The investor predicts a decline in BTC prices, but he thinks the gold market correction is gone.

Bitcoin has fallen 3.85% in the last 24 hours, and as of this writing, its price is $64,148.

The comment by prominent investor Peter Schiff that Bitcoin, the most valuable digital asset by market cap, would not be able to maintain its psychologically significant support level of $60,000 has started trending.

The Bitcoin skeptic began his piece by assuming that the recent decline in gold prices has ended. At well over $2,300 per share, the conventional asset is selling at a premium over Schiff’s $2,000 valuation. 

Gold, he says, has hit a resistance level at $2,400, but that level won’t be there for much longer. Bitcoin, Schiff pointed out, stands in stark contrast to the gold market’s prognosis. The investor predicts a decline in Bitcoin prices, but he thinks the gold market correction is gone.

All Eyes on Key Support Level

The most popular cryptocurrency has fallen 3.85% in the last 24 hours, and as of this writing, its price is $64,148 as per data from CoinMarketCap. Schiff believes that Bitcoin has support around $60,000 but also believes that the cryptocurrency will not be able to hold this level for an extended period of time given its present pricing.

Exactly one week before this latest forecast, the critic had warned that a decline to about $20,000 may be in store if the price fell below $60,000. Even though Peter Schiff has maintained his bearish outlook on Bitcoin, it is interesting to see that BTC is now showing mixed sentiments.

One well-known crypto expert, Ali Martinez, has lately issued a warning to investors after seeing a sell signal on the Bitcoin price chart. He made a specific point about Bitcoin’s potential to go below the $65,500 mark, which would cause a dramatic decline in the value of the cryptocurrency.

Highlighted Crypto News Today:

Binance Completes 27th Quarterly Token Burn: Can BNB Hit $800?

Strike CEO Jack Mallers emphasized Bitcoin’s significance across sectors.

The expansion to Europe follows earlier moves into other jurisdictions.

As part of its efforts to encourage wider adoption of cryptocurrencies, Bitcoin payments platform Strike has revealed plans to expand its services to clients in Europe. The business announced the expansion to qualified European consumers in a recent announcement.

In an effort to bring more people in Europe into the Bitcoin ecosystem, Strike has released a full range of services. The announcement states that users may register and facilitate Bitcoin transactions.

Strategic Expansion

Following price peaks and institutional inflows, Bitcoin adoption has recently soared. Strike CEO Jack Mallers emphasized Bitcoin’s significance across sectors as a technological advancement propelling savings and interoperability.

The CEO stated:

“Bitcoin transcends borders, enhances financial inclusion, and solves some of the biggest economic problems we all face today such as inflation. As the third-largest economy globally Europe presents vast opportunities for Bitcoin adoption and we believe that Strike is uniquely positioned to serve millions of people across the continent.”

The expansion to Europe follows earlier moves into other jurisdictions. Currently, Strike serves clients in around a hundred different countries throughout North America, South America, and Africa.

Strike has stated that it would accept applications from companies to meet Bitcoin requirements, including SEPA transfers and buying/selling transactions. This comes on top of their recent announcement about onboarding European customers.

Bitcoin may be purchased by European users with limitless SEPA Euro deposits and withdrawn to Bitcoin wallets that do not need custody or other methods. Users may also take use of the withdrawal choices and cross-border payment facility to send and receive funds.

Highlighted Crypto News Today:

Binance Completes 27th Quarterly Token Burn: Can BNB Hit $800?

Binance Foundation removed nearly 2 million BNB tokens from circulation, aiming to decrease total supply.

Despite the burn, BNB’s price remained stable, later surging 110% and showing strong performance.

Technical indicators suggest the token may challenge $635 resistance, but a reversal could test support levels at $569.5 and $506.5.

The Binance Foundation recently completed its 27th quarterly BNB token burn on the BNB Chain, marking another significant milestone in the platform’s ongoing efforts to reduce the total supply of BNB tokens.

During this process, the platform permanently removed 1,944,452.51 BNB tokens, valued at approximately $1.17 billion at the time of the burn, from circulation.

The Binance burn is a quarterly event that is carried out automatically using the Auto-Burn formula. The ultimate goal of this process is to gradually decrease the total supply of BNB tokens until it reaches 100 million. At present, the total supply stands at 149,532,856 BNB tokens, showcasing the significant progress made towards achieving this target.

Binance Burn Impact on BNB Price

Following the token burn, the BNB coin price remained neutral, trading in a narrow band of $278 to $345.5 until mid-February. However, as market volatility escalated, the altcoin surged 110% before being rejected at $635.

Since then, the price has been moving in a tight range of $506.5 to $635. Despite recent consolidation, BNB has performed well across multiple timeframes.

BNB’s value has increased by 11.43% in the last seven days, and 10.12% in the last thirty days. Furthermore, the token’s Year-to-Date (YTD) performance is an incredible 94.58%, implying significant bullish price action for the Binance coin price in the next months.

Technical indicators also reinforce the positive outlook for Binance coin. The Moving Average Convergence Divergence (MACD) indicator displays a rising green histogram, indicating growing purchasing pressure in the cryptocurrency market. Furthermore, the averages show bullish convergence, which reinforces the favorable prognosis for the BNB price in the near future.

Will The Coin Price Rise Back Up?

If the positive momentum continues, the BNB coin price is projected to challenge its resistance at $635 over the weekend. If the market manages to keep the price at that level, the Binance token may try to challenge its previous all-time high (ATH) of $690.9.

However, if a trend reversal occurs, the Binance token may lose momentum and fall to test its support level of $569.5. In the event that the bears continue to dominate the market, the Binance token could potentially plunge further and prepare to test its lower support level of $506.5 in the coming weeks.

ChinaAMC’s Bitcoin and Ethereum ETFs have been greenlit, so they’re officially in the game.

The anticipated listing date for these ETFs is April 30, 2024.

Two Spot Bitcoin & Ethereum ETF pairings have been approved by the Hong Kong Securities and Futures Commission (SFC), marking a significant decision. Leading figures in the conventional banking and cryptocurrency sectors, Boshi Funds and HashKey Capital Limited, have banded together to launch this groundbreaking initiative. Also, ChinaAMC’s Bitcoin and Ethereum ETFs have been greenlit, so they’re officially in the game.

In an effort to write a new chapter in the history of the virtual asset market in Hong Kong, Boshi International has announced that they would be teaming up with HashKey. The clearance of these ETFs, in their view, will do double duty: it will increase investors’ asset allocation alternatives and further establish Hong Kong as a leading global financial and virtual asset hub.

Huge Milestone

This was also the opinion of HashKey Capital. Traditional financial institutions may now more easily allocate virtual assets, thanks to the introduction of spot ETFs for virtual assets, they said. Therefore, making it easier for both institutional and individual investors to participate. Also, by authorizing the first-ever Ethereum ETF, Hong Kong cemented its stance, making the most recent approval a huge milestone.

Boshi International claims that their currency-holding subscription system enables investors to immediately subscribe for equivalent ETF shares using Bitcoin and Ethereum, and both businesses highlight the importance of this approach. Investors will appreciate the improved accessibility and ease of use.

Simultaneously, ChinaAMC also received approval to create the ChinaAMC Ethereum ETF and the ChinaAMC Bitcoin ETF. The anticipated listing date for these ETFs is April 30, 2024. These ETFs provide investors a quick, efficient, and secure way to allocate digital assets, according to Zhu Haokang, Head of digital asset management ChinaAMC.

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London, United Kingdom, April 24th, 2024, Chainwire

Today marks a monumental day as Hipposol, A solana memecoin proudly announces the launch of $hippos pre sale round for early participants. Drawing vibrant inspiration from the mighty and playful hippopotamus, the $Hippos token presale event begins today April 24th 2024, with a sale duration of 26 days.

Hipposol Ready To Pioneer A New Era in Memecoin

$Hippos isn’t merely another entry in the memecoin ledger; it heralds a new era where community, technology, and sheer fun merge to forge genuine value. “With $Hippos, we’re not just redefining memecoins; we’re revolutionizing how a memecoin community and digital currency coexist. This journey isn’t about speculative trading alone; it’s about crafting a community empowered to steer its course and reap substantial growth,” said King Hippo, the revered leader of the Hipposol herd.

The Hipposol team believes the $Hippos pre sale event means more than buying a token; it means joining a memecoin herd that leads. With Hipposol community-driven development approach, users insights and votes directly influenced by the $Hippos holders, Hipposol is set to be next meme sensation on Solana.

$Hippos Presale Facts:

Token Presale Rate: 1 SOL = 150,000 $Hippos

Minimum Buy: Dive in with as little as 0.5 SOL

Users can join the Solana meme adventure with Hipposol and experience a new breed of memecoin that’s ready to make waves.

For more updates and news on Hipposol memecoin;

Website | $Hippos Sale portal | Twitter | Telegram 

Hipposol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies can be volatile and dangerous.

Contact

King HippoHipposolpod@hipposol.xyz

DogeMob, a prominent player in the meme coin sector, today announced several key developments and updates that underscore its evolution from a meme-driven concept to a multi-faceted crypto platform. With a range of new features and significant community growth, DogeMob is set to enhance user engagement and utility within its ecosystem.

DogeMob has recently expanded its presence on global cryptocurrency exchanges. Following its initial listings, the platform is now actively traded on BitMart and MEXC. This expansion facilitates greater accessibility and liquidity for the $DOGEMOB token, broadening its investor base and reinforcing its market presence.

In line with its commitment to enhancing token utility, DogeMob is nearing the completion of its much-anticipated web3 game. This development is expected to introduce new functionalities for the $DOGEMOB token, integrating entertainment with transactional utility, thus enriching the user experience and engagement across its platform.

Further empowering its community, DogeMob boasts a robust governance model where token holders play a pivotal role in steering the project’s direction. Through its on-chain voting system, holders can submit proposals and vote on various aspects of the project’s development, ensuring transparency and inclusivity in its growth trajectory.

Adding to its user-centric approach, DogeMob offers a “stake and earn” program, allowing token holders to earn passive income with the flexibility to withdraw their stake at any time. This feature underscores DogeMob’s commitment to providing value and autonomy to its community.

Financially, DogeMob has demonstrated substantial market activity, with over a million dollars in aggregated daily trading volume across centralized and decentralized exchanges. Moreover, the platform’s market capitalization has grown to exceed 3 million dollars, a testament to its growing acceptance and investor confidence.

DogeMob is also verified on major crypto aggregators CoinMarketCap and CoinGecko, which offers users transparency and real-time data to make informed decisions. These listings provide credibility and enhance visibility in the competitive crypto space.

Underpinning its technological foundation, DogeMob’s smart contract has been fully audited, and viewable here, and the platform maintains rigorous standards with a comprehensive KYC process, ensuring security and compliance. Additionally, DogeMob operates with a 0% buy and sell tax policy, enhancing its attractiveness to potential investors looking for accessible crypto options.

The community around DogeMob has seen exponential growth, now boasting over 11,000 members in its Telegram group. This vibrant community is actively engaged in discussions about market trends, project developments, and the broader meme coin culture, contributing to a dynamic ecosystem.

In 2024, DogeMob is set to amplify its platform with a series of strategic expansions and community-driven initiatives. The first quarter will see the launch of the $DOGEMOB token on additional exchanges, enhancing its liquidity and market presence. Throughout the year, DogeMob will focus on increasing community engagement through social media campaigns, AMA sessions, and partnerships with key influencers in the meme space. 

The latter half of the year promises exciting developments, including the release of community-inspired meme content, the introduction of DogeMob-themed NFTs, and interactive meme-based gaming experiences, further solidifying DogeMob’s position as a pioneering force in the meme coin ecosystem.

About DogeMob

DogeMob is a leading meme coin platform that combines the playful culture of memes with serious cryptocurrency innovation. With a fixed supply of one billion tokens, DogeMob is designed to provide both stability and excitement in the volatile altcoin market. The platform’s commitment to community-driven growth, comprehensive governance, and innovative crypto solutions continues to position it as a standout project in the blockchain space. 

For more information, visit DogeMob’s website, and join the community on Telegram and X.

Media Contact:

Danny Ariti

Dogemob

danny@dogemob.com

Sydney, Australia

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The company is now working with a top global semiconductor foundry to finalize the design.

The business aims to enable decentralized mining with this development

Block, Jack Dorsey’s digital payments company, has completed development of a three-nanometer Bitcoin mining chip. The company is now working with a top global semiconductor foundry to finalize the design of the chip.

Block mentioned:

“With our design showing competitive performance, we are proceeding with the full tapeout. Our mining chip will utilize the most advanced semiconductor process currently available and will deliver the performance required for mining operators of all types to survive and thrive in the fifth mining epoch (the period following the recent 4th halving of the block subsidy) and beyond.”

Standalone Mining Chips

The business is making progress toward its objective of enabling decentralized mining with this development, which will include the provision of standalone mining chips as well as its own comprehensive mining infrastructure.

On April 19, the reward for mining Bitcoin fell from 6.25 BTC to 3.125 BTC as a result of the fourth halving. According to Block’s most recent financial report, the company had a 37% year-over-year rise in sales of bitcoin to clients in the fourth quarter of 2023, reaching $2.52 billion in value.

Block added:

“With a standalone mining chip, we will represent the only large, well-capitalized mining hardware vendor with such a solution. We hope this will help unlock mining system innovation and support the much-needed development of new mining system form factors and use cases.”

In 2006, Dorsey co-founded Twitter, which is now known as X. In 2009, he co-founded Square, a mobile payments firm. In December 2021, Square changed its name to Block to reflect its dedication to crypto and decentralized technologies.

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Central limit order book (CLOB) decentralized exchange Dexalot, announced its launch on Arbitrum. With this move, Dexalot is taking a step toward growing outside of the Avalanche ecosystem.

Launched in February 2023, Dexalot runs its current CLOB exchange on a dedicated application-specific chain. The choice to extend Dexalot’s trading infrastructure to Arbitrum will provide Ethereum L2 users with a number of potent features.

Its CLOB’s design offers a user experience more like that of a CEX, setting it apart from traditional AMM DEXes. With the help of Dexalot, users may set limit orders, which eliminate price slippage and increase traders’ capital efficiency. Dexalot also offers significant liquidity, excellent pricing, and clear order visibility with fraction of a penny for gas fees.

Several of these functionalities were not previously accessible on the network, and the introduction of Dexalot on Arbitrum will provide L2 users with access to them. Additionally, it will provide a dependable platform for native token launches for Arbitrum initiatives. Dexalot preserves the high decentralization that is built into Arbitrum’s architecture as all orders are put onchain without incurring any custodial risk.

Tim Shan, Dexalot’s COO said:

“We are very excited to expand Dexalot’s multichain order book with commingled liquidity to the Arbitrum community. This is a major milestone for the Dexalot team, and we are very proud to achieve on Arbitrum.”

Peter Haymond, Senior Partnerships Manager at Arbitrum added:

“Dexalot’s Central Limit Order Book on Arbitrum promises fairer pricing, deeper liquidity, and enhanced capital efficiency. Offering a centralized exchange-like experience will move DeFi closer to mass adoption.”

Dexalot has handled more than $1.1 billion in transactions since its launch. These volumes are anticipated to increase dramatically with the launch on Arbitrum, which will also provide a more secure and safe trading environment. It will also solidify Arbitrum’s position as the leading L2 for advanced on-chain trading.

Syntropy has announced today that it is renaming to Synternet, a move that highlights its progress and reaffirms its commitment to powering the future of Web 3.

In addition to a visual makeover, including a new color scheme, logo, and website design, the update will also be more closely aligned with the cutting edge technological advancements taking place in the background.

By coordinating the platform’s external image with its technical innovations and overarching goals, Synternet presents itself as a bonafide Layer-1 blockchain that drives the data infrastructure essential for a cohesive, composable Web3 ecosystem.

Daniel Haudenschild, CEO of Synternet stated:

“Synternet isn’t just a rebrand; it’s a declaration of our bold vision for the future of blockchain. By providing the data infrastructure for Web3, we’re laying the foundation for a more open, interoperable, and innovative decentralized web.”

CTO Jonas Simanavicius echoed these comments, adding:

“Our engineering team has been heads down building the technology to make the Synternet vision a reality. We couldn’t be more excited to invite the world to build and scale their dApps on our network in the coming months.”

Crucially, the shift from Syntropy to Synternet won’t have an impact on users’ $NOIA tokens, which continue to function on the Ethereum network without forcing token holders to take any action at this time.

As part of the Monaco phase of its 2024 Q2 roadmap, Synternet promises a number of significant advances in the months to come after the rebranding.

Among them are:

The Synternet Blockchain’s mainnet debut, creating a strong foundation for cross-chain data streams that are updated in real time.

The launch of a token bridge between Ethereum and Cosmos that is fully functional and allows for easy value transfers.

Substantial improvements to ease participation and foster creativity on the network, as well as to improve the experience for publishers and developers.

When Syntropy was first established, its goal was to use blockchain technology to revolutionize the way that data traveled across the internet. The need for linked blockchains became evident as the Web3 ecosystem developed. The result of this development is the mainnet, which completes the transformation of the network into a powerful Layer-1 project that connects disparate chains into a synchronized, interoperable network that drives the data economy.

As of right now, the Web3 Data Layer has a skilled staff of more than fifty Web3 specialists, and its community has amassed about 100,000 members across a variety of social media channels. Its vision is also supported by over 16,500 token holders, and prominent blockchain-focused venture capitalists have committed $10 million in funding.

Zug, Switzerland, April 24th, 2024, Chainwire

Researchers from the University of Zürich’s Communication Systems Group, in collaboration with the Acurast Association building on Polkadot and other ecosystems, have unveiled groundbreaking results in their latest study, “Performance Analysis of Decentralized Physical Infrastructure Networks and Centralized Clouds.” This work demonstrates the viability of Decentralized Physical Infrastructure Networks (DePIN) as a robust alternative to traditional centralized cloud computing platforms.

DePINs, leveraging blockchain technology and the Internet of Things (IoT), aim to enhance data sovereignty, reduce dependency on centralized models, and improve system resilience against potential failures. The research specifically highlights and evaluates Acurast, a new decentralized serverless cloud network that capitalizes on underutilized resources of smartphones to perform complex computing tasks with enhanced security and efficiency. 

Key Findings:

Enhanced Efficiency: Acurast has shown potential to perform computationally intensive tasks more efficiently than traditional cloud services like Google Cloud Platform and Amazon AWS.

Power Efficiency: Acurast significantly reduce power consumption, compared to existing centralized server infrastructure, making it an environmentally friendly alternative to existing solutions.

Empirical Evidence: The study provides empirical evidence supporting the theoretical benefits of DePINs, demonstrating Acurast’s ability to handle computationally intensive applications with reliability and cost-effectiveness.

“The advent of decentralized technologies presents a unique opportunity to rethink how we manage and operate digital infrastructures,” said Jan von der Assen, PhD student and Junior Researcher of the Communication Systems Group (CSG) at the University of Zurich (UZH) on the project. “Acurast not only challenges the status quo but may also present a scalable, secure, and sustainable model for future computing needs.”

This research marks a significant step toward understanding and harnessing the power of DePINs for computing. It opens up a real alternative to existing cloud providers for applications in all industries, especially where confidentiality is paramount.

The full research paper is publicly available and has been accepted at the upcoming DePIN Workshop of the International Conference on Blockchain Technology (ICBC) 2024.

About University of Zürich’s Communication Systems Group

The Communication Systems Group (CSG) at the University of Zurich focuses on research and development in networked systems and communication mechanisms. The group is dedicated to advancing the state of the art in communication systems, network security, and infrastructure development.

About Acurast Association

The Acurast Association is dedicated to breaking up the cloud monopoly with Acurast using mobile hardware, thereby democratizing and decentralizing the cloud. Allowing everyone to become a part of the cloud through their mobile devices. Providing developers with unrestricted, permissionless access to computing resources that are secure, cost-effective, and confidential.

Contact

Co-FounderPascal BrunAcurasthi@acurast.com

Gate.io, a top crypto exchange and Web3 innovator, and Huawei Cloud, a leading cloud computing provider delivering cutting-edge Web3 infrastructure, successfully co-hosted the ‘Token2049 Gate.io Exclusive Night VC & Web3 Ecosystem Party’ side event on April 19 at TOKEN2049 Dubai. Hundreds of guests attended the event, which featured speakers from various projects, VCs, blockchain ecosystems, and institutional firms.

With top-tier panel rosters and expert keynotes from Dr. Lin Han, Founder and CEO of Gate.io, and Cui Lei, Web3 General Manager of Huawei Cloud, this premier side event was about leveraging the ambition and positivity around the halving and TOKEN2049 and turning that into actionable insights for guests.

The event commenced with Dr. Lin Han’s opening speech, addressing the challenges of integrating blockchain technology into our daily lives and emphasizing the importance of infrastructure solutions. Drawing an analogy to the early days of the Internet, he highlighted that a comprehensive approach to these challenges, such as Gate.io’s multifaceted services and infrastructure, would help to accelerate the pace of widespread, mainstream usage. The next speaker, Cui Lei, delivered a keynote speech that further expanded on the critical challenges related to Web3 infrastructure and how Huawei Cloud addresses them, shedding light on the company’s innovative ‘everything as a service’ approach.

The event also included two engaging panel discussions with speakers from Huawei Cloud, Cypher Capital, Waterdrip Capital, M55 Capital, LKI Consulting, Sinohope, Safeheron, and ContinuumDAO. The first delved into the impact of prevailing and historical patterns on the digital asset market’s future trajectory and analyzed whether it will deviate from its traditional cycle. Meanwhile, in the second, speakers shared viewpoints and concepts related to the possible market developments and advancements that will shape the digital asset space following the halving.

During the discussion on digital identities in the decentralized era, Fred Hsu, CEO and co-founder of D3, one of Gate.io’s Web3 identity partners, emphasized the importance of interoperability, future-proofing, and universality. The conversation revolved around how D3 is creating a seamless and secure Web2-Web3 domain system that can function across multiple platforms and networks while ensuring that it remains relevant and adaptable to future technological developments.

The in-depth and insightful discussions, along with ample networking opportunities with leaders from across the spectrum, made for an enriching experience for all who participated. Overall, it was an excellent platform for individuals to connect, learn, and gain valuable insights into the world of cryptocurrency and blockchain tech.

In closing, Gate.io extends gratitude to event co-host Huawei Cloud, the guests and speakers, and the sponsors who helped make this the premier TOKEN2049 side event, namely M55 Capital, D3, nSure.ai, and LTP.  M55 is a French crypto fund at the forefront of leveraging the untamable but regulated space, teaming up crypto veterans’ with TRADFI’s established networks. nSure.ai is the Fiat-to-Crypto fraud prevention provider of choice, offering fraud prevention managed services based on adaptive AI using behaviour pattern detection, delivering high-efficacy decisions in under 300ms with up to 98% approval rates and a chargeback guarantee for zero-risk net incremental profit. Lastly, LTP leads the way in digital asset prime brokerage, seamlessly connecting centralized and decentralized exchanges while handling over $400 billion in annual trading.

Disclaimer:

The content herein does not constitute any offer or solicitation. The products and/or services mentioned herein are only available to persons outside Dubai. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/zh/user-agreement.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Stacks, the leading Bitcoin layer 2, saw its highly anticipated Nakamoto upgrade roll out begin today. Serving as a scaling solution for the Bitcoin network, Stacks empowers developers to create smart contracts and build applications atop the most valuable, decentralized, secure base layer, bringing new use cases to the Bitcoin economy. 

Bitcoin is the most secure, robust, user-ready, and untapped crypto asset – and the market is now awakening to the potential of Bitcoin as the foundational layer for DeFi and more. The rise of Bitcoin layer 2 solutions empowers developers to build a plethora of new applications and solutions for borrowing and lending, swapping assets, trading Ordinals and NFTs, and more, effectively expanding Bitcoin’s utility. 

The advancements made by layer 2 solutions, exemplified by the Stacks Nakamoto upgrade, will significantly contribute to this resurgence. Bitcoin, when coupled with layer 2 solutions like Stacks, fosters an economic ecosystem around BTC through apps and smart contracts, ultimately unlocking over $1T in dormant capital. In Bitcoin’s “season 2,” we witness the separation of BTC, the asset from Bitcoin, the infrastructure. 

“We’re in the midst of a big moment that’s all about the return of builders to Bitcoin,” says Muneeb Ali, co-creator of Stacks. “Innovations like Ordinals, Runes, and various layers have made Bitcoin fun again for developers and highlighted the massive opportunity to bring new use cases to the largest crypto economy. The Nakamoto upgrade of Stacks this week is emblematic of the wider progression for the Bitcoin ecosystem as it scales rapidly beyond a store of value and into a secure base layer for experimentation and economic growth.”

When the Nakamoto release finishes rolling out over the next month, users can expect faster, more cost-effective transactions as well as transactions that are as irreversible as Bitcoin’s. The Nakamoto upgrade will usher in fast (5-second) blocks, a significant improvement over the current 10-30 minute blocks tied to Bitcoin’s block times. This has the potential to ease congestion on Bitcoin by facilitating faster, cheaper transactions on the L2 and better supports a growing number of Bitcoin DeFi applications.

This release solidifies Stacks’ position as a dependable network for developers leveraging smart contracts on Bitcoin, making it faster, more secure, and enhancing the overall user experience. Stacks, building off years of experience in the Bitcoin ecosystem, is uniquely positioned to provide layer 2 capabilities for developers, institutions, and others hoping to access the Bitcoin economy. 

About Stacks

Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto release, to be followed by the sBTC release, brings faster speeds and transactions backed by 100% Bitcoin finality. ‍Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $1T in passive capital as a fully programmable, productive asset. 

The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project is explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more. 

Worldcoin plans to raise the supply of WLD tokens by up to 19% in the following 6 months.

The available supply of WLD will rise in tandem with World Assets’ projected weekly sales.

In a series of private sales to institutions outside the US, Worldcoin led by Sam Altman plans to raise the supply of its WLD token by up to 19% in the following six months.

In a blog post published on April 23, Worldcoin announced that World Assets, a division of the Worldcoin Foundation responsible for issuing tokens, will sell up to 1.5 million WLD, or approximately worth $8.2 million, weekly through a string of “private placements to a select group of institutional trading firms” based outside the United States. According to Worldcoin, the available supply of WLD will rise in tandem with World Assets’ projected weekly sales of half a million to 1.5 million WLD.

Limiting Potential Influence on Token’s Price

According to CoinMarketCap, the current market value of WLD tokens is around $197 million. A six-month supply increase of 1.5 million tokens each week would result in 36 million additional tokens entering the market.

During the same time period, the private sales increased the total accessible supply of WLD tokens by 18.6%, bringing the current circulating supply to 194 million.

To limit the potential influence on the token’s price, Worldcoin said it will work with individual trading companies, particularly those involved in competition, to conduct private placements as near to “prevailing [WLD] market prices” as feasible.

Worldcoin brags about having a market valuation of $1 billion at the moment. The overall worth of the tokens if they were all in circulation, known as their fully diluted value (FDV), is $54.5 billion, thus this is little compared to that.

Users of Worldcoin verify their identities using the “World App” by scanning their retinas at what the firm calls “Orbs.” Users get around 25 Worldcoin (WLD), in return for their biometric data.

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Hydro Online proudly announces the launch of its innovative platform, a transformative solution that enables a completely passive and seamless revenue stream for websites and digital applications. This service is designed to supercharge revenue generation across digital platforms without the complexities of traditional advertising methods, or data collection.

Revolutionizing Digital Monetization with Hydro Online

Hydro Online introduces an unique approach to monetization that is both passive and integrates seamlessly. It serves as a perfect alternative or complement to systems like Adsense, but without the reliance on disruptive ad placements. This new platform, built on the robust Sui Network, is tailored for all digital environments, whether desktop or mobile, enhancing the user experience by maintaining a clean and engaging interface.

Innovative Features and Easy Integration

The platform’s integration process is designed to be swift and straightforward, requiring only 5 to 10 minutes to set up, and is completely free to use. Hydro Online’s novel approach ensures that websites and apps can enjoy an uninterrupted revenue flow that does not necessitate active management or oversight. The essence of this system lies in its ability to generate income purely based on user engagement time, redefining the value of digital content.

Hydro Online emphasizes its commitment to ethical practices, explicitly stating that the platform does not engage in web mining or any other intrusive methods. This guarantees that the website’s performance remains unaffected, preserving the integrity and security of user devices.

Integrating Blockchain with Decentralized Physical Infrastructure Networks (DePINs)

Incorporating the principles of decentralized physical infrastructure networks (DePINs) represents a significant advancement in Hydro’s technology. DePINs enhance the security, efficiency, and transparency of digital systems by leveraging blockchain technology. By utilizing its Masternodes, Hydro is building a strong Depin network of infrastructure nodes to host and bolster the operations of all its supported networks, with plans to support even more in the future.

This strategy not only boosts the security and reliability of the SUI network but also establishes Hydro as a trailblazer in decentralized website infrastructure solutions.

Strategic Partnerships and Visionary Future Plans

Looking forward, Hydro Online has disclosed an upcoming partnership with a major streaming platform, which will significantly expand the reach and efficacy of the platform. Over the next 12 months, the focus will be on refining the platform’s features to their ultimate potential, followed by a phase of growth and expansion aimed at setting new standards in digital monetization.

Hydro Online invites web publishers and app developers to sign up now and be among the first to try the future of website revenue generation. This is an opportunity to join in digital monetization and experience firsthand how the platform can transform passive browsing into active earning.

About Hydro Online

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Having posted a bail of $175 million, the founder of Binance is now in the United States.

Additionally, CZ was accused by the US authorities of willfully violating US laws.

U.S prosecutors submitted a court filing alleging that Binance founder Changpeng Zhao violated anti-money laundering rules (AML) and recommended a 36-month jail sentence for Zhao. The most recent information is that on April 30, Zhao, who resigned as Binance head in November of last year, would be sentenced.

A maximum of eighteen months in jail is what CZ should face according to federal sentencing guidelines. No hearing up to that point would allegedly be challenged by Zhao and his legal team. Having posted a bail of $175 million, the founder of Binance is now in the United States.

Willful Violation of U.S Laws

Nevertheless, the US prosecution argued that a 36-month sentence over guidelines was justified at the hearing in the US district court for the western district of Washington, considering the seriousness and effects of Zhao’s intentional violation of US law.

Additionally, CZ was accused by the US authorities of willfully violating US laws. As part of Binance’s growth plan, U.S. authorities claim that Zhao and Binance intentionally targeted users in the United States. They ran the business for a long time knowing that this strategy would put Binance in breach of U.S. regulations, yet they nevertheless did it.

The importance of ignoring U.S. restrictions to Binance’s success and development was even admitted by Zhao himself. The prosecutors pointed out in the complaint that he bragged about how following U.S. law would have curtailed Binance’s expansion and earnings during the previous two years, including cash gained from the network effect.

U.S prosecutors claim that Zhao’s willful disobedience to U.S. law was not accidental. Rather, it was a strategic decision driven by his desire to attract consumers, grow his firm, and profit himself.

Highlighted Crypto News Today:

Crypto Transaction Batching Can Add Up to Some Big Savings on Gas Fees

If you ask any investor in the world today about their reason for investing in any project, they’ll tell you that what they want is getting great returns and wealth! This is what Bitgert is bringing to the table as the presence of the community that can maximize the market sentiment and the upgrade in technology features is drawing the attention of investors. Although Bitgert has all these features in place, it’s still committed to making more plans to supersede every other altcoin in the market.

Bitgert is Revolutionizing Crypto Norms

Bitgert is reshaping the manner of operations in the crypto market by introducing a fast blockchain that supports multiple transactions per second. Investors don’t need to worry about sluggish transactions as they can easily trade their digital assets on the Bitgert platform. This in turn is driving their confidence so high to constantly invest in the Bitgert coin. Also, Bitgert has an ecosystem that can ensure the protection of digital products.

You may have experienced a situation where you wanted to trade one of your assets and could barely achieve that because of the slow process of the blockchain. Well, this is frustrating many investors and that’s why, Bitgert is becoming a hub for financial platforms thanks to its blockchain that allows several transactions within a short while (100,000 TPS) as well as the payment of zero gas fees. Investors can’t ignore a platform that allows them to perform activities like this and that’s why Bitgert continues to catch their attention!

Also, do you know that when you invest in Bitgert, say you start with $100, you’ll get the exact amount of token you purchased after investing? Yeah, with the Bitgert coin, you don’t need to worry about any hidden transaction, as it’s an asset that charges zero taxes. This is why the Bitgert coin is predicted to experience a surge this month. Without any doubt, let’s have a look at another reason why investors are interested in the price surge of Bitgert that’s predicted to happen this month.

Bitgert: Expansion Strategy, An Eye-catching Project

Many altcoins are finding it difficult to thrive in the market because they are available on a few platforms. This is making them less accessible to people. With Bitgert, it’s a different scenario, as there’s an expansion plan to enable the coin to be present on several decentralized platforms. Through Bitgert’s partnership with other hubs, the coin is available on popular exchange listings like Kucoin, Binance, Gate.io, and CoinmarketCap. 

The availability of Bitgert on several exchange listings is enabling its accessibility to global investors. This isn’t only pushing the price to go higher but strengthening the confidence of investors in it. Get a Bitgert coin now and be sure to live up to your financial expectations!

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Have you been looking for an asset that can give you the highest and fastest returns? The cryptocurrency market has become a sea of possibilities for people to invest some money and earn huge profits from the tokens. The BEFE coin is one of the jewels in this sea of currencies that can even turn £100 into millions with the growth that it is having in the market.

The BEFE coin is a utility token now that started off as a meme currency for just fun. With the growth rate that the BEFE coin has today, it is not too much to say that it may even become one of the biggest altcoins in the market. Let’s check out what is helping the BEFE coin grow and if it will make your investments skyrocket or not.

The Growth of BEFE Coin 

A lot of people did not even have an idea that the BEFE coin was originally not meant to be traded as a regular token in the market. BEFE coin was launched in August 2020 as a parody token and was transferred only through personal transactions. The BEFE coin has been listed on various exchanges recently and it has helped the BEFE coin become one of the fastest-growing cryptocurrencies in the market.

The BEFE coin is compatible with the EVM methods and has been built on the Ethereum chain which is why it is easier to convert to a utility token. The recent announcement of the BEFE coin contains the transformation of phase 5 on the Solana chain and thus expansion of the market with more crypto projects.

The BEFE coin has become major transactional crypto for a lot of projects and that is how the BEFE coin is growing its utility. Staking on Bitgert also supports the BEFE coin and the users are rewarded with the BEFE coins. So, in all the BEFE coin is growing at a rapid rate that nobody could have anticipated.

The Market Performance of BEFE Coin 

The BEFE coin has been performing well in the crypto market as well. Being launched in 2020, the BEFE coin has not been on many exchanges for the last two years. It is recently that the BEFE coin was introduced on 4 exchanges and with the successful reaction of the investors, the token is getting on more exchanges as well.

The BEFE coin is growing at nearly 20-30% per month in terms of the trading volume. This growth rate is enough for the BEFE coin to touch the $1 mark in very little time. The BEFE coin has great market scores as well with an RSI score above 55 and the feed & greed ratio under control. The BEFE coin owes it to the accepting crypto market that the BEFE coin is growing so rapidly.

Conclusion 

The BEFE coin has captured over $45M in the crypto market as a capital but even right now, it is quite small as to what the token wishes for. The current time is best to invest in the BEFE coin as it has proven its worth by being in the market without being termed illegitimate. So, you can invest in the BEFE coin to have the largest profitable run in history.

Blockchain-based finance cuts out the intermediaries to save users on transaction costs, but that doesn’t mean it’s entirely free to use. Rather than giving the bank its cut, users are instead required to pay “gas” fees, which are used to reward either the miners or the validators that process payments and secure the underlying blockchain. 

With most blockchains (but not all!) these gas fees are much lower than what a traditional bank would charge – especially for cross-border payments. But in some circumstances they can be very expensive. Ethereum, for example, is notorious for its high-traffic causing big spikes in gas fee costs, and some users have been forced to pay hundreds of dollars to ensure their transactions are processed in a timely fashion. 

Fortunately, crypto is nothing if not innovative, and there are several ways users can reduce these gas fees. One of the most efficient new methods is Ambire Wallet’s transaction batching capability. 

What Is Transaction Batching?

As the name suggests, transaction batching involves bundling several payments into one, so the user only has to pay the gas fee once to perform several transactions. This can help reduce gas fee costs by a significant amount, which is why it’s becoming more common with the growing awareness of smart wallets that support this capability.

For instance, Ambire Wallet enables transaction batching by using smart contracts that can hold multiple transactions and process them together simultaneously, distributing the outcomes to the recipient wallets in one fell swoop. The gas fee is only paid once, split across however many transactions the user decides to batch. 

When Is Transaction Batching Useful?

There are many real-world situations where this feature might help to save on gas costs. The obvious use case is decentralized finance or DeFi, where users often have to make multiple transactions to swap tokens and shift their funds into different protocols. Then there are times when blockchain networks can be heavily congested, resulting in exorbitant gas fees. Users can save a lot of money by batching transactions during these peak times. 

An example of this might be when a popular new NFT collection is minted. Such NFTs are often in huge demand, and thousands of people try to mint them all at once, putting severe strain on the underlying network and increasing costs. 

How Transaction Batching Saves Money

While there are other ways to reduce transaction costs, such as using Layer-2 networks and special gas tokens that enable lower fees, few solutions are more elegant than batching transactions. 

Transaction batching can be used to great effect in various ways. For example, a user might batch a transaction approval and swap into one to save gas fees, or else batch multiple swaps on the same blockchain network into one. They could buy a new token, such as SOL, and then stake it in a DeFi dApp in one go. Alternatively they might want to send a series of payments to different addresses, in which case it makes sense to bundle them. In some cases, the user might need to swap a token first so they have the funds required to make a payment in a different token. This swap and send can also be bundled into one. 

For example, let’s say Joe has all of his crypto savings in an obscure token like FET but needs to use FLOW to buy an especially desirable new NFT that’s being minted on the Flow blockchain. Because most exchanges don’t support FET to FLOW swaps, Joe will need to swap his FET to buy a more common token such as ETH. Then, he must swap his ETH for FLOW. Finally, he’ll use his FLOW to buy the actual NFT. So that’s three transactions. 

We can visualize this. Let’s say Joe’s NFT costs 2,165.10 FLOW ($2,602) and he’s trying to buy it at a time when both the Ethereum and Flow networks are heavily congested:

Transaction 1: Joe swaps 1,000 FET for 0.735 ETH and pays 0.06731091 ETH ($240) in gas.

Transaction 2: Joe swaps his 0.735 ETH for 2,165.10 FLOW and pays 0.046725 ETH ($166) in gas.

Transaction 3: Joe pays 2,165.10 FLOW to acquire the NFT and pays 12.55 FLOW ($12.55) in gas.

So the total gas cost is $418 across the three transactions.  

But by consolidating those transactions into one, Joe simply pays just one fee, which is the average gas cost of those three transactions. As such, Joe’s total gas fees are just $139.33. That’s a pretty big saving, and Joe is going to be very happy. 

Other Benefits Of Transaction Batching

Transaction batching isn’t just about the savings. Another major benefit is improved security, as the ability to consolidate payments and swaps will minimize the attack surface. Because only a single transaction is broadcast to the network, it reduces the window of opportunity for hackers. In addition, wallets like Ambire that support transaction batching also offer a simulation feature that enables users to preview the outcome of complex, batched transactions, reducing the chances of the user making an error.

A final benefit is enhanced scalability for the underlying blockchains. Processing multiple payments and swaps at once reduces the overall load on the network, putting it under less strain and benefiting every user. So, if transaction batching becomes more commonplace, it could go a long way toward helping blockchains scale. 

Saving Users Time And Money

It might be a relatively simple concept, but transaction batching promises to be a game-changer for blockchain users, helping them to save a significant amount of money on gas fee costs. For instance, Ambire Wallet claims to have saved its customers a combined $27,000 on gas fee costs since launching this feature last year. 

The ability to batch transactions results in faster and more cost-efficient blockchain payments and is yet another example of how cryptocurrency is innovating to provide users with advantages that simply aren’t possible with traditional finance. 

Have you been searching for a path to convert your small investments into huge opportunities? Well, then the crypto world has a huge chance for you to become a millionaire in very little time. The BEFE coin in the crypto market is going to become the next big thing in the market with the current growth rate that it has.

The BEFE coin is a token that started off as a meme currency but has now become one of the fastest-growing utility tokens in the market. It was introduced to the market as a way to create a parody community in the crypto world. The BEFE coin initially planned to be the biggest meme currency but recently, there have been multiple pivots in the functioning of the BEFE coin.

Let’s take a look at what the BEFE coin is about and how it will be profitable to the investors.

Turning the Pages with BEFE Coin 

The BEFE coin is one of the most versatile tokens that users can have in the crypto space. BEFE coin started its journey as a small meme currency that was only shared amongst a community as parody or humour. Then the BEFE coin was shared within the community and even started being traded as a meme token. Recently, the BEFE coin has pivoted from being a meme currency only to becoming a utility token.

The BEFE coin has partnered up with the Bitgert chain as well and people who stake in the Bitgert get BEFE coin as a reward. The BEFE coin is based on the Ethereum network which makes it EVM compatible too. Then, the BEFE coin has also announced phase 5 which will lead to the use of the Solana chain for the cryptocurrency.

All of these moves have been in the direction of growth for the BEFE coin and have helped the investors in getting as much profit as possible. Let’s also see how the BEFE coin is performing in the trades to judge if it will be the next big thing.

The Financial Growth of BEFE Coin 

The BEFE coin has become a cap token in very little time with the help of its constant tries to increase its utility. The BEFE coin has a strong backend team that keeps promoting the token in front of the people. Now, the BEFE coin has a market cap of more than $45M which makes it quite a remarkable token.

The BEFE coin is also being traded on more than 6 exchanges currently which increases the number of trade orders for BEFE coin. The trading volume of the BEFE coin is also increasing rapidly which has helped promote the price of the token higher. Then the RSI score and moving average of the token are also on the positive side which shows that there is a buying signal for the token in the market.

Overall, the BEFE coin is predicted to become a large token soon and initiate huge profits for investors.

Conclusion 

The point that the BEFE coin is here to make a mark for the future is abruptly clear by now. The experts predict that the BEFE coin may grow 500% by the end of this year. Then there are some other predictions too that suggest the BEFE coin to touch $1 soon. All of these predictions are in favour of the BEFE coin hence making this token one of the most sought-after ones.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

A cryptocurrency project that tends to proffer solutions to the challenges faced by investors in the crypto space, finds it easy to establish itself in crypto space when it impacts investors interest. There are so many factors that attract investors into any cryptocurrency projects, this includes easy transactions, efficiency, security and scalability. These are the secrets bitgerts has acquired, which has made its exchange grow and price surge increasingly.

Bitgert is structured to provide the best cryptocurrency experience with the features embedded in it. This has positioned it as one with huge potential to skyrocket in the future, with many investors and traders  investing in the coin and harnessing the opportunities it brings.

BITGERT Coin Price: The Near Future Is Safe For Potential Investors 

The high potential of Bitgert to do great in times of difficulty, has led to the recent surge in the coin and has attracted a large number of potential investors looking to secure their future in the crypto space.

It’s desire has been the will to construct an exceptional blockchain, where exchanges are done fast and reliable. This success has brought the goal of addressing the challenges faced by many existing blockchains achieved. This has led to high demand for its coin by investors and will yield a massive increase in its price ahead of the future.

It has brought to the notice of investors the component of its quick exchange speed, making for a bright future in place. Bitgert coin price will be looking at a near future uptrend as it has got the attention of potential investors and experts of the crypto space.

Bitgert Coin: Scalability Seeing Its Price Bullish Momentum For The Future

Bitgert has made a scalable exchange for investors to trade, whereby transactions made in the exchange are secured. Bitgert has caught the attention of investors and has made them know the benefits of crypto space. This has drawn a lot of attention from investors and has made them invest as they set out to see what the future holds.

The ability of investors to harness the potential of its exchange has been the force driving the success of bitgert, as it has made experts invest in forecasting the future price. It has ensured that the level of scalability in its exchange is relatively good for investors to enjoy their trading.

Bitgert’s emergence has made it a top contender in the cryptocurrency world, this has seen it gain the notice of investors. It has also seen the adoption of its coin being on the rise which will further lead to a surge in its price.

Conclusion 

Bitgert coin price has been seeing a good movement upward in recent times. This has made investors attracted to it, making them buy and hold for the future. The price of bitgert is set to surge high in the nearest future seeing the potentials embedded in it.

Check out the website to know more about bitgert