Despite general trends, Ethereum and BNB show indications of bullish momentum amid unstable market conditions. Concurrently, BlockDAG, a layer 1 blockchain project, has attracted significant investment due to its promising future. 

With its innovative X100 miner, BlockDAG is positioned for substantial growth, potentially offering returns exceeding 30,000 times the initial investment. Its presale has surged past $56.9 million, underscoring strong investor interest. As we examine Ethereum projects and analyse BNB’s price trends, it becomes evident that BlockDAG emerges as one of the top altcoins for 2024, promising lucrative returns amidst the current market landscape.

Ethereum’s Strength and Upcoming ETFs

Ethereum has witnessed notable withdrawals, with over $120 million pulled from Ethereum-tracked exchange-traded products (ETPs) in recent weeks, marking the highest outflow since August 2022. Despite these withdrawals, optimism grows with the anticipated approval of Ethereum ETFs in the United States. These ETFs could attract up to $5 billion in net inflows within the first five months, driven by independent financial advisers and broker/dealer platforms.

The introduction of Ethereum-based products, such as ETFs, highlights sustained interest in the platform. Both Galaxy and Bitwise anticipate significant demand, with Bitwise projecting inflows of $15 billion over the next 18 months. This expected influx of capital underscores Ethereum’s enduring relevance in the market and its potential for future expansion.

BNB Price Analysis: Recent Trends and Key Indicators

BNB has experienced renewed trading activity, with a 3% price increase following a rebound from a major trendline support level. This movement comes after a ten-day consolidation period, demonstrating the resilience of BNB bulls. However, the $593 resistance level remains a significant hurdle, as multiple tests indicate a struggle between bullish and bearish market forces.

Whale accumulation has played a crucial role in BNB’s recent performance. Data indicates a whale-to-retail investor ratio of 79, reflecting strong interest from institutional investors. This accumulation phase typically results in increased buying pressure. Ongoing development efforts further bolster investor confidence, reinforcing BNB’s fundamental strength. Analysis of BNB’s price suggests that surpassing the $593 resistance could propel the cryptocurrency to higher valuation levels.

BlockDAG: A Promising Competitor with Cutting-Edge Technology

BlockDAG has captured considerable investor attention with its presale, which has exceeded $56.9 million. Currently in its 19th phase, BlockDAG’s price has surged by 1300%, rising from an initial $0.001 to $0.014. Central to this growth is the state-of-the-art X100 miner, integral to BlockDAG’s ecosystem and positioned as a leading altcoin for 2024.

The X100 miner represents a powerhouse in cryptocurrency mining, boasting a 2 TH/s hash rate and consuming 1800W of power. This device can potentially generate up to 2,000 BDAG daily, making it highly attractive for miners. Its design balances high performance with controlled noise levels, making it suitable for various operational environments. Advanced ASIC technology in the X100 enhances computational power, optimising block mining efficiency and profitability.

The X100’s scalability and energy efficiency contribute to BlockDAG’s long-term viability. With the X100, BlockDAG aims to attract more miners, thereby enhancing network security and increasing the value of its cryptocurrency. Consequently, BlockDAG presents a compelling investment opportunity, potentially yielding returns of up to 30,000 times the initial investment. Investors seeking substantial returns should consider BlockDAG, which is distinguished in the competitive cryptocurrency market.

Key Insights

Ethereum and BNB demonstrate robust potential amid market fluctuations. The impending introduction of Ethereum ETFs could attract substantial investments, while BNB’s institutional whale accumulation suggests enduring interest. Nevertheless, BlockDAG distinguishes itself with its innovative ecosystem and impressive presale performance. 

The X100 miner, with its high hash rate and profitability potential, positions BDAG as a standout choice for 2024 among altcoins. BlockDAG’s presale has surged beyond $56.9 million, marking a 1300% increase from $0.001 to $0.014. For investors eyeing the top altcoins for 2024, BlockDAG offers an enticing opportunity.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Top Altcoins for 2024: BlockDAG’s X100 Miner Drives Presale to $56.9M Amid Ethereum Product Outflows & BNB Price Surge appeared first on Crypto News Land.

Would you like to leave your everyday job and make even more by investing in a crypto that guarantees returns? While DOT coins and Bitcoin Cash have disappointed investors, MoonBag (MBAG) meme coin is at your service to lift your spirits all the way to the moon! 

The skilled MoonBag Monkey has promised to navigate the cosmos, which has been fuelled by investor response and has been more than enthusiastic. With over 3.3 million USD collected over a span of 6 presale stages, MoonBag will soon land on the moon. With features like stable coin prices and rewarding schemes awaiting you during MoonBag’s best crypto presale, why would you, as an investor have any second thoughts before investing?

Polkadot – DOT Coins Drag Down Investors’ Expectations After Huge Price Dip!

Polkadot is also a part of the long list of cryptocurrencies that have failed to sustain their prices against a market dip. Polkadot’s performance could have been more satisfactory. Signified by a price drop of 19.8% during the previous month, Polkadot’s perception among investors has become like that of a volatile and ineffective currency that has failed to maintain its standards.

Though the utility of launching DOT coins was very appealing because they allowed staking and governance, the crypto failed to make a mark in the hearts of investors. With cryptos like MoonBag becoming the best crypto presale, why would an investor choose other cryptos over it?

Bitcoin Cash – Bitcoin’s Spin-off That Didn’t Work!

Bitcoin Cash was launched as a competitive crypto against Bitcoin to diverge some of the investor flow away from Bitcoin Cash. Despite similar utilities being offered across both platforms, Bitcoin Cash has disappointed investors with its inability to deal with large investor flow.

Heavy transactions have caused malfunctions, making investors question the security system and scalability of the network. Additionally, volatility further drags down investors’ interest in Bitcoin’s Spin-off. With cryptos like MoonBag earning the title of the best crypto presale, investors are choosing MoonBag meme coin over Bitcoin Cash.

MoonBag Meme Coin’s Best Crypto Presale-Rewards Exceed Expectations by Miles!

For any coins bought now -during the sixth stage- MoonBag also offers a 66.677% increase upon the beginning of the seventh stage. Cumulatively, an ROI of 567% awaits investors by the end of the presale if they invest right now. During its sixth stage, MBAG is priced at just $0.0003, allowing you to make larger investments by spending less. It may be smartest to invest now before the coin prices rise and your profit margin gets reduced. 

This convenient way to earn a passive income will almost double your investment before you know it. With rewards exceeding expectations, you are just one click away from achieving your biggest financial dreams! 

MBAG Referral Programme

MoonBag crypto offers a stellar deal for all investors using a referral code to buy their coins. 10% referral profit will be added to your existing investment, and you will be put on the leaderboard. The top 20 highest investors would receive a 10% referral reward in USDC using their code and their names would be announced on MoonBag’s social media. 

Conclusion

While Polkadot and Bitcoin Cash remain lacklustre, MoonBag is coming one step closer to completely fueling its flight with every investor’s purchase. To stabilise your future and earn a fun crypto experience, join MoonBag’s best crypto presale now and see your dream unfold before you!

Invest in MoonBag Presale 

Website: https://moonbag.org/

Presale: https://moonbag.org/presale

Telegram: https://t.me/moonbag_official

Twitter: https://twitter.com/moonbag_org

The post Crypto World Applauds MoonBag’s Superb Presale: Polkadot and Bitcoin Cash Urged to Step Up appeared first on Crypto News Land.

Ethereum’s $2M “Attackathon” aims to be the largest crowdsourced security audit of its blockchain codebase.

The “Attackathon” will see security researchers identifying vulnerabilities in Ethereum’s code during a four-week challenge.

Ethereum’s upcoming “Pectra” hard fork includes major updates like “social recovery” and smart contract-like wallet features.

Ethereum has planned to kick off the first hackathon ever with $2 million prize money. This event’s objective is to become the largest crowdsourced security audit of the blockchain’s codebase. Over a four-week ‘audit,’ the ‘Attackathon’ will have hackers try to find holes in the code of the protocol at hand. This project is being executed by the Ethereum Protocol Security Research team to improve the security of Ethereum.

The hackathon will start with a technical walkthrough of the blockchain’s code. This ensures participants are well-prepared to identify and understand potential vulnerabilities. Only impactful and rule-compliant reports will be rewarded. Immunefi, a bug bounty platform, will host the event. They will gather the findings into a comprehensive report detailing the discovered vulnerabilities. Besides, the EPS team contributed $500,000 to the prize pool. They are also seeking sponsors to rise another $1.5 million by August 1, when more details will be shared.

One audit competition to rule them all Immunefi, in collaboration with the @Ethereum Foundation, presents the first-ever Attackathon to enhance Ethereum’s protocol security. Become a sponsor and help make history 1/4#EFxImmunefi pic.twitter.com/m1HtH6G2r0

— Immunefi (@immunefi) July 8, 2024

Significance of the Event

Tech events such as hackathons are not foreign, and neither is the crypto sphere. However, this event stands out due to its prize pool and focused objective. The EPS team plans to host similar hackathons at every hard fork covering changes to the codebase. The next “Pectra” hard fork is expected to go live late this year or early next. This upgrade combines the “Prague” and “Electra” upgrades and introduces significant features for users.

Moreover, the planned updates include a “social recovery” feature. This feature could eliminate the need to remember the up to 24-word private wallet key. This has been a hallmark of the technology since its creation. It also aims to give wallets smart contract-like features. Consequently, these improvements could enhance user experience and security.

Broader Implications for Crypto Security

Crypto projects often host hackathons and offer bug bounties to entice hackers to share their exploits ethically. Immunefi’s website shows that most bounties range from tens to hundreds of thousands of dollars. However, the largest reward offered by LayerZero reaches $15 million. Hence, Ethereum’s $2 million hackathon aligns with this trend, offering a substantial incentive for participants.

Additionally, the EPS team’s commitment to regular hackathons reflects a proactive approach to security. This initiative underscores the importance of ongoing security audits in maintaining blockchain integrity. As the crypto space continues to evolve, such events are crucial in identifying and mitigating potential risks.

Ethereum’s “Attackathon” hackathon represents a significant step towards enhancing blockchain security. With a substantial reward pool and a clear objective, this event is set to make an impact in the crypto space.

Read also:

VeChain Rewards Top X-to-Earn DApp Projects at EasyA Hackathon

The TRON Grand Hackathon 2022 Returns for Season 2

Polkadot Global Hackathon Now $270K Prize Pool

Summer of Shibarium Present Shibarium Hackathon, Grand Prize $5,000

Sui Overflow Hackathon Funding Pool Balloons to $1,000,000 as New Sponsors Join

The post Ethereum’s $2M “Attackathon” Hackathon Targets Blockchain Security appeared first on Crypto News Land.

Hold onto your leashes, folks! While Cardano and Solana have been lounging in the sun, a new litter of crypto pups is tearing up the yard. These frisky tokens are bringing more tricks to the table than a dog show champion.

At the front of the pack, PawFury’s latest presale splash has people wagging their tails. There are other dogs on this playground, though. The cryptocurrency world is more interesting than ever, from Dogecoin’s meme culture to Polkadot’s dreamlike connections. 

Cardano (ADA) and Solana (SOL): All Bark, No Bite?

Look, Cardano and Solana had their time. But Pawfury’s fetching the future:

• Cardano’s been promising smart contracts since forever. Yawn.

• Solana? More like So-long-a after those network hiccups.

• Meanwhile, Pawfury’s already teaching old chains new tricks.

Pawfury (PAW): Where Your Wallet Grows and Trees Sprout

This isn’t your average crypto puppy. Pawfury’s got teeth:

• Earn while you play: Rack up $PAW tokens faster than a squirrel on caffeine.

• NFT wonderland: Collect, trade, and show off digital doggos that’d make Snoop jealous.

• Save the planet: A chunk of the profits goes to planting trees and scrubbing oceans. Who’s a good boy? You are!

Meet the Furry Faces of Finance

Pawfury’s squad isn’t just cute – they’re cash cows in canine clothing:

1. Max (Shiba Inu): This samurai Shiba’s slicing through carbon faster than you can say “to the moon.”

2. Yuki (Samoyed): Tech whiz turning pollution into cold, hard cash.

3. Boris (Bulldog): This grizzled vet sniffs out gains in any market.

4. Spike (Husky): Guardian of green spaces and your growing stash.

5. Maya (Lab): Healing the planet while pumping your bags.

Why Pawfury’s Making the Big Dogs Nervous

• Utility that’ll make your head spin: $PAW isn’t just another pretty token.

• Gaming that’s actually fun: Because staring at charts is about as exciting as watching paint dry.

• Real-world impact: Feel like a hero while you’re padding your wallet.

Pawfury by the Numbers: This Dog Can Hunt

The presale’s not just hot – it’s on fire. With 1.12 billion tokens up for grabs, investors are panting to get in on the action. Check out these juicy bones:

• Early birds get the worm (or the bone?): Snag up to 98% discounts if you’re quick.

• Staking rewards that’ll make your tail wag: Lock up your $PAW and watch it multiply.

• Vesting bonuses to drool over: The longer you hodl, the more treats you get.

Don’t Be the Last Pup at the Bowl

Ready to join the pack? Here’s how to sink your teeth into Pawfury:

1. Sniff out the official Pawfury website (careful of copycats!)

2. Connect your wallet faster than a dog chasing a frisbee

3. Throw down some bones (remember, bigger bites mean bigger rewards)

4. Sit back and watch your investment grow like a Great Dane puppy

Listen up, crypto enthusiasts – the Pawfury express is leaving the station, and it’s packed with treats. Don’t get left behind chewing on yesterday’s rawhide while the cool kids are feasting on prime rib. Pawfury: where every dog has its payday.

For more information, see:

Website: https://www.pawfury.com/ 

Whitepaper: https://www.pawfury.com/static/en/whitepaper.pdf 

Twitter: https://x.com/Paw_Fury

The post Pawfury’s Presale: Cardano and Solana Investors Sniff Out a New Top Dog appeared first on Crypto News Land.

What if someone tells you a property worth pennies will gain immense value shortly? Would you dare to take the leap of faith? Many people don’t. They fear leaving their comfort zones regarding finances and live in a rabbit hole. If you want to make it big in life, know that the MoonBag listing on LBank is on 11th October 2024 – making it high time to buy MoonBag (MBAG). 

The news has taken the crypto world by storm, with everyone praising MoonBag meme coins. It’s because this monkey meme coin has proved its worth. After raising over 3.3 million USD in the sixth presale stage and providing a whopping ROI for early investors, MoonBag crypto is now set to enter the listings. 

MoonBag Listing on LBank Makes Investors Go Bonkers 

Since entering the market, MoonBag crypto has attracted investors for various reasons. Some investors jumped ship because of MoonBag’s staking rewards, while others were impressed by its strong liquidity boosts. These days, the news of MoonBag’s listing on LBank is attracting investors from different coins, igniting the spark and making MoonBag crypto investors’ favourite.

MoonBag listing on LBank is more than a step forward for the monkey meme coin. It’s a move of commitment. The MoonBag coin always keeps its word. All its promises will come true, and the news about its listing on 11th October 2024 is one bright example. So, start counting on MoonBag with your investments and go big!

Get 88% APY on Staking – The Best Source of Passive Income

The whole crypto world is singing from the same page, praising the new monkey meme coin. MoonBag staking rewards have been a big hit, among other features. By staking their MBAG coins, investors can earn an 88% Annual Percentage Yield (APY). 

It is the best deal for someone eagerly searching for a passive source of income because it’s not easy to survive on a single job these days. MoonBag Crypto understands your worries and proposes an investment opportunity where all you have to do is invest, stake, and wait—that’s it! 

No, you don’t have to keep an eye on the market after staking your MBAG coins. MoonBag staking rewards come without conditions. It’s time to bid farewell to the worries and welcome rewards with the MoonBag staking programme. 

Why Invest in MoonBag Crypto Right Now? 

Investing in MoonBag crypto can give you a promising return on your investments. Currently selling at 0.0003 USDT, MoonBag’s price is expected to surge and reach 1 USDT by 2025. Crypto experts are showing promising interest in the MoonBag meme coin. 

With such positive predictions, investor confidence, and the backing of crypto experts, right now is the best time to invest in MoonBag coin. The rate can surge soon as the seventh presale stage is around the corner. Thus, it’s your last chance to grab MBAG coins for 0.0003 USDT and see your investment soaring. 

If you invest in the sixth presale stage, you will earn a 567% ROI at the end of the presale. By doing this, you will enjoy a 67% increment shortly after the MoonBag coin enters the seventh stage.    

Get Your MoonBag Coins in Time 

Are you ready to leave all the financial worries behind and take yourself to the moon with the MoonBag meme coin? Learn how to buy MBGA coins, join the presale, and get the best bang for your buck. 

Conclusion 

The MoonBag listing on LBank has been confirmed, and the coin will be listed on 11th October. An influx of investors is already heading towards the monkey meme coin to reap the rewards. Join them by investing in the sixth presale stage and make the most of MoonBag features.  

Invest in MoonBag Presale 

Website: https://moonbag.org/

Presale: https://moonbag.org/presale

Telegram: https://t.me/moonbag_officialTwitter: https://twitter.com/moonbag_org

The post Investors Bounce Off the Walls After MoonBag Listing on LBank  appeared first on Crypto News Land.

The meme coin pack has a new top dog, and it’s got Avalanche and Monero tucking their tails between their legs. 

PawFury (PAW) isn’t just another shiny collar in the crypto kennel – it’s a full-blown canine revolution that’s got investors drooling like it’s dinnertime at the Puppy Bowl.

Avalanche (AVAX): A Snowball’s Chance in a Dog Park

Remember when Avalanche was the coolest kid on the blockchain? Yeah, those days are melting away faster than an ice cube in July. Here’s why AVAX investors are trading their snow boots for PAW prints:

• Transaction speeds slower than a three-legged dog in a marathon

• Fees higher than a cat up a tree

• Community enthusiasm colder than a husky’s nose

Monero (XMR): Privacy Coin or Invisible Dog?

Monero used to be the Houdini of crypto, but now it’s pulling a disappearing act for all the wrong reasons:

• Regulators sniffing around like bloodhounds

• Lack of real-world use cases beyond the doggy door

• PawFury’s transparent approach is stealing the spotlight

From Underdogs to Alpha Dogs: PawFury’s Meteoric Rise

Who let the dogs out? PawFury did, and they’re running circles around the competition. While other coins are playing dead, PAW is fetching gains faster than you can say “good boy.” Here’s the dog’s dinner on why PAW is the new best in show:

– Meme Magic Meets Real Utility

– Play-to-Earn That’s Actually Fun

– NFTs With More Bark AND Bite

PawFury’s Paw-some Features: More Than Just a New Token

This ain’t your average crypto pup. PawFury’s got more tricks up its sleeve than a border collie at a talent show:

1. Eco-Friendly Ethos: Every transaction helps plant trees and clean oceans

2. Community Governance: Your bark has real bite in shaping the project’s future

3. Staking Rewards: Lock up your PAW and watch your doggy pile grow

The PAW-erful Presale: Numbers That’ll Get You Excited

• Over 1 billion tokens unleashed in the presale kennel

• Early bird discounts are juicier than a prime cut of steak (up to 98%!)

• Vesting bonuses that grow like a Great Dane puppy on steroids

To Sum Up

Ready to join the pack? Here’s how to get your paws on some PAW:

1. Sniff out the official PawFury website

2. Connect your wallet faster than a greyhound on race day

3. Choose your investment size (bigger bites = bigger bones)

4. Watch your crypto kennel grow!

While Avalanche and Monero are stuck chasing their tails, PAW is leading the pack to a greener, more playful future. Don’t be left barking up the wrong tree – it’s time to show those old dogs some new tricks.

Grab your slice of the meme coin mania before this puppy grows into a full-fledged wolf. The pack has spoken, and PawFury is the new alpha in town. 

For more information, see:

Website: https://www.pawfury.com/ 

Whitepaper: https://www.pawfury.com/static/en/whitepaper.pdf 

Twitter: https://x.com/Paw_Fury

The post New Presale Outpaces Avalanche and Monero: Meme Coin Mania Finds a New Leader appeared first on Crypto News Land.

The cryptocurrency arena is expanding rapidly, showcasing exciting advancements that promise high returns and innovative technology. BlockDAG, XRP, and Stacks (STX) are leading the charge in this evolution. BlockDAG is gaining momentum as the standout cryptocurrency for 2024, while XRP’s strategic efforts are set to optimize its pricing potential.

Moreover, recent updates from Stacks (STX) have spotlighted its expanding role in decentralized finance. These cryptocurrencies are not merely surviving but flourishing, transforming investment approaches and tech applications in the digital currency realm, and heralding profitable prospects for both investors and aficionados.

XRP: Seizing Opportunities for Growth and Potential

In the digital payment sector, XRP is enhancing its market approach with initiatives designed to boost its utility and global financial presence. Ripple’s strategy to release 1 billion XRP tokens for decentralization might momentarily impact prices, yet the long-term advantages like increased liquidity and wider acceptance are evident. 

XRP’s potential to surpass the $0.52 mark could set off a bullish movement, particularly with the debut of the RLUSD stablecoin, which aims to simplify and secure international transactions.

Stacks (STX): Cementing Its DeFi Influence

In the crypto world, Stacks is making significant strides in the DeFi space. Its recent achievement of locking over 150 million STX in DeFi applications highlights its increasing credibility and usage, as Stacks (STX) News reports. Its partnership with Bitflow, which replicates Ethereum’s successful DeFi models by providing advanced trading functionalities and solid liquidity solutions, is crucial to its success. These developments reflect Stacks’ dedication to creating a safe and vibrant financial innovation ecosystem, indicating a positive path for more growth and impact.

BlockDAG: Set for Remarkable Expansion

BlockDAG has already amassed over $56.9 million from its presale, positioning itself as the cryptocurrency to watch in 2024. Its advanced X series miners, such as the X10, X30, and X100 models, are tailored for efficiency and scalability to suit various mining requirements, from personal setups to industrial ventures.The X10 model is particularly noted for its low energy use and silent function, greatly cutting operational costs for solo miners, while the X30 and X100 models boost capabilities for larger mining endeavors, ensuring impressive daily profits.

The platform’s low-code/no-code setup is transforming token and NFT creation, making blockchain accessible to those without technical expertise and promoting wider adoption. This innovation not only accelerates market access but also democratizes the distribution of digital assets. Additionally, the integration of BDAG coins into this ecosystem facilitates transactions and encourages user involvement, solidifying BlockDAG’s position as a strong competitor in the crypto market.

The Emerging Leader of 2024

BlockDAG is clearly establishing itself as a frontrunner set to reshape the future of cryptocurrency. With its cutting-edge mining solutions, user-friendly platform, and strategic market initiatives, it embodies the top cryptocurrency poised for a breakout in 2024. This period marks an excellent chance for investors and tech enthusiasts to connect with a venture that offers substantial financial returns and seeks to revolutionize the blockchain domain. To delve into these lucrative investment opportunities and join an innovative community shaping the future of digital finance.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post 2024 Looks Bright for BlockDAG with $56.9 Million in Funding, XRP’s Price Prospects, and Stacks STX’s DeFi Innovations appeared first on Crypto News Land.

The cryptocurrency market goes through various market cycles over the span of a year. Each cycle creates a bull or bear run in the market based on the attitude of the investors and the general industry. The year 2024 was somewhat more favorable for the crypto market and can be considered as a certain recovery after disastrous for the market years 2022 and 2023.

Major cryptocurrencies including Bitcoin has almost reached the highest point it has been this year making this year bullish. But the situation, it seems, has stagnated in the recent weeks and that is why all the prices have come down. Amid this volatility, PawFury has emerged as a promising altcoin, threatening the likes of Solana (SOL) with groundbreaking features. 

Solana (SOL) Faces New Rival Amid Network Issues

Currently the fifth largest cryptocurrency in the world, Solana is boasting a market capitalization of over $65 billion. However, under the hype lie persistent issues like network outages and user discontentment. Furthermore, Solana’s proof of history consensus mechanism and hardware requirements for running validator nodes, has led to concerns about centralization.

The concerns surrounding Solana’s reliability and centralization have had a visible impact on the price of SOL over the years. Data from CoinMarketCap shows that SOL tanked more than 23% over the past six weeks alone, going from $186 to $142. The decline in SOL’s price shrunk its market capitalization by a whopping $18 billion, in addition to reducing its daily trading volume by nearly 50%.

PawFury (PAW) Set To Outshine Solana 

Thus, Solana’s problems have opened the door for other potential altcoin performers to step up and prove their value and possible potential in the market. Out of the contenders, PawFury (PAW) has been recommended by the crypto enthusiasts to do remarkably well in the year 2024. The PawFury team has been able to gather a quite active community and gain recognition among the crypto-interested people online in a rather short period of time.

As per crypto experts, PawFury’s growing popularity is credited to its cutting-edge play-to-earn platform and various lucrative features aimed at helping users as well as the environment. These include attractive in-game rewards, construction towards pro-environmental causes and an overall push towards a sustainable and ethical gaming ecosystem. 

PawFury (PAW) To Rally 1000x In 2024?

PawFury’s highly lucrative referral program has helped the project reach thousands of eager investors and traders. PAW tokens are currently available for just $0.010 via its ongoing presale, which has already raised over a whopping $4 million for the project. Taking into consideration PawFury’s impressive dev team and upcoming collaborations with industry leaders, crypto analysts have projected a growth of up to 1000x in PAW’s price this year.

For additional information about Pawfury, refer to the following links:

Website: https://www.pawfury.com/

Whitepaper: https://www.pawfury.com/static/en/whitepaper.pdf

Twitter: https://x.com/Paw_Fury

The post This Solana (SOL) Rival Priced At Just $0.02 Is Ready To Reach $10 In 2024, Providing Massive Profits appeared first on Crypto News Land.

Bybit begins pre-market trading for Hamster Kombat (HMSTR), offering early trading opportunities ahead of the official market release.

Hamster Kombat, launched in March 2024, reached 239 million users in 81 days, becoming one of the fastest-growing digital services globally.

The pre-market price of HMSTR ranges between $0.001 and $0.1, reflecting early market expectations and potential volatility.

Bybit has added the Hamster Kombat (HMSTR) token to its pre-market trading platform, reinforcing its commitment to supporting new projects on The Open Network (TON). This listing allows users to trade HMSTR before its official market release, offering a unique opportunity for early price setting and trading.

BYBIT LISTS $HMSTR ON PREMARKET@Bybit_Official has announced the listing of $HMSTR on their premarket, creating a buzz in the communityThis new listing is particularly noteworthy for fans of @hamster_kombat, as it brings new opportunities for trading and investment… pic.twitter.com/6Elz6EJxug

— Beng Beng Gaming (@bengbengp2e) July 9, 2024

Hamster Kombat’s Rapid Growth

Hamster Kombat, launched in March 2024, has quickly become a major player in the gaming world. The game attracted 100 million monthly users within 73 days and reached 239 million users by day 81. With 4-5 million new users joining daily, it stands as one of the fastest-growing digital services globally. 

Players start as a bald hamster, acting as a CEO of a cryptocurrency exchange, and generate in-game coins by tapping their avatar and upgrading their exchange. The game also includes rewards for watching YouTube videos and solving daily puzzles, enhancing user engagement.

Pre-Market Trading on Bybit

On July 8, 2024, Bybit began pre-market trading for HMSTR on its OTC platform. This feature allows buyers and sellers to set quotes and trade at predetermined prices, providing a chance to secure tokens before the official market launch. Bybit noted that this platform helps users lock in purchase or sale prices early, offering a strategic advantage in trading.

The pre-market price of HMSTR has fluctuated between $0.001 and $0.1, with quotes in Tether (USDT). While the pre-market trading gives an indication of market expectations, Bybit emphasized that various factors could affect the official listing price. The exact date for the start of spot trading remains undisclosed.

The Impact of Pre-Market Trading

Bybit’s introduction of pre-market trading for HMSTR highlights an innovative approach to trading offerings. This move allows users to engage with new tokens early, potentially influencing the token’s market debut. It reflects Bybit’s strategy to provide more trading options and flexibility to its users.

Hamster Kombat is compared to Notcoin, another successful Telegram-based clicker game. Notcoin’s pre-market price was $0.0059 before it surged to $0.2 after its spot trading listing, showing the potential for significant price movements post-listing. 

Read also

GameStop (GME) Up 100% Pre-Market as Bitcoin (BTC), Dogecoin (DOGE), and Chainlink (LINK) Reveal Bullish Charts

Meme Coins Primed for 10x Gains Next Week: BOME, HMSTR, BONK, JASMY

Telegram Game Hamster Kombat to Launch Airdrop on The Open Network

Hamster Kombat and PixelTap Could Mirror Notcoin Listing Success, Traders Expect Significant Gains

Hamster Kombat Sets Bullish Expectations for the Month of July, Could It Become the Most Popular P2E Game By Q4?

The post Bybit Introduces Hamster Kombat Token for Pre-Market Trading appeared first on Crypto News Land.

Los Angeles, United States, July 9th, 2024, Chainwire

Phoenix Memecoin ($PHNX) is gaining attention for its unique combination of innovative technology and a strong, community-oriented approach.

About Phoenix Memecoin ($PHNX)

Phoenix Memecoin ($PHNX) is a new cryptocurrency designed to symbolize rebirth and innovation within the crypto world. Supported by a dedicated and rapidly growing community, Phoenix Memecoin aims to offer stability and long-term growth through its thoughtful tokenomics and strategic planning.

Key Features of Phoenix Memecoin ($PHNX)

Thoughtful Tokenomics: Phoenix Memecoin ($PHNX) employs a carefully designed tokenomics strategy to ensure stability and growth. The total supply of tokens is limited, providing a sustainable foundation. The presale offers tokens at a fixed rate of 2000 PHNX per 1 Solana (SOL), with a purchase limit of 30 SOL per wallet to promote broad participation and prevent market manipulation.

Strategic Fund Allocation: Funds raised from the presale are allocated to liquidity, team development, exchange listings, partnerships, marketing, and token buyback and burn. This diversified approach aims to support the project’s long-term success.

Community and Transparency: The Phoenix Memecoin team prioritizes transparency and community involvement. Active community members and content creators are rewarded for their contributions. Token holders can access exclusive content and events, enhancing engagement and value for the community.

Roadmap and Governance: Phoenix Memecoin has a detailed roadmap outlining its plans, including presale, DEX listings, community events, and rewards. Governance mechanisms allow token holders to participate in project decisions, fostering a collaborative environment.

Experienced Team: The project is led by a team of four developers with extensive experience in cryptocurrencies and a commitment to transparent communication. The team holds a modest 6% of the total tokens, ensuring that the focus remains on community growth and project sustainability.

Phoenix Academy: The Phoenix Academy on the project’s website offers free educational resources on cryptocurrencies, providing valuable knowledge without financial commitment.

For More Information

Website: www.phoenixonsol.com

Twitter (X): https://x.com/Phoenixmemecoin

Telegram: https://t.me/Phoenixonsol

Reddit: r/Phoenixonsol

Tiktok: @Phoenixonsol

Instagram: @Phoenixonsol

Facebook: @Phoenixonsol

The Phoenix Memecoin team is available on social media to respond to inquiries and engage with the community.

Contact

Jonathan Griffincontact@phoenixonsol.com

The post Phoenix Memecoin ($PHNX) Launches with Innovative Tokenomics and Community Focus appeared first on Crypto News Land.

The constantly changing market of digital assets opens up thousands of opportunities for investing in altcoins. Moving into the second half of 2024, many investors look for several altcoin contenders to invest in with the hope of identifying the next big cryptocurrencies. Besides the rivalry and attention that potential altcoin contenders receive, investors are also comparing them based on the practical use cases that they offer.

After extensive searching and market research, crypto analysts have identified Dogwifhat (WIF), PawFury (PAW) and Shiba Inu (SHIB) as promising altcoin contenders. As per the analysts, SOL, PAW and VET are currently available for relatively discounted prices and have the potential to return as much as 1400% in July 2024. 

Dogwifhat (WIF): Solana’s Heavyweight Memecoin

Dogwifhat, the fourth largest memecoin by market capitalization, is arguably the most successful meme token to emerge from the dynamic Solana ecosystem. Following its launch in late 2023, WIF quickly soared past rivals like Floki and Bonk and was soon listed on the largest crypto exchange, Binance. 

Data from CoinMarketCap shows that WIF is currently trading at $1.98, with a market cap of more than $1.9 billion. Despite noting some volatility over the past few weeks, crypto pundits believe that the association with Solana and its inherent virality makes Dogwifhat a token potentially poised for an unprecedented rally in July 2024.

PawFury (PAW): Top Crypto Presale Catches Investors’ Attention

PawFury’s play to earn concept and environmentalism has placed it as one of the hottest projects in the crypto space. PawFury’s rapidly rising popularity and investor confidence has directly translated into pre-sales of its PAW token that have raised over a whopping $4 million. 

Everyone from crypto whales to retail investors is lining up to scoop up PAW tokens, which are currently up for grabs at just $0.010 apiece. PawFury’s lucrative in-game rewards and user friendly referral schemes have made PAW’s presale the top crypto presale of 2024. Given PawFury’s efforts to foster a green and ethical gaming ecosystem, crypto analysts have forecasted growth in PAW’s value. 

Dogekiller Bites Harder With New Utilities: Shiba Inu (SHIB)

From being just a meme coin that was launched in the fourth quarter of the year 2020 to compete with Dogecoin, Shiba Inu has risen and is now the second largest memecoin in the market today having a market capitalization of more than $9.7 billion.

Gleams by Elon Musk and Buterin have contributed to the modern rise in the value of SHIB over the years. The Shiba Inu team has also announced several partners to increase the transaction of SHIB and expand the network. Current data shows that the SHIB token is trading at $0000016; experts have projected that the general price rise will occur in July 2024.

Visit the links below for more information about Pawfury

For further details on Pawfury, please visit:

Website: https://www.pawfury.com/

Twitter: https://x.com/Paw_Fury

The post 3 Tokens To Turn $100 Into $1500 in July 2024 appeared first on Crypto News Land.

As the broader crypto market dips into the red, major currencies like Kaspa and Bitcoin Cash show promising uptrends. Recent analyses suggest bullish movements for KAS and BCH. Amidst these favorable trends, BlockDAG emerges as a standout with its innovative layer-1 technology and remarkable presale achievements, already amassing over $56.9 million. BlockDAG’s pioneering Low Code No Code ecosystem supports its robust growth trajectory, potentially offering an ROI exceeding 30,000x, marking it as a top crypto presale investment

Kaspa’s Resilience and Prospects

Despite the volatile market, Kaspa has shown remarkable resilience. Currently trading at $0.151 after a 6.44% dip, Kaspa still outperforms many of its peers. Predictions from analysts like KatDaddyKrypto foresee a bullish trend with Kaspa consolidating between $0.14 and $0.19.

Kaspa’s advancements in technical development, especially its nearly completed transition to Rust, promise enhanced efficiency. With its hash rate at record highs, network security is stronger than ever. The anticipated KRC2 token standard further elevates Kaspa’s appeal, reinforcing its position in the crypto landscape.

Bitcoin Cash’s Optimistic Outlook

Bitcoin Cash recently experienced an 11% price increase, hitting $390. This rise aligns with the upcoming repayment to Mt. Gox creditors in Bitcoin Cash and Bitcoin, introducing significant capital into the BCH ecosystem. An estimated 127,000 creditors are set to reclaim a share of over $9.4 billion worth of Bitcoin.

Technical signals suggest more upside for BCH. The RSI crossing above 30 indicates a shift from oversold conditions, with the upper Bollinger Band at $424.77 posing as the next resistance, and support found at $348.39. Overcoming this resistance could propel BCH to higher valuations. Bitcoin Cash news enthusiasts remain hopeful about its short-term prospects, viewing BCH as an attractive investment.

BlockDAG’s High-Tech Low-Code/No-Code Advantage

BlockDAG’s platform capitalizes on low-code/no-code technology to enable the straightforward creation of utility tokens, meme tokens, and NFTs. Its user-friendly interface and customizable templates allow individuals of all skill levels to innovate and tailor projects efficiently, cutting development time and democratizing blockchain technology.

BlockDAG’s presale success, raising $56.9 million with a significant 1300% increase in its initial batch price from $0.001 to $0.014, underscores strong market confidence. This high-tech, accessible ecosystem is a major draw for investors, positioning BlockDAG as a leading option in crypto presales.

With analysts projecting up to a 30,000x ROI due to its revolutionary approach and solid infrastructure, BlockDAG not only simplifies digital asset creation but also supports expansive decentralized application development. This broad support enhances the blockchain ecosystem, promoting BlockDAG as a competitive entity in the crypto sphere.

Final Takeaways

While Kaspa’s steady advancements and Bitcoin Cash’s resurgence offer appealing opportunities, BlockDAG distinguishes itself with exceptional presale results and a revolutionary platform that promises a staggering 30,000x ROI. For those targeting significant returns, BlockDAG presents a compelling presale choice, outshining even the positive outlooks for Kaspa and Bitcoin Cash.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Top Crypto Presale to Watch: BlockDAG Reaches $56.9M; Kaspa and Bitcoin Cash Show Potential for Surge appeared first on Crypto News Land.

VeChain’s VeBetterDAO rewards gave 160,000 B3TR tokens to 411 stakers, almost tripling their initial tokens.

Analyst Egrag Crypto forecasts VET’s price to reach $1.5-$1.8, entering a powerful bullish wave 3.

VET’s key support level is at $0.03, crucial for maintaining its bullish structure and future growth.

VeChain has recently distributed the first round of voting rewards for its VeBetterDAO, distributing 160,000 B3TR tokens to 411 stakers who pooled a total of 63,500 B3TR tokens. This reward distribution has resulted in an almost threefold increase in tokens for participants this week.

#VeChain News @veDelegate has distributed the first round of #VeBetterDAO voting rewards, totaling 160,000 B3TR tokens to 411 stakers who pooled 63,500 B3TR! Participants nearly tripled their tokens on average this week! Stake with them at https://t.co/WZxDRjvp2v pic.twitter.com/dv1gQql9RP

— Collin Brown (@CollinBrownXRP) July 9, 2024

Reward Distribution Details

VeChain’s VeBetterDAO has successfully completed the first round of voting rewards. A total of 160,000 B3TR tokens were distributed to 411 stakers who contributed 63,500 B3TR tokens.

It means users got nearly three times the number of tokens they had staked back, which goes a really long way in making a case for participating in VeBetterDAO.

VeChain, remains quite strong, considering the broader crypto market is in a continuous fluctuation. Analyst Egrag Crypto has shared an optimistic analysis on platform X, forecasting a bullish wave for VET.

According to Egrag, VET is nearing the completion of corrective wave 2 and is preparing to enter wave 3, which is typically the most powerful phase in a 5-wave Elliott Wave sequence.

#VET #BULLRUN in Progress! Amidst the ongoing #BTC saga, #VET is holding strong! I believe we are nearing corrective wave 2⃣ and gearing up for wave 3⃣. Get ready for that epic #blowofftop around $1.5-1.8! #VeChain #VET will unlock ur financial chains. pic.twitter.com/3qmPBv3BYI

— EGRAG CRYPTO (@egragcrypto) July 8, 2024

Price Projections and Market Sentiment

Egrag’s analysis suggests that the anticipated wave 3 could propel VET’s price higher, with potential targets ranging between $1.5 and $1.8. This projection is based on the Elliott Wave theory, which identifies patterns in market movements. 

The current support level for VET is noted at $0.03, a critical threshold for maintaining the bullish structure. Holding above this support zone is crucial for advancing towards the projected targets.

The analysis highlights key support and resistance levels that are essential for sustaining VeChain’s bullish outlook. The $0.03 support level, marked in white on the analyst’s chart, is a vital area for VET. Maintaining this level is necessary for the asset to continue its upward trajectory towards the projected price targets.

Market Overview and Future Expectations

VeChain’s performance amidst the current market fluctuations demonstrates its resilience and potential for future growth. The ongoing reward distribution through VeBetterDAO and the bullish wave projections by analysts contribute to a positive outlook for the asset. 

As the market evolves, VeChain’s strategic initiatives and strong support levels may play a significant role in its continued growth and stability. VeChain’s recent reward distribution and the bullish predictions by analysts suggest a promising future for the asset. 

Read also

VeBetterDAO and B3TR, Everything VeChain Fans Need To Know

VeBetterDAO Unveils B3TR and VOT3 Tokenomics: A New Era of Sustainability

VeChain Adds GreenCart to VeBetterDAO to Reward Sustainable Shoppers with B3TR Tokens for Commitment to Planet

VeChain’s Grand VeBetterDAO Reveal Sparks Bullish Sentiment

VeBetterDAO Launches Mainnet Enhancing Governance and Participation, VET Pump Ahead?

The post VeChain Distributes Voting Rewards, Analyst Predicts Bullish Wave appeared first on Crypto News Land.

Big players like Dogecoin, Near Protocol, and BlockDAG are advancing in the fast-paced world of cryptocurrencies. Dogecoin tantalises with its potential, while Near Protocol is riding high on AI integration. 

BlockDAG, however, is setting new benchmarks with its speed and security enhancements. It is backed by an impressive $56.9 million presale and the distribution of 12 billion coins, aiming for a $30 valuation by 2030.

Dogecoin’s Potential Upsurge

Dogecoin is poised for significant growth, with projections suggesting it could reach $1-2 during the upcoming “memecoin supercycle,” according to leading analysts. Similar to Bitcoin’s rise, historical trends hint at substantial gains following periods of stability. Despite short-term fluctuations, Dogecoin shows promising long-term prospects, making it a strategic investment option for those looking to diversify their cryptocurrency portfolios.

Near Protocol’s AI-Driven Advancement

Near Protocol is experiencing rapid growth, fueled by its strategic use of AI technologies. A recent 16.61% surge over ten days underscores Near Protocol’s increasing adoption within the blockchain community. 

Near Protocol enjoys positive market sentiment and expands user engagement by integrating blockchain and AI. Collaborations with tech giants like Nvidia further bolster its potential, positioning it favourably for future growth and investment opportunities.

$600 Investment in BlockDAG Could Yield Millions by 2030

BlockDAG is engineered for scalability and security, employing a DAGPaper-based design that enhances throughput with rising user numbers. This robust architecture meets growing demands and ensures BlockDAG’s readiness for widespread adoption. Its resilience against network congestion, even during peak usage, and its commitment to sustainable growth make it a reliable foundation for a thriving blockchain ecosystem.

BlockDAG’s security features are strengthened by the GHOST DAG (Greedy Heaviest Observed Sub-DAG) algorithm, crucial for fortifying the network by guiding miners towards extending the most widely acknowledged sections of the DAG. Despite potential challenges like orphan branches or double-spending attempts by malicious actors, BlockDAG’s system favours the computational power of the honest majority, ensuring the integrity of its main chain over time.

BlockDAG’s rapid success in securing $56.9 million through presale sales in just a few months highlights its strong market appeal. Currently priced at $0.014 in its 19th batch, BlockDAG has experienced a staggering 1300% growth. Experts predict further escalation to $20 by 2027 and an impressive $30 by 2030, making a $600 investment potentially lucrative for investors aiming to achieve substantial returns by the end of the decade.

In Summary

While Dogecoin and Near Protocol show promise in their respective spheres, BlockDAG is reshaping market standards with unmatched advancements in speed and security. With $56.9 million in presale sales and plans to achieve a $30 valuation by 2030, BlockDAG presents itself as a formidable player in the cryptocurrency market. Investors looking for growth opportunities should consider BlockDAG’s potential and explore the advantages of participating in its ongoing presale.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Transform Your Investment: BlockDAG’s Innovative Tech Backed by $56.9M Presale; Insights on NEAR & Dogecoin Potentials appeared first on Crypto News Land.

The cryptocurrency market continues to witness a decline in Bitcoin’s (BTC) price after Germany’s 10,000 BTC sale. This has impacted various altcoins across the market, prompting investors holding tokens like Monero (XMR) and Hedera (HBAR) to search for less volatile investments to rebalance their portfolios. 

Rollblock (RBLK), a new innovative altcoin on the Ethereum blockchain has shown great promise as the next best altcoin for investors in 2024. Analysts tip that the Rollblock token ($RBLK) could rise by up to 800% in the coming weeks and as a result thousands of investors are buying into its presale daily. 

Monero (XMR) Investors Maintain Neutral Sentiment As Token Price Drops

Monero (XMR) has experienced delistings from various cryptocurrency exchange platforms like Binance and Kraken in the last 6 months. This is due to the regulatory challenges facing privacy-centred altcoins like Monero. 

Despite Monero’s (XMR) delisting from major exchanges, it has managed to sustain a recovery in the last month. Monero’s price climbed from $115 in May and Monero (XMR) now trades at $153. However, Monero still shows unstable patterns as the token price rose to $170 in the past week before falling again. Monero investors continue to stay neutral while they look for thriving investments in the crypto market.

Hedera (HBAR) Trades Below The 200-Day Simple Moving Average Amid Heavy Selling Pressure

Hedera’s (HBAR) price declined by 12% over the last week. Hedera currently trades at $0.067, which is 17% below the 200-day simple moving average ($0.081). This decline has tilted the market sentiment to bearish, as investors remain uncertain about the future of Hedera (HBAR).

Analysts predict that Hedera’s price will decline further if it drops past the $0.57 price point. However, the changes in Hedera’s price point rely heavily on Bitcoin’s performance. 

Rollblock (RBLK) Outshines Major Altcoins As Price Surges Again

Rollblock (RBLK) has been gaining significant momentum since the beginning of its presale, drawing in thousands of investors searching for innovative opportunities in the current bear market. Rollblock (RBLK) is a new GambleFi protocol that solves issues in the gambling industry by closing the gap between centralized and decentralized gaming.

Rollblock uses blockchain technology to process bets in its casino, ensuring that every bet placed is secured, unlike other iGaming platforms. Analysts are optimistic about Rollblock, forecasting that the $RBLK token could see an 800% increase in value by the end of Q3, with further gains anticipated once the presale ends. 

Rollblock has caught the attention of the investment community as the first crypto casino fully backed by its user base. Due to its low entry barrier, this GambleFi innovation is also expected to draw thousands of users in the coming weeks. Unlike other online casinos that require comprehensive KYC procedures, Rollblock simplifies access by allowing users to register with just an email address or wallet. Once registered, users can deposit cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), and Dogecoin to start betting immediately. Already, over 4000 users have registered on Rollblock and the numbers keep growing.

As players engage with Rollblock’s games, they earn rewards and bonuses in the form of $RBLK tokens. Rollblock also has a token-burning and revenue-share model to increase the token value. Up to 30% of the weekly casino profits go into repurchasing $RBLK tokens from the market for rewards and periodic token burns. These burns reduce the circulating supply, increase scarcity, and enhance the token’s value over time.

This strategic model means that as Rollblock’s casino gains popularity, investors will see continued growth in their returns. As a result, thousands of investors have already seized the opportunity to purchase $RBLK at its lowest price during the presale. Currently, Rollblock is in the third stage of its presale, with over 100 million $RBLK tokens selling within a month. Experts suggest that those who invest before the next price hike could potentially see their investments grow 100-fold upon Rollblock’s launch.

The presale is nearing a significant milestone, with Rollblock now trading at $0.015 and surpassing $1 million raised. Once Rollblock is listed on major exchanges, the returns for early investors could skyrocket and lead to substantial gains. As Rollblock continues to build its reputation and user base, it stands ready to outshine other altcoins and deliver impressive 100x returns for its investors.

Rollblock has an ongoing UEFA EURO 2024 competition. For a chance to win in the $20k prize giveaway, registered users must predict a correct scoreline before kick off from the remaining matches. Head over to Rollblock’s socials for more info!

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

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino 

The post Monero (XMR) and Hedera (HBAR) Swayed By This New Ethereum Based Token As Experts Tip It As Top Gainer This Year appeared first on Crypto News Land.

Paxful co-founder Artur Schaback pleads guilty to AML program failures, facing up to five years in prison.

Schaback to pay a $5 million fine in installments as part of the plea deal, with sentencing set for November 4.

 Schaback’s negligence allowed Paxful to be used for illegal activities, leading to significant legal and regulatory challenges for the exchange.

Artur Schaback, co-founder of the cryptocurrency exchange Paxful, has entered a plea agreement with U.S. prosecutors and now faces a potential five-year prison sentence. This plea follows his admission to conspiring to neglect implementing an effective Anti-Money Laundering (AML) program at Paxful. 

Paxful Inc. Co-Founder Pleads Guilty to Conspiracy to Fail to Maintain Effective Anti-Money Laundering Program: https://t.co/B3DCa5DFQY pic.twitter.com/Zbkgi90dEr

— Criminal Division (@DOJCrimDiv) July 8, 2024

The US Justice Department released information that Schaback pleaded guilty on July 8, admitting that he failed to establish the necessary AML program within 90 days of Paxful’s creation, which is against the Bank Secrecy Act (BSA). Schaback’s failure to create a Know Your Customer (KYC) program necessary to identify users on the platform enabled the site to be used for unlawful operations.

Schaback is anticipated to pay a $5 million fine in three installments as part of the plea agreement: $1 million on the plea date, $3 million during his sentence, and the remaining $1 million within two years. His sentence is set for November 4, and as part of the arrangement, he will resign from the Paxful board.

The Justice Department’s information filing from March revealed that between July 2015 and June 2019, Schaback and a co-conspirator, identified as Paxful’s “President and Chief Executive Officer,” allowed users to open accounts and trade without adequate identity verification, promoting illegal activities.

Schaback and his co-conspirator also made exceptions to AML and KYC customer policies based on trading volumes and personal relationships. When third parties requested Paxful’s AML policy, they presented a plagiarized document from another institution, knowing it was neither implemented nor enforced.

In March 2023, Schaback sued Paxful’s former CEO, Mohamad (Ray) Youssef, alleging misappropriation of company funds, money laundering, and sanctions evasion. In response, Paxful agreed to a court order in April 2022, appointing Srinivas Raju, Director at the law firm Richards, Layton, and Finger, as the exchange’s custodian.

Paxful also appointed Roshan Dharia as Interim CEO in late May 2023. This leadership change aims to stabilize the company amid the ongoing legal and regulatory challenges.

Artur Schaback’s guilty plea marks a significant moment in Paxful’s history, highlighting the critical importance of compliance in the cryptocurrency industry. As the company navigates through these challenges, the outcome of Schaback’s sentencing and the company’s future steps in adhering to regulatory standards will be closely watched.

Read Also:

Paxful’s Shutdown and Potential Scam Involvement: What Users Need to Know?

Paxful CEO to Send Weekly Emails Discouraging Exchanges

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Former FTX Exec Pleads Guilty, Seeks Leniency in Election Fraud Case as Locked SOL Assets Auctioned

Coinbase Manager’s Brother Admits Guilty to Insider Trading

The post Paxful Co-Founder Pleads Guilty in AML Conspiracy Case appeared first on Crypto News Land.

Render (RNDR) is poised for a comeback, showing resilience with a price uptick following a substantial decline last June. Despite a 40% dip in future open interest, there’s optimism about Render’s potential for a robust rally. Simultaneously, Cronos (CRO) has rolled out significant updates, including new testnet features and community-driven initiatives, to boost user engagement.

Amid these updates, BlockDAG shines brightly, fueled by a famous crypto influencer’s glowing review of its successful $56.9 million presale. This influencer spotlighted BlockDAG and its innovative keynote presentation, praising its unique technology and potential for high returns, marking it as a top crypto contender for 2024.

Render on the Rise

Render is navigating through turbulent waters but shows signs of a promising turnaround. In June, the altcoin’s future open interest sank to $102 million, a 40% drop, signaling a cooling of trader activity and market interest. Moreover, daily active wallets have seen an 11% reduction over the past month, underscoring a decline in user engagement.

Despite these challenges, RNDR’s price shows green shoots of recovery, up 1.21% and currently trading at $7.66. This upward movement, coupled with a spike in trading volume, suggests Render might soon climb past its previous high of $10.80.

Cronos Embraces New Developments

Cronos is pushing boundaries with its latest updates and community initiatives, enhancing the #CROFam experience. The introduction of the Tethys testnet, incorporating zkSync technology, marks a pivotal development, facilitating secure cross-chain transactions with the Ethereum Mainnet. Cronos users are now invited to partake in various testnet challenges, loyalty programs, and CRO pre-mainnet deposits, enriching user interaction.

Several projects within the Cronos ecosystem have launched fresh initiatives, including Veno Finance’s Liquid TIA Staking giveaway and Ebisu’s Bay’s token airdrop. Additional campaigns, like Minted Network’s Golden Tree of Fortune NFT collection, are engaging the community further.

BlockDAG in the Spotlight

BlockDAG has captured the crypto community’s attention, significantly aided by endorsements from top influencers. One prominent analyst, Goalorious, has shone a light on BlockDAG’s impressive growth and its second keynote developments. His review emphasized the project’s quick advancement and lucrative ROI potential, drawing more eyes and investment to BlockDAG.

Keynote 2 highlighted several updates, including the X1 app, blockchain improvements, and a comprehensive roadmap. BlockDAG’s tech utilizes a directed acyclic graph structure, enhancing scalability and security, allowing for the simultaneous confirmation of multiple transactions. This approach promises swift transactions and substantial throughput, distinguishing BlockDAG from traditional blockchain models.

BlockDAG continues its impressive presale journey, now in Batch 19, with the coin priced at $0.014. Since its launch, the presale has amassed over $56.9 million, with more than 12 billion BDAG coins sold. Miners have also purchased over 8400 units, contributing an additional $3.5 million to the funds. Early investors have seen a 1300% stake growth, underscoring BlockDAG’s strong market allure.

The influence of high-profile endorsements cannot be overstated, as they have significantly boosted BlockDAG’s market presence and investor confidence. These endorsements have increased the project’s visibility and solidified its credibility within the competitive crypto space.

Concluding Thoughts

BlockDAG stands out with its rapid growth, innovative technology, and strong endorsements, drawing significant investor interest. While Render is on a recovery path and Cronos enhances its ecosystem, BlockDAG’s continued success in its $56.9 million presale and technological advancements highlight its potential as a leading investment opportunity. Influencer backing is pivotal, expanding BlockDAG’s reach and appeal, making it a prime choice for those eyeing substantial crypto investments.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

The post Eyes on the Prize: BlockDAG Wins Big with $56.9M Presale, CRO Updates, and Render Recovery News appeared first on Crypto News Land.

Reputed crypto analyst, Doctor Profit shares his latest altcoin report.

Known for his accurate predictions, his latest report draws investor attention. 

He believes a massive altcoin pump will come in Q3 of 2024 led by ETH ETF launch.

The crypto market continues its steady recovery towards the upward direction after a brutal dip caused by heavy Bitcoin selling from Mt. Gox and the German government. Amidst this recovery phase, many altcoins are showing bullish signals for high price spikes in the coming days. 

Adding to this major altcoin narrative that could lead to altseason is Doctor Profit. A renowned and reputed crypto market analyst, Doctor Profit’s analysis is known for its high accuracy. Presently, he shared his latest major altcoin report of Q3 2024. 

Update on the Major Altcoin Report 2024 for Q3I present an update to the major Altcoin Report 2024 for Q3. From October 2023 to March 2024, most altcoins exploded by 150%. The current 35% correction is not only understandable but healthy. Reading the Altcoin Report is highly… pic.twitter.com/46RkKfPYXm

— Doctor Profit (@DrProfitCrypto) July 9, 2024

At the end of last quarter Doctor Profit shares a detailed report indicating the arrival of what could be recognized as altseason in Q3 of 2024. In particular, he said that altcoins will perform incredibly during Q3 of 2024.

Now, in his latest update on the Q3 2024 altcoin report, he reminds the crypto community how altcoins pulled a 150% surge between October 2023 and March 2024. He also tells his readers that the latest correction, while brutal, was quite healthy for the crypto market. 

Looking at the present crypto market, Doctor Profit says altcoins could have possibly already bottomed this cycle. While a further 10% dip is still possible, it is certainly a good time to accumulate more altcoins in his opinion. 

He says new highs could arrive for altcoins and has shared many of his buy signals for a myriad of altcoins so far. To name a few, Doctor Profit has bought JASMY, PYTH, ONDO, MATIC, ETH, SEI, IO, TON, NOT, BNB, OP, ARB, SAND, and more.

What could likely trigger this long-awaited altcoin pump event is the launch of ETH ETFs which will come suddenly. According to the analyst, this launch could pump ETH and altcoin prices like never before. 

Read Also

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The post Q3 Altcoin Price Pump Is Inevitable, Silver-Tongued Crypto Analyst Shares Latest Insights on How appeared first on Crypto News Land.

South Korea’s largest crypto exchange, Upbit, officially listed Ethereum Name Service (ENS), causing a 7.7% price surge.

ENS’s inclusion on Upbit expands its reach and credibility globally, marking a significant milestone for the Ethereum-based domain service.

Upbit’s endorsement signals strong confidence in ENS, likely attracting more liquidity and institutional interest.

Ethereum Name Service (ENS) saw a notable 7.7% increase in value following the Upbit listing. This surge highlights growing investor interest and confidence in ENS. Upbit’s decision to list ENS marks a significant milestone for the Ethereum-based domain service. 

This listing on one of Asia’s largest exchanges broadens ENS’s accessibility and boosts its credibility with global investors. The price of ENS began to rise immediately after the announcement was made on Monday. By Tuesday, ENS had recorded a 7.7% increase, closing at a higher price point than before. 

NEWS: $ENS is up by 7.7% after @Official_Upbit_ announces official listing.Track $ENS price https://t.co/vQhKJ3A15M pic.twitter.com/veML6GRfWN

— CoinGecko (@coingecko) July 9, 2024

This upward trend follows a broader pattern seen in the crypto market. Major exchange listings often lead to price surges due to increased exposure and trading volume.

Upbit’s endorsement of ENS is particularly noteworthy given the exchange’s influence in the Asian market. Upbit’s inclusion of ENS signals strong institutional confidence in the project. This move is expected to drive more liquidity and trading activity.

ENS operates on the Ethereum blockchain and provides a decentralized alternative to traditional domain name services. The project has garnered significant attention and adoption within the crypto community, and its listing on Upbit is likely to accelerate its growth trajectory.

Market analysts have been closely monitoring the impact of this listing. Many believe that the increased exposure on Upbit could lead to sustained price growth for ENS. 

Additionally, the listing may attract institutional investors who are looking for promising blockchain projects with practical applications. Meanwhile, the Ethereum Name Service token is trading at $27.5 having gained by 10.5% in the past 24 hours.

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The post Ethereum Name Service (ENS) Pumps by 7.7% Following Official Listing on Upbit appeared first on Crypto News Land.

The crypto market is currently calm, biding its time before the next bull run. Despite recent stagnation, many altcoins remain undervalued and poised for explosive growth. Investors who missed out on the meme coin frenzy are now turning their attention to a new hidden gem. This trend suggests an opportunity to capitalize on rising altcoins in the coming months. With the potential for considerable returns, enthusiasts are eager to discover which coins are primed for significant upside. In the following article, the spotlight turns to an under-the-radar token that might just be the key to 2024 riches. Read on to uncover the details of this promising investment.

BlastUP Unveils Blastbox V2: A Goldmine of Benefits for Early Investors

BlastUP, the premier launchpad on the Blast blockchain, has unveiled Blastbox V2, fresh on the heels of an $8 million presale success. This launch offers investors another chance to get $BLASTUP tokens at presale prices, loaded with a host of perks including $BLASTUP tokens and Booster Points. As experts forecast potential returns of up to 1000%, early acquisition of BLASTUP tokens could prove to be a savvy investment.

Blastbox V2 is a gateway to exclusive privileges within the BlastUP ecosystem. Owners are set to enjoy benefits like NFT and token airdrops, membership in the exclusive BlastUP Club, and priority access to Initial DEX Offerings (IDOs).

Unlock the Full Potential of Blastbox V2

Securing a Blastbox V2 is the final opportunity to access BlastUP at the most advantageous price. The platform has already made a significant impact within the Blast blockchain, achieving 4 successful IDOs. 

For those on the hunt for the next big crypto opportunity, Blastbox V2 is the answer. With only 9999 units available at launch and packed with unparalleled utility, these limited-edition loot boxes are set to sell out swiftly.

Act Now: Secure Your Blastbox V2 Before They’re Sold Out!

LayerZero (ZRO) Shows Strong Potential Amidst Recent Crypto Market Fluctuations

LayerZero (ZRO) is holding steady, trading between $3.00 and $4.71. Despite recent bearish trends in the broader market, LayerZero’s price could soar, breaking the $5.43 resistance level. With a strong monthly gain of nearly 295%, the current RSI of 54.90 suggests room for further growth, and the MACD hints at bullish momentum. If the bullish pattern continues, ZRO could rise over 50% to challenge the second resistance at $7.13. The consistent climb in price underpins a potential for even higher gains, possibly outpacing recent altcoin performance.

Ethena (ENA) Set for a Breakout Despite Recent Dump

Ethena (ENA) is currently trading between $0.30 and $0.51, showing the same promising patterns we saw in 2021. Despite recent drops of 18.67% in the past week and 50.68% this month, ENA has risen by nearly 40% over the past six months. With a 10-day average of $0.41 and an RSI of 56.44, the bulls are gearing up for action. If ENA moves past the $0.64 resistance, it could soar to $0.84, offering a potential rise of about 65%. The momentum indicators suggest a bullish trend, making this dip an ideal entry point for investors looking for significant gains.

Wormhole Token (W): A Hidden Gem Ready to Soar?

Wormhole (W) is seeing some intriguing moves. Despite a recent drop, its current price ranges between $0.20 and $0.36. Bulls seem to be fighting hard, seeing the price’s bounce off its nearest support at $0.14. The Simple Moving Averages suggest stability, with the 10-day at $0.29 and the 100-day at $0.27. The RSI of 61.05 and Stochastic at 80.76 hint at underlying bullish strength. If W breaks past its nearest resistance at $0.45, it could aim for the next level at $0.61. This would mean a potential rise of over 70% from current levels. While the last month saw a dip, the six-month change of 480.16% shows massive long-term growth potential.

Conclusion

ZRO, ENA, and W have shown less potential in the short term. BLASTUP stands out for its strong concept and its place in the Blast ecosystem. As the bull run of 2024 progresses, BLASTUP appears to be the best option for those looking for promising returns.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

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