Digital securities firm Securitize has acquired Onramp Invest, a cryptocurrency fund managing over $40 billion. This aims to simplify processes for investment advisors to access alternative assets. In light of rising cyber threats to the crypto industry, including a focus on decentralized finance (DeFi) ecosystems, vigilance becomes increasingly necessary.
Search Results for: Onramp
Securitize Acquires Onramp: A Deep Dive into Crypto Market Evolution Amid M&A Downtrend
Securitize, a company specializing in tokenizing private investments, is set to acquire cryptocurrency platform Onramp Invest amidst a challenging financial climate in the crypto market. This merger empowers Registered Investment Advisors to explore various alternative asset classes in Securitize’s broad portfolio, aiming to democratize private capital markets and widen access to high-yielding assets.
Securitize’s Acquisition of Onramp Invest: Mark of Progress or Potential Pitfall in Digitized Finance
Securitize, a firm specializing in tokenizing assets, has acquired digital asset wealth platform, Onramp Invest. This move aligns with Securitize’s objective to let registered investment advisors offer digitized asset classes. The acquisition can signal market consolidation in digital assets sector amid shrinking technology valuations and limited venture capital investments.
Fiat-to-Crypto Onramps: Balancing Convenience and Security in the Crypto Sphere
Stripe recently introduced a fiat-to-crypto onramp for Web3 companies, aiming to tackle the “cold start problem” and optimize conversion and authorization rates. Despite its convenience, users must remain vigilant to prevent false sense of security and prioritize due diligence when handling digital assets.
The Impending Revolution of Asset Tokenization: Promises and Challenges
“Tokenization of assets, estimated to reach a value of $16 trillion by 2030, offers immense potential in democratizing finance. It allows for fractionalized investments, expanding opportunities to the general population. However, integration of blockchain without disrupting existing services poses a significant challenge.”
1inch Joins Coinbase’s Ethereum Layer 2: The Progress, Promise and Pitfalls of Base Network
Decentralized exchange aggregator 1inch has partnered with Coinbase’s Ethereum Layer 2 network Base, aiming to leverage liquidity from 15 functioning decentralized exchanges. The agreement introduces 1inch’s limit order protocol, contrasting from standard instant price conversions, and integrating Base within robust Layer 2 networks like Optimism, Arbitrum, and zkSync Era. Despite impressive growth and transaction rates, Base faces challenges with a high proportion of meme coin activity, suggesting potential volatility.
Untangling Asset Tokenization: Promising Innovation or a Risky Venture?
“Asset tokenization firm Securitize has acquired a digital asset wealth platform, Onramp Invest, intending to enable registered investment advisors to buy digital tokens. However, growing concerns around risk underscore the need for caution in the decentralised finance (DeFi) world.”
Crippling $1 Billion Crypto Liquidation: Markets in Turmoil, Caution Urged
“A sudden slump in Bitcoin and Ether prices caused a frenzy in the cryptocurrency market, leading to large-scale liquidations and a loss of estimated $1B. As per Coinglass, 176,752 traders got liquidated within 24 hours. Market volatility, macroeconomic conditions, and range-trading tendencies have contributed to this downturn. Despite potential rewards, the inherent risks underscore the need for thorough research before investing.”
Bypassing the Barrier: How Chinese Traders Navigate Through Crypto Restrictions
China, despite heavy restrictions, is Binance’s largest market with around 900,000 active users. Traders are using inventive ways, including VPNs and digital residencies, to bypass geographic constraints. Binance fosters an active crypto market in China, even facilitating fiat onramps via Alipay and WeChat pay.
Ripple Expands Globally Despite SEC Battle: How Regulatory Clarity Shapes Blockchain Future
Ripple continues to grow its operations in European and Asian markets despite an ongoing legal battle with the US SEC, benefiting from clearer regulations like the EU’s MiCA legislation. This contrast highlights the disparity between the US and other world powers in supporting blockchain and cryptocurrency markets, with MiCA facilitating mainstream adoption and realizing the full utility of cryptocurrencies.
Guy Fieri & Sammy Hagar’s NFT Adventure: Santo Spirits Club Pros & Cons
Guy Fieri and Sammy Hagar co-founded Santo Spirits, launching an innovative Web3 loyalty program called Santos Spirits Club. The program, powered by NEAR Protocol, offers rewards and special offers, including a mysterious NFT for the first 1,000 founding members. However, integrating tequila and blockchain technology raises questions about its effectiveness and potential value.
Celebrity-Backed Santo Spirits NFT Loyalty Program: Innovative Marketing or Unnecessary Detraction?
Guy Fieri and Sammy Hagar launch an NFT-based loyalty program for their Santo Spirits brand, utilizing blockchain technology for fan engagement and community building. The innovative strategy combines celebrity, spirits, and technology, reflecting the growing potential of NFTs in various industries.
Cryptocurrency
Today’s crypto market overview highlights various cryptocurrencies experiencing fluctuating gains and losses, emphasizing the importance of staying informed on developments, technology, security, and adoption behind tokens. In navigating the inherently risky market, due diligence and careful planning are essential for enthusiasts and investors.
Exploring the First BRC-20 Stablecoin: StablyUSD’s Controversial Launch and Implications
The first BRC-20 stablecoin, Stably USD, has been introduced to the Bitcoin ecosystem, sparking debate among prominent figures. Stably, a U.S.-based company, promotes this dollar-backed stablecoin. However, red flags exist, including an unfeasible total supply and discrepancies in registration data. The future of this BRC-20 stablecoin remains uncertain.
The Orb: Unveiling Worldcoin’s Controversial Iris Scanning Crypto Project
OpenAI CEO Sam Altman’s Worldcoin project aims to create a global ID, currency, and a crypto payment app, raising concerns and skepticism over its biometric data requirement. With The Orb as its central tool, Worldcoin recently raised $115 million in Series C round, garnering investor enthusiasm despite the concerns.
Apple Pay Boosts Web3 Gaming Accessibility: STEPN and the Future of M2E Apps in App Store
Web3 Move-to-Earn game STEPN integrates Apple Pay for in-app purchases, enhancing accessibility and user experience. This follows Axie Infinity’s App Store availability, hinting at Apple’s shifting stance on blockchain-based games. STEPN’s GMT token price increased following the announcement.
Apple Pay Integration in STEPN Game: Boosting Web3 Adoption or Just a Temporary Fix?
The move-to-earn game STEPN integrates Apple Pay as a fiat onramp for in-app purchases, expanding accessibility and eliminating the need for a crypto wallet to purchase in-game NFT assets. This strategic step aims to onboard the next 100 million users to Web3 and remove barriers to entry.
Binance Australia Loses PayID Access: What It Means for Users and the Future of Crypto Exchanges
Binance’s Australian branch has lost its PayID deposit service due to a decision by its third-party payment provider, reportedly Cuscal. This affects bank transfer withdrawals and comes after the Australian Securities and Investments Commission canceled Binance’s derivatives license. The exchange is facing investigations by multiple U.S. government agencies.