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10-Year Dormant Bitcoin Whale Emerges, Rakes In Astonishing $38 Million Profit

A Mammoth Bitcoin Whale Has Passed Away And Everyone's Left With One Troubling Question

A long-dormant Bitcoin whale has resurfaced after 10 years, amassing an astounding profit of around $38 million. 

The transaction was reported by on-chain analysis firm LookIntoChain on Twitter, providing a glimpse into the intriguing world of cryptocurrency whales. As per the Thursday tweet, the dormant whale, who had remained inactive for over a decade, initiated a transfer of 1,432.93 BTC, equivalent to $37.8 million, to a new address labelled “bc1psv.”

The impressive nature of this transaction lies not only in the substantial profit but also in the lengthy period of inactivity. According to the tweet, the whale received these 1,432.92 BTC on April 9, 2013, when the price of Bitcoin was a mere $195.4.

This event adds to similar instances where long-dormant whales resurface and make substantial moves within the cryptocurrency market. In April, another dormant whale transferred 400 BTC, valued at nearly $11 million, after a sleep of nearly 12 years. In February of this year, an old Bitcoin address that had remained untouched for 11 years initiated a transaction, moving $9.6 million worth of the cryptocurrency. Mid last month, another whale holding 311 bitcoins since June 2011 woke up, transferring the coins to a new Segwit address

The emergence of these whales after extended periods of dormancy raises questions about their motivations and overall strategy. While some experts believe these movements signify profit-taking or strategic portfolio reallocations, others suggest that these whales may seek to drive the market, capitalizing on opportunities to acquire undervalued coins.

Regardless of their intentions, these events emphasize the significance of long-term investment strategies in cryptocurrency, with substantial profits often realized by those who patiently hold their assets.

Notably, cryptocurrency whales, particularly those who have held Bitcoin for extended periods, have been among the most successful investors in the market. Bitcoin’s remarkable growth of over 29,000,000 percent in the past 10 years is a testament to the potential returns garnered by those who have demonstrated a long-term investment approach. Moreover, research indicates that inexperienced retail investors who engage in short-term trading tend to fare less favourably than those who adopt a patient, long-term perspective.

That said, as the cryptocurrency market continues to evolve, it is anticipated that similar instances of dormant whale awakening will continue to emerge, shaping the history of Bitcoin and fueling curiosity and interest in crypto.


Cardano Devs Vigorously Dispute SEC’s Classification of ADA as a Security as Robinhood Mulls Delisting Coin

Bears Spell Doom For Cardano as Price Slips to 21-Month Low — Wen ADA Bull Run?

Cardano blockchain builder Input Output Global (IOG) has rejected the U.S. Securities and Exchange Commission’s (SEC) claims that ADA is a security. The SEC had argued in lawsuits levied against two of the world’s biggest crypto brands this week that Cardano’s native token ADA and several other coins qualify as securities.

“Under No Circumstances Is ADA A Security”: IOG

Input Output Global has responded to SEC’s recent claim that ADA is an unregistered security.

In a June 7 statement, the Cardano developers refuted the SEC’s assertion, positing that “under no circumstances is ADA a security under U.S. securities laws. It never has been.”

IOG pointed out the lack of understanding of decentralized blockchains and stressed the importance of formulating responsible legislation in collaboration with regulators. The statement further notes that the regulation-by-enforcement approach employed by the SEC does not provide the clarity that the cryptocurrency industry is entitled to. IOG advocates for regulation that recognizes blockchain’s unique traits and the key role it can play in the modern world.

SEC Lawsuits And Possible Robinhood Delisting 

The SEC sued Coinbase on Tuesday, just one day after the securities watchdog sued Binance for unregistered securities offerings. A core pillar of the SEC’s charges against Binance and BAM Trading — the operator of Binance.US — is that the two commingled customers’ funds. In fact, the SEC has filed a new court document alleging that Binance and Binance.US redirected more than $12 billion worth of customer assets to firms controlled by Binance CEO Changpeng ‘CZ’ Zhao between 2019 and 2021.

The SEC claims America’s largest digital asset exchange Coinbase operated for years as an unlicensed securities exchange and “elevated its interest in increasing its profits over investors’ interests.”

In these two lawsuits, the SEC publicly declared which cryptocurrencies are in its sights. The regulator considers the following to be securities: Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL) and Sandbox (SAND), among several others. If these tokens were to be officially categorized as securities under federal laws, this could have profound ramifications for investors and crypto exchanges, likely altering the outlook of the crypto industry in the U.S.

Amid these growing regulatory concerns, online trading brokerage Robinhood has revealed it may soon cease offering trading services for several cryptocurrencies implicated in the SEC lawsuit, including ADA, to comply with U.S. securities laws. The potential removal of ADA from Robinhood’s trading platform comes less than a year after the company announced support for the peer-reviewed Proof of Stake (PoS) cryptocurrency. Robinhood listed ADA in September 2022 as part of a broader expansion of the company’s cryptocurrency offerings that year.


Bitcoin’s Double Bottom Pattern Signals Potential Price Surge Ahead, But…

Bitcoin Could Hit Crazy Levels If Market Adjusts To New Exchange Inflows Pattern

Bitcoin’s recent price movements have presented a mix of positive indications and challenges, resulting in a cautious sense of optimism among investors regarding its future.

Throughout the previous week, Bitcoin had comfortably sustained a position above $27,000. However, the allegations against Binance and Coinbase have reignited concerns about the industry’s integrity and raised questions about regulators’ intentions to tighten their control over the crypto sector.

The top cryptocurrency experienced a flash crash on Monday, plummeting to around $25,500 in response to the Securities and Exchange Commission’s (SEC) lawsuit against Binance for allegedly violating securities laws. However, Bitcoin showcased its resilience by swiftly rebounding, and on Tuesday, it surged to a price of $27,390, with traders seemingly disregarding SEC’s move.

BTCUSD Chart by TradingView

Earlier today, on-chain analytics firm Glassnode shed light on the market’s reaction to the mounting regulatory pressures. Notably, despite significant volatility triggered by the intensifying regulatory scrutiny from US authorities, Glassnode revealed that the recorded realized losses on-chain remained relatively low at $112 million.

This remains -$3.05B (-96.5%) smaller than the largest recorded capitulation event, suggesting an increased degree of resilience amongst market participants,” tweeted the firm.

Cryptohell, an analyst from Cryptoquant, highlighted impressive long-term holder reactions amidst the negative news surrounding Binance. In a tweet, the analyst examined two indicators, Exchange Inflow – Spent Output Age Bands and Exchange Inflow – Spent Output Value Bands, to identify the investors responsible for the short-term correction in Bitcoin’s price.

As per his analysis, long-term holders with a holding period of over one year did not engage in significant sell-offs. Instead, holders with 3-6 months holding periods, day traders, and weekly swing traders were identified as the current sellers.

The pundit concluded that long-term holders continue to retain their Bitcoin supply, leading to speculation that they may be preparing for the anticipated halving event in 2024.

That said, despite Tuesday’s resurgence, Bitcoin’s woes seem to have worsened, with the SEC reportedly asking a court to freeze the assets of Binance US temporarily. This led to Bitcoin witnessing a further drop Wednesday, with crypto analyst “Material Indicators” tweeting, “Yesterday went as predicted. Today, FUD continues to stimulate PA across the market.”

The pundit then shared his analysis, stating that Bitcoin is currently retesting the 200-Week Moving Average (MA). However, bid liquidity appears to be relatively low at this level. According to him, should the 200-Week MA fail to hold, he predicted another retest of the 50-Month MA, where both liquidity and sentiment exhibit greater strength.

Notably, Bitcoin has already formed a double bottom pattern at the 50-Month MA, which is visible in the hourly timeframes. If a triple bottom were to emerge, it would signal a bullish trend, according to Material Indicators.

However, the expert cautioned that a sudden price drop to $25,000 could potentially clear the path towards a bearish market sentiment, urging traders to “plan for the possibilities.”

At press time, Bitcoin was trading at $26,384, down 0.27% in the past 24 hours, according to CoinMarketCap data. 


Binance’s Counsel: SEC Chair Gensler Offered To Serve As An Informal Advisor In 2019

Binance’s Counsel: SEC Chair Gensler Offered To Serve As An Informal Advisor In 2019

Binance lawyers have revealed that prior to becoming the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler offered up his advisory services to the exchange.

As the SEC’s lawsuit against Binance heats up, these attorneys say Gensler should thus recuse himself from the case, given his history with Binance and its founder and owner Changpeng Zhao.

Gensler Once Offered To Work For Binance

Binance’s legal team claims that SEC boss Gary Gensler previously offered to be an advisor to the cryptocurrency behemoth.

As per documents filed by the SEC on June 7, attorneys from Gibson & Dunn and Latham & Watkins — two of Binance’s law firms — alleged that Gensler offered to serve as an advisor to the exchange in March 2019 — not all that long ago. Gensler allegedly had several conversations with Binance execs, including Changpeng Zhao, before eventually meeting CZ in Japan for lunch, where they discussed the BNB token and Binance launching an exchange in the United States.

At the time, Gensler was a professor of the practice of global economics and management at Massachusetts Institute of Technology’s Sloan School of Management. Nonetheless, he and Zhao kept in touch after the March meeting, and the Binance boss “understood that the now-Chairman was comfortable serving as an informal advisor,” something that Gensler had suggested, the filing claims. Zhao even accepted Gensler’s request and sat down with him to interview as part of a crypto course he was tutoring at MIT.

The lawyers claim Gensler was trying to get in good with Binance before he started going after the exchange. Gensler, sworn into office on April 17, 2021, alleged on Monday that Binance, the world’s largest crypto asset exchange by volume, was operated through a “web of deception” by Zhao and commingled customer funds and shortly after announcing this lawsuit, the SEC sought an emergency order to freeze all assets on Binance.US.

Back in 2019, Gensler was scheduled to testify before the House Financial Services Committee, and he forwarded Zhao a copy of his planned testimony ahead of the hearing for advice, Binance’s lawyers revealed.

However, although the letter by the exchange’s legal team makes it appear that Gensler himself pitched Binance on the advisory position idea, a March report from the Wall Street Journal indicated that Binance had first approached the now SEC chairman. The WSJ cited internal messages and records from 2018 to 2020, claiming that the then head of Binance’s venture investing arm Ella Zhang, and Harry Zhou, co-founder of Binance-invested firm Koi Trading, first met with Gensler in October of 2018 to offer him an advisory role — an offer he later rejected.

How Gensler’s Relationship With Binance Could Affect Lawsuit

If true, the latest revelation by the lawyers representing Binance could have a notable impact on the lawsuit with the SEC. Gensler’s former ties to Binance and Zhao potentially create a conflict of interest.

In fact, in the latest court filing, Binance demands Gensler’s recusal from any actions involving the exchange. 

“Mr. Gensler should have been recused from any consideration in this matter based on this history and the prospect that Mr. Gensler may be a material fact witness,” Binance’s counsel wrote. “To date, the Staff has never confirmed whether Mr. Gensler has recused himself, and if he has not, the Commission’s explanation for why not.”

Binance’s legal team indicated that the SEC is yet to confirm if Gensler will be recused from the lawsuit. Still, according to CNBC, a spokesperson for the SEC said Gensler “is very familiar with and in full compliance with his ethical obligations, including any recusal obligations”.


Multichain CEO vanishes, can the Avorak AI crypto algorithm help trace him?

Multichain CEO vanishes, can the Avorak AI crypto algorithm help trace him?

The cryptocurrency arena is never short of surprises, as unexpected events and mysteries occasionally unfold. One such intriguing case captivating the attention of enthusiasts is the sudden disappearance of the CEO of Multichain, the largest blockchain bridge. As the industry grapples with the unanswered questions surrounding this vanishing act, the potential role of advanced technologies, specifically AI crypto algorithms, in tracing the missing CEO has emerged as a beacon of hope. Does Avorak AI hold the potential to unravel the mystery and help trace the elusive Multichain CEO?

The Multichain Situation

Multichain bridge is the largest bridge by assets with over $1.45 billion in smart contracts, Ethereum and Binance Smart Chain included. The CEO of Multichain went missing, leading to speculation and unconfirmed rumours of his arrest in China. This situation raises concerns about the decentralized nature of the Multichain Bridge as operations stopped leading to the suspension of 11 chains and more to follow. The Multichain bridge couldn’t operate because one person (CEO) has single central access, thus susceptible to compromise or coercion by the authorities.

How Can Avorak AI Crypto Help?

Avorak AI’s blockchain analytics already fears the worst as affected parties take strategic decisions. Avorak AI is an intelligent solution for blockchain analytics and trading. Its machine learning algos continuously learn and advance through natural language processing. Avorak Trade Bot can trace historical data for insights and forecast the future. The tool can help investors, analysts, or interested parties determine anomalies on the Multichain blockchain since its inception. This action can help confirm or dispel rumours of foul play; no one knows whether the CEO is on the run or distressed. Avorak can help determine whether any suspicious actions have occurred in the network since the CEO’s disappearance. Avorak’s advanced tools can also help with solutions to prevent any further losses.


Avorak AI can achieve all these through its native token, AVRK, which is in phase seven of Avorak ICO. The token has astronomically risen by 325% to $0.255, making Avorak AI a potential 100x gem, according to experts, analysts, and YouTube enthusiasts. AVRK holders enjoy bonuses and several privileges now and in the future as AVRK plans to launch at $1. Avorak’s platform is secure and compliant, as confirmed by KYC and its two audits by CyberScope and SolidProof.

The project’s offerings include Avorak Write, a content generation tool that displays content in several writing styles. It also addresses repetition and plagiarism challenges.


Is Multichain Safe?

It is vital to research thoroughly and carry due diligence when assessing whether Multichain is safe, and the blockchain analytics platform Avorak AI could provide the answer. Its safety and reliability are determined by its reputation, track record, security measures, transparency, and user and expert reviews. It is advisable to seek information from multiple credible sources and consider its current embattled state. The CEO’s disappearance has laid bare the question of whether some blockchains are as decentralized as they claim. The disruption of operations in some chains connected to Multichain reveals the amount of control wielded by its CEO, taking them ages back from decentralization.

Wrap Up

Avorak’s analysis recommends actions that cross-chain bridges should avoid. By implementing Avorak AI’s revelations, they can prevent future repercussions by learning from the Multichain bridge lessons.

Learn more on Avorak AI here: 

Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register

Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.


Orange Comet Labs Unleashes Degens & Dragons Game

Orange Comet Labs Unleashes Degens & Dragons Game

Gather ’round, ye internet dwellers and basement warriors! It’s time to strap in and take a wild plunge into the deliciously chaotic world of Degens & Dragons. The pre-Mint Sale to get into the tournament starts on June 8th. We’re talking about a Web3 project where decorum is left at the door, and survival is the only rule that matters. Remember that pesky little question of when to sell? Forget about it! In this universe, your one and only concern is not sucking. Why worry about market trends when you can be the trendsetter?

Born from the innovative minds at Orange Comet Labs, Degens & Dragons ushers you into a world where the thrill of the game outshines the anxieties of the volatile crypto market. Who must fret about those smarty-pants investors dumping their bags and leaving you with pixelated crumbs? Certainly, not you. If you’re reading this in your mom’s basement (and let’s face it, you probably are), it’s high time to don your virtual armour and prepare for battle.

Fight Like A Degen or a Dragon

Welcome to a gritty tournament where degens, blockchain enthusiasts, and gaming veterans clash in a high-stakes melee. This isn’t your grandma’s friendly card game; it’s an all-out pixelated war of wits, cunning, and shamelessness. From underhanded tactics to sneaky strategies, Degens & Dragons offers you a platform to unleash your inner degen. Just remember, there are no rules. Well, there are a few, but who’s counting? The only thing that truly matters is the thrill of competition and victory’s sweet, sweet taste.

And now for a bit of lore to spice things up. Once upon a time, a bunch of daring degens decided to dive headfirst into a new ICO on a chain, suitably named “dragon”. True to their audacious nature, none of these risk-takers bothered to read the contract. When the ‘buy’ notification popped up on their dragon wallets, they hit accept faster than you can say, “To the moon!”. Faster than a high-speed broadband connection, these digital daredevils got sucked into their devices, now tasked with fighting for their liquidity in the high-stakes tournament.

Now, imagine being transported into a world that’s equal parts nostalgia and novelty. Welcome to the gaming landscape of Degens & Dragons, a digital realm that combines the charm of retro, pixel-art aesthetics with the cutting-edge thrill of blockchain technology. In this world, you’re not just another gamer – a player in the global financial market, a digital gladiator vying for a slice of the crypto pie.

Game Mechanics: Win, Lose, or Degen

As you journey through this intriguing world, you’ll discover an array of unique game mechanics designed to test your strategy and skill. Each decision you make impacts your standing in the tournament and, subsequently, your share of the liquidity pool, which starts at 10,000 SUI and is expected to grow to a total of 60% of the mint proceeds!

Specifically, Degens & Dragons is a skills-based elimination tournament that takes place across five epic phases (to enter the tournament, you will need to mint a degen NFT). In each phase, players can fight against opponents as many times as they like to increase their score (however, enemies get tougher the more you play during a phase). At the end of each phase, a percentage of players will be eliminated from the tournament based on their total score for that phase, and an SUI reward is allocated to survivors.  But have no fear, even if you get eliminated, your dead degen can still get back into the game because we’ve added the “Well of Souls”,– where you can choose to burn four of your Degen NFTs that have been eliminated, to re-enter the tournament with vigor.

Take note, in addition to gaming glory, the survivors of each phase will have an opportunity to walk away with a slice of the ever-growing prize pool. The more people join the tournament by minting a degen NFT, the bigger the prize pool gets!

Degens & Dragons isn’t just another game; it’s a prelude to the entire future of gaming. By intertwining the spheres of gaming and Web3, this unique project creates a platform where players can thrive in the face of uncertainty. It redefines the gaming experience, empowering players to embrace their inner degens, outwit their enemies, compete for blockchain immortality, and a share of the prize pool.

For more details on the game mechanics & how the prize pool is calculated, check out the white paper:  https://cometlabs.gitbook.io/degens-and-dragons/.

Don’t Squander the Opportunity

So, if the prospect of engaging in ruthless competition, outsmarting rivals, and climbing the ladder of success gets your adrenaline pumping, Degens & Dragons is the place for you. Why sit on the sidelines when you can be in the heart of the action? Follow Degens & Dragons on Twitter to stay abreast of the latest updates, tips, and strategies.

Pre-Mint Sale is coming up on Thursday, June 8, 2023 – so dive headfirst into the glorious mess that is Degens & Dragons. Remember, in this realm, fortune favours the bold, the cunning, and the shamelessly crafty. So grab your gear, muster up your courage, and plunge into the fray. Your destiny awaits!

For more information, visit DegensDragonsGame.com

Discord: https://discord.gg/degensanddragons 

Twitter:  @DragonDegens


Centralized Exchange Volumes Hit Record Low, Kraken Outage, Binance.US Faces Difficult Times

Bitcoin Price Dip Buyers Assert Presence By Stashing Billions On Exchanges

According to blockchain data, centralized exchange volumes have fallen to an all-time low, with DEXs rising in popularity in the cryptocurrency market. The numbers show trading activity on centralized exchanges is declining and has reached its lowest point since October 2020.

The general sluggish market circumstances, the exit of well-known companies like Jane Street and Jump owing to regulatory worries, and the rise of decentralized exchanges with meme coin trading are some of the causes of this decline.

Decentralized exchanges are taking advantage of the rising need for better privacy and quicker asset listing. As centralized exchanges see a decrease, decentralized exchanges (DEXs) have seen substantial growth.

By enabling direct peer-to-peer trading, these blockchain-based platforms provide improved security, anonymity, and control over funds. According to recent statistics from Dune, an on-chain analytics company, May has seen a noticeable surge in user activity on various decentralized finance (DeFi) platforms in May 2023. This increase in user numbers highlights the growing acceptance and popularity of DEXs in the crypto industry and is similar to the peak levels seen during the bullish market era in 2021.

Meanwhile, major cryptocurrency exchange Kraken has been having problems with its crypto gateway and delays in the deposit and withdrawal processes. Frustrated users have reported having trouble accessing their money. Delays and gateway issues are viewed as potential roadblocks for investors and traders using the Kraken platform, raising questions about its dependability and effectiveness.

Further on the legal front, a global emergency order to freeze Binance.US assets has been requested by the U.S. Securities and Exchange Commission (SEC). The SEC’s action is part of a case now being litigated against the crypto exchange.

The development underscores the possible impact on Binance.US’s activities and assets and the increased regulatory scrutiny it is currently subject to. The development shows the importance of this regulatory action and the SEC’s efforts to impose control over Binance.US and its operations outside of the United States.

The agency claimed that the emergency restraining order was required to “prevent the dissipation of available assets for any judgment, given the Defendants’ years of violative conduct, disregard of the laws of the United States.”

Changpeng Zhao, the founder of Binance, is also required under the ruling to “show cause why a preliminary injunction” against him and two holding companies “should not be entered.”

The action follows the SEC’s lawsuit against Binance and Zhao earlier this week, claiming that CZ and the exchange conspired to inappropriately combine money, deceive investors, and act as an unregistered broker, dealer, and clearing house.


Bitcoin OG Arthur Hayes Believes The “Moon Ain’t Far Away” As BTC Bounces Higher Despite Regulatory Actions

Bitcoin OG Arthur Hayes Believes The “Moon Ain’t Far Away” As BTC Bounces Higher Despite Regulatory Actions

Bitcoin shook off the U.S. Securities and Exchange Commission’s (SEC) latest enforcement actions to climb back up to as high as $27,300.13 today, according to CoinGecko. BTC recovering lost ground prompted Arthur Hayes, the founder and former CEO of cryptocurrency exchange BitMEX, to make a bullish prediction for the largest cryptocurrency by market capitalization.

BTC Bulls Unfazed By New SEC Lawsuits

Cryptocurrency prices largely ticked higher over the past 24 hours despite the uptick in regulatory scrutiny that the digital assets industry has confronted recently.

Bitcoin plummeted $25,400 on Monday in the hours after the SEC unveiled a complaint against Binance, the world’s largest crypto exchange by trading volume. But the crypto began inching higher by the end of the day and continued its path on Tuesday even as the securities regulator initiated a second lawsuit against Binance competitor Coinbase. In so doing, BTC regained all of its lost ground, as it returned to just below $27,000, where it is trading at press time, up 4.53 percent on the day. The second most valuable crypto, ether, also rallied Wednesday to trade hands near $1,900, a 2.94 percent gain over the last 24 hours.

Analyzing the bounce, former BitMEX CEO Arthur Hayes stated that the “wall of worry is being climbed,” encouraging his followers to join him on the “bull market bus” for Bitcoin.

“We are still on struggle street, but the moon ain’t far away,” Hayes tweeted.

Hayes’ prediction is a sign of strong conviction in a market that has been hit hard in recent days.

SEC’s Harsh Steps Against Crypto

Crypto prices have been extremely volatile this week in the wake of news that the SEC had charged Binance and Coinbase with selling unlicensed securities in the country. Binance and the company’s chief executive officer, Changpeng Zhao, were struck with 13 civil charges by the SEC on Monday. The commission claims Binance was involved in an “extensive web of deception” by commingling customer funds. Coinbase, on the other hand, was accused of failing to register with the SEC as an exchange, clearing house, and broker.

The charges came despite the SEC’s lack of regulatory clarity on which crypto tokens qualify as securities. The SEC has not provided any formal legal definitions to token issuers and is yet to give its response to a petition from Coinbase seeking clearer rules on crypto.

That said, Binance and Coinbase have vowed to “vigorously defend” the suits against them.

In the meantime, the United States Court of Appeals for the Third Circuit has ordered the SEC to clarify its position on Coinbase’s rulemaking petition within one week.


Qi Blockchain Aims to Become the Most Efficient Payment Rail in the World

Qi Blockchain Aims to Become the Most Efficient Payment Rail in the World

London, England – Qi Blockchain announces to become the most efficient payment rail in the world. Imagine if every payment in the world was as fast, cheap, and global as sending an email. Banking has driven the world for finance for long, but there was a longstanding demand for a complete revamp to better serve the public, given the increased number of transactions and the average value for each. Simply put, banks can no longer offer the same service, and even if they could, it’s no match for the new-age technologies, particularly blockchain. Blockchain, though new, has captured the market and captivated millions with its enhanced reach, easy-to-use features, privacy, security, and user-centric approach. And it’s almost time blockchain will redefine banking, making it accessible to millions more worldwide. And Qi blockchain is leading on this front.

It’s not like there’s a shortage of available options. A quick search and one would come across hundreds of blockchains and thousands of cryptocurrencies across the globe. But not all offer the same benefits. Inexperienced young chaps create most with no fundamental understanding of the market intricacies, patterns, and relations. The Qi blockchain stands apart in this aspect, given the vast array of market-friendly options, the ability to take high returns, and the strictly enforced advanced security protocols.

To understand why the world needs to transition towards blockchain-based options, let’s take the case of Credit Suisse, one of the leading private banking solutions and a popular choice across the globe until recently. After years of dominating the market, Credit Suisse underwent a rough phase leading to its collapse and was sold to UBS for roughly $3.3 billion. This paints a clear picture of the banking solutions worldwide and how all these are prone to fall due to the slightest variations in the market. And new-age users have identified this and are looking for reliable alternatives.

Some key inefficiencies of current cross-border payments:

  • Legacy technology – most banks still use old Cobol-based mainframe computers from the 1970s and have not adopted a flexible type open banking API approach with cloud computing. A single server also increases hacking risk as opposed to a distributed network of servers.
  • Broken data formats and being error-prone – 35% of all payments sent by banks result in payment routing errors, and 20-25% of all card transactions fail.  Some of these errors are identified only upon a complaint from a beneficiary demonstrating a clear lack of traceability.
  • High operational costs of banks with skyscraper physical branches and being overstaffed.
  • Long transaction chains and disparate – a bank does not have a bank account or direct relationship in every country and requires what is called correspondent banks to help execute transactions across borders. If there are different currencies in the transaction in question this can become even more complicated.  Blockchain technology can remove the need for correspondent banks for faster settlement.
  • Limited operational hours – banks typically are open only from 9 to 5 and closed on weekends. The USA operates in a different time zone than China, causing even more delays.
  • High funding cost – liquidity is required at the end destination of the transaction with compliance check complexities, etc.

Qi blockchain to fill in the glaring loopholes

Banks, or traditional payment platforms, don’t serve users’ needs. Massive loopholes are yet to be addressed, let alone resolved. The industry has grown dormant over time, and though the number of players has increased, people are yet to witness a user-centric approach. And this growing concern is what’s driving users towards blockchain-based solutions, especially the Qi blockchain, which is emerging as the one-stop solution to all requirements.

Here are some of the aspects that concern users and how the Qi blockchain manages to address them:

  • Reliable: What everyone saw with Credit Suisse wasn’t a one-off instance, but there have been several similar cases recently, this just being the most prominent one. Hundreds of banks across the globe have ceased to operate or were forced to merge in a bid to save them. What’s the guarantee that yours isn’t next in line? None, to be honest. But with the Qi blockchain, one can be sure of that. It has managed to create a storm in a short while and is currently one of the top-ranked options in terms of user-centric features. Besides, compared to other blockchains, Qi can process up to 2000 transactions per second (tps), and it will soon hit 10,000 after the planned upgrades.  Blockchain can remove the need for intermediaries like correspondent banks and enable direct settlement between parties involved.
  • Secure and Transparent: A simple fact about blockchain, anything on it cannot generally be tampered with, no matter the amount of effort or resources put in, given its style of functioning. And with the Qie wallet, all information is stored on the Qi blockchain, providing complete security to the end user in all aspects. The security protocols enforced are top-notch and the latest in the market to ensure an unmatched experience with highly secure cryptographic algorithms. Increased transparency will improve compliance by enabling banks to easily track and monitor transactions, which can help prevent fraud and money laundering.
  • Smart contracts: Blockchain technology enables the use of smart contracts, self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts can automate compliance tasks such as KYC (know your customer) and AML (anti-money laundering) checks, reducing the risk of human error and increasing efficiency.  Furthermore, smart contracts can be used to automate various aspects of banking infrastructure, such as loan origination, trade finance, and insurance for faster settlements and lower costs.
  • Pocket-friendly: Conventional banking solutions usually charge a high transaction fee, especially for cross-border transactions. But that changes with blockchain-based payment rails, one where the geographical location of the sending and receiving parties isn’t much of a factor, and the gas fee (or transaction fee) is minimal. With Qi, it’s less than 0.001%. So, why shell an additional amount with the traditional banking partner when a futuristic option charges much less?
  • Available 24×7: One of the significant drawbacks with banks is the periodic downtime to aid upgrades and the weekly shutdown (typically on weekends) of most banking processes. It presents a major hurdle to users and is almost the same everywhere. But with the Qi blockchain, one can transfer funds 24×7.

The world of finance is changing, and users must transition for a more secure and reliable experience. Money plays a vital role in lives and should be kept where it’s safe and free of third-party interference, presently offered only by blockchain-based solutions. And the Qi blockchain is at the forefront of leading this change.

To find out more about the Qi blockchain, visit the official website:https://qiblockchain.online/.

Also, follow it on all social channels to stay updated with the latest developments in the space:

Twitter: https://twitter.com/qiblockchain

Instagram: https://www.instagram.com/qiblockchain.online

Facebook: https://www.facebook.com/QiBlockchain

Discord: https://discord.gg/9HCNTyqkwa

Reddit: https://www.reddit.com/r/qiblockchain/

Media Contact:

Contact Person: QIE Marketing Team

Company: QIE Blockchain

Email: info@qiblockchain.online

Website: https://qiblockchain.online/


Blockchain-based Sleap Announces Upcoming Launch Aimed At Revolutionizing The Hospitality Industry

Sleap Announces Upcoming Launch Aimed At Revolutionizing The Hospitality Industry

Sleap.io, a Web3-based hotel booking platform, is set to transform the hotel industry through different emerging technologies.

According to the Sleap.io team, the launch has been set for sometime later this summer. The launch will offer users access o the first-of-its-kind hotel booking platform that merges blockchain and Artificial Intelligence technologies. The platform reportedly aims to help users make seamless transactions through cryptocurrencies. By harnessing different technologies, Sleap will offer numerous benefits, such as reduced transaction fees, protection from fraud, and chargebacks, among many others.

Notably, this next-gen Online Travel Agency (OTA) will use AI search tools and algorithms to analyze user data to create exclusive tailor-made offers to users. This will range from destinations to hotel booking suggestions.

Sleap.io was founded by Michael Ros, a travel tech entrepreneur who sought to redefine using technologies, including the next-gen Camino Network, to bridge the gap between traditional hospitability and the growing Web3 space. Users will get rewarded with Casimo Network tokens (CAM) for making reservations using the platform and referring other users.

While sharing his thoughts on the driving force behind Sleap, Michael Ros stated:

“Imagine a world where your crypto wallet is your passport to a multitude of personalized hotel offers sent to you as NFTs—that’s the vision we’re bringing to life with Sleap. We’ve designed our platform to not only harness the power of blockchain but also evolve dynamically to meet the needs and preferences of our users.” 

To use the Sleap platform, users need a crypto wallet. Once logged in, users receive offers as NFTs before making payments in any crypto assets they choose. On the other hand, property owners receive payments in fiat currency such as the US dollar. 

In addition to operating on the Camino Layer 1 network and accepting crypto payments, the platform has also formed strategic partnerships with global partners with over 150 properties. Sleap also uses Discord as its primary communication hub, which makes it possible to streamline operations through search bots and AI. 

The platform is still under development, and the team will give more details in the coming days. 


Grape – Harnessing Smart Contract Generators with AI Tools To Create Seamless Experiences on Web3 and AI Platforms

Grape - Harnessing Smart Contract Generators with AI Tools To Create Seamless Experiences on Web3 and AI Platforms

The world of blockchain technology is evolving rapidly, and one of the latest projects to enter the space is Grape.

Grape is focused on making blockchain accessible for everyone by providing easy coding tools that allow users to create complex applications and content without sacrificing decentralization or security.

From its six pillars of adoption, scalability, compatibility, flexibility, security, and storage to its roadmap, which includes both fiat integration and quantum resistance – Grape has set out an ambitious agenda for itself. Today, we chose to explore how Grape plans to achieve their goals and how you can join them in their mission.

Grape’s Dream: Making Blockchain Accessible for Everyone

Ever since blockchain first entered our lives, accessibility has been a major concern. Although the technology has made it possible to create secure, transparent, and cost-effective transactions over the years, the current lack of scalability and speed has prevented mass adoption.

This is why projects such as Polygon, Algorand, and Solana have become increasingly popular for their Layer 2 solutions on Ethereum. But Grape has an even bigger dream: to make blockchain accessible to everyone.

Grape’s vision is to create a scalable, reliable, and secure decentralized layer one ecosystem with its own consensus mechanism and distributed storage system – VINE.

With VINE, developers can quickly build and deploy complex applications without worrying about transaction speed and cost. VINE also ensures that the data is always secure, even when stored on decentralized storage systems.

Grape is continuously striving to make blockchain more accessible and user-friendly, enabling everyone, from developers to users alike, to access the revolutionary benefits of distributed ledgers. By making blockchain technology easier to use and more secure than ever before, Grape is determined to make blockchain a part of everyday life.

How Can I Join Grape?

If you’ve studied how Grape works and intend to join the platform, there are a few steps to follow.

In general, you should keep among your favourites two URLs:

  1. Buy.grap3.com – this is the address where you can participate in the whitelist distribution rounds.
  2. Guild.xyz/grape is the platform to join Grape’s airdrops and invite people to build their community.

Once registered on any of these sites, you should start exploring the different offerings that Grape offers. Try out their testnet and join their socials for more chances of winning GRP tokens. Invite people to join the Grape community, so you can increase your odds even further.

Finally, wait as patiently as possible until the full launch of Grape’s platform for maximum benefit from your participation.

Above all, remember to keep up-to-date with the latest news regarding Grape and its platform developments for more chances to benefit.

Grape’s Core Components

Grape is a cutting-edge, next-generation blockchain technology that will revolutionize the way smart contracts are created and managed. Grape’s core components include six pillars of adoption: AI-based coding, scalability, compatibility, flexibility, security, and storage.

The AI-based coding feature in Grape will make it easy for any user to create and program smart contracts using simple prompts. Grape’s scalability will be improved by its sharding feature, which allows nodes to run concurrently, thus improving performance and making network access more accessible.

In addition, the interoperable Non-Fungible Token (NFT) standard in Grape ensures that game progress can be transferred, traded, or sold. Branch chains in Grape will offer greater flexibility for projects requiring maximum customization, and its proprietary module, DART, based on quantum-resistant encryption algorithms, will ensure comprehensive security.

Surely, the fact that GRP has only half the supply of BTC will make it an attractive asset for many investors. 

It’s also worth noting that this platform exceeds Ethereum’s features, making it the ideal choice for enterprises seeking a secure and reliable blockchain platform. In general, we’re talking about a more powerful system than the top 30 chains combined while offering complete decentralization. 

Lastly, decentralized cloud storage allows users to become node operators and provides them with a reward for providing disk space.

These features paint a rather clear and futuristic picture of Grape and its capabilities, one that looks to make blockchain easier and more reliable.

The Roadmap: What to Expect from Grape

Grape is currently working towards launching its public testnet. This launch will serve as a key milestone for Grape’s development, as it will provide users with access to the technology and will enable them to interact with the platform.

Once the public testnet is launched, Grape will focus on expanding its feature set, which includes launching a decentralized file storage system and an interoperable Non-Fungible Token (NFT) platform. These features are expected to go live in Q3 2023.

Grape plans to launch its mainnet in Q4 2023. This mainnet launch will be accompanied by a Fiat onramp, allowing users to purchase the native GRP token with their preferred currency easily.

In 2024, Grape plans to focus on expanding its offering by introducing authentication capabilities using biometrics and launching a DEX, Launchpad, Marketplace, and Web3 as a Service platform. Finally, Grape plans to introduce mainnet sharding in 2024.

Overall, the development team at Grape is striving to make its platform more accessible and secure for users. By implementing these features, Grape wants to be well-positioned to position itself as a leading interoperable blockchain platform.

Grape’s Entrance into the Blockchain World

Grape is a cutting-edge, next-generation blockchain technology that will revolutionize the way smart contracts are created and managed. It has an ambitious agenda to make blockchain more accessible and user-friendly with its own consensus mechanism and distributed storage system – VINE. 

You can join Grape by participating in their whitelist distribution rounds at buy.grap3.com or through their airdrops on Guild.xyz/grape platform for more chances of winning GRP tokens.

Keep up to date with the latest news regarding Grape’s upcoming testnet launch, mainnet launch, fiat integration, quantum resistance feature implementations, as well as other features such as authentication capabilities using biometrics and DEXs, which promise increased accessibility for all users alike.

For more information, you can visit all the links below and become part of this new ambitious initiative.

Distribution Site | Testnet | Airdrop Site | Website


Bitget Going on AI-Powered Streak with New Martingale Strategy Product

Bitget Going on AI-Powered Streak with New Martingale Strategy Product

Major crypto exchange Bitget introduced artificial intelligence (AI) in its trading services. The platform’s newest AI-powered Martingale strategy product is explicitly designed for actual use in real-time trading scenarios.

The AI-powered Martingale strategy product comes fresh on the heels of Bitget’s explosive growth in terms of product lineup expansion and user base swelling. The new investment product is specifically intended for novice traders, as the release statement claims – a clear indication of further trader attraction and a demonstration of crypto attractiveness as well as affordability.

The Martingale AI strategy uses a proprietary neural network to analyze historical market data and give users a low entry threshold for making investments. Given that markets have a tendency of growing over time, the AI analyzes such movements and provides users with a global overview of the market to give them suggestions on how best to manage their assets. Most importantly, the strategy focuses on increasing the number of investments after a downturn to recoup losses and achieve profit. 

There are many advantages to be leveraged in the new product, and novice users are sure to appreciate them. Considering the volatility of markets and the high risks involved, users can set their risk appetites and rely on a built-in tool kit that allows them to select which approach to adopt – aggressive or conservative. Experienced traders will find value in that the new instrument lets them go long or short, buy at bottoms, or catch callbacks.

Another important aspect that sets the Bitget product apart is that it allows use of two-way trading – perfect for both bulls and bears. However, the biggest selling point is the availability of 100x leverage, opening up multiple avenues of opportunity for trading large volumes and going all in.


BinaryX And AiGC Labs Partner Up For The First-Ever AI-Powered VR Game On The Metaverse

BinaryX And AiGC Labs Partner Up For The First-Ever AI-Powered VR Game On The Metaverse

BinaryX, a GameFi and IGO platform, is elated to announce its partnership with AiGC Labs to develop the first AI-powered virtual reality game on the metaverse.

Per the announcement, BinaryX and AiGC Labs will launch the first-ever VR games featuring VR and Artificial Intelligence Game Content (AIGC) elements. The partnership seeks to harness, BinaryX’s GameFi expertise and AiGC Labs Virtual Reality and AIGC to create a groundbreaking new GameFi genre of AI-based VR games.

According to the BinaryX team, the game will be set in a character-rich universe where heroes from East Asian folklore will inspire characters. The team is yet to release full details of the game.

Commenting on the game, Rudy, Head of Growth at BinaryX, explained:

“We are incredibly excited to unveil our latest venture into VR and AIGC technologies. This is a significant milestone for our companies as we continue to push the boundaries of innovation in the Web3 gaming industry. Together with our partners, our team has poured talent and dedication into creating a game that will redefine the gaming experience and captivate players like never before. We’re excited to reveal the game to our players soon.”

Notably, the development follows a recent announcement by Apple made during the Worldwide Developers Conference event held on June 5, revealing their VR headset and Apple Vision Pro.

BinaryX’s mission is to traduce high-quality games to Web3 and the metaverse. The project has developed many games, including CyberChess, CyberDragon, and CyberLand. These games are run on the Binance Chain. Notably, BinaryX has also been working on a separate AI-powered game set to be released later this year. The AI models have reportedly helped BinaryX explore and refine different ideas, including environmental layouts, level designs, and challenges. 

In addition to games, BinaryX offers Initial Game Offering (IGO) services, allowing game developers to launch their GameFi Projects. To date, BinaryX has gained a large following with over 30k active wallets each month and over 100k coin holders. BinaryX ranks among the top project by trading volume on the BNB chain. 


Ripple Lawsuit: “SEC Has A 3% Chance Of Winning,” Says Lawyer, Predicts XRP Victory Surge to $10 Price

Ripple-SEC Suit: Did XRP Sales Violate Securities Laws? Judge Could Declare Verdict As Soon As June
  • Digital asset lawyer John Deaton sees only a slight window of opportunity for the SEC to emerge victorious over Ripple.
  • The lawyer predicted an end to the case in September, with a likely split in the middle between Ripple and the SEC.
  • Fox Business reporter tweeted on Ripple hosting a roadshow meeting with investors to gather ideas on the possibility of a public offering.

Positive signs have come out of Ripple and XRP spaces in the past week as its case with the Securities and Exchange Commission (SEC) nears its end. Who comes out victorious will set a landmark precedent in cryptocurrency regulation in the future, experts say.

A web3 lawyer, John Deaton says there is only a 3% chance that the SEC will win its case against Ripple. While he conceded that the Commission might get some concessions, an outright win from the present realities will be impossible. 

Deaton has been vocal in the defence of Ripple since the SEC filed its case against them and two executives, Brad Garlnghouse and Chris Larsen. The founder of CryptoLaw, while speaking on The Good Morning Crypto Podcast, stated that there is a 25% chance of an outright win by Ripple.

He explained his position by noting that Judge Torres will likely “split the baby”, with Ripple claiming most of the victory. Deaton illustrated his position by claiming that Judge Torres could rule that XRP offered before 2018 was a security. This is hinged on the Hinman documents, a speech made by a former SEC director in 2018, therefore, digital assets can become commodities if they are fully decentralized.

I think that XRP itself is going to be deemed not a security and that I think that secondary market sales show comment. Even if [Judge Torres] does rule finding that Ripple violated the law, that doesn’t apply to secondary market sales,” Deaton noted. 

At last!! The end is finally within sight

Ripple’s CEO Brad Garlinghouse, alongside other stakeholders, have predicted an end to the case in the coming months. According to Deaton, the case would be concluded before Sept 30 because of the “six-month list” judges have to file. The list which is published in March and September, highlights all summary judgments pending more than six months.

She has never been on this list. It’s like a public shame list that says, ‘Look I’m shitty at my job,” he added.

Deaton also predicted the price of XRP post the case stating that the price could soar between $2 and $10. Deaton’s views have been justified by a renewed surge of XRP following a tweet from Fox Business reporter Eleanor Terret on Ripple hosting a roadshow with investors on the possibilities of going public soon.

At press time, XRP exchanges hands at $0.52, surging over 11% in the past ten days.