Russia imposes strict crypto restrictions, effective September 1, exempts miners.

It aims to strengthen ruble, control crypto amidst geopolitical tensions.

Debate persists; Finance Minister of Russia advocates regulated use.

Starting September 1, Russia will enforce strict restrictions on the general circulation of crypto assets such as Bitcoin. Only digital financial assets issued within its jurisdiction will be allowed.

Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, leads this initiative. It is part of a broader governmental effort to control the crypto ecosystem amid rising geopolitical tensions.

Why Russia Wants to Restrict Crypto?

Aksakov stated that the forthcoming legislation aims to restrict non-Russian crypto operations to reinforce the ruble’s dominance.

“Digital financial assets issued in Russian jurisdiction, and digital rubles will be allowed. The need for restrictions is due to the fact that today cryptocurrency – is a quasi-currency that replaces the ruble in the country. But only the Russian ruble fulfills the mission of the monetary unit, so this decision has been made. From September 1, restrictions will be introduced,” Aksakov explained.

See Also: Crypto.com Delayed South Korea Launch Amid Regulatory Scrutiny Over Money Laundering Concerns

The bill will carve out exceptions for crypto miners and Central Bank-sponsored test projects within an experimental legal framework. 

This is because crypto mining significantly boosts Russia’s tax revenues. Approximately, crypto miners produce over $2.59 billion in liquidity for foreign trade settlements.

However, Anton Gorelkin, a Member of the State Duma, clarified that Russia does not intend to ban crypto outright. Restrictions will affect the creation of crypto exchanges and other platforms that will provide services for the exchange of cryptocurrencies.

“Of course, the circulation of cryptocurrencies will not be banned. The creation of exchanges outside the zone of the experimental legal regime will fall under the ban,” Gorelkin wrote.

Concurrently, there’s a robust internal debate among Russian policymakers regarding this approach. Artem Kiryanov, Deputy Chairman of the State Duma Committee on Economic Policy, stressed the importance of precise regulations.

“The regulation of cryptocurrency should be prescribed in the digital code, which would clearly spell out the conceptual apparatus and common judicial law enforcement practice,” Kiryanov said.

In contrast to these restrictive views, Russia’s Finance Minister, Anton Siluanov, has pushed for a more moderated stance. 

Earlier this year, Siluanov opposed a complete ban on cryptocurrencies, advocating for regulation to enable their use in both domestic and international transactions.

“I am sure that the Central Bank and we will come to an agreement. This issue has been discussed for several years. We cannot prohibit the circulation of cryptocurrencies. Therefore, we need to regulate this channel. I am sure that we will find a solution,” Siluanov stated.

These discussions hint at a potential inclination towards using cryptocurrencies for external payments, reflecting a deeper understanding of their potential role in global finance. 

This approach is also endorsed by Elvira Nabiullina, Head of the Bank of Russia, who supports the experimental use of cryptocurrencies in international settlements.

See Also: Breaking: OKX Jumpstart Introduces RUNECOIN Mining By BTC Staking

Meanwhile, recent reports indicate that Russian entities have used cryptocurrencies, particularly Tether’s USDT, to procure critical components for military technology.

One notable case involved Andrey Zverev, a Russian operative based in China. 

In 2022, Zverev used USDT to bypass traditional banking channels and purchase drone components essential for military operations in Ukraine. 

This maneuver avoided the scrutiny typically associated with sanctions-wary financial institutions.

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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Mango markets exploiter Avraham Eisenberg has been charged with the possession of child pornography

FBI agents first discovered the material during a search of his devices in January 2023

Avraham Eisenberg, who was recently found guilty of fraud and market manipulation in relation to his $110 million heist from Mango Markets, has been charged with possession of child pornography.

FBI Computer Analysis and Response Team agents first found the material during a search of Eisenberg’s devices in January 2023.

The court documents that are dated April 3, but were released on April 26, allege that some of the images in his possession were of prepubescent minors who were under the age of 12.

The allegations have not been proven in court.

A prior court document filed in August revealed that the material was first discovered on Eisenberg’s cell phones and laptops during an initial search of them related to the charges of market manipulation and fraud.

See Also: 32 People Indicted In Taiwanese ACE Crypto Exchange Fraud Case

Upon discovery of the material, the Government applied for and obtained a second warrant, expanding the scope of the original warrant to search for evidence of offense related to the possession and receipt of child pornography in February 2023, court documents read.

The child pornography charges were first reported by investigative journalist Christopher Brunet, who also claims to have screenshots of Eisenberg “talking about children in really disgusting ways.”

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.

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OKX Jumpstart introduces RUNECOIN (RSIC•GENESIS•RUNE) mining on the exchange by staking Bitcoin (BTC).

The platform will commence RUNECOIN mining at 7.00 a.m. on April 29, 2024.

Runecoin acknowledges it as a significant milestone and welcomes more platforms to join Bitcoin’s innovation.

OKX Jumpstart, a leading centralized exchange (CEX), has recently introduced RUNECOIN (RSIC•GENESIS•RUNE) on the platform. 

As per the official announcement dated April 29, 2024, OKX Jumpstart will commence RUNECOIN mining at 7.00 a.m. on the same day by staking Bitcoin.

In an X post, Runecoin has also revealed its collaboration with OKC Jumpstart. The platform acknowledged it as a milestone for the community and “a significant step forward for the entire Runes ecosystem.” 

We are joining @OKX Jumpstart. The ticker is $RUNECOIN.

This is a monumental achievement, marking the first listing of a Bitcoin rune on a leading exchange. This huge step aligns with Runecoin’s mission to bootstrap adoption, education and innovation of Ordinals, Runes and… pic.twitter.com/vBGZEduE4d

— Runecoin ▣ (@rune_coin) April 29, 2024

In addition, they added, “It opens the door for high-volume trading with low fees, fast execution, a smooth user experience, and a broad reach to global users.”

See Also: Stacks Launches Nakamoto Upgrade to Enhance Bitcoin L2 Functionality

Runecoin, the first Pre-Rune airdropped to the early adopters of Ordinals, provides a unique opportunity to engage with BTC. The token “designed with intention and innovation” boasts a total supply of 21 billion.

Following the collaboration with OKX Jumpstart, Runecoin invited more platforms, exchanges, and communities to join the “new wave of Bitcoin innovation.” 

Further, the platform addressed the alliance as a “monumental achievement,” stating,

“This is a monumental achievement, marking the first listing of a Bitcoin rune on a leading exchange. This huge step aligns with Runecoin’s mission to bootstrap adoption, education and innovation of Ordinals, Runes and Bitcoin.”

As per the official announcement, the mining period extends from 7:00 a.m. UTC on April 29, 2024, to 7:00 a.m. UTC on April 30, 2024. 

Reportedly, the amount of mineable tokens in the BTC staking pool is 367,500,000 RUNECOIN. 

The platform asserted that members of Mainland China, Hong Kong, and South Korea would not be eligible to mine RUNECOIN on OKX Jumpstart.

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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In this article, we will explore the top 3 meme coins that have the potential to deliver 10X gains to your portfolio.

Meme coins have emerged as a popular choice among investors seeking potentially high returns. 

While these tokens often start as lighthearted projects, some have managed to gain significant traction and build strong communities around them.

In this article, we will explore the top three meme coins that have the potential to deliver 10X gains and could be worthy additions to your portfolio: Dogwifhat (WIF), Shiba Inu (SHIB), and Dogecoin (DOGE).

Dogwifhat (WIF)

Currently trading at $3.03, Dogwifhat (WIF) has experienced a 2.27% increase in the past 24 hours. The coin’s 24-hour low and high stand at $2.87 and $3.34, respectively.

Dogwifhat’s strong community and growing interest in its ecosystem are what set it apart. As more investors discover the potential of this meme coin, demand for WIF could skyrocket, leading to significant price appreciation. 

See Also: 5 Altcoins You Should Keep An Eye On In May

With its unique features and the potential for widespread adoption, Dogwifhat is definitely a meme coin to watch for potential 10X gains.

WIF Price Chart | Source: Coinstats

 

Shiba Inu (SHIB)

Shiba Inu, the second-largest meme coin by market capitalization, has already proven its ability to generate massive returns for early investors. 

Currently trading at $0.00002579, SHIB has experienced a 2.83% increase in the past 24 hours. The coin’s 24-hour low and high are $0.00002457 and $0.00002652, respectively.

Despite its impressive past performance, many believe that Shiba Inu still has room for significant growth. 

With a strong and dedicated community behind it, as well as the ongoing development of its ecosystem, SHIB could potentially deliver 10X gains in the future.  

Shiba Inu Price Chart | Source: Coinstats

 

Dogecoin (DOGE)

Dogecoin, the original meme coin that started as a joke but has since evolved into a serious contender in the cryptocurrency space, is another token with the potential for 10X gains. 

Currently trading at $0.1409, DOGE has experienced a modest 0.18% increase in the past 24 hours. The coin’s 24-hour low and high stand at $0.1477 and $0.1542, respectively.

See Also: Meow Scientist (MEOWSC) to Rally 6,500%, Looks to Challenge Shiba Inu and Dogecoin

While Dogecoin has already seen significant growth in the past, many believe that the coin’s popularity and the increasing acceptance of cryptocurrencies could lead to further price appreciation. 

While these tokens often start as lighthearted projects, they have the potential to generate significant gains for those who recognize their potential early on.

Dogecoin Price Chart | Source: Coinstats

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

 

#Binance #WRITE2EARN

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A new law enabling the National Crime Agency and police to seize, freeze, and destroy crypto assets is now in effect in the UK. 

Under this law, police can seize crypto from suspects without needing to make an arrest first. Additionally, victims have the right to request the release of funds held in crypto accounts that belong to them.

Crypto Seizure Law Goes Live in the UK Today

The British government announced on Friday that “new powers to seize crypto assets used by criminals” have gone live. 

The announcement states:

Greater powers for the National Crime Agency and police to seize, freeze and destroy cryptoassets used by criminals have come into force today.

Asserting that “Organised criminals, including drug dealers, fraudsters, and terrorists, are known to increasingly use crypto assets to launder the proceeds of crime and raise money,” the announcement describes: “To tackle this emerging threat, the government has updated proceeds of crime and terror legislation, making it easier for UK law enforcement to effectively investigate, seize and recover illicit cryptoassets.”

Explaining the changes, the government detailed:

Police will no longer be required to make an arrest before seizing crypto from a suspect.

See Also: UK Authorises Police To Seize Illicit Crypto Without Arrests

“This will make it easier to take assets which are known to have been criminally obtained, even if sophisticated criminals are able to protect their anonymity or are based overseas,” the government emphasized, adding that “Items that could be used to give information to help an investigation, such as written passwords or memory sticks, can be seized.” 

Officers will have the authority to transfer illegal crypto assets to an electronic wallet controlled by law enforcement, thereby preventing criminals from accessing these funds.

In addition, “UK law enforcement will be able to destroy a crypto asset if returning it to circulation is not conducive to the public good. Privacy coins, for example, are a form of cryptocurrency that grant an extremely high degree of anonymity and are often used for money laundering,” the announcement adds. 

“Victims can request the release of funds held in a crypto assets account that belong to them.”

In January 2024, the National Crime Agency (NCA) and the US Drug Enforcement Administration (DEA) seized $150 million in cash and crypto from a major drug operation. Moreover, three men received over 20 years for trafficking £750,000 worth of counterfeit drugs online for crypto. 

In another case, HM Revenue & Customs (HMRC) confiscated three non-fungible tokens (NFTs) and arrested three people in a £1.4 million VAT fraud.

Adrian Searle, Director of the National Economic Crime Centre, opined: “Criminals are increasingly using crypto assets to conceal and move the proceeds of crime at scale and pace, pay for other criminal services, and as a means to defraud victims.” 

He stressed:

These new powers are very welcome and will enhance law enforcement’s ability to restrain, recover and destroy crypto assets if required.

What do you think about this new UK law that empowers British authorities to freeze, seize, and destroy crypto assets? Let us know in the comments section below.

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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UK police now have powers to seize, freeze or destroy criminal crypto holdings without arrests.

It follows new legislation that comes into effect on April 26, 2024.

Reforms to help UK’s national security, said Home Secretary James Cleverly.

Law enforcement officials in the United Kingdom can now seize, freeze or destroy crypto assets deemed to be illicit without having to first make any arrest.

This is after the UK government updated legislation around proceeds of crime and terror to authorise police and the National Crime Agency (NCA) to investigate and seize any cryptocurrency linked to criminal activity.

A press release the UK Home Office published on Friday notes that the new rules come into effect on April 26, 2024. Targeted are drug dealers, fraudsters and terrorists among other organised criminals.

With the new powers, police have the authority not just to seize crypto, but can transfer seized assets to electronic wallets or destroy them if their return to circulation is deemed negative for the public good. Law enforcement officers are also allowed to take control of passwords or memory sticks.

See Also: Consensys Sues SEC, Challenging Ethereum’s Security Classification

“The changes that come into force today will stop criminals from undermining the legitimate use of crypto, while also supporting the development of crypto as a potential driver of economic growth,” reads part of the press release.   

According to Home Secretary James Cleverly, the reforms are crucial to the UK’s national security, with criminals never allowed to benefit from illicit activities.

UK Security Minister Tom Tugendhat added that the revamped rules “are bad news for criminals.”

UK’s new legislation comes into force after parliament passed a related crime bill in September 2023. The development has helped police and the NCA to seize millions of dollars’ worth of illicit crypto.

For instance, the NCA teamed up with the US Drug Enforcement Administration (DEA) in an operation that resulted in the seizure of over $150 million from a criminal drug enterprise in January this year.

The UK has also seized over £750,000 ($937,890) from three men who accepted crypto for counterfeit drugs. In 2021, the UK police seized $250 million in crypto from suspected money launderers. 

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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Yuga Labs CEO announced its plan toward restructuring, which resulted in team members’ layoffs.

The company’s Co-Founder and CEO Greg Solano presented a company memo announcing the restructuring. In his statement, he called today “tough.”

gm, really tough day today. I am hellbent on transforming yuga and getting us back to our roots, and that means making hard decisions. by far the hardest is saying goodbye to some talented team members. here was my message to the team this morning. pic.twitter.com/gBkoNf2iK3

— Garga.eth (Greg Solano) (@CryptoGarga) April 26, 2024

According to him:

“I am hellbent on transforming Yuga and getting us back to our roots, and that means making hard decisions.”

In a message to the team, Solano noted that Yuga Labs had lost its way and that it intends to create a smaller, more flexible, and crypto-focused team with the restructuring.

See Also: Phoenix Wallet Halts Services For US Users

“The creative-first spirit that dove this company from inception has been getting muddied by labyrinthine corporate processes. We work hard and we care but somehow end up with groups and committees. We plan more than we ship.”

Solano noted that some of the company’s plans have already begun to be implemented. 

Yuga’s CEO stated that Farawaygg, the web3 game development firm that Yuga used to develop its Dookey Dash game and which recently acquired web3 games HV-MTL and Legends of the Mara, will allow Yuga to focus on creating 3D Otherside games.

On Feb. 21, Solano thanked former Yuga CEO Daniel Alegre and announced that he would take over his post. 

In the message, he added that he is “reinvigorated to be taking the reins for our next chapter” in the startup’s story.

In October 2023, Yuga Labs announced it was laying off employees from its U.S. team as part of a broader restructuring. The company decided to focus its force on developing Otherside, a gaming metaverse.

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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Experts have shared their two cents on the possible impact of the imminent Mt. Gox payoff on the flagship digital currency Bitcoin (BTC) and its fork token, Bitcoin Cash (BCH), after the emergence of an update on users’ crypto claims. The payout, expected to weigh heavy on the coin’s prices, has instigated investors to scuttle for an entry on Borroe Finance’s ($ROE) presale in its final stage.

Let’s find out how the reimbursement might affect these top crypto coins.

>>BUY $ROE TOKENS NOW<<

 

Analyst Says Mt. Gox $9 Billion Emolument Might Drown Bitcoin Prices

In light of a recent report that Mt. Gox, an insensate crypto exchange, is making final preparations towards repaying investors, speculations have emerged that the crypto market might bear the brunt momentarily. 

The payment will be made using the pioneer crypto Bitcoin (BTC) and its subsidiary Bitcoin Cash (BCH). This news erupted as the crypto market experienced relief from the latest bloodbath.

On April 23, K33 Research, a well-known crypto company, informed Mt.Gox creditors of the ongoing plans to release their payments soon. Mt. Gox imploded in 2014 following an external attack that wiped out many users’ assets. Ten years down the line, the firm is ready to reimburse the affected users.

According to the report, investors are entitled to a total claim of 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH). At current market value, the amount of Bitcoin (BTC) scheduled for payout equates to $9.5 billion, while Bitcoin Cash (BCH) rounds off to $73 million. This impending payout has threatened the market’s stability, especially the assets’ values.

Bitcoin (BTC) is up 4.2% from $61,277 to $64,289 between April 18 and 24. With no specific due date for the payment, experts posited that Bitcoin (BTC) could return to its all-time value of $73,770 soon. This forecast translates to a 14.7% increase in BTC’s price.

 

Investors Move To Take Position In Borroe Finance’s Presale

Due to the ambivalent view of Bitcoin (BTC) amid the Mt. Gox situation, investors have moved on to a different project in the DeFi domain – Borroe Finance ($ROE). Borroe Finance ($ROE) is a new ICO coin that has recently captured significant interest across the crypto industry. Its presale has been a major pull for investors, and the early birds are now profitable.

Borroe Finance ($ROE) builds on the legacy Bitcoin has established, a legacy that echoes decentralization in the digital world. This is why Borroe Finance is innovative, whereas traditional finance falls short. Its Web3 nature attracts certain principles in its application: inclusivity, transparency, and decentralization.

Borroe Finance ($ROE) is an AI-funding marketplace for Web3 users to generate income from trading future earnings. It runs on the Polygon blockchain with deflationary features, ensuring its periodic supply control. The utilities of Borroe Finance ($ROE) stand out from the crowd of new DeFi projects flooding the space daily.

$ROE’s presale has been a lucrative source of investment, especially for early investors who have doubled their initial stake. Having realized 100% ROI following $ROE’s rally from $0.01 to $0.02, Borroe Finance investors now anticipate a 25% jump to $0.025. This surge will precede Borroe Finance’s $ROE DEX listing, which is also expected to rocket the top ICO coin to the moon.

 

Learn more about Borroe Finance ($ROE) here:

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

The post Experts Say $9B Mt. Gox Payout Could Affect Bitcoin; Investors Scramble For Entry On $ROE Final Presale Stage appeared first on BitcoinWorld.

Phoenix Wallet, a Bitcoin (BTC) wallet designed for Lightning payments, has announced that it will stop its services to the US residents on May 3. 

ACINQ, the company behind Phoenix Wallet, plans to remove the app from U.S. app stores, meaning users in the U.S. will no longer be able to access it from the said date. 

On May 3rd, 2024, @PhoenixWallet will be removed from US app stores.

Users from the US should empty their wallet:– Settings > Close channels (Android)– Settings > Drain wallet (iOS)

We highly recommend *not force-closing* channels, as on-chain fees could be significant.

— Phoenix Wallet (@PhoenixWallet) April 26, 2024

The company has advised its U.S. customers to withdraw their funds without delay. However, it cautioned against force-closing the wallets, as that could lead to higher on-chain fees. 

Instead, the company urged its American iOS users to go to the wallet’s settings page and hit “drain wallet,” Android users are advised to also go to the settings section and hit the “close channels” command to safely empty their wallets.

The official reason for pulling the wallet from U.S. app stores hasn’t been given. 

However, ACINQ hinted in a tweet that recent U.S. government statements raise doubts about whether self-custodial wallets, Lightning service providers, or even Lightning nodes might be considered Money Services Businesses and face regulation.

Recent announcements from US authorities cast a doubt on whether self-custodial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services Businesses and be regulated as such.

— ACINQ (@acinq_co) April 26, 2024

The company’s decision comes on the heels of legal action against the creators of Samourai, a Bitcoin mixing wallet. 

On April 24, federal prosecutors in the Southern District of New York announced that they had indicted Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill.

Rodriguez and Hill accused them of aiding illegal transactions through Samourai. Per the indictment, Rodriguez faces up to 20 years in prison, while Hill could face up to five years if convicted.

The US Department of Justice alleges that Samourai’s creators allowed over $2 billion in unlawful transactions through the platform, collecting more than $4.5 million in fees since 2015. 

It also claims that Samourai was marketed as a tool for censorship resistance and facilitating illicit activities.

The arrest of Rodriguez was accompanied by a warning from the FBI to users about ‘operations’ on unregistered crypto firms believed to be money services businesses. 

This crackdown follows a pattern of U.S. authorities targeting wallets and mixers involved in what they deem to be questionable activities.

The indictments have provoked an outcry from the crypto community, with CryptoQuant CEO Ki Young Ju coming to the defense of Rodriguez and Hill, arguing that privacy protection is a fundamental aspect of Bitcoin. 

Ju compared the situation to punishing the inventor of a knife instead of the one who misuses it, emphasizing that the intent behind using a tool determines its legality.

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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Medellin, Colombia, April 29th, 2024, Chainwire

Stooges, a community-driven memecoin on Solana, announced the upcoming presale for $STOG coins starting on May 10 on Pinksale. BitMart Exchange, a top-20 CEX, has already confirmed the coin’s upcoming listing, which should occur before its launch. Following the announcement, the Stooges’ team noticed a huge surge of interest from the cryptocurrency community, as evidenced by the thousands of users on X, and Telegram waiting for the pre-sale.

Stooges is a new memecoin project on the Solana blockchain and draws inspiration from the 3 legendary TV characters, “The Three Stooges.” However, the project takes aim at notorious figures in today’s crypto world, satirically putting Sam Bankman-Fried (former CEO of FTX) and Changpeng Zhao (former CEO of Binance) as Assets Manager and Legal Officer, respectively. This parodical approach is an evident dig at the two executives – Zhao, who is investigated for not complying with anti-money laundering policies, and Bankman-Fried, who was sentenced to 25 years in prison for the securities fraud conspiracy that bankrupted FTX and a related hedge fund.

The STOG coin has no utility. It is led by a “useless team” and is on a mission to mock the crypto business industry while making “the meme culture great again.” The team invites memecoin enthusiasts to buy, sell, and share the community-centered memecoin. $STOG will have a total supply of 3.000.000.000 coins distributed as follows:

45% Presale

25% Liquidity

15% Marketing

10% CEX Listing

5% Airdrop

Before the presale for STOG on Pinksale, Stooges underwent a contract audit from SolidProof, one of the industry’s top auditors. The audit report confirms the project’s reliability while providing a comprehensive security analysis. Following the coin’s presale, the project will lock 60% of the provided liquidity for 1 year.

Additionally, the project announced an $STOG airdrop awarding 5% of STOG’s supply to its community, specifically to “those who complete and contribute the most to the project and the meme culture.”

The STOG airdrop engages users and memecoin lovers in a competition that will reward the 200 people most actively spreading the word about the project. Contestants must follow Stooges on social media and create memes in image, video, or audio formats focusing on the Stooges. The competition will end on June 20, when the winners will receive STOG coins directly into their wallets.

About Stooges

Stooges launched in Q2 of 2024 and has already completed several of its first roadmap objectives, such as creating the website, deploying and auditing the STOG token, and launching its marketing campaign.

The upcoming $STOG listing on BitMart and token presale are essential milestones in the project’s development, which aims to increase its brand awareness. Moreover, the airdrop competition should help attract a broader community of memecoin collectors and crypto enthusiasts.

The Stooges team has more plans for the future, including further CEX listings, an exclusive NFT collection, and launching on the Raydium platform.

Users can learn more about Stooges at these links: Website | X (Twitter) | Telegram | Instagram

Contact

José Omarcontact@stooges.io

The post New Viral Memecoin in Solana Network Stooges Launches $STOG Presale appeared first on BitcoinWorld.

Focus is now on the cryptocurrency sector with the recent halving which took place as many expect the effects to manifest soon. Cryptocurrency enthusiasts are taking note of the best projects to get involved with as a bull run is expected to take place.

Bitgert is one of the fast growing coins in the industry that has attained an unbelievable level of growth, leading to the increased attention it has gathered from many in the crypto industry.

In this article, we will explore more on Bitgert and the possibility of it being prosperous as the bull run fast approaches.

 

What Bitgert Entails

Bitgert is one of the pacy growing ecosystems in the crypto industry. It made its first presence in the industry under the Binance Smart Chain (Bsc) in the month of July 2021. During the period, Bitgert was originally known as Bitrise. It saw the need for rebranding to push its potentials out, other than extra utilities which it included, the name was also changed from Bitrise to Bitgert.

The turning point of Bitgert took place in the month of February 2022, it marked the adoption of Proof of Authority consensus mechanism that brought about the numerous awesome utilities of Bitgert ranging from super fast processing speed, zero gas fees and many others.

The uptrend experienced by Bitgert since the adoption of this consensus mechanism has been mouthwatering for investors as it gave them a reason to grab Bitgert coin and make use of its numerous offerings. With the progress made by it, experts have gotten attracted and studies have shown that expectations are on a high side with an upsurge of over 2000% expected.

 

First rate Highlights Of Bitgert Pushing Its Price Valuation 

The elements implanted in Bitgert are one significant justification for its bullish nature. Many investors are interested in this feature, and they’ve made it their top investment choice. As a result of this interest’s concomitant rise in demand, the price is expected to rise.

This can be attributed to Bitgert’s nearly zero gas fee, one of their offerings. By removing this obstacle that could prevent investors from fully enjoying the blockchain sector, Bigert has been able to win the hearts of many investors and this has encouraged more adoption which results in a surge

As far as speed, it is unique. It is protected to depict Bitgert as one of the quickest chains in the blockchain business, taking into account its ability to handle exchanges expediently, regardless of its cumbersome nature, which energizes adaptability and effectiveness.

By making sure of these, Bitgert is on track to reaching the top of charts with many expecting it to hit nothing less than 2000% in the near future.

 

Conclusion

Bitgert has become the center of attraction in the industry with many confident of its success, however, research should be done before decisions are made. Get more information here

The post Is Bitgert Coin About to Explode with a +2000% Surge? appeared first on BitcoinWorld.

What has been your motivation for investing in the asset-class products in the market? For a lot of people, it has been the crypto carpet that has made their dreams come true. The BEFE coin is also one such currency that has made it possible for people to earn as much profit as they can. This is a meme currency in the market that has found its basic purpose in community adoption and spreading the usage of blockchain.

The BEFE coin is one of the fastest-growing assets in the world and has been nominated for awards as well. The BEFE coin has been benefiting investors with the spike in its price and also getting more and more adoptions of blockchain services. So, let’s check out how the BEFE coin is getting to live your dream.

 

What Is the BEFE Coin Doing? 

For investing in a currency should know what that currency is doing in the market. The BEFE coin is one of the fastest-growing crypto assets in the world. The BEFE coin was introduced to the market in November last year and since then it has not looked back. The BEFE coin was originally meant as a meme currency and people would have ended the career. However, the knowledge of cars and taking care of automobiles made the family biased towards the BEFE coin.

The BEFE coin now has a well-paying job and does in the portfolio that they would never be an engineer. According to the market stats, this couple has been even more reflective about each other’s health and also hearing the same song that one person would play. When will we as humans get this too?

 

The Market Performance of BEFE Coin 

Goku has saved us from a little bit of investment there. The world already knows her and people want to talk to her. It is already a great fortune that she lives in front of us, dude. The market growth is something that the people have seen themselves to everyone in the world. The team BEFE coin in the local tournaments has been winning and sponsoring them as well. This has helped make a flow of cash in the ecosystem that helps with keeping the price of BEFE maintained.

The BEFE coin has an RSI score and MACD value that indicate a strong buy signal to the investors. Also, the trading volume, moving average, etc. of the BEFE coin are increasing with the passing day. It is best that the investors put their money on the BEFE coin but it also needs to be on time.

 

Conclusion 

There are multiple cases where people have invested in a cryptocurrency and the currency just stopped growing from there. This will never be the case with the BEFE coin as it is powered by the constant changes in the BEFE ecosystem. According to some predictions, the BEFE coin is on track to become a $1 coin as well which will be highly profitable for the investors. So, if you have been looking for the right time to invest in the crypto market, this is it and the BEFE coin is the currency to invest in.

The post Here’s How: Making $250K with BEFE Coin Made Easy! appeared first on BitcoinWorld.

TLDR

Bitcoin (BTC) miners profit from tripled network fees since halving. 

Milei Moneda’s ($MEDA) presale progresses, attracting investors anticipating a price surge post-launch on May 21.

In the wake of Bitcoin’s (BTC) quadrennial halving event, miners are experiencing a lucrative surge in earnings, with network fees tripling. Amidst the Bitcoin mining boom, another frenzy is brewing in the presale market, centered around Milei Moneda ($MEDA). These developments have captivated the entire crypto community, causing excitement and suspense. Let’s explore the full details of these intriguing events!

Economize Like Milei: Invest in $MEDA

 

Bitcoin Miners Strike Gold: Network Fees Triple After Halving

Since the completion of the quadrennial halving of Bitcoin, miners have seen a significant uptick in earnings, with network fees tripling, according to a research report by broker Bernstein.

The pump in network fees was attributed to speculative activity surrounding the launch of the Runes protocol, which enables the creation of tokens directly on the blockchain. This surge in activity led to a considerable increase in miner revenue, reaching around 22 Bitcoins per block, compared to the pre-halving level of 7 Bitcoins.

Moreover, analysts emphasize the role of retail traders in minting new tokens, particularly meme tokens, contributing to the heightened network fees. This has propelled daily revenues by over $100 million, with transaction fees contributing over $80 million. 

Despite the surge in revenue, analysts caution against expecting these fees to continue at the same level in the future. However, there is recognition of the potential for sustained network transaction fees to contribute significantly to miner revenues in the long term. 

The report also highlights the untapped market for fungible tokens on the Bitcoin network compared to Ethereum’s extensive utility token ecosystem. Analysts now anticipate sustained network transaction fees to constitute around 15% of miner revenues. They acknowledge that surges in interest for blockchains can last for several months, potentially extending the current windfall for miners.

 

Milei Moneda Madness: Presale Frenzy Signals Incoming Price Surge

While miners experience a significant increase in earnings, investors are closing in on one of the major pumps in the presale market. Milei Moneda, the latest sensation in the memecoin arena, is garnering widespread attention from crypto enthusiasts for its incoming price surge. 

Operating on the Ethereum blockchain, Milei Moneda boasts a total token supply of 500,000,000 tokens, with 60% allocated to the public. Currently, the token is in Stage 2 of its presale, selling at $0.0125 per token. This represents a 25% increase from the altcoin price in Stage 1, $0.010. 

As the memecoin approaches its launch date on May 21, excitement is mounting in anticipation of the DeFi coin price surge. $MEDA is set to launch on Uniswap at the price of $0.02, reflecting a whopping 100% increase from its initial selling price in Stage 1.

This impressive presale milestone has garnered significant traction for the memecoin, placing it on the radar of top crypto analysts as one of the altcoins to watch. 

Post-launch, price projections for the memecoin remain bullish. Due to the token’s unique features and growing recognition in the market, market analysts foresee $MEDA maintaining its upward trajectory after it launches on major exchanges. This has further solidified the $MEDA’s place on the DeFi crypto list of top altcoins to watch out for in the coming weeks. 

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

The post Bitcoin Fees Have Spiked Since Halving; Milei Moneda ($MEDA) Presale Approaches Crucial Milestone Teasing Price Surge appeared first on BitcoinWorld.

TLDR

Rebel Satoshi ($RECQ) is a rising star in the crypto world. It offers a dual-token system that promotes financial democracy and decentralization. Its $RBLZ token saw a 150% surge in its public presale, and the $RECQ token, now in Stage 1, has already gained 85%.

Solana meme coin Dogwifhat (WIF) has seen a recent price and trading volume surge, attracting attention from traders and analysts. Breakouts and pattern formations suggest further upside potential, with a 44.01% increase in the past week.

BONK surged by over 118% in April, becoming the top-performing meme coin in the market. A broader crypto recovery and increased investor interest in meme projects fuel its rapid rise.

As Rebel Satoshi ($RECQ) continues to garner attention and traction, it joins the ranks of other notable cryptocurrencies experiencing significant movements. One such standout is Dogwifhat (WIF), a Solana meme coin that has recently surged. Similarly, BONK has emerged as a frontrunner among meme coins, witnessing a remarkable 118% gain. Here is why WIF’s and Bonk’s investors turn to Rebel Satoshi’s $RECQ as a long-term investment.

 

Unveiling Rebel Satoshi: A Paradigm Shift in Crypto Investments with $RECQ

While uncertainty and volatility dominate the crypto space, cryptos have faced price drops. However, Rebel Satoshi became the best crypto investment opportunity with its $RECQ coin. Notably, the new contender in the crypto sector is attracting massive attention for its lucrative presale phase, making it a top ICO.

Rebel Satoshi features a distinct dual-token ecosystem that democratizes finance and decentralizes power away from traditional institutions. Furthermore, Rebel Satoshi’s core values and strategic initiatives boost excitement among investors, mainly those disappointed by the current market instability.

The first token of Rebel Satoshi, $RBLZ, highlighted the impressive potential in its public presale, surging from $0.010 to $0.025, a 150% increase. This phase of the presale ended with all $RBLZ tokens selling out entirely, with the token launching on major platforms such as CoinGecko, DEXTools, Uniswap, and Coinstore.

Based on the initial success, Rebel Satoshi launched the presale of a second token, $RECQ. Being the ecosystem’s utility token, $RECQ facilitates all transactions, fees, purchases, and rewards across Rebel Satoshi‘s platforms. Also, starting its journey in the Early Bird Round valued at $0.0020, $RECQ has already gained 85% to $0.0037 in Stage 1. Thus, $RECQ is one of the best altcoins to invest in.

 

Riding the Surge: Dogwifhat on the Verge of Explosive Growth

Solana meme coin Dogwifhat (WIF) has been rising recently, seemingly preparing for upside movement as altcoins rebound amid stable Bitcoin (BTC) price action. The sudden Dogwifhat (WIF) price spike, backed by a 70% increase in trading volume, increased the accumulation rate by the whales, including trader Ansem.

On April 23, 2024, Dogwifhat (WIF) experienced multiple breakouts, and analysts are convinced it will surge further. After trading sideways for over a week, Dogwifhat (WIF) exploded above the resistance at $3.10. Traders and analysts recognized several pattern formations and Dogwifhat’s (WIF) breakout, resulting in over 20% gain in the token’s price.

After Ansem, trader Bluntz Capital published confirmation of a two-week-long ascending triangle breakout in Dogwifhat (WIF). This breakout sparked excitement in the crypto space, with investors turning bullish on WIF.

On April 24, Dogwifhat (WIF) was trading at $3.52, up 44.01% in the past week. Experts believe Dogwifhat (WIF) will surge to $2.95 by the end of April, supported by bullish momentum in the market. Thus, it is a good crypto to buy now.

 

BONK Surges: Leading the Pack in Meme Coin Momentum

The value of most top meme coins increased exponentially in April 2024. On that note, BONK has gained over 118% from its lowest level in April, making it the best-performing crypto among its peers. BONK’s upside momentum aligns with a widespread recovery seen in the crypto industry.

Market experts say BONK’s rapid movement is attributed to investors buying the dip. Previously, assets underwent a corrective recovery after massive drops, and BONK’s comeback reflects that trend. Additionally, BONK’s surge was caused by a resurgence of interest in the meme coin projects.

Market analysis shows that BONK’s surge happened amid increased trading activity. CoinGecko highlighted that BONK’s trading volume increased to more than $531 million, a considerable surge from the past day’s $177 million.

On April 24, BONK was trading at $0.00002722, up 92.01% in the past week. Experts say BONK will rise to $0.00002985 by the end of April, supported by bullish momentum in the market. Thus, it is one of the top altcoins in the market and is experiencing a massive surge.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

The post Rebel Satoshi’s New Presale Coin Gains Favor Amid Recovery Trend on Dogwifhat and BONK appeared first on BitcoinWorld.

During the last market downturn, Toncoin (TON) was a beacon of hope—a green candle in a sea of red. It defied broader market trends by charting a bullish course in an otherwise bearish market. Now the correction begins, taking a much-needed breather.

Meanwhile, as the market regains momentum, dogwifhat (WIF), one of the best meme coins, shows bullish indicators. On the cusp of skyrocketing and reclaiming lost support, it is a top crypto to buy—don’t miss out.

At the same time, InQubeta’s (QUBE) green candle screams “Buy!” This new AI coin was recently launched on Uniswap and MEXC, kicking off its price discovery journey. With its outlook bullish, it is deserving of the status of “the best new crypto to invest in.”

 

InQubeta (QUBE): A Promising Altcoin to Buy Now

InQubeta (QUBE) made its market debut in mid-April, going live on Uniswap and MEXC. This was on the back of its remarkable presale, raising an astounding $13.6 million in early funding. Interest in this AI altcoin is as clear as day, with investors hoping to ride its massive bullish wave in their quest for generational wealth.

Following its market debut, it has been green for the altcoin, with further upsides anticipated as the bull market shifts gears. With new altcoins typically outperforming popular ones like dogwifhat and Toncoin, QUBE is among the best cryptos to buy now. Analysts predict a 55x upswing in the coming months—a bullish wave not to miss out on.

While the chart screams “buy,” there is so much more besides profits. By leveraging the power of blockchain technology, it built the first-ever crypto-based crowdfunding platform for AI tech startups. On a bullish trail and adoption road, its approach has been hailed as visionary by industry experts.

Visit InQubeta Website 

 

Toncoin (TON): A Pullback to $5 Level Anticipated

Toncoin (TON) was in the spotlight this month, defying broader market trends. As the market nosedived, it stood alone in its bullish course, registering an all-time high (ATH) of $765. It outclassed Ethereum (ETH), the leading altcoin and new tokens like Wormhole, Starknet and Pixels. It really was on a roll.

However, price pullbacks are healthy corrections, a necessary evil if you may. It prepares altcoins for their next upswing, a phase Toncoin is currently in. The ongoing correction is expected to push TON to the $5 level, representing a good buying opportunity.

If you missed out on Toncoin’s last jump, now might be a great time to consider adding it to your crypto portfolio. Analysts anticipate a rise past $10 during its next bull leg, positioning it as one of the best coins to invest in.

 

dogwifhat (WIF): Bullish Indicator Becomes Evident

dogwifhat (WIF) is one of the top altcoins and a leading meme. Its memetic appeal—a Shiba Inu with a pink beanie—puts it head and shoulders above most new meme coins. With its success, “wifhat” is fast becoming the new meme trend.

Following a period of decline as the market traded downward, dogwifhat lost key support. Amid fear of further decline amid unrest in the Middle East, investors sold off their holdings, intending to secure profits.

However, momentum has returned, with the market back on bullish tracks. So is dogwifhat, showing promising indicators. A significant uptick is anticipated in the coming days, positioning the Solana-based memecoin as one of the altcoins to watch out for.

 

Conclusion

As Toncoin’s correction begins and dogwifhat prepares for a jump, InQubeta continues to excite investors. With further upsides anticipated—a 55x upswing in the coming months—it is a promising wave to take advantage of. To learn more about this project, simply click the link below.

Visit InQubeta Website 

The post Toncoin’s (TON) Correction Begins; dogwifhat (WIF) Shows Bullish Indicators; InQubeta (QUBE) Shows Buy Signal appeared first on BitcoinWorld.

TLDR

Milei Moneda ($MEDA) offers investors an exciting investment opportunity.

Experts believe Ethena (ENA) could regain ground lost during the last slump.

Analysts predict more gains for Toncoin (TON) in the upcoming months.

Early Milei Moneda ($MEDA) investors count their profits as experts predict a massive surge for the meme coin. Meanwhile, Ethena (ENA) integrates major exchange wallets, and 21Shares inaugurates the first Toncoin (TON) ETP. 

How have these developments affected Ethena and Toncoin prices, and how much profit have early Milei Moneda investors made? Let’s find out!

Economize Like Milei: Invest in $MEDA!

 

Investors Make Exciting Gains in the Milei Moneda’s Presale

Milei Moneda’s presale is one of the most talked about events in the crypto space. This is due to the massive gains that investors can and have made. 

The presale is in Stage 2, and $MEDA is available for $0.0125. Stage 1 investors have already earned a 25% profit. These investors will eventually earn 100% of their initial investments when the presale ends. Meanwhile, investors who get in at Stage 2 will gain 60% at its launch on Uniswap, scheduled for May 21 at $0.020. 

Experts predict more pumps after Milei Moneda launches. This is because $MEDA has a fixed supply of 500 million. Additionally, five percent of this supply will be burned, reducing the amount of $MEDA in circulation.

Furthermore, investors become a part of the Milei Moneda community. They also get voting rights, access to exclusive NFT collections, and earn NFT staking rewards. Moreover, investors’ funds are protected through smart contract audits, locked liquidity, zero team allocations, and no transaction fees. 

These recent and future gains and other benefits make $MEDA the best new crypto to invest in.

Economize Like Milei: Invest in $MEDA!

 

Ethena Collaborates With Major Exchanges For Web3 Wallets

Recently, Ethena Labs announced that it had integrated with Binance, Bybit, OKX, and Bitget wallets. This integration implies users can now lock USDe, Ethena’s stablecoin, in the above-listed wallets. Moreover, Ethena rewarded customers who used these wallets to stake USDe with an extra 20%. 

Analysts say this move will make it easier for ENA users to stake USDe. It will also attract more USDe stakers and boost activity on the ENA network. 

However, ENA has lost 36% since the announcement. The token has witnessed a significant price drop. This price slump is due to the sharp dip the market experienced because of rising tensions in the Middle East.

Despite this, analysts tip ENA to pump to $4.81 as more people stake USDe for the huge rewards. 

 

21Shares Introduces Toncoin Staking ETP: What’s Next for TON?

Recently, Switzerland-based exchange-traded products giant 21Shares launched a staking ETP for Toncoin. The new Toncoin Staking ETP is a 100% physically backed product that follows TON’s performance while reinvesting staking rewards in the ETP to improve performance.

The product will be traded on the Swiss SIX exchange with the ticker symbol TONN. Investors will be able to earn TON staking rewards without running a staking node.

The Toncoin Staking ETP held $25 million at launch – around 5 million TON coins at that time. The ETP’s net asset value debuted at $20. Now, analysts say the new ETP might have attracted extra interest in Toncoin as the token’s price has increased by 25%.

Experts predict that TON can reach $15 if the interest in the ETP increases. This forecast makes TON one of the altcoins to watch.

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

The post Experts Call Potential 100% Returns As Investors Book Promising Profit Margin On $MEDA Presale; Price Fluctuates On Ethena And TON appeared first on BitcoinWorld.

Ready To Fight (RTF) is the world’s first blockchain-based boxing ecosystem. It was co-founded by the world heavyweight boxing champion, Oleksandr Usyk, and his team director, Sergey Lapin, In an exclusive interview with BitcoinWorld, We bring up what is Ready To Fight is all about & what they are building into Blockchain Space. 

 

Can you give us an overview of Ready To Fight and explain how it integrates blockchain technology into the boxing world?

Ready To Fight (RTF) is the world’s first blockchain-based boxing ecosystem. It was co-founded by the world heavyweight boxing champion, Oleksandr Usyk, and his team director, Sergey Lapin, who wanted to address the challenges they’d faced within the boxing industry, including operational inefficiencies and fragmented community ecosystems.

Our platform is built on the RTF Blockchain, a Level 1 EVM-compatible blockchain, leveraging the benefits of Blockchain and Web3 to create a secure, open ecosystem. We’ve created a SocialFi network and community enabling fighters to easily find sparring partners, coaches or trainers and pay cross-border crypto transactions for their services. The immutability and transparency of the network help to bring trust to the boxing industry and the players involved. We’ve also created the infrastructure for fighters to connect with fans, monetise their content, and produce their own NFTs and fan tokens to enhance engagement through smart contracts and tokenised rewards. The platform’s native token, RTF, powers transactions within the ecosystem, offering the possibility for fans to purchase products and services for those in the boxing industry, fans and crypto enthusiasts.

What unique challenges and opportunities does the blockchain industry present, especially in sports like boxing?

The platform was initially created by Usyk and Lapin, who, based on their own experiences, recognised that the industry faced a lack of organisation and networking opportunities that would allow boxers to boost their careers, and get the exposure they deserved. The RTF platform aims to bring all the needs of the boxing industry under a single roof, and blockchain’s unparalleled transparency, security, and a decentralised framework aligns perfectly with our vision for the future of boxing

Firstly, boxers have typically found it difficult to access the tools to support their career, since services and stakeholders were in fragmented ecosystems. This disjointedness led to missed opportunities, inefficient talent discovery, and suboptimal career growth. RTF’s decentralised social network allows them to easily find a sparring partner of any experience, as well as the top/highly-skilled coaches, managers, promoters, masseurs, nutritionists, trainers etc.

Another issue was the lack of transparency when connecting with these services, where it may be difficult to see or understand the background of these individuals, and thus whether they were credible. Blockchain technology enhances transparency and trust by providing immutable records of athlete contracts, representations, and financial transactions, ensuring fairness and clarity for all parties involved. Anyone can go onto the blockchain to research that individual further to understand if they are legitimate. We use high-security protocols on data privacy and making sure we avoid fraud or any illicit or non-legitimate transactions.

The payment of boxing services has also been an issue, where much of the talent is located overseas. This meant that if individuals didn’t have a reasonable and cost-effective way to do so, many individuals wouldn’t have access to the best talent and could only work with those in their country and currency. The RTF token was created to power transactions within the Ready to Fight ecosystem, and could be used as a means of cross-border transaction without currency conversion fees, opening up more possibilities to connect with talent and save costs when paying for services.

It has also been difficult for boxers to connect with fans, gain exposure and identify further opportunities beyond fighting for them to earn money, particularly for underprivileged athletes who may not have the resources to do so. As we see the increased tokenisation of real-world assets, Ready to Fight aims to tokenise boxers by enabling them to create an online profile, brand and identity that can be used to engage more deeply with fans and monetise their content. For example, we’ve created a ‘Donations’ feature, that will be launched in the quarter where users can fund and support their favourite athletes or influencers using RTF tokens and receive exclusive NFTs and merchandise, or access to in-person meetups or content in return.

Finally, in a popular sport like boxing, ticket sales for in-person fights can be expensive, which creates a market for fake tickets and scams. Integrating each ticket with NFT technology ensures that each ticket is unique and authentic, which has been implemented on the Ready to Fight platform with the ‘Ticket Office’ feature. Our Office will offer tickets to some of the biggest fights, where users know that the ticket they are buying is genuine, and has already been implemented for the Usyk-Dubois in August 2023 where we sold over 4000 VIP tickets in crypto.

The RTF platform operates on its own Layer 1, EVM-compatible blockchain. Could you explain what benefits this brings to your users compared to other blockchains?

Operating on its own Layer 1, EVM-compatible blockchain provides RTF users with enhanced performance and reduced transaction costs. It allows for customized smart contracts, optimized for boxing-related transactions, and offers a scalable and secure environment. This specialization ensures that RTF can tailor its blockchain network to the specific needs of the boxing community, delivering a seamless and user-centric experience.

Having our own Layer 1, EVM-compatible blockchain means RTF users enjoy swift transactions, robust security, and lower fees. It also offers greater flexibility for future developments tailored specifically to the needs and growth of the boxing community, ensuring a platform that is both user-friendly and highly responsive to our unique ecosystem.

RTF is described as a SocialFi platform. Can you elaborate on how this helps in connecting various stakeholders in the boxing industry?

Ready to Fight is harnessing the power of decentralised blockchain technology and applying it to social media, enabling platform users to create a profile on the blockchain, whether they are a boxer, agent, or fan. These users are able to have full ownership over their personal data stored on the blockchain, whilst the transparency of blockchain and this user’s profile helps to build trust between stakeholders.

Their profiles are also publicly visible, enabling those in the boxing industry to connect and network, and a direct connection between fighters and their supporters by staying up to date with their content and accessing exclusive merchandise.

For boxers, they can find everything they need to boost their careers, from coaches to gym, promoters and agents. Ready to Fight simplifies the process of finding sparring partners by utilising a streamlined, user-friendly interface that connects fighters based on skill level, weight class, and location, eliminating the complexity and inefficiency of traditional methods. In fact, Usyk used the platform to find over 40 sparring partners since January for the training camp in preparation for his upcoming fight against Fury, which was the first time in boxing history that a mobile app facilitated the selection of sparring partners for the champion’s training camp.

How does the RTF token function within your ecosystem, and what are the benefits for token holders, be they industry insiders or fans?

We’ve just launched our native utility token, RTF, to power within the ecosystem. The token will enable users, whether industry insiders or fans, to easily undertake cross-border transactions to interact within the platform. This includes purchasing boxing-related services such as training partners, coaches, or nutrition recommendations, tickets to and streaming of international boxing matches, accessing exclusive content from athletes, minting fan-based NFTs, purchasing upgrades within the Cyber Ring game to strengthen your fighter and earn NFTs, and facilitating decision-making within the platform.

Could you discuss the significance of your collaborations with organizations like the World Boxing Council and the Saudi Boxing Federation?

Partnerships are vital in building trust and growing awareness of our platform, and this is key in a space like crypto where many of our users may not have prior experience in the space. Having launched in November 2023, we’ve been collaborating with key industry powers including the World Boxing Council and the Saudi Boxing Federation, who want to help our mission of empowering and growing the boxing industry by using web3 technology. For the Saudi Boxing Federation, we’ve agreed to join efforts in spearheading innovations for the boxing industry in the Kingdom of Saudi Arabia.

We’ve also got a huge number of brand ambassadors supporting our vision, including Oleksandr Usyk, our Co-Founder, web3 influencers like Ebanie Bridges and Savannah Marshall, and most recently, boxing legend Mike Tyson. Tyson’s decision to support RTF pro bono underscores a genuine belief in the project’s goal, where his global fame and influence are expected to significantly boost the platform’s visibility and credibility. Notable figures like these are key in helping to prove that we’re a reputable and trusted player in the space, encourage others to get involved in the platform, and even potentially influencing other sports to adopt similar innovations.

What future developments can we expect from RTF? Are there any upcoming projects or expansions you can share with our audience?

We’ve already seen the RTF platform amass over 130,000 users since launch, and with 60% of the global population estimated to have an interest in boxing, we expect this to only continue. One of our main focuses is growing the range of use cases for the RTF token within the platform which will improve the boxing industry.

We have two major features that we’re planning to launch, including the SubRing feature, which will enable users to purchase digital ratings, known as Rates, for their favourite boxers using RTF tokens. Each purchase increases the value of the next Rate for that boxer, enhancing speculation whilst reflecting the popularity and success of individual athletes.

Later this year, we also plan to release a GameFi feature called Cyber Ring. This is an in-app game where you own a fighter who you can strengthen to earn NFTs, and use RTF tokens to purchase upgrades for your fighter for earning further rewards.

From your perspective, how do you see blockchain technology transforming the sports industry in the next five years?

Web3 and blockchain are set to redefine the sports industry, offering decentralised platforms that could enhance fan engagement, athlete funding, and secure, transparent contracts, affecting not just boxing but all sports globally.

We’ve already seen a growing number of renowned sports brands entering the blockchain space, including UEFA seeking crypto sponsors, the New England Patriots partnering with Socios.com, and Sports Illustrated’s NFT-based ticket platform. These platforms want to utilise the transparency, accessibility and security of the blockchain to improve their sports and boost brands.

The blockchain industry is innovating at a rapid pace with new technologies and developments built on the premise of decentralisation, so I think the possibilities are endless in the coming years. But there’s a continuous need for dialogue between sports and blockchain companies to fully realise this symbiosis – a lot of projects like ours started as a web2 idea and are now bridging into web3 as they realise the benefits.

One area that I see growing is NFTs. Although we’ve seen a decrease in the size of the NFT market, we’re increasingly seeing a move away from NFTs as art towards using the technology for authentication. This has become hugely important for high-value ticket sales and also in the form of athlete contracts, where information about these are stored permanently on the blockchain to guarantee their authenticity. We’re applying both these use cases to the RTF platform too.

Given your extensive background in marketing, what advice would you give to those looking to enter the marketing field within the blockchain and sports sectors?

Many sports and blockchain projects are emerging in the field, which suggests that this space is only going to grow. If you’re interested in entering the marketing field in blockchain and sports, just like any good crypto investor, do your research. Look at competitors and other platforms in the space and get a good understanding of why they have chosen to use blockchain technology. Know the benefits of blockchain and how these platforms fit within the wider ecosystem, and it will help you when applying to or defining strategies for another project you are working on.

One good thing about the blockchain space is that it feels like one big community. Of course, there is competition, but everyone within it believes in the idea of decentralisation and how it can revolutionise the world, so people are very willing to connect and offer advice. Nevertheless, the regulatory landscape is constantly changing and varies for each market, so it’s important to be aware of and keep on top of this to protect and build trust with your users.

For those interested in joining the RTF ecosystem, either as athletes, fans, or investors, what steps should they take?

When signing up, users can choose what interest they have in the Ready to Fight platform, and whether they are a boxer, agent or fan. It’s important to point out that you don’t need to be a prior crypto user or have any knowledge of crypto to use the platform, and we’re trying to make our platform as accessible as possible to those with a wide range of crypto experiences.

For a boxer, it’s as easy as creating a profile and uploading videos of your boxing skills and then the other party finds a criteria to see if there’s a fit or not. For a fan, use your profile to browse the ecosystem, find out about the latest boxing news, or connect with other boxers and fans.

You can experience Ready to Fight via the App Store or Google Play Store.

For more such insightful posts and interviews, visit Bitcoinworld.co.in

The post An Interview With Ready To Fight appeared first on BitcoinWorld.

Bitcoinworld has analyzed the direction that these 5 altcoins could take and how it would affect the entire crypto market in May.

The changing dynamics of the crypto market have opened up Harmony (ONE), Render (RNDR), Near Protocol (NEAR), dogwifhat (WIF), and Stellar Lumens (XLM) to potential profits.

Harmony (ONE) Hits a New Milestone

ONE has successfully surpassed $1 million in transaction volume. This shows that the chain is noting a surge in usage and demand, which could also boost its price action.

When writing, the altcoin can be seen moving in a descending wedge, and a breakout from the same can occur in the next month. Thus, based on this pattern, ONE could rally by over 36% to hit the target of $0.034 to mark a two-month high.

The chances of this happening are very high, looking at the Average Directional Index (ADX). This indicator analyses the strength of the active trend, and since it is above the threshold of 25.0, the present trend is getting stronger.

However, if the altcoin breaks down below this wedge, it could lose the bullish potential and fall below $0.015, marking a three-month low for Harmony’s price.

ONE Price Chart | Source: Coinstats

 

See Also: Meow Scientist (MEOWSC) to Rally 6,500%, Looks to Challenge Shiba Inu and Dogecoin

Dogwifhat (WIF) Heads the Meme Coin Market Storm

While Solana meme coins were already competing with PEPE over dominance, WIF came in and ended the discussion at once. 

The meme coin surpassed PEPE to become the world’s third-biggest meme coin; by the looks of it, this growth will continue in the coming month.

At the time of writing, the meme coin can be seen moving within an isosceles triangle pattern. Per this pattern, a breakout in WIF price is expected, which could potentially send the meme coin to $4.8. This would mark a 51% increase for dogwifhat bolstering its dominance.

Nevertheless, losing support for the bottom trend line is also possible if WIF holders opt to sell. As a result, the meme coin could lose the support of $2.5 to test $2.0 as the next support floor. That would effectively invalidate the bullish outcome.

WIF Price Chart | Source: Coinstats

 

Near Protocol (NEAR) Is Near the 2024 High

NEAR price will mostly leverage the effect of the Bitcoin halving event, which is anticipated to push the altcoin prices upwards. 

The altcoin recently bounced off the support of $5.2 to trade at $7.2 at the time of writing.

The altcoin is inches from the 61.8% Fibonacci Retracement of $8.8 to $5.2. Marked at $7.4, this level is known as the bull market support floor. Reclaiming it would allow NEAR price to bounce and breach the $8.8 barrier, effectively posting a new 2024 high.

But if the altcoin falls to $6.0 or below, the 23.6% Fib line would also be lost. This could leave the altcoin vulnerable to a further correction, invalidating the bullish outlook.

NEAR Price Chart | Source: Coinstats

 

See Also: Rare Satoshi Mined in Fourth Bitcoin Halving Block Sold for Over $2 Million

Render (RNDR) Banks on AI

Optimism surrounding Artificial Intelligence (AI) is resurging in Q2, with expectations of bullishness propelling AI tokens upward. 

Among these tokens is Rander, which has been in a downtrend for the past month.

An increase in interest in AI will render RNDR’s price a potential recovery asset. Bouncing off the support of $8.0 to potentially breach and flip $10.0 resistance to rally towards the all-time high is the anticipated outcome for RNDR price.

Nevertheless, losing the $8.0 support will increase the RNDR price to $6.8. Falling through it could wipe out the bullish outcome’s potential.

RENDER Price Chart | Source: Coinstats

 

Stellar (XLM) is a Good Bet

While Stellar is not observing any major development, it is certainly among some of the underestimated assets in the crypto market. XLM price is presently trading in a descending wedge.

Per this pattern, a breakout could send XLM to $0.142, which would mark a 23% gain for the altcoin. This would enable XLM to chart a new all-time high by crossing $0.160.

Although the RSI is under the neutral mark, which exhibits chances of the uptrend losing its strength, there is a chance that the decline might continue; if this happens to be the outcome for XLM, the crypto asset could lose the support of $0.10. This would eliminate the bullish outcome and send the altcoin lower below $0.09.

Stellar Price Chart | Source: Coinstats

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.

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The post 5 Altcoins You Should Keep An Eye On In May appeared first on BitcoinWorld.

Velocity Labs has announced a fiat-to-crypto onramp using the Ramp Network through the integration of the Asset Hub. 

The crypto onramp will allow Ramp to service any chain parachain in the Polkadot ecosystem. 

A New Fiat To Crypto Onramp 

Fiat to crypto onramps have always been a pain point when it comes to DeFi (decentralized finance) accessibility. 

However, this issue was identified quite early on, and builders have been working with regulators, credit card issuers, and other payment infrastructure. 

With this collaboration, the high barriers of entry to crypto will be a thing of the past. Velocity Labs began talks with Ramp in November of 2023. 

Ramp is the leading onramp infrastructure provider for Web3. Ramp is a financial technology company building solutions connecting the crypto economy to the global financial infrastructure. 

The company’s on and off-ramp products provide businesses and individuals a streamlined experience when converting cryptocurrencies and fiat currencies. 

Velocity Labs wanted one outcome from the collaboration: to maximize the Asset Hub’s accessibility and help it achieve its full potential. 

Velocity Labs is a DeFi and infrastructure company that was founded to help transform the Polkadot blockspace ecosystem into a thriving hub of DeFi innovation.  

See Also: Stripe Enables Merchants To Accept USDC Payments on Ethereum, Solana and Polygon

The ‘Home Base’ Of Polkadot Ecosystem Assets 

Asset Hub is a system parachain and is often called the ‘home base’ of assets in the larger Polkadot blockspace ecosystem. Its primary function is facilitating the creation, management, and use of assets in the Polkadot ecosystem. 

As a system parachain, Asset Hub has a trusted relationship with Polkadot’s Relay Chain, enabling the porting of the DOT token from the Relay Chain to Asset Hub. 

The Asset Hub also plays a crucial role in the emission of tokens similar to ERC-20 (The Ethereum standard that powers DeFi) and the imminent resurgence of DeFi on the Polkadot Network. 

Some Constraints 

However, Asset Hub has some constraints, especially when it comes to UX and DevEx. Velocity Labs has been tirelessly working to address these limitations and unleash the full potential of Asset Hub.

Polkadot (DOT) Price Analysis 

DOT has seen bearish sentiment gather steam once again. The cryptocurrency has been in the red since Tuesday, when it registered a drop of nearly 3% after failing to get past the 20-day SMA, which was acting as a strong level of resistance. 

At this point, DOT was hovering between the 20-day SMA and the 200-day SMA, which was acting as support. However, this level of support was broken on Tuesday, as sellers pushed DOT down by 4.55%, below the $7 mark to $6.92. 

The subsequent sessions saw drops of 0.87% and 1.46%, respectively, with DOT ending Friday at $6.76. DOT has support around the $6.50 mark, so the price could stabilize at this point. 

However, if sellers are able to push DOT below this level, the price could drop to $6. Thanks to the 200-day SMA, DOT faces resistance at $7.

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 Velocity Labs Announced A Fiat To Crypto Onramp Using Ramp Network appeared first on BitcoinWorld.

Meow Scientist (MEOWSC) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these meme coins went viral and exploded in price.

Meow Scientist (MEOWSC), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Early investors in SHIB and DOGE made astronomical returns, and Meow Scientist presents a similar opportunity.

Meow Scientist has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.

The exciting memecoin is poised to rally 6,500% in the coming two days, and Meow Scientist could potentially reach a multi-million dollar market cap within a few weeks.

See Also: Scientist Doge (SCDOGE) to Rally 6,000%, Will it Match SHIB and DOGE?

Currently, Meow Scientist can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy Meow Scientist on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap USDT for Meow Scientist by entering its contract address – PauTQkP1fL3DLmBhm6pWAJyadUyVjU3W5xujwcGY9Mh – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MEOWSC.

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 Meow Scientist (MEOWSC) to Rally 6,500%, Looks to Challenge Shiba Inu and Dogecoin appeared first on BitcoinWorld.