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Zilliqa Group partners with ChainUp to expand Web3 infrastructure
Zilliqa Group has officially partnered with ChainUp, a leading blockchain company based in Singapore.
This collaboration will expand Web3 Group's infrastructure offerings and increase its partnership potential regarding loyalty, gaming, tokenization and metaverse projects.
As a result of this partnership, ChainUp will also operate a Staked Seed Node (SSN) on the Zilliqa network, increasing decentralization while playing a key role in archiving transaction history and providing services to end users.
#Web3 #zil
Zilliqa Group has officially partnered with ChainUp, a leading blockchain company based in Singapore.
This collaboration will expand Web3 Group's infrastructure offerings and increase its partnership potential regarding loyalty, gaming, tokenization and metaverse projects.
As a result of this partnership, ChainUp will also operate a Staked Seed Node (SSN) on the Zilliqa network, increasing decentralization while playing a key role in archiving transaction history and providing services to end users.
#Web3 #zil
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HASHKEY LAUNCHES FIRST LICENSED CRYPTO APP FOR RETAIL IN HONG KONG
Hong Kong's renowned cryptocurrency exchange, HashKey, has officially expanded into the retail sector with the launch of its innovative trading app. This move marks the platform as a major licensed virtual asset exchange application in Hong Kong.
Livio Weng, Chief Operating Officer of HashKey, revealed in a recent interview that the app has received the green light from the Hong Kong Securities and Futures Commission. This approval allows the app to serve both retail users and professional investors. Additionally, Weng pointed to the immediate success of the app, highlighting a staggering daily trading volume exceeding $100 million on October 30.
Significantly, HashKey's latest move goes beyond innovation and compliance. The company became the first company to obtain a license under the new Virtual Asset Service Provider licensing scheme introduced by Hong Kong. After that, HashKey transferred its previous license, expanding trading services to a wider retail audience.
In addition to its main trading function, HashKey has broader ambitions. The exchange will soon launch its utility token named HSK. Weng mentioned that this ERC-20 token is designed to reward participants in the broad HashKey ecosystem. According to official documents, HashKey plans to release 1 billion HSK tokens. The allocation strategy is as follows: 65% will drive ecosystem growth, 30% is reserved for staff rewards, and the remaining 5% will strengthen the company's insurance vault.
Additionally, the company has a clear schedule for the listing of HSK tokens on its platform. By mid-2024, traders can expect HSK tokens to be actively traded.
Users who want to experience HashKey's offerings can find the app available starting November 1, 2023, at 03:00.11 (UTC) on the App Store and Google Play.
Hong Kong's renowned cryptocurrency exchange, HashKey, has officially expanded into the retail sector with the launch of its innovative trading app. This move marks the platform as a major licensed virtual asset exchange application in Hong Kong.
Livio Weng, Chief Operating Officer of HashKey, revealed in a recent interview that the app has received the green light from the Hong Kong Securities and Futures Commission. This approval allows the app to serve both retail users and professional investors. Additionally, Weng pointed to the immediate success of the app, highlighting a staggering daily trading volume exceeding $100 million on October 30.
Significantly, HashKey's latest move goes beyond innovation and compliance. The company became the first company to obtain a license under the new Virtual Asset Service Provider licensing scheme introduced by Hong Kong. After that, HashKey transferred its previous license, expanding trading services to a wider retail audience.
In addition to its main trading function, HashKey has broader ambitions. The exchange will soon launch its utility token named HSK. Weng mentioned that this ERC-20 token is designed to reward participants in the broad HashKey ecosystem. According to official documents, HashKey plans to release 1 billion HSK tokens. The allocation strategy is as follows: 65% will drive ecosystem growth, 30% is reserved for staff rewards, and the remaining 5% will strengthen the company's insurance vault.
Additionally, the company has a clear schedule for the listing of HSK tokens on its platform. By mid-2024, traders can expect HSK tokens to be actively traded.
Users who want to experience HashKey's offerings can find the app available starting November 1, 2023, at 03:00.11 (UTC) on the App Store and Google Play.
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Binance Burns 760 Million LUNC Tokens in 15th Burn Program
Giant cryptocurrency exchange Binance contributed to the community-initiated token burning campaign to reduce the circulating supply of LUNC by sending 760.42 million tokens to the burn address in a transaction on November 1. The 15th burn program covers the period from September 30 to October 30. With the latest token burn, the total amount of LUNC tokens burned by Binance from trading fees on spot trading pairs and LUNC margin has reached approximately 40 billion.
Binance burned 1.01 billion LUNC tokens last month. Due to fear, uncertainty, and doubt (FUD) affecting the overall market, a decrease in developer activity, and a decrease in LUNC trading volumes on cryptocurrency exchanges, the token burn rate under this program has decreased significantly. Since taking responsibility for Blockchain following the Terra-LUNA crash in 2022, the Terra Luna Classic community has burned a total of over 76 billion LUNC tokens.
While some community members expressed their dissatisfaction with Binance's second token burn of just under 1 billion, others thanked Binance and CEO Changpeng Zhao for their contributions to the token burn program.
In 2022, Binance reduced the share of fees earned from spot trading and LUNC margin for the token burning program from 100% to 50%. The Terra Luna Classic community is now considering launching a USTC token burning program alongside LUNC on Binance.
#Binance #Lunc #burn
Giant cryptocurrency exchange Binance contributed to the community-initiated token burning campaign to reduce the circulating supply of LUNC by sending 760.42 million tokens to the burn address in a transaction on November 1. The 15th burn program covers the period from September 30 to October 30. With the latest token burn, the total amount of LUNC tokens burned by Binance from trading fees on spot trading pairs and LUNC margin has reached approximately 40 billion.
Binance burned 1.01 billion LUNC tokens last month. Due to fear, uncertainty, and doubt (FUD) affecting the overall market, a decrease in developer activity, and a decrease in LUNC trading volumes on cryptocurrency exchanges, the token burn rate under this program has decreased significantly. Since taking responsibility for Blockchain following the Terra-LUNA crash in 2022, the Terra Luna Classic community has burned a total of over 76 billion LUNC tokens.
While some community members expressed their dissatisfaction with Binance's second token burn of just under 1 billion, others thanked Binance and CEO Changpeng Zhao for their contributions to the token burn program.
In 2022, Binance reduced the share of fees earned from spot trading and LUNC margin for the token burning program from 100% to 50%. The Terra Luna Classic community is now considering launching a USTC token burning program alongside LUNC on Binance.
#Binance #Lunc #burn
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This Will Be Bitcoin (BTC) Price After BlackRock ETF Approval: Expert Predictions
Aaron Arnold, renowned crypto expert and the voice behind Altcoin Daily, highlighted Grayscale's landmark win against the SEC in August. The DC Court of Appeals ruled that the SEC's rejection of Grayscale's application to convert its Bitcoin Trust into an ETF was without merit, setting a precedent that could pave the way for a flood of approvals.
Arnold, despite describing SEC Chairman Gary Gensler as arbitrary and capricious, said he believes that this landmark victory has put Gensler and the SEC over the edge, making approval of a spot Bitcoin ETF inevitable.
BlackRock Securities
Arnold recently had a dialogue with Anthony Scaramucci, founder of Skybridge Capital, who echoed his sentiments, underscoring the importance of the Grayscale case. He believes that Skybridge will gain a stake in BlackRock's ETF and expressed confidence in final approval of the ETF, despite anticipating potential delays from the SEC.
The Bitcoin Spot ETF is being heralded as a game changer, promising to simplify the crypto investment process for individuals and institutional players. ETFs empower wealth advisors, who manage the majority of capital globally, giving them an easy path to incorporate Bitcoin into investment portfolios.
This, in turn, opens up Bitcoin access to an untapped demographic, positioning it for unprecedented demand and growth. Similar to the approval of a gold ETF in 2004, which resulted in a 420% price spike, Arnold posited a similar outcome for Bitcoin.
He estimates that a 420% increase from the current value could see Bitcoin's price jump to between 130,000 and more than 300,000 dollars, depending on market conditions at the time of approval.
Bitcoin was worth $34,314 at press time.
#ETFBitcoin #news #bitcoin
Aaron Arnold, renowned crypto expert and the voice behind Altcoin Daily, highlighted Grayscale's landmark win against the SEC in August. The DC Court of Appeals ruled that the SEC's rejection of Grayscale's application to convert its Bitcoin Trust into an ETF was without merit, setting a precedent that could pave the way for a flood of approvals.
Arnold, despite describing SEC Chairman Gary Gensler as arbitrary and capricious, said he believes that this landmark victory has put Gensler and the SEC over the edge, making approval of a spot Bitcoin ETF inevitable.
BlackRock Securities
Arnold recently had a dialogue with Anthony Scaramucci, founder of Skybridge Capital, who echoed his sentiments, underscoring the importance of the Grayscale case. He believes that Skybridge will gain a stake in BlackRock's ETF and expressed confidence in final approval of the ETF, despite anticipating potential delays from the SEC.
The Bitcoin Spot ETF is being heralded as a game changer, promising to simplify the crypto investment process for individuals and institutional players. ETFs empower wealth advisors, who manage the majority of capital globally, giving them an easy path to incorporate Bitcoin into investment portfolios.
This, in turn, opens up Bitcoin access to an untapped demographic, positioning it for unprecedented demand and growth. Similar to the approval of a gold ETF in 2004, which resulted in a 420% price spike, Arnold posited a similar outcome for Bitcoin.
He estimates that a 420% increase from the current value could see Bitcoin's price jump to between 130,000 and more than 300,000 dollars, depending on market conditions at the time of approval.
Bitcoin was worth $34,314 at press time.
#ETFBitcoin #news #bitcoin
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https://coinmarketcap.com/community/articles/654071300e4af2428553f34e/