Top AI and big data projects have witnessed a collective 22% increase in their market capitalization over the past week, reflecting the booming interest in this sector. 

As reported by Santiment, front-runners like Openfabric AI, Aleph.im, and Akash Network have experienced growth, with gains of 78%, 64%, and 49%, respectively.

At the same time, InQubeta, currently at a modest market cap of just around $56 million, concluded its successful presale (over $13 million raised) earlier this month and now prepares for its next steps following a Uniswap listing. QUBE is up 19% this week, as per Dextools.

Openfabric AI Spearheading AI Infrastructure

Openfabric AI, a decentralized platform providing infrastructure for AI applications, has emerged as a standout performer. It brings together AI innovators, data providers, businesses, and infrastructure providers to collaborate on building and deploying AI solutions. 

Openfabric’s approach supports users throughout the entire building process, setting it apart from other platforms. 

By working with various groups, including AI innovators, data providers, infrastructure providers, and service consumers, Openfabric simplifies the development and deployment of AI solutions through products like the Openfabric API, SDK, and AI marketplace.

 

Aleph.im: Decentralized Cloud Computing for Web3

The Aleph.im Network, a decentralized cloud computing platform, has also garnered significant attention. It offers services like decentralized cloud storage, computing, and identity frameworks, aiming to provide secure, scalable, and efficient cross-chain solutions for the Web3 ecosystem.

Aleph.im leverages blockchain technologies to enhance web3 cloud computing, enabling blockchain-agnostic file storage, data, and computation across multiple chains. 

With a focus on privacy preservation, data availability, and boosting the DeFi ecosystem, Aleph.im is well-positioned to drive innovation in the decentralized cloud computing space.

 

Akash Network: Decentralized Cloud Computing Marketplace

Akash Network, a decentralized cloud computing marketplace built on the Cosmos SDK and Tendermint consensus algorithm, has experienced a surge in its native AKT token. 

The network connects compute buyers with compute sellers, allowing users to lease computing resources and host and manage workloads through a set of cloud management services. 

The Akash Network Marketplace facilitates the matching of cloud providers with computer-hungry users on a unified platform, enabling users to set prices for deploying their software while providers bid to host the applications. 

Today, https://t.co/mNSePBKFv0 is officially launching support for Akash GPUs.

Brev is on a mission to create the easiest way to develop with the leading open-source AI models and deploy on GPUs in the cloud. Purpose-built for developers who prioritize speed and simplicity.… https://t.co/bSHBpOXYNl pic.twitter.com/hUfqYWikBZ

— Akash Network (@akashnet_) April 23, 2024

With features like Kubernetes-powered hosting, persistent storage, dedicated IP leasing, and permissionless deployment of applications, Akash Network offers a compelling proposition for decentralized cloud computing.

 

InQubeta: Democratizing AI Investments

InQubeta, a crypto crowdfunding NFT platform with a current market cap of around $56 million, has concluded its successful presale this month and now enjoys a healthy 19% pump this week.

What exactly is InQubeta though? 

This platform allows users to invest in AI start-up projects using QUBE tokens, offering reward and equity-based NFTs. By investing in QUBE, investors can participate in the growth and success of AI technology start-ups, potentially generating significant returns over time.

By democratizing AI investments, InQubeta enables individuals worldwide to invest in AI startups and innovations. 

The platform has a vibrant and engaged community, where ambassadors play a pivotal role in spreading awareness about the immense potential of AI investments. 

InQubeta ambassadors educate their network, foster a vibrant community, create engaging content, and provide valuable feedback to help improve the platform continually. All in all, InQubeta might potentially present an alternative in the growing AI/crypto sector.

 

Conclusion

As the AI sector continues to advance and garner speculative support from traders seeking exposure to artificial intelligence in its early stages, these projects might potentially offer opportunities.

However, as Santiment advises, it is always prudent to conduct thorough research before investing in any project. The surge in AI and big data projects’ market capitalization underscores the growing excitement and confidence in this sector.

While early successes are promising, the true potential of AI and its impact on our lives remains to be fully realized.

Join InQubeta

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Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. 

The upgrade aims to bolster transaction speed and security, potentially revitalizing interest in Bitcoin’s extended capabilities.

Stacks Initiates Nakamoto Upgrade, Targets Enhanced Bitcoin Scalability

Stacks, an L2 protocol addressing Bitcoin’s scalability challenges and expanding its blockchain functionalities, initiated its Nakamoto upgrade on April 22, 2024. 

This development is set to provide developers with enhanced tools for creating smart contracts and applications, leveraging Bitcoin’s strong infrastructure. 

According to the Stacks team, this upgrade is a strategic move to extend Bitcoin’s utility beyond its traditional role as a digital store of value.

Muneeb Ali, co-creator of Stacks, contends that the upgrade marks a pivotal moment for Bitcoin, emphasizing the return of developer interest in the platform. 

See Also: Polkadot’s New Storagehub Parachain Targets Improved Data Storage Efficiency

The Nakamoto upgrade is expected to introduce faster block times, reducing them from the current 10-30 minutes to approximately five seconds. This change is anticipated to alleviate congestion on the Bitcoin network, facilitating quicker and more cost-effective transactions.

“We’re in the midst of a big moment that’s all about the return of builders to Bitcoin,” Muneeb Ali, co-creator of Stacks, emphasized in a statement. 

“Innovations like Ordinals, Runes, and various layers have made Bitcoin fun again for developers and highlighted the massive opportunity to bring new use cases to the largest crypto economy,” the Stacks co-creator said.

Ali added:

The Nakamoto upgrade of Stacks this week is emblematic of the wider progression for the Bitcoin ecosystem as it scales rapidly beyond a store of value and into a secure base layer for experimentation and economic growth.

L2 solutions are projected to unlock over $1 trillion in dormant capital within the Bitcoin ecosystem by expanding its functionality, according to Stacks. 

The Nakamoto rollout, which will continue over the next month, promises to bolster Stacks’ reputation as a reliable network for accessing the Bitcoin economy. 

The news of Stacks’ Nakamoto upgrade follows a substantial influx of funding for Bitcoin-based L2 projects this year.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Crypto custodian Fireblocks announced on Wednesday that it has launched its dApp Protection and Transaction Simulation products, which will help protect institutions from run-ins with decentralized finance (DeFi) scammers.

Fireblocks’ DeFi Protection Tools

Both products have undergone beta testing with Galaxy and FlowDesk since December of last year. 

They are now available to safety check decentralized applications (dApps) across over 40 blockchains using Fireblocks’ APIs, including WalletConnect and MetaMask Institutional.

“As the DeFi sector experiences unprecedented growth, the need for proactive security measures has never been more critical,” wrote Fireblocks in a blog post on Wednesday.

DeFi’s growth over the past several years has coincided with more funds lost to hacks and scams, with clever criminals building more sophisticated smart contract tooling contracts to separate victims from their digital assets.

Volume stolen from DeFi hacks fell from $3.1 billion in 2022 to $1.1 billion in 2023, according to Chainalysis. 

However, data from CertiK suggests that theft volume has already bounced back to $500 million in Q1 2024 alone, using phishing websites, dApp takeovers, supply chain attacks, and the like.

See Also: Stripe Reintroduces Crypto Payments Via USDC Stablecoin

The Need For DeFi Safety Tools

The current security landscape necessitates that DeFi users have automated tools for detecting malicious or duplicitous smart contracts before interacting with them. 

Though some Fireblocks customers have internal Web3 security teams, most lack the resources to hire cybersecurity experts to navigate the inherently opaque and technical nature of contract calls.

As such, Fireblocks’ dApp protecting tool intends to fill the gap with real-time threat detection alerts before users interact with phishing websites or potentially compromised dApps.

Meanwhile, transaction simulation shows users a preview of the estimated change to their token balance caused by a smart contract interaction before actually using it.

“Deploying onchain trading strategies presents new security considerations. Fireblocks dApp Protection and Transaction Simulation empower our team to stay ahead of evolving onchain threat vectors while providing everyone in the transaction approval workflow with visibility and clarity into what they’re approving,” said Andrew Taubman, Deputy Chief Operations Officer.

According to DeFiLlama, the total value locked in DeFi protocols has risen from $54 billion at the start of 2024 to $94 billion today, reflecting rising enthusiasm in the crypto markets at large.

During a March webinar, experts at Chainalysis suggested that artificial intelligence and LLMs might be leveraged by hackers to find vulnerabilities in smart contracts, enabling more DeFi-based crime.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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The European Union (EU) has formally passed a new anti-money laundering regulation (AMLR), applicable to all crypto-asset service providers (CASPs).

The laws would provide more powers to Financial Intelligence Units (FIUs) to detect and combat money laundering and terrorist financing.

Per a Wednesday’s announcement, the package of legislations would impact crypto exchanges, brokers, regulated under MiCA (Markets in Crypto-Assets Regulation). 

These laws include “enhanced due diligence measures,” after which, obliged entities including crypto-asset managers must report suspicious activities to FIUs.

“If you want to use a CASP though for buying goods & services with crypto, even outside of a regular business relationship, this CASP will need to perform customer due diligence on you – meaning verify your identity + potential additional KYC/AML measures if the transaction is above €1K,” says Patrick Hansen, Circle’s EU Strategy and Policy Director, wrote in a tweet.

10/ Therefore, you will be able to use your self-custody wallets for buying goods/services in the EU without any restrictions.

— Patrick Hansen (@paddi_hansen) March 24, 2024

Furthermore, a new body – Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) – will be established in Frankfurt. 

This entity will supervise the new legislation on combating money laundering, the announcement read.

The Council hasn’t formally adopted the law yet and awaits publication in the EU’s Official Journal, it added.

See Also: Hong Kong Approves Spot Bitcoin and Ethereum ETFs, Trading To Start on April 30

Hansen wrote a series of Tweets, explaining how the legislation package impacts crypto asset service providers in the EU.

He started with blaming false news that the crypto media carried before announcing EU’s ban on anonymous crypto transactions. He further confirmed that the new AMLR law “is not a crypto regulation.”

“It’s a broad AML/CFT framework that applies to institutions, so called “obliged entities” (OEs). All financial institutions, including CASPs (crypto-asset service providers), are OEs.”

1/ Yesterday was a prime example of why crypto Twitter (and often crypto media) should not be trusted when it comes to crypto policy. Let's debunk claims that the EU is banning anonymous crypto transactions or self-custodial wallets.

Here is what’s actually in the EU Anti Money… pic.twitter.com/dsNZQzl9Mx

— Patrick Hansen (@paddi_hansen) March 24, 2024

What is New for CASPs Under EU’s AMLR?

The EU has already mandated CASPs to follow standard KYC/AML procedures like customer due diligence (CDD) under the existing anti-money laundering framework.

Hansen noted that there is nothing new under the new law which changes the already existing rules for CASPs. 

These include prohibition of services to anonymous users by custodial crypto businesses, prohibiting CASPs to provide accounts for privacy coins, among others.

“As such, this is nothing new either. Previous versions of the proposed AMLR proposed a way stricter approach that would have meant a KYC on the self-custody originator/beneficiary but also thanks to industry efforts a risk-based approach with various options was finally agreed on.”

However, the change is, the Parliament previously proposed an amendment to limit merchant payments from a self-custody wallet to €1K.

“This has been removed from the final, agreed-upon version,” wrote Hansen. “Therefore, you will be able to use your self-custody wallets for buying goods/services in the EU without any restrictions.”

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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A “fake” circular attributed to the Nigerian central bank had sparked panic amongst crypto faithful in the country.

The CBN only helped to stir further confusion with its response.

The circular eerily echoed CBN sentiments from the not-so-distant past.

Amid the Nigerian government’s recent crackdown on Binance and other international crypto exchanges for their alleged role in driving down the value of the naira, the country’s crypto scene has been rife with uncertainty.

Against this backdrop of uncertainty, a recent circular claiming to be from the Central Bank of Nigeria (CBN), the country’s apex bank, threatened to throw the space into full-on despair.

“Fake” CBN Circular Sparks Crypto Ban Fears

On Wednesday, April 24, a circular that has now been declared “fake” by the CBN saw several crypto news outlets reporting that Nigeria’s apex bank had issued a directive to banks and all financial institutions to identify and freeze accounts of users who trade “USDT illegally” on popular exchanges like Bybit, Kucoin, OKX, and Binance, arguing that the listed exchanges were not licensed in Nigeria.

This information did not originate from the Central Bank of Nigeria. For authentic updates, please visit the Bank's official website at https://t.co/R9TQU0eRpp. pic.twitter.com/f6BNwRab3x

— Central Bank of Nigeria (@cenbank) April 24, 2024

Unsurprisingly, the reports and circular had sparked significant consternation among members of the crypto community who feared that the bank was again set to effectively outlaw crypto transactions. 

See Also: EU Passed New Anti-Money Laundering Regulation: Here’s What it Means to Crypto

The CBN’s chaotic response did not help these fears.

The apex bank had inexplicably deleted the first post denying the authenticity of the circular, which stoked further uncertainty in the minds of onlookers.

For many, the circular stirred memories of the not-so-distant past while taking the stakes a notch higher.

Not Out of Character

In February 2021, the CBN issued a similar circular barring banks from facilitating crypto transactions. 

In December 2023, however, Nigeria’s apex bank lifted this embargo, suggesting that the continued growth of the nascent market pointed to regulation as the optimal approach over a blanket ban.

The recent fake circular is almost identical to the CBN’s statements in 2021, save one key difference: it asserts that merchants on the listed exchanges would be arrested.

At the time of writing, Nigeria’s apex bank has yet to return Bitcoinworld’s request for comment on the source of the fake circular and the reason for the CBN’s stuttered response.

While the CBN has declared the circular fake, there is still a very real crackdown on crypto exchanges in the country. 

In 2024, the apex bank called on telecommunication networks to block access to the websites of a slew of popular crypto exchanges in Nigeria as part of supposed efforts to stabilize the naira.

Soaring inflation and rapid naira devaluation have seen several young Nigerians turn to crypto, particularly stablecoins like USDT, to safeguard their wealth. 

The country’s recent crackdown on crypto exchanges has left many on edge, with the recently denied CBN circular threatening to deepen concerns further and roll back progress made at the end of 2023.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Manchester City has embarked on a groundbreaking journey into NFTs and digital collectibles through its newly announced partnership with Quidd, a leading digital collectible platform. 

This multi-year collaboration is set to unveil a collection of Manchester City-themed non-fungible token (NFT) trading cards. This exclusive offering is said to immerse fans in a unique and innovative experience with football memorabilia. 

Quidd Is Facilitating Cityzens Engagement

Quidd will be the exclusive platform for fans to acquire these one-of-a-kind digital assets, unlocking a host of special benefits, including merchandise, hospitality tickets, and unforgettable experiences, all designed to make our fans feel genuinely valued.

Big News! @Quidd has officially partnered with @ManCity and the new collection drops on 2 May!

Get ready to collect some of the best players in the game https://t.co/Y3cYAjPHWZ pic.twitter.com/l9hjBkl1pc

— Quidd (@quidd) April 24, 2024

Quidd chief executive Michael Bramlage expresses the significance of the partnership, stating; 

“This partnership signals our intent to revolutionize the world of sport collectibles, so it makes sense for Quidd to align with Manchester City, the most forward-thinking and progressive soccer club on Earth.”

Tom Boyle, Vice-President of global partnerships marketing and operations at City Football Group, expressed his excitement about the collaboration’s potential to transform the traditional football pastime of collecting cards and memorabilia in the fast-growing tech world. 

Boyle added,

“We’re excited to help transform the traditional football pastime of cards and collectibles in a new digital age alongside Quidd, enabling us to further connect with our fans across the globe.”

The partnership’s inaugural offering will feature over 200 bespoke player cards, which will be released on May 2 through the state-of-the-art Quidd marketplace.

See Also: Polkadot’s New Storagehub Parachain Targets Improved Data Storage Efficiency

To commemorate the launch, the first 10,000 Cityzens, the affectionate term for Manchester City fans, will receive two free packs and exclusive access to additional “For The Fans” packs within 72 hours of release.

Cityzens who unlock digital rewards through the Quidd packs will also have the opportunity to participate in real-world events and purchase opportunities, including official Manchester City merchandise and hospitality tickets, as well as winning “money-can’t-buy experiences,” such as an exclusive opportunity to watch a first team training session at the City Football Academy.

This initiative engages fans in a novel digital collecting experience and rewards their loyalty with exclusive perks and privileges.

This partnership with Quidd marks Manchester City’s latest foray into the NFT space. It builds upon previous initiatives that garnered much attention in the sports or crypto space.

From commemorating historic moments in the club’s illustrious history to celebrating women’s football and empowering fans to participate in exclusive NFT drops, Manchester City continues to push the boundaries of innovation and strategic partnership in the sports industry.

Manchester City At The Forefront Of Crypto & Web3 Adoption

Manchester City has been actively exploring the NFT space, with recent initiatives including the launch of its “Unseen City Shirts” NFT collection on the OKX blockchain on April 22. 

This collection features limited NFTs tied to physical, limited-edition jerseys featuring hand-painted artwork. 

Moreover, the club partnered with Sony in 2022 to develop a virtual version of Etihad Stadium, making it reportedly the first officially licensed football stadium built in the metaverse.

Furthermore, Quidd’s partnership with Manchester City adds to the club’s impressive roster of global sponsors, including top-line partners such as airline Etihad Airways and sportswear manufacturer Puma. 

These partnerships have significantly contributed to the club’s record revenue during the 2022–23 Premier League season.

Notably, this collaboration represents Quidd’s second partnership with a professional football team for the release of themed trading cards. 

Last month, Quidd secured a similar multi-year partnership with Newcastle United, marking the football club’s first venture into digital collectibles. 

Manchester City’s presence in the NFT space is already established, with previous initiatives such as partnering with PUMA to release an NFT drop commemorating the tenth anniversary of its first Premier League triumph and launching the “Same City, Same Passion” NFT collection celebrating women’s football. 

Additionally, OKX is collectively trying to position itself at the forefront of mass adoption. Last year, OKX signed a $70 million deal to become Manchester City’s official sleeve sponsor, which is evidence of this. 

Manchester City also uses all these to position itself at the forefront of innovation, creating new avenues for fan interaction, revenues, and engagement.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

 

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Ki Young Ju, CEO of CryptoQuant, has opposed the US Department of Justice’s (DOJ) charge on two co-founders of crypto mixing service Samourai Wallet.

The US DOJ has arrested pioneers in #Bitcoin privacy technology.

Privacy stands as a core value of Bitcoin. Mixing itself is not a crime. Even crypto exchanges use mixing to safeguard user privacy.

It's like punishing the inventor of the knife instead of the one who uses it. https://t.co/S7qcqtqCJh

— Ki Young Ju (@ki_young_ju) April 25, 2024

Samourai Wallet founders were both arrested on Monday after being charged with money laundering offenses by the DOJ.

The CEO’s stance aligns with most opinions from experts and investors in the broader crypto market.

CryptoQuant CEO Stands by Samourai Wallet Co-founders

A quick back story. Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill were both arrested on Monday after being charged with money laundering offenses by the DOJ. 

The minimum penalty for the charges is five years, and the maximum is twenty years.

Their arrest was part of an effort from the US government to prosecute protocols used for crypto mixing tools. Regulators noted that these tools could be used by bad actors and foreign governments to conceal fund transactions.

However, CryptoQuant’s CEO sternly criticized the DOJ for pressing charges against Samourai Wallet founders in a rare advocacy move. 

See Also: Stripe Reintroduces Crypto Payments Via USDC Stablecoin

He noted that Rodriguez and Hill are both pioneers in Bitcoin’s privacy technology. According to him, privacy stands as a core value of Bitcoin.

The CEO argues that mixing in crypto is legal, and highlights that crypto exchanges use this capability to safeguard their consumers’ privacy. He likened the founders’ arrest to punishing the inventor of the knife instead of the one who uses it.

The founders’ arrest has reverberated within the crypto community with many opposing such a move. 

One user even commented that the US government is clearly against Bitcoin privacy. 

According to the announcement of the founders’ arrest, the pair were accused of facilitating over $100 million in money laundering transactions from illegal dark web markets.

The release claims Samourai facilitated approximately $2 billion in “unlawful transactions” between 2015 to date. 

This amount was determined by converting the value of Bitcoin laundered through the platform to US dollars.

Furthermore, Rodriguez and Hill were also accused of collecting about $4.5 million in transaction fees for their mixing services. The indictment revealed different features had different pool fees.

According to the press statement, Rodriguez was taken into custody on Wednesday morning and is scheduled to appear in court in Pennsylvania later today or tomorrow.  

In a similar move, Hill was detained in Portugal on Wednesday morning and anticipated to be extradited to the United States.

At the moment, a seizure warrant has been filed for the Samourai mobile application on the Google Play Store, and the Samourai Wallet website which was hosted in Iceland has also been seized.

Benefits of Crypto Mixing

According to reports, the primary reason for using a Bitcoin mixer is to protect users’ privacy. Notably, all transactions made with cryptocurrencies are public. 

Thus, crypto mixing enables a skilled user to track the funds back to the original owner if not adequately anonymized.

Users may protect their assets and stay anonymous by using a crypto-mixing service. 

This is particularly crucial if you want to keep your cryptocurrency transactions private and you’re utilizing them for legitimate purchases.

#Binance #WRITE2EARN

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Renzo Protocol’s restaked Ether token, EZETH, experienced a significant price depeg on April 24 after it’s airdrop campaign, causing a temporary drop in its value on the Uniswap decentralized exchange.

Renzo Protocol‘s restaked Ether token, EZETH, experienced a significant price depeg on April 24, causing a temporary drop in its value on the Uniswap decentralized exchange. 

The token’s price briefly fell to a low of $688 before recovering and returning to its price parity with Ethereum (ETH). 

The depegging incident appears to be a result of a broader sell-off triggered by the conclusion of Renzo Protocol’s season 1 airdrop.

Instances of depegging incidents like this have become a common challenge for LRTs. The temporary imbalance in DEX pools can lead to a depeg, even if withdrawals are enabled. 

See Also: BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

This depegging event resulted in significant liquidations on leveraged platforms such as Gearbox and Morpho Labs, where users who repeatedly utilize LRTs as collateral for borrowing ETH faced substantial losses.

Renzo Protocol is currently the second-largest liquid restaking protocol, with a total value locked (TVL) of over $3.3 billion, representing a 126% increase in the past month. 

The largest liquid restaking protocol is Ether.fi, with a TVL of over $3.9 billion, according to DefiLlama.

Renzo Protocol has gained considerable attention recently, particularly after its incoming token, REZ, was added to the Binance launchpool on April 23. 

On the same day, the protocol announced an incoming airdrop, allocating 10% of its token distribution to season 1 participants.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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StorageHub, a Polkadot parachain, is joining the decentralized data storage revolution, promoting efficiency and network accessibility through decentralized storage solutions.

StorageHub is a public goods parachain, optimized for file-based storage and larger data sets that are challenging to manage for conventional storage solutions.

The network would be designed to serve as a public goods parachain, prioritizing larger data sets and file-based storage while upholding decentralization principles.

Web3 Foundation, developers of Polkadot, said:

“The essence of StorageHub lies in its ability to offer an efficient, decentralized storage option for web3 applications, enabling the storage of large files and data sets without compromising on decentralization principles​​.”

StorageHub Development

The network would be designed to seamlessly integrate with all Polkadot and Kusama parachains while enabling interoperability via cross-chain messaging (XCM). 

See Also: Renzo Protocol’s EZETH Faces Price Depeg Following End of Airdrop Campaign

Thus, users can interact with StorageHub directly or through the existing parachains.

The project unfolds in two distinct phases. The initial eight-month period focuses on foundational development, laying the groundwork for the platform. 

Subsequently, a four-month phase is dedicated to rigorous testing, auditing, and optimization, ensuring reliability and seamless integration of components.

Following the initial development phase, beta versions of StorageHub would be available to the public for testing and feedback.

Polkadot said this phased approach ensures thoroughness and reliability while laying a solid foundation for StorageHub’s deployment.

Decentralized Storage

Decentralized data storage offers an alternative to centralized systems. It allows users to store, access, and share files in a distributed manner, thereby enhancing security, privacy, and scalability.

While centralized storage relies on a single server, decentralized storage spreads data across network nodes, removing the need for third-party data management.

According to recent data, the sector has reached a market capitalization of $7.5 billion, with Filecoin and Arweave being the dominant blockchains.

Notably, the Binance-backed BNB chain is poised to enter the scene by developing BNB Greenfield, a decentralized storage system with smart contract integrations for Web3 applications.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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At the company’s Global Internet Economy conference on Thursday, Stripe revealed its decision to reintroduce support for crypto payments via USDC stablecoin.

During the final keynote session, titled The Future of Payments, Stripe’s president, John Collison, highlighted the company’s previous involvement with cryptocurrency, noting that their experience with crypto dates back a long time. 

Collison referenced the company’s earlier venture into Bitcoin (BTC) support in 2018, which was discontinued due to underutilization.

Collison expressed enthusiasm about the reintroduction, stating that Stripe is excited to bring back crypto to accept payments but only wanted Circle’s USDC stablecoin and a much better experience.

See Also: Gym Doge (GYMDOGE) Prepares for Massive Rally as it Challenges Shiba Inu and Dogecoin

The decision to reintegrate crypto payments stems from its increasing utility, as emphasized in Collison’s presentation. 

Collison pointed out the improvements in transaction speeds and decreasing costs that make crypto a more viable medium of exchange.

This feature’s rollout is anticipated later this summer, marking Stripe’s reentry into the crypto sphere after a period of relative quiet. 

Collison had previously indicated the company’s interest in crypto’s potential despite some earlier products facing low demand.

Last May, Stripe introduced a fiat-to-crypto onramp, providing options for both customizable embeddable onramps for web3 companies and a Stripe-hosted option for user convenience.

Stripe’s reintroduction of crypto payments reflects a strategic decision to adapt to the evolving landscape of digital payments. 

It acknowledges the growing value of crypto in global transactions while striving to enhance user experience and accessibility.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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The Securities and Futures Commission (SFC) of Hong Kong has officially granted approval for several spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region.

The Securities and Futures Commission (SFC) of Hong Kong has officially granted approval for several spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region. 

The approved ETFs include ChinaAMC, Harvest, and Bosera HashKey Bitcoin and Ether ETFs, as listed on the SFC website.

Although conditional approval was granted earlier this month, the official stamp of approval sets the stage for trading to begin on April 30, as confirmed by ChinaAMC in a press release. 

Thomas Zhu, ChinaAMC’s head of digital assets and head of family office business, highlighted the benefits of these spot Bitcoin and Ether ETFs, stating that they provide a regulated framework for retail and institutional investors to safely and conveniently invest in virtual assets. 

See Also: US Authorities Arrest And Charge William Morro, A New Figure In Onecoin Scheme

He also expressed expectations of robust demand for their offerings, given the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong.

ChinaAMC and Harvest Global Investments, whose ETFs were among those approved, have confirmed that they will be utilizing digital asset platform OSL as their “sub-custodian partner.” 

OSL stated that the conditional approval signifies substantial completion of the regulatory vetting process and that they are working intensively to ensure a smooth launch.

While it remains uncertain whether investors from mainland China will be able to purchase these ETFs, the potential entry of up to $25 billion into the market is noteworthy.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

The post Hong Kong Approves Spot Bitcoin and Ethereum ETFs, Trading To Start on April 30 appeared first on BitcoinWorld.

TLDR

Toncoin’s (TON) increasing utility sees it rise to an all-time high.

Stacks (STX) analysts foresee a rise to the $5.69 mark by May for the STX token.

Rebel Satoshi ($RECQ) is set to surge by 237.84%, with even bigger returns in store once it starts trading on top exchanges.

Amid the recent market correction, top crypto coins like TON and Stacks’ STX have been forecasted to experience substantial growth. Among these bullish forecasts, Rebel Satoshi’s $RECQ has emerged as a favorite, offering Early Bird-Round investors an impressive 525% return on investment (ROI). To better understand the outlook for these coins, let’s examine the perspectives of experts on Toncoin, Stacks, and Rebel Satoshi.

 

Toncoin Surges to Record High, Becomes a Top Ten Cryptocurrency

On April 11, TON achieved a new all-time high of $7.65. This remarkable achievement followed a string of important development updates from The Open Network, further solidifying Toncoin’s position in the market.

Contrary to expectations, there has been a significant decline in the value of TON. Toncoin fell from its all-time high to $6.25 on April 20, signifying a 6.11% dip. This price action has led a few experts on Toncoin to express dissatisfaction with the recent market run surrounding TON. Consequently, they have predicted a further decline in the value of TON, projecting it to reach around $5 by the end of April.

However, contrary to the above predictions, some experts on Toncoin have made bold forecasts. Most of these predictions have stated that TON will rise to about $8.54 by mid-May due to Toncoin’s integration into payment systems. This optimistic outlook highlights the potential for Toncoin to regain its momentum and soon surpass its previous all-time high.

 

Following the Nakamoto Upgrade, Stacks Analysts Expect a Surge for STX

On March 18, the Stacks community voted to go ahead with the Nakamoto Upgrade. This upgrade promises to enhance the Stacks platform’s speed and security, positioning it for greater efficiency and robustness and setting the stage for future growth and development. This significant development has generated excitement within the Stacks ecosystem.

Following this announcement, the value of STX experienced a remarkable 41.15% increase. Initially valued at $2.65 at the time of the vote, the price of STX has climbed to $3.61. Optimistic experts in the Stacks ecosystem have forecasted a further ascent in the DeFi coin price, projecting it to reach $5.69 by May.

Conversely, not all Stacks analysts share this bullish outlook. Some experts believe that technical signals suggest a potential decline in the value of STX after analyzing recent technical indicators. Their predictions indicate that the price of STX could potentially drop to $2.86 by mid-April.

Rebel Satoshi’s $RECQ Becomes a Crypto Investment Rising Star

Rebel Satoshi has quickly become a popular investment among investors in Jupiter, Celestia, and Toncoin due to its recent developments and optimistic prospects. Interestingly, Rebel Satoshi is hosted on the Ethereum blockchain, which is one of the most secure systems in the cryptocurrency industry, providing a strong foundation for the project.

Analysts estimate that Rebel Satoshi will experience a spectacular 100X rise before the end of 2024, driving significant investor interest. This projection emphasizes Rebel Satoshi‘s potential to generate substantial profits, drawing attention from both experienced and new investors seeking profitable investment opportunities in the cryptocurrency market.

As Rebel Satoshi‘s momentum builds and its ecosystem expands, it establishes itself as one of the top meme coins, attracting a large number of cryptocurrency investors. While market corrections and volatility have an impact on sentiment in the crypto sector, Rebel Satoshi’s $RBLZ and $RECQ continue to offer prospects for significant growth and investment. Rebel Satoshi has shown promise and is on course to shape the future of decentralized ecosystems.

Investors can purchase the $RECQ coin, which is currently in Stage 1 of its presale and trades for $0.0037. Once Stage 1 is sold out, $RECQ‘s price will jump to $0.0044. When $RECQ reaches its debut price of $0.0125, the Early Bird investors will experience an increase of 525%. Meanwhile, when $RECQ reaches $0.0125, Stage 1 investors will earn 237.84% of their investment, highlighting the potential for substantial returns for early participants.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

The post Rebel Satoshi’s Presale Won’t Slow Down Amid Big Token Purchases; Toncoin and Stacks Eye New All-Time Highs appeared first on BitcoinWorld.

Fleek Network is an edge-optimized, decentralized cloud platform. Think AWS meets Uber., In an exclusive interview with BitcoinWorld, We bring up how Fleek Network help developers in building and hosting websites and applications, What is the main goal of Fleek as a platform, & Many More, 

 

Can you explain in simple terms what Fleek is and what it does?

Fleek Network is an edge-optimized, decentralized cloud platform. Think AWS meets Uber. Fleek Network algorithmically operates a global network of web infrastructure operators (called nodes) to create a superior cloud platform for developers to run their software and applications on. Better performance, lower cost, open source, verifiable, and no central operator (meaning no corporate nonsense like confusing pricing, data abuse, censorship, deplatforming, etc.).

Who is Harrison Hines, and what role does he play in Fleek?

Harrison Hines is the Co-Founder and CEO of Fleek. When he joined the Ethereum space in 2017, Harrison saw that many smart people and projects were focused on building decentralized financial infrastructure, but not nearly as many focused on decentralizing the internet’s infrastructure itself. So, Harrison felt he could have the biggest impact and contribution to web3 in that area.

What is the main goal of Fleek as a platform?

Fleek believes that using corporate-controlled web infrastructure has the same inherent risks as using banks. Things like censorship, de-platforming, data abuse, tampering, and more run rampant. This is the opposite of what the web was supposed to be. The internet was envisioned to be open, permissionless, borderless, and free of centralized gatekeepers.

 

Fleek’s goal is to help solve this problem by offering cloud infra and services that aren’t owned and operated by centralized companies at all. This would hopefully break the current cloud oligopoly plaguing today’s internet.  The catch is that in order for this to work, the cloud infra and web services built on top need to perform as good, or better, than traditional cloud infra. Because developers simply won’t switch to inferior infrastructure, especially given the high demands of modern web users in terms of latency and load times. However high performance and low cost infra still isn’t enough. Developers also need an equal or better developer experience in order to switch. That is where the Fleek platform comes in. 

 

Fleek Network is the decentralized cloud infrastructure layer, whereas Fleek is the modern, open source, edge-optimized cloud platform that surfaces Fleek Network-powered web services and use cases (Edge Functions, CDN, Next.js hosting, etc.) and makes it super quick and easy for web developers to build highly performant apps and/or migrate existing infrastructure to Fleek Network to enjoy the performance, cost and decentralization benefits. But the longer-term goal is not to compete with all these other developer platforms; the goal is to showcase to them that Fleek Network is a viable infrastructure option to run some of their own infra and services on (instead of AWS or other traditional clouds where they currently run) due to the performance, cost, and verifiability advantages.  

How does Fleek help developers in building and hosting websites and applications?

We help developers by providing permissionless, irrevocable access to highly performant, low-cost, open source and censorship-resistant infrastructure and web services (powered by Fleek Network) without any of the corporate nonsense you deal with on traditional cloud platforms. Plus, you don’t have to worry about any DevOps or infrastructure maintenance or scaling or anything. You get all the edge, performance, and auto-scaling benefits out of the box with no added work or effort required. All you need to do is link your git repo and deploy your code and Fleek handles the rest. The goal is to provide a growing suite of products, services and use cases that cover the full stack needs of modern developers and their applications, all in one seamless platform and developer workflow. 

What does “Web3 development” mean, and how does Fleek contribute to it?

Web3 is sort of a catch-all term for the blockchain industry, but we actually don’t love it as a term and are going to start moving away from it, as we feel it unnecessarily pigeonholes us from connecting with traditional web developers, who might assume web3 development is not for them. Because the products and services Fleek builds are relevant and provide benefits to all web developers, regardless of what industry they work in. But with that said, in terms of how we contribute to the blockchain industry, we feel Fleek is a big missing piece of the current decentralized web stack, because every blockchain-based protocol, middleware and app today uses traditional cloud infrastructure (Cloudflare, AWS, etc.) to meet the performance demands of modern web developers and users. If Fleek can provide those same highly performant cloud and web services in a fully decentralized and permissionless manner, we feel that is going to add a lot of value to almost every project in the space, and be an extremely attractive infrastructure option for the industry. 

Can you explain what “decentralized edge network and protocol” means in the context of Fleek Network?

Fleek Network is a decentralized, edge-optimized cloud platform that consists of two main layers: the blockchain protocol underneath and the edge network that sits on top of it. So, when we refer to the protocol, we are typically referring to the blockchain parts of Fleek Network. When we talk about the edge network, we are typically referring to the developer-facing parts of Fleek Network. The edge network in the case of Fleek Network is pretty similar to other edge/cloud platforms – it’s a multi-location, geo-aware infrastructure setup that offers different web services on top. The blockchain protocol, however, is where the main differences are from traditional clouds because in a decentralized setting, you need to somehow replace the management, security, and governance of the underlying hardware/infrastructure, which typically gets handled by the centralized corporation running the network (ex. AWS). But in a decentralized setting like in Fleek Network, the blockchain is what handles all of that through a combination of cryptography, algorithms, and incentives. While it might seem harder to do it in a decentralized way, the cost, performance, and reliability benefits make it a worthwhile endeavor, especially considering the world’s increasing dependence on the internet and performant web infrastructure. 

Could you explain the difference between http://Fleek.co and Fleek.xyz?

Fleek.co was the original platform which only focused on static capabilities like static hosting and storage. Fleek.xyz is the new platform that will support full stack development and is much more aligned with the open source, onchain future, and where all Fleek Network powered features/functionality will be surfaced. Sometimes, in software, it’s just easier to start from scratch rather than try to retrofit new ideas into an old foundation. That was the case here. The Fleek.co platform will be fully sunset this summer and all future use will just be on Fleek.xyz which will avoid any confusion. Having both platforms is just a temporary thing. 

What are some of the key features of Fleek, particularly regarding IPFS hosting and Internet Computer site hosting?

We don’t support Internet Computer hosting anymore because users weren’t interested in it. The key things developers like specifically about our IPFS hosting is that we make it super seamless, performant, and we have other supporting features that pair with it that onchain developers in particular love, such as ENS domain support. 

How easy is it to deploy a website or application using Fleek?

Extremely easy. Any developer can deploy their app in under 1 minute. All you need to do is link your github and pick your repo and you are good to go. As we release more types of infrastructure/web services we will keep the theme the same: seamless devex, and little to no configuration or code changes to migrate to Fleek. 

What options does Fleek offer for customizing domain names for hosted projects?

Fleek offers the same customization that any other cloud platform offers. Fleek does not get opinionated about domains, developers are free to use whatever domains and whatever domain providers or customization they want in conjunction with their Fleek usage. We work with any/all of them. What’s unique is we also support onchain domains, such as ENS, which not many other cloud providers do at the moment. And we also make it easy to link/route IPFS CID’s (content identifiers) to domains which onchain developers also appreciate. 

How does Fleek support DNS, ENS, and HNS domains?

Exactly that, we support DNS and ENS, meaning a developer can seamlessly link any DNS or ENS name to their app and Fleek will handle any future updates to your app automatically so that you never need to touch the records again. We don’t support HNS anymore. Similar to Internet Computer hosting, developers just weren’t interested in using it, so it didn’t make sense for us to continue supporting it.

What is Fleek Storage, and how does it differ from traditional storage solutions?

The main difference is that we offer decentralized storage solutions like Arweave and Filecoin which are typically cheaper and provide better security and reliability guarantees compared to traditional cloud storage. In traditional cloud storage your files just live on somebody else’s servers where it’s subject to data abuse (like using it to train AI models), tampering, censorship, deletion, etc. Using decentralized storage solutions eliminates most of those concerns. 

Where can users find additional resources, such as documentation, support channels, and community forums, for Fleek?

First and foremost would be our website, https://fleek.network/, which also has links to extensive documentation on all of the details, services and use cases for Fleek Network. For application developers, we offer comprehensive guides and documentation at https://fleek.xyz, We also have a social media presence on X, available at https://twitter.com/fleek_net, as well as our Discord, https://discord.gg/fleek. Lastly, our GitHub is available at https://github.com/fleek-network. 

Are there any upcoming features or developments in Fleek that users should be aware of?

The testnet launch for Fleek Network will be in mid-May. Fleek.xyz will also debut new features in conjunction with the testnet launch, such as Edge Functions and full Next.js app hosting support. And a lot of new products/features will continuously follow after that as more functionality gets added to Fleek Network and packaged/surfaced by the Fleek platform team into Fleek.xyz. 

 

For more such insightful posts and interviews, visit Bitcoinworld.co.in

The post An Interview With Fleek appeared first on BitcoinWorld.

TLDR

Ethereum’s (ETH) price may reclaim support or decline towards $2.5K.

Milei Moneda ($MEDA) witnessed a remarkable surge in its ongoing presale.

With Ethereum (ETH) consolidating around the $3,000 support level following its recent halving event, experts are analyzing whether it can reclaim its previous high of $3,500. Meanwhile, Milei Moneda ($MEDA) continues to soar in its presale as it prepares for its highly anticipated Uniswap listing. Let’s explore why you should add these top altcoins to your investment portfolio.

Economize Like Milei: Invest in $MEDA!

 

Ethereum’s $3,000 Support Holds Firm Amid Market Uncertainty 

Ethereum’s price trajectory has recently been a subject of keen interest, with many wondering if it can reach the $3,500 level once again. Meanwhile, the daily chart of Ethereum shows a notable pattern of corrective retracements, culminating in the price finding support within a crucial zone.

Although the minor bullish RSI divergence suggests that the price could potentially reclaim the $3.5,000 support level, breaking below this critical support unexpectedly could set off a decline toward $2.5K.

Zooming in on the 4-hour chart, there is a formation of a descending wedge pattern during a multi-month consolidation correction. Following the halving event, the price reached the lower boundary of the wedge and found support around the $3,000 mark. This has resulted in a consolidation phase characterized by minimal volatility, indicating the presence of buying pressure within this crucial range.

Experts are closely monitoring the funding rates to gain further insights into the market sentiment and the driving factors behind Ethereum’s price movements. As ETH prices dropped, funding rates declined, and many future positions were liquidated during the downtrend.

Consequently, the market is now primed for long positions to re-emerge, potentially causing prices to pump upwards again.

 

Milei Moneda Presale Surges Ahead With a Strong Investor Interest

While experts analyze Ethereum’s price trend and potential impact on the market, the remarkable momentum gained by Milei Moneda’s native token, $MEDA, in its presale phase cannot be ignored. Known for its vibrant community and promising growth prospects, Milei Moneda has quickly established itself as the best crypto to buy for investors seeking substantial returns.

Milei Moneda sets itself apart with its commitment to minimizing trading fees. With a 0% tax system in place, Milei Moneda ensures that investors can trade and transact with minimal financial burden. This aspect makes it the best crypto for beginners as well as seasoned investors seeking cost-effective opportunities.

Unlike many other meme coins that rely solely on internet hype, $MEDA sets itself apart by placing a strong emphasis on community engagement and establishing partnerships with influencers. This strategic approach underscores $MEDA’s commitment to long-term viability and sustainability, indicating that it aims to transcend the short-lived popularity often associated with meme coins.

Currently, Milei Moneda tokens are available in Stage 2 of the public presale at an altcoin price of $0.0125. As the presale progresses to Stage 3, the value of $MEDA is expected to rise to $0.015. With its anticipated launch on Uniswap fast approaching, Milei Moneda aims to establish a solid presence in the market by listing at a DeFi coin price of $0.020.

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

The post Post-Halving Analysis: Can Ethereum Retest $3,500 Now? Expert Explains Price Trend On Ethereum As $MEDA Presale Surges appeared first on BitcoinWorld.

The position of occasion which the cryptocurrency request offers to everyone can’t be set up in any other aspect of the fiscal sector. 

As a result of these massive openings, it has been suitable to evolve, giving the common man a regard for the stopgap that fiscal freedom can be possible with little. 

Bitgert is one of the few cryptocurrencies currently gaining massive momentum and increasing interest by investors making it buzz all over the industry.

In this composition, the focus will be on Bitgert and how it has been gaining momentum and becoming a major trend in the industry.

 

Superior Scalability, Boosting Momentum Of Bitgert

The superb scalability of Bitgert remains a charm for its nonstop magnet of investors. The issue of scalability has agonized the cryptocurrency sector for a long time as numerous chains don’t have the capacity to match increased operation of the blockchain. 

Still, Bitgert is an exception with its super scalable capacity, allowing it to handle thousands of deals within seconds. This has given investors further confidence in the design as it’s a known fact that with further scalability comes more viability on a long term basis for any design.  

By icing flawless deals through its scalable nature, Bitgert has eased further relinquishment thereby adding demand for the coin and its services across the blockchain sector, boosting it momentum as a result of increasing interest from investors

 

Harmonious Innovative Results Responsible For Trend Of Bitgert. 

The world of cryptocurrency gets developed on a regular basis and this is responsible for the strength maintained over the times. Bitgert has been suitable to identify setbacks in the space and deliver the results investors seek thereby leading to wider relinquishment. 

The Bitgert chain offers a veritably scalable, secure and decentralized way to carry out deals. Its nippy way of carrying out deals puts it in a superior position over other crypto systems. 

While offering top scalability, Bitgert does n’t fail to offer the stylishness of smart contracts. By encouraging tone executing contracts, it makes deals briskly and flawless and this naturally increases interest in it and has made it the most talked about coin in the industry.

Other than scalability, interoperability has not been ignored by Bitgert. Its comity with Ethereum Virtual Machine has made it a better option for numerous investors, thereby allowing it to attain wide relinquishment. 

 

Conclusion 

The unique nature of Bitgert has made it investors favorite and the hottest trending cryptocurrencies at the moment. Bitgert has shown how essential it’s to have real world serviceability that will fluently be a boost to project growth. Investors should always flash back that DYOR is veritably important. To get more information, visit this website.

The post Exploring the Buzz: Bitgert Coin’s Unprecedented Trending Momentum appeared first on BitcoinWorld.

The growing buzz in the meme coin world right now is growing faster than anyone is thinking. This is because, with the Bitcoin halving that was just completed, investors can now start looking out for meme coins to invest in. Hence, most meme coins are refactoring and repositioning themselves for future investment. But, with all this rush and buzz, one meme coin is currently causing a shake that’s pushing all others off the stage. We are talking about the BEFE meme coin. 

The BEFE coin is currently seeing an unprecedented trending momentum that makes BEFE the favorite of most investors. This is particularly because BEFE has been growing investors’ initial investment by over 30 times in the last 6 weeks. A closer look at BEFE will be able to help you respond to the BEFE price movement by the end of this article.

 

Starting Now and Going All-In

The best way to invest in BEFE with the current buzz rising around the meme coin is to invest with any amount you can get right now. Here is the catch: the rising hype around the BEFE meme coin is growing better every day. This means that every day you don’t have an investment in the BEFE coin, you are potentially missing out on a lot more than you can think of. 

So, the trick is to start making your investment now with whatever you can get at the moment to secure a spot in the BEFE rising price. Then, when you get a larger investment capital, go all in. With the growing trends and rising prices of BEFE every day, you could miss out on the best price to help you maximize profit. 

 

Staying Closer to The Hype

The hype around looks better than it was in the last few weeks. This suggests that it can even get better in the next weeks when other people join the BEFE community. This is something that can happen within 3 weeks, but you will maximize your win by staying closer to the hype across social media platforms. Be a part of the BEFE coin community, and talk about the coin to contribute to the buzz.

The BEFE community is growing and getting better with new investors joining every day. The price on the charts is also showing there could be a huge bullish drive coming; it could be sooner than we thought. 

Start investing today. Visit the BEFE website to start today.

The post Exploring the Buzz: BEFE Coin’s Unprecedented Trending Momentum appeared first on BitcoinWorld.

Dubai FinTech Summit to take place 6 – 7 May at Madinat Jumeirah.

2nd edition of the summit will bring together over 8,000 decision-makers, over 300 thought leaders across five stages and more than 200 exhibitors showcasing cutting-edge technologies.

FinTech landscape is booming with over 800 FinTech start-ups worth USD 15.5bn.

 

Dubai, 26 April 2024: For the second consecutive year, Dubai will remain in the spotlight as it hosts the second edition of Dubai FinTech Summit, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE and President of DIFC, which is set to take place on 6-7 May at Madinat Jumeirah.

Organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, the Summit will bring together 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.

The global FinTech sector is rapidly growing and is predicted to be valued at USD 608bn globally by 2029, according to Mordor Intelligence, a market intelligence and advisory firm. Bucking the downward global market trend, the MENA FinTech market is expected to register a CAGR of over eight per cent during the period 2024 to 2029.

Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth USD15.5 bn, according to data by dealroom.co. Reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.

 

Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: “Nearly 60 per cent of all FinTech companies in the GCC are currently based in Dubai. With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit will bring together the most prominent figures in the industry, with an agenda that is aimed at driving innovation, inclusivity, and growth for all.”

 

With an impressive line-up of distinguished local and international speakers, the Dubai FinTech Summit will host a series of panel discussions and fireside chats. More than 20 governors of financial institutions will attend the summit this year, amongst them, H.E. Essa Kazim, Governor, DIFC, UAE; H.E. Dr. Philmnisi, Governor, Central Bank of Eswatini; H.E. Cheaserey, Governor National Bank of Cambodia; H.E. Martin Galstyan, Governor, Central Bank of Armenia; H.E. John Rwangombwa, Governor, National Bank of Rwanda; H.E. Prof. Edward Scicluna, Governor, Central Bank of Malta will participate in discussions during the two-day event. Adena T. Friedman, Chair & CEO of Nasdaq Inc; Nic Dreckman, CEO of Bank Julius Baer & Co.; Yie-Hsin Hung, President & CEO of State Street global advisors and Jim Demare, President global markets at Bank of America, along with many other global industry leaders will also be participating in the various sessions planned for the Summit. Notable local speakers include H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism, Dubai; H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber, Chairman of J&F Holding.

A key highlight of the Dubai FinTech Summit will be the Grand Finale of the FinTech World Cup (FWC). The champions of the FinTech World Cup will be announced on Day 2 of the summit with the winners securing an investment of up to USD 1 million. The competition is a growth-enabling initiative by DFS designed to encourage cross-border collaboration and stellar innovation, pivotal to transforming the global FinTech sector.

In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.

The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries including north of 1,000 investors and more than 150 speakers. Over 20 Memorandum of Understandings were signed with global financial leaders during the Summit.

 

END

 

About Dubai FinTech Summit

Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors and policy makers, signalling increased appetite for growth opportunities in the region.

Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector.  As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.

 

The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.

 

To register for the event, visit www.dubaifintechsummit.com.

 

Visitors can purchase tickets for the Dubai FinTech Summit 2024, with early bird prices ending soon.

 

For further enquiries, please contact:

Samia Ahmad Assistant Manager, Marketing

DIFC Innovation Hub samia.ahmad@difc.com Tel:: +9714 362 2657

 

Shadi Dawi

Director of PR & Strategic Partnerships

Trescon Global

Mobile: +971 55 498 4989

shadi@tresconglobal.com

The post FinTech Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences appeared first on BitcoinWorld.

Pulsr, an AI-powered search engine for NFTs, is launching a new token, $PULSR.

$PULSR token event takes place on Thursday, April 25.

Token will unlock exclusive perks for holders.

Magic Eden, Madlads and other leading NFT marketplaces and communities receiving airdrop.

Pulsr, an AI-powered search engine for NFTs, is launching a new token, $PULSR. The genesis of $PULSR is taking place on Thursday, April 25 at 11.30am EST — and will fuel the project’s ambition to make on-chain assets across the Web3 ecosystem more visible.

Established in 2021, Pulsr says there are huge discovery gaps as platforms struggle to index collectibles across blockchains and mediums.

This ultimately means creators need the time and skill to build communities on separate social networks, newly minted pieces are penalized by algorithms, and audiences struggle to find content they’ll love.

Backed by the likes of Spartan Ventures and Sequoia, Pulsr utilizes artificial intelligence by enhancing the metadata of past and present non-fungible tokens. This allows visual and audio content to be accurately analyzed, labeled and conceptualized into text — unlocking a new era of search engine optimization.

Whereas searches for affordable pixel art, NFTs of penguins or on-chain art inspired by techno would have once yielded little to no results, Pulsr scours the whole of Web3 so users can find exciting collections based on their preferences, rather than relying on word of mouth.

Enthusiasts with art already in their wallet can uncover similar creations, connect with like-minded collectors, and bookmark the NFTs that inspire them.

See Also: Bitcoin Whales Continue Buying, Now Hold 25.16% Of All BTC Supply

Another service offered by Pulsr is NAME — otherwise known as NFT Automated Metadata Enhancement. Here, creators about to mint their collection can opt into having detailed metadata labels generated using AI-enabled computer vision.

Now, key attributes about the artwork will become searchable in marketplaces — covering everything from materials to style, and from colors to shapes.

Pulsr founder Maxine Ryan said:

“Pulsr delivers automated and compounded indexing for non-financial assets on the blockchain for the very first time. Our technology is a crucial step toward increasing the adoption of NFTs. The world of digital art is now multi-chain and multi-medium — and we’ll be supporting talented content creators every step of the way.”

$PULSR: A token with utility 

This is where $PULSR comes into play. A portion of tokens have already been allocated to the community — and can be earned by anyone using the NFT search engine, or other services in the ecosystem.

Meanwhile, fees are paid whenever platforms or individuals use Pulsr to boost the visibility or searchability of NFTs — with marketplaces paying a commission if sales are generated from traffic directed from the Pulsr platform. This income is then used to buy back $PULSR and distribute it back to stakers. 

Minting partners also need to hold this token in order to access NAME for a period of time — and they’re gradually burned as the contract comes to an end.

Holding $PULSR brings a plethora of exclusive perks — including access to online and IRL events celebrating art, technology and Web3, along with carefully curated merch. It also unlocks the ability to suggest desired features, and vote on proposals. Meanwhile, larger token holders can offer their feedback and insights to Pulsr’s team as they continue to roll out the roadmap.

The foundation features of Pulsr are open to all — but $PULSR holders benefit from premium discovery features that deliver a better experience and more powerful functionality.

Growing interest

Since news of Pulsr’s launch and token event, keen interest from Solana-based communities such as MagicEden, Madlads and more, have rallied in partnerships to crack Web3-wide NFT discovery and bring an even broader range of collections to their audience.

Maxine Ryan from Pulsr added: “Our ecosystem creates a win-win-win situation. Not only do collectors find it easier to uncover pieces of digital art they’ll love and cherish forever, but talented creators can amplify the reach of their pieces like never before.

Pulsr’s aggregator can also drive sales for NFT marketplaces — giving them an irresistible opportunity to reach new customers. A digital renaissance has arrived, and our search engine is designed to create a lasting record of imaginative and thought-provoking works — a library that will grow for years to come.” 

About Pulsr

Pulsr is an AI-powered discovery network for NFTs that spans multiple blockchains and touches every corner of the Web3 ecosystem. Its powerful search engine allows users to find on-chain art they’ll love — whether it’s an artwork, video or song. Meanwhile, a cutting-edge system enables creators to generate detailed metadata about their collections, increasing visibility in a world of information overload.

For more information, visit www.pulsr.ai or follow Pulsr on X and Discord.

The post AI-powered Discovery Network For NFTs, Pulsr, Launches $PULSR Token appeared first on BitcoinWorld.

The Bitcoin halving, which has occurred fairly recently, has changed the cryptocurrency field, reducing the reward for mining transactions by 50%. This event, involving cutting down the Bitcoin supply and potentially increasing its value, resulting from less Bitcoin available on the market, has the biggest impact on Bitcoin miners. On the contrary, new Defi cryptocurrencies such as $ROE (Borroe Finance) are becoming even stronger, ready for unlimited growth on the back of the evolving market trends and dynamics.

>>BUY $ROE TOKENS NOW<<

 

Challenges Faced by Bitcoin Miners

A Bitcoin halving, which occurs about once in four years, by cutting the mining reward in half has a serious impact on the profitability of mining activities.

In the recent halving that occurred on April 19, 2024, the reward has decreased from 6.25 to 3.125 Bitcoins per block. In a nutshell, the cutting of potential industry earnings by half represents a major problem for mining companies, which might force larger players to consolidate or small to exit the business, respectively.

Big mining organizations that have significant computational power might continue to mine even at the lowered rewards that might increase their output share in the total mining output.

The halving itself does not result in an immediate rise in Bitcoin’s price, but usually, after a few months, there is an uptrend in BTC’s quote. For example, during the halving of 2012, 2016 and 2020, the Bitcoin prices went up to 93x, 30x and 8x accordingly.

In spite of a prospect of growing costs and increased demand after a given halving not all participants of the Bitcoin market are equal. Mining companies, however, experience a financial dilemma as their stimulus for transaction validation gets reduced in the long run. Those operations that are high in energy costs might become nonviable and remain shut down.

The halving event is also attracting non-professionals, creating the environment for further unpredictability of the market and higher risk. However, Bitcoin still goes through some issues that include the fact that its environmental impact is negative, its association with illegality, and the criticism about its real value. These causes of debates include the long-term sustainability and the viability of Bitcoin as an investment.

Presently, Bitcoin (BTC) is trading at $64,730 with a crypto market cap exceeding $1 trillion. 

 

Borroe Finance ($ROE) Thrives in the New Crypto Economy

Established in the innovative space of AI-driven Web3 fundraising, Borroe Finance ($ROE) creates a passive income for its customers through different financial infrastructures. This solution permits vendors to sell future earnings from subscriptions, royalties, and invoices to the platform’s supportive community.

Investors have already been enjoying substantial returns as the token Borroe Finance ($ROE) hits a bull run. Presently in the final stage of the presale, $ROE tokens are $0.02 each, with the estimated market price of listing at $0.025 on top cryptocurrency exchanges after launch.

Presently, Borroe Finance ($ROE) has successfully raised over $3.9 million, with 66% of the project’s offerings already purchased.

The $ROE coin is designed as a deflationary currency where long-term Hodling increases the appreciation of the asset in value. Borroe Finance ($ROE) maintains and leads the Web3 ethos, featuring a revenue distribution system between authors and consumers that the internet of the future will embrace, paving the way for an evolutionary leap.

Borroe Finance distinguishes itself as an innovator offering solutions that are much needed for the evolving financial systems, which are positively controlled by digital technology. When raising funds, companies can use the Borroe Finance protocol to tokenize their invoices, which are then sold at a discounted rate.

The Borroe Finance ($ROE) platform utilizes AI for risk assessment, blockchain technology for security and speedy payment solutions to provide an efficient way of fundraising. Peer-to-peer trading of an undervalued NFT on secondary markets is possible as a result of the network structure. Therefore, the system becomes more efficient and flexible overall.

Under the management from Web3 and fintech industry masters Maxim Prishchepo and Michael Price, Borroe Finance ($ROE) presents a great example of leadership and innovation. The project is also made legitimate by the compliance certificate from BlockAudit and the publicly verifiable contract address that makes it more secure and transparent.

 

Learn more about Borroe Finance ($ROE) here:

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

The post Bitcoin Halving May Cost Miners Billions, Render Rival Poised For Strong Market Performance appeared first on BitcoinWorld.

TLDR 

Tether launches USDT and XAUT on TON for borderless payments, expanding to 15 blockchains and surpassing a $100B market cap.

Milei Moneda ($MEDA) presale offers $0.0125 tokens, expecting a 25x surge post-launch on Uniswap.

In recent weeks, the crypto market has seen several events shake up its status quo. Two of these major developments involved leading stablecoin issuer Tether and the new DeFi meme coin Milei Moneda. Both projects have created significant buzz in the market, with Tether taking the lead in strategic partnerships and $MEDA in price momentum. Let’s explore the full details of these optimistic trends! 

Economize Like Milei: Invest in $MEDA!

 

Tether Embraces TON: USDT and XAUT Launched for Borderless Payments

On April 19, Tether shook the crypto space with the launch of its flagship products, USDT and XAUT, on The Open Network (TON). This expansion marks Tether’s presence on over a dozen blockchains, signalling a strategic push towards a more inclusive and interconnected financial ecosystem.

The integration of USDT and XAUT on TON opens up a lot of possibilities, offering users a seamless experience for peer-to-peer payments and facilitating frictionless value transfers within the network and beyond. With Telegram’s extensive user base of 900 million, this move promises to foster a borderless financial environment, echoing Tether CEO Paolo Ardoino’s enthusiasm for TON’s vision of an open and decentralized internet.

With this integration, USDT is now live on 15 blockchains, including Ethereum, Tron, EOS, Algorand, and others. This milestone has boosted Tether’s crypto market cap above $100 billion, reflecting its growing adoption in the stablecoin market.

This integration has positioned Tether as a multifaceted player in the evolving crypto ecosystem. As the company continues to forge new partnerships and explore innovative solutions, its role as a catalyst for financial inclusion and innovation remains paramount.

 

From Presale to Prosperity: $MEDA Investors Brace for 25x Gains 

As excitement mounts with Tether’s expansion, another notable project is capturing the attention of investors worldwide. Milei Moneda, renowned for its blend of humor, politics, and blockchain technology, is generating significant buzz as analysts predict substantial gains post-launch on Uniswap.

Investors are eagerly eyeing Milei Moneda’s upcoming launch scheduled for May 21, anticipating a remarkable 25x pump in the altcoin price post-launch. The project’s unique approach, combining memes with digital currency trading for political change, has resonated strongly with the crypto community.

Currently, in Stage 2 of its presale, Milei Moneda is offering tokens at an attractive price of $0.0125, a tempting entry point for investors seeking early positions. As the presale progresses, the DeFi coin price is expected to rise, further fueling investor interest.

Upon the completion of the presale, Milei Moneda is set to officially launch on Uniswap with a DeFi coin price of $0.020, promising presale participants a substantial 60% return on their investment. With these promising outlooks before and after its launch, coupled with the project’s innovative use of memes and dedication to political activism through blockchain technology, $MEDA ranks high on the DeFi crypto list of altcoins to invest in now! 

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

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