hacking. They provided the BIP39 standard, with which the user can restore the wallet.

 

Experts stressed that there can be many mnemonic phrases that prevent access to coins. Trezor signed the “canary’s certificate”. In it, they reported that they did not cooperate with anyone regarding the software and did not implement backdoors.

 

Earlier, the IRS sent out letters to cryptocurrency holders demanding to pay large debts to the state.

Recall that in March 2021, the IRS launched operation “Hidden Treasure” to search for residents who hide their income earned from crypto.

You Can Now Buy Crypto On Coinbase Via Paypal

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The Nasdaq-listed bitcoin exchange Coinbase has allowed US residents to buy crypto using PayPal.

We’re now offering customers in the US a simple and speedy way to buy crypto on Coinbase using PayPal.

Users can use debit cards and bank accounts linked to PayPal to buy digital assets on Coinbase.


 

Coinbase Wrote:

If you have an existing PayPal account, you’ll be able to start making transactions on Coinbase right away. Plus, there’s no need to add bank accounts or card numbers directly to Coinbase — you can continue using PayPal to securely manage your information.

The exchange has set a daily limit-up to $25,000. The commission will be 3.99%. In the near future, In the coming months Coinbase will expand the ability to purchase crypto using funds from PayPal to more countries. Cash withdrawals to PayPal are already available in the US, Canada, EU and UK.

On April 26, 2021, Coinbase Pro added the USDT stablecoin Tether to their listing.

Recall that TIME magazine included Coinbase in the list of the 100 most influential companies. The company got into the “Titans” section, which also included PayPal, Amazon and Google.

Read More On Coinbase Blog

The Most Influential Business People Driving Blockchain Adoption

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Why has bitcoin’s market valuation soared past $1 trillion? Why is cryptocurrency a $2 trillion asset class today? Why are people suddenly going bonkers over a meme coin named DOGE? Why are NFTs making front-page headlines on every major news daily?

Because of a few people who are putting their weight behind the digital asset space and directly influencing the growth of the blockchain industry.

But who are these people? We’re profiling four of the biggest names in the industry below!


Elon Musk

Elon Musk

Elon Musk, CEO, Tesla, CTO, SpaceX, Source: CNBC

The suave and dapper CEO of Tesla, CEO, CTO, and chief designer of SpaceX, founder of The Boring Company, co-founder of Neuralink, and co-founder and initial co-chairman of OpenAI doesn’t need any introduction.

Well, that was an introduction. Besides the said positions that Elon Musk holds, he is a long-term believer in cryptocurrency and blockchain technology.

Everyone in the crypto community is well-versed with Elon Musk’s Dogecoin obsession. Such are the effects of his tweets that people not owning any cryptocurrencies have started taking an active interest in crypto prices and markets. You know where they headed first, right? Of course, Dogecoin!

Musk has garnered a reputation for being a straight-on DOGE “shriller.” Thus, curious folks find themselves searching for “Elon musk dogecoin investment” on Google. And not just DOGE.

Musk’s company Tesla announced a .5 billion investment in bitcoin on its balance sheet more than two months back, along with the addition of BTC as a payment option for purchasing a new car. Musk and company understand that the cryptocurrency asset class is a great way to open up finance for all individuals irrespective of nationalities and geographies. Although we may never know whether or not Elon Musk does have any cryptocurrency, he indeed has pushed people enough to join the blockchain bandwagon.

Michael Saylor

Michael Saylor

Michael J Saylor, founder and CEO, MicroStrategy, Source: Wikipedia

Another business executive and American entrepreneur who took the world by storm with his company MicroStrategy’s massive bet on bitcoin is Michael J. Saylor. But initially, the billionaire was a hardcore skeptic.

His public disdain for BTC has now become ancient history. He admitted that his comments were unfounded (in an interview with CoinDesk last year):

“I went down the rabbit hole during COVID-19,” Saylor said, admitting he “was wrong” to have doubted bitcoin back in the $600 range.

“I wish I knew then what I know now,” he said.

Last year he kick started the massive institutional bitcoin investment and blockchain technology adoption drive, which inspired many other prominent corporations such as Jack Dorsey-led Square to add bitcoin to their balance sheets.

Michael Saylor has now become the poster boy of bitcoin institutional investment, and his reasons are pretty much logical. Unlike all fiat currency-based assets, BTC is deflationary as it has limited supply, and that the Bitcoin blockchain network is highly secure and permissionless. In the same interview with CoinDesk last September, Saylor expressed his “primary concern” is to “move away from the dollar.”

Jack Dorsey

Jack Dorsey

Jack Dorsey, founder, Twitter and Square, Source: Britannica

Jack Dorsey is the founder of social media giant Twitter and payments firm Square. Jack has been a bitcoin advocate for quite a long time.

Square’s subsidiary firm Cash App has set an example in blockchain adoption in financial services by letting customers buy and sell bitcoin. Apart from this, the parent firm announced a $50 million investment in BTC, followed by an additional $170 million investment this year in February. And it just doesn’t stop at bitcoin investment.

Square Crypto, the BTC focussed arm of Square, has established a record by giving out 26 grants to boost the development of Bitcoin and recently announced funding for the team behind a popular Bitcoin blockchain explorer.

Mr. Dorsey is behind all these developments. He recently partnered with popular musician Jay-Z to set up trust, a 500 BTC endowment to fund bitcoin development and boost blockchain industry growth. African and Indian teams will be the initial recipients of a chunk of the fund. The Silicon Valley-based billionaire tech entrepreneur has done and is still doing what it takes to boost crypto and blockchain adoption.

Recently, Mr. Dorsey sold his first tweet as an NFT for over $2.9 million, converted the proceeds to BTC, and donated to the Give Directly fund to help alleviate poverty in Africa.

The Winklevoss Twins

The Winklevoss Twins

The Winklevoss twins with the Gemini bus in New York City, Source: MarketWatch/Twitter

Losing the ownership of Facebook to Mark Zuckerberg didn’t stop these two Olympic rowing and investor twins. Instead, they entered the cryptocurrency race intending to spur solid blockchain industry growth. In 2012, both bought bitcoins for $10 million when the top cryptocurrency’s price was trending at around $8.

What followed is the cryptocurrency market’s rise across nine years and the ballooning of the Winklevoss twins’ worth, to the point (around $6 billion) that they have now made the Forbes list of global real-time billionaires. As per the latest accounts, both have invested in 25 crypto firms. Apart from their investments, Tyler and Cameron Winklevoss actively promote crypto purchase and adoption through Gemini, the cryptocurrency they own.

In a development that would make blockchain part of the banking industry, in October 2015, Gemini became one of the first cryptocurrency exchanges designated as a trust bank by the New York State Department of Financial Services.

The Winklevoss twins also support the current NFT trend through their acquisition of Nifty Gateway.

The twins ran “full bus” cryptocurrency advertisements encouraging people to buy BTC and other crypto assets and “fuel the open finance movement.”

While these were all successful individuals who have helped elevate cryptocurrency and blockchain technology and advocated their adoption, certain firms are operating with the same goal.

AIKON is one such firm that specializes in providing secure blockchain identity services through ORE ID, its proprietary blockchain authentication system. The AIKON team has partnered with AllianceBlock, which wants to enable anyone and anybody to benefit from secure access to the trillion-dollar capital market without having to jump through needless hoops to do so. Alliance Block’s objective is to build the world’s first globally compliant blockchain-based capital market. ORE ID, which impresses on using blockchain for authentication, will play an instrumental role in the project’s identity management system.

What becomes quite clear is that blockchain technology adoption is at a nascent stage. Of course, an increasing number of business big shots are helping catapult the ecosystem to mainstream prominence. Still, the effects of their actions have barely covered the tip of the adoption iceberg.

There’s a long way to go. This drop may seem minuscule and insignificant, but it will pave the way for the ocean’s formation.