Money with Passive Income: Scorpion Token, Monero, Ethereum
Passive Income has always been a valuable tool to those in the know. Recently, however, the notion of making money whilst essentially doing nothing has hit the mainstream. In tough economic times, this is no surprise.
Cryptocurrency is possibly the best and almost certainly the most accessible way to start making passive income. There are many projects that claim to offer passive income via staking, mining, or other means. This piece will discuss 3 of the best options: Monero, Ethereum, and Scorpion Casino Token.
Stake with Monero for a Hefty ROI
Engaging in staking within cryptocurrencies like Monero and Ethereum provides an intriguing avenue for generating passive income. Within the realm of Monero, a privacy-centric cryptocurrency, staking involves a lottery system named Proof-of-Work RandomX Lottery. This system awards participants with rewards through a randomized process. Numerous exchanges extend Monero XRM interest accounts, offering an appealing annual percentage rate (APR) reaching up to 7.2%.
The Reliability and Utility of Ethereum
In contrast, Ethereum, THE renowned blockchain platform, has recently adopted a Proof-of-Stake (PoS) consensus algorithm for staking. This process entails staking ETH to actively participate in the network’s validation procedure, thereby earning rewards. This transition presents an enticing and growth-oriented opportunity for generating passive income.
Both Monero and Ethereum introduce distinctive staking features, each carrying its potential for return on investment (ROI). Monero, prioritizing privacy and security, opens doors for users seeking an anonymous staking experience. On the other hand, Ethereum, known for its extensive array of decentralized applications, offers a promising avenue for those aiming to harvest rewards from the burgeoning DeFi sector. The average annual ROI for Ethereum staking stands at 6-7%.
Scorpion Casino Token – New is Always Better?
Scorpion Casino Token (SCORP) presents a lucrative opportunity for passive income within the vibrant world of online gambling. Leveraging blockchain technology ensures transparency, efficiency, and security. With a prescient eye on market growth to $145.6 billion in 2030, Scorpion Casino Token lowers entry barriers. The SCORP presale has already raised an impressive $1.2 million.
The Scorpion Casino platform itself has already established itself as the go-to place for online gaming, whether that be a vast sportsbook, classic roulette, or a myriad of other engaging ways to play. Scorpion Casino offers a diverse gaming experience, featuring 30,000 monthly betting opportunities, 210 casino games, and 160 live games.
Supported by a robust tokenomics system, including buy-backs and burns, Scorpion Casino Token enhances the staking experience, promising a dynamic avenue for passive income in the ever-evolving crypto landscape. Crucially, SCORP has a revenue-sharing system that is unrelated to the frequent ups and downs of the crypto market. This means SCORP could truly be the golden goose of crypto passive income in 2024. So, what are you waiting for? Start making your money work for you today!
Find Out More About Scorpion Casino Token:
Presale: https://presale.scorpion.casino/
Twitter: https://twitter.com/ScorpionCasino
Telegram: https://t.me/scorpioncasino_official
3 Reasons The Bitcoin Price Can Hit $35,000 In October, While This ‘Next Bitcoin’ Token ICO Nears $400k
After an explosive start to the month – which saw major cryptocurrency prices surge – the crypto market is experiencing a substantial pullback today.
Bitcoin’s rally to the $28k price mark yesterday failed to breach the 200-day Simple Moving Average, resulting in a 3% correction in its price over the past 24 hours. Altcoins like Ethereum, Dogecoin and XRP are also mirroring BTC’s bearish move, experiencing strong declines themselves.
And yet, most experts remain bullish on Bitcoin in both the short and long term, fully expecting the “Uptober” scenario to play out. They are projecting BTC to close the month somewhere in the $32,000 to $35,000 price range, owing to the continued enthusiasm around Bitcoin spot ETFs, cooling inflation levels and favourable technicals.
With fresh capital expected to enter the market, a new cryptocurrency – Bitcoin Minetrix – is also being backed by popular traders to display a strong bull rally. In a short span of a week, the token ICO has already raised close to $400k in seed round funding.
Experts Give Bullish Bitcoin Price Prediction Despite Short-Term Losses
Over the past month, Bitcoin has continued to follow the trend of displaying a bullish breakout move, immediately followed by a near-full retrace of its rally. This trend continues to liquidate both the bears and the bulls, keeping the BTC trading market choppy.
Yesterday’s price action was no different, with the largest cryptocurrency hitting the $28k level without being able to hold it. BTC is currently priced at $27.4k, with the open interest in the token now down to the same level as before the initial rally.
However, Michael van de Poppe of MN Trading, who has close to 700k followers on X, reveals that BTC’s higher-time frame charts still look great, adding that the Bitcoin price can hit the $35k mark in the next 4 to 8 weeks if it continues to trade above the 200-week EMA.
Indeed, BTC’s technicals paint a bullish picture, with TradingView giving the token a “buy” signal in the daily time frame. The bulls would next hope to breach the crucial 200-day Simple Moving Average at $28037 to see a strong continuation.
Similarly, popular analyst @davthewave, who has close to 150k followers on X, reveals that the BTC weekly Gaussian channel has turned green, which traditionally marks the onset of the next bull run.
Trader and analyst @CryptoJelleNL, who has 50k X followers of his own, is much more bullish on BTC, predicting it to hit the $48k mark in the coming months, with $32k a strong possibility for October. He highlights that Bitcoin is back over its 21-week Explosive Moving Average, an indicator that has previously acted as a support for the bull market.
Benjamin Cowen of IntoTheCryptoverse, who has close to 800k followers on X, points out that the BTC dominance has successfully retested its bull market support band and continues to trend higher.
Apart from strong technicals, the anticipation around spot Bitcoin ETFs continues to give a major boost to BTC’s value. Despite the SEC delaying its decision on the pending applications once again, investors continue to believe that a spot BTC ETF is not a matter of if, but of when.
Bernstein analysts and other market insiders had already projected the ETF to be approved by early 2024, therefore, delays by the SEC are not dampening investors’ enthusiasm. On the other hand, US lawmakers – from both parties – are now actively and openly pushing the SEC to approve the ETFs, which can lead to more investors opening long positions on BTC.
Finally, Bitcoin may also be getting an unexpected but welcome boost from the US economy, as the PCE index recently showed signs of cooling inflation. While several Fed officials are signalling the possibility of another interest rate hike, experts such as Warren Pies of 3Fourteen Research see the move as unlikely.
In short, the market outlook on Bitcoin is distinctively positive and the token could be hitting the $35k price mark by the end of October.
‘Next Bitcoin’ Project Bitcoin Minetrix Approaches $400k In ICO
BTC is not the only cryptocurrency expected to surge in October – the new Bitcoin Minetrix altcoin is gaining strong traction in its ICO, having already raised $385k in just a week.
The project aims to make the Bitcoin mining industry accessible to retail investors, consequently offering an excellent opportunity to earn passive BTC rewards.
In the early days, mining Bitcoin was much more preferable than purchasing it in the open market. In fact, Laszlo Hanyecz – the man who became the butt of many jokes for exchanging 10,000 BTC for two large pizzas – mined all his tokens himself.
However, the profitability of the sector led to an arms race between wealthy corporations, making it impossible for an ordinary enthusiast with a CPU to mine his own BTC. Studies have shown that mining 1 Bitcoin may cost upwards of $200,000k in some countries.
To challenge this monopoly, Bitcoin Minetrix’s cloud mining platform is allowing investors to rent a portion of the computational power, without running the mining operation themselves.
Investors can purchase $BTCMTX tokens and stake them to earn mining credits. These credits can eventually be sent to a burn address, in exchange for a percentage of the yields or cloud mining time, leading to lucrative BTC rewards.
Cloud mining is not a novel concept, however, constant scams and frauds have previously turned investors away from the industry. Such investors will now be able to trust Bitcoin Minetrix’s tokenized approach, considering that they can unstake and sell their tokens at any time – no scams and no long-term cash contracts.
Interested buyers can purchase and stake the BTCMTX token in the presale at bitcoinminetrix.com for just $0.011 with a debit / credit card or by swapping ETH, USDT or BNB.
Optimism Foundation’s $157 Million Token Sale Stirs Debate on Decentralized Governance
The Optimism Foundation recently unloaded a whopping 116 million OP tokens, valued at $157 million, in a private & planned sale citing ‘treasury management purposes.’ The transaction, while planned, has rekindled the ongoing debate about the true essence of decentralization in the crypto-sphere.
The sale of the tokens was conducted privately and involved seven undisclosed buyers. The tokens were drawn from an unallocated section of Optimism’s treasury, which is still flush with around $1.25 billion, according to DefiLlama data.
The buyers can delegate the newly acquired tokens to third parties, enabling them to participate in blockchain governance. This feature has raised eyebrows, considering the potential to disrupt the power dynamics in the Optimism ecosystem.
Financials and Market Response
Despite the successful sale, OP tokens haven’t enjoyed a bullish phase. The current trading price is $1.35, registering a 2.19% dip in the last 24 hours. Additionally, the circulating supply of OP tokens is 18.59%, which begs questions about the scarcity and demand of these tokens.
Earlier this week, Optimism also issued its third community airdrop, distributing 19.4 million tokens among over 31,000 users. However, a further 570 million tokens have been earmarked for future airdrops, adding another layer of complexity to the tokenomics of OP.
The Controversy: A Question of Governance?
The token sale hasn’t gone down well with everyone in the crypto community. A tweet by crypto influencer Hsaka critiqued the process, highlighting the absence of a community vote in the decision to sell the tokens. “In a truly decentralized world, there would have been a vote for this sale,” Hsaka tweeted, along with a hypothetical voting scenario illustrating how the community could have blocked the sale.
Another Twitter user pointed out that the tokens were sold to seven anonymous investment funds with a lock-in period of two years, raising further questions about the transparency and decision-making process within the Optimism community.
The Optimism Foundation made a lot of money from its big token sale but also upset some people who care about shared decision-making. In a world where everyone is supposed to have a say, ignoring that is against the principles of decentralization.
CONG Token Emerges as the Best Presale Candidate of the Quarter
As the crypto bull market continues its bullish stride, several noteworthy trends and developments are shaping the landscape. Among these, the meteoric rise of Babydoge’s social media following, Oak Grove Fund’s impressive $60 million fundraising round, and CONG Token’s emergence as a top candidate for the best presale of the quarter have garnered considerable attention. This article will delve into these exciting trends, highlighting their significance in the current crypto climate and what they mean for investors and enthusiasts.
In the fast-paced world of cryptocurrency, community engagement and social media presence are often crucial factors in a project’s success. Babydoge, a meme coin inspired by the popular Dogecoin, has taken the crypto world by storm with its irresistible charm. One of the most remarkable developments for Babydoge recently is its attainment of a staggering 2 million followers on twitter platform.
The Babydoge community has proven to be an energetic and devoted one, tirelessly promoting the token across platforms like Twitter, Reddit, and TikTok. The coin’s endearing Shiba Inu mascot and catchy slogans have resonated with crypto enthusiasts and newcomers alike, contributing to its viral appeal.
Oak Grove Fund’s Remarkable $60 Million Fundraise
The crypto investment landscape is evolving rapidly, with institutional investors increasingly recognizing the potential of blockchain technology and digital assets. Oak Grove Fund, a rising star in the world of crypto-focused investment funds, recently made headlines by successfully raising an impressive $60 million in capital.
Oak Grove Fund distinguishes itself by its seasoned team of financial experts and a forward-thinking investment strategy. The fund focuses on carefully selected cryptocurrencies, blockchain projects, and digital assets with the potential for substantial growth. With a disciplined approach to risk management and thorough due diligence, Oak Grove Fund has gained the trust of both institutional and individual investors.
CONG Token: A Strong Contender for the Best Presale of the Quarter
In the midst of the crypto bull market, presales of new tokens often generate immense interest and excitement among investors. One project that has emerged as a top contender for the best presale of the quarter is CONG Token. This innovative blockchain project aims to revolutionize how investors access and engage with diverse investment opportunities, all within a secure and transparent ecosystem.
CONG Token’s presale has generated considerable buzz due to its groundbreaking approach to crypto investment. The project’s unique pipeline of investment opportunities includes partnerships with ventures like Terça da Serra, CL Jóias, Studios Deal, and Hey Fit. These collaborations span various industries, from agriculture to entertainment, offering investors a diversified portfolio that mitigates risk.
Presale is approaching to an end, with the listings in December. Investors can still get 3x by investing. Furthermore, the project launched its staking platform with APYs up to 59% plus compounding. With more than 12,000 holders, The Conglomerate Capital project is a truly candidate for the best presale of the quarter.
What makes CONG Token particularly attractive to investors is its commitment to transparency, security, and social impact. Blockchain technology ensures that all transactions and investments are recorded securely, providing a level of trust crucial in crypto. Additionally, projects like Terça da Serra and Hey Fit align with values of sustainability and wellness, making investments more meaningful for those looking to create a positive impact.
Conclusion
Amid the crypto bull market, trends and developments are constantly reshaping the landscape. Babydoge’s incredible social media success, Oak Grove Fund’s substantial fundraise, and CONG Token’s emergence as a top presale candidate have captured the attention of the crypto community and beyond.
As the crypto market continues its upward trajectory, investors and enthusiasts need to stay informed about these trends and opportunities. Whether you’re drawn to the viral appeal of Babydoge, the institutional validation of Oak Grove Fund, or the innovative approach of CONG Token, there are plenty of reasons to be excited about the current state of the crypto world.
However, it’s crucial to remember that the crypto market remains highly volatile and speculative. Before making any investment decisions, conducting thorough research, assessing risk tolerance, and seeking advice from financial professionals is advisable. With the right knowledge and strategy, investors can confidently navigate the exciting trends of the bull market and potentially reap the rewards of this dynamic and evolving space.
Optimism Announces a $26 Million OP Token Airdrop for DAO Participants!
Optimism, a layer 2 network built on the Ethereum network, has announced its third OP token airdrop, worth $26 million, to 31,870 addresses that participated in delegation activities of its DAO, the Optimism Collective. The rewards were based on the number of tokens delegated by a user and the duration for which they were held. A minimum threshold of 18,000 units was set, and to ensure a fair distribution, rewards were capped at 10,000 OP tokens for each address. The airdrop was aimed at increasing engagement on the platform and rewarding user participation.
Citigroup Launches Deposit Citi Token Services for Institutional Clients!
Citigroup has launched its new product, Deposit Citi Token Services, which allows institutional customers to convert their deposits into digital tokens using a private blockchain controlled by the bank. The tokens can be sent instantly, removing the need for customers to set up their own digital wallets. Deposits can be accessed through the bank’s existing systems, making it an easy and efficient solution for customers. This move highlights the growing trend of traditional financial institutions adopting blockchain technology to modernize their services!
Crypto Index Launches Its Tokenized ETF i20 Token
The i20 token represents an equal distribution of investments in the top 20 cryptocurrencies based on market cap, excluding stablecoins, with real-time price tracking and weekly index updates.
Cayman Islands August XX, 2023 — Crypto Index, the S&P of crypto, launches its first ETF-style token, i20, to simplify diversification and portfolio management with blue-chip cryptocurrencies. The i20 token was created to provide a single cryptocurrency through which every investor can purchase a stake in the value of the top 20 global cryptocurrencies, excluding stablecoins, securely and with minimal overhead risk.
As the crypto market begins to recover from a global market downturn, current trends point to rising demand from retail and institutional investors. However, many potential investors struggle to manage and diversify their portfolios across the still vastly complex cryptocurrency landscape. This coincides with technical challenges from purchasing multiple cryptocurrencies across different platforms and the various wallets needed to support them.
Crypto Index addresses the demand for easily accessible and diversified crypto portfolios with the launch of its i20 token. As a token modelled after common ETFs traded on global stock exchanges, each investment into the token’s fund is equally distributed across the top 20 currencies (5% each), fully backing the token by the corresponding amount of each coin. The top 20 index updates weekly, adjusting accordingly to any market cap fluctuations in the top 20 currencies, with the profits going into the fund.
Leading global crypto market-making agency CLS has partnered with Crypto Index to manage the company’s liquidity and maintain its algorithm, ensuring the movement of the token always represents the correct value.
As done in traditional finance markets, Crypto Index provides a measurement and market tracking system for all the various cryptocurrencies that can be used to determine which coins will be included in the top 20 for a given week. With this diversified system, the company provides a convenient onboarding process for the mass of retail investors by simplifying the portfolio-building process.
Crypto Index plans in the near future to establish a “Core Analyst Committee” of five expert analysts to conduct regular market analyses. In the event a top 20 crypto faces a freefall, the committee can vote with a four-fifths majority to remove the specific currency from the index, boosting the token’s transparency and security. In this scenario, the next currency on the list would be added to the i20 index.
“We are witnessing an incredible demand for diversified investment opportunities within the crypto space,” says XXXX, XX of Crypto Index. “At Crypto Index, we see our launch as a pivotal milestone for the industry because it provides users with a one-stop-shop for exposure to the top 20 cryptocurrencies at any given time. The i20 token is flexible, transparent, and provides both experienced and inexperienced crypto investors with a convenient solution to diversified long-term investing across a wide range of currencies. We are excited to start this journey, and look forward to additional token launches, multisig wallets, and more.”
About Crypto Index:
Founded in July 2023 by Adiel Barzel and Matan Deutsch, Crypto Index is one of the world’s first ETF-style crypto indexes and aims to be a leading investment vehicle driving mass adoption in the industry. With its i20 token representing a traditional ETF, Crypto Index provides a single coin through which investors can purchase the top 20 cryptocurrencies with minimal overhead risk. Crypto Index emphasises transparency and is committed to ensuring that all wallet addresses are visible on its website.
For more information, visit: https://crypto-index.net/
The Fiery Rise of a Meme Coin: Introducing RedHotCock Token
Las Vegas, NV – RedHotCock Token, the hottest meme coin of 2023, has ignited the crypto community with its revolutionary spirit, boundless potential, and infectious sense of fun.
Born in the heart of Cryptoville, to Margaret “Megabyte” (Node) and renowned developer John Michael Rooster, known in the blockchain realm as Binary Dammett, RedHotCock Token embodies a legacy rooted in the early days of the internet. With a lineage steeped in diverse coding languages and digital technologies, RedHot Rooster’s journey took flight amidst the vibrant energy of Cryptoville, yet found solace in the tranquil landscapes of DataFarm.
RedHotCock’s journey is charted through an ambitious and meticulously planned roadmap.
Phase 1: Conceptual Genesis
In the bustling city of Cryptoville, the visionary minds behind RedHotCock Token embarked on a journey that would forever change the crypto landscape. It all began with the creation and launch of the official RedHotCock website, a digital portal that would become the epicentre of their vibrant community. This phase marked the formation of a robust and engaged following, as RedHotCock Token established a dynamic presence on Twitter, heralding the arrival of a meme coin with a difference.
Phase 2: Ignition on UNISWAP
The excitement reached fever pitch as RedHotCock Token entered the UNISWAP platform, the epicentre of decentralized trading. This marked the culmination of Phase 2, an achievement that sent shockwaves through the crypto world. The launch was accompanied by meticulous planning and executed perfectly, ensuring a seamless user experience.
A meticulously crafted marketing campaign stands ready, poised to spread the RedHotCock fervor far and wide. To celebrate the impending launch, RedHotCock plans to host the largest buying contest, a testament to their commitment to rewarding passionate supporters. The meme coin also has its sights set on achieving listings on prestigious platforms such as Coingecko and Coinmarketcap, solidifying its position in the crypto hierarchy.
The journey had just begun, and the crypto community awaited the next chapters in RedHotCock Token’s story.
Phase 3: On the Horizon
As RedHotCock Token continues to gain momentum, Phase 3 looms large on the horizon. This phase is dedicated to forging strategic partnerships that will bolster RedHotCock’s standing and reach within the crypto ecosystem. The team has exciting plans to introduce RedHotCock Emoticons, adding a dash of whimsy and uniqueness to the crypto experience. Another wave of dynamic marketing initiatives will be designed to captivate both seasoned crypto enthusiasts and newcomers alike. Simultaneously, all planned features are being fine-tuned for launch, enhancing the user experience and pushing the boundaries of innovation. The RedHotCock roadmap remains dynamic, ever-adapting to the evolving crypto landscape.
Tokenomics
Underpinning the RedHotCock ecosystem are meticulously designed smart contracts extending their influence across the digital realm. The tokenomics of RedHotCock Token are structured to provide maximum utility and accessibility:
- Total Supply: 100,000,000,000
- Buy/Sell Tax: 0%
- Liquidity Pool Burned: 10ETH
- Contract Authority: Renounced
Join the RedHotCock Revolution
As RedHotCock Token continues to prepare for its spectacular launch and the exciting prospects of Phase 3, it extends an open invitation to the global crypto community to join this extraordinary journey. With an unwavering commitment to innovation, community building, and an unparalleled user experience, RedHotCock Token stands at the forefront of revolutionizing the meme coin landscape.
For more information, please visit the official RedHotCock Token website at https://redhotcock.wtf/.
About RedHotCock Token
RedHotCock Token is a revolutionary meme coin that brings together a vibrant community, innovative features, and a commitment to pushing the boundaries of the crypto experience. Founded by John Michael Rooster and Margaret “Megabyte” Node, RedHotCock Token is poised to set a new standard in meme coins.
RedHotCock
Bobby Mando
Animoca Brands Raises $20 Million, Grants Utility Token Warrant to Investors!
Hong Kong-based blockchain gaming firm Animoca Brands has raised $20 million through the issuance of new ordinary shares for A$4.50 per share. As part of the funding round, the company has awarded investors a free-attaching utility token warrant on a 1:1 basis. The capital will be used to develop Animoca Brands’ gaming and blockchain initiatives, including its non-fungible token (NFT) platform, which allows players to own unique game assets. Animoca Brands has collaborated with some of the world’s biggest brands, including Formula 1, Sesame Street, and Garfield.
Big Bank Enters the Crypto Game: JPMorgan Launches Blockchain-Based Deposit Token
The Bitcoin price has a long history of responding to changes in the banking industry. A recent development on September 8th suggests that JPMorgan, a prominent financial institution, is preparing to make a significant impact on digital finance. According to a recent Bloomberg report, the bank is on the verge of completing a groundbreaking blockchain-based deposit token, pending approval from U.S. regulators.
Finally Blockchain in Banking: A New Start!
In contrast to stablecoins issued by non-bank entities, JPMorgan’s new token will be introduced by a traditional depository institution. This token will complement JPM Coin, which is currently limited to transactions within the bank itself. However, the new token will enable transactions not only within JPMorgan but also with other financial institutions, particularly for settlements involving tokenized securities.
Done and Dusted!
Following a successful pilot project with the Monetary Authority of Singapore last year, this breakthrough demonstrates substantial progress. The token, like JPM Coin, will enforce strict compliance, including thorough customer verification and anti-fraud measures. JPMorgan’s foray into blockchain-based deposit tokens is a significant milestone, not just for the bank, but for the wider financial industry. Subject to regulatory approval, this innovation stands to revolutionize cross-border transactions.
“The past few years have been a tipping point for institutional DeFi, where even the largest banks are adopting this technology,” said Monica Long, President of Ripple.
JP Morgan’s new system alongside the existing XRP payment system has raised questions. Some believe it may be impacted by regulatory issues, allowing the SEC to allow new crypto players while retaining Ripple.
Also Read: JPMorgan: Spot Bitcoin ETFs Won’t Live Up to the Hype; Here’s Why
Crypto to Get A Boost
Historically, crises in the banking sector have had a positive impact on most cryptocurrencies. These crises tend to bolster confidence in digital assets, as investors explore stablecoins as alternative investments. The encouraging news is that institutions like JPMorgan opening the doors to blockchain technology will likely bolster the crypto market. As an example, Bitcoin experienced a surge from $27,000 to over $28,000 on March 19 due to an issue involving Credit Suisse.
Polygon Denies Claims of Substantial MATIC Token Transfer to Binance!
Polygon, a scaling solution for Ethereum, denies making a substantial transfer of MATIC tokens to Binance, despite Nansen, an on-chain analytics tool, claiming otherwise. Lookonchain, another analytics platform, reported that the transaction raised liquidity concerns. Polygon assured users its network’s integrity remained intact, but the controversy has prompted questioning of the accuracy of on-chain analytics tools. The dispute has the potential to shift market dynamics as investors wait for a resolution.
SOMA Finance Launches Legally Issued Digital Security Token!
SOMA Finance announced its plans to launch the first legally issued and structured digital security, called the SOMA token. The token will offer token utility, including the right to receive a 10% dividend on SOMA profits. The company aims to sell $5 million, with pricing set at $2.50 per token. The tokens will be sold to global and US retail investors later this month. This marks a significant milestone in the world of digital securities, as SOMA Finance continues to innovate and lead in this emerging market.
Korean Traders Pump Crypto Token, Seeing a 150% Increase in 7 Days!
Korean traders have taken a liking to the CYBER token, resulting in a 150% increase over the past week. The CYBER token price has risen to around $14.7 on Upbit, compared to $9.3 on Binance. According to reports, the current annualized funding rate of CYBER U-based contracts is now above -500% on major exchanges, with Binance`s rate being the lowest at -662%. While it remains to be seen if this trend will continue, the recent surge in demand highlights the growing popularity of the CYBER token among traders in Korea and beyond.
Patricia Token Function Explained in a White Paper!
A crypto exchange company, Patricia, has released a white paper clarifying the function of its Patricia Token. In response to criticism that it was a stable coin, Patricia explained that the token is actually a debt token intended to help customers manage their debt. The Patricia Token is issued to users as a means of managing their balances, allowing them to pay off debts at a later date. The company hopes that the token will provide an efficient means of managing debt while also providing users with better access to the crypto markets.
Ripple-SEC Case Raises Uncertainty Amid Positive Developments; Industry Experts Stress Clarity in Token Classification
After some positive developments for Ripple in July regarding its case against the SEC about XRP’s classification, things have gotten uncertain again. We’re all waiting for the final decision in the US court, but it’s not clear if Ripple will win or not. Cryptocurrencies and blockchain technology have been at the forefront of discussions in recent times and Ripple has been making headlines for demanding clarity.
Karen Ottoni, the Sr. The Director of Ecosystem and Strategic Initiatives at Hyperledger Foundation said in a conversation with Thinking Crypto that while comprehensive regulations from congressional bodies are still in the works, the ruling provides some clarity from the courts. A key takeaway from this ruling is that tokens themselves are not inherently considered securities. Rather, the focus is on how these tokens are packaged and presented to investors.
Karen explained that while it’s hard to talk about the Ripple case directly, the clear explanations from these rulings really matter. They help everyone, like governments, regulators, and people in the market, to know what tokens and securities mean in the world of cryptocurrency.
Furthermore, central banks around the world are considering the implementation of Central Bank Digital Currencies (CBDCs) using blockchain technology. For instance, the Central Bank of Brazil announced plans to build a CBDC on Hyperledger Basu, while countries like Nigeria and Norway have already launched CBDCs using Hyperledger technology.
She said, “It is definitely always very useful to have clarification on how governments or regulatory bodies are defining tokens and securities, as well as how they are being used.”
Ripple Labs and its senior executives, Brad Garlinghouse and ChrisLarsen, were accused by the SEC of selling securities unlawfully. The court agreed with the SEC on some points, like Institutional Sales, but disagreed on other matters in their summary judgment motions. In the recent update, the parties in the Ripple-SEC case told Judge Analisa Torres when they’re available. Ripple’s legal team said they’re ready for trial in the second quarter of 2024.
PEPE Coin Recovers Following A Spike In Whale Activity! Will PEPE Token Price Regain Old Momentum?
Numerous Doge lovers have touted Pepe as the next big thing in the meme coin market, even going so far as to predict that it could outperform the original meme coin, Dogecoin, in the upcoming bull market. However, the latest shifts in fund withdrawals from the multi-sig wallet have cast doubts on this theory for some investors. As a result, Pepe experienced a significant decline today, leading to increased whale activity. The surge in large transactions now appears to be bullish for Pepe’s rebound from its recent slump.
Whales Continue To Buy PEPE Near The Dip
Pepe’s price plummeted almost 20% amid concerns of a potential “rug pull” following recent multi-sig wallet adjustments and token transfers. The downturn coincided with the transfer of $16 million in Pepe tokens from the developers’ multi-sig wallet to multiple crypto exchanges.
As PEPE hit its lowest point, whales began accumulating the token from the dip, anticipating profits in the next bull market. Data from IntoTheBlock shows a sudden surge in large transactions, with the count rising from 41 to 132. This suggests that whales are actively engaging with PEPE’s recent downturn, serving as a catalyst for its price recovery.
Additionally, the volume of large transactions (>$100,000) has experienced a significant increase, jumping from $10.67 million to $98.4 million. This suggests a shift in sentiment among whales in response to the recent market selloff.
According to Lookonchain, a holder of PEPE tokens invested 320 Ethereum, worth approximately $529,000, to purchase 640 billion PEPE tokens. This move may have been motivated by the recent dip in PEPE’s price following a substantial sell-off. The meme token saw a spike in selling activity, which could have been the catalyst for the whale’s quick action.
What’s Next For Pepe’s Price?
Pepe token experienced a bounce back from its $0.00000078 support level, signaling that bullish investors are entering during price dips. As of writing, Pepe trades at $0.00000086, declining over 16% in the last 24 hours.
The bulls are currently trying to initiate a short-term rally that could potentially reach the 20-day EMA at $0.00000101. However, sellers are expected to strongly defend this level. If the price declines upon hitting the EMA20 level, it would imply that the Pepe sellers are still in the game, waiting for the perfect opportunity to open short positions.
A decline below the support line at $0.00000078 will strengthen sellers’ confidence, potentially sending the Pepe price toward a severe decline.
For a stronger bullish comeback, buyers will need to push the price beyond the immediate resistance at $0.00000115 and moving averages. If the price successfully holds upward momentum and breaks above the resistance line, Pepe might surge to $0.00000171.
Nigerian Exchange Launches PTK Token Amid Doubts!
Nigerian cryptocurrency exchange Patricia has announced the launch of its native token, Patricia token (PTK). However, the news has been met with mixed reactions from the local cryptocurrency community. While some have welcomed the move, others have expressed doubt about the viability of the token given the already saturated nature of the cryptocurrency market. Patricia’s CEO, Fejiro Hanu, remains bullish on the prospects of the token, which he says will enable users to enjoy even more benefits on the platform.
Pomerdoge to surpass Solana & Polygon, as top utility token
Today’s investors seek cryptos with better utility. This is where Pomerdoge emerges as a potential game-changer. It is expected to leave Solana (SOL) and Polygon (MATIC) behind. So, which of these three will be the best investment? Let’s learn here.
Summary
- Solana (SOL) may see a slight price rise of $23.84 in 2023.
- Polygon (MATIC) can trade at $0.850 by 2024.
- Pomerdoge starts presale at $0.008.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Solana (SOL) Plans To Boost Its Accessibility While The Token Trades At $23.34
Solana (SOL) community has been consistent with a single purpose since the beginning. It wants to be more accessible to its developers. Despite many upgrades, Solana (SOL) developers still face restrictions. But, a recent launch of a developer tool, Solang, can finally give them a positive outcome.
Solang can connect the Ethereum blockchain network to the Solana (SOL) ecosystem. It is a compiler that’ll allow EVM developers to create dApps on the Solana (SOL) network. Earlier, Ethereum used Solidity while Solana (SOL) used RUST or C for dApp development. Thus, Solang is making a big change by bringing them together.
The community hoped for a price increase after the launch of Solang. But, there is a downtrend in the token price. Its live price is $23.34, a 4.62% daily drop. Experts suggest a slight price rise of $23.84 in 2023 for Solana (SOL).
Polygon (MATIC) 2.0 Seeks Community Support, Yet The Token Falls To $0.6262
The Polygon (MATIC) community is expecting the growth of Polygon 2.0. But, price charts are not showing any uptrend for Polygon (MATIC) for a long time. The platform’s official Twitter account recently shared more information about Polygon 2.0. According to the posts, Polygon (MATIC) users can get better liquidity and scalability. The team claims there would be no bounds to the scalability of the Polygon (MATIC) network.
Moreover, Polygon 2.0 includes four new protocol layers, each with a unique function. Thus, Polygon (MATIC) users can enjoy better interlop, staking, proving, and execution through these layers.
Despite some Polygon (MATIC) staking growth, the token dropped over 4% in a week. Currently, it is trading at $0.6262, a 7.08% dip in a day. But, experts suggest the token to trade at $0.850 by 2024.
Investors Are Ready For An Exciting Adventure With Pomerdoge’s Presale Release
Recently, Pomerdoge launched its much-awaited presale phase one. The new P2E gaming platform invites global investors and gamers. Players will gain a fun gaming experience. Developers hope it’ll become the top adventure gameplay among 370 games.
Furthermore, players can brace themselves with some awesome gameplay elements. One is Pomergame, where they can showcase their gaming skills and earn cool rewards.
Moreover, it has a special market to buy and sell virtual stuff among players. Players can earn rewards, invest, and trade within the gaming ecosystem. Additionally, players can build their gameplay avatars. They can also play face-off with the world’s best players.
Only early presale buyers will get a chance to get NFTs at 0.2 ETH. Thus, investors are rushing to buy the tokens. Currently, the platform only offers POMD tokens at $0.008, with a 4,000% gain projection.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
Upbit Introduces Cyper, a Decentralized Social Network Token!
South Korea’s largest cryptocurrency exchange, Upbit, has launched a new decentralized social network token called Cyper on the Binance Launch Pool. The move highlights the importance of blockchain technology in the social networking space and comes amid a growing trend of decentralized social media platforms. With Cyper, users can engage in a decentralized social network where they can share content and interact with others without centralized control. The move shows Upbit’s dedication to expanding its offerings and providing users with more options, offering more diversification for investors and users alike.
Glow Token Sues Crypto.com for Alleged Fraud and Breach of Contract!
Glow Token, a crypto startup, has filed a breach of contract lawsuit against Crypto.com, seeking compensation of more than $250,000. Glow Token claimed that it was defrauded earlier this year by individuals who posed as Crypto.com employees and negotiated to list its cryptocurrency on the exchange. Glow Token’s CEO transferred $250,000 and one bitcoin to an account he believed belonged to Crypto.com following negotiations, but the claimed listing agreement was subsequently denied. Crypto.com’s negligence is also being blamed, and the platform stands accused of using internal traders.
XRP Price Dynamics: Decoding the Impact of Major Token Holders
The price of Ripple (XRP) suddenly dropped after news broke that the court had given the green light to the US Securities and Exchange Commission’s (SEC) request for an interlocutory appeal. The recent drop has wiped out all the gains made during the July 13 rally, with XRP plunging by 15% in the past week and 30% over the past month.
However, on-chain metrics have painted a different narrative. According to Santiment, the XRP Network is showing signs of improvement, as its price rose by 4% today. This increase seems to be influenced by the largest holders of cryptocurrency. There are 221 addresses with 10 million to 1 billion XRP each, holding a combined total of 16.13 billion tokens valued at $8.71 billion.
Reacting to the news, pro-XRP lawyer Bill Morgan wrote, “Those other ownership figures show 221 accounts which may represent less than 221 separate holders now hold about 30% of the entire circulating supply. @XRP_Productions should sell some.”
Moon Lambo, a well-known crypto enthusiast, also shared some interesting facts about these price movements. As Moon Lambo pointed out, sometimes $XRP outperforms Bitcoin during market crashes, and other times it’s the other way around. This shows that short-term price movements can’t always be predicted and that the crypto market is full of surprises.
The expert found humor in a recent crypto market crash where $XRP dropped significantly more than Bitcoin. Why? Because these drops, even though they might seem extreme, don’t necessarily reflect the long-term potential of a cryptocurrency.
He wrote on Twitter, “Why be fearful when we’re observing volatile price action given that data tells us we should expect volatile price action? The market is behaving in-line with what we should expect, yet some people freak out over normal market behavior?”
SEI Token Skyrockets With A Whopping 2,000% Launch Day Surge! Will SEI Price Crash From Current Level?
Every time a new token launches, there’s a surge in excitement and hope, kind of like the night before a big concert. Today, Sei Network’s token, Sei, took the spotlight, shooting up by a mind-blowing 2,000% after the protocol kicked off their mainnet. However, as the pump seems to fade, traders are preparing themselves for a potential change in the market as a possible price drop is on the edge.
Sei’s Trading Volume Skyrockets 6x After Binance Listing
Sei Labs, the company behind the Layer 1 blockchain Sei, today announced the successful launch of its mainnet, following a testnet phase. The blockchain’s very own token, SEI, made its debut on prominent exchanges like Binance, Kraken, and Huobi, to name a few.
Sei aims to create a blockchain that paves the way for effortless asset exchanges, according to its creators. Be it assets linked to social platforms, gaming, or even NFTs, Sei aspires to deliver the smoothest user experience.
Upon listing, SEI had a circulating supply of 1.8 billion, which is 18% of its total supply of 10 billion, as stated by Binance. With an initial price tag of 26 cents, this cryptocurrency boasted market capitalization of $486 million, placing it comfortably within the top 100 cryptocurrencies.
Currently, the market cap of SEI is $340 million and the trading volume has increased from the low of $20 million to $120 million following Binance listing. Over 200 teams are actively developing on Sei, which boasts over 7.5 million unique wallets, as per a recent press release.
This release also highlighted that Sushiswap’s decentralized perpetual futures exchange is set to debut on the network. Earlier in May, Sei Labs secured $30 million in two funding rounds, with notable investors like Jump Crypto, Multicoin Capital, and Flow Traders backing them.
Will Sei Token Crash Soon?
Within hours of its debut, the Sei token’s value skyrocketed. On KuCoin and Gate, Sei surged to over $0.8 and $0.4, respectively, but then stabilized around 2 cents. However, traders need to stay aware as the price may soon meet a sharp collapse and drop to its opening price or even decline further.
As of writing, Sei token is trading at $0.19, surging over 2,200% over the last 24 hours. It is to be noted that what goes up must come down, especially in the volatile crypto market. As more investors jump during the surge, the demand could outstrip supply, leading to a price correction. Moreover, any issues or vulnerabilities in the SEI platform could shake investor confidence.
Hence, Coinpedia advises investors to stay informed, keep an eye on market trends, and, most importantly, never invest more than you can afford to lose.
Gemini Launches a Daily XRP Token Giveaway for Verified Customers!
Cryptocurrency exchange platform Gemini has launched an alluring initiative, offering its verified customers a chance to win a daily total of 4,000 XRP tokens. To be eligible for the giveaway, users must have provided their email addresses. Lucky winners can take home a substantial sum of 20 XRP tokens each day, as long as supplies last. With this initiative, Gemini aims to draw more users to its platform and encourage its existing customers to trade daily.
Binance Labs’ $5 Million Investment Boosts CRV Token Following Recent Setback
Binance Labs has committed to invest $5 million in the Curve DAO Token (CRV). It is the same token that is a factor behind the Curve decentralized exchange (DEX) on the Ethereum blockchain. Exploring potential deployment on Binance’s BNB chain is also a part of this collaboration for Curve, as was stated in the announcement blog post.
The Hacking and the Loss
According to the DefiLlama data. DEX has about $2.4 billion in total value locked (TVL), while Curve is a stable swap. Last month, a bit of DeFi luster rubbed off, because of the hacking of Curve, amounting to more than $70 million.
Binance Labs Backing Curve DAO Token with $5 Million Investment Is Just Beginning. Yi He, co-founder of Binance and head of Binance Labs which is the venture capital arm of the world’s largest crypto exchange by trading volume, said that Curve has contributed to the steady growth of the space in 2023 as a key protocol in DeFi.
Stating the facts straight, he said that the impact of recent events on the protocol is known and his firm Binance Labs has offered its full support to Curve through their investments and collaboration strategy. However, this is just the starting point and they are looking forward to working together and contributing to the growth of the DeFi ecosystem in the future as well.
The Curve DAO Token is used to exchange stablecoins and other supported coins and that makes it a utility coin of the Curve DeFi protocol. It can also be used for staking and governance purposes. After the Binance investment news came out, CRV rose 4.8% to 64 cents and later settled down at 61 cents.
Gemini Adds Support for the XRP Ledger and Opens Token Deposits!
Cryptocurrency exchange Gemini has announced its support for XRP Ledger (XRP), adding the blockchain to its growing list of supported networks. While only token deposits have been opened thus far, trading will soon be enabled. This news is a boost for the XRP community, as Gemini is known for its strict listing requirements, with many cryptocurrencies failing to meet its criteria. The move comes as XRP continues to gain momentum, having experienced a positive year despite legal challenges from the US Securities and Exchange Commission.
Africa Buying DigiToads (TOADS) As Token DeFies Odds & Soars
Surprisingly, the Kenyan government has boldly banned Worldcoin (WLD), a once-promising digital currency, within its borders. This move has sent shockwaves through the cryptocurrency market, prompting investors across Africa to seek alternative opportunities. Amid this turmoil, a new token, DigiToads (TOADS), has emerged as a captivating contender, defying conventional expectations and experiencing a remarkable surge in value.
TOADS stands out as a rapidly growing utility token that is gaining significant traction within the crypto space. The DeFi project known for its innovative approach to blending cryptocurrency with gaming and NFT staking. It has been attracting attention as it continues to flourish despite challenges faced by other tokens. The attraction towards TOADS encompasses its potential for financial prosperity and its unique avenues for generating passive income.
This article explores the rising popularity of TOADS as a promising token amidst challenges and examines the reason for the Worldcoin ban in Kenya.
DigiToads (TOADS): Beyond Meme Coins, Transforming DeFi with NFTs, Gaming, and Sustainability
The DigiToads DeFi project goes beyond a meme coin. It aims to positively impact many areas of life through innovative strategies, including NFT staking, P2E gaming, and environmental dedication. With the Worldcoin ban creating a market gap, the TOADS token stands out, drawing African investors looking for the best crypto to invest in for high growth potential.
The P2E gaming aspect of DigiToads has proven to be particularly enticing. The prospect of collecting, nurturing, and battling unique DigiToads and the opportunity to earn real rewards has resonated strongly with the African investor community. The use of TOADS tokens within the game to enhance the strength and abilities of DigiToads adds a layer of engagement and competitiveness that aligns well with the aspirations of African gamers.
NFT staking has further solidified DigiToads’ reputation as a token with a difference. The platform’s dedication to rewarding its community members is evident through allocating 2% of every TOADS transaction to the staking pool. This commitment ensures consistent and attractive rewards for NFT holders actively participating in the staking process. As top NFT stakers contribute to the longevity of the ecosystem, they reap the benefits of their commitment.
The introduction of monthly trading competitions, coupled with the captivating reward of a Platinum TOADS and the opportunity to influence the TOADS treasury, has sparked interest among African traders. The potential to not only participate in the growth of the treasury. However, earning a share of trading profits also adds a layer of financial motivation. That resonates in a region where resourcefulness and entrepreneurship are highly regarded.
As DigiToads strives to soar higher, its pledge to environmental stewardship shines brightly. A commendable 2.5% of profits from the DigiToads project are channelled towards charities dedicated to reforestation and rainforest preservation. This commitment resonates deeply, intertwining sustainability with innovation.
Worldcoin (WLD): Innovative Universal Income Distributor Faces Setback with Kenyan Ban
Worldcoin, is a prominent cryptocurrency. It has garnered considerable attention on the global stage for its innovative approach to universal primary income distribution. WLD aims to address economic disparities and empower underserved populations by providing free digital currency to every eligible individual worldwide. Its unique use of biometric identification during the onboarding process ensures that each recipient is a natural person, helping to prevent fraudulent activity.
Despite its noble intentions, Worldcoin has faced scrutiny and challenges in various regions. The recent developments in Kenya bring the cryptocurrency’s future into question. The decision to ban WLD in Kenya stemmed from concerns over its potential impact on the local economy and financial stability. Authorities raised issues about the lack of regulatory oversight and the potential for money laundering and tax evasion.
Summary
As Worldcoin faces challenges, DigiToads stands strong, attracting investors from Africa who recognize its potential. DigiToads’ multi-faceted approach, ranging from P2E gaming to top NFT staking and environmentally conscious initiatives, positions it as an attractive option in the face of adversity. As more investors from Africa embrace TOADS, the token’s defiance of odds and its soaring trajectory illustrates its potential to significantly impact the region’s financial landscape. TOADS is currently in its last presale stage, and investors can seize this opportunity to buy TOADS tokens using various crypto coins like USDT, BTC, and ETH.
Sino Global Files a $67 Million Claim Against FTX-Alameda for Token Losses!
The post Sino Global Files a $67 Million Claim Against FTX-Alameda for Token Losses! appeared first on Coinpedia Fintech News
Sino Global Capital, a Chinese investment firm, has filed a $67 million claim against FTX-Alameda for token losses and a partnered fund. The claim alleges that FTX-Alameda breached its fiduciary duty to Sino Global by investing in risky ventures and failing to safeguard the funds. Sino Global claims that it lost substantial amounts of money due to FTX-Alameda’s actions and is seeking compensation for damages. Regulators and investors demanding greater transparency and accountability in the cryptocurrency industry are indicating yet another indication of the increasing scrutiny faced by cryptocurrency firms.
Binance Enters Japan and launches Binance Japan with the Astar token listed!
Binance, a prominent cryptocurrency exchange, has made its official entry into the Japanese market with the launch of its subsidiary, Binance Japan. This move is in line with the company’s growth strategy and aligns with Astar Network’s goals. Binance Japan has set a new record by offering access to 34 virtual currencies, surpassing other local exchanges in Japan. This wide range of options is expected to attract a diverse group of investors and traders in the country. CZ, the CEO of Binance, has praised Japan’s progressive approach to the Web3 regulatory environment. The recent listing of Astar’s native token, ASTR, on Binance Japan is expected to contribute to its success.
Elon Musk Denies “X” Token Plans, Sends Dogecoin Price Soaring
In a surprising and categorical announcement, tech visionary Elon Musk put to rest speculations about his company “X” venturing into the world of digital currencies. Despite recent debates within the crypto community and claims of fraudulent tokens linked to “X” and Twitter, Musk took to Twitter himself to clarify that his company has no intentions of creating a cryptocurrency token now or in the future, asserting, “And we never will.”
Related: The Death of Twitter? Musk’s Rebranding Could Wipe Out $20 Billion in Brand Value
Dogecoin (DOGE) to the Moon!
The news had an immediate and significant impact on the price of Dogecoin (DOGE), the internet meme-inspired cryptocurrency that has often been under Musk’s spotlight. Within just one hour after Musk’s tweet, DOGE experienced a rapid 2% surge, indicating a strong bullish sentiment among investors.
Presently, Dogecoin is trading at $0.0752, showing a promising 2.7% increase in the last 24 hours. Throughout this period, the token’s price fluctuated between $0.0727 and $0.0747, showcasing a resilient trading range. Despite a slight dip in trading volume by 10% in the past 24 hours, the positive sentiment surrounding Dogecoin continues to bolster its value.
Expert Predictions
Michael van de Poppe, a respected analyst in the crypto space, remains bullish on Dogecoin’s short-term prospects. He foresees a rally in the coming weeks, with the token’s price potentially moving towards the $0.1 mark.
Read More: Summer Showstopper: Dogecoin Steals the Spotlight with 10% Jump!
Elon Musk’s tweets have been known to wield significant influence over cryptocurrency prices and popularity, and this recent confirmation that “X” will not launch a crypto token has further sparked optimism among DOGE investors. Musk’s stance serves to reaffirm the credibility of the cryptocurrency space, especially when it comes to potential scam tokens trying to capitalize on the tech mogul’s name.
Binance Japan to Launch in August with 34 Token Offerings and BNB Listing!
Binance, the leading cryptocurrency exchange, is set to launch its Japan branch in August. The business will start with 34 token offerings and Binance Coin (BNB) listing. Binance Japan will offer a variety of services, including spot trading, margin trading, and staking. The platform will also comply with local regulations and collaborate with local institutions to ensure the safety and security of its users’ funds. The expansion into Japan is a strategic move for Binance, as the country is known for its high adoption and active trading of cryptocurrencies. Binance Japan hopes to capture a significant market share and become a major player in the Japanese crypto industry.