Arbitrum, Optimism, Polygon, StarkWare, and zkSync integrate the data availability layer from the Avail modular blockchain.

According to the announcement from the Avail team, the integration is designed to help developers build more scalable, cost-effective, and composable networks.

The new functionality will become available following Avail’s upcoming mainnet launch, which is expected in the coming weeks.

Build on an L2 of your choice, Avail DA has your data availability needs covered.We’re excited to announce that developers building rollups on @0xPolygon, @arbitrum, @Optimism, @StarkWare and @zksync can now utilise Avail DA. Technical deep dives coming soon! Meanwhile, you… pic.twitter.com/cYhtDLJktd

— Avail (@AvailProject) April 25, 2024

Avail said it works closely with OP Labs to ensure integration with the Optimism ecosystem.

Orbit developers can leverage Avail’s data availability (DA) layer instead of relying on an external Data Availability Committee.

Avail DA will also integrate with the Polygon Chain Development Kit, and the StarkWare collaboration will integrate with the Madera rollup framework. Avail DA integrates with ZK Stack from zkSync.

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Avail is positioned as a data availability layer for Optimism, Validium, and other solutions running on top of it. The technology will allow DA to be hosted and validated off-chain, serving as a key component of the modular network design concept.

The solution is designed to reduce blockchain load by moving data and increasing scalability “across the board.” This approach ensures the security and correctness of transactions, ensuring the reliability of operations outside the main Ethereum network.

On April 24, the project team launched Turing, an environment for testing scalability and other important aspects of the mainnet.

The Turing testnet is live! Turing is Avail's final pre-mainnet testing environment, focused on vetting deployments, stress tests, and scalability assessments.As you transition from Goldberg to Turing, here are some things to keep in mind:1️⃣ Bugs are expected as we stress…

— Avail (@AvailProject) April 24, 2024

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Franklin Templeton enables peer-to-peer transfers for its $380 million money market fund via its BENJI token on Stellar and Polygon blockchains.

The Franklin OnChain U.S. Government Money Fund (FOBXX) investors can now transfer the fund’s BENJI token directly between each other without any intermediary.

The token, available on the Stellar (XLM) and Polygon (MATIC) blockchains, represents shares in the fund that holds government securities, cash, and repurchase agreements, providing a steady yield to token holders.

According to Jason Chlipala, chief business officer of Stellar Development Foundation, enabling peer-to-peer transfers puts Franklin Templeton at the forefront of the financial sector, promoting openness, transparency, and accessibility.

We’re excited to announce peer-to-peer transferability for the yield-bearing BENJI security token! This new feature will provide users the ability to send BENJI tokens to other BENJI holder’s digital wallets. One BENJI security token is a share of the Franklin OnChain U.S.… pic.twitter.com/WFhsCyx0BQ

— Franklin Templeton Digital Assets (@FTI_DA) April 25, 2024

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This development is important as it enhances the token’s utility. It could potentially facilitate trading on secondary markets or serve as collateral for loans in decentralized finance (defi) platforms.

Roger Bayston, head of digital assets at Franklin Templeton, emphasized the importance of integrating blockchain-based assets seamlessly into the broader digital asset ecosystem. Tokenized U.S. Treasuries represent a growing trend in bringing traditional financial assets to blockchain rails, with the market for such assets reaching $1.2 billion, according to rwa.xyz data.

BENJI, launched in 2021, holds the largest market capitalization among similar offerings, with newcomers like Ondo Finance and BlackRock’s BUIDL fund, with Securitize gaining ground by allowing peer-to-peer token transfers.

Read more: Woo X launches tokenized US Treasury bills for retail investors

Social media influencer Jabara Igbara, commonly known as Jay Mazini, was sentenced to seven years in prison for stealing over $8 million from Muslims via a crypto fraud scheme. 

On April 24, United States District Judge Frederic Block pronounced Igbara guilty of orchestrating money laundering and wire fraud through his Instagram page and other social media profiles under the alias Jay Mazini. 

“Igbara was a crypto con man.  He not only created a fake online presence to purport that he was a wealthy crypto investor, but he also used his Instagram persona as proof of success when convincing his unsuspecting victims to invest in his schemes.  He conned a New York Muslim community out of millions then simply spent it and gambled it away.”

Thomas M. Fattorusso, IRS-CI Special Agent-in-Charge

According to the U.S. Department of Justice, Igbara operated his Ponzi scheme via a sham venture dubbed Halal-Capital LLC. Using the company and his social media influence, the crypto fraudster collected capital from unsuspecting victims by offering attractive rates and falsified bank transfers as supposed payments for digital assets. 

In addition to Igbara’s 84-month prison sentence, Judge Frederic Block ordered that he forfeit $10 million for his crimes. 

You might also like: Myanmar-based scammers stole $100m worth of crypto since 2022, Chainalysis says

World governments clampdown on crypto fraud

Igbara’s conviction underscores a global effort to eradicate crypto fraud and bad actors from the digital asset ecosystem. FTX Founder Sam Bankman-Fried was sentenced to 25 years for defrauding customers of billions in cash and crypto. 

Per crypto.news, tech giant Google is suing crypto scammers leveraging fake apps to steal funds from investors. The scams reportedly affected more than 100,000 users globally. 

In Asia, Indian and South Korean authorities have launched campaigns against malicious individuals behind various crypto fraud schemes. India’s Enforcement Directorate disclosed a charge sheet with over 299 entities under investigation. 

Meanwhile, South Korean police apprehended a pair of fraudsters suspected of thieving $4.1 million from an elderly citizen through fake crypto investment strategies. 

Despite the massive amounts lost to crypto criminals, TRM Labs noted a 9% decrease in illicit virtual currency transactions last year. The research found a reduction from $49.5 billion in 2022 to $34.8 billion in 2023.

Read more: Illicit crypto volume decreased to $34.8b in 2023, TRM Labs says

Since the fourth halving, Runes trading volume has exploded, opening up a new sector for Bitcoin with meme coins.

Runes are a fungible token protocol on the Bitcoin (BTC) blockchain, allowing the network to utilize meme coins and other fungible projects.

“Runes were built for degens and memecoins, but the protocol is simple, efficient, and secure […] the protocol is self contained and has no dependencies on ordinals or inscriptions, making it extremely simple”, Casey Rodarmor, the creator of Runes and the BRC-20 protocols, said in a tweet.

Rodarmor took Rune #0, the genesis Rune, as he didn’t want high transaction fees fighting over the first Rune, which has the name UNCOMMON•GOODS. According to Magic Eden, Runes are numbered in chronological order in which they are etched or minted and have distinct symbols to differentiate each Rune.

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If you guys can meme $DOG to $1B then enough people will start paying attention that its cuteness will take us mainstreamThe exact point where the super edgy crypto native memes cap out is where $DOG really starts cookingPeople can make fun of $DOG all they want but $DOG was… pic.twitter.com/xsggDkwdUa

— Leonidas (@LeonidasNFT) April 25, 2024

The most hyped Rune with a 24-hour trading volume of $5.9 million is Rune #3, DOG•GO•TO•THE•MOON, which has a current price of $0.0032. This collection was airdropped to holders of the Runestone BRC-20 token post-halving, which reached a peak floor of $5,890. DOG•GO•TO•THE•MOON currently has a $354 million market cap, with a cult-like following on X due to it being the first Rune meme coin on Bitcoin.

RSIC•GENESIS•RUNE, Rune #8 is currently priced at $0.0103, with a 24-hour trading volume of $1.12 million and a $211 million market cap. RSIC is an initiative to mine Rune coins as a game with different seasons and a leaderboard for top miners.

Rune #6, SATOSHI•NAKAMOTO, has a 24-hour trading volume of $618,300 and has a $79.4 million market cap. The price currently sits at $3.78 and even has a 21 million supply, paying homage to Satoshi Nakamoto, the inventor of Bitcoin.

According to Magic Eden, five days post-halving, the Runes protocol has already generated a $650 million market cap and millions in revenue for Bitcoin miners.

Read more: US SEC postpones decision on spot Bitcoin ETF options

The Renzo team announced some changes to the conditions for the REZ token airdrop.

According to the project, several changes are expected regarding the REZ airdrop. The Renzo team elected to increase the initial distribution volume from 5% to 7% after criticism towards the developers and the deposit of the ezETH LRT token.

We hear you! The Renzo team acknowledges feedback and the importance of our community who has made Renzo the leading restaking protocol. Based on your feedback we’re updating:1⃣Claim timeline2⃣Tokenomics3⃣Airdrop eligibilitySnapshot & Claim Timeline:👉Snapshot date…

— Renzo (@RenzoProtocol) April 24, 2024

In addition, the branding date has been postponed to April 30. Tokens can be requested an hour before the asset is listed on the Binance exchange, and the REZ share for the community will be 32% instead of 30%.

The developers also stated that the minimum threshold for participation in the distribution would be 360 points, with 99% of addresses fitting this criterion. Requirements are higher for larger wallets.

Addresses with a balance of more than 500,000 points will receive only 50% of the TGE drop, and the rest will be unlocked linearly over three months.

You might also like: Ethereum stakers exit Lido for Ether.fi, Renzo

The Renzo protocol team has previously been criticized, mainly due to the revelation that developers and large investors accounted for 65% of the REZ supply.

Additionally, according to some commentators, the protocol team attempted to misrepresent the asset allocation by using an incorrect chart.

Renzo Protocol really tweeted a distribution chart like this and thought we wouldn't notice. pic.twitter.com/KpGBVRoRGT

— Steven (@Dogetoshi) April 23, 2024

On April 24, the LRT token of the Renzo protocol, ezETH, also lost its connection to Ethereum (ETH). Its current ratio to the underlying asset fell to 1 to 0.5.

$ezETH depegged briefly to 0.5 $ETH or $1600RIP leveraged points farmers pic.twitter.com/wbgwqpmxh7

— Wazz (@WazzCrypto) April 24, 2024

The Renzo project has become the 53rd project in the Binance Launchpool. Binance will be the first platform to list the REZ token, and trading will begin on April 30.

You might also like: Glassnode: Restaking brings new yield opportunities for Ethereum community

Crypto influencer Rekt Fencer shared a Bitcoin trading algorithm built with OpenAI’s ChatGPT, but users are skeptical about the bot’s results. 

Trading algorithms are not exclusive to cryptocurrencies; they are tools in any financial market that automate processes. The idea revolves around establishing presets based on advanced mathematical models to execute trades aligned with pre-determined rules rather than instinct or emotions. 

Rekt Fencer supposedly created one of these algorithms to trade Bitcoin (BTC) and pocketed $71,500. According to the influencer’s April 25 X thread, the bot leveraged the Bollinger Bands Indicator on TradingView. 

It took 10 minutes to build this Bitcoin trading bot using AI prompts on ChatGPT, said Rekt Fencer. The OpenAI tool was also used to resolve coding errors and solve technical glitches that may be encountered in the setup process. 

I built a simple strategy using ChatGPT and made $71,500 trading $BTCYou can build the same trading bot in just 10 minutes🧵: Simple tutorial on creating your trading bot with AI 👇 pic.twitter.com/LenkGfvdEY

— Rekt Fencer (@rektfencer) April 24, 2024

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Users contest Rekt Fencer’s Bitcoin trading bot

Users challenged the post, surmising that the trader published backtesting results rather than live-market profits. Backtesting is carried out in a simulation environment and is often used as a dress rehearsal for subsequent development or real-world trials.

Skeptical community members pointed out that the X thread mentioned only profits and no losses, an unlikely scenario if actual trades were executed in the open market. 

X users probe Rekt Fencer’s BTC trading bot | Source: X

Observers also remarked that creating a trading algorithm is a highly technical process that AI bots, such as OpenAI, may not be optimized for. Users should be cautious when implementing any automated trading system and deploying real capital. 

Nah that’s the performance overview inside Trading view. It’s just backtesting. Profit factor of 2.20 in testing is way too low and likely he excluded the settings where fees are not calculated. Making a trading algo it’s complicated and can’t be based on a retail indicator.

— GP Crypto Chief 🌐⚙️ (@gpcryptochief) April 25, 2024

Read more: How to earn Bitcoin: mining, trading, and more

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Turmoil strikes the Solana meme coin market as Bonk and Dogwifhat retrace 11% and 12%. 

However, the newly launched Slothana has continued pushing ahead as top analysts back it for 10x gains.

Solana meme coins dump amid broader market selloff

The crypto market has retraced today, causing a mass derisking from more volatile assets like Solana meme coins.

According to CoinGecko data, the total crypto market cap is down by 3.8%, but the Solana meme coin ecosystem fares worse for wear, down 5.8%.

However, Solana’s top dogs, Bonk and Dogwifhat, have suffered even deeper selloffs, down 11% and 12%, respectively.

Currently, Bonk is trading at $0.00002373. Despite today’s pullback, it remains up 67% this week but is down 11% this month.

BONK has a $1.5 billion market cap and a $531 million 24-hour trading volume, down 9.3% today.

Trader Benjaminxbt anticipates Dogecoin will advance upwards in the coming weeks. The analyst noted that it recently broke a wedge chart pattern to the upside and suggests that it will now push toward its March 2024 all-time high (ATH).

Meanwhile, prominent commentator Sjull from AltCryptoGems highlighted a “cup and handle” chart pattern formation and speculated a move to the upside could follow.

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“BONK had a nice rally lately, now is consolidating just below a key resistance level. You can see a sort of cup & handle pattern forming here. Pay attention to a possible breakout,” he wrote.

Moving to Dogwifhat, it is trading at $2.95, up 23% this week and 4.8% this month. It holds a $2.9 billion market cap and a $802 million 24-hour trading volume. 

Trader Hamza recently backed WIF to advance toward $4 in the coming weeks.

The analyst cited WIF’s bounce from the $1.9 support level but warned that the bullish outlook will be invalidated if it loses that level.

Indeed, traders remain optimistic about the top players in the Solana meme coin ecosystem. However, analysts are also backing new projects to perform well. One of the most promising is the presale token Slothana, predicted to 10X by a leading analyst.

You might also like: New meme coins listings to watch: Pepe, Slothana, Dogwifhat

Analyst Says SLOTH will 10X after IEO

Slothana, the latest edition of Solala’s presale mania, has emerged as a leading contender after raising over $15 million so far.

The sloth-themed meme coin has eclipsed the total raise of earlier presale phenoms, Book of Meme and Slerf, setting a bullish precedent for its upcoming exchange listing.

Adding to the excitement, leading analysts are rallying in support. Prominent commentator Crypto Gains recently speculated that Slothana could “10x at launch” and warned market participants it is “the last chance to get in” at presale.

In a recent video, Jacob Bury also predicted SLOTH could 10x after its IEO.

Analysts are basing these bullish predictions on the relentless success of Book of Meme and Slerf after their presales. BOME reached a $1 billion valuation in two days, and SLERF overtook Ethereum in on-chain trading volume.

But another factor hinting at success for the newest Solana hype is rumors that its team is linked to Smog, another hyper-triumphant Solana meme coin.

Smog soared over 100x after launching in February, peaking at a $270 million market cap. The rumors were galvanized by Smog commenting on Slothana’s first X post when it had less than 50 followers.

Although these factors offer an exciting glimpse into Slothana’s future potential, traders must act quickly because the presale ends in four days.

To learn more about this project, visit the Slothana presale website.

Read more: Slothana token set for DEX listing next week – next Solana meme coin to explode?

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

The U.S. SEC has again postponed its decision on applications for spot Bitcoin ETF options.

According to a recent filing, the SEC delayed its decision to launch options trading on the Bitcoin ETF while requesting public comment. The SEC said comments must be provided within the next 21 days and rebuttals within 35 days.

The agency has questioned whether options on spot Bitcoin ETFs should follow the same rules as stocks.

“Whether options on the specified Bitcoin ETPs should be subject to the same position limits as options on stock, and whether the available supply in the markets for bitcoin should be considered in establishing position limits for options on Bitcoin ETPs.”

SEC filing

A few exchanges have applied to allow options trading on the newly approved spot Bitcoin ETFs, including Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities Exchange LLC, Nasdaq ISE, LLC, and NYSE American LLC.

In April, the SEC also delayed consideration of Grayscale and Bitwise applications to launch Bitcoin options ETFs. The regulator considered it appropriate to assign a longer period to take action on the proposed rule change. The next deadline for the SEC to approve or delay the launch of options-based ETFs is May 29.

In February, Grayscale CEO Michael Sonnenshein announced the need to launch an options market for spot Bitcoin ETFs. Sonnenshein expressed confidence that this product will benefit both retail and institutional investors.

As we look ahead, I think it’s never been more important for the #crypto and ETF communities alike to advocate for the development of a robust listed options market for spot #bitcoin ETFs. Although $GBTC has been in the public market since 2015, it was never accompanied by listed…

— Sonnenshein (@Sonnenshein) February 5, 2024

According to Sonnenshein, companies have a long way to go before the SEC approves this investment product. In terms of complexity, he compared it to launching cryptocurrency ETFs themselves.

You might also like: Grayscale CEO advocates for spot Bitcoin ETF options

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The cryptocurrency exchange landscape is about to shake up significantly with the arrival of the Fezoo Exchange. 

This innovative platform is setting its sights on becoming a leader in the industry, and it has garnered significant support from two prominent communities: Stellar (XLM) and Uniswap (UNI).

Let’s explore how Fezoo Exchange aims to disrupt the status quo and potentially outshine established players like OKX in today’s volatile market.

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Stellar: A focus on fast, borderless transactions

Stellar is a blockchain network designed specifically to facilitate cross-border payments. Stellar boasts fast transaction speeds and low fees, making it a popular choice for international money transfers.

Integrating Fezoo Exchange with XLM could be a game-changer for users seeking a seamless and cost-effective way to trade and swap cryptocurrencies across borders. This integration has immense potential to attract a large user base from the Stellar community who value the efficiency and global reach that XLM provides.

You might also like: Fezoo’s Stage 1 presale becomes a hotspot for Kusama and TRON fans

Uniswap: A decentralized exchange powerhouse

Uniswap is a decentralized exchange that has revolutionized the way users trade cryptocurrencies. Unlike traditional exchanges, Uniswap operates on a peer-to-peer (P2P) model, offering greater control and transparency for users.

Fezoo Exchange’s decision to embrace UNI highlights its commitment to empowering users and fostering a more democratic trading experience. By incorporating elements of DEX functionality, Fezoo Exchange could attract users who value the security and self-custody benefits that DEX platforms offer, potentially giving it an edge over centralized exchanges like OKX as we move forward.

Fezoo Exchange: A feature-rich platform for the future of crypto trading

Fezoo Exchange goes beyond simply offering trading functionalities. It aims to provide a comprehensive DeFi ecosystem, integrating features like lending, borrowing, staking, and margin trading. 

This holistic approach caters to a wider range of investor needs and preferences. Additionally, Fezoo Exchange prioritizes user-friendliness and security, making it an attractive option for both experienced traders and newcomers to the crypto space.

You might also like: Fezoo Exchange eyes growth, rivaling OKX with support from LINK, ALGO fans

OKX faces a worthy challenger

With its focus on innovation, community support from XLM and UNI holders, and a feature-rich platform designed for the future of DeFi, Fezoo Exchange is well-positioned to disrupt the crypto trading landscape.

OKX, a well-established player, will need to adapt and innovate to stay ahead of the curve as Fezoo Exchange enters the scene and users start migrating platforms. The coming months will be interesting to watch as Fezoo Exchange challenges the status quo and carves its path in the ever-evolving world of cryptocurrency exchanges.

Conduct your research effectively and explore Fezoo Exchange and its native token FEZ, to learn more about how it can revolutionize the way you manage your assets and trade cryptocurrencies.

To learn more about this project, visit the Fezoo presale website.

Read more: Fezoo Exchange eyes growth, rivaling OKX with support from LINK, ALGO fans

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

The BNB Chain ecosystem has announced the addition of native liquid staking to BNB Smart Chain.

The BNB Smart Chain (BSC) team has announced that Liquid Staking Integration (LSDFi) is planned for April to early May. 

LSDFi will become one of the stages of preparation for the final shutdown of the BNB Beacon Chain in June 2024. Moving all functions to the BSC will optimize the network, increase efficiency, and reduce security risks.

Staking Opportunities Post-BNB Chain Fusion 🧵👇The upcoming BNB Chain Fusion is set to transform the BNB Chain ecosystem by merging all activities from the Beacon Chain to the BNB Smart Chain (BSC).This strategic move is designed to enhance operational efficiency and… pic.twitter.com/bqeAhAR8yf

— BNB Chain (@BNBCHAIN) April 25, 2024

Users can accumulate LSDFi rewards daily along with earnings from MEV and participation in other decentralized finance (defi) protocols to allow the BNB Chain ecosystem to expand its validator base through triple voting and rewarding partners for liquid staking.

“MEV allows validators to extract additional value from block production. Additionally, post-fusion restructuring will initially triple the voting power for validators, enhancing their block proposal selection chances.”

BNB Chain team

You might also like: BNB Chain launches rollup-as-a-service, supporting custom Layer 2 networks

To standardize MEV solutions, the BNB Chain team introduced proposal BEP-322 for implementing the Proposer Builder Separation (PBS) mechanism on BSC. The standard constructor API allows validators to integrate with multiple tools. The proposal will increase competitiveness and improve the MEV market on the BNB Chain.

According to the previously presented roadmap for 2024, the BNB Chain team will also focus on optimizing state and data storage by implementing the PBSS model and EVM 3.0 among node operators and validators.

The developers will also introduce BNB Greenfield 2.0, which aims to increase network performance, add new features to improve the development experience, and build a more specific data storage and usage infrastructure.

You might also like: BNB Chain to reward meme coin issuers with prizes up to $1m

Yen, the third-most traded fiat currency in foreign exchange markets, has fallen flat against Bitcoin. 

The Japanese yen crashed to a 34-year low as authorities struggled to stem hyperinflation in the economy. According to Bloomberg, Japan’s sovereign fiat money suffers mainly due to a difference between local interest rates and U.S. Federal Reserve rates. 

While the Japanese government navigates this conundrum, Bitcoin (BTC) has outstaged the yen in direct monetary value. On April 25, Google Finance showed that one Japanese yen equaled zero BTC. 

Japanese yen against BTC chart | Source: Google Finance

In February, BTC rallied against several fiat currencies and achieved all-time highs in some 14 countries as the industry buoyed off euphoria from the newly approved spot BTC ETFs.

You might also like: Glassnode: Bitcoin’s issuance rate sinks lower than gold’s after fourth halving

Crypto community reacts to Bitcoin-yen 

Following the news, much of the sentiment on social media praised Bitcoin as “sound money” and innovation capable of fostering financial freedom from the global traditional economic bubble. 

Users reiterated what BTC maxi Michael Saylor describes as “Bitcoin’s superior design,” a nod to Satoshi Nakamoto’s system that ensured that only 21 million BTC would exist. 

It is impossible to exceed this cap as it is hard-coded into BTC’s blockchain. A halving ensures that inflation is controlled by reducing the number of new tokens in circulation. The halving occurred last week, with Bitwise CIO Mat Hougan opining that the event would largely benefit BTC’s market value in the long term. 

Same for dollar https://t.co/VOJFZXPypr

— Ivan Sherbakov (We’re hiring!) (@sherbakov_btc_) April 25, 2024

Read more: Bitwise CIO: Bitcoin halving is ‘buy the news’ event

The Bitcoin funding rate has gone negative for the first time since October 2023.

Citing data from CryptoQuant, the negative rate traders pay to open new long positions in the perpetual futures market underscores the moderation of Bitcoin demand after a record demand for BTC in March.

In March, the price of Bitcoin reached a new all-time high at $73,000. However, BTC has since corrected by almost 13%, trading at $63,400 at the time of writing, according to CoinMarketCap.

You might also like: How to earn Bitcoin: mining, trading, and more

CryptoQuant notes that net inflows into spot Bitcoin ETFs have decreased recently. The Bitcoin halving has reduced miner rewards, decreasing traders’ desire to open long positions.

“It certainly means that the desire for traders to open long positions has eased.”

Julio Moreno, CryptoQuant’s Head of Research

Buyer enthusiasm for BTC has also cooled, in part due to rising risk aversion related to tensions in the Middle East and expected delays in Federal Reserve rate cuts.

The funding rate cut coincides with a decline in daily inflows into U.S. spot Bitcoin ETFs. On April 24, the net daily capital outflow in the spot Bitcoin ETF sector amounted to $120.64 million. Only two crypto funds received an influx of capital: Fidelity Bitcoin Spot ETF (FBTC) with $5.61 million and the ARK Invest/21 Shares Bitcoin fund at $4.17 million.

You might also like: Santiment: Bitcoin whales accumulated 266k BTC since January

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Dogwifhat experiences a 20% drop, but can it make a market comeback? Meanwhile, KangaMoon, an Ethereum-based meme coin, sees 290% price growth.

Following a 20% decline in its price, Dogwifhat (WIF) holders are now uncertain about the future. Meanwhile, an Ethereum-based meme coin, KangaMoon (KANG), has shown tremendous strength. This Stage 5 presale star has already soared by 290% from its start. In addition, numerous analysts hint that KANG may even become the next $1 meme coin in 2024.

You might also like: Crypto Rover suggests altcoins will surge: Chainlink, Floki, KangaMoon soar

Flow Horse: The Dogwifhat price pump will be strong

Dogwifhat has been experiencing some turbulence. According to CoinMarketCap data, the Dogwifhat price fell from $3.33 to $2.27 in the past seven days – nearly a 20% drop. This meme coin’s market cap also sank from $3.32B to $2.93B in that time. However, crypto analyst Flow Horse remains bullish, predicting that WIF’s next pump will be strong.

The technical analysis for the Dogwifhat coin also supports this prediction. For instance, there are now 15 technical indicators in the buy zone for Dogwifhat. When making their Dogwifhat price predictions, experts in the crypto field note all these factors. As a result, they forecast a potential jump to $3.39 once more for WIF within Q2 of 2024.

You might also like: Altcoin Sherpa remains bullish for BTC, while Dogwifhat, KangaMoon surge

KangaMoon: A promising meme coin to invest in

On the other hand, an Ethereum-based meme coin named KangaMoon has recorded a 290% price growth. This rising presale sensation has already obtained over $5M and will reach $7M before April 2024 ends. With so many funds already raised, it could rival meme coin titans like Shiba Inu or Dogecoin once KANG launches.

Unlike most meme coins, such as Dogwifhat, which are hype-driven, KangaMoon brings something new—utility. To clarify, KangaMoon will launch a Play-to-Earn (P2E) game where KANG will serve as the main in-game currency. Gamers will be able to buy in-game items and upgrade their characters with this meme coin.

In addition, KangaMoon stands out as it rewards its most engaged community members with free KANG tokens before its official launch. This development strongly emphasizes community involvement. Therefore, KangaMoon has seen a massive increase in community activity, as over 20,000 members are now liking, sharing, and retweeting social media posts.

In Stage 5 of its presale, this innovative meme coin is worth just $0.0196, starting at $0.005 – representing a 290% surge. With such deep ties into the P2E gaming industry expected to grow to $885M by 2028, experts predict impressive gains for KANG. They forecast a rise to $1 once a Tier-1 CEX lists this meme coin in Q2 of 2024.

Can KangaMoon outshine Dogwifhat?

KangaMoon could quickly overtake Dogwifhat because it has a market cap of $19.6M. This means that KANG only needs another $19.6M for its current price to double. 

With this advantage, KangaMoon could become one of the meme coin titans. If interested in this meme coin, sign up for its presale using the links below and obtain a 10% bonus on each purchase.

Website   Telegram 

Read more: Crypto coins to consider ahead of Bitcoin halving: TRX, SOL, KangaMoon

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Learn how to earn Bitcoin (BTC) through mining, trading, freelancing, airdrops, and incentivized social media.

Following the SEC’s approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. in January, the world’s largest cryptocurrency by market cap has increasingly become more popular. Many may want to own a piece of Bitcoin, but with it currently priced at more than $65,000, buying the cryptocurrency is outside many people’s reach.

However, there are several ways to earn Bitcoin and slowly grow your stash over time. In this article, we look at some of these methods. 

Table of Contents

Getting started

Earning Bitcoin through mining

Participating in Bitcoin faucets

Bitcoin trading

Freelancing

Participating in airdrops

Incentivized social media

Video streaming platforms

Final thoughts

Getting started

Before embarking on your Bitcoin-earning journey, you’ll need to open a Bitcoin account where you can store the funds you earn. Bitcoin accounts, or wallets, are software applications or physical devices that allow you to send, receive, and store Bitcoin.

Once that is in place, you can start actively exploring the Bitcoin earning methods we’ve outlined below.

Earning Bitcoin through mining

Bitcoin mining is the process of validating transactions and adding them to the Bitcoin network. In the process, miners compete to find a specific solution for a complex mathematical problem using powerful computers. 

Whoever solves the problem first gets to validate and add the transaction block to the blockchain. In return, they get rewarded with new Bitcoins as well as the transaction fees paid by users. 

Bitcoin mining was one of the few surefire ways to earn Bitcoin during the early days of cryptocurrency. However, Bitcoin halvings have reduced the reward miners get for validating transactions.

Combined with increased mining difficulty and the need for expensive mining rigs with huge energy requirements, mining Bitcoin on your own is no longer commercially feasible. However, you could opt to join a mining pool. In that way, you can combine your computational power with others and get rewarded based on your contribution.

Participating in Bitcoin faucets

Those wondering how to earn Bitcoin free could use a crypto faucet. This is a platform that allows you to earn small amounts of Bitcoin (or satoshis, the smallest unit of Bitcoin) in exchange for doing micro tasks like playing a game or watching a short ad. While small, the rewards can eventually accumulate into something more substantial over time.

How do crypto faucets work?

You need to create an account on the crypto faucet platform and connect it to an existing crypto wallet. These platforms are typically available either in your browser or as a mobile app. 

Once you have an account, you can start earning fractions of Bitcoin by completing small tasks, such as playing simple games, reading articles, watching short videos, or completing surveys. You can also earn extra rewards by inviting a friend through a referral link or code.

After you have accumulated enough rewards to reach a minimum threshold, you can send them to your crypto wallet.

Examples of crypto faucets

Some popular crypto faucets include Coin Hunt World, a geo-location game that lets you earn Bitcoins by physically exploring the city you live in, and Cointiply, which lets you earn crypto rewards by taking surveys or watching videos. 

Bitcoin Aliens is another popular faucet. It is an adventure game available on mobile that allows you to earn satoshis with each milestone you reach in-game.

Bitcoin trading

Faucets may allow you to earn free Bitcoin, but they are inordinately slow for someone looking to make large sums quickly. For those interested in how to earn Bitcoin fast, you may do so through trading. There are several ways to go about it, including day trading, swing trading, and arbitrage.

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Day trading: Here, you take advantage of the extreme, short-term volatility in the crypto market, including both upward and downward trends. Instead of holding your coins long-term, you enter and exit the market daily, aiming to profit from short-term price fluctuations. 

This method of earning Bitcoin requires you to not only constantly monitor the market but also to have a good knowledge of the cryptocurrency, its trading strategies, and an understanding of its technical analysis. 

Swing trading: This method focuses on holding a position for a slightly longer timeframe, usually several days to a few weeks. As a swing trader, you’ll need to use technical analysis such as moving averages (MA) or relative strength indexes (RSI) to identify established trends and pick potential entry and exit points.

Arbitrage: Here, you look to capitalize on slight discrepancies in the price of Bitcoin across multiple crypto exchanges. Your goal will be to buy the coin at a lower price on one exchange and sell it very quickly on another exchange where the price is slightly higher.

Whichever method you use in your Bitcoin trading, if done well, it should see you earn coins in the long or short run. 

However, you must also be aware of the risks that come with Bitcoin trading, including high-stress levels, limited coin availability on popular exchanges, and, of course, the risk of significant loss due to the crypto market’s ultimately unpredictable nature. Profits are never guaranteed in BTC trading.

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Freelancing

According to data from the World Bank, about 46.7% of workers worldwide are freelancers. That is 1.57 billion people out of a global workforce of about 3.38 billion. Furthermore, freelancing on digital platforms has grown in the last few years, and its value is projected to cross the $9 billion mark by 2027.

Source: World Bank

It not only underscores the lucrative prospects inherent in freelancing for crypto but also positions the freelance cohort as potential catalysts in driving wider adoption of digital currencies.

Exploring freelancing platforms embracing crypto payments

While giants like UpWork and Freelancer.com continue to dominate the digital freelancing arena, a select few crypto-centric platforms are witnessing a surge in popularity as more freelancers seek to diversify their income streams with cryptocurrency.

One example is BitGigs, a Bitcoin jobs board that offers an extensive array of short-term tasks and gigs, reminiscent of Fiverr. Here, you can offer your skills as a content writer, SEO pro, or graphic designer, among other services, and get paid in Bitcoin or other cryptocurrencies. 

Another is Jobs4Bitcoin, a subreddit that bills itself as the biggest online BTC job platform. It’s a good platform for freelancers, especially given how active the Reddit crypto community is.

Telegram is also awash with channels offering gigs that pay in crypto.

However, even as you venture onto these platforms, it is advisable to always be wary of scammers and insist on some escrow service before agreeing to do a job.

Participating in airdrops

An airdrop is a marketing strategy used by blockchain and crypto-related ventures to reward supporters and entice new users by distributing complimentary tokens.

The process usually involves a project outlining the eligibility criteria for participation in the airdrop, which could include owning a specified amount of their tokens, being an active member of their community, or simply registering on their platform. 

Once the prerequisites are fulfilled, you will receive your tokens directly in your digital wallet. The magnitude and value of these airdrops can fluctuate considerably, ranging from modest token allotments to substantial windfalls.

After receiving your coins, you can then exchange them for BTC at a crypto exchange and continue growing your Bitcoin stash.

To find new airdrops, you can check websites such as DappRadar and Airdropalert, which track and catalog ongoing and upcoming airdrops. Furthermore, you can keep tabs on crypto projects and influencers across platforms like X, Telegram, and Reddit, which have vibrant crypto communities.

Airdrop examples | Source: Airdropalert

However, you must be aware of crypto airdrop scams. Crafty scammers are exploiting airdrops to hoodwink unsuspecting participants and gain access to their crypto wallets.

Telltale signs of crypto airdrop scams include unsolicited emails or social media messages promising free tokens for minimal exertion. Additionally, scammers may impersonate prominent projects or influencers to make their scams look legit.

Therefore, as attractive as the thought of getting free crypto might seem, always be skeptical, stay vigilant, and do as much research as possible before participating in an airdrop.

Incentivized social media

These are online social networks that reward users for their participation and contributions. Unlike traditional social media, where users engage without direct financial benefit, incentivized platforms offer various ways to earn rewards, often in the form of cryptocurrency.

You can create and share content on these platforms, including articles, videos, or images, and receive rewards based on their quality and popularity. You can also earn tokens by participating in activities like commenting, posting, or sharing. 

These tokens can then be held as investments, sold off, or swapped for Bitcoin on crypto exchanges.

You can consider several platforms in your quest to earn Bitcoin from incentivized social media. One such example is Steemit, which allows users to earn STEEM tokens through content creation and curation while also incentivizing activities such as sharing thoughts, posting images, and interacting with others. 

Video streaming platforms

Another option for earning Bitcoin is by watching videos on decentralized streaming platforms. Like incentivized social networks, these platforms reward users with cryptocurrency for activities like sharing, watching, liking, or commenting on videos.

A popular example of such a platform is DTube. While similar to video-sharing websites like YouTube, DTube is based on blockchain technology and allows users to share content and interact with others. 

The service leverages the Steem blockchain to reward video creators and viewers. The more you post videos and engage with the community, the more you can earn STEEM tokens, which you can convert to Bitcoin or other cryptocurrencies.

However, while decentralized video streaming platforms offer Bitcoin earning opportunities, they are still evolving. They may not have as much content as on more established traditional video platforms, and their interfaces may be clunkier and less intuitive. 

Additionally, for those that may get easily offended, some of these platforms have no means to censor videos, given the distributed nature of their infrastructure; therefore, some offensive or inappropriate content may find its way onto the websites. 

Final thoughts

We have shown you where to earn Bitcoin. Whether through mining, trading, freelancing, participating in airdrops, or engaging in incentivized social media, these avenues are diverse and evolving.

That said, when it comes to growing your crypto assets, it’s important to diversify your portfolio. This ensures that you balance the risks and rewards of investing both your crypto and your time.

For those strategies that do not directly pay in BTC, you can always trade in whatever cryptocurrency you earn for some Bitcoin on an exchange.

Additionally, don’t forget to always do your own research before engaging in any purported crypto-earning activity. Remember to stay informed, to be vigilant against scams, and to be open to new possibilities.

Read more: What are meme coins?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Mega Dice’s new DICE token surpasses $500K in presale, poised to change GameFi as the leading token in gaming.

Mega Dice token, a new cryptocurrency launched by the prestigious Mega Dice casino, has recently surpassed $500K in its presale. The new DICE token is part of Mega Dice’s broader gamification layer and will be integral in rewarding existing casino users and attracting new ones.

Mega Dice is set to become the only crypto casino that offers daily rewards to its users based on the platform’s success.

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Track record and user base hint at big potential

The Mega Dice casino is a revenue-generating machine with a name already entrenched in the crypto gambling circuit. With over 50K users, 10K active players, and $50 million in monthly wagers, this juggernaut casino presents an exciting opportunity with its new gamification layer.

DICE incentivizes holders with a slew of perks and exclusive benefits. An airdrop giveaway worth $2.25 million will be divided over three rounds. Limited edition NFTs, early bird bonuses, a referral program, and in-game advantages are also available for holders.

These advantages will surely be a hit with casino players considering its expansive ecosystem of over 4,000 games, 60 live games, and sports book events.

Mega Dice’s airdrop aims to stimulate platform activity, with users who wager over $5K in a 21-day window gaining eligibility. Learn more about the new presale and Mega Dice’s broader ecosystem on its X or Telegram channels.

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Online gambling is booming, reflected in GameFi prices

Opportunity awaits brave traders who enter the emerging GameFi industry while it remains in its early stages. Statistic data projects that the online gambling sector’s annualized revenue could soar to $136 billion by 2029, equating to a compound annual growth rate (CAGR) of 6.2%.

The market analysis also shows the amount of online gambling users will exceed 280 million by that time. Given crypto gambling’s tangible benefits like anonymity, faster transactions, instant withdrawals, and global accessibility, it is no surprise that related tokens are witnessing outsized success.

Market-leading casino token Rollbit has a $419 million market cap but peaked at over $700 million in November 2023 – a 27,000% increase from its price in 2022.

On the other end of the spectrum, traders are also displaying an appetite for newer casino tokens, with the recently launched Scorpion Casino crypto exploding 3x out of the gate. But with its benefits, Mega Dice token boasts a more promising launch environment than any other project.

History says Mega Dice token investors could win big

Its most celebrated new feature is daily crypto rewards based on the casino’s success. This is a first-of-its-kind, empowering holders and exposing them to the uber-profitable casino industry machine.

However, this is not the first time Mega Dice has stood at the industry’s forefront of inventiveness In 2023, Mega Dice made the firecracker move of launching the first fully licensed Telegram casino. 

This was a win-win, opening the application’s 900 million users to the benefits of GameFi,  while providing Mega Dice with recognition in the industry’s leading media outlets like Cointelegraph.

Its new token looks to continue its momentum, but time to buy at presale is limited. The current price is $0.069, but it will rise when 14.7 million DICE are sold. So far, the figure is 7.3 million.

To learn more, visit the Mega Dice Token presale.

Read more: Bitcoin halving will bring mass adoption to web3 gaming | Opinion

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

The SEC is anticipated to deny applications for spot Ethereum ETFs following discouraging meetings with issuers.

The U.S. Securities and Exchange Commission (SEC) is expected to reject applications for spot exchange-traded funds (ETFs) tied to the price of Ethereum, the second-largest crypto by market value. According to a Reuters report, U.S. financial firms don’t expect spot Ethereum ETF approval to happen in May, citing discouraging meetings with the watchdog in recent weeks.

Thus far, VanEck, ARK Investment Management, and seven other issuers have submitted filings with the SEC to list spot Ethereum ETFs. The SEC is required to make decisions on VanEck’s and ARK’s filings, which are the first in line, by May 23 and May 24 respectively, the report notes.

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However, according to Reuters, the recent meetings between issuers and the SEC have been described as one-sided, with agency staff not engaging in substantive discussions about the proposed products. The people say the lack of engagement contrasts sharply with the extensive and detailed discussions that took place before the SEC gave the green light to spot Bitcoin ETFs earlier in January.

The lack of engagement has led many to believe that the SEC is likely to reject the filings, as its staff didn’t articulate specific concerns or ask questions during the meetings, the sources say. It’s worth noting that the SEC’s rejection of spot Bitcoin ETFs in the past was due to concerns about market manipulation. Nonetheless, the agency was still forced to approve them after Grayscale Investments won a court challenge, demonstrating that its proposed spot Bitcoin ETF closely resembled the previously approved Bitcoin futures ETFs.

Read more: U.S. SEC delays Grayscale spot Ethereum ETF

A digital pound has been touted as a cheaper, faster, and more modern way of making payments — but not everyone’s in love with the idea.

The U.K. recently doubled down on its pledge to become a “global hub” for crypto — an attempt to entice companies frustrated by a lack of clear regulation elsewhere. Those plans are being pursued with some urgency and could be finalized this summer.

But there’s another area where the country is dragging its heels: whether or not to launch a central bank digital currency (CBDC.) It’s been informally given the nickname “Britcoin” — a clever play on words we’re sure you’ll agree — even though it would be vastly different to the volatile cryptocurrencies dominating the market.

The Bank of England has admitted that a digital pound is “likely to be needed” as Britons go increasingly cashless, but is yet to definitively decide whether to develop one. Consultations have taken place to explore the pros and cons of a CBDC, with economists working on a prototype as we speak.

Setting out the potential benefits, the Bank of England even created a graphic that shows how it could replace coins and banknotes:

Source: Bank of England

Other touted benefits include faster and cheaper payments for consumers and merchants alike — as well as the ability to only release funds when goods and services are delivered.

Given a general election has to be held by January 2025 — and it seems almost certain that the Conservatives will lose — it’s worth looking at what Labour, the party tipped to win, thinks of Britcoin. In a recent document setting out its financial policies, it said:

“Labour fully supports the Bank of England’s work in this area, and wants to ensure that issues such as threats to privacy, financial inclusion and stability are effectively mitigated.”

Labour Party

That sentence neatly touches on several major concerns that critics have about Britcoin.

For one, some MPs and industry experts have raised fears that a digital pound could be used to monitor how consumers spend their money — or even restrict the purchase of everything from flights to red meat. In written evidence to the House of Commons Treasury Committee, the Electronic Money Association trade group warned:

“The prospect of having one’s every transaction observed, stored and analysed in perpetuity is dystopian, and yet within reach. Users’ right to conduct their lives in a modicum of privacy must be maintained in an open civil society, with compromises made only where the financial crime risk warrants such transparency.”

Electronic Money Association

While you could argue that this amounts to fear-mongering and a touch of exaggeration, China has already shown how this can work in practice. Beijing has been streets ahead of developed economies with its rollout of the digital yuan — with People’s Bank of China governor Yi Gang admitting the e-CNY intends to offer controllable anonymity.

Financial inclusion is another concern. More than three million British consumers still rely on cash in their day-to-day lives. Yet, at the same time, ATMs have become harder and harder to find — with some retailers now refusing to accept banknotes altogether. A digital pound may be of little comfort to older Britons who haven’t embraced technology, with research from Age UK indicating that 2.7 million over-65s do not use the internet. While the Bank of England has stressed that a CBDC wouldn’t replace coins and banknotes, and both would continue to be available, this could hasten the switch to a cashless society.

The Treasury Committee’s report went on to warn that the impact on financial stability is unclear — and Britcoin could “increase the risk of bank failures” by making it easier to move funds out of institutions in distress. Limits on CBDC balances have been presented as a potential workaround here.

Overall, there doesn’t seem to be all that much enthusiasm for Britcoin — a clear point of difference that makes it superior to the status quo of contactless payments. Even the Treasury Committee’s report openly wondered whether this CBDC was “still a solution in search of a problem.”

Globally, a recent survey by the CFA Institute indicated that the vast majority of respondents didn’t want their central bank to launch a digital currency — and wouldn’t use it if they did:

Source: CFA Institute

Britcoin is unlikely to materialise for years to come — if it ever does at all. Achieving mainstream adoption would involve a huge awareness campaign, eye-watering investment in new infrastructure, and extensive work to assuage the concerns of critics.

And with the U.S. and EU also failing to make cast-iron commitments on whether they’ll roll out digital dollars and euros, we could see privately issued stablecoins fill that void and establish market dominance instead.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Amid market shifts, XRP and ETH communities capitalize on the Kelexo Stage 2 presale, highlighting its promise in the burgeoning defi sector.

The burgeoning Decentralized Finance (defi) space is witnessing a surge of interest in Kelexo (KLXO), a peer-to-peer lending platform built on the Ethereum (ETH) blockchain. 

This excitement coincides with the launch of Kelexo Stage 2 presale, attracting investors, particularly those holding established cryptocurrencies like Ripple (XRP) and Ethereum (ETH). Let’s explore the factors driving this influx and Kelexo potential to disrupt defi lending.

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Ripple vs. SEC 

For years, Ripple and SEC have been battling in court – Ripple Labs countered the SEC’s push for a $2 billion fine with a claim that it should only be liable for around $10 million, citing what it sees as evidence of the SEC’s “ongoing intimidation” toward the crypto industry. 

The legal battle between Ripple and the SEC stems from allegations that Ripple raised $1.3 billion through the sale of Ripple, deemed an unregistered security by the SEC.

Despite a previous ruling by Judge Analisa Torres in New York, which deemed some of Ripple sales as not violating securities laws, the disagreement persists, with Ripple maintaining its confidence in a fair resolution in the final remedies phase. 

This back-and-forth court battle has stalled the potential growth of Ripple, a decentralized payment provider, faster than existing solutions for institutions globally using its native cryptocurrency. However, its investors are flocking to Kelexo Stage 2 presale for potential profit opportunities.

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Ethereum price movement and Ethereum ETP outflows

Ethereum price is at $3,181 and getting ready for a potential rally. Despite Ethereum ETPs recording significant outflows of $85 million in April, the cryptocurrency’s recent price movement suggests a potential rally, buoyed by factors such as the fourth Bitcoin halving and heavy buying from wallets suspected to be owned by Justin Sun. 

While Ethereum whales, including the suspected Sun wallet, have been accumulating large amounts of Ethereum, investors in Ethereum ETPs have been selling off, with $34 million in outflows recorded in the past week alone.

This contrasts with Bitcoin, which saw $333 million in inflows likely driven by its recent halving. Speculation surrounds a potential approval of a spot Ethereum ETF in May, with some suggesting that the SEC may aim to avoid the controversies seen with Bitcoin ETF approvals earlier in the year.

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Kelexo Stage 2 presale

Kelexo (KLXO) is an Ethereum-based peer-to-peer lending platform offering asset-backed short-term loans, currently in its second stage of presale where tokens are available at $0.055 each. Interested investors can register on the website to participate in the presale, which consists of five stages with increasing token prices. 

Following the completion of the presale, tokens will be airdropped to investors’ wallets and they will receive a 20% weekly return for five weeks starting from the project’s launch. With the presale projected to sell out within 90 days, early investors have an enticing opportunity to engage with Kelexo and potentially benefit from its future market expansion. 

Ripple and Ethereum holders can leverage Kelexo in several ways:

● Users can earn interest on their holdings by supplying Ripple or Ethereum to the lending pool.

● Users can borrow against their existing Ripple or Ethereum holdings to access additional capital without needing to sell their assets.

● Exposure to emerging defi projects

To learn more, visit the Kelexo website.

Read more: Whale invests $1m in Kelexo as analysts predict dips for ETH, XRP

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Fezoo Exchange gears up for significant expansion, challenging OKX with robust support from LINK and ALGO investors.

The Fezoo Exchange has garnered significant interest during its presale, particularly from enthusiasts of two prominent blockchain projects: Chainlink (LINK) and Algorand (ALGO). It is quite unusual for a new exchange to garner such support in its early days.

Let’s explore why these communities are backing Fezoo.

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Chainlink powers a more secure and transparent defi future

Chainlink is a decentralized oracle network that plays a vital role in the defi ecosystem by providing secure and reliable data feeds to smart contracts. However, Chainlink integration with traditional exchanges comes with many limitations.

Fezoo Exchange’s presale participation by LINK holders suggests a desire for a trading platform that seamlessly integrates with Chainlink’s oracle services. This will enable more sophisticated defi applications and potentially enhance the security and transparency of trades on the Fezoo Exchange.

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Algorand scalability and sustainability attract investors

Algorand is a blockchain platform known for its fast transaction speeds, low fees, and commitment to long-term sustainability. These features are becoming increasingly important for investors seeking efficient and environmentally friendly blockchain solutions. Fezoo Exchange’s integration with ALGO could attract users who value these qualities.

Additionally, Fezoo’s focus on defi functionalities could potentially create new use cases for ALGO within the Fezoo ecosystem, further incentivizing Algorand holders to diversify their investments.

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Fezoo Exchange presents a feature-rich platform

Fezoo Exchange aspires to be more than just a trading platform. It aims to be a comprehensive defi hub, offering functionalities like lending, borrowing, staking, and margin trading. Fezoo aims to be a one-stop shop for cryptocurrency investors by offering a variety of features that cater to different needs and experience levels. 

They prioritize user-friendly interfaces and strong security, making Fezoo attractive to both seasoned traders and those new to the crypto world.

A potential paradigm shift in crypto trading

The strong support from Chainlink and Algorand holders during Fezoo’s presale highlights the platform’s potential to disrupt the status quo going forward.

By offering secure and transparent trading experiences powered by Chainlink oracles and catering to the need for scalability and sustainability with Algorand’s integration, Fezoo Exchange positions itself as a strong competitor to established players like OKX.

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Conclusion

With its focus on inventiveness, feature-rich defi platform, and backing from influential blockchain communities, Fezoo Exchange is on the run to growth. Traditional exchanges like OKX will need to innovate and adapt to compete in this new era heralded by the arrival of Fezoo Exchange. Thus, as the crypto trading landscape continues to shift, Fezoo Exchange is a platform to watch closely. 

To learn more, visit the Fezoo’s website.

Read more: Fezoo’s potential 2000% surge attracts Fetch.AI & Lido DAO investors

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

a16z crypto’s CTO, Eddy Lazzarin, warns that memecoins are reshaping perceptions of the market, likening their resemblance to a risky casino.

Memecoins are more akin to a “risky casino” than to a useful product, as they badly affect the crypto market by making a series of “false promises,” according to a16z crypto’s CTO, Eddy Lazzarin, who shared his thoughts on the sector in X posts.

Memecoins alter how the public, regulators, and entrepreneurs see crypto. At best, it looks like a risky casino. Or a series of false promises masking a casino.This deeply affects adoption, regulation/laws, and builder behavior.I see the damage every day. You should too.

— Eddy Lazzarin 🟠🔭 (@eddylazzarin) April 24, 2024

Lazzarin highlighted the transformative impact of memecoins on the public, saying memecoins “alter how the public, regulators, and entrepreneurs see crypto.”

“At best, it looks like a risky casino. Or a series of false promises masking a casino.”

Eddy Lazzarin

Additionally, Lazzarin expressed concerns about the detrimental impact of memecoins on the industry, stating, “I see the damage every day.”

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In a separate post, Lazzarin addressed the fluctuating interest in memecoins, expressing optimism about the development of real products and protocols in the crypto space. However, he cautioned against dismissing the negative consequences of memecoins, stating “we shouldn’t pretend that the casino doesn’t set us back.”

Lazzarin’s statements coincide with reports indicating increased hedge fund interest in memecoins as vehicles for quick profits. According to a Bloomberg report, California-based hedge fund Stratos introduced a fund that includes Dogifwhat, a memecoin featuring a dog mascot, which contributed to a 137% return for the fund in Q1. Additionally, sources reported that Brevan Howard, a New York-based alternative investment manager, has made a “tiny” investment in the memecoin market, although specific details weren’t disclosed.

Read more: A16z co-founder backs crypto startup from Goldman Sachs, BlockTower ex-staff