Grayscale officials cited the trust’s heritage and administration as reasons to justify the fees.

Despite the ever-shifting crypto market, GBTC has been unable to halt the outflow of funds.

Investors have been quite pessimistic about the Grayscale Bitcoin Trust (GBTC) for an extremely long time now. Senior ETF Analyst Eric Balchunas of Bloomberg confirmed that this 72-day period is the longest in the history of global ETF funds. Since January, when the United States government approved the introduction of spot Bitcoin ETFs, the unanticipated outflows persisted.

Despite the ever-shifting cryptocurrency market, GBTC has been unable to halt the outflow of funds. It is possible that the trust’s poor performance compared to its competitors is a result of the excessive fees it charges. 

Hefty Fees 

When it first came out, Grayscale’s cost was 1.5 percent, which was more than the 0.2% average imposed by competing ETF issuers. As a first line of defense, Grayscale officials cited the trust’s heritage and administration as reasons to justify the hefty cost. However, investors may not perceive the premium as justified if there is a continued outflow. Industry experts are keeping a close eye on the fallout from that trend because they see Grayscale’s declining appeal as a red flag.

The recent performance of BlackRock IBIT is illustrative of the developments occurring across the whole Bitcoin ETF industry. This top Bitcoin ETF had a stop in new inflows for the first time, which may indicate that investors are losing interest in assets backed by Bitcoin due to the overall market volatility. The future of investing in such exchange-traded funds (ETFs), including GBTC, seems dubious as Bitcoin prices exhibit adverse patterns.

Highlighted Crypto News Today:

TON Foundation Announces $600K Airdrop for NFT Traders and Holders

The user-friendliness and powerful features of the platform were his main points.

Tether’s tokenization path would provide support for several asset kinds.

Paolo Ardoino, CEO of Tether (the company behind the USDT stablecoin), recently went on X to provide some exciting information on the platform that would tokenize digital assets. Furthermore, Ardoino hinted at the imminent beta launch of the platform.

Writing, “Can’t wait to launch the beta,” Ardoino shared his enthusiasm in an X post. Ardoino already revealed the platform’s outstanding qualities and praised it as a “masterpiece” earlier this month, and this statement follows closely on the heels of that disclosure.

The tokenization platform is expected to completely transform the way digital assets are managed, according to the CEO of Tether. In addition, it strives to provide issuers and investors with a safe and easy user experience.

Wide Range of Assets Covered

The user-friendliness and powerful features of the platform were his main points. All of the following are a part of it: KYC/AML, issuance, and redemption flows; multisig asset management; and client data management. In addition, the CEO of Tether stressed that all these parts are “super intuitive,” which shows how committed the team is to making sure the user experience is easy.

Ardoino also shed light on the platform’s features. He confirmed that Tether’s tokenization path would provide support for several asset kinds, be multi-chain, and be completely decentralized. Also, he said it was “super customizable,” meaning users could tokenize several types of assets.

The assets might be anything from bonds and equities to more unusual things like rewards from coffee shops. In addition to teasing the platform’s adaptability, Ardoino said that it would act as a white label of Tether’s technology, letting customers tokenize assets worth over $110 billion, denominated in USDT.

Highlighted Crypto News Today:

Shiba Inu Unveils Ambitious Roadmap for Shibarium Ecosystem

The new platform was outlined as an updated approach to stablecoin transaction volume.

Users will be able to see the monthly active users, stablecoin supply, and transaction volume.

As a result of all the recent buzz around stablecoins, Visa’s crypto division has released a new platform called the Visa Onchain Analytics Dashboard.

It was after seeing a line chart made by well-known crypto enthusiast Nic Carter that Cuy Sheffield, Head of Crypto at Visa, decided to develop the firm’s stablecoin analytics dashboard, as he revealed on X. The payment processing company Visa and the blockchain company Allium Labs worked together to create their new platform.

Comprehensive Statistics

Moreover, the new platform was outlined by the Visa executive as an updated approach to transaction volume. It integrates a one-way volume filter that eliminates unnecessary smart contract transactions with an inorganic user filter that attempts to eliminate bot activity by only counting volume from addresses that have made less than 1,000 transactions and less than $10,000 in the last 30 days.

Users may keep tabs on stablecoin activity whenever it suits them with the aid of this dashboard. Among the important information that users will be able to see are the monthly active users, stablecoin supply, and transaction volume. Around the same time, data for USDC, USDT, PYUSD, and USDP, which are stablecoins tied to the US dollar, is accessible across five Layer-1 blockchains and four Layer-2 blockchains.

Also, Sheffield claims that Visa has recognized a number of issues with stablecoin, the most notable of which being the presence of “lots of noise” in the data. The usage of digital assets in many contexts, he said, with transactions started either by humans or by bots programmatically, poses this problem.

Highlighted Crypto News Today:

TON Foundation Announces $600K Airdrop for NFT Traders and Holders

The 105,600 TON airdrop snapshot was captured on April 23 at 8:00 AM CEST.

It is for eligible active traders on the NFT markets of Getgems, xRare, and Ton NFT Diamonds.

The TON Foundation has recently announced an airdrop for active NFT traders and holders worth $600K. An announcement was made by the TON Foundation on X about an airdrop of 105,600 TON. This was made available to active traders on the NFT markets of Getgems, xRare, and Ton NFT Diamonds.

The 105,600 TON airdrop snapshot was captured on April 23 at 8:00 AM CEST, according to the crypto firm’s statement on X. Importantly, the airdrop was open to active traders on the aforementioned NFT platforms from April 11 (2 PM CEST) until April 23 (8 AM CEST).

Redeem Points for TON

Moreover, having said that, the airdrop did not support Sybil wallet addresses, non-wallet addresses, or owners of NFT collections. Additionally, the event was open to all NFT collections on the aforementioned markets.

Furthermore, curiosity piqued, the TON Foundation decided against a point system that would have let users earn airdrop rewards based on a variety of on-chain criteria. It is worth mentioning that the user will get 1 point if the number of NFT collections transferred falls between 2 and 4. Likewise, the amount of points in hand grows in direct proportion to the number of collections traded, highlighting a straight proportional link between points gathered and incentives.

Points were also distributed according to other metrics, such as the total number of NFT transactions and the amount of NFT trading per user. Participants in the airdrop would be able to redeem their points for TON, the native token of the Ton blockchain, as incentives.

Highlighted Crypto News Today:

Shiba Inu Unveils Ambitious Roadmap for Shibarium Ecosystem

Lucie unveils plans for Shibarium, including ShibaSwap upgrades and Shiba Hub app launch.

TREAT token launch and play-to-earn Shiba Eternity game set for 2024/2025.

The Metaverse launch anticipated; Layer-3 blockchain development progresses with $12M investment.

Shiba Inu, the popular meme-inspired cryptocurrency, has recently outlined its upcoming developments for the Shibarium ecosystem, slated for implementation in the 2024/2025 cycle.

Lucie, Shiba Inu’s marketing lead, took to X to share the project’s ambitious roadmap, which includes a range of new features and upgrades designed to enhance the user experience and expand the ecosystem’s capabilities.

What's coming in 2024/2025 for #Shibarium?– #Shibaswap (version 1.75 followed by 2.0)– #Shibahub– @treatsforShib– #ShibaEternity P2E– @mvshib– @K9finance Liquid Staking– Layer 3 TestnetAdditionally, fully functional DAOs will be available for all tokens within the Shiba… pic.twitter.com/iICIaoi11Z

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 24, 2024

One of the most anticipated updates is the release of ShibaSwap versions 1.75 and 2.0, the official decentralized exchange (DEX) of the Shiba Inu ecosystem. These upgrades are expected to introduce new and improved features, further solidifying ShibaSwap’s position as a key player in the DeFi space.

Another exciting development is the launch of Shiba Hub, an app that has been described as “something extraordinary” by the project’s developers. Shiba Hub will serve as a resource center and community forum, integrating seamlessly with the Shibarium ecosystem and providing users with a centralized platform for engagement and information.

Shiba Inu ecosystem gearing up for TREAT launch

The Shiba Inu ecosystem is also gearing up for the public launch of its upcoming token, TREAT. The ecosystem expects this token to play a crucial role, rewarding users who stake SHIB across various liquidity pools and acting as a governance and gas fee token for the project’s upcoming Layer-3 blockchain solution.

The schedule for the release of the play-to-earn (P2E) version of Shiba Eternity, the ecosystem’s collectible card game (CCG), in the 2024/2025 timeframe is sure to please gaming enthusiasts. PlaySide Studios is currently conducting in-house testing for the game to guarantee a smooth and enjoyable user experience during its beta launch in Q2 2024.

Beyond these developments, LUCIE anticipate the debut of Shiba Inu’s metaverse project, SHIB: The Metaverse, in 2024/2025. While the community has been eagerly anticipating the project’s launch, the team behind SHIB: The Metaverse is taking the necessary time to ensure a successful and impactful release.

Furthermore, Shiba Inu is developing its own Layer-3 (L3) blockchain, which recently raised $12 million in an investment round. This privacy-focused L3 blockchain is expected to launch on Shibarium, with its testnet set to roll out in Q3 2024.

The relentless hard work has finally paid off, leading to a highly successful debut in the market. BlackCard Credit Card is introducing the BcCoinToken. The AI technology enables you to effortlessly spend your cryptocurrency anywhere traditional debit cards are accepted. Say goodbye to limitations and embrace the freedom to use your digital assets for daily purchases, online shopping, and ATM withdrawals.  

With the BlackCard Crypto Credit Card you can enjoy the convenience of converting your cryptocurrencies into local currency at every checkout, No more hassle with complex transactions or conversions – just pure convenience at your fingertips. In addition to  global payments with its crypto credit card, BlackCard recently announced the release of the BcCoin Token.

Its recent surge in value is nothing short of remarkable, skyrocketing an impressive 4000 % from its initial price of 30 cents to an impressive $10.00 plus. This dramatic increase has captured the attention of investors and enthusiasts alike, The creators behind this BcCoin project are thrilled to announce its imminent listing on 30 prominent cryptocurrency exchanges, with subsequent inclusion on the top 8 largest exchanges in the market. This strategic move marks a significant milestone in BcCoin’s journey towards wider accessibility and adoption within the digital asset ecosystem.

The decision to list on these 30 exchanges comes as part of BcCoin’s comprehensive strategy to enhance liquidity and broaden its investor base. By expanding its presence across multiple platforms, BcCoin aims to provide greater accessibility and convenience for traders and investors seeking to engage with its ecosystem. BcCoin aims to provide greater accessibility and convenience for traders and investors seeking to engage with its ecosystem.

This strategic pricing sets a clear benchmark for potential returns, positioning the token as a dynamic asset poised for significant appreciation.  

Furthermore, as we approach the end of the month, an eagerly awaited announcement from the BcCoin leadership promises further advancements in the realm of cryptocurrency, solidifying BlackCard Credit Card´s position as a pioneer in global crypto payments.

BlackCard stands on the brink of serving an immense market, with an estimated 500 million crypto wallet owners worldwide poised as potential customers, presenting a monumental opportunity to redefine the landscape of global financial transactions.

About BlackCard:

BlackCard is a leading provider of top-tier cryptocurrency solutions, delivering an innovative suite of products and services tailored to enhance the digital financial realm. Prioritizing sophistication, security, and convenience, BlackCard is at the forefront of shaping the future of finance through meticulous transactional excellence.

For more information about BlackCard and the BcCoin Token, please visit website. 

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.

Ethereum price dips by 2.50% amid broader market crash, sparking concerns of a drop to $3,000.

Despite recent setback, some investors hopeful for long-term gains, citing potential for a bullish trend triggered by Bitcoin Halving.

ETH finds support at $2,850 but faces resistance; mixed signals from technical indicators add to market uncertainty.

Ethereum, the largest altcoin by market capitalization, was not immune to the recent crash, with the ETH price declining by 2.50%. Concerns about a potential drop to $3,000 have arisen due to this recent setback and broader market fears of an intense correction.

Despite the current downturn, some investors remain optimistic about Ethereum’s long-term price trend. The history of Bitcoin Halving bringing an altcoin season has teased the possibility of a future bull run.

With a market cap of $382 billion, Ethereum has seen an 18% drop over the past few weeks. However, the ETH price has found support at the 50% Fibonacci level, around $2,850.

The weekly chart’s consolidation between the 50% and 61.80% Fibonacci levels has been extended by the most recent downturn. A possible bullish break is suggested by the smaller price rejection from the 50% Fib level, which results in a sustenance above $3,000.

Can Ethereum pick up pace?

The price of ETH is currently trading at $3,140 with an intraday Doji candle, which illustrates the erratic nature of the altcoin. Ethereum might be able to resume its upward trend if the market is able to avert any more losses.

Technical indicators paint a mixed picture for Ethereum. The bearish crossover in the MACD and signal lines in the weekly chart is a result of the recent pullback phase. However, a bounce back from the 50% Fib level in ETH price could restart the positive trajectory.  

The price of ETH might break over the $3,265 overhead resistance and indicate a breakout entry opportunity if the Ethereum bull run continues. This possible bull run might test the strong $4,000 resistance level, leading to a 25% increase.

On the other hand, the chances of a drop to $3,000 are minimal but still concerning for investors. The current market conditions have created a sense of uncertainty, leaving investors to weigh the potential outcomes for Ethereum’s price action.

Solana suffers as crypto market plunges, dropping below $150.

Current trends indicate potential drop to $100; recovery uncertain amidst market turmoil.

Strong demand at $100, but reaching $500 by 2024 remains doubtful amidst ongoing volatility.

The cryptocurrency market has been hit hard by the recent crash, and even top-performing blue chip altcoins like Solana (SOL) have not been spared.

The once-thriving SOL token has seen its market cap take a significant hit, resulting in a massive sell-off that has pushed its price below the crucial $150 mark.

As the market continues to tumble, investors are left wondering whether this correction is the final drop that could threaten a breakdown to $100 or if a bullish reversal is on the horizon. The question on everyone’s mind is: Will Solana find the necessary bullish momentum to reach $500 by 2024?

Can Solana find the momentum?

Currently, Solana’s native token is trading at around $145, with an intraday fall of 2.25%, resulting in another bearish engulfing candle. The downfall aligns with the broader market decline and has led to a retest of the broken resistance trendline.

With the chances of a post-retest reversal being minimal during this increased supply wave, the SOL price appears to be headed towards the $100 mark.

Technical indicators paint a mixed picture for Solana. The merging of the MACD and signal lines under the negative territory suggests a potential positive crossover. However, the ongoing downfall in SOL price could result in an extended negative trend.  

Despite the current correction phase, the underlying demand for Solana remains strong at the psychological mark of $100. A broader market comeback could increase bullish momentum, resulting in a post-retest bounceback.

By the end of this month, Solana’s market value might have reached its pinnacle at $200 due to the possibility that the rally would pick up steam. Nevertheless, given the current state of the cryptocurrency market, it is still unclear how to get to $500 in 2024.

There’s been various ups and downs in the crypto market lately. With the adoption of the Bitcoin ETFs, and the incoming halving, investors are looking at what’s next for the crypto ecosystem.

With the different unique experiences that come with blockchain projects, investors have to make informed decisions and research before jumping on any project. With this disarray and confusion currently ensuing, BEFE coin stands at the top, offering unique features and meme coin experience in the market.

Let’s see what the hype about the BEFE project is all about.

With its unique-centred approach in using memes and parody, the BEFE coin proves itself once again in the crypto market. This shows that people love memes and the project was able to capitalize on it and this was able to make BEFE cement its positioning in the crypto market. 

Bitgert Partnership Launch staking Rewards with BEFE Coin 

Launched with transparency and no presale in November 2023, the BEFE coin was able to grow astronomically to over 550% giving early investors huge returns. Using simplistic features, users and crypto traders can seamlessly make transactions. 

The BEFE project was able to utilize its partnership with Bitgert BRISE where holders can stake and earn BEFE tokens as rewards. The BEFE coin can be traded on blockchain networks such as the Binance smart chain and Ethereum network using decentralized exchanges like Uniswap and Pancakeswaps

With a tight community of over 80k members, the BEFE project has been able to successfully reach more mainstream users through social media. 

Market Analysis Backing BEFE’s String Fundamentals

BEFE implements a deflationary model that brings up a percentage of its supply on each transaction, increasing the price of the coin. This in turn reduces supply and increases demand. This isn’t a speculated prediction but backed up with facts and market analysis performance. 

Technical indicators such as moving average convergence (MACD) and RSI all point towards a strong buy signal for the BEFE coin. Experts have predicted a bullish increase of 800% in the coming months for the BEFE coin.

Amidst the uproar in the crypto space, the BEFE climbs to the top, making it a top crypto meme coin amongst its competitors. 

If you’re looking to invest in real-world utility and also gain massive profits from it. The BEFE coin presents this opportunity. This project is only getting started and there’s more to come.

To learn more, visit BEFE

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.

If you are looking for a crypto project to invest in for a bigger win after the Bitcoin halving, you should invest in Bitgert coin. The biggest hype in the crypto market right now is flying around Bitcoin, this is because everyone expects the crypto giant to go bullish after the halving. Bitgert, on the other hand, is a project with many features you can expect to get the attention of crypto investors and local traders when the Bitcoin halving hype goes down. So, let’s talk about Bitgert and how it is living up to the promise of cryptocurrency being a digital project for financial freedom.

Bitgert currently boasts a transaction speed of over 100,000 transactions completed per second. This is a feature that could change the entire thing we used to know about crypto transactions. With this innovation in transaction speed, you don’t need to wait again before your transactions are completed. This makes it one of the best crypto projects with the potential to go on a bullish run when the current hype surrounding Bitcoin halving goes down.

Now that we have a first-hand idea of the potential Bitgert holds for a big win after the halving process, let’s talk about how to position yourself for the win ahead.

Buy Bitgert Early

With the current rate at which Bitgert is growing, it shows a speculative drive suggesting that investors and traders are already paying attention to it. The current market price is around $0.0000002, which shows a coin with a big potential for a price surge. At this current price, you could see Bitgert doing over 120% in a few days after Bitcoin halved and attention started to shift to other altcoins.

Investors who are currently invested in Bitcoin and looking forward to making a profit after the Bitcoin halving will need another crypto project to invest in. Bitgert with its current win potential looks like a project that can enjoy this attention for a long time. 

Investing early at the current market price of BRISE could position it better when Bitgert BRISE unleashes its price surge after Bitcoin halves.

Stake Bigert BRISE for More Profit Potential

Although BRISE is not a Proof of Stake (PoS) project, it still encourages staking. Staking is a way you contribute to its network stability.

When you stake Bitgert, you enjoy an opportunity to get double the reward for holding the Bitgert coin. With the growing popularity it receives from investors who want to reinvest their profit, the price will keep rising. This means you get a reward from both the increased value of the Bitgert coin and interest in staking your Bitgert BRISE coin.

Follow more information about Bitgert from the BRISE official website.

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 the world of fintech marketing, there’s a debate to be had over whether it’s best to keep things simple, or if adding more sophistication to your messages is the optimal way to go. On one hand, simplicity makes your product seem more accessible and user-friendly. On the other hand, shouting about your advanced features from the rooftops can help attract the more tech-savvy users. 

So how do you find the right balance? Well, to help solve this conundrum, we bring you some tips on locating that sweet spot between simplicity and sophistication in your fintech marketing.

The Case for Simplicity

By now, most people have heard of that famous acronym that first originated in the US Navy back in the 60s: KISS (Keep It Simple, Stupid). This design principle points to one basic logic – simplicity in design and functionality usually leads to a more accessible and user-friendly product. The same can be said when it comes to marketing. 

With this in mind, let’s take a look at some of the main reasons why it could be better to lean towards simplicity when marketing your fintech product:

Lower barriers to entry: Marketing your products in a simpler and more intuitive way means that more people are going to understand the benefits and value proposition of your service. Things like lower trading fees, easy account opening, and a wide range of features are all clear perks that most people would grasp. This means your messages will be received by a wider target audience. 

Increased conversion rates: Simpler landing pages and interfaces with clear calls-to-action have been proven to convert more customers compared to overly complex platforms. Removing the clutter and guiding users smoothly towards signing up or making purchases can help increase revenue generating opportunities. 

Tips for Simplifying Your Marketing

As they say, if you can’t explain something in simple terms, that usually means that you don’t really understand it well enough yourself. As such, there is definitely an art to conveying complex topics in an easy-to-digest manner – and the brands who can manage to do it effectively will be able to reach a much wider audience. Here are some tips on how to do just that: 

Explain One Core Benefit

As for your messaging, it may be better to just focus on one core benefit, rather than overwhelm with a wide range of vague perks. What is it that separates your product from the rest? Is it lower fees? Is it easier onboarding? Is it the sheer number of trading pairs that you have on your platform? If you can really dial in on what this one unique value proposition is, it’ll be much easier to stand out from your competitors.

Use Visuals Showing Easy Onboarding

As traditional marketing methods become less effective, visual mediums such as photos and videos become increasingly valuable. If you can, show, don’t tell. Instead of explaining to a user how easy it is to exchange currencies on your platform, create a quick video and actually show them. 

Share Reviews Focused on Usability

In the fintech world, things get complex really fast. For this reason, sometimes it’s better to let your users explain the features and benefits to each other. User testimonials and reviews can really help to drive home key advantages, and the social proof acts as a key sales driver. 

Offer Free Trials Requiring Minimal Info

Following on from the show don’t tell method – offer people a trial so they can get their hands on your product or service early on in the discovery process. This gives people the chance to really see what your platform is all about.

The Case for Sophistication

Sometimes, adding more advanced capabilities and crypto-specific features can also be a smart play:

Meet user needs: While simplifying covers the basics, your platform still needs to solve real problems and address user pain points. Adding the right level of sophistication to your marketing message will add meaningful value to those that are looking for more advanced features. 

Stand out from competitors: If you just market your basic features, you aren’t going to stand out from your competitors. You will appear too vanilla for those looking for something that packs a bigger punch. Marketing your more advanced features means you can more easily differentiate yourself.

Tips for More Sophistication

If you’re looking to inject some sophistication into your fintech marketing, there are a few easy ways you can do that.

Highlight Unique Integrations and Partnerships

For starters, talk up any unique partnerships or integrations you have with other services. Promoting specialized APIs and connections gets tech-savvy users excited about all the possibilities.

Create Content Around Advanced Features/Tactics

You’ll also want to create content that dives deeper into some of your more advanced platform features. Offer tips, walkthroughs, or guides that really explore the full capabilities and help people get the most out of your solution. This kind of educational content tends to resonate with more technologically-inclined users who appreciate that level of detail.

Showcase Coming Innovations Through Press Releases

If you really want to show off your expertise and recent innovations, then a press release is going to be one of your best options. Bespoke services like FinanceWire help fintech brands distribute their announcements to some of the biggest financial media outlets with guaranteed and immediate exposure. Not only does this give you a platform to shout about your more advanced features and capture a more knowledgeable and informed crowd, but it also helps to build that all important trust and credibility in your niche. 

Provide Premium Memberships with Exclusive Features

You can always monetize that sophistication too with premium memberships. Provide additional features, customizations, or analytics capabilities through paid plans aimed at power users willing to pay for those exclusive extras that take their experience to the next level.

Final Word

Finding that perfect blend of simplicity and sophistication in fintech product marketing isn’t straightforward. There’s no magic formula—it really comes down to understanding your customers and learning as you go.

Sart off keeping things clean and simple. Make sure you nail the basic, essential features first before venturing into more advanced territory. Once you have gotten simplicity down pat, then you can begin to explore providing more tailor-made power-user capabilities.

As you introduce new features, keep an ear to the ground listening to user feedback, and keep an eye on your analytics to see what’s resonating. This will help you identify which customer segments care about having those extra bells and whistles at their disposal. You can then customize content and offers specifically for them. 

It’s an iterative process that will likely involve some trial and error before you land on that winning combo. The key is being patient, testing different approaches, and letting real user reactions guide you toward finding that sweet spot

New York, New York, April 25th, 2024, Chainwire

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO). With an illustrious career spanning over 20 years in finance, credit, real estate, and digital assets, Annelise will be responsible for developing and leading new business initiatives and partnerships across Web3 and beyond.

At Kadena, Annelise’s role as Chief Business Officer is not just a new addition to the team but a strategic move to further propel Kadena’s growth within Web3 ecosystems and adoption with institutional opportunities. Her wealth of institutional experience will be instrumental in shaping Kadena’s future. 

Osborne’s appointment is a testament to her exceptional leadership abilities and strategic acumen, honed during her tenure at Moody’s, where she spent 12 years, and her previous position as COO of Propellr. Her wealth of experience brings a unique perspective to Kadena, instilling confidence in her ability to drive the company’s growth and success. 

Before joining Kadena, Annelise was the Head of Institutional with Arca Labs. She successfully led the team’s work with companies to drive blockchain innovation across strategic partnerships and advisory services. 

“We are thrilled to welcome Annelise Osborne as Kadena’s Chief Business Officer. Her extensive leadership experience, years of university-level lectures, and deep involvement in both blockchain and traditional markets position her to bring continued excellence to Kadena’s business operations,” expressed Stuart Popejoy, Kadena’s CEO and Founder. 

“As institutions search for secure and scalable blockchains to build regulated digital assets, I’m elated to join Kadena to offer the necessary technology at such a pivotal moment in time as Wall Street embraces the next frontier of finance,” said Annelise Osborne.

Annelise’s extensive experience in financial services is complemented by her upcoming book, “From Hoodies to Suits: Innovating Digital Assets for Traditional Finance” (Wiley Publishing), set to be released this summer. This book, which delves into the intersection of digital assets and traditional finance, is a testament to her thought leadership and her ability to anticipate and navigate industry trends.

About Kadena 

Kadena is a blockchain technology company that was founded in 2017 by Stuart Popejoy and Will Martino, who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee. Kadena is the industry’s only scalable layer-1 Proof of Work (PoW) blockchain. This scalability enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with our own smart contract language Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality. Kadena aims to allow for true blockchain mass adoption.

Contact

Kadena PressKadenapress@kadena.io

Ripple’s CTO, David Schwartz, reaffirms the continued importance of XRP within the company’s ecosystem.

Schwartz emphasizes the need for payment software capable of settling with XRP to ensure optimal solutions for users.

David Schwartz, Ripple’s CTO, has reaffirmed the ongoing significance of XRP within the company’s ecosystem, in response to concerns within the XRP community regarding Ripple’s recent foray into stablecoin development. With the recent announcement of a dollar-pegged stablecoin, some speculated about the future role of XRP. However, Schwartz clarified that introducing the stablecoin does not diminish XRP’s importance in facilitating efficient cross-border transactions.

Schwartz emphasized the strategic value of XRP, particularly in scenarios where its unique capabilities offer superiority. He stressed that Ripple remains committed to providing users with the optimal payment solutions tailored to their specific needs, leveraging XRP’s strengths where applicable while acknowledging its limitations in other contexts.

By addressing these concerns, Schwartz’s remarks aim to dispel any misconceptions regarding XRP’s relevance, highlighting Ripple’s commitment to offering a diverse range of payment options to its users.

CZ Defense seeks probation, citing his non-violent offense.

Emphasis grow on Zhao’s acceptance of responsibility and positive contributions.

In the upcoming sentencing hearing for former Binance CEO Changpeng “CZ” Zhao on April 30, his defense team has fervently advocated for probation rather than the 36-month prison term sought by US prosecutors. In a sentencing memorandum, Zhao’s attorneys outlined compelling reasons for leniency.

Central to the defense’s argument is Zhao’s status as a first-time, non-violent offender whose offense solely pertains to anti-money laundering compliance failure. Notably, the government did not accuse him of involvement in more serious financial crimes such as money laundering or fraud.

Emphasizing Zhao’s personal history and commitment to positive change, his attorneys highlighted his dedication to family, philanthropic endeavors through Binance Charity, and collaborative efforts with law enforcement to combat crypto-related crimes. They underscored his acceptance of responsibility, evidenced by his voluntary return from a non-extradition country to plead guilty and substantial financial penalties, including a $4.3 billion fine.

Moreover, the defense argued that probation aligns with legal precedent, citing similar cases like BitMEX where defendants received probationary sentences. They also raised concerns about potential disparities in sentencing, particularly considering Zhao’s noncitizen status and the harsher conditions he might face in prison.

Does Community Support CZ?

The crypto community has rallied behind Zhao, expressing unprecedented support for his release or a minimal sentence. Hundreds of letters from family, friends, colleagues, and industry participants have flooded the court, advocating for probation.

In light of these factors, Zhao’s defense contends that probation, potentially including home confinement in Abu Dhabi, is a more appropriate and just outcome, highlighting his minimal risk of re-offending and ongoing positive contributions to society.

The Solana-powered Neon EVM and Web3 data lake and query engine Subsquid have announced an upcoming collaboration that will make it simpler for dApp developers to access the on-chain data of Neon EVM. The collaboration is the first phase of Subsquid’s much anticipated Solana blockchain expansion.

Subsquid is a cutting-edge query engine and decentralized data lake designed with scalability and usefulness in mind. A safe substitute for centralized infrastructure companies such as API providers is offered by Subsquid.

Its partners include Manta Network, Parity, and Enjin. It provides blockchain indexing, app development, and analytics. With Neon EVM’s assistance, the network will now support Solana in addition to Ethereum, its L2s, and Substrate (Polkadot and Kusama).

Subsquid will integrate Neon EVM on-chain data into its decentralized data lake, which is secured by ZK proofs, as part of the agreement. Developers will have an easier time developing dApps on Neon as a result of this easy access to existing information.

A smart contract built on Solana, Neon EVM provides an environment entirely compatible with Ethereum. It provides Ethereum solutions, such as infrastructure and tools, accounts and signatures, and token standards (ERC-20 tokens), without any of the drawbacks that have historically come with Ethereum, such as high gas costs, a lack of liquidity, and protracted wait times.

Neon EVM offers faster transactions, reduced costs, more liquidity, scalability, and exclusive capabilities not found on Ethereum since it runs on Solana.

Subsquid’s roadmap for the first quarter of 2024 included the key step of expanding to the Solana network. Subsquid still aims to reveal further upgrades this year, including as the launch of a mainnet, Cosmos support, and permissionless dataset submission, even while Solana expansion is crossed off its to-do list for 2024.

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.

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.

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

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends 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.

Christian Langalis had managed to get a seat behind Janet Yellen at a July 2017 hearing.

Langalis stands to gain almost $875,000, or 13.6 BTC after platform fee deduction.

At auction, a yellow notebook with the words “Buy Bitcoin” sold for sixteen Bitcoin, or more than one million dollars. This notepad was displayed behind then-United States Federal Reserve Chair Janet Yellen at a congressional hearing in 2017.

The successful bidder on the Bitcoin auction platform Scarce City went by the username “Justin” (often spelled “Squirrekkywrath”). The auction concluded on April 24, following a week-long run. Christian Langalis, who managed to get a seat behind Janet Yellen at a July 2017 televised House Financial Services Committee hearing, put up the sign. He scribbled it down and flashed it to the camera.

Substantial Profit

Since placards are not permitted to be exhibited during hearings, Langalis was led out after photobombing Yellen. Bitcoin’s price surged 3.7%, topping $2,418 after the sign was shown, according to CNBC’s reporting at the time.

Langalis stands to gain almost $875,000, or 13.6 BTC, when Scarce City deducts its 15% fee. The paper with the scribbled sign “was removed from the notepad shortly after the hearing,” according to the description, but it has subsequently been “reattached with clear archival wire.”

With an average selling price of 0.8 BTC (equivalent to around $51,300 now) in 2019, Langalis produced and sold 21 copies of the sign. The listing states that the replicas may be seen at the offices of the crypto think tank Coin Center, as well as the investment companies Paradigm, Blockchain Capital, and Castle Island Ventures. According to Bloomberg, Langalis intended to contribute to a Bitcoin software project with the proceeds from the most recent sale.

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The Web3 Summit Dubai 2024, jointly organized by Web3 Summit, BlockNews, and LBank Labs, recently concluded at Atlantis, The Palm hotel in Dubai, marking a significant milestone during Dubai Blockchain Week. The event attracted over 100 industry leaders, distinguished representatives from renowned institutions, seasoned professional investors, and thousands of global attendees.

The primary objective of the Web3 Summit Dubai 2024 was to serve as a central platform for connecting global Web3 and fintech initiatives. Through on-site dialogues, professional exchanges, and collaborative discussions, the summit aimed to catalyze industry development and foster cooperation on a global scale. It brought together influential figures spanning various sectors, including technology experts, visionary entrepreneurs, investors, and government officials. Participants shared valuable insights and experiences, delving into topics such as blockchain technology, digital asset markets, and fintech innovation, while also analyzing industry trends and identifying future opportunities.

The event commenced with opening remarks from Sheikh Ali Al Maktoum, chairman of The Family Office of Sheikh Ali Bin Rashed Al Maktoum, who highlighted Dubai’s progress in regulation and expressed full support for market participants. Following this, Max, Founder of BlockNews, and Kaia Wang, the Global Chief Marketing Officer of LBank, shared their professional insights and future outlook for the Web3 sector.

Keynote speeches at the summit spurred deep discussions and innovative thinking, laying a strong foundation for cooperation and development in Web3 and digital asset industries. Panel discussions covered a range of topics, including scalability approaches, shaping the Web3 gaming ecosystem, real-world assets, stablecoins, liquidity maximization, regulatory coordination, interoperability, and cross-chain collaboration.

Additionally, the exhibition area provided a dynamic space for exhibitors and attendees to actively engage and communicate, fostering valuable connections and networking opportunities. Participants explored innovative products, technologies, and solutions showcased by exhibitors, exchanging ideas and insights to further enhance collaboration within the Web3 community.

The summit’s main sponsors include RWA Finance, BIKA, L7, Floxypay, Shiba Inu, Exabits, CratD2C, Whistle, Sage AI, Alien, LinkTo, Domi Chain, CESS, Linux, Gather, MT Capital, RS Capital, Meson, Tubes, Oasis, WPC, Spending Power, SC Group, Business Bay, 100X.win, WatchX, DeepLink, Copilot Venture Studio, Kitsaya Labs, Privasea, Mhaya Game, East Blue, Titan Network, Swarm, BTC Machines, Scallop, DeAi, Bee Wallet, Volcano X Capital, 1024 Network, Nulink, DappOS, Bit.Store, Master Protocol, TBC, ChainUp, and Moledao.

Media partners include CoinDesk, Cointelegraph, Bitcoin.com, Coinpost, U.Today, The Block, CoinCodex, MarsBit, PANews, Block Beats, Odaily, Golden Finance, TheNewsCrypto, Foresights News, BitouchNews, Meta Era, Blocklike, Milin, NewsBTC, CFB Blockchain, Chain Catcher, DeThings, SeeDAO, Whale Research Institute, SUWA, Meta Space, QuestN, CoinGape, LuluFriends, TokenPost, DroomDroom, Cryptonite, lnvesting.com, Jsquare, PyCrypto, Yahoo, Forbes, AMB Crypto, Bitcoin Addict, Crypto.news, Solly, CryptoNewsZ, The Blockopedia, NewsCrypto, Blockwee, Venture Capital Community, Wind, and Crypto World Community.

The Web3 Summit Dubai 2024 concluded with remarkable success, showcasing Dubai as a focal point for the crypto and Web3 technology fields. The event deepened understanding of the Web3 domain, explored future development directions, and promoted cooperation and innovation within the industry.

About the Web3 Summit Dubai:

The Web3 Summit Dubai is a premier event dedicated to exploring the latest trends and developments in Web3 technology and the crypto industry. Hosted in Dubai, the summit brings together industry leaders, experts, and enthusiasts to foster innovation, collaboration, and growth within the Web3 ecosystem.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends 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.

zug, SWITZERLAND, April 25th, 2024, Chainwire

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, credit card issuers and other payment infrastructure providers, the high barriers to crypto entry are about to be a thing of the past. 

In November of last year, Velocity Labs began talks with Ramp, the leading onramp infrastructure provider for web3. The objective was simple: maximize Asset Hub’s accessibility, and to get it to its full potential. 

Asset Hub is a system parachain considered the “home base” of assets in the Polkadot blockspace ecosystem. It enables the creation, management, and use of assets in the Polkadot network. As a system parachain, it has a trusted relationship with the Polkadot Relay Chain, allowing for porting of DOT from the Relay Chain to Asset Hub. Asset Hub is crucial for the emission of tokens similar to ERC-20 (the Ethereum standard powering DeFi on that chain) and the imminent and future resurgence of DeFi on Polkadot. However, Asset Hub has many constraints, particularly around UX and DevEx. Recognizing the potential of Asset Hub and its importance, Velocity has been working tirelessly to address these limitations.

Ramp is a financial technology company building solutions that connect the crypto economy with today’s global financial infrastructure. Through its core on- and off-ramp products, Ramp provides businesses and individuals across 150+ countries with a streamlined and smooth experience in converting between cryptocurrencies and fiat currencies. Ramp is fully integrated with the world’s major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay, and more. 

About Velocity Labs

Velocity Labs is a DeFi and infrastructure development company founded with the objective of transforming the Polkadot blockspace ecosystem into a thriving hub for DeFi innovation. A team formed by Polkadot veterans and DeFi experts, Velocity Labs is committed to building critical market infrastructure and tooling to unlock Polkadot’s full potential.

More information on velocitylabs.org

Velocity Labs actively searching for builders to join us in creating the most efficient and resilient ecosystem for DeFi on Polkadot. If you think this is you, please get in touch with us through this form.

Contact

ops leadMARIA PAULA FERNANDEZVelocity Labs AGmp@velocitylabs.org

The HBAR token surged by more than 100% on Tuesday after a misunderstood message.

BlackRock has clarified that the company was not involved in the tokenization initiative.

According to BlackRock, there is “no commercial relationship” between the two companies, and the investment giant did not tokenize any of its funds—including its $22 billion money market fund—using the Hedera Hashgraph.

After the HBAR Foundation announced on X that blockchain companies Archax and Ownera tokenized BlackRock’s ICS U.S. Treasury Fund on Hedera, the HBAR token (Hedera’s cryptocurrency) surged by more than 100% on Tuesday.

HBAR Token Price Plummets

A representative from BlackRock has clarified that the message did not indicate that the company was involved in the tokenization initiative, as some readers had assumed. At the time of writing, HBAR was trading at $0.1108, down 12.8% in the last 24 hours, as per data from CoinMarketCap.

The representative went on to say that BlackRock would keep the public updated on the progress of their digital asset strategy in the same way that they have in the past. Although some crypto influencers misunderstood the message, the statement from the HBAR Foundation has nevertheless managed to get over 3,200 reposts and 2.9 million views since it was uploaded a little over 36 hours ago.

Later on X, Archax CEO Graham Rodford explained that his business chose to tokenize shares of BlackRock’s money market fund, but that BlackRock was “aware” of Archax’s move. In a conversation with cryptocurrency YouTuber Jesus Martinez, Rodford went into additional detail about the subtlety.

The CEO stated:

“What we saw on Twitter was kind of pretty much close to the truth […] Archax had clients that wanted to invest in the BlackRock money market fund. When they expressed an interest we opened an account at BlackRock so that we could.”

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