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 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.
The breach was initially detected by on-chain security alert provider Cyvers, which promptly flagged multiple suspicious transactions linked to Prisma Finance. The attackers reportedly received initial funding from FixedFloat, leading to a rapid response from the Prisma team to pause the protocol and launch an investigation.
“We are aware of a possible exploit on Prisma. Core engineering contributors will pause the protocol and investigate. We’ll share an update and a post-mortem,” Prisma Finance wrote on X. The team also advises vault owners to revoke delegate approval as a precautionary measure.
The situation escalated as the attackers began converting the stolen funds into Ether, with the total estimated loss reaching approximately 3,257.7 ETH (worth around $11.6 million), as reported by another on-chain security firm, PeckShield.
PeckShield’s alerts also warned of scammers attempting to capitalize on the situation by impersonating Prisma Finance in the aftermath of the exploit announcement.
Prisma Finance operates a decentralized liquid staking token protocol and has been a notable player in the DeFi space with over $222 million in total value locked (TVL). This exploit comes amidst a broader context of increasing security concerns within the cryptocurrency sector, highlighted by a 15.4% rise in hacked funds in the early months of 2024 compared to the same period in 2023, as reported by blockchain security firm Immunefi.
This latest incident adds to the growing tally of crypto heists, which has seen over $200 million lost to hacks and rug pulls in just the first two months of 2024. This marks a concerning trend in the digital asset industry, which suffered a total loss of $1.8 billion to hacks and scams in 2023. North Korean Lazarus Group was responsible for the bulk of these incidents.
As a frontrunner in decentralized personal data networks, Masa Network has established a strategic partnership with LayerZero, a leading name in interoperability protocols. This partnership aims to connect different blockchains, paving the way for the development of multi-chain applications, tokens, and user experiences.
Through the integration with LayerZero, Masa Network will enable seamless data exchanges across its ecosystem, initially launching on a dedicated Avalanche Subnet and subsequently expanding to include Ethereum and Binance Smart Chain. Leveraging LayerZero’s Omnichain Fungible Token (OFT) Standard, the MASA token’s compatibility will extend to include networks like Polygon, Base, and Celo, among others, facilitating easy cross-chain token transfers.
In line with its network’s mainnet debut, scheduled around April 11, 2024, Masa plans to introduce its MASA token, emphasizing user empowerment in managing personal data in an AI-centric future. By encrypting, and storing digital footprints, and social graphs in a secure, private Zero-Knowledge Soulbound Tokens (zkSBTs) locker on the Masa Network, individuals are equipped to control, share, and monetize their data. This data can then be utilized for AI training, powering AI tools, and developing cutting-edge AI solutions, with users rewarded in MASA tokens for their contributions.
Calenthia Mei, the Co-founder of Masa, said, “Masa is thrilled to be integrating with LayerZero Labs, which has become the industry standard for interoperability. Masa wants to empower users to own, share, and earn from their data, no matter which blockchain network their data is on. With LayerZero’s support, we are excited to be cross-chain and interoperable from the very beginning.”Masa has emerged as a pivotal platform for AI training, featuring privacy-first personal data, supported by over 1.4 million unique wallets and boasting more than 37 million proprietary data points. The network offers developers access to extensive, private user data, enabling them to build advanced AI models, craft unique applications, implement decentralized marketing strategies, and more. Additionally, Masa is preparing to provide pre-built large language models that facilitate instant data searches within its ecosystem.
Simon Baksys, VP of Business of Development at LayerZero, commented “We are excited to collaborate with Masa to enhance privacy and innovation in AI development. The integration of LayerZero infrastructure with Masa’s ecosystem will enable accelerated development of personalized AI applications while ensuring user data remains private and secure.”
LayerZero stands as an innovative interoperability protocol that links over 50 blockchains, allowing developers to create cohesive omni-chain applications, tokens, and experiences. This is achieved through a strong security framework and a decentralized message transfer system. Masa Network empowers individuals to take ownership of, share, and reap benefits from their personal data, creating a scalable, secure, and comprehensive data marketplace for developers. Since its launch in August 2022, Masa has witnessed significant growth, amassing over 1.3 million unique wallets and more than 37 million proprietary data points. With over $9.2 million in funding from leading investors and backing from key accelerator programs, Masa Network is at the forefront of shaping the future of data-centric applications in the era of AI.
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.
“Success in Web3 gaming hinges on creating compelling experiences with a player-focused economy at its core,” said Ari Meilich, CEO of Big Time Studios
Big Time combines the intense combat and dynamic gameplay of action RPGs like Diablo with the vast, explorative realms of MMOs like World of Warcraft. Players are time travelers, plucked from the dying embers of the cosmos to join the ultimate crusade for mankind’s survival. The fabric of reality is tearing apart, and the epochs of history are colliding. Players fight to preserve the human legacy, in all its beauty and folly.
Players engage in hard-fought battles through procedurally generated dungeons, accomplish objectives, and collect essential resources for crafting valuable virtual goods represented by Non-Fungible Tokens (NFTs). No crypto tokens are sold, and this unique approach blends gaming excitement with the innovative world of digital collectibles: all collected in-game rather than given away or available for purchase outside the game. The only purchasable items are Time Crystals, the game’s non-crypto premium currency used for in-game activities like crafting, upgrading gear, recharging items, or accessing premium content.
“Our fair launch strategy, with no tokens for the team or investors, underscores our dedication to a player-first gaming universe, where rewards are awarded solely through gameplay,” said Meilich.
Big Time Studios levels the playing field by prioritizing the player community through this novel approach. Tokens are collected through in-game activities, preventing non-players from purchasing their way to success. This commitment to fairness and inclusivity sets Big Time apart in the Web3 and traditional gaming industries.
Big Time’s successful Preseason launch continues to shatter doubts about the viability of Web3 games, setting new standards for what is achievable. The game’s entertainment value and economic incentives have captivated highly active players, dispelling skepticism and showcasing the immense potential of Web3 gaming.
“We are a game company, first and foremost,” Meilich stated. “Our biggest priority is delivering an amazing game with immersive gameplay. Players want entertainment value and a game that is Twitch-worthy. This approach has differentiated us, and in light of its recent successes, signals we’re taking Web3 gaming in the right direction,” said Meilich, emphasizing Big Time Studios’ dedication to delivering high-quality game experiences.
Looking ahead, new features and updates will further enhance the immersive gaming experience and ensure that Big Time continues to lead the Web3 gaming industry.
For early access and to dive into the adventure that awaits in Big Time, users can simply join the Big Time Discord community and ask for an access code.
About Big Time Studios
Founded in 2020, Big Time Studios has become a leader in Web3 gaming with its main title, “Big Time,” a multiplayer action RPG that combines fast-action combat and adventures through time and space. Unlike typical Web3 games, it empowers players by distributing tokens directly in the game, avoiding sales to investors or team allocations. The game’s preseason launch in October led to a $37 million revenue in Q4, with projections of $80 million for Q1, highlighting its success and the company’s significant impact on digital gaming. Big Time Studios continues to lead in innovation within the Web3 gaming sector.
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.
The number of daily active crypto traders in Western Europe fluctuates between 1.2 million and 1.5 million, according to a report published by Bitget Research, the analytical division of the global cryptocurrency exchange.
According to the report, Germany and France are at the forefront of this activity, with Austria recording a staggering 70% growth in crypto trader numbers from December 2022 to December 2023, indicating a vibrant and expanding market.
P2P trading is unpopular in Western Europe
The in-depth study reveals that the region is marked by significant trading volumes, a strong presence of DeFi (Decentralized Finance) activities, a regulated environment, and a comparatively lower inclination towards P2P (Peer-to-Peer) trading platforms.
The paper further indicates that Western Europeans’ approach to cryptocurrency investments sees them engaging in both contracts and spot trading, with a strong inclination towards mainstream assets, but also involvement in decentralized projects, NFTs (Non-Fungible Tokens), and Web3 platforms.
P2P trading volumes, however, remain significantly lower than other forms of cryptocurrency transactions. Bitget Research attributes this to the prevalent method of acquiring digital assets through fiat deposits or card-linked purchases, contrasting with regions like South East Asia where P2P trading is more common.
Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten. Among decentralized platforms, PancakeSwap and Uniswap emerge as favorites, with Coinbase Wallet, Metamask, Bitget Wallet, and TrustWallet being the go-to wallets across the region.
The report concluded by predicting a rising interest in on-chain solutions, particularly NFTs, DEXes, and blockchain games, with the expectation that one to two blockchain projects led by Western European teams will emerge as leaders in their respective sectors.
IOSCO warns of misconceptions surrounding decentralization of DeFi
The International Organization of Securities Commissions (IOSCO), the global standard setter for securities markets, recently released nine policy recommendations for consultation, aimed at addressing market integrity and investor protection concerns within the DeFi space.
These recommendations cover six key areas, aligning with the IOSCO Objectives and Principles for Securities Regulation, along with relevant supporting standards, recommendations, and best practices. The areas of focus are as follows:
Understanding DeFi Arrangements and Structures: Establishing a clear understanding of the diverse range of DeFi structures and their implications.
Achieving Common Standards of Regulatory Outcomes: Ensuring that regulatory outcomes are consistent and harmonized across different jurisdictions.
Identification and Management of Key Risks: Identifying and mitigating the significant risks associated with DeFi.
Clear, Accurate and Comprehensive Disclosures: Promoting transparency through clear and comprehensive disclosures.
Enforcement of Applicable Laws: Ensuring that DeFi platforms and participants adhere to relevant laws and regulations.
Cross-Border Cooperation: Encouraging collaboration among regulatory authorities across borders to address global DeFi challenges.
One crucial aspect highlighted by IOSCO is the misconception surrounding the decentralization of DeFi. Despite the autonomy associated with DeFi protocols and smart contracts, “responsible persons” can be identified. These individuals, whether legal entities or natural persons, are seen as key actors who should bear responsibility for upholding investor protection and market integrity.
Tuang Lee Lim, Chair of IOSCO’s Board-Level Fintech Task Force, commented: “Our recommendations are therefore predicated on the need to identify these persons, whether legal or natural, who should bear responsibility for upholding investor protection and market integrity.”
IOSCO has opened the recommendations for public consultation, seeking input from industry stakeholders and experts. The organization aims to finalize the DeFi recommendations by the end of 2023, in line with its Crypto-Asset Roadmap established in July 2022. This effort is intended to work in conjunction with IOSCO’s existing recommendations for Crypto and Digital Assets (CDA).
As the DeFi landscape continues to evolve and gain prominence in the financial world, regulatory initiatives like these from IOSCO are crucial in providing clarity, consistency, and investor protection within the decentralized finance ecosystem.
According to Dubravko Lakos-Bujas, JPMorgan’s chief equity strategist, there’s a potential “surprise” shock looming over the stock market, as reported by Bloomberg. Lakos-Bujas pointed out a historical trend where gains in popular momentum stocks like NVDA are often followed by corrections. This pattern has manifested itself three times since the 2008 global financial crisis.
Lakos-Bujas elaborated during a webinar, stating, “One day this may happen completely unexpectedly. This has happened in the past; we’ve had flash collapses. One large fund starts cutting some positions, a second fund hears this and tries to reposition, a third fund is basically caught off guard, and then, you know, we start to unwind more and more momentum.” He highlighted the potential for innovation in artificial intelligence as a significant source of surprise, underscoring the diminishing opportunities and growing risks in the background.
A technical analysis of NVDA shares reveals the following:
→ The price has been following an upward trend, delineated by the blue channel.
→ Yesterday’s close brought the price down to its median line.
→ The $960 level appears to pose a significant resistance.
With the all-time high reaching approximately 100% of NVDA’s share price at the beginning of the year — effectively doubling in less than 3 months — a correction seems inevitable in this highly volatile market. It’s plausible that NVDA’s price may retreat to the lower boundary of the channel and test the psychological level of $800 per share.
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A Federal Court in Australia has found Vanguard Investments Australia in breach of law due to misleading environmental, social, and governance (ESG) claims regarding its Vanguard Ethically Conscious Global Aggregate Bond Index Fund.
Justice O’Bryan stated Vanguard violated the ASIC Act by disseminating false or misleading information about the ESG exclusionary screens of its bond index fund through various channels including product disclosures, media releases, website statements, a YouTube interview, and an online presentation.
Vanguard had previously acknowledged its conduct misled the public through false representations. The court has scheduled a hearing on 1 August 2024 to decide the penalty for Vanguard’s actions.
Vanguard manages over $1 billion in ESG fund
The misleading claims centered around the application of ESG exclusionary screens to the fund, which were purported to omit companies with significant operations in certain industries, such as fossil fuels. Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.
This case serves as a critical reminder of the importance of truthful representation in sustainability-related offerings, with Vanguard managing over $1 billion in the fund as of 26 February 2021. ASIC continues to guide firms with resources like Information Sheet 271 and Report 763 to prevent greenwashing and promote genuine sustainable investment practices.
ASIC Deputy Chair Sarah Court said: “By Vanguard’s own admission, it misled investors on a number of its claims. In this case, Vanguard promised its investors and potential investors that the product would be screened to exclude bond issuers with significant business activities in certain industries, including fossil fuels, when this was not always the case. As ASIC’s first greenwashing court outcome, the case shows our commitment to taking on misleading marketing and greenwashing claims made by companies in the financial services industry. It sends a strong message to companies making sustainable investment claims that they need to reflect the true position.”
ASIC filed the lawsuit against Vanguard last year after first fining the firm AU$40,000. The fund was marketed to investors seeking, amongst other things, securities with an ethically conscious screen: investments held by the fund were based on an index called the Bloomberg Barclays MSCI Global Aggregate SRI Exclusions Float Adjusted Index. Vanguard claimed the Index excluded issuers with significant business activities in a range of industries, including those involving fossil fuels.
The Australian regulator found that the index included at least 180 bonds (from 42 issuers) and the fund included at least 27 bonds (from 14 issuers) that exposed investor funds to investments with ties to fossil fuels, including those with activities linked to oil and gas exploration.
Crypto exchange operator BitMEX has expanded its partnership with RegTech firm Solidus Labs have announced an expansion of their partnership to enhance cross-market surveillance on the trading platform.
Built on an initial focus on transaction monitoring since October 2022, the relationship now aims to integrate Solidus’ HALO platform into BitMEX. HALO, a crypto market integrity hub, will improve BitMEX’s ability to detect potential abusive behaviors in its Spot and Derivatives markets.
Solidus’ HALO platform is designed to monitor a variety of markets for unusual or suspicious trading activity using machine learning-powered surveillance detection models. This extended partnership between BitMEX and Solidus Labs represents a significant step towards enhancing the safety and integrity of crypto trading, benefiting both platforms and their users by offering more robust surveillance and detection capabilities.
HALO is currently used to monitor over 250 million events and $16 trillion in on- and off-chain trading volume per day across more than 150 markets, protecting more than 25 million individual and institutional investors. EDX Markets recently tapped HALO as its transaction monitoring solution.
Smoothly and safely scale trade surveillance across increased trading volumes
Julian Tehan, Chief Compliance Officer of BitMEX, said: “Our commitment to providing a secure and compliant trading platform remains unwavering. The extension of our partnership with Solidus Labs reflects this commitment as we continue investing in our compliance program and protecting the integrity of our markets. The further enhancement of our existing trade surveillance capabilities will serve to safeguard our platform, prevent market abuse, protect our customers, and help us meet evolving regulatory expectations.”
Asaf Meir, Founder and Chief Executive of Solidus Labs, added: “The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches. We are proud to stand alongside BitMEX as a partner, providing cutting-edge tools and insights to navigate these exciting developments and contribute to the maturation of the crypto market.”
HALO addresses “triple T”
It was in 2022 that Solidus Labs first introduced HALO to the market. The platform addresses crypto-specific challenges like new market structures, volatility, volumes, data types, decentralized services, trading dynamics, crypto-native market abuse typologies – and evolving business and regulatory demands.
The platform addresses the “triple T” pillars of market integrity in the crypto and DeFi space – trade surveillance, transaction monitoring, and threat intelligence, with the following modules:
Trade Surveillance: HALO’s comprehensive market surveillance tools ensure market integrity by benchmarking abnormal crypto orders and execution patterns against the market norm, to alert businesses and networks on potential breaches of trading rules or unusual market volatility. HALO users can easily customize detection model sensitivity and backtest against real data in order to meet the needs of quickly evolving regulatory and compliance landscapes.
Transaction monitoring: HALO’s continuous real-time monitoring of crypto and fiat transactions offers unprecedented blockchain-native capabilities and enables detecting, investigating and reporting suspicious crypto deposits and withdrawals for anti-money laundering (AML), sanctions, and financial risk compliance.
Threat Intelligence: Relying on a built-in onboarding verification tool, powerful integrations and crypto-native infrastructure, HALO’s Universal Client Risk Profile aggregates risk across the entire investment journey and multiple markets – from onboarding to trading, post-trade and everything in between. Synthesizing numerous signals into a single threat intelligence hub, HALO surgically surfaces overlooked threats in crypto and DeFi services, enabling businesses to act upon them in real time.