Ripple SEC Lawsuit Update Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)—Magistrate Judge Sarah Netburn has set a new schedule, providing a Ripple lawsuit update. The new schedule relates to Ripple’s motion to dismiss the US Security and Exchange Commission’s latest expert submissions.

Ripple vs. SEC Lawsuit Update

Ripple argued that its On-Demand Liquidity (ODL) sales do not meet the traditional characteristics of an investment because transactions only hold XRP for seconds, not for investment purposes.

On April 22, Ripple filed a Motion to Strike, requesting the court to strike new expert materials that supported the SEC’s opening brief. Ripple argued that the SEC had included testimony from Andrea Fox without disclosing her identity and testimony during the discovery phase.

Judge issued a scheduling order in the Ripple SEC lawsuit.

The regulatory body expects its motion would help support the SEC’s request for remedies and a final judgment. Judge Netburn has granted the SEC an extension until April 29, 2024, to file their rebuttal to Ripple’s motion. After the SEC’s submission, Ripple will have three business days to issue their response.

In a recent Ripple lawsuit update, Ripple acknowledged the court’s decision but contested the extensive remedies proposed by the SEC, which include broad injunctive relief, significant disgorgement of profits, and substantial civil penalties. Ripple argued that the factual basis of the case makes the remedies disproportionate.

Furthermore, Ripple argued against the injunction on the basis that it had adjusted its operations to ensure compliance with legal standards, thereby mitigating the likelihood of future violations.

ConsenSys Does An UNO Reverse, Sues SEC

Parallel to Ripple’s case, Ethereum developer ConsenSys has filed a lawsuit against the SEC, challenging the regulator’s authority over Ethereum and its associated services, such as MetaMask.

ConsenSys seeks a declaration that ETH is not a security, arguing against the SEC’s recent actions that suggest an expansion of its regulatory reach over cryptocurrencies. The lawsuit emphasizes the inconsistencies in the SEC’s approach, citing past statements that considered ETH a commodity.

ConsenSys sued the SEC over Ethereum’s status.

The ConsenSys lawsuit could significantly impact the Ripple case and the broader cryptocurrency market. If ConsenSys successfully argues that ETH is not a security, it might set a legal precedent that could benefit Ripple by fostering a more favorable regulatory environment for cryptocurrencies.

Such outcomes could deter the SEC from asserting broad regulatory authority, potentially influencing its ongoing case against Ripple.

Both cases are pivotal, as market participants expect the lawsuits to set important precedents for the regulatory framework of cryptocurrencies in the United States.

The outcomes could either reinforce the SEC’s regulatory stance or encourage reevaluating how digital assets are classified and regulated, affecting the entire crypto industry.

The post Ripple Lawsuit Update: New Scheduling Order, ConsenSys Joins The Fight appeared first on CoinChapter.

Solana Memecoin Trader Nets 23M Profit

NAIROBI (Coinchapter.com) – A single trader, known as “paulo.sol” on the Solana blockchain, has defied the odds by accumulating a staggering $23 million profit from trading various memecoins. This remarkable feat has captured the attention of the cryptocurrency community, leaving many in awe of the trader’s strategic prowess.

Source: Lookonchain How Did the Solana Memecoin Trader Do It?

The trader’s success seems to stem from a measured approach. Instead of blindly purchasing tokens at launch, paulo.sol waited for initial upward price movements before heavily investing. This strategy proved highly effective with both WIF and BODEN.

According to blockchain analysis firm Lookonchain, paulo.sol’s journey began in November 2023 when they noticed the potential of the memecoin BONK. With a keen eye for opportunity, they consistently bought low and sold high, ultimately raking in an impressive $6.28 million profit from BONK trades alone.

BONK/SOL price chart. Source: Dexscreener

Paulo.sol’s success didn’t stop there. In December 2023, they spotted the rising popularity of WIF and started accumulating the tokens. Similarly, in March 2024, they jumped on the BODEN bandwagon, recognizing its potential early on. Through strategic trading, paulo.sol secured an additional $9.51 million from WIF and $7.04 million from BODEN, further solidifying their position as a memecoin trading maven.

Interestingly, As of April 26, 2024, paulo.sol still holds substantial positions in BODEN ($7.6 million) and WIF ($5.7 million), indicating a long-term bullish outlook on these assets. This suggests continued confidence in the potential of these memecoins.

Trader Shifts Focus

The trader is now turning attention to newer memecoins like PUPS and POPCAT. A substantial investment of $1.77 million has been made into POPCAT, alongside a $5.97 million purchase of PUPS tokens. This move notably makes the trader the largest PUPS holder on Solana.

Solana memecoin trader PUPS and POPCAT holdings. Source: Lookonchain

The Solana memecoin craze continues to produce success stories like this one. In December 2023, a trader profited $2 million from an initial $62 investment. Similarly, in April 2024, another trader turned $13,000 into $2 million in only an hour.

The post Solana Memecoin Trader Nets $23M Profit – Could You Be Next? appeared first on CoinChapter.

Key Takeaways:

Ethereum is struggling to recover above the $3,300 resistance zone.

ETH/USD is still above a crucial parabolic curve with current support at $3,000 on the weekly chart.

The price could decline heavily if there is a weekly close below $3,000.

New Delhi (CoinChapter.com): Ethereum (ETH) is struggling to gain bullish momentum above $3,300. There could be a sharp decline if the bears push the price below $2,900-$3,000.

Ethereum Price Near Crucial Juncture

In the last weekly analysis, we discussed the importance of the $2,900 support for Ethereum. ETH price did stay above the $2,900 support zone and recently attempted a recovery wave, like Bitcoin. There was a minor increase above the $3,050 and $3,150 levels.

However, the bears were active near the $3,250 and $3,300 levels. Earlier, there was a sharp decline below the 50% Fib retracement level of the upward move from the $2,172 swing low to the $4,082 high. The price tested the $2,900 support and started a consolidation phase.

Ethereum price weekly chart | Source: ETH/USD on TradingView.com

The bulls seem to be putting up a strong fight near the $2,900 and $3,000 support levels. Besides, Ethereum is still above a crucial parabolic curve with current support at $3,000 on the weekly chart.

The last two candles now signal a possible bullish exhaustion pattern. Having said that, the bears need a weekly close below the parabolic curve, the $2,900 support zone, and the 61.8% Fib retracement level of the upward move from the $2,172 swing low to the $4,082 high.

If Ether settles below the $2,900-$3,000 support zone, there could be a major pullback. In the stated case, the bears might aim for a move toward the $2,620 support zone. The next major support sits near the 50-week simple moving average (blue) at $2,200.

Fresh Rally In ETH?

Conversely, Ethereum might remain strong above the curve support and attempt another increase. Immediate resistance is near the $3,250 level. The first major resistance is $3,300. If the price clears the $3,300 resistance, it could open the doors for a move toward the $3,630 resistance.

The next key resistance might be $3,880. A close above the $3,880 level could initiate a move toward the $4,000 resistance. Any more gains might send the price toward the $4,400 level in the coming weeks.

Overall, Ethereum price is showing a few bearish signs below $3,300. If the bulls fail to protect a weekly close below $2,900, there could be more losses toward $2,200. Conversely, the price might start another increase toward $3,630 in the coming weeks.

The post Ethereum Price Signals Bullish Exhaustion, Can Bulls Save The Week? appeared first on CoinChapter.

Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)— ADA price is on the brink of confirming a bearish technical pattern that could devour the Cardano token’s gains since Nov. 2023.

ADA price action over the past 30 days. Source: CoinStats

April has not been a good month for the Cardano token, with the ADA price dropping below $0.45 following the recent crypto market crash. Moreover, Forbes Research released a report in late March 2024 labeling Cardano a “billion-dollar zombie” project.

Per the report, Forbes categorized layer-1 blockchains with high valuations but “unproven and having little utility other than speculative crypto trading” as zombie projects. Moreover, the report noted that Cardano seemed to rely too much on the popularity of its creator, Charles Hoskinson.

Hoskinson himself seems to be the main attraction. He owns an 11,000-acre ranch in Wyoming, funds self-described alien hunters and recently opened an anti-aging and regenerative medicine center in the town of Gillette.

The report stated

ADA Close To Breaking Below Bearish Pattern

ADA price has formed a bearish technical setup called the ‘bear flag pattern.‘

The bear flag pattern appears on a cryptocurrency price chart when a brief, sharp countertrend movement—often referred to as the flag—follows a preceding downward trend. The formation typically signals a potential reversal of the countertrend.

ADA price formed a bearish pattern with a 32% downside target. Source: Tradingview.com

In a bearish continuation setup, volume levels may stabilize or decrease during consolidation. During the consolidation period of a bear flag setup, the market often trends upward in response to the initial price drop, triggering FUD.

Furthermore, the emotional response typically results in higher-than-average trading volumes as investors and traders re-enter the market to capitalize on or mitigate the price movement’s effects.

Traders calculate the bear flag pattern’s price target by subtracting the flagpole’s length from the breakout price level. As a result, ADA price might drop to $0.32, a 32% drop from the current price level.

ADA price is testing the pattern’s support line, and further bearish pressure could force the token to confirm the bearish setup. However, the Cardano token has lined up some bullish cues that could help it start a bull run.

On-Chain Data Could Help ADA Price Invalidate Pattern

IntoTheBlock’s Global In/Out of the Money (GIOM) indicator categorizes wallet addresses based on their profitability status at the current ADA price, classifying them into three groups: in the money (profiting), at the money (breaking even), and out of the money (losses).

Global In/Out of the Money (GIOM) indicator for ADA. Source: IntoTheBlock

36.28% of ADA holders are currently profiting, while nearly 59% are currently ‘out of the money’ or facing losses. This situation typically deters holders from selling, thereby reducing the likelihood of a price drop due to a mass sell-off.

For the undecided investors, this presents a strategic opportunity to buy into ADA at a lower price, anticipating a market recovery.

The analysis of large transactions on the Cardano blockchain further reinforces the bullish outlook. A notable surge in transactions over $100,000, recorded at 6,180 with a 15% increase on April 24, suggests active accumulation by ADA whales as the token’s price dipped below $0.47

The combination typically indicates strong buying interest during price dips, a common strategy among seasoned investors aiming to maximize returns.

The post ADA Close To Confirming Bearish Pattern Despite Cardano’s Efforts appeared first on CoinChapter.

The Bitcoin halving provides an exceptional chance for investors. As you consider investing in the coin, remember that while the long-term future appears optimistic due to increased scarcity, the short-term market can be extremely turbulent, so you need to be cautious about how you go about it.

To help you out, here are some strategies to put into place when navigating this dynamic environment:

Don’t fall for selling the news 

Some people have the idea of “buying the rumor, selling the news.” Investors monitor market news and sentiment to better comprehend market dynamics, conduct market analysis, and take action when trading signals emerge. 

While this might seem like a great strategy, you should note that it is one of the most difficult ways to gain on the Bitcoin halving because your timing must be perfect, which is uncommon.

Bitcoin halving events have traditionally boosted the price of Bitcoin, triggering capitalizing tendencies. Halving events frequently generate positive market sentiment, resulting in bullish runs before and after. 

The expected scarcity of Bitcoin supply increases demand, driving its value upward. 

While this is the case, you should note that the past post-halving price surge does not imply that it will occur after the 2024 halving. To be on the safe side, take your time to understand the direction of the market.

Have short-term and long-term plans.

To improve your trading, you need to assess your risk tolerance and plan out your investing objectives. Of course, this will depend on whether you are looking to use Bitcoin as a store of value or profit from regular price changes. 

Once you understand your risk tolerance and investing horizon, you can develop a short—or long-term strategy.

The halving period is characterized by greater volatility, and it draws short-term speculators seeking to profit from price changes. Short-term trading requires expertise and experience.

For most investors, a long-term buy-and-hold strategy is the safer option. This is often referred to as the buy-and-hold strategy. While there is no certainty that the price will rise following the 2024 halving event, previous events have shown Bitcoin’s price rising a few months or years later, reaching all-time highs each time.

To trade, you need to create a trading account on a trading platform. This calls for you to visit Bitcoin Decode home page or any other platform. 

Reduce your risk using dollar cost-averaging

Using the dollar-cost averaging DCA technique entails investing a preset amount of money at regular intervals, regardless of Bitcoin’s current price. 

The method seeks to mitigate the impact of market volatility by spreading out the investment over time.

DCA has proven to be a successful technique for other investors during periods of high price volatility, so it may work during Bitcoin’s halving (which has previously resulted in significant price changes). It alleviates the pressure of attempting to time the market correctly. 

Furthermore, the DCA method mitigates the impact of short-term price volatility by accumulating Bitcoin over time. This assures that you benefit from potential long-term price gains by averaging the cost.

Diversify your portfolio

Diversifying your portfolio is a major investing strategy that adheres to the investment adage “Don’t put your eggs in one basket.” This allows you to diversify your risk by investing in a variety of assets, reducing the impact of an unsuccessful investment. 

While BTC may be the primary investment asset, you can take advantage of other cryptocurrency opportunities in a well-balanced portfolio.

If the price of Bitcoin rises, for example, you can sell some of your BTC and invest in other cryptocurrencies or traditional asset investments to diversify your portfolio.

Consider other Bitcoin investment vehicles.

Not everyone feels comfortable directly holding and storing Bitcoin. If you are one of these people, there are several ways to obtain exposure to Bitcoin without the complications of self-custody. 

One strategy is using Bitcoin ETFs (Exchange Traded Funds) and regulated investment vehicles, which provide a more traditional investment experience that includes exposure to Bitcoin price swings.

Exercise risk management

The golden rule of investing suggests that as a trader, you should only invest money you can afford to lose. This is particularly important given Bitcoin’s volatility. 

Regardless of the historical price rise post-halving, there is no way to predict which way the Bitcoin price will swing. Thus, an effective halving plan should include establishing a stop order.

The order will sell the asset when prices fall below your expectations, preventing severe losses.

The take-profit order is at the other end of the stop-loss order. Bitcoin price volatility means that it can rise while you are not actively trading and then decrease abruptly.

To capitalize on possible profits, place a take-profit order, which automatically sells the asset when the price hits a predefined, acceptable level. 

The ultimate goal of the tactics described above is to ensure gains in a volatile market while protecting your assets from catastrophic losses. Regardless, you should analyze your risk tolerance and match your investments to your financial objectives.

Get help from an expert.

If this is the first time you are investing in Bitcoin, consider consulting a financial expert who specializes in Bitcoin investments. 

The professional will assist you in developing a specific investing strategy based on your risk tolerance and financial objectives.

In conclusion…

These are some of the strategies you can use to take advantage of the upcoming Bitcoin halving. Remember that Bitcoin is most likely going to be highly volatile, so exercise caution and always manage your risk. 

To know where the currency is heading, stay up to date on the latest halving-related news and developments. 

While this is the case, be on the lookout and avoid information overload from untrustworthy sources. You should concentrate on credible financial news sources and research from seasoned analysts. 

When it comes to investing, there are plenty of options mentioned that you can take advantage of. If this is the first time you are doing it, it’s always wise that you involve the services of an experienced professional. 

The professional will listen to your goals and risk appetite and direct you in the direction that best suits you.

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of CoinChapter. CoinChapter will not be responsible in any way for the content of the same. Do your research and invest at your own risk.

The post 7 Strategies On How to Capitalize On Bitcoin Halving appeared first on CoinChapter.

Shibarium Hard Folk

Nairobi(Coinchapter.com): The Shibarium network, the Layer-2 solution for the popular meme coin Shiba Inu (SHIB), is set to undergo a significant upgrade on May 2nd. This hard fork promises substantial improvements to the network, focusing on increased speed, reduced transaction fees, and overall scalability. The upgrade aims to enhance the user experience and attract a wider audience to the platform.

Shibarium hard fork announcement on X

The Shiba Inu team announced the hard fork on April 25th through a thread on their official Twitter account. The thread emphasized the team’s dedication to empowering pioneers in innovation and pushing the boundaries of decentralization.

Lightning-Fast Transactions, Unstoppable Momentum

Already renowned for its efficiency, Shibarium is about to raise the bar even higher. The hard fork will supercharge transaction processing times, delivering lightning-fast confirmations within 24 hours of the update’s launch. This game-changing improvement will undoubtedly solidify Shibarium’s position as a frontrunner in the crypto realm.

The hard fork also focuses on stabilizing transaction fees, particularly during peak usage. This will ensure greater cost predictability, making Shibarium a more budget-friendly network for all users. With transaction costs as low as 0.0000219 BONE ($0.00001), Shibarium is already recognized for affordability – this upgrade only reinforces that commitment.

Shiba Inu’s focus is on addressing fluctuating transaction fees that often occur during network congestion. The hard fork will enable more predictable and stable fees, ensuring fair and transparent pricing for all users.

Shiba Inu Price Impact and On-Chain Metrics

As of April 25, 2024, Shiba Inu (SHIB) price is trading at $0.000026, with a 24-hour change of 3.12% and a market capitalization of $15.22 billion. The token’s price correlation with Bitcoin stands at 0.86, indicating a strong positive relationship with the leading cryptocurrency.

SHIB/USD 1-day price chart. Source: TradingView

According to on-chain data, 63% of SHIB holders are making money at the current price, while 5% are at the break-even point, and 32% are in the red. Large holders control 73% of the token’s supply, suggesting a concentrated ownership.

The token’s holder composition reveals that 75% of investors have held their positions for over a year, 21% have held for 1-12 months, and 4% have held for less than a month. Additionally, transactions greater than $100,000 amounted to $732.42 million over the past seven days.

The Shiba Inu community has seen a 0.26% increase in Telegram members over the past week, with the current member count standing at 486,171. Furthermore, transaction demographics indicate a balanced distribution, with 49% originating from the West and 51% from the East.

The post Shibarium Hard Fork to Slash Transaction Fees – Is SHIB Ready to Soar? appeared first on CoinChapter.

Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, MH 96960, April 26th, 2024, Chainwire

A Glittering Moment: BloFin Shines at TOKEN2049 

BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold Sponsor at TOKEN2049 Singapore, the BloFin team, now the Platinum Sponsor of TOKEN2049, continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry. 

BloFin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Blofin’s participation in this prestigious event not only reaffirmed its commitment to fostering innovation within the blockchain ecosystem but also demonstrated its dedication to driving industry development forward. 

An Unforgettable Night: WhalesNight AfterParty 2024

As part of the conference, BloFin hosted the highly anticipated WhalesNight AfterParty 2024, promising an unforgettable evening of networking and celebration. 

Gratitude in Spotlight: Heartfelt Thanks to Valued Partners and Media

BloFin extends its gratitude to its esteemed media partners, including U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news and Chainwire, whose support has been instrumental in promoting this event. Additionally, BloFin appreciates the steadfast support and participation of its significant partners, KOLs, and attendees.

The Dubai Whales Night offers the BloFin team a valuable opportunity to meet with users and friends.

Matt, CEO of BloFin, shared his insights and expressed his excitement at the WhalesNight AfterParty. He stated “We understand the importance of trust. We will continue to provide our users with safe, reliable, and fast services.”

As we continue to expand our reach and enhance our offerings, Blofin remains steadfast in its mission to empower individuals and institutions to unlock the full potential of blockchain technology.

About BloFin:

As the fastest-growing crypto exchange, BloFin offers premium perps & futures trading services with over 320 USDT-M trading pairs and 100X trading volume. Now, it provides more high-quality products including spot trading, copy trading, earning, API access, and more. Ensuring utmost user fund security, BloFin has partnered with Fireblocks to safeguard users’ assets.

Contact

Head of Marketing and Public RelationsAnnio WuBloFinannio@blofin.io

The post BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024 appeared first on CoinChapter.

BADMAD ROBOTS, a team-based multiplayer shooter game, announced its official listing on Epic Games Store and Steam, two of the most prominent gaming distribution platforms worldwide. The news confirms the game’s rise in popularity and ambitious plans to reach full-scale esports status.

Moreover, BADMAD ROBOTS has confirmed the industry’s support after signing an exclusive partnership with Immutable X for the game’s launch. The latter is an Australian crypto assets gaming company building their own blockchain and developing powerful tools for the gaming industry, like the Immutable Passport. Immutable X is also the partner of major industry brands, including OKx, Ubisoft, and others. Other well-known brands endorsing BADMAD ROBOTS include Elixir, HyperPlay, Wemix, and Ultra.

BADMAD ROBOTS was developed by Acid Rainbow Studio, a Singapore-based game development company. Some of the developers working on the game have participated in successful releases, such as Call of Duty: Black Ops Cold War, Dying Light 2, Illuvium, Homefront: The Revolution, Ghostbusters: Spirits Unleashed, Aliens: Fireteam Elite, Elden Ring, Dark Souls, and more.

The team secured funding for the game from industry-leading members, including Animoca Brands, Merit Circle, YGG SEA, DWF Labs, Moonrock, Shima Capital, Gate Labs, and Polygon Studios.

The project was developed using Unreal Engine 5 and landed on the gaming scene with a pre-alpha build for private demos. It immediately attracted enthusiastic support from the gaming community for its upcoming beta release, scheduled in Q2 2024.

BADMAD ROBOTS is a free-to-play multiplayer shooter set in a brutal, post-human society. Its team-based approach makes it highly competitive and intense. The game has several playing modes to choose from and endows each character with unique abilities, building toward a standout gaming experience. Recently, BADMAD ROBOTS announced the support and collaboration of 12 famous esports teams, which have amassed over 9 million followers worldwide.

BADMAD ROBOTS features an in-game token, $METAL, which has already been launched and is listed on CoinEx, Gate.io, Uniswap, and Balancer DeFi. The token has been listed on CoinMarketCap since April 2022 and has gone through several updates since. The most recent one was in February 2024 and marked a surge in the token’s value, increasing 200x and setting a new all-time high (ATH) at $0.127 in March.

The development team released a teaser video for BADMAD ROBOTS in Q1 of 2024, per the project’s roadmap. An alpha release of the game is next in its evolution path and should occur anytime in Q2 of this year. Lastly, between Q2 and Q4, the team will announce a beta release, host tournaments, and collaborate with esports teams.

About BADMAD ROBOTS

BADMAD ROBOTS aims to build on its team-based competitive shooter core and incorporate several web3 elements. Its goal is to develop a gaming ecosystem with strategic partnerships in the esports industry and consistent support from a growing, loyal community.

The BADMAD ROBOTS team consists of highly experienced professionals who previously built gaming and crypto projects boasting over 300,000 users and generating more than $30 million in transaction volumes. They enjoy and take pride in the support of gaming veterans, such as the Head of Sales & Marketing at GOG, the Creative Director of Gearbox (ex Projects Producer – eSports, Riot Games), and the authorized Instructor partner for Epic Games (ex Lead Game Developer from Saber Interactive).

The developers believe that increased transparency, digital ownership, user-generated content, and fair value distribution between platforms and users will improve the gaming industry. To this end, the game focuses on these primary components, player-driven development, user-generated content (UGC), decentralization, and esports.

You can learn more about BADMAD ROBOTS at these links: Website | X (Twitter) | YouTube | Discord

The post BADMAD ROBOTS Announces Listing on Epic Games Store and Steam, Teams Up with Immutable X appeared first on CoinChapter.

On April 12th, BitYuan Blockchain announced via its official Twitter account @Bityuanofficial that it has invited former OpenAI member Ishant Singh to join as CEO, responsible for promoting the exploration of applications integrating BitYuan blockchain and AI technology, as well as the expansion of the global market. Ishant Singh also confirmed this news on his personal Twitter account @ishant_chauhan, stating that he has officially taken up the position of CEO of BitYuan Blockchain.

According to LinkedIn profile information, Ishant Singh is an expert in the field of artificial intelligence with rich experience. He has many years of practical experience in product management and technical team collaboration.

 

Ishant Singh’s career began in New Delhi, where he had four years of experience in product-related work, and then he chose to pursue an MBA degree at Arizona State University to further enhance his professional skills. During his studies, he joined Amazon’s product team and participated in the Alexa project, laying a solid foundation for his subsequent in-depth research and practice in the field of AI.

 

In 2021, Ishant Singh joined OpenAI as one of its early members. In the Trust & Safety team at OpenAI, he developed and implemented automated security solutions for language models such as GPT-3, ChatGPT, and GPT-4, integrating reputation management systems, content classifiers, and enforcement mechanisms to ensure the safety of AI model outputs and compliance with OpenAI’s safety guidelines. He also created comprehensive product policies to guide the responsible use of OpenAI APIs and established protocols for high-risk applications. During his time at OpenAI, Ishant Singh not only accumulated valuable industry experience but also gained a profound understanding of the potential risks and challenges of AI.

 

In June 2023, Ishant Singh decided to transform his knowledge and experience in the field of AI into practical action and began to establish his own startup company. The company is dedicated to developing an innovative AI platform that can connect internal data sources of enterprises and provide context-aware intelligent services, aiming to improve intelligent level of enterprise work efficiency and data management.

Now, as the CEO of BitYuan Blockchain, Ishant Singh believes that his professional knowledge and experience will help promote the innovative integration of blockchain and AI, creating new application scenarios and business models. He stated that BitYuan Blockchain is an emerging open-source blockchain network, which is not widely known at present, but its simple, stable, decentralized core features and level 2 advantages make it a competitive force in the industry. BitYuan is one of the first blockchains to implement level2 solutions and has achieved the parallel chain architecture since May 2018. This architecture allows developers to create multiple parallel public chains on the main chain, share the main chain’s consensus network, and achieve interconnection. BitYuan’s asset cross-chain does not require a cross-chain bridge but is achieved through built-in cross-chain contracts, solving the problem of isolated asset island on Ethereum. At the same time, BitYuan is fully compatible with EVM, supporting the seamless transfer of Ethereum ecosystem applications.

 

Ishant Singh emphasized that with the rise of the web3 era, the combination of blockchain and AI is becoming an inevitable trend in the development of technology. He will use his profound experience in the field of AI to work with the team to deeply explore the potential of the integration of BitYuan Blockchain and AI technology. Ishant Singh invites developers and encourages them to join BitYuan’s open–source community to jointly explore and realize the unlimited potential of innovation in the field of blockchain and AI, and promote the prosperity and development of this emerging technology ecosystem.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. 

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The latest edition of the Web3 Summit was held at the Atlantis Palm Hotel in Dubai on April 16th and 17th, 2024, as scheduled. Over two days, the summit addressed a broad range of topics including macroeconomic policies, technological advancements, artificial intelligence, Web3 infrastructure, and financial technology. It featured industry summits, expert speeches, roundtable discussions, and exclusive dinners. The summit aimed to provide participants with comprehensive insights into the current state and future trajectory of Web3 and related technologies. It explored the evolving digital ecosystem, highlighted Web3 development trends, and fostered collaboration within the industry, establishing itself as a key event in the digital and financial technology fields.

During the summit, Gather was invited as a guest and an important partner. Throughout the event, Gather attracted attention from numerous industry partners and engaged in in-depth discussions with its executives.

Simultaneously, as a leading ecosystem in the fields of DePIN, SocialFi, and AI, Gather not only participated deeply in discussions on the development trends of potential tracks including DePIN and AI, but Gather’s CMO, Nishant Rastogi, also delivered a keynote speech at the summit, providing in-depth insights into the current state of the industry, the Gather project, and the development status of the ecosystem.

This summit is becoming a new opportunity for Gather’s development. Through the window of the Web3 Summit, Gather has established partnerships with a series of industry partners to jointly lay out in-depth strategies for fields such as DePIN and AI. Additionally, Gather is expected to expand its global presence based on this, promoting the deepening expansion of the ecosystem into more potential countries and regions, laying a solid foundation for the rapid expansion of its DePIN network.

About Gather

Gather is the world’s first decentralized encrypted communication software, based on Web3.0 infrastructure, cryptographic technology, GProto communication protocol, and G-BOX hardware devices, providing a distributed long-link cluster to facilitate stable decentralized message exchange networks. Gather, from the inception of its product concept design, has been designed around protecting user privacy in Web3.0 applications, returning data ownership to users. Gather aims to be a true blockchain application, with fundamental differences from projects on Web3.0 infrastructure and all cloud servers.

Based on independently developed hardware devices and sold through different national agents to the global market, ownership of Gather hardware belongs to clients, distributed in different data centers. Based on various factors such as encrypted assets, community members, hardware devices, hardware operators, and end users, Gather has achieved improved resource utilization efficiency through decentralized means and provided value to participants, miners, and users.

Ecological Progress

Gather’s global market plan is to seek 20 general distributors/partners in countries. Currently, brand authorization cooperation has been signed in 12 countries, and the first batch of 5000 hardware/node orders has been successfully implemented. Over the next two years, Gather plans to complete the construction of 100,000 hardware nodes.

Currently, Gather’s cooperative national agents include Japan, South Korea, Malaysia, Vietnam, Cambodia, Laos, Dubai, the United Kingdom, Samoa, Singapore, Australia, and Indonesia, while countries under negotiation awaiting signing include Thailand, India, Russia, etc., with a total of 8 countries with partners yet to be developed. Gather will select regions with market vitality and policy stability from these national representatives to invest in and build more data centers, expanding the global map of distributed nodes.

In addition, Gather has already partnered with organizations such as the Malaysian Digital Ministry, Asia Pacific University of Technology & Innovation, Cambridge University Web3.0 Lab, Columbia University Blockchain Research Institute, Dubai Web3.0 Zone International Monetary and Financial Club, and Hong Kong Cyberport. In the future, Gather’s ecosystem partners will continue to grow, accelerating the process of ecological expansion and globalization development.

Gather has now completed preparations for the mainnet launch, with sufficient support from node operators and users. Our Gather GBOX devices were fully activated from 11:00 to 13:00 on April 20th, Kuala Lumpur time. With the official turning of the Gather ecosystem’s value gears, the Web3 space welcomes a brand new era.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post Gather attended the Dubai Web3 Summit and embarked on the path of globalization development appeared first on CoinChapter.

 DFCAPP, a leading cryptocurrency exchange in the digital world, brings a cutting-edge platform, empowering individuals to trade cryptocurrencies with local support.

 With the rapid growth of the digital asset market, contract trading, as a key component of digital asset trading, is becoming the first choice for investors and traders. 

As one of the leaders in the field of digital asset trading, the contract trading department of DFCAPP exchange is committed to promoting the development of digital asset contract trading and providing users with a full range of contract trading services. The following are the core contents of the 2024 development plan for DFCAPP exchange contract trading:

Product innovation and diversification:

Launch more diversified and innovative contract products covering different digital assets and trading strategies.

Continuously optimize the characteristics of contract products to meet users’ needs for flexibility, leverage ratio, trading cycle, etc.

Technology upgrade and platform optimization:

Carry out continuous technical upgrades to improve the performance and stability of the contract trading system and ensure the smooth operation of the trading platform.

Optimize the trading interface and user experience to improve the convenience and usability of trading operations.

Liquidity improvement and deep mining:

Strengthen cooperation with liquidity providers to improve the liquidity of the contract trading market and reduce transaction costs.

Explore the depth of the contract trading market, enrich the depth of market transactions, and improve the stability and activity of the market.

Global market expansion and international layout:

Strengthen cooperation with international partners and expand the global contract trading market.

Improve international service levels, meet the contract transaction needs of global users, and expand market share.

Risk management and compliance construction:

Establish a sound risk management system to strengthen risk control and regulatory compliance of contract transactions.

Continuously optimize the compliance process to ensure that contract trading business complies with laws, regulations and industry standards.

Through the above development plan, the contract trading department of DFCAPP exchange will actively respond to market demand, continue to innovate and progress, and provide users with more high-quality, safe and convenient contract trading services. We believe that in the competition in the global digital asset trading market, DFCAPP Exchange will continue to play a leading role, lead the development trend of the contract trading market, and create more value and opportunities for users.

About the Company

DFCAPP was established in 2021. The DFCAPP exchange was officially registered and updated in the UK on August 13, 2023 as DFC Cryptocurrency Exchange LTD. It is a global digital asset financial service platform. DFC APP Exchange develops data processing and investment trust services through a professional and mature team. securities. and contract trading signals. DFCAPP’s mission is to make the cryptocurrency and blockchain world more stable, secure, and transparent.

Moreover, the platform prioritizes individual privacy and signifies security measures. DFCAPP’s servers are hosted in world-class data centers with enterprise-grade firewalls to keep their transactions safe from risks. Furthermore, with unwavering dedication and commitment, the platform’s DFCAPP brings massive digital transformation to the individual’s life. The mobile app provides global users an edge as they build wealth in a competitive market. Additionally, the platform strives to bring more value to the crypto community by educating the public and providing exceptional services to users.

Welcome to join hands with DFCAPP exchange to create a bright future of digital asset contract trading!

For more details, please visit: https://www.dfcapp.net/ 

or contact:

UK Headquarters: +44(0)7960-9999-39

German branch: +49(0)1573-9776-206

Email: 

Support: admin@dfcmail.com

Office: official@dfcgmail.vip

 

 Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

 

The post DFCAPP Exchange contract trading 2024 development plan: pioneering innovation and leading the future appeared first on CoinChapter.

 ICP Hub Portugal and ICP Hub Brasil invite the ICP Community to join their online 2-hour celebration event on the 26th of April starting at 6:00 PM (GMT+1). The live-streamed Global Townhall event will unite members from the Portuguese and Brazilian hubs of Internet Computer Protocol (ICP) to watch thought leaders deliver presentations, gain an overall perspective of the Web3 ecosystem, and celebrate how far the ICP communities have come.

Accessed via the ICP Global Townhall portal, the event will act as a large X/Twitter spaces event, with several hosts and proposed speakers delivering to an enthusiastic and growing community of developers and builders. Presented in English and Portuguese, community members from outside the ICP Portugal & ICP Brasil hubs are welcome to attend. 

The schedule will begin with a short and sweet introduction, before launching into the ICP Portugal Startup Expo. Attendees will see 15-minute presentations from three leading ecosystem projects. Sophiaverse will go first, looking at the blockchain sector and its relationship with digital reality. Rentspace will present second, sharing how they’re using ICP to improve property rentals. The third presentation will be Lendfinity, with TrueMarket rounding off.

At the mid-way point of the event, a half-hour roundtable discussion will begin. The panelists confirmed for this talk are Tiago Loureiro, Blockchain/Web3 Developer & DAO Architect, ICP Lisbon, Thomas Maas, Founder of Crypto Tax Portugal, Henrique Silva LayerX and Tim Haldorsson, ICP HUB PT Lead and the moderator will be Shann Holmberg, COO of Lunar Strategy and ICP Hub Portugal. 

The ICP Global Townhall event organizers state that this panel will be “A deep dive into the Web3 ecosystems in Portugal and Brazil, discussing current trends, challenges, and opportunities in the industry,” adding that attendees can “Expect a dynamic exchange of ideas and insights that highlight the collaboration between these two vibrant communities.”

ICP Hub Portugal

ICP Hub Portugal is one of the latest additions to ICP’s global developer community, led by Tim Haldorsson, Founder and CEO of Lunar Strategy. Their mission is to enable builders and developers to bring their ideas to life, using IC Protocol. From networking events and builder workshops to hackathons and other activations, the hub aims to create a community of like-minded and forward-thinking founders and builders, and support them in contributing to an open and autonomous internet.

Internet Protocol (ICP)

The Internet Computer Protocol (ICP) is a blockchain network, forging the next generation of IT architecture and infrastructure. Founded by the DFINITY Foundation, ICP is empowering builders and developers with the tools needed to create inclusive and decentralised digital infrastructure, without the fear of centralised entities looming over – an open internet where everyone can contribute and has control over their data.

The post Portuguese & Brazilian ICP Community Hosts First X Spaces Townhall appeared first on CoinChapter.

The cryptocurrency landscape is currently witnessing significant movements and regulatory developments that are shaping the future of digital assets. From the SEC’s delayed decisions on Ethereum (ETH) ETFs to the surge in Solana‘s (SOL) network performance and the charming ascent of Furrever Token (FURR), the dynamics within the crypto market continue to offer both challenges and opportunities for investors and enthusiasts alike.

SEC Delays Decision on Ethereum (ETH) Spot ETFs, Extending Market Uncertainty

The United States Securities and Exchange Commission (SEC) has again postponed its decision regarding the spot Ethereum ETF applications submitted by Grayscale Investments and Franklin Templeton, casting prolonged uncertainty over the introduction of these investment vehicles on U.S. stock markets. This delay continues the trend of cautious regulatory scrutiny in the rapidly evolving cryptocurrency sector.

Previously, in a landmark decision last January, the SEC had approved 11 Bitcoin ETFs, which led to significant market inflows and demonstrated a strong investor demand for cryptocurrency-based financial products. Encouraged by this development, Grayscale attempted to convert its existing Grayscale Ethereum Trust (ETHE) into a spot ETH ETF in October. Shortly after, in February, Franklin Templeton also submitted an S1 form, signaling a robust interest among financial giants to facilitate access to Ether, which ranks as the second-largest cryptocurrency by market capitalization.

Despite the evident enthusiasm and forward momentum from these asset management firms, the path to regulatory approval remains strewn with obstacles. Industry experts, such as those from JP Morgan, express skepticism regarding the rapid approval of these ETFs, estimating the probability of a favorable outcome by the May deadline to be less than 50%. This skepticism reflects the SEC’s meticulous strategy in assessing new ETFs, emphasizing the protection of investor interests above all.

The ongoing postponements prompt speculation about the broader impact on the cryptocurrency market. A denial of these applications might lead these firms to consider legal action against the SEC, highlighting the tense interaction between evolving financial innovations and traditional regulatory frameworks. Nonetheless, the final decision by the SEC will critically shape the market landscape, potentially easing the integration of crypto assets into conventional financial systems or presenting new barriers.

As developments continue to unfold, the cryptocurrency community and prospective investors remain keenly focused on the SEC’s actions. The forthcoming decisions will be pivotal in determining the future of Ethereum ETFs in the U.S. and will significantly influence the accessibility of digital assets to mainstream investors, marking a critical moment in the integration of blockchain technologies within formal financial systems.

Solana (SOL) Sees 12% Increase as Network Congestion Clears and Block Production Stabilizes

Solana has shown notable signs of recovery today, successfully breaking past the $150 resistance level, with its price now standing at $157.08 according to recent CoinMarketCap data. This 1.81% rise over the past 24 hours marks a significant turnaround for the cryptocurrency which had been struggling with network congestion issues.

The recovery in Solana’s network is primarily attributed to improvements in block production, which has returned to a normal rate with an average block time of two seconds. Recent updates from SolanaFloor indicate that all 409 transactions were confirmed successfully, signaling a robust rebound in network health. This improvement has led to positive speculation about an increase in demand for Solana’s native token, SOL.

Solana’s network had faced severe congestion problems, causing delays and operational challenges for many projects within its ecosystem. Some projects were forced to postpone their launches, while others sought alternatives, moving their operations away from Solana during the congestion period.

However, the situation has seen a dramatic change with the latest update on block production. This development might signal a new phase of growth and stability for Solana, encouraging both current and potential project developers about the network’s reliability.

The resolution of these issues can be credited to the efforts of Solana’s development team, including cofounder Anatoly Yakovenko, who have been actively addressing the scalability challenges. A significant breakthrough was achieved earlier this month when a major fix was implemented on the testnet by the core development team, supported by additional enhancements from other validator clients such as Anza.

This collective effort has not only resolved the immediate technical issues but also contributed to a substantial 24.5% increase in trading volume, pushing it to over $3.14 billion. The Solana community and investors are now looking forward to a promising future, energized by the network’s recovery and the potential for continued growth and enterprise adoption.

Furrever Token (FURR) Emerges as a Delightful Contender in the Cryptocurrency Market

Furrever Token (FURR) has made an impressive entry into the cryptocurrency market, quickly setting itself apart from more traditional memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) with its captivating, cat-themed design. Designed to resonate with cat lovers, Furrever Token offers a unique, heartwarming experience that infuses the digital currency space with a new level of cuteness.

Strategically positioned for growth and long-term viability, Furrever Token allocated 65% of its tokens during the presale phase, successfully raising over $1,000,000. This significant achievement highlights the strong investor confidence in the project’s vision and potential. Additionally, the decision to lock 10% of the tokens for the team underscores a commitment to the project’s future prospects and stability.

Furrever Token has also placed a strong emphasis on security and compliance. Comprehensive audits conducted by Securi Lab have bolstered its credibility, ensuring that the project meets high standards of safety for its participants. Beyond its financial attributes, Furrever Token has fostered a vibrant community atmosphere. Nearly 4,000 active members on Telegram contribute to a dynamic and engaging environment, turning the project into a movement that extends beyond traditional cryptocurrency dynamics.

As the presale phase draws to a close, anticipation is mounting for Furrever Token’s upcoming launch on PancakeSwap. With the potential for returns up to 15X and a current trading price of $0.000648, Furrever Token is poised to capture both the hearts and investments of the cryptocurrency community. It offers a refreshing and cheerful alternative to conventional memecoins, appealing to both seasoned investors and newcomers attracted by its charming theme.

For anyone seeking further information or needing assistance with Furrever Token, official communications are advised to be conducted through the designated support channel at support@furrevertoken.com to ensure authenticity and avoid potential scams. This measure protects the community and maintains the integrity of the Furrever Token experience.

Discover the Most Exclusive Presale Opportunity of 2024 Now:

Furrever Token Official Website |  Visit Furrever Token Presale 

 Join Official Telegram Group | Follow Official X Account

Media Contact:Robert Smithhttps://furrevertoken.com/support@furrevertoken.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post SEC Postpones Ethereum (ETH) ETF Decision, Solana (SOL) Climbs 12% as Network Issues Resolve, Furrever Token (FURR) Excels in $1M Presale appeared first on CoinChapter.

ARKMining, a prominent player in cloud mining, introduces groundbreaking solutions aiming to democratize and enhance profitability in cryptocurrency mining. Leveraging advanced technology and an intuitive interface, ARKMining seeks to redefine the landscape of crypto mining.

Their latest offering enables effortless mining of popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, eliminating the barriers of expensive equipment and technical expertise. Through cutting-edge cloud mining technology, users can easily acquire mining contracts and commence earning profits promptly. ARKMining’s initiative allows individuals to participate in the lucrative world of cryptocurrency mining with unparalleled simplicity and accessibility.

How to Start Cloud Mining For Free?

Interested in venturing into cloud mining? Here’s a handy guide to get you started:

Step 1: Select a Cloud Mining Provider

ARKMining is committed to democratizing cryptocurrency mining by offering a user-friendly platform that demands only a minimal initial deposit. This approach lets individuals delve into digital currencies without a hefty upfront investment. With a streamlined sign-up process, users can initiate Bitcoin mining within minutes of joining ARKMining.

Furthermore, ARKMining facilitates daily returns on cloud computing power contracts and presents various withdrawal options on its platform. Understanding the industry’s inherent volatility, ARKMining allows users the flexibility to exit the cloud mining sector at their discretion, fostering an environment of autonomy and risk management.

Here are the advantages of the platform:

Instant $50 bonus upon sign-up.

High profitability levels with daily payouts.

No additional service or administrative fees.

Ability to mine over 6 other currencies.

Uses McAfee® and Cloudflare® security measures.

Supported by a 100% uptime guarantee and exceptional 24/7 technical support.

Step 2: Register for an Account

ARKMining streamlines the registration process, requiring only your email address and account creation. Once registered, users can immediately begin mining Bitcoin.

Step 3: Purchase a Mining Contract

ARKMining offers various mining contract options, each offering a distinct ROI and contract duration.

Here are the available contracts:

                                                                                                                                                                                                                                                                

Contract price

Contract terms

Fixed return Daily rate               

            $50

        

            

            1 Days

        

            

   $50+$1

        

            

         2%

        

            

            $200

        

            

            1 Days

        

            

   $200+$5

        

            

        2.5%

        

            

            $600

        

            

            3 Days

        

            

   $600+$29.70

        

            

       1.65%

        

            

            $1200

        

            

            5 Days

        

            

  $1200+$108.00

        

            

        1.8%

        

            

            $3600

        

            

            6 Days

        

            

  $3600+$410.40

        

            

        1.9%

        

Users can begin earning income the day after purchasing a contract. Once earnings reach $200, users can withdraw to their crypto wallet or reinvest in other contracts.

ARKMining manages all technical aspects of mining, such as maintenance, power costs, and safety, providing users with a hassle-free experience. This allows users to concentrate on their profits without dealing with the intricacies of mining.

ARKMining’s new solution arrives amidst the rising popularity of cryptocurrencies, offering individuals and businesses an accessible and profitable avenue into the mining industry. Their innovative approach is poised to disrupt the industry and broaden mining accessibility.

With its intuitive platform and commitment to seamless profits, ARKMining is poised to be the premier choice for those venturing into cryptocurrency mining.

For additional information on ARKMining, please visit their website at: https://arkmining.com

The post Best ARKMining Free Bitcoin Cloud Mining Website in 2024 – Earn Passive Income appeared first on CoinChapter.

In response to the unprecedented surge in crypto staking following the recent Bitcoin halving, StakingFarm is thrilled to announce the expansion of its support team. This strategic enhancement aims to provide superior customer service to handle the growing influx of investors and maintain its reputation as a leading staking platform.

“As the crypto landscape evolves, particularly after Bitcoin halving events that historically increase market activity, we see a significant uptick in both new and seasoned investors turning to staking as a preferred investment strategy,” said Klajdi Toci, CEO of StakingFarm. “To meet this demand and continue providing exceptional service, we are proud to announce the expansion of our qualified support team.”

Enhanced Support for a Growing Investor Base

The expansion of StakingFarm’s support team comes at a crucial time when investors are increasingly looking to crypto staking to maximize their returns. The enhanced support structure is designed to ensure that every investor receives timely and personalized assistance, enhancing user satisfaction and platform reliability.

Key Benefits of the Expanded Support Team:

Improved Response Times: With more hands on deck, StakingFarm can offer quicker responses to user inquiries, reducing wait times and improving overall service efficiency.

Expert Assistance: The new team members are not only well-versed in general customer service practices but are also experts in crypto staking, capable of addressing complex queries and providing informed advice.

Scalable Support: As StakingFarm continues to grow, the expanded team ensures that the platform can scale its support capabilities alongside its expanding user base, maintaining high-quality service regardless of user volume.

Training and Development Focus

To ensure the highest quality of support, StakingFarm is investing in ongoing training and development for all support staff. This includes detailed knowledge of the latest crypto staking trends, understanding of the blockchain technology underpinning the platform, and customer service best practices tailored to the crypto industry.

“We believe that an effective support team is not just about numbers but also about how well-equipped each member is to handle the unique challenges and opportunities in the world of crypto staking,” Toci added. “Each team member undergoes rigorous training and regular updates to stay at the forefront of the industry.”

Commitment to Customer Satisfaction

This expansion underscores StakingFarm’s commitment to customer satisfaction and trust. By strengthening its support team, StakingFarm aims to build deeper relationships with its users, ensuring they feel valued and supported throughout their staking journey.

Invitation to Experience StakingFarm

Investors interested in taking advantage of the booming crypto staking market post-Bitcoin halving are invited to join StakingFarm. With its enhanced support team and robust staking platform, StakingFarm is ideally positioned to help users maximize their returns and navigate the complexities of cryptocurrency investment.

ETH Trial Plan: Ideal for beginners, this plan requires a minimal $50 investment and delivers daily rewards of $1.00, with no referral obligations.

Solana Plan: With a $100 investment, this 2-day staking opportunity in Solana generates $2.00 daily, plus a $5 referral bonus.

Polygon Plan: This 7-day staking option involves a $700 investment, rewarding users with $7.00 daily and a $35 referral bonus.

Cardano Plan: A 15-day commitment with a $1,500 investment, providing daily rewards of $16.50 and a $75 referral bonus.

Axelar Plan: Engage in a 15-day staking experience with a $3,000 investment, accruing $36.00 daily alongside a $150 referral bonus.

Ethereum Plan: The flagship 30-day plan involves a $6,000 investment and offers substantial daily earnings of $78.00 with a $300 referral bonus.

Join us at StakingFarm, where your crypto investment is our priority. Experience unparalleled support and maximize your earnings with our leading staking platform.

About StakingFarm

StakingFarm is a premier crypto staking platform that specializes in offering dynamic staking solutions to a global audience. Known for its innovative approach and commitment to user satisfaction, StakingFarm provides a secure and efficient environment for crypto investors looking to maximize passive income. Under the visionary leadership of CEO Klajdi Toci, StakingFarm continues to lead the way in crypto staking services, ensuring that each investor achieves their financial goals in the evolving digital currency landscape.

For more information, visit StakingFarm’s website and start your staking journey today.

For media inquiries, please contact:

Name: Klajdi Toci

Position: CEO

Email: info@stakingfarm.com

Website: www.stakingfarm.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.

###

The post StakingFarm Aiming to Enhance Customer Experience with Expanded Support Team Post-Bitcoin Halving appeared first on CoinChapter.

The team behind the RROCKET project has announced the burning of 50% of its token supply. This is part of the project’s comprehensive development campaign, which includes listing the token on major exchanges and more milestones. 

The immediate goal is to achieve a $1 million market capitalization and continue with weekly token supply burns. RROCKET also introduces security measures for investor protection and a unique initiative to incentivize participation in the token supply burn. 

The Importance of Burning Tokens and a Look at Future Plans

RROCKET’s choice to burn half of its overall supply of tokens is a move to introduce deflation into the ecosystem. In simple terms, burning tokens decreases the circulating supply, which can increase token value. 

With a total supply of 100 billion tokens reduced to 50 billion, the team’s major burning operation is a great step to boost the project’s value. The project has no taxes, and the team has fully renounced the contract, ensuring transparency and security for its users. 

Burning a significant part of the token supply is one of the many milestones in the team’s roadmap. This development plan includes four stages:

Stage 1: This phase focused on creating and launching the RROCKET token on the Solana network. From here, the team began establishing an online presence, setting up an initial airdrop for community growth, and more.

Stage 2: The second stage involves a massive marketing campaign with collaborations from major agencies. The 50% supply burn strategy happened in this phase. The second stage will also feature an airdrop to expand the community. At the end of this phase, the project wants to achieve a market capitalization of $1 million.

Stage 3: The team plans to implement a weekly token supply burn program and list RROCKET on centralized exchanges. Listing on CEXs will increase the token’s accessibility and credibility. CoinMarketCap and CoinGecko listings are also part of this stage, which will further boost exposure for the project.

Stage 4: The final stage focuses on reaching a market capitalization of $300 million. The team will also work to list its token on the top 20 CEX platforms.

The Burn Challenge Opportunity

The fourth stage in the RROCKET team’s roadmap mentions a burn challenge event. This opportunity presents a guaranteed 10x rewards program for holders. Specifically, each $10 burned results in $100 given back to the community. 

For every entry made with the $10 burned, there will also be a chance to win a $250K giveaway. Users must purchase $10 of RROCKET and transfer it to the official Burn Challenge wallet to join the opportunity. 

Security and Investor Protection: A Shield for Serious Investors

The RROCKET project also plans to introduce a fraud prevention tool to ensure the security and protection of its investors. This will not only protect the project from potential threats but also reassure serious investors. 

The team’s return of all the invested funds to holders after being victims of a liquidity hack shows their seriousness. Behind a seemingly simple project is a strong focus on transparency and community building. The team understands the importance of investor trust and is taking necessary steps to protect their interests. 

About RROCKET

RROCKET is a new Solana-based project wishing to stop scammers and make the crypto world safe for all. He works hard to help others with simplicity and safety in mind. In this narrative, RROCKET is the protagonist who started his journey with a dream of becoming a superhero to help others. 

Most importantly, safety and simplicity remain at the core of this project. Through burning 50% of its supply, RROCKET aims to increase its token value and achieve an appealing market capitalization. The team also plans to introduce measures for investor protection and incentivize participation in the token supply burn. 

The team has a full commitment to grow and partner with projects that share similar values. The 4-stage roadmap is an easy-to-read promise of what RROCKET aims to achieve. The burn challenge opportunity allows holders to win rewards and enter a $250K giveaway. 

Anyone interested in discovering RROCKET’s goals and milestones can refer to its new website. The team’s social media pages also provide regular updates and insights into the project’s progress. 

X (Twitter) | Telegram

The post RROCKET Burns 50% of Its Supply to Fuel Growth and Investor Confidence appeared first on CoinChapter.

Stripe Crypto Payments Return

Payment giant Stripe will re-enter the cryptocurrency space this summer by supporting Stripe crypto payment, namely the USDC stablecoin. Announced at its Global Internet Economy conference, this marks a shift from Stripe’s previous stance. The company had discontinued Bitcoin payments in 2018 due to volatility and high transaction fees.

Stripe crypto payments returns. Source: X

Stripe co-founder and president John Collison explained the company’s renewed interest in cryptocurrencies. He pointed to improved transaction speeds and lower costs, making them a more viable means of exchange. Stripe will initially implement USDC payments on the Solana, Ethereum, and Polygon blockchains.

Why Stripe’s Crypto Return Matters

Stripe’s foray into cryptocurrencies dates back to 2014 when it first tapped into the Bitcoin ecosystem. However, in 2018, the company discontinued its support for Bitcoin payments, citing concerns over volatility, lengthy transaction times, and growing fees. This decision highlighted Stripe’s cautious approach to embracing emerging technologies while maintaining its position as a stable and sensible financial powerhouse.

Source: Stripe

Stripe’s decision underscores the increasing utility and mainstream appeal of crypto payments. With over $1 trillion in transactions processed last year, the company holds a significant position in the global payments market. The move signals potential adoption by merchants on Stripe’s vast platform. This could lead to further growth of crypto payments within the broader market.

Collison indicated that Stripe views cryptocurrencies like USDC as a tool for cross-border payments, remittances, and supporting the creator economy. These use cases have grown significantly, highlighting the benefits of fast, low-cost, and globally accessible digital assets.

Stablecoins Emerge as a Crypto Game-Changer

The decision to focus on stablecoins highlights their growing significance in the digital currency realm. Unlike volatile cryptocurrencies, stablecoins are pegged to assets like the US dollar, ensuring price stability and reducing risk. This has made them appealing within the global payments industry, particularly for businesses and individuals seeking reliability in transactions.

The market capitalization of stablecoins has soared in recent years. Data from CoinGecko indicates that the total value of stablecoins in circulation has exceeded $170 billion, reflecting surging interest and broader acceptance. Stripe’s embrace of USDC positions the company to leverage the growing utility and infrastructure surrounding stablecoins.

The post Stripe Crypto Payments Return – This Time With Stablecoins appeared first on CoinChapter.

Anti-crypto SEC Commissioner Faces Term End

Anti-crypto SEC Commissioner Caroline Crenshaw may soon be leaving her role at the Securities and Exchange Commission. Her term ends in just 41 days, and if the White House doesn’t nominate a successor, she could stay in the position for another 18 months. This news raises important questions about the future of crypto regulation in the United States.

Source: X

Crenshaw has been a vocal critic of cryptocurrencies throughout her tenure. She notably voted against approving spot Bitcoin ETFs, expressing concerns about fraud, manipulation, and the potential for crypto to be used in illicit activities. Given her stance, some industry watchers believe her departure could lead to a less stringent regulatory approach.

SEC Commissioner’s Stance on Crypto

During her tenure, Crenshaw consistently opposed initiatives supporting the crypto industry. In January 2023, she voted against approving spot Bitcoin exchange-traded funds (ETFs), citing concerns about fraud, manipulation, and potential funding of U.S. adversaries. Crenshaw also supported regulatory changes that critics viewed as a threat to the crypto sector. These positions have made her a controversial figure within the crypto community.

“It is well-documented that many criminals use bitcoin to evade U.S. financial sanctions,” Crenshaw stated. “Many ransomware attacks demand payment in bitcoin, and analysis shows that these payments may end up funding our geopolitical rivals or adversaries.”

Her potential departure sparks uncertainty about the SEC’s future stance towards the industry. Some speculate her exit could pave the way for a more crypto-friendly regulatory environment. Others believe that the SEC’s overall approach to cryptocurrency under Chair Gary Gensler is unlikely to change significantly, regardless of individual commissioners.

How Commissioner Has Impacted Crypto Regulation

Crenshaw’s potential exit arrives during a pivotal moment for crypto regulation. The SEC is locked in high-profile legal battles with crypto firms like Coinbase, Binance, and Ripple. Her departure might tilt the commission’s balance, influencing the outcome of these cases and the course of future enforcement.

Anti-crypto SEC Commissioner Caroline Crenshaw has been a significant figure during her time at the agency. She voted against multiple spot Bitcoin ETF proposals and supported efforts to broaden the definition of the term “dealer” under SEC regulations. The crypto industry viewed this proposed change as a threat, leading the Blockchain Association to file a lawsuit against the SEC.

Commissioner Crenshaw has publicly voiced concerns about crypto being used to fund illicit activities, such as ransomware attacks. Her replacement could bring a shift in regulatory focus, potentially impacting how the SEC deals with ongoing legal issues surrounding the digital asset industry. Only time will tell the direction of the SEC and its approach to crypto in light of Crenshaw’s departure.

The post Anti-Crypto SEC Commissioner Faces Term End – What Comes Next? appeared first on CoinChapter.

US GDP Plunges Amid Inflation Spike

NAIROBI (Coinchapter.com) – US GDP and inflation report data highlight a decelerating US economy in the first quarter of 2024. Stubbornly high inflation remains a top concern, pushing the likelihood of an interest rate cut further into the year.

The Commerce Department reported an annualized growth rate of 1.6% for Q1, significantly lower than the 2.4% predicted by economists. This slowdown follows a 3.4% growth rate in the final quarter of 2023. The Federal Reserve’s aggressive interest rate hikes, implemented to rein in inflation, appear to be impacting economic activity.

Consumer Spending Moderates, Services Inflation Surges

Consumer spending, a critical driver of the US economy, exhibited moderation. An increase was primarily driven by services, offset by a decline in goods consumption. The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, surged 3.4%, marking a concerning acceleration from the 1.8% increase in the fourth quarter. Excluding volatile food and energy components, the core PCE price index soared 3.7%, nearly doubling the previous quarter’s 2.0% rise.

Gross Domestic Product chart. Source: bea.gov

According to Olu Sonola, Head of US Economic Research at Fitch, “This report comes in with mixed messages. It is a downshift in economic growth, which confirms the trend of accelerating inflation. The hot inflation print is the real story in this report. If growth continues to decelerate slowly, but inflation strongly takes off again in the wrong direction, the expectation of a Fed interest rate cut in 2024 is starting to look increasingly out of reach.”

What Does This Mean for the Economy?

The latest GDP and inflation data paints a mixed picture of the US economy. While growth slowed, it remains positive, defying some predictions of a looming recession. The elevated inflation numbers, however, raise concerns about the Federal Reserve’s ability to achieve a “soft landing” – a scenario where inflation slows without triggering a sharp economic downturn.

The higher-than-expected inflation could force the Fed to maintain higher interest rates for longer. Elevated interest rates make borrowing more expensive for businesses and consumers, potentially further dampening economic growth. However, there’s still hope that inflation might be easing. Core PCE, which excludes volatile energy and food prices, shows a smaller increase, hinting that a broader slowdown in price rises could still be on the horizon.

Market Reaction and Expert Insights

The hotter-than-expected PCE inflation figures cast a long shadow over the GDP report. Olu Sonola, Head of US Economic Research at Fitch, notes that the report delivered mixed signals, showing slowing growth but accelerating inflation. He warns that fading growth paired with stubbornly high inflation raises the stakes for the Federal Reserve, making interest rate cuts in 2024 seem increasingly unrealistic.

“If growth continues to decelerate slowly, but inflation strongly takes off again in the wrong direction, the expectation of a Fed interest rate cut in 2024 is starting to look increasingly more out of reach.”

Brian Jacobsen, Chief Economist at Annex Wealth Management, offered a somewhat more optimistic perspective. He remarked, “GDP growth was a miss, but the details were deja vu all over again when it comes to consumption spending. Services were up, but goods were down.” This suggests that consumers are still spending and just shifting their focus to experiences over material goods.

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Wormhole Altcoin (and Others!) Are On Fire

NAIROBI (Coinchapter.com) – The Wormhole altcoin, and two others, are experiencing noteworthy price fluctuations. Wormhole, Bonk, and Sei have outpaced the broader crypto market, exhibiting remarkable upswings in the past 24 hours. Let’s investigate the factors propelling these gains.

Wormhole Altcoin Displays Bullish Potential

The Wormhole (W) token has experienced a remarkable turnaround, gaining a staggering 19.09% over the past 24 hours and 16.37% over the past week. Despite an initial 51.38% decline since its inception, the altcoin has displayed a resilient nature, with its price chart hinting at a potential bullish reversal.

W/USD price chart. Source: TradingView

Technical indicators offer further optimism. The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating a surge in buying activity. This bullish convergence of averages strengthens the case for a continued positive climb in the coming days.

Market sentiment suggests that if the current bullish trend continues, the W price could soon test the resistance level of $0.90. Successfully holding at this resistance level would open the door for Wormhole to break towards its previous high of potentially $1.40. However, a reversal in the market could see bears take control, driving the price back down towards the support level of $0.505.

Meme Coin Bonk (BONK) Experiences Rally

Bonk, the meme-inspired cryptocurrency, has surged by 14.23% in the past day, reaching a price of $0.000028 with a market cap of $1.85 billion. Its impressive 24-hour trading volume of $616 million underscores strong investor interest. This surge follows a remarkable 105% rally over five days, highlighting explosive growth for the meme coin within a recovering altcoin market.

BONK/USD price chart. Source: CoinGenko

Technical indicators remain strong for Bonk, with the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggesting bullish control. Additionally, its social dominance has soared, indicating high investor interest even amidst recent market corrections. Continued social activity and sustained trading volumes point to ongoing demand for BONK.

Bonk’s social dominance Surge. Source: X

The spike in Bonk’s social dominance reflects its growing popularity and investor interest. Despite a recent market correction, the volume and social media activity surrounding Bonk remain high, suggesting that the community support is strong. This social momentum can often precede further price increases as it attracts more attention to the coin.

Sei (SEI) Surges Amid Ecosystem Growth

The layer-1 blockchain Sei (SEI), designed specifically for decentralized exchanges, has seen its token price climb by nearly 7% in the past 24-hours. Sei’s focus on optimizing trading infrastructure appears to be resonating with investors. Recent partnerships and integrations are adding momentum to this uptrend.

SEI/USD price c hart. Source: CoinGenko

In a significant development for the decentralized finance (DeFi) space, Sei (SEI) has officially passed the Balancer proposal BIP-590, paving the way for the integration of Ethereum’s proven DeFi primitives into the Sei v2 ecosystem.

Source: X

Balancer, a top-tier DEX with $1 billion in Total Value Locked (TVL), is partnering with Sei. This move aims to boost DeFi capabilities on the Sei network. The community’s positive response to the announcement is likely contributing to Sei’s recent price gains.

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