Coinend: 1,2,3 Take off – New Gamified Crypto Prediction Platform

Ursprünglich erschienen auf: https://thebitcoinnews.com/coinend-123-take-off-new-gamified-crypto-prediction-platform/

Coinend has announced the launch of its cryptocurrency gamified platform. GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama. It allows users to predict the closing price based on hourly, daily and weekly prices of various cryptocurrencies, with a reward for all participants.

In a statement by the CEO, Godspower Egbetamah, “the company is now set to explore the gamified niche of the cryptocurrency industry and focus on sharing reward for all participants. The pool prize per event is shared by both the winners and the runners-up in each event pool based on a 30% (winners) to 70%(runners-up) sharing system powered by blockchain for transparency”.

In the new announcement, the company is set to provide a platform for users to predict and place bets on future values of cryptocurrency. With this, crypto enthusiasts can come together and predict the value of BTC/USD AND ETH/USD for the closing price of a cryptocurrency with an equal amount of bitcoin token per participant in an event pool. The predicted value in USD of a given cryptocurrency for each event goes into a live event pool, where every participant in the pool gets to see how close their predicted price value is to the current price value until the end of the event pool.

Apart from this, the company is also set to explore the Decentralized Finance (DeFi) aspect of cryptocurrency by providing a platform where users can have access to a loan in a peer-to-peer manner. Decentralized Finance is one of the most quickly growing innovations in financial services which aim for a broader approach of generally decentralizing the traditional financial industry. The core of the initiative is to open traditional financial services to everyone, by providing a permission-less and peer to peer financial service ecosystem based on blockchain infrastructure.

As such, Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. The core traditional financial service use cases that are currently being revolutionized by DeFi include trading, lending, investment, wealth management, payment and insurance. This is being made possible by blockchain technology, and it is the core of the existence of the company as mentioned by its COO, Victory Onojohwo.

In the case of Coinend, the company will be focusing on the lending aspect of DeFi so that platform users can lend themselves up to 1 BTC and earn a profit (interest) without even participating in a pool event. Worthy to note is that 91.024294BTC has been distributed between platform users since inception.

With this launch, Coinend is committed to create a transparent community that shares reward among members and drive cryptocurrency inclusion for many. During the announcement, Coinend management board also announced a new website design that highlights how the gamified platform and its reward system is set to work and a new mobile application with a flawless user interface. This will allow participants to easilyplace bets and see the prize pool on the platform for the currency for which the events are running.

As it is known that a good whitepaper is considered to be the single most important form of business collateral because it drives client acquisition via leads generation, mindshare building, opening doors to new sales opportunities and having 76% of investors used them as part of their decision making efforts. The team also announced a new whitepaper that is professionally rewritten to augment its marketing efforts. This isavailable for download on the website.

The company understands that having strong management and a proven technical strategy in place is fundamental to its success. As such, its portfolio construct is primarily driven by its focus on the cryptocurrency/blockchain industry as a whole, and this is why only the best brains in the industry have come together to achieve this landmark feat.

The team consists of impressive experts in the cryptocurrency/blockchain niche, professionals in the digital marketing solution niche, and thought leaders in tech that maintain the performance of the company’s reward sharing system so that it can run in a highly scalable environment without issues.

In the coming days, Coinend will start rolling out more information about its activities and reward system to consolidate its position in the cryptocurrency gaming niche and strengthen its portfolio.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin Crosses $12K as Pelosi and Mnuchin Near Stimulus Deal

Ursprünglich erschienen auf: https://thebitcoinnews.com/bitcoin-crosses-12k-as-pelosi-and-mnuchin-near-stimulus-deal/

Bitcoin rose on renewed optimism for the second coronavirus stimulus package, while the US dollar plunged.

House Speaker Nanci Pelosi said a bill for the compromised aid is on the way after confirming a fruitful, 45-minute telephonic conversation with Treasury Secretary Steven Mnuchin. Simultaneously, Senator Mitch McConnell, the majority leader, warned his lot not to negotiate a pre-election deal, stating the US cannot stomach another huge federal package.

In April, Congress had approved a $2 trillion relief fund to help American households and businesses through the coronavirus-led lockdown. The flood of new money into the economy via the Federal Reserve’s unprecedented bond-buying program also repaired markets that, in March, had crashed.

Bitcoin was among the fallen ones. The benchmark cryptocurrency plunged by more than 60 percent in just two days of trading. Nevertheless, its recovery picked momentum after the passing of the $2 trillion stimulus package. At one point in the third quarter, the BTC/USD exchange rate was up by almost 230 percent from mid-March lows.

The stimulus has, therefore, played a critical role in determining the next Bitcoin bias. But with the existing package drying out, and a delay in passing the second one ahead of the US presidential election, the cryptocurrency has entered a medium-term bias conflict.

Bitcoin Accumulation

On Wednesday, BTC/USD rose 2.79 percent to $12,256. At its intraday high, the pair was trading at $12,322, its best level since August 2020.

Bitcoin continues its upside momentum as hopes for stimulus deal resurface. Source: TradingView.com

Anthony Pompliano, the co-founder of Morgan Creek Digital, said in an investor note earlier this week that he expects Bitcoin to grow by approximately 10-times its current spot rate.

“The Federal Reserve has cut interest rates to 0%,” he explained. “They plan to keep us in a zero-rate environment for the foreseeable future. Multiple stimulus packages in 2020 now total more than $3 trillion in QE. We have another $2 trillion on the way […] My base case for [Bitcoin] is approximately 10x to $100,000 and the bull case is around $250,000 per Bitcoin.”

At the same time, Mr. Pompliano warned that the cryptocurrency may undergo wild downside correction as it targets a $100K valuation in 2021. But he remained confident that investors would keep reallocating their portfolios to the nascent asset.

“I am urging you to take another look at Bitcoin as a potential 1-10% allocation in your portfolio over the next 15 months,” he told investors.

Warning Signals

The Bitcoin futures market did not show as much enthusiasm to the price rally as the Spot one. According to data fetched by Glassnode, funding rates across leading cryptocurrency exchanges, including Binance, Deribit, and BitMEX, turned negative over the weekend. It was the same period when Bitcoin closed above $11,000.

The trend remained the same on Wednesday as the cryptocurrency breached $12,000. That, at best, showed cautiousness at the end of futures traders. It may lead to downside corrections in the near future.

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