SEC to Decide on Bitcoin ETFs by Leading Asset Managers!

The US Securities and Exchange Commission (SEC) is expected to make essential decisions regarding Bitcoin exchange-traded funds (ETFs) by leading asset management firms. The ETF applications submitted by Bitwise, BlackRock, VanEck, WisdomTree, and Invesco are expected to receive responses before the end of the week. Decisions may include approval, rejection, or postponement of the applications. Bitwise’s application is due to be considered by Friday.
Bitgets Leading Decentralized Wallet Rebranded into Bitget Wallet
BitKeep, the decentralized wallet market leader established in 2018, has significantly transformed. Following a $30 million investment from crypto exchange Bitget and subsequent merging, the company has rebranded itself as Bitget Wallet. The rebranding comes alongside the launch of Bitget Swap. It is a flagship feature that bolsters the wallet’s position as a leader in the industry. Bitget Wallet’s integration into the Bitget ecosystem has propelled its user base to 20 million users. This has enabled faster transactions and superior asset management services.
Bitget Swap, the newly introduced feature, revolutionizes multi-chain trading with intelligent DEX aggregation. This has led across a hundred DEXs and top-tier liquidity, guaranteeing users the most favourable market prices. Users can now seamlessly engage in cross-chain trading across 20 chains. This is supported by precise market data and aggregated prices from prominent protocols. The comprehensive offering extends to various trading modes. Also, including limit orders and leveraged contracts, providing users with a holistic trading experience.
Bitget Wallet
The Wallet positions itself as a leader in the seamless wallet experience. Thus allowing transactions while interacting with various product features. These encompass token management and transfers, an NFT Market, DApp Browser, and a Launchpad.
Moka Han, BitKeep’s COO, emphasizes the significance of this rebranding event.
She stated, “This transformation marks a significant milestone for BitKeep as we embrace the future of Web3 trading.” She adds, “With Bitget’s support, we are poised to become the ultimate trading wallet. Empowering users with faster transactions, unmatched DEX aggregation, and seamless cross-chain convenience.”
The company’s journey has seen remarkable growth, with the DeFi surge in 2021 further cementing its status as a leading entry point to the Web3 realm. This upward trajectory is evident in the wallet’s rapid expansion of its user base and revenue, as it proudly achieved the milestone of reaching 10 million global users in Q1 2023. With the rebranding and the launch of Bitget Swap, Bitget Wallet is becoming a prominent force in the evolving landscape of blockchain and decentralized trading.
Bitgets Leading Decentralized Wallet Rebranded into Bitget Wallet
BitKeep, the decentralized wallet market leader established in 2018, has significantly transformed. Following a $30 million investment from crypto exchange Bitget and subsequent merging, the company has rebranded itself as Bitget Wallet. The rebranding comes alongside the launch of Bitget Swap. It is a flagship feature that bolsters the wallet’s position as a leader in the industry. Bitget Wallet’s integration into the Bitget ecosystem has propelled its user base to 20 million users. This has enabled faster transactions and superior asset management services.
Bitget Swap, the newly introduced feature, revolutionizes multi-chain trading with intelligent DEX aggregation. This has led across a hundred DEXs and top-tier liquidity, guaranteeing users the most favourable market prices. Users can now seamlessly engage in cross-chain trading across 20 chains. This is supported by precise market data and aggregated prices from prominent protocols. The comprehensive offering extends to various trading modes. Also, including limit orders and leveraged contracts, providing users with a holistic trading experience.
Bitget Wallet
The Wallet positions itself as a leader in the seamless wallet experience. Thus allowing transactions while interacting with various product features. These encompass token management and transfers, an NFT Market, DApp Browser, and a Launchpad.
Moka Han, BitKeep’s COO, emphasizes the significance of this rebranding event.
She stated, “This transformation marks a significant milestone for BitKeep as we embrace the future of Web3 trading.” She adds, “With Bitget’s support, we are poised to become the ultimate trading wallet. Empowering users with faster transactions, unmatched DEX aggregation, and seamless cross-chain convenience.”
The company’s journey has seen remarkable growth, with the DeFi surge in 2021 further cementing its status as a leading entry point to the Web3 realm. This upward trajectory is evident in the wallet’s rapid expansion of its user base and revenue, as it proudly achieved the milestone of reaching 10 million global users in Q1 2023. With the rebranding and the launch of Bitget Swap, Bitget Wallet is becoming a prominent force in the evolving landscape of blockchain and decentralized trading.
Ripple News Update: XRP is Leading this Altcoin Season, Overtaking Bitcoin – Says Ben Armstrong
Crypto community ears perked up as renowned influencer Ben Armstrong, widely recognized as Bitboy Crypto, hinted at a promising altcoin season ahead. He argued that Ripple’s digital currency, XRP, is leading this crypto rally, performing better than Bitcoin.
Tesla and Bitcoin
The crypto market in recent times has been no stranger to Elon Musk’s influence. Musk’s announcement regarding Tesla’s acceptance of Bitcoin as a form of payment drove the Bitcoin price north, past the 50k mark.
Yet, the subsequent decision to halt Bitcoin transactions on environmental concerns caused a market tumble. While the market danced to Tesla’s tunes, Armstrong has steered the attention towards a more intricate situation currently unfolding.
The Crypto Market’s Curious Case
A strange circumstance caught Armstrong’s attention: the rumors of Tesla accepting Bitcoin. However, upon close inspection, he found these rumors baseless, as the source code referenced was from January and only indicated acceptance of Dogecoin, not Bitcoin. His take on this reveals the skepticism that every investor should maintain, as market dynamics may not always follow rumors or unofficial reports.
Signs of an Altcoin Season
Drawing attention to the falling dominance of stablecoins in the crypto market, Armstrong hinted at a forthcoming altcoin season. He emphasized a noteworthy pattern: Bitcoin and Ethereum dominance decreasing, with stablecoin dominance also reaching a two-year low. His interpretation? An altcoin surge is brewing, and XRP stands to reap the benefits.
The Rise of XRP
With market patterns revealing a potential altcoin boom, Armstrong mentioned the considerable influx into XRP. In a comparison between XRP and Stellar (XLM), both were up by 64% post-announcement, yet XRP emerged victorious. It seems that XRP’s success is spilling over onto other ISO 20022-compliant coins, including XLM and XDC.
As Ripple leads the way, the victory in its lawsuit may signify that XRP is not a security, essentially eliminating any remaining doubts. Ripple’s triumph and XLM’s progress on a Central Bank Digital Currency (CBDC) with Ukraine signal the potential for ISO 20022 coins. Armstrong also stressed the high liquidity required to boost XRP compared to XLM due to its larger market cap.
Leading Crypto Investment Firms Polychain Capital and Coinfund Secure $350M for Innovative New Funds
Polychain Capital and Coinfund, two prominent cryptocurrency investment firms, have reportedly raised a staggering $350 million for their respective new crypto funds. The substantial capital infusion highlights the continued investor interest and confidence in the cryptocurrency market.
Polychain Capital Crypto VC Firms Raise $350M Amid Declining Funding for Crypto Projects.
Leading venture capital firms Polychain Capital and Coinfund have raised an impressive total of $350 million for their latest cryptocurrency investment funds, according to recent reports. Polychain Capital achieved a significant milestone by garnering $200 million in its “first close” for its fourth investment fund, while Coinfund surpassed expectations with a noteworthy $152 million raised for its fourth seed fund.
The successful fundraising endeavors of Polychain Capital and Coinfund are a testament to the enduring interest and resilience within the crypto industry, even as venture capital funding for crypto projects has experienced a consistent decline over the past year.
Notably, Polychain Capital, currently managing around $2.6 billion in assets, has set its sights on a total fundraising of $400 million for its new venture. However, the firm recently made strategic adjustments to its research team in alignment with its evolving investment priorities.
Coinfund Exceeds Fundraising Goal, Attracts $27M Amid Crypto Resurgence
Coinfund also emerged triumphant, surpassing its initial target of $125 million and attracting an additional $27 million due to a renewed surge of interest in the crypto sector.
Despite an overall 76% decline in venture funding for crypto and Web3 startups compared to the previous year, Coinfund’s exceptional fundraising achievement signifies a revitalized investor confidence in the industry’s potential. The cautious approach by venture capitalists towards new investments can be attributed to the challenges faced by prominent projects within the crypto sector.
Instances such as the collapse of Do Kwon’s Terra Money ecosystem and Sam Bankman-Fried’s FTX have prompted investor retreat and a heightened level of scrutiny across various investment fronts, except the flourishing artificial intelligence (AI) industry.
Investors have poured over $12 billion into the AI space since the beginning of the year, racing to capitalize on its promising potential. These funds will play a pivotal role in supporting startups and innovative projects within the crypto ecosystem, driving progress and expansion in the industry at large.
Overall, the news of Polychain Capital and Coinfund raising $350 million for new crypto funds highlights the strong investor appetite for the cryptocurrency market and signals a positive outlook for the industry’s future growth and development.
Leading Cryptos Prioritising Privacy: DogeMiyagi,Monero, Chainlink
In the fast-evolving world of cryptocurrencies, where decentralised finance and blockchain technology are reshaping financial landscapes, privacy has emerged as a pressing concern for users worldwide.
As individuals become increasingly aware of the risks associated with the exposure of their personal data, a new wave of privacy-centric cryptocurrencies has gained significant attention. Among them, DogeMiyagi (MIYAGI), Chainlink (LINK) and Monero (XMR) have emerged as notable players in prioritising user privacy.
DogeMiyagi: Privacy Guardian Of The Crypto Galaxy
In the thrilling realm of cryptocurrencies, a new altcoin has burst onto the scene, captivating the imagination of investors far and wide. Say hello to DogeMiyagi (MIYAGI), a digital currency that seamlessly blends the mystique of martial arts with the power of community, solidarity and harmony.
Drawing inspiration from the legendary Mr. Miyagi himself, DogeMiyagi has chosen the Ethereum blockchain as its foundation, aiming to establish itself as the epitome of security, transparency, and decentralisation. But what sets this altcoin apart from the rest? Brace yourself for a mind-bending revelation: DogeMiyagi remains blissfully unaffected by problematic market trends during its presale phase. That means you can invest in MIYAGI without losing sleep over wild market volatility.
DogeMiyagi is an Ethereum-based meme coin that merges the rock-solid reliability and wide-ranging popularity of blockchain technology with the popularity of meme coins. Gone are the days when meme coins were never taken seriously, for DogeMiyagi has embarked on a mission to redefine their worth. Prepare to witness the birth of a stable and practical alternative that challenges the status quo.
Chainlink: The Future Of Smart Contracts
Established in 2017, Chainlink (LINK) stands tall as a crypto powerhouse, acting as a bridge between smart contracts and a vast array of external data feeds, events, and payment methods.
By skillfully monetising off-chain data, Chainlink has successfully captured the attention of renowned data providers like Brave New Coin, Alpha Vantage, and Huobi, among a host of others. And that’s not all. Behemoth organisations such as AccuWeather, FedEx, and the Associated Press have eagerly joined forces with Chainlink, recognising its unparalleled prowess in data verification.
With zero-knowledge proofs paving the way for breakthroughs, Chainlink is rewriting the rules of the game. Brace yourself for the monumental transformation that awaits as the era of Web 3.0 beckons, powered by Chainlink’s unwavering commitment to innovation and pushing the boundaries of what’s possible.
Monero: The Cryptocurrency Shielded In Privacy
In a world where transparency reigns supreme, Monero (XMR) emerges as a crypto superhero, shrouding itself in a veil of privacy-enhancing features. While household names like Bitcoin and Ethereum proudly flaunt their transactions for all to see, Monero takes a different approach, going the extra mile to provide anonymity and user protection.
Built on an open-source blockchain foundation, Monero goes the extra mile to reduce traceability and safeguard user identities. It’s the go-to digital currency for those seeking refuge from prying eyes.
Monero’s raison d’être is crystal clear: to forge a decentralised network complete with enhanced transaction privacy and anonymity. Say goodbye to wire transfer fees, lengthy holding periods and the threat of fraudulent chargebacks. Monero’s decentralised nature ensures unparalleled safety for all.
So, if you find yourself yearning for a cryptocurrency that wraps you in a cloak of privacy, look no further than Monero.
In the world of crypto, building trust and confidence in a new project is of huge importance. Rest assured, DogeMiyagi is wholeheartedly committed to providing its ever-expanding community with an unparalleled blockchain experience rooted in safety and trustworthiness.
For more information on DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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Is the Bitfinex Wick at $56K for BTC a Leading Indicator, or are Low Market Cap Cryptos a Better Buy Still?
Bitcoin continues its drawn-out period of consolidation as it trades inside the April range between $31,000 and $27,000. Lately, the cryptocurrency has been trading toward the lower boundary of this range as the buyers attempt to defend the $27,000 level following the announcement from Binance that they would suspend BTC withdrawals due to network congestion.
Nevertheless, analysts are starting to be hopeful for BTC after an immense wick on the Bitfinex exchange briefly pushed the price of the number one ranked cryptocurrency to $56,000. According to market dynamics, the market will typically move to fill wicks as they represent inefficiencies within the market that need to be filled.
Meanwhile, other prominent analysts suggest that investing in lower market cap cryptos is still a better buy right now because they provide the opportunity for higher returns. Keep reading to find out which three tokens analysts predict to be the best buys today.
Bitfinex Wick: Can Bitcoin Rise to $56K To Fill It?
Bitcoin continues its period of consolidation as it remains stuck inside the trading range set out in April. The bull run for the cryptocurrency has somewhat stalled as buyers start to become exhausted, causing the market to move sideways. Despite the sideways action, traders are hopeful that the market can still recover due to the fact that the bears are struggling to push the price lower.
One fundamental piece of news extending the consolidation period is Binance closing BTC withdrawals amid congestion on the Bitcoin network. On May 7th, over 400,000 transactions were waiting to be processed in the meme pool – the waiting area where transactions go to be verified by nodes on the network. As a result of the congestion, Binance announced that they would suspend withdrawals for a couple of hours to help the transactions be processed.
Fortunately, Binance BTC withdrawals are active again, but the increased network usage is causing transaction costs to increase and creating a bearish narrative for the crypto.
Despite this, some analysts are expecting some huge swings higher after a wick on the Bitfinex exchange caused the price of BTC to surge as high as $56,000;
Wicks in a candlestick show price rejection points and signal the unsuccessful movement for an asset. They show inefficiencies within the market, and usually, the market heads in the direction of the wick, leading many traders to be hopeful that BTC might see a bullish revival.
In addition to the incredible candle wick, it seems that Bitcoin whales are starting to accumulate during the sideways movement. According to data from Glassnode, addresses holding at least 1,000 BTC have been accumulating the asset during May;
With whales accumulating, it’s usually a signal that a higher price surge is incoming.
Lower Market Cap Coins are Probably Still a Better Buy With Higher Returns
Despite the optimistic suggestions, other analysts believe that lower market cap coins are probably still a better buy as they provide the opportunity to earn higher returns – although a higher risk is associated with lower market cap coins.
In particular, three lower market-cap coins have been making waves across the industry. Let us introduce Spongebob Token, AiDoge, and yPredict as they present the perfect entry opportunity for potential 100x gains.
Spongebob Token – Taking the market by storm through viral memes.
Spongebob Token is the latest memecoin sensation that’s shocking the entire industry. Similar to PEPE, Spongebob Token is a memecoin with zero utility, but the FOMO behind the project is driving the price higher. The token launched directly on the Uniswap DEX without any presale on May 4th, when the team injected over $2 million into the liquidity pool. A mere four days later, SPONGE had exploded higher, producing a 3700% return, pushing the market cap from the initial $2 million level to reach as high as $96 million in the process.
The market has somewhat cooled off a little after Binance sent shockwaves of uncertainty through the industry by briefly halting BTC withdrawals, sending the entire industry plummeting – including memecoins like PEPE, TURBO, and SPONGE. Despite this, the retracement for SPONGE has provided the perfect entry opportunity for those still sitting on the sidelines, looking for an excellent price to invest.
Spongebob Token describes itself as the Krabby Patty of memecoins – referencing the legendary TV show from which the memecoin is inspired. The project was born to create a viral moment in the industry and to provide those who missed out on the PEPE, and ArbDoge pumps with another chance to get involved.
With the extraordinary growth seen so far, most analysts would agree that it’s been successful in unlocking its viral growth. One of the major driving forces behind its growth was the fact it was picked up by a number of alpha caller influencers during its first few days, sending a wave of whales into the project that was buying 10 ETH worth of SPONGE regularly. In fact, one guy even bought over 200 ETH in one transaction;
The extreme price surge gave birth to a new breed of memecoin millionaires in the market, who made their fortunes from buying a meme based on their favourite 1990s TV show. For example, the following wallet purchased around $60,000 worth of SPONGE on its first day, which exploded to reach as much as $1 million a few days later;
As expected, the enormous trading volume has also helped the token to be listed on a plethora of exchanges. The first major exchange to list SPONGE was LBank;
Which was quickly followed up by Poloniex and then MEXC Global, one of the top 10 exchanges in the world according to CoinGecko;
With exchanges and whales scrambling to get a piece of the SPONGE action, many analysts believe that SPONGE still has the scope for a 100x return. The low market cap, combined with the extreme FOMO, might just help this token follow the footsteps of PEPE and produce a $1 billion market cap later down the line. The recent pullback provides you with the perfect opportunity to get invested at lower prices before it takes off again.
You can purchase SPONGE on any of the exchanges mentioned above. Alternatively, if you prefer a decentralized method to buy it away from exchanges, then head over to the project’s website and use the Uniswap interface integrated there.
AiDoge – Combining memes and AI to create a groundbreaking Meme-to-earn platform.
Another low market cap crypto that’s making headlines is AiDoge, a revolutionary AI-powered meme generation platform. AiDoge describes itself as the greatest meme-generation platform that uses generative AI to create a meme-to-earn ecosystem. The project is on a mission to merge meme culture with AI technology to create a groundbreaking AI meme rewards platform.
The project is currently hosting a presale for its native token, $AI, which will be required as a utility token to access the meme generator and will also be used as a reward token for top meme creators. AiDoge enables users to harness the power of AI technology to create topical and timely memes, opening up meme creation to a wider range of users regardless of their previous artistic experience.
The platform is able to boast an extremely user-friendly interface where memes are generated through text-based prompts. These prompts are short descriptions inputted by the user that describe the meme they wish to see. The artificial intelligence then takes this description to create the meme in a matter of seconds. The best part about artificial intelligence is that it’s been trained using an extensive dataset of memes and crypto news, ensuring that it knows precisely what type of meme needs to be created.
To create utility for the native token, users need to purchase credits from the store using $Ai tokens to be able to generate new memes on the platform.
Once a meme is generated, it’s sent straight to the Public Wall, a shared virtual space where users can upvote their favourite memes. Memes that are voted to the top are entitled to receive rewards on a monthly basis, creating a meme-to-earn economy where users are incentivized to think outside the box and use the AI technology to its fullest potential. As the AiDoge community grows, so do the rewards provided to the top creators.
The presale for AiDoge is officially underway and has raised a total of $5 million so far. The presale is currently in the eighth stage, selling the token for a price of $0.00002880. However, it’s important to note that the presale uses a rising pricing strategy, meaning that the cost for $Ai will rise during each presale stage. So, for example, once the fundraising crosses the $5.5 million threshold, the ninth stage will commence, and the price will increase to $0.0000292. As a result, those that invest early benefit the most as they’re able to leave the fundraising with higher levels of unrealized profits.
yPredict – A revolutionary AI-powered trading analytical suite.
The final low market cap coin that can provide substantially higher returns than Bitcoin is yPredict, a next-generation Ai based trading research and analysis platform that provides traders with data-driven insights to help them make better trading decisions. yPredict is filled with artificial intelligence and machine learning experts, financial quants, and traders, who have joined together to create a suite of analytical tools designed to provide analytics through state-of-art financial prediction models.
The overall goal of the ecosystem is to build cutting-edge trading research tools for the trading community to access. With financial markets losing their predictability – due to the increased usage of bots and algorithms – traders need yPredict to regain their statistical edge. The primary features of the platform are the marketplace, trading tool suite, trading terminal, and high APY staking pools.
The marketplace is where financial quants in the finance sector can use their knowledge to build prediction models and list them on the marketplace in a results-as-a-service ecosystem. Developers list their model prediction results, allowing traders to subscribe to the prediction model on a monthly basis – using the native token, YPRED. From the revenue generated, 70% goes directly to the developer of the model, and the remaining 30% is distributed throughout the ecosystem.
The subscription model turns the YPRED token into a utility token based on its platform subscription, providing it with value over the long term and making it an attractive investment opportunity for those looking for rich utility tokens with room for price growth.
There’s also a market predictions platform open to all users to check asset price predictions generated through in-house developed predictive models. Again, this section of the platform is open to all users as it serves as an inbound traffic strategy for the yPredict ecosystem.
Users that hold YPRED tokens are able to access the yPredict Analytical suite, which gives them an edge in financial markets. The analytical suite provides a new breed of trading tools entirely powered by AI that can alert users for new market breakouts through pattern recognition or sentiment analysis.
yPredict is currently hosting a presale for its native token, YPRED, and has raised a total of $800k so far. The presale is in the fourth stage, selling the token at a price of $0.05. However, yPredict also uses a rising pricing strategy, so the price of the token will increase during each stage. Therefore, getting in earlier is best to take advantage of higher unrealized returns when the token finally launches on tier-1 exchanges at a price of $0.12. Currently, at today’s presale price, users can leave with more than 100% unrealized returns if they invest today.
Filecoin (FIL) Price Prediction 2023 – Conflux (CFX) and Collateral Network (COLT) Are Leading Altcoins
In the dynamic and ever-evolving realm of cryptocurrencies, investors are constantly on the lookout for promising projects. Some of the most exciting ones are Filecoin (FIL), Conflux (CFX), and Collateral Network (COLT), with its ongoing presale.
While Conflux is on a price charge Collateral Network is the real standout
Filecoin (FIL) Price Prediction 2023
While working on the decentralized version of the cloud, Filecoin is showing bullish signs for 2024. Filecoin, a decentralized storage network, has recently announced its ambitious Filecoin Web Services (FWS) project, aiming to compete with Amazon.
Using blockchain technology, Filecoin seeks to challenge centralized players like AWS. Moreover, Filecoin aims to empower users to have more control over their data. Filecoin offers an alternative that is resistant to censorship and provides improved data privacy.
Filecoin Web Services has the potential to disrupt the web services industry and become a go-to choice for users seeking decentralized alternatives.
What is more, the token is also showing bullish potential in its technical indicators. Algorithms predict that Filecoin will continue its upward trajectory in 2024. According to predictions, the token could reach an impressive $14.95, with its average price hovering around $13.35.
Conflux (CFX)
China-based blockchain project Conflux has surged after some positive news from Hong Kong. Conflux is a China-based blockchain project that has gained attention in the crypto space due to its unique approach to scalability and interoperability.
Traditional blockchain networks often face challenges in handling a high volume of transactions, leading to slow confirmation times and increased costs. However, Conflux utilizes a novel tree-graph structure that allows for parallel processing of transactions, resulting in a highly scalable blockchain.
This approach enables Conflux to handle significantly higher throughput, making it suitable for applications with large user bases and high transaction volumes.
Conflux surged 16% following news that Hong Kong will legalize crypto trading, as the move may prompt China to do the same.
Collateral Network (COLT)
While Filecoin and Conflux have made headlines, it is Collateral Network that has captured the attention of investors.
Collateral Network aims to disrupt the lending industry (valued at over $500 billion trillion) by introducing the world’s first decentralized crowdlending protocol for real-world assets on the blockchain. Collateral Network enables users to borrow cryptocurrencies against a wide range of physical assets. These assets include real estate, fine art, and vintage cars, and they act as collateral in case of loan default.
By minting NFTs against these tangible assets and fractionalizing them, Collateral Network allows borrowers to unlock the value of their assets. Multiple lenders can buy fractions of a single loan, unlocking more liquidity than a traditional bank. In return, lenders receive a weekly fixed passive income.
The main advantage for borrowers is that they can get funds discreetly without leaving a mark on their credit score. Moreover, lenders benefit from the transparency, security, and efficiency of blockchain and asset-backed lending. Collateral Network also eliminates geographical barriers for both investors and borrowers.
Thanks to the buzz around the project, Collateral Network’s token is already surging. During its presale, the COLT token is expected to increase by 3500%, reflecting significant excitement within the crypto community.
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Leading Gaming Token FUN Token Partners With DWF Labs
Isle of Man, Apr. 27th, 2023 — Today, FUN Token signed an undisclosed deal with DWF Labs that will support the vision of decentralizing the online casino space.
FUN Token is a leading gaming token with over 350,000 users. It is backed by FreeBitco.in, the biggest Bitcoin faucet in the world with over 51 million crypto-savvy users.
FUN Token is preparing to launch a revamped version of the XFUN Wallet – the flagship product of the FUN ecosystem. The XFUN Wallet is an innovative multi-asset non-custodial wallet that can store a wide range of cryptocurrencies, tokens, and NFTs.
The XFUN Wallet allows users to effortlessly exchange FUN Token for XFUN – the utility token of the ecosystem based on the Polygon blockchain. XFUN enables quicker, more cost-effective transactions while facilitating enhanced scalability.
Most importantly, the XFUN Wallet allows players to retain control of their funds. This technology eliminates intermediaries and enables users to play straight from the wallet. The XFUN Wallet is already integrated into several gaming platforms, including Dplay Casino, XFUN Casino, XFUN.bet, and XFUN Arcade.
FUN Token also employs advanced escrowing and token-burning practices to maintain the token’s deflationary character. The company is committed to utilizing 50% of its net gaming revenue to burn tokens quarterly.
FUN Token seeks to expand its ecosystem by bringing the technology to more casinos, exchanges, payment gateways, and platforms. They will soon release final upgrades to the XFUN API, a tool that allows third-party dApps to integrate seamlessly into the XFUN ecosystem.
About FUN Token
FUN Token’s objective is simple – harnessing the power of blockchain tech to create “trustless” gaming ecosystems that users can rely on and operators can implement seamlessly.
FUN Token is backed by the best in the business – FreeBitco.in is committed to fueling FUN Token’s efforts of making non-custodial gaming an industry standard.
Website | Twitter | Portfolio | Telegram | Medium | Reddit | LinkedIn
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KuCoin’s Twitter Account Briefly Hacked Leading to Loss of $22,628 Via Fake Activities
KuCoin, a Singapore-based centralized exchange with more than 27 million global users, reported its official Twitter account @Kucoincom was briefly compromised for about 45 mins from 00:00 Apr 24 (UTC+2).
During this period, KuCoin noted that the perpetrators posted fake promotional activities that resulted in asset losses to several users. Reportedly, about 22 transactions involving Bitcoin and Ethereum were identified with KuCoin’s fake Twitter activity. As a result, digital assets amounting to about $22,628 were lost to the attackers.
Meanwhile, KuCoin has promised to reimburse all the affected and verified customers. Notably, KuCoin’s official Twitter account has about 2.4 million followers, thus making its hack a significant threat to crypto users. The cryptocurrency exchange regained control of its social media account through the help of Twitter’s support team.
To prevent such incidents in the future, KuCoin announced it has implemented several other security measures in addition to 2FA.
“In addition to Twitter’s existing 2FA, the KuCoin team will implement additional security measures to fortify the protection of our social media accounts. We are also conducting a thorough investigation of the incident with Twitter to prevent similar occurrences in the future,” the company noted.
KuCoin is Safe
As the third largest centralized cryptocurrency exchange by daily traded volume, KuCoin is always under threats of black hat hackers seeking to compromise blockchain bridges. The company advised its customer to counter-check the website’s domain to avoid phishing links designed to confuse users and steal their assets.
The exchange takes pride in about $2.9 billion of reserves that are publicly available for review. Notably, the exchange reported a 24-hour trading volume of approximately $2 billion from more than 750 listed crypto tokens.
Why Mooky is Leading the Pack?
Background on Mooky
Mooky is a community-owned token with governance, meaning that the community decides on the platform’s operations through DAO voting. The holders of the token are the ones who own the platform. Mooky is a 0% tax token, meaning there are no slippage requirements when buying or selling the Mooky token, making it more attractive to the community. Additionally, the liquidity of the token is locked for two years.
Mooky also has a range of unique 3D NFTs that offer utility and return on investment. Each NFT is connected to a real-life planted tree, and holders of legendary or super rare NFTs receive entry into the Mooky Ventures Club. The Ventures Club provides members with bi-monthly airdrops, exclusive merchandise, and passive income from the platform’s investment portfolio.
Low tax token
Low-tax tokens are a game-changer for the cryptocurrency and blockchain industry. They offer numerous benefits for investors, making them an attractive option for growing their portfolios.
One of the most apparent benefits of low-tax tokens is that they allow for more efficient buying and selling. A token with a high tax rate can result in significant slippage when making trades. It can significantly impact the profitability of an investment. With low-tax tokens like Mooky, however, there are no slippage requirements, making buying and selling much smoother and more profitable.
Another critical benefit of low-tax tokens is that they make investing more accessible. A token with a high tax rate can be complex for some investors, especially those with smaller portfolios. With low-tax tokens, however, investing becomes more accessible, allowing for a broader range of people to participate and grow their portfolios.
Another advantage of low-tax tokens is that they are more attractive to investors. A token with a high tax rate can be seen as a less attractive investment option. With low-tax tokens, however, more profits can be kept, making them a more attractive option for those looking to grow their portfolios.
Mooky NFTs and their benefits
Mooky NFTs are a unique and innovative aspect of the Mooky ecosystem. They are 3D digital assets that offer utility and ROI for their holders. Unlike traditional tokens, NFTs are one-of-a-kind and can’t be duplicated or divided. It gives them a level of scarcity and uniqueness that makes them highly sought after by collectors and investors alike.
One of the most significant benefits of Mooky NFTs is that they are connected to a real-life planted tree. It gives them a tangible connection to the environment and provides transparency and accountability that is only sometimes present in other NFTs. Holders of Mooky NFTs can track the growth and health of their associated tree through the Mooky platform.
Another advantage ofMooky NFTs is that they offer access to the Mooky Ventures Club. This exclusive club is only available to those with a legendary or rare Mooky NFT. Members of the Ventures Club receive bi-monthly airdrops from Mooky’s partnership platforms, merchandise, and passive income from the platform’s investment portfolio. They also have access to a dashboard that allows them to track all of their rewards and investments.
Reflection on Mooky’s impact on the market and its future potential
Mooky has the potential to significantly impact the market due to its unique features, such as 0% tax, NFTs with utility and ROI, and the Mooky Ventures Club. These features set Mooky apart from other tokens and give it a competitive edge in the market. Experts believe that Mooky will continue to lead the pack and maintain its dominance in the industry. Mooky’s commitment to sustainability through its NFTs and investment in environmentally-friendly initiatives also sets it apart and may attract a socially-conscious customer base. Overall, Mooky’s combination of innovation, community-driven governance, and commitment to making a positive impact makes it a promising player in the market with a bright future ahead.
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Ethereum Set to Surpass Bitcoin as the World’s Leading Cryptocurrency, According to Raoul Pal
Raoul Pal, CEO of Real Vision, believes that rather than seeing cryptocurrencies as assets, investors should see them as digital nations. In a recent blog post, the former Goldman Sachs executive claimed that crypto ecosystems are networks that create both intrinsic and extrinsic value. He argues that the foundation of the Bitcoin (BTC) network is the idea that BTC is an autonomous monetary system free from the corrupting influence of governments.
Pal said that it fiercely defends the integrity of the protocol of how its society operates and, as a result, avoids innovation in the interest of preserving purity. He cited an example of the Bitcoin market as the Catholic Church during the Middle Ages or the gold-bug subculture. In the Bitcoin economy, Bitcoin is the lone asset that exists. Hence, the only option one has if you want to invest money in this market is to HODL (hold on for dear life) Bitcoin.
In comparison, according to Pal, the Ethereum (ETH) network is more like the intricate American economy. In this system, one can begin by buying ETH, which has a deflationary supply, or an amount that gets lesser with time. Since value must be maintained and not debased, its ‘central bank’ (the staking) follows prudent monetary policy.
Pal points out that staking ETH is comparable to buying US Government bonds, whereas decentralized finance (DeFi) can be compared to the riskier banking industry. He forecasts that over time, the Ethereum economy will grow to be larger than the Bitcoin economy due to its higher level of complexity. Pal also contrasts the economics of XRP and Ethereum rival Solana (SOL) with those of their respective home countries.
“Solana on the other hand might be South Korea just after the Asian crisis when its currency and equity market came crashing down. It was an unmatched opportunity that outperformed both the USD and SPX for six years. However, it did not stand the test of time. It failed to continue the outperformance. Who knows how Solana will play out.”
This Web3 Leading Bug Bounty Platform Cracks Down On ChatGPT- Cites Lack Of Validity
OpenAI unveiled ChatGPT, a long-form question-answering AI that answers complex queries in a conversational manner. It’s a ground-breaking technology since it’s been taught to understand what people mean when they ask questions.
Many users are in awe of its capacity to deliver responses of human-quality, which gives rise to the idea that it might soon have the ability to revolutionize how people interact with computers and alter how information is retrieved.
However, this technology has been stirring up trouble in a lot of different aspects. Here’s Why.
Immunefi has banned 15 ChatGPT-Generated Bug Reports
Immunefi is a bug bounty platform that focuses on web3 and smart contract security, with the objective of making web3 secure for all. Blockchain and smart contract projects can use Immunefi’s bug bounty hosting, consultation, and program management services. It has grown to become the leading bug bounty platform for web3.
In a recent tweet by Immunefi, it mentioned that it has banned 15 people so far for submitting ChatGPT reports.
Additionally, Immunefi engineers emphasised that there are differences between ChatGPT and services like GitHub Copilot. With the former, you are in control of the process, and Copilot’s job is to make contextually relevant suggestions that you can accept or reject as you write your program. With the latter, you are using a single prompt to produce what initially appears to be a well-written bug report but is ultimately unintelligible.
Immunefi went a step further and asked ChatGPT why the program shouldn’t be used to generate bug reports, receiving a “satisfying response” and have shared the same on Twitter.
Immunefi stated that it will continue to watch ChatGPT-generated reports as they become more sophisticated.
Will they lift the ban?
In the future, Immunefi might think about lifting the ban on the submission of AI-generated bug reports. “We will keep an eye out for the development of AI tools, and we will consider unbanning their use if they are ever capable of generating real bug reports” they recently said. But for now, the ban is in effect.
To conclude, the use of AI for these types of reports has its pros and cons. With some of the pros include efficiency, scalability, and consistency. But at the same time with cons like lack of context, and inability to understand or comprehend.
Analysts Suggest Sparklo (SPRK) As The Leading Coin For 2023 Over Zilliqa (ZIL) Or Dash (DASH)
Zilliqa (ZIL) and Dash (DASH) have been on a price decline for some months. This has led its investors to leave. Investors are searching for cryptocurrencies that have actual use cases and practical utilities and can also provide immense gains.
Despite being in its presale, analysts suggest Sparklo be the top choice for investors in 2023. This is because Sparklo presents a unique utility that has captured the attention of investors and market analysts’ attention.
Zilliqa (ZIL) Coin Might End The Year On A Decline
While most coins were making all-time highs in 2021 during the spring bull run, Zilliqa (ZIL) managed to achieve a price of $0.23, after which it fell drastically. Zilliqa (ZIL) attained a price of $0.13 by May, after which it continued falling.
By July’s end, Zilliqa (ZIL) showed some recovery signs and started growing with the crypto market. However, by 2022, Zilliqa (ZIL) was affected by the crypto winter, which saw the token drop tremendously.
Zilliqa (ZIL) trades at $0.02 after a -7.36% price decline in the last 24 hours. But, a further look at the previous seven days shows that Zilliqa (ZIL) couldn’t have a price reversal as it lost 33.22% of its total value.
Dash (DASH) Investors Seek Alternative Investments To Boost Their Portfolio
After Dash (DASH) made its debut in 2014, Dash (DASH) had a massive surge from April to May, when its price soared from $5.847417 to $15.9679. This surge shows the considerable interest it gathered from the cryptocurrency community. From 2014 to 2016, it experienced slow growth as it hovered between $15 and $25.
From 2017 to 2021, Dash (DASH) experienced several fluctuations as it hit an all-time high of $1,642.22. But, after achieving its all-time high, Dash’s (DASH) price began to decline by late 2021, and by 2022 it was hit by several market sentiments, which saw its price drop massively.
Dash (DASH) currently stands at $35.41 and has reduced its price by 38.24% in the last 90 days. With such data, investors are more relaxed about a bull run in the coming months.
Analysts Predict Sparklo (SPRK) To Lead In 2022
With Sparklo, investors can now have a platform to trade and invest in NFTs linked to real-world assets such as gold, silver, and platinum. Sparklo is just in its first stage of presale and goes for a price of $0.013, and analysts predict that it has the potential to deliver bountiful gains than Zilliqa (ZIL) and Dash (DASH) in 2023.
When investors buy a whole NFT, their assets will be delivered to their location. Additionally, Sparklo will partner with jewelry stores to ensure that investors and users can get discounts and first access to their assets. The developers also successfully passed an Interfi Network audit and will lock its liquidity for 100 years while ensuring that teams lock their token for 1,000 days. This makes Sparklo a safe investment for investors.
Sparklo might very well become a blue-chip cryptocurrency and has high growth potential. We recommend checking out Sparklo since investing early into solid projects is how to maximize profits.
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90% Sustainable APY From Oryen Network Is Market Leading, Unlike Uniswap Or Convex
People who can’t figure out how to generate income without working will never be genuinely wealthy. Obtaining passive income is becoming simpler thanks to the decentralized finance (DeFi) revolution. By providing investors with access to financial services that they were unable to obtain through TradFi, DeFi has made it simpler for regular people to generate passive income. If you want to invest in several cryptocurrencies but are not sure what to include in your portfolio, you can get help here.
You could invest in these three cryptocurrencies to make passive income: Oryen, Pancakeswap, and Uniswap. But which of these is the most sustainable? Well, according to the Business2community, Oryen is one of the best DeFi coins to buy.
Uniswap (UNI)
UNI has a wide range of functions. It is Uniswap’s native coin, a decentralized exchange that seeks to address liquidity issues. The Uniswap protocol benefits users by limiting risk and lowering costs for all parties, by automating the market creation process. Due to the fact that this technique does away with user identity restrictions, anybody can potentially construct a liquidity pool for any given pair of tokens. To formally establish Uniswap as a public, self-governing infrastructure that upholds its independence and autonomy, its governance token, UNI, was developed.
Convex (CVX)
Convex (CVX) is a DeFi system built on the Curve Finance stablecoin exchange. Curve liquidity providers and CRV stakeholders receive additional DeFi returns from Convex. In other words, Curve stakes benefit from Convex Finance.
When CRV is staked on Convex instead of Curve for veCRV, investors earn higher profits. The time-locked CRV that is used for management is referred to as veCRV. The more veCRV investors have, the more their liquidity pool can be leveraged to boost CRV dividends.
The Oryen Network (ORY)
With its innovative OAT (Oryen Autostaking Technic) system, Oryen offers investors a fixed APY of 90%, which is much higher than the industry standard. With ORY, investors start earning money as soon as they buy and hold it because the token is staked automatically from the wallet.
A rebase incentive of 0.177% is given to ORY token holders everyday. With the help of the three steps; buying, holding, and withdrawal, Oryen investors create passive income. Due to the compounding nature of interest, an investor in the Oryen network will get a higher APY, or Annual Percentage Yield, the longer they retain their tokens.
Another reason for using ORY tokens is their rising value. The price of ORY coins has increased by 200% recently. It demonstrates how the value of these tokens will increase once you obtain them.
Conclusion
The Oryen Network protocol offers a tremendous potential to generate passive revenue with less labor compared to Convex and Uniswap. ORY token owners can earn by staking them or by holding them as their value rises.
For More:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Why is Bitcoin Price Down Today? What is Leading to a Crypto Crash?
The crypto markets have been extremely bearish after undergoing a minor bounce in recent times. The brawl between the Binance CEO, Changepang Zhao(CZ) & the FTX CEO, San Bankman-Fried(SBF) has led the market to lose more than 10%-12% of the market cap in the past couple of days.
Presently, the FTT price has dropped by more than 73% to mark new lows at $4.36. Meanwhile, Solana’s price is also under heavy pressure as Bitcoin & Ethereum prices slump below $19,000 & $1400, respectively. However, the BinanceCoin (BNB) price continues to maintain its strength, registering a minimal loss of just 0.4% in the past 24 hours.
What caused a flip in market sentiments?
Well, there are larger concerns over FTX’s liquidity and its balance sheet, as they have turned down sharply ever since Binance announced liquidating all of their FTT tokens. As per some reports, the FTX balance sheet is down by nearly $6 billion, and the platform is trying hard to raise some funds to fill the gap.
The crypto markets have encountered a similar situation in the past couple of months while the Terra ecosystem crashed causing a 50% drop within the markets. Meanwhile, the assets have not completely recovered from the losses incurred then, and a fresh bearish market may compel the assets to find new lows in the coming days.
However, some analysts believe that the markets may not drop heavily as they did during the LUNA-UST crash as the reasons are a little diverse. Meanwhile, for the investors who were slowly gaining confidence back, the fresh sell-off may eventually enhance their distrust for a prolonged period ahead. Moreover, the regulatory scare may act as icing on the cake. Therefore, a bearish close for the year appears to be imminent.
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Snowfall Protocol leading the Pack! Band Protocol And Render Lack Behind After Successful Pre-Sale!
Cryptocurrencies are taking over traditional currency gradually. With the world moving towards newer innovations, one should learn to adapt.
The crypto space is solving and growing, bringing in more unique and innovative platforms. One of the most grossed platforms in the crypto space is Snowfall Protocol (SNW). Snowfall Protocol (SNW) is winning the hearts of investors with its great co-operational, user-friendliness, and higher estimated profits. This article will shed light on why Snowfall Protocol (SNW) is the talk of the town and a brief discussion on two other platforms to understand the crypto space better.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) was designed to be the first cross-chain token transfer environment for fungible and non-fungible tokens. Snowfall Protocol’s (SNW) dApp allows users to move assets between the most common Ethereum Virtual Machine (EVM) – and non-EVM compatible chains. Snowfall Protocol (SNW) is constructing networks enabling millions of individuals to connect to each blockchain.
Snowfall Protocol (SNW) emerged as a standout. Snowfall Protocol (SNW) is poised to dominate future endeavors, with its recent presale campaign still causing waves in the crypto sphere. Snowfall Protocol (SNW) sold 95,000,000 coins during the phase 2 campaign. The expected cost of $0.005 is currently around $0.015. The presale was a huge success, and people were very outspoken in questioning its presale during a bear run. Many observers were also concerned about what would happen to the new coin in this market if the market’s top dogs struggled to stay afloat.
Band Protocol (BAND)
A piece of software called Band Protocol (BAND) encourages a network of users to provide real-world data to decentralized applications based on blockchain (dapps). Band Protocol (BAND) offers this service to guarantee the proper execution of its smart contracts by rewarding a specific user group known as validators for providing and validating external data.
In this sense, blockchains like Chainlink, which, like Band Protocol (BAND), pay users to supply accurate data, are referred to as “decentralized oracle” systems, and the Band Protocol (BAND) is one of them.
To transmit information across various blockchains, including those built on Cosmos, Band Protocol (BAND), which was first developed on the Ethereum (ETH) blockchain, eventually established its blockchain using Cosmos technology.
Render Token (RNDR)
A blockchain-based effort called The Produce Network enables users to donate unused GPU resources to help applications render motion graphics and visual effects. Users get Render token (RNDR), the native utility token of the network, in return. By creating a peer-to-peer (P2P) network, render significantly streamlines the normal processes of rendering and streaming 3D environments and other visual effects. This allows individuals and organizations to efficiently and affordably use idle computer resources. As a result, the project provides a crucial framework for the metaverse’s upcoming digital goods and services.
The Bottom-Line:
For Snowfall Protocol (SNW), the presale strategy was spot on. Their presented statistics are so enormous that they merit praise and admiration for their sheer size, and they’re also evidence of the shocks they have in store for the crypto community and the wider globe.
Presale 2 is your chance to make up for missing out on phase 1 of the presale. Friends, ignore Snowfall Protocol (SNW) at your own risk.
For more information about the Snowfall Protocol’s (SNW) Pre-Sale, visit:
● Website: https://snowfallprotocol.io
● Telegram: https://t.me/snowfallcoin
● Presale: https://presale.snowfallprotocol.io
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Fazzaco Expo Dubai 2022 – A Leading B2B & B2C Gathering for the Global Fintech Industry
Fazzaco Expo Dubai 2022 will make its debut in Dubai on October 12-13, 2022 at Festival City-Festival Arena. It is a high-quality B2B+B2C event offering seamless networking opportunities for decision-makers, executives, managers, IBs, and traders across the financial and fintech industry, including PSPs, CRM providers, brokers, liquidity providers, trading software providers, white label providers, and blockchain companies, to name a few.
Various online / in-person events are here to happen, aided by LEDs and displays, with numerous onsite gifts and non-stop seminars, turning Fazzaco Expo Dubai 2022 into a fresh and lively financial show you’ve never seen before, allowing everyone to get more out of it.
Why You Shouldn’t Miss Fazzaco Expo Dubai 2022
– Free admissions. Fazzaco Expo provides free admission for all registered visitors. You can register it both on Fazzaco Expo site or at the entrance. To get fast access, we highly recommend online registration.
– Exciting prizes! Whether you are coming here to look for potential partners, clients, or just wanna stay tuned to the fintech industry, or maybe just want to browse a bit. You have the chance to win a prize too! We prepared loads of prizes from iPhone 13 Pro, to Samsung Galaxy S22 and even more!
– Much more networking Opportunities. About 10,000+ visitors will attend expo, it will be a great opportunity to grow your business network and meet your old friends.
– Most engaging content. Non-stop speeches and panel discussion will refresh your mind and make it possible to discuss with industry leaders face-to-face.
– Distinctively immersive experience. Eye-catching visual experience from 6 big LED screens brings you into an immersive Expo that’s totally different from what you’ve seen before.
Time: October 12 – 13, 2022
Location: InterContinental Dubai Festival City – Festival Arena
Expo link: http://expo.fazzaco.com/
Contact:[email protected]