BlockDAG has ignited investor enthusiasm with its latest dashboard update, catapulting its presale to new heights with $37 million raised in its 16th batch and selling 10.2 billion coins. This surge not only underscores the robust investor confidence but also cements BlockDAG’s position as a top contender for 2024, outpacing competitors like Shiba Inu and Jupiter with its superior performance and advanced features.

Shiba Inu Breakthrough: Surpassing Major Resistance

Shiba Inu has notably broken past a crucial 11-week resistance level, signaling a renewed bullish trend. This breakthrough, first observed in early March, stagnated until a vigorous surge in mid-May 2024, with the SHIB/USD pair displaying considerable market activity. The recent price movement suggests strong investor optimism, positioning Shiba Inu for potential substantial gains and attracting increased market attention. 

Jupiter’s Market Outlook: Balancing Short-Term Volatility with Long-Term Promise

Jupiter’s recent market behavior has shown resilience, with a commendable weekly performance despite minor daily fluctuations. While short-term sentiment may appear bearish, long-term projections for Jupiter remain bullish, hinting at significant growth potential by 2025. Key market dynamics, supported by strategic partnerships such as with Chaos Labs, aim to bolster protocol resilience and enhance the trading framework, offering Jupiter a promising future with growing investor interest.

BlockDAG’s Dashboard Innovations and Unprecedented ROI Prospects

BlockDAG’s dashboard has undergone significant enhancements, introducing a leaderboard that actively engages users by transparently showcasing transaction volumes and frequencies. This real-time feature energizes the platform’s community by promoting a competitive spirit among its users.

The new leaderboard vividly categorizes users into different ranks, enabling them to see their current standings and motivating them to climb higher. This feature not only cultivates a sense of competition but also fosters community loyalty and encourages increased participation. The dashboard’s ability to display such dynamic user interactions has played a crucial role in BlockDAG’s presale coin achievement, amassing $37 million in its latest, 16th batch. This robust investor backing underscores the project’s promising future and widespread endorsement from the community.

Since the beginning of its presale journey, BlockDAG has demonstrated a remarkable market trajectory, with the investment value soaring by 850% to $0.0095 in Batch 16. With over 10.2 billion coins already distributed, the platform shows no signs of slowing down, projecting potential returns up to 30,000 times the initial investment.

Such extraordinary growth and robust financial support point towards a bright future for BlockDAG, with experts predicting its price could hit $10 by 2025. For those looking to capitalize on a high-potential investment early, BlockDAG presents itself as a top contender among 2024’s crypto opportunities, promising massive returns and innovative market solutions.

Final Insights: BlockDAG Versus Shiba Inu and Jupiter

While Shiba Inu and Jupiter offer intriguing prospects, BlockDAG distinguishes itself as the preferred investment choice with its impressive presale performance, innovative dashboard enhancements, and strategic market positioning. Its potential for up to a 30,000x ROI and dynamic market presence positions it among the top 10 cryptocurrencies for 2024, making BlockDAG a standout investment opportunity for those aiming for significant market gains.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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While Dogecoin whales’ activity decreases and Flare (FLR) crypto price faces selling pressure, BlockDAG (BDAG) shines with its upgraded dashboard’s user-friendly features and innovative approach. BlockDAG’s upgraded dashboard has significantly enhanced the overall user experience, driving substantial interest in the project. BlockDAG’s new dashboard has boosted the interest of investors, leading to a surge in presale numbers and contributed to an 850% value surge, positioning BlockDAG ahead of other top 10 crypto contenders. With the presale surging to $37 million, BlockDAG is rapidly becoming the go-to choice for crypto investors.

Dogecoin Whales: Exploring Recent Declines

Recent activity in the Dogecoin market has shown a notable decline, particularly among major players, or “whales”. Following the passing of Kabosu, the iconic Doge meme, Dogecoin’s whale activity has decreased significantly. According to IntoTheBlock, large transactions involving DOGE dropped by 29.69%, down to 6.63 billion DOGE. Inflows into wallets containing at least 0.1% of DOGE’s circulating supply decreased by 87.52% to 59.86 million coins, while outflows dropped to 103.87 million coins, down 29.59%.

FLR Crypto Price: Understanding Recent Selling Pressure

The Flare (FLR) crypto price has experienced selling pressure recently, with significant fluctuations observed in its value. After reaching an all-time high of $0.056, FLR has struggled to maintain its momentum. The price has dropped by 43% since and now hovers below the 200-day EMA. Despite bullish trends from December to February, when FLR gained around 350%, the current market conditions reflect a more bearish outlook. 

Technical indicators show a bullish crossover between the MACD and the Signal line, with RSI recovering from the oversold zone at 45. However, the trading volume has remained constant, indicating a consolidation phase. For FLR to regain a positive trend, it must surpass key resistance levels at $0.0420 and $0.0550. Failure to do so may result in continued bearish momentum.

BlockDAG’s New Dashboard Attracts Massive Investors 

BlockDAG’s upgraded dashboard is a game-changer for users, offering features that enhance the overall experience significantly. With instant access to important announcements, users can stay informed about the latest updates and opportunities within the platform. The comprehensive transaction history feature provides detailed insights into transactions, allowing for better tracking and management of assets. This is particularly useful for users who need to maintain precise records of their crypto activities.

The real-time leaderboard updates are another standout feature, keeping users competitively informed about their rank and progress against other competitors. This dynamic insight into ‘rankings’ encourages continuous improvement and strategic planning, making the platform engaging and interactive. Such features not only improve user experience but also foster a sense of community and competition among users.

Another BlockDAG’s feature – its low-code/no-code smart contract platform for meme coins and NFTs – is gaining popularity for democratizing blockchain development by making it accessible to a broader audience. Users can create and deploy smart contracts using pre-built templates without requiring deep coding knowledge. This capability is ideal for developing utility tokens, meme tokens, and NFTs, attracting a diverse range of projects and participants. The intuitive interface simplifies the entire process, from creation to deployment, lowering the barrier to entry for new developers and non-technical users.

Thus, BlockDAG’s upgraded dashboard features and low-code/no-code smart contracts platform has enhanced investors’ interest as presale crosses $37 million by selling over 10.2 billion BDAG coins. With early investors seeing an 850% value surge and the potential for further growth, BlockDAG is positioned as a top contender in the crypto market, attracting more participants and fostering a robust ecosystem.

Final Say

BlockDAG’s innovative upgrades and user-friendly features make it a leader in the cryptocurrency market, especially during the current fluctuations in Dogecoin whales and FLR crypto price. With its enhanced dashboard and its low-code/no-code smart contract platform, BlockDAG provides an inclusive environment for blockchain innovation. As BlockDAG continues to expand its ecosystem, it creates a promising investment opportunity, especially with its presale coin already raising over $37 million in under 16 presale batches and 850% value surge. With the potential for significant returns, BlockDAG is a compelling option for those seeking to invest in the top 10 crypto trends. 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

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While Ethereum struggles with fluctuating performance and reduced demand, Tron experiences a surge in its Total Value Locked (TVL). Amid these trends, BlockDAG has secured its place as the leading cryptocurrency investment for 2024, marked by its debut on London’s Piccadilly Circus and a significant dashboard enhancement that boosts user engagement and transparency. 

With a remarkable $37 million accumulated in its presale, BlockDAG continues to draw substantial interest from Ethereum investors and Tron’s TVL enthusiasts.

Ethereum Faces Market Struggles

Despite Ethereum’s efforts to bounce back, its price continues to fall. It experienced a near 10% decrease this past week and a 1% drop just today, reaching a new low at $2,868. This decline stands out, especially compared to Bitcoin’s relatively stable performance. The sell-offs by major holders are introducing considerable volatility and downward pressure on Ethereum’s value. 

Additionally, a drop in network activity is apparent, with active addresses decreasing from 564,868 in late April to 468,548 now and new addresses falling drastically to below 85,000 from 196,629 earlier in the month. These factors together paint a concerning picture of Ethereum’s near-term prospects, with technical analyses suggesting further potential declines.

Tron’s Value Locked Hits Record Levels

Despite a recent dip in price, Tron’s Total Value Locked (TVL) achieved a record high of $10 billion in March. This growth is supported by a robust performance in April 2024, generating over $125.6 million in fees and revenue, facilitating 170 million transactions, and welcoming 5.9 million new unique addresses. Moreover, Tron’s dominance in the stablecoin market is reinforced by a $2.8 billion increase in its stablecoin market cap, largely driven by USDT. Tron’s financial ecosystem, spearheaded by JustLend, its decentralized finance hub, which accounts for $6 billion of the $8.3 billion TVL, continues to draw significant investment, maintaining a strong position just behind Ethereum.

BlockDAG: A Rising Star in Altcoin Investments

BlockDAG has rapidly gained traction, raising a remarkable $37 million during its presale, now in Batch 16, with the coin priced at $0.0095 and experiencing an 850% surge. The total number of coins sold has reached 10.2 billion, and crypto miner sales have contributed $2.9 million from 6,624 total miners sold. 

Highlighting its expanding popularity, BlockDAG was featured in London’s Piccadilly Circus. The project’s recent dashboard update has improved user interaction and transparency, offering features like transaction histories, wallet balances, and various cryptocurrency transaction options, enhancing the community experience significantly.

The newly launched dashboard offers users enhanced functionalities, including news updates, rank viewing, leaderboard previews, and referral system insights. Furthermore, the upcoming X1 miner app’s beta version, set to release on June 3rd, will allow users to mine up to 20 BDAG coins daily using smartphones, promising substantial daily earnings. 

These developments are expected to considerably boost BlockDAG’s market value, with projections estimating its coin value could reach $30 by 2030. This positions BlockDAG as an attractive investment opportunity, especially for those currently invested in Ethereum or following Tron’s TVL.

Conclusion

While Ethereum struggles with declining interest and Tron continues to make significant strides, BlockDAG stands out with its impressive fundraising achievements and forward-thinking features. 

The project’s recent successes, coupled with innovative technology and strong community engagement tools, solidify its status as a leading altcoin for investment. For investors drawn to Ethereum and those interested in the dynamics of Tron’s TVL, BlockDAG presents a lucrative alternative, potentially reaching a $30 valuation by 2030.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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In the realm of digital finance, BlockDAG is making waves with its forward-thinking strategies and advanced technology. As Retik Finance faces a severe 67.02% drop in value overnight, investors are rapidly shifting their focus to BlockDAG. The platform has recently launched a $2 million giveaway campaign to attract and grow its investment community. This move, combined with BlockDAG’s impressive $37 million presale success and various global events, underscores its commitment to transparency and leadership in the market.

BlockDAG’s $2M Giveaway Amplifies Market Presence During Retik Finance Collapse

BlockDAG is boosting its market presence with a strategic $2 million giveaway designed to attract and retain investors. To be eligible for this lucrative offer, participants need to invest in the BlockDAG coin presale and maintain at least $100 in BDAG coins.

This proactive campaign aims to distribute the prize pool among fifty fortunate winners, enhancing BlockDAG’s visibility and encouraging robust participation. As investors turn away from the faltering Retik Finance, they are increasingly drawn to BlockDAG’s compelling offer.

This shift has fueled BlockDAG’s remarkable $37 million fundraising effort, selling over 10.1 billion coins, with the coin price expected to rise from $0.0095 in batch 16 to $1 by 2024.

As demand continues to surge, BlockDAG is quickly approaching its final batch, potentially accelerating the launch schedule due to rapid sell-outs. This swift uptake, marked by clarity and growth, consistently strengthens investor confidence and engagement.

Heads-Up: The Retik Finance Market Tumble

Despite its promising start, priced at $3 and listed on platforms like Uniswap and key centralized exchanges such as MEXC, Bitmart, LBank, CoinW, Digifinex, Bitrue, and P2PB2B, Retik Finance has experienced a staggering 67.02% price collapse to $0.403 within a single day.

This downturn has altered market sentiment significantly, shifting from initial excitement to caution among both retail and institutional investors. The sharp decline has forced a reassessment of Retik Finance’s long-term prospects, with traders now reluctant to increase their holdings.

The recent market crash has eroded the initial optimism surrounding Retik Finance, raising doubts about its future profitability.

Enhanced BlockDAG Dashboard Features

The updated BlockDAG dashboard now showcases trending news, keeping users well-informed. It allows users to monitor their rankings, evaluate performance, and handle financial transactions through an integrated wallet. A leaderboard spotlights top investors, creating a competitive atmosphere. The Last Transaction Preview displays recent transaction details, and the referral screen monitors referrals and accrued bonuses.

The leaderboard ranks the top 30 presale investors into categories—Crab, Tortoise, Fish, Shark, and Whale—based on their investment amounts. The transactions page provides a full history of transactions and real-time updates, categorized by investment levels. The profile page facilitates secure updates of delivery addresses and access to personalized data, improving user experience and operational efficiency.

BlockDAG Rises as Retik Stumbles

As BlockDAG advances with its strategic initiatives and technological improvements, the Retik Finance crash underscores the unpredictable nature of the crypto market. BlockDAG’s aggressive $37 million coin presale and engaging $2 million giveaway campaign have significantly boosted its market position and investor trust. The enhanced dashboard functionalities and strong global endorsements further establish BlockDAG’s reputation as a dependable and innovative leader in the cryptocurrency sector.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

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The luxury market has always been characterized by an exquisite fusion of exclusivity, legacy, and workmanship. In this case, the human touch is paramount, a symbol of the love and craftsmanship that give each piece its own distinct personality. However, even the most established businesses are seeing an approach change as a result of the waves of technological disruption that are sweeping through them. 

Striking the Right Balance: AI as an Accelerant, Not a Replacement

LVMH has taken a sophisticated and progressive stance at a time when worries about the displacement of jobs across industries due to AI-driven technology have grown. The corporation is adamant that AI should complement human knowledge rather than displace it. This concept serves as the foundation for LVMH’s strategic alliances and projects, which aim to use AI as a driver of creativity, effectiveness, and improved consumer experiences.

Axel de Goursac, the Director of AI Factory at LVMH, stated that their goal is to augment humans with artificial intelligence rather than replace them. He emphasized that the creative process remains human, but generative AI can complement that process. This idea is present in all of LVMH’s AI initiatives, demonstrating a deep awareness that the creative vision and artisanal skill of its human staff are what define the luxury sector.

LVMH Boosting Innovation and Simplifying Procedures

Within LVMH, one of the main uses of AI is to speed up and lower the cost of launching new goods. The conglomerate hopes to improve workflows from inspiration to production by utilizing generative AI algorithms, all the while maintaining the human creativity that drives each design.

Take into consideration, for example, the difficulty of creating marketing materials for a wide range of items across the many brands in LVMH’s portfolio. In the past, this process would require a significant amount of human effort, from creating high-quality movies and photographs to developing visualizations. However, this difficult work may be greatly expedited with the incorporation of AI-powered systems like FancyTech, a business that just received LVMH’s Innovation Award.

The amount of time and money needed for asset development may be decreased by using FancyTech’s generative AI models to quickly create movies from 3D product models and creative briefs. LVMH companies like Hublot, Givenchy, and Bulgari have already made use of this technology, which has allowed them to produce eye-catching visual material for e-commerce and advertising efforts with previously unheard-of efficiency.

Moreover, LVMH’s partnership with Blng, an online studio focused on jewelry visualization, is an example of how AI may improve the creative process itself. With the help of Blng’s generative AI technology, designers can quickly preview their ideas and make changes to them in real time by transforming their physical sketches into vibrant digital renderings. 

Before AI, designers were forced to wait days to see an early version of their ideas, according to Valerie Leblond, CEO of Blng. They can now do this in a couple of seconds, freeing up extra time for them to experiment, build, and collaborate with others.”

LVMH Using AI to Improve Operational Efficiency

LVMH’s AI projects extend beyond the domains of product development and marketing to encompass several aspects of the premium shopping experience. The company has improved demand forecasting, tailored customer offerings, and streamlined supply chain management procedures by utilizing AI.

LVMH has improved its consumer targeting and product alignment strategies by leveraging cloud-based AI technologies that are made possible by its cooperation with Google Cloud. LVMH can examine enormous volumes of customer data, spot new trends, and precisely customize its products to match changing market demands with machine learning algorithms.

The use of a data-driven strategy has resulted in observable advantages, including enhanced stock levels, simplified production planning, and more effective distribution tactics. As a result, by avoiding waste and needless product moves, LVMH has not only improved its operating efficiency but also lessened its environmental effect.

The strategic partnership between LVMH and Alibaba Cloud has also strengthened the company’s omnichannel capabilities in the crucial Chinese market. Through the use of Alibaba’s generative AI capabilities, such as its exclusive Qwen big language model and Model Studio (Bailian) AI model-building platform, LVMH has facilitated the development of innovative apps and services that enhance the luxury experience for Chinese customers.

Promoting Responsible AI and Innovation

Despite the diversity of LVMH’s AI efforts, one thing unites them all: the company’s dedication to supporting an innovative culture and ethical AI practices. The conglomerate has strengthened the foundations for data-driven decision-making throughout the company by establishing specialized educational programs that are available to executives, professionals, and data teams.

Furthermore, LVMH’s commitment to promoting ethical AI techniques is demonstrated by its collaboration with Stanford University’s Human-Centered Artificial Intelligence (HAI) Center. The goal of this partnership is to ensure that LVMH’s AI solutions complement human knowledge rather than diminish it by using human-centered design and interface concepts.

Aiming for sustainability, LVMH’s AI strategy goes beyond operational efficiency in light of the world’s urgent environmental concerns. Utilizing supply chain optimization and AI-powered demand forecasting, the conglomerate can reduce waste and resource consumption, helping to create a more sustainable future for the luxury sector.

Furthermore, LVMH’s acknowledgment of businesses such as Aectual, which won the LVMH Innovation Award in the Sustainability and Greentech category, emphasizes its dedication to promoting innovation in environmentally conscious activities. Using artificial intelligence (AI), Aectual’s platform analyzes data from several sources, such as environmental sensors and satellite photography, to offer suggestions and insights for the manufacturing of luxury items and sustainable design.

The LVMH and AI’s Future Direction

This conglomerate must carefully strike a balance between innovation and the preservation of its longstanding traditions as it continues to forge ahead into the new territory of AI integration. Even while AI presents a plethora of potential for customization, efficiency, and simplified procedures, LVMH must continue to retain the human touch and artisanal skill that characterize the premium experience.

The way that LVMH approaches AI education and application demonstrates this balance. The company maintains the human knowledge that drives its success while keeping its personnel at the forefront of technical innovations by investing in extensive training programs and cultivating a culture of constant learning.

Furthermore, LVMH’s strategic alliances with prominent players in the market like Alibaba, Google Cloud, and Stanford University highlight its dedication to the responsible development of AI. Through partnerships with these organizations, LVMH is able to access state-of-the-art technology while upholding moral standards and human-centered design concepts.

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As Retik Finance faces a downturn, BlockDAG shines as a pillar of stability and innovation, drawing investors’ interest. Its pioneering blend of blockchain and Directed Acyclic Graph (DAG) technology, supported by an ambitious $100 million liquidity plan, positions BlockDAG to reshape the cryptocurrency landscape. 

Disappointed by Retik Finance’s downturn, investors increasingly turn to BlockDAG for its cutting-edge technology, strategic financial initiatives, and strong market entry. This piece examines the shift in investor focus and BlockDAG’s potential to set new industry standards.

BlockDAG’s $100 Million Liquidity Approach Enhances Investor Confidence

BlockDAG has strategically fortified its market presence with a substantial $100 million liquidity initiative. This decisive action has enhanced market confidence, ensuring the currency can handle large trading volumes without notable price fluctuations. Liquidity is paramount for any cryptocurrency, and BlockDAG’s assertive measures have reinforced investor trust in its stability and prospective growth.

Liquidity is crucial for the seamless operation of financial markets, including the cryptocurrency sector. BlockDAG’s commitment of $100 million to liquidity safeguards against market instability, facilitating smoother transactions and mitigating risks of price manipulation. This initiative has captivated both institutional and retail investors seeking stable opportunities within the often turbulent crypto market. By maintaining sufficient liquidity, BlockDAG sets the stage for wider acceptance and continuous expansion.

BlockDAG’s ongoing presale coin has impressively garnered over $37 million, with a staggering 10.2 billion coins sold with current Batch 16 at $0.0095. This reflects robust market demand and confidence in its future prospects. The success of this presale highlights BlockDAG’s attractive value proposition and its potential to spearhead the next evolution in cryptocurrency innovation.

Retik Finance Faces Investor Doubts

Despite its much-anticipated debut on MEXC, Retik Finance’s value has plummeted by over 30%, reducing its price to just below $1. This significant drop has sparked investor concerns over the cryptocurrency’s future. Initially promising due to its unique features and innovative approach, Retik Finance now faces scepticism post-launch, prompting a reassessment of its long-term stability and viability. Market saturation and intense competition from newer, technologically advanced cryptocurrencies have contributed to its decline, emphasizing the risks of investing in nascent digital currencies.

BlockDAG: Pioneering a New Chapter in Crypto Innovation

BlockDAG is not merely another player in the crypto market; it heralds a new chapter in cryptocurrency innovation. With a sophisticated hybrid technology backbone, a strategic liquidity plan, and an outstanding presale performance, BlockDAG is emerging as a leader in the field. As it continues to attract attention, BlockDAG is expected to redefine industry standards, encouraging a diverse group of investors and enthusiasts.

BlockDAG’s approach could set new benchmarks for digital currencies by tackling crucial issues like scalability and transaction efficiency. Its success may encourage other projects to embrace similar hybrid models, enhancing the efficacy and reliability of blockchain technologies. Currently, BlockDAG leads this transformative wave, poised to propel the crypto industry toward greater advancement and efficiency.

The Last Word

The diverging paths of Retik Finance and BlockDAG underscore the dynamic and unpredictable nature of the cryptocurrency market. While Retik Finance struggles with waning investor interest and decreasing values, BlockDAG advances with innovative technology and strategic plans. BlockDAG presents a compelling mix of advanced technology, market assurance, and substantial growth potential for investors looking forward, making it an attractive option in the ever-evolving digital currency realm as it secured $37 million in presale.

As cryptocurrency evolves, successful projects like BlockDAG could become models for others. The capacity to adapt, innovate, and strategically manage liquidity and market stability will be essential for any digital currency aiming for longevity. BlockDAG’s current trajectory suggests it is well-equipped to succeed in this competitive environment, promising a bright future for its investors and the wider crypto community.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu  

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Sceptre is a brand-new liquid staking protocol that aims to optimize FLR yield. Users can continue to get monthly FlareDrops and spend their tokens in DeFi protocols in addition to using them in other protocols.

Rome Blockchain Labs (RBL) is working on Kinetic, an innovative lending and borrowing platform, along with the development of Sceptre, a state-of-the-art private beta blockchain tailored for data platforms. Understanding the potential for symbiosis between these two systems, RBL is deliberately merging them to improve the FLR token’s utility. 

With more applications planned for the future, users will first be able to use sFLR to participate in lending protocols and decentralized exchange (DEX) liquidity pools. Users bet their FLR with Sceptre to start, and they get back sFLR in exchange. With full liquidity, the sFLR tokens keep accruing Flare’s inherent incentives, and users get their original investment back plus any accrued prizes and FlareDrops when they unstake from the site, less a protocol charge.

Co-founder of Flare Hugo Philion welcomed Sceptre to the ecosystem. He stated that the community would receive over 60% of all tokens as part of the Flare tokenomics, which are significantly weighted towards them. This is especially true of the 36 monthly FlareDrops that will continue until January 2026. Philion pointed out that builders may benefit from this alluring environment with Sceptre and liquid staking, knowing that potential users of their dApps would still be able to access these local incentives.

Sceptre’s COO, Alexander Elhorst, described Flare as a vibrant, youthful network. He said that liquid staking will enable an even faster expansion of the DeFi network. Elhorst expressed hope for the chain’s future and the company’s intention to support its expansion. He stated that they are excited to collaborate with other ecosystem projects to incorporate sFLR and that they are pleased to provide the network’s first liquid staking protocol.

About Sceptre

Rome Blockchain Labs developed and maintains the Liquid Staking protocol known as Sceptre. In order to give the best service possible to its clients and the Flare network, Sceptre plans to leverage unique features like FTSOs and FlareDrops of Flare. Sceptre’s primary priorities include collaboration and interaction with other protocols such as Kinetic, where staking will be directly incorporated into Kinetic’s user experience (UX).

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Purchasing the latest video games through Azarus has just gotten a whole lot easier following its integration of Coinbase Commerce. The introduction of crypto payments allows web3 natives to buy popular games issued by the likes of Steam and Xbox Live and begin playing them directly within their browser or console.

Azarus Gets an Upgrade

Azarus has been gradually expanding its web3 streaming service, which is based around an overlay for live video game streams. This provides ways for viewers to interact and earn rewards while watching their favorite streamers. A key component of this is the Azarus store, where players can access the latest games.

Until recently, options included redeeming gift cards issued by companies such as Google and Apple in order to purchase games. Thanks to the introduction of Coinbase Commerce, this can now be done using cryptocurrency, a far more convenient option that is faster and better aligned with Azarus’ web3 strategy. After selecting the game they wish to purchase and choosing crypto as the payment option, the user is guided through the Coinbase Commerce checkout, with the process typically completed in under a minute.

The Azarus store is packed with the latest video games that can be played on the leading consoles and on desktop. Dozens of categories include Action, First Person Shooter, Free to Play, and RPG. Players can filter results by region, price, issuer, and discount. For example, the Rockstar Games category contains numerous Grand Theft Auto V expansion packs. The Epic store, meanwhile, includes titles such as Marvel’s Midnight Suns.

Prior to introducing crypto payments, the Azarus store enabled players to earn Azercoins which could then be used to acquire gift cards or digital games. In addition to allowing players to buy games using crypto now, Azarus accepts fiat and PayPal. As a result, players can put Azercoins towards buying the items they like and use crypto or fiat to pay the remaining balance.

Azarus and Animoca Take on the Metaverse

The use cases for Azarus’ patented streaming overlay extend beyond merely gaming. It’s also being deployed in the metaverse aided by the company’s recent acquisition by Animoca Brands. Animoca has a major stake in the metaverse through the number of companies operating in this sector it’s funded. It believes this industry is the next frontier for live streaming and that Azarus’ technology is the optimum solution for facilitating this.

As the metaverse matures, it’s expected that streaming will become a mainstay, allowing content creators to guide viewers through virtual worlds, stores, and mini-games they’ve constructed. There’s also scope for esports to be live streamed from purpose-built metaverse stadiums. Adding the Azarus stream overlay and wallet into the mix will make for a more interactive and immersive experience.

A recent partnership between Azarus and Stream will support this endeavor and allow Azarus to strengthen its position as the preeminent streaming-enhancing service for multimedia of all kinds. Stream was developed using Azarus’ patented technology with the goal of driving better engagement between content creators and communities. The partnership with Azarus will accelerate this while providing further evidence of the versatility of its streaming tech.

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Decentralized computing platform Chainlink unveiled a new partnership with Circle, a financial technology firm known for issuing stablecoins like USDC and EURC. This collaboration aims to broaden the utility of stablecoins for enterprise institutions.

The partnership entails both companies collaborating to provide developer education on Circle’s Programmable Wallets and Smart Contract Platform, as well as Chainlink’s cross-chain interoperability protocol (CCIP), Data Feeds, and Proof of Reserve. This aims to assist developers in utilizing USDC and EURC to develop resilient applications for the future.

Circle offers a platform that enables businesses worldwide to utilize digital currencies and public blockchains in diverse sectors. It is the creator of USDC, a stablecoin backed by the United States dollar, and EURC, a stablecoin backed by the euro, both recognized as highly liquid and interoperable money protocols.

Leveraging its open and programmable platform along with application programming interfaces (APIs), Circle streamlines organizational operations. This allows businesses to seamlessly conduct international payments, develop globally accessible Web3 applications, and operate internal treasury functions.

Chainlink & @circle have partnered to expand the utility of #TokenizedAssets.See how the Chainlink platform’s highly secure industry-standard services & Circle’s tooling can support enterprises & DeFi developers leveraging USDC, EURC, & more.

— Chainlink (@chainlink) May 30, 2024

Chainlink Empowers Over $1.3 Trillion In USDC Transaction Volume And Expands Cross-Chain Transfer Support

Chainlink operates as a cryptocurrency with the goal of incentivizing a worldwide network of computers to provide reliable, real-world data to smart contracts operating on blockchain platforms. Through its price oracles, Chainlink has facilitated over $1.3 trillion in USDC transaction volume across six blockchains within a span of two and a half years, empowering the decentralized finance (DeFi) markets.

Earlier this year, Chainlink announced comprehensive backing of USDC via its Chainlink CCIP, facilitating secure cross-chain transfers and furthering the incorporation of DeFi into CCTP-supported blockchains.

Recently, Chainlink has partnered with Rapid Addition, a provider of financial information exchange solutions, to create a FIX native adapter customized for institutional digital asset transactions. This adapter will be integrated with the Chainlink CCIP, a protocol in which applications span token transfers, gaming, and DeFi.

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Decentralized virtual world platform The Sandbox announced it has forged the partnership with the mobile Web3 gaming platform Upland. This collaboration aims to encourage and enhance community creation and participation within both ecosystems.

“These are two of the strongest communities in Web3 gaming coming together to offer new ways for people around the world to build, create, and connect,” said Sebastien Borget, COO and Co-Founder of The Sandbox, in a written statement. “Our partnership signifies another step towards revolutionizing digital interaction, opening up access for creators and players to connect in new, immersive ways where interoperability drives cross-pollination of creation and innovation between different ecosystems,” he added.

In the first phase of the partnership, the goal is set to encourage both communities to explore and engage with each platform. The Sandbox will offer a drop of its neighborhood’s virtual properties in Upland to LAND owners. Meanwhile, Upland community members, known as “Uplanders,” will have the opportunity to win SAND tokens and non-fungible tokens (NFTs) by completing tasks in The Sandbox.

Furthermore, the partnership will allow both platforms to establish a mutual presence in each other’s virtual worlds. Upland will create its headquarters on a 6×6 LAND in The Sandbox, while The Sandbox will acquire a neighborhood in one of Upland’s cities.

Both companies are deeply involved in the development of an open metaverse. The Sandbox, a subsidiary of Animoca Brands, and Upland, an Animoca Brands portfolio company, are founding members of the Open Metaverse Alliance for Web3 (OMA3). This partnership marks an important step towards achieving the vision of an interconnected and collaborative virtual world.

The Sandbox And Upland Launch Design Competition For Users

Furthermore, to celebrate the launch, The Sandbox and Upland will collaborate on launching a design competition, showcasing the creativity and talent of both communities. Participants can submit designs for Upland’s headquarters in The Sandbox or voxel-styled structures to be featured exclusively in The Sandbox neighborhood within Upland.

The details of the design competition launch and the location of The Sandbox neighborhood on the Upland map will be revealed at Upland’s in-person Genesis Week event. Insights into the future vision of both companies will be shared during a fireside chat at the Sahara Hotel in Las Vegas on June 7th. Additionally, The Sandbox will offer a limited number of free tickets to LAND owners in the nearby area to encourage participation from The Sandbox community.

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An unexpected topic has gained prominence as the US presidential election of 2024 approaches – cryptocurrencies. Prompted by significant occurrences such as the historic adoption of a Bitcoin ETF in January 2024, voters in the United States are demonstrating an unparalleled inclination towards investing in digital assets such as Bitcoin and other cryptocurrencies. 

NEW POLL: With US elections on the horizon, American voters’ feelings about #crypto are coming into focus. Here are some of the findings from @HarrisPoll’s latest longitudinal survey on behalf of @Grayscale. 1/5Read the full report: https://t.co/d3mMEASVh9 pic.twitter.com/YrAf0LCBs2

— Grayscale (@Grayscale) May 28, 2024

Rise in Crypto Interest Among Voters

Critical opinion about this trend may be gained from the recently released Grayscale poll, which was conducted by Harris Poll between April 30 and May 2. According to the research, voters of all political stripes are starting to take cryptocurrency seriously. Just 40% of respondents in late 2023 anticipated that cryptocurrencies would be included in their investing portfolios; today, 47% do. As for the beginning of 2024, 32% acknowledged being more receptive to learning about and making cryptocurrency investments.

The sudden surge in interest in cryptocurrencies cannot be explained by a single cause. Rather, it results from the combination of many strong triggers, including ongoing inflation that is eating away at buying power, global wars that are straining traditional finances, and the overall maturity of crypto assets as a competitive alternative investment class. 

According to the Grayscale study, rising geopolitical tensions, persistent inflation (which ranked as the top election issue at 28%), and threats to the US dollar’s hegemony were the main reasons why 41% of respondents had paid more attention to Bitcoin during the previous six months.

Two significant events in 2024—US authorities’ approval of the first-ever spot Bitcoin ETF in January and Bitcoin’s most recent halving event in April, which limited new supply—are driving this cryptocurrency zeitgeist. According to Grayscale’s statistics, 18% of voters showed a greater interest in investing in Bitcoin following the approval of the ETF, while 20% showed a greater interest following the halving. The adoption of the Bitcoin ETF alone increased interest in cryptocurrency investments by 9% among the many seniors who are struggling with the effects of inflation on their savings.

The growing enthusiasm of voters for cryptocurrency has quickly transformed it from a specialized hobby to a powerful political force that will change the landscape of the 2024 election contest. In a dramatic change in perspective, candidates must carefully craft strong policy proposals in order to win over this growing investment class. They can no longer just mention cryptocurrency.

Joe Biden VS Donald Trump

The two front-runners for president, Joe Biden and Donald Trump, have taken radically different stances on cryptocurrencies. Realizing that cryptocurrencies appeal to voters, Trump has enthusiastically embraced them. He has attacked Biden for what he sees as attempts to murder the cryptocurrency business with a slow and agonizing death, but he has also declared himself to be quite favorable and open-minded about the sector. 

Trump now accepts crypto. pic.twitter.com/RaaMpafqNV

— Balaji (@balajis) May 21, 2024

Trump’s aggressive seduction of the vote is not coincidental. According to Grayscale, Republican supporters are more likely to value economic policies, inflation, and asset classes like Bitcoin that act as a safeguard against the depreciation of fiat currency.

On the other hand, the cryptocurrency community has given Biden’s administration a mixed reception due to its regulatory agenda, which they consider to be overly burdensome and not doing enough to encourage digital innovation. Concerns have also been raised by Biden’s planned hikes in capital gains taxes and elimination of tax breaks for cryptocurrency investments like the Bitcoin ETF. 

Though he pledged to limit the speculative excesses and illegal use of cryptocurrency, Biden is now under tremendous pressure from passionate Democratic supporters (whose ownership rates are 19%, comparable to those of Republicans) to reevaluate his position.

Now that both party bases are making claims in the cryptocurrency space, candidates need to carefully walk a tightrope when it comes to legislation. An overly strict stance runs the danger of offending younger voters—according to Grayscale, an astounding 62% of Gen Z and Millennial voters believe that cryptocurrency and blockchain represent the financial industry’s future. However, irresponsible laxity also poses risks by enabling illegal financing and speculative booms. Many have been obliged to soften their divisive language and look for subtle middle-ground ideas because of this difficult balance.

Most importantly, Grayscale’s research confirms that interest in cryptography transcends political affiliations. The fact that over 30% of respondents thought both parties were equally pro- or anti-crypto demonstrates the nonpartisan nature of the crypto electorate. Due to this equitable spread, there has been an unusual level of cross-party collaboration, as seen by the bipartisan support that both party institutions have given the FIT21 and SAB 121 measures.

The Potential and the Problems for DeFi in Politics

However, there will soon be significant policy conflicts that go beyond the rhetoric and fanfare. The final resolution of the ambiguous regulatory classification of cryptocurrencies, the prudent management of decentralized finance (DeFi), the establishment of tax laws that encourage crypto investment and innovation, the defense of consumers against dishonest actors, and the responsible integration of cryptographic blockchain Rail for effective payments and identity management are some of the major unresolved issues.

Due to their rare, decentralized, and really worldwide nature, blockchain assets like Bitcoin have the potential to revolutionize both the economic and geopolitical spheres. As a result, voter enthusiasm for cryptocurrency invariably collides with intricate issues of international financial system regulation and national security strategy. The geostrategic importance of cryptocurrency has already increased because of the escalating great power competition between China and Russia, which raises questions about money movement and digital dollar/yuan dominance.

The last test of crypto’s electoral ascent will come closer to November’s important election. Will voters’ enthusiasm translate into real electoral sway despite the verbal barrage of the campaign trail? Whichever side wins, one thing seems certain: the Overton window of acceptable public conversation has been violated by cryptocurrency. Its evolution from a scientific curiosity to a major force in the social, economic, and increasingly political spheres seems complete and unstoppable.

The 2024 cycle may well mark a historic inflection point where voter preferences reshaped by crypto permanently disrupt America’s political, financial, and technological trajectories. The structural impacts of voter-driven crypto ubiquity on governance frameworks, consumer behavior, and global power dynamics will reverberate for decades. 

The post Crypto Craze Sweeps the 2024 US Election: Voters Flock to Digital Assets Amidst Historic Bitcoin ETF Adoption appeared first on Metaverse Post.

30th May 2024 — In a spectacular development, Pepe Coin ($PEPE ) has surpassed a $7 billion market cap, underscoring its status as a prominent meme coin on the Ethereum blockchain. Since its listing on the Bitrue exchange on May 6, 2023, and the initiation of futures trading on October 31, 2023, PEPE has skyrocketed, achieving an impressive cumulative increase of 473%.

Inspired by the famous Pepe the Frog meme from the 2005 comic “Boy’s Club,” PEPE has captivated the cryptocurrency market with its explosive growth and dynamic performance. This meme, which gained widespread popularity in the 2010s, has been rejuvenated in the form of a digital asset, drawing significant attention from investors and traders alike.

The rapid growth of PEPE in 2024 has positioned it as a formidable competitor against other major meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE). As the bull market gains momentum, the question arises: Can PEPE outshine DOGE and SHIB to become the new leader in the meme coin sector?

Current Market Snapshot

Pepe Coin (PEPE): Trading at 0.00001625 USDT with a market cap of approximately $6.83 billion and a daily trading volume of $1.79 billion. The token has surged 46.7% over the past week but still requires a 112.4% increase to catch up with SHIB’s market cap.

Shiba Inu (SHIB): Trading at $0.00002465 with a market cap of around $14.51 billion and a daily trading volume of $770 million. The token has declined by 3.3% in the past week.

Dogecoin (DOGE): Trading at 0.164 USDT with a market cap of roughly $23.73 billion and a daily trading volume of $1.28 billion. The token has seen a 0.7% increase in the past week, maintaining its position as the largest meme coin by market cap.

Amid PEPE’s impressive rise, Bitrue has observed a significant shift in user trading sentiment. Data reveals that 71% of traders currently hold long positions on PEPE, reflecting a bullish outlook and growing confidence in the coin’s potential.

To support this trading enthusiasm, Bitrue offers a liquidation insurance program, ensuring a secure and worry-free trading experience for its users. To further engage its user base, Bitrue will also introduce a Guess-To-Earn event on the 31st of May at 00:00 UTC, asking participants to predict whether PEPE will surpass an $8 billion market cap before June 7. This event includes a prize pool of $10,000 in Futures Trial Funds for those who correctly predict PEPE’s market performance. More details will be shared on Bitrue’s official X account.

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Brand development company responsible for the Pudgy Penguins series of non-fungible tokens (NFTs), Pudgy Penguins, announced it has forged a partnership with the gaming technology studio Mythical Games to develop a Web3-enabled mobile video game.

Information regarding the upcoming game was first revealed during the cryptocurrency conference Consensus 2024, currently underway in Austin, Texas. The forthcoming mobile game will offer players an immersive gaming experience inspired by the lore of Pudgy Penguins, featuring AAA quality, playability, and accessibility akin to Mythical Games’ game NFL Rivals. Scheduled for release on the Mythical platform in 2025, the game will also be available on the Mythos Chain (MYTH), Mythical Games’ blockchain for gaming and entertainment.

“When we decided to create a mobile-first AAA blockchain-based Pudgy Penguins game, working with Mythical Games is something that excited me. Our growth strategy that has reached millions, combined with Mythical Games’ experience and success with gaming, sets up this endeavor for success, said Luca Netz, CEO of Pudgy Penguins, in a written statement. “We can’t wait to show the Pudgy Penguins community what’s in store and solicit their feedback as development ramps up,” she added.

Leading up to its launch, Pudgy Penguins NFT holders will receive exclusive content, previews of in-game footage, and the chance to contribute to key elements of the game’s development. Designed to resonate with both the Pudgy Penguins community and the wider gaming audience, the game aims to expand the brand and ethos of Pudgy Penguins.

Pudgy Penguins Explores Metaverse And Surpasses Bored Ape Yacht Club In Floor Price

As a set of 8,888 NFTs on Ethereum, Pudgy Penguins were established by a group of college students in July 2021. In April 2022, they were purchased by Luca Netz for $2.5 million. Since then, Pudgy Penguins has cultivated a robust community and garnered widespread appeal.

Earlier this year, Pudgy Penguins revealed its intention to venture into the metaverse, resulting in a brief period where the project surpassed the Bored Ape Yacht Club in floor price in February. Additionally, the project intends to debut its Pudgy World alpha on the zkSync Era blockchain later this year. Recently, Pudgy Penguins announced the sale of over one million plush toys through multiple retailers, underscoring substantial demand for its popular intellectual property (IP).

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The financial industry is under serious danger from the increased complexity and frequency of cyberattacks, with central banks being particularly vulnerable because of their crucial role in protecting sensitive data and financial infrastructure. The emergence of ChatGPT and other generative artificial intelligence (gen AI) models has presented central banks with new cybersecurity options as well as difficulties.

Current Status of Gen AI Adoption

According to a recent poll by the Global Cyber Resilience Group (GCRG) in January 2024, 26% of central banks expect to incorporate such technology over the next year or two, while 71% of central banks are currently employing such AI techniques. Even with this high rate of acceptance, only 19% of these organizations have a clear plan in place for integrating Gen AI, with the bulk (55%) still in the planning stages. This careful strategy is a result of the unknowns around the best use of genetically altered intelligence and the dangers and rewards that go along with it.

Photo: Adoption of gen AI in central banking, BIS

Numerous general artificial intelligence (gen AI) applications used by central banks are highlighted in the report, such as fraud detection, cyber threat identification, and the automation of repetitive administrative chores. These apps allow central banks to commit greater funds to key protection projects while simultaneously improving operational efficiency. The integration process is intricate, though, and calls for thorough preparation as well as a sizable investment in both human and technological resources.

Benefits of Gen AI as Seen by Others

Central banks understand that artificial intelligence (AI) has a big impact on improving cybersecurity. According to the poll, 57% of participants said that the main advantage of gen AI is the ability to identify cyber threats. This feature makes it possible to identify possible dangers by analyzing huge datasets that would be impossible to handle using more conventional techniques. 

Other alleged advantages include fraud detection, which makes use of AI’s capacity to identify odd patterns suggestive of fraudulent activity, and code generation and debugging, which expedite the construction of safe software systems.

Photo: Effectiveness of gen AI for defense against cyber threats, BIS

Furthermore, gen AI can improve operational efficiency by automating repetitive processes like email composition and document summarization. Central banks may alleviate the workload on their cybersecurity teams by automating these procedures. It frees them up to concentrate on more intricate and crucial areas of their security measures. 

Possibilities to Improve Cybersecurity

There are several ways that central banks might strengthen their cybersecurity with the help of Gen AI. Cyber risk management has always made use of traditional machine learning methods; however, gen AI can further augment these skills.

Compared to conventional techniques, Gen AI can recognize and address cyber threats more rapidly and precisely. Gen AI frees up cybersecurity professionals to work on more important projects by automating time-consuming duties. Gen AI makes it possible for central banks to go from reactive to proactive threat management, allowing them to identify and eliminate risks before they become real. Furthermore, by using machine learning algorithms that adapt to every new threat, generation AI may help maintain the ongoing improvement of cybersecurity defenses.

Risks and Difficulties with Further Adoption of Gen AI

Gen AI has several risks and challenges in addition to its benefits. Sensitive data disclosure without authorization and the emergence of new cybersecurity vulnerabilities like social engineering and zero-day attacks are two possible outcomes. This is particularly troublesome when AI systems are trained on large datasets that contain sensitive data. A major barrier to effective deployment and management is the shortage of personnel with knowledge of AI and cybersecurity techniques.

Photo: Risks and challenges posed by AI adoption for cyber security, BIS

Central banks must fund training programs to develop a staff that can handle the complexity of AI-driven cybersecurity. Modern AI systems must be constantly updated and monitored in order to combat new threats since they are dynamic. This calls for a large investment of cash as well as human capital. If these issues are not resolved, significant disruptions and security breaches may occur.

IT and Human Capital Investment

The report emphasizes how crucial it is to spend money on human resources and IT infrastructure in order to fully utilize the advantages of gen AI. Cloud-based gen AI applications are being used by central banks, although with limitations to reduce risks. This entails putting strong security measures in place to safeguard cloud environments and making sure that any data kept there is protected and safe.

Additionally, everyone agrees that although general-purpose AI can do regular cybersecurity jobs, human oversight is still necessary to guarantee moral results and ongoing AI system training. Hiring and training employees who are knowledgeable in both cybersecurity and AI technology must be a top priority for central banks.

Photo: AI, cyber security and human capital of central banks, BIS

Staff must participate in ongoing education and training programs to stay current on the most recent developments in cybersecurity and artificial intelligence. By continuing to invest in human capital, central banks may successfully utilize artificial intelligence (AI) while reducing the related risks. Central banks can maintain strong cybersecurity defenses and remain ahead of emerging threats by cultivating a culture of constant learning and innovation.

Prospects for Gen AI in the Future

With a near-term adoption rate that is getting close to 100%, the future of generation AI in central banking is bright. However, resolving the difficulties and dangers posed by its use is necessary for the technology’s effective incorporation. Central banks can protect their operations from emerging cyber dangers and fully utilize the promise of artificial intelligence.

Furthermore, global collaboration and information exchange will be essential to the successful application of gen AI in cybersecurity. Global cybersecurity guidelines for the financial industry are already being worked toward by groups like the Financial Stability Board and the G7. In the age of artificial intelligence, better cooperation between central banks and regulatory agencies may result in a more unified and successful strategy for handling cyber hazards.

Photo: The future landscape of AI and cyber security, BIS

Central banks have a revolutionary potential to improve their cybersecurity protocols with the help of generative AI. Although there are many advantages to technology, there are also new concerns that need to be carefully considered. Central banks may better manage the challenges of implementing artificial intelligence (AI) and fortify their cybersecurity by employing strategic planning, ethical deliberation, and significant investments in human and technological resources.

The post Securing Tomorrow: Central Banks Forge Pathways to Future-Proof Cyber Defense with Gen AI Innovations appeared first on Metaverse Post.

Bucharest, Romania, May 30th, 2024, Chainwire

Banksters, the pioneering trading game that is gamifying financial education through integration of NFTs, has today announced that its $BARS utility token will soon be listed on several leading cryptocurrency exchanges. 

On May 30, Banksters’ native $BARS token will become available for trading on MEXC, BingX. Also expected other listings. The asset plays a central role within the Banksters ecosystem, providing users with utilities that elevate the gaming, investment, and educational experience. 

“Listing $BARS on major exchanges is a significant milestone that will increase accessibility to our ecosystem. Our gamified approach educates everyday users on financial concepts through immersive trading experiences, while the $BARS token creates real utility and incentives tied to economic principles. In addition to the game and token, players also have opportunities in the form of contests on our social networks in partnership with other projects. This, together with the completely open and new approach on tokenomics, provides the opportunity to really evaluate their future perspective”. — Alexandru Carbunariu, CEO and CMO of Banksters

Within the Banksters game, players can mine for in-game tokens using default mining equipment, with the opportunity to earn real crypto rewards during “investment run” events. The amount of entries a player can have is proportional to the prize pool comprising actual cryptocurrency. 

The $BARS token serves as an entry fee for certain investment runs, simulated trading experiences powered by real-world market data. The token is also used to level up Banksters NFT characters, upgrade mining rigs, mint new Banksters.

Banksters, which is available via browsers and also Google Play, recently conducted successful $BARS token sales through leading launchpad platforms BullPerks, Games Pad, and StormGain. The token sold out on all three venues, with 1 million BARS ($40,000 USDT) sold on GamesPad, 4 million ($160,000 USDT) on BullPerks and 8.75 million ($350,000 USDT) on StormGain. The sale was preceded by an airdrop campaign that saw the top 1,000 most active users win a prize pool of NFTs valued at 100,000 USDT.

About Banksters:

Banksters is an simulator and trading game that incorporates NFT technology to offer an immersive experience that gamifies common elements of our everyday lives. The platform expands on this niche genre by successfully ‘gamifying’ trading, making it more accessible and enjoyable for a diverse audience, including traditional gamers.

Website | Telegram | X | YouTube | Instagram | Discord | TikTok | Medium

Contact

Irina Gatilovairina.gatilova@banksters.com

The post Banksters’ Token Set to Launch on Leading Crypto Exchanges, Does It Have the Best Tokenomics? appeared first on Metaverse Post.

The Canadian Anti-Fraud Centre (CAFC) and the Canadian Investment Regulatory Organization (CIRO) have issued a warning about the growing threat of sophisticated scams aimed at Canadian investors as a proactive measure to protect its citizens. Extended online contact is a common component of these scams, which use social manipulation techniques to trick gullible victims into giving up their hard-earned money.

Photo: Crypto scam, CBC

The authorities in Canada have called attention to two especially harmful categories of fraud: cryptocurrency investment schemes and romance scams, which are also known as pig slaughtering scams. Both versions operate in a similar way, taking advantage of people’s emotions and trust while relying on the attraction of cryptocurrencies and their potential for large rewards.

Scams Using Cryptocurrency and Pig Butchering: Unrealistic Riches Promises

Scams involving cryptocurrency investments have spread around the world, taking advantage of people’s enthusiasm for digital assets and the possibility of being financially independent. These frauds frequently present themselves as respectable investment options while offering astronomical returns on crypto investments.

After being tempted, victims are persuaded to transfer money or cryptocurrency into the trading accounts of the con artists. Small withdrawals could be permitted at first to create a false impression of legality, but in the end, the victims’ ability to access their invested cash is cut off, putting them in dire financial straits.

Photo: WallStreetMojo

Canadian officials have identified a number of warning signs linked to these scams, such as unwelcome messages from other people on dating apps or online platforms, references to easy money to be made in the cryptocurrency market, invitations to visit websites related to cryptocurrencies that offer guaranteed returns, and the provision of falsified financial records showing imaginary profits.

Although the phrase “pig butchering” may seem innocent, it conceals the subtle aspects of this particular swindle. These frauds, which are sometimes referred to as cryptocurrency romance scams, take advantage of people’s feelings and yearning for the company while tying in the promise of money.

Scammers usually use dating apps, social media, or even “wrong number” SMS messages to reach out to potential victims. They then use advanced social engineering techniques to establish a rapport with these victims. As the conversations go, they seem to be developing a romantic relationship, which builds trust and emotional commitment.

After the victim’s guard is down, the con artist presents the idea of investing in cryptocurrencies, frequently posing as a profitable trader or financial counselor. After that, victims are urged to send money to certain wallets or accounts or invest in the scammer’s fictitious trading platform under the pretense of taking part in profitable investment possibilities.

Photo: Crypto scam, CBC

Similar to other cryptocurrency frauds, the first phases can include permitting modest withdrawals in order to support the appearance of validity. But as soon as the victim transfers significant sums of money or cryptocurrency, the con artist suddenly cuts off communication, leaving the victim heartbroken both financially and emotionally.

The Development of International Cybercrime Syndicates

The presence of international criminal groups, especially those based in nations like Myanmar and Cambodia, exacerbates the threat presented by these frauds. These criminal organizations have a history of engaging in human trafficking, using victims as virtual slaves to carry out large-scale pig slaughtering schemes.

Authorities have discovered unsettling tales of victims who have lost enormous amounts of money—sometimes more than millions of dollars—to these highly skilled criminal businesses. These activities are cross-border in nature, which adds another level of complication and makes it difficult for law enforcement to find and capture the offenders.

The Canadian Reaction: Spreading Knowledge and Educating People

Taking proactive measures to prevent individuals from falling prey to these deceptive schemes, Canadian authorities have launched awareness programs in recognition of the serious threat these frauds pose.

Canadians have been advised by the CAFC and CIRO to proceed with utmost caution when interacting with those who talk about investing in or trading cryptocurrencies, especially if they do so online. Additionally, they have cautioned against making investments based only on the advice of someone you met online, stressing the value of speaking with licensed financial advisers.

Authorities have also urged the public to exercise caution when promised high, rapid, or low-risk returns are made because they are frequently signs of fraudulent schemes. It’s also highly advised to report suspected investment fraud to the relevant authorities, such as the CAFC, CIRO, and local law enforcement.

Worldwide Consequences of Crypto Hacks and the Need for Coordinated Action

The rise in cryptocurrency fraud is not limited to Canada; it is an international issue that has taken victims in many other countries. The strategies used by fraudsters are growing and changing along with the digital asset market, which emphasizes the necessity for coordinated international efforts and cooperation between regulatory agencies and governments.

Photo: Chainalysis

A dismal picture is painted by recent figures, which show that in 2023, investment fraud losses in Canada reached an astounding $309.4 million, the biggest amount of losses ever recorded to the CAFC in that year. A significant $172 million of that total came from frauds involving social media, highlighting the part that internet platforms play in helping to perpetrate these kinds of scams.

A number of high-profile events have occurred in the cryptocurrency space globally, which has increased worries about the sector’s susceptibility to bad actors. Hundreds of millions of dollars were lost as a consequence of the BlockTower Capital breach, the Pump.fun vulnerability, the Gnus.AI Discord hack, and the PlayDapp vulnerabilities combined.

Photo: Chainalysis

Creating a Course for the Future of Crypto Security

It is critical that all parties involved in the cryptocurrency ecosystem—developers, exchanges, regulators, investors, and others—work together to solve the urgent problem of cryptocurrency scams as the sector develops and grows.

Regulatory agencies are essential in creating a framework that protects consumer interests while promoting innovation. By imposing new reporting standards on crypto-asset service providers and strengthening sector monitoring, the Canadian government’s decision to implement the global Crypto-Asset Reporting Framework (CARF) by 2026 is a positive move.

The post The Global Syndicates Fueling Canada’s Battle Against Cryptocurrency and Pig Butchering Frauds appeared first on Metaverse Post.

May 30th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has published its May 2024 Proof of Reserves (PoR) report, transparently demonstrating a reserve-deposit ratio of 115.34% and a total reserve value of $6.49 billion (USD) at the time of completion.

This latest report covers over 209 digital assets, an increase of 20 since the previous report, and maintains its position as the most extensive of any exchange. Other key data from the report include:

Gate.io Total Reserves: $6,492,214,095

Excess Reserves: $863,807,685

Reserve-Deposit Ratio: 115.34%

BTC: 116.55%

ETH: 113.43%

USDT: 105.47%

USDC:  102.65%

Gate.io was one of the first exchanges to commit to PoR in 2020 and has consistently enhanced its reporting methods since. Its PoR method, audited and praised by the leading blockchain security firm Hacken, has also been released as open-source to encourage industry participation. More recent upgrades, such as increased reporting frequency, broader coverage, and the introduction of zero-knowledge tech for better privacy and security, demonstrate the exchange’s commitment to meticulous reporting and transparency.

“We are pleased to share the publication of our May 2024 Proof of Reserves report, underscoring our unwavering dedication to transparency and accountability. Our commitment to upholding a robust reserve-deposit ratio and expanding our reporting standards reflects our ongoing efforts to ensure the security and confidence of our users and the industry,” said Gate.io Founder and CEO Dr. Lin Han.

Gate.io’s May 2024 reserves report is available on its PoR portal. Users can independently verify that their accounts and deposits were reflected and access other related information.

The post Gate.io’s May 2024 Proof of Reserves Report Shows $6.49 Billion with 115.34% Ratio appeared first on Metaverse Post.

Grand Cayman, Cayman Islands, May 30th, 2024, Chainwire

The integration of Atoma adds new capabilities to Sui’s flourishing developer ecosystem with unique AI-querying capabilities

Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, together with Atoma Network, pioneers in decentralized AI, are excited to announce the introduction of a cutting-edge verifiable inference network designed to optimize AI queries off the main chain and dedicated exclusively to Sui and maintaining Sui’s leading efficiency and speed.

By tapping into the AI that powers applications, allowing for real-time decision-making like changing NFTs and AI-based smart contracts, blockchain applications can evolve in an unprecedented way. For example, NFTs could improve as users interact with them, and smart contracts can adapt to dynamic circumstances. 

“Atoma Network is extremely excited to partner with Sui to expand access to AI solutions across the network,” ​​said Jorge Antonio, CTO and Co-founder at Atoma. “By combining forces with Sui’s unparalleled technology platform we will democratize AI and enable developers to create sharper and more intuitive applications.”

This collaboration focuses on further streamlining developer productivity by integrating AI into Sui’s APIs and SDKs. This addition democratizes complex functionalities, opens blockchain development to a wider range of builders, and reduces the time it takes to use certain AI-driven applications. Using Atoma, developers can modernize their projects across nearly every sector with the latest in AI and blockchain innovation.

Agents: Build and launch agents to automate workflows and more effectively monetize on-chain activity. 

DeFi Protocols: Offer automation, risk analysis, prediction, and sentiment analysis features for DeFi builders and users. 

NFTs & Gaming: Enable the creation and secure storage of generative AI assets and DNA-based NFTs. 

DAOs: Make governance and decision-making seamless for DAO members.

Coding & Auditing: Accelerate the development process with AI code generation and accurate, automated audits.

Social Media & Advertising: Automate classification and fact-checking.

In the long run, the cooperation could enable individuals to create new digital goods using no-code interfaces and AI-based natural language interactions. 

“Combining Sui’s rapid and scalable blockchain with Atoma’s AI tools will empower developers and builders in the Sui ecosystem to create applications with enhanced functionality,” said Greg Siourounis, Sui Foundation’s Managing Director. “This collaboration represents a significant moment in Sui’s AI journey and reinforces its commitment to ensuring that builders on Sui have access to the most advanced tech stack possible.” 

Developers interested in incorporating AI-driven programs are expected to be drawn to the blockchain resource, which will help expedite the growth of both the Sui and Atoma ecosystems.

Contact

Sui Foundationmedia@sui.io

The post Sui and Atoma Bring the Power of AI to dApp Builders appeared first on Metaverse Post.

Public gaming blockchain Oasys (OAS) announced the release of its technology roadmap with the goal of advancing and broadening the overall ecosystem through “application data availability.” Oasis seeks to establish a seamless continuity of assets within the gaming industry, ensuring that players’ memories and records are securely and permanently preserved.

Oasys aims to address three core components—application data availability, Layer 2 interoperability, and ecosystem scalability—as it evolves independently toward becoming a unified and scalable ecosystem.

In the short term, Oasys plans to further its collaboration with ecosystem partners to establish standardized specifications for Gaming Assets and develop practical game use cases based on these standards. Furthermore, Oasis will offer the Oasys Verse Developer Kit, equipped with proven ecosystem components, to streamline the process of ecosystem construction and enhance Ecosystem Scalability by reducing developer time and resource expenditure.

Additionally, Oasys has outlined a mid-term plan spanning the next two to three years, which involves addressing issues at the protocol Layer. Specifically, the plan includes implementing a distinctive solution to replicate Layer 2 “Gaming Assets” on Layer 1. Moreover, Oasys aims to develop standardized protocols to facilitate interoperability between Layer 2 networks and offer additional developer tools.

We're revealing the new #Oasys technology roadmap aligned with blockchain development trends and recent directions within the Ethereum ecosystemThis roadmap is designed with a focus on game asset continuity, diverse L2 interoperability at the protocol layer, and the provision… pic.twitter.com/wtrK2Y1E7n

— Oasys | Blockchain for Games (@oasys_games) May 30, 2024

All About Oasys: Blockchain For Games 

Oasys is a Proof-of-Stake (PoS) public blockchain that is compatible with the Ethereum Virtual Machine (EVM), designed to address the most challenging issues faced by blockchain game developers. Its superior performance is attributed to its two-layer architecture. The first layer, known as the Hub Layer, which is a fork of Ethereum, provides high network stability, limitless scalability, and continuous data availability. The second layer, called the Verse Layer, utilizes Optimistic rollup technology and serves as the platform where developers can create their decentralized applications (dApps). 

OAS, the native token of Oasys, serves multiple purposes within the ecosystem, including fee payments, participation in validator staking, and governance. 

Recently, OAS was listed on the South Korean cryptocurrency exchange Upbit, facilitating trading with USDT and BTC trading pairs. Furthermore, the platform has introduced its own version of the Captain Tsubasa game and integrated the play-to-earn blockchain game Chain Colosseum onto its blockchain.

The post Oasys Reveals Technology Roadmap, Aims To Standardize Gaming Assets, Ensure L2 Interoperability, And Provide Developer Tools appeared first on Metaverse Post.