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So, Bitcoin in correction mode?

Again the coin sector crashed after a concerted bad mouthing action started by Elon Musk, followed by Warren Buffet, etc.

bitcoinDo not lose faith! The destruction of fiat can only lead to higher coin prices, in the long run.

We are feverishly finishing off our exchange project CME (Crypto Master Exchange), which will feature the following:

  • instant exchanges between the major crypto currencies and fiat
  • no commission!
  • tokenisation platform for your assets
  • interest bearing securities in crypto
  • loans against crypto collateral
  • visa card drawing on your coins
  • all done with license, offshore subsidiaries to keep you tax free

Please sign up here, so we can inform you once our service is available:

Waitlist CME coin buster


  • Bitcoin
  • Ethereum
Scan to Donate Bitcoin to bc1q6htcx5mu6ahwc8vvhhu9gg0ng5re0gm6696jqx

Donate BTC or ETH to this address

Scan the QR code or copy the address below into your wallet to send some bitcoin

Tag/Note:- Donations gladly accepted in btc
Scan to Donate Ethereum to 0x26cfE3a86a9D59ad67aB3644fb53D89060F5cd7F

Donate BTC or ETH to this address

Scan the QR code or copy the address below into your wallet to send some bitcoin

Tag/Note:- Donations gladly accepted in ETH

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What helps in Corona times? Steroids..

Cheap and readily available steroids have been found to reduce the risk of death in critically ill coronavirus patients by 35 per cent, according to a study.

An international team of researchers analysed seven trials involving three different types of anti-inflammatory corticosteroids.

These are the types of steroids used by the NHS to treat a wide range of conditions, and the same  anabolic steroids which are used by some to gain muscle mass.

You can get all you need here, super quality and reasonably priced. They even accept bitcoin as payment option.

Roidgear.net will now accept Bitcoin and Other Cryptos

Roidgear.net will now accept Bitcoin and Other Cryptos

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How You Can Spend Your Bitcoin Fortune wisely

How You Can Spend Your Bitcoin Fortune wisely

http://bargeldwillkommen.com/wp-content/uploads/2014/06/BellaVista_sample.jpgLet’s face it: Having only crypto will not make for a good life. And crypto now is high, very high. A correction is in the cards, so why not lock in the insane profits and convert it to something you can touch, see, feel and use? At  a bargain?

A friend of mine is offering this one-of-a-kind real state in the Caribbean, a true mansion, your neighbors will be Schmid from Google, and other hi-flyers. Cabarete, one of the six important surf and kite surf locations in the world is just 5 minutes by car.

He is very motivated to sell as he needs to go back to Europe to take care of his elder parents.

Go and have a look for yourself

Or here first a video:


Ether’s Record Trading, Equities Make Steady Gains: Markets Wrap

  • Ether is up 600.1% since last year, according to Messari
  • Invesco and ProShares plan to launch bitcoin futures ETFs

Ether’s two-month high on Thursday morning had the ‘London hard fork’ to thank, trading over $2,800.

Investors’ eyes were on EIP-1559, which proposed a set of changes to the blockchain’s code. Following the launch, ether and bitcoin both advanced roughly 4%.

ETH has been capturing the lion’s share of attention for the last few months.

  • ETH:BTC soared to the highest it has been in over a month at 0.071 this morning.
  • Ether is up 600.1% since last year, according to Messari.
  • Bitcoin is up 301.46% in the same time frame.
  • ETH is up +17.79% while BTC is up 3.01% over the last seven days.

Ethereum passed bitcoin on year-over-year growth, Blockworks reported. The data, compiled by Coinbase, revealed that ETH appreciated 895% while BTC’s appreciation was up 280% in the 12 months period of growth.

In decentralized finance (DeFi), Swisscom announced today that it is joining oracle network Chainlink, Blockworks reported on Thursday. In the blockchain industry, oracles are third-party intermediaries that provide smart contracts and decentralized applications with real-world data that allows for contract execution. 


  • Uniswap is trading at $25.10 with a total value locked of $4,711,894,171 up 0.1% in 24 hours at 4:00 pm ET. 
  • Chainlink is trading at $24.09, advancing 0.3% with trading volume at $1,149,630,985 in 24 hours at 4:00 pm ET.
  • DeFi:ETH is 30.8% at 4:00 pm ET.


  • Bitcoin is trading around $40,879.42, up 3.04% in 24 hours at 4:00 pm ET.
  • Ether is trading around $2,797.015, advancing 3.27% in 24 hours at 4:00 pm ET.
  • ETH:BTC is slightly lower at 0.0685, down -0.15% at 4:00 pm ET.
  • VIX declined -2.84% to 17.46 at 4:00 pm ET.


“BTC was stumped by resistance in the 42k region and has fallen decisively back into the 30-40k range. A stronger catalyst may be required for the decisive break above 40k or below 30k. There are some potential ones on the horizon,” QCP Capital Broadcast said in a note on Tuesday. “…ETH has clearly started to price [the EIP-1559 mainnet implementation] in, rallying 57% in the last 12 trading days and breaking out of the consolidation triangle formed over the last 3 months.”

Ethereum / Bitcoin hit over a one-month high on Thursday morning. Source: TradingView

Wall Street gauges stayed ahead following news that initial jobless claims matched analysts expectations. Claims fell to 385,000 after reporting 399,000 the week prior. However, employers are still struggling to fill positions. Investors are waiting to assess the July employment report on Friday. 

Corporate earnings continue to roll in on Thursday. Zillow Group, Inc. surpassed Wall Street estimates with $1.31 billion in Q2 revenue 

In the Nasdaq composite, Amazon.com, Inc. announced that they would postpone returning to office until 2022. Originally, the tech giant anticipated staff to return September 7 of this year. Shares were trading 0.03% lower by 4:00 pm ET.

Robinhood Markets, Inc. (HOOD) tanked on Thursday as the company revealed that some investors are set to sell over 99 million shares over time. Following the news, the popular retail trading platform dropped 19.42% intraday. It’s been a wild week for HOOD whose stocks surged 53% on Wednesday.

All major equities closed in the green.


  • The Dow is up 0.64% to 35,014.
  • S&P 500 advanced 0.49% to 4,424.
  • Nasdaq rose 0.71% to 14,887.

The US 10-year treasury advanced four base points intraday following improved labor market data.

Fixed Income

  • US 10-year treasury yields 1.222% as of 4:00 pm ET.


  • Brent crude rose to $71.27 per barrel, advancing 1.29%.
  • Gold fell -0.45% to $1,806.30.


  • The US dollar strengthened 0.01%, according to the Bloomberg Dollar Spot Index.

In other news…

Invesco and ProShares have filed for actively managed crypto ETFs that would invest in bitcoin futures contracts just days after SEC Chairman Gary Gensler hinted that products of this type could be granted favorable regulatory treatment.

We’re watching out for…

  • Investors wait to assess the July employment report on Friday morning at 8:30 am ET.

That’s it for today’s markets wrap. I’ll see you back here tomorrow.

Want more investor-focused content on digital assets? Join us September 13th and 14th for the Digital Asset Summit (DAS) in NYC. Use code ARTICLE for $75 off your ticket. Buy it now.

The post Ether’s Record Trading, Equities Make Steady Gains: Markets Wrap appeared first on Blockworks.

EIP-1559 is Live Thanks to Ethereum’s London Hard Fork

  • MEV, or Miner Extractable Value, or a new way for miners to extract revenue from the Ethereum blockchain in an era of reduced mining revenue
  • MEV is a measure of the income a miner receives from their ability to reorder transactions within a block. This can be problematic as it allows front-running of transactions, and challenges the idea of the immutability of the blockchain

The London hard fork went live Thursday, and despite some vocal opposition from miners, the EIP-1559 upgrade went through without a hitch and the price of Ether subsequently rose nearly 4% to $2,800 according to CoinGecko

“The London Hardfork is one of the most significant upgrades to Ethereum in the history of the network. In our eyes, the upgrade will be viewed as a positive catalyst. It makes the network more usable by making fees more predictable for end users and also creates a new potentially deflationary monetary policy. The biggest outstanding question is around EIP-1559, which radically reduces revenue earned by block producers and therefore potentially reduces the security of Ethereum,” Tushar Jain, Managing Partner, Multicoin Capital told Blockworks in a statement.  “We expect block producers to make up lost revenue by either capturing more MEV or by joining other networks that help them earn fees in different ways.”

Of miners and MEV: Ethereum’s new reality

MEV, or Miner Extractable Value, refers to the ability for miners to re-prioritize the orders of transactions on the Ethereum blockchain. This process was first described in a paper published in mid-2020 by Cornell Researchers called the “Flash Boys 2.0” which documented the rise of bots on the then-nascent decentralized exchange market that would front-run trades by outbidding them on the network, forcing their trades to come in first and materially moving the market in their favor.

The value lost to retail investors from this trade re-ordering hasn’t been quantified, but to an average observer it would remind them of some of the criticisms put forward by retail traders at the height of Robinhood’s GameStop fiasco earlier this year. 

According to Flashbots, an aggregator that tracks these bots and the MEV they extract, since the start of 2020 $725.7 million in value has been extracted by miners in this fashion.  For a point of comparison, the total value locked into DeFi is just above $73 billion according to DeFi Pulse and the trading value on UniSwap, the best known DEX, is around $1.7 billion a day according to CoinGecko

This all comes back to one core issue: miners have to make up for lost revenue because of EIP-1559’s ‘burning’ of transaction fees as a form of rent control on fees and deflation on the Ether money supply. According to ultrasound.money, since the London Hard Fork went live earlier today over 2,400 ether or $6.7 million has been burnt.

Ethermine, a vocal opponent of EIP-1559, introduced in March specific front-running software for its mining pool (it accounts for just over 20% of the collective hashrate of Ethereum). At the time, Ethermine said this was to “compensate for the upcoming mining reward reduction caused by the adoption of EIP 1559.

While the threat of a miner coup was played down because of the looming transition to ETH 2 and the move away from miner-intensive proof of work to proof of stake, the problem is all signs point to MEV being something that’s here to stay. Miners will simply be swapped out and replaced with validators — stakeholders that hold a lot of Ether — doing the same. 

According to a report from Flashbots, miner rewards will simply be called validator rewards. The name might shift to ‘maximal’ not ‘miner’ extractable value, but the principle will remain. 

“We find that MEV will significantly boost validator rewards but may reinforce inequalities among participants of ETH2,” the group wrote. 

Want more investor-focused content on digital assets? Join us September 13th and 14th for the Digital Asset Summit (DAS) in NYC. Use code ARTICLE for $75 off your ticket. Buy it now.

The post EIP-1559 is Live Thanks to Ethereum’s London Hard Fork appeared first on Blockworks.

Invesco, ProShares Plan to Launch Bitcoin Futures-Based ETFs

  • In addition to bitcoin futures contracts, actively managed products may invest in Canadian bitcoin ETFs, Grayscale Bitcoin Trust
  • Planned products come after Invesco and ProShares filed for index strategies focused on blockchain and digital assets companies

Invesco and ProShares have filed for actively managed crypto ETFs that would invest in bitcoin futures contracts just days after SEC Chairman Gary Gensler hinted that products of this type could be granted favorable regulatory treatment.

The $1.5 trillion Atlanta-based asset manager revealed plans to launch the Invesco Bitcoin Strategy ETF in an Aug. 4 SEC disclosure. The document does not indicate a ticker or expense ratio for the proposed offering. 

The fund is actively managed and plans to invest most or all of its assets in exchange-traded bitcoin futures contracts traded on the the Chicago Mercantile Exchange (CME), as well as collateral investments, such as cash or government securities, the filing states. It will not invest directly in bitcoin.  

While the proposed fund generally seeks to have full exposure to bitcoin futures, the fund may at times invest in bitcoin-related assets, which include ETFs listed outside of the US and open-ended private investment trusts that are linked to bitcoin, such as the Grayscale Bitcoin Trust (GBTC). 

Meanwhile, ProShares also filed with the SEC on Aug. 4 to launch a similar fund. Like the planned Invesco product, the ProShares Bitcoin Strategy ETF would be actively managed and  invest in bitcoin futures contracts traded on the CME. It may invest in Canadian ETFs, but would not directly invest in bitcoin. 

No ticker or management fees are yet listed for the ETF. 

Spokespeople for Invesco and ProShares declined to comment on the applications.

The filings come after Gensler said during the Aspen Security Forum on Tuesday that he anticipates more crypto ETF filings from fund managers.  

“I look forward to the staff’s review of such filings,” he noted, “particularly if those are limited to these CME-traded Bitcoin futures.”

Futures first?

Though there are about a dozen crypto ETFs, many that would invest directly in bitcoin, awaiting approval by the SEC, Gensler’s comments could mean that ETFs that hold bitcoin futures could be greenlit first, industry watchers have said. 

Ben Johnson, Morningstar’s director of global ETF research, told Blockworks that he is not surprised by the latest Invesco and ProShares filings.

“Asset managers are pulling out all the stops to be first to market with a bitcoin ETF,” Johnson said. “The experience of the first Canadian bitcoin ETFs has shown that the first one out of the gate may win most of the assets.”

Purpose Investments launched Canada’s first bitcoin ETF in February, and the fund has grown to $1.1 billion (CAD) in assets, according to the firm’s website. Evolve ETFs’ bitcoin ETF, which launched a day after Purpose’s offering, has just $83 million in assets.

The proposals are not the first forays into crypto for Invesco and ProShares. 

Not their first forays

Invesco filed in June to launch the Invesco Galaxy Crypto Economy ETF. Unlike the latest filed-for actively managed product, that fund would invest at least 80% of its total assets in the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index. That offering also expects to invest in bitcoin futures, with a planned allocation of about 10%.

John Hoffman, Invesco’s head of ETFs and indexed strategies in the Americas, said during an interview on Bloomberg’s “Trillions” podcast that there are “incredible parallels” between the ETF and digital asset markets. He added that Invesco has historically pioneered new ways to get exposure to new asset classes, and continues research and development in the crypto realm.

“There’s a lot of questions that need to be solved in this blockchain — and more specifically, bitcoin — space,” he told Bloomberg. “I would argue that the first bitcoin ETF is not the ending place. There is going to be theoretically a whole series of return patterns in this market, in this new asset class, and it’s something that we are spending a lot of energy on.”

ProShares was among the first sponsors to file for a bitcoin strategy ETF in 2017, and ProFunds, its parent company, last week launched the Bitcoin Strategy ProFund. The first publicly available US bitcoin strategy mutual fund primarily invests in bitcoin futures contracts. 

The fund group also proposed to the SEC in June the ProShares S&P Kensho Global Crypto & Blockchain ETF, an index fund that would invest in companies focused on distributed ledger technology and digital currencies. 

“ProShares constantly strives to develop innovative products like the Bitcoin Strategy ProFund that expand investors’ choice and offer new ways to access important asset classes,” a spokesperson said.

Want more investor-focused content on digital assets? Join us September 13th and 14th for the Digital Asset Summit (DAS) in NYC. Use code ARTICLE for $75 off your ticket. Buy it now.

The post Invesco, ProShares Plan to Launch Bitcoin Futures-Based ETFs appeared first on Blockworks.

Singapore’s DBS Reports $100 Million in Digital Assets in Custody

  • DBS said its digital assets exchange has just under 400 customers
  • These customers did $133 million worth of transactions during the quarter

During a briefing call with analysts, DBS CEO Piyush Gupta said he was “quite pleased” with the progress the exchange had made since it first launched in December 2020. Gupta said that the exchange’s goal was to hit 1,000 customers from the “tad under 400” it currently has. These approximately 400 institutional clients (the exchange isn’t open to retail investors) did around $133 million in transactions during the quarter.

The exchange offers trading for bitcoin, ether, bitcoin cash and XRP in multiple regional currency pairs, as well as digitized stocks and bonds.

In June, DBS said that it would offer a bond in the form of a Security Token Offering but its not clear as to the progress it has made with this project. At the time, experts Blockworks spoke to said they haven’t “seen much interest” in the offering and prior endeavours to offer STOs haven’t generated much excitement in Asia.  

Gupta also mentioned that he expects the volume to pick up once the exchange extends its trading hours past the Singapore business day. 

“A large part of this activity actually happens outside the Asian time zone,” he said. 

Overall, Gupta said that DBS recorded a 37% jump in quarterly net profit to $1.26 billion, compared to the same time last year as Singapore’s economy re-opens. While the Delta variant continues to be a concern, Gupta pointed out that the hospitalization rate in Singapore continues to be low and the recovery rate high. 

Overall, the bank’s new business segment, which includes the digital exchange, expansion into rural banking in China and India, as well as growth-stage debt financing platform EvolutionX brought in $350 million in revenue.

Gupta said that these new initiatives were an important focus for the bank in order to find new sources of revenue in an era of prolonged low interest rates. 

Curiously, during the bank’s quarterly update for the media there wasn’t much of a focus on the digital exchange, however, and it only got a passing mention until the analyst briefing later. A DBS spokesperson didn’t return a request for comment on why this was by press time. 

DBS’ stock is currently trading for SGD 30.80 ($22.20) in Singapore. It’s up nearly 18% since the start of the year.   

The post Singapore’s DBS Reports $100 Million in Digital Assets in Custody appeared first on Blockworks.

Podcast: Senator Lummis on Why the Infrastructure Bill Kills Innovation

In the latest episode of Blockworks’ podcast “Empire,” Jason Yanowitz , co-founder of Blockworks, sits down with US Senator Cynthia Lummis (R-WY) to talk about the proposed infrastructure bill and the negative effects the bill could have for bitcoin, digital assets and innovation.

This is a shorter episode than usual as Senator Lummis had less than 30 minutes to record between votes.

Senator Lummis and Jason talk about:

  • Impact of inflation
  • Increasing national debt
  • Fiscal policy
  • The infrastructure bill
  • Knowledge of BTC in the Senate
  • Regulation vs innovation

Check out what they had to say in the video below. 👇

On “Empire,” once a week, Jason interviews individuals that have built the crypto industry to talk about their struggles, bold moves and tough decisions. For any NPR or Guy Raz fans out there, you can think of “Empire” like a “How I Built This” for the bitcoin and crypto industry.

Episodes are released every Thursday morning. 

Subscribe to Empire today on Apple or Spotify. Watch episodes on YouTube.

The post Podcast: Senator Lummis on Why the Infrastructure Bill Kills Innovation appeared first on Blockworks.

Marvel to Launch Spider-Man NFTs This Week — NFT Comic, ‘Super-D Figures’ to Follow

Marvel to Launch Spider-Man NFTs This Week — NFT Comic, 'Super-D Figures' to Follow

On August 5, Orbis Blockchain Technologies Limited and Marvel Entertainment kicked off the Veve Digital Collectibles’ “Marvel Month” celebration. The two companies plan to issue the first non-fungible token (NFT) assets featuring the Marvel Super Hero, Spider-Man.

The Orbis Veve App and Marvel to Launch the First Spider-Man Statue NFTs

This week, Spider-Man and non-fungible token (NFT) fans will be able to purchase and interact with a set of five unique digital statues of Marvel’s Spider-Man on August 7 at 8 a.m. (PT). Bitcoin.com News reported on Marvel Entertainment’s partnership with Orbis at the end of June. “The Spider-Man series drop is the first of many digital statues, digital comic books, and other digital collectibles in Veve’s Marvel Month initiative,” the announcement details.

According to the press release Veve’s Marvel Spider-Man statue initiative will include:

  • Common – Spider-Man – The Amazing Spider-Man Price: $40.00 – Quantity: 32,000
  • Uncommon – Spider-Man – Hangin’ Out Price: $50.00 – Quantity: 16,000
  • Rare – Spider-Man – Jump Into Action Price: $100.00 – Quantity: 9,000
  • Ultra-Rare – Spider-Man – Animated Price: $250.00 – Quantity: 2,500
  • Secret-Rare – Spider-Man – Ultimate Animated Price: $400.00 – Quantity: 1,000
Marvel to Launch Spider-Man NFTs This Week — NFT Comic, 'Super-D Figures' to Follow
Three out of the five different Spider-Man NFTs due to launch on August 7, 2021.

Marvel and Veve say that the Spider-Man series of statues is just the beginning, as NFTs like a unique Marvel Comics Issue #1 from 1939 will be released. “Each version will have a different cover and a different level of rarity and offered in a ‘blind box’ format for $6.99,” the announcement details. An exclusive line of “Super-D figures” from Marvel will be revealed on the Veve application as well. “Each digital figure will have a different level of rarity and will also be sold in a blind box format for $13.00,” Marvel says.

“Spider-Man is one of the most legendary Super Heroes in the Marvel Universe, so there was no better way to kick off our global digital collectibles experience with Veve,” Dan Buckley, the president of Marvel Entertainment remarked in a statement. “We can’t wait to bring Marvel fans and collectors even more exciting drops throughout August and beyond.”

Marvel’s arch-rival DC Comics will be releasing NFT someday in the future as well, as the comic book creator hinted at releasing DC Comics NFTs at some point in time. The only reason the public found out about this information is because DC Comics’ legal expert told artists and comic book freelancers not to produce DC Comics-related NFTs without permission.

It seems, at least for now, Marvel Entertainment has beat DC Comics to the NFT race and the comic book creator will have to catch up.

What do you think about Marvel’s upcoming Spider-Man NFT drop on August 7? Let us know what you think about this subject in the comments section below.

‘A Lazy Way to Showcase NFTs’ — Mark Cuban’s Lazy.com NFT Platform Integrates With Polygon

'A Lazy Way to Showcase NFTs' — Mark Cuban's Lazy.com NFT Platform Integrates With Polygon

On Thursday, the non-fungible token (NFT) platform and digital art gallery backed by Mark Cuban announced the project has integrated with Polygon. The platform allows anyone to showcase NFTs by leveraging a unique lazy URL to social media profiles, and the integration announcement highlights the protocol is now live on Polygon mainnet.

Lazy.com Joins Polygon

The non-fungible token digital art gallery Lazy.com has announced on Thursday that the protocol is now integrated with the Polygon platform, formally called Matic. The Lazy.com web portal says that the gallery is the “lazy way to show off your NFTs.” The Lazy project is also backed by the Shark Tank co-host and billionaire entrepreneur Mark Cuban. The integration with Polygon coincides with the launch of Polygon Studios. The newly crafted Polygon Studios is basically an NFT-focused gaming realm and metaverse designed to be a “hotbed of digital culture.”

Mark Cuban who is also a believer in Polygon, explained during the integration announcement that the Lazy.com project aims to bolster the NFT industry by making it more “approachable and accessible.” “Lazy.com does exactly as its name suggests — it’s the effortless way to show off your NFTs — designed to showcase NFTs in the same way galleries display art. Simple, easy, lazy,” Mark Cuban, the founder of Lazy.com, said.

Polygon Benefits and Complaints, Polygon Studios’ $100 Million Fund

The India-based cryptocurrency Polygon (MATIC) was specifically crafted to make Ethereum-based transactions cheaper. A number of NFT creators, blockchain games, and NFT marketplaces leverage the Polygon protocol. Well known platforms utilizing Polygon include projects like Opensea, Rarible, Beeple’s NFT platform, and more. Although, Polygon has seen technical issues, network difficulties, problems with Decentraland integration, and people have complained about staking issues.

However, data from Coin98 Analytics shared four different photographs of all the applications that leverage Polygon and the list is quite large. “Can you name an alternative Ethereum Layer 2 ecosystem that is bigger than Polygon?” the analytics provider Coin98 Analytics asks.

While announcing the Lazy.com integration, Polygon detailed that Polygon Studios launched a $100 million fund focused on promoting gaming-related NFT projects. “The studio aims to help web 2.0 game developers integrate web 3.0 elements and NFTs into their platforms,” the company’s announcement notes.

Meanwhile, Shark Tank’s Mark Cuban understands that the NFT ecosystem still has a ways to go but he looks forward to seeing what it produces. “NFTs still have their adoption hurdles, but none are as consequential as transaction fees and efficiency — Polygon’s structured, and easy-to-use scaling solution obliterates these barriers. I’m excited to see how the NFT space develops from here,” Cuban concluded in the Lazy.com integration announcement.

What do you think about Lazy.com integrating with Polygon? Let us know what you think about this subject in the comments section below.

Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund

PRESS RELEASE. Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion.

5th August 2021, Kuala Lumpur, Malaysia — On the eve of the project’s 1st year launch anniversary, social media platform Torum has released its H2 strategic ecosystem expansion plan, prioritizing the construction of a one-stop crypto ecosystem. The plan includes core features that aim to solve the industry’s information asymmetry problems and improve the connection between projects and communities through a social-based ecosystem.

Torum H2 Strategic Ecosystem Expansion Plan

The Torum H2 Strategic Ecosystem Extension plan will include numerous core features, including:

  • Torum NFT Launchpad: The INO platform for projects to issue a set of limited-edition NFTs to the community
  • Torum NFT Marketplace: The first social-infused NFT marketplace with the ability to market NFTs to the users of Torum.
  • Torum Airdrop: A premium section for projects to conduct airdrop to the Torum community
  • Torum News: A one-stop news and information aggregator for projects
  • Torumgram: A bridge that connects Telegram groups and channels into Torum
  • Torum Lounge: An audio-only board to conduct AMA and close-engaging events.

The expansion plan has caught the attention of the Huobi Ventures HECO Fund, which led to the strategic investment of the VC firm on Torum. With Huobi Ventures coming into the fold, Torum will assist in the expansion of the Huobi ecosystem from marketing and community building aspects, particularly in connecting Huobi and HECO-based projects with the Western market.

Yi Feng Go, CEO & Founder of Torum said that:

“Community consensus has always been the largest asset of Torum. However, the vast potential of a social media ecosystem like Torum is yet explored completely at such an early phase. With the support of Huobi Ventures, we are confident that Torum can grow exponentially by bringing onboard HECO-based projects and their communities for the next 6 to 12 months. We are super excited to be working closely with ecosystem partners like Huobi Ventures.”

As part of the strategic investment, Huobi Ventures will provide resource access to exclusive media partners, community building, and project connections for Torum. The resource integration from Huobi will further expand the ecosystem outreach of Torum, which has already accumulated over 64,000 cryptocurrency enthusiasts from over 10 countries, including the U.S, Canada, Latvia, Spain, Germany, France, Poland, Malaysia, etc.

Huobi Ventures and HECO

One of the key focuses of Torum for H2 2021 is to bring onboard quality HECO-based projects to its social media ecosystem. With the support of Huobi Ventures, Torum can provide premium benefits to HECO-based projects including access to the Western market, community building tools, brand exposure, community integration, and more.

Loki, Investment Manager of Huobi Ventures commented that:

“Huobi Ventures HECO Fund strives to expand the Huobi ecosystem and welcome high-quality HECO-based projects like Torum. With the addition of a crypto-centric social media platform to our portfolio, we can utilize the core features of Torum like NFT Launchpad to provide community and resources outreach for the projects on the HECO ecosystem.”

Visit the Torum website to have a glimpse into the future of social media, or keep up to date with all Torum developments through the company’s official Twitter account.


About Huobi Ventures HECO Fund

Huobi Ventures is a wholly-owned subsidiary of the world’s second-largest cryptocurrency exchange, Huobi Group is focused on boosting the firm’s investment portfolio and providing long-term support for innovative blockchain projects.

Huobi Ventures HECO Fund mainly invests in upstream and downstream initiatives in the global blockchain industry. In addition to its exchange business, its investments also cover the primary market, secondary market quantitative funds, investment banking, incubators, asset management, wallets, mining, market data vendors, the global community, media, cybersecurity, public chains, DAPP, and platforms, regulation, talent recruiting, training, and research.


About Torum

Torum is the world’s first DeFi + NFT integrated social media platform that is specially designed for cryptocurrency users. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital, and 15 other prominent crypto VCs, Torum is now one of the fastest-growing crypto social media platforms with an impressive 20 – 30% monthly user growth rate.


Torum Socials

Twitter | Telegram | Medium | Facebook


Media Contact Details

Contact Name: Jayson Tan

Contact Email: [email protected]


Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com 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.

Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum

Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum

On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization provider. The gold-backed ERC20 tokens called “kitco gold (KGLD)” “represent one true, troy ounce of fine gold,” according to Kitco.

Kitco Launches KGLD Token Backed by a Troy Ounce of .999 Gold

In the seventies, Bart Kitner started trading gold with funds he got from a loan and managed to expand his business into a massive precious metals company from a mere $700 investment. The global precious metals (PMs) market, Kitco, is considered an authority when it comes to PMs like gold, platinum, palladium, and silver. The Montreal-based PM company also runs a popular PM-focused website that offers financial news and PM market data.

Now the company is getting into cryptocurrency solutions as Kitco revealed it has partnered with the custodian First Digital Trust, the blockchain provider Tradewind Markets, and tokenization firm Stably. Kitco will launch a token called kitco gold (KGLD) which will translate into a single troy ounce of .9999 fine gold. The Kitco ERC20 tokens will be backed by gold reserves held in Directreserve vaults. The well-known CPA verification firm Cohen & Company will bolster the coin’s attestation process.

Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum

Because Kitco’s token is an ERC20, the firm believes the coin can be easily added to exchanges, wallet platforms, and defi ecosystems. The token’s value is recorded in real-time using the same market value of the spot gold price. John Dourekas, the chief business development officer of Kitco Digital Metals Group, explained on Wednesday that Kitco has been anticipating the release of KGLD.

“We’ve been looking forward to unveiling Kitco Gold, representing a digital receipt of physical gold ownership, which is digitally spendable,” Dourekas said in a statement. “Buyers will be able to access a secure and reliable gold token, the most robust asset class to date. Institutional investors will have a competitive alternative to traditional gold products such as gold ETFs, with the additional benefits of real-time trading and settlement enabled by blockchain technology.”

Gold Tokens Jump 30-Fold Since 2020, Kitco’s Gold Coin Will Face Competition

Kitco’s announcement follows the recent report published by Arcane Research which details that gold-pegged tokens have jumped in value 30x since the start of 2020. The PM dealer’s move also follows the largest increase in inflationary pressure since the 2008 financial crisis. Kitco has further indicated there’s been a trend of traditional financial institutions looking for stable hedges like PMs and crypto-assets.

“Trust and verification are hallmarks of a well-functioning market,” Tradewind Markets CEO Michael Albanese said during Kitco’s gold-backed token launch announcement. “We are pleased to be applying best practices from other asset markets to make gold as an investment asset more secure, accessible, and cost-efficient.”

Kitco’s KGLD creation will face gold token competitors as there are tokenized versions of both troy ounce measurements of gold and grams as well. KGLD will face projects like Tether Gold (XAUT), Digixglobal (DGX), PAX Gold (PAXG), Perth Mint Gold Token (PMGT), Gold Coin (GLC), and many more. In 2020, on a few occasions reports had shown gold-backed tokens were fetching premiums.

What do you think about Kitco’s gold-backed ERC20 token launch announcement? Let us know what you think about this subject in the comments section below.

Russia to Track Crypto Transactions With Help From Sberbank-Owned Company

Russia to Track Crypto Transactions With Help From Sberbank-Owned Company

The Federal Financial Monitoring Service of Russia is going to start tracking cryptocurrency transactions. The agency has already selected a contractor to develop the platform. The entity is affiliated with one of Russia’s largest financial institutions, Sberbank.

Rosfinmonitoring to Keep Record of Cryptocurrency Wallets Used for Illicit Purposes

Russia’s financial watchdog, Rosfinmonitoring, has selected a contractor for the building of a platform that will be used to track cryptocurrency transactions in the country. The company that won the tender, RCO, is managed by Rambler Internet Holding which is affiliated with the banking giant Sberbank, Russian crypto media reported.

Russia to Track Crypto Transactions With Help From Sberbank-Owned Company

The Unified Information System in the Field of Procurement portal shows that the project has a price tag of an estimated 14.7 million rubles (over $200,000). The money will be spent to enable the regulator to closely monitor illegal transactions involving cryptocurrencies. According to Rosfinmonitoring, the initiative aims to ensure compliance with the law and increase transparency in the crypto industry.

The platform will be expected to perform multiple tasks such as tracking flows of digital financial assets as well as identifying and profiling participants in the crypto market to assess their economic roles and behavior. RCO will have to create and maintain a database of cryptocurrency wallets associated with illicit activities and financing of terrorism.

Russia to Identify Crypto Users Suspected of Criminal Activities

Unlike other tools that analyze crypto transactions, the new platform should also reveal the identities of crypto users suspected of involvement in illegal activities, said Moscow Digital School associate Efim Kazantsev, quoted by Bits.media. However, he noted that with closed blockchains, the disclosure of user data will depend on the networks. Regulators and law enforcement agencies will probably be able to access this information only as part of ongoing investigations, Kazantsev elaborated.

The processing of cryptocurrency transactions also involves recording data outside the blockchain. For example, with internet providers, explained Maria Stankevich, director of development at crypto exchange Exmo. Using this type of information, an IP address can be established and a sender identified.

Russia to Track Crypto Transactions With Help From Sberbank-Owned Company

It is possible to de-anonymize transaction participants even on confidential blockchains such as Monero and Zcash, added Nikita Zuborev, senior analyst at the Russian exchange aggregator Bestchange.ru. He is convinced the latest big data analytics tools would be able to handle that.

Bitcoin (BTC), ethereum (ETH), and monero (XMR) are the most popular cryptocurrencies among criminals, according to Rosfinmonitoring. Earlier this year, it was announced that the agency had developed a crypto tracking system called ‘Transparent Blockchain.’ The motives for building a new one now remain unclear.

Do you think Russia will be able to track and identify crypto transactions and users? Share your thoughts on the subject in the comments section below.