Banxso has announced the launch of an 8.7% interest rate on deposits for its brokerage clients in South Africa in a move that addresses the high-interest rates climate which can channel users to deposit their money on the broker.
The combines the benefits of liquid interest rates with the ability to invest across various channels. This dual investment model allows clients to earn interest while simultaneously trading, offering unparalleled flexibility in managing investments.
“Both worlds – earning competitive interest and having the freedom to trade”
Manuel De Andrade, COO of Banxso, said: “Banxso is dedicated to empowering our clients with more control over their financial future. Our unique offering signifies a shift towards more dynamic and flexible financial planning, where our clients don’t have to compromise on their investment strategy. With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”
Banxso distinguishes itself by allowing clients to access their funds anytime, removing the typical constraints of fixed-term investments. This liquidity ensures that clients can quickly adapt to market changes. The platform’s unique feature of enabling investments in both passive interest earning and active trading without requiring clients to choose one over the other is particularly noteworthy.
This novel approach eliminates the traditional dilemma of choosing between high-interest rates on savings and the dynamic opportunities of the trading market. By blending competitive interest rates with flexible trading options, Banxso not only serves as an investment platform but also as a partner in financial advancement.
Banxso secured regulatory licenses in Australia, Mauritius, Vanuatu
Banxso last week partnered with Trading Central to integrate its live trading signals and make institutional-grade research accessible to retail investors.
This partnership came on the heels of Banxso’s successful acquisition of licenses in Australia, Mauritius, and Vanuatu, marking a significant expansion in their global operations. These licenses are pivotal in Banxso’s strategy to broaden its reach and provide comprehensive financial products and services across various regions.
Banxso has recently faced criticism in South Africa due to a deepfake ad scam that channeled victims to the FX broker’s platform, without the firm’s knowledge these users were being wronged. After millions of rands being lost, Banxso promised compensation to investors.
In response to this incident, Banxso gave an interview to Chris Steyn from BizNews, which addressed the issue. In an enlightening interview, Lara Huges-Thom, Chief Legal Officer (CLO) of Banxso South Africa (Banxso PTY), discussed Banxso’s response to this crisis was multi-faceted, indicating both the challenges and the necessary steps needed to combat such digital deceit.
FINRA has initiated a new measure to enhance post-trade transparency in the U.S. Treasury securities market, involving the dissemination of individual transaction details in active U.S. Treasury securities at the day’s end.
Aiming to elevate transparency levels in the trading of these essential benchmark securities, and aimed at FINRA members and other professional subscribers, this information will be available on the same day, enhancing their ability to make informed decisions.
Data will then be accessible to the general public for personal, non-commercial use without any charge on FINRA’s website the following day. Starting from April 1, FINRA also plans to offer access to historical data, albeit with a six-month delay.
Transpareny for on-the-run nominal coupon Treasury securities
The Financial Industry Regulatory Authority is thus introducing greater transparency carefully and incrementally to support the market’s liquidity and resilience while addressing potential concerns related to information leakage.
The transparency initiative specifically targets on-the-run nominal coupon Treasury securities, which include the most recently auctioned notes or bonds with fixed rate nominal coupons. The disseminated data encompasses trade size and price, the type of counterparty involved (dealer, customer, affiliate, or alternative trading system), whether the trade was executed on an ATS, along with other trade modifiers and indicators.
Importantly, the data will be anonymized, lacking any identifying information about the transaction participants. Moreover, there are size caps on the dissemination of transaction details, with specifics about these caps and associated fees detailed in Regulatory Notice 24-06.
This step is part of a series of efforts by FINRA to increase transaction reporting and transparency in the Treasury securities market. These initiatives have been developed in consultation with the Department of the Treasury, the Federal Reserve Board, and the Securities and Exchange Commission, marking significant milestones such as the increased publication frequency of aggregated volume data and the inception of transaction reporting to TRACE for regulatory oversight purposes.
Stephanie Dumont, Executive Vice President of Market Regulation and Transparency Services at FINRA, said: “Given the unique and fundamental role of the U.S. Treasury securities market in the global economy, promoting the market’s transparency is important for both Treasury market participants and the broader financial system. Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”
OpenYield Trading, a new player in the bond trading industry, has gone live with its SEC and FINRA-registered alternative trading system (ATS) that addresses fixed-income investing for broker-dealers, advisors, and asset managers.
Traditionally, bond trading has been bogged down by indirect quote systems and operational inefficiencies. However, OpenYield’s use of pricing algorithms and a streamlined bond selection process promises a more straightforward and reliable investing experience. Its system is designed to cater to both seasoned players and new entrants in the bond market, offering tools and services that simplify bond trading.
Top tier market makers, no minimum investments, data and analytics
The bond trading platform promises equity-like trading experiences in the bond market with features like unique liquidity, no minimum investments, and flexible technology that offers comprehensive data and analytics.
OpenYield has already onboarded algo-enabled market makers such as Flow Traders and TD Securities Automated Trading, as well as Apex Clearing, supporting over 100 brokerages and an asset under custody (AUC) exceeding $100 billion.
Addressing longstanding challenges in fixed income investing, OpenYield features algo-driven liquidity, instant execution of trades with 100% firm prices, and a modern architecture that supports automated trading. Moreover, the platform is designed to be cost-effective for trading in small tickets, with an emphasis on odd lot economics and tiered liquidity pools.
“The bond market is primed for its next chapter”
Jonathan Birnbaum, Founder & CEO of OpenYield, stated: “The bond market is primed for its next chapter. The rise of interest rates has catalyzed the demand side for fixed income, while the rise of electronic trading and pricing algos has transformed the supply side liquidity. Meanwhile, the experience of interacting with the bond market for investors and advisors hasn’t changed, leaving much to be desired. We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”
Marty Mannion, Co-Head of TD Securities Automated Trading, commented: “Greater use of technology and automated trading protocols are transforming the execution process in fixed income markets. We are excited to be working with OpenYield to help deliver actionable liquidity to their innovative platform, with the goal of creating a premier execution experience for investors.”
Jason Wallach, VP & Head of Capital Markets at Apex Clearing Corporation, said: “Our goal is simple: provide cutting-edge technology enabling fixed-income products to be traded with the same agility as equities. We’re thrilled to support OpenYield as they pave the way for broker-dealers, advisers, and beyond to enter the bond trading arena seamlessly. We’re not just participating in the next chapter of capital markets; we’re actively shaping its future.”
Sumsub and Mercuryo have together published a paper titled “Mastering Travel Rule Compliance” aimed at providing guidance to Virtual Asset Service Providers (VASPs).
Designed to aid cryptocurrency businesses in understanding and implementing the Travel Rule to ensure compliance and support business growth, the guide is particularly timely as the FATF’s recent survey revealed that 35 of 135 jurisdictions have already enacted Travel Rule legislation, with the European Union set to follow by December 30, 2024.
VASPs need to respond to the growing global commitment to integrating cryptocurrency within regulated financial systems and ensuring a safe, transparent, and compliant environment. The guide addresses the complexity of the regulation and provides practical solutions to stay compliant while minimizing costs and risks.
The Travel Rule, established by the Financial Action Task Force (FATF), mandates that financial entities involved in virtual asset transactions collect and share personal information of both senders and recipients. This regulation is a critical component of anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. It is essential for VASPs and financial institutions to adhere to these guidelines to remain compliant, avoid penalties, and retain their licenses.
A guide to minimize costs and avoid potential risks of non-compliance with Travel Rule
Tony Petrov, Chief Legal Officer at Sumsub, said: “The Travel Rule plays a crucial role in promoting a secure and transparent environment within the cryptocurrency space, aligning it with broader financial regulatory objectives and efforts to combat financial crimes. It’s the global standard for ensuring secure VA transfers, and compliance with the Travel Rule is a reliable way to make the cryptocurrency industry transparent and safe for all. At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”
Andrew Ilinsky, Chief Product Officer at Mercuryo, commented: “Our long-term partnership with Sumsub combines joint core competencies and results in the all-encompassing guides for companies that we provide for free. As a global payments ecosystem, we’re building and harmonizing crypto and fiat solutions, which enable businesses across the globe to unlock and harness the power of crypto payments. This collaboration resonates deeply with Mercuryo’s mission of ensuring transaction safety, data security and compliance both for users and crypto platforms.”
Binance joined Global Travel Rule (GTR) Alliance
Earlier this week, Sumsub welcomed Binance to the Global Travel Rule (GTR) Alliance. The collaboration will grant access to a vast ecosystem of Virtual Asset Service Providers (VASPs), financial institutions, and fintech companies engaged in crypto transactions with Binance’s 183M+ users, facilitating secure transaction data validation.
This integration boosts Sumsub’s compliance solution for the crypto industry by enabling interoperability and addressing the sunrise issue, where counterparties may not be compliant with Travel Rule requirements due to the staggered adoption across different jurisdictions.
The sunrise issue in the context of cryptocurrency compliance refers to the challenge arising from the staggered implementation of these regulatory requirements across different jurisdictions and Virtual Asset Service Providers (VASPs). The term “sunrise” symbolizes the gradual onset or commencement of these regulations coming into effect at different times for different entities.
This issue creates a situation where some VASPs are required to comply with the Travel Rule, which mandates the collection and sharing of personal information for transactions above a certain threshold, while others are not yet obliged to do so due to their local regulations not having caught up.
This lack of uniformity leads to complexities in conducting transactions between VASPs that are at different stages of regulatory compliance, causing problems in the interoperability and smooth operation of global crypto transactions. The challenge lies in ensuring that all parties in a transaction are compliant, making the process of adhering to the Travel Rule more complicated than if a simultaneous, global implementation were in place.
Sumsub’s recent “State of Verification and Monitoring in the Crypto Industry 2023” report, based on analysis of over 800,000 fraud attempts and insights from the crypto sector, underscored the challenges of Travel Rule compliance and emerging fraud methods like AI-generated deepfakes.
Sumsub is renowned for its comprehensive verification platform, offering KYC, KYB, and other compliance solutions to over 2,000 clients across various industries, demonstrating its commitment to security and compliance in the rapidly evolving digital landscape.
Sumsub partnered with Chainalysis for Travel Rule solution
Sumsub also recently integrated with blockchain data platform Chainalysis in a move that significantly enhances the full-cycle verification provider’s capabilities when it comes to compliance in crypto markets. Leveraging Chainalysis’ extensive blockchain analytics platform and services, Sumsub’s Transaction Monitoring and Travel Rule solutions ensure regulatory compliance, secured data storage and automated crypto transaction monitoring for client companies.
Sumsub’s integration with Chainalysis and its Bring Your Own Key (BYOK) management model allows Sumsub to provide unified workflows and automated monitoring of transactions via a secure channel for the benefit of crypto businesses and their digital compliance needs. The partnership ensures that clients stay compliant as crypto regulations become more stringent and sophisticated.
The compliance solution mainly targets crypto exchanges, peer-to-peer marketplaces, and neobanks interacting with crypto for their customers. These firms now can set up automated crypto transaction monitoring and advanced analytics for deeper investigations and effective risk management in one unified dashboard.
Bitget Wallet’s strategy to venture into new assets and opportunities within the Web3 realm has contributed to its rising transaction volume. The platform has added several new tokens that have gained popularity on social media and decentralized exchanges (DEXs). By introducing some of the most sought-after Solana and Base meme coins early, Bitget positioned itself as a frontrunner, enabling its users to benefit from the coins’ significant gains during the bull market. It introduced trading pairs for BONK, BOME, and SLERF, allowing its users to engage early and profit from these tokens.
“Trading has always been a core demand of users in the Web3 space,” comments Alvin Kan, Chief Operating Officer of Bitget Wallet. “Continuously improving our overall user experience and assisting users in discovering and trading new assets is our goal. The steady growth of our Swap trading volume is a testament to our efforts, indicating that users recognize us for who we are – an optimal wallet for trading, and we reciprocate this by continuing to invest and innovate in our trading features moving forward.”
To cater to its more sophisticated traders, Bitget Wallet continuously updates with advanced trading features. Its Swap function encompasses sophisticated trading tools such as smart money tracking and DEX liquidity aggregation. Smart money tracking lets advanced traders follow the investment strategies of successful investors for insights into potential market trends.
DEX liquidity aggregation, on the other hand, provides traders with the best prices across various decentralized exchanges, enhancing their trading strategies for optimal results and profits. With over 20 million users and growing, the wallet’s achievements in trading volume showcase its broad acceptance and the benefits it offers to the cryptocurrency community.
A key focus for Bitget Wallet has been on asset discovery, making it one of the first to feature trends and price information for on-chain assets. This focus has been pivotal to the wallet’s growth in trading volume in recent months. Moreover, it has significantly upgraded its market analysis tools, now offering advanced market data, including real-time, multi-dimensional market rankings. These improvements equip users with powerful insights and tools for identifying and capitalizing on trading opportunities.
The wallet has also enhanced its Swap features by supporting nearly 50 blockchains, merging liquidity from numerous DEXs and cross-chain bridges to ensure users receive the best trading prices and offering a wide range of trading pairs.
Aiming to replicate the user-friendly experience of centralized exchanges, Bitget Wallet has streamlined on-chain transactions. It introduced a “borrowed gas” feature, enabling transactions without needing native tokens for gas fees, and an “automatic slippage” feature that adjusts slippage costs to expedite transactions and seize quick market opportunities. These updates collectively enhance the trading experience, aiding users in exploiting brief market trends.
Recently, Bitget Wallet announced an airdrop for its new ecosystem token, BWB, and a partnership program with over 40 Web3 projects, further expanding its offerings and community engagement.
For some, the call to buy XRP might mark the beginning of a thrilling expedition into the world of digital assets, making it a popular choice for new entrants in the crypto realm. Starting with such well-recognized virtual currencies can serve as a foundational step in building a diversified portfolio, paving the way for an enchanting adventure amidst the ebb and flow of this dynamic market.
As you commence this venture, remember that knowledge is your compass, guiding you through the shifting landscapes of the digital currency world. Staying abreast of market trends, technological innovations and regulatory changes will help you make informed decisions.
Every wise navigator knows the importance of continuous learning, fueling their exploration with a blend of experience and education. Arm yourself with understanding, and you’ll be well-equipped to uncover the treasures that lie hidden in the vast digital expanse.
Ensuring Safe Passage With Secure Exchanges
As you gear up for this exciting journey, the importance of security cannot be overstated. In a realm prowled by digital pirates and hidden dangers, a secure trading platform stands as your fortress, safeguarding the precious digital coins within its virtual walls.
A reliable exchange is akin to a seasoned captain navigating through stormy seas, with robust security measures that protect your assets from unwanted intrusions. It’s essential to thoroughly investigate these platforms, checking for things like two-factor authentication, encryption and insurance policies.
This due diligence is as crucial as plotting a course on a nautical chart; it will guide you to a haven where your digital wealth can reside safely.
Charting New Territories With Diverse Cryptocurrency Portfolios
Diversification is the wind in your sails that keeps your investment journey on course through the unpredictable weather of the cryptocurrency market. By balancing your portfolio with a variety of digital assets, you establish a buffer against the fluctuating fortunes of any single currency.
This strategic approach can minimize your risks and potentially lead to more stable long-term growth. Like a ship stocked with provisions for every contingency, a well-varied portfolio prepares you for market volatility, enabling you to ride out the fiercest financial storms and capitalize on new opportunities as they arise.
Utilizing Powerful Tools for the Savvy Trader
An astute trader’s toolbox is filled with state-of-the-art instruments that empower them to make precise and timely decisions. Advanced features on a trading platform can serve as your spyglass, helping you scout the horizon for promising trades.
Customization options, technical indicators and automated systems let you tailor your strategies to fit your unique trading style. Like a ship outfitted with the latest nautical innovations, these powerful tools can enhance your trading effectiveness, giving you a competitive edge as you navigate through the ever-shifting crypto currents.
Sailing Smoothly With User-Friendly Platforms
The thrill of trading is most potent when you’re at the helm of a ship that responds swiftly to your commands.
A user-friendly platform is essential to steer your way through the often complex world of cryptocurrency trading with ease. From intuitive interfaces to responsive design, the usability of a platform can significantly impact your ability to execute trades quickly and efficiently.
Supportive communities and responsive customer service act as a lighthouse guiding you safely to shore when the waters get choppy, ensuring your trading experience remains smooth sailing.
The Beacon of Knowledgeable Decision-Making
Navigating the deep and sometimes treacherous waters of the cryptocurrency market requires more than gut instinct; it demands insight. An investor equipped with real-time data, comprehensive charts and thorough market analyses stands at the crow’s nest, with a clear view of oncoming waves.
Informed decisions are the rudder that steers your investment journey, helping you to avoid obstacles and seize opportunities. Enlightened by up-to-the-minute information, you can make strategic choices that will lead your portfolio to the shores of success, without running aground on the hidden reefs of speculation.
Riding the Wave of Crypto Innovation and Updates
The cryptocurrency landscape is an ever-evolving odyssey, with new advancements and coins rippling through the market at an exhilarating pace.
Each innovation brings a promise of new growth and potential, reshaping the digital economy in unpredictable ways. Embrace these changes as you would a new route discovered on your map, filled with the promise of adventure and the thrill of discovery.
Updates in technology and new asset offerings on trading platforms showcase the dynamic nature of the crypto world, beckoning traders to remain vigilant and adaptable in their quests for treasure. By keeping a keen eye on the horizon, you can harness the power of innovation and sail towards a prosperous trading future.
The Trading Analyst
For further insights, refer to The Traders Union trading Analyst review, where you can discover more about its options alert service, which includes real-time trading alerts via SMS. This service is especially beneficial for beginners looking to make well-informed trading decisions without incurring excessive fees. With reasonable pricing, a proven track record of profitability, a sufficient frequency of alerts, and access to educational resources, it caters to traders’ needs effectively.
Upon subscription to The Trading Analyst, traders receive real-time text message alerts containing clear signals and precise pricing, ensuring they are promptly informed about new options positions with buy alerts and position exits with sell alerts, all in real-time, thus minimizing the chance of missing trading opportunities.
The Trading Analyst follows a strategy focused on achieving long-term, consistent profits, aiming for gains of 10% – 25% per trade, while prioritizing proper risk management to minimize losses and maximize gains. Priced at an annual subscription fee of $787, The Trading Analyst offers a cost-effective way to acquire valuable trading insights and potentially gain a competitive advantage in the market.
TU experts regard The Trading Analyst as a reliable and reasonably priced option alert service that provides transparent, actionable trading signals in real-time. Its emphasis on consistent earnings and prudent risk management makes it an outstanding choice for novice users seeking to improve their trading results.
Features
The Trading Analyst offers several unique and valuable services:
- Real-time trading alerts via SMS: traders receive timely notifications of potential trading opportunities, crucial in fast-moving markets.
- Real-time portfolio tracker: provides a detailed view of a trader’s portfolio performance, facilitating adjustments to trading strategies.
- Educational database: offers insights into options trading, including strategies, market trends, and risk management tips.
- 2-5 real-time trade alerts per week: a manageable number of alerts based on market data and expert analysis, ensuring reliability and potential profitability.
- Profitable trading record: a 53.3% win rate and a profit factor of 1.67, indicating the service’s potential for profitability.
- Weekly trading report: exclusive insights into the options trading market, keeping subscribers informed about current events and trends.
Costs
According to TU, The Trading Analyst provides three subscription tiers tailored to various trading styles and budgets:
- Monthly subscription: $147 per month, offering 2-5 swing trade alerts weekly, real-time text message notifications, and access to a live portfolio tracker.
- Annual subscription: $787 per year, with the same features as the monthly plan, targeting a $100,000 annual profit and recommended for accounts over $25,000, saving subscribers $977 annually.
- Quarterly subscription: $357 per quarter, includes all features of monthly and annual plans, saving $336 compared to the monthly option, suitable for those wanting to test the service before committing long-term.
In essence, The Trading Analyst’s subscription options cater to diverse trading needs, providing easy-to-follow trade alerts, real-time updates, portfolio tracking, and access to exclusive weekly trading reports.
Pros and cons
The Trading Analyst offers a comprehensive suite of services tailored to options traders, aiming to simplify trading decisions and enhance profitability. Traders Union delves into the key pros and cons of The Trading Analyst, focusing on its offerings and potential drawbacks for users navigating the options market.
Pros:
- The Trading Analyst delivers easy-to-understand alerts via text message, enabling traders to swiftly act on potential opportunities.
- Focusing on swing trading, The Trading Analyst targets substantial wins, backed by a track record of successful trades in the options market.
- Subscribers can save up to $1,467 annually by opting for the cheaper annual subscription over monthly or quarterly plans.
- All subscriptions can be canceled at any time, offering flexibility to users who wish to explore the service without long-term commitments.
- Designed to maximize gains and minimize losses, the formula guides profit-taking and loss-cutting decisions, fostering consistent profitability.
- Exclusive to members, the report provides valuable market insights, including outlook, portfolio updates, and trade summaries.
Cons:
- Its fees are comparatively high, potentially deterring traders seeking more affordable options trading alert services.
- While offering educational resources and a weekly report, it does not provide detailed research and analysis, which may be limiting for traders reliant on comprehensive insights for decision-making.
Safety
Key to The Trading Analyst’s success is their profit target determination and risk management strategy, which includes setting initial profit targets, employing stop-loss mechanisms, and closely monitoring option position sizing.
Since July 2018, The Trading Analyst has maintained a win rate exceeding 53%, with 331 successful trades and 289 unsuccessful ones. Their average loss stands at -$2,619.59, while the average win amounts to $4,383.25, resulting in a profit factor of 1.67.
By simplifying the trading process and eliminating the need to navigate market complexities, The Trading Analyst enables subscribers to benefit from successful trades while maintaining their daily routines.
The Trading Analyst’s options trading alert service prioritizes safety and efficiency, offering traders a reliable process, comprehensive risk management, and a track record of profitability. Their dedication to long-term risk management distinguishes them in the market, ensuring a focus on reducing risk while maximizing gains.
Final thoughts
The Trading Analyst emerges as a reliable and reasonably priced option alert service, providing transparent and actionable trading signals in real-time. Its emphasis on consistent earnings and prudent risk management makes it an outstanding choice for novice traders seeking to improve their trading results. The service’s comprehensive suite of features, including real-time alerts, a portfolio tracker, educational resources, and weekly reports, caters to diverse trading needs.
Despite higher subscription fees compared to some competitors, The Trading Analyst’s proven track record of profitability and focus on risk management position it as a valuable asset for users navigating the complex options market. The author of the article is Chinmay Soni, an investment analyst and portfolio manager at Traders Union.
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The digital currency landscape is witnessing significant shifts with Cardano (ADA) preparing for a price upswing, Fantom Foundation’s imminent Sonic rollout, and BlockDAG laying the groundwork for remarkable expansion. These developments highlight distinct aspects of the ongoing blockchain evolution. With Cardano eyeing a major upturn, Sonic poised to boost blockchain functionality, and BlockDAG‘s expected monumental 5000-fold growth, they stand out as pivotal figures. This piece seeks to direct investors toward the premier crypto investment of 2024.
Cardano (ADA) Anticipates Price Upswing
Cardano (ADA) appears set for a bullish trajectory, especially after its recovery from the support territory. It has consistently remained above the key 55 simple moving average on the 4-hour chart, indicating possible upward movement.
A definitive push beyond the current resistance could further propel Cardano towards new heights. The latest trends indicate that Cardano is on the brink of an upsurge, with a real chance for substantial gains if it successfully breaches resistance levels.
Fantom Foundation to Launch Sonic
Fantom Foundation is poised to unveil Sonic, an innovative solution to improve blockchain’s interoperability and scalability. This marks a strategic pivot to a community-focused model, with Sonic achieving more than 2,000 transactions per second (TPS) and near-instant finality. Introducing a unified sequencer for both Layer 1 and Layer 2 chains, Sonic aims to alleviate the congestion challenges of its predecessor, Opera, establishing a new efficiency paradigm in the blockchain space.
With the introduction of Sonic, the Fantom Foundation plans to implement various governance proposals to engage the community further, signifying a key development in Fantom’s aim to cultivate a more inclusive and connected blockchain network.
BlockDAG Gears Up for Remarkable Profitability with 5000x Growth Potential!
BlockDAG is capturing the attention of the crypto investment community, with projections indicating an extraordinary 5000-fold increase in growth, making it an unrivaled investment prospect. This optimism is rooted in BlockDAG’s solid technological framework and its potential to transform the cryptocurrency landscape.
The prospect of a 5000x return for initial investors highlights BlockDAG’s groundbreaking potential, affirming its position as the top cryptocurrency investment opportunity currently available. With the successful sale of over 5.5 billion BDAG coins at $0.003 each during its fifth presale round and anticipation high for the next round, which promises a 50% price increase, it has successfully garnered over $10 million in investments.
The tech behind BDAG is a hybrid one, combining both Directed Acyclic Graphs (DAG) with Proof-of-Work (Pow). While the first enhances transaction speed, the second is the most efficient protocol used in crypto to address questions such as scalability, decentralization, and security. With this being said, the network has already amassed $9.9 million in its fifth presale batch, as its public goal is to reach $600 million until the end of 2024.
Investment Insight
While both Cardano (ADA) and Fantom’s Sonic represent significant advancements in blockchain technology and ecosystem efficiency, BlockDAG stands out as the superior investment opportunity. With its state-of-the-art X100 miner and the chance for a 5000-fold return, BlockDAG not only signifies a significant technological breakthrough but also offers unmatched profitability potential for early investors. This combination of innovation and profit potential solidifies BlockDAG’s place as the foremost option in the altcoin market, for those aiming to deeply engage with the future of the cryptocurrency market.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram:https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVy
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The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained herein.
The Russian platform was sanctioned for its role in money laundering, terrorism financing, and facilitating ransomware attacks. According to a Bloomberg report, which cited anonymous sources, this could represent the largest known violation of sanctions imposed on Russia since the onset of the Russia-Ukraine conflict in February 2022.
Garantex was hit with sanctions by the U.S. and UK in April 2022, highlighting a concerted effort to curb financial activities that might support the Russian military actions in Ukraine. The ongoing investigation focuses on the flow of USDT to understand the extent of the exchange’s involvement in bypassing the sanctions.
This inquiry is part of a broader clampdown on entities believed to be assisting Russian nationals in evading international sanctions through the use of cryptocurrencies. On March 25, the U.S. Department of the Treasury’s Office of Foreign Assets Control announced penalties against 13 organizations and two individuals for such activities.
The implications of these findings are yet to be fully realized, and it remains unclear whether Tether’s parent company has violated any laws.
Despite Tether’s operations being outside the U.S., American regulators, through the Office of Foreign Assets Control (OFAC), has mechanisms to influence the stablecoin’s offshore activities.
One notable instance of regulatory intervention involves Tether’s connection with Tornado Cash, a cryptocurrency mixer on the Ethereum network, which was sanctioned by OFAC in August 2022 for money laundering activities. This action confirmed the ability of regulatory bodies to impact the usage of tether indirectly, through international cooperation and measures targeting associated entities.
Earlier in February, JPMorgan Chase suggested that impending stablecoin regulations could pose challenges for Tether. They argue that such regulations are likely to favor stablecoins offering greater transparency and adherence to emerging KYC and AML standards, thereby reducing Tether’s appeal. This regulatory shift could also affect the decentralized finance (DeFi) sector, where USDT plays a critical role as a form of collateral and liquidity.
As the trading volumes of Bonk fluctuate wildly and Spell’s prices show bullish potential, where does true innovation in the cryptocurrency sector lie? Against this volatile backdrop, BlockDAG (BDAG) distinguishes itself, having impressively achieved the remarkable feat of selling over 5.5 billion coins and raising a staggering $9.9 million. As Batch 5 teeters on the brink of a sell-out, BlockDAG’s strategic acumen and resilience shine through.
BlockDAG stands out among its competitors for its innovative approach to scalability and transaction efficiency and the 10,000x ROI potential. Its unique Directed Acyclic Graph structure offers a promising solution to the limitations faced by traditional blockchain technologies, positioning it as a potentially lucrative investment for forward-thinking investors.
The Ebb and Flow of BONK Trading Volume
BONK’s trading volume, which is a key indicator of market interest, recently experienced significant fluctuations, highlighting the unpredictable nature of meme coins. A recent uptick showed the trading volume reaching $66.59 million, a 37% increase, signalling a resurgence of trader interest.
This contrasts with a previous 39.67% decline to $51.52 million, underscoring the volatile market sentiment towards BONK. These fluctuations in trading volume are pivotal for understanding BONK’s market dynamics, reflecting both the community’s reaction to market news and broader trends within the cryptocurrency space.
Spell Token’s Bullish Horizon in April 2024
A neutral market perspective prevails for Spell token as its price sustains above the bullish point of interest at $0.00106, with a trading volume of $13.24 million. The Spell token is integral to the money lending platform Abracadabra, which shows promising growth, with a significant 90% return last month.
It soared nearly 300% from the $0.00047 zone, indicating strong buying momentum. Presently, the Spell token price hints at bullish sentiments, despite some resistance. With analysts projecting an optimistic outlook, the Spell token’s price could potentially reach $0.00200 by April’s end, solidifying its position as a key asset in the crypto market.
BlockDAG’s Dominance in The Crypto Scene 2024
BlockDAG sets itself apart within the blockchain realm, positioning itself as the best crypto to buy in 2024. With its novel Directed Acyclic Graph structure, it revolutionizes transaction speeds and scalability, far surpassing traditional blockchain capabilities. This groundbreaking technology facilitates simultaneous block additions, thereby elevating transaction capacity, ensuring robust security, and fostering decentralization.
The BDAG coin is currently priced at $0.003 in Batch 5. The impressive presale success, raising $9.9 million and selling over 5.5 billion coins and 4100+ miners, showcases the market’s strong belief in BlockDAG’s potential. BlockDAG’s presale got an incredible boost after it released its exclusive keynote video detailing its blend of technological prowess and significant 10,000x return on investment opportunities; solidifying its status as a frontrunner in shaping the cryptocurrency landscape’s future.
BlockDAG’s proof-of-work consensus mechanism not only emphasizes top-tier security but also advocates for an environmentally sustainable digital future. Achieving remarkable feats, such as processing up to 10 blocks per second with aspirations to exceed 30, BlockDAG stands out as the best crypto to buy in 2024 for those seeking to be at the forefront of blockchain efficiency and scalability.
BlockDAG the Best Crypto to Buy in 2024
Considering the challenges and opportunities highlighted by BONK’s trading volume and SPELL’s token price, BlockDAG distinguishes itself as an optimal investment choice. Its technological advancements in addressing blockchain’s scalability and efficiency issues offer a solid foundation for robust growth. With a successful presale and a vision for future scalability, BlockDAG is not just another cryptocurrency but a pioneering platform that stands out as the best crypto to buy in 2024.
Join BlockDAG Presale:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram:https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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The exchange announced the launch of Bybit.nl in the Netherlands on March 28, a new local trading platform compliant with Dutch regulations. The new offshoot will offer local users access to cryptocurrency trading and educational resources.
The operation is made possible through a partnership with Satos, a regulated Bitcoin-focused company in the Netherlands, allowing Bybit’s Dutch users to deposit and withdraw fiat currency and trade over 300 pairs. Ben Zhou, co-founder and CEO of Bybit, highlighted the company’s dedication to regulatory compliance and customer service. He noted the partnership with SATOS as a step towards providing a secure and seamless trading experience backed by top-notch security and support.
“Through our partnership with SATOS, we aim to provide Dutch users with a secure and seamless trading experience, backed by industry-leading security measures and unparalleled support,” he added.
In February 2024, Bybit adjusted some of its services, including discontinuing derivatives trading in the Netherlands, to align with the guidelines set by the Dutch central bank. This move follows similar actions by other major global exchanges like Binance and Gemini, which ceased operations in the Netherlands in 2023 to comply with local regulations.
The Netherlands, a member of the European Union, is part of a trading bloc that recently passed the Markets in Crypto Asset (MiCA) legislation. This EU-wide regulation allows companies to obtain a single license in one EU country and then operate across the entire union.
The expansion comes shortly after Bybit faced a public warning from Hong Kong’s Securities and Futures Commission (SFC) on March 14, for offering crypto-related products in various jurisdictions without the necessary licensing.
Founded in 2018, Bybit has quickly risen to become one of the world’s top three cryptocurrency exchanges by trading volume, serving over 20 million users. The exchange’s daily spot turnover peaked at $4.3 billion on March 4, trailing only behind Binance in terms of volume. It also boasts a partnership with Formula One’s Oracle Red Bull Racing team.
According to BitMEX Research, the fund attracted $200.7 million, marking a milestone in the burgeoning bitcoin ETF market, which saw overall net inflows of $243.4 million as Bitcoin prices teased a comeback over $72,000.
This influx positions ARKB as the third bitcoin ETF to achieve such a milestone in a single day, trailing behind BlackRock’s IBIT with $323.8 million and ahead of Fidelity’s FBTC, which recorded its lowest inflow day with just $1.5 million. The record inflows into ARKB represent a major leap from its daily average since its January 11 launch, which reflects the growing investor confidence in Bitcoin despite its recent price volatility.
Other ETFs, including Valkyrie Bitcoin ETF (BRRR), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), and VanEck Bitcoin ETF (HODL), also reported inflows, though on a smaller scale. Meanwhile, BlackRock’s data was pending at the time of reporting. Bitcoin’s price movement mirrored this influx, reaching a peak of $71,670 before slightly retracting.
Crypto analysts have pointed out the market’s fixation on short-term price fluctuations, arguing for a broader perspective on the continuous capital influx into Bitcoin ETFs as indicative of underlying market strength. Amid regulatory hurdles, especially in markets like the UK, the accessibility of Bitcoin ETFs for professional investors remains a topic of discussion, with many in the crypto community optimistic about the potential for regulatory evolution and the consequent impact on Bitcoin’s valuation.
With the U.S. Securities and Exchange Commission (SEC) preparing to make a decision on the spot Ethereum ETFs in May, excitement is building for what could be another major development in the cryptocurrency sector.
While Bitcoin’s dominance in the cryptocurrency market is unquestionable, Ethereum’s distinctive features and expanding ecosystem position it as a key player.
“We’ve all seen Bitcoin’s price soar to an all-time high over recent weeks, powered in no small part by the U.S. Securities and Exchange approval of Bitcoin ETFs and the subsequent in-flow of investment,” said Neil Roarty, analyst at investment platform Stocklytics.
“Now attention turns to Ethereum’s Ether cryptocurrency, the second largest digital asset, which is hoping to repeat the trick. Ether has risen more than 50 percent in 2024, but unlike Bitcoin, it hasn’t surpassed its 2021 high-water mark of $4,700. Word in Washington is that the SEC is looking to classify Ether as security, which could derail its hope of gaining approval for an ETF when the regulator makes its ruling in May. Such a setback will do little to shake the feeling that Ethereum will continue to play the role of Bitcoin’s bridesmaid for the foreseeable future,” Neil added.
The sentence is approximately half of what was initially sought by prosecutors, but still ranks high among prominent white-collar fraud cases. Comparatively, Bernard Madoff received a 150-year sentence for a Ponzi scheme, while Theranos founder Elizabeth Holmes was sentenced to just over 11 years.
Despite there being no parole in federal cases, Bankman-Fried could reduce his sentence to as low as 12.5 years through the First Step Act, which allows for sentence reduction for nonviolent federal inmates. Although the legislation was initially aimed at reducing prison time for minority offenders, it has notably benefited white-collar criminals as well.
Furthermore, Judge Kaplan ordered Bankman-Fried to forfeit $11.02 billion, a sum that will likely include all of his available assets. Despite the vast number of victims involved, no restitution will be pursued due to practicality concerns.
The court has recommended that Bankman-Fried be placed in a medium-security facility or any lower-security facility deemed suitable, preferably close to the San Francisco area to facilitate family visits. Following the sentencing, Bankman-Fried’s parents expressed their heartbreak and determination to continue fighting for their son.
Experts and industry react
Dan Held of Asymmetric said he views the sentence as not long enough, considering the actions and damage caused by Bankman-Fried. The FTX collapse created an $8 billion deficit, with the estate striving for full recovery in dollar terms, despite crypto term losses for many creditors.
Michael Silberberg, Head of Investor Relations at crypto hedge fund Alt Tab Capital commented. “We are focused on the crypto market, and this trial is the conclusion of a sorry episode that the market has moved on from. Enron was not a demonstration that all energy markets were fraudulent, nor was Madoff an indicator of all hedge funds. We believe in the crypto market’s robustness and support the prosecution of bad actors. We remain focused on the compensation for defrauded investors and how that will impact the market when resolved.”
The sentence has also drawn comparisons with other high-profile legal cases within and outside the cryptocurrency world. Jake Chervinsky of Variant Fund and Nic Carter of Castle Island Ventures noted the disparity between Bankman-Fried’s sentence and that of Ross Ulbricht of Silk Road, who received a much harsher penalty.
The ongoing trial of Alexey Pertsev over Tornado Cash also entered the conversation, with some community members highlighting the perceived injustice in the sentencing disparities.
– USDJPY reversed from resistance level 151.88
– Likely to fall to support level 150.00
EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year, as can be seen from the weekly EURJPY chart below. The resistance level 164.25 was strengthened by the upper weekly Bollinger Band and by the upper daily Bollinger Band. The downward reversal from resistance level 164.25 stopped the previous minor impulse wave 3 from the start of this year.
Given the strength of the resistance level 164.25 and the still overbought weekly Stochastic indicator and the rising yen inflows after the recent rate hike by the BOJ, EURJPY currency pair can be expected to fall further toward the next support level 162.00.
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The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
BlockDAG has become a frontrunner with its impressive presale success, aiming to hit the $10 mark by 2025, while MultiversX and MINA aspire to ambitious price goals of $100. Let’s delve into the details of each and explore their potential to shape the future of the crypto landscape.
Having garnered an impressive $9.9 million and sold over 5.5 billion BDAG coins, BlockDAG’s varied revenue sources and user-friendly mining options render it an appealing investment opportunity. With a well-defined roadmap and innovative mining solutions like the BlockDAG x1 mobile app, BlockDAG establishes itself as a premier option for investors interested in backing a leading layer 1 cryptocurrency project.
Exploring MultiversX: Unveiling Future Potential
MultiversX sparks excitement among crypto enthusiasts with its promising price prediction, driven by its remarkable transaction speeds and expansive technology ecosystem. With the capability to process a staggering 15,000 transactions per second at minimal costs, MultiversX’s support for developers and its 30% contract fee royalty scheme fuel optimism for its projected price of $86.8 by 2024.
Integral to the MultiversX ecosystem are the EGLD tokens, serving multifaceted functions such as staking, fee payments, and governance. The versatility and utility of EGLD tokens underscore the importance of accurate MultiversX price predictions to stakeholders and investors alike.
MINA Protocol: Ascending to New Heights?
MINA Protocol’s recent milestones, including partnerships with PunkPoll and securing $92 million in funding, underscore its commitment to blockchain privacy through zero-knowledge proofs. Positioned as a leader in addressing blockchain challenges, MINA’s current price predictions fuel optimism, with speculation surrounding its potential to reach the coveted $100 milestone.
While achieving a $100 valuation may seem ambitious, MINA’s innovative blockchain technology and strategic growth initiatives suggest a path toward this ambitious goal. However, the journey to such a valuation is contingent upon various factors, making MINA’s future a captivating subject of discussion within the crypto community.
BlockDAG’s $9.9M Presale Triumph Dominates the Crypto Market
BlockDAG’s presale performance has been stellar, amassing over $9.9 million in presale funds and selling billions of coins. This achievement signifies strong investor confidence and anticipates a significant surge post-launch. With investments pouring into BlockDAG, its transparent roadmap and ambitious $600 million goal by 2024 instil trust and reflect the team’s dedication to realising its vision.
The addition of a 10% referral bonus strategically drives growth, fostering community engagement and loyalty vital for sustaining the ecosystem’s health and growth.
BlockDAG’s 2025-30 price prediction aims for an enticing $10 target, showcasing substantial growth potential and solidifying its appeal to investors. As the crypto landscape evolves, BlockDAG emerges as a frontrunner, promising an exhilarating journey for its investors and community.
Last Line
While MultiversX and MINA showcase technological advancements and ambitious goals, BlockDAG steals the spotlight with its presale triumph and promising growth potential. The rapid sell-out of Batch 5 underscores BlockDAG’s market dominance and bright future, making it an enticing investment opportunity for those looking to capitalise on the evolving crypto landscape.
Invest In BlockDAG
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained herein.
CEO, Russell Bennett, forecasts a series of landmark announcements across Q2 and Q3, 2024. Commencing with the appointment of an advisory board. Jamie King, Dan Hibell, Elly Bradbury, and Anders Christiansen combine premium Web2-Web3 commercial nous to spearhead Metacade’s expansion across Talent, Product, Utility, and Engagement.
As blockchain games gear up to embrace one billion players, Metacade will mobilize advancements in game development. Fostering stronger bonds between games and experienced Web3 players, through immersive tournaments designed to improve gameplay.
During beta, Metacade experienced high demand for this innovative approach. “Over 60 partners joined the Metacade ecosystem in a few months. It’s evidence that games and gamers seek deeper connection,” notes newly appointed advisor Jamie King, co-founder of Rockstar Games. “Metacade’s commitment to transform tournaments into a multi-asset environment adds substantial value, offering hyper utility for holders and gamers alike. It’s a big vision, focused beyond a single cycle and I’m looking forward to guiding it.”
Proflic angel investor and Web 3 guild expert, Dan Hibell adds, “For Web3 gaming to reach mainstream adoption we have to address accessibility and usability. Gamers don’t want to pay outrageous prices for an item or wait for a node validator to process a transaction before getting their seasonal cosmetic item. Metacade exists to help builders improve these Web3 issues, the infrastructure use case is needed industry-wide.”
Metacade’s test-play tournament model is already proving successful, attracting a fast-growing community of seasoned Web3 gamers chasing rewards for early-stage feedback. “Community is the most under-valued business asset,” says former Director, Columbia Tristar and seasoned Web3 marketing advisor, Elly Bradbury. “Die-hard communities are built on value add experiences, where belonging is about believing. Metacade has invested in all the right early-stage community layers, building a super fan OG culture showing all the hallmarks of explosive brand growth.”
Next stage platform developments draw on partner insights. “Metacade is already booming,” said Bennett. “We have a thriving partner ecosystem with shared values. It’s clear our best shot at backing winners is to innovate frictionless blockchain infrastructure so that our partners can do what they do best; create and innovate.”
To meet this expansion, Metacade’s team will be strategically shaped by leading Web3 recruiter and business development expert, Anders Christiansen. With a proven track record, Christiansen has facilitated 100+ c-suite placements across the industry through his previous business Priority Crypto.
“Metacade’s novel business plan will depend on forward-thinking people with multi-disciplined experience. I’m excited to bring those leading minds to Metacade.”
About METACADE:
Metacade is a seamless Web3 Gaming platform connecting developers and players through plug-and-play community initiatives. Providing an unfair advantage through early access, dev-player collaborations, and financial rewards.
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.
This decision comes after the firm halted payouts to clients earlier in the month, citing the need for a ‘self-imposed internal audit’ amid a series of challenges. The Funded Trader claims that the migration away from MetaTrader platforms, prompted by MetaQuotes’ crackdown on unlicensed services to U.S. retail clients, has been met with operational difficulties.
The firm’s website now displays a message to its visitors, asking for their patience and promising updates on the steps towards resuming operations. A countdown timer indicates a relaunch timeline of 21 days.
Angelo Ciaramello, CEO of The Funded Trader, addressed their clients through a post on X. Ciaramello outlined plans to relaunch the brand with a new look and feel while addressing the main concerns of their community in the process.
I wanted to address you all personally. You have been the lifeblood of TFT. You have fought in battle with me day in and day out for years. You have participated in one of the greatest movements in history and have delivered to me what I dreamed of, this community.
Being in the…
— The Funded Trader (@thefundedtrader) March 28, 2024
The Funded Trader promised additional compensation to affected traders and detailed updates on the relaunch process.
The broader implications of MetaQuotes’ stricter enforcement actions have led to a suspension of services by several prop firms. The community reaction has been a mix of concern and confusion. Discussions on X reflect a sense of urgency to adapt to these changes, with timelines for compliance varying according to different sources. Some speculate that all brokers in violation of jurisdictional regulations must rectify their status by as late as June 30.
Earleir this month, James Glyde, the former chief commercial officer of Spotware Systems, launched a new prop trading firm that will depend on the cTrader platform.
Operating under the brand name “PipFarm,” the venture emerges as a direct response to the industry’s recent challenges, notably MetaQuotes’ unexpected decision to discontinue support for its MetaTrader 4 and 5 platforms for funded trader firms.
Per an official statement, PipFarm aims to offer a stable and robust platform for traders affected by MetaQuotes’ decision. Glyde remarked that the choice of cTrader was driven by its comprehensive benefits, adding that the development and beta testing phases have ensured a reliable integration.
PipFarm not only addresses the immediate gap left by MetaQuotes but also introduces enhanced expertise into the funded trader space, the statement reads.
USP, an innovative tokenized real estate investment marketplace and platform, is thrilled to announce its official launch on Republic.com/uspc, a leading crowdfunding portal. This move marks a huge milestone for USP, an incredibly-early tokenized real estate project on the Ethereum network, as well as a major win for investors across the globe seeking to tap into the lucrative world of U.S. real estate investment through cutting-edge blockchain technology.
USP’s platform democratizes access to real estate investing, enabling investors of any size and background to participate in the ownership of commercial properties. With an already robust portfolio valued at $52 million and situated throughout Southern California, USP sets a new standard in the tokenized real estate landscape.
Key Highlights of the USP Launch:
- Community Strength: USP boasts a vibrant community of over 17.3 thousand active members, underscoring the platform’s appeal and reliability as a trusted investment portal.
- Tokenized Real Estate Value: Over $52 million worth of real estate is already tokenized on the USP platform, providing a diverse range of investment opportunities for participants.
- Accessibility and Ease of Use: The platform is designed to make real estate investment accessible to everyone. With a simple account setup process that takes less than 5 minutes, users can begin buying tokens representing fractional ownership in properties.
What Sets USP Apart:
USP sets itself apart by utilizing the Ethereum blockchain to tokenize properties, enabling global investment without minimum requirements and facilitating peer-to-peer trading. This innovative approach contrasts sharply with traditional real estate investment methods like crowdfunding platforms, private equity, and REITs, which typically cater only to accredited investors with high minimum investment thresholds and offer little to no liquidity. Through this application of tokenization, USP is essentially democratizing access to traditionally inaccessible real estate assets, making it 100 times easier to become a landlord of real world assets (RWAs).
“Our launch on Republic.com is a leap forward in our mission to simplify real estate investment and make it accessible to the average person,” said Johnney Zhang, Founder of USP. “We believe in breaking down barriers to investment, and through our platform, we’re not just offering a piece of lucrative U.S. real estate; we’re offering a piece of the future.”
Investment Opportunity on Republic.com:
For a limited time, investors can contribute to the future development of the USP tokenized real estate marketplace, as well as its current real estate assets. This investment opportunity represents a stake in both the technological advancement of the USP platform and its existing tokenized real estate portfolio.
About USP:
USP is a tokenized real estate investment platform that empowers investors from anywhere in the world to invest with as little as $1. Our platform simplifies the investment process, democratizing real estate ownership and providing a secure and transparent way for users to build their portfolios. For more information about USP and to become part of this groundbreaking investment opportunity, visit their official website.
Disclaimer:The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.
Sui, the fast ascending Layer 1 blockchain offering industry-leading performance and infinite scaling, continued to demonstrate its blistering DeFi growth by cementing its place in the top ten of all chains by weekly DeFi volume, registering over $830M of trading over the most recent seven days of data available on DeFiLlama and $224M in the latest 24 hours.
The volume growth comes as the chain has amassed several DeFi milestones since the start of the year, including surging past $700M in total value locked (TVL) earlier this week – up over 1900% since October – and dominating outflows from Ethereum via Wormhole during multiple seven-day periods this year. Sui is also setting the standard for network reliability during periods of high network traffic. In the first four months of its mainnet, Sui completed 65.8M transactions in a single day—the most of any blockchain ever, while throughout its existence, the network has never had an outage or experienced degraded performance.
These milestones reflect how Sui’s underlying technology, which features an object-centric model, horizontal scalability, the increasingly popular, developer-friendly Move programming language, and recent breakthroughs such as zkLogin and zkSend, enables developers to create products that solve real-world challenges at scale.
Sui’s technology has also attracted top projects and developers which are increasingly choosing to build on Sui. Most recently, Suilend, a protocol developed by the team behind Solana’s largest lending protocol, Solend, launched in its first expansion outside the Solana ecosystem. Ondo Finance’s treasury-backed assets also recently made their way into the ecosystem, while decentralized derivatives exchange Bluefin left Arbitrum for Sui.
DeepBook, Sui’s fully on-chain order book, which is part of the Sui Protocol, has experienced a substantial volume increase in March as DeFi on the network continues to flourish. The CLOB saw over $940M in volume since the start of the month, and over $289M of trading in the last week alone, as it continues to provide deep liquidity to all DeFi protocols and traders on Sui with ultra-low, predictable transaction costs and sub-second finality.
“From the Move language to its object-centric architecture, Sui’s technology is unique in the industry and enables a level of innovation that is attracting partnerships, protocol expansions, and independent developers—all building solutions that leverage the Sui network,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s surging metrics in DeFi indicate definitively that in an industry which is currently surging and primed for cutting-edge technology and practical, real-world applications, Sui is increasingly the platform of choice.”
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.