Binance, the world’s largest cryptocurrency exchange, has denied responsibility for the recent hack of the Indian cryptocurrency exchange WazirX. This comes after WazirX made misleading statements regarding the nature of its relationship with the global exchange giant. 

In the wake of the hack, WazirX suggested that Binance could be responsible for compensating affected users. WazirX cited claims that Binance had acquired and controlled the Indian exchange. However, Binance has firmly rejected these assertions.

WazirX Should Compensate its Users

In a blog post, Binance expressed disappointment with WazirX’s attempts to shift blame and clarified the nature of their association. Binance acknowledged providing wallet services to WazirX but denied any ownership or operational control over the exchange. The Indian exchange had implied that Binance’s involvement could make them liable for compensating users affected by the hack. 

Binance, however, stressed that security and fund management responsibilities lie squarely with WazirX. In its blog post, Binance urged WazirX to take responsibility for the security breach and compensate users who lost funds under their management. As investigations continue, all eyes are on WazirX to see how the exchange will address the issue. For now, WazirX has abandoned its hack remedial plans.

Binance Officially Terminated Relationship With WazirX

Last year, WazirX continued its verbal tug-of-war with Binance over its ownership. As a result, Binance declared that it would not provide wallet services for WazirX and its customers. The digital asset service provider mandated that WazirX withdraw all its funds from the exchange. 

The feud began in 2022 when Nischal Shetty, the co-founder of WazirX, made a public announcement stating that Binance had acquired its trading platform. However, Changpeng Zhao, the ex-CEO of Binance, argued that his company “never completed” the acquisition deal. Hence, they were just partners and nothing more.

Attempting to clarify their relationship, CZ said the exchange was only responsible for providing WazirX with wallet service and an off-chain transaction solution.

About WazirX $230M Hack

Recall that Ethereum’s WazirX Safe Multisig wallet faced a major attack in July. As reported by TheCoinRise, approximately $234.9 million worth of funds from the Safe Multisig wallet were transferred to a new address. Tornado Cash, a decentralized protocol that enables private transactions, funded each transaction.

Meanwhile, Polygon Labs CEO Mudit Gupta suggested that the nature of the hack suggests North Korean cybercriminals are the likely culprits. WazirX temporarily suspended withdrawals of both cryptocurrencies and Indian rupees on its platform. However, the incident sent shockwaves through the Indian crypto community. Many highlighted the need for strong security measures in protecting digital assets.

Not long after, the exchange launched a bounty program aimed at freezing and recovering stolen assets. Nishal Shetty also reached out to over 500 exchanges to block the addresses associated with the stolen funds.

The post Binance Denies Responsibility for $230M WazirX Hack appeared first on TheCoinrise.com.

DBS, the biggest bank in Singapore, has officially announced that it will introduce over-the-counter (OTC) trading options and structured notes. This new initiative will be linked to Bitcoin (BTC) and Ethereum (ETH) and exclusive to institutional investors and wealthy clients. 

Remarkably, this advancement makes DBS the first Asian bank to provide financial products tied to the value of the top two cryptocurrencies by market value. It is important to note that only eligible institutional clients and accredited clients of DBS Private Bank and DBS Treasures private clients will have access to these financial products. 

Accredited Clients to Earn Yield and Hedge Volatility

In the detailed announcement, DBS shared that this initiative, slated to kick off by the fourth quarter of 2024, is to provide easy access and seamless trading options. The bank noted that clients may diversify their investments by trading security tokens on DBS Digital Exchange (DDEx). 

Now, eligible clients looking to expand their exposure to these asset classes can opt for options trading and structured notes. Clients also can earn a yield on fiat or receive the underlying cryptocurrencies. However, this depends on the product’s design and virtual asset price fluctuations.

Interestingly, eligible clients holding Bitcoin and Ethereum with DBS can safeguard their positions against market fluctuations. They can also generate yield through different options strategies. 

DBS Drives Innovation with Expanded Crypto Solutions 

Jacky Tai, DBS’s Group Head of Trading and Structuring, highlighted that these initiatives are part of the bank’s strategy to deliver cutting-edge financial solutions. It is to ensure clients have the tools they need to succeed in an increasingly digital financial landscape.

In 2022, the leading Singaporean consumer bank launched a self-directed crypto trading function on its DBS digibank mobile app. These financial products are designed to offer clients an additional avenue to invest in digital assets.

Paving the Way for Crypto Adoption in Asia

DBS’s launch of these new financial products aligns with the rapid growth in the cryptocurrency market. In the first five months of 2024, the total market capitalization of cryptocurrencies rose by 50%. During this same period, DBS’s DDEx saw a nearly tripled asset trade value and an 80% surge in assets held, with a 36% rise in active clients.

DBS’s entry into crypto-related financial products aligns with the trend of leading financial institutions embracing Bitcoin and cryptocurrency services. This step is anticipated to enhance Bitcoin’s credibility as an asset class among institutional investors in Asia and boost its acceptance in the mainstream within the region.

The post DBS To Launch Bitcoin Options Trading for Institutional Investors appeared first on TheCoinrise.com.

dYdX, a leading decentralized exchange (DEX) for perpetual futures, is gearing up to expand its offerings by listing perpetual futures in prediction markets. This bold move is part of its upcoming “unlimited upgrade,” set to roll out later this year. The platform aims to tap into the growing interest in prediction markets, which have the potential to reshape decentralized finance (DeFi).

In a recent interview, dYdX Foundation CEO Charles d’Haussy expressed confidence in this new direction. He stated that the prediction market space offers a unique opportunity for DeFi to regain its momentum. By incorporating perpetual futures into this space, dYdX hopes to attract a broader audience, from crypto enthusiasts to those interested in forecasting political, financial, and sports outcomes.

Revitalizing DeFi with Prediction Markets

The impending upgrade is poised to be a game-changer for dYdX. One of the most significant new features will be the permissionless listing of markets. This allows users to create and trade on prediction markets without central approval. Another key aspect of the upgrade is the introduction of a master liquidity pool called MegaVault. 

This pool will act as a centralized liquidity source for all markets, ensuring deep liquidity and reducing traders’ slippage. dYdX believes this will support the influx of new users and the variety of markets expected to emerge post-upgrade. Undoubtedly, the expansion is about increasing trading options and revitalizing interest in DeFi. 

dYdX Community Votes to Strengthen Security

Recall that the dYdX community approved the staking of 20 million DYDX tokens to enhance security measures on the decentralized crypto exchange. With about 91.7% votes in favor, the proposal passed on April 6 has allowed the staked tokens to be entrusted to the liquid staking protocol Stride. 

The decision to stake the tokens aims to fortify the network against potential control attacks. Likewise, it underscores the community’s commitment to reinforcing the DEX’s security and resilience amidst its growing prominence and trading activity.

Moreover, with two-thirds of the voting power, malicious actors could misuse user deposits and community assets within the dYdX chain. To counter such threats, the community recognized the importance of decentralizing voting power to prevent exploitation.

Bitoro Debuts Perpetual Futures Trading

A few months ago, Bitoro debuted on the Injective network, increasing its presence in decentralized finance. Notably, the decentralized perpetual futures trading protocol is available on networks including Avalanche, Arbitrum, Optimism, Mantle, and Base.

In the Bitcoin industry, perpetual futures contracts are useful instruments. Perpetual futures contracts differ from regular ones because traders can keep their positions open forever. The deployment of multiple Bitoro perpetual futures trading protocol networks highlights its dedication to offering trading solutions throughout the DeFi ecosystem.

The post dYdX to Dive Into Prediction Markets as Part of Major Upgrade appeared first on TheCoinrise.com.

Imagine doubling your investment with just a few clicks. Sounds too good to be true? Not this time. For a limited time, you have the chance to double your crypto holdings with an incredible offer from MoonBag that’s taking the market by storm. By combining two powerful bonuses, you can secure 100% more coins on your purchase, drastically reducing the cost per coin and setting yourself up for a potentially massive return. 

Let’s explore how you can take advantage of the MoonBag exclusive deal and watch your investment grow.

Unlock 100% Bonus on Your Crypto Purchase – Double Your Coins Instantly!

With MoonBag, you can take advantage of an exceptional offer to boost your coin purchase. By combining a 50% referral bonus with a 50% bonus code, you unlock a total of 100% extra coins. This means that by using a referral code along with the bonus code MBAG50, you effectively double the amount of coins you receive. The price per coin drops from the standard $0.0005 to just $0.00025, making it a fantastic opportunity to maximize your investment.

MoonBag’s referral and bonus system is designed to reward community participation, allowing users to not only grow their assets but also benefit from the network’s expansion. It’s an unbeatable way to get more value for your money, with minimal effort – simply combine the referral and bonus codes, and you’re ready to enjoy double the coins for half the price.

How will you unlock a 100%  bonus?

Here’s the breakdown:

Apply a referral code through this LINK for a 50% bonus on your coin purchase.

Enter the MBAG50 bonus code to get another 50%.

Combine both codes and boom – 100% more coins for your investment!

Make sure you’ve applied both codes correctly to get your full bonus. 

Boosted Liquidity Means a Safer Bet

Crypto markets can be unpredictable, but MoonBag is prepared to ensure stability. To support the 100% coin bonus, MoonBag is doubling its liquidity allocation from 20% to 40% of all raised funds. This strategic move strengthens the platform’s financial foundation, helping to mitigate volatility and maintain steady market conditions, especially as more users take advantage of the bonus offer.

For investors, this means greater confidence as MoonBag approaches the October 11th launch. With increased liquidity, MoonBag ensures that the market remains stable, providing a solid environment for growth. 

Speeding Through Presale Stages – Why You Need to Act Fast!

Time waits for no one, especially in the world of crypto! This bonus is designed to accelerate presale stages, meaning the earlier you invest, the more you stand to gain. With every bonus coin distributed, MoonBag pushes through the stages faster, and as the presale progresses, the price per coin rises.

The opportunity to double your coins won’t last forever, and with the October 10th deadline approaching, it’s a race to lock in your gains at the best price.

Referral Leaderboard – Keep Climbing for Even Bigger Rewards

MoonBag referral leaderboard is still running strong, so don’t forget to share your code. The more friends you refer, the higher you’ll climb, and the bigger your rewards. And with this 100% bonus offer, your referrals will be more excited than ever to get involved.

Why MoonBag Presale Is Your Best Bet Right Now

With the 100% bonus, liquidity boost, and faster presale progression, MoonBag is one of the most promising crypto opportunities. Whether you’re new to investing or a seasoned pro, the combination of free coins, market stability, and accelerated presale stages means you’re getting the most out of your investment.

This offer ends on October 10th, so if you’re ready to turn $1,000 into $12,000, now’s the time to act and become a part of the legendary presale of the year 2024.

Invest in MoonBag Presale 

Presale: https://moonbag.org/presale

Whitepaper: https://moonbag.org/documents/whitepaper.pdf

Twitter: https://twitter.com/Moonbag_org

Telegram: https://t.me/MoonBag_official

 

The post Maximise Your Investment: Get 100% More Crypto with This Limited-Time Deal appeared first on TheCoinrise.com.

EMURGO, a key blockchain technology within the Cardano ecosystem, has entered into a strategic alliance with Zilliqa Group, a Web3 and metaverse-based venture builder. This partnership aims to enhance interoperability between the Cardano and Zilliqa blockchains, which could lead to increased efficiency, innovation, and growth within the crypto ecosystem.

Partnership Based on Mutual Benefits 

A detailed press report disclosed that the EMURGO-Zilliqa collaboration is focused on interoperability and liquidity. The team effort is centered on enhancing the connectivity and functionality of both the Cardano and Zilliqa ecosystems. 

These aspects combined seek to enhance the economic security of both blockchains. It is set to make them more resilient, interconnected, and scalable for the future of Web3 and decentralized governance.

Furthermore, the collaboration aims to create a bridge between Cardano and Zilliqa, allowing assets, information, and value to flow seamlessly across the two networks. This will enable applications and users from both ecosystems to interact, fostering broader adoption of Web3 technologies. 

The partnership focuses on creating interoperable liquidity channels in terms of liquidity. This means that assets from both networks can move freely within the blockchains. This is designed to increase liquidity for decentralized finance (DeFi) applications. It will also provide more resources for transactions, reduce slippage, and increase the stability of trading markets​. 

Zilliqa 2.0, the next major upgrade for the Zilliqa blockchain, is designed to supercharge Cadano’s performance and make the network more accessible for developers and enterprises. 

It is designed to position Cardano as a key player in the broader Web3 space by facilitating quicker, more scalable interactions between multiple blockchains​.

Empowering the Cardano through Community-led Governance 

In this partnership, community participation plays a vital role in shaping Cardano’s decentralized governance. Zilliqa Group has joined Intersect, a community-driven organization focused on Cardano’s governance. 

This inclusion will allow Zilliqa, who launched a gaming console in 2022, to actively contribute to decision-making processes and policies shaping Cardano’s ecosystem’s future. By involving the Zilliqa community, the alliance will promote a more distributed and inclusive governance model that reflects the broader Web3 ethos of decentralization​.

Cardano Blockchain Records Massive Growth

Impressively, Cardano’s blockchain has seen exponential growth. It now boasts 1,373 active projects, 1.33 million wallets, and 10.36 million tokens. Additionally, it has 165,546 active token policies, ensuring good governance and control over assets on its network. 

Earlier this month, the layer-1 blockchain ushered in the “Voltaire Era” with the launch of Chang hard fork, a community-led governance. Shortly after, Cardano joined efforts with Hedera and Ripple to form a Decentralized Recovery (DeRec) Alliance. This was established to simplify the recovery of digital assets through an open-source protocol.

The post EMURGO and Zilliqa Unites to Elevate Cardano’s Web3 Ecosystem appeared first on TheCoinrise.com.

WalletConnect, a popular open-source protocol used by decentralized applications (dApps) for seamless wallet interaction, is set to launch its native Connect Token (WCT) on Optimism’s OP Mainnet. According to the announcement, this launch marks a significant development for the project and deepens the protocol’s integration within the Ethereum (ETH) ecosystem and scaling solutions.

As part of its distribution strategy, about 185 million WCT tokens will be airdropped to eligible users. The airdrop is an initiative to reward the platform’s loyal user base and incentivize future network participation. 

Key Details of the WCT Tokens Airdrop

The total supply for the airdrop will be distributed among users based on specific criteria related to their engagement with the WalletConnect network. Meanwhile, registration for the WCT airdrop will officially open on September 24. WalletConnect users can sign up and check their eligibility once the registration portal is live. 

To register, users must connect their wallet, link their GitHub accounts, and provide an email address. To be eligible for the airdrop, you must have an ETH address, be actively engaged with WalletConnect, or have contributed to open-source projects. Note that using sanctioned wallets or IP addresses will result in disqualification.

Looking Ahead

By October 11, the season 1 airdrop will end, and token distribution will begin. Any unclaimed token will be kept for future airdrop seasons. However, those unqualified for the season 1 airdrop can fix whatever needs to be fixed to be qualified for subsequent seasons. According to WalletConnect CEO Jess Houlgrave, the WCT tokens can not be transferred but can be used for staking and governance for the main time. 

Notably, the launch of Optimism opens new avenues for scalability while ensuring a more efficient and user-friendly experience. Recall that Robinhood intends to list Optimism crypto for its European Union users. Robinhood recognized the growing significance of cryptocurrencies and the evolving preferences of traders.

Polygon Launches POL Token Contract on the ETH Network

Last year, Polygon, a leading blockchain scaling and infrastructure development platform, launched its POL token contract on the ETH network. With the launch of the POL token contract dubbed “Polygon Ecosystem Token,” Polygon aims to strengthen its position.

Furthermore, the integration allows Polygon to explore alternative token usage, governance, and utility avenues. The move is also a step towards replacing its native token, MATIC, in the future. The launch enables Polygon to offer its users enhanced functionality and decentralized applications (dApps) while benefiting from ETH’s established ecosystem.

The post WalletConnect to Launch Native Token on Optimism’s OP Mainnet appeared first on TheCoinrise.com.

In the first part of 2024 – NEARMP is excited to announce the launch of their innovative beta version o cloud mining platform, designed to provide users with the opportunity to engage with NEAR cryptocurrency mining in a secure and simplified way. Through the NEARMP platform, users can deposit NEAR tokens and receive daily rewards in USDN, a stablecoin pegged to the U.S. dollar, shielding participants from fluctuations in NEAR’s market value.

NEARMP eliminates the technical complexities of traditional cryptocurrency mining, providing users with an accessible entry point to participate in the mining process. Participants can start receiving daily rewards with a minimum deposit of just 0.1 NEAR. The platform’s system automatically converts NEAR deposits into USDN, providing stability and ensuring that users receive consistent, predictable outcomes, regardless of the volatility of NEAR’s price.

The platform features an intuitive interface that allows users to track their progress and access a wide range of metrics, including transaction history, wallet balances, and mining activity. This comprehensive dashboard gives users full transparency and visibility into their mining operations, helping them stay informed about their activity on the platform.

NEARMP enhances the user experience by offering a unique leveling system that allows participants to increase their engagement. As users progress through different account levels, they unlock additional benefits, including an increased percentage of daily rewards from mining blocks. The higher the level, the more significant the potential benefits, giving participants an incentive to remain active on the platform over time.

Security is a cornerstone of NEARMP’s operations. Partnering with TrustWallet, a leading cryptocurrency wallet provider, NEARMP ensures that user accounts are safeguarded by advanced security measures. All transactions on the platform are conducted via blockchain, ensuring transparency and reliability. Additionally, NEARMP offers two-factor authentication (2FA) to provide an extra layer of protection for user accounts, ensuring their personal data and activity are kept secure.

The platform also includes a referral program, enabling users to invite others to join NEARMP and benefit from the collective activity. The three-level referral structure rewards participants based on the engagement of their direct and indirect referrals, creating an additional avenue for users to benefit from the platform. This system fosters community growth and expands the platform’s participant network.

NEARMP’s business model is built on both Proof of Work (PoW) and Proof of Stake (PoS) protocols. This combination ensures both high levels of security and efficient management of the platform’s mining operations. NEARMP collects a small percentage of the NEAR mined through its servers, while the rest is distributed to users. PoW adds a high degree of security by requiring significant computational effort, while PoS provides faster transaction processing and lower energy consumption.

About NEARMP

NEARMP is a cloud mining platform built on the NEAR cryptocurrency, offering users a simplified and secure way to participate in the mining process. Through its unique system of converting NEAR deposits to USDN stablecoin, NEARMP ensures consistent rewards while protecting users from market volatility. The platform offers an array of features, including a leveling system, referral program, and enhanced security measures. NEARMP continues to innovate with plans to introduce staking for other cryptocurrencies and the launch of its own digital currency, NMP.

The post NEARMP.net Launched Official Cryptocurrency Cloud Mining Node for NEAR appeared first on TheCoinrise.com.

BlackRock’s iShares Bitcoin Trust (IBIT), one of the top spot Bitcoin exchange-traded fund (ETFs), recorded its first daily net inflows since August 26. After enduring 11 consecutive trading days of stagnant flows and a few outflow days, the fund attracted $15.8 million in fresh inflows on Monday.

Before this, the IBIT ETF had experienced its longest stretch without positive inflows since spot Bitcoin ETFs began trading in January 2024. Net outflows were reported on August 29 and September 9, further adding to the market uncertainty.

Bitcoin ETFs Record Modest Inflow

Monday’s inflows, while a positive sign, were modest compared to the $263.2 million recorded just the previous Friday. Additionally, trading volumes for Bitcoin ETFs dipped, with activity falling to $1.1 billion from $1.8 billion.

The broader ETF market also saw some positive movement. Fidelity’s FBTC, Franklin Templeton’s EZBC, and VanEck’s HODL recorded net inflows of $5.1 million, $5 million, and $4.9 million, respectively.

This helped bolster optimism among investors, even as Grayscale’s spot Bitcoin ETF, GBTC, reverted to net outflows. GBTC saw $20.8 million leave the fund after a brief inflow of $6.7 million on Friday. However, Grayscale’s mini product BTC saw a $2.8 million uptick, partially offsetting the losses.

Despite these fluctuations, BlackRock’s IBIT ETF remains the dominant player in the spot Bitcoin ETF space, with total net inflows of $20.9 billion since its January debut. Fidelity’s FBTC is a distant second, with $9.6 billion in net inflows, while Grayscale’s GBTC has been struggling with over $20 billion in outflows.

Across the board, spot Bitcoin ETFs have accumulated a combined net inflow of $17.3 billion in 2024.

Ethereum ETFs Face Persistent Outflows

In contrast to Bitcoin, spot Ethereum ETFs are facing more challenging market conditions. On Monday, these funds saw a collective net outflow of $9.4 million, a stark reversal from the $1.5 million inflows observed just days earlier.

BlackRock’s Ethereum product, ETHA, did lead the charge with $4.2 million in new inflows, but this wasn’t enough to counteract the $13.8 million that left Grayscale’s converted ETHE fund.

Overall, spot Ethereum ETFs have struggled since their launch in July, accumulating $590.8 million in net outflows. The majority of these outflows, around $2.7 billion, have come from Grayscale’s ETHE product. Meanwhile, other Ethereum funds have managed to attract $2.1 billion in net inflows, but concerns remain about sustained investor interest in the space.

The post BlackRock’s IBIT Sees First Net Inflows in Weeks, Ethereum ETFs Struggle appeared first on TheCoinrise.com.

Sui Network, a prominent layer-1 blockchain, has announced the integration of native USD Coin (USDC) and the Cross-Chain Transfer Protocol (CCTP) to enhance its scalability and interoperability. This development is expected to significantly expand the utility of Sui’s ecosystem, particularly in decentralized finance (DeFi), gaming, decentralized infrastructure, and e-commerce sectors.

According to a press release shared on Sept. 17, with USDC integration, Sui Network will allow its users and developers to leverage the stablecoin for digital dollar-backed financial products. By providing access to native USDC, Sui aims to streamline liquidity management for projects operating within its ecosystem. Sui emphasized its intention to collaborate closely with ecosystem applications to gradually transition liquidity from bridged USDC to the native version, while still maintaining the Wormhole Portal bridge for smooth operations.

Circle’s Support for Sui Builders

Circle, the issuer of USDC, is also playing a key role in this initiative. Nikhil Chandhok, Circle’s chief product officer, expressed excitement about the collaboration, stating that the partnership with Sui will allow builders to deliver more blockchain-based utilities, creating a more efficient payment experience on Sui and other blockchain platforms.

In preparation for the transition, the Ethereum-bridged version of USDC will be renamed “wUSDC” on block explorers. This strategic shift ensures that Sui remains aligned with Circle’s broader cross-chain goals, making the integration of USDC more seamless for developers and users alike.

Just two days back, Circle partnered with Sony Block Solutions Labs to increase the adoption of USDC.

Sui Network’s Recent Momentum

This latest move comes shortly after Grayscale Investments opened its Sui Trust to qualified investors. The Trust provides exposure to Sui and other cryptocurrencies, expanding Grayscale’s portfolio and giving institutional investors more access to the network. This development has further fueled optimism around Sui Network’s growth prospects.

Sui has seen a resurgence in its total value locked (TVL) in recent months. After experiencing a drop from $1.08 billion in May 2024 to $516 million by early August, Sui’s TVL has now rebounded to over $700 million, making it the 10th largest blockchain in terms of TVL, according to data from DefiLlama.

Currently ranked as the 27th largest cryptocurrency by market capitalization, Sui’s token is trading at around $1.09, reflecting a 17% price increase over the past week, based on CoinMarketCap data.

The post Sui Network Integrates Native USDC and Cross-Chain Transfer Protocol appeared first on TheCoinrise.com.

Donald Trump’s highly anticipated appearance on X Spaces on September 16 didn’t fully deliver on the promise to launch World Liberty Financial — his family’s new crypto platform. While billed as a “State of Crypto address,” Trump speech focused more on his political aspirations and only briefly touched on cryptocurrency, leaving many attendees waiting for the key announcement.

Trump Talks About Assassination Attempt

The former President, who had just survived an apparent assassination attempt the previous day, opened the livestream by addressing the incident. Though he hinted at discussing crypto, it took around 16 minutes before he made any mention of it, stating:

“We’re going to make our country greater than ever before, and you’re going to be happy, and you’re going to love your crypto.”

Beyond that, however, Trump provided no substantial details on the new platform or its token.

WLFI Token Details

It wasn’t until over two hours into the livestream that Zak Folkman, one of the project’s leaders, stepped in to provide more specific information. Reading from a prepared statement, Folkman confirmed that World Liberty Financial would introduce a token named WLFI. These tokens would serve solely as governance tokens, granting holders the right to make proposals and vote on decisions concerning the platform.

Folkman clarified that WLFI tokens by Trump would be non-transferable and available for sale only to accredited investors in the U.S., who would need to undergo verification to participate. Non-U.S. investors could also potentially join in a future sale, though they would be subject to local restrictions.

As for token distribution, Folkman stated that 63% of the WLFI tokens would be available to the public, with no pre-sales or early buy-ins for venture capital firms. Meanwhile, 20% of the tokens would be allocated to the platform’s team and advisers, with the remaining 17% set aside as user rewards.

This allocation appears to deviate from an earlier draft of the white paper, which suggested that 70% of the token supply would go to the team.

Details about the World Liberty Financial platform itself remained scant during the event. However, earlier reports suggested that the platform would focus on decentralized finance (DeFi) services such as borrowing and lending.

The entry of Trump into the crypto space marks a major shift from his previous stance in 2019, when he criticized cryptocurrency as having value “based on thin air.” Since then, he has embraced the industry, selling NFT collections and accepting crypto for campaign contributions, positioning himself as a “crypto president.”

The post World Liberty Financial by Trump Launched with Governance Token WLFI appeared first on TheCoinrise.com.

Flyfish Club, LLC, an exclusive NFT-based restaurant project, has reached a $750,000 settlement with the U.S. Securities and Exchange Commission (SEC). The settlement addresses the SEC’s claims that Flyfish conducted an unregistered offering of crypto asset securities when it sold 1,600 non-fungible tokens (NFTs) to U.S. investors, raising $14.8 million.

The SEC stated that Flyfish Club sold NFTs to fund the construction of a high-end restaurant and bar in New York City. Investors who purchased the NFTs were given access to the restaurant, with the potential to sell their membership on secondary markets, a practice the SEC views as constituting an investment contract. The restaurant is expected to open later this month, according to the Flyfish Club’s website.

More than Just Membership Passes

“Flyfish led investors to believe they could earn profits from the business and managerial efforts of its team, specifically in building and operating the restaurant,” the SEC said in its court filing. The agency also noted that Flyfish suggested that NFT holders could profit from reselling their tokens at higher prices in the future, positioning these NFTs as more than just membership passes.

While Flyfish neither admitted nor denied the SEC’s findings, it agreed to several terms as part of the settlement. These include destroying all Flyfish NFTs still in its control within the next 10 days and refraining from accepting future royalties on NFT sales.

SEC’s Stance on the NFT Market

This case marks another in a series of actions by the SEC against NFT projects over the past year. The agency has scrutinized various projects for selling NFTs without proper registration, claiming they constitute securities under U.S. law. Notable cases include charges against podcast studio Impact Theory and Stoner Cats 2 LLC, both accused of unregistered NFT offerings.

The SEC’s aggressive stance on NFTs has sparked debate within the crypto community. Last week, the leading advocacy group for blockchain and digital assets, Digital Chamber, criticized the SEC’s actions as regulatory overreach. The group called on Congress to establish clearer legal definitions for NFTs, asserting that the SEC should not classify many NFTs as financial products or securities. 

The post Flyfish Club Settles with SEC for $750K Over Unregistered NFT Offering appeared first on TheCoinrise.com.

U.K. Finance, a prominent trade association, has successfully concluded the experimental phase of a central bank digital currency (CBDC) and tokenization platform. In collaboration with 11 member banks, including notable names like Barclays, HSBC, and NatWest, as well as professional service firms, the initiative aims to create a payment network powered by tokenization and programmable digital currency.

According to U.K. Finance, this new platform, referred to as the Regulated Liability Network (RLN), promises to deliver enhanced capabilities for payments and settlement, including programmability.

Regulated Liability Network

The RLN platform, which has been designed to modernize the financial market infrastructure, is expected to create major economic value while introducing new functions like programmable payments. This could revolutionize how institutions handle payments and transactions.

Tokenization, the process of digitizing real-world assets such as securities, has been gaining momentum globally. U.K. Finance believes this could further streamline traditional banking practices and open new avenues for digital money management.

The program demonstrated that tokenized commercial bank deposits and wholesale CBDCs could operate seamlessly on a multi-issuer tokenization platform. The initiative also simulated a wholesale CBDC, a digital currency issued by central banks for institutional use, not the general public.

The platform’s design also incorporates an application program interface (API) layer, which enhances interoperability between different forms of digital money and existing financial systems. U.K. Finance concluded that the U.K.’s current legal and regulatory framework is flexible enough to support the further development of this innovative platform, though more regulatory engagement is required for full implementation.

The Bank of England has also been exploring CBDCs and distributed ledger technology (DLT), indicating a strong national focus on these innovations.

Growing Demand for CBDC

CBDCs have captured the attention of governments globally in recent years. A survey from June revealed that 94% of nations are actively investigating the development of digital versions of their national currencies.

For example, the Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) signed a Memorandum of Understanding (MoU) in June to collaborate on wholesale CBDCs and tokenization efforts. Meanwhile, Taiwan is steadily advancing its CBDC development, focusing on ensuring a stable rollout rather than rushing the process.

The post U.K. Finance Completes Experimental Phase of Tokenization and CBDC Platform appeared first on TheCoinrise.com.

Hybrid gambling, memecoin and decentralized finance project Mpeppe (also known as MPEPPÉ or MPEPE) is being accused of orchestrating a fake presale after several investors allegedly paid for coins but didn’t receive them.

The project claims that funds will be used to build a casino, collection of player card non-fungible tokens (NFTs), and decentralized finance (DeFi) protocol associated with the token. Blockchain data shows that the token’s entire supply is held by its deployer account and that no tokens have been given to investors.

There are several different projects with similar names to Mpeppe, including an unrelated one originally called Micro Pepe, which has an identical ticker symbol to this one. However, the project discussed here is advertised on mpeppe.io, which is currently listed at the top of Google Search results for the name.

Cointelegraph was contacted by an investor who went by “Chosen” and spoke on the condition that their real name not be revealed.

Chosen claimed they sent $1,996 worth of the USDT (USDT) stablecoin to the project’s deposit address, but the project did not give them any tokens in exchange.

According to the investor, they originally discovered the project after seeing a promotion on a crypto media site while browsing a news aggregator aimed at crypto investors.

Chosen said they trusted this news aggregator service, which is why they believed Mpeppe was a legitimate project.

Cointelegraph contacted the Mpeppe team through its official Telegram channel to get its side of the story. However, after posting several questions to the group, it immediately started producing a “sorry, this group is not accessible” error message.

The reporter could not confirm whether they had been banned from the group or whether some technical malfunction had occurred. The error occurred less than a second after they posted several questions to the group’s admins.

 

Error message on Mpeppe Telegram channel. Source: Mpeppe, Telegram.

Other unofficial Mpeppe channels also contain complaints from users that they deposited funds but did not receive tokens.

Mpeppe investor claims their funds were stolen. Source: @MpeppecoinTG chat.

The official Mpeppe website contains a “buy $MPEPE” button. When users click this button, they are asked to “log in” or “sign up.” Users are then asked for multiple pieces of personal information, including an email address and phone number. Most crypto projects do not require this information for token sales.

After providing this information, the user is taken to a dashboard that includes a “Buy Now” button.

 

Mpeppe dashboard. Source: Mpeppe

The “Buy Now” button allows the user to select the coin they want to pay with and enter the amount they wish to provide. The user interface responds by displaying the amount of Mpeppe the user is supposed to receive for the amount deposited. For example, entering “50” as the amount of USDT to be provided results in “28,137.3100732 MPEPE” being displayed.

Mpeppe amount to be received for 50 USDT. Source: Mpeppe

If a user enters this information and then presses “Pay With Crypto,” the page does not push a transaction to the user’s wallet. Instead, it produces a QR code and crypto address, which the user is asked to manually send funds to, similar to how a centralized exchange would ask for a deposit.

 

Mppepe deposit address. Source: Mpeppe.

The deposit address is an externally owned account under the control of a person. There is no smart contract controlling the presale process nor a blockchain-based automated mechanism for delivering tokens to the buyer. Instead, buyers can only receive tokens if the person controlling the deposit address sends those tokens to them.

Mpeppe does not ask for the buyer’s crypto address during the signup process. So, presumably, a buyer who sent their funds from a centralized exchange would need to provide this information at a later date if they have any hope of receiving tokens.

The transaction data for Chosen’s $1,997 deposit sheds further light on what may be happening to investors’ funds. Chosen sent funds to an address ending in D4e8. From there, the recipient sent them to another address ending in A623.

This A623 address contains over $450,000 worth of tokens and has performed over 33,000 transactions. It frequently makes deposits to Coinbase, ChangeNOW, and BitMEX, presumably to cash out or exchange tokens, and has also transferred funds to user “Emdek23” on OpenSea, Arkham Intelligence data shows.

Recipient of Mpeppe deposits transferring tokens. Source: Arkham

According to the Mpeppe website, the token’s official contract is located at an address ending in cA7B. Blockchain data shows that the token was created on June 16 with a total supply of over 7.6 billion. The entire supply was sent to the deployer account, and none has moved since that date. Consequently, no investors who purchased the tokens have received them.

Mpeppe’s white paper claims that its team will use the presale funds to develop a casino, player card NFTs, and a DeFi protocol that will allow users to stake their Mpeppe tokens.

Mpeppe may be planning to distribute tokens at a later date, possibly by asking investors for their crypto addresses through telephone calls or email addresses, as these pieces of information are required to purchase the token.

However, readers should be aware that Mpeppe’s presale practices are unusual, which may indicate that the team is planning to execute an exit scam. Presale tokens are usually sold through a smart contract and distributed automatically to buyers’ crypto addresses. But in this case, the team asks for deposits to be sent to an externally owned account. This means there is no automatic guarantee that the user will receive tokens at all. Indeed, so far, no investors have received tokens in exchange for the funds they have sent.

In addition, the Mpeppe team is pseudonymous, making it virtually impossible to pursue them through legal channels if they never deliver the tokens or build the casino, NFTs, etc. Because the app asks for personal information, the user also runs the risk of receiving spam emails or phone calls as a result of its use.

This does not prove that Mpeppe is a scam. It’s possible that the team will deliver the tokens at a later date and keep users’ personal information private. However, users should be aware of the risk if they choose to interact with the Mpeppe app.

Source: CoinTelegraph

The post Mpeppe Scam Warning – Mpeppe investors say project stole their coins ahead of casino plans appeared first on TheCoinrise.com.

Cryptocurrency investors are always on the lookout for the next big opportunity that could transform a modest investment into life-changing wealth. With Bitcoin (BTC) maintaining its position as the cornerstone of the digital asset market, the focus often shifts to altcoins that have the potential to deliver exponential gains in a short period. As the market prepares for the next bull run, four cryptos, in particular, stand out for their explosive growth potential. Among these, one rising star, PawFury, is already making waves in the presale phase with a promise of significant returns.

PawFury (PAW) – Next-Gen Crypto Contender!

The crypto world is taking notice of PawFury’s presale success, having amassed over 6.5 Million Dollars and counting. Investors are bullish on this new rising star, attracted by its 150x potential and explosive growth trajectory. The presale rush has set off a parabolic sentiment, firmly establishing PawFury as the next-gen crypto to watch. As experts continue to analyze its rise, it’s clear that a massive breakout is on the horizon.

Bitcoin (BTC) remains the king of the crypto world, influencing the direction of other digital assets. Recently, Bitcoin’s price experienced a rise, breaking through resistance levels at $58,500, $59,500, and $60,000. However, it faced resistance near $60,650, forming a high at $60,638 before beginning a downward correction. The price has since dropped below $59,500 and a key bullish trend line, now trading below $58,800 and the 100-hour Simple Moving Average.

XRP remains one of the most promising digital assets, particularly for its role in revolutionizing cross-border payments. Backed by Ripple Labs, XRP aims to provide a fast, low-cost alternative to traditional banking systems. With increasing adoption by financial institutions worldwide, XRP has the potential to gain significantly as regulatory clarity improves. Investors see it as a high-potential altcoin that could deliver massive returns in the next bull run.

Polygon (MATIC) has quickly emerged as a vital player in the cryptocurrency ecosystem by providing Layer 2 scaling solutions for Ethereum. Its focus on reducing gas fees and increasing transaction speeds has attracted a wide range of projects and developers. As Ethereum continues to grow, MATIC’s role in improving scalability makes it an attractive investment option with significant upside potential.

Aptos (APT) is gaining attention as a new-generation blockchain that offers enhanced scalability, security, and efficiency. Designed by former Meta engineers, Aptos aims to solve some of the existing problems faced by older blockchains, such as congestion and high fees. With a rapidly expanding developer community and partnerships, Aptos is positioned to become a major player in the decentralized finance (DeFi) space, making it a top pick for investors seeking future market leaders.

Sei Network (SEI) is building a reputation as a game-changer in the world of decentralized exchanges (DEXs). It provides unparalleled speed and scalability, which are critical for the success of DEXs and other decentralized applications (dApps). As more users migrate to decentralized platforms, Sei’s innovative technology and architecture offer a compelling case for exponential growth, positioning it for a significant breakout in the next bull run.]

Conclusion

While PawFury’s remarkable presale success and 150x growth potential are making it a crypto to watch in 2024, it is essential for investors to approach cautiously, do thorough research, and stay informed of the risks associated with the crypto market.

Click the links below  to learn more about PawFury and its presale:

Presale: https://pawfury.com#presale 

Twitter: https://x.com/Paw_Fury 

Website: https://pawfury.com  

The post These 4 Cryptos Could Turn $250 Into $500,000 by the Next Bull Run appeared first on TheCoinrise.com.

In the fast-paced world of cryptocurrencies, the hunt for the next big winner never stops. Holders of Ethereum and XRP—two of the most popular meme coins in recent years—are turning their attention to a new opportunity that they believe has the potential to deliver 1000% growth. Amid this dynamic environment, where even Bitcoin (BTC) remains a key player, savvy investors are constantly on the lookout for the next altcoin that could yield significant returns. Enter a new contender that’s catching eyes with its explosive potential.

PawFury (PAW) – Set for a Massive Breakout!

PawFury’s presale has reached skyrocket status, raising over 6.5 Million Dollars so far. This new contender is on the brink of explosive growth, attracting savvy investors who recognize its 150x potential. The presale’s rapid sell-out reflects the high demand for this next-gen crypto. With its parabolic rise, PawFury is on the fast track to becoming the crypto market’s newest sensation.

Bitcoin (BTC) remains the cornerstone of the crypto market. Recent remarks from Robert Kiyosaki, the author of “Rich Dad Poor Dad,” have underscored Bitcoin’s importance as a hedge against inflation and economic uncertainty. To protect against the depreciating U.S. dollar, he advocates for investments in scarce assets like gold and Bitcoin, predicting BTC could reach $1 million, or at the very least, $100,000 by the end of 2024. With potential interest rate cuts and quantitative easing on the horizon, Bitcoin’s role as a safe haven asset seems more relevant than ever.

Chainlink (LINK) is a blockchain oracle network that plays a crucial role in the cryptocurrency ecosystem. By providing secure, reliable data feeds to smart contracts, Chainlink enables a wide range of decentralized applications (dApps) to function properly. As the demand for smart contracts continues to grow, especially in sectors like decentralized finance (DeFi), LINK is well-positioned to benefit. With its innovative technology and partnerships, Chainlink could see a breakout in value, making it a key asset for investors seeking robust returns.

Uniswap (UNI) remains one of the most important decentralized exchanges in the crypto market. As a pioneer in the DeFi space, Uniswap allows users to trade tokens directly from their wallets without relying on a centralized authority. The platform’s popularity and consistent growth have made UNI a promising token with significant upside potential. As the broader market moves towards decentralized solutions, UNI’s value could skyrocket, making it a worthy consideration for those looking to capitalize on the future of trading.

Sei (SEI) is an innovative blockchain designed to offer unmatched speed and efficiency for financial transactions. With a unique consensus mechanism that focuses on reducing latency and increasing throughput, Sei is set to become a preferred network for developers and users alike. The project’s focus on scalability and performance makes it a prime candidate for explosive growth as demand for faster and more efficient blockchain solutions continues to rise.

Polkadot (DOT) aims to solve one of the biggest challenges in the blockchain world: interoperability. By allowing different blockchains to communicate and share information securely, Polkadot enhances the entire crypto ecosystem. Its unique technology and ambitious roadmap have made DOT a favorite among investors looking for long-term growth. As the ecosystem around Polkadot continues to expand, so does its potential for massive returns.

Conclusion

Despite PawFury’s impressive growth and 150x potential, investors should always perform due diligence and be aware of the inherent risks associated with the cryptocurrency market.

Click the links below  to learn more about PawFury and its presale:

Presale: https://pawfury.com#presale 

Twitter: https://x.com/Paw_Fury 

Website: https://pawfury.com  

The post Ethereum and XRP Holders Predict 1000% Growth for This Coin appeared first on TheCoinrise.com.

Sui and Celestia are picking up bullish momentum despite recording some intra-day plunges. While the market still seems volatile for these two tokens, Rollblock’s crypto casino has already rallied 160% in presale by raising nearly $3.5 million In no time!

Sui (SUI) Price Record 19% Weekly Gains

After Sui integrated a new Mysticeti Consensus Protocol that reduces consensus time to only 390 milliseconds, Sui’s price rallied by an impressive 19%. Since Grayscale has also introduced an exclusive Sui Trust that gives qualified investors a way to monitor Sui’s market performance, Sui’s current bullish momentum is expected to continue. For now, Sui is trading at $1.10 after a minor intra-day jump of 0.74%. 

Sui’s trading activity has also seen a significant increase lately, with Sui’s 24-hour volume up by nearly 23% and Open Interest at $296.60 million. If Sui can breach the critical resistance at $1.5 in upcoming weeks, Sui’s price can experience a smooth climb up to $2. 

Celestia (TIA) Targets New High at $9

Celestia has recently seen growing investor confidence as demand for its scalable blockchain has been soaring through the roof. After recording a weekly jump of 11.91%, Celestia’s price is currently down to $4.65 after an intra-day dip of 3.32%. Despite this plunge, Celestia’s community sentiment is still 77% bullish, hinting at the possibility of massive rallies in upcoming weeks. 

For now, Celestia is testing key resistance levels at $6, $6.5, and $7. Bulls are still maintaining control over Celestia’s price, suggesting building bullish momentum. If buying pressure continues to rise, Celestia’s price could climb toward $9 in the upcoming months. However, if Celestia falls below the key $3.7 support, it could experience a correction with steeper declines. 

Rollblock ($RBLK) Flashes Bullish Signals for October

Rollblock ($RBLK) is giving traders an unbelievable offer that includes both short-term gains and long-term sustainability in one token. With a new gambling dApp built directly on Ethereum’s blockchain, Rollblock has turned into an overnight sensation in the world of crypto trading. Since Rollblock’s recent price surge has triggered another buying rally, analysts expect Rollblock to deliver up to 200% gains by the end of October. 

While online gambling is considered controversial due to issues of transparency and security, Rollblock’s Ethereum-backed casino effectively resolves the problem with no KYC checks and gold-standard security measures. Instead of worrying about manipulation and fixing, Rollblock users can enjoy a hassle-free betting experience with every transaction encrypted on Ethereum’s immutable blockchain. 

Since Rollblock is a play-to-earn token, traders can easily earn more $RBLK by playing any of Rollblock’s 150+ AI-powered games or by participating in weekly giveaways and events. Aside from Rollblock’s skyrocketing short-term potential, the reason why $RBLK is also sustainable in the long run is the platform’s revenue-sharing model. 

Every week, Rollblock shares up to 30% of its revenue with long-term holders through staking rewards. Since these staking rewards are distributed through Rollblock’s buyback mechanism, half of the repurchased tokens are also burned forever to limit $RBLK’s circulating supply and ensure that the token’s price remains deflationary over time. 

Just this week, Rollblock’s price has rallied once again to hit a new all-time high of $0.026. As Rollblock prepares to surpass $3.5 million in market cap, analysts are already tipping at RBLK’s 100x potential as soon as the token is launched on the open market. 

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

Website: https://rollblockpresale.io/

Socials: https://linktr.ee/rollblockcasino 

The post 3 Cryptos Set to Explode Heading Into October: SUI, TIA and RBLK appeared first on TheCoinrise.com.

In the world of cryptocurrency, where market dynamics shift rapidly, investors are constantly looking for the next big opportunity that could deliver exponential gains. While Bitcoin (BTC) remains the dominant force, with its massive market cap and established position, the real excitement often lies in altcoins that have the potential to deliver far greater returns. As we look ahead to 2026, a strategic investment of just $250 in the right mix of altcoins could potentially grow into a fortune. Let’s explore the top five cryptos that could deliver 200x returns, starting with the rising star—PawFury (PAW).

PawFury (PAW) – The Next 100x Gem

PawFury’s presale has shown unstoppable momentum, securing 6.5 Million Dollars in investments. This groundbreaking growth potential has investors lining up, aiming to capitalize on what experts project as a 1600% surge. As the next-gen crypto of 2024, PawFury’s parabolic rise is evident. Its rapid sell-out and bullish sentiment mark it as the new rising star destined for an epic market run.

Bitcoin (BTC), the original cryptocurrency, continues to play a crucial role in shaping the market landscape. Recently, Bitcoin’s price experienced a notable rise, breaking through key resistance levels at $58,500, $59,500, and $60,000. However, it faced resistance near $60,650, forming a high at $60,638 before beginning a downward correction. The price has since dropped below $59,500 and a key bullish trend line. 

Solana (SOL) is renowned for its high throughput and low transaction costs, making it a top choice for developers and users alike. As a high-performance blockchain, Solana supports a wide range of decentralized applications (dApps) and projects. With its focus on scalability and speed, Solana has become a preferred platform for many emerging crypto projects. As adoption grows and more projects launch on its network, SOL could see significant price appreciation, making it a strong candidate for 200x returns by 2026.

XRP remains a key player in the cross-border payments space, offering fast and low-cost transactions compared to traditional systems. With ongoing partnerships and use cases expanding across financial institutions globally, XRP is poised to benefit from increased adoption. As regulatory clarity improves, the price of XRP could surge, delivering substantial gains to investors who recognize its long-term potential.

Polkadot (DOT) is a unique blockchain platform focused on enabling interoperability between multiple blockchains. By allowing different networks to communicate and share data, Polkadot is solving a key issue in the blockchain world. As more projects adopt Polkadot’s infrastructure, its value proposition strengthens, positioning it for explosive growth in the coming years.

Sei Network (SEI) is emerging as a key player in the decentralized finance (DeFi) space. With its focus on building infrastructure for DeFi applications, Sei is attracting attention from developers and projects looking for scalable, efficient solutions. As DeFi continues to grow, Sei Network’s importance in the ecosystem could translate into significant price gains, making it an attractive altcoin to consider.

Conclusion

Although PawFury’s 1600% surge potential is attracting many investors, it’s essential to remember that cryptocurrency investments come with risks. Always do your own research before diving in.

Click the links below  to learn more about PawFury and its presale:

Presale: https://pawfury.com#presale 

Twitter: https://x.com/Paw_Fury 

Website: https://pawfury.com  

The post Invest $250 in These 5 Cryptos for 200x Returns by 2026 appeared first on TheCoinrise.com.

The world of cryptocurrency is a dynamic landscape where fortunes are made and lost. While Bitcoin (BTC) remains the bedrock of many portfolios due to its proven track record as digital gold, investors seeking exponential gains often look beyond BTC to altcoins with massive growth potential. As the market gears up for the next bull run, savvy investors are eyeing opportunities that could turn modest investments into life-changing sums. Here are four cryptocurrencies that could 100x your investment by the next bull market, starting with a new rising star that is making waves: PawFury (PAW).

PawFury (PAW) – Next-Gen Crypto Contender!

The crypto world is taking notice of PawFury’s presale success, having amassed over 6.5 Million Dollars and counting. Investors are bullish on this new rising star, attracted by its 150x potential and explosive growth trajectory. The presale rush has set off a parabolic sentiment, firmly establishing PawFury as the next-gen crypto to watch. As experts continue to analyze its rise, it’s clear that a massive breakout is on the horizon.

Cardano (ADA) continues to build momentum as one of the most promising blockchains in the space. With its strong focus on scalability, sustainability, and security, Cardano offers a robust platform for developers and dApps. As the blockchain evolves and more projects are built on its ecosystem, ADA is positioned for substantial gains, making it a compelling choice for long-term investors.

Uniswap (UNI) remains the leading decentralized exchange (DEX) in the DeFi sector, enabling users to trade directly from their wallets without the need for intermediaries. With its innovative automated market maker (AMM) model, Uniswap has become a key player in the DeFi ecosystem. As the demand for decentralized trading platforms grows, UNI’s value could soar, offering substantial upside potential.

Join the PawFury Presale Now – Click Here to Secure Your Spot!

Sei (SEI) is a new and exciting decentralized exchange focused on delivering high-speed trading and low transaction costs. Sei aims to disrupt the DEX landscape with its next-gen technology and user-friendly interface. As decentralized finance continues to attract investors, Sei could emerge as a significant player, positioning itself for a breakout during the next bull market.

Polkadot (DOT) is designed to solve one of the most pressing challenges in the blockchain space: interoperability. By enabling different blockchains to transfer data and assets seamlessly, Polkadot is at the forefront of creating a connected decentralized ecosystem. As the need for cross-chain solutions grows, DOT could see massive demand, leading to significant price appreciation.

Conclusion

While PawFury’s remarkable presale success and 150x growth potential are making it a crypto to watch in 2024, it is essential for investors to approach cautiously, do thorough research, and stay informed of the risks associated with the crypto market.

Click the links below  to learn more about PawFury and its presale:

Presale: https://pawfury.com#presale 

Twitter: https://x.com/Paw_Fury 

Website: https://pawfury.com  

The post These 4 Cryptos Could 100x Your Investment by the Next Bull Market appeared first on TheCoinrise.com.

El Salvador’s President, Nayib Bukele, announced that the country will not rely on external debt to finance its 2025 national budget. Interestingly, this marks a significant shift in El Salvador’s financial strategy as it continues to distance itself from the reliance on foreign loans and debt to support its fiscal operations.

BTC has Reshaped the Country’s Economic Outlook

While speaking on Independence Day, Bukele attributed much of this financial progress to the country’s innovative Bitcoin strategy. The president emphasized that the Bitcoin initiative has contributed significantly to reshaping the country’s economic outlook. 

Meanwhile, El Salvador’s adoption of Bitcoin has had its challenges. Initial skepticism from international financial organizations and critics about cryptocurrency’s volatility created a turbulent environment. However, Bukele’s administration has remained committed to the strategy, aiming to boost financial inclusion and reduce remittance costs. 

Notably, the decision to avoid external borrowing for the 2025 budget reflects El Salvador’s progress in improving its financial health. 

El Salvador Marks 3 Years of BTC as Legal Tender

Three years ago, on September 7, 2021, El Salvador became the first country in the world to accept BTC as legal tender. That move marked a significant milestone in the nation’s financial history and made the North American nation a trailblazer in digital asset usage. Primarily, BTC adoption as a legal tender aims to provide financial inclusion for citizens and improve remittances from diaspora communities.

El Salvador has witnessed continued investment in Bitcoin through daily purchases. With President Nayib Bukele in charge, the cumulative Bitcoin portfolio has soared to over $318 million or 5,865 BTC. Given the fluctuating price of the digital asset, the buying price has averaged about $43,877 per BTC. Despite criticisms, Bitcoin adoption is a plus for the country.

El Salvador and Bitcoin

As per earlier reports, El Salvador passed a new law in December 2023 to extend citizenship to foreign investors holding significant stakes in Bitcoin. Furthermore, the country established a National Bitcoin Office (ONBTC) to manage all cryptocurrency-related initiatives. According to venture capitalist Tim Draper, Bitcoin will make El Salvador one of the world’s richest countries. 

A few days ago, Vera Bergengruen, a TIME Magazine reporter, suggested that the country’s adoption of Bitcoin may be more about image than real economic reform. Vera also revealed that Bukele’s advisors referred to the BTC initiative as part of a “great rebranding” and “complete PR move.” Vera noted that Bukele claimed to have $400 million in the country’s public Bitcoin wallet.

While Bukele’s term runs until 2029, questions remain over whether his BTC move will yield tangible benefits for the people of El Salvador or serve as an alleged PR strategy.

The post Bitcoin Nation El Salvador To Shift Focus From Loans In 2025 appeared first on TheCoinrise.com.

As the cryptocurrency market prepares for its next major bull run, investors are eagerly searching for the altcoins that could provide explosive growth. While Bitcoin (BTC) remains a key asset in any portfolio due to its status as digital gold, it’s the altcoins that often deliver the most staggering returns. With new opportunities emerging, now is the time to identify those altcoins that have the potential to achieve 100x gains by 2025. Here are three promising cryptos to consider, starting with a new rising star that has captured the attention of experts and investors alike: PawFury (PAW).

PawFury (PAW) – Set for a Massive Breakout!

PawFury’s presale has reached skyrocket status, raising over 6.5 Million Dollars so far. This new contender is on the brink of explosive growth, attracting savvy investors who recognize its 150x potential. The presale’s rapid sell-out reflects the high demand for this next-gen crypto. With its parabolic rise, PawFury is on the fast track to becoming the crypto market’s newest sensation.

   Click Here to Ride the Wave of 100x Gains with 2024’s Hottest Crypto!

Ethereum (ETH) remains the undisputed leader in the smart contract space. As the backbone of the decentralized finance (DeFi) ecosystem, Ethereum is integral to many projects and applications. With its recent transition to Ethereum 2.0 and the move to proof of stake, ETH is expected to see reduced gas fees and improved scalability, driving further adoption and a potential price surge. For investors looking for a solid bet, Ethereum continues to offer massive upside potential.

Chainlink (LINK) has established itself as the leading decentralized oracle network, providing critical data feeds to smart contracts across multiple blockchains. With its extensive partnerships and integrations, LINK is crucial for the continued growth of DeFi and other blockchain applications. As the demand for reliable, secure data continues to grow, Chainlink is positioned for significant gains, making it a top contender for explosive growth.

Sei Network (SEI) is a new and innovative decentralized exchange (DEX) platform focused on delivering high-speed trading and low latency. Designed to offer a seamless trading experience, Sei Network is quickly gaining traction as a future market leader in the DEX space. As decentralized trading continues to expand, SEI is positioned to benefit from increased demand and could see a massive breakout in the coming years.

Kaspa (KAS) is a blockchain project focused on solving the scalability challenges faced by many existing networks. By utilizing its unique GhostDAG protocol, Kaspa can handle a high transaction throughput without sacrificing security or decentralization. As scalability becomes a central focus in the blockchain space, KAS is expected to experience high demand, positioning it for explosive growth.

Conclusion

Despite PawFury’s impressive growth and 150x potential, investors should always perform due diligence and be aware of the inherent risks associated with the cryptocurrency market.

Click the links below  to learn more about PawFury and its presale:

Presale: https://pawfury.com#presale 

Twitter: https://x.com/Paw_Fury 

Website: https://pawfury.com  

The post Top 3 Altcoins to Invest $500 In for Explosive 100x Gains by 2025 appeared first on TheCoinrise.com.