According to a post on X, Alex Blania, the CEO and Sam Altman, the Co-founder of Tools For Humanity and lead developer of the Worldcoin project (WLD), engaged in a virtual meeting with representatives from Malaysia’s digital ministry.

Exciting discussions today as we met with Nordstar and its impressive lineup of portfolio companies including Nothing, Airwallex, and Worldcoin.

The meeting was attended by YB Tuan Gobind Singh Deo, Minister of Digital; YBrs. Tuan Ma Sivanesan, pic.twitter.com/GOpn6L6qmR

— Malaysia Digital Economy Corporation (@mymdec) April 23, 2024

The Malaysia Digital Economy Corporation shared photos of the meeting on X. The virtual meeting held last Friday, and Nordstar and its impressive lineup of portfolio companies, including Worldcoin, were all in attendance.

On Tuesday, Blania reposted Malaysia’s Prime Minister Anwar Ibrahim’s post and expressed gratitude to the Malaysian official. The aim for this meeting between the digital currency project’s main advocates and the Malaysian officials was to strengthen government ties while emphasizing their dedication to safeguarding user data and privacy concerns.

The project is actively collaborating with regulators and government officials to demonstrate its commitment. Worldcoin’s core idea is to assign digital identities to individuals, making it easier to differentiate between humans and AI-powered entities in the future.

The Tumultuous Record of Worldcoin

The digital currency project, which offers cryptocurrency (WLD tokens) in exchange for iris scans to create personal World IDs, suffered a temporary ban from Spain and Portugal last month and this required them to stop collecting personal data. Privacy concerns have been raised regarding the collection and management of biometric data by Worldcoin in different jurisdictions.

It seems Worldcoin has a knack for challenges as it has also experienced regulatory scrutiny after introducing WLD tokens to new signups which are mostly from the Global South.

Regulatory examination has also come from countries like Germany, France, UK, Argentina and Kenya. Just last month, the eyeball scanner project firm faced a regulatory probe from the South Korea’s Personal Information Protection Commission (PIPC) after receiving numerous complaints regarding the project’s handling of personal data.

Worldcoin making moves amid challenges 

Altman’s close association with the project has been the main reason why Worldcoin’s challenges have gained significant media attention.

He gained prominence as the CEO of OpenAI, the company behind the well-known AI platform ChatGPT. Behind the scenes at Worldcoin, some individuals were surprised by the early government focus on the project and felt unprepared to handle the increased interest and scrutiny. This information comes from a source familiar with the situation.

Interestingly, top government officials are still expressing interest in engaging with Worldcoin amidst the growing curiosity and concerns surrounding artificial intelligence, including issues like deepfakes.

Earlier this year, Tools for Humanity made a move to enhance its relationship with the government by appointing Trevor Traina, a former U.S. ambassador to Austria, as its head of global affairs.

Traina mentioned in an announcement made on the company’s blog that policymakers have numerous questions and as contributors to Worldcoin, it is their responsibility to meet those expectations and to ensure the project fulfills its mission safely.

New way of doing things 

Worldcoin has come up with new initiatives on how to go about its business. With the help of third parties expertise in privacy and security, the company was able to develop new operational measures. Feedbacks and questions raised by data protection authorities in certain places where Worldcoin is available were also taken into account.

This collaboration birthed the introduction of a new feature in March called “Personal Custody” which basically means that when people sign up for World IDs now, they can’t request to have their biometric data stored and encrypted anymore. Tiago Sada, the Head of Product at Tools for Humanity said this   move would make people’s minds be at ease.

A few weeks later, the project made another announcement that if users signed up for a World ID, they  can now request Worldcoin to permanently delete the “iris code” that was created when their eyeballs were scanned. On top of that, they’re taking age verification seriously to make sure no one under 18 signs up.

The post Worldcoin Bolsters Ties With Malaysian Government and Leaders appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The Central Bank of Nigeria (CBN) has moved to quash rumors about the purported banning of peer-to-peer (P2P) trader accounts, emphasizing the importance of relying on authentic updates from its official website, cbn.gov.ng. Despite this clarification, uncertainties persist regarding cryptocurrency regulations in the country, with concerns raised about transparency and oversight.

CBN Clarification Comes Amid Regulation Uncertainties

The clarification from the CBN comes amidst ongoing discussions and debates surrounding the regulation of cryptocurrencies in Nigeria. While the CBN has taken a cautious approach towards digital currencies, expressing concerns about their potential risks and implications for monetary policy and financial stability, the lack of clear regulatory frameworks has led to uncertainty among market participants.

Meanwhile, Nigeria has emerged as the largest P2P crypto market globally, following the CBN’s ban on institutions from buying and selling crypto in 2021. However, a circular issued to banks in December 2023 lifted the ban.

Nigeria’s Apex Bank Worries Over Binance Activities

The concerns raised have come to light, especially after recent disclosures regarding the movement of funds through platforms such as Binance.

The country has intensified its monitoring of Binance, as the CBN voiced worries regarding “suspicious transactions” conducted through the exchange’s Nigerian branch in 2023. CBN Governor Olayemi Cardoso pointed out that $26 billion flowed through Binance in Nigeroa in 2023, originating from undisclosed sources and users.

To regulate cryptocurrency exchanges the National Security Adviser’s office reportedly detained two senior Binance officials in Abuja, Nigeria’s capital.

Nigeria is the Most Crypto Aware Country

As per research by the Web 3.0 software firm Consensys last year, Nigeria leads all other regions in cryptocurrency consciousness, having 99% of the population familiar with the concept and 91% willing to invest.

The company discovered that four out of five Nigerians are familiar with cryptocurrencies and practically all of them had heard of it. Nigerians view cryptocurrencies as a substitute for conventional finance. Additionally, 58% of Nigerians aged above 18 and below 65 who participated in the study, believe cryptocurrencies will be the next form of money.

Due to the volatility of the local currency, Naira, several individuals have ventured into the cryptocurrency industry. This has formed a major mainstay for the youths, making the whole Binance saga a locally tormenting ordeal for traders.

The post Central Bank of Nigeria Denies P2P Trader Account Ban Rumors appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The rising popularity of Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States is evident as spot Bitcoin ETFs mark their third consecutive day of net inflows, totaling an impressive $31.64 million. According to SoSoValue data, BlackRock’s spot Bitcoin ETF brought in $37.92 million, the largest daily net inflow amongst others. Ark Invest brought in $33.28 million, while Bitwise has $23.23 million in net inflows.

However, Grayscale’s GBTC recorded $66.88 million worth of net outflow. This significant influx of funds has brought the total Spot BTC ETFs net inflow to $12.42 billion, with a total net assets of $55.82 billion.

Six Days of Inflows in Spot Bitcoin ETFs

Furthermore, the consecutive days of net inflows highlight a sustained trend rather than a fleeting interest in Bitcoin ETFs. This report comes months after the US spot bitcoin ETF industry recorded six straight days of net positive inflows totaling nearly $715 million. However, the majority of the inflows were recorded in BlackRock and Fidelity’s offerings, as pointed out by BitMEX.

Additionally, the six straight days of inflows come after four days of outflows from the spot Bitcoin ETFs between January 22 and 25, when GBTC outflows peaked. Grayscale recorded its second-lowest outflow day on February 2 at $144.6 million.

BlackRock ETF to Surpass GBTC

As of March 22, BlackRock’s Bitcoin ETF boasted 238,500 BTC, valued at $15.5 billion, with an average daily inflow of approximately $274 million. In contrast, Grayscale’s GBTC reported holding an estimated 350,252 BTC worth $23 billion, experiencing an average daily outflow of roughly $277 million.

Given the consistent inflows into BlackRock’s ETF and the outflows from Grayscale’s trust, analysts predict that BlackRock could overtake Grayscale this month. This flip could occur within 10 days if BlackRock’s inflows return to higher levels than previously observed.

Investors’ Interest in Spot BTC ETFs has Increased

The rapid growth of assets under management by ETFs highlights the increasing institutional interest in BTC as a legitimate asset class. Institutions, previously hesitant due to regulatory uncertainties and custodial concerns, are now embracing Bitcoin ETFs as a regulated and secure means to diversify their portfolios and hedge against inflationary pressures.

Meanwhile, the proliferation of ETFs has democratized BTC investment, allowing retail investors to participate in the crypto market without specialized knowledge or technical expertise. This democratization fosters financial inclusion and augments the liquidity and stability of the BTC market.

The post US Spot Bitcoin ETFs See Three Days Consistent Inflows appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The crypto world is about to get a whole lot more exciting, and it’s all thanks to some big names making even bigger predictions. Sergey Nazarov, the mastermind behind Chainlink, is betting big on the future of crypto ETFs. And while he’s got his eyes on the prize, the market is buzzing about another player that’s ready to give Fetch.ai a run for its money – Borroe Finance ($ROE).

>>BUY $ROE TOKENS NOW<<

More Crypto ETFs on the Horizon

Nazarov isn’t just blowing smoke when he says that more crypto ETFs are coming. He’s got the inside scoop, and he’s not afraid to share it. In a recent interview at the Token2049 event in Dubai, he dropped a bombshell – we could see new ETFs related to coins beyond just Bitcoin and Ethereum as early as this year. That’s right, folks, the floodgates are about to open!

But not everyone is as optimistic as Nazarov. Ripple’s CEO, Brad Garlinghouse, thinks it might take a bit longer for these new ETFs to hit the market. He cites the SEC’s reservations about crypto assets as the main roadblock. Meanwhile, Ark Invest’s Cathie Wood is even more skeptical, predicting that only Bitcoin and Ethereum Spot ETFs will get the green light from the SEC.

The Borroe Finance Buzz

While the big wigs debate the future of crypto ETFs, there’s another player that’s quietly making waves in the altcoin space. Borroe Finance ($ROE), the Fetch.ai rival that’s built on the Polygon blockchain, is turning heads and getting people talking.

What sets Borroe Finance apart is its focus on CrossFi, a game-changing approach that combines the best of decentralized finance (DeFi) with the power of AI-driven Oracles. By leveraging cutting-edge blockchain technology, Borroe Finance is creating a robust ecosystem that includes Dapps, Token Swaps, and Liquidity Pools. It’s like having a financial crystal ball that’s powered by AI!

>>BUY $ROE TOKENS NOW<<

FOMO Alert: Get in on the Action

With all the buzz around Borroe Finance, it’s no wonder that the fear of missing out (FOMO) is real. If you’re looking to get in on the action, now’s the time to make your move.

But Borroe Finance isn’t just about CrossFi – it’s also making waves in the world of NFT Gaming. By integrating non-fungible tokens into its ecosystem, Borroe Finance is opening up a whole new world of possibilities for gamers and collectors alike. It’s like having a secret weapon in your gaming arsenal!

One of the things that makes Borroe Finance so exciting is its use of Governance Tokens. These tokens give holders a say in the future of the project, allowing them to vote on important decisions and shape the ecosystem as it grows.

The Presale You Can’t Afford to Miss

If you’re ready to jump on the Borroe Finance bandwagon, now’s your chance. The project is currently conducting a presale of its $ROE token, and it’s already raised over $3.8 million. With over 67% of the project sold, time is running out to grab your piece of the pie.

The best part? 

The $ROE presale is priced at an attractive $0.020, making it accessible to a wide range of investors. Whether you’re a seasoned crypto veteran or just getting started, this is an opportunity you won’t want to miss.

And if you’re worried about how to get your hands on some $ROE, don’t be. Borroe Finance has made it easy by accepting a variety of payment methods, including top tokens like Bitcoin, USDT, BNB, ETH, and even card payments.

The Bottom Line

As Chainlink’s Sergey Nazarov anticipates more crypto ETFs hitting the market, savvy investors are keeping an eye on Borroe Finance. With its innovative approach to CrossFi, its use of AI-powered Oracles, and its focus on NFT Gaming, Borroe Finance is poised to give Fetch.ai a serious run for its money.

So, whether you’re a HODLer or just looking to get in on the action, now’s the time to make your move. Don’t miss out on the opportunity to be part of something big. Invest in Borroe Finance today and join the AI-powered revolution!

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter 

The post Chainlink Co-Founder Anticipates More Crypto ETFs, Market Bullish on Fetch.ai Rival appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

Tigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until at least May 17, pending a bail hearing.

Reports from local news outlets on April 23 revealed that Gambaryan will stay in Nigeria’s Kuje prison until the scheduled bail hearing on May 17. The judge will then decide whether to grant bail to the Binance executive. 

Binance Exec is in Nigerian Custody

Gambaryan, along with fellow Binance executive Nadeem Anjarwalla, traveled to Nigeria in February to address claims that the exchange manipulated the country’s fiat currency, the naira. Nigerian authorities detained both executives when Binance announced its intention to cease all naira transactions.

Initially expected to appear in court on April 19, Gambaryan’s court appearance was postponed, and the bail hearing was rescheduled for April 22. He has pleaded not guilty to charges of tax evasion and money laundering brought by Nigeria’s Economic and Financial Crimes Commission, with a trial scheduled for May 2.

Escaping Custody

Reports indicate that Anjarwalla managed to escape Nigerian custody in March, using his Kenyan passport—he holds citizenship in both the UK and Kenya—to fly out of Abuja. Recent reports suggested that Kenya’s police arrested Anjarwalla, potentially for extradition to Nigeria to face criminal charges.

Critics have questioned the legitimacy of the government’s charges, especially considering Binance’s statement that Gambaryan had “no decision-making power” at the crypto firm. 

Securing Binance Exec’s Return to the US

Yuki Gambaryan, Tigran’s wife, launched a petition on March 30, urging the U.S. State Department, Nigeria’s Economic and Financial Crimes Commission, the Nigerian government, and U.S. President Joe Biden to secure his return to the United States. The petition has garnered 3,960 signatures as of April 23.

In a separate legal case in the United States, former Binance CEO Changpeng Zhao is scheduled to be sentenced on April 30 after pleading guilty to failure to maintain an anti-money laundering program while leading the exchange. He could face up to 10 years in prison.

Crypto and Nigeria

Cryptocurrencies are quite popular in Nigeria, with a recent report revealing that 99% of the population is familiar with the concept and 91% are willing to make an investment.

Meanwhile, Binance has faced regulatory hurdles in its operations in the country, and Bayo Onanuga, an adviser to Nigerian President Bola Tinubu, asked for the ban of Binance, KuCoin, and other trading platforms in the country.

The post Binance Executive to Remain in Nigerian Custody Until Bail Hearing appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

Solana (SOL) and Algotech (ALGT) are fascinating competitors starting a voyage through the unstable world of cryptocurrency with their own tales forming their prices. As SOL exceeds $150, it represents a major change in market sentiment, while Algotech’s decentralization algorithmic trading platform offers an unprecedented opportunity amid presale chaos. Looking at the future sale of SOL tokens by FTX and Algotech’s $250k giveaway, which has attracted investor excitement, can expect thrilling experiences among these dynamic landscapes that bring about gains and revolutions.

Solana (SOL) Surpasses $150 Barrier, Eyes Further Gains

Solana (SOL) has managed to break through a significant resistance level of $150; it is a big mark for its recent price movements and currently trades at $158.07 signalling an important shift in market sentiment that may hint at further bullishness. But there is less volume as the price rises, casting doubts on SOL’s ability to stay above $150. The rise lacks conviction, which could expose it to correction should volumes not see an increase 

Moreover, 26-day EMA and 50 day EMAs pose great obstacles for SOL because they suggest strong resistances to beat before gaining more upward traction by means of firming below these areas with enough conviction and corresponding volumes. To fortify its position and overcome the resistance from the EMA, Solana must set a new floor above $154. The period ahead will be very crucial for SOL as it confronts these challenges and sustains its uptrend amidst the changing dynamics of this market involving meme coins.

Solana (SOL) Price Trajectory Hinges On FTX’s Auction Outcome

FTX, amidst its bankruptcy liquidation process, is gearing up for a significant auction of Solana (SOL) tokens, diverging from previous fixed-price sales. The move could change dynamics and potentially affect the price movement of SOL coin on the market. Previously, FTX sold between 25 million and 30 million SOL tokens at a significant discount and required buyers to lock their tokens for four years. However, this upcoming auction will differ from that trend and thus may encourage competition during bidding, hence affecting the market value of SOL. 

The auction format is expected to attract both non-US and accredited US investors, allowing participants to come up with acceptable bid rates through Special Purpose Vehicle (SPV) developed by Figure Markets. This successful outcome might have an effect on SOL’s price trends especially as it tries rebounding from recent lows as it faces critical resistance areas near $156. Thereafter, holding above this level would open doors for more gains going forward.

Algotech (ALGT) Token Predicted to Reach $1 

Algotech (ALGT), has been making headlines with its decentralized algorithmic trading platform, which experts believe is an attractive investment opportunity. Some predictions have been made that ALGT token could go as high as $1; that would be a great leap from where it currently stands at 0.08. In addition, its ongoing presale has already collected over $3.9 million, showing that many investors are interested in this project.

By investing in Algotech, investors stand to benefit from a unique rewards scheme which shares the company’s profits depending on different levels of investments made. Besides, the announcement of a giveaway worth $250000 has caused excitement among potential investors. The participants will have an opportunity to win 25000 ALGT each by completing different tasks assigned to them with better odds improving after every task accomplished. 

Nevertheless, user experience and trading system improvements are among the key focuses for platform enhancements outlined in the roadmap for this project, positioning it as a competitive player in the crypto trading sphere. 

Learn more:

Visit Algotech Presale

Join The Algotech Community

The post Solana (SOL) and Algotech (ALGT) Price Prediction After $250K Giveaway Announcement appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

According to a statement recently released, Canaan, a company listed on Nasdaq, announced that two executives from the bitcoin mining rig marker; Nangeng Zhang, the Chairman and CEO, along with James Jin Cheng, the CFO, are planning to jointly purchase at least $2 million worth of the company’s class A ordinary shares represented by American Depositary shares. 

They believe that the company is currently undervalued and see great potential following the recent block-reward halving of Bitcoin 

Following the fourth halving of the Bitcoin network, Zhang further mentioned that Canaan is making significant progress in the manufacturing of its A14 series mining rigs. He also added that they have been fulfilling previous orders and have received bulk orders from public company customers. In addition, Canaan is currently in the testing phase for the A15 series and actively developing the A16 series. 

Canaan’s Revenue Takes a Dive 

Canaan’s most recent annual report showcased a notable transition from profit to loss, as the company experienced a net loss of $414.2 million in 2023, in contrast to a net income of $69.9 million in 2022. Additionally, the report indicated that Canaan’s mining revenue reached $34 million in the past year, showing a slight increase from $32.5 million in 2022.

In 2023, the tech firm experienced a significant decline in total revenues, which includes product and mining revenue. The revenues decreased by 67.5% to $211.5 million, compared to $651.5 million in 2022. Canaan attributed this decline to the decrease in the average selling price of their Bitcoin mining machines per Thash, dropping from $40.8 in 2022 to $8.9 in 2023. The soft demand and price drop in computing power during that year played a major role in this revenue decline.

The significant drop in revenue can affect its financial stability, business operations, and future growth prospects. Canaan will need to evaluate and adjust its strategies to navigate through this challenging period.

Canaan’s Road To Recovery 

While Canaan hasn’t performed as well as expected last year, investors are wondering what’s next for the stock. One way to gauge this is by looking at the company’s earnings outlook. Changes in earnings estimates can have an impact on stock movements. 

Currently, the estimate revisions for Canaan are mixed, resulting in a Zacks Rank #3 (Hold) for the stock. This suggests that the stock is expected to perform in line with the market. It will be interesting to see how the estimates for the upcoming quarters and fiscal year change in the future. 

Also, these losses have made the company focus on implementing strategies to recover and regain financial stability. They are working on improving the efficiency and performance of their Bitcoin mining machines, exploring opportunities in emerging technologies and markets, and enhancing customer support services. 

The firm has been solidifying partnerships with other major players in recent times with the goal of boosting its market share. As reported earlier by TheCoinRise, Canaan successfully obtained additional purchase orders from Cipher Mining and Stronghold Digital Mining, totaling over 17,000 Bitcoin mining machines. With the halving and the need to reboot efforts, more related orders are likely with a massive upward impact for the firm.

The post Canaan Executives Eye $2M Shares Purchase Post Halving appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The Securities and Exchange Commission (SEC) takes action against Binance, the biggest cryptocurrency exchange globally. The SEC is requesting the removal of Binance’s mobile app from the Google Play Store, and Apple App Store in the Philippines.`

SEC Escalates Dispute With Binance

According to a press release, this development signals a significant escalation in regulatory scrutiny over cryptocurrency activities in the Philippines, raising concerns about the future of the exchange’s operations in the region.

Notably, the SEC’s action follows a series of regulatory challenges faced by Binance globally, reflecting a broader trend of increased regulatory scrutiny on cryptocurrency exchanges. Although the reasons behind the potential removal remain undisclosed, it is widely speculated to be linked to regulatory concerns regarding compliance with Local laws and regulations.

According to SEC Chairperson Emilio B. Aquino, Binance’s applications should be removed and blocked to prevent the proliferation of illegal activities and protect the public from its detrimental effects on the economy. 

Uncertainty Over Resolution

The trading platform has remained silent regarding the SEC’s actions. However, the regulator has reaffirmed its request to the National Telecommunications Commission to prevent access to the exchange’s websites in the Philippines. This action will stop Binance’s unauthorized investment solicitation activities in the country.

The resolution of the SEC’s action against Binance is still unclear. In the meantime, the SEC urges Filipino investors with investments in Binance to end their positions and transfer their cryptocurrency holdings to their crypto wallets as soon as possible.

Binance and Nigeria

Nigeria has escalated the ongoing conflict with Binance as authorities have requested comprehensive user data and transaction records from the platform. Meanwhile, the country’s central bank governor, Olayemi Cardoso, accused Binance Nigeria of processing illicit flows amounting to $26 billion from unidentifiable sources in the previous year.

Furthermore, Nigerian authorities have accused Binance of contributing to the devaluation of the national currency, the naira. As such, Binance dropped the Nigerian Naira from its peer-to-peer (P2P) trading platform. 

Meanwhile, the 2nd Circuit Court of Appeals in Manhattan revived a lawsuit where investors accused the company of violating United States securities laws. The lawsuit contends that the exchange sold unregistered tokens that subsequently incurred substantial losses for investors.

The post Binance to Face Removal From Apple and Google App Stores in the Philippines appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

After years of legal proceedings and negotiations, a rehabilitation plan proposed by Mt.Gox, once the largest Bitcoin (BTC) exchange, has gained significant traction as the long-awaited payout might finally be within reach. According to Bloomberg, this development aims to reimburse creditors with about $9 million worth of Bitcoin and Bitcoin cash from Mt.Gox’s assets.

Mt.Gox Users Receive Updates on Their Claims

Although the timing of the payout remains uncertain, the progress made thus far provides renewed hope for creditors who have endured years of uncertainty and frustration. According to some of the Mt.Gox creditors, updates have been sent regarding their claims. The updates also include the total number of digital tokens to be returned and to some creditors, the repayment deadlines. 

The payments to the creditors will be made in multiple installments. According to a user in December 2023, only part of his 0.125 BTC was repaid. The user received 30,283 yen (worth $200 at the current exchange rate leaving a balance of about $748). 

Mt.Gox was Once the Largest Bitcoin Exchange

Before its collapse, Mt.Gox was the largest Bitcoin exchange, processing about 70% of the world’s BTC transactions. In February 2014, Mt.Gox ceased trading, closed its website and exchange operations, and filed for bankruptcy protection against its creditors after being unable to recover from the impact of its hack. Exactly ten years ago, fraudulent withdrawals were initiated on the exchange’s platform leading to the loss of over 850,000 BTC.

The exchange transitioned from bankruptcy proceedings to civil rehabilitation, a debtor-friendly form of corporate restructuring in 2018, meaning creditors will receive BTC instead of a fiat sum.

Mt.Gox Shares Repayment Schedule

The recent development signifies the initial phase of repayments for all creditors. Notably, in September last year, Nobuaki Kobayashi, the trustee recovering funds on behalf of Mt.Gox formally adjusted the repayment deadline for rehabilitation creditor repayments from October 31, 2023, to October 31, 2024. 

At the time, the trustee said it acquired the approval of the Tokyo District Court, to revise the deadlines for Base Repayment, Early Lump-Sum repayment, and Intermediate Repayment.  Recall that the platform extended the window for registration to allow users interested in the Early Lump-Sum Repayment to complete their registration.

The post Mt.Gox’s $9B Bitcoin Repayment Could Be On The Horizon appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The result derived from a recent comprehensive analytic evaluation pinpoints three top crypto coins below the radar with the potential to yield an enormous interest on a scruple principal. These crypto assets comprise Dogwifhat (WIF), Borroe Finance ($ROE), and Near Protocol (NEAR).

Let’s determine how this result was arrived at about these top altcoins.

>>BUY $ROE TOKENS NOW<<

Dogwifhat Price Forecasts: Experts Weigh In

Analysts have shared their price projections for Dogwifhat (WIF), a Solana-based meme coin, after crashing alongside the crypto market on April 13. 

These analysts took to the X platform to discuss their views of Dogwifhat (WIF) ahead of the much-anticipated Bitcoin halving. On April 15, pundit and X user CryptoDaddy stated that he is bullish on Bitcoin (BTC), and its imminent halving will send several altcoins and meme coins to infinity, including Dogwifhat (WIF), Solana (SOL), et al.

Also, RuneNerd, a fellow analyst, reflected on the many times Dogwifhat (WIF) has experienced a rebound, dubbing it the Dogecoin (DOGE) of this bull cycle. Similarly, Mr. BigWhale included Dogwifhat (WIF) among the cryptocurrencies poised to achieve ten times its current value during the bull run. 

Amid these predictions, Dogwifhat (WIF) retains its position as the third-largest meme coin, commanding a $3 billion market capitalization.

Dogwifhat (WIF) tanked from $3.45 to $2.54 between April 12 and 18, a 26.3% decrease in its market value. Despite the decline, top analysts are bullish on Dogwifhat (WIF), signaling a potential upsurge in the days ahead. Dogwifhat (WIF) is expected to reclaim its ATH of $4.86 soon, marking a 91.3% likely increase in WIF’s price.

Borroe Finance Readies To Moon During Next Leg-Up

Borroe Finance ($ROE) has maintained a bullish trajectory since its presale commenced, reaching a lofty height as more investors purchase the project. The new ICO coin is regarded as the best crypto to invest in after experts analyzed its growth potential. They say Borroe Finance ($ROE) is a mooner, and now is the best time to ape into this project to avoid FOMO investing in the long run.

Borroe Finance’s use case stands out from other new DeFi projects, being the first discounted NFT marketplace. To Web3 users, Borroe Finance is an outlet to raise funds by converting future earnings into immediate cash flow. It introduces cutting-edge technologies such as AI and blockchain, putting it ahead of most projects in the DeFi landscape.

Borroe Finance ($ROE) has had a successful presale run, with early investors undoubtedly profitable. Investors who purchased $ROE at Borroe Finance’s beta presale stage have realized 100% of their capital after the coin’s surge from $0.01 to $0.02. Presently, $ROE is poised for another 25% uptick to $0.025 before its DEX listing, after which it is expected to record up to 100X growth.

>>BUY $ROE TOKENS NOW<<

Near Protocol Eyes $9 Amidst Price Struggle

Although Near Protocol (NEAR) struggles within the $5.00 territory, experts outline reasons they believe NEAR could hit $9.00 soon. In an analysis on April 18, they provided a rundown of NEAR’s outlook to substantiate their claim. The first focus was on the increasing demand for NEAR Protocol (NEAR) tokens around the 200-Day EMA region.

Typically, increasing demand is regarded as a bullish signal for any digital asset, suggesting that Near Protocol (NEAR) could be bullish. Second, the Relative Strength Index indicator showcased Near Protocol (NEAR) attempting a from the oversold zone, another green flag. Finally, the chart shows Near Protocol (NEAR) printing green candlesticks, which may validate this bullish sentiment.

Near Protocol (NEAR) is down 15.4% from $6.79 to $5.74 between April 12 and 18. Based on the thesis that Near Protocol (NEAR) may be targeting $9.00, this would mean a 56.7% increase in NEAR’s price. Hence, Near Protocol (NEAR) is a good crypto to buy, especially with the dip serving as an opportunity to buy at a low cost.

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

The post Turn Pocket Change into a Passive Fortune: 3 Under-the-Radar Coins Poised for Explosive Growth appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The United States Securities and Exchange Commission (SEC) has filed a motion requesting billions of dollars in disgorgement and civil penalties against Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case.

In an April 19 filing in the United States District Court for the Southern District of New York, the SEC requested approximately $4.7 billion in disgorgement and prejudgment interest after the civil case ruling, along with a combined $520 million in civil penalties—$420 million from Terraform and $100 million from Kwon. 

SEC vs. Terraform Labs, and Do Kwon

While Terraform suggested a maximum civil penalty of $3.5 million and Kwon proposed only $800,000, the SEC argued for significantly higher penalties.

In addition to the monetary judgment, the SEC proposed barring Kwon from serving as an officer or director of a securities issuer and providing complete details of his accounts and assets. Terraform would also face a “conduct-based injunction” to prevent engaging in behavior similar to the fraud that occurred.

The proposed remedies and civil judgment are pending approval by a judge. As reported earlier by TheCoinRise, the SEC stated that Terraform Labs was “built on lies.” 

SEC Not Satisfied with the Defendants’ Conduct

The SEC filing expressed dissatisfaction with the defendants’ conduct, stating, 

“Defendants have not shown remorse for their conduct, nor can there be any doubt that they are in a position where additional violations are not only possible but likely are already occurring.”

The SEC emphasized the need to send a clear message that such misconduct will not be tolerated.

Defrauding Investors

The case against Terraform and Kwon stemmed from allegations of defrauding investors regarding statements over the offer and sale of TerraUSD (UST), Luna (LUNA), and wLUNA.

Following the jury’s verdict on April 5, a Terraform spokesperson stated that the firm was “carefully weighing [its] options and next steps.”

Notably, the SEC trial proceeded without Kwon’s presence, as he is currently involved in court proceedings in Montenegro. 

Kwon’s Arrest

Kwon was arrested in March 2023 for using falsified travel documents while attempting to leave the country. Although he was later released and allowed to travel within Montenegro, the question of his extradition to either the U.S. or South Korea remains unanswered. Kwon faces potential criminal charges in both countries.

As of now, Terraform Labs and Do Kwon are navigating the legal proceedings amidst significant regulatory challenges, with the SEC seeking substantial penalties in response to the alleged misconduct.

The post SEC Seeks Billions in Penalties from Terraform Labs and Do Kwon appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

Fidelity Digital Assets has revised its medium-term outlook for Bitcoin (BTC) from “positive” to “neutral” following the first quarter of 2024. The decision comes as several metrics indicate that Bitcoin is no longer considered “cheap” and may face potential selling pressure.

In its latest Signals report released on April 22, Fidelity Digital Assets introduced the Bitcoin Yardstick, similar to the price-to-earnings ratio used in stocks, to determine if Bitcoin is undervalued. 

Fidelity noted that the Yardstick remained between a negative one and zero deviations from the mean of 51% in the first quarter, indicating that Bitcoin was not considered ‘cheap’ at any point during Q1.

Bitcoin is Trading at a ‘Fair Value’

This suggests that Bitcoin is now trading at “fair value,” leading Fidelity to revise its medium-term outlook for Bitcoin to neutral. Other metrics supporting this neutral outlook include long-term holders increasing sell pressure and 99% of addresses being in profit, potentially incentivizing selling.

On-chain metrics, such as the Net Unrealized Profit/Loss (NUPL) ratio and the MVRV Z-Score, further bolstered the firm’s neutral outlook in the mid-term.

Positive Short-Term Outlook for BTC

However, Fidelity maintains a positive short-term outlook for Bitcoin, citing the absence of extreme indicators seen during bull market peaks. Price levels have remained above a “golden cross” on the Bitcoin chart, with the asset trading above its 50-day and 200-day moving averages throughout Q1, indicating bullish momentum.

Chris Kuiper, Fidelity’s director of research, commented that “on-chain indicators are now clearly above the lows or extreme bottoms previously observed.” The report also highlighted Bitcoin’s realized price, which was around $28,000 at the close of Q1, maintaining support since mid-January.

Accumulation of Bitcoin on the Rise

On-chain data showed continued accumulation by smaller investors, with a 20% increase in the number of addresses holding $1,000 or more worth of BTC since the start of the year, reaching new all-time highs. Exchange balances have declined as more investors moved to self-custody, reducing selling pressure.

Kuiper pointed out that the market is currently in the middle ground or halfway point of the market cycle, nowhere near historical extreme highs. He added that historically, a disproportionate amount of price gains occur in the latter half of the cycle.

Halving Event

Bitcoin has remained range-bound since the end of February, oscillating between $72,000 and $60,000. However, it has gained 5% since the weekend halving event, currently trading at a ten-day high of $66,863.

Fidelity’s shift in outlook reflects a cautious stance amidst changing market dynamics, emphasizing the need for vigilance and analysis in navigating the cryptocurrency landscape.

The post Bitcoin Isn’t Cheap Anymore, States Fidelity Report appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The New York Stock Exchange (NYSE) is currently wondering if traders in the United States would be interested in embracing 24-hour stock trading, similar to how the cryptocurrency market operates. 

It is important to note that the prices of digital assets continue to increase or decrease round the clock, and when it comes to stock markets, the assets do not trade on public holidays or weekends. The NYSE and other exchanges are only open for a few hours, after which they close. 

NYSE Conducts a Survey

To gauge market sentiment, the data analytics team at NYSE recently conducted a survey asking participants whether they would support 24/7 or 24-hour weekday trading. The survey also sought opinions on implementing systems to protect traders from overnight price swings, as reported by the Financial Times on April 22.

Currently, NYSE, along with Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday between 9:30 a.m. and 4:00 p.m. Eastern Time. However, with the rise of global markets and digital assets, there’s a growing debate about extending trading hours.

Sustainability of 24/7 Trading

In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and leading stock index futures are already tradable 24/7. Platforms like Robinhood and Interactive Brokers offer 24-hour weekday access to US stocks, using a “dark pool” trading venue for international retail investors.

However, recent events have raised concerns about the sustainability of around-the-clock trading. Robinhood’s suspension of 24-hour trading services following increased tensions between Israel and Iran highlighted potential risks. 

Managing liquidity in a 24/7 trading environment has proven challenging, especially in the cryptocurrency industry, often leading to mismatches between the needs of traders and market makers.

NYSE Hasn’t Released Survey Results

Cryptocurrency research firm Kaiko noted the difficulties, pointing out that it creates a mismatch between traditional financial institutions’ operating hours and the needs of large crypto traders. Traders also face sleepless nights during extreme market volatility.

While NYSE hasn’t released the survey results, Skylands Capital senior trader Tom Hearden conducted a poll among his followers, with over 70% of respondents voting against NYSE moving to 24/7 trading hours.

Key Challenges and Considerations

The debate around 24/7 trading highlights several key challenges and considerations. One major concern is the impact on trader well-being, as extended trading hours can lead to increased stress and burnout. Moreover, ensuring adequate liquidity and risk management in a continuously operating market is crucial.

While there are potential benefits to 24/7 trading, including increased accessibility and flexibility, it requires careful planning and infrastructure to mitigate risks effectively.

As NYSE explores the possibility of extending trading hours, it must address these challenges and consider market participants’ sentiments to ensure a balanced and sustainable approach to 24/7 trading.

The post NYSE Shows Interest in 24/7 Stock Trading Like Digital Assets appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

ZachXBT, a crypto investigator, has uncovered a worrying development in the world of cryptocurrency regarding Solana Presales. Per his investigation, more than $26 million worth of Solana (SOL) has been lost in these risky presales of Solana memecoins. The crypto detective sheds light on the magnitude of losses suffered by investors. 

ZachXBT’s unwavering commitment, extensive knowledge, and years of experience have been invaluable in exposing fraudulent activities, identifying scams, and bringing attention to suspicious transactions. His dedication and expertise have made a significant impact in uncovering these deceptive practices and protecting the crypto community.

ZachXBT: Crypto Scam Nemesis  

The crypto detective shared on revealed that 12 Solana presale memecoins had been abandoned within just one month. Unfortunately, despite the significant funds raised, numerous projects left investors with nothing as it turned out to be a rug pull. Recently, Solana’s Slerf memecoin presale resulted in individuals losing nearly $11 million. 

Memecoins, from protocols like Solana, can be quite risky due to their speculative nature. These coins often lack a solid foundation or underlying value, relying heavily on hype and social media trends. As a result, their prices can be highly volatile, leading to potential losses for investors. 

Furthermore, the crypto investigator revealed that the $LIKE memecoin Presale resulted in the largest loss of 52,220 SOL, which is currently valued at around $8.10 million. Similarly, the $MOONKE Solana memecoin project, led by RockyXBT, resulted in a loss of 37,470 SOL, equivalent to $5.81 million. 

Overall, there have been 10 other memecoin Presales on the Solana blockchain that collectively led to a loss of 90,961 SOL, valued at an astounding $14.1 million.

Not all that glitters is Gold

Conducting a presale is simple. A token issuer posts a smart contract address and tells investors to deposit crypto tokens on the promise that, when the presale ends, the newly issued tokens will be distributed to users based on the relative sizes of their deposits. But the ease at which someone can start a token presale, coupled with investors’ Fear of Missing Out (FOMO), has led to a significant increase in scams.

Referencing the URF case, a memecoin that gained attention through influencer Bryce Hall’s promotion. ZachXBT uncovered that URF managed to raise around 2,400 SOL ($450K) in its presale. 

The team disappeared less than 24 hours after launch and their social media accounts have been inactive since March 26 ZachXBT tweeted on X. Instead of fulfilling their commitments to investors, the URF team used the remaining presale funds for trading memecoins which only worsened the losses suffered by investors. 

Influencer @BryceHall made multiple posts promoting a sketchy Solana presale for a meme coin called URF helping them raise ~2400 SOL ($450k).

The team disappeared less than 24 hrs after launch and social media accounts have had zero activity since March 26.

The URF team… pic.twitter.com/0onzoQudBt

— ZachXBT (@zachxbt) April 2, 2024

Presales cause more harm than good 

Solana co-founders Raj Gokal and Anatoly Yakovenko have been consistently advising investors to exercise caution when it comes to participating in random Solana memecoin Presales on X. 

The on-chain investigator himself pledged to steer clear of such projects and advised the community to do the same. It is crucial to approach them with caution and conduct thorough research before investing to avoid falling victim to these scams. It is worth noting that many of these projects lack a proper whitepaper and fail to provide the token address with a higher chance of causing more harm than good.

The post Solana Memecoin: Over $26M Vanished in Presale Fraud appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

Supporting an inclusive Web3 era with innovative data indexing tools, SubQuery Network is building a more accessible and robust digital future powered by decentralized middleware.

Middleware plays a crucial role in decentralized applications (DApps) by bridging the gap between blockchains and user interfaces. It encompasses various components such as indexers, which organize blockchain data, and remote procedure calls (RPCs), enabling network interactions to function as if they were local. Additionally, middleware includes oracles and decentralized data storage services, which are software solutions that transfer real-world data to the blockchain.

While middleware enhances the scalability and usability of DApps, its inherently centralized structure poses significant challenges. This centralization can lead to instability and risks a single entity gaining control, which threatens the core principles of decentralization within the Web3 ecosystem.

To address these concerns, the Web3 community is actively developing alternatives to reinforce the decentralization of the middleware layer. These efforts ensure the infrastructure remains robust and true to the decentralized ethos.

Infrastructure for a decentralized future

In line with these developments, SubQuery Network offers a scalable and unified data infrastructure that supports the vision of a decentralized future. The platform offers a suite of tools designed to empower developers to bring DApps to life without compromising speed, flexibility and efficiency. SubQuery is assisting developers globally, with full support for over 160 networks, including many outside the Ethereum Virtual Machine (EVM) family.

With its native token, SQT, SubQuery integrates two core services — indexing and RPC — into a single decentralized network. Thus, users can access fully decentralized services (for example purchasing a plan for an RPC endpoint) with the simplicity of Web2 alternatives.

The platform tests the network’s load capacity through its free offerings. Additionally, the network is transforming with the beta launch of the SubQuery Data Node. The redesign of the structure and query language of RPCs leads to significant performance increases. Preliminary results show that the SubQuery Data Node enables the data indexer to run 3.9 times faster than The Graph.

The role of middleware on Web3 decentralization

When discussing the evolution of Web3 decentralization, James Bayly, chief operating officer of SubQuery Network, emphasized middleware’s critical role:

“The next era of Web3 decentralization will be in the middleware, the final frontier against centralized services and industry titans.”

Bayly pointed out the challenges faced by developers, stating, “Developers have long had to sacrifice performance and reliability when building DApps, we are working to make these sacrifices a thing of the past.” Bayly also highlighted that “many leading DApps are utterly reliant on centralized middleware components that could be turned off at any moment.”

The Web3 community focuses on making middleware more decentralized, paving the way for a secure, user-friendly and public digital environment. As we progress, the number of choices available to developers in Web3 will only increase.

Learn more about SubQuery Network.

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Recently, crypto investment products witnessed a significant outflow of $206 million, with Bitcoin (BTC) taking the lead in losses by accounting for up to $192 million in weekly outflows. According to the CoinShares report, the trading volume of exchange-traded products (ETPs) reduced slightly to $18 billion.

Bitcoin Leads With $192 Million Weekly Outflows

While Bitcoin remains the dominant force in the crypto space, its recent outflows underscore the challenges faced amidst regulatory scrutiny and market turbulence. Despite its recent outflows, there was little or no interest in short-selling as short-bitcoin funds witnessed outflows of $0.3 million.

The outflows from Bitcoin investment products raise questions about the factors driving investor sentiment. Possible reasons for the outflows include profit-taking strategies, concerns about regulatory crackdowns, and apprehension over market stability. However, it’s essential to recognize that fluctuations in investment flows are a common feature of the dynamic crypto landscape.

Alongside Bitcoin, other cryptocurrencies also experienced outflows, albeit to a lesser extent. Ethereum, the second-largest cryptocurrency by market capitalization, witnessed outflows amounting to $34.2 million as investors diversified their portfolios amid market uncertainty.

Bitcoin Exchange Supply on the Decline

The cryptocurrency market experienced a seismic shift as Bitcoin exchange supply plummeted to an all-time low, with about 58,000 BTC withdrawn from Coinbase, one of the leading cryptocurrency exchanges.

According to Coinglass, BTC held by crypto exchange dropped to $1.79 billion on March 23, marking its lowest in about four years. However, this development injected optimism into the cryptosphere as investors maintained their bullish stance. Additionally, the movement of assets off exchanges indicates investors’ holding strategy which has become a trend since the rise of spot Bitcoin Exchange-Traded Funds (ETFs).

Bitcoin’s Trajectory in 2025

Recall that, Standard Chartered Bank revised its Bitcoin prediction target, raising it to $150,000 by the end of the year, up from its previous estimate between $100,000 and $120,000. The analysts clarified that for BTC to reach the 20% allocation suggested by portfolio optimization, its price would have to increase to $190,000, assuming the gold price remains constant.

The current price of Bitcoin is hovering around the $66,227.35 mark. Yet, the bank anticipates Bitcoin could exceed this goal if spot BTC ETF inflows meet their estimated midpoint of $75 billion or if foreign exchange reserve managers start acquiring Bitcoin. Under these circumstances, analysts envision Bitcoin’s price could hit $250,000 sometime in 2025.

The post Crypto Investment Products Witness $206M in Weekly Outflows appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

The digital currency ecosystem is at a very pivotal phase, and future performances lean on key factors like Bitcoin ETF, halving, and BTCX token adoption. While the early adopters and key proponents of the broader crypto world understand the power of legacy assets like Bitcoin, the next generation of backers believes emerging tokens like BTCX can be the core anchor in bolstering the future of the market.

The Bitcoin Legacy: Spot Bitcoin ETF and Halving Complements

When Satoshi Nakamoto introduced the Bitcoin Whitepaper on October 31, 2008, only a handful of investors grabbed the vision. One thing was obvious in the early stages, the technology transcends prospective adopters’ unbelieve. 

Through the consistent showcase of its Peer-to-peer (P2P) payment capabilities, the coin swiftly gained traction. In no time, the embrace of Bitcoin shifted from just a payment coin to an asset relied on to hedge against inflation. This is because of its limited supply, capped at 21 million, and the deflationary features it brandishes through Bitcoin halving.

For more than a decade, Bitcoin became a global phenomenon with its price jumping as high as $69,000 in November 2021. Until that time, one major feature was lacking in the Bitcoin ecosystem. This was an access for institutional investors, a challenge that only Spot Bitcoin ETF products could solve. Crypto innovators started applying for spot Bitcoin ETFs in 2013, an early move championed by the Winklevoss brothers.

It was not until a lost legal battle suffered by the SEC against Grayscale Investments that the regulator decided to approve the product this year. Since the spot Bitcoin ETF products went live, Bitcoin has gained enhanced demand and accumulation that helped it print a new All-Time High (ATH) of $73,750.07.

The forthcoming Bitcoin halving event will also showcase Bitcoin’s legacy as the fourth of its kind since BTC’s inception. From a block reward of 6.25 BTC, the rewards will reduce by 50% to 3.125 BTC, making the coin scarcer. If this networking event plays out, it will further be a testament to the trustworthiness of the Bitcoin code. This has been infallible since the first block came alive.

One Little ‘But’

Though Bitcoin is thriving, there are still some features that it lacks as well as key bottlenecks that keep it bound. While it pioneered the blockchain and decentralized technology revolution, many crypto projects and alternatives have emerged over the years in an attempt to correct the observable flaws in Bitcoin.

Another major bottleneck is the regulatory impasse surrounding Bitcoin, despite the emergence of spot Bitcoin ETF. The digital currency still faces a lot of scrutiny in regions like Argentina and Nigeria, dragging down the crypto adoption curve.

To resolve most of the key challenges associated with Bitcoin, the BTCX token made its emergence. Though other crypto projects have exhibited their uniqueness in different ways, the BTCX token emergence is changing the adoption game by combining deflationary features with core utility offerings.

BTCX Adoption And Complement To Bitcoin Reign

One crucial trend among crypto innovators is the primary mantra to orchestrate the demise of their dominant competitors. Though many alternative L1 blockchains plan to become the dominant Ethereum-killer, the growing BTCX Adoption is not ingrained in killing Bitcoin, but to complement its offerings.

BTCX as a protocol offers a unique value proposition as it embodies the financial precepts of Bitcoin with the smart contract potentials of Ethereum. Learning from Ethereum, BTCX has built a robust infrastructural architecture powered by the Xin Blockchain. This infrastructure helps it administer its token distribution, staking, and deflationary features.

The Xin Blockchain foundation it anchors its innovation on provides a better advantage than what it will naturally get with either Bitcoin or Ethereum. Two of these advantages that have greatly boosted BTCX adoption are its fast speed and scalability. 

Among the key features and offerings that BTCX brings to the table include;

Hyper-deflation: One of the core attraction points for BTC adoption is its deflationary design. This deflation is implemented through its carefully designed Combustion Strategy. This brings about a periodic slash or burning of a portion of the supply, reducing the stack. This feature helps cement the value of BTCX in the long term.

Staking: BTXC, designed as a Proof-of-Stake (PoS) protocol, requires transaction confirmation from validators. The staking feature makes it possible for holders of BTCX to earn passive rewards by contributing to the protocol. BTCX stakers benefit in at least two ways including the accrual of more tokens and the surge in the dollar valuation of the tokens over time.

BTCX Presale: Unlike most digital currency projects with predefined allocations to venture capital (VC) firms, BTCX is solely community-focused. Drawing on this, access to the tokens is through a Presale that gives equal access to early adopters. 

https://x.com/btcx_token/status/1691402258985160704

For the presale, a 25% allocation, or 5.25 million has been designated and is currently issued at a favorable rate for prospective buyers.

Like Bitcoin, BTCX was designed for the future and it hopes to achieve its goals by following a defined roadmap. Per its plans detailed in the BTCX Whitepaper, it aims to unleash its innovations in 5 distinct phases in hopes of ushering in a sustainable ecosystem.

The Bitcoin and BTCX Future Lure

Both Bitcoin and BTCX have their distinct technical design and tokenomics differences. While many may consider this a basis for competition between both assets, in reality, it is complementary.

Just as decentralization is a core focus for established investors, so also should diversification be the core lure for investors in the Web3 world. Though about 15 years have passed since Nakamoto mined the first Bitcoin to set the blockchain world in motion, some of the best innovative projects like BTCX are just coming to life.

With the prospect of BTCX, investors can expand their bets from Bitcoin to the former to gain the best of deflation, staking, and community consideration. With Bitcoin’s price gone past the reach of the average retail investor, BTCX presents a viable alternative that can offer the same risk-reward balance in the long term.

 

The post How Bitcoin ETF, Halving, And BTCX Can Drive Mainstream Adoption Of Crypto appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

TLDR:

Analysts are bullish that the price of Bonk will soar in the coming weeks despite the recent memecoin crash. 

Analysts have predicted Dogwifhat’s price to reach $10 in Q2 2024. 

NuggetRush’s listing is expected to push its price to $1.

Meme coins have become the talk of the crypto community in 2024 after new names like $MEW rose to the top. Those who joined at the early stage saw huge gains during the meme coin surge. While the meme coin market seems to have calmed down, analysts are bullish that these three meme coins – Dogwifhat, NuggetRush, and Bonk will see major gains in Q2 2024. Let us find out why.

>> Buy NuggetRush Now <<

NuggetRush (NUGX): Analysts Predict Potential Surge To $1

NuggetRush (NUGX) is a new project joining the bullish memecoins in the market. The project mixes meme coin utility, play-to-earn, NFTs, and GameFi into one platform to build a comprehensive gaming ecosystem. 

In this gaming ecosystem, players take up the roles of miners who move around a virtual gaming world searching for minerals. Precious minerals they can find during their search include gold, diamond, cobalt, silver, and lots more. 

In addition to these minerals, there are also popular NFTs that investors can come across. 

These NFTs include character NFTs and the rarest ones called RUSHGEMs. RUSHGEMs are the coolest NFTs because they can be converted to gold, adding more thrill to the game. Meanwhile, NuggetRush investors and analysts are rallying ahead of its potential listing this quarter. 

Listing on exchanges is a major catalyst that pushed low marketcap tokens to new highs. They believe NuggetRush will not be an exception. So, analysts have predicted a price target of $1.00 for NuggetRush, making it a good crypto to buy. 

>> Buy NuggetRush Now <<

Dogwifhat (WIF) Predicted To Rise To $5 in Q2 2024

Dogwifhat (WIF) is currently the largest meme coin on the Solana blockchain. After its latest price surge, Dogwifhat joined the top 50 cryptocurrencies by market cap and the top three meme coins. While the price of Dogwifhat has dropped 34.7% in the past week, WIF retains a 1.5% gain on the monthly chart. 

So, analysts are still bullish about the meme coin. They have cited Dogwifhat’s bullish momentum to the top in less than six months as a major factor in keeping an eye on its price trajectory. The price target on their mind is $10.00.

Bonk (BONK): Analysts Remain Bullish Despite Downturn 

Bonk (BONK), a Solana-based meme coin, is currently trading low on the price charts. 

According to CoinMarketCap, Bonk’s price has fallen by 37.3% in the past week and 30% in the past month. The meme coin, which reached a peak of $0.00004547 on March 4th, is now trading at the $0.00001346 – $0.00002209 price range.

However, recall that Bonk was once the largest meme coin on the Solana blockchain and still has a year-to-date increase of 1,400%. So, Bonk is a meme coin anyone should write off. Analysts believe the meme coin can still extend its remarkable gains this quarter.

Final Thoughts 

Analysts have picked Dogwifhat, NuggetRush, and Bonk as the best memecoins to buy in the market. From the list, NuggetRush is a notable coin to look at and top crypto to buy because of its extra utility as a gaming token.

Visit the NuggetRush Presale Website

The post Analysts Top Three Meme Coins That Can Give Huge ROI in Q2 2024 appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

On April 20, a pseudonymous security researcher, dm557, raised an alarm about a nefarious project on GitHub, highlighting the presence of an AI bot designed to steal crypto assets.

How This AI Bot Steals Crypto

dm557 discovered a “checkrug.py” file within the ai bot, containing an encrypted binary script designed to decrypt data and transmit private keys. Private keys are crucial in cryptocurrency transactions, acting as digital signatures. If these keys fall into the wrong hands, it can result in significant financial losses.

Evilcos, the pseudonymous founder of SlowMist, a well-known blockchain security firm, confirmed dm557’s findings and explained the bot’s operation. He noted the presence of a backdoor code within the bot, allowing it to steal users’ private keys.

Evilcos warned the crypto community to be cautious when encountering complex code, as it could hide malicious intent. He emphasized that in the open-source world of cryptocurrency, code should be readable and understandable. Complex or “garbled” code could indicate something fishy.

Current Status and Risks

As of press time, the project’s developer has removed the backdoor code. However, experts have cautioned against downloading the AI bot, suggesting that the removal of the malicious code might be a ploy to deceive unsuspecting users into downloading it.

Crypto developer Greysign advised staying away from repositories with a history of malicious activity. Despite the apparent removal of the backdoor, there’s a risk that it could be reinstated once more users download the bot.

Remarkably, the project’s author blocked attempts to flag it as risky, indicating an attempt to conceal its true nature.

Implications and Context

In the cryptocurrency market’s volatile and complex environment, AI bots have become essential tools for traders. The rapid fluctuations in prices pose challenges for manual trading strategies. Consequently, traders are increasingly turning to AI-powered bots for their ability to quickly analyze market data and execute trades.

However, the discovery of this malicious AI bot serves as a stark reminder of the risks involved in relying on such tools. Traders and users must exercise caution when downloading and using software, especially from unverified sources.

The incident also underscores the importance of vigilance within the cryptocurrency community. With the rise of innovative technologies, security measures must continuously evolve to combat new threats and protect users’ assets.

The post Crypto Stealing AI Bot Discovered on GitHub appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

Tether, the firm behind the leading stablecoin USDT, has made a significant move by issuing $60 million worth of USDT on The Open Network (TON) since April 19, making it the 11th largest blockchain for Tether out of 16 supported blockchains.

This development follows Tether’s collaboration announcement with the TON Foundation at the Token2049 crypto conference in Dubai. The partnership signals a pivotal moment for both Tether and TON, introducing the stablecoin to Telegram’s vast user base of 900 million.

Tether Partners with TON Foundation

Tether CEO Paolo Ardoino expressed satisfaction with the progress, stating that they had made a “great start” with $35 million USDT issued on TON. However, the authorized supply has since grown to $60 million, as per the latest Tether Transparency report.

One of the key features highlighted by the TON team is the instant, free, and user-friendly nature of cross-border payments, compared to sending a text message. This accessibility is expected to facilitate seamless transactions among Telegram users.

Fully Integrated On-Ramps

Moreover, Tether’s integration on TON includes fully integrated on-ramps from various fiat currencies globally, simplifying the process of acquiring USDT. Additionally, plans for integrated global off-ramps will allow users to withdraw supported fiat currencies directly to their bank accounts or cards.

Despite TON’s emergence as a new blockchain for Tether, the majority of Tether’s circulating supply remains on the Tron network, followed closely by Ethereum. However, the increasing deployment of Tether on various blockchains aims to alleviate the high network fees on Ethereum.

Tether USD Deployed on Several Other Blockchains

Besides TON, Tether has been deployed on several other prominent blockchains, including Solana, Avalanche, Omni, Cosmos, Tezos, Near, EOS, and Celo. 

Tether’s dominance in the stablecoin market is evident, with a market share of 69% of the entire stablecoin market capitalization, estimated at around $159.5 billion according to CoinMarketCap.

It is important to note that Tether is also entering new industries, recently announcing plans to launch a new arm that will be focused on providing courses, workshops, and other resources for skill development in blockchain technology.

TON Price Action

In response to the Tether-TON collaboration, Toncoin (TON) prices initially surged by 22% but quickly stabilized. As of writing, TON is trading down 0.48% on the day at $6.19, according to CoinMarketCap data.

The issuance of USDT on TON signifies a significant milestone for both the stablecoin firm and TON, underscoring the growing importance of stablecoins in facilitating efficient and cost-effective transactions within the cryptocurrency ecosystem.

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