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Become Your Own Neobank With Gnosis Pay

Become Your Own Neobank With Gnosis PayIn his interview with members of Gnosis Pay at Token2049 in Singapore, David comes away more impressed than ever. Gnosis Pay Is the Touchpoint to Tradfi That Crypto Deserves This interview was one of my favorites at Token2049 in Singapore. First off, I think Gnosis Pay—and indeed, all Gnosis products—are underappreciated by non-technical crypto users. […]

Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Pre-Bull Signs Abound

Pre-Bull Signs AboundThis editorial is from last week’s newsletter, Week in Review. Subscribe to the newsletter to get this editorial the second it’s finished, which also includes the biggest stories of the week and a comment on each story. Pre-Bull Sentiment Rises This week it felt like the entirety of the crypto industry descended upon the city-state […]

Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Dfinity, Cambodia agree on advancing smart city innovation

The Swiss-based backer of the Internet Computer Protocol will provide training and entrepreneurial support as well as decentralized computing.

Dfinity, the Swiss foundation behind the Internet Computer Protocol (ICP) blockchain, has signed a Letter of Intent (LOI) with the Cambodia Ministry of Industry, Science, Technology and Innovation at Token2049. The parties have agreed to pursue research, training and entrepreneurial ecosystem support for smart city infrastructure.

The definition of a smart city is somewhat nebulous but emphasizes the use of advanced information and communications technology. Dfinity already has a presence in Cambodia as a partner of a United Nations Development Program pilot project for its digital Universal Trusted Credentials system.

The LOI is part of Dfinity’s continuing efforts to support the sharing of sovereign cloud technology with governments and international organizations. Dfinity founder and chief scientist Dominic Williams said:

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Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La Liga

Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La LigaBitget, a leading cryptocurrency exchange, has announced a multi-million dollar partnership with La Liga, the popular Spanish football league. This deal establishes Bitget as the official crypto partner for La Liga across Eastern Asia, Southeast Asia, and Latin America. Bitget and La Liga Join Forces The collaboration was revealed at the Token2049 event in Singapore […]

Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Talent flocks to AI but ‘frothy’ market turns off VCs: Dragonfly Capital

Dragonfly Capital general partner Tom Schmidt urged crypto projects to consider whether they need venture capital funding. 

While many talented professionals are getting into artificial intelligence, Dragonfly Capital’s general partner said in its current state, the space is turning off venture capitalists. 

In an interview with Cointelegraph’s Ciaran Lyons at the Token2049 event in Singapore, Schmidt said that crypto and AI are currently competing for talent. With AI being a new technological development, the venture capital executive said that professionals are currently more attracted to the field. He explained: 

However, the same cannot be said for venture capitalists. Regarding capital, Schmidt said that people are getting more turned off by AI because it seems very “frothy and overallocated.” 

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Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Memecoins not the ‘right move’ for celebs, but DApps might be — Skale Labs exec

Skale chief marketing officer Andrew Saunders described memecoins as a player-versus-player situation where early investors get the most gains. 

As more celebrities dive into memecoins, a former Hollywood executive who now works in the Web3 space described the flaws surrounding celebrity-backed tokens and offered a potential alternative in the form of decentralized applications (DApps). 

At the Token2049 event in Singapore, Cointelegraph journalist Ciaran Lyons spoke with Andrew Saunders, the chief marketing and growth officer of the Ethereum Virtual Machine (EVM) blockchain Skale, about celebrities jumping into Web3 through memecoins. 

The Skale exec criticized the current state of celebrity memecoins and said he would stay away from them. “I come from Hollywood, and I would never touch a celebrity memecoin,” Saunders told Cointelegraph. 

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Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Pudgy Penguins CEO unfazed by SEC actions against the NFT sector

While the SEC focuses on investor protection, Pudgy Penguins CEO Luca Schnetzler believes that investors should also hold some form of accountability for their purchases. 

Pudgy Penguins CEO Luca Schnetzler, widely known in the NFT space as Luca Netz, stated that he remains unfazed by the recent actions taken by the U.S. Securities and Exchange Commission (SEC) against the NFT industry.

On Aug. 28, NFT marketplace OpenSea revealed that it had received a Wells notice from the SEC. The company claimed that the SEC is alleging that NFTs on the trading platform may qualify as securities. Then, on Sept. 17, the SEC imposed a $750,000 fine on the restaurant Flyfish Club for offering NFTs.

As the SEC takes action against the industry, some argue that it is necessary to respond to these measures. However, Schnetzler dismisses the SEC’s actions as “nonsense.”

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Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Crypto influencer hit with bot claims after nabbing ‘best content creator’ award

Crypto influencer “Professor Crypto” deleted posts of him celebrating the award shortly after being accused of using bots to boost his following.

A crypto influencer has yet to publicly respond to accusations he used bots to manipulate his social media metrics and influence shortly after winning a “best content creator” award at a crypto event.

The investigator known as “ZachXBT” accused the influencer who goes by “Professor Crypto” on X of using “thousands of bots” to “deceive people into thinking you have an influence.”

He also implied the action could breach a United States Federal Trade Commission rule that “prohibits anyone from selling or buying fake indicators of social media influence, such as followers or views generated by a bot or hijacked account.”

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Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

VC Founders Summit: The Largest Convergence of Investors and Founders Set to Take Place in Singapore

VC Founders Summit: The Largest Convergence of Investors and Founders Set to Take Place in SingaporePRESS RELEASE. [Singapore, 2024] – The much-anticipated VC Founders Summit is set to take place on September 21st, bringing together venture capitalists, industry leaders, and innovators to shape the future of investment and entrepreneurship. As a dynamic side event of the renowned Token2049 conference, and coinciding with the excitement of Singapore Formula One Week, this […]

Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month

Here’s how crypto game Notcoin onboarded over 30M users — founder

Notcoin co-creator Sasha Plotvinov said the goal was to bridge the gap between Telegram users and crypto.

The viral clicker game Notcoin “just solved the issue” of bringing Telegram users into crypto, according to Sasha Plotvinov, founder of Open Builders, the team behind the game. 

In January, the crypto game broke records by having 20 million sign-ups within 26 days of its release. Compared to another popular blockchain-based game called Axie Infinity, which had 2.78 million monthly active users at its peak in 2022, Notcoin showed that it’s possible to onboard millions of users into crypto through gaming.

In a Cointelegraph interview at the Token2049 event, Plotvinov shared the story behind the game, which hit about 30 million users in March. The executive said the original goal was to just introduce crypto to users of the Telegram messaging app. He explained:

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Analytics Firm Issues Cardano Warning, Sees ADA Flashing Bearish Signals After 200% Rise This Month