Pepe Coin (PEPE) has emerged as one of the most celebrated meme coins in 2023, where enthusiasts far and wide view it as the next big crypto coin in the meme-sphere. Its successful track record has sparked a meme season, with newer coins following suit, aiming to replicate its ripples to the top. Within the depths of this meme frenzy, a new contender has emerged: Scorpion Casino Token (SCORP). While fundamentally different from Pepe Coin, SCORP token seeks to adopt the strategies that have propelled the coin to success. Let’s explore how SCORP aims to achieve its goals.
Pepe Coin Ignites the Meme Crypto Craze
Pepe Coin, which was launched in April 2023, is a hilarious and charismatic cryptocurrency that has sparked a frenzy, causing ripples throughout the meme and altcoin markets. Captivating the crypto-verse with its undeniable charm and meme-tastic potential, PEPE amassed a remarkable feat: a $1 billion market capitalization in just three weeks! If you’re here, you must be no stranger to the power of memes, and Pepe Coin has embraced that culture with open arms.
It’s time to roll the dice and unlock a world of fun and fortune with Scorpion Casino Token! The SCORP token has arrived on the scene, combining the best of gaming and online betting to offer an unparalleled experience. With its arsenal of high-stakes bets, jaw-dropping casino games, and a vibrant community of fellow thrill-seekers, all powered by the magic of blockchain technology, SCORP is set to revolutionize both the gaming and betting industries.
Pepe Coin and Scorpion Casino Token are two distinct cryptocurrencies that cater to different markets and have unique objectives. Jump right into their characteristics to understand their differences!
Concept and Purpose
Pepe Coin is inspired by the infamous “Pepe the Frog” meme culture. With meme-driven social media campaigns and awe-inspiring crypto community management, PEPE quickly captured the hearts of meme fans. It even touts an ever-supportive Pepe Army that never failed to rally behind the coin.
Scorpion Casino Token, on the other hand, specifically hopes to revolutionize the online betting industry via the elimination of traditional barriers to entry. It powers the Scorpion ecosystem, which provides a licensed, transparent, and provably fair platform for online gambling.
Market Capitalization and Success
PEPE has undeniably captivated the trading world, with its market cap swiftly surpassing $1 billion and cementing its status as “the next big crypto coin.” Its track record, without a doubt, speaks for itself.
As a relatively new project, SCORP is still in the process of establishing its market capitalization and measuring its success. Yet, its presale journey has also been a massive feat: it hit the hard cap of 500K and inching closer to its presale goal!
Ecosystem and Use Cases
Scorpion Casino Token aims to create a comprehensive ecosystem for online gambling. Its ecosystem boasts a diverse range of betting opportunities, casino games, and live games. It even offers various benefits, such as serving as the primary payment method, enabling passive staking income, granting bonuses and rewards, and facilitating participation in the affiliate reward system.
In contrast, PEPE lacks a well-developed ecosystem with practical use cases. It’s scarce when it comes to user-centric applications or avenues for institutional investor participation. The value of PEPE primarily relies on meme culture and speculative trading.
To conclude, Pepe Coin and Scorpion Casino Token have inarguably both beckoned massive crypto signals. Momentarily, Pepe Coin’s eye-popping track record has ranked it as a strong contender for the title of the “next big crypto coin.” Yet, let’s not overlook the unique utility and long-term sustainability that Scorpion Casino Token brings to the table. While PEPE currently owns the limelight, SCORP can very well make a lasting impact. Its presence in the online gambling industry, with its exciting features and transparent ecosystem, sets it apart.
More on SCORP below:
Ripple is on a winning spree. Scoring a clear licensing in Singapore within four months is commendable. Ripple’s interest outside the US is clear that they won’t allow the SEC to suppress this growing industry. Ripple got the in-principle approval in June, and its subsidiary, Ripple Markets APAC Pte Ltd, has now received formal licensing as a significant payments institution from the Monetary Authority of Singapore. This marks a crucial step forward for Ripple’s operations in the dynamic Asia Pacific region.
We have seen how effectively and collaboratively Singapore is dealing with crypto. One of the robust fintech ecosystems is a global hub for digital innovation in finance. It strikes a commendable balance between fostering innovative technology, protecting user interest, and ensuring sustainable growth.
“We have hired exceptional talent and local leadership, doubling headcount over the past year and plan to continue growing our presence in a progressive jurisdiction like Singapore,” CEO Brad Garlinghouse said.”
Looking at Ripple’s business activities, approximately 90% occur outside the United States. This underlines the global nature of Ripple’s operations and the importance of securing licenses and approvals in key international financial centers.
The second most exciting thing with Ripple was that a federal judge ruled against the SEC’s attempt to appeal certain aspects of the case. This development sets the stage for a crucial trial in April, which will play a decisive role in determining Ripple’s operational status within the U.S.
Others Chips In To Revolt SEC’s Crypto-Killing Attitude in The US
Ripple’s newly acquired license in Singapore enables the company to offer digital payment token services. This license aligns Ripple with 14 other entities that have received a similar authorization from the Monetary Authority of Singapore (MAS). Notable among these are the local branches of prominent cryptocurrency exchanges like Coinbase, Independent Reserve, and Blockchain.com. Singapore’s commitment to fostering fintech and digital asset growth has attracted these industry leaders to its shores.
Crypto firms like Coinbase and Ripple have objected to the U.S. for unclear crypto regulations and threatened to go to the Supreme Court, or they may leave the U.S. Joining the wagon, Coinbase got its license in Singapore after in-principle-approval a year ago.
With licenses in strategic jurisdictions like Singapore and continued legal progress in the U.S., Ripple is positioning itself for further growth and influence in digital payments.
The largest centralized cryptocurrency exchange in South Korea, Upbit, has apparently temporarily stopped deposits and withdrawals after mistaking a phony Aptos (APT) token for a real one.
Official Announcement –
According to an official announcement released on Upbit’s Customer Service Centre webpage, the freeze was initiated on Sunday after Upbit identified an “abnormal deposit attempt” while keeping track of APT movements into and out of its wallet system.
What Went Wrong –
Although account services have been resumed after the suspension, Upbit has issued a warning to the customers that there’s a possibility of price variations when engaging with other exchanges through Upbit. Different cryptocurrency exchanges can show price variations on the same cryptocurrency. Since Upbit has now frozen its transaction system, the syncing can be delayed, and price differences of the same cryptocurrency may vary between exchanges.
As per Upbit’s announcement, Upbit has clearly stated that there may be a severe or drastic price change when APT deposits and withdrawals are resumed. The firm asked the customers to pay “special attention” to the price variations with other exchanges till the time APT transactions are frozen in Upbit.
What Others Had to Say –
Twitter user Definalist criticized the incident. Beginning his X post with “Amazing Korean exchange upbit incident today”. In his post, Definalist speaks of the root of Upbit’s issue that arose because of a blunderous system flaw that misinterpreted a set of airdropped scam tokens as real ATP. According to the user, the only explanation is that Upbit’s wallet system just examined the kind and data and handled deposits and withdrawals.
Definalist claimed that had the con developers written the code to add two more decimals and increase the amount of airdropped to $25,000 per token instead of about $250, the affected accounts might have been much worse. He says that if the fraudulent token contained an 8th decimal place, all users would have received $25,000 instead of $250, which would have caused thousands of users to sell $25,000 worth of APT.
According to an investigation by MingMingBBS that was posted by the Twitter account Definalist, UpBit’s system reportedly mistakenly detected the fake tokens as real ones due to a typo in the code.
According to Coingecko data, the APT token currently ranks 38th in terms of market capitalization with a little over $1.2 billion and daily trading volumes of over $107 million.
XDC Network (XDC), Conflux (CFX) and Tradecurve Markets (TCRV) – Top Three Tokens Below $1 According to ChatGPT
XDC Network (XDC), Conflux (CFX), and Tradecurve Markets (TCRV) – are three hidden gems that can potentially bring the most value to your portfolio. ChatGPT says it’s not always about chasing the most expensive tokens. Sometimes, the ones under $1 can soar the highest. For this reason, this article will explore what makes these tokens above so appealing.
- XDC Network to support Ledger wallets
- Conflux price prediction
- Tradecurve Markets to experience 100x growth after its launch
XDC Network (XDC): New Developments
XDC Network (XDC) is a blockchain platform for businesses and enterprises. It aims to provide efficient, secure, and scalable global trade and finance solutions. The XDC coin plays a pivotal role in the ecosystem. It facilitates seamless cross-border transactions, smart contract executions, and more.
ChatGPT took notice of a recent milestone for XDC – its ongoing efforts to support Ledger wallets on its dApps. This development aims to enhance the security and management of XDC domains, making them more appealing to users and potentially driving further adoption.
With XDC trading at an affordable price point, it’s no wonder it’s a promising choice for those looking to explore the enterprise blockchain world. Due to all these reasons, experts remain optimistic that the XDC price will surge to $0.093 by December 2023.
>>Register For The Tradecurve Markets Presale<<
Conflux (CFX): Completes Hard Fork
Conflux (CFX) has earned its place as a promising token below $1, as acknowledged by ChatGPT. Often referred to as the “Chinese Bitcoin,” the Conflux crypto recently marked a significant milestone by completing its highly anticipated hard fork upgrade. The network’s stability post-upgrade highlights the maturity of the Conflux ecosystem.
Moreover, it’s important to note that Conflux has demonstrated substantial growth, with a remarkable 100% increase in its price over the past year. This impressive performance has caught the attention of analysts and ChatGPT as well.
As a result, market analysts are bullish for the Conflux price as they forecast it to sit between $0.21 and $0.23 within Q4 of 2023.
Tradecurve Markets (TCRV): A Groundbreaking Trading Platform
Tradecurve Markets (TCRV) is a project that’s been making waves in online trading. As per ChatGPT, it tackles various issues that traders commonly face and introduces innovative solutions.
For example, unlike popular trading platforms, which demand sign-up KYC checks that are very intrusive, Tradecurve Markets will not. As a result, it will allow users to create an account using an email only, link it to a crypto wallet, and use tokens as collateral. Thus granting traders more autonomy over their accounts.
Furthermore, regulatory hurdles make access to advanced trading tools and highly leveraged products difficult. However, Tradecurve Markets offers access to AI-driven trading bots and high leverage starting at 500:1. This inclusivity caters to novice and experienced traders.
With an ongoing presale, TCRV has already raised $5.8M, onboarded 18,000 users, and provided early buyers a 150% ROI. Experts anticipate substantial growth, and the token’s price, currently only $0.025, could see significant increases as it progresses through its presale stages. Experts foresee a 100x jump after its launch and Tier-1 CEX listing.
For more information about the Tradecurve Markets (TCRV) presale:
Optimism, a layer-2 scaling solution for Ethereum, has revealed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes, worth $159 million at current prices. However, the sale is unlikely to have a material impact on the price of OP tokens, as they are being sourced from the unallocated portion of the OP token treasury and are subject to a two-year lock-up period. This also means buyers are unable to sell them in secondary markets but can delegate them to third parties for governance purposes. The sale comes shortly after Optimism’s third airdrop of 19.4 million OP tokens.
The post OKX Sets a New Record: Burns 6.14 Million OKB Tokens in the 21st Repurchase! appeared first on Coinpedia Fintech News
Crypto exchange OKX has conducted its 21st repurchase and burning of its native token OKB, with approximately 6.14 million tokens burned, worth around $255 million. This has set a new record for the value of OKB burned. OKX had previously stated that the token would be burned based on seasonal market and operating performance but had not disclosed specific rules around the process. The exchange has been regularly burning OKB since May 2019 as part of its efforts to increase the token’s value and stabilize its market.
Ripple Labs, led by CEO Brad Garlinghouse, has transferred totaling 132 million XRP in the past 24 hours. Notable crypto transaction monitor, Whale Alert, spotlighted these moves, igniting a frenzy of speculation within industry chat rooms. While the larger transfer, involving 100 million XRP, appears to circulate within Ripple’s wallets, a substantial sum of 32 million XRP found its way to the Bitstamp exchange.
The Tale of the 132 Million XRP Transfers
The crypto watchdog, Whale Alert, blew the whistle on two colossal XRP transactions that had community chat rooms humming with theories faster than you can say “blockchain.” Ripple Labs initiated a mammoth 100 million XRP transfer to an anonymous address, only for the XRP to make a U-turn back into another of Ripple’s own wallets. To add to the saga, 32 million XRP were sent directly to the Bitstamp exchange.
The community, predictably, has its eyebrows raised and asked questions. One comment struck a particularly resonant chord, asking, “Do I smell settlement?” only to receive a counter-reply, “No, you smell sell-off.” For those keeping track, XRP’s price slipped to $0.4732 after these moves, casting a slight pall over the crypto.
Institutional Play: A Gamble or Long-Term Strategy?
Meanwhile, CoinShares’ recent weekly report revealed a $0.7 million inflow into XRP-based products from institutional investors—echoing the inflow seen over the past month. Are the big guns looking past Ripple’s current courtroom battles, seeing a long-term golden goose? Or is this a risky gamble that could backfire?
Acquisition and Responsibility: The Fortress Trust Move
Adding another layer of complexity, Ripple announced its acquisition of blockchain startup Fortress Trust, even taking on the liability of a recent security incident impacting the latter’s customer base. While many in the industry applaud the acquisition as a sign of Ripple’s maturity, questions about its financing remain. Some community members ponder whether the firm leveraged its XRP holdings to underwrite the deal—a move that could signal a complex financial strategy or stoke further skepticism.
As Ripple and its flagship cryptocurrency, XRP, stand at a crossroads, one thing is clear: The decisions being made today will have a far-reaching impact on the crypto-landscape of tomorrow.
The estate of crypto exchange FTX, which recently filed for bankruptcy, has accumulated approximately $7 billion in assets, including $1.16 billion in SOL tokens and $560 million in BTC, as per a court filing on Monday. With the staggering figures obtained by the estate, it is expected to pay back its creditors handsomely. The precise cause of the bankruptcy remains unknown, but it has been reported that FTX was affected by a mining ban imposed in China earlier this year.
Chimpzee contributes its blaze of charity and conservation in the digital wilderness of the blockchain world.
In the heart of the crypto jungle, where the digital vines of blockchain intertwine, Chimpzee ($CHMPZ) has set the forest alight once more. In a breathtaking move, this Web 3.0 project has decided to ignite a fiery spectacle, burning 25 billion tokens and reducing its total supply to a mere 64 billion. But this is not just a token burn. It is a powerful statement echoing through the canopy of cryptocurrency.
Deep Forest’s Charitable Guardian
Chimpzee, the guardian of the crypto jungle, has been a torchbearer of charity and conservation since its inception. Its mission goes beyond financial gains, weaving a tapestry of goodwill through the digital wilderness. Every token burned signifies a commitment to making the world a better place.
In the crypto world, where speculation often overshadows substance, Chimpzee’s roar is a reminder that cryptocurrencies can be a force for positive change. This is not just a marketing trick. It is a sanctuary for altruism.
Ablaze with Purpose
As the 25 billion tokens vanish into the digital inferno, Chimpzee’s purpose shines brighter than ever. This burning act is not about destruction. It is about focus and dedication. It is a symbolic cleansing, stripping away excess to reveal the core values that drive this project forward.
Like a controlled burn in a real forest, Chimpzee’s token burn is carefully orchestrated. It maintains a healthy ecosystem, ensuring resources are directed toward its mission – preserving the environment and supporting charitable causes.
Nature’s Cry for Conservation
Chimpzee’s actions resonate with nature’s cry for conservation. It calls to protect endangered species, restore dwindling habitats, and combat climate change. In the vast digital wilderness, Chimpzee’s mission mirrors the fight to save the Amazon rainforest or protect the last black jaguars.
With a reduced token supply, each $CHMPZ becomes more valuable, echoing the fragile balance of nature. It is a reminder that scarcity can lead to strength in the world of cryptocurrencies, just as the rarity of a species can make it resilient.
Haven for Passive Income Seekers
Amid this crypto jungle, Chimpzee provides a haven for passive income seekers. Much like the symbiotic relationships between species in the wild, Chimpzee’s ecosystem offers multiple avenues for its community to thrive.
Shop2Earn: Trading Post in Rainforest
The Chimp Shop, nestled in the heart of Chimpzee’s rainforest, beckons users with purchase rewards. In this bustling trading post, shoppers can earn $CHMPZ tokens on every purchase.. It is a thriving marketplace where every transaction benefits the forest’s inhabitants.
Trade2Earn: NFT Bazaar Amidst Vines
In a lush corner of the rainforest, the NFT Marketplace flourishes. Here, traders discover a treasure trove of environmentally-focused NFTs. A portion of the trading fees gets shared by active users of the marketplace, and NFT holders receive a larger share., It is a digital bazaar where the beauty of art and conservation meet.
Play2Earn: Thrilling Playground
The Zero Tolerance Game awaits in the dense undergrowth of the crypto jungle. Gamers venture deep into this thrilling playground, earning tokens as they conquer challenges and reach milestones. It is a reminder that the jungle is not just a place of quiet contemplation. It is filled with excitement and adventure.
Enigmatic NFT Passports
Hidden within the foliage, the Chimpzee NFT Passports unlock the rainforest’s secrets. There are four tiers: Diamond, Gold, Silver, and Bronze. These NFT Passports open doors to the maximum potential of passive income within Chimpzee’s ecosystem. Each passport is like a map leading deeper into the forest, promising greater rewards for the brave souls who hold them and providing a clear advantage over the rest.
Lush Future of Chimpzee
As Chimpzee’s token supply burns, the rainforest’s future becomes even more lush. Chimpzee reinforces its commitment to charity, conservation, and community with each reduction. It signals to the crypto world that meaningful change is possible when passion and purpose align.
Chimpzee’s fiery roar, as 25 billion tokens vanish into the digital ether is a testament to the crypto jungle’s potential for good. It is a reminder that in this vast and often unpredictable landscape, there are those who choose to make a lasting impact. So, step into the jungle, join Chimpzee’s cause, and witness a crypto project that is not just about financial gains but a true force for positive change.
The crypto markets are becoming uninteresting nowadays, as the majority of tokens are lagging in variation. Considering Bitcoin, after the drop from levels above $28,000, the price remains stuck below $25,800. Besides, altcoins like Ethereum, XRP, Cardano, Solana, Polygon, etc. have been sustaining above the crucial support. This suggests they are accumulating strength to trigger a healthy upswing soon.
The BTC price is stuck within a range in the hourly chart, displaying fewer price variations. The Bollinger bands are getting squeezed, which compels the price to fluctuate with bigger margins. It may not be in favour of the bulls, but the trend reversal in the RSI keeps the hopes alive. Even if the price triggers a healthy upswing, the trend could remain under bearish influence below $26,300.
Hence, the traders may remain stuck as the current trade setup displays the possibility of a bull trap, as the BTC price could face yet another rejection at these levels. However, the current pullback may prevail for long as the star crypto appears to be on its way to marking the lows of the 2022 bear market. A popular analyst, Moustache, believes the BTC price may drop to as low as $12,000 as the altcoins are displaying huge momentum.
“Friendly reminder that the Altcoin Season Index shows that altcoins are moving at the same level as in 2019/2020.
That was the time when the foundation for 100x gains was laid.
Have fun waiting for 12K Bitcoin,”
In a rare move, the Vitalik address has sold 500 Maker (MKR) tokens for 350 Ethereum (ETH) through CoWswap, marking the first time the address has sold MKR in two years. Following the sale, the ETH was transferred to another address, which now holds assets worth over 1 million USD, including 415.76 ETH. The sudden transaction has gained the attention of the crypto community, with some speculating on the reasons behind the sale. When Vitalik Buterin controls the Vitalik address for Ethereum, people pay close attention to any actions taken by founder.
FTX cryptocurrency exchange has reportedly transferred over $10 million worth of tokens from the Solana blockchain to Ethereum using Wormhole, a bridge that enables the interoperability of different blockchains. The tokens transferred contain popular decentralized finance (DeFi) coins LINK, SUSHI, LUNA, and YFI. FTX’s cold wallet transfer marks a significant move towards the integration of different blockchain networks, ultimately making it easier and more seamless for users to move their digital assets between platforms.
The crypto market is getting hot again! Leading cryptocurrencies have made the investors a ton of money so far, but experts are pointing to an exciting new altcoin that might soon compete with the best – Sensei Inu (SINU). But what is Sensei Inu exactly and why is the SINU community growing so quickly?
PEPE made the news by becoming one of the most successful meme coins of all time, and BTC has almost doubled in price since the beginning of the year. If you missed both of these opportunities to make money with crypto in 2023, don’t worry – Sensei Inu might be an even better investment!
Sensei Inu: Disrupting the Blockchain Ecosystem With Proof of Value
What if you could earn crypto easily just by answering a few simple questions about cryptocurrency and blockchain?
Sensei Inu makes that possible.
Sensei Inu is an Ethereum-based project that utilizes the groundbreaking Proof of Value consensus mechanism. The fundamental idea behind Proof of Value is simply: you get rewarded for your knowledge and skills with crypto!
Sensei Inu presents the crypto community with the opportunity to participate in engaging crypto-themed trivia games on desktop and mobile devices. All you have to do is answer some simple questions, such as “which cryptocurrency is often referred to as digital gold?”
If the answer to this question seems obvious to you, you’re in luck – it means you can earn crypto with Sensei Inu easier than ever before. But how do the Sensei Inu trivia games work in practice?
Sensei Crypto Trivia: Learn and Earn
The rules of Sensei Crypto Trivia are very easy to understand. The trivia game involves 10 progressively challenging questions. You start with a question that even a complete crypto beginner will be able to understand, and you move to increasingly harder ones as you progress.
Each month, you can compete in multiple rounds of Sensei Crypto Trivia to amass as many points as you can and make it to the top 10 high score list. If you manage to do that, you will receive huge rewards, including free crypto!
Here’s the best part: even if you don’t make into the top 10, you will still be rewarded. Everyone who takes part in the Sensei Crypto Trivia will be rewarded with some SINU tokens.
The Proof of Value consensus mechanism is a revolutionary idea, and one that will definitely make the Sensei Inu community grow super fast. The experts are saying that SINU will be the next PEPE, and the Sensei Inu presale proves it – it has managed to raise over $250,000 in just one week! If you’d like to know how to join this vibrant and quickly growing meme coin community, visit the Sensei Inu social media channels:
Website: Sensei Inu Presale
Telegram #1: Telegram Group
Telegram #2: Telegram Announcements
Twitter: Sensei Inu Twitter
There has been a massive downturn in the crypto market recently with Stellar (XLM) and Axie Infinity (AXS) among the tokens affected. The decline in the price of the tokens has made investors search for alternative projects that guarantee high ROI. On the other hand, Pomerdoge has attracted top investors with its unique offerings.
Can Stellar (XLM) See a Resurgence?
In the past weeks, the Stellar (XLM) token has been experiencing extended bearishness in price value. Stellar price dropped by 15% within the last 30 days. So far, there are no signs of the token pulling a reversal.
However, analysts are not expecting the XLM token to go below the $0.10 support level. Crypto price prediction platforms such as Bitnation project the token price to reach $0.18 before the end of the year. For now, Stellar is not doing great in the crypto market and a look at viable investment alternatives is on the cards for investors.
There are also other opinions that the token could rally soon if the Stellar Development Foundation’s smart contract platform, Soroban launch is successful. Soroban is nearing its official mainnet launch after being on the public preview releases for over a year. The launch will increase the token’s use cause, which might lead to a price increase.
Stats are not looking good for Axie Infinity (AXS) as the token continues its downtrend in the crypto market. Since the beginning of August, Axie Infinity has not been able to hit the $5 benchmark.
While the token’s bearish movement continues, there are fears that the token might fall below the $4 support level. However, experts believe Axie Infinity won’t reach that worst-case scenario.
According to a forecast by Changelly, the Axie Infinity token will trade above $6 in September. While waiting for a resurgence, most investors are moving to alternative crypto projects that guarantee profits.
Pomerdoge (POMD) Welcomes New Batch of Investors Into Their Project
Following the extended bearishness of both Axie Infinity and Stellar, investors from these projects have identified Pomerdoge as a fast-rising project with high growth potential. This is in view of the surging reputation of Pomerdoge as the token maintains steady growth despite the general market downturn.
Pomerdoge is a P2E gaming platform with an innovative environment to connect gamers across the globe. Individuals can also network on the platform while they compete. Pomerdoge consists of the Pomerdoge marketplace (Pomerplace), where users can sell, trade or buy in-game items.
There is also the Pomerdoge gaming platform (Pomergame), where revenue earned will be shared among presale investors. The platform will also have a 7,777 NFTs collection that will be available only to presale buyers.
Due to its growing potential, the Pomerdoge token is already taking the crypto market by storm. At only $0.009, you can buy the POMD token and position yourself for massive ROI in future. Pomerdoge will look to dethrone already-established meme coins like Shiba Inu, Dogecoin, and Pepe at the current price trajectory.
Also, the token’s liquidity will be locked for life. The project has passed its audit carried out by SolidProof and Cyberscope auditors.
Find out more about the Pomerdoge (POMD) Presale Today
Telegram Community: https://t.me/pomerdoge
PEPE, a known memecoin project, has blamed three of its co-founders of stealing 16 trillion of its meme tokens from the multi-signature wallet, causing the outflow of around $15 million. The co-founders in question dragged themselves from the wallet after transferring the tokens. Since then, the tokens left in the wallet have been transferred to a new address. The remaining founder apologized for the actions of the former team members and stated that the project was free of immoral workers. The announcement led to an 11% hike in the price of PEPE tokens.
MakerDAO founder Rune Christensen has been observed transforming 200,000 DAI tokens into 197.5 MKR tokens. The transactions were monitored by Spot On Chain and were done at an average price of $1,013, approximately 21 and 12 hours ago. The move is seen as a show of confidence in MKR, which is currently trading at $938. MakerDAO is a decentralized lending platform that allows users to borrow DAI stablecoins against the collateral of cryptocurrencies like ETH and BAT. The platform has acquired traction in recent years due to its unique approach to stablecoins and decentralized finance.
The post Friend.tech Renames Tokens in Bid to Avoid SEC Scrutiny! appeared first on Coinpedia Fintech News
Social networking platform Friend.tech has changed the name of its tokens from Shares to Keys in a bid to avoid regulatory scrutiny from the Securities and Exchange Commission (SEC) over securities regulations. Friend.tech rewards its users for their contributions, but it is marketing and distributing the tokens that could see it fall under the security regulations. While renaming the tokens may help the platform avoid regulatory attention, it does not guarantee exemption from securities regulations.
Binance, a major cryptocurrency exchange, is allowing users to convert three old tokens that are no longer available for trading on its platform. Eligible users can now swap KNCL, ANTOLD and XDATA with the newly created tokens KNC, ANT and DATA respectively. The conversion rate is 1:1 with deposits and withdrawals for the old tokens no longer available. Binance will complete the conversion process by August 31, 2023. This move is expected to simplify the trading experience for users on the exchange.
In a recent exit scam in the DeFi space, a fraudulent version of the Friend Tech token was used to steal 135 ETH, or $226.5k, from unsuspecting investors. This incident follows a slew of 12 scams that occurred in just seven days, causing over $11 million in total losses for the community. It highlights the need for greater caution and due diligence when investing in the unregulated world of DeFi.
Cryptocurrencies that faced legal actions from the U.S. Securities and Exchange Commission (SEC) are displaying a bounce-back as their trading volumes rise. Financial analyst Kyle Doane spoke to Bloomberg about this notable trend.
Approximately 19 tokens, deemed unregistered securities by the SEC during the legal battle involving Binance and Coinbase Global in June, have witnessed heightened trading activity despite a 20% collective market value loss post-lawsuit. These tokens now contribute to 13% of the total trading volume.
Tokens Thrive Despite Setbacks:
Despite delistings on platforms like Bakkt, Robinhood Markets, and Bitstamp, these tokens are actively traded on other exchanges. This turnaround has sparked renewed interest, partially due to traders seeking greater price volatility compared to the steadier Bitcoin market.
The recent volatility stemming from the court ruling on Ripple Labs’s XRP classification has complicated perceptions of these tokens. Traders appear to be using the SEC-labeled tokens as indicators of regulatory clarity within the cryptocurrency realm.
Following the initial market turbulence after the SEC lawsuit, several tokens have already rebounded. Notably, SOL, the native token of the Solana blockchain, has regained 11% of its value after initially plummeting by 35%. However, other tokens like ADA, the native token of the Cardano blockchain, remain down by approximately 20% since June 4.
Interestingly, the appeal of these tokens persists outside the United States, where exchanges continue to offer them. While U.S. exchanges account for just 10% of total crypto trading volume, international giants like Binance and Coinbase have refrained from delisting these tokens, contributing significantly to their ongoing trading activity.
Sei Labs has recently announced the launch of its layer 1 blockchain, Sei, which has now gone live on its mainnet. The platform’s native token, SEI, is now available for trading on leading exchanges such as Binance, Kraken, and Huobi. This development marks a significant milestone in Sei’s journey as a decentralized blockchain network, with Sei Labs aiming to provide a seamless and efficient blockchain infrastructure for developers and enterprises alike. With the launch of Sei’s mainnet, the network is now ready to handle transactions at scale, with enhanced security and privacy features.
Binance, the leading global exchange, is gearing up to list the native token of SEI Network, a groundbreaking layer 1 blockchain. This anticipated event is set to take place on August 15, and early indications suggest that SEI’s value could start at 26 cents immediately following its debut. This promising figure, as revealed by data from decentralized exchange Aevo’s pre-listing futures, has generated significant interest among traders.
SEI Network brings a unique perspective to the blockchain landscape, positioning itself as the first sector-specific Layer 1 blockchain that specializes in trading. This strategic focus aims to provide exchanges with a competitive edge that could potentially disrupt the status quo. As the crypto world evolves, the launch of SEI on Binance marks an exciting milestone, with the token expected to play a significant role in the market.
Aevo, with its innovative pre-listing futures market, introduced SEI contracts to traders, allowing them to speculate on the cryptocurrency’s post-listing price. This product serves as a valuable tool, akin to IOU futures found on select exchanges, enhancing price discovery and offering traders opportunities to take both long and short positions.
SEI Market Cap to Hit $500 Million?
The initial circulating supply of SEI upon its listing will be 1.8 billion, representing 18% of the total supply of 10 billion tokens, as confirmed by Binance. With a starting price of 26 cents, this valuation positions the cryptocurrency with a market capitalization of $486 million, securing its place among the top 100 cryptocurrencies.
Notably, SEI is currently not available for trading on any cryptocurrency exchange, as per Coingecko’s tracked data. As SEI enters the dynamic environment of Binance, the pre-listing futures mechanism will play a crucial role. These futures will reference the index price once the cryptocurrency goes live on the exchange. Moreover, the system will implement funding rates, ensuring that SEI’s prices remain aligned with the spot market value, providing a seamless experience for traders.
LFi, a leading player in the blockchain industry, is thrilled to introduce CloudX Minting, a revolutionary system for minting LFi tokens. This innovative technology is set to redefine the blockchain landscape and solidify LFi’s position as a pioneer in the industry.
CloudX Minting is a testament to LFi’s commitment to leveraging the power of blockchain technology to create secure, efficient, and user-friendly solutions. This proprietary development aligns with the company’s expansion plans in the blockchain space.
Democratizing Token Minting through Cloud Technology
“CloudX Minting is a game-changer in the world of blockchain,” said Luiz Góes, CEO of LFi. “It represents our vision for the future of blockchain technology, where minting tokens is seamless, efficient, and accessible to all.”
in addition, One of the key features of CloudX Minting is its integration with smartphones. Recognizing the ubiquity of smartphones in today’s digital age, LFi has designed CloudX Minting to be fully compatible with these devices, thereby enhancing the user experience.
“Smartphones are an integral part of our lives, and integrating CloudX Minting with these devices is a natural progression,” said Góes. “This integration not only enhances the user experience but also opens up new possibilities for the use of blockchain technology.”
Enhancing Blockchain Development and Growth
CloudX Minting also provides robust and efficient tools for minters. By making the minting process more efficient and secure, LFi aims to contribute to the growth and development of the blockchain ecosystem.
“Minters are the backbone of the blockchain ecosystem, and at LFi, we are committed to providing them with the tools they need to succeed,” said Góes. “CloudX Minting is a testament to this commitment.”
By introducing CloudX Minting, LFi is embarking on a journey of innovation and growth. The company is also excited about the future and looks forward to revolutionizing the blockchain industry.
Moreover, CloudX Minting represents a milestone expansion of LFi’s line of offerings, which includes its revolutionary token-minting smartphone. The LFi One, and its cutting-edge line of LFi Minting Machines. This innovation solidifies LFi’s role as a leading advocate for democratizing digital finance.
To know more about LFi, its founding philosophies, and its various product offerings, visit LFi.io. You can also stay up to date on the latest news and information about the company by following their socials.
LFi is a technology company that aims to empower the global fintech movement with new and innovative offerings that combine cutting-edge hardware with next-generation software. Leveraging the power of advanced computing and blockchain technology, LFi seeks to realize a future of financial independence through integrated products and solutions.
In the dynamic realm of cryptocurrency investments, the adage “early bird catches the worm” couldn’t hold truer. The presale stages of tokens are often the golden windows of opportunity that can lead to substantial gains for savvy investors. Today, we shed light on two exceptional tokens currently in their presale stages – the CONG token and the GALA2 token. These tokens are not only carving new paths in the world of investments but also redefining entire industries. Let’s explore why you should consider adding them to your portfolio before their official launches.
The CONG Token: Building a Diverse Investment Portfolio
The CONG token, a creation of The Conglomerate Capital, presents an investment landscape that merges traditional assets with the innovation of blockchain technology. This token is your ticket to a diversified portfolio that spans real estate holdings, tech startups, and much more. By investing in CONG during its presale stage, you’re stepping into an ecosystem that minimizes risks through diversity while maximizing the growth potential.
The presale phase of the CONG token is a moment of opportunity that allows you to get in early on a venture poised to disrupt the conventional investment models. Imagine owning a share in tangible assets powered by the efficiency and transparency of the blockchain. The presale stage provides you with a unique advantage, allowing you to acquire CONG tokens at a price that reflects their initial value, paving the way for potential gains as the project matures and its underlying assets appreciate in value.
The newly opened CONG token presale stage 15 will reach half its hard cap of USD 200,000 in just one day. It still provides investors with a minimal +5x return after launch due to the listing price of USD 0.5. Moreover, meanwhile, as investors wait for the listing, they can also stake their tokens with up to 59% APY plus compounding.
The GALA2 Token: Where Gaming Meets Investment
Enter the revolutionary realm of Gala Games 2 with the GALA2 token, a bridge between the vibrant world of gaming and the promising realm of investments. Building upon the success of its predecessor, Gala Games 2 sets to redefine the gaming landscape through blockchain integration and player empowerment.
The project is backed by former early investors of GALA original project, who decided to leave and redesign it for a new launch, focusing not only on gaming but more on investors’ returns.
Participating in the GALA2 token’s presale is not just about owning tokens; it’s about owning a piece of a paradigm shift. GALA2 token holders gain access to a portfolio of groundbreaking games inspired by classics, infused with the innovation of blockchain technology. Early adopters of GALA2 tokens position themselves at the forefront of a growing ecosystem where the value of their tokens is inherently tied to the success of the gaming experiences they enable.
Why Invest in Presales?
Investing in tokens during their presale stages offers a range of advantages that can’t be ignored. Firstly, you secure tokens at a discounted rate compared to their expected market value post-launch. This difference can lead to substantial returns as the project gains traction. Secondly, participating in a presale directly connects with the project’s journey. You become a part of its evolution, sharing in its growth and success.
By investing in the CONG and GALA2 tokens during their presale stages, you’re investing not just in tokens but in the future. The presale stage is a chance to be an early supporter of projects that are set to redefine industries, be it investments or gaming. It’s a chance to be part of a community that shapes the trajectory of these tokens and projects. Moreover, as these tokens transition from presale to full-scale launch, your early investment could yield significant dividends in increased token value and potential rewards.
The Time is Now
The world of cryptocurrency investments is both thrilling and unpredictable. Presale stages offer a fleeting window of opportunity but are potentially immensely rewarding. As you consider your investment portfolio, take a moment to explore the possibilities that CONG and GALA2 tokens offer during their presale stages. These tokens not only promise financial gains but also a chance to be part of projects that are pioneers of change.
Remember, the early bird catches the worm, but the early investor in presale tokens catches the future. Seize the opportunity today, and embark on a journey that could lead to remarkable gains and a stake in reshaping industries. Invest in CONG and GALA2 tokens now, and position yourself on the precipice of a new era of possibilities. The future is waiting; it’s time to invest in it.
Coinbase has recently filed a response challenging the Securities and Exchange Commission’s (SEC) claims that the transactions of the 12 tokens in question met the definition of “investment contracts” under the Howey test.
John Deaton took to his Twitter handle and pointed out that the SEC lacks the ability to claim that transactions involving the 12 tokens mentioned in the complaint, whether on Coinbase’s secondary market spot exchange or other secondary market exchanges through Coinbase Prime, carry specific rights.
According to Deaton, these transactions are merely asset sales, where both the buyer and seller fulfill their obligations at the time of the sale. He stressed that any uncertainty regarding this matter would be dismissed based on the major questions doctrine, showing deference to Congress’s authority to determine how to regulate and allocate power within the digital asset domain.
Coinbase in its recent filing said, “The transactions over Coinbase’s platform and Prime are not, and do not involve, contractual undertakings to deliver future value reflecting the income, profits, or assets of a business. They are commodity sales, with the obligations on both sides discharged entirely the moment the digital token is delivered in exchange for payment.”
The SEC’s lawsuit against Coinbase claimed that the exchange-traded at least 12 crypto assets that could be considered securities. Interestingly, it was reported that the initial recommendation by the agency included as many as 200 tokens that could have fallen under the category of securities.
In an era where the line between digital technology and real-world applications is increasingly blurring, the realm of AI start-ups presents a fascinating and potentially lucrative frontier for investors. Leading the charge is InQubeta, a revolutionary platform rapidly transforming the landscape of AI start-up investment. The fervour surrounding the platform’s unique offering is palpable, evidenced by the presale frenzy where over 250 million QUBE tokens have already been sold.
InQubeta: Democratizing AI Start-up Investment
The concept of investing in start-ups, especially those in the AI space, has traditionally been an exclusive arena dominated by industry giants and wealthy investors. InQubeta seeks to disrupt this paradigm by introducing fractional investment possibilities using QUBE tokens. This innovative approach creates an inclusive platform for anyone to contribute. Moreover, it also benefits from the vast potential of AI start-ups, irrespective of their financial state or industry connections.
As a result, the platform has created an investment ecosystem that is more democratic and accessible, attracting interest from a diverse group of investors. The unprecedented success of the presale phase is a significant result of an overwhelming number of tokens being quickly snapped up.
QUBE, InQubeta’s native deflationary ERC20 token, lies at the heart of this ecosystem. QUBE tokens are more than just a medium of investment. They represent faith in the growth potential of AI tech start-ups. Apart from being an attractive investment opportunity due to their deflationary nature, QUBE tokens also provide a unique mechanism for token holders to earn rewards through staking.
Moreover, the role of QUBE tokens extends beyond financial returns. As a governance token, they allow holders to participate in the platform’s decision-making processes actively. This includes the power to propose, discuss, and vote on various aspects of the platform’s development, operation, and future direction.
For many, InQubeta is a dream come true. It offers a gateway to a world of investment opportunities that were once considered out of reach. The platform’s approach to democratizing investment in AI start-ups not only supports the growth and success of these companies. However, it also contributes to the broader development of AI technology.
The tremendous response to the QUBE token presale reflects the significant trust and support the platform has garnered from the investor community. The staggering number of tokens sold signifies the platform’s wide reach and the high level of investor faith in its potential. For many, this represents the first steps into a larger world of AI technology investments.
Looking Forward: A Promising Future for InQubeta and Its Investors
The immense success of InQubeta’s ongoing presale indicates a promising future for the platform. With the launch of the NFT marketplace, InQubeta Swap, and InQubeta DAO in the roadmap, the prospects for QUBE token holders are even more exciting. The substantial presale turnout and the rising value of the QUBE token paint a picture of a potentially bright future. As dreams get bigger and the boundaries of AI start-up investment continue to be redefined. So, InQubeta stands poised to become a pivotal player in the industry.
In summary, InQubeta and similar platforms offer an exciting and accessible way to participate in the AI technology wave during the digital revolution. The platform’s rapid growth and the presale success suggest a strong start. Its promises a potentially exponential growth trajectory that will reshape the landscape of AI start-up investment.
Aave Chan Initiative, a delegate platform on Aave’s governance forum, has proposed that the DeFi protocol’s treasury acquire $2 million worth of Curve Tokens (CRV) from Curve founder Michael Egorov. This would result in 5 million CRV being locked up and turned into veCRV, which enables voting rights on the Curve platform and incentivizes Curve users to provide liquidity for token pairs that involve Aave’s stablecoin. However, some governance participants have expressed concerns that the proposal could increase Aave’s exposure to the risk of CRV liquidation. The proposal will need to pass a vote to be implemented.
Huobi co-founder Jun Du has purchased 10 million Curve (CRV) tokens for $4 million from the founder of Curve, Michael Egorov. Egorov is selling CRV tokens to strengthen his at-risk loan positions, mostly for borrowing stablecoins using CRV as collateral. Du confirmed the transaction and said that he has locked up the tokens for at least a year as veCRV. The Aave Chan Initiative has also proposed that the Aave Treasury should buy up to $2 million of CRV, which it may lock up as veCRV for up to four years. So far, Egorov has sold 72 million CRV tokens to various parties, including Tron founder Justin Sun, crypto trader DCFGod, and Mechanism Capital co-founder Andrew Kang.