TLDR

Toncoin (TON) could return to $7 if the market recovery continues.

Pepe has also dropped in mid-April.

NuggetRush (NUGX) has raised $3.8 million from selling presale tokens.

Notcoin’s launch indicates growing GameFi activity on Toncoin (TON). Pepe’s demand has also soared, leading to talks of a quick price recovery.

NuggetRush’s (NUGX) gaming spectacles continue to pull investors toward the P2E industry. Many gamers are eager to collect gold and NFT prizes from NuggetRush’s (NUGX) ecosystem. Yet, can it become one of the top DeFi projects? Let’s discuss.

>> Buy NuggetRush Now <<

 

Toncoin’s Community Celebrates Notcoin’s Upcoming Token Launch

Toncoin’s (TON) gaming ecosystem is super excited over the upcoming launch of Notcoin’s token. Like many top altcoins, gaming activity on Toncoin (TON) has grown in 2024. In March, Notcoin, a telegram-based game, announced that its total user count had grown to 30 million. This rise coincided with the increase in Toncoin’s (TON) network activity.

Furthermore, it coincides with Toncoin’s (TON) price surge in April. TON traded at $4.0824 on March 12. It rose by 31.43% to $5.3658 on March 25. TON surged by 35.14% to $7.2521 on April 11 before falling by 6.75% to $6.7625 on April 14.

Analysts expect the surge in Toncoin’s network activity in April to continue till the end of Q2 2024. On April 12, Toncoin (TON) announced that the number of smart contracts on its network had doubled over the past month. Analysts expect this trend to continue, pushing TON’s value up by 6.80% to $7.2224.

 

Pepe Holders Hope For Big Things Following its New Listing on Coinbase

Pepe has become one of the most in-demand top meme coins in the crypto industry in April. Demand for Pepe tokens has remained high despite a recent market drop that reduced the growth momentum of many bullish altcoins. On-chain reports show that Pepe’s market capitalization surged to $4.2 billion in mid-March.

However, Bitcoin’s fall from $71,000 in the second week of April has affected Pepe’s momentum. PEPE traded at $0.000008918 on March 15. It fell by 8.91%, reaching $0.000008123 on March 30. Pepe dropped by another 8.22% to $0.000007455 on April 7 before a 27.08% decline to $0.000005436 on April 14.

Coinbase’s off-shore arm has announced a decision to list PEPE Futures. Analysts say the decision reflects growing demand for PEPE outside the USA. Furthermore, they say PEPE could rise by 66.40% $0.000009046 if demand for its tokens remains high.

 

Investors Flock to NuggetRush as its Early Supporters Jubilate over a 100% Increase

NuggetRush (NUGX) is now the main feature on crypto news sites as many investors dump other gaming tokens in favor of NUGX’s growth potential. After a 100% value surge in its presale, many analysts now say NuggetRush could become one of the top crypto coins. NuggetRush is all about the adventures of artisanal mining. 

It features a range of tasks that will get players digging and searching for valuable collectibles. NuggetRush (NUGX) pays tribute to the joys of artisanal mining, giving players excitement and high-value rewards. Joining its ecosystem will show you the ropes of artisanal mining while making you eligible for high-value gold rewards. 

NuggetRush’s (NUGX) gameplay will have you running a business built around the sale of mineral resources. You will get the full range of mining adventures, including soil survey, worker recruitment, mineral resource sales. NuggetRush (NUGX) also offers collaborative opportunities.

It features tasks that allow group participation while giving shared rewards and individual mining efficiency boosts. 

Some rewards include extra workers, machinery, special collectibles, and rare gems. NuggetRush (NUGX) allows players to sell these assets among colleagues on its marketplace. Gamers can also win up to 20% APY rewards for participating in NFT staking.

NuggetRush’s mining game will soon launch officially. The project has already raised over $3.8 million from selling presale tokens. Its value rose to $0.020, growing by 100% since its presale went live. NUGX currently trades at $0.020. Yet, analysts expect its growth to skyrocket in 2024.

Visit NuggetRush Presale Website

 

 

The post Toncoin And PEPE Investors Taken By Surprise By This Expert’s Wild NuggetRush Prediction: Is This The Next Big Coin To Hold? appeared first on BitcoinWorld.

The nearing event of Bitcoin halving would drive Bitgert Coin toward significant changes in its market dynamics. It might bring changes in investor sentiment and market liquidity that might derive Bitgert towards positive visibility. The stakeholders should be able to keep notice of these shifts for better strategies.

What is Bitcoin Halving?

Bitcoin halving is a programmed technical process to reduce the reward for mining new blocks by half; it was included in the Bitcoin network every four years. This is one of the consensus rules of Bitcoin and the most complex form of enforced limitation on the total supply of Bitcoins, which amounts to 21 million.

Originally, the reward was 50 bitcoins for mining a block. After the first halving in 2012, this reward was cut to 25 bitcoins, and it has halved subsequently every four years. Halving, therefore, is a way to control the speed of the addition of new bitcoins to the system much in the same way as a method to model the rarity and deflationary nature of metals.

This declining supply schedule leads to the heightened rarity of Bitcoin; the only consequent thing this can create is pushing its value upwards if either the demand remains constant or increases.

Technically, a halving occurs every 210,000 blocks mined, and historically, this has happened about every four years. This is very important for the predictability of the decline in supply, as it directly influences miners’ profitability, which further influences the security and decentralization of the network.

See ALso: JUST IN! Coinbase Announces It Will List A New Altcoin – Omni Network (OMNI)

Introducing Bitgert

Bitgert (BRISE) is a versatile crypto product on the blockchain that includes a wallet, audits, swaps, a staking platform, Bitgert exchange, and its blockchain—notable developments within 200 days of being born.

Bitgert rewards its holders with staking rewards in BUSD and introduces buy-back functionality to assist in price appreciation and give a sense of scarcity to holders.

Currently, Bitgert tokens can be traded on various platforms, with PancakeSwap (v2) being the most active. Meanwhile, Bitgert’s trading volume over the past day has decreased and is equal to $1,909,865, which is also lower than its average.

Though not quite close to that all-time high value of March 2022, the present price of BRISE depicts extraordinary growth from its all-time low, showing a volatile but possibly lucrative investment.

Bitgert’s current market cap is at $66,121,173, and the fully diluted valuation stands a bit higher at $71,364,123. Hence, this difference indicates growth if all tokens are to be issued with long-term prospects.

On the other hand, in a Bitcoin halving event, which usually augments the interest and the prices in the crypto market, Bitgert might be a beneficiary under such a scenario. The halving may lead to increased investment in altcoins like BRISE as investors look to diversify their portfolio in search of yield and growth beyond Bitcoin, especially with Bitgert’s array of offerings and reward mechanisms.

The Bitgert Prophecy: To Grow Or Not?

Overall, Bitgert and Bitgert-like nascent altcoins are poised to grow and gain much in the scope of halving. If you are one of the Bitgert enthusiasts, now is the time to place your bets in. However, we always recommend checking vetting sites for the latest Bitgert-related news before deciding your final put.

 

The post What to Expect from Bitgert Coin After the Bitcoin Halving appeared first on BitcoinWorld.

Seasoned investors are finding it difficult to ignore BEFE coin as there are a lot of possibilities that make its price rise over every project out there.

Most altcoins today do have a volatile nature and that’s because of their inability to maintain a constant value in rising. This is where the BEFE coin comes differently, as the availability of innovative technology that enables fast speed and security allows it to be a steady token in the market. Seasoned investors are finding it difficult to ignore BEFE coin as there are a lot of possibilities that make it an advantage over every project out there.

Interestingly, crypto coins that have succeeded could achieve their aims because there’s consistent hype around them. This is what the BEFE coin guarantees investors, as its dedicated community of supporters and developers makes the constant hype to ensure it doesn’t lose value in the market. Aside from this, let’s take a look at some other factors that are contributing to the BEFE coin rise in the near future:

Technological Integration

One of the things that most project seems to consistently fail at is the isolation of the coin and this is what makes the BEFE coin stand out. With integration with the Bitgert platform, people who invest in the blockchain would earn BEFE by staking, thereby allowing a passive income that increases the value of the coin. Also, the presence of the feature that allows 100,000 transactions per second makes the BEFE coin super reliable for effective usage.

See Also: NEAR Protocol Price Jumped As Kangamoon Approaches Presale Close

Strong Community

Imagine a situation where you can constantly be able to reach your goals all thanks to a solid community that’s ensuring that the hard jobs are completed. Well, that’s how the BEFE coin community is, as there’s a strong presence of developers and supporters that constantly make use of social media and other mediums to ensure it’s accessible to the rest of the world. This keeps the BEFE coin strong and helps to ensure that its value constantly rises in the market.

Constant Adaptation

Since changes occur often in the crypto market, investors sometimes get afraid of what can happen when they invest in a particular project. The BEFE coin is handling this major challenge as the developers regularly ensure to work on the protocol behind the coin to adapt to any change possible. This makes the BEFE coin very flexible and easy to adapt to any change or trend that may occur in the crypto market.

Indeed, investing in crypto projects can bring many risks but with the BEFE coin, it’s entirely a different situation. This is because of the BEFE coin’s strong community, presence of innovations, and the ability to constantly adapt to changes. Getting a BEFE coin today can save you the stress of worrying about your crypto wealth!

Add BEFE to your watch list. Follow the BEFE website for more.

The post BEFE Coin’s Price Projection: Set to Rise in the Near Future appeared first on BitcoinWorld.

Worldcoin announced the launch of World Chain Layer-2 (L2) to address Web3 scalability challenges and bad bots.

Verified World ID holders will receive priority blockspace and gas allowances on Worldcoin’s new network.

The move comes amid regulatory pressure in various jurisdictions, including a potential fine in Buenos Aires.

Despite facing controversies and regulatory scrutiny, Worldcoin, a crypto project co-founded by OpenAI’s Sam Altman, announced the introduction of its layer-2 (L2) solution named World Chain on April 17, 2024.

This move follows Worldcoin reaching 10 million users for its World App wallet a week ago.

World Chain Claims to Prioritize Scalability and Humans

World Chain, built on OP Stack and the Ethereum network, aims to address Web3 scalability challenges. This L2 solution will launch this summer.

Worldcoin claims that the network will be “open to everyone.” 

Moreover, it also promises that “verified humans, including more than five million verified World ID holders, will get priority blockspace over bots & a gas allowance for casual transactions.”

The network will integrate closely with the Worldcoin protocol to drive growth and utilize World ID’s Proof of Personhood system.

See Also: Hackatao Arrives On The Sandbox Metaverse With The NFT Game “HACK the TAO”

Regarding World Chain’s announcement, Alex Blania, CEO of Tools for Humanity (the entity behind Worldcoin), took his excitement to X (formerly Twitter).

“While still early, five million people have already verified with the Orb, and over 10 million accounts have been created. To continue accelerating, Worldcoin will launch a blockchain that can eventually support every human,” Blania said.

World Chain is designed to prioritize scalability, significantly increasing the L2 block gas limit. Worldcoin users’ transactions currently represent about 44% of OP Mainnet’s activity, sometimes exceeding 80% during spikes.

Worldcoin believes a core issue is the prevalence of bots on blockchains. It estimates up to 80% of blockchain transactions are automated.

While many bots serve legitimate purposes, unproductive ones often lead to congested networks and high fees. Ironically, this problem worsens as blockchains optimize for low gas fees and high throughput.

“Bad bots like airdrop farmers worsen many of the problems blockchains face today. People on the World Chain will have the option to anonymously verify their addresses as human with a World ID fully delinked from their ID, simply like a blue checkmark,” Tiago Sada, Head of Product at Worldcoin, explained.

Besides ETH, Worldcoin said that World Chain users can easily pay fees using WLD.

Interestingly, the price performance of Worldcoin’s native token, WLD, was modest after the announcement went live. 

WLD is trading at $4.744 at the time of writing, representing a 2.39% decrease in the last 24 hours.

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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Binance announced that it has listed 5 new altcoin trading pairs on the spot platform.

While Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements, it announced that it has listed new altcoin trading pairs on the spot platform.

Announcing that 5 trading pairs are listed at this point, most of them USDC, Binance stated that these are “APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC”.

“Dear Binance members,

To expand the list of trading options offered on Binance Spot and improve users’ trading experience, Binance will open APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL and STX/USDC trading on 04/19/2024 at 14:00 UTC. will initiate trading for the pairs.

See Also: Binance Gets Dubai Crypto License Following CZ’s Departure

Additionally, Binance will enable Trading Bots services for APT/USDC, GALA/USDC, NEO/USDC, OMNI/BRL, STX/USDC trading pairs as of 19.04.2024 14:00 (UTC).

Note: BRL is a fiat currency and does not represent other digital currencies.”

Finally, Binance stated that users residing in some countries or regions cannot trade with the specified spot trading pairs and listed these countries or regions as follows: 

“Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and their regions (American Samoa). , Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands) and all parts of Ukraine outside government control.”

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 Binance Listed 5 More New Altcoin Trading Pairs On Its Platform appeared first on BitcoinWorld.

Binance crypto exchange is set to return to India after a four-month ban by paying a $2m fine for non-compliance, according to a report published in The Economic Times.

Binance and nine foreign crypto exchanges were blocked in India over non-compliance with local AML regulations.

Binance will be the second overseas exchange after KuCoin to mark a return to the country after India’s financial regulatory body blocked access to crypto exchanges for non-compliance.

The Indian Ministry of Finance’s Financial Intelligence Unit (FIU) blocked access to nine foreign crypto exchange’s URLs and mobile applications, including Binance, in the first week of January for failing to adhere to the country’s Anti-Money Laundering Act.

Binance reportedly accounted for more than 90% of Indian crypto trading volume before its ban in January earlier this year.

See Also: Binance Listed 5 More New Altcoin Trading Pairs On Its Platform

Indian users flocked to foreign crypto exchanges like Binance to bypass the severe tax impositions, which prompted the government to ban overseas exchanges not registered with FIU.

Now, with FIU registration, foreign crypto exchanges like Binance have to adhere to the same rules and regulations as Indian exchanges.

KuCoin has started a 1% tax deduction at source (TDS), and other foreign crypto exchanges looking to mark an entry into India will have to follow the same.

A person with knowledge of the matter told The Economic Times that it is “unfortunate that it took (Binance) more than two years to realize there is no room for negotiations, and (that) no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities,” reported ET.

Binance has a long history in India. It was believed to have acquired the local crypto exchange WazirX in 2019 but later claimed the deal never went through.

Binance claimed it only provided wallet services for WazirX as a tech solution and that WazirX was responsible for all other aspects of the exchange, including user sign-up, Know Your Customer (KYC), trading and initiating withdrawals.

While KuCoin and Binance have decided to become FIU-registered entities in India, OKX, another leading crypto exchange among the nine blocked crypto exchanges, shut its operations completely, citing the regulatory burden.

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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Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory crypto license in Dubai. 

Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, Binance CEO Richard Teng told Bloomberg on April 18.

The Virtual Assets Regulatory Authority’s (VARA) final requirement for granting the VASP license was for Zhao to give up his voting power in Binance FZE, the Dubai-based unit of the exchange, according to unnamed people familiar with the matter.

The full regulatory license could signal a significant win for Binance, which has been under intense regulatory scrutiny for at least two years, since the FTX collapse.

In November 2023, Binance agreed to pay a $4.3-billion settlement to United States authorities to settle federal charges related to a lack of Anti-Money Laundering (AML) protocols violating the Bank Secrecy Act.

See Also: Binance Launched New Token Launch Platform, Megadrop, And List BounceBit (BB)

Binance co-founder Zhao pleaded guilty to one felony count, namely for failing to maintain adequate AML protocols, and resigned as part of the plea deal. Zhao’s sentencing is set for April 30. He faces up to 18 months in prison.

Why Did Binance’s Dubai Unit Sever Ties With Zhao?

Dubai’s VARA officials wanted to ensure that they didn’t interfere with Binance’s recent settlement with U.S. authorities, which forced Zhao to step down from his position as the CEO of Binance.

This was the main reason for VARA requiring Zhao to cede his voting powers in Dubai FZE. 

After Zhao’s voting control was surrendered, VARA took a stringent look at the products that the exchange planned to offer in Dubai, according to people familiar with the matter.

Despite receding voting rights, Zhao remains the ultimate beneficial owner of Binance FZE’s Abu Dhabi-based parent company.

Gaining a full license in the United Arab Emirates has been a focal point for Binance’s future operations, according to Alex Chehade, Binance Dubai’s general manager, said:

“Binance identified that the senior leadership of the UAE wanted to establish the region as a focal point for Web3. They’re trying to diversify away from fossil fuels, and they see [crypto] as a great driver for doing so.”

Binance received a preparatory minimal viable product license from VARA in September 2022, which enabled the exchange to offer a range of digital asset services for qualified retail and institutional investors.

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 Binance Gets Dubai Crypto License Following CZ’s Departure appeared first on BitcoinWorld.

P2P.org, a non-custodial staking service provider, has announced the launch of its Distributed Validator Technology (DVT)-powered restaking solution with Ethereum staking infrastructure protocol SSV Network. 

This collaboration represents a significant advancement in Ethereum staking, offering a more secure, efficient, and decentralized approach.

DVT-Powered Restaking Solution Enters the Market

The partnership between P2P.org and SSV Network marks one of the largest demonstrations of DVT’s capabilities. 

The technology will become ubiquitous in the liquid staking market, since it allows staking protocols to extend their validator set, bringing greater efficiencies in terms of maximizing uptime and bolstering decentralization.

Distributed Validator Technology is a solution for assigning key management to multiple parties which allows these entities to be responsible for maintaining a validator. This eliminates single points of failure. 

DVT entails splitting the key used to control the validator into a cluster. This helps make it virtually impossible for an adversary to obtain all the key parts needed to assume control.

P2P.org’s restaking solution harnesses the power of SSV Network’s DVT to offer Ethereum stakers a more robust and secure staking experience. 

By integrating DVT, P2P.org enables validators to participate in multiple instances, distributing the key fragments across different nodes.

See Also: Ragnarok Enters Web3 Through Ronin And Gravity Partnership

Meanwhile, the staking product offers an annual percentage yield (APY) of over 5.6%. This yield allows users to benefit from the rewards associated with securing ETH and Layer 2 protocols while maintaining the integrity and stability of the underlying network.

P2P.org Launches Staking-as-a-Business Model

Recall that P2P.org launched an entirely novel concept called Staking-as-a-Business (SaaB) to change the approach that companies implement in staking services. 

This creative solution solves common problems like restricted utility, attracting people to take advantage of staking services, and generating earnings.

According to the announcement, the SaaB model offers an infrastructure for staking and extra services like legal, marketing, and sales support. Staking is a way for ETH users to support the network while earning rewards.

However, the overall value locked for P2P.org has increased considerably, rising from $1.4 billion at the end of the first quarter of 2023 to an impressive $7.3 billion by the end of the first quarter of 2024. 

This amazing growth shows that Ethereum users are becoming more and more reliant on and trusting of P2P.org’s staking infrastructure, making it a big player in the industry.

Data from Dune Analytics shows that as of April 8, 240,832 ETH were staked on P2P.org, which is 0.75 percent of all the Ethereum that is staked. 

This makes P2P.org one of the best validators in the Ethereum environment, up against big names like Lido.

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 miners in Sweden owe over $90M in taxes after government investigations revealed four years of misappropriations.

The Swedish Tax Agency found several crypto firms provided misleading business descriptions to avoid paying taxes between 2020 and 2023.

The Swedish Tax Agency —Skatteverket — investigated the operations of 21 crypto-mining firms between 2020 and 2023. 

The investigation revealed that 18 crypto-mining firms filed “misleading or incomplete” information to benefit from tax incentives.

According to the agency, some crypto firms provided misleading business descriptions to avoid paying value-added tax (VAT) on taxable operations. Others found ways to avoid paying import taxes on mining equipment or income tax on mining revenue.

A rough translation of the Swedish Tax Agency’s statement read:

See Also: $11M Seized from Top British-Indian Businessman in Multi-Million Dollar Bitcoin Scam

“The described approach leads to tax disappearing from the country in the form of incorrect payments of input VAT, unpaid output VAT and unreported crypto assets.”

The crypto mining firms are required to pay the tax authorities over 990 million Swedish krona ($90 million) in total. 

This includes unpaid total VAT of 932 million krona ($85.4 million) and tax surcharges of approximately 57.9 million krona ($5.3 million).

While the crypto mining firms appealed against the $90 million demand from the Swedish Tax Agency, the administrative court upheld the appeals of two mining firms and rejected the rest. “The amounts above have been adjusted with regard to the verdicts.”

In November 2023, crypto mining firm Hive Digital Technologies acquired a commercial property and a data center in Boden, Sweden. At the time, Johanna Thornblad, Hive’s country president for Sweden, said:

“The new data center will enable HIVE to grow its regional footprint while further demonstrating its commitment to its ESG focus, sustainable practices, environmental responsibility, and energy efficiency with its newest “green” energy powered data center.”

The company confirmed that the property will also house its incoming generation of ASIC servers and increase its Bitcoin (BTC) production.

Hive owns and operates data center facilities in Canada, Sweden, and Iceland, and it promotes the use of green energy to mine digital assets such as Bitcoin on the cloud.

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 Sweden Demands $90m In Outstanding Taxes From Crypto Miners appeared first on BitcoinWorld.

JPMorgan said it expects the price of Bitcoin (BTC) to drop after the reward halving instead of rallying.

The bank’s analysis shows that the cryptocurrency remains overbought.

Miners will be most affected by the event, the report said.

The Bitcoin (BTC) price is likely to weaken after the reward halving, a quadrennial event that slows the rate of growth in bitcoin supply and looks set to occur around April 19-20, Wall Street giant JPMorgan (JPM) said in a research report on Wednesday.

The bank sees downside for the world’s largest cryptocurrency after the halving because the market is still in overbought conditions, according to its analysis of open interest in bitcoin futures.

Furthermore, the cryptocurrency price of about $61,200 is still above the bank’s volatility-adjusted comparison with gold, which sets it at $45,000, and its projected production cost of $42,000 after the halving. 

See Also: Binance Launched New Token Launch Platform, Megadrop, And List BounceBit (BB)

The bitcoin production cost has historically acted as a lower boundary for BTC prices.

JPMorgan also notes that venture-capital funding remains subdued despite the recent crypto market resurgence.

The biggest impact of the halving will be felt by mining companies: 

“As unprofitable bitcoin miners exit the bitcoin network, we anticipate a significant drop in the hashrate and consolidation among bitcoin miners with a highest share for publicly-listed bitcoin miners,” analysts led by Nikolaos Panigirtzoglou wrote.

“Post halving event, it is also likely that some bitcoin mining firms may look to diversify into low energy cost regions such as Latin America or Africa to deploy their inefficient mining rigs to gain salvage values from those rigs which would otherwise sit idle,” the authors wrote.

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 Is JPMorgan Right That Bitcoin May Likely Drop After The Halving appeared first on BitcoinWorld.

Polkadot (DOT) price is holding above the critical support of $6.3, which will cause it to tumble to multi-month lows.

The Sharpe Ratio is negative, at the lowest point in seven months, suggesting DOT will have trouble attracting investors.

Open Interest has declined by $154 million in six days, substantiating the bearishness.

Polkadot (DOT) price has exhibited resilience in the past few days, preventing further decline, but this will likely change.

The bearishness amplified during the recent decline will likely pull the altcoin down to test $5 as support.

Polkadot Finds It Difficult to Attract Investors

The recovery of Polkadot’s price would be much quicker with the support of DOT holders and potential investors. 

Generally, the addition of new investors and an increase in participation tend to trigger an upswing.

This requires the asset to be a profitable, attractive investment option, which DOT seems not to be currently. 

The Sharpe Ratio evinces this, given it is currently at -5.17. The Sharpe ratio measures the risk-adjusted return of an investment or portfolio. It provides insight into the efficiency of an investment strategy.

Negative figures indicate a lack of solid risk returns, which keeps investors away from the digital asset. Given that DOT’s Sharpe Ratio is at a seven-month low, Polkadot’s price will find some difficulty recovering.

See Also: Bitcoin Price Prediction As BTC Bounces From $60,000 Level – More Selling Incoming?

But beyond attracting new investors, retaining the interest of the present DOT holders is much more crucial. Polkadot is also losing in this regard since traders are pulling their money out of the Futures market.

This increases the potential for a decline in Polkadot’s price.

Polkadot’s price trading at $6.544 at the time of writing has corrected massively after invalidating the falling wedge. 

The altcoin is still vulnerable to additional decline since the market cues do not favor DOT.

If the support at $6.3 is breached, Polkadot’s price may decline further to $5.7. 

A drop to this level would represent a four-month low in price, potentially establishing it as a market bottom for 2024.

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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Binance announced the launch of its new token launch platform, Megadrop, and the listing of the altcoin called BounceBit (BB).

Binance, the world’s largest cryptocurrency exchange, announced the launch of Megadrop, its new token launch platform with Airdrops and Web3 missions.

See Also: These Altcoins Dumped The Most As Bitcoin (BTC) Slipped Beneath $60K

Binance also announced that the first project to be introduced on Binance Megadrop will be BounceBit (BB), a Bitcoin (BTC) repurchase chain.

The good news of the listing for this Bitcoin-based altcoin from Binance moved the price upward. After this news, BounceBit (BB) started to rise.

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 Binance Launched New Token Launch Platform, Megadrop, And List BounceBit (BB) appeared first on BitcoinWorld.

Binance moved its SAFU funds from Bitcoin and its native coin BNB to Circle’s USDC to ensure stability and reliability.

Amid the ongoing heightened cryptocurrency volatility ahead of Bitcoin halving 2024, the leading crypto exchange by daily traded volume and registered users Binance Holdings Ltd announced major changes to its Secure Asset Fund for Users alias SAFU. 

According to the announcement, Binance’s emergency insurance funds have fully been converted to USDC, a US dollar-backed stablecoin issued by Circle Internet Financial.

“Today, we are transferring 100 percent of SAFU’s assets to USDC. Making use of a trusted, audited, and transparent stablecoin for SAFU further enhances its reliability and ensures it remains stable at $1 billion,” Binance noted.

According to on-chain data, Binance converted a total of 16,277 Bitcoins in several batches and 1.36 million BNB coins to USDC. As a result, Binance SAFU wallets are now capped at $1 billion.

Established in 2018 during the tenure of Changpeng Zhao as the CEO, the Binance SAFU has set the cryptocurrency exchange apart from other exchanges. 

Furthermore, the Binance exchange has more than 187 million registered global users, who need protection against existential threats, especially from hackers.

See Also: Binance Converted $1 Billion SAFU Fund To USDC

Why Binance Opted for Circle’s USDC

The cryptocurrency market has heavily been regulated in the past year following the collapse of Terra Luna UST and FTX exchange. 

Already, Binance Exchange was forced to part with $4.3 billion as a fine for violating U.S. financial regulations on fraud and money laundering.

As a result, Binance has been doing all its operations by the books to ensure further growth prospects. 

Moreover, institutional investors are seeking secure and regulated web3 firms to operate with during the confirmed crypto bull run.

Notably, Circle’s USDC has achieved the second-largest stablecoin by market cap after the collapse of the Binance BUSD. 

As of this report,  Circle’s USDC had a fully diluted valuation (FDV) of about $32.7 billion and a daily average trading volume of around $9.1 billion.

As a fully US dollar-backed stablecoin, USDC is used by top institutions such as BNY Mellon, MoneyGram, Visa Inc (NYSE: V), Robinhood Markets Inc (NASDAQ: HOOD), BlackRock Inc (NYSE: BLK), and Mastercard Inc (NYSE: MA), among others.

Market Impact

The transition of Binance’s SAFU from Bitcoin and BNB to USDC is a clear indication the cryptocurrency market is highly liquid for all investors. 

With less than four days to the fourth Bitcoin halving, the BNB and BTC sales by Binance weighed heavily on short-term buyers.

Moreover, BNB price has been dropping about 10 percent in the past seven days to trade around $541 on Thursday.  

Similarly, Bitcoin price has slipped more than 14 percent in the past week to trade around $60,987 at the time of this report. 

Nonetheless, Binance will continue to reign in the crypto market due to its user protection measures, which are not available in other exchanges.

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 Binance Successfully Converts $1B In SAFU Funds To Circle’s USDC appeared first on BitcoinWorld.

Some altcoins, including Solana (SOL), Dogecoin (DOGE), and Toncoin (TON), are among the poorest performers in the past 24 hours as Bitcoin (BTC) price slipped.

Bitcoin’s price took another sharp turn for the worse yesterday when it dropped below $60,000 for the first time in well over a month.

Most altcoins are also deep in the red today, with names such as SOL, DOGE, and TON dumping by more than 5-6%.

BTC’s Latest Nosedive

It was less than a week ago – last Friday – when the primary cryptocurrency stood above $70,000 and even challenged $71,000. 

However, that was short-lived, and external events, like the US Fed’s comments and the rising tension between Iran and Israel, led to massive price declines.

It all started on Friday evening with a drop to $65,000. After recovering a couple of grand on Saturday, BTC dumped later that evening when Iran launched an attack against Israel. The asset fell to $61,000.

It managed to reclaim some ground on Sunday and Monday, but that didn’t last long, and Bitcoin started losing value once again. This culminated yesterday when the cryptocurrency plummeted to just under $60,000 for the first time since early March 2024.

See Also: Bitcoin Price Prediction As BTC Bounces From $60,000 Level – More Selling Incoming?

Despite being more than $1,500 higher now than that low, BTC is still 3% down on the day and is barely hanging above $61,000. Its market cap has declined to $1.210 trillion, while its dominance over the alts stands still at 51.5%.

BTC Price Chart | Source: Coinstats

 

Alts Turn Red Again

The altcoins also followed suit with price declines in the past 24 hours. 

Ethereum, for instance, went from over $3,100 to below $3,000, and it is currently struggling as well. Aside from BNB, which is slightly in the green, the rest of the alts are deep in the red.

altcoins turn red

 

This trend is led by Dogecoin, which has dumped by over 8%. Toncoin (-6.5%) and Solana (-5%) are next, followed by ADA, AVAX, SHIB, TRX, and LINK.

Further losses are evident from the likes of WIF (-10%), TAO (-7.5%), OKB (-7.5%), and more.

The total crypto market cap is down by $60 billion overnight and is down to $2.350 trillion.

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 These Altcoins Dumped The Most As Bitcoin (BTC) Slipped Beneath $60K appeared first on BitcoinWorld.

India’s law enforcement authorities confiscated properties worth $11m owned by British-Indian businessman Raj Kundra as part of an investigation related to an alleged Bitcoin scam.

Under the stipulations outlined in the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate on Thursday declared its temporary seizure of both real estate and personal assets Kundra owns.

The ED’s measures are part of its inquiry into alleged money laundering endeavors associated with Kundra. He is Bollywood actress Shilpa Shetty’s husband.

In the statement, the authority said it launched an investigation based on numerous First Information Reports (FIRs). 

These reports targeted M/s Variable Tech Pte Ltd, as well as individuals including Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj, and a collection of marketing agents.

See Also: US Senators Introduced Bill To Prohibit Unbacked Algorithmic Stablecoins

ED, Mumbai has provisionally attached immovable and movable properties worth Rs. 97.79 Crore belonging to Ripu Sudan Kundra aka Raj Kundra under the provisions of PMLA, 2002. The attached properties include Residential flat situated in Juhu presently in the name of Smt. Shilpa…

— ED (@dir_ed) April 18, 2024

Ponzi Scheme Promoters Accused of Hiding Millions

According to the investigation, the accused amassed Bitcoin worth about $792m in 2017 by misleading investors with assurances of 10% monthly returns through Bitcoin investments. 

The promoters allegedly defrauded investors and have since concealed the illicitly obtained Bitcoin in obscure online wallets.

During investigation, the agency discovered Kundra had received 285 Bitcoin from Amit Bhardwaj, the orchestrator of the ‘Gain Bitcoin’ Ponzi scheme. 

These Bitcoin were intended for the establishment of a mining operation in Ukraine. These coins were reportedly derived from illicit gains acquired by Amit Bhardwaj from unsuspecting investors.

However, the transaction did not come to fruition. This left Kundra in possession of the Bitcoins, which are currently valued at over $18m.

Bitcoin Scam Promised Returns, Delivered Lies

“The collected Bitcoins were supposed to be utilized for Bitcoin mining and investors were supposed to get huge returns in crypto assets. But the promoters cheated the investors and have been concealing the ill-gotten Bitcoins in obscure online wallets,” the statement read.

The ED has previously taken action on the same case. Nikhil Mahajan was arrested in January last year, while Simpy Bhardwaj and Nitin Gaur were arrested in Dec. 

All of them are currently in judicial custody. However, the primary suspects, Ajay Bhardwaj and Mahendra Bhardwaj, are still evading law enforcement.

In 2021, Kundra was arrested for involvement in producing and distributing pornographic content via the ‘Hotshots’ app. He obtained bail from the Supreme Court in that case.

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 $11M Seized from Top British-Indian Businessman in Multi-Million Dollar Bitcoin Scam appeared first on BitcoinWorld.

Binance’s SAFU fund has now been converted entirely to USDC.

SAFU’s reallocation enhances fund stability and transparency.

The recent shift marks Binance’s second fund conversion.

Binance, the top crypto exchange, through the Secure Asset Fund for Users (SAFU), has disclosed an unprecedented financial arrangement for the whole transfer to the Dollar Coin (USDC). 

The total SAFU fund is $1 billion, which is 3 percent of the total stable coins circulation supply.

Today, all SAFU assets will be converted to $USDC , bolstering reliability and stability at $1bn.

Read more https://t.co/Dggl3CdQYU

— Binance (@binance) April 18, 2024

The Complete Transition Of SAFU Fund To USDC For User Protection Strengthens

SAFU was opened in 2018. It is an emergency resource for all Binance users. The fund is intended to stop irreversible consequences in the case of exchange hacking. 

Originally its assets diversified across various digital money variants such as Bitcoin (BTC), Tether, and Binance Coin (BNB), the shift to USDC will be a transformative moment. 

Binance is choosing a USDC reputation to provide audit trails of the transaction simulation and transparency, ensuring the fund’s integrity and unwavering value of $1 billion.

See Also: Flooding Disrupts Dubai’s Blockchain Life 2024, Organizers Debunk Airdrop Rumor

This compliance statement serves to continue developing and strengthening the trust and security among our clients, which is one of the reasons the transition to the new system is available because it is in line to provide the safest device for clients against every kind of threat and to carry on the improvement of the overall security. 

Binance’s goal is to act proactively in a dynamic market, which is the reason behind this transition. 

Binance Prioritizes Stability With USDC

This move to reallocate to USDC signifies Binance’s latest demonstration that the SAFU funds are shifting to stablecoin collateral, the underlying objective of most central banks behind the creation of stablecoins.

In March 2023, the exchange moved BUSD, which was previously a component of this fund, to a combination of Tether (USDT) and TUSD, implying a continuous strategy to increase the safety of its assets.

This transition occurred through a strong transaction with 800 million USDC traded on the Ethereum network. 

This is evidence of Binance’s transparency level of the services that Binance offers the public through the wallet that is addressed to the public.

The company’s choice is a defensible move and a spectator to USDC’s reputation as a stable and credible financial representation in a turbulent crypto environment.

Broader Impact On Crypto Stability And Adoption

Consequently, for the organization’s bright future, it is essential to remain conscious of the challenges ahead and constantly embrace change. 

Its commitment to the industry’s stability through rigorous compliance and global regulatory engagement will continue to set it apart in the digital asset landscape.

Binance, one of the crypto exchange pioneers, continually endeavors to safeguard digital assets via the SAFU fund. 

This uncertainty-reducing measure, coupled with more stability, will improve the general outlook of the ecosystem. 

USDC’s backing of SAFU tokens impresses with the farsightedness of a strategy that intends to utilize the advantages of the stablecoin to balance out the shake-offs of the crypto world.

From the supply-demand dynamics of USDC to the transformation of the general perception of USDC, the implications of a large-scale transfer are limitless, including the whole financial landscape. 

See Also: NEAR Protocol Price Jumped As Kangamoon Approaches Presale Close

Binance’s move, however, means that only this stablecoin, USDC, has been officially supported and validated by the exchange. 

Consequently, what may happen is highly likely as most commerce and investors may follow suit and seek to add that coin to their portfolio.

The crypto market environment seems to be increasingly influenced by Binance’s strategic management of its assets, as its approach undoubtedly entails a lot of subsequent impact related to the ongoing adoption and customer confidence in stablecoins as alternative investment avenues that can not only provide the much-needed security but also stability.

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 Binance Converted $1 Billion SAFU Fund To USDC appeared first on BitcoinWorld.

As Bitcoin (BTC) price teeters around the $61,650 level after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates.

This positions Bitcoin at a precarious juncture, especially as the market braces for the April 20 halving, expected to slash mining rewards.

This event and the dollar’s strength may heavily influence upcoming Bitcoin price prediction, pressing investors to closely monitor both market reactions and economic indicators.

Bitcoin Declines as Dollar Strengthens Amid Rate Cut Pauses

As the US dollar experiences its strongest five-day surge in 14 months, Bitcoin has seen a notable decline, falling 9% to $63,936. 

Bitcoin drops as dollar eyes ‘best 5-day run’ in 14 months on expected rate cut hold

The Bloomberg Dollar Spot Index (BBDXY) — which tracks the performance of a basket of 10 leading global currencies versus the U.S. dollar — has climbed by approximately 2% over the last 5… pic.twitter.com/k3kFpxB7Wm

— Lilac (@ChristinaH94232) April 17, 2024

This drop is influenced by the likelihood of prolonged high interest rates, which tend to reduce the appeal of riskier assets such as Bitcoin.

See Also: 14 Years Dormant Bitcoin Wallet Recently Transferred 50 BTC

The inverse relationship between Bitcoin and the dollar typically sees Bitcoin gain popularity when the dollar weakens. 

However, with the upcoming Bitcoin halving on April 20—which will halve BTC mining rewards—investors are watching the markets closely.

Despite Bitcoin’s current 52% market dominance, the broader economic concerns and high interest rate expectations are putting downward pressure on cryptocurrency values.

Bitcoin’s 9% drop coincides with the dollar’s significant rise.

April 20 Bitcoin halving anticipated to impact mining rewards.

Market watches closely as economic and rate concerns dominate.

LBBW Partners with Bitpanda for Crypto Custody Services, Targeting Corporate Clients

Germany’s largest state-backed bank, LBBW, is set to offer cryptocurrency custody services through a partnership with Bitpanda, starting in the second half of 2024. 

BREAKING: Germany's Largest Federal Bank LBBW to Offer #Crypto Custody Services With Bitpanda!

Germany is becoming a crypto hub. 0% taxes after 1 year holding on cryptocurrencies! pic.twitter.com/eBGh77183S

— JackTheRippler © (@RippleXrpie) April 15, 2024

This move, initially targeting corporate clients, marks a significant step for institutional adoption of cryptocurrencies like Bitcoin and Ethereum.

LBBW’s entry into the crypto custody market, facilitated by Bitpanda’s established infrastructure, reflects a growing interest among traditional financial institutions in cryptocurrency services.

Such partnerships are poised to enhance market liquidity and attract more institutional investors, potentially boosting Bitcoin’s demand and reinforcing its position as a mainstream asset class.

LBBW to launch crypto custody services with Bitpanda in late 2024.

Focus on corporate clients, enhancing Bitcoin and Ethereum accessibility.

Potential to boost market liquidity and institutional interest in cryptocurrencies.

Bitcoin Halving’s Long-Term Impact Underestimated, Says Bitwise

Bitwise Asset Management highlights that while immediate effects of Bitcoin halvings on its price have historically been minimal, their long-term impact significantly boosts its value.

The typical pattern shows negligible price changes in the month following a halving, but substantial increases over the following year, suggesting that the market may undervalue these events’ long-term effects.

Despite this, industry experts remain wary, anticipating potential declines and miner sell-offs post-halving.

See Also: Filecoin Foundation Launches Legal Inquiry Into STFIL Incident In China

Although recent market corrections and predictions point to short-term volatility, historical trends suggest Bitcoin could experience considerable gains in the year after the halving, reinforcing optimistic long-term forecasts.

Minimal immediate price impact post-halving; significant long-term gains observed.

Industry experts anticipate short-term volatility and potential declines.

Historical patterns suggest substantial gains for Bitcoin one year post-halving.

Bitcoin Price Prediction

Bitcoin (BTC/USD)’s pivot point holds at around $62,216. Immediate resistance lies ahead at $64,606, with further barriers at $67,695 and $70,959. 

On the downside, significant support levels are found at $59,418, $56,271, and $53,182.

Technical indicators suggest a cautious outlook; the Relative Strength Index (RSI) is at 37, indicating potential oversold conditions, while the 50-Day Exponential Moving Average (EMA) at $66,047 reinforces the prevailing downward pressure.

A definitive move above $62,215 may signal bullish potential, but slipping below could intensify selling pressures, hinting at deeper corrections.

Unlock Cryptocurrency Rewards: Dive Into the 99Bitcoins Presale!

99Bitcoins, a pioneering digital education platform, is redefining cryptocurrency learning through its unique ‘learn-to-earn’ system. 

Users engage with educational modules and earn $99BTC tokens, enhancing both their knowledge and their digital wallets.

The ongoing presale of $99BTC tokens is stirring considerable excitement, offering these tokens at a reduced price for early adopters.

99Bitcoins Presale: Your Early Advantage

This presale is an invaluable opportunity for early investors to secure $99BTC tokens at advantageous rates, setting the stage for potential growth as the platform expands and its offerings evolve. 

These tokens reward users and open doors to further educational content and exclusive community perks.

Don’t Miss Your Chance

As of now, $439,698.51 has been raised towards the $1,136,737 goal. With only 5 days, 14 hours, 42 minutes, and 13 seconds remaining before the next price increase, act swiftly to purchase your $99BTC at just $0.00101 each.

Invest now to capitalize on the opportunity to immediately stake your $99BTC.

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 Bitcoin Price Prediction As BTC Bounces From $60,000 Level – More Selling Incoming? appeared first on BitcoinWorld.

Dubai, April 18, 2024: 

Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, 2024, at Grand Hyatt, Dubai. 

The heavy rainfall that hit Dubai on Tuesday this week, most of the other events were canceled, only the Global AI Show and Global Blockchain Show took place. There were thousands  of attendees who witnessed these grand events.While the event was seeing great success, VAP Group’s CEO, Vishal Parmar, took this moment to announce a significant milestone for blockchain & AI services by launching Times of AI and Times of Blockchain, two digital media subsidiaries of the VAP Group that will contribute to advancements in Artificial Intelligence and Blockchain. These initiatives are poised to make substantial contributions to the ongoing progress in both of these respective fields.

The Global AI Show emerged as a powerhouse platform, showcasing a convergence of international and regional luminaries in the artificial intelligence and machine learning domains. Attendees were treated to a comprehensive exploration of AI’s transformative potential across key sectors such as healthcare, finance, retail, and oil and gas. With thought-provoking keynote speeches and panel discussions, the event provided invaluable insights into unlocking new possibilities through AI technologies. Notable highlights included Jamie Metzl’s captivating session on the implications of AI, genetics, and biotechnology revolutions, as well as Dr. Divya Chander’s illuminating journey from brain reading to closed-loop brain-machine interface systems.

Meanwhile, the Global Blockchain Show illuminated the dynamic landscape of blockchain technology, drawing together experts from the web3 ecosystem to share their insights and discuss future opportunities. From thought-provoking presentations by visionaries like H.E. Justin Sun, Founder of TRON, to enlightening fireside chats with industry leaders like Dr. Marwan Alzarouni, CEO, Dubai Blockchain Center, attendees were immersed in discussions covering diverse topics ranging from the evolution of the digital ecosystem to the decentralized cloud vision of blockchain platforms like DFINITY.

The interactive presence of Sophia, the world’s first AI-humanoid robot, as the Official Ambassador for both events added a unique dimension, inspiring attendees with the boundless possibilities of AI and web3 technologies.

Various luminaries and experts spoke about advancements in AI and blockchain to come in the next few years. While addressing at the event, Dr. Divya Chander, MD, PhD, Neuroscientist, Physician, Medical Futurist said, “Elon Musk is not the first person to find neuronlike, he is just the famous one”. Additionally, Scott Melker said, “if I had to choose to put my money in the gaming industry, I will put it in India”.

In addition to the rich conference agenda, the events featured a vibrant start-up village where budding entrepreneurs showcased their innovative ideas to potential investors and venture capitalists. The launch of the VAP Accelerator further underscored its commitment to nurturing the next generation of AI and blockchain innovators.

A highlight of these events was the resounding success of the Global Blockchain Awards and Global AI Awards ceremonies, which recognized industry experts and leading organizations for their outstanding contributions.Neoki stood out by winning Best Visionary in Crypto of the Year, showcasing their innovative approach in the cryptocurrency realm. Binance secured Best Exchange of the Year, reaffirming its position as a trailblazer. At the Global AI Awards, H.E. Omar Sultan Al Olama, Minister of State for AI, UAE, received the prestigious Global Visionary award for Pioneering a New Future, while Rashed AlSuwaidi, from the Ministry of State AI, UAE, was honored with the powering advancement of technology award, emphasizing their significant contributions to technological innovation. ADNOC Distribution won another iconic award for Best AI Achievement in Energy & Utilities, These achievements underscore the profound impact of visionaries and innovators in shaping the future of blockchain and AI technologies.

Both of the events  concluded with an unforgettable afterparty at the luxurious White Beach at Atlantis, The Palm, providing a perfect setting for industry experts and enthusiasts to network, forge new connections, and unwind in a relaxed atmosphere.

The resounding success of the Global AI Show and the Global Blockchain Show underscores Dubai’s emergence as a global hub for cutting-edge technology and innovation. VAP Group extends its heartfelt gratitude to all participants, sponsors, and partners for their unwavering support in making these landmark events a grand success.

 About VAP Group:

VAP Group, an industry leader with over a decade of expertise in Web3 and Blockchain solutions, continues to revolutionize the landscape of digital innovation. Established in 2013, VAP Group has consistently delivered premium services including public relations, advertising, recruitment, content development, media, and management. Led by Mr. Vishal Parmar, the Founder and Chief Executive Officer, VAP Group stands at the forefront of innovation, shaping the future of blockchain technology. Under his mentorship, the company has focused on pioneering strategies in PR marketing, influencer marketing, bounty campaigns, conferences, and campaigns, setting new benchmarks in the industry. What truly sets VAP Group apart is its dedication to creativity, uniqueness, and holistic solutions. By adopting an innovative and forward-thinking approach, VAP Group has distinguished itself as a beacon of innovation amidst the competitive landscape of blockchain consultancy.

VAP Group is the organizer of Global Blockchain Show and Global AI Show, extraordinary platforms poised to redefine the landscape of blockchain and AI technology respectively, offering dynamic gatherings where the brightest minds converge to unlock the potential of these transformative technologies.

 

For media inquiries, exclusive interviews, or press passes, please reach out to: media@globalblockchain.com & media@globalaishow.com 

The post Dubai Defies Nature’s Fury: Global AI and Blockchain Shows Shine Through Adverse Weather appeared first on BitcoinWorld.

Despite the recent imbalance in the altcoins market, Bittensor (TAO) continues to show signs of a possible uptrend. Also, Toncoin (TON) experienced immediate recovery following the revelation of a new partnership. Meanwhile, Borroe Finance ($ROE) sets the stage for astronomic gains heralded by its presale.

Let’s explore the dynamics of these top altcoins to determine their future values.

>>BUY $ROE TOKENS NOW<<

 

Binance Lists Bittensor: Is $800 Imminent?

Binance, the largest cryptocurrency by market valuation, added Bittensor (TAO), an internet-scale machine learning solution, to its lineup of crypto offerings on April 10. Its inclusion in the global centralized exchange has expanded its reach to more users, creating a channel for broader adoption. Following Bittensor’s debut on Binance, TAO recorded a massive spike, reaching as high as $1,249, an all-time high for the new entrant.

Meanwhile, Bittensor (TAO) has shed more than half the gains accumulated after listing on Binance. Experts attributed the decline to growing volatility in the crypto market, which has impacted several top crypto coins. Nonetheless, crypto pundits ponder the possibility of Bittensor (TAO) exceeding $800 soon due to its significance in pushing TAO higher.

Bittensor (TAO) is down 1.6% from $556 to $547 between April 8 and 12. With Market players targeting $800, Bittensor (TAO) would be required to boost its value by 46.2% to attain this price level. This projection presents Bittensor (TAO) as a good crypto to buy for gains.

 

Toncoin Liaises With HaskKey To Initiate Toncoin Cash Conversion

In a strategic move on April 12, The Open Network Foundation formed an association with HashKey Group, a Hong Kong-based crypto bourse. The partnership effort seeks to enable users in this region to exchange their Toncoin (TON) for cash. This move will create an on-ramp and off-ramp service for Toncoin (TON) users in Hong Kong.

Furthermore, both entities will pursue additional ecosystem projects to foster developments in their habitats. The partnership followed Telegram’s detachment from Toncoin (TON) due to a regulatory spin-off with the United States Securities and Exchange Commission (SEC). Despite the pullback, Toncoin (TON) and Telegram still relate via other means, such as a mini app that integrates the former into the latter.

Toncoin (TON) soared from $5.35 to $6.61 between April 8 and 12, a 23.5% increase in its market value. With TON maintaining an upside momentum, experts believe Toncoin could continue to $7.50 in a few days. This forecast translates into a 13.4% increase in TON’s price.

 

Borroe Finance Unlocks Door To Unlimited Gains

Borroe Finance ($ROE) has become a portal, launching investors into a new dimension where making a profit en masse is an easy adventure. Launching with a presale, Borroe Finance ($ROE) has given potential investors a taste of what’s to come after its DEX and CEX listing. With the positive sentiment on Borroe Finance ($ROE), the new ICO coin may soon experience another wave of adoption.

Borroe Finance is regarded as the best cryptocurrency project, not only because of its profit potential but also because of its use case in the DeFi world. It combines the forces of AI and blockchain to combat the fundraising hurdles in the traditional finance sector. One of the solutions Borroe Finance ($ROE) introduces is a marketplace to trade future earnings for immediate cash remittance.

Borroe Finance ($ROE) has made presale investors abundantly wealthy, with the early ones shelving 100% gains. $ROE’s price rallied from $0.01 to $0.02 during this phase. With $ROE in its final presale stage targeting $0.025, Borroe Finance investors are locked in for an additional 25% gain.

 

Learn more about Borroe Finance ($ROE) here:

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

 

The post Bittensor And TON Holders Count On Current Momentum For Higher Gains; Borroe Finance Could Catapult Investors To Massive Profit appeared first on BitcoinWorld.

Vancouver, Canada, April 18th, 2024, Chainwire

ceτi AI, a leader in decentralized artificial intelligence infrastructure, is pleased to announce its acquisition of Canadian company Big Energy Investments Inc., a firm specializing in strategic investment in high-performance computing infrastructure. This acquisition marks a significant first step in ceτi AI’s strategy to advance the development and accessibility of AI technologies.

Strategic Acquisition and Enhanced Capabilities

Following the acquisition, Big Energy Investments, Ltd. has reached agreements in principle to acquire advanced high-performance computing (HPC) infrastructure, including five HPC servers, each equipped with 8 NVIDIA H100 Tensor Core GPUs, and two NVIDIA Quantum-2 InfiniBand switches, set to be delivered in May 2024. These agreements are anticipated to be executed within the next week, underscoring the commitment to enhancing the technological capabilities promptly.

This strategic enhancement is pivotal for the initial North American deployment of the ceτi AI Infrastructure Network, which will utilize the ceτi AI Intelligent Compute Fabric to manage and provide compute resources to decentralized AI networks, decentralized physical infrastructure networks (DePIN), and various other applications.

Strategic Deployment and Pilot Implementation

The new HPC infrastructure will underpin the first North American deployment of the ceτi AI Intelligent Compute Fabric, which manages the ceτi AI Infrastructure Network. This network is designed to provide essential compute resources to a variety of decentralized client networks and is a critical component of ceτi AI’s broader mission to democratize AI technology through decentralization. The pilot implementation will not only demonstrate the capabilities of the ceτi AI solution but also initiate revenue generation and accumulation for the CETI token ecosystem.

Roadmap and Future Plans

The successful integration and demonstration of this infrastructure will set the stage for immediate expansion to data-center scale implementations, significantly scaling up ceτi AI’s operational capabilities. Work continues to progress on the CETI token ecosystem, with its introduction being the next major milestone on the ceτi AI roadmap.

Executive Insight

“This acquisition marks a significant milestone in ceτi AI’s growth trajectory, aligning with our strategic goals to bolster our infrastructure and accelerate the development of decentralized AI technologies. By integrating Big Energy Investments’ resources and capabilities, we are better positioned to innovate and expand our reach across North America,” said Dennis Jarvis, CEO of ceτi AI.

Forward-Looking Statements

This press release contains forward-looking statements relating to expected future events and anticipated results that are subject to significant risks and uncertainties. These include, but are not limited to, the final procurement and integration of HPC infrastructure, the deployment and performance of the ceτi AI Intelligent Compute Fabric, and the broader adoption and impact of the CETI token ecosystem. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to a variety of factors.

About ceτi AI

ceτi AI is at the forefront of revolutionizing artificial intelligence through decentralization. Committed to innovation and accessibility, ceτi AI develops globally distributed, high-performance, scalable AI infrastructure designed to empower developers and networks worldwide. By democratizing access to state-of-the-art resources, ceτi AI aims to accelerate the advancement of AI technologies, making them more diverse and universally accessible. Our mission extends beyond infrastructure development; we are building a foundation for the future of AI, ensuring it grows in a manner that benefits all of humanity without sacrificing freedom of choice or expression.

Users are welcome to dive deeper into our mission, technology, and the future we’re building along with the latest updates and community discussions by visiting:

litepaper I Website I X I Telegram I Discord

Contact

ceτi AIpress@taoceti.ai

The post ceτi AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America appeared first on BitcoinWorld.