DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 3020

Memecoins Plunge – Investors Pivot To Utility Tokens Polygon (MATIC) Binance (BNB) and Revenue Sharing Casino RollBlock (RLBK)

0

The recent crypto crash saw meme coins plummet as coins with more obvious utility bounced back with strength, including Polygon (MATIC) and Binance Coin (BNB). Rollblock ($RBLK) defied the wider market dump by making new highs over the weekend, as experts call for gains of up to 200x in 2024. Let’s find out why.

Polygon (MATIC) Price Struggles Despite Adoption

Polygon (MATIC) fell to $0.38 during the recent market dip and holders find themselves down a whopping 45% over the last 3 months. There are, however, signs that Polygon is becoming more widely adopted as over 1.8 million new polygon addresses were created on-chain recently. 

The 100-day moving average currently lies in wait overhead at $0.44, which is bound to be a source of resistance as Polygon climbs back up through previous ranges. Polygon holders will be hoping that support at $0.35 holds and that a base can be built here to launch Polygon back to the range highs above $0.46.

Binance Coin ($BNB) optimism returns after SEC backs down

Binance Coin (BNB) has recently received word from the SEC that it will no longer face allegations that third-party coins on the Binance platform were being sold illegally as unregistered securities. This is hugely bullish for Binance Coin, and for all coins in the larger Binance ecosystem. According to experts, it could send Binance Coin’s price soaring during the next bull market. 

Binance Coin’s recent token burn saw over $978 million worth of Binance coin burned from supply, which will also lead to a bullish rally in weeks to come. Binance coin is down 19% on the weekly time frame, but a strong bounce from the intraday lows of $400 would indicate that more upside is to follow.

Rollblock ($RBLK) Crypto Casino Has An Ace Up Its Sleeve In Innovative Revenue Share

Rollblock ($RBLK) is on a mission to disrupt the $450 billion online gambling industry. By leveraging the latest in web3 technology, bets cannot be tampered with after they are placed. Furthermore, sign up is KYC free and anonymous. Players can simply connect a crypto wallet and deposit one of over 20 accepted cryptocurrencies to get started.

The platform showcases over 150 different games which are powered by AI and offer provably better odds than competitors. Payouts are made using the native token RBLK, which is set to see supply decrease thanks to an innovative buyback and burn scheme. 

Each week the casino will use up to 30% of its operating profits to buy RBLK on the open market, sending half of these coins to stakers and burning the remaining coins. As demand goes parabolic this year, supply will dwindle on exchanges, a recipe for incredibly bullish price action.

Experts are calling for explosive 100x gains in 2024, and stage 5 coins are already selling out fast at the $0.020 price point!

 

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

Dangote Deserves Support and Praise for His Services to Nigeria, Africa

1

At this hour, Aliko Dangote is an Ovim (Abia State) son. In my village, there are many young people who go by the nickname “Dangote”. So, my support for him is simply based on my admiration of what he has done for Nigeria. In the Igbo Nation, you do not throw a baby with the dirty bathwater; if you have any issues with him, as many posit with the “monopoly” tag, these are things which could be resolved.

But we cannot wish for his businesses to go down. If he fixes about $10 billion he contributed for the refinery in certificate of deposit in America, he will get $500 million yearly as interest at largely no risk! But he does not do that, preferring to create companies and provide jobs. Others like him prefer Swiss banks, and never have a pin invested in Nigeria, but only to harass us.

We tend to ignore the power of having a job. One of Nigeria’s major problems is that the way we earn foreign earnings does not create a lot of jobs. Yes, you pump crude oil with say 10,000 well paid workers and you earn $100 million at the end of the year; GDP $50 million. But another country uses 200,000 people, on textile and agriculture, and earns $10m at the end of the year but with a GDP of $200m. In basic economics, that second country has a better position to advance the wealth of all people because the economic activity is huge.

So, when we see job creators, we need to support them. The Fitch Ratings’ note is a huge message not only to Dangote but to Nigeria: “According to  Fitch Ratings, Dangote Group plans to divest 12.75% stake in Dangote Petroleum Refinery over liquidity concerns. In a statement on Monday, Fitch said Dangote Group plans to use the proceeds from the stake sold to service a sizable syndicated loan that matures on August 31, 2024.” 

That time is about three weeks from today. I am confident that he will be fine. And he deserves our best wishes. If he thrives, most of us here will benefit. At least even if that helps the Naira. In the Igbo Nation, when the yam is well cooked, the ants benefit because pieces of the yam will scatter as it is being eaten. If Dangote Refinery works, everyone will benefit. I recommend him for maximum support!

Starknet and The Sandbox Declined Sharply; Is Rebound Close? DTX Exchange Defies Broader Bearish Sentiment

0

It has been a tumultuous week, not only for crypto but the wider financial landscape. Geopolitical tensions and recession fears are at the heart of the huge market selloff, turning sentiment from promising to gloom. Starknet (STRK) and The Sandbox (SAND) were among the tokens hit the hardest, but a comeback is nonetheless on the cards.

Meanwhile, presale tokens like DTX Exchange (DTX) defy broader bearish sentiment. Its bullish trend continues, raking over $1.2 million in round two of the ICO. Part of the factors driving demand are the imminent adoption of its hybrid model in the trading world and its significant growth prospects.

DTX Exchange (DTX): Defying Wider Bearish Trends

DTX Exchange (DTX), a novel altcoin that combines the best elements of centralized and decentralized trading platforms, continues to soar in presale. In stark contrast to bearish trends in the wider crypto market, it sells out fast, hinting at explosive growth after its debut.

By utilizing the power of blockchain technology and integrating key features of DEX and CEX like global accessibility, financial inclusion and security, it aims to transform the $10 billion global trading market. Its hybrid trading protocol will open up a world of opportunity, allowing seamless trading of thousands of assets across crypto, stocks and bonds.

The presale is currently in round 2 and a token costs just $0.04. Meanwhile, with unmatched optimism, analysts predict a substantial 50x rally after its launch and listing on Tier-1 exchanges. This makes it a more compelling altcoin than established ones like Starknet and The Sandbox.

Starknet (STRK): Anticipating a Bounce Toward $0.5

Starknet (STRK) is a ZK-Rollup that operates as a Layer-2 network on Ethereum. It enables decentralized applications (dApps) to achieve unlimited scale for their computation without compromising security. Following its market debut in the year’s first quarter, it has cemented its status as a top altcoin, with the Starknet airdrop among the biggest in 2024.

However, there has been a steep decline since its launch, shedding over 80% gains from its all-time high of $3.66 in February. The recent bloodbath further pushed Starknet crypto into bearish zones, sparking concerns among holders and the wider crypto community.

Nevertheless, a comeback is on the cards—already unfolding. The bulls have been forcing a rally, with recovery underway. A jump past $0.5 is anticipated before the month’s end, placing it on the list of altcoins to watch out for. Savvy investors are ahead of the curve by grabbing big bags and one of their preferred storage destinations is the Starknet wallet.

The Sandbox (SAND): Comeback Unfolds

The Sandbox (SAND) was one of the many tokens that declined sharply after the recent market’s bloodbath. Besides its use-case as a store of value, it plays a key role in GameFi, aiming to introduce blockchain technology in mainstream gaming. The Sandbox Game is a virtual world that allows users to create, build and trade digital assets as a game.

However, it tumbled as the crypto market nosedived, falling below $0.3. This price level was last seen in 2021 before its all-time high of $8.44 in November. Unsurprisingly, concerns have been flying within the community, with many already cutting their losses and continuing their search for more promising altcoins.

Nevertheless, a bounce seems to be underway as interest picks up and The Sandbox token registers slight gains. Analysts believe this might be the start of a big leap, with the anticipated token unlock on August 14 (181.4 million SAND) set to push volatility up a notch.

Conclusion

The recent market correction pushed Starknet and The Sandbox further into bearish zones. Meanwhile, DTX Exchange trades on the upside amid massive interest and demand, propelling the presale past $1.2 million in raised funds. With adoption imminent, given its novelty as a hybrid protocol, it is undoubtedly a new DeFi project not to miss out on.

Visit the official DTX Exchange (DTX) website for the latest updates and information.

Meta Unveils Llama 3.1 Impact Grants to Empower AI-Driven Organizations Across Africa, Others, With $2 Million

0

Meta has announced the launch of the Llama 3.1 impact Grants, to empower AI-Driven organizations across Africa, the Middle East, and Turkey.

The tech giant is continuing its commitment to supporting innovative use cases of open-source AI to address critical global challenges. Building on the success of previous grant programs, the Llama 3.1 Impact Grants will provide up to $2 million USD in funding to organisations worldwide.

The Llama 3.1 Impact Grants program invites proposals from organisations with ideas for using Llama 3.1 to address social challenges in their communities. Applications in areas such as economic development, science and innovation, public service and more will be given special consideration. Selected recipients will receive up to $500,000 USD and winners will be announced early next year.

Speaking about the grant, Kojo Boakye, Meta Vice President, Public Policy, Africa, the Middle East, and Turkiye, Kojo Boakye said,

“We’re inspired by the diverse projects we’ve seen developers undertake around the world to positively impact their communities by building with Llama. We believe AI has more potential than any other modern technology to increase human productivity, creativity, and quality of life and to accelerate economic growth while unlocking progress in medical and scientific research. The Llama 3.1 Impact Grants program presents an opportunity to further empower organizations to leverage AI for social good and to drive meaningful change.”

To support prospective applicants, Meta will host a series of regional events, including virtual events, in-person hackathons, workshops, and training sessions in Egypt, Hong Kong, India, Indonesia, Japan, the Kingdom of Saudi Arabia, Korea, Latin America, North America, Pakistan, Singapore, Sub-Saharan Africa, Taiwan, Thailand, Turkey, the United Arab Emirates and Vietnam.

These events will provide technical guidance and mentorship, fostering the development of impactful applications of Llama 3.1 in local contexts. Organisations participating in these events will be eligible for additional specialised awards of up to $100,000 USD.

The inaugural Llama Impact Grants, announced in October 2023, received over 800 applications from 90+ countries. The 20 finalists have submitted their final proposals, and the grant recipients will be announced in September, alongside the recipients of the Llama Impact Innovation Awards.

All proposals will be evaluated using the selection criteria which are as follows;

  • Must not be an individual, a sole proprietor, or sole-owner entity in the jurisdiction where it is formed; 
  • Be an entity that is duly formed prior to August 5, 2023, and in good standing under the laws of the jurisdiction in which the Organization was formed; 
  • Have the legal right to participate in this Award Program and its participation will not violate any agreement or obligation between the organization and any third-party; 
  • Must appoint and authorize one individual (the “Applicant”) to represent, act, and submit a Proposal on behalf of the Organization; 
  • The Applicant must be an employee of or affiliated with the organization and must be at least eighteen (18) years of age and the age of majority in the Applicant’s jurisdiction of residence. 

According to Meta, the application window for the Llama 3.1 Impact Grants is open from Monday, August 5, 2024, to Friday, November 22, 2024. Interested organizations are advised to apply here. Meta encourages eligible organizations to submit their proposals and take advantage of this opportunity to drive social impact through AI. 

US Judge Rules Google “A Monopolist” – Potentially Breaking Its Dominance, with Wider Impact on Apple and Mozilla  

0

In a groundbreaking decision that could dramatically alter the digital landscape, U.S. District Judge Amit Mehta declared that Google had violated U.S. antitrust laws with its search business. This pivotal ruling marks a substantial challenge to Google’s market dominance and opens the door to significant changes in how internet users access information.

“After having carefully considered and weighed the witness testimony and evidence, the court reaches the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly,” Judge Mehta stated. “It has violated Section 2 of the Sherman Act.”

The ruling’s implications are profound, not only for Google but also for its partners who benefit from the tech giant’s market position. Speculation quickly arose regarding the impact on Apple, which reportedly receives up to $20 billion annually from Google to prioritize its search engine on iPhones through the Apple Safari web browser.

While Apple might feel the pinch, the company’s vast and diversified revenue streams provide some cushion against the financial blow.

However, the scenario is starkly different for Mozilla, the non-profit organization behind the Firefox web browser. Mozilla relies heavily on its search deal with Google, which directs user queries to Google’s search engine. According to Mozilla’s latest financial statement, Google’s payments constituted a staggering $510 million out of the foundation’s $593 million revenue. The potential loss of this revenue poses an existential threat to Mozilla.

In response to the ruling, Mozilla struck a resolute tone.

“Mozilla has always championed competition and choice online, particularly in search,” a spokesperson told Fortune. “We’re closely reviewing the court’s decision, considering its potential impact on Mozilla and how we can positively influence the next steps…Firefox continues to offer a range of search options, and we remain committed to serving our users’ preferences while fostering a competitive market.”

Mozilla’s predicament underscores the broader consequences of the ruling. Originally rising to prominence in the late 1990s as a community-driven project to challenge Microsoft’s Internet Explorer, Mozilla now struggles to stay relevant in a market dominated by Big Tech. The organization has already faced significant challenges this year, including layoffs of about 60 staffers and the resignation of its CEO.

Critics of the judge’s ruling are likely to highlight Mozilla’s potential downfall as an unintended consequence of the antitrust decision, arguing that it could harm smaller tech players more than the giants it aims to regulate. Some might contend that Mozilla has not sufficiently leveraged its financial support from Google to innovate and differentiate its Firefox browser and could potentially seek alternative partnerships, such as with Microsoft’s Bing.

The ruling’s immediate future involves Google’s expected appeal, indicating a protracted legal battle. Moreover, the judge’s upcoming decision on the remedies to impose on Google will be crucial. These remedies could range from forbidding Google’s payments to partners altogether, capping the fees for distribution agreements, pushing for the implementation of a “choice screen” on devices, or other measures.

According to Evercore ISI research analyst Mark Mahoney, it could take another six months to a year, or even longer if the judge decides to stay the remedies phase pending Google’s appeal, before the exact penalties are determined.

“This victory against Google is a historic win for the American people,” Attorney General Merrick Garland said, emphasizing the ruling’s significance. “No company — no matter how large or influential — is above the law.”

White House Press Secretary Karine Jean-Pierre echoed this sentiment, stating, “As President Biden and Vice President Harris have long said, Americans deserve an internet that is free, fair, and open for competition.”

The decision also touches on broader antitrust efforts targeting Big Tech, with potential implications for other giants like Apple and Amazon, both of whom are embroiled in their own antitrust battles. Additionally, the ruling could influence the Justice Department’s case against Live Nation, given the centrality of exclusivity deals in that lawsuit.

Moreover, the ruling raises critical considerations regarding the future of artificial intelligence (AI). Critics argue that Google’s search monopoly, driven by its exclusive agreements, provides it with an unparalleled data advantage, which is crucial for developing superior AI models. Microsoft CEO Satya Nadella highlighted this concern during the trial, suggesting that Google’s dominance in search could translate into a formidable lead in AI, potentially stifling innovation from other tech firms.

However, the ruling against Google is more than a legal rebuke; it signals a potential seismic shift in the tech industry, challenging the established order and aiming to foster a more competitive digital marketplace.