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Waves Offers 1 Mln of Native Coins for Building Games on Its Platform

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Waves hopes to retain game makers with big crypto prizes
Waves Offers 1 Mln of Native Coins for Building Games on Its Platform
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Earlier this week, Waves startup has set up a fund containing one mln WAVES (that is almost $2 mln) to stimulate game developing companies to create apps on this Blockchain.

Waves wants tokenized games

The startup’s team particularly looks for developers who will create games that enable users to get some tokenized incentives. The Waves CEO Sasha Ivanov reckons that the technology of the open ledger (DLT) is perfect for game making and that DLT will become popular in this field. In particular, he intends to integrate his own platform in it.

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The press release issued by the company states that Waves is particularly suitable for the gaming industry since the coins on this ledger are assets and no smart contracts are involved. Besides, software makers will be able to create their own markets based on the Waves’ dex (decentralized exchange).

Crypto Games Conference, Belarus

At the end of last week, Waves presented the aforementioned initiative at the Crypto Games Conference in Minsk, Belarus. Back then, the Waves team conducted a competition, daring developers to make a simple game on the platform for a start. Three winners got prizes of 250, 500 and 750 WAVES respectively.

Experts believe that merging crypto coins and computer games could accelerate mass adoption of crypto if players can get coins for simply playing these games.

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Recent Waves activities

Earlier, U.Today reported that Waves had signed a contract with Russia’s large manufacturer Rostec to help the conglomerate manage its operational data.

WAVES is currently trading at $1.92 after a small decline.

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Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP

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Coinbase claims that this addition is an important step towards creating the leading cryptocurrency wallet on the market
Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP
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Coinbase Wallet now allows its users to directly store Litecoin (LTC) in the app. Thus, the fifth biggest asset by market capitalization joins Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ethereum Classic (ETH) on the list of supported cryptocurrencies.
Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP

The rollout is coming in a few weeks

The blog post states that Coinbase Wallet users will be able to download an update with Litecoin support in a few weeks on the App Store or Google Play Store respectively. Litecoin support will be available from the get-go once the app is updated. You will simply have to choose the ‘Receive’ option on the main wallet page in order to deposit LTC to your wallet.

Coinbase keeps snubbing XRP

The announcement was flooded with tweets from users asking Coinbase to add XRP. Everyone’s favorite remittance and settlement token is nowhere to be found on the roster of supported digital coins.

However, XRP was added to Coinbase Custody in November 2018, so one shouldn’t exclude the possibility that the crypto behemoth will eventually fully embrace this asset.  

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BitMart Exchange Teams Up with Paxful to Give Its Customers More Benefits

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Crypto trading firm BitMart spreads word about its new partnership with P2P exchange Paxful, both firms intend to gain more scalability and liquidity
BitMart Exchange Teams Up with Paxful to Give Its Customers More Benefits
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BitMart has publicized its integration of Paxful’s Bitcoin trading service. This will enable clients of BitMart to get more payment features. Also, customers of Paxful will be able to use BitMart and trade its almost 200 crypto pairs.

Benefits of this collaboration

The reps of the firms state that this cooperation will allow improving customer experience by giving users more trading opportunities.

BitMart founder and CEO Sheldon Xia has mentioned that partnering with Paxful will enable the exchange to attract new customers who previously had no access to crypto trading.

BitMart started off two years ago. This crypto exchange is located in the Cayman Islands, but it operates branches in the US, South Korea, etc. The platform officially has nearly 700,000 clients, and its trading volume exceeds $70 mln per day.

The CEO also added that working on one team with Paxful will let users have a better choice of payment options – gift cards, bank transfers, etc.

About Paxful

Paxful is a decentralized marketplace where one trader can buy BTC directly from another. Users there add their adverts about selling BTC and mention the way they wish to be paid.

As soon as the buyer conducts a payment, he or she receives their Bitcoin from escrow directly into their Paxful storage space. Those who purchase pay no fees to the platform. It takes 1 percent of each deal from sellers.

The company reports it has one million active users from around the world on a daily basis.

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University of Michigan Eyes Continuing to Invest in Andreessen Horowitz’s Digital Asset Fund

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The University of Michigan, with its spare finances of around $12 bln, may keep its collaboration with the A16z crypto investment firm
University of Michigan Eyes Continuing to Invest in Andreessen Horowitz’s Digital Asset Fund
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The university began investing into the A16z fund set up by the Andreessen Horowitz company last summer when it transferred $300 mln into its management. At the moment, the university is considering a change to invest some more. The amount of funds assigned for this purpose has not been disclosed.

Crypto fund for institutional investors

In summer last year, the top financial company Andreessen Horowitz set up a branch to invest in technologies based on crypto assets. Other media outlets reported that Yale University also took part.

Chris Dixon from Andreessen Horowitz mentioned back then that the company intends to invest into the crypto industry on a regular basis, even if the market situation worsens. He even insisted that no crypto winter will stop them from doing it.

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Pension funds and universities are going for virtual coins

In autumn last year, the University of Michigan’s spare capital reached the amount of $12 mln. The employee in charge of investments, Erik Lundberg, back then said that this money can be used to increase the present endowment in real terms.

Pension funds and endowment funds are now actively investing in the DLT and crypto spheres. A week ago, reports emerged in the media that several pension funds provided investments for the crypto fund set up by the Morgan Creek Capital venture company – adding up to a total of $40 mln.

The fund opened by Morgan Creek accepts money for investing from hospitals, insurance firms and universities.

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Head of Coinbase Believes Late CEO of QuadrigaCX Did Not Plan Fraud

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Coinbase CEO Brian Armstrong has left comments on Twitter saying he reckons QuadrigaCX did not plan an exit scam
Head of Coinbase Believes Late CEO of QuadrigaCX Did Not Plan Fraud

On Thursday, Brian Armstrong, the head of the US-based crypto exchange Coinbase, contributed to the numerous discussions that have been centered on the subject of the recent QuadrigaCX collapse.

In several tweets, Armstrong expressed an assumption that the exchange had planned no fraud, despite the current turmoil around the $190 mln that it owes customers and has not been paid out yet.

Head of Coinbase Believes Late CEO of QuadrigaCX Did Not Plan Fraud

Customers of the no longer operational QuadrigaCX are now having heated battles, using their lawyers in an attempt to recover the funds the exchange owes them.

Why their funds have disappeared is still a big question. The head of the company, Gerald Cotton, passed away at the end of 2018. The CEO was the only person to have access to the laptop which managed the cold wallets. He never mentioned the location of the private keys in the will made two weeks before his death.

Besides, the investigation undertaken by the community found out that allegedly none of those cold wallets actually existed. This also being discussed in court at the moment – the information shared by Quadriga reps does not match the investigation results.

Coinbase looks into the matter too

Armstrong and his team conducted their own research on the subject. As a result, an assumption emerged that several months of Quadriga’s work raised questions about mismanagement.

Head of Coinbase Believes Late CEO of QuadrigaCX Did Not Plan Fraud

Presently, auditor Ernst & Young is in charge of the wallets and accounts of the defunct crypto platform. The other day, QuadrigaCX sent the crypto that was remaining on its wallets to the accounts of the company.

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Should Warren Buffett Invest in Bitcoin (BTC)? Anthony Pompliano Definitely Thinks So

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There is a ‘snowball in hell’ possibility that Warren Buffett, an ardent Bitcoin hater, will actually invest in Bitcoin
Should Warren Buffett Invest in Bitcoin (BTC)? Anthony Pompliano Definitely Thinks So

It’s been more than three years since Warren Buffett’s last big acquisition (which he likes to call ‘elephants’). As the 89-year-old billionaire is mulling over his next big buy, crypto evangelist Anthony Pompliano suggests that he could purchase Bitcoin (BTC).

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Warren Buffett's Berkshire Hathaway has a whopping $116 bln to spend, but he simply cannot find the company that would fit the set of his criteria. While Buffett is on the hunt for his next big target, Pompliano claims that Bitcoin would be his best bet. The number one cryptocurrency, according to Pompliano, will be able to generate more profit than all of Buffett’s investments for the next decade.

Wishful thinking

Pompliano’s comment was most definitely sarcastic given that the Oracle of Omaha is a well-known Bitcoin hater. Back in May, after the crypto bubble popped, Buffett called Bitcoin ‘rat poison squared.’ He also claimed that BTC is an asset that ‘doesn’t produce anything.’ Buffett’s vitriolic comments didn’t go unnoticed — as reported by U.Today, Genesis Mining trolled the billionaire with pro-Bitcoin billboards outside of his office.

Wishful thinking

Pantera Capital’s Dan Morehead also wasn’t a fan of the ‘rat poison’ remark, calling banks and credit card companies the rats.

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