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XRP (XRP) and ApeCoin (APE) are prominent names in the cryptocurrency space, ranking in the top 100 cryptos ranked by market cap. Despite their previous success, crypto market experts have advised investors to pick Tradecurve (TCRV) over XRP and APE as a better investment option for the next crypto market rally. XRP (XRP) and Apecoin (APE) are two established cryptocurrencies that have suffered major downtrends from a bearish crypto market. According to analysts, although XRP (XRP) and ApeCoin (APE) could rally along the crypto market, they Experts have picked Tradecurve as one of the potential winners for the next major crypto market, with predictions of up to a 100x price rally. Market Analysts Say Investors Should Leave XRP (XRP) and ApeCoin (APE) Since 2020 when Ripple was sued by the Securities and Exchange Commission (SEC) for offering XRP as unregistered securities, the price of the token has suffered a major hit. Now trading at $0.438, XRP is down by more than 87% from its all-time high. Although XRP holders predict a recovery if Ripple wins the SEC lawsuit, there is still no update on when the verdict will be passed. With the uncertainty about the SEC lawsuit, experts have marked XRP as a crypto to avoid. Another crypto that falls in this category is the utility and governance token of the Bored Ape Yacht Club (BAYC) ecosystem, Apecoin (APE). ApeCoin (APE) launched amidst great hype within the crypto community, quickly rallying to hit an all-time high of $36.94. However, since then, the price of Apecoin (APE) has been on a decline, dropping to 95% below its ATH. Although market analysts believe Apecoin (APE) could rally along with the crypto market during the next bull market, like XRP, they don’t expect APE to come out as a top performer. Analysts Back Tradecurve (TCRV) As a Top Performer in the Next Bull Market The doubts surrounding Apecoin and XRP have led many crypto analysts to ask investors to focus on Tradecurve (TCRV) instead. Tradecurve is predicted to be a major benefactor of the next crypto bull market because it is strategically placed. This is because the current regulatory struggle of centralized exchanges (CEXs) has forced many crypto users to other types of exchanges. Hybrid exchanges like Tradecurve are quickly emerging as the successor to centralized exchanges because they combine the best features of both centralized and decentralized exchanges to create a platform without any glaring flaws. For example, on Tradecurve, users can manage their private keys, trade anonymously, low trading fees, and don’t exercise censorship features lacking on CEXs. With the great exchange migration happening, crypto analysts have predicted that Tradecurve will be one of the top benefactors and could compete to emerge as one of the top three crypto exchanges in the future. With these prospects, its native utility token TCRV has been predicted to rally from its current price of $0.018 to as high as $1.5 before the end of 2023. TCRV offers room for massive growth and this is why investors have been advised to stock up ahead of the next crypto market rally. To find more information about Tradecurve and the TCRV token, visit the links below: Click Here For the Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram
 
KuCoin Pushes for Greater Compliance with Mandatory KYC Upgrade VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, a leading cryptocurrency exchange, is pleased to announce the upcoming upgrade of its Know Your Customer (KYC) authentication rules and systems, effective July 15, 2023. This strategic move aims to embrace global compliance requirements, foster a safer trading environment, and bolster the security level of user accounts. The upgraded KYC framework details are listed below: Mandatory KYC for New Users: Starting from July 15, 2023, all newly registered users must complete KYC to access KuCoin’s comprehensive suite of products and services. This requirement ensures a high level of accountability and transparency within the platform. Limited Services for Non-KYC Users: For users who registered before July 15, 2023, failure to complete the KYC process will restrict their access to certain features. Specifically, these users can only utilize services such as Spot trading sell orders, Futures trading deleveraging, Margin trading deleveraging, KuCoin Earn redemption, and ETF redemption. Deposit services will not be available, although withdrawals will remain unaffected. “As people’s exchange, KuCoin has always prioritized the security of users’ assets. As a globalized exchange, KuCoin closely monitors the crypto policies of various countries and respects compliance requirements, providing users with enhanced asset security. With the development of the cryptocurrency industry, crypto has gradually moved from a geek towards mass adoption. However, this process has also brought about certain security issues concerning on-chain assets. “In light of this, KuCoin has strengthened our KYC system to comply with regulatory requirements worldwide and better protect the asset security of all cryptocurrency users through enhanced KYC rules,” Johnny Lyu, CEO of KuCoin, emphasized. Please note that during the upgrade period, users ‘assets are all safe during the upgrade period, and KuCoin will strive to deliver better services. For inquiries or concerns regarding the KYC authentication adjustment, users are encouraged to visit the support center for comprehensive information, join the Telegram group, or contact the online customer service team. Please refer to the KuCoin blog for further information. About KuCoin: Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusiveness and community action reach, it offers over 700 digital assets. It provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. Contacts For media inquiries, please contact: [email protected]
 
Not only Asia’s largest Web3 event, this year’s conference is expected to be the world’s largest of its kind TOKEN2049 has already surpassed last year’s registration and sponsorship numbers with numbers steadily climbing ahead of September Speaker highlights include prolific entrepreneur Balaji Srinivasan; Ethereum Co-Founder Joe Lubin; Galaxy Digital CEO Mike Novogratz TOKEN2049, Asia’s premier Web3 and crypto conference, has announced its first batch of high-profile title sponsorsand headline speakers for its much-anticipated Singapore return. TOKEN2049 will take place from 13-14 September 2023 at Marina Bay Sands, ahead of the Formula 1 Singapore Grand Prix 2023 race weekend. TOKEN2049 is set to welcome over 10,000 attendees from over 3,500 companies, making it the largest event of its kind this year. With the conference taking place in Singapore once more, this speaks to the enduring importance of Asia as a driver of growth and vibrancy of innovation in the global digital asset ecosystem. Following the resounding success of its record-breaking Singapore 2022 event, TOKEN2049 will feature an expansive programme of over 300 side events and networking opportunities taking place from 11-17 September throughout the city-state. Celebrating the event’s triumphant return to Singapore, Alex Fiskum, Co-Founder of TOKEN2049 said: “We’ve seen unprecedented traction and interest amid a record number of ticket registrations to date and confirmed speakers, sponsors and partners in our line-up. We expect TOKEN2049 Singapore to be the largest crypto event of the year, an unforgettable experience that will surpass our previous editions in terms of size, activity, and overall excitement.” Gathering global industry leaders, top decision makers and innovators, new additions in the 2023 agenda include hacker houses, technical workshops, and NFT galleries among others. The 2023 edition of the conference has already surpassed last year’s attendance, sponsorship and speaker milestones, with numbers rapidly rising ahead of September. This year’s agenda spans the ever-evolving regulatory landscape, the rise of AI, Web3 gaming, NFTs and the metaverse, DeFi, scalability, interoperability, and many more. The impressive speaker line-up includes Balaji Srinivasan, Founder, Investor and Author of The Network State; Joe Lubin, Co-Founder of Ethereum and Founder of ConsenSys; Stani Kulechov, Founder and CEO of Aave; Mike Novogratz, CEO of Galaxy Digital; Sandeep Nailwal, Co-Founder of Polygon; and Brad Garlinghouse, CEO of Ripple, along with a range of leading industry figureheads. “This is the second year for us to combine TOKEN2049 and Singapore Grand Prix where we’ll unveil the new McLaren OKX custom livery. The event is a great starter to the weekend and to bring crypto and F1 fans together in a big way. This year has been about helping people see the future of Web3 through our latest “rewrite the system” campaign and Singapore will be a prime venue for us to amplify our efforts,” said Haider Rafique, Chief Marketing Officer at OKX. The diversity of this year’s title sponsors for TOKEN2049 Singapore speaks to the inherent vigour of the industry. This includes leading cryptocurrency spot and derivatives exchange OKX; global financial technology firm Circle Internet Financial (Circle); world’s largest cryptocurrency exchange Binance; global digital asset market maker and multi-stage Web3 investment firm DWF Labs; open-source blockchain technology firm EOS Network Foundation; DeFi asset management protocol Tranchess; top cryptocurrency exchange platform Kucoin; the world’s largest multichain ecosystem Polkadot; all-in-one, institutionally-focused digital asset platform Fireblocks; leading decentralised blockchain operating system TRON DAO; world’s largest crypto copy trading platform Bitget; open-source public blockchain Klaytn; and the world’s first Sharia-compliant crypto asset Islamic Coin. For more information and continued updates on TOKEN2049 Singapore, please visit: https://www.asia.token2049.com/ ABOUT TOKEN2049 TOKEN2049 is a premier Web3 event, organised annually in Singapore, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is a global meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry. Media Contact [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
WebX, Asia’s leading Web3 conference (July 25-26), is thrilled to announce the participation of more esteemed guests at this year’s event: Japan prime minister Fumio Kishida, Yuga Labs CEO Daniel Alegre, the Dogecoin dog Kabosu, and the groundbreaking AI robot Desdemona (Made by Hanson Robotics, sister to Sophia the Robot). WebX is a conference dedicated to bridging divides – Web2 and Web3, Japanese and English, Japan and the rest of the world. Japan has the potential to become Asia’s Web3 hub, and this inaugural WebX conference is both a recognition of and a launchpad for that potential. Prime Minister Kishida speaking at WebX underscores the Japanese government’s recognition of the significance of Web3 technology in shaping Japan’s digital future. Their involvement signifies a strong commitment to driving technological advancements and fostering a favorable ecosystem for Web3 businesses. Yuga Labs, known for their contributions to the NFT space and digital art, will provide valuable insights into the intersection of blockchain, creativity, and decentralized finance. Their presence at WebX reflects the growing prominence of NFTs and their transformative potential across industries. Kabosu, the beloved Shiba Inu famously known as Doge, will bring a touch of charm and humor to the conference. As an iconic figure in the crypto community, Kabosu’s participation highlights the playful and engaging aspects of Web3 technology. Desdemona, the AI robot, represents the cutting-edge advancements in artificial intelligence and automation. Her presence at WebX showcases the symbiotic relationship between AI and Web3, and the potential for AI-driven solutions to reshape industries and enhance user experiences. WebX is honored to have these esteemed guests join us and contribute their unique perspectives to our extensive lineup of speakers. For the latest list, please visit: https://webx-asia.com/all-speakers/ Why you should attend WebX: It’s being produced by Japan’s largest crypto media outlet. CoinPost’s credibility and deep insights into the industry will give participants access to the latest trends and information, not to mention industry leaders and prestigious speakers. It’s an international conference held in Japan. The fusion of Japanese culture and technology will offer all participants a unique experience, as this is an opportunity for Japan to showcase to the world its role in the evolution of Web3. Major Japanese gaming companies are participating. Square Enix, known for Final Fantasy and Dragon Quest, Sega, known for Sonic and the Yakuza series, and other household names will discuss integrating gaming and Web3. Details Date: July 25 (Tuesday) – July 26 (Wednesday), 2023 Venue: Tokyo International Forum Expected number of exhibiting companies: 150+ Expected number of media partners: 100+ Early Bird Registration Ending in 2 Days! Don’t miss out on this opportunity to secure your spot at a discounted rate. Register now on our official website (https://webx-asia.com) to take advantage of the early-bird offer.For inquiries regarding this press release, please contact: [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
New Launch, Azuki Elementals raised $38 million in 15 minutes. Azuki floor price saw a 31% decline in 24H. Azuki, the highly successful NFT brand, is currently making big waves in the digital art market. With the new launch of “Azuki Elementals,” they find themselves teetering on the line between a downtrend and reaching their high goals. Speaking of progress, Azuki managed to raise an astonishing $38 million in just 15 minutes during its latest drop. However, the recent downturn in the NFT industry has had an impact, with Azuki Elementals currently priced at 1.65 ETH, falling below the initial price of 2 ETH. The entire Azuki brand NFT series has experienced a significant decline, causing the Azuki floor price to drop to 10 ETH, representing a 31% decrease in just 24 hours. Notably, Azuki Elementals offered 20,000 NFTs inspired by the four elemental forces: earth, fire, lightning, and water. These digital assets possess various levels of rarity traits, which were kept secret until the moment of purchase. Azuki Elementals Sparks Excitement Amidst Challenges Through the sale of Azuki Elementals, the Azuki official team (0x3A…6305) received 20,000 ETH. It was then transferred to the Azuki team’s multi-signature address (0x2a…60AA). Prominent buyers included luggis.eth ($1.53 million), christian2022.eth ($1.39 million), beanwhale.eth ($1.09 million), and suicide.eth ($0.51 million), among others. The NFT drop utilized a Dutch auction format, commencing at a price of 2 ETH ($3,800) per NFT. Additionally, 10,000 Elementals NFTs were airdropped to existing Azuki NFT holders over the weekend, further rewarding their community. Zagabond, the pseudonymous co-founder of Azuki, expressed excitement in an interview with popular crypto media, stating, “Azuki Elementals expands the universe we created with the original Azuki collection. This represents our most ambitious artistic endeavor to date…” Looking ahead, the team plans to unveil the captivating Elementals artwork and initiate secondary trading. Finally, by taking high roads, Azuki continues to captivate the NFT community with its innovative approach and engaging artwork.
 
In order to promote the adoption of Web3, Sony Network Communications and Startale want to create a global infrastructure. Jun Watanabe, President, and Representative Director of Sony Network Communications, has been appointed as a director of Startale Labs. Startale Labs Pte Ltd, a Web3 tech business that builds multichain apps and infrastructure, has received $3.5 million in investment from Sony Network Communications Inc. via a private issue of new shares. Startale Labs and Sony Network Communications will also look at prospects for extensive commercial partnerships with the common objective of creating a worldwide infrastructure to promote the mainstream adoption of Web3. Earlier this year, Sony Network Communications successfully co-hosted a Web3 Incubation Program with Startale Labs and Astar Network. They united their resources and knowledge to support Web3 initiatives that highlighted the practical applications of NFTs and DAOs. The funds will be used by Startale Labs to increase recruiting efforts and go on with the development of Web3 services and solutions. Startale Labs, a key member of the Astar Network core team, has tons of experience in blockchain technology and is a major player in the Japanese Web3 market. The go-to-market infrastructure for developers in Japan is Astar Network, which is the country’s top public blockchain. It has cutting-edge open-source financing methods and multichain smart contracts that enable an interconnected Web 3. Startale Labs allows individuals and companies to use blockchain in Japan, driven by the vision to establish “Web3 for Billions.” The infrastructure and tools necessary for businesses to interact with their present tech stack with the Web3 ecosystem are currently lacking. Even if there are specialized players in a number of industries, including wallets, indexers, and node providers, all-in-one solutions are still required. Connecting real-world assets to the Web3 ecosystem is still difficult. Startale Labs and Sony Network Communications will work together to resolve these problems. Jun Watanabe, president, chief executive officer, and representative director of Sony Network Communications, has been appointed as a director of Startale Labs as part of the agreement. With a strong dedication to “Supporting human change and infrastructure” within the Internet telecommunications industry, Sony Network Communications is famous for offering cutting-edge infrastructure, such as the fiber-optic internet service NURO Hikari. The firm, which is a part of the Sony Group, has also built up top-notch services and amassed a variety of well-known IP.
 
Sui Foundation denies involvement in the sale of SUI staking rewards on Binance. The foundation confirmed that insider token allocations comply with lock-ups and transfer restrictions. In a statement on Tuesday, the Sui Foundation, the organization spearheading the development of the Sui crypto network, clarified that it had not carried out any sales of staking rewards on the Binance cryptocurrency exchange. Sui Foundation stated: As a decentralized proof-of-stake blockchain, Sui enables users to stake their Sui tokens and actively participate in the proof-of-stake mechanism, earning more SUI tokens as a result. Notably, there are no requirements for a minimum staking period. In addition, the foundation made it clear that all insider token allocations strictly adhere to and comply with lock-up periods and any other transfer restrictions imposed by regulatory requirements. In response to claims made by a pseudonymous crypto commentator on June 27 via a Twitter thread, the Sui Foundation issued a denial, refuting the allegations of “dumping rewards” from staked SUI tokens that were locked and not in circulation on the Binance platform. Highlighted Crypto News Today Sui (SUI) Price Prediction 2023
 
It allows users to add Web3 capabilities that can easily added to any website. Crossmint mentioned that the first 10,000 wallets are free. Crossmint, a tool for NFT creators to accept credit card payments, has announced the launch of a new wallet-as-a-service product. It is an invisible wallet that will focus on NFTs. Moreover, with Crossmint’s latest offering, the future of NFT transactions is about to become more seamless and secure than ever before. Rodri Fernandez Touza, the co-founder of Crossmint, stated In building millions of wallets for Fortune 500 corporations and other large businesses, Crossmint put them through extensive scale-up testing. It allows users to add Web3 capabilities that can easily added to any website or service without user interaction using an API. A Game-Changing User Experience by Crossmint Users can Abstract away crypto completely. There are no tax approval prompts or passphrases, sponsor gas, or full asset recoverability. Moreover, developers can continue using their authentication or use its turnkey integrations with the leading authentication products. According to the report, if a transaction fails, it will automatically retry it. If a user forgets their login information, it will automatically recover NFTs. Moreover, It will create fully interoperable experiences for users. And also, users can connect their wallets to any third-party site. It offers best-in-class security built for enterprises and is internationally compatible. Fireblocks use the same MPC technology to store billions of dollars for financial institutions, and power key management. Moreover, the report also mentioned that the first 10,000 wallets are free.
 
ERC-20 tokens provide a standardized framework for creating and implementing smart contracts on Ethereum. ERC-20 tokens inherit the security features of the Ethereum blockchain, ensuring immutability. ERC20 tokens are a standardized framework for creating and implementing smart contracts on the Ethereum blockchain. These tokens, exclusive to Ethereum, embody a set of guidelines that cryptocurrencies can adhere to, facilitating seamless interaction within the Ethereum ecosystem. The principal objective of ERC20 tokens revolves around their compatibility with smart contracts, establishing a universal set of regulations that govern all tokens operating on the Ethereum blockchain. While Ether (ETH) functions as the native cryptocurrency of the Ethereum network, ERC20 tokens embody a different standard—defining a rulebook—enabling developers to fashion tokens based on Ethereum. Consequently, they assume the role of the quintessential benchmark for the entire Ethereum network. Moreover, ERC20 tokens provide a consistent set of rules for developers and foster interoperability among various tokens and applications built on the Ethereum platform. By adhering to these shared standards, ERC20 tokens streamline integrating and exchanging different tokens, enabling a more interconnected and efficient ecosystem. ERC-20 Standard Features and Functions The ERC-20 standard serves as a guideline for creating smart contracts that enable the implementation of tokens on the Ethereum blockchain. It outlines a set of mandatory and optional functions that should be incorporated into an ERC-20 token smart contract. The standard specifies six essential functions that must be included. Firstly, the “total supply” function returns the total number of existing tokens. Secondly, the “balance” function allows users to check the token balance in a specific account. Thirdly, the “transfer” function facilitates the transfer of tokens from one account to another. Additionally, the “allowance” function enables users to query the number of tokens approved for spending by another account. The “approve” function permits an account owner to authorize another account to spend tokens on their behalf. Lastly, the “transfer From” function allows the approved account to transfer tokens on behalf of the token owner. Developers are not limited to only these required features when making tokens; they may include any optional features. ERC-20 tokens offer a consistent set of rules that foster interoperability and streamline integration among various tokens and applications on Ethereum. Developers can customize their tokens using optional functions such as “name,” “symbol,” and “decimals.” By adhering to the ERC-20 standard and incorporating these core functions, developers ensure compatibility with Ethereum-based applications, wallets, and exchanges. This promotes a vibrant token ecosystem on the Ethereum blockchain. Benefits and Advantages of ERC-20 Tokens Interoperability and Compatibility: ERC-20 tokens adhere to a common standard, making them compatible and easily tradable on Ethereum-based decentralized exchanges (DEXs) like Uniswap and Sushiswap. This interoperability enhances their versatility and usability. Security and immutability: As ERC-20 tokens are built on the Ethereum Blockchain, they benefit from the same immutability, transparency, and decentralization the blockchain provides. They are very difficult to hack or manipulate because of their solid security. Customizability and Tailored Tokens: Developers can create ERC-20 tokens tailored to their needs, defining parameters such as total supply, decimal places, and additional functionality. This flexibility allows for token customization to suit various use cases. Transparency and Verifiability: All ERC-20 token transactions are recorded on the Ethereum Blockchain, providing a transparent transaction history. This transparency enables easy verification of token movements, ensuring authenticity and accountability. Liquidity and Trading Potential: ERC-20 tokens possess high liquidity due to their listing on numerous cryptocurrency exchanges. This liquidity makes them attractive to investors and traders seeking to leverage the cryptocurrency market’s volatility. Accessibility and User-Friendly Tools: ERC-20 tokens can be easily created and managed using tools and platforms such as MyEtherWallet, MetaMask, and Remix. This accessibility encourages developer innovation and facilitates user engagement. Limitations and Concerns of ERC-20 Tokens Lack of Flexibility: While the ERC-20 standard provides stability and ease of use, it limits the functionality and complexity of token designs. Advanced use cases requiring more complex smart contract conditions or automated processes may require alternative token standards. Security Vulnerabilities: ERC-20 tokens inherit the security vulnerabilities of the Ethereum network, including potential hacking, smart contract bugs, and network congestion risks. Mitigation measures such as audits and security protocols are essential, but cannot eliminate all potential risks. Gas Fees and Expenses: Each transaction involving ERC-20 tokens on the Ethereum network incurs gas fees. The fluctuating cost of gas and potential high fees can pose challenges in accurately predicting transaction costs, potentially limiting participation for smaller investors. Exchange Support and Liquidity: While ERC-20 tokens widely accepted, not all cryptocurrency exchanges support them. This limitation can affect token liquidity and hinder trading opportunities. Thorough research is necessary to ensure compatibility with desired exchanges. Governance and Transparency Concerns: Poor governance and transparency within ERC-20 token projects can lead to issues such as token dumping, insider trading, and conflicts of interest. Transparent practices and robust governance frameworks are crucial to maintaining investor trust. Conclusion ERC-20 tokens form the fundamental building blocks of Ethereum’s token economy, offering a standardized framework to develop digital assets. These tokens possess valuable characteristics contributing to their wide-ranging applications within the blockchain ecosystem, including interoperability, security, customizability, and liquidity. One of the key advantages of ERC-20 tokens is their interoperability, enabling seamless integration with various decentralized applications (DApps) and exchanges. This compatibility fosters a vibrant token economy by facilitating the efficient transfer and exchange of tokens across different platforms. However, certain considerations must addressed to ensure optimal utilization of ERC-20 tokens. Flexibility is a crucial aspect, as developers must carefully design token contracts to meet the specific requirements of their projects. Additionally, security vulnerabilities must carefully mitigated to protect token holders from potential exploits or attacks. Gas fees, which associated with Ethereum transactions, can pose a challenge for users, particularly during periods of network congestion. High fees may limit the accessibility and affordability of token transactions, prompting the need for scalability solutions and layer-two protocols. Another critical factor for ERC-20 tokens is exchange support. Widespread availability on reputable exchanges enhances liquidity and market access, enabling efficient trading and price discovery. Token governance also plays a role, with well-defined mechanisms ensuring transparent decision-making and enabling token holders to participate in project governance. As the blockchain industry evolves, ERC-20 tokens continue to drive innovation, attract investment, and fuel the expansion of decentralized finance (DeFi) applications. Their versatile nature and established ecosystem make them a significant force in shaping the future of blockchain technology.
 
MetaBET’s partnership with Crolon Mars propels their platform’s upgrade. User engagement soars as MetaBET’s staking goes live on MarsSwap. In a dynamic development, MetaBET, a leading figure in the crypto market, announced a significant upgrade on its platform. This change comes courtesy of their strategic partnership with Crolon Mars, the revered name in blockchain technology and smart contract development. Consequently, the newly deployed single-staking contract is expected to draw substantial attention from the community. A Leap of Innovation with Crolon Mars The collaboration with Crolon Mars, a trailblazer in smart contract solutions, marked an unprecedented step for MetaBET. Significantly, the partnership enabled the development of the single staking contract, now live and accessible to users worldwide. The Etherscan link here provides an in-depth view of the newly launched contract, detailing its functionalities and purpose. Similarly, MetaBET is no stranger to innovation and technological advancements. It consistently strives to deliver unique offerings to its user base. However, this partnership with Crolon Mars takes them a step ahead in their journey, reinforcing their commitment to providing top-tier services in the crypto realm. User Engagement and Exciting Announcements on the Horizon The news of the live contract has generated a buzz across the community. Moreover, to engage users and provide detailed insights into this new development, MetaBET announced an interactive voice chat session in the Telegram group of MarsSwap Launchpad. According to reports, this session offers a rare chance for users to have their queries addressed by the team in real time. Additionally, the team promises a further announcement related to MetaBET, which has sparked user anticipation. MarsSwap, another influential name in the DeFi platform, also confirmed the news about MetaBET’s staking going live on their platform, underlining the growing strategic alliance among these key players. With these continued advancements, MetaBET cements its position in the crypto sphere, continually enhancing user experiences and meeting investor expectations. Users are looking forward to more such integrations, and MetaBET seems all set to exceed their expectations. In conclusion, the single staking contract launch signifies MetaBET’s vision to provide seamless and comprehensive crypto services. Hence, the crypto market has exciting times ahead, with MetaBET leading the charge. Highlighted Crypto News Today: ‌Shiba Inu Joins Hong Kong’s Virtual Asset Index: A Memecoin Milestone Unleashed
 
Fidelity’s Bitcoin ETF filing could revolutionize digital asset investing. Apple’s stance on decentralized platforms threatens DamusApp’s future in App Store. In a significant move, Fidelity, the American multinational financial services corporation, is reportedly making strides towards submitting a spot Bitcoin Exchange Traded Fund (ETF) filing. This step demonstrates a potentially transformative moment in the global crypto market’s evolution. Additionally, financial analysts argue that launching a spot Bitcoin ETF could revolutionize the landscape of digital asset investing. However, the financial juggernaut faces a formidable challenge in the form of rigorous regulatory scrutiny. Hence, the company must tread carefully in its upcoming submission. Embracing Change, Championing Innovation Besides its efforts in cryptocurrencies, Fidelity has shown its innovative spirit with its ventures into the Metaverse. Last December, the company filed three trademark applications, all linked to Metaverse services. This forward-thinking approach indicates the company’s inclination towards anticipating and capitalizing on emergent trends. Moreover, the impending announcement of Fidelity’s Bitcoin ETF filing has the potential to tip the scales in favor of bullish market sentiment. Consequently, many market watchers anticipate this news to drive the Bitcoin price toward the $31,000 mark, if not higher. In addition, this development follows hot on the heels of Fidelity’s previous endeavors in cryptocurrencies, specifically the introduction of EDX Markets. Further, this venture marked their first exploration into non-custodial crypto exchanges, signifying their commitment to diversifying investment avenues for their clients. Decentralization Challenge: Apple Store May Delist DamusApp’s Social Media Platform On the other hand, DamusApp’s founder recently expressed concern about the future of its decentralized social media platform on Apple’s App Store. As per reports, the crux lies in Apple’s policy and approach towards decentralized platforms, which has led to the prediction of a potential delisting. DamusApp, known for its emphasis on user privacy and free speech, has risen in popularity among decentralization enthusiasts. Nevertheless, its future hangs in the balance, with Apple maintaining strict regulations around its digital storefront. In conclusion, Fidelity’s move towards a Bitcoin ETF represents a significant leap in the mainstream acceptance of cryptocurrency. However, the potential delisting of DamusApp’s platform from Apple’s App Store throws light on the complex dynamics between tech giants and emerging decentralized platforms. These events mark another exciting chapter in the evolving digital currency and decentralization narrative. Highlighted Crypto News Today: Dubai’s Virtual Assets Regulatory Body Grants Bybit MVP License
 
Ethereum remains a leader in altcoins, showcasing resilience and investor trust. Stablecoins USDT and USDC exemplify reliability, earning significant market acceptance. Navigating the volatile realm of cryptocurrencies, Ethereum (ETH) stands out, maintaining its influential role among altcoins. Boasting a substantial market capitalization exceeding $228 billion, Ethereum retains its position as the silver medalist in the crypto race. A stable price of $1,901.09 also signifies this digital currency’s steady acceptance and usage. However, the significant 7-day trading volume of 4,163,849 ETH indicates that the traders are far from losing interest. Stablecoins: A Beacon of Constancy Significantly, stablecoins Tether (USDT) and USD Coin (USDC) continue to hold their ground. With its colossal $83 billion market cap, Tether sits comfortably in the third. Besides maintaining its value at a steady $1.00, Tether also recorded a massive 24-hour trading volume of nearly 24 billion USDT. Consequently, this demonstrates users’ immense trust in this stablecoin. Not to be outdone, the USD Coin (USDC) is also showcasing impressive performance. While mirroring Tether’s stability at $1.00, USDC’s substantial market cap of over $28 billion speaks volumes about its broad acceptance. Moreover, the high 24-hour trading volume of almost 4 billion USDC validates the strong investor sentiment towards this altcoin. BNB and XRP: Noteworthy Players According to Coinmarketcap analysis, BNB, the native cryptocurrency of the Binance Chain, is another titan in the altcoin universe. Priced at $239.41, BNB might not share the stability of its preceding stablecoins, but with a market cap of over $37 billion, it remains a significant player in the crypto market. The 24-hour trading volume of 1,448,605 BNB indicates robust trading activity around this coin. Consequently, we cannot overlook the importance of XRP, currently priced at $0.4815. Despite its lower price, XRP commands a substantial market cap of over $25 billion, indicating the sizable community of investors backing it. CoinShares’ recent report also highlights an extraordinary surge in XRP’s growth. This surge is primarily due to its increased appeal as a crypto investment, attracting a noteworthy $240,000 inflow just last week. As a result, XRP’s year-to-date value now impressively exceeds $6 million. These robust statistics represent a dynamic, expanding investor base, solidifying XRP’s status as a key contender in the cryptocurrency sphere. In conclusion, the altcoin market is constantly evolving with its diverse players. Hence, keeping an eye on these market leaders is paramount for any investor interested in the ever-dynamic world of cryptocurrencies.
 
Altcoins like PEPE and KAS are witnessing significant growth. Bitcoin maintains its dominance despite the altcoins’ surge. Bitcoin Cash’s rally indicates a resurgence in investor confidence. The cryptocurrency market has seen substantial fluctuations in an intriguing turn of events. Significantly, Bitcoin (BTC) has exhibited a modest gain of 1.90%, valued at $30,714.56. Furthermore, its market cap, a whopping $596,283,024,337, reflects Bitcoin’s undying reign in the crypto world. Moreover, trading volumes have touched $16,224,582,599, further solidifying its strong position. Altcoins Race Up the Ranks However, Bitcoin isn’t the only player stealing the show. The lesser-known Pepe (PEPE) has grown 67.36%, currently trading at $0.000001616. Despite its modest valuation, PEPE’s impressive growth and market cap of $633,288,488 showcase the potential of altcoins. Additionally, Shiba Inu (SHIB), another meme-based cryptocurrency, has demonstrated a minor increment of 0.04%. Its current price is $0.000007612, with a market cap of $4,486,121,041. The trading volume, clocking in at $93,463,940, indicates the substantial interest it garners. Consequently, the crypto spotlight isn’t solely on the market giants. Kaspa (KAS), trading at a humble $0.0266, has witnessed a significant gain of 16.63%. With a market cap of $514,241,572 and a trading volume of $14,073,724, this offbeat altcoin is making its presence felt in crypto. Besides these, Bitcoin Cash (BCH) is making headlines with a tremendous rally of 111.83%, trading at $231.79. The market cap of BCH stands at $4,504,368,641, with an incredible trading volume of $1,333,710,337, hinting at a resurgence in investor confidence. In conclusion, the crypto market, dominated by Bitcoin, is now seeing an exciting rise in altcoins. The crypto landscape is diversifying, with altcoins like PEPE, SHIB, and KAS making significant gains. Hence, the future of cryptocurrency is not just about Bitcoin or Ethereum but a broader mix of creative digital assets. Highlighted Crypto News Today: Shiba Inu Joins Hong Kong’s Virtual Asset Index: A Memecoin Milestone Unleashed
 
The purchase of the mining rigs is well ahead of Bitcoin’s next halving cycle. Unfortunately, the equipment isn’t scheduled to arrive until December. One of the prominent Bitcoin mining businesses, Riot Platforms, has spent $162.9M on 33,280 “next-generation” Bitcoin miners for its Texas data center. The purchase of the mining rigs from supplier MicroBT is well ahead of Bitcoin’s next halving cycle, which is expected to occur around the middle of 2024. The new addition will increase the company’s self-mining capacity by 7.6 exahashes per second (EH/s). On June 26th, Riot Platforms CEO Jason Les said that after the machines are implemented in the first quarter of 2024, the company’s self-mining capability would climb to 20.1 EH/s. Les included the gear it constructed for “immersion cooling systems,” like those used at the firm’s Corsicana site. Delivery Scheduled for December The M56S+ machines account for 8,320 of the total, boasting a hash rate of 220 terahashes per second (TH/s), while the M56S++ devices account for the remaining 24,960, boasting a slightly higher rate of 230 TH/s. Unfortunately, the equipment isn’t scheduled to arrive until December, and the entire rollout of the miners isn’t expected to be finished until the middle of 2024. Riot has indicated that it may also acquire 66,560 M56S++ models by December 31, 2024, increasing the company’s self-mining capacity by 15.3 EH/s. The business has the choice to make use of this provision in its whole or in part. On the other hand, Hut 8, a crypto miner, recently announced that it has obtained a $50 million credit facility from Coinbase Credit. In a statement, the North American crypto miner said that it will use the loan proceeds for “general corporate purposes.” As a result, it has more financial flexibility and improved control over its Bitcoin holdings. Highlighted Crypto Trading Today: Fidelity Investments Reportedly Filing for Spot Bitcoin ETF Soon
 
The HKVAC announced that it includes Shiba Inu in the virtual asset list index. It recently added the 30 digital assets listed in HKVAC’s virtual asset index. Shiba Inu, the popular dog-themed memecoin, has unlocked a new milestone in the crypto market. The Hong Kong Virtual Asset Consortium (HKVAC) announced that it includes the SHIB in the virtual asset list index. The announcement has sparked excitement around the SHIB community. The HKVAC has recently launched a rating agency that focuses on evaluating the dependability of crypto assets and cryptocurrency trading platforms. The team from the HKVAC reviewed the crypto asset before the last day of every quarter. The crypto asset has to meet specific criteria set by the HKVAC. They recently announced the 30 digital assets listed in HKVAC’s virtual asset index. Including the popular memecoin Shiba Inu, there are other crypto assets, including WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, and EOS. At the time of writing, the trading price of Shiba Inu is around $0.000007599, with a decline of over 0.28% in the last 24 hours. The trading volume of the SHIB has witnessed a decrease of over 20.94%, according to CoinMarketCap.
 
On June 15, 2023, Blackrock applied for a spot Bitcoin ETF with the SEC. Fidelity has $4.2 trillion in assets under management (AUM). In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by competitors Invesco, WisdomTree, and Bitwise. As a group, these corporations oversee global assets worth trillions of dollars, thus their registrations are anticipated to provide a huge boost to the cryptocurrency market. Massive Boost for Bitcoin As a result, this has the potential to aid Bitcoin in overcoming the industry’s most pressing issue: altering the perspective around cryptocurrencies among established participants in the financial markets. Fidelity Investments was said to be getting ready to submit a spot Bitcoin ETF application earlier. According to reports, the business is all set to submit the application. Moreover, the third biggest asset manager in the world, according to Wu Blockchain, was getting ready to apply for a spot Bitcoin ETF. Fidelity has $4.2 trillion in assets under management (AUM), therefore its submission is a great boost for the sector as a whole. The Bitcoin ETF application would be the asset management firm’s second significant effort to enter the cryptocurrency market, after the joint launch of the non-custodial cryptocurrency exchange EDX Markets. The company’s leaders had been eyeing the cryptocurrency industry for some time, and they were already taking action on many fronts to take advantage of it. The company submitted three trademark applications in December 2022, all related to the Metaverse. Moreover, if the Bitcoin ETF filing goes thru, the price of Bitcoin may see a pleasant boost, perhaps reaching $31,000 and beyond. Highlighted Crypto News Today: HSBC Now Allows Buying and Selling Bitcoin ETFs in Hong Kong
 
Bybit CEO stated that the exchange is actively pursuing a full market product license. The firm was granted preliminary permission from VARA in April 2022. Dubai’s Virtual Assets Regulatory Authority (VARA) issued Bybit FinTech FZE, a subsidiary of the crypto exchange Bybit, a Minimum Viable Product (MVP) preparatory license on June 27. To serve a wider range of consumers in the United Arab Emirates, Bybit CEO Ben Zhou stated that the exchange is actively pursuing a full-market product license in Dubai. Zhou stated: Eyeing Full Market Product License Bybit wants to operate a full-stack digital asset exchange, delivering all services available within that license, according to the company’s chief executive after they get their Dubai license. Moreover, these services include investment advice, broker-dealer services, custody and exchange services, lending and borrowing services, payment and remittance services, and more, as reported by the VARA. Zhou went on to say that the United Arab Emirates and Dubai have been working hard to give regulatory clarity while lobbying for investor protection. The recent development occurs shortly after the business established its new headquarters in Dubai in April 2023. The firm was granted preliminary permission from VARA in April 2022. Moreover, the announcement follows a period of intense growth for Bybit with authorities throughout the world. Bybit announced on June 26 that it has been granted permission to function as a cryptocurrency exchange and custody business in Cyprus. Also, Bybit was granted preliminary clearance in May by the Astana International Financial Centre in Kazakhstan to function as a crypto trading facility and custody services provider. Highlighted Crypto News Today: Fidelity Investments Reportedly Filing for Spot Bitcoin ETF Soon
 
Layoffs are being implemented to combat declining client engagement. In August 2022, the company trimmed its workforce by 23%. On June 26th, Robinhood Markets announced that they will be laying off around 7% of its full-time staff. This equates to around 150 people. This change is being implemented as the company attempts to combat declining client engagement. The organization stated: This is not the first time Robinhood has reduced its workforce; in August 2022, the company trimmed its workforce by 23%, which comes to a total of 1,000 workers. Declining Trade Volume During the epidemic and lockdowns, the company saw a huge uptick in popularity among its younger clientele, who came in droves to trade meme stocks and cryptocurrency. In its strongest quarter, Q1 2021, it had more than 21M active users every month. By May of 2023, however, that number had dropped to around 11 million MAU. Additionally, transaction fee income was down 5% year-over-year in Q1 2023 and was just 50% of what it had been in Q1 2021. The most recent round of layoffs hit personnel in the areas of customer experience, platform-shared services, trust and safety, and productivity. Less than a week after agreeing to purchase credit-card firm X1 in a cash transaction for $95 million, Robinhood has begun laying off employees. As a result of the regulatory assault on the sector this month, the company delisted some digital assets and is now looking to diversify its revenue streams. The delisted assets were Cardano, Solana, and Polygon. Highlighted Crypto News Today: Hong Kong Rating Agency HKVAC Publishes Virtual Asset Index
 
The credit facility includes a $15 million term loan upon closing. After 364 days from the date of the first borrowing, the Credit Facility will expire. Crypto miner Hut 8 said it has secured a $50 million credit facility with Coinbase Credit. The North American crypto miner said in a statement that it plans to utilize the loan funds for “general corporate purposes.” Thus, giving it more leeway financially and allowing it to better manage its Bitcoin holdings. The credit facility includes a $15 million term loan upon closing. With an additional $20 million available in a second borrowing one to two months after the deal closes on a delayed-draw term loan tranche. Additional Financial Flexibility An additional $15 million delayed-draw term loan tranche will be borrowed in a third round of financing within 15 business days after the conclusion of the previously announced merger between Hut 8 and U.S. Data Mining Group to form a new company based in the United States, dubbed “New Hut.” The firm has said that the combined organization would have access to about 825 MW of gross energy across all six locations. This would be for self-mining, hosting, and managed infrastructure operations when the merger is finalized. Jaime Leverton, CEO of Hut 8, said: In spite of a 13% drop in revenue. The Canadian company Hut 8 reported a 65% growth in its Bitcoin holdings for the year and quarter ending December 31st, 2022. After 364 days from the date of the first borrowing, the Credit Facility will expire. The Company guarantees the Borrower’s payment of any amounts due under the Credit Facility. Which are secured by the Borrower’s interest in a few Bitcoin held by Coinbase Custody Trust Company, LLC. Highlighted Crypto News Today: Robinhood Lays Off 7% Personnel Amid Low Trading Volumes
 
Baby Doge Coin unveiled an exciting integration with WalletConnect. Users can buy the BabyDoge with their own fiat currency on BabyDogeSwap. Baby Doge Coin, the popular dog-themed memecoin, has recently made a groundbreaking announcement that will fuel its development and expand its potential within the crypto market. The memecoin unveiled an exciting integration with WalletConnect, an open protocol connecting wallets to Dapps. BabyDoge introduced the BabyDogeSwap through the integration of WalletConnect. It allows users to connect their wallets. Moreover, users can swap any token on the Binance Smart Chain by connecting their wallets. Users can create a liquidity farm with their own tokens. No coding is required to create a liquidity farm. Moreover, the burn portal option allows users to burn the BabyDoge for lower fees. Users can buy the BabyDoge with their own fiat currency on BabyDogeSwap.
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