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Crypto Exchange Firm Coinbase Purchases BRD for an Undisclosed Fee

Posted on by Bob Coiney

In a recent report, Breadwinner AG, also known as BRD, a cryptocurrency wallet firm, has been bought by Coinbase Inc. for an undisclosed sum.

The company’s cryptocurrency wallet, formerly known as Breadwallet and Bread, was founded in 2015 and is a mobile-first wallet with over 10 million customers and $20 billion in assets under management. 

The company also offers crypto purchases, commercial registration, credit rating information, management tools, news, and merchant services in addition to the wallet.

The BRD app is accessible in over 170 countries for iOS and Android and contains features like iCloud key backup, configurable widgets, direct blockchain access, and 14 language compatibility. The app’s code is open source, and users receive BRD incentives based on usage, which are a type of transferable cryptocurrency.

Reaction to the Purchase

Reacting to the news of the purchase, BRD’s co-founders Adam Traidman and Aaron Voisine released a letter to their customers informing them of the recent development. They also assured their client base of the safety and security of their funds. 

They wrote, “Today, we would like to share the news that members of our team will be continuing our mission at Coinbase, where we will work together to bring the power of decentralization to even more users around the globe. At this time, nothing will change in the BRD wallet app, and as always, your funds are safe and secure.”

They continued, “You may continue to transact normally. In the future, BRD wallet users will have an optional migration path to self custody with Coinbase Wallet, which will include a special gift. Stay tuned for more details to come in 2022.”

Coinbase announced on Twitter that it is boosting its investment in self-custody and Web3 to increase global financial freedom. It wrote,” the BRD team will be joining @CoinbaseWallet to help accelerate web3 adoption. The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralized world of crypto.”

According to Crunchbase, BRD had raised $54.8 million in venture capital funding before its acquisition. Xpring, SBI Crypto, East Ventures, Das Capital, and OKWave were among the investors.

The purchase was disclosed just one day after the Senate Banking Committee wrote letters to Coinbase and other companies inquiring about regulatory frameworks and stablecoins.

Coinbase is Aiding Crypto Adoption

In the United States, Coinbase is the most popular consumer-facing crypto-asset exchange. The company, which has been in business since 2012, offers customers to purchase, sell, and store crypto-assets such as bitcoin and ethereum.

Though Coinbase is renowned for its crypto-asset exchange, the company has broader ambitions than simply facilitating the purchase and sale of cryptocurrency. The company’s declared purpose matches the main ambition of crypto asset enthusiasts: to create a new, “open financial system.”

The main aim of Coinbase, according to CEO Brian Armstrong, is to enhance economic freedom around the world.

Indian video App Raises Funding for Crypto

Posted on by Bob Coiney

India is one of the countries where technology has had a strong footing over the last few years. The Asian giant accounts for some of the tech startups that are introducing new concepts and showing their intent to be one of the leading planes for technology in the globe.

Recently, an Indian short video sharing platform, Chingari, announced that it had raised a total of $19 million for its platform via a token sale. The funds will be used as an investment tool to build the Chingari community as it plans to launch its social token, $GARI, on the Solana blockchain.

Several firms took part in the token sale, and they include Republic Crypto, Galaxy Digital, Alameda Research, Solana Capital, Kraken, Blackpine, NGC, Coinfund, LD Capital, Borderless Capital, AU21, Cultur3 Capital, Long Term Ventures, Afton Capital, CSP DAO and around 15 others participated in the sale.

The video-sharing platform intends to start building infrastructures with the newly raised funds to develop $GARI, which would allow users and creators on their platform to get an e-commerce storefront for their physical good, accept payment from their followers as well as non-fungible tokens (NFTs).

More About the Funds

In an interview, Chingari CEO Sumit Ghosh explained that users would receive $GARI tokens for watching or uploading videos on the site. These tokens can then be used to unlock exclusive material from a creator or to purchase a voice or video call with them. Individuals can also buy and sell videos on the platform using $GARI, which will all be converted into NFTs on the Solana blockchain.

Ghosh was reported to have said, “The future of a platform lies in its creators,” On one side, we have an immense talent pool that needs to be explored and rewarded with an ethical amount of monetization. On the other side, while crypto experiences a rapid expansion in India, $GARI is poised to make it mainstream. We are infusing the two through robust strategies and incorporation of the most-promising industry advances.”

Chingari to Spread its Tent

Chingari, which is widely considered as TikTok’s Indian rival and has a user base of 80 million people. When the Indian Ministry of Electronics and Information Technology banned the global app, TikTok, which has more than a billion users, in June of this year, Chingari successfully helped to fill the short-form video hole in the Asian country.

According to the Indian based-firm, which was founded in 2018, about 30 million monthly active users are recorded while there are about 78 million downloads. Adding cryptocurrency to its platform will undoubtedly popularise the Indian app and bring in more revenue as well as active users. Indians have become crypto enthusiasts and account for a huge part of the active users in most crypto communities. For most Indians, cryptocurrency is a full-time employment opportunity as they use it to navigate the economic distress caused by the pandemic.

Indian Beauty Queen Launches First-Ever NFT on OpenSea

Posted on by Bob Coiney

It is no news that there has been a massive shift from the traditional approach that ruled the financial market and system globally. The world is digital today, and championing this digital revolution is a cryptocurrency that has risen to change the world’s economic system globally. As a result, the cryptocurrency industry has blossomed into a commercial hub years after it first began as an unknown concept.

NFTs have been Making Waves

Since the beginning of the year, there has been a viral spread of knowledge about the crypto world, and various countries have moved swiftly to join the blockchain world and develop their economies. With the pandemic’s devastation, practically everyone is looking for a way out of the economic quagmire created by minimal human interaction and a shrinking workforce, as seen in some countries. Everyone, on the other hand, has seen the crypto realm as a quick way out.

There has been a new revolution in the crypto sector, which is hastening the acceptance of cryptocurrency all over the world. Non-fungible tokens (NFTs) have risen to prominence in the cryptocurrency ecosystem, accounting for the majority of revenue earned. NFTs have given crypto a whole new dimension, transforming it into a money-making sector. It has become the new draw, attracting new participants to the crypto revolution.

Both the wealthy and those from low-income households have benefited from the NFT movement. These days, artists and other celebrities have embraced cryptocurrency because of the huge potentials found in NFTs. Over the last few months, stars like soccer player Kylian Mbappe and music legend Snoop Dogg have joined the NFT train making its popularity soar.

Suman Chellani Joins the Train

Winner of Miss India Intercontinental 2018, Suman Chellani became the latest celebrity to show interest in NFTs and recently launched her NFTs on the popular NFT marketplace, OpenSea. 

The famous model and actress are one of the many stars from India to launch NFTs in recent weeks as the country continues to be one of the most fertile grounds for cryptocurrency. 

Chellani is widely known in her country as a popular show host and anchor and has thousands of credits to her name, as well as other successful ventures. Her foray into the world of NFTs shows her ambition and determination to spread the adoption of cryptocurrency in her country.

NFT Surge is Anticipated

While NFTs are not a foreign concept for Indians as several Bollywood stars and legends such as Amitabh Bachan and Sunny Leone have made a move to introduce NFTs to their fans, the adoption was still relatively slow and not as anticipated. 

With beauty queen Chellani joining the trend, it is widely anticipated that more Indians will move towards NFTs in the coming days. Indians are known for their talent, and NFTs will undoubtedly prove to be a game-changer if widely accepted by the country.

Scallop Completes $100k Presale for MahaDAO holders

Posted on by Bob Coiney
  • Scallop is the World’s First DeFi banking platform
  • Raised $100k in exclusive presale for MahaDAO community members
  • Entire allocation filled by the community – bot free
  • Community centric approach

 Scallop, the DeFi banking platform, recently announced an exclusive first-of-its-kind presale for the MahaDAO community members. . In a first for crypto, Scallop offered the MahaDAO community the chance to purchase its utility token, SCLP, in a private sale – with the same terms and vesting schedules as its venture capital and angel investors. 

The presale commenced on the 7th, September 2021. Scallop built a clean, user-friendly interface to conduct the sale, within only 3 days. The interface automatically tracked users’ MAHA token balances (a requirement for the sale to ensure priority for the MahaDAO community), entailed a KYC form, and facilitated funds in USDT/USDC from the community. The presale was available on either the Ethereum or Polygon Networks.

Extraordinarily, the target of $100K allocation was reached in just 30 minutes, following remarkable interest. The allocation was filled entirely by the MahaDAO community as Scallop conducted the whole presale on their interface without any involvement from bots. More than 80 MahaDAO community members participated in the presale at the same price and terms as private sale investors. 

Scallop is the World’s First DeFi banking platform, incubated by MahaDAO. It is a one-stop solution for banking and crypto services. It bridges the fiat and digital asset worlds by providing a seamless interface that houses both under a single roof. This allows users to use both fiat and crypto on a single platform and reduces the need for multiple applications e.g. traditional banks, exchanges, wallet providers. Scallop will offer regulated and insured banking accounts for fiat; as well as digital wallets and banking-grade hardware wallets for digital assets.

Scallop will launch its banking products in Q4 this year and the token is expected to launch prior to that time. Announcements will be made in the Scallop Telegram Channel, as well as on the Scallop Twitter page.

Improving Passive Income with Dolphin

Posted on by Bob Coiney

One of the reasons behind cryptocurrency’s popularity is the passive income it helps to generate. Investors do not have to worry about making daily trades or continuously monitoring the prices to ensure a good income. Its decentralized nature makes it a superior choice over the traditional method of investing, which involves corrupt activities, intermediaries, and so on. 

One of the platforms that solely focus on improving passive income generated using crypto assets is Dolphin. Dolphin is a governance token of CoinDolph, a crypto market that provides detailed information about several crypto assets. The governance token takes a multi-purpose approach in ensuring optimized passive income. 

What is Dolphin?

Dolphin ($DLP) is a highly advanced governance token that offers several benefits to the token holders. It is developed to ensure that the holders receive the maximum advantage without worrying about the much-feared crypto volatility. Token holders will be privy to features such as:

  • Passive Income: Games, Real Product
  • Passive Income: %8 of the tax will go to holders, helping them earn BNB while holding $DLP. 
  • Strong Liquidity: To make the liquidity pool less volatile, %2 of the tax is added to the pool. 
  • BuyBack: %3 of the tax collected in an address as BNB to promote daily buybacks and avoid dumps. 
  • Marketing: Dolphin offers robust marketing services and uses a 2% tax from transactions to store in the marketing budget. 
  • CoinDolph: CoinDolph offers easy-to-use mobile apps to avoid the need for several apps. 

CoinDolph

CoinDolph is a futuristic multi-tool solution for all crypto-related needs such as news, analytics, decentralized trading, mining and limit orders. The company aims to become the top contender in the crypto space by offering the best solutions and services. 

CoinDolph, apart from Dolphin, offers a variety of tools such as:

  • DolphObserver: Cryptocurrency current prices, market overview, and analysis
  • DolphSwap: Decentralized exchange
  • Limit Orders: Stop-loss functions
  • New Coins Research & News
  • CoinDolph Mobile
  • $DLP Mining Station
  • Mobile Portfolio
  • Mobile Games

CoinDolph has a wide range of features that makes it a strong contender in the industry. However, its passive income optimization using the Dolphin is one of the best use cases of the ecosystem and can help token holders generate great results. 

The token is live on BSC and can be purchased using TrustWallet and Metamask.