Hedgeup (HDUP) web 3.0 Integration Challenges Sandbox (Sand) and Decentraland (MANA) for No.1 Spot
The future of finance is here, and it is in the form of cryptocurrencies. With the world of crypto constantly evolving, it is crucial to stay ahead of the game and know what’s on the horizon.
Many crypto analysts have tipped Hedgeup (HDUP), Sandbox (Sand), and Decentraland (MANA) to disrupt the market in 2023 and beyond.
These projects were selected based on their potential, market relevance, and credibility. Now is the time to take control of your financial future and invest in the tokens of tomorrow.
Get ready to join the crypto revolution and be part of the next big thing in the space. Do not wait any longer; the future is now.
Hedgeup (HDUP)
HedgeUp is the world’s first crypto NFT alternative investment marketplace that enables users to invest fractionally in selected assets worldwide.
Hedgeup (HDUP) is a decentralized investment platform that aims to disrupt the way alternative Investment works.
Hedgeup (HDUP) does this by giving investors a unique way of buying into their favorite assets with as little as $1.
Users can invest in selected assets such as wine, diamonds, aviation, gold, fine art, luxury watches, and more through specific fractionalized NFT trading.
Furthermore, users may have the whole asset or product delivered to locations of their choice after they entirely acquire an NFT.
Hedgeup (HDUP) is powered by the HDUP token, which grants benefits such as governance voting rights, staking rewards, and priority access to investment opportunities and online classes.
The Hedgeup presale is ongoing and has been an enormous success thanks to all the excellent features of the project. Many crypto analysts believe that by the end of 2023, HedgeUp’s current value could increase by 100x.
Sandbox (Sand)
Sandbox (Sand) is a blockchain-based virtual world where users can build, play, exercise ownership, and monetize all their virtual experiences.
One of Sandbox’s main aims is to empower creators, artists, and players in the blockchain community to develop the platform according to their imagination. Sandbox provides the ideal means for unleashing creativity in developing the modern gaming ecosystem.
The project brings the best of DAOs and NFTs to empower a growing gaming enthusiast community. Sandbox follows an innovative play-to-earn model, which helps users develop as creators and gamers. The platform offers its native token, SAND, essential for conducting all transactions.
Decentraland (MANA)
Decentraland is a wholly immersive and engaging 3D metaverse. It focuses on enabling users to purchase plots of land alongside exploring the massive virtual universe.
Decentraland features diverse experiences for participants, such as games, concerts, casinos, galleries, and many others. Currently, the platform is the longest-running project in the metaverse space.
Decentraland’s users can create various experiences on the platform’s different parcels of virtual real estate.
Two different tokens (MANA and LAND) are associated with Decentraland. MANA is the native token of the platform, and users can burn MANA to acquire a LAND token. The MANA token can be used to pay for different avatars, products, wearables, and names on the Decentraland marketplace.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
Ripple Unloads Billions of XRP, Whales Spot An Opportunity
Whale Alert has yet again alerted users to another routine withdrawal of XRP coins from one of its escrow addresses by the financial behemoth Ripple.
The San Francisco-based crypto giant Ripple Labs has started taking out one billion of these coins every month on the first. According to data from the XRParcade platform, Ripple has been engaging in this activity for 62 months.
Ripple released billions of the tokens as part of its latest escrow fund release. For the past 10 hours, the token’s EscrowBot has recorded four transactions, each carrying two 400,000,000 and two 100,000,000 XRP.
According to the data, Ripple has released 1 billion XRP tokens through various transactions, which are roughly worth $378 million. This indicates that there are currently close to 51 billion XRP coins on the market. 51% of the overall supply is made up of this.
Whale interest in Ripple’s native cryptocurrency has increased as the summary judgment in the XRP lawsuit draws closer. The top 100 whale wallets own over $26.8 million worth of XRP, according to data released by the BSC whales. 2.36% of their holdings are represented by this.
A whale transferred over 41 million XRP to the cryptocurrency market Bitstamp in order to sell its investment. The whale has transferred XRP tokens valued at $15.88 million so far to the cryptocurrency.
Awaiting summary judgment in the XRP lawsuit has caused the price of Ripple’s native cryptocurrency, XRP, to remain unchanged over the past few weeks.
IlThe US district court decision in favor of Ripple is anticipated to have a significant impact on the XRP price. The sixth-largest cryptocurrency, has seen a decent rise in price during the last day of about 1%.
Bitcoin Price In A Tight Spot: Can It Survive The Upcoming Global Inflation Crunch?
During the Covid-19 global pandemic, Bitcoin skyrocketed to its ATH of around $69k. Global markets were closed to minimize the spread of the contagious pandemic. In a bid to bolster struggling economies, most governments ended up printing more money, as observed in the United States, which offered several fiscal stimuli in trillions of dollars.
As the Covid related constraints reduce exponentially worldwide, central banks are working to counter the high inflation by raising interest rates. For instance,
“There’s still some distance for Japan to see inflation sustainably and stably meet the BOJ’s 2% target. Big improvements must be made in Japan’s trend inflation for the BOJ to shift towards monetary tightening,” incoming Bank of Japan Governor Kazuo Ueda said on Monday.
In Europe, ECB president Christine Lagarde confirmed that the EU would continue to raise interest rates until the inflation returns to 2 percent.
Consequently, economists forecast Bitcoin price is headed for the worst in the coming quarters.
Bitcoin Price Analysis
Bitcoin price rallied approximately 42 percent in January, but the momentum has since faded after gaining just 2 percent in the past four weeks. Following the recent Bitcoin price correction, analysts believe the bulls must hold on to this crucial level to secure a further rally. Otherwise, the asset could be forming a head and shoulder pattern on the daily time frame, which depicts an imminent correction.
The potential risk of Bitcoin price retesting last year’s bottom has more traders taking profits and exiting at a high rate. According to on-chain firm Santiment, more Bitcoin traders are selling at a loss than a profit.
Bitget Spot Copy Trading Feature Is Now Launched
Social trading
Leading exchange Bitget, as a pioneer of the crypto industry, recently introduced a new spot copy trading function for users seeking spot technicals and stable profit. Bitget future copy trading has been launched since May 2020 as well as the first platform starting to do social trading. Managing Director Gracy Chan defined social trading as a place where users are able to observe or learn other traders’ actions, especially the one-click copying trading that has over 55.000 professional traders from worldwide with 1.1 million followers.
The year 2022 has been a tough year for the whole world, particularly for The United Kingdom. According to the IMF, the UK has reached a 20-year high inflation rate of 18%. The energy crisis caused by the Russia-Ukraine war made the energy bill double the price in October 2022, and then triple in Jan 2023. Britain users intend to hold their assets rather than trade futures. Now, Bitget has made this transparent and reliable trading product available for spot trading. Introducing Bitget’s Spot Copy Trading, a low-slippage, low-latency, and low-maintenance trading product that takes the burden off your shoulders and rakes in profit with some of our most successful traders.
Bitget just on time! The platform not only launched a spot copy trading function to help spot traders strategically holding their assets, but also introduced new SEPA and FPS channels for users seeking to deposit EUR and GBP currencies. Additionally, the new deposit rails have 0% fees, making transacting cryptocurrencies more straightforward.
Spot Copy Trading User Guide:
https://www.bitget.com/en/academy/article-details/The-Ultimate-Guide-to-Bitget-Spot-Copy-Trading
Registration link: https://partner.bitget.com/bg/UKevents
Telegram: BitgetUKFansClub
About Bitget
Bitget, established in 2018, is the world’s leading crypto exchange with a core focus on social trading, currently serving over 8 million users in more than 100 countries worldwide. The exchange is dedicated to offering users secure, reputable, all-in-one trading solutions, and it seeks to boost cryptocurrency acceptance by working with reliable partners. Bitget is the exclusive crypto exchange partner with legendary Argentinian footballer Lionel Messi, the official eSports events organizer PGL, and the first sleeve partner of the leading Italian football team Juventus.
To safeguard users’ funds on the platform, Bitget adopts top-notch security and protection measures, including a $300 million Protection Fund, a Fund Custody service, pledged to be fully reserved by the Merkle Tree Proof of Reserves model.
To learn more about Bitget, please visit https://www.bitget.com.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Cryptocurrency News Today: Decentraland (MANA) To Reclaim the NFT Top Spot, But Will it Hit $1 in January 2023?
The Decentraland (MANA) price has seen a significant increase since the beginning of the year, indicating its potential for further growth. The price had been heavily trading within a descending trend since the market collapsed in May 2020.
However, after reaching a bottom below $0.3 just before the end of 2022, the MANA price broke through the crucial resistance at $0.6 and reached yearly highs around $0.758.
The upward trend was initially fueled by bullish market sentiment as the Bitcoin price rebounded, along with a significant increase in GitHub activity. Additionally, a major boost came from the announcement of a collaboration between the “Australian Open” tennis tournament and Decentraland.
With the current upward trend in the Decentraland price, the question remains whether the bullish momentum will be sustained and reach the next target of above $1.
The price has broken above the descending trend line it had been following throughout the second half of 2022 and is currently trading within these gained levels, leaving little room for bearish actions.
The bullish pressure has accumulated heavily due to which the price may maintain a notable upswing to reach the initial target close to $1 very soon.
In the meantime, the whale accumulation has intensified which had dropped heavily soon after the collapse of the FTX exchange. Whales holding tokens in the range of 100 million to 1 billion have become active.
However, it should be noted that a significant portion of the supply, around 50% around 1.23 billion, is held by whales who have been accumulating since December 2022. These whales hold nearly 1% of the entire circulating supply and may have a major impact on the upcoming MANA price rally.
This means that a pullback may be expected if these large holders begin to liquidate their holdings, as they did following the collapse of the FTX exchange. Therefore, the possibility of a short-term bounce appears high, which may trap bulls for a longer period in the coming days.
Grayscale’s Legal Debacle: Will The SEC Approve A Spot Bitcoin ETF?
Asset management firm Grayscale shall submit its latest brief in the ongoing case with the United States Securities and Exchange Commission (SEC), according to a tweet from chief legal officer Craig Salm.
In the filing, the asset manager will argue that the SEC erred in rejecting the proposal to transform GBTC (Grayscale Bitcoin Trust) product into a spot Bitcoin ETF.
Salm elaborated:
“Our lawsuit is about determinations on *questions of law*. Despite the SEC’s historical reluctance, or current perceptions of the crypto industry more generally, this is a legal case about fair and equal treatment under the law.”
Therefore, the actions of Terra/LUNA, 3AC, Celsius, Voyager, FTX, Alameda, BlockFi, Genesis Capital, Gemini, DCG, or anybody else, as well as any conjecture about such actions, are irrelevant to the final issue the Court must determine.
The argument here is whether or not the SEC acted arbitrarily and capriciously and discriminated against issuers when it authorized ETFs that carry bitcoin futures (a derivative of BTC) but denied the conversion of $GBTC to a spot bitcoin ETF.
Spot Bitcoin ETFs are in high demand in the United States, and for good reason. These exchange-traded funds (ETFs) would make Bitcoin more accessible to people who want to hold it as a security in a brokerage or retirement account through a regulated investment vehicle that files regular SEC reports, has audited financials and has tax documents on file, says Salm.
To the CLO’s point, the 850k+ GBTC shareholders are the ones who stand to benefit the most from this decision. They believe that by switching GBTC to a spot bitcoin ETF, the existing discount to NAV may be eliminated, freeing up roughly $4 billion in value.
Over the long run, an exchange-traded fund (ETF) is the most reliable method to monitor the value of bitcoin held in GBTC. This has always been the plan for Grayscale’s many crypto investment funds, including GBTC, Grayscale Ethereum Trust (ETHE), and others.
The Grayscale CLO emphasized that:
“We have the best legal minds representing GBTC shareholders in the DC Circuit Court of Appeals.”
Although he did add that, should their legal action fail, the asset management firm is committed to looking at other options for restoring funds to GBTC stockholders.
Why is Grayscale Suing the SEC?
On June 29, 2022, the day the SEC rejected Grayscale’s application, the company filed a lawsuit against the agency. Grayscale claimed that the SEC’s approval of some bitcoin futures ETFs was unlawfully discriminatory because it favored one kind of product over another (meaning futures over spot ETF).
In response, the SEC filed a document indicating that there are material disparities between the devices’ abilities to identify and prevent fraud and manipulation.
According to the SEC, unchecked spot ETFs might be vulnerable to fraudulent and manipulative behavior such as wash trading, price manipulation by whales, malevolent control of the Bitcoin network, hacking, insider trading, manipulative activities using putative stablecoins, and fraud at cryptocurrency exchanges.
Binance Launches Blockchain Education Program, Cardano Launches Cardano Spot, Snowfall Protocol Presale Phase 3 Almost Sells Out
The crypto market has been volatile in the past year and a half. Despite this volatility, some projects have thrived while others have failed. One such project that gained major traction since it was launched two months ago is Snowfall Protocol (SNW). In this article, we will discuss the key reasons why Snowfall Protocol (SNW) will be a better investment than Cardano (ADA) and Binance (BNB) in 2023.
Binance (BNB) partners with Blockchain Center Research Lab for education program
Binance (BNB) has announced in a press release that it will begin a nationwide blockchain education program in Kazakhstan in partnership with the Blockchain Center research lab. Binance (BNB), a major cryptocurrency exchange, aims at preparing college students in the Central Asian country of Kazakhstan, for careers in the cryptocurrency sector.
According to the announcement, Binance (BNB) plans to train over 40,000 students in blockchain by 2026 at educational institutions across the Central Asian country. While the crypto winter continues to cause declines for the token, Binance (BNB) has been engaging with officials in neighbouring Kyrgyzstan and Azerbaijan to discuss expanding its footprint in the region.
Binance (BNB) may be making headlines for all the right reasons, but its current investors haven’t fared so well. In the last month, Binance (BNB) has lost 23% of its value. Binance (BNB) is currently trading at $242.79, which is a 64.86% decrease from its all-time high.
Cardano (ADA) launches social network called “Cardano Spot”
The Cardano (ADA) blockchain’s founding member, EMURGO Group Pte. Ltd., has announced the formation of a new business company, EMURGO Media, to develop media-related products and services for the Cardano ecosystem.
Cardano Spot is the first product released by EMURGO Media, and it serves as a social network and information hub for the Cardano (ADA) community. Cardano Spot is a platform that aggregates high-quality content from reputable members of the Cardano (ADA) community to provide readers with the most recent information on the ecosystem’s progress and address the problem of content fragmentation.
Only time will tell if the introduction of Cardano Spot makes any difference to the growth of Cardano (ADA) as a cryptocurrency. So far, the price charts of Cardano (ADA) do not look convincing. Cardano (ADA) has dropped over 17% in the last month and 50% in the past six months. With the current trading price of $0.26, Cardano (ADA) is 91% below its all-time high.
Snowfall Protocol (SNW) in its last presale stage
Investors are drawn to Snowfall Protocol (SNW) for more than just its exceptional value and growth rate (SNW). As per crypto experts, there is tremendous potential in the blockchain industry for Snowfall Protocol (SNW). For instance, Snowfall Protocol (SNW) removes the barriers that limit asset transfer within different kinds of blockchains. Both fungible and non-fungible tokens can be moved from one blockchain to another seamlessly, via theSnowfall Protocol (SNW), without the need for third-party services.
Snowfall Protocol (SNW) team has created an interactive and easy-to-use platform for users regardless of their technical backgrounds. Snowfall Protocol (SNW) is moving at an extraordinary pace because of its immense potential. More than $3 million has been raised through presale sales so far.
The value ofSnowfall Protocol (SNW) tokens has increased by 250% from the second phase to the third, and more gains are expected in the future. As per analysts, Snowfall Protocol (SNW)could soon increase by 5000% by the time it launches. Therefore, this is the perfect time to buy Snowfall Protocol (SNW).
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
MEXC Announces Support for LUNC Upgrade and Burning of LUNC Spot Trading Fees
In support of the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees for LUNC/USDT and LUNC/USDC – Starting September 3, 10:00 to September 17, 10:00 (UTC).
MEXC is the first CEX to support the LUNC upgrade and burning proposal.
The actual trading fee received will be proceeded by MEXC and will implement secondary market buybacks on a daily basis. Also, on a daily basis, MEXC will make arrangements to send LUNC tokens obtained from the secondary buy back of LUNC to the official burn address that is provided by Terra.
Currently, MEXC ranks second for the LUNC burning, with 581,983,415.1228 LUNC buy back.
What is Terra Protocol?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payment systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Developments on Terra began in January 2018, and its official launch of its mainnet in April 2019. As of September 2021, Terra offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and intends to roll out additional options.
Rebranding of Terra
After the collapse of the stablecoin of the Terra ecosystem, the LUNA community has proposed various methods to rescue the Terra ecosystem. Among them, the passage of Proposal 1623 brought substantial progress to rescue the Terra ecosystem by creating a brand new chain and began to airdrop its new tokens to the users of the Terra ecosystem.
On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token LUNA has also been renamed as LUNA Classic (LUNC). After the tax proposal was released, the price of LUNC increased by 100%.
MEXC Global Initiatives
Three months ago, MEXC Global initiated another LUNA recovery plan by burning and buying back LUNA as well. Since then, LUNA hit the highest gain of 2,430%.
With much support, MEXC Global is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services such as Spot, ETF, Futures, Staking, NFT Index, etc., and serves more than 7 million users worldwide. Currently, it supports the trading of more than 1,400 cryptocurrencies. With the fastest listing speed, MEXC Global laid out the public chain sector from the very beginning.
As we undergo a bear market, MEXC Global offers zero fee for all spot trading pairs. As an exchange that keeps up with hot market trends, MEXC Global also supports Ethereum’s upgrade and its potential hard fork with a list of two “potential forked” ETH tokens.
While creating safe and reliable core products , MEXC Global has also launched Grid Trading, Trade Mining and other functional and incentive products suitable for users in combination with Web3 trends and user needs.
About MEXC:
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc., and serves more than 7 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,400 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and MEXC Research for more.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?
MEXC Firstly Announces ZERO Maker Fee Promotion for All Spot Trades
The leading digital asset and cryptocurrency trading platform MEXC firstly introduces 0 maker fee rate offering for all spot trading users from since August 31st. The 0 maker fee policy applies to all spot trading pairs on MEXC. This marks a ground-breaking level of user experience that has been brought to the crypto space for all traders.
For now, reports show that MEXC reaches a spot daily trading volume of $1.6B, and more than 1,500 trading pairs are listed on MEXC, according to CoinMarketCap. While the zero maker fee policy is introduced, more than 7 million users worldwide will benefit from the promotion in every single spot trading activity.
With the value of “Users first, Service foremost”, MEXC keeps making efforts and remains competitive regarding the user experience in the ever-changing cryptocurrency market, since founded in 2018. Especially over the past months, MEXC team has successfully pushed the boundaries forward. In April, MEXC firstly introduced the NFT Index product to help people around the world take part in NFTs more affordably. In August, MEXC introduced MX/USDT perpetual trading, and then launched trade mining feature on the platform, and more to come.
MEXC’s VP Andrew Weiner commented, “As the first exchange in the industry to announce zero maker fee for all spot trading pairs, MEXC continues to win supports and trust from our user community in every timing the market changes. We are dedicated to make the user experience more effortless and seamless.”
The promotion opens from August 31st 15:00 (UTC) until further notice. For more details, please stay tuned to MEXC website for official announcements.
About MEXC
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc.,and serving more than 7 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,500 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and MEXC Research.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.