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After a Reprieve from US regulators, Billionaire Ethereum Co-founder now looks to China

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Ethereum

By a mile, last week was a good week for Ethereum investors. Even though the market has been quite bearish, Ethereum has remained fairly stable amid news of exchanges getting attacked and regulators paying close attention. In fact, after the SEC(Securities and Exchange Commission) put Bitcoin and Ethereum in the clear with statements that revealed the two cryptocurrencies as not being subjugated under securities laws and regulations, Coinbase ( a leading wallet and exchange platform in the US) added Ethereum Classic to its platform while also promising to add more ERC-20 tokens.

As it seems at the moment, Ethereum Classic is the newest investment in town considering the coin has been leading the altcoin market recovery after a mild dip that came with the news of Bithumb getting hacked. However, new developments by big-time crypto investors reveal that there could be a rise of Ethereum based cryptocurrencies that we all need to consider.

Anthony Di Lorio shopping for new Blockchain ventures

Bloomberg first reported that Anthony Di Lorio, a co-founder of Ethereum, is shopping for bargains with a particular interest in Vechain and Qtum (both China-based Blockchain projects). According to Di Lorio, “The biggest stake for” him at the moment “is in Qtum and Vechain.”

In an interview he did in Toronto, the billionaire also pointed out that “there are many opportunities in newer” projects “if you can identify them.”

To the uninitiated, Di Lorio is the creator of the Jaxx crypto wallet who used his early investments in Bitcoin to become one of Ethereum’s co-founders and ground floor investors. Currently, he runs Decentral, which is a hub in Toronto that is primarily built to focus on Blockchain projects.

Why is he focusing on Vechain and Qtum?

Although Vechain and Qtum are not among the top ten crypto projects at the moment on CoinMarketCap, it is easy to see why they both appeal to Di Lorio. Both VEN and QTUM are Ethereum based cryptocurrencies.  In fact, the two Blockchain projects boast of control over the biggest up and coming crypto markets including China, Japan, and South Korea.

Qtum, for instance, is improving on Blockchain with a protocol that combines Bitcoin’s reliability with Ethereum’s smart contracts and flexibility. Currently, it has a market capitalization of about $914 million while being ranked among the top 20 cryptocurrencies on CoinMarketCap.

VeChain, on the other hand, provides a supply chain management Blockchain application with a focus on financial services. The VEN coin that runs on the Vechain’s Blockchain is currently ranked number 17 with a market capitalization of about $1.7 billion.

With pioneer crypto investors like Di Lorio looking to double down with new ventures in the crypto space almost a decade since Bitcoin was invented, it’s a clear sign that the market is shifting gears. Comparing Bitcoin to Ethereum, the former seems to have made strides in terms of building a platform where projects such as Vechain and Qtum can be established. However, when asked about Bitcoin’s future by Bloomberg, Di Lorio responded by saying that Bitcoin is “going to consistently do what it’s been doing over the last year as more people start to use it.” Clearly, he is still a Bitcoin bull.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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