The challenge seeks to reverse this widened interpretation of digital assets dealers.

The SEC disregarded public comments and failed to do an economic analysis as per claims.

A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in the context of digital assets is the target of the lawsuit, which challenges a recent regulation. The challenge seeks to reverse this widened interpretation and was filed in the Northern District of Texas District Court.

The plaintiffs contend that the proposed change may unjustly classify ordinary people who engage in digital assets as dealers. The rule’s emphasis on trading’s consequences rather than transactions’ characteristics is the source of this worry.

Revised Dealer Definition

Their main argument is that the law doesn’t make a distinction between dealers and regular traders who work for their accounts. According to the claims made in the case, the SEC disregarded public comments and failed to do an economic analysis as required by law, therefore evading essential processes.

With an emphasis on a practical evaluation of securities trading operations, the SEC adopted the revised dealer definition in February by a 3-2 vote. The regulator stood by its judgment, saying that crypto dealers may have an unfair edge over more conventional financial companies if crypto wasn’t included in this classification.

Some have said that the SEC’s stance on digital assets is contradictory. Uncertainty has spread throughout the sector since the commission has not yet provided a clear definition of which transactions using digital assets may be considered securities transactions. Critics claim the SEC deploys ad hoc ways to designate digital assets as securities, adding to regulatory complexity.

Highlighted Crypto News Today:

Binance Introduces Spot Copy Trading, Offers Automated Trading Advantages

Binance provided crypto derivative products to retail investors without registration as per plaintiffs.

Legal action is being taken to recover damages and to stop the illegal derivatives trading.

Plaintiffs in a new class-action lawsuit in Canada are claiming that Binance, a cryptocurrency exchange, has broken Canadian securities rules.

On April 19, the certification motion for the class-action lawsuit against Binance was published by Ontario’s Superior Court of Justice. The lawsuit claims that Binance provided crypto derivative products to retail investors without registration.

Alleged Securities Violations

Christopher Lochan and Jeremy Leeder, who were representing the plaintiffs, said that Binance promoted crypto derivatives products in a way that violated both federal law and the Ontario Securities Act (OSA).

Legal action is being taken to recover damages and to stop the illegal derivatives trading. Tens of thousands of Canadians, according to the plaintiffs, used Binance’s website to buy crypto derivatives products.

More than half of Canada’s cryptocurrency owners have at least $5,000 in the market, according to the Ontario Securities Commission (OSC), and the certification motion states that many retails investors are crypto derivatives traders.

As of March 2024, 58% of the overall spot trading volumes among centralized exchanges were accounted for by Binance, a prominent cryptocurrency exchange on a worldwide scale. In addition to being one of the most prominent spot crypto trading venues, Binance also runs the largest derivatives market in comparison to other exchanges such as Bybit and OKX.

Data from Bybit indicates that Binance, OKX, and Bybit “almost entirely dominate” the derivatives market for centralized exchanges (CEXs).

Binance has been the target of a class action lawsuit in recent years; the exchange stated in June 2021 that it would be ceasing operations in Ontario after a warning from the Ontario Securities Commission (OSC).

Highlighted Crypto News Today:

CFAT and Blockchain Association Sue U.S SEC Over Dealer Definition

By introducing a plethora of useful features for crypto users, including the launch of the $BcCoin token (which will be featured on prominent crypto exchanges soon), BlackCard aims to be at the forefront of revolutionizing global cryptocurrency payment operations. By utilizing AI technology, the BlackCard Crypto Credit Card empowers users to easily integrate their digital assets into their respective everyday transactions, thereby removing the limitations commonly associated with traditional banking systems.

What Does BlackCard Provide?

With BlackCard, users can now effortlessly convert their cryptocurrency assets into local currency at any point of sale, thereby guaranteeing optimal exchange rates and unparalleled convenience. This solution simplifies transactions, providing users the freedom to utilize their digital assets for a variety of purposes, such as everyday purchases, online shopping, ATM withdrawals, and much more.

Moreover, the BlackCard team has introduced the aforementioned $BcCoin token. This represents a significant advancement within the digital asset sector, as not only has the token witnessed a remarkable surge in value when it skyrocketed by an impressive 900% from its initial price of 30 cents to an impressive $2.70, but the growth has also garnered widespread attention from enthusiasts and investors around the world.

This highlights the intrinsic value of the token along with its disruptive potential within the global cryptocurrency market. In addition, with a target price firmly established at 100 USD, the token presents an investment opportunity for discerning investors who seek exponential growth potential. 

Looking Toward The Future

As interest in Bitcoin and other cryptocurrencies continues to soar, the $BcCoin token looks to be a beacon of opportunity, one that offers investors continued access to the burgeoning digital economy. The BlackCard team also managed to secure several key listings on prominent cryptocurrency exchanges. On April 24th, the $BcCoin token shall be listed on MEXC, BingX, and XT, thereby expanding its reach and accessibility to a global audience of investors.

Furthermore, the BlackCard team looks to take advantage of the ever-growing interest in cryptocurrencies, which will also undoubtedly include several additional advancements within the industry going forward. In doing so, the platform is able to enhance its position as a revolutionary platform within this space.

About BlackCard

BlackCard is a provider of high-quality crypto solutions, providing a useful range of services and products that are fully customized for each user to enhance their digital financial well-being. The team is poised to capitalize on a vast market opportunity with an estimated 500 million crypto wallet owners worldwide. With a keen focus on security, convenience, and sophistication, BlackCard remains committed to shaping the future of finance through meticulous transactional excellence.

BlackCard’s other notable aspects include instant card activation, unlimited global spending, 13% instant starter cashback, the ability to earn instant 10% on all referrals, simple KYC procedures, zero fees for the credit card, and much more. In the near future, BlackCard plans to further develop its ecosystem by adding cross-chain interoperability, sharding, and a slew of strategic partnerships, according to its roadmap.

Be sure to check out BlackCard’s official website for additional information, as well as its Facebook, X, Instagram, YouTube, and Telegram channels for regular updates.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Today, Binance, the leading blockchain ecosystem behind the biggest cryptocurrency exchange globally in terms of trading volume, revealed the launch of its much awaited spot copy trading strategy tool. In May 2024, the functionality will be completely pushed out for all users. Experienced users who fulfill the minimum portfolio asset size criteria may now register as lead traders.

Along with Spot Grid Trading, Dollar-Cost Averaging (DCA), and Rebalancing Bot, Binance now offers an even more comprehensive and well-liked selection of automated spot strategy trading tools with the introduction of spot copy trading. Using automated trading tools, such spot copy trading, has the following advantages:

24/7 Coverage: The customer has more discretion over how they choose to engage in the 24 hour, 7 day a week cryptocurrency market thanks to automated trading tools.

Speed and Efficiency: Automated trading tools go beyond what a single user can do on their own by processing enormous volumes of market data and executing orders in milliseconds after a user has established their trading methods and settings.

Cuts Emotions Out of Decision-making: Because automated trading programs follow preset trading methods and specifications, they assist users in avoiding emotional or impulsive trading.

Risk Management and Diversification: Users have access to an ever-expanding array of tools for risk control and diversification via automated trading.

By following and automatically executing the same trades as the lead traders, copy traders may benefit from the experiences, trading methods, and risk management tactics of other users. When lead traders allow copy trading on their portfolio, they might profit from their experience.

Rohit Wad, Chief Technology Officer at Binance, shared:

“At Binance, we’re always listening to our users and incorporating their feedback into our products. Our users give us great ideas because, very often, they know what works best for them. Spot copy trading is one such idea that came from community feedback. This is a great tool that automates trading for our users, and gives them the ability to try new trading strategies.”

In October 2023, Binance first introduced copy trading for its highly liquid futures products in a few different regions. Users will have considerably more freedom in managing their trading tactics and overall portfolio in markets that provide both spot and futures copy trading.

On Binance, users have the ability to trade both lead and copy concurrently. Ten lead trader portfolios may be copied by each user, and each user may have one lead trader account. When copy traders duplicate lead traders’ transactions, lead traders get a ten percent profit share and a ten percent trading commission refund. Copy traders have the ability to examine the performance parameters of lead traders, such as their profit and loss record, and choose the ones they want to adhere to while establishing their own risk controls.

Benefits of Binance spot copy trading for lead traders consist of:

Ease of Use: Easy to register; no long process is needed.

Revenue Distribution: 10% profit split and 10% follower commission refund.

Largest User Base: Engage with millions of prospective copy traders.

Regular Payouts: Weekly payouts are made.

Benefits of Binance spot copy trading for copy traders consist of:

Ease of Use: A streamlined interface facilitates copy trading.

Learning: Utilize top traders’ expertise to get insight into trading tactics.

Transparent: Performance measures of lead traders are easily accessible.

Highly accessible: A market-driven fee structure facilitates trading accessibility.

Binance welcomes lead traders to begin assembling their portfolios and take part in a Lead Trading Tournament, which will take place from April 24 to May 8, 2024. Availability on the Binance app will be introduced gradually.

0G Labs and One Piece Labs have announced the launch of the first incubator for entrepreneurs operating at the confluence of blockchain and AI. The goal of the OPL x 0G incubator is to find and assist bright Web3 entrepreneurs who are investigating the ways in which AI may assist crypto use cases, or vice versa.

The design space for fusing AI with crypto hasn’t been well explored yet, partly because both technologies are still relatively new and because finding synergies requires in-depth understanding of both sectors. The teams want to encourage ambitious builders to come up with their own original ideas on how to merge the finest concepts in AI and crypto with each other via the OPL x 0G incubator.

The OPL x 0G Incubator will no longer accept applications after June 14, 2024. The program will begin on July 1 and last for ten weeks. On September 12, there will be a demo day. Along with practical deployment advice from 0G on its Data Availability layer, participants will have access to a vast network of mentors and investors in the Web3 and AI domains. Lastly, 0G will provide grants to high impact teams totaling up to $50,000.

Builders are invited to propose a wide variety of concepts that integrate AI and crypto to advance either industry. 0G and OPL highlighted a number of ideas where AI applications may support the growth of cryptocurrency use cases, such as AI DAOs, “DePIN 2.0,” and trustless prediction marketplaces. On the other hand, participants could explore Web3-native ways to enhance the security and effectiveness of AI models using Verifiable Training, Transparent LLM Drift, and other routes to Verifiable Inference. But the ultimate aim of the incubator is for participants to propose many more fascinating ideas.

Michael Heinrich, Co-Founder of 0G Labs stated:

“The initiative with OPL is designed to harness the revolutionary potential of modular AI chain technologies and blockchain innovation, creating a platform where top-tier developers can collaborate, innovate, and push the boundaries of what’s possible. Together, we are committed to empowering a top Web3 and decentralized AI developer community to build not just applications, but legacies.”

The modular 0G blockchain project seeks to address the main issues in applying blockchain technology to artificial intelligence. It promises to eventually enhance bandwidth by more than 50x compared to the present state of the art, enabling AI jobs and projects runnable on blockchain by providing a modular architecture free from old consensus methods and execution.

KJ Jia, Partner at OnePiece Labs stated:

“We’re beyond excited to be working with 0G on our Incubator Batch #4, which promises to be the most impactful yet. I’m confident that the 0G team is made of some of the smartest and most resilient builders I’ve seen, and everyone should be jumping at the chance to work closely with them on one of the most important future developments of this decade.”

OnePiece Labs is a Web3 incubator that helps entrepreneurs develop in the Web3 space by offering seed funding, mentoring, and vital community networking. With close links to the Bay Area community, its portfolio businesses have earned over $30 million in funding in only two cohorts.

George Town, Grand Cayman, April 23rd, 2024, Chainwire

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months. 

As Zircuit forges ahead towards mainnet, the ZK rollup’s staking program is rapidly gaining momentum, attracting over $2B TVL in a short 2 months. Zircuit Staking allows users to earn Zircuit Points by depositing assets that can then be migrated to Zircuit’s mainnet upon launch. Users can deposit ETH, liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and USDe (Ethena USD) to earn Zircuit Points. 

In March, Zircuit launched its Build to Earn program to incentivize builders, founders, and community members who contribute to the Zircuit ecosystem. The program has already attracted over 1,000 submissions. With Zircuit’s growing pre-launch TVL and community, approved projects will capture the interest of users in one of the fastest-growing L2s and benefit from a supercharged developer experience. In addition, developers and ecosystem contributors who participate in Zircuit’s Build to Earn program stand to receive rewards for approved contributions. Projects that join Zircuit through Build to Earn will join the growing list of top-tier launch partners including Ethena, Ether.fi, KelpDAO, Renzo, Hashflow, Galxe, Elixir, Blocto, Eigenpie, and many others. 

Zircuit is currently in testnet with plans to launch its mainnet in Summer 2024. 

To participate in Build to Earn, users can visit: https://build.zircuit.com/ 

To participate in Zircuit Staking, users can visit: https://stake.zircuit.com/ 

About Zircuit

Zircuit is a ZK rollup with parallelized circuits and AI-enabled security at the sequencer level. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit is backed by Pantera Capital, Dragonfly Capital, and Maelstrom. To learn more visit zircuit.com or follow us on Twitter/X @ZircuitL2

Contact

Jessica GraberZircuitjessica@zircuit.com

The SEC is requesting the return of about $4.7B, along with $520 million in civil penalties.

The regulatory agency is considering imposing a “conduct-based injunction” on the company.

In light of a recent civil case ruling, Terraform Labs and its co-founder, Do Kwon, are facing the prospect of heavy financial penalties from the U.S SEC.

A filing made on April 19 in the U.S. District Court of New York in the Southern District of New York states that the SEC is requesting the return of about $4.7 billion in the form of disgorgement and prejudgment interest, along with $520 million in civil penalties.

On the other hand, Terraform and Kwon disagreed on the best way to implement the fines. Kwon vehemently disagreed with the crypto firm’s proposed $3.5 million maximum civil penalty and pushed for a far lesser sum of $800,000.

Additional Restrictions

In addition to the pecuniary judgment, the SEC also suggested that Kwon be removed from his position as a director or officer of a securities issuer and that all assets and bank accounts be made public. In order to prevent Terraform from engaging in similar wrongdoing in the future, the SEC is considering imposing a “conduct-based injunction” on the company.

According to the SEC’s statement, the defendants showed no regret for their conduct and may commit similar crimes in the future. A court must first approve the civil judgment and specified remedies. In a recent development, a jury convicted Terraform and Kwon guilty of investment fraud in relation to representations made about the offer and sale of TerraUSD (UST), Luna, and wLUNA on April 5. Terraform was “carefully weighing [its] options and next steps,” according to a prior statement from a company representative.

Highlighted Crypto News Today:

Bitgert Coin Price Set for Upward Trajectory as Exchange Growth Surges

Victoria, Seychelles, April 23rd, 2024, Chainwire

At this month’s Blockchain Life Dubai conference, Bitget Wallet‘s Chief Operating Officer Alvin Kan joined industry experts from SafePal, Ledger, Trust Wallet, Telegram Wallet, and CoinTelegraph journalists to discuss strategies for building more secure and user-friendly decentralized wallets. The discussion revolved around the comprehensive application of various wallet technologies, including hot wallets, cold wallets, MPC wallets, AA wallets, and multi-signature wallets.

Kan emphasized the widespread security vulnerabilities in the Web3 environment, pointing out that every operation carries the risk of privacy leakage.

“In order to build a secure wallet platform, a comprehensive and systematic security solution has to be implemented,” he said on the panel at the conference. “This means ensuring that security measures are introduced at every stage of the user’s journey, and at every phase on the back-end as well, to ensure thorough construction, expansion, and re-evaluation of the wallet’s security parameters.”

Bitget Wallet COO, Alvin Kan, speaking on the panel

Kan provided a detailed analysis of Bitget Wallet’s security array, and outlined some of the common causes of asset loss, which often stem from incidents such as losing one’s private key, unknowingly signing malicious contracts, and interacting with fraudulent DApps or tokens. To address these issues, Bitget Wallet has implemented a suite of security measures, including the introduction of “keyless” MPC Wallets, as well as hardware wallet connectivity and strong partnerships with renowned security partners in the industry to conduct rigorous audits for the core codes of the wallet’s Swap and NFT Marketplace. Additionally, the wallet also shares in a $300 million user protection fund with Bitget, further enhancing its risk resistance capability.

Explaining that these features are not simply an add-on but a mandatory requirement in today’s Web3 climate, Alvin stressed that it is imperative for builders and developers to pay close attention to the growing risks in Web3. As threats become more complex and covert, it is important for projects to introduce not just reactionary, but also pro-active measures to ward against these threats. Examples cited included Bitget Wallet’s use of in-built risk alerts for potentially dangerous tokens and DApps, and even Flashbots to combat potential Maximum Extractable Value (MEV) attacks on the Ethereum blockchain. For popular Bitcoin on-chain assets over the past six months, asset isolation and DApp interaction isolation measures have also been implemented by the wallet to prevent users’ assets from being mistakenly transferred or burned, according to Kan.

The war against malicious activity does not stop there, however. On the panel, Kan also emphasized the significance of providing adequate educational material for users, so that users themselves may keep themselves updated on the latest threats on Web3. This also forms part of the overall user experience, which should be kept smooth and uninterrupted, even against the backdrop of a robust security array.

“When designing a wallet, it is crucial to find the optimal balance between convenience and security,” Alvin said as he closed off the panel discussion. “We need to constantly keep ourselves updated on the latest technologies and methodologies employed by malicious actors, and implement proactive prevention measures under the hood that can be kept both seamless and targeted to still maintain a smooth user experience.”

About Bitget Wallet

Bitget Wallet is Asia’s largest and a leading global Web3 wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, and DApp browsing. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.

For more information, visit: Website | Twitter | Telegram | Discord

Contact

PR teammedia.web3@bitget.com

If you’re looking to earn passively within a period, then the crypto market serves as the space to do so. With the rise of the infamous Bitcoin and Ethereum, early investors were able to amass huge profits. However, the crypto market can get into a frenzy with altcoins and meme coins coming in play bringing profits but short-lived due to no real-world utility.

There is one coin that could give both options of real blockchain technology and profit in multiple folds in a short period – Bitgert BRISE.  With its rapid growth, the coin has gone past just being a popular asset, but rather a mainstream token.

Let’s see the innovation and technology around Bitgert BRISE.

Bitgert: Building Partnerships Driving Massive Growth

Bitgert is a unique early crypto layer 1 blockchain network that is actively developing to improve blockchain technology and solve problems in the crypto market. With its beginner-friendly features, this project is for everyone. Launched in 2021, the Bitgert coin has amassed over 40,000%  in returns. 

Besting its competitors like Solana and Cardano, It has been able to simply use a POS and Proof of Authority model (POS) of 100,000 TPS to solve the problem of high gas fees and slow speed. With a community of over 600k members, Bitgert has been able to cement itself as one of the top leading crypto assets in the market.

Bitgert has partnered with top crypto organizations like Coin Telegraph, which has enabled Bitgert to position itself in the crypto market. Coins like BEFE and CENX are hosted on the Bitgert Blockchain. Users can now stake and earn rewards on these coins. Bitgert blockchain also involves the Bitgert Exchange, BRISE swap, and other decentralized exchanges.

BRISE Coin: The Decentralized Powerhouse Surpassing Expectations

BRISE, Bitgert coin is built on a Decentralized finance protocol. This coin has surpassed expectations since its launch in Jan 2024. It employs a burning model with burns over 12% of its supply in circulation. This reduces supply and increases demand for the price of the BRISE coin.

Technical indications like the RSI is over 55 and the moving average convergence (MACD) all point towards a bullish momentum for the Bitgert coin. Analysts and experts have predicted that the  coin is going to go higher than it is in a couple of months.

If you were second-guessing Bitgert, now is the time to hope on this  project early and join the Bitgert bandwagon. As always, before entering any crypto project, do your own research and make smart decisions.

To learn more, visit Bitgert.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

In a strategic move reflecting its evolving identity and commitment to the cryptocurrency community, CZOL, formerly known as CZolana, is excited to announce its official rebranding along with the launch of a significant airdrop campaign. This initiative aims to deepen community engagement and honor the indelible impact of Changpeng Zhao (CZ) on the cryptocurrency landscape.

Rebranding for the Future

As CZOL transitions from CZolana, this rebranding marks a pivotal shift towards embracing a broader and more inclusive approach to its community and offerings. The new name and logo, featuring a playful cat, symbolize CZOL’s agility and readiness to adapt to the dynamic crypto environment. This change not only reflects the project’s growth but also its long-term commitment to being a staple in both the meme and broader cryptocurrency communities.

Honoring Changpeng Zhao with a Community Airdrop

Aligned with the trial of Changpeng Zhao on April 30, 2024, CZOL is set to launch its first community airdrop on May 1, 2024. This event not only serves to support CZ during his challenging times but also to celebrate his contributions to the crypto world, which include democratizing finance and fostering a more inclusive financial ecosystem.

Airdrop Details

CZOL will distribute 2% of its total supply to the community through several engaging mechanisms:

Token Holders: Hold a minimum of 1000 $CZOL to receive a guaranteed share of the airdrop, with details to be released on April 29.

Social Engagement: Participants can engage with CZOL’s social media platforms by retweeting, liking, tagging a friend, and posting their wallet address in the comments to win a part of the airdrop.

Past Contributors: Users who have completed previous tasks set by CZOL on the Galxe platform will also be eligible for the airdrop.

Innovations and Developments

CZOL continues to push the envelope with new initiatives:

Giggle Academy: Amidst preparing for his trial, Changpeng Zhao has initiated the Giggle Academy, an educational app leveraging blockchain technology to make learning accessible and fun for children globally, especially those in underserved areas.

CZOL Trending: A newly launched service that helps other tokens increase their visibility. The service generates revenue by charging fees, 70% of which are used to buy back and burn $CZOL, enhancing its value and maintaining its deflationary nature.

This rebranding and the upcoming airdrop underscore CZOL’s commitment to fostering a resilient and thriving community, while also adapting to the ever-changing digital landscape. Stay tuned for more updates as CZOL continues to innovate and lead in the crypto community space.

About CZOL

CZOL is a community-driven meme token built on the robust Solana blockchain, designed to celebrate and continue the legacy of Changpeng Zhao, the founder of Binance. Governed by a decentralized autonomous organization (DAO), CZOL integrates memes, NFTs, and automated bot technology to create a dynamic and engaging crypto environment. 

The project emphasizes accessibility, innovation, and community participation, reflecting the spirit of democratization that CZ championed. For more information, visit CZOL website, follow CZOL on X at @czol_wtf or join the conversation in their Telegram group.

CONTACT:

Bryson Miller

info@czolana.com

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

A cryptocurrency project will definitely grow in the crypto market if it offers solutions to the issues that investors face. Investors are enticed to invest in any cryptocurrency project by factors such as transaction ease, efficiency, appropriate structure, security, and efficient marketing. These are the techniques Bitgert employed to ensure it’s exchange growth and price increase.

Bitgert Coin is well-known for its skips and expertise in introducing unique payment methods. It provides a blockchain solution for digital transactions that is quick, secure, and efficient, which is why we see it’s exchange growing rapidly on a regular basis. 

It is also well-known for having low transaction fees, which draws a lot of investors looking for other payment options. It is known for its desire to bring about innovation and change in the cryptocurrency industry, providing investors with useful features and services.

BITGERT Coin price Surges High Along With Its Exchange Growth

Since its inception, Bitgert Coin has made significant progress in the cryptocurrency industry due to its extensive and efficient blockchain solution.

Its recent increase in exchange growth will further enhance the Coin’s utility and features and cause its price to rise as the bull run draws nearer.

Bitgert Coin will be listed on major cryptocurrency exchanges as a result of this growth, making it simple for investors to trade and acquire Bitgert Coin. It will make Bitgert more well-known and make it easier to acquire the BRISE token more quickly, attracting potential investors and driving up demand for the coin, which will in turn push up its price.

The holders of Bitgert Coins will benefit from the expansion of the exchange because there will be more liquidity and trading volume, and the price is expected to fluctuate less. The demand for BRISE has increased as new trading pairs have been added to the Bitgert exchange.

BITGERT: Developing New Ideas in Real Estate, Ensuring Exchange Growth And Price Increase 

Bitgert project has been a standout project in the real estate blockchain. Its innovative ideas and prospects to change and deal with the many challenges investors face in this area have seen its exchange grow to a level of interest in the crypto space.

Bitgert’s zeal to ensure that investors can trade seamlessly in the real estate blockchain says a lot about why it is growing rapidly and it’s Price increasing, amidst all the competition in the crypto world.

Bitgert has allowed investors to experience excellent trading in the real estate market like never before. The commitment of Bitgert to bring transparency and a User-Friendly ecosystem is the main factor every investor needs in a project, and this is what a project as well needs to grow.

Conclusion 

Bitgert Coin price is set to spike upwards as the exchange grows rapidly. The right time to buy is now as we will be seeing this upward movement in price soon as we approach the bull run.

DYOR by checking out their website 

The DODO team is excited to announce the launch of DODOchain, an Omni-Trading Layer 3 that is powered by EigenLayer, AltLayer, and Arbitrum Orbit. As the first Layer3 solution, DODOchain bridges Bitcoin and Ethereum’s Layer2 effortlessly and focuses on bringing liquidity from several chains together in one place.

Trade tokens on the DODOchain, the rollup-level liquidity layer, to boost profits via restaking.

The Reason Behind DODOchain’s Creation

With its innovative Proactive Market Maker (PMM) algorithm, which brought a focused liquidity solution around the oracle price, DODO was launched in August 2020. As a result, customers were given better exchange rates and mainstream assets’ capital efficiency was greatly increased. With three distinct liquidity pools to accommodate mainstream assets, stablecoins, and altcoins as well as various user groups including traders and professional market makers, DODO V2 was introduced in February 2021.

Later on, DODO developed further features as Launchpad, Token Creator, Trading Widgets, Crosschain Swap Aggregator, Limit Orders, and Swap Aggregator DODOX. At the moment, DODO is deployed on 14 blockchains’ mainnet. With over 24 million transactions, over 3.31 million users overall, and a total trading volume over $141 billion, the exchange has achieved remarkable success.

Our team has spent the last three years working hard to create products that will provide our consumers the greatest trading pricing and the finest liquidity solutions. We think that blockchain technology will develop into an integrated ecosystem of several chains, with hundreds of Layer 2 solutions meeting different market demands and uses, rather than being limited to a single chain in the future.However, there are still a number of obstacles that Layer2 solutions must overcome at this point, such as fragmented liquidity, high multichain operating costs, security issues connected with cross-chain bridges, and the difficulty of communicating with various blockchains. In addition, there is a greater need for cross-chain transactions as a result of the rising quantity of non-EVM assets.

The team at DODO contends that a major overhaul is necessary for the multi-chain DApp ecosystem that exists today. In order to facilitate the free flow of assets, it is imperative to remove the obstacles between EVM and non-EVM ecosystems, given that different assets are issued on hundreds of chains. To accomplish interconnection across all chains, our team suggests an inventive technique called DODOchain. It is possible to achieve seamless asset exchange, much increased asset issuance efficiency, and trading convenience across several chains by integrating and maximizing liquidity on the DODOchain.

DODOchain as the Remedy

At the core of the idea behind hosting a third layer on-chain is the need for blockchain to handle highly customized use cases in the future.

With an emphasis on delivering customized capabilities, Layer 3 seeks to address Layer 2’s shortcomings with regard to cross-chain compatibility. Layer 3 acts as a link across several blockchain ecosystems, allowing data to move freely and transactions to occur between chains like as Ethereum, Bitcoin, and Solana.

Layer 3 may improve transaction efficiency and produce real cost savings for establishing an omni-liquidity layer that needs higher transaction throughput and considerable network charge reductions.

Any developer may quickly and anonymously start their own L2 or L3 Orbit chain on Arbitrum thanks to a variety of technological options, including Arbitrum Orbit, which gives them complete control over gas tokens, privacy, permissions, governance, and more.

This is exactly what we need to build our own app-chain and fits in well with our vision. In order to improve the trading experience for customers, the DODO team will employ Arbitrum Orbit to build a thorough Layer 3 chain for cross-chain transactions. This chain will provide reduced gas prices, quicker transaction execution and confirmation, and more consistent returns.

Also, DODOchain will provide:

Omni-chain liquidity outposts: Omni Trade, Omni Liquidity, and Omni Mining are just a some of the services and products that DODOchain offers its consumers.

Connector between BTC L2 and ETH L2: By linking BTC L2 and ETH L2, including Non-EVM Chains, DODOchain may draw in more new users and assets

Native restaking yield: DODOchain is expected to provide native staking yields for its assets.

DODOchain Modular Partnerships

We are delighted to present DODOchain’s important partners:Arbitrum Orbit: Offering a potent new method for creating Layer 2 and Layer 3 chains is Arbitrum Orbit. By adding customizable features to the Arbitrum tech stack, it preserves the security assurances of the Ethereum ecosystem while providing DODOchain with increased scalability, efficiency, and user-friendliness.

Eigenlayer:

EigenDA is a fundamental part of Eigenlayer that specializes in data availability (DA) throughput. DODOchain will use EigenDA to take use of Ethereum’s security and consensus capabilities, thanks to its easy connection with other EigenLayer modules. As one of the first Actively Validated Services (AVSs) in the Eigenlayer ecosystem, DODOchain will also function as a restaked rollup.

AltLayer

Based on EigenLayer’s potent restaking mechanism, DODOchain has embraced AltLayer’s innovative restaked rollups architecture. This improves decentralization and network security while enabling quick deployment and cross-chain interoperability, giving consumers a more seamless and integrated blockchain experience

Our goal with DODOchain is to provide a smooth, effective, and safe ecosystem for liquidity sharing and cross-chain trading that will allow users to freely issue, trade, and manage their assets across various blockchain networks without limitations or permissions.

The DODOchain Testnet is Live

This is your opportunity to test, develop, and innovate a next-generation omni-trading experience firsthand.

Explore our Testnet: dodochain.com

BEFE Coin surged into the crypto market as a new meme coin, innovating its place differently cause of its rhetorical meme content. At the crossroads of meme culture and investment opportunity, BEFE Coin provides a unique gateway for a wider audience to discover what is standing behind this meme coin. It guarantees to be in the top trend. Let’s learn how.

Meme Coins: Historical Purview

Meme coins derive their cult status from internet memes, having carved out their own unique territory in the crypto space. It all began in 2013 with Dogecoin. Initially, it was created as a joke by Billy Markus and Jackson Palmer. With a Shiba Inu dog from a viral internet meme as its mascot, Dogecoin exemplified such a playful take on the vision for a cryptocurrency that it brought a wide audience of users and turned into a serious investment.

After the success of Dogecoin, an explosion in meme coins followed, all either copy-pasting the former or trying to innovate above its viral formula.

Coins like the Shiba Inu, SafeMoon, and many others took center stage as the power of community, coupled with potential quick gains, attracted eyeballs. Such currencies are often used to fuel trends on social media and the support of celebrities by going hand-in-hand in their popularity and market capitalization. Meme coins, of course, have added to the speculative discussion of the democratization of finance and whether cryptocurrencies can engage a much wider, more diverse audience.

BEFE’s Performance Consistency

BEFE Coin has shown an amazing performance over the last month, which, in general, can be described as very dynamic and promising for further activity on the market. BEFE registered high trading activity at 1.7 million USD volume from an opening price peak of 0.00065322 on March 24th. This illustrates BEFE’s peak of strong interest in setting a strong stride for the month.

After the peak, the price had adjusted towards lower levels inside a declining channel, but the volume had remained stable, indicating steady trader involvement. Most importantly, on April 23rd, BEFE’s lowest price point was recorded at $0.00016553, indicative of good correction and price stabilization from the initial high.

Price movements of BEFE during the past month have been characterized by all sorts of fluctuations, which gave room for traders to find a number of entry and exit points and, therefore, trigger an active trading environment. More often than not, its closing prices for different days were higher than opening, thus resilient demand and optimism investor sentiment.

Can BEFE Keep Up to its Name?

BEFE has cumulatively been losing price but holding impressive trading volume, pointing towards a strong market liquidity trend. Since BEFE has cumulatively dipped from its highs, it reflects a market correction rather than a lack of interest. It further signals that BEFE is getting its balance right in the market. Investors seeking aggravated BEFE buy-ins are recommended to conduct continuous market research, track BEFE’s performance over the week, and call right puts wherever possible.

For the last year, PDVSA has been progressively shifting its oil sales to USDT.

This shift is being expedited by the return of oil sanctions.

In response to the harsh U.S. sanctions, Venezuela’s state-run oil firm PDVSA has reportedly taken further steps to diversify its revenue streams away from traditional fiat currency and toward digital assets such as Tether (USDT).

The United States Department of the Treasury requested last week that all PDVSA users and service providers cease all transactions until May 31. Companies will have to wait for specific U.S. authorizations to conduct business with Venezuela, which will make it more difficult for Venezuela to increase its oil production and exports.

By Passing Sanctions

For the last year, PDVSA has been progressively shifting its oil sales to USDT, Tether’s stablecoin linked to the US dollar. According to people acquainted with the situation, this shift is being expedited by the return of oil sanctions, which are meant to reduce the likelihood that sale revenues would be frozen in foreign bank accounts as a result of these penalties.

Pedro Tellechea, Venezuela’s minister of oil, told Reuters last week that digital currencies are being considered as a possible preferred payment option for some oil contracts. Although cryptocurrency payments are starting to gain traction in certain nations, the US dollar is still the de facto standard for international oil trade.

At the conclusion of the first quarter of 2024, PDVSA instituted a contractual framework that required 50% of the value of each shipment to be paid in USDT upfront for a large number of spot oil contracts (excluding swaps). Cryptocurrency stored in a digital wallet is also required of all new clients by PDVSA in order to conduct oil transactions. 

Highlighted Crypto News Today:

BEFE Coin Buzz: Riding the Wave of MEME Coin Trending Phenomenon

The much anticipated event in the Crypto world, Bitcoin halving, has now concluded, and investors are looking for new and promising opportunities during this time. Historically, the crypto market has experienced fast paced growth following these events. So, naturally, it is prime time to consider exciting new coins. While many amazing cryptocurrencies exist, BEFE Coin stands out with its interesting blend of features.

BEFE coin is a meme coin and plans to be the market leader in the near future. Being a meme coin, the BEFE developers do not want that the investors just see the coin as just a funny hype based Cryptocurrency. 

The BEFE coin has always worked to develop certain competitive advantages that are based on the coin’s functionality.  

Why BEFE Coin Offers Value?

BEFE Coin very nicely combines the power of decentralized finance, community governance, and a focus on real-world functionality. This makes it a coin that challenges traditional finance while offering compelling value to investors.

What Makes BEFE Unique?

So, let us check out why the BEFE Coin is doing so well in the Crypto market and why investors are so excited about its future potential and the benefits it provides:

Fast and Affordable: BEFE operates on its own blockchain. This has been a game changer for BEFE as it has made the transactions on it super fast. Additionally, the altcoin aims to charge minimal fees to attract more users.

Staking Rewards: BEFE’s entry into the Bitgert ecosystem also has a lot to do with its fast growth. 

Community-Driven: BEFE holders also have a say in the project’s direction. Community engagement has always been BEFE’s advantage.   

Practical Applications: BEFE is much more than just internet hype and its main aim is to improve real-world financial processes for greater user experience.

Is BEFE Coin a Smart Investment?

Experts suggest that the post-halving environment creates a great climate for investing in BEFE Coin. Its focus on speed and affordability stands out in the market. 

Conclusion

So, the BEFE Coin is constantly growing as one of the top contenders in the meme coin market currently, and for good reason. It’s price has grown significantly in the recent past and according to the experts’ opinion, it will continue to do so. 

However, it is important to remember that just like any investment, it is important to conduct your own thorough research to make informed decisions about the same.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The association’s statutes were signed, marking the formal debut of PRAGMA.

The arrangement seeks to establish a strong ecosystem for Cardano and other blockchains.

The formation of PRAGMA, a new non-profit association committed to supporting open-source blockchain software initiatives, has been announced by the Cardano Foundation. This in conjunction with four more organizations: Blink Labs, dcSpark, Sundae Labs, and TxPipe.

The announcement was made by Renagh Moone, the Global Communications Director, in a post. The association’s statutes were signed, marking the formal debut of PRAGMA. It’s primary focus will be to create an environment where developers can work together and expand upon open-source technology.

Phased Approach

Through supporting a community-driven software development method, the arrangement seeks to establish a strong and long-lasting ecosystem for Cardano and other blockchain networks.

As a first step, PRAGMA will lend a hand to ongoing open-source initiatives on the Cardano platform. And promote the creation of related tools and technologies. A phased approach to the projects will be used to accomplish this.

The Amaru project is where it will all start. This project aims at developing a Rust-based Cardano full node that can fully interoperate with current Haskell nodes. The December 2023 introduction of Cardano’s W3C-compatible Identity Wallet demonstrates the company’s commitment to interoperability.

One such important project is Aiken, a platform for smart contracts that aims to streamline and enhance Cardano smart contract development.

Sources claim that PRAGMA will expand the number of Cardano network developers who may become members in the second phase, which is set to take place in 2025. Creating a welcoming space for people of all backgrounds to work together on software development is essential, as is encouraging more cooperation and creativity.

Highlighted Crypto News Today:

Can Whales Ignite Polygon (MATIC)’S Journey To $1

Cryptocurrency market surges post-Bitcoin Halving: Bitcoin breaks $66,000, setting positive tone.

Binance Coin (BNB) shines: 5% jump in 24 hours, 93.56% YTD growth.

BNB price bullish: Eyes $635 resistance, potential ATH challenge; watch for $569 support.

The cryptocurrency market has witnessed a surge in buying pressure over the past weekend, leading to a significant uptick in price action across the board. Bitcoin, the market leader, has surpassed the $66,000 mark following the highly anticipated Bitcoin Halving event, setting a positive tone for the entire crypto space.

Among the top performers, Binance Coin (BNB) has recorded an impressive 5% jump in just 24 hours and a 4.37% increase over the past seven days. The altcoin’s year-to-date (YTD) performance stands at a remarkable 93.56%, highlighting its strong growth trajectory in the current market climate.

Binance Coin Price Records a Bullish Convergence

After a lackluster performance in 2023, the BNB coin price kicked off 2024 on a bullish note, indicating a growing interest among investors for this promising altcoin. Before facing resistance at its upper level, the Binance coin price surged by over 104%, skyrocketing from $311 to $635 this year alone.

Since then, the price has been trading within a consolidated range between $506.5 and $635. However, the Binance token has displayed a strong bullish reversal in its chart post-Halving, suggesting a high likelihood of a positive outlook for the coin in the near future.

Will BNB Price Reach New Heights?

If the bulls maintain their positive influence on the market, the BNB price is expected to continue its ascent and test the resistance level of $635 by the upcoming weekend. If the price can sustain itself above this level, it will pave the way for the Binance token to challenge its all-time high (ATH) of $690.93 in the coming month.

However, if the BNB token experiences a bearish trend reversal, the price may lose momentum and fall back to test its support level of $569. If the bears continue to dominate the market, the coin could plunge further and prepare to test its lower support levels.

The Thai government will ban any cryptocurrency exchange that does not have the license.

The Thai SEC has asked crypto holders to move their money out of unlicensed exchanges.

In an effort to curb online crimes like money laundering, the Thai government will ban any cryptocurrency exchange that does not have the proper permission to operate within the nation. The Thai SEC will notify the Ministry of Digital Economy and Society of all unauthorized cryptocurrency exchanges in Thailand.

Following the April 19 meeting of the Technology Crime Prevention and Suppression Committee, the directive was announced by Thai SEC Secretary-General Pornanong Budsaratragoon. Both India and the Philippines have lately outlawed any offshore exchanges that do not adhere to their national laws, which prompted Thailand to follow suit and blacklist unlicensed enterprises.

Several Exchanges Under Scrutiny

To lessen the blow to the general populace, the Thai SEC has asked cryptocurrency holders to move their money out of unlicensed exchanges before the ban goes into force.

Prior to investing, potential investors in Thailand are strongly encouraged to use the SEC Check First app to verify that the platforms in question have the necessary licenses. A cursory web search reveals that Binance is still not registered and will have to shut down when the prohibition is enforced.

Moreover, according to data provided by the Thai government, other well-known offshore cryptocurrency exchanges including OKX, Kraken, Coinbase, and KuCoin do not have the necessary licenses to operate in the country.

Proposals to outlaw non-decentralized protocols are being considered by European regulators. The new regulatory framework for digital assets in the region, known as Markets in Crypto-Assets (MiCA), states that the European Commission must assess the decentralized finance (DeFi) market and the possibility of sector-specific regulations by December 30.

Highlighted Crypto News Today:

Binance Coin (BNB) Surges Amidst Bullish Convergence, Eyes New ATH

Chainlink (LINK) emerges as a leader in altcoin recovery post-East Asian crisis, showing signs of a bullish turnaround.

Key support at $13 sparks optimism for a potential rally beyond $20, despite sideways trading and a looming death cross.

Recovery rally boosts LINK price by 18%, aiming to reclaim $20; caution advised for potential reversal risks.

As the cryptocurrency market begins to recover from the bearish impact of the East Asian crisis, altcoins are showing signs of a comeback. Among the coins leading the charge is Chainlink (LINK), whose price action reflects a high potential for a bull run, starting with another bounce back from crucial support levels.

The $13 support level has provided a cushion for a bullish turnaround for the third time, teasing the possibility of a sharper recovery. This development has left investors and traders wondering if this turnaround rally could propel Chainlink’s price beyond the $20 mark.

Chainlink Price Performance: Sideways Struggle and Potential Death Cross

On the daily chart, LINK’s price action has been trading sideways, struggling to sustain bullish momentum. The cryptocurrency has taken multiple dips to the crucial support level of $13, while a potential death cross looms over the chart as the 50-day Exponential Moving Average (EMA) shows a downtick.

The recent 40% dip to the $13 level has pushed LINK below the 200-day EMA. However, the coin has found another boost in bullish momentum, leading to an impressive 18% jump in the last five days.

This recovery rally has resulted in a V-shaped reversal, allowing LINK to reclaim the psychological mark of $15. Currently, the LINK price trades at $15.475 with an intraday move of 2.49%, reflecting an increase in underlying bullishness.

Will Price Cross $20? 

As the market recovers and the recovery rally gains momentum, the LINK price presents an opportunity for investors to buy the dip. If Chainlink’s price trend maintains a positive trajectory, the altcoin could surpass the $20 mark, with some optimistic projections even suggesting a potential rise to the $30 level.

However, investors should also be aware of the potential risks. A reversal from the $16 level could lead to another drop to the $13 mark. Furthermore, a drop below $13 could prove fatal for Chainlink, potentially leading to a 30% decline to $8.50.

Camana Bay, Cayman Islands, April 22nd, 2024, Chainwire

The KARRAT Foundation is pleased to announce the launch of the KARRAT Protocol, which supports transformative AI and innovations in gaming and entertainment industries: from real-time animation content for the streaming industry and emerging products for retail, telecom, education and wherever imagination takes the community in the future. 

$KARRAT is the governance token of the KARRAT Protocol. Using $KARRAT, the community will determine how the KARRAT Protocol is integrated into games and products, empowering the community of players and consumers, much more than traditional entertainment titles have.

My Pet Hooligan is the first gaming title to integrate the KARRAT Protocol and $KARRAT

My Pet Hooligan is the first launch title for the KARRAT Protocol. The flagship IP of AMGI Studios. The My Pet Hooligan game features cutting-edge motion capture tech, AI-driven conversational non-playing characters, real-time face-driven animation in the game, and, using the KARRAT Protocol, allows players to embody an NFT in-game. My Pet Hooligan won Best Action Game at the GAM3S.GG awards in December 2023.

$KARRAT empowers community decision-making over the KARRAT Protocol.

Central to the ethos of the KARRAT Protocol is the concept of empowered community decision-making. Traditional gaming and entertainment industries have long operated within closed-off silos, leaving communities without a voice in crucial decisions. KARRAT shatters this paradigm, with cutting-edge, on-chain governance.

With KARRAT Protocol, the community takes center stage, with a governance model that fosters inclusivity, transparency, and active participation powered by $KARRAT.

Airdrop Claim for My Pet Hooligan NFT Holders.

Holders of My Pet Hooligan NFTs are eligible for a $KARRAT claim. Claims can be made on the KARRAT website.

$KARRAT is now available on Coinbase, Gate and KuCoin.

About KARRAT FOUNDATION

The KARRAT Protocol is a decentralized gaming infrastructure layer, supported by $KARRAT and empowered by a truly decentralized community with a shared vision embracing gaming, entertainment and AI products catering for the new era.

About AMGI Studios

AMGI Studios is an independent gaming and animation technology company that lives at the intersection of gaming, animated AI technology and storytelling. The studio develops and produces traditional entertainment IP, and gaming properties through the use of its proprietary technology, AI integration and innovations in real-time animation. With a high-caliber creative team composed of artists and creators from studios such as Pixar, Disney and Industrial Light & Magic (ILM), AMGI Studios aims to be the bridge between Hollywood and the global gaming community. AMGI’s vision is simple — to empower dreamers and doers to make groundbreaking content by merging artistry and technology.

Contact

DirectorMatt ShawKarrat Foundationtyler@karratcoin.com