Blockchain
Bit.Store Platform Launches Social-Fi Collaborative Investment
Web3.0 social-fi pioneer Bit.Store has achieved a new milestone on its mission to democratize investment with the launch of a DAO-driven investment portfolio. DAO members can opt into a trading algorithm that aggregates investment and trading sentiment of all participating members. Using Bit.Store’s native token, STORE, members can both invest in and cast votes on investment opportunities that are both proposed and decided algorithmically in aggregate through smart contracts.
From its inception, Bit.Store focused on building a community when it entered a market entirely dominated by platforms that kept their users isolated from one another. The obvious question at the time was, “what if all these users had the opportunity to collaborate?” If millions of users could signal their sentiments and decisions, a public aggregate of that would be an extremely powerful tool for small investors.
Bit.Store began by designing social functions to allow investors to support one another and share knowledge, while safely and easily participating in the crypto investment market.
This is how Bit.Store became the first investment DAO social-fi model, connecting investors from all over the world so that users can share trading information and trading strategies, learning from each other to make trading more efficient and tapping into the wisdom of the crowd. Individual decision-making is enhanced by insight into the sentiments and decision making of the entire community.
In this latest development, each member of the DAO can create their own portfolio as well as join an aggregate portfolio DAO for collaborative investing. DAO members make investment proposals through the DAO, and investment decisions are based on DAO voting results through the STORE utility token. Members of the DAO may have the right to exit positions or terminate their participation in the aggregate portfolio at any point in time.
Trading information shared by each member of the DAO is public and stored in the blockchain. Anyone can access the information to ensure the platform is open and transparent.
STORE utility functions include voting, sharing, documentation, discussion, governance, and more. It was first created to quantify user stake in the community through cryptocurrency and start a flow of value back to users for their participation, plus incentivise contributions that are higher in quality overall. A real economy has always existed in pre-Web3.0 community models, but it was always hidden from the users. The point systems of many community platforms have hinted at the potential, in fact, and Bit.Store communities realize the value in crypto.
Bit.Store distributes STORE Coins to users from an “incentive pool,” and these crypto assets can be traded and freely given and received. In the community, votes, kudos, likes, shares, etc., have value in STORE Coins, thereby incentivising users to earn them through the quality of their contributions.
Since its launch this February, STORE has hovered around the 0.05 USD range, but began to rise in May, now up to around the 0.13 USD mark even as the overall crypto market led by BTC has declined over the same period.
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
-
Blockchain Press Releases3 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain3 days agoVenezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
-
Blockchain3 days ago
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
-
Blockchain5 days ago
PairedWorld Earns Blockchain Award Nomination, Secures $1.5 Million in Private Token Sales, and Welcomes BlackRock Venture Partner to Advisory Board
-
Blockchain2 days agoGlobal Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
-
Blockchain4 days ago
PairedWorld Earns Nomination for Best Blockchain Project for Social Impact, Secures $1.5 Million in Private Token Sales, and Welcomes Paul Taylor Who Is a Venture Partner at BlackRock to its Advisory Board
-
Blockchain1 day ago
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
-
Blockchain4 days ago
DeFi Technologies to Present at the Blockchain & Digital Asset Virtual Investor Conference April 25th
