Connect with us

Hot Updates

VirgoX and Global Digital Assets (GDA) Launch World Stablecoin Association in Geneva

Published

on

Digital asset exchange VirgoX and blockchain capital markets firm Global Digital Assets (GDA Capital) have launched the World Stablecoin Association (WSA), an independent, not for profit organization headquartered in Geneva, Switzerland.  

The WSA’s mission is to unite business leaders, enterprises, community buildings, and regulators in the stablecoin industry internationally, the founding companies stated today. Besides the two founding firms, the new organization’s members already include BlockGeeks, stablecoin projects BRZ,  CBRL, Peg Network, QCAD, QC, Ren, Stably, USDK, XDB, and capital groups Alpha Sigma Capital, Consensus Labs, and Nova Club.  VirgoX’s CEO Adam Cai said they are in talks with larger projects, such as Tether (UDST), USD Coin (USDC), Dai (DAI), and HUSD. 

Additionally, several influential blockchain media and communities, such as Blockchain Club, Mars Finance, Jinse Finance, expressed interest in curating and delivering “more stablecoin trends with the WSA”. Membership will also be open to enterprises, government agencies and other active companies adding value to and advocating for stablecoins. 

The WSA members point out that the use and demand for stablecoins have been growing exponentially over the past few years.  On-chain stablecoin activities have increased over 800% in the last 12 months alone, with $290 billion in transactions, per market intelligence firm TokenAnalyst.  The total daily trading volume of stablecoins is now the largest of any digital asset on the market today.  

“Stablecoin is evolving rapidly with the exponential growth of total market cap in the past couple of years. The potential of stablecoin applications is yet to be fully unveiled. WSA is established to assist various stablecoin initiatives to develop and get connected within the industry. Every member shall benefit from the open ecosystem that WSA is building,” ” said Adam Cai, CEO of VirgoX

“Stablecoins or digital assets that are collateralized by real world utility represent the single most likely way for blockchain technology to reach a mainstream audience. The majority of the world will not hold their wealth or transact in bitcoin or any digital asset that is extremely volatile as it presents too much risk. Especially in times like these where governments around the world are printing large volumes of their countries fiat currency to stimulate the economy and also requiring USD to do international imports, stablecoins are filling the huge gap for liquidity,” said Michael Gord, the co-founder and CEO of Global Digital Assets,

Cai and Gord explained that the WSA has four pillars: policy analysis, education, partnerships and advocacy. Each member organization has at least one executive participating in at least one of the initiatives. The policy analysis committee will join forces with other research institutions, think tanks and associations to analyze the global regulatory and economic landscape of stablecoins. The education committee will publish educational material and arrange offline meetups and conferences including an annual World Stablecoin Summit each year in Switzerland. The partnerships committee will leverage relationships across industry verticals to support members in forming meaningful global alliances and the advocacy committee will act as the voice of the stablecoin industry and represent enterprises, stablecoin projects and other industry vertices to accelerate the stablecoin policy making process. 

Continue Reading
Click to comment

Ethereum

How can Ethereum casino improve the online gambling industry?

Published

on

Ethereum Casino

The undisputed king of the cryptocurrency industry is Bitcoin for the moment. This is an undeniable fact, maybe because it was the first and has been around for more than 10 years. But coming in a close second place is the Ethereum that has also been around for quite some time now. When it first emerged, ETH brought some major improvements to the table, most notably even faster speeds of transactions and the smart contract technology. From the get go, crypto casinos noticed the potential of Ethereum and that’s how the first ETH Casinos started to emerge. Since then Ethereum Casinos started going full throttle towards the progress of the gambling industry, bringing with themselves a ton of massive improvements that are truly revolutionizing the casino world.

The speed of Ethereum Casino

The first thing that everyone in the casino world notices is the incredible speed of the ETH Casinos. This is due to the fact that Ethereum uses smart contact technology that allows players to deal directly with the casino. This cuts down the time significantly and all processes are completed within a matter of minutes. For example, the classic online casinos take days to finalize the transactions, because they wait for 3-rd party organizations like banks. In case of Ethereum Casino, the deal happens directly, which translates into transfers that are made almost momentarily.

Security and Anonymity of Ethereum…

Continue Reading

Featured news

Manufacturing Blockchain Company Syncfab Featured in NASDAQ Entrepreneurial Center’s Event in Times Square

Published

on

The NASDAQ Entrepreneurial Center hand-picked several advanced projects and companies to provide individualized mentorship and executive coaching in an effort to support tech startups working on various COVID-19 solutions. As part of the program, the NASDAQ Tower in Times Square broadcasted its Milestone Makers COVID-19 Solutions Cohort live last Wednesday.  

Time-tested communications and manufacturing supply chains have been significantly damaged this year due to the pandemic. This is why manufacturing blockchain company SyncFab was one of the headliners at the conference. Supply chains have become all but non-responsive, and innovative solutions are being prioritized.

SyncFab has built and launched an advanced blockchain platform for supporting smart supply chains and allowing users to source, procure, track, secure, and pay for precision spare parts. Led by Forbes Business Council Member Jeremy Goodwin, SyncFab brings real-time capacity savings opportunities alongside addressing the billion-dollar pain points in manufacturing supply chains. It connects automotive, aerospace, and medical manufacturers with more cost-effective suppliers using blockchain-secured transactions.

“In 2020 the time has finally arrived for industry to jettison the limitations of old-fashioned manual procurement processes,” said SyncFab CEO Jeremy Goodwin in his presentation during the conference. He added that “looking forward, we [SyncFab] will expand supplier coverage, add new supplier response incentive and purchase order programs, and continue to innovate post-procurement blockchain traceability features” to meet shifting needs in the industry.

Continue Reading

featured

Ways To Become A Successful Trader

Published

on

If you want to start trading then you can trade in Forex market where you will find some great trading opportunities and you can take advantage from it if you know how to play the game in this market. At an early stage of trading almost all traders thinks that trading is all about setting up chart and entry and exit points. But if you want to be professional in this industry you must need to have knowledge about trading strategies, money management and should have control over your emotions. Now we are going to talk about a few tip which going to help you to stay alive in the trading game.

Study the Forex market

Having a sound knowledge about Forex trading is must if you want make a living from it. Traders need to know how this market works, the different currency pairs, how they behave, support and resistance and bid-ask price. There is also some complicated concepts like pips, spreads, leverage, slippage, commission etc. about which you need know clearly and able to calculate it without any confusion. You can analyze this market both technically and fundamentally, so you have to learn how to do them. There are lots of financial news publishes every day and a trader must need to understand those announcement and able to find out how the market can react to that news.

Choose…

Continue Reading

Press Release