Orbid, a famous social media influencer and cryptocurrency expert renowned for identifying high-potential cryptos, recently highlighted BlastUP in a post on X. He suggests that the token is currently undervalued and could soon reach $10.  

The fact that this reputable crypto analyst has added BLP to a must-watch list is a meaningful sign. This article delves into the reasons behind the current hype over BlastUP and evaluates its chances for a head spinning surge ahead. 

 

BlastUP offers high utility, ensuring smooth DApp Launches on Blast

In early February, BlastUP emerged as the first launchpad on the Blast L2 blockchain, with a mission to supercharge the growth and earnings of crypto startups. This platform offers a variety of innovative tools designed to propel projects forward. 

Join BlastUP to Grow Faster and Earn More

BlastUP’s toolkit includes the Launchpad Accelerator that helps projects create essential documentation and tokenomics to attract funding. Only high-caliber projects are allowed to join the ecosystem, so BlastUP conducts rigorous project screening to create a safe and reliable crypto environment. 

 

BlastUP Takes Off: First Project Successfully Launched

Affirming its utility as a launchpad platform, BlastUP has recently launched the BlastUP App which hosts the presale of CYBRO. This event is particularly noteworthy as BlastUP, while still in its own presale phase, hosts an alpha sale for CYBRO. This initial launch not only tests the platform’s capabilities but also sets the stage for the official rollout of BlastUP. 

 

Robust tokemonics add value to BlastUP ($BLP) token

The BlastUP’s native token is $BLP, which grants holders several advantages:

exclusive access to token sales

opportunities for staking 

loyalty benefits during Initial DEX Offerings (IDOs). 

The total supply of 1 billion $BLP tokens is thoughtfully allocated across private sales, pre-sales, public offerings, and other necessary areas like liquidity and marketing, all accompanied by a structured vesting schedule to ensure a smooth introduction of tokens into the market.

$BLP priced below market value during pre-sale 

BlastUP is currently running a presale of its BLP tokens which are now priced lower than their market value following the DEX listing. Over 12,000 people have already joined the presale, and over $5 million have been raised in just two months. The presale runs until the end of May, so there is still a chance to buy these undervalued tokens at an attractive price.

Level Up Your Crypto Portfolio with $BLP Token

 

BlastUP has ambitious plans with detailed roadmap until 2026

Looking ahead, BlastUP has exciting plans. Its roadmap includes deploying an AI-driven IDO screener, introducing new yield and $BLP staking programs, and launching a Community Marketplace and Incubation program. The BlastUP team is also working on user-friendly tools for better token and liquidity management, such as the AI Launchpad Assistant and liquidity pool analyzers, all aimed at fostering innovation and growth within the crypto community.  

 

Strong support from BlastUP community drives further growth

BlastUP is active on major social platforms like X, Telegram, and Discord, consistently updating fans with exciting news and announcements. They also hold engaging AMA sessions, which highlight their commitment to transparency and open communication.

The BlastUP community is a vibrant and loyal group, always eager to discuss and praise the platform’s latest features and developments. 

Image source

 

Summing up: Will BlastUP value soar?

With the backing of key industry influencers like Orbid and a well-structured ecosystem designed to nurture and accelerate the growth of crypto startups, BlastUP exhibits all the hallmarks of a token poised for significant increase in value. The token’s strategic utility in facilitating DApp launches and its robust tokemonics that include staking opportunities make it an attractive asset. Coupled with the enthusiastic and growing community support, these factors strongly suggest that $BLP is likely to exceed expectations in the cryptocurrency market.  

The post Foremost Expert Anticipates a 1,000% Surge in BlastUP: How Feasible Is This? appeared first on BitcoinWorld.

TLDR

Kraken launched a new wallet and plans to launch more products.

Milei Moneda ($MEDA) guarantees huge profits and other benefits.

Kraken has recently stirred excitement in the community by introducing its new multi-chain wallet. Meanwhile, Milei Moneda ($MEDA) offers early investors a pathway to becoming a crypto millionaire.

What are Kraken Wallet’s distinguishing features, and how can investors get into Milei Moneda early? Let’s dive into the answers.

Economize Like Milei: Invest in $MEDA!

 

Kraken Launches Self-Custody Wallet, Stirs Excitement

Kraken is the second-largest crypto exchange. It was also the largest exchange without a native wallet. However, this has changed with the introduction of the Kraken Wallet.

The wallet will help users manage their crypto, NFTs, and DeFi across several chains like Bitcoin, Ethereum, Polygon, Dogecoin, Base, Solana, and Arbitrum. Users can also connect to decentralized apps.

Furthermore, Kraken Wallet stands out for its focus on self-custody and privacy. Additionally, store sign-in details, email addresses, or KYC data are not stored. It also conceals IP addresses and has no internal app performance analytics.

However, Kraken Wallet is still a hot wallet. Users need internet connectivity to access it and verify transactions. This creates a window of opportunity for malicious entities to steal private keys.

Nevertheless, Kraken has released the wallet’s code on GitHub. The company appreciates third-party reviews and contributions. There is also an open-source grant program that rewards developers for discovering loopholes.

Furthermore, Kraken plans to expand its offerings in the future. The company is in discussions with developers to deploy its own layer 2 chain, just like Coinbase.

 

How Purchasing $MEDA Early Can Make You Substantial Profits

Milei Moneda is a new meme coin at the intersection of humor, politics, and blockchain technology. The project’s politics is influenced by Argentina’s president and anarcho-capitalist, Javier Milei. Milei Moneda champions Milei’s radical economic policies and his support for cryptocurrency and decentralized finance.

With this base, Milei Moneda has built a comprehensive ecosystem comprising the $MEDA token, NFTs, and a vibrant community.

However, Milei Moneda’s presale has been the standout feature of the project. The presale is currently in Stage 2, and $MEDA tokens are sold for $0.0125. Stage 2 investors will earn a 60% profit when the project launches at the token price of $0.020. Meanwhile, Stage 1 investors have already earned a 25% profit. The $MEDA price will increase to 100% at launch.

Fortunately, $MEDA’s pump will not stop at the presale. The token is deflationary, with a fixed supply of 500 million. Five percent of this supply will be burned, creating scarcity and more opportunities for a price increase. This future price increase is why analysts say buying $MEDA now could set you up for life.

Additionally, investors get access to the lively Milei Moneda community. In the community, they can connect with like-minded people, participate in giveaways, and be rewarded for quality proposals. Other benefits of owning $MEDA are exclusive access to the coolest NFT collections, NFT staking rewards, voting rights, and discounts.

Moreover, Milei Moneda is protected through locked liquidity, smart contract audits, and zero team allocation. These profits, benefits, and unique features cement $MEDA’s reputation as the best crypto to invest in.

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

The post Kraken Launches Wallet With Support For Multiple Blockchains; Milei Moneda Could Land Early Investors In Massive Profit appeared first on BitcoinWorld.

In recent times, the spotlight has been cast upon Algotech, a captivating innovation in the industry, as it takes the forefront in discussions surrounding MATIC price predictions and the implications of the XRP SEC settlement offer. This introduction sets the stage for an exploration into the dynamics of these developments, delving into the intricacies of Algotech’s influence, the MATIC price prediction, and the ramifications of the settlement proposal on XRP. As we navigate through these topics, we unravel the significance of Algotech’s position, and the broader implications for the crypto market as a whole.

MATIC price prediction for summer 2024

MATIC has been trading under $0.7 and has seen a 33.7% decline in the past month. It has been performing particularly poorly in the market despite the upgrade to Polygon 2.0. It reached a peak of $0.9 in June 2023, but it has been on a steady decline since then, reaching a low of $0.49 in some months.

Despite the fact that MATIC is currently underperforming, whales are still optimistic about MATIC’s price prediction. Many analysts suggest that MATIC is showing a bullish trend and predict that it will reach $1 in the summer of 2024. Even though it’s a speculation, whales are still holding and patiently watching the market for MATIC to soar once again.

 

XRP SEC lawsuit: Ripple labs to dispute settlement to SEC

The XRP SEC lawsuit caused a ripple in the cryptocurrency market and has been on a decline since April 23, 2024. The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs earlier in the year for $2 billion, accusing them of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP and violating the law. XRP argued back that they shouldn’t pay more than $10 million for the ‘offense,’ and the case reached its final phase on April 23, 2024.

The lawsuit has caused a lot of uncertainty regarding XRP as its price plummeted to $0.5 on the day of the final ruling, negating the gain it made in the past few days. Ripple labs have counter-sued the SEC, so the legal battle will continue to determine who is right. Investors have been holding on to their token, and the conclusion of the XRP SEC lawsuit is predicted to make or break XRP’s price in 2024 and beyond.

 

Algotech (AGLT)’s prevalence in the market

Despite the uncertainty surrounding MATIC’s price prediction and the XRP SEC lawsuit, investors have more options in the market. Arguably, the most interesting option investors should pay attention to is Algotech (ALGT). Algotech is an AI trading platform curated to simplify and amplify trading for investors and traders alike.

Algotech uses complicated technology like artificial intelligence, machine learning, and cloud-based engineering to optimize algorithmic trading, helping traders and investors maximize their profits and implement risk management based on the accurate analysis provided by artificial intelligence. Upon launch, it would prove to be an indispensable tool to change the landscape of the cryptocurrency world completely.

To learn more about Algotech, visit the Algotech presale website or join the Algotech community.

 

Key takeaways

In the midst of mass uncertainty in the market, particularly around MATIC price prediction and the XRP SEC lawsuit, emerging projects like Algotech have proven their worth, reeling in over $3.9 million in presale funding, valued at $0.08 per token. It is predicted to retail for $1.15 upon launch, but that largely depends on whether investors take the chance to receive a lifetime Algotech offer.

The post Algotech leads ahead of MATIC Price Prediction & XRP After SEC Settlement Offer appeared first on BitcoinWorld.

The ever-volatile world of cryptocurrency thrives on movement, and a recent discovery by a crypto detective has sent shockwaves through the community. This detective unearthed a massive investment by Dogecoin (DOGE) and Shiba Inu (SHIB) whales in a new token – the DTX Exchange token (DTX). With a potential 25x ROI, this revelation hints at significant shifts in market dynamics and investor sentiment.

 

Demystifying the DOGE & SHIB Whale Involvement

Dogecoin (DOGE) and Shiba Inu (SHIB), both popular memecoins, are known for their origin in internet jokes and dependence on hype and social media trends. While experiencing significant price swings, they lack the real-world utility of other cryptocurrencies.

Investor make-up also differs between these two memecoins. DOGE gained traction through a grassroots movement, attracting individual investors drawn to its playful nature and occasional endorsements by Elon Musk. While larger investors likely hold some DOGE, it lacks a single major backer influencing its price.

SHIB, on the other hand, has a more centralized investor base. A significant portion of initial SHIB tokens were donated to Ethereum’s creator, Vitalik Buterin. While he burned a substantial amount, his remaining holdings and actions can significantly impact SHIB’s price. Additionally, major cryptocurrency exchanges holding SHIB on behalf of users can influence price movements through trading activity.

However, the world of cryptocurrency is shrouded in a veil of mystery, often requiring a keen eye to see beyond the surface. In this case, a crypto detective’s meticulous on-chain investigation exposed the involvement of prominent DOGE and SHIB whales in this intriguing venture.

DTX – A Potential 25x Exchange Token (DTX)

DTX Exchange aspires to be the ultimate cryptocurrency exchange, offering a staggering array of over 120,000 tradable instruments. This goes far beyond just cryptocurrencies, encompassing foreign exchange, stocks, equities, and even contract-for-difference (CFD) trading. DTX isn’t just about breaking records; it’s about building a one-stop shop for all your trading needs, regardless of your investment focus.

The unprecedented scale of investments by DOGE and SHIB whales in the new DTX Exchange token with a potential 25x growth begs the question: what are their motivations? Some speculate that these whales see the potential for exponential growth in the DTX Exchange token.

DTX presents a potentially low-risk, high-reward opportunity for investors, with its ongoing presale priced at $0.02. DTX’s value proposition, combined with positive investor sentiment and potential market upturn, could lead to a significant price increase, assuming overall market conditions remain stable.

Join the ongoing DTX Exchange presale via this link or join their Telegram community for updates and information.

The post Crypto Detective Uncovers Massive Investment By Dogecoin (DOGE) and Shiba Inu (SHIB) Whales in New 25X Exchange Token appeared first on BitcoinWorld.

Bitgert coin’s momentum keeps growing with consistency maintained. This growing momentum has unsurprisingly gotten the attention of many investors in the industry.

With the growing attention, a positive impact is expected on the coin as many investors expect to make good returns by investing massively on Bitgert coin. It is already showing positive signs with the impressive uptrend which has been recorded by the coin so far.

In the course of this article, we will look deeply into the upsurge experienced by Bitgert and the possible catalyst which has encouraged it.

 

Speedy Transaction Rate, Boosting Bitgert’s Surge?

Scalability posed serious issues in the crypto assiduity as many systems encountered difficulty in bringing a lasting solution inorder to enjoy the blockchain sector to the fullest.

Bitgert’s launch has changed the perspective of many investors, as Bitgert handed the demanded result and set up a perfect balance thereby giving investors satisfaction at all corners. This unique initiative by Bitgert took the crypto assiduity by surprise and resulted in investors gaining more interest in the offerings which is responsible for the recent impressive surge by Bitgert.  

Bitgert’s integration with PoA agreement medium encouraged its blazing speed without any other offering being negatively affected, making Bitgert maintain a high standard across all immolations. 

With investors happy that their long time demand has been met by a project with unique offerings, more investors are trooping into the project to take advantage of it and this has led to an increasing demand and massive surge which many have tipped to hit over 2,000%.

 

Technological Development, A Catayst Of Bitgert Upsurge

Bitgert has made it a sole purpose to ensure investors m enjoy blockchain- related services at top effectiveness. This technological advancement also ensures transparency and smooth running of other offerings that it has. 

Bitgert eliminated the issue of gas freights disturbing numerous investors in the crypto space by creating a gas-free ecosystem. It’s possible to conduct any sale without worries of inhibition. This has gotten the attention of more investors seeking to capitalize on this and utilize the offerings of Bitgert.

Bitgert’s design basically intends of giving investors the best and it is fast achieving it by making steady upgrades in its offerings, giving investors a reason to always utilize it. By doing so, more investors are naturally drawn to it and this has led to a surge being experienced with the future looking hopeful for it to hit over 2,000% of its current value.

 

Conclusion 

To get huge profit impeccably in the cryptocurrency ecosystem, exploration is veritably important. With the emergence of quality systems like Bitgert, smart investors are anticipated to take advantage of it. However, scrutiny must be conducted before making fiscal opinions. Get more information on it through this website

The post Insider Insights: The Catalyst for a +2000% Surge in Bitgert Coin Price appeared first on BitcoinWorld.

Among the stands in the volatile market is BEFE Coin, with a potential value for remarkable growth. According to experts, it would soon hit the milestone price of $0.01. This would be underlined as growing stability and appeal to it. Anticipation is abuzz within the crypto community.

 

What is BEFE?

Memecoin BEFE has been one of the most active promising cryptocurrencies in the market, trading at $0.0001447, up by 9.4% over the past 24 hours. Over the last week, the price of BEFE has gained by 1.2%, which certainly proves its resilience against the volatility-prone market. A thing to mention is that the current stance of BEFE is far lower than the global cryptocurrency market, which decreased by 3.00% and is at the level of similar performance among other BNB Chain Ecosystem cryptocurrencies. 4 Months ago, it reached an all-time high at $0.001128, reflecting a stunning peak, though currently, the value of BEFE is 87.22% less than this level. The last 24-hour trading volume shows that market activity decreased by 7.30% to $264,846, bringing the fully diluted valuation to $14,444,671. BEFE tokens can be traded primarily on decentralized exchanges such as Pancakeswap V3 (BSC) and centralized exchanges such as AscendEX (BitMax), where the trading pair BEFE/WBNB is most active. This coin’s strong showing, paired with active trading volumes, may point toward a growing interest and further potential for value appreciation within the meme-coin space.

 

BEFE’s 30-Day Market Performance

For the last 30 days, BEFE has been exposed to big changes in volume and price for its trading; therefore, it has great market interest and potential to grow. BEFE began trading at $0.00048033 on March 28, 2024, before reaching its highest point in the period under review. By April 6, 2024, BEFE had surged to $0.00045260, a pointer to an exceptional gain of nearly 16% from the opening price of April 5, 2024. On April 7, 2024, the high reached $0.00041845, another sign that this coin is going to be very bullish.

The trading volume of BEFE also reflected a bullish trend, having the peak volume on 5th April 2024 at $454,794, hence showing how interested investors were in their buying and selling, hence very active trading. The highest price was registered at $0.00051537 on the 4th of April 2024, which, registering an exemplary surge of 12.3%, indeed led to investor confidence and speculative interest.

If anything, BEFE stands apart from a lot of meme coins due to its community-based approach to strengthening meme culture and, in turn, gaining more visibility and attraction toward younger investors. What’s more, BEFE has fully embraced the whimsical and quickly viral tendencies of internet culture, turning it into a thing that assists them in differentiating themselves in the meme coin market.

 

Conclusion

As such, it is only prudent for investors to tread cautiously and carry out a very wide market research exercise before making an investment decision into BEFE-like cryptocurrencies. This calls for a need for him to keep abreast of adequate information regarding the market trends and associated risks due to the tendency of memecoins to hold volatile natures.

The post The Road to Success: BEFE Coin’s Projected $0.01 Price appeared first on BitcoinWorld.

This June, from the 6th to 8th, SiGMA is whisking away 70 top affiliates with Asian traffic to the Philippine island paradise of El Nido for an affiliate retreat.

Exclusively hosted by five operators and a games provider, guests will spend two nights in a luxurious resort on El Nido. One of the best island beaches in the world, there’s no shortage of hidden nooks to explore, with vibrant coral reefs, white sands and breathtaking limestone cliffs making this a bucket list destination.

A packed agenda includes plenty of networking opportunities. From a sunset reception marking the close of the first day to highlight excursions and activities, such as an island adventure and pool party, the retreat offers an ideal chance for affiliates and operators to strengthen both old and new friendships, paving the way for exciting new business relationships to blossom.

To secure a coveted spot on the SiGMA affiliate retreat guest list, register your interest here.

About SiGMA Asia

SiGMA Asia takes place between the 2nd and 6th of June at the SMX Convention Centre – Manila’s largest expo venue. SiGMA will connect its vast network in the West with Asian suppliers, operators, and affiliates, opening up new opportunities for business, and providing a space for premium networking for an expected turnout of 20,000 delegates.

SiGMA Asia’s double decker expo floor features a diversified portfolio of B2B and B2C brands, as well as a number of land-based exhibitors – making it one of the biggest gaming shows in Asia. The event will also focus on the emerging technologies, bringing cutting-edge tech, such as AI and Blockchain to the floor.

Two full days of conference provide a valuable platform for knowledge sharing and debate. A guestlist of VIP speakers will address topics ranging from the regulatory landscape to the integration of the emerging technologies, while a series of competitive startup pitches help bring exciting new companies and ideas to light.

With official endorsements from PAGCOR and CEZA supporting the event, delegates can expect an exclusive line-up of guests this June, including 3,000 operators and over 350 top speakers.

The post SiGMA affiliate retreat transforms El Nido into networking nirvana appeared first on BitcoinWorld.

SiGMA Group Founder Eman Pulis met yesterday with Mr Plinio Lemos Jorge, President of the National Association of Games and Lotteries (ANJL), as well as members of the União Brasil Party – National President, Antonio Eduardo Gonçalves de Rueda, Advisor, Mariana Monteiro Fernandes de Carvalho, and Manuel Arruda, President of the Party. They were also joined by Vinícius Moraes De Carvalho, Investment Partner at Ikigai Ventures.

In the words of SiGMA Group Founder, Eman Pulis, “It was a great opportunity to meet with some of Brazil’s most influential figures in the gaming and regulatory landscape and to share our plans at SiGMA with them. 18 months ago we launched a dream to set foot in the Americas and be one of the most significant conferences for the region – and not just for the sake of doing a conference but to lead the charge and raise awareness that regulated online gambling is the way to go.”

Mr Plinio Lemos Jorge with Eman Pulis.

“I see a very bright future – not only for the Americas, not only for Brazil, but especially for São Paulo.”

Speaking to SiGMA News, Mr Jorge commented that, “As president of ANJL, I can only thank, on behalf of the members, the receptivity of the SiGMA Group, through its president, Eman Pulis, during BIS SiGMA Americas.”

“We spoke about the national scenario of the sports betting and online gaming market at a very important moment, in which Brazil structures the sector’s regulations. My guests and I were impressed by the magnitude of the event, which confirms our country as a promising market.”

“Mr. Pulis invited us to be present at other editions of SiGMA, including in other countries. There will certainly be new opportunities for us to keep on taking our vision of Brazil to the main global players”

Having assumed his role just a few weeks ago following the conclusion of outgoing President Wesley Cardia’s on-year term in office, Lemos Jorge, a prominent lawyer and former judge, brings a diverse skill set to his new role. His emphasis on active listening, collaboration, and transparency underscores his commitment to representing and defending the interests of ANJL members effectively.

Mr Jorge is a lawyer and partner at Lemos Jorge Advogados Associados, holds a Master’s degree in Tax Law from PUC-SP, is a doctoral candidate in Business Law, and a former judge at the Tax and Fees Court of the State of São Paulo. Read his interview with SiGMA News here.

The União Brasil Party is a liberal-conservative political party in Brazil. The party was founded on 6 October 2021 through the merger of the Democrats (DEM) and the Social Liberal Party (PSL). The merger resulted in the biggest party in Brazil, and was approved by Brazil’s Superior Electoral Court on 8 February 2022.

The post BIS SiGMA Americas welcomes ANJL President and members of União Brasil Party appeared first on BitcoinWorld.

Manila, Philippines — Get ready for an eye-opening event as the Philippines Traders Fair 2024 unfolds on 25 May 2024, at the Edsa Shangri-La, Manila. Beyond just your usual fair, this gathering is a place where industry leaders, traders, investors, and finance enthusiasts come together. Expect a day packed with valuable insights, networking opportunities, and a celebration of excellence.

 

A Day of Gaining Knowledge

This event goes beyond traditional seminars and workshops; it focuses on making meaningful connections with leading experts in the field. Are you looking to learn the art of trading while working a full-time job? Are you curious about the psychological aspects of trading and how to navigate the emotional journey? Are you interested in learning more about emerging cryptocurrency trading trends? Whatever your goals or aspirations, the Philippines Traders Fair 2024 provides an opportunity for exploration and connection.

Prepare to be inspired by a diverse lineup of speakers, each a trailblazer in their respective fields, providing unique perspectives and invaluable insights to empower both traders and investors. Among them are:

Larry Collin, CTA®, CEO of Forex Trading Philippines; Jonathan Lou Reyes, Founder of PAFTI; Emmanuel Deiparine, Cryptocurrency Trader; Coach Miranda Miner, CEO of Global Miranda Miner Group and FeastGold Innovations; Gerome Lazaro, Cryptocurrency Trader and Co-founder of 8CHAIN and San Lazarus Guild; John Reinel Penetrante, Founder and CEO of Wise Investors Ph, Professional Trader, Investment Coach, and COO and Operations Lead of Izanagi Trading Systems; Valentino A Mendoza, Senior Trader and TESDA Certified Forex Derivative Trading Level II Trainer; Lloyd Bazar, Trading Expert, Fund Manager at Izanagi, and Investment Coach; Michael Angelo Geron (Crit G), President and Founder of Gainers Ground; Jem Francisco, Founder of The Holistic Trading Strategy in Stocks & Crypto Markets, CEO of CI Program & EA 888 Global; Fermin Barrenechea, Co-Founder of Museigen Training Academy, Inc; John James C. Genove, BS CsC, RBE ‘Registered Blockchain Educator’; Mary Olidem Diño, Junior Coach at Trader Development; and Bobby Winters, Co-founder of FXIFY and CEO of FXPIG.

For those eager to join this transformative experience, detailed event information, speaker opportunities, and media partnerships await at tradersfair.com or via email at info@finexpo.org.

Join us in shaping the future of finance. The Philippines Traders Fair 2024 is where ambition meets expertise, and new horizons emerge. Don’t miss out on this transformative experience!

 

Connect with Us:

Website: https://tradersfair.com/

Facebook: https://www.facebook.com/TradersFair

Instagram: https://www.instagram.com/tradersfair.asia

YouTube: https://www.youtube.com/user/finexpo

The post Philippines Traders Fair 2024: Where Ambition and Expertise Unite appeared first on BitcoinWorld.

Cape Town, South Africa – April 23, 2024

Get ready for a double dose of excitement as Bitcoin Events proudly presents two premier events in South Africa: Crypto Fest 2024 and the Blockchain Africa Conference 2024.

 

Crypto Fest 2024: A Thrilling Crypto Extravaganza

Prepare to immerse yourself in the dynamic world of cryptocurrency at the 6th edition of Crypto Fest.

Scheduled to take place at the renowned DHL Stadium in Green Point, Cape Town, from October 10 to 12, 2024, this year’s event promises an unparalleled experience for crypto enthusiasts worldwide.

For the first time ever, Crypto Fest will span three action-packed days, featuring engaging networking activities, captivating workshops, vibrant exhibitions, and insightful discussions led by industry experts.

Attendees will have the opportunity to explore the vibrant culture and rich history of Cape Town with the Cape Town City Tour on October 10, followed by the main event at DHL Stadium on October 11, featuring over 15 sessions covering a diverse range of topics. The festivities will conclude with the Cape Town Winelands Tour on October 12, offering attendees a unique networking experience amidst the picturesque landscapes of the region’s renowned vineyards.

 

Blockchain Africa Conference 2024: Uniting the African Web3 Community

Mark your calendars for the highly anticipated 10th edition of the Blockchain Africa Conference, set to take place in Pretoria (Tshwane) on November 20, 2024. This landmark event will bring together industry leaders, investors, entrepreneurs, developers, innovators, and enthusiasts from across Africa and beyond for insightful discussions, ground-breaking innovations, and unparalleled networking opportunities.

The main event will be hosted at the prestigious CSIR International Convention Centre, providing an ideal setting for engaging conversations and collaborative learning. As an extension of the conference, a networking event will be held in Cape Town on November 22, 2024, offering attendees the chance to connect with the vibrant Cape Town Web3 community.

Attendees can look forward to diving into a vibrant array of discussions that delve deep into the African narrative. From exploring the impact of Central Bank Digital Currencies (CBDCs) on Africa’s digital economy to navigating the intricate regulatory landscapes unique to South Africa, participants will glean invaluable insights into the dynamic African crypto terrain.

Furthermore, the events will illuminate emerging trends in cryptocurrencies, highlighting their implications on both micro and macro levels. Additionally, the transformative potential of stablecoins in African markets and the innovative tokenization of real-world assets within the continent will be thoroughly explored.

In addition to these topics, discussions on digital identity, its intersection with blockchain technology, and the integration of AI will provide attendees with comprehensive insights into the evolving landscape of digital ecosystems across Africa.

Beyond thought-provoking discussions, attendees will engage in dynamic workshops, vibrant exhibitions showcasing African blockchain initiatives, and networking events that foster connections among industry players and enthusiasts alike.

Whether you’re a seasoned blockchain enthusiast well-versed in Africa’s crypto ecosystem or new to the space, the Crypto Fest and Blockchain Africa Conference provides a unique platform to learn, connect, and draw inspiration from the visionaries shaping Africa’s digital future.

 

Early Adopter Tickets Available

Crypto Fest tickets can be bought here and for the Blockchain Africa Conference tickets here.

For more information and to register, visit Bitcoin Events website here.

Join us for these ground-breaking events and become an integral part of shaping the future of finance and technology in Africa.

 

Media Contact:

Nazley Swartz nazley@bitcoinevents.co.za

About Bitcoin Events:

Over the span of a decade, Bitcoin Events has proudly stood as Africa’s pioneering events company dedicated solely to the realms of crypto, blockchain, and Web3 technologies. Welcoming over 17,500 attendees from 165 countries, we’ve fostered connections with esteemed individuals and reputable companies leading the charge in the blockchain space.

With our far-reaching influence, Bitcoin Events remains committed to empowering Africa through our world-class events, driving forward the region’s blockchain ecosystem.

 

Follow Bitcoin Events:

Twitter: @BlockchainZA Facebook: BitcoinEventsZA LinkedIn: Bitcoin Events

The post Bitcoin Events Announces Two Exciting Events in South Africa: Crypto Fest 2024 and Blockchain Africa Conference 2024 appeared first on BitcoinWorld.

A significant accumulation spree is making headlines in the Bitcoin (BTC) network as a major HODL trend surfaces.

Meanwhile, Borroe Finance is stamping its authority in the decentralized finance (DeFi) and Web3 sectors thanks to its AI-powered NFT funding marketplace that is amicably tackling liquidity headache issues.

>>BUY $ROE TOKENS NOW<<

 

Borroe Finance’s Out-of-the-Box Approach in Web3

Given that Borroe Finance offers an innovative platform that is meant to eradicate the short-term capital challenge that Web3 content creators and businesses usually face, the network has become one of the sought after in the DeFi space.

This is because Borroe Finance has already raised more than $3.92 million at presale, making it one of the best DeFi projects that will take the crypto sector to the next level.

Furthermore, the network’s governance token called $ROE is witnessing a surging adoption rate, given that more than 295 million coins have been purchased at this level.

Therefore, Borroe Finance is continuously showcasing itself as a game-changer that will take the Web3 sector to the next level by eradicating the drawbacks accustomed to traditional financing systems.

As a result, the fear of missing out has already penetrated the Borroe Finance ecosystem since investors are joining this network in droves. Therefore, Borroe Finance is showcasing itself as the best new crypto to invest in thanks to its long-term objective of eradicating liquidity stumbling blocks in the Web3 sector.

>>BUY $ROE TOKENS NOW<<

 

$ROE Enjoys a 100% ROI

Given that $ROI serves as the gateway to the Borroe Finance network, it has become the best crypto investment on the foundation of its long-term goal in Web3.  

For instance, early adopters and investors are already witnessing a 100% profit in their $ROE investments. This is because $ROI is currently selling for $0.02 at the final presale level, and this is a significant increase from the beta stage where the price was $0.01.

Experts believe that $ROE will continue to scale heights upon its DEX (Decentralized Exchange) and CEX launch, with the listing price already set at $0.025.

The final presale stage is more than 67% done, illustrating that retail and institutional investors are embracing Borroe Finance with both hands.

This mind-blowing performance at presale shows that Borroe Finance’s success mimics that of celebrity-endorsed coins and hype-driven coin offerings.

Therefore, a major upswing is expected in the Borroe Finance network thanks to its quest to revamp the Web3 landscape, making it a good crypto to buy.

 

Bitcoin Finds the Right Footing

After recently falling to $61,500, Bitcoin is back to winning ways since the leading cryptocurrency has soared past the $66,000 level.

BTC was up by 2.4% in the past 24 hours to hit $66,022 at the time of writing, according to CoinGecko data.

This bullish momentum has been ignited by significant inflows in accumulating addresses, which recently hit historic highs of 27,700 BTC, according to top on chain metrics provider CryptoQuant.

Source: CryptoQuant

 

Furthermore, the selling pressure in the Bitcoin ecosystem has dwindled. Julio Moreno, the head of research at CryptoQuant pointed out, “Bitcoin selling pressure from traders may be declining as unrealized profit margins are basically zero now. Traders’ realized price (pink line) has acted as support for prices during a bull market and it’s now at $60K.”

Source: CryptoQuant

 

As Bitcoin continues to be a top crypto to invest in, time will tell how BTC shapes up in the post-halving era.

 

Learn more about Borroe Finance ($ROE) here:

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

The post Bitcoin Accumulation Addresses Experience Significant Inflows as AI Crypto Anticipates Substantial Upswing appeared first on BitcoinWorld.

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

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

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

Openfabric AI Spearheading AI Infrastructure

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

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

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

 

Aleph.im: Decentralized Cloud Computing for Web3

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

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

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

 

Akash Network: Decentralized Cloud Computing Marketplace

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

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

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

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

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

— Akash Network (@akashnet_) April 23, 2024

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

 

InQubeta: Democratizing AI Investments

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

What exactly is InQubeta though? 

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

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

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

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

 

Conclusion

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

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

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

Join InQubeta

The post AI Coins Rally as AKT, ALEPH Lead the Charge, InQubeta Joins the Pack appeared first on BitcoinWorld.

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

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

Stacks Initiates Nakamoto Upgrade, Targets Enhanced Bitcoin Scalability

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

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

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

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

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

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

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

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

Ali added:

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

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

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

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

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

#Binance #WRITE2EARN

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

Fireblocks’ DeFi Protection Tools

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

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

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

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

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

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

See Also: Stripe Reintroduces Crypto Payments Via USDC Stablecoin

The Need For DeFi Safety Tools

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

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

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

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

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

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

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

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

#Binance #WRITE2EARN

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

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

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

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

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

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

— Patrick Hansen (@paddi_hansen) March 24, 2024

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

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

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

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

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

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

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

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

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

— Patrick Hansen (@paddi_hansen) March 24, 2024

What is New for CASPs Under EU’s AMLR?

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

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

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

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

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

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

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

#Binance #WRITE2EARN

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

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

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

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

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

“Fake” CBN Circular Sparks Crypto Ban Fears

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

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

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

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

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

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

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

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

Not Out of Character

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

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

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

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

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

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

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

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

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

#Binance #WRITE2EARN

The post How “Fake” Nigerian Central Bank Circular Stoked Crypto Ban Fears appeared first on BitcoinWorld.

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

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

Quidd Is Facilitating Cityzens Engagement

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

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

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

— Quidd (@quidd) April 24, 2024

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

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

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

Boyle added,

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

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

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

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

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

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

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

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

Manchester City At The Forefront Of Crypto & Web3 Adoption

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

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

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

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

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

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

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

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

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

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

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

#Binance #WRITE2EARN

 

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

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

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

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

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

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

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

CryptoQuant CEO Stands by Samourai Wallet Co-founders

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

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

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

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

See Also: Stripe Reintroduces Crypto Payments Via USDC Stablecoin

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

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

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

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

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

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

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

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

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

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

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

Benefits of Crypto Mixing

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

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

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

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

#Binance #WRITE2EARN

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

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

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

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

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

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

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

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

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

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

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

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

#Binance #WRITE2EARN

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

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

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

Web3 Foundation, developers of Polkadot, said:

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

StorageHub Development

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

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

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

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

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

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

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

Decentralized Storage

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

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

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

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

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

#Binance #WRITE2EARN

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