Top Royal Crypto Investments

10/20/2024

Crypto VC funding: Praxis takes home $525m,
Blockstream follows suit with $210m

Praxis and Blockstream grabbed headlines this week, each with six-figure fundraising rounds, per the latest data.

Crypto VC funding has seen a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise. However, this week, as Bitcoin btc0.6%Bitcoin reclaimed the $68,000 level, crypto.news analyzed and collected data from data from Oct. 13 to Oct. 19.

Praxis, $525 million
• Praxis is the first network state, which is building an online community of people with similar national consciousness.
• The firm leads the week’s crypto VC funding with $525 million raised.
Blockstream, $210 million
• Blockstream is building a crypto-financial infrastructure based on Bitcoin.
• The company has raised $210 million from lead investor Fulgur Ventures.
• Blockstream’s crypto VC funding stands at $621 million in total.
Azra Games, $42.7 million
• Azra Games is a gaming studio that focuses on creating immersive-role playing games.
• In a Series A led by Pantera, the company raised $42.7 million.

10/20/2024

What You Actually Get When You Buy An NFT
Andrey Sergeenkov - Contributor - Andrey Sergeenkov is a freelance crypto journalist

NFT purchases raise questions about what buyers actually acquire. This article examines the realities of NFT ownership, including rights, digital asset components and blockchain implications.
I'll address misconceptions, explore factors affecting NFT value, and discuss potential benefits and risks. Our goal is to provide a clear understanding of NFTs, helping readers make informed decisions in this digital asset market.

Why People Buy NFTs
NFT buyers chase digital uniqueness and verifiable ownership. Investors seek profit from reselling rare tokens, while collectors value the exclusivity of limited-edition digital art. Some purchase NFTs to support favorite creators directly, bypassing traditional intermediaries.

Digital identity expression drives many acquisitions, with buyers using NFTs as profile pictures or virtual fashion items in online spaces. Tech enthusiasts are drawn to blockchain's potential for revolutionizing digital ownership and creator royalties. The allure of participating in emerging technologies and potentially transformative trends also fuels purchases.

What You Get When You Buy an NFT
Purchasing an NFT involves acquiring a digital token on a blockchain, representing a claim to a specific digital item. This transaction includes several components, each with its own implications and limitations.

Ownership Of A Unique Digital Asset
NFT ownership grants a blockchain-recorded claim to a digital item. This record allows for selling, trading or transferring the token. However, "ownership" in the NFT context differs from traditional property rights.
Crypto Confidential: Forbes' definitive guide to crypto and blockchain, delivered to your inbox every Saturday.
NFT ownership doesn't automatically confer copyright or intellectual property rights to the underlying work. The buyer often receives limited usage rights, while the creator retains copyright. Some NFTs offer more extensive rights, but this varies case by case.
The digital asset linked to the NFT typically isn't stored on the blockchain due to size constraints. Instead, the token contains a link to the asset stored elsewhere, raising questions about long-term accessibility.

Proof Of Authenticity And Scarcity
NFTs provide a blockchain-based record of an asset's origin and transaction history. This can help verify authenticity, but it doesn't prevent the creation of identical or highly similar NFTs by the same or different creators.
Scarcity in NFTs is artificially created by limiting the number of tokens minted for a particular asset. While this can influence perceived value, it doesn't guarantee financial appreciation or liquidity.

10/20/2024

At Top Royal Company we sustain a unique approach that involves creating collectible works of art that are laminated alongside US postage stamps, making them both functional and aesthetically appealing.
With membership options available for resale, we strive to bring innovation and value to our clients and members. We guarantee a minimal rate of return during the life of our products.
https://top-royal-company4.webnode.page/?_gl=1*vsvufb*_gcl_au*MjAyNjcxNDU0MS4xNzI5Mzg4OTg4

10/13/2024

Here's Why I Think Bitcoin Is Grossly Undervalued at Current Prices
Key Points
• Among several potential catalysts, government debt and inflation could be the most important for Bitcoin's value.
• Its finite supply, decentralization, and security make it unlike any other asset.
• As the superior safe haven asset, demand for Bitcoin will likely grow for years to come.
• 10 stocks we like better than Bitcoin
Bitcoin has come a long way in 15 years, but it might just be getting started.
With Bitcoin's (BTC -0.79%) price currently hovering around $60,000 and just shy of its all-time high, it might be difficult to think the cryptocurrency has much more upside. However, I think it's just getting started. In fact, I believe Bitcoin is grossly undervalued at current prices.
Here's why your future self might be thankful you bought Bitcoin at today's prices.

Bitcoin's role in the future economic landscape
Several catalysts could fuel Bitcoin's growth over the coming decades. One is the massive wealth transfer that will occur as younger generations, more comfortable with digital assets, inherit a total of trillions of dollars from their predecessors. Unlike older generations, millennials and Gen Zers are more inclined to invest in decentralized digital assets like Bitcoin, which could drive significant demand.

In addition, the growing adoption of technology is reshaping how people think about money. Traditional financial systems are slow and centralized, while Bitcoin offers a decentralized, secure alternative that aligns with the digital future.

However, the most compelling driver of Bitcoin's future growth is likely tied to rising government debt and inflation. BlackRock, the largest asset manager in the world, also highlighted this in a recent report, emphasizing that countries are taking on unprecedented levels of debt. Even worse, governments are increasingly relying on inflation to manage these burdens, a phenomenon that could make Bitcoin the preferred asset to store value.

10/05/2024

10/02/2024

Best crypto in 2024: 8 top-performing
cryptocurrencies year-to-date
Logan Jacoby - Wed, October 2, 2024 at 5:30 PM EDT

Cryptocurrency prices have rebounded somewhat in 2024, leaving some investors with notable gains. But crypto is a notoriously risky investment and prices are known to fluctuate quite a bit. Keeping an eye out for the top performers every now and then can give you important context on how the market is performing.
Here are the top eight best-performing cryptocurrencies year-to-date.

Data as of Oct. 1, 2024.
Top-performing cryptocurrencies in 2024

Cryptocurrency Performance YTD Cryptocurrency Performance YTD
Toncoin 136.72% Solana 45.55%
BNB 787.65 TRON 43.76%
Shiba Inu 61.94% Bitcoin Cash 25.15
Bitcoin 47.02 Dogecoin 21.59

Source: Coinmarketcap.com.
1. Toncoin (TON)
Toncoin was developed by Telegram, a company that offers an encrypted messaging platform, in 2018. Telegram eventually abandoned the project and it was taken over by the TON Foundation.
• Price: $5.38
• Market cap: $13.61 billion
2. BNB (BNB)
BNB is the cryptocurrency issued by Binance, which is one of the largest crypto exchanges. BNB was originally created as a token to pay for discounted trades, but Binance Coin can now be used for payments, as well as purchasing various goods and services.
• Price: $544.26
• Market cap: $79.46 billion
3. Shiba Inu (SHIB)
Shiba Inu is an Ethereum-based cryptocurrency and popular memecoin, created in 2020 by a founder called Ryoshi. Shiba Inu, despite its fluffy mascot and meme notoriety, has some serious money behind it and sits in the top 15 cryptocurrencies ranked by market cap.
• Price: $0.00001664
• Market cap: $9.81 billion
4. Bitcoin (BTC)
As the granddaddy of them all, Bitcoin is often the token people reference when they talk about crypto. Bitcoin has a mysterious creator — allegedly Satoshi Nakamoto — who introduced the currency in 2009.
• Price: $61,395.45
• Market cap: $1.21 trillion
5. Solana (SOL)
Solana is a newer cryptocurrency that was created in 2019 by Anatoly Yakovenko. The platform is known for its ability to power smart contracts, decentralized finance apps, NFTs and more.
• Price: $146.56
• Market cap: $68.66 billion
6. TRON (TRX)
TRON, established in 2017, is a decentralized blockchain for creating applications. Its native token is TRX. The Tron Foundation acquired well-known peer-to-peer network BitTorrent in 2018.
• Price: $0.1544
• Market cap: $13.37 billion
7. Bitcoin Cash (B*H)
Bitcoin Cash was created to restore the decentralized nature of Bitcoin. The crypto formed after the Bitcoin blockchain forked in 2017, which is when the original blockchain diverges into two separate paths. The coin was created to handle more transactions at once, which reduces fees and speeds up how fast a transaction takes place.
• Price: $318.15
• Market cap: $6.29 billion
8. Dogecoin (DOGE)
• Dogecoin takes its name from a Shiba Inu meme and was created by software engineers Jackson Palmer and Billy Markus in 2013 to basically poke fun at the quick rise in Bitcoin prices. Dogecoin has an unlimited number of coins and can be used for payments or sending money.
• Price: $0.1055
• Market cap: $15.43 billion
Should you invest in cryptocurrency?
Crypto has seen some gains in 2024. Bitcoin specifically has been a top performer, having recently been boosted by the Federal Reserve’s interest rate cut. But the future prices of crypto are uncertain and have fluctuated given recent geopolitical conflicts in the Middle East, which have dampened investors’ appetite for high-risk assets like crypto.
The important thing to remember is that crypto is so volatile because the tokens aren’t backed by any underlying asset, meaning that the price of crypto depends solely on what buyers are willing to pay for it. To that end, any investments you make in the crypto space (especially during times of market uncertainty) should be part of a broader investment strategy — not your only one — in order to offset any money you could lose. Take time to consider your individual risk tolerance and time horizon for
meeting other financial goals like retirement.

Bottom line
When investing in any type of asset, it helps to look at the top performers to get a sense of what’s going on in the market. When it comes to crypto, it’s especially important because the prices fluctuate so much and new coins are issued at a fast pace. Before investing in crypto, consider your own risk tolerance and only invest what you’re willing to lose.

09/29/2024

How Sui surged 100% to pass Bitcoin
and Ethereum with a bet on gaming
Coinage - Sun, September 29, 2024 at 9:00 AM EDT

Bitcoin and Ethereum rebounded slightly in September, but both blockchains paled in comparison to Sui, which rallied 100% for the month.

The Ethereum competitor, which boasts far faster transaction speeds than most alternatives in the space, has largely bet that Web3 gaming will be its breakthrough use case. That bet seems to be paying off with its token up 103% since the beginning of the month. Bitcoin and Ethereum traded up 11% and 6% for the month, respectively.

Mysten Labs co-founder Evan Cheng recently described why Sui sees so much potential in gaming that it helped launch the first Web3-dedicated gaming device, the SuiPlay0x1 this month. As Cheng says, it’s about building a platform that redefines what ownership can mean in the digital age.
“Sui is not just a blockchain. It’s a platform for developers,” Cheng emphasized during an interview with Coinage, making it clear that the project’s ambition is to be a lot more than just a ledger for transactions.
When asked about the decision to go beyond software and dive into hardware, Cheng highlighted the importance of solving a fundamental issue: Distribution. “You know, probably a lot of times people think about, like, oh, what can Web3 and crypto do for consumers — that’s very important to figure out,” Cheng explained. “But before that, how do we help developers figure out the new business model that can last? It’s just as important.”
That’s where Sui's bet on its gaming device comes in. By providing a tight integration between hardware and the Sui ecosystem, the team is crafting a unique offering that could unlock new possibilities for developers, much in the same way Apple's iPhone later enabled its App store. The device will cost $599 and offer unlocks that may very well pay for itself.

09/04/2024

Crypto growth - Sept 3 [Last 7 Days]

01/01/2024

Bitcoin Miners Offload $129M BTC in Day, Sending Reserves to the Lowest Point Since May
Crypto miners' bitcoin reserves slid to the lowest point since May following a spate of withdrawals this week, in a sign of mounting selling pressure as the largest cryptocurrency posts a December gain of more than 13%, data from CryptoQuant shows.
https://www.coindesk.com/business/2023/12/29/bitcoin-miners-offload-129m-btc-in-day-sending-reserves-to-the-lowest-point-since-may/
Miner reserves measure the number of coins held by the affiliated miners' wallets. The number drops as the coins are moved to crypto exchanges, possibly as a prelude to a sale.
Miners began balancing their books in late October, with reserves entering a decline that accelerated this month. Reserves now number 1.832 million BTC being held by miners, down from October's high of 1.845 million.

01/01/2024

TOWARD A NEW ECONOMY: CRYPTOCURRENCY AND INTERNATIONAL DEVELOPMENT

by Abby Marweg
ETHNIC STUDIES | RESEARCH & CREATIVE

As of January 2019, we are 10 years from the original introduction of Bitcoin, the most recognizable cryptocurrency currently available. A digital currency that uses cryptography for security,

cryptocurrency (and specifically, Bitcoin) operates peer-to-peer and without the authority of banks, allowing people to directly pay and receive payments without third party intervention.

As we move toward more digital lives, and as technology increasingly becomes a part of our daily routine, we must begin to ask ourselves about the role of these advances in our lives and if they will help or hinder humanity’s progress.

https://magazine.libarts.colostate.edu/article/toward-a-new-economy-cryptocurrency-and-international-development/

In 2008, the creator of Bitcoin, the pseudonymous Satoshi Nakamoto, published their paper “Bitcoin: A Peer-to-Peer Electronic Cash System” to a cryptocurrency mailing list, and in early 2009 released the first Bitcoin software.

The first recorded transaction of Bitcoin occurred in 2010 when developer Leszlo Hanyecz paid 10,000 bitcoin for two pizzas, an amount of bitcoin that today would be worth $100 million. In the years since that transaction,

Bitcoins have increased and decreased in value, survived the hacking of the largest Bitcoin exchange, Mt. Gox, have been lauded as the future of money, and condemned as the next greatest scam. In the discipline of ethnic studies, interest in cryptocurrency lies in its potential within the international development sector: does cryptocurrency have the potential to be an economic equalizer or will it be another bandage for a problem too large to fix?
In Kenya, for example, in the last decade or so, the push in the development sector has been toward the economic system of microbusinesses.

Often the target of these endeavors are women in the rural areas of the country who receive loans from a larger organization to start a business. For many of these businesses this model is a way for them to access an international community of potential buyers.
Take, for instance, a group of women selling beaded jewelry who must utilize a third party in order to exchange money.

An individual in the U.S. can purchase a necklace through a website and the money is transferred, but it must first go through a third party to exchange the money: someone must have access to the bank account through which the money is being accepted. Once through the bank, money is given to the business itself. Problems arise when the women who are running the businesses do not have access to a bank account and therefore rely on someone within the community who does, or an outside, often international, source.