October 13, 2020 – Tel Aviv, Israel
Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button.
While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites.
However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership.
As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also offers reports of the press release distribution.
Chainwire offers a flexible choice of packages to suit all types of stories and budgets, guaranteed coverage by a minimum of 10 publications for the most basic package. The standard offers more coverage and support, while the soon-to-be-launched premium package will include translations to additional languages and syndication to 300+ business tech and finance websites.
Chainwire is also welcoming publications wishing to join the service. Site owners can leverage the opportunity to produce up to date, relevant news for their audiences while maximizing the opportunity for passive income.
Chainwire will be powered by MarketAcross, which brings its extensive network of media and PR connections developed over six years operating in the blockchain and cryptocurrency marketing space.
For registration and more information about Chainwire please visit: www.chainwire.org
MarketAcross is the world’s leading blockchain PR and marketing firm. The company has helped over 150 clients, including industry leaders such as Binance, TRON, Huobi and Polkadot, to build their brand among cryptocurrency and blockchain audiences. MarketAcross works with journalists from top tier publications, influential bloggers, webmasters, and editors of small blogs to create compelling content that provides guaranteed results.
For more information about MarketAcross please visit: www.marketacross.com
Blockchain Startup UTU Technologies MAJOR Milestone! Tokenizing Trust & Making Moves! Crypto News
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****This is a Sponsored Video***** Altcoin Daily and UTU Technologies have entered into an agreement for a sponsored review of their project. In exchange for the review, Altcoin Daily has received a payment in USDT. All information was what was found publicly on the internet.
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BEST CRYPTO ALTCOINS TO BUY NOW TO GET RICH IN 2021! [Here’s What to Watch & to Avoid]
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After Pushing Ahead of XRP, Bloomberg Predicts This Crypto Asset Will Surpass Ethereum in 2021
Bloomberg Intelligence commodity strategist Mike McGlone says a relative crypto newcomer could surpass Ethereum as the second-largest crypto asset by market capitalization in 2021.
Tether (USDT) overtook XRP in 2020 to become the third-largest crypto by market cap, after Bitcoin and ETH. The dominant stablecoin has seen massive surges since the coronavirus-related market crash in March, and it currently has a cap of about $15.7 billion, according to CoinMarketCap.
In a new edition of the Bloomberg Crypto Outlook, McGlone says he thinks that the ballooning market cap will only continue to increase.
“The rapid rise in the market cap of stablecoins indicates that central bank digital currencies (CBDCs) are a matter of time, in our view. It should take something significant to stall the increasing adoption of Tether, the top stablecoin, which is on pace to match the capitalization of Ethereum in a bit less than a year, based on the regression trend since the start of 2019.”
It’s an ambitious prediction. Ethereum’s market cap is currently hovering around $44 billion, almost three times the size of Tether’s.
McGlone notes that USDT “represents what many of the so-called cryptocurrencies aren’t: a stable form of payment.” He also says assets are migrating from the still-deflating crypto bubble of 2017 towards Tether.
Additionally, the commodity strategist predicts Bitcoin is on track to breach key resistance at $14,000, and he says certain metrics indicate BTC could hit $100,000 by 2025.
Other analysts have pointed to a link between Tether’s growing market cap and BTC price increases.
A highly-cited pseudonymous analyst, known in the industry as Filbfilb, says that USDT’s $10.9 billion rise this year suggests traders are storing their capital in the dollar-pegged stablecoin as they prepare to buy BTC.
IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules
International financial authorities and seven of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies.
The Group of Twenty (G20) — an international forum for the governments and central bank governors from 19 countries and the European Union — said in a report last week that it is working with the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) to formalize the use of central bank digital currencies (CBDC) in banking systems.
According to a new report released today, by the end of 2022, the G20 members, the IMF, the World Bank and the BIS will have completed regulatory stablecoin frameworks and research and selection of CBDC designs, technologies and experiments.
Stablecoins are digital currencies that are often linked to physical currencies like the U.S. dollar. The IMF and the World Bank will have the technical capabilities to facilitate CBDC transactions between the countries by the end of 2025, the report said.
The countries will “examine the scope for new multilateral platforms, global stablecoin arrangements and central bank digital currencies to address the challenges that cross-border payments face without compromising on minimum supervisory and regulatory standards to control risks to monetary and financial stability,” the G7 Financial Stability Board (FSB), a body formed after the 2008 financial crisis, said.
The G20 roadmap about stablecoins follows a joint report released by seven central banks last week through the BIS in sketching out a transnational front around nationalized digital currencies.
Last week’s report, authored by the United States Federal Reserve, the Bank of Canada, the European Central Bank (ECB), the Bank of England (BOE), the Swiss National Bank, Sweden’s Sveriges Riksbank and the Bank of Japan (BOJ), outlined properties the central banks would require from CBDCs in their countries.
The North American, European and Japanese banks said CBDCs would need to be interchangeable with existing money forms and resemble cash in its ease of use in a swathe of payment types at little or no cost.
CBDC systems should also connect to legacy financial technologies, settle high volumes of transactions instantaneously around the clock, be impervious to cyberattacks and outages, and comply with regulations and monitoring that apply to money already in circulation and that retain central bank power, the report said.
CBDCs could improve cross-border payments, counter Facebook Libra-like corporate digital currencies and transfer emergency fund payments to consumers during the coronavirus pandemic, the report said. But CBDCs would not be anonymous and self-running, the report said, diverging from the virtual currencies whose distributed ledger technology they would borrow.
Bitcoin transactions run on a blockchain network that masks and silos personal data from central actors, while central banks would maintain access and visibility into CBDC payments and identities.