Outshining Retik Finance’s recent MEXC and P2B listings with its cutting-edge offerings and superior market performance, BlockDAG has become a focal point in the cryptocurrency community, securing $29.8 million in presale. During a recent keynote event in Shibuya, BlockDAG highlighted its comprehensive blockchain ecosystem, which includes seamless mining, building, earning, and spending capabilities, setting a new standard for blockchain technology. BlockDAG also introduced convenient crypto payment cards and the versatile BDAG coin, underscoring the platform’s potential for delivering significant returns to investors.

BlockDAG’s Visionary Keynote Outshines Retik Finance MEXC & P2B Listings

At a compelling keynote presentation in Shibuya, BlockDAG unveiled its integrated approach to cryptocurrency, featuring a comprehensive ecosystem for mining, building, earning, and spending without limits. This event showcased the introduction of user-friendly crypto payment cards and the versatile BDAG coins alongside a series of high-performance crypto miners. These developments emphasize BlockDAG’s potential for substantial investor gains through an exclusive presale.

Additionally, BlockDAG has implemented a user-friendly low-code/no-code platform that simplifies the creation and deployment of blockchain applications, making the technology accessible to a wider audience. Its standout plug-and-play functionality ensures easy integration and enhances user experience.

Designed with rapid transaction processing and low fees in mind, BlockDAG supports diverse applications and is highly compatible with Ethereum-based smart contracts, allowing for straightforward deployment with minimal adjustments needed.

Thus, BlockDAG’s technological advances and strategic achievements have significantly overshadowed the Retik Finance MEXC & P2B listings, affirming BlockDAG as the superior choice in the crypto market. The recent celebrating

Retik Finance’s Launch Overshadowed by BlockDAG’s Market Dominance

Despite Retik Finance launching on the MEXC & P2B platforms on May 21, investor attention has predominantly favored BlockDAG, diminishing the impact of Retik Finance’s introduction.

Retik Finance, which raised over $32 million in its crypto presale and set a listing price of $0.15 across various exchanges, still struggles to garner the excitement that BlockDAG’s robust ecosystem has. Even though Retik Finance has developed innovative DeFi solutions, such as advanced DeFi debit cards and a secure multi-chain non-custodial DeFi wallet still in beta testing, these offerings have yet to sway investor preference away from the established and reliable innovations of BlockDAG.

BlockDAG’s Presale Success Dwarfs Retik Finance MEXC & P2B Listings

The presale journey for BlockDAG has been exceptionally successful. The project has moved through successive batches and experienced significant price increases—from just $0.001 in Batch 1 to $0.0085 in Batch 14.

This growth trajectory has culminated in a remarkable $29.8 million raised from the sale of over 9.4 billion BDAG coins. Amidst the noise of Retik Finance’s listings, investors have overwhelmingly chosen BlockDAG, drawn by its promising potential.

A high-profile event at Piccadilly Circus further boosted interest in BlockDAG. Whales and early investors eagerly secured their stakes, achieving up to 750% in profits.

As BlockDAG nears its Mainnet launch, these early supporters are positioned to see possibly exponential returns, greatly surpassing the allure of Retik Finance’s recent market entries.

BlockDAG Maintains Dominance Over Retik Finance Listings

BlockDAG continues to surpass Retik Finance with its innovative blockchain solutions and successful engagement in the market. Having raised $29.8 million in its presale and capturing global interest, particularly at high-visibility events like Piccadilly Circus, BlockDAG is set for a promising Mainnet launch. Early investors, already benefiting from substantial profits, are poised for potentially even greater gains than the current 750%. This established market superiority solidifies BlockDAG as the top choice for investors, clearly outperforming Retik Finance’s recent offerings.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

The post Crypto Presale Battle May 2024: Retik Finance Raises $32M Pre-Listing! BlockDAG Smashes Records with a $30M Fundraising Blitz! appeared first on Metaverse Post.

BlockDAG’s remarkable $30 million presale, highlighted by a notable keynote at Shibuya Crossing, has significantly propelled it ahead of competitors like Polkadot and Injective. With technological innovations showcased and $2.6 million raised from more than 5,837 mining rigs, BlockDAG not only captured investor interest but also positioned itself for massive returns, overshadowing other cryptocurrencies’ current market adjustments.

Analyzing Polkadot’s Price Amid Market Fluctuations

Recent analyses of Polkadot’s market performance have illustrated a period of struggle against bearish trends, with critical price points being tested. Polkadot’s current state shows a possible continuation of this downward trajectory if it breaches established support zones. Conversely, there is room for a recovery push if it can overcome key resistance levels, although the overall market sentiment remains cautiously bearish.

Injective Enjoys Positive Market Forecast

The outlook for Injective is becoming increasingly optimistic, as it demonstrates potential for a significant bullish break. Noted financial analyst Jonathan Carter predicts a price target range of $27 to $50 based on current market dynamics and technical patterns. Such positive sentiments are bolstered by a high trading volume, indicating growing investor confidence and interest in Injective’s market possibilities.

BlockDAG’s Presale and Technological Advancements Set High Standards

At Shibuya Crossing, BlockDAG unveiled its ambitious vision, presenting its advanced X-Series mining rigs and confirming its leadership in crypto innovation. The event detailed the capabilities of the X10, X30, and X100 models, which are designed to cater to various levels of mining proficiency and operational scale.

The X10 rig, noted for its efficiency and user-friendliness, allows newcomers to mine up to 200 BDAG daily with minimal energy consumption. The more robust X30 can mine up to 600 BDAG daily, offering a balance of power and efficiency for more ambitious miners. The most powerful, the X100, delivers exceptional performance with a capacity to mine up to 2,000 BDAG daily, targeting professional miners looking for maximum yield with optimal efficiency.

This strategic presentation not only showcased BlockDAG’s cutting-edge technology but also played a crucial role in driving the presale success to $30 million, emphasizing the substantial growth potential and solidifying its market position. The display at Piccadilly Circus and projections of up to a 30,000x ROI further underline the significant investor confidence and market enthusiasm surrounding BlockDAG.

Conclusive Insights on Crypto Market Trends

While Polkadot prediction faces a challenging environment and Injective captures bullish interest, BlockDAG distinguishes itself with a successful $30 million presale and advanced technological offerings. With its strategic innovations and substantial market appeal, BlockDAG is positioned as a leading choice for investors aiming for high returns, promising a prosperous future in the rapidly evolving cryptocurrency landscape.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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The cryptocurrency market is abuzz as BlockDAG experiences a remarkable 750% price surge, raising $30 million in its presale. This impressive performance has sparked curiosity about how it compares to established cryptocurrencies like Immutable X and OKB. Each of these digital assets presents unique features and investment opportunities. This article will explore BlockDAG’s rapid growth, the innovative solutions offered by Immutable X, and the versatility of OKB. By examining their strengths and potential, you’ll gain insights into which cryptocurrency might be the best fit for your investment portfolio.

BlockDAG: The Biggest $30M Presale Sensation 

BlockDAG has garnered significant attention recently, celebrating its achievements in the crypto presale phases at Piccadilly Circus. Aiming to secure $100 million in liquidity, BlockDAG distinguishes itself from major competitors like Ethereum and Dogecoin. The project’s Batch 14 coins sold out rapidly at $0.0085 each, with Batch 15 eagerly anticipated at $0.009. Early investors have already witnessed a remarkable 750% return.

What sets BlockDAG apart is its eco-friendly consensus algorithm, enhancing transaction speeds to ten blocks per second while maintaining environmental sustainability. This approach not only ensures rapid processing but also promotes stability within its community. BlockDAG’s accelerated roadmap, now four months ahead of schedule, has attracted global investors, boosting confidence in its potential. The coin presale has already raised $30 million, with a target of $600 million and a projected coin value of $10 by 2025.

BlockDAG offers four distinct income streams and a mobile mining feature, allowing users to earn up to 20 BDAG coins daily. This mobile mining feature is a significant development in the realm of crypto cloud mining, providing an accessible way for users to participate. The upcoming X1 mobile app, set for beta release, promises to enhance earnings for both miners and traders. Additionally, the strategic vesting period for presale coins aligns with long-term goals, fostering trust and stability among investors. BlockDAG’s innovative approach makes it a compelling prospect for new investors, especially those interested in the future of crypto cloud mining.

Immutable X: Leading the Charge in NFT Scalability

Immutable X (IMX) is making waves in the NFT space, with its price currently at $2.40, indicating a potential bullish trend. Key resistance levels are $2.50, $3.30, $3.50, and $3.70. If buying pressure continues, IMX could see significant gains. However, the $2.30 support level is crucial; a drop below this could lead to further declines. The current Immutable X Price reflects growing market confidence. IMX facilitates fast, secure, gas-free transactions for NFTs on the Ethereum blockchain, addressing high fees and slow transaction times. Maintaining momentum above the moving averages is essential for continued growth.

OKB: Powering the OKEx Ecosystem

OKB, the utility token of the OKEx exchange, is poised for significant growth. Token holders gain voting rights, governance participation, and rewards from transaction fees, making OKB a potential source of passive income. With the expansion of the OKEx community during the next market upswing, transaction volumes are expected to surge, driving substantial gains for OKB. This increased activity will likely enhance OKB crypto’s value, offering a lucrative opportunity for investors. OKB’s integration into platform services like fee discounts, staking, and voting on new listings ensures its continued relevance and demand.

The Final Verdict

When comparing BlockDAG, Immutable X, and OKB, each project has its unique strengths and growth potential. However, BlockDAG stands out with its eco-friendly consensus algorithm, accelerated roadmap, $30M presale, 750% price surge already, and multiple income streams. The high anticipation for its presale batches and the projected coin value increase to $10 by 2025 further underscore its investment potential, making it an attractive option for investors.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s 750% Price Surge With $30M in Presale VS Immutable X & OKB: Which Crypto Is Right for You? appeared first on Metaverse Post.

The recent Bitcoin Cash upgrade has introduced an adaptive block size algorithm to enhance scalability, marking a pivotal advancement for its blockchain. Simultaneously, Cosmos (ATOM) price forecasts show promise as strategic partnerships bolster its ecosystem. Amidst these developments, BlockDAG takes center stage with its groundbreaking keynote at Shibuya Crossing, distributing over 9.4 billion coins and raising $30 million in its presale. This event highlighted BlockDAG’s market potential, positioning it as a top crypto investment, and signaling a potential shift in investor focus within the crypto realm.

Adaptive Scaling: Bitcoin Cash Upgrade & Latest Network Evolution

Bitcoin Cash’s latest upgrade features an adaptive block size limit (ABL) algorithm named “ac-0353f40e.” This enhancement automatically adjusts the blockchain’s capacity to handle varying transaction loads, addressing scalability issues without requiring human intervention.

This innovative algorithm optimizes throughput and reduces congestion by determining the optimal block size from historical data. The update not only improves transaction efficiency but also strengthens Bitcoin Cash’s role as a scalable peer-to-peer payment solution. The community’s support for this upgrade underscores its potential to significantly enhance network performance and stability.

Cosmos Gains Momentum: Strategic Partnerships Enhance ATOM’s Ecosystem

Cosmo’s (ATOM) price is set for potential growth as new developments unfold within its ecosystem. The integration of the XRP Ledger EVM sidechain, built on evmOS, marks a significant step towards enhancing functionality and attracting Web3 developers. This could drive up demand for ATOM, positively impacting its price.

With these strategic advancements, the Cosmos price prediction forecast remains optimistic, predicting a rise to $12.28 by the end of 2024. Increased interest and development activity signal a promising future for ATOM, potentially elevating its market position and utility.

BlockDAG’s Dynamic Expansion and Marketing Breakthroughs

In its fourteenth presale batch, BlockDAG has successfully raised nearly $30 million, distributing over 9.4 billion coins and solidifying its market position. A highlight of its campaign was the keynote presentation at Tokyo’s Shibuya Crossing, which captured the crypto community’s attention and emphasized BlockDAG’s growing dominance.

This strategic presentation in one of Tokyo’s busiest areas showcased BlockDAG’s effective marketing tactics, significantly boosting its profile in the competitive digital currency landscape. Such well-executed promotions are crucial in establishing BlockDAG as a top crypto investment.

The event also highlighted BlockDAG’s partnerships with leading DeFi exchanges like Bitget and CoinEx, along with the launch of a versatile crypto payment card. This card, developed with top banking-as-a-service providers, facilitates seamless cryptocurrency transactions and is accepted by over 38 million merchants globally, marking a potential shift in the digital payment ecosystem.

Moreover, BlockDAG announced an accelerated roadmap, moving its mainnet launch forward by four months, demonstrating its rapid development and readiness for market challenges. These strategic initiatives position BlockDAG as a pioneering force in the crypto world, enhancing its appeal as a prime investment choice.

Final Call

While the Bitcoin Cash upgrade enhances scalability and the Cosmos (ATOM) price benefits from strategic partnerships, BlockDAG stands out as a superior investment opportunity. Its strategic keynote at Shibuya Crossing and impressive distribution of over 9.4 billion coins highlight its market potential. With innovative approaches and an early mainnet launch, BlockDAG is positioned as a top crypto investment, offering promising returns during its presale phase and outshining competitors like Bitcoin Cash and Cosmos.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Keynote Drives Success, Surpassing Bitcoin Cash Upgrade and Cosmos (ATOM) Price with $30 Million Raised appeared first on Metaverse Post.

Majuro, Marshall Islands, May 22nd, 2024, Chainwire

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours. Making waves in the crypto industry, Multipool is taking a leading role in the marketplace transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies.

“I’m thrilled with the strong response from the community so far, we’ve reached $200k on Fjord Foundry on day one. We’re off to a fantastic start in the LBP and I can’t wait to see how far we go over the next 48 hours. Stay tuned and GET MULLED” Wojciech Kaszycki, a Core Contributor at Multipool.

The LBP offers crypto enthusiasts the chance to participate in a next-generational crypto project which is aiming to take RWAs & Crypto to the mass market. Following the close of the LBP, Multipool will launch publicly on Uniswap V3.

Multipool Partnerships

Multipool is supported by some of the industry’s best companies, including BSO, Mobilum, NxGen, Hacken, and IMMIN8 Labs. Leveraging their knowledge, contacts, experience and expertise, Multipool aims to make waves in the industry and give users the opportunity to never have CEX again.

To learn how to participate in the Fjord Foundry LBP, refer to the guide here.

For more information on Multipool and its features, please visit:

Website – www.multipool.finance

Telegram – t.me/multipoolfi

X – www.x.com/multipoolfi

About Multipool

Multipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.

https://www.multipool.finance/

Multipool 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.

Contact

Public Relations ManagerAngie HermosaMultipoolpress@multipool.finance

The post Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours appeared first on Metaverse Post.

Ethereum and PEPE continue to dominate the headlines in the cryptocurrency sector, yet BlockDAG is quickly making a name for itself as a compelling alternative that is attracting significant investor interest. Thanks to a successful presale that has accumulated $29.8 million, BlockDAG stands out with its pioneering technology and dashboard improvements, which have significantly boosted its presale activities.

As an emerging player, BlockDAG is swiftly capturing attention across the globe, delivering substantial returns to early backers and carving out a robust position in the competitive crypto market. In this article, we will delve into the latest updates on Ethereum and PEPE and discuss how BlockDAG’s recent dashboard enhancements are setting it apart from these well-established cryptocurrencies.

PEPE Predicted to Eclipse Traditional Market Leaders

PEPE coin price has witnessed a significant boost in its 24-hour trading volume, eclipsing stalwarts like Dogecoin, Binance Coin, and Ripple. Analyst Pebre highlights that PEPE’s volume now surpasses that of WIF and SHIB combined, marking it as a prime investment. 

Coincodex remains optimistic, forecasting a 221.55% rise in PEPE’s price, potentially reaching $0.00003326 by mid-June 2024. This bullish sentiment is supported by a high Fear & Greed Index score of 70.

ETH Price Forecast: Navigating Challenges and Anticipated Trends

Currently trading below the critical $3,000 mark, Ethereum faces potential setbacks, possibly retreating to $2,500 amid uncertainties like possible U.S. Ethereum ETF rejections. Market indicators such as the On-Balance-Volume (OBV) and Relative Strength Index (RSI) signal strong selling pressures and bearish trends, suggesting further dips. Investors are advised to monitor these indicators closely.

BlockDAG’s Enhanced Dashboard Drives a $29.8M Presale Boost

BlockDAG’s cutting-edge dashboard is revolutionizing cryptocurrency investments by enhancing accessibility to blockchain technology for everyone. Since launching, BlockDAG has significantly opened its platform, offering impressive returns with potential profits up to 30,000 times the initial investment.

The updated dashboard provides immediate, real-time insights and detailed analytics, essential for informed decision-making in the ever-changing crypto market. Key functionalities include the Hot News section, which delivers instant updates on the latest news, and the Current Rank dashboard, which shows users’ positions and the necessary investments to advance.

Additionally, the Wallet feature simplifies buying, balance management, and miner oversight. The Referral Screen is especially remarkable; it enables users to track referrals and the bonuses they accrue, creating an engaging and interactive user experience.

BlockDAG’s presale has surged, with the coin’s price now at $0.0085—a 750% increase from its initial offering. With presale profits surpassing $29.8 million, the dashboard’s innovative features have played a pivotal role in this success. This tool not only makes blockchain technology more straightforward but also enhances community involvement and investor interaction, establishing BlockDAG as a premier investment choice in the crypto arena.

Summing Up!

BlockDAG not only keeps pace but stands out amidst renowned cryptocurrencies like PEPE and Ethereum, with each growing by 3%. Having already amassed over $29.8 million through its presale and committed to eco-friendly practices, BlockDAG is poised for substantial growth. 

Its latest dashboard enhancement is attracting significant interest, signaling a promising future. As the digital currency landscape evolves, BlockDAG positions itself as an exciting investment opportunity in the expanding crypto market.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG’s Latest Dashboard Launch Drives Market Movements, Exceeding $29.8M Presale Beyond PEPE & ETH Dynamics appeared first on Metaverse Post.

Blockchain platform for commercial-scale decentralized applications, EOS announced the launch of its Antelope Spring Beta-1 on the Jungle testnet. Antelope Spring Beta-1 represents a significant leap forward from its predecessor, Antelope Leap 5. This new version introduces features aimed at enhancing blockchain performance, security, and community engagement.

This release is the first of several key milestones, with the final version scheduled for release on July 10th and a hard fork planned for July 31st.

The upgrades feature the Savanna Consensus Algorithm, which promises to boost the speed and efficiency of the EOS network by over 100 times. Additionally, this algorithm enhances the resilience of the EOS ecosystem against vulnerabilities, significantly fortifying overall network security.

Furthermore, it will integrate advanced cryptographic techniques, encompassing aggregate BLS signatures, enabling swift transaction verification in milliseconds. This capacity is essential for the development of zero-knowledge proof systems, which play a vital role in improving privacy and security in the EOS Network.

Another enhancement is the introduction of flexible blockchain architecture. Spring 1.0 introduces a restructuring of the traditional Block Producer role, dividing it into two distinct roles: Block Proposers and Block Finalizers. Block Proposers are responsible for organizing transactions into proposed blocks, while Block Finalizers endorse these proposals, ensuring the integrity and finality of the blocks. This approach aims to further decentralize network governance and improve operational efficiency.

Antelope Spring Beta-1 is live on testnet This is a major advancement from its predecessor, Antelope Leap 5 & is the first of several key milestones with the final release scheduled for July 10 & the hard fork planned for July 31 Learn More https://t.co/t845gE3fqR pic.twitter.com/jFzk9WCIK2

— EOS Network Foundation (@EOSNetworkFDN) May 22, 2024

EOS Network Set To Upgrade To Leap 6.0, Enhancing Blockchain Performance

The EOS Network is a third-generation blockchain platform, propelled by the EOS VM. This virtual machine is a low-latency, high-performance, and extensible WebAssembly engine, crafted for the deterministic execution of feeless transactions. It is aimed at providing optimal Web3 user and builder experiences.

Recently, the EOS Network revealed its plans to upgrade to version Leap 6.0 on July 31st, with the final release slated for July 10th. To facilitate a smooth transition, it is advised that all EOS nodes undergo the upgrade process between July 11th and 30th.

The post EOS Network Introduces Antelope Spring Beta-1 With Enhanced Performance And Security Features, Deploys It On Jungle Testnet appeared first on Metaverse Post.

Following a 10-month expansion run, the number of Bitcoin ATMs in operation worldwide has declined for the first time since July 2023. The closure of more than 300 Bitcoin ATMs in the US, which make up more than 80% of the global Bitcoin ATM network, was the main factor contributing to this reduction.

Photo: Bitcoin ATM Installations Growth, Coin ATM Radar

As of May 2024, there are 37,621 Bitcoin ATMs globally, according to data from Coin ATM Radar. Notably, 28 machines were withdrawn from Canada, the second-largest country for Bitcoin ATMs; in contrast, the United States witnessed a more substantial fall with the removal of 302 units. The installation of new machines in Australia, Switzerland, and numerous European nations somewhat offset the overall loss.

The Rise of Bitcoin ATMs

Bitcoin ATMs first emerged in 2013 as a convenient way for people to buy cryptocurrencies with cash. The first machine opened in October in a Vancouver coffee shop, allowing customers to purchase Bitcoin after going through basic KYC verification.

From those humble beginnings, Bitcoin ATMs quickly spread across the globe as the flagship cryptocurrency gained mainstream attention and adoption. They provided an easy “on-ramp” for regular people to get involved in crypto without having to learn complex exchange platforms right away.

An ATM that accepts cash or debit cards to buy Bitcoin and other cryptocurrencies is known as a Bitcoin ATM. Since certain ATMs are bi-directional, users may also exchange their Bitcoin holdings for cash.

Photo: Crypto ATM Supported Cryptocurrencies, Coin ATM Radar

Bitcoin ATMs are run by independent businesses like CoinHub and Coinme, much like traditional ATMs. For this, all you have to do is input cash or a credit card to get a crypto wallet credit equal to the amount of Bitcoin you paid for. In the case of selling, the procedure is reversed.

Bitcoin ATMs provide an easy on-ramp for new crypto users, allowing people to get involved without having to set up an exchange account first. Their widespread availability also makes crypto more accessible to the unbanked population.

However, critics argue that Bitcoin ATMs charge excessive fees of up to 20% per transaction. Online exchanges generally have much lower fees under 1%. There are also concerns around know-your-customer (KYC) and anti-money laundering (AML) compliance.

Photo: Buy Fee Size at Bitcoin ATMs, Coin ATM Radar

Photo: Sell Fee Size at Bitcoin ATMs, Coin ATM Radar

The Bitcoin ATM Landscape

The United States is by far the world’s largest Bitcoin ATM market, with 31,089 active machines as of May, representing 82.6% of the global total. This is not surprising, given the country’s advanced economy and openness to financial innovation.

Canada ranks second with 2,909 Bitcoin ATMs (7.7% globally), followed by Australia with 1,041 (2.8%). No other country has crossed the 1,000-machine milestone yet.

Within the United States, the distribution of Bitcoin ATMs is fairly spread out based on population density. However, the largest operator Bitcoin Depot has a strategy of targeting lower-income areas according to investor commentary. This has raised concerns that Bitcoin ATMs are taking advantage of underbanked communities with their high fees.

Photo: Crypto ATM Distribution by Continents and Countries, Coin ATM Radar

Meanwhile, in Australia, the Bitcoin ATM network has grown rapidly from just a handful of machines a few years ago. The growth has triggered some regulatory concerns around tax compliance from the Australia Tax Office. There have been calls to increase oversight and licensing requirements for operators.

Europe as a whole has a relatively small but consistently growing Bitcoin ATM presence of around 1,000 machines, led by Spain, Austria and Poland. The UK banned crypto ATMs altogether in 2022 over lack of regulation and failure to uphold anti-money laundering standards. Other markets like South Africa have only start being penetrated by Bitcoin ATMs in the last couple of years. The long-term growth potential remains large if regulatory hurdles can be overcome.

Reasons for the US Decline

So why exactly did over 300 Bitcoin ATMs go offline in the US last month? Authorities have not provided a full public explanation yet, but we can analyze some of the potential key factors:

Crackdown on Fraud and Money Laundering

The possibility of using Bitcoin ATMs for illegal purposes, including money laundering, fraud, and extortion schemes, is a significant problem. In the US, law enforcement organizations have been aggressively seeking out and taking down devices that are engaged in these kinds of operations.

Last year, a group in Ohio was arrested for operating over 50 unlicensed Bitcoin ATMs that were allegedly used for money laundering of criminal proceeds and receiving stolen property. Similar stings targeting unlicensed operators have happened in other states as well.

The anonymous nature of crypto transactions, combined with Bitcoin ATMs’ historically lax compliance compared to traditional banking, make them an attractive tool for criminal enterprises. Some analysts have compared Bitcoin ATMs to payday lenders in terms of preying on lower-income and financially underserved communities.

As the crypto ecosystem becomes more mainstream, regulators will inevitably demand tighter KYC, AML and licensing requirements for Bitcoin ATM operators. Those unable or unwilling to beef up compliance may be forced to shut down their machines, especially if tied to any illicit activity.

Security Vulnerabilities of Bitcoin ATMs

In early 2023, a major Bitcoin ATM manufacturer called General Bytes had a security breach that allowed hackers to drain $1.5 million in Bitcoin from their operators’ ATMs worldwide.

While this was an isolated incident, it emphasized the need for tight security protocols and insurance policies for machines that hold temporary crypto funds in digital wallets. Other unreported vulnerabilities in different manufacturers’ machines may have led to some ATM network shutdowns as a precaution.

Bitcoin ATM operators will likely face increasing compliance costs for cybersecurity audits and penetration testing to verify their machines are secure from hacking threats. This could thin out smaller operators without resources for robust security programs.

Operational Challenges

Running a Bitcoin ATM business can be operationally intensive, especially for larger networks spread across multiple locations. Between labor costs for manpower to load cash and service machines, compliance costs, security costs, real estate overhead for premium locations, and more – profits can be elusive.

When major operator Cash Cloud filed for bankruptcy in early 2023 after its exposure to the crypto winter impacted finances, it demonstrated some of the business model challenges the industry faces. Other smaller operators may be scaling back unprofitable locations or shutting down completely as costs mount.

Market Consolidation

The Bitcoin ATM market is still relatively new and fragmented compared to traditional financial services. There could be a shakeout happening where smaller players are going out of business and selling their ATM portfolios to larger, better-capitalized companies like Bitcoin Depot.

Bitcoin Depot itself has been performing well, stating in its annual report that revenues have no correlation to Bitcoin’s price volatility. This is because many customers use ATMs for non-speculative purposes like remittances rather than trading, providing a stable fee income stream.

If the market continues consolidating around just a handful of major operators with strong compliance and security programs, we may see closures of smaller ATM portfolios as they get absorbed into the larger networks.

The ATMs Shutdown Impact on Bitcoin

The shutdown of hundreds of Bitcoin ATMs may seem like a bearish signal for the crypto industry at first glance. However, a closer analysis reveals this may not necessarily be the case. For one, Bitcoin ATMs represent a relatively small on-ramp for crypto compared to centralized and decentralized exchanges that handle much higher trade volumes. The impact of ATM shutdowns on overall Bitcoin demand and liquidity should be minimal.

Additionally, as Bitcoin Depot highlighted, a significant portion of Bitcoin ATM usage is for real-world finance rather than speculation. Remittances, bill payments, and other use cases are largely disconnected from Bitcoin’s price volatility.

Bitcoin has bounced back strongly in 2024 after last year’s lows amid the banking crisis and growing institutional adoption. While the ATM shutdowns could dent retail adoption in certain regions temporarily, it doesn’t appear to be a driving factor for Bitcoin’s price and momentum overall.

Photo: Bitcoin price 2023-2024

The Outlook for Bitcoin ATMs

Despite the recent declines, Bitcoin ATMs are unlikely to disappear soon. They remain a convenient way to access crypto, especially for unbanked users.

That said, the industry is shifting. Regulators will increase scrutiny around KYC/AML and companies will need to improve compliance to stay in operation. There may be further consolidation as well.

In the long run, Bitcoin ATMs will likely morph from niche machines into more robust digital kiosks supporting a range of crypto and traditional financial services to stay competitive. No matter what, the US will remain the heart of the Bitcoin ATM industry for the foreseeable future, given its crypto-friendly stance. However, the business will tighten up and evolve to comply with growing regulatory standards worldwide.

The post May 2024 Sees Global Decline in Bitcoin ATMs: Canada and US Lose Hundreds of Machines Even as Europe and Australia Expand appeared first on Metaverse Post.

Singapore-based cryptocurrency trading firm QCP Capital has recently shared its latest analysis, noting that the volatility of ETH contracts has surged to 105. This suggests significant price swings might occur before the United States Securities and Exchange Commission (SEC) reaches a decision on the initial set of spot Ethereum exchange-traded fund (ETF) applications. The deadlines are approaching quickly, with VanEck’s decision set for May 23rd and Ark Invest/21Shares’ scheduled for May 24th.

Furthermore, the funding rate for ETH perpetual contracts dropped dramatically from 50% to flat within just 12 hours. Despite this, the June forward contract continues to offer a 15% return, indicating a decline in short-term speculation but a sustained bullish outlook for the medium term. Additionally, ETH’s risk reversal rate for May 23rd and 31st is at -7, signaling that the market remains apprehensive about short-term downside volatility. This apprehension might prompt traders to engage in tactical hedging of their long ETH positions.

As of the writing time, ETH is trading at $3,736, reflecting a 1% decrease over the past 24 hours. However, it has seen a significant rise of over 26% in the past week. According to CoinMarketCap, the trading volume for ETH over the last 24 hours was $27.298 billion.

Optimism Grows For Spot Ethereum ETF Approval As SEC Signals Potential Shift In Stance 

Anticipation for the approval of spot Ethereum ETF is steadily growing, especially amid signs of a potential shift in the SEC’s stance. Recently, Ark Invest removed the staking component from its spot Ethereum ETF application. Following this, Fidelity made a similar amendment to its S-1 registration statement on Tuesday, and Grayscale did the same in its amended preliminary proxy statement, eliminating all references to staking and staking rewards. Previously, these asset managers had proposed allowing investors to stake a portion of their ether via the funds. This updated language likely reflects the SEC’s concerns about the risks associated with staking cryptocurrencies.

Furthermore, Bloomberg ETF analysts Eric Balchunas and James Seyffart significantly increased their probability estimate for the approval of spot Ethereum ETFs from 25% to 75% earlier this week. This change comes after a prolonged period of pessimism, reflecting a newfound optimism in the likelihood of these approvals.

Previously, QCP Capital suggested that ETH prices might surpass those of BTC if the spot Ethereum ETF applications are approved. Additionally, the current market apathy indicates that an unexpected approval of these investment products could surprise investors, potentially triggering a short squeeze and allowing the market to swiftly rebound to recent highs.

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To counter the problem, investors look for cryptocurrencies expected to continue their upward trend. Fortunately, the search has found its answer in the MoonBag coin. The MoonBag coin offers investors high returns and laid down the framework for the future. 

Let’s review how BOOK OF MEME and PEPE are doing and what the MoonBag presale offers investors. 

PEPE App Campaign Does Not Stop Investors from Cashing Out

A new PEPE App campaign from Crypto.com offers $50,000 in PEPE coins. Crypto.com users who have traded $50 worth of Pepe will be eligible for the campaign. Eligible users will win $10 worth of PEPE coins at the end of the campaign. 

The troubles for PEPE, however, are far from over. As the meme coin’s downward trend continues, investors are cashing out in favour of a new celestial hero. The price decline of 22.27% has further reduced investors’ faith in the meme coin. 

BOOK OF MEME Fails to Attract Investors Amid Future Concerns

Meme coins getting a price boost and turning bullish out of nowhere often leads to mass buying from crypto novices. However, before investing in meme coins, it is important to understand the risks involved. BOOK OF MEME is one meme coin that showed potential but could crash at any moment. The high uncertainty about how long BOME can hold on to the bullish momentum makes investors flock to better substitutes. The lack of future planning is another reason investors are not keen on the BOOK OF MEME crypto. 

MoonBag Coin Raises Over $130K in Presale, Attracts Investors for High ROI

The clouds of uncertainty in the meme universe are clearing with the emergence of MoonBag. The MoonBag presale kicked off at $0.00005 and raised over $150,000 in just a few days, showing promise. Those who join the presale now will enjoy a 9900% ROI at the official launch of the MoonBag coin. The ROI will increase to 15,000% once the MBAG coin is listed and reaches the price of $0.0030. 

MBAG coin purchasing has been simplified for investors. You can buy MBAG coins with a number of altcoins by using your Metamask or Trust Wallet. You can also start staking as soon as your purchase is complete. $MBAG crypto will bring high ROI and countless staking rewards to investors at the official launch. 

The Ethereum base underneath gives MoonBag coin a strong foundation, lending it interoperability and lightning-fast scaling speed. The MoonBag coin community will stabilise the prices after the launch through buyback and burn events. 20% of the presale funds will be put aside for liquidity to help with the buyback and burn events over three to six months. 

Final Thoughts – Are Meme Coins Worth Your Investments?

Meme coins are risky investment options and are not always worth your money. However, there are a few exceptions where the team cares as much about your assets as you do. While BOOK OF MEME & PEPE struggles with prospects, MoonBag presale has stepped up to help investors. The benefits and returns MoonBag coin offers, and the bright future predictions about the MBAG coin prove that it is a meme coin worth your money. 

Invest in MoonBag Presale

Website: MoonBag.org

Presale: MoonBag Presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org

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Two people have been caught by South Korean police in a major blow against cryptocurrency-related crime. They were the ones who defrauded an elderly gentleman of an astounding 5.5 billion won, or almost $4.1 million. This case, which took place in the country’s quickly expanding digital asset market between September and December 2022, brings to light the worrying surge in crypto frauds that prey on the weak and the defenseless.

Usage of Real Estate Contracts for Hiding the Scam?

The offenders, who are said to be in their 20s and 30s, reportedly enticed their victims with extravagant monthly returns of 70% on digital currency investments, according to the Haeundae Police Station in Busan. By using misleading methods, they told the elderly person, “Cryptocurrency is having a boom.” I’ll call it 1.7 billion won in a month if you invest 1 billion won.”

Encouraged by these false promises, the victim sent the con artists 5.5 billion won in six different transactions. The scammers supplied bogus balance certificates and paperwork, such as fictitious balance sheets showing 20 billion won worth of cryptocurrency and manufactured real estate contracts, in order to preserve the appearance of validity.

The whole scheme was revealed as a shameless scam, though, since none of the victim’s money ever made it to a reputable crypto trading account. Although the criminals were apprehended due to the police’s prompt intervention, it is still unclear if the stolen money would be recovered.

The Broader Crypto Crime Landscape in South Korea

This well-known case is only one illustration of the growing number of illegal actions linked to cryptocurrencies in South Korea. The National Financial Intelligence Unit said that in 2023, local cryptocurrency firms reported an astounding 16,076 questionable transactions—a 49% rise from the year before.

The controversial case of Do Kwon, the co-founder of Terraform Labs, whose suspected role in the collapse of the Terra ecosystem in 2022 has garnered worldwide scrutiny, has further tarnished the country’s cryptocurrency scene. Kwon was reportedly freed on March 23, raising questions about the effectiveness of the justice system despite having been temporarily held in Montenegro in response to extradition demands from the Republic of Korea and the US.

Understanding the gravity of the problem, South Korean authorities are acting decisively to stop crimes connected to cryptocurrency. Notably, the Virtual Asset User Protection Act, the nation’s first complete crypto law, is scheduled to go into effect on July 19. By enacting harsher criminal penalties—life in prison in some cases—for manipulating the cryptocurrency market, conducting illicit trades, and participating in other illegal acts, this historic law seeks to protect investors.

Enhancing South Korean Investigative Capabilities

In an effort to better address the growing number of cryptocurrency-related crimes, South Korea is thinking of making its Joint Virtual Asset Crime Investigation Unit, which is now a temporary unit, a permanent department. Its members include about thirty professionals from several tax and monetary regulatory agencies.

With the hiring of more prosecutors and funding, the government hopes to strengthen the unit’s standing, provide specialized resources, and improve its operational effectiveness by elevating it to the rank of official department. This calculated action demonstrates South Korea’s will to successfully tackle illicit activity linked to cryptocurrencies.

Crypto Regulatory Reforms and Investor Protection

Apart from enhancing its investigation capacities, South Korea is proactively bolstering its regulatory structure concerning digital assets. The nation’s regulators want to publish new guidelines by the beginning of May that would impose stricter rules for token listings on centralized cryptocurrency exchanges.

The upcoming regulations are anticipated to ban the listing of digital assets linked to hacking events on domestic exchanges until the underlying reason has been fully examined and remedied. In order to increase openness and investor understanding, international cryptocurrencies that wish to be listed on South Korean exchanges will also need to publish a white paper or handbook that is specially designed for the home market.

In addition to putting a stop to illegal activity, South Korea is fostering legal activity in the digital asset market. The Democratic Party of Korea, which emerged victorious in the recent legislative elections in the nation, has promised to allow investors in South Korea to purchase spot Bitcoin ETFs both locally and abroad. Furthermore, should it obtain a legislative majority, the ruling People’s Power Party (PPP), which is in charge of the president, has pledged to postpone the introduction of taxes on the earnings from digital assets, which were initially planned to take effect in 2025.

Countering Emerging Scams and Phishing Attacks in South Korea

Crypto fraudsters continue to modify and advance their strategies in spite of government measures, preying on the weaknesses of gullible people. Scammers have been using frightening text messages to warn receivers of impending “burns” or losses of their Ethereum holdings if they do not take urgent action in an attempt to defraud South Korean cryptocurrency users.

These misleading communications, which seem to be coming from fake cryptocurrency exchanges, advise victims to click on embedded links that take them to phishing websites where passwords and sensitive wallet information are harvested. People in the community have been actively alerting others about these evil scams, spreading the word about them, and advising care and alertness.

Recognizing the rise in cyber fraud cases involving virtual assets, the National Police Agency reports that 38.3% of the 167,688 cases recorded in 2023 were related to cyber fraud. Authorities have pledged to step up their efforts to stop these nefarious operations, tracking and tracing unlawful transaction flows with the use of investigative methods.

How Should South Korea Behave in This Situation?

As the country navigates the challenges posed by crypto-related crimes, it must strike a delicate balance between fostering innovation in the digital asset space and ensuring robust security measures to protect investors and market integrity.

The adoption of the crypto law is a major step in this direction, establishing a comprehensive legal framework to deter and penalize fraudulent activities while promoting transparency and accountability within the industry.

Mr. Kim, a Seoul National University alumnus, said he agrees with the notion of regulating on the condition that more studies be done by the government on blockchain technology and the virtual currency market. Even if he accepts the necessity for control because of excessive speculation, he underlined that in order to reduce market volatility and investor reaction, regulations should be put in place gradually.

However, the efficacy of these measures will ultimately depend on the government’s ability to adapt and respond swiftly to emerging threats, coupled with effective collaboration between regulatory bodies, law enforcement agencies, and the crypto community itself.

By combining robust enforcement, investor education, and a commitment to fostering a responsible and ethical digital asset ecosystem, South Korea can position itself as a leader in the global crypto landscape, mitigating risks while harnessing the transformative potential of this burgeoning technology.

The post Surge in Crypto Crimes in 2024: South Korea’s Escalating Battle Against Digital Asset Fraud and Regulatory Challenges appeared first on Metaverse Post.

Crypto expert, Altcoin Buzz, took to his YouTube channel to reveal the top 5 altcoins under $1 that are set to do incredibly well in the bull market. Among these, ETFSwap (ETFS) manages to stand out as the top choice, as other altcoins fail to live up to its 40,000x ROI potential.

Crypto Expert Eyes Bullish Breakout For Polygon (MATIC)

One of the best altcoins for 2024 outlined by crypto expert Altcoin Buzz is Polygon (MATIC), formerly known as Matic Network, which stands out as an exceptional layer-2 scaling solution for the Ethereum blockchain. Polygon (MATIC) provides a framework for building and linking scalable blockchain networks.

The price of Polygon (MATIC) had somewhat muted price action throughout 2023, failing to profit from market jumps as successfully as its peers. 

But as 2024 progressed, the MATIC price began to show signs of life twice testing the crucial $1 mark and momentarily approaching $1.2, possibly paving the way for a strong breakout. To resume its bullish momentum, analysts believe that Polygon’s (MATIC) price must rise above $1. 

Will Golem (GLM) Momentum Hold?

After a period of stabilization near the $0.43 mark, Golem (GLM) has lately experienced notable price volatility. GLM’s price surged to $0.53 as a result of this breakthrough which was a notable increase in just one day. 

The fact that purchases are still being made shows investors’ confidence, and if GLM keeps up its momentum, there may be room for more increases. It is also possible that there will be a brief retreat back to its average movement which may act as levels of support. 

The scenario may be set for a spike above $0.75 with goals at $1.4 and $3.1 if there is a robust bounce from these levels. However, a decline below the average movement can indicate a change in the holders’ pressure to sell.

Ondo Finance (ONDO) Investment Opportunity

The Ondo Finance (ONDO) project is well-known for helping to tokenize real-world assets by turning conventional assets like stocks or real estate into digital tokens that can be transacted on the blockchain by utilizing its token ONDO coin. 

In an effort to streamline settlements, Ondo Finance (ONDO) recently made headlines by teaming up with BlackRock to launch a tokenized fund.

Currently selling at around $0.84, professional analysts anticipate a consistent price increase throughout the next leg of the bull run, making ONDO a worthwhile investment to consider. 

Why Oasis Network (ROSE) Could Explode

As the cryptocurrency market continues its current bull run, investors are keeping a close eye on prospective altcoins that show solid fundamentals and room to grow significantly. Oasis Network (ROSE) stands out as a strong option among these competitors.

Oasis Network (ROSE) is one of the most popular cryptocurrencies riding the strong demand for artificial intelligence (AI). Because of its modular construction, the Oasis Network (ROSE) offers consumers extremely high efficiency, low gas expenses, and unparalleled security.   

Oasis Network (ROSE) offers investors looking to get access to a project with significant upside potential a compelling entry point at its present trading price of $0.086.

ETFSwap (ETFS) Tops Best Altcoins For 2024 

Crypto experts believe that ETFSwap (ETFS), a brand-new cryptocurrency and ETF trading platform, is the greatest alternative among the leading altcoins for 2024. By tokenizing a large selection of ETFs for blockchain trading, it closes the gap between conventional financial entities and the decentralized elements of DeFi. This allows users to trade crypto for ETFs and vice versa with ease. 

ETFSwap (ETFS) uses the Ethereum network to provide strong security while allowing users to trade without undergoing rigorous KYC verification processes. Also, top blockchain security company CyberScope examined ETFSwap’s (ETFS) smart contracts to guarantee the platform’s security. The audit findings continue to reassure investors of the safety of their investments, with no vulnerabilities discovered. 

The ETFS token is perhaps the most important part of the ecosystem as it provides access to the platform and significant liquidity for traders. Additionally, possessing ETFS tokens has several benefits, including easy, feeless transactions, staking rewards, and platform governance participation.

The current ETFSwap (ETFS) presale has drawn interest from the cryptocurrency community, positioning it as the greatest investment of 2024 and surpassing even the most powerful players in the market. More than 65 million tokens have already sold out during the ongoing Stage 1 presale, demonstrating how highly investors regard it.

Don’t miss this incredible opportunity to buy ETFSwap (ETFS) at the present low price of $0.00854 and watch as your investment portfolios achieve enormous gains during the much-anticipated second presale round. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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AIOZ Network has officially become the first DePIN Company listed on the Nvidia Accelerated Applications Catalog. This addition and recognition of AIOZ Network by Nvidia signals a big step forward for decentralized infrastructure; Nvidia’s millions of global user base can now explore AIOZ Network DePIN’s power when developing their applications via this new listing.

The Nvidia Accelerated Applications Catalog enables individuals and businesses to search for “a wide array of DPU—and GPU-accelerated applications, tools, and services.” It includes industry behemoths such as Adobe, Epic Games, and Autodesk. 

DePIN GPU Powered by 160,000 Nodes

AIOZ Network is developing web3 AI computes, data storage, and streaming infrastructure. Its global network of over 160,000 human-powered nodes powers storage and streaming applications built on the AIOZ network. 

The launch of the AIOZ Node V3 in Q1 2024 also enables passive utilization of user-idle GPU and CPU resources to power AIOZ Network infrastructure, such as the upcoming Web3 AI solution W3AI, which is scheduled to launch later this year. 

The AIOZ Network team has already released two DePIN-powered storage solutions this year: AIOZ W3S and AIOZ W3IPFS. These solutions already have considerable traction, with multiple clients in Web3 gaming, NFTs, and more utilizing the platform’s storage solutions for their products.

AIOZ W3AI

The launch of AIOZ W3AI later in 2024 will mean that AI developers worldwide can leverage AIOZ DePIN GPU and CPU to power their web3 AI applications. The W3AI marketplace will also allow the storage and sharing of AI models with monetization, collaborative training, and inference secured with homomorphic encryption. 

“We are excited to be the first web3 solution officially listed on the Nvidia catalog,” said AIOZ Network Founder Erman Tjiputra. “This considerable exposure via the Nvidia website to a world of developers and tech companies works towards our mission of developing an open and decentralized landscape for the future development of web3 AI computes, data storage, and streaming services- we look forward to welcoming future users of our web3 infrastructure.”

Website I Twitter  I Telegram 

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Biometric cryptocurrency project Worldcoin (WLD) issued a response to the recent ruling by the Hong Kong Office of the Privacy Commissioner for Personal Data (PCPD), which ordered the company to cease local operations due to violations of the Privacy Ordinance.

The company clarified its stance, emphasizing that its aim is not to know, distribute, or profit from individuals’ identities or personal data. Instead, it focuses solely on verifying users’ humanity and uniqueness, highlighting the core concept behind World ID, which serves as a secure, private digital passport enabling individuals to demonstrate their human identity online.

The company further outlined its progress throughout 2024 aimed at bolstering transparency, privacy, and security while offering users more control over their data. In March, Worldcoin introduced Personal Custody, allowing all data used for iris code creation during World ID verification to remain on the user’s device. In April, it announced that World ID holders could opt to unverify their World ID, including the permanent deletion of their iris code.

In May, the company introduced its Secure Multi-Party Computation (SMPC) system, which represents a cryptographic advancement in biometric verification. This system divides iris codes into components and disperses them among several trusted entities, removing the necessity for a central server.

Privacy. Transparency. Personal control.https://t.co/HgA3Cl7Mf1

— Worldcoin (@worldcoin) May 22, 2024

The response follows swiftly after the recent directive issued by the PCPD. Earlier, the regulatory body conducted approximately ten covert inspections at six Worldcoin facilities between December 2023 and January 2024, raising concerns about the company’s alleged unnecessary and excessive data collection practices. 

What Is Worldcoin, And How Does It Work?

Founded in 2023 by Tools for Humanity, Worldcoin positions itself as a “privacy-preserving” initiative for digital identity authentication. The company uses iris scanning technology for identity verification, with users receiving a small amount of WLD tokens in return. After its introduction, the project garnered scrutiny from regulators and privacy advocates in various countries, including Kenya, Britain, and Germany, among many others. Concerns were raised regarding the transparency of its data collection methods.

Recently, South Korea’s Personal Information Protection Commission has initiated an investigation into Worldcoin following complaints regarding the project’s gathering of personal information.

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Bitgert and its digital infrastructure are a modern yet simple-to-use, fast-rising currency with a promising market prospect. Investors who know what an incredible financial instrument cryptocurrency can be have joined the coin’s moving train. The partnerships and collaborations involved in this project give it just the right standing among other cryptocurrencies, measured by market capitalization.

In this article, we will discuss the outstanding features of Bitgert coin and the feats it has achieved since its launch, the partnerships and collaborations that have boosted the coin’s market value, and its prospects to pump. 

The Extraordinary Features of the Bitgert Coin

Crypto experts are connecting the Bitgert coin’s sudden rise as a big fish and a game-changer in the market with the pump in price to the successful features embedded in its ecosystem, a real structure making waves in the crypto space. Small and big investors have now begun to scale up their assets for the future of their cryptocurrency journey and their aim for financial freedom. 

Security and Transparency 

One of the features backing speculations about Bitgert’s promising future is the security and transparency investors have when conducting market activities in the ecosystem.

Like any project, success is the ultimate requirement for recognition and appreciation. Equally important is a protected and transparent market where investors can be assured that their assets are safe. The Bitgert coin’s ecosystem is safe and secured with technology that ensures that money doesn’t disappear because transactions are safely processed and recorded. You have absolute control.

Gas-Free Initiative 

Another feature is a gas-free initiative that allows investors to transact for free at an impressive speed. By all indications, Bitgert is an asset to have. Bitgert and its zero gas fee initiative make it the world’s first ecosystem to allow free trading and exchange, making market activities easier and cost-effective.   

Extensive List of Partners 

Also, the long list of partners that Bitgert managed to forge gave its prices an 80% rise in just 30 days. Partnerships form productive collaborations, and you can only expect one thing: the kind of pump in the price you see in Bitgert coin. About 70 partners have collaborated with Bitgert.

Clear Growth Potential  

Another feature driving Bitgert’s growth is its clear growth potential. Stats prove the coin’s incredible growth in these past months. These stats show how Bitgert has surpassed Dogecoin with an over 144% pump and how the coin’s trading volume has reached over $7 million in the space of a day. 

Rounding Up

Bitgert’s success, strong alliance, and extensive community give it an optimistic stand in the marketplace. The coin’s future looks good from all indications; there are predictions of a possible 200 pump than we currently see. 

Experts have also predicted the coin’s increase in 5 to years. So, join the success train and invest with your money and commitment so you can share in the future that has been predicted. Please visit https://bitgert.com/ for more

The post The Blueprint to Turning $200 into $200,000 with Bitgert Coin appeared first on Metaverse Post.

Have you ever thought of what a $200 investment can bring you? By investing in BEFE, you can reap an exponential profit of almost $200,000. Time and again, BEFE signals yield go aheads for both seasoned as well as novice investors to make fortunes through smart investments. Realize the power of this strategy by investing in cryptocurrencies. Start your path toward big success in big finances with BEFE Coin.

Exploring BEFE’s Tokenization

BEFE’s token-distribution strategy focuses on fairness, decentralization, and community involvement in the careful distribution underpinning the project’s commitment to ensuring that the playing field is level for all and instilling collective stewardship in the ecosystem. Much more important in the kind of approach BEFE is using for the distribution of tokens is the removal of the presale concept and placing 100% of the tokens in the liquidity pool on both the Ethereum and BSC chains. This decision is solely based on equal access in the further elimination of any prospective token concentration in the hands of early-mining investors. By setting conditions fair and square from the get-go, BEFE sets the base for a community that is more inclusive and decentralized.

Interestingly enough, the BEFE token distribution on the Solana chain has a different approach: of these, 30% go to the liquidity pool, and another 30% are put into use for presale and over-the-counter deals. That shows the approach behind it: to make use of such an opportunity to interact with institutional investors and partners who can drive adoption on the Solana chain. The remaining 40% of these Solana tokens will be split equally for marketing efforts and for the team in the field, hence promotion and development in the long term.

An interesting point in the BEFE strategy is the decisions connected with distributing the token on several chains. BEFE’s token-distribution approach looks well-balanced and is designed to ensure fairness, community involvement, and strategic partnerships. Prioritizing at its core decentralization and liquidity on Ethereum and BSC and nurturing the relationships with key players on Solana, BEFE is positioning for long-term success in the highly competitive meme-inspired cryptocurrency world.

How To Trade BEFE For Big Gains

Trading in cryptocurrencies with a meme foundation, like BEFE, can be profitable but dangerous. Overstating the legitimacy of any comedic concept and the likelihood of it being broadly embraced. Then, if the price of BEFE rises, you can potentially earn further funds by staking BRISE tokens. Finally, being part of the community will serve to keep one up to date on passing possibilities and trends in the industry. But take to heart these key pointers: The name of the game is moderation and diversification. More aggressive tactics, including micro trading, gaining traction, and acting as an intermediary on autonomous exchanges, may offer higher potential returns but likewise come with risks, such as the risk of buying high and selling low or experiencing temporary loss. 

Conclusion

While the tactics mentioned above can turn a relatively small investment into a large one, they really ought to only be employed by enduring, risk-tolerant types. Weigh the pros and cons carefully before making your pitch in meme-based cryptocurrencies like BEFE.

To know more about BEFE, Visit https://befetoken.com

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The THORChain price has seen a notable increase over the last 28 days, leading to a bullish price prediction. Meanwhile, Fetch.ai Blockchain has integrated Chainlink and BlockAgent, introducing the latest toolkit for real-world tracking of blockchain functions.

On the other hand, BlockDAG recently celebrated batch 14 of its presale, following the grand success of its keynote release at Shibuya Crossing. This event propelled presale numbers to $29.2 million, with over 9.4 billion coins sold. The keynote highlighted BlockDAG’s innovative features, including the entry-level mining device, the X10, which sets it apart from the competition. Let’s explore the many ways BlockDAG establishes itself as one of the best crypto investments.

The Strong Community Behind THORChain Price Surge

RUNE is a community-driven network, which could favor the bulls. If it maintains its current technology in the coming years, it can achieve steady growth, despite limited new developments.

The THORChain token’s price is trading between $4.740 and $6.129.2, poised to test its resistance level. Surging notably through the past week, and month, indicating strong bullish momentum. The MACD shows weak buying and selling pressure, with averages suggesting a bullish outlook. If the market turns bullish, RUNE could test $8.250 this month; otherwise, it may drop to the crucial support level of $4.750.

Fetch.ai Blockchain Integrates Chainlink and BlockAgent for Enhanced Real-World Tracking

Fetch.ai Blockchain integrates Chainlink and BlockAgent for real-world blockchain tracking. BlockAgent, an automated tool, gathers transaction data to enhance blockchain understanding, offering a custom-built interface that simplifies smart contract work across multiple blockchains. Utilizing Fetch.ai Blockchain’s AI Agent technology, BlockAgent establishes notifications and alerts for smart contracts, tracks token transfers, and provides real-time event access.

It integrates Chainlink’s decentralized oracle network to redeem historical price data from various chains like Ethereum, Polygon, and Arbitrum. BlockAgent’s diverse features support NFT marketplaces, portfolio tracking, copy trading, and effective governance activities in DAOs, making it a versatile tool for blockchain users.

BlockDAG Boosts Visibility and Presales with Keynote and X10 Mining Device

BlockDAG is making waves in the crypto sphere with its unique approach to enhancing visibility and impressing investors and crypto enthusiasts. A recent keynote video unveiling its project and products went viral, especially after being aired on billboards at Tokyo’s bustling Shibuya Crossing. This strategic marketing move propelled BlockDAG’s presale coin to new heights. Leveraging such a high-traffic, globally recognized location boosted BlockDAG’s visibility, ignited significant interest in its new cryptocurrency offering, and showcased the power of strategic marketing in the competitive crypto space.

The keynote highlighted BlockDAG’s integration into major DeFi exchanges such as Bitget and CoinEx, as well as its user-friendly crypto payment card. This card, developed in collaboration with leading banking-as-a-service providers, simplifies spending on BDAGs and other cryptocurrencies like Bitcoin, bypassing lengthy transaction approvals and complex KYC procedures. Accepted by 38 million merchants worldwide, BlockDAG’s ecosystem is set to redefine the digital economy.

The keynote also showcased BlockDAG’s innovative X10 mining device, a compact yet powerful tool for cryptocurrency mining. No larger than a standard Wi-Fi extender, the X10 can mine up to 200 BDAG daily, equating to $10 daily with its 100 MH/s hash rate. With a plug-and-play setup, Wi-Fi and Ethernet connectivity, and energy-efficient 40W ASIC technology, the X10 combines performance, efficiency, and user-friendliness, making it perfect for both beginners and experienced miners.

Conclusion

Delving deeper into 2024 with a bullish prediction for THORChain’s price, alongside the integration of Chainlink and BlockAgent with Fetch.ai Blockchain for real-world tracking. Meanwhile, BlockDAG steals the show with its keynote release at Shibuya Crossing, presale numbers nearing $29.2 million, and the innovative X10 miner that can make $10 daily upon launch price, cementing BlockDAG’s status as one of the best crypto investments.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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Digitizing documents, procedures, and services appears to be a reasonable first step as state governments look for gradual but effective IT transformation projects. States may facilitate a more comprehensive digital transition by decreasing their dependence on antiquated paper-based procedures.  Providing instant advantages to citizens and operations at the same time. Throughout the European Union, the new eIDAS law offers a strong foundation to support the shift to trustworthy digital interactions.

Photo: ENISA

The Drivers for Digital Document Adoption

Two key factors motivate states to pursue digitization of forms and workflows – budget constraints and change management risks. Modernizing archaic legacy systems requires substantial investment, yet IT budgets remain highly constrained by competing priorities. 

Photo: People obtaining government information online in 2023, Eurostat

According to a 2019 U.S. Government Accountability Office report, a staggering 80% of the federal government’s $90 billion IT budget went towards operating and maintaining existing outdated investments.

Photo: The 10 Critical Federal Legacy Systems Most in Need of Modernization, as of June 2019,  GAO

In addition, states are understandably cautious about disruptive large-scale IT overhauls that could jeopardize critical daily operations and services. Incremental digitization initiatives allow public sector organizations to chip away at modernization objectives without risking operational upheaval.

The Business Case for Digital Documents

Adopting digital documents confers compelling cost-saving, efficiency, security, and experience advantages over entrenched paper-based processes. A U.S. Chamber of Commerce study found that paper forms cost the federal government $38.7 billion annually, while citizens spent 10.5 billion hours completing government paperwork in 2021 alone.

Agencies may decrease labor-intensive manual procedures, expedite service delivery, and save overhead costs related to printing, storing, and managing physical documents with digitizing forms, signatures, and approval workflows. Since digital documents include verifiable audit trails and encryption, they also naturally improve data security and integrity.

The fact that digital documents greatly improve employee and citizen experiences may be the most crucial benefit. While staff efficiency and satisfaction are increased by automated process capabilities and intuitive e-signature technology, public participation is enhanced by easy digital access to government materials.

EU Partnering for Scalable Digital Document Transformation

Given the profound potential impacts, states should carefully evaluate digital document solutions that can integrate with existing systems, scale seamlessly in line with modernization efforts, and provide a cohesive platform for managing the complete document lifecycle.

The eIDAS regulation creates a solid legal framework to make cross-border digital transactions inside the European Union secure and simple. eIDAS facilitates interoperability throughout the digital ecosystem and increases confidence in online services by standardizing processes related to electronic identification services.

Mutual recognition of eIDs issued by member nations is a fundamental component of eIDAS, as long as such eIDs fulfill specified assurance levels and get the appropriate notification. This facilitates cross-border digital interactions by enabling an eID issued in one nation to be accepted for authentication and digital signature purposes throughout the EU. 

Different types of trust services are defined by the legislation; some of these categories have the “qualified” Trustmark, which denotes the highest standards of security and legal legitimacy. E-seals, e-signatures, registered e-delivery, and time-stamping for data integrity and non-repudiation are examples of these qualified trust services.

eIDAS, a significant modernizing breakthrough, establishes an easily compliant technology architecture. Through the establishment of precise guidelines for digital identity, electronic authentication, and information security, as well as the encouragement of mutual trust, eIDAS creates the foundation for secure, global digital public services. This achievement promotes a coherent and secure digital single market by ensuring a solid basis for digital transactions and enhancing interoperability across EU countries.

Proposed eIDAS Updates for the Digital Future

While eIDAS made great strides in establishing digital trust services, the proposed eIDAS 2.0 revision aims to enhance and expand the framework to account for technological evolution and meet new digital ecosystem needs.

A core enhancement involves the introduction of secure European Digital Identity Wallets, acting as encrypted mobile repositories for individuals to store and control the sharing of their identification credentials. This portable identity concept streamlines cross-border access to services while strengthening user privacy and consent principles.

Photo: The architecture of the EUDI Wallet ecosystem, Utimaco

Updates also broaden eIDAS applicability beyond just public sector use cases, mandating that large online platforms accept qualified electronic signatures and seals for identity verification and authentication. This expands the regulation’s impact to a wider swath of digital economy participants.

Other key updates encompass measures to further harmonize security requirements, mitigate risk, and strengthen the overall resiliency of the EU’s digital identity infrastructure. The comprehensive revision reinforces eIDAS’ vision as a horizontal enabler of trusted digital interactions.

Leveraging Blockchain for Verifiable Digital Credentials

Blockchain technology shows promise as a safe, decentralized framework for digital credential issuance, storage, and verification as digital identity becomes more and more important. Blockchain places the holder of the digital identity wallet in a position of sovereignty, enabling them to approve the safe dissemination of their verified credentials and accomplishments. It also enables government agencies, employers, and educational institutions to issue unchangeable credential attestations to the wallet.

Several nations have initiated blockchain-anchored digital credential projects spanning areas like academic degrees, professional licenses, employee skills certifications, and COVID-19 vaccination/testing status. These decentralized approaches aim to streamline digital verification processes while preventing fraud.

The Road Ahead for Integrated Digital Transformation

While discrete digitization of documents and services yields meaningful productivity and experience enhancements, states can compound those benefits by executing within a cohesive digital government strategy. By leveraging eIDAS-aligned digital identity infrastructure and blockchain-based credential issuing, government digital ecosystems can establish secure interoperability across agencies and services.

Under eIDAS 2.0, digital identity wallets will be used for real-world transactions, including getting a prescription filled, opening a bank account, and proving one’s academic standing. With the use of these wallets, persons will be able to confirm that they are legally permitted to live, work, or attend school in any of the EU’s member states. 

These use cases are presently being tested as part of a pilot program. By digital futures, the EU hopes to lower fraud and encourage safe cross-border travel.

Together with his action-call counterparts, Robert Condon, Head of Ericsson’s Government and Policy Advocacy in Europe emphasized the need for lawmakers to create a true Digital Single Market, close the investment gap in digital connectivity, and refrain from adding needless regulations for businesses involved in the digital ecosystem. He underlined that by using the promise of new technologies, Europe must grasp the chance to emerge as a worldwide leader in the industrial internet. 

According to Condon, in order to promote the implementation of a top-notch digital infrastructure, embrace productivity-enhancing technologies, and make sure that the legislative framework is appropriate for the future, Member States and the EU must collaborate with business.

A holistic roadmap reimagining government operations around accessibility, efficiency, and verifiable digital interactions positions states for resilient, user-centric digital transformation. Incremental digitization of paperwork may serve as the on-ramp, but eIDAS and allied technologies will propel states into an integrated and modernized digital future.

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Asset management company WisdomTree announced it has received approval from the United Kingdom Financial Conduct Authority (FCA). It will launch its WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) exchange-traded products (ETPs) on the London Stock Exchange. The listing is scheduled for May 28th.

These products are completely physically-backed Bitcoin and Ethereum ETPs with a management expense ratio (MER) of 0.35%. This fee structure is among the lowest for institutional-grade Bitcoin and Ethereum ETPs in Europe.

The goal of an ETP is to closely mirror the performance of an underlying asset or benchmark with high efficiency and accuracy. Physical ETPs accomplish this by directly purchasing the asset they aim to track.

Furthermore, physically-backed cryptocurrency ETPs are similar to spot cryptocurrency exchange-traded funds (ETFs) in that both hold cryptocurrencies as their underlying asset. While both aim to track the price closely, a spot ETF might use derivatives to achieve this without requiring the investor to hold the actual tokens. In contrast, physically-backed ETPs provide investors with a share of the tokens owned by the fund, which are kept in cold storage.

WisdomTree Expands Crypto Services In New York State With Recent Charter Acquisition

The New York-based firm WisdomTree manages over $111 billion in assets globally. In January, its WisdomTree Bitcoin Fund (BTCW) was one of the investment products approved to operate a spot Bitcoin ETF in the United States. Since 2019, the company has been providing cryptocurrency products on various exchanges in the European Union.

Recently, WisdomTree received a charter from the New York State Department of Financial Services, allowing it to provide crypto-related services within the state. This permits the firm to provide fiduciary custody of digital assets, encompassing digital wallet services, issue and exchange approved stablecoins. Additionally, it allows the company to operate stablecoin reserves through the newly established WisdomTree Digital Trust Company, LLC.

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As Retik Finance (RETIK) enters the trading arenas of Uniswap, MEXC, LBank, Digifinex, Bitmart, CoinW, and P2B, a significant development has captured the attention of the crypto community. An influential figure in the cryptocurrency world has made a substantial investment in the project, demonstrating confidence in the potential of RETIK, particularly its innovative DeFi debit cards. This move has fueled excitement and speculation about the future of Retik Finance, suggesting a bullish trajectory for the token.

The Investment Surge: Confidence in RETIK’s Potential

At the heart of this buzz is the influential crypto investor who has channelled millions into Retik Finance (RETIK). This decision is rooted in the promise shown by RETIK during its presale phase, where the token displayed significant growth potential. Currently trading at around $0.15 per RETIK token on major exchanges, the investment underscores a strong belief in the project’s ability to disrupt and innovate within the decentralised finance (DeFi) space.

The Power of DeFi Debit Cards

One of the standout features of Retik Finance is its DeFi debit cards. These cards are poised to revolutionize how users interact with their cryptocurrency assets, providing a seamless and user-friendly way to spend crypto in everyday transactions. The recent release of the beta version of the RETIK virtual DeFi debit cards, rolled out a year ahead of schedule, has already seen enthusiastic adoption among crypto enthusiasts.

The DeFi debit cards offer several advantages:

Ease of Use: Users can easily convert and spend their crypto holdings without the need for complex procedures or additional intermediaries.

Security: Leveraging blockchain technology ensures transactions are secure and transparent.

Accessibility: Available to a broad audience, these cards make crypto spending as straightforward as using traditional debit cards.

Why the Investment Matters

The large-scale investment from a prominent figure in the crypto world signals more than just financial backing. It represents a vote of confidence in Retik Finance’s vision and the practicality of its DeFi debit cards. This endorsement can attract more investors and users, accelerating the adoption and integration of RETIK into the broader financial ecosystem. Moreover, the investment highlights the growing interest in DeFi solutions that bridge the gap between traditional finance and the burgeoning world of cryptocurrencies. The ability to use crypto seamlessly in daily life is a significant step towards mainstream acceptance and usage, making projects like Retik Finance crucial to the future of finance.

Retik Finance’s Roadmap: A Look Ahead

Retik Finance is not just resting on its laurels. The project has laid out an ambitious roadmap aimed at expanding its offerings and enhancing the functionality of its DeFi debit cards. Future plans include:

Retik Physical Cards Launch: Retik Finance plans to launch physical cards in the first quarter of 2026.

Integration with More Merchants: Expanding the network of merchants that accept RETIK debit cards will increase their utility and convenience.

Enhanced User Experience: Continuous improvements to the user interface and overall experience will make it easier for users to manage their crypto assets.

Community and Market Reactions

The reaction to the influential investment and the trading launch of RETIK has been overwhelmingly positive. On social media platforms and crypto forums, discussions are rife with speculation about the future price of RETIK and its potential impact on the market. Early adopters of the virtual DeFi debit cards have shared their positive experiences, further bolstering the project’s reputation. Analysts are also weighing in, with many predicting a strong upward trend for RETIK. The combination of innovative technology, practical applications, and strong financial backing creates a robust foundation for growth. If the project continues to deliver on its promises, it could become a significant player in the DeFi landscape.

Conclusion: A Bright Future for Retik Finance (RETIK)

The substantial investment by a well-known crypto figure as Retik Finance (RETIK) begins trading on major exchanges marks a pivotal moment for the project. The promise shown during the presale phase and the early success of its DeFi debit cards have positioned Retik Finance as a promising contender in the DeFi space. As the project continues to innovate and expand, the support from influential investors and the crypto community will be crucial in driving its success. Retik Finance’s vision of making cryptocurrency transactions seamless and accessible to all is not just a distant goal but a rapidly approaching reality. The future looks bright for RETIK and its growing community of users and supporters.

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Twitter: www.twitter.com/retikfinance

Telegram: www.t.me/retikfinance

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