Aurelia Butler

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    in Cryptocurrency

    Cardano’s EMURGO Ventures Joins Forces With Blockchain Protocol Partisia

    Today, EMURGO Venture announced its partnership with Partisia Blockchain. EMURGO is the official commercial arm of Cardano and Partisia Blockchain is a Layer 1 public blockchain protocol.Additionally, Partisia is scheduled to deliver the first full version of its smart contract programming language designed for privacy-preserving ZK and MPC computations by the mid of this year.The firms have stated that the objective of the partnership is for Cardano DApp developers and users to be able to leverage Partisia’s privacy-preserving zero-knowledge (ZK) multi-party computation (MPC) for Cardano DApps.Partisia’s development team will reportedly develop customized smart contracts for Cardano developers to utilize when applicable to their DApp’s use case, which will still use ADA or Cardano-based tokens.CoinQuora spoke to EMURGO Founder and CEO Ken Kodama, who expressed EMURGO Ventures’ excitement in partnering with Partisia to bring more privacy tools for Cardano developers to utilize and add value to the Cardano ecosystem.Kodama said:Partisia Blockchain Co-Founder Brian Gallagher also commented on the collaboration. He remarked that Partisia Blockchain was thrilled to partner with EMURGO Ventures to deliver their first cross-chain, zero-knowledge privacy smart contracts to the Cardano ecosystem.Gallagher added that the Cardano ecosystem is one of the biggest in the industry and they were looking forward to providing as much value as possible to the developers. He went on to say that they built Partisia Blockchain with a collaborative approach to make their privacy contracts available across all other networks. Gallagher believes that this partnership is a strong indication that they are finding product market fit in this industry and that privacy is in demand.Continue reading on CoinQuora More

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    in Cryptocurrency

    YGG SEA Launches SEA Token IDO Public Sale on Copper

    Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), announced the upcoming Initial DEX Offering (IDO) of its SEA token on the Copper launchpad.Irene Umar, YGG SEA Co-founder, commented:SEA token is the governance token of YGG SEA. According to the subDAO, it gives community members the right to vote on governance proposals, ecosystem reward allocations, most desired features/reward models that reflect local needs, and whitelist opportunities for GameFi as well as non-GameFi NFTs.YGG SEA is the leading guild for Southeast Asia, having invested in 76 projects since November 2021. Ten games have become accessible to the YGG SEA guild members, and many more are expected to launch within this year. It currently has offices in Indonesia, Thailand, Malaysia, and Vietnam. Following the IDO, YGG SEA plans to expand into three additional countries within six months, with complete SEA coverage planned by 2024.Meanwhile, the Token Launch Auction on Copper allows for real-time price discovery, open and permissionless participation, and fair distribution of tokens. It disincentivizes front-running bots and whales to get the SEA token into the hands of as many participants as possible.Continue reading on CoinQuora More

  • 88 Shares99 Views

    in Economy

    Inflationary pressures take toll on British manufacturers

    Inflationary pressures have begun to take their toll on British manufacturers, as Brexit, rising energy costs, supply chain disruption and the war in Ukraine continue to bite. A closely watched survey released on Tuesday showed that about 85 per cent of British manufacturers registered an increase in purchase prices, with a majority of businesses passing on these costs to consumers.Despite these challenges, the final reading of the British manufacturers’ purchasing manager’s index, compiled by S&P Global, rose to 55.8 in April, up from 55.2 in March. According to Gabriella Dickens, senior UK economist at Pantheon Macroeconomics, the small rise in the headline index was attributable to a “rise in the output index, as a previous easing of supply chain disruption enabled firms to work through order backlogs”. Some involved in the sector have suggested that the positive headline figure risked obscuring the ongoing problems faced by British manufacturing.Rob Dobson, director at S&P Global, said there was only one other time in the survey’s history that more companies reported experiencing higher input costs, commenting that “the inflationary situation is getting increasingly fraught”. Dave Atkinson, SME and mid corporates head of manufacturing at Lloyds Bank, said: “Two months of war in Ukraine have shown just how reliant some UK manufacturers’ supply chains ultimately are on the country. “Deepening shortfalls in the supply of metals, minerals, wheat and sunflower oil risk adding further inflationary risks and stifling businesses’ productivity across the automotive, aerospace, cosmetics, and food and drink industries as inventories deplete.” The survey also revealed that UK manufacturers were increasingly coming to terms with obstacles associated with Brexit.“Specific to the UK, Brexit represents an additional headwind, notably via lost EU customers, increased paperwork, customs checks and border delays,” said Dobson. The multitude of price pressures on the sector mean that manufacturers are “the least upbeat about the outlook for growth in output over the next 12 months since December 2020, the last time lockdown measures were tightened substantially”, said Dickens. Duncan Brock, group director at the Chartered Institute of Procurement & Supply, said it was difficult “to see where ongoing growth will come from in the coming months as new-order growth was the most sluggish in over a year” and that “the global economy will need to pull a rabbit out of the hat to give manufacturers the leg-up they need”.The possibility of additional disruption to trade from China’s lockdowns and the war in Ukraine meant there was a case for British manufacturers to continue to “minimise their exposure to the risk of materials shortages”, said Atkinson.“Of course, this pressure on supply chains does present an opportunity for growth for the agile to diversify and reshore supply closer to home.”  More

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    in Cryptocurrency

    Could Pac-Man Frog Deliver Same Returns as Binance Coin (BNB) and Ripple (XRP)?

    Could Pac-Man Frog double in value?The PAC token which is currently registering huge volume in purchases could double quickly in price and aim for successive rallies soon after listing. The Pac-Man Frog ecosystem will enter into partnerships and even invest in blосkсhаin gаming assets that can provide high yields for its clients.The Pac-Man Frog ecosystem will include support for Dеfi, gаming, NFT, аnd the Metaverse providing users with a one-stop solution for all their requirements. Rather than helping the gaming ecosystem simply launch their tokens, Pac-Man Frog will guide them every step of the way, right from marketing through development and partnership efforts.A native NFT marketplace will be built by the Pac-Man Frog team to enable users to trade their NFTs easily and across different blockchain platforms. The initial focus will be on ensuring sufficient liquidity as an aggregator platform but later the site will also host launchpad services for both NFTs as well as tokens.The holders of PAC will receive multiple rewards such as nаtivе tokens rеwаrdѕ, ѕtаblе соin rеwаrdѕ аnd Pac-Man Frog еxсluѕivе NFT соllесtiblеѕ. This will help users in gaining some additional income and will encourage them to hold onto the coins for the long term.The project will be run through a DAO and is hosted on Solana which is highly scalable. However, multi-chain support is available, so users can also make use of other blockchains as required.Binance Coin could soon rallyThe BNB token has seen a rally that could take prices to regions near the next zone of resistance located at $419. It has already tested the level of $400 many times and if bulls manage to push prices, the Binance Coin could deliver even bigger gains. The BNB token recently held a burn event that further reduced its supply. Each burn event helps in a price spike as the total number of coins reduces. The BNB token was trading at the $400 price level at the time of writing.Ripple could breakout and retest the $0.75 levelThe XRP token is currently trading at the price of $0.67 at the time of writing. The Ripple coin could see a retest of the $0.75 level as whales manage to accumulate good volumes and decide to push for a rally. The Ripple network processes thousands of transactions each day and has managed to establish partnerships with major financial institutions. It could be a good option to add the XRP coin as it may witness a strong upswing as prices increase in the long term. Ripple is set to gain from the cryptocurrency regulations across the world as it is one of the leading remittance service providers being used on a daily basis by many banks.The three coins listed above have unique utility and could provide huge returns in the long term. Take care to diversify your portfolio. Research and find out about the utility and future road map of a coin before investing in it. For your benefit, we have compared these three tokens and presented, what we believe to be, the potential of each coin.Find out more information on the Pac-Mac Frog Website, Telegram, Instagram or Twitter (NYSE:TWTR). You can also find more about presale here.Continue reading on DailyCoin More

  • 138 Shares129 Views

    in Economy

    Market volatility hits government bonds as Australia kicks off rate rises

    Government bond markets were volatile on Tuesday after Australia kicked off a busy week for central banks with a bigger-than-expected rate rise and traders prepared for the US Federal Reserve to tighten monetary policy aggressively.The yield on the 10-year US Treasury note, a benchmark for asset pricing and loan rates worldwide, softened to 2.96 per cent after hitting 3 per cent on Monday for the first time since 2018. Bond yields rise as their prices fall.Germany’s 10-year bond yield, which started the year below zero, exceeded 1 per cent for the first time in seven years in European morning trading before settling back down to 0.94 per cent. The UK equivalent crossed 2 per cent briefly before trimming some of its gains to trade at 1.96 per cent. The shake out in bond markets came after the Reserve Bank of Australia increased interest rates for the first time in more than a decade on Tuesday, citing the country’s “very resilient” economy and inflation that had “picked up more quickly, and to a higher level, than was expected”. An increase of 0.25 percentage points was larger than the 0.1 percentage points anticipated by markets.“There’s an element of many central banks trying to signal to the markets that they are on the job, that they recognise inflation is above target and that they will act,” said Ron Temple, co-head of multi-asset at Lazard. “But we may have reached peak anxiety about interest rates and inflation,” he added, referring to the two factors that can cause bond market sell-offs because they lower the real returns from the fixed income-paying securities. The Fed, the world’s most influential central bank, is expected to announce an extra-large rate rise of around half a percentage point on Wednesday, with markets pricing in similar half-point rises at the subsequent two meetings, after US consumer price inflation reached a 40-year high of 8.5 per cent in March. “We do not see much room for dovishness at the May meeting,” Standard Chartered strategist Steven Englander said regarding the Fed. “It took a while” for the Fed’s rate setters to “reach a consensus” on the need to tighten monetary conditions to try and quell demand, he added. “And we don’t see an incentive for that consensus to break.”The Bank of England is also expected to raise UK interest rates to their highest level since 2009 on Thursday. Last month, BoE governor Andrew Bailey said the rate-setting institution was walking a “very, very fine line” between tackling consumer price increases and avoiding recessionary risks from hiking borrowing costs too far.European and Wall Street equities drifted on Tuesday, although European banking stocks rose in anticipation of rate rises bolstering lenders’ profits. The regional Stoxx Europe 600 share index was 0.2 per cent higher by early afternoon in London, with its banking sub-index gaining 1.7 per cent. Futures markets implied Wall Street’s S&P 500 share index would trade flat as investors awaited more signals from the Fed about the path of monetary policy. Contracts tracking the technology-focused Nasdaq 100 were also steady. More

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    in Cryptocurrency

    Tesla Open to Further Crypto Investments Per SEC Filing

    In a document submitted to the SEC, the electric car manufacturer disclosed that it believes in the long-term potential of digital assets. The company states that this belief applies to cryptocurrencies as both an investment and a liquid alternative for cash.The SEC filing also disclosed that Tesla (NASDAQ:TSLA) has not shut its doors to digital asset investments. “As with any investment and consistent with how we manage fiat-based cash and cash-equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of the market and environmental conditions,” the company stated. Tesla Is HoldingThe document also confirmed that Tesla has not sold any digital assets from its balance sheet since 31st March 2021.The electric car manufacturer invested $1.5 billion in Bitcoin (BTC) in 2021, selling a portion of its holdings in March 2021 for a profit of $128 million. The assets still held by the company have since recorded an impermanent loss of $27 million.Despite this, Tesla reportedly had $1.26 billion in carrying value through its digital asset holdings at the end of the first quarter of 2022. The fair market value of the digital assets in Tesla’s possession as of March 31st, 2022, was $1.96 billion, the company revealed.A Shift to Bitcoin MiningTesla stormed into the cryptocurrency world last February, making a $1.5 billion investment into Bitcoin. The unexpected move made the manufacturer one of the biggest investors into the dominant crypto at the time. Soon after, Tesla’s CEO Elon Musk hinted that his company would start accepting Bitcoin payments for new vehicles. However, the decision was later rescinded, as Musk claiming that his company would not support BTC payments until BTC mining takes a more environmentally-friendly direction. For years Bitcoin miners have been accused of using extremely high amounts of energy to mine bitcoins.To that end, Tesla last month announced partnerships with ‘Blockstream’ and Jack Dorsey’s ‘Block’ to create a Bitcoin mining plant that uses solar and battery power to mine bitcoin. The new mining facility is expected to be built in Texas, a haven of renewable energy in the U.S. Continue reading on DailyCoin More