Openbank announced that in addition to the cryptocurrencies Bitcoin, Ether, Litecoin, Polygon, and Cardano, it has added Solana and Polkadot to its investment portfolio in Spain.

The 100 % digital bank, part of the Santander Group, indicated that customers can now “buy, sell, and hold these products without needing to transfer money to another platform.” The option to schedule cryptocurrency purchases is also available; those interested can make recurring contributions “starting from €1 and without custody fees through the bank’s app or website.”

The bank assures its customers of the backing and security of the Santander Group, one of the world’s leading financial institutions, within the European regulatory framework.

“Currently, it offers an automated investment service called Robo Advisor, a catalog of over 4,000 stocks, 3,000 investment funds from more than 150 asset managers, and over 2,000 ETFs.” Furthermore, it offers its clients an AI-powered brokerage platform “that provides target prices for over 1,000 stocks in Europe and the United States.”

M.Pino

Source: intereconomia

(Reference image source: Mariia Shalabaieva on Unsplash)

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La entrada Openbank expands its cryptocurrency offering with the addition of Solana and Polkadot apareció primero en Bitfinance.

Openbank, the 100 % digital bank of Spanish financial giant Santander, announced on Tuesday its new service for buying, selling, and holding cryptocurrencies.

Customers, particularly those in Germany, will have the opportunity to perform these transactions, in addition to traditional investment portfolio operations, with Bitcoin, Ethereum, Litecoin, Polygon, and Cardano.

“The bank announced that this service will be available in Spain in a few weeks, thus expanding its coverage to one of its main markets. The new service allows users to trade cryptocurrencies directly from the Openbank platform, without the need to transfer funds to external intermediaries, with the regulatory backing of the European Regulation on Markets in Crypto-Assets (MiCA),” they stated.

According to Coty de Monteverde, Head of Crypto at the Santander Group, this initiative aims to meet the demand of the bank’s clients. “In this way, we continue to expand our comprehensive range of products and services through a fast, simple, and technologically advanced platform, backed by one of the world’s leading financial groups.”

Regarding cryptocurrency transactions, Openbank indicated that a 1.49 % commission will be applied for buying and selling, with a minimum of 1 euro per transaction. In the coming months, the bank expects to “expand its cryptocurrency portfolio and add new features, such as conversion between different cryptocurrencies.”

M.Pino

Source: observatorioblockchain

(Reference image source: Traxer on Unsplash)

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La entrada Spanish Openbank to offer cryptocurrency trading apareció primero en Bitfinance.

The cardano network recently surpassed 50 million transactions processed, which is an important record for the blockchain project.

This idea, headed by Charles Hoskinson, until a few days ago had accounted for some 50,032,742 transactions, distributed in 363 epochs (an element comparable to blocks in other networks).

It is worth noting that the network officially enabled functionality for smart contracts after an update carried out last year, with which Cardano officially began to support numerous use cases that sought to make use of the technology of the protocol to reinforce its operations.

An interesting fact about the transactions is that of the total capitalized, at least 920,000 took place in the last 15 days, being one of the highest peaks of activity recorded by the network in recent times.

It is expected that in the next few days this network will have an important update.

K. Tovar

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Source: Diariobitcoin

La entrada Cardano network exceeds 50 million transactions apareció primero en Bitfinance.

The company IOG, which manages Cardano, has financed the creation of an academic research center for blockchain technology at the Stanford University, with an estimated investment of USD 4.5 million.

With the inauguration of the Blockchain Research Center at Stanford University, Input Output Global (IOG) strengthens the efforts of Cardano developers to expand the study of digital currencies in the world.

It is worth highlighting the joint work with other academic centers in this regard, such as the universities of Wyoming, Edinburgh, Athens, as well as the Tokyo Institute of Technology.

Charles Hoskinson, CEO of IOG and main spokesperson for Cardano, said: “We have engaged in vigorous research since the inception of the business and our work forms the foundation on which Cardano has been built.”

Through its Twitter account, IOG announced the joint work with the renowned Stanford University, highlighting it as an advance in academic research as well as the application and use of blockchain technology in society.

Input Output Global is proud to announce its partnership with the prestigious @Stanford University to fund new research in #blockchain technologies.

Read about this new partnership here👇 https://t.co/yTEJo2AVdl

— Input Output (@InputOutputHK) August 30, 2022

M.Pino

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: diariobitcoin

La entrada Stanford University opens Blockchain Center apareció primero en Bitfinance.

Buenos Aires will host the Cardano – Plutus and Haskell Hackathon, an event that will take place on September 3 and 4 at the National Technological University, located in Medrano, Buenos Aires.

Among the topics that the speakers will discuss is the language of the Cardano blockchain for smart contracts. In addition, there will be live streaming of three well-known youtubers from the Cardano community, interviews with prominent members of the blockchain scene.

The organizers of the event announced the date of the event through social networks, making the invitation especially to those who are programmers and coders who want to delve into the Cardano community.

Through the link https://tally.so/r/3NpBxW you can register and ensure your participation in such an important event.

M.Pino

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

With information from specialized media and social networks

La entrada Argentina will host the Cardano Hackathon – Plutus and Haskell apareció primero en Bitfinance.

The Waves and Cardano cryptocurrencies traced their value last week and registered an increase of 50 % and 20 % respectively, giving signs of recovery to the crypto market that closed the period with figures in the green after a long period reporting balances in the red.

For the first time in two months, cryptos increased in value, albeit by a modest 1.53 %. According to the top altcoins of CriptoNoticias, the cryptocurrency that occupies the first place is Waves, which registered “a rise of up to 50 %, which managed to recover the parity of its algorithmic stablecoin with better luck than Terra’s UST”.

The second virtual currency to report an increase was Cardano (ADA) which rose almost 20 % in the last 7 days, followed by NEO, which gained a boost of around 13 % in that period.

While Chiliz (CHZ), also rose 13 % and Chainlink (LINK) increased by 11 % “after an integration with Solana”, they complete the top five of the cryptocurrencies that increased in value.

On the other hand, the most important cryptocurrencies in the market, such as Ether (ETH) and Ripple’s XRP, rose slightly in price. However, Binace Coin (BNB), Solana (SOL), Dogecoin (DOGE) or Polkadot (DOT) did not have the same luck and closed in the red at the end of the week.

Expectations for network updates

The update of the network of any cryptocurrency produces expectations in the users and clients of the cryptographic system, and that was what “happened with Neutrino USD (USDN), stablecoin of the Waves ecosystem”.

“Waves rose 51.94% in 7 days to settle at USD 8.64” and although it has not yet recovered the price of its best moment, it is certainly a sign of recovery.

The next update will be for the Cardano network, “whose Vasil fork is getting closer and closer.” and the market is already reacting satisfactorily with an increase of 19.65% in the last week, but the expectations are much higher after the update of its network is activated.

M. Rodríguez

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Source: encontrargratis.com

La entrada Waves and Cardano dominate the green week of the crypto market apareció primero en Bitfinance.

Cryptocurrencies price plummets in India following the announcement of a bill that aims to ban all private crypto.

The greatest impact was received by the WazirX exchange, which channeled panic sales as a consequence of the debates about the regulation that is being generated in that country and that is causing the price drop in the main tokens.

The exchange house sale drove “Bitcoin’s fall from nearly 4,600,000 Indian rupees ($ 61,820.73) to 3,917,659 rupees ($ 52,650.55), a 14.8 % drop in two hours.” Other cryptos, such as Ether and ADA, saw double-digit depreciation locally on the exchange.

This fact occurred after the parliament “announced the introduction and list of 26 new bills in the inventory session that included the bill of cryptocurrencies and regulation of official digital currency 2021″.

Cryptocurrencies regulation in India

Caroline Bowler, CEO of BTC Markets, referenced the cryptocurrency ban in India and highlighted that the ban should not be an option, as her judgment “would not work in the long term and would be a setback.” Therefore, it does not protect the interests of the different investors in this market.

The CEO states: “The thing with cryptocurrency is that although governments may try to ban it or try to contain it, the very decentralized nature of the technology in a way does not allow it.”

On the other hand, the CEO of crypto exchange OKEx Jay Hao admits that there is a need to focus on regulation of crypto assets in India because  the country “is home to the largest number of crypto owners in the world, and the responsibility to protect the interest of a large number of cryptocurrency investors in the country is in the hands of the government.”

M. Rodríguez

Source: es.cointelegraph.com

La entrada The price of cryptocurrencies plummets in India apareció primero en Bitfinance.

The metaverse is the investment of the financial future and the trend of the technology sector after Mark Zuckerberg announced the name change of his company, which is attracting the attention of various professionals and investors around the world.

Etymologically, the term metaverse is derived from “meta” which means beyond and “verse”, alternative or derivation of the universe. Therefore, it can be understood as the approximation between reality and the virtual.

This new virtual environment combines some aspects and functions of “social networks, online video games, the work environment or social interactions, using augmented reality (AR), virtual reality (VR) and cryptocurrencies to allow users cope in a digital or virtual environment.”

Executing the metaverse is complex and the companies involved in this environment are under the magnifying glass of the financial markets, which is why investors follow the evolution and developments in detail, considering it an immersive opportunity to make long-term investments.

Mark Zuckerberg expressed which are the objectives established by Meta, but there are various companies such as Amazon, Microsoft, Roblox, Walt Disney, among others that are related to the technology sector and want to position themselves in the market and lead a niche within the metaverse.

Metaverse and cryptocurrencies

A common factor in the metaverse ecosystem is cryptocurrencies because they will be present in all digital tractions, since the different types of financing that are executed will use the blockchain, thus cryptocurrencies are part of the future.

Bitcoin is postulated as the main digital currency in the metaverse, followed by ethereum, which will focus on digital contracts to give legal validity to financial operations, crypto such as cardano, litecoin or binance coin, polkadot, among others, will be the keys for the future.

M.Rodríguez

With information from agencies specialized on technology

La entrada Metaverse, an investment for the financial future apareció primero en Bitfinance.

An investigation carried out by MoneySuperMarket, a financial site, from the United Kingdom and disseminated by Fortune magazine, showed the electrical costs of each transaction, no matter how small, carried out by bitcoin and other cryptocurrencies, as well as its repercussions for the environment.

The results of the report show that a transaction with bitcoin requires “1,173 kilowatt hours of electricity”, an amount with which a home in the United Kingdom can be supplied for more than three months or six weeks in the United States.

When performing the calculations with other cryptocurrencies with the highest demand in the market, the following results were obtained: Ethereum 87.29 kWh; Bitcoin Cash 18,957 kWh; Litecoin 18,522 kWh; Cardano 0.547 kWh; Dogecoin 0.12 kWh; XRP 0.0079 kWh.

According to the number of transactions carried out with bitcoin during a year, an approximate consumption of “123 terawatt hours or 123 billion kWh was determined. While Ethereum consumed 39.19 terawatts and cardano only 0.01 terawatts. These figures reflect that the energy consumption required by bitcoin is higher than that used by 185 countries and comparable to the annual energy consumption in Norway.

The report also presented the calculations made in money. That is, they took the world average price per kWh, which stood at 9.0 cents on the dollar and determined that each bitcoin transaction has a value of $ 173. While Ethereum transactions amounts to $ 12.92; Bitcoin Cash $ 2.81; Litecoin $ 2.74; Cardano $ 0.08; Dogecoin $ 0.02 and XRP $ 0.001.

Energy consumption of NFTs

The report also dedicates a section to determining the amount of power required by NFTs, noting that most transactions are executed on the ethereum blockchain and although it could be assumed that an “NFT transaction would use the same amount of power as an ethereum transaction”. However, the research determined that it is not that simple because “each step of the cycle requires energy.”

The document indicates that the average electricity consumption of an NFT is about 340 kWh “and leaves a carbon footprint of 241 kgCO2”. When making the estimates with the total amount of registered sales of the NFTs in the last 12 months, they found that the cost of each NFT is equivalent to 50.32 dollars.

M. Rodríguez

Source: diariobitcoin.com

La entrada Electric cost of each transaction in bitcoin amounts to $ 173 apareció primero en Bitfinance.

The founder of Cardano, Charles Hoskinson, prophesied that different nations of the world will end up assuming the El Salvador model and “in the coming years, many more countries will use cryptocurrencies as part of their monetary policy, either as Central Bank reserves or using cryptocurrency blockchains for central bank operations, or potentially just taking a cryptocurrency and turning it into the national currency.”

The admission of Bitcoin in the Latin American nation strengthens the belief that people “should have control of their money”. This statement was made by Hoskinson in the YouTube video where he congratulates Bitcoin for being accepted as legal tender.

The founder of Cardano expressed his joy for the move and the victory that this implies for the “cryptocurrency industry”. He is sure that crypto assets like Bitcoin are the money of the future, because the generation of young people will induce, in a massive way, so this phenomenon inevitably becomes a reality.

In his opinion: “Most people under the age of 25 have a positive opinion about cryptocurrencies, and many of them do. That is the future. Their children will grow up with those values ​​and those beliefs about the nature of money.”

Other analysts also share Hoskinson’s point of view and consider that “more countries around the world will join the cryptocurrency industry by accepting them as part of various government structures.” Legal recognition by El Salvador is influencing other nations to enter the crypto market.

M. Rodríguez

Source: cointelegraph

La entrada More countries will embrace cryptocurrencies as part of their monetary policy apareció primero en Bitfinance.