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SEC Acknowledges BlackRock’s Spot Bitcoin ETF Application, Cardano’s DeFi Ecosystem Now Among Top Protocol

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The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the receipt of BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF) on July 14, 2023. This marks the first time that the SEC has accepted a filing for a spot Bitcoin ETF, which would track the price of the underlying asset rather than futures contracts or other derivatives.

BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, submitted its application for the BlackRock Bitcoin Trust on June 30, 2023. The trust would hold Bitcoin and value its shares based on the CME CF Bitcoin Reference Rate, a daily benchmark price for Bitcoin in U.S. dollars. The trust would also use Coinbase Custody Trust Company as its custodian for the Bitcoin held by the trust.

The SEC has 45 days from the date of publication of the notice to approve, reject, or extend the review period of the application. The SEC can extend the review period for up to 240 days before making a final decision. The notice states that the SEC is seeking public comments on various aspects of the application, such as the suitability of Bitcoin as an underlying asset, the valuation and liquidity of Bitcoin, the potential for market manipulation and fraud, and the cybersecurity and operational risks involved in holding and transferring Bitcoin.

The approval of a spot Bitcoin ETF would be a major milestone for the cryptocurrency industry, as it would provide retail investors with a more accessible and regulated way to gain exposure to Bitcoin. It would also likely boost the demand and price of Bitcoin, as well as its adoption by institutional investors. Several other firms, such as Fidelity, VanEck, and WisdomTree, have also filed applications for spot Bitcoin ETFs with the SEC, but none have been acknowledged so far.

BlackRock has been showing interest in Bitcoin and cryptocurrencies for a while. In January 2023, BlackRock added Bitcoin futures as an eligible investment for two of its funds. In March 2023, BlackRock’s CEO Larry Fink said that he was “fascinated” by Bitcoin and that it could become a “great asset class”. In June 2023, BlackRock’s CIO of Global Fixed Income Rick Rieder said that Bitcoin could “take the place of gold to a large extent”.

Cardano’s DeFi Ecosystem now stands tall among Top Protocols

Cardano is one of the most innovative and ambitious blockchain projects in the industry. It aims to create a decentralized platform that can run smart contracts, decentralized applications, and support a flourishing DeFi ecosystem. Cardano has seen a surge in adoption and activity in recent months, as evidenced by its impressive metrics and milestones.

DeFi, or decentralized finance, is a term that refers to the use of blockchain technology and smart contracts to create financial services that are transparent, permissionless, and trustless. DeFi allows users to access lending, borrowing, trading, investing, and other services without intermediaries or centralized authorities. DeFi has been one of the most explosive trends in the crypto space, with the total value locked (TVL) in DeFi protocols surpassing $100 billion in 2023.

Cardano has been making significant strides in its DeFi development, especially after the launch of its smart contract functionality in September 2021. The Alonzo hard fork enabled Cardano to support a variety of DeFi applications, such as decentralized exchanges (DEXs), lending platforms, stablecoins, NFT marketplaces, and more. Since then, Cardano has seen a surge in activity and adoption in its DeFi ecosystem, as evidenced by the following metrics:

One of the main drivers of Cardano’s success is its DeFi ecosystem, which offers a range of services and applications for users and developers. From lending and borrowing, to stablecoins and decentralized exchanges, Cardano’s DeFi ecosystem provides a secure, interoperable and user-friendly environment for building and accessing decentralized financial products.

Some of the notable achievements of Cardano’s DeFi ecosystem include:

Launching the first decentralized exchange (DEX) on Cardano, called SundaeSwap, which allows users to swap tokens, provide liquidity and earn rewards. SundaeSwap leverages Cardano’s native token functionality and smart contract capabilities to offer a fast, cheap and secure DEX experience.

Introducing the first algorithmic stablecoin on Cardano, called Djed, which maintains a 1:1 peg to the US dollar by adjusting its supply according to market demand. Djed is backed by a basket of collateral assets, such as ADA and other tokens, and uses a governance token called DUSD to enable community participation and risk management.

Creating the first lending and borrowing protocol on Cardano, called Liquid Finance, which enables users to deposit their assets and earn interest, or borrow assets and pay interest. Liquid Finance uses a native token called LQ to distribute rewards and fees to liquidity providers and borrowers, as well as to govern the protocol parameters.

Developing the first non-fungible token (NFT) marketplace on Cardano, called CNFT.io, which allows users to create, buy and sell unique digital collectibles. CNFT.io supports various types of NFTs, such as art, music, gaming and sports, and leverages Cardano’s low fees and high scalability to offer a seamless NFT experience.

These are just some of the examples of how Cardano’s DeFi ecosystem is pushing the boundaries of innovation and adoption in the crypto space. With more projects and partnerships in the pipeline, Cardano’s DeFi ecosystem is poised to grow even further and challenge the dominance of other platforms.

Cardano’s DeFi ecosystem is not only impressive in terms of its features and functionality, but also in terms of its performance and potential. According to data from DeFi Llama, a website that tracks DeFi statistics across different blockchains, Cardano’s DeFi ecosystem has reached a total value locked (TVL) of over $10 billion as of July 15th, 2023. This means that more than $10 billion worth of assets are locked in various DeFi protocols on Cardano, indicating a high level of user confidence and activity.

Moreover, Cardano’s DeFi ecosystem has achieved this remarkable feat in a relatively short span of time, compared to other platforms. For instance, Ethereum, the leading DeFi platform by TVL, took more than four years to reach $10 billion in TVL, while Binance Smart Chain (BSC), another popular DeFi platform, took about nine months. Cardano’s DeFi ecosystem, on the other hand, took only about six months to reach this milestone, since the launch of its smart contract functionality in January 2023.

This shows that Cardano’s DeFi ecosystem is not only growing fast but also growing sustainably. Unlike other platforms that have faced issues such as network congestion, high fees, security breaches and regulatory scrutiny, Cardano’s DeFi ecosystem has maintained a high level of efficiency, security and compliance. This is thanks to Cardano’s robust design principles and rigorous research-based approach that ensure its solutions are scalable, interoperable and adaptable.

Cardano’s DeFi ecosystem is undoubtedly one of the most impressive and promising developments in the crypto space today. By consistently breaking records and delivering cutting-edge solutions, Cardano’s DeFi ecosystem now stands tall among the top platforms in terms of innovation, adoption and performance. As more users and developers flock to Cardano’s DeFi ecosystem, it is likely that it will continue to set new standards and lead the way for the future of decentralized finance.

Is Staking ETH Or Dot Worth It? How BEASTS Coins Referral Scheme Can Earn You $500 a Day

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Cryptocurrencies have revolutionized the financial landscape, offering new opportunities for investors to earn passive income. One such avenue is through staking, which involves holding and validating cryptocurrencies in a secure network. In this comparative article, we will analyze the similarities and differences between staking Ethereum and staking Polkadot, two prominent blockchain platforms in the crypto industry. We will also explore how the BEASTS Coin affiliate scheme has taken the crypto passive income world by storm, providing readers with valuable insights into the next big crypto investment.

Staking Ethereum

Ethereum, a prominent player in the crypto market, offers staking as a means of generating passive income. By staking Ethereum, users contribute their ETH tokens to the network and, in return, receive rewards. The staking process helps secure the Ethereum blockchain, promoting its decentralization and overall network efficiency.

The process of staking Ethereum is relatively straightforward. Users lock up a certain amount of ETH in a dedicated staking wallet, and their contribution aids in validating transactions and maintaining network integrity. As a reward, stakers earn additional ETH tokens over time, with the rate of return varying based on factors like the amount of ETH staked and network participation.

Staking Polkadot

Polkadot, another prominent blockchain platform, offers its own staking mechanism to incentivize user participation. Similar to Ethereum, staking Polkadot involves users locking up their DOT tokens to support network operations. By doing so, stakers contribute to the security and governance of the Polkadot ecosystem.

One key difference in staking Polkadot is the concept of “nomination.” Stakers have the ability to nominate trustworthy validators who will validate transactions on their behalf. This delegation mechanism ensures efficient network operations and encourages decentralization. In return for their contribution, stakers are rewarded with additional DOT tokens.

Introducing the BEASTS Coin Affiliate Scheme

While Ethereum and Polkadot offer staking as a means of passive income, BEASTS Coin takes a different approach. Operating as a meme coin presale, BEASTS Coin has garnered significant attention due to its unique referral scheme. Instead of staking, users can earn rewards by referring new buyers to the project.

The BEASTS Coin referral system is both simple and lucrative. By connecting their wallet to the BEASTS Coin website, users can generate their own referral code. This code can be shared with an unlimited number of people, allowing for vast referral opportunities. When a new buyer enters the referral code during their purchase, the referrer receives a 20% commission in the cryptocurrency used for the purchase (USDT/ETH/BNB). Additionally, the referred person receives 20% additional BEASTS tokens as a bonus, creating a win-win situation for both parties involved.

Captivating the Community With BEASTS Coin

BEASTS Coin has gone beyond the traditional boundaries of a cryptocurrency project by actively engaging its community. As a community and meme token, BEASTS Coin organizes a variety of activities to foster participation. These include social media competitions, giveaways, and frequent community events. By continuously involving their community, BEASTS Coin has managed to build an enthusiastic and loyal following, distinguishing itself from other presales in the market.

Ethereum and Polkadot have established themselves as prominent players. However, the BEASTS Coin affiliate scheme has introduced a refreshing and innovative approach to earning rewards in the crypto world. While staking Ethereum and Polkadot require users to lock up their tokens and contribute to network operations, BEASTS Coin focuses on the power of referrals.

The BEASTS Coin referral system allows users to generate their own referral code and share it with others. This opens up unlimited opportunities for earning commissions and additional BEASTS tokens. By leveraging the strength of its community, BEASTS Coin has managed to create a buzz and captivate its audience through engaging activities and events.

In conclusion, the BEASTS Coin affiliate scheme presents a unique and enticing proposition in the world of crypto investments. With its innovative approach, it has the potential to drive brand awareness and attract a wide range of investors. By combining the power of referrals with a vibrant community, BEASTS Coin sets itself apart from traditional staking mechanisms. So, if you’re looking for the next big crypto investment that offers both utility and excitement, don’t miss out on the opportunity to be part of the BEASTS Coin revolution.

Register your email and join the presale at BEASTS Coin’s website to unlock the potential of this groundbreaking project. Together, let’s unleash the power of BEASTS Coin and shape the future of passive income in the crypto world.

 

BEASTS Coin

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

Will XRP And Apecoin’s Price Rise Against Bearish Trends As Big Eyes Coin Pushes For Profitability With Casino?

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For the past week, XRP and Apecoin (APE) have been locked into a bear pattern despite the global crypto market rising due to high trading volumes. The price of Apecoin – the token powering the world-famous BAYC NFT collection – has been trending downward since April 2022, now trading at a 93% percent loss since then.

As these two cryptos try to find a steady floor price, Big Eyes Coin (BIG) , a newly launched meme coin available on popular exchanges like Uniswap, is diligently developing a Play-to-Earn (P2E) casino. This innovative endeavor aims to offer added value to dedicated investors who support this ambitious decentralized finance (DeFi) project. In this article, we will thoroughly examine the price dynamics of XRP and Apecoin, along with their respective DeFi ecosystems. Furthermore, we will explore the future prospects of Big Eyes Coin in detail.

Apecoin Looks For Floor Price Amidst Freefall

Primarily used as a governance token for the APE ecosystem, Apecoin is ERC-20 based, whose primary function is to be used for voting on critical decisions to be made to Apecoin’s DeFi platform. On the 7th of July, Apecoin hit an all-time low price of $1.83 with no clear indication of a bull trend in the future.

The same downward pattern has afflicted the BAYC (otherwise known as the Bored Ape Yacht Club NFT collection), losing 80% of its value since its all-time high in March 2022. The decrease in BAYC’s value mirrors the rest of the NFT market’s price movements as well.

XRP Struggles To Maintain Price Stability During Lawsuit With SEC

XRP’s price has decreased over the last month. Along with its reduction in price, the coin’s selling volumes have been going down as well, an indication that selling pressure has depleted for the coin.

XRP was launched in 2021 as the native token of the XRP ledger, a permissionless decentralized system designed to make faster, cheaper cryptocurrency payments a reality. XRP Ledger is great for sending overseas payments at a fraction of the time it takes to send fiat-based currency through legacy financial systems.

Big Eyes Coin Makes Massive Push In Development With Large-Scale Crypto Casino

Listed on major crypto exchanges such as Uniswap, OKX, Poloniex, and LBank, Big Eyes Coin has been making waves in the crypto market with the constant innovation of its ecosystem. The meme coin is known for its affinity for cats and its free giveaways of $BIG to give all the value it can to its loyal fans. But now the crypto has something new up its sleeve.

Big Eyes Coin is all set to launch an operational crypto casino on the 29th of August. Players can choose from over 4,000 P2E games where all entries and payouts will be made in $BIG only. This helps to drive the trading volume of the coin which can help to stabilize the price of the token on crypto exchanges.

Wrapping Up: The Crypto Take

As the DeFi market continues to unfold with new possibilities during the second half of 2023, XRP and Apecoin struggle to find stability in volatile crypto markets. Could Big Eyes Coin along with its new casino be the guiding light for crypto investors? Visit the links below to learn more about BIG.

 

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

Ripple and Cosmos Embroiled in Controversy; Signuptoken.com Does Away With All That

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As the world of decentralized finance (DeFi) and Web3 services continues to evolve, Signuptoken.com emerges as a promising platform that harnesses the power of blockchain technology to provide users with a secure, efficient, and user-friendly experience. This comparative article explores the future of DeFi and Web3 services, highlighting Signuptoken.com‘s unique offerings in contrast to the recent controversies surrounding Ripple and Cosmos. By prioritizing safety and avoiding controversial baggage, Signuptoken.com aims to become a trusted choice for individuals and businesses venturing into the world of cryptocurrencies.

Signuptoken.com: Empowering Users with Future-Ready Solutions

Signuptoken.com is set to revolutionize the crypto landscape by introducing its own cryptocurrency once it reaches one million sign-ups. By leveraging the Uniswap blockchain, Signuptoken.com ensures seamless integration and compatibility with the broader crypto ecosystem. Joining the platform’s email list automatically enrols individuals in the exclusive “Millionaires Club,” granting them early access to Signuptoken.com’s offerings and the potential for significant financial gains.

One notable aspect of Signuptoken.com is its commitment to transparency and fair distribution. The project plans to drop 100% of its token supply upon launch, avoiding controversial token distribution mechanisms and providing equal opportunities for all participants. This approach demonstrates Signuptoken.com’s dedication to building a community-driven ecosystem that fosters trust and inclusivity.

The recent introduction of the cryptocurrency referral scheme has generated considerable excitement among investors. This scheme not only incentivizes early adopters but also amplifies the potential for financial success within the Signuptoken.com ecosystem. The project’s ability to amass over 5,600 email subscribers in just a few weeks showcases the significant interest and trust it has garnered within the cryptocurrency sector.

Ripple and Cosmos: Uncertainty and Controversies

In contrast to Signuptoken.com’s clean slate and commitment to safety, Ripple and Cosmos have recently faced uncertainty due to legal actions and controversies. Ripple, embroiled in lawsuits against Coinbase and Binance, has been named as a security, which has raised concerns among investors and users. Similarly, Cosmos, another prominent player in the blockchain space, has seen its future questioned amid worries and anxieties from early investors.

These controversies surrounding Ripple and Cosmos highlight the importance of investing in projects that prioritize compliance and regulatory adherence.

Signuptoken.com, with its community-focused model and transparent distribution mechanism, offers a safe and trustworthy alternative for individuals seeking a DeFi investment without any controversial baggage. By upholding strict legal and compliance standards, Signuptoken.com aims to create an environment that promotes long-term growth and stability.

Signuptoken.com: A Safe Pick for DeFi Investors

With the recent challenges faced by Ripple and Cosmos, Signuptoken.com presents itself as a compelling choice for investors seeking a secure and controversy-free DeFi investment. By prioritizing safety, transparency, and community engagement, Signuptoken.com aims to build a robust ecosystem that fosters trust and delivers sustainable growth.

Investing in Signuptoken.com offers individuals the opportunity to participate in the future of DeFi while avoiding potential legal and regulatory complications. The project’s commitment to fair token distribution, user-friendly experience, and early access privileges positions it as an attractive option for both seasoned investors and newcomers to the crypto space.

As the crypto landscape continues to evolve, Signuptoken.com stands out as a platform that embraces the principles of safety, compliance, and community. By providing a secure and controversy-free environment for DeFi investments, Signuptoken.com aims to reshape the industry and empower individuals to participate in the exciting world of cryptocurrencies.

 

Learn more about Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Benefits of Litecoin Halving: A Comparative Study of Litecoin, DogeMiyagi, and Avalanche

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The benefits of Litecoin halving are consistently making headlines, capturing the attention of investors and enthusiasts who eagerly await its potential impact on the cryptocurrency market. Surprisingly, a significant portion (approximately 13%), of the circulating Litecoin supply has remained untouched for over five years, highlighting the long-term commitment of certain holders.

This comparative article will delve into the similarities and differences between Litecoin (LTC), DogeMiyagi (MIYAGI), and Avalanche (AVAX), specifically concerning the upcoming Litecoin halving.

Litecoin Halving: Catalyst for Price Surge and Supply Control

The Litecoin halving is set to take place in August. The block reward for miners will be reduced from 12.5 LTC to 6.25 LTC. This event mirrors a recent halving for the anonymous cryptocurrency DASH.

A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/Files

Litecoin has experienced a significant increase in hash rate, interest and engagement, and rapid growth in LTC addresses holding at least 0.001, indicating increased adoption and usage.

Benefits of Litecoin Halving

  • Price Appreciation: The Litecoin halving has historically led to price appreciation as the reduction in mining rewards decreases the rate at which new Litecoins are created, increasing scarcity and potentially driving up demand.
  • Supply Control: The halving event helps control the inflation of Litecoin by cutting the block reward for miners in half every four years, ensuring a more controlled and limited supply over time.
  • Increased Attention: The Litecoin halving garners significant attention within the cryptocurrency community and beyond, bringing Litecoin into the spotlight and raising awareness about its unique features and potential investment opportunities.
  • Positive Market Sentiment: The halving event can create a positive sentiment in the cryptocurrency market as investors anticipate the reduced supply and potential price appreciation, which can spill over to other cryptocurrencies.
  • Network Security: The halving mechanism reinforces the security of the Litecoin network by incentivising miners to continue their work even with reduced block rewards, ensuring a robust and resilient blockchain network.
  • Investor Confidence: The halving event showcases Litecoin’s commitment to maintaining a sound monetary policy and can instil confidence in investors who value cryptocurrencies with controlled and predictable supply dynamics.

DogeMiyagi Emerges as a Promising Newcomer

DogeMiyagi is a relatively new cryptocurrency that gained immense popularity by associating with the Dogecoin community. The Doge meme inspires it and aims to combine Dogecoin’s fun and playful nature with the principles of Miyagi-Do Karate. DogeMiyagi differentiates itself by focusing on utility and community engagement.

How Does DogeMiyagi Compare to Litecoin?

While DogeMiyagi shares some similarities with Litecoin, such as being a decentralised cryptocurrency, it differs in terms of its target audience and use case. DogeMiyagi leverages the popularity of Dogecoin and aims to provide a platform for meme coin enthusiasts looking for utility and community-driven projects.

Unlike Litecoin, which positions itself as a digital currency for everyday transactions, DogeMiyagi focuses more on community engagement and meme culture.

Impact of Litecoin Halving on DogeMiyagi

The Litecoin halving may indirectly impact DogeMiyagi due to its connection to the wider cryptocurrency market. As Litecoin experiences increased attention and potential price appreciation, it may create a positive sentiment that spills over to other cryptocurrencies, including DogeMiyagi.

Investors seeking opportunities in the crypto market may turn to DogeMiyagi as an alternative investment, drawn by its connection to the popular Dogecoin community and its unique meme coin utility. The Litecoin halving could drive increased interest in the cryptocurrency market, benefiting projects like DogeMiyagi.

Avalanche: The Scalable Blockchain Platform

Avalanche is a blockchain platform that aims to provide scalability, high throughput, and low transaction fees. It distinguishes itself through its consensus protocol, which enables fast and secure transactions. Avalanche seeks to offer a platform for building decentralised applications (dApps) and fostering innovation in the blockchain space.

 Litecoin Halving Effects on Litecoin

The Litecoin halving is unlikely to directly impact Avalanche since they serve different purposes in the cryptocurrency ecosystem. However, the increased attention and potential price appreciation surrounding Litecoin could positively influence investor sentiment towards cryptocurrencies, including Avalanche. As the crypto market experiences upward trends, projects like Avalanche may see increased adoption and interest from developers and investors.

Takeaway

Lastly, the upcoming Litecoin halving holds significant potential for the cryptocurrency market. Litecoin’s established position as a pioneering digital currency and its halving mechanism create a scenario that has historically resulted in price appreciation. While DogeMiyagi leverages the popularity of Dogecoin and offers utility for meme coin enthusiasts, Avalanche stands out as a scalable blockchain platform for decentralised applications.

 

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi