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XRP Lawsuit: Ripple CLO Points to SEC’s Latest Legal Loss And Why It’s So Bullish On Case Outcome

XRP Lawsuit: Ripple And SEC Request Additional Time to Disclose Hinman Files — Is A Settlement Looming?

Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has drawn attention to a recent legal setback faced by the U.S. Securities and Exchange Commission (SEC). This setback, stemming from the SEC’s lawsuit against Aron Govil, could have profound implications for the ongoing legal battle between Ripple and the SEC.

Alderoty’s remarks follow a court decision that denied the SEC’s petition for review, reinforcing a ruling that could affect the SEC’s ability to seek disgorgement in cases where investors did not suffer financial losses.

The SEC’s recent defeat occurred in its lawsuit against Aron Govil, where the Second Circuit Court of Appeals declined to review its decision from last year. The court’s ruling stated that the SEC cannot demand disgorgement from an issuer or seller unless the buyer has incurred economic losses. Despite the SEC’s attempt to appeal this decision, the court stood by its initial ruling, dealing a blow to the commission’s legal strategy.

In a post on his X account, Alderoty highlighted that the SEC has faced repeated defeats, particularly in legal battles.

“The SEC continues to lose. The Second Circuit Court of Appeals refused to reconsider their decision in Govil which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller.”

Implications for Ripple Lawsuit

The Govil decision could directly affect Ripple’s defense in its lawsuit with the SEC. Ripple is currently facing allegations of violating federal securities laws through its XRP sales. With the SEC seeking nearly $2 billion in penalties and fines, Ripple has a vested interest in leveraging the Govil decision to strengthen its defense. The key argument revolves around whether investors suffered financial losses by purchasing XRP.

As Ripple prepares to file its opposition to the SEC’s remedies-related brief by April 22, the Govil decision could play a pivotal role. If Ripple can convince Judge Analisa Torres that investors did not suffer financial losses by acquiring XRP, it could significantly impact the case outcome. Ripple’s argument would focus on the fact that any disgorgement should only apply to institutional buyers who purchased XRP above its current price.

Market Impact: XRP Price Fluctuations

Amidst these legal developments, the price of XRP has experienced fluctuations. Following the announcement of the partnership between the TON Foundation and HashKey Group, XRP’s price surged by approximately 1.5%.

However, in the past 24 hours, it has dropped by nearly 11%. Despite these fluctuations, XRP remains a focal point in the cryptocurrency market, with its price movements closely watched by investors and enthusiasts alike.

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99Bitcoins Secures $150K On First Day of Its Learn-To-Earn Presale Launch

99Bitcoins Secures $150K On First Day of Its Learn-To-Earn Presale Launch

99Bitcoins, a crypto project that provides information about cryptocurrency to onboard new users to the industry, has launched its much-anticipated token presale.

The presale launch will see the platform democratize access to crypto knowledge while embracing Bitcoin’s meteoric rise, as evidenced by its staggering $150,000 raise on the first day alone.

At the core of 99Bitcoins’ mission lies its commitment to education. Boasting an impressive track record with over 2 million registered users and a robust social media following, including 700,000 YouTube subscribers and 16,000 Twitter followers, the platform has solidified its status as a premier resource for crypto novices.

With over 80 hours of comprehensive content, 99Bitcoins is the go-to entry point for individuals eager to delve into the complex of the crypto realm.

Introducing its latest innovation, the $99BTC token, 99Bitcoins, pioneers the gamification of learning within the cryptocurrency sphere. By incentivizing users with $99BTC rewards upon course completion, the platform offers access to premium content, exclusive discounts, VIP communities, and token holder events, cementing its commitment to educational excellence.

As the crypto landscape braces for an influx of new enthusiasts amid the impending halving event, 99Bitcoins stands poised to harness this surge. Research from industry stalwarts corroborates the imminent surge in first-time crypto adopters, so the platform’s timing couldn’t be more opportune.

Not content with merely disrupting conventional education paradigms, 99Bitcoins spearheads the BRC-20 movement, a novel token standard facilitating smart contract deployment on the Bitcoin blockchain.

A Solidproof audit has underscored the project’s integrity, emphasising security and transparency, affirming its absence of potential issues or warnings. While initially deployed as an ERC-20 token, $99BTC is slated to transition to the BRC-20 standard in Q4 2024, fortifying the project’s security within the Bitcoin network.

In a strategic move to ensure longevity and competitiveness, 99Bitcoins has meticulously curated its tokenomics structure. With 15% earmarked for the presale, 14% for staking rewards spanning two years, and allocations for project funds, community rewards, liquidity provision to exchanges, and marketing initiatives, the platform is primed for sustained growth.

Bolstered by an ambitious roadmap that culminates in the platform’s beta release later this year and a full-scale rollout slated for next year, 99Bitcoins is poised to redefine the crypto education landscape.


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 project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.

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Toncoin Predicted To Hit $23 as TON Foundation and HashKey Partner to Expand TON Ecosystem

Toncoin Coming For XRP, Dogecoin Spots After Knocking Cardano Out Of Top 10

In a strategic move to bolster the growth and accessibility of the TON Ecosystem, the TON Foundation has partnered with HashKey Group, triggering a 4% surge in Toncoin’s price.

This collaboration aims to support projects within the TON Ecosystem and enhance accessibility for users in the Asia-Pacific Region, signalling a significant step towards mainstream cryptocurrency adoption.

According to the announcement on Friday, the partnership between the TON Foundation and HashKey Group is primarily focused on supporting and incubating innovative projects within the TON Ecosystem. The collaboration seeks to accelerate the ecosystem’s growth and adoption by providing resources and guidance.

The TON Foundation sees the partnership with HashKey as a major opportunity. They believe that HashKey’s strong regulatory compliance, especially regarding know-your-customer (KYC) rules, will make integrating Toncoin into the Telegram ecosystem easier.

Steve Yun, the President of The Open Network Foundation, highlighted the significance of compliance. He expressed confidence in strategically meeting these requirements to ensure regulatory adherence.

Additionally, efforts will be made to improve the accessibility of on-ramp and off-ramp services for Wallet in Telegram users in the Asia-Pacific Region, making it easier for cryptocurrency enthusiasts to navigate the ecosystem.

The TON blockchain began as an internal initiative by Telegram in 2018 but was discontinued in 2020 due to legal challenges from the SEC. In response, community members established the TON Foundation to carry on its advancement with Telegram’s support.

Toncoin (TON) Price Reacts

Toncoin, the cryptocurrency native to the TON network, experienced a brief 4% increase in value immediately after the announcement.

Just three days ago, Toncoin achieved a significant milestone by reaching an all-time high price of $7.08. This surge propelled Toncoin into the top 10 cryptocurrencies by market capitalization, garnering attention from the cryptocurrency community.

Looking ahead, price predictions indicate a significant rise by May 11, 2024, with an estimated price of $23.51. This optimistic outlook is supported by bullish technical indicators and a prevailing sentiment of extreme greed in the Fear & Greed Index, suggesting that Toncoin’s price could continue to rise in the near future.

Predictions suggest that Toncoin could reach a low of $7.19 in 2025, followed by a potential high of $33.85 the following year. This demonstrates the volatile nature of the cryptocurrency market. Insights from historical price trends and Bitcoin halving cycles suggest that Toncoin may sustain its growth trend in the future.

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Solana Validators’ Timely Vote Credits Mechanism Could Be The Absolute Key To Speeding Up Transactions

Solana Bulls Eyeing Super Bullish Breakout To $100 SOL Price As Cathie Wood Sings Its Praises

Solana, a blockchain platform known for its high-speed transactions, has taken a significant step to enhance its speed and efficiency further. 

The platform’s validators have voted overwhelmingly in favour of the “Timely Vote Credits” initiative, with a staggering 98% approval rate. This new mechanism aims to accelerate transaction speeds by modifying the incentives for validators within Solana’s consensus mechanism.

The introduction of “Timely Vote Credits” marks a strategic shift from the previous uniform credit system for consensus votes to a variable credit system. This change will enhance the blockchain’s security mechanisms while ensuring faster transaction verification.

Validators who participate promptly will be rewarded under this new system, incentivizing them to expedite the processing of transactions.

Solana Implements New Mechanism to Boost Transaction Speeds

The approval of this initiative reflects a united effort by the Solana community to boost system performance and address issues such as transaction failures. Solana aims to solidify its position as a leading blockchain platform by implementing these improvements, offering users more reliable and efficient services.

The “Timely Vote Credits” proposal was endorsed on April 9, following its introduction on March 14. The initiative aims to reduce the incentive for deliberate voting delays by rewarding quicker votes with more credits. Previously, validators could delay their voting without repercussions, maximizing their rewards by ensuring their votes were cast on the accurate version of the blockchain.

Solana Labs stated that validators have traditionally been awarded a single vote credit each time they submit a consensus vote on a block that is subsequently finalized by the network.

Despite Solana’s ability to process approximately 1,000 user-initiated transactions and nearly 2,000 transactions related to voting every second, Solana has encountered difficulties due to transaction failures caused by a bug in the QUIC protocol.

To address this issue, Solana is set to implement a fix for the bug by April 15, contingent on successful preliminary testing. This update is expected to mitigate transaction failures and enhance the network’s functionality.

In conclusion, Solana’s adoption of the “Timely Vote Credits” mechanism signifies a significant advancement in transaction processing capabilities. With overwhelming support from validators, Solana is poised to accelerate transaction speeds and improve its overall performance, solidifying its position as a top-tier blockchain platform.

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ADA Bulls Bank On $1 Price Eruption As Emurgo Teams Up With Tech Giant Huawei To Boost Cardano

Charts Show ADA Ready For 1,700% Eruption To $8 Price As Stars Align For Cardano Monster Bull Run

Cardano fans are bursting with excitement as Emurgo, a founding entity of the Cardano protocol, has joined forces with Huawei to strengthen the network’s presence and enhance its cloud-based blockchain solutions.

Cardano Onboards Huawei Cloud Infrastructure

Emurgo has announced a partnership with Huawei Cloud, one of the world’s top cloud computing companies.

According to an April 11 press release, Huawei Cloud will add support for a Cardano validator node. This strategic partnership marks a key moment for Cardano and promises to boost the blockchain’s capabilities and extend its reach.

The collaboration will bring Huawei’s formidable cloud infrastructure to the Cardano ecosystem, letting developers utilize it to develop scalable and interoperable Web3 solutions. This will result in heightened growth and adoption across Asia-Pacific and Africa.

This team-up combines Huawei Cloud’s powerful computational resources and international reach with Cardano’s blockchain technology to improve the scalability and interoperability of Cardano’s cloud services.

EMURGO CEO Ken Kodama expressed enthusiasm for the alliance, quipping:

“This collaboration converges the traction of Huawei Cloud’s trusted cloud technology with Cardano’s network of blockchain developers and Web3 solutions, representing our shared vision to accelerate Web3 adoption while enabling transparency and trust in the cloud ecosystem.” 

A notable aspect of this partnership is Cardano’s access to Huawei’s Marketplace, a platform many leading organisations utilise internationally. This integration will greatly broaden the reach of Cardano’s Web3 capabilities. 

This partnership highlights EMURGO’s commitment to cementing Cardano’s footprint across major Asian and African economies. Moreover, this milestone is the first step toward a bigger partnership between Emurgo and Huawei in the foreseeable future, which will push commercial adoption via validator nodes, events, and technological alliances.

ADA was changing hands at $0.52 at press time. After being dethroned by Telegram-linked Toncoin, Cardano now holds the 10th spot on the crypto leaderboard. However, according to popular crypto analyst Ali Martinez, nothing has changed for ADA regarding its price moves. The token is right where it should be, currently consolidating in the range between $0.52 and $0.80 before a rally to the $1.70 level.

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Ethereum (ETH) Price Retakes $3,500 After Whales’ Massive Transactions

Ethereum Whistleblower Claims China’s Massive ETH Holdings ‘Jeopardize’ Whole Crypto Market

Ethereum, the second-largest cryptocurrency by market capitalization, has witnessed a notable recovery, surging 3% to $3,591 following a period of intense volatility. This resurgence comes on the heels of significant accumulation by prominent Ethereum whales amidst a market downturn. Here’s a closer look at the recent developments impacting Ethereum’s price.

Ethereum Whale Activity Triggers Bullish Sentiments

In the past three days, as noted by Lookonchain, an Ethereum whale has strategically accumulated $70 million worth of ETH, taking advantage of the altcoin’s price dip. Notably, the whale purchased 10,309 ETH, valued at $35.82 million, during a recent market downturn. This move follows a similar significant investment of 10,643 ETH, worth $36.75 million, made by the same investor on April 8th, just before a notable rise in the price of Bitcoin (BTC).

Lookonchain reported that two large Ethereum accumulations were observed, with one potentially linked to Matrixport, the blockchain company founded by former Bitmain boss Jihan Wu. Matrixport, established in 2019 as his second business venture, purportedly moved 22,251 ETH from crypto exchanges recently, valued at approximately $80.06 million.

Additionally, within the last three days, the same wallet withdrew 33,925 ETH, worth $122.06 million at the time of the transactions. Lookonchain also provided the address believed to be associated with Matrixport: 0xacc74cfaa8ad730194c1828cc179c78d5c08200e.

These acquisitions suggest a bullish sentiment from the investor, indicating a strategic positioning to capitalize on potential future price movements. The whale’s actions align with recent reports indicating a rise in Ethereum’s open interest and futures call, hinting at positive momentum for ETH in the near term.

Despite tumbling to $3,400 on April 10th, triggered by red-hot March CPI data from the US, Ethereum has recovered well, surpassing $3,500. The current price recovery is crucial for Ethereum to break past the $3,600 resistance level and resume its rally towards $4,000. Analysts are optimistic about Ethereum’s price recovery, hoping it can sustain further upward momentum.

Ethereum Price Levels to Monitor

ETH/USDT Price Chart: TradingView

Ethereum is currently hovering around the $3,500 mark, closely tracking the 100-hourly Simple Moving Average. Immediate resistance lies near the $3,600 level, followed by significant hurdles at $3,650, $3,725, and $3,780. A breakthrough above $3,800 could pave the way for a bullish trend.

On the downside, failure to surpass the $3,600 resistance may lead to a downturn. Initial support is expected to be near $3,520, with a more substantial support level of around $3,500. Further downward movement could test the $3,400 zone.

At the time of writing, Ethereum’s price is $3,512 per ETH/USD, with a market capitalization of $421.55 billion. The 24-hour trading volume stands at $13.35 billion. Ethereum’s price has increased by 3.18% in the last 24 hours.

The recent price action and whale accumulation indicate a dynamic and potentially profitable period for Ethereum traders and investors. As always, market participants are advised to conduct thorough research and exercise caution when trading cryptocurrencies.

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GBTC Outflows Hit Record-Smashing Low — Is Grayscale Done Selling Bitcoin?

Bitcoin Whales Initiated Bear Move By Dumping Their Coins Onto GBTC Speculators — Peter Schiff

After moving markets with its shuffling of Bitcoin holdings, it appears that the worst may be over for BTC now that Grayscale has dramatically reduced the pace of its sales. Outflows from the Grayscale Bitcoin Trust (GBTC) ETF hit a new record low figure since its conversion from an essentially closed-end fund to a proper spot ETF in January.

Only $17 Million Left Grayscale Trust

Is the end in sight for Grayscale’s nightmare?

The daily net outflow from Grayscale Investments’ spot Bitcoin exchange-traded fund (ETF) hit a new record low of $17.5 million on April 10, according to data provided by SosoValue. This marked a considerable decrease compared to the $154.9 million outflows recorded on April 9. The previous low was on February 26, when GBTC saw $22.4 million outflows.

Since its launch in mid-January, the GBTC ETF has been shedding capital as investors rush for the door so fast that the product has registered the largest outflows of any ETF since March 2009 at around $16 billion as of Wednesday. The bleeding out appeared to subject the price of the world’s largest cryptocurrency to take a beating

The decreased GBTC outflows came a day after Grayscale CEO Michael Sonnenshein said the company’s fund has started to reach an equilibrium with its outflows. Sonnenshein told Reuters that the huge outflows were mostly due to selling activity related to settlements of bankrupt crypto firms like FTX and switch trade strategies utilized by some market participants. 

BlackRock’s ETF Closes In On GBTC

To offset the outflows, Grayscale is readying to offer a “mini” Bitcoin ETF with lower sponsor fees to compete in the market better. But as it awaits regulatory approval, other ETFs — like BlackRock’s largely popular iShares Bitcoin Trust (IBTC) — are recording gargantuan inflows. 

Since going live, the BlackRock fund has attracted over $18 billion in new money, and it appears to be on pace to flip GBTC, which currently holds approximately $23.2 billion.

As Grayscale’s GBTC fund, which charges a higher fee than IBTC, has consistently haemorrhaged BTC, BlackRock has been steadily narrowing the gap in terms of assets under management.

It seems inevitable that IBIT will soon overtake GBTC as the biggest Bitcoin ETF issuer in AUM.

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Paal AI vs. Bitbot Showdown: Who Will Be 2024’s Crypto Gains King?

Paal AI vs. Bitbot Showdown: Who Will Be 2024's Crypto Gains King?

Paal AI steps into the ring against Bitbot, sparking intense debate among crypto enthusiasts on which token will clinch the title of 2024’s crypto gains king.

Amidst this clash of titans, Bitbot has captured the attention of users with its presale dynamism. The presale has amassed $2.1m in only 12 weeks, and each presale stage is vanishing quicker than the last. 

Here’s why savvy adherents are lining up, eager to secure their stake before Bitbot lists on popular exchanges. 

Could Bitbot be the unrivaled champion of 2024’s crypto gains?

In the high-stakes crypto trading arena, where security concerns and the quest for cutting-edge tools dominate, Bitbot is turning heads with its groundbreaking approach.

Enter the world’s first non-custodial Telegram trading bot, a pioneering force designed for traders who refuse to compromise security or functionality. It heralds a new trading era with its integration with self-custodial wallets, ensuring assets remain under user control and, therefore, much more secure than other telegram bots that store user private keys on their servers.

The app’s interface, praised for its mobile-friendliness, addresses a critical need in the crypto space—effortlessly accessing a DEX interface on Telegram. With minimal setup and an onboarding process that’s as straightforward as possible, Bitbot invites traders into the crypto world with open arms.

The interaction with KnightSafe during setup is a game-changer, ensuring that once trades are initiated via Telegram, the execution is as secure as it is efficient. Whether executing simple market orders or managing complex conditions like limit orders, Bitbot’s sophisticated algorithm monitors market events and price movements, ensuring orders are triggered immediately.

The setup of signals within Alpha groups and the ability to automatically snipe mentions ensure that Bitbot users are always in the loop, ready to act on the next big opportunity.

Paal AI: Pioneering the future or walking a tightrope?

Paal AI has carved out a niche, captivating the industry’s attention with innovative AI tools for crypto trading.

This token has soared to become the top Telegram bot token, boasting a market cap exceeding $0.5 million and witnessing a 26% surge in value over the last week alone. It is currently trading at $0.74.

However, PAAL’s journey has had challenges. The token’s trajectory has been tinged with the shadows of market manipulation, particularly evident in the pump-and-dump scheme that marred its reputation towards the end of 2023. This issue isn’t unique to PAAL, as seen with Unibot’s $0.5 million loss to hackers and Banana Gun’s dramatic 99% value drop attributed to technical glitches post-listing.

Because of this, predicting the future price of PAAL may be difficult, but some optimistic voices state that it could still reach $1.89 by the end of 2024, representing a 155% price increase.

Bitbot price prediction: Setting the stage for the upturn

In this era where the specter of hacks and rug pulls looms large over the crypto market, Bitbot stands out as a well-conceived and serious product. With its advanced safety features like non-custodial trading, which puts the power squarely in the hands of users, Bitbot is leading the charge against the vulnerabilities that have plagued its competitors.

The addition of anti-MEV and anti-rug pull mechanisms, coupled with AI-driven insights to sidestep shady presales, demonstrates Bitbot’s commitment to safeguarding assets like never before, as discussed in more detail in this Medium blog

Due to the turbulent waters that have dampened the market, Bibot’s creators’ foresight in targeting a slice of the market share is not just ambitious but grounded in reality. The horizon looks promising, with predictions pointing towards a staggering 10X growth in the short term and whispers of a 100X explosion in the long term.

Such forecasts are not mere fantasy; they draw on tangible precedents like PAAL AI’s projected 155% growth despite its security challenges. Bitbot’s blend of revolutionary features and robust security measures places it leagues ahead, ready to soar.

PAAL AI vs Bitbot showdown: Bitbot seizes the crypto gains’ crown

In the grand showdown between PAAL AI and Bitbot, it’s clear that Bitbot doesn’t just edge out the competition. It rewrites the playbook with its unparalleled safety features, user-centric design, and visionary market approach.

With every presale stage disappearing faster than the last and traders eagerly lining up for a piece of the action, the message is crystal clear: Bitbot is the future of secure and intelligent crypto trading. The astounding potential for a 10X return in the short term and even whispers of a 100X in the extended horizon paint a picture of a future where Bitbot dominates the market.

To learn more and purchase BITBOT tokens, visit the official website.


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 project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.

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Bitget Debuts Pre-market with Merlin Chain (MERL) Token as the First Supported Asset

Bitget Debuts Pre-market with Merlin Chain (MERL) Token as the First Supported Asset

Bitget, a highly renowned cryptocurrency exchange and Web3 platform is thrilled to introduce its newest feature, Pre-market. This new feature is designed to address the need for pre-listing trading of the latest tokens and improve liquidity and trading experience for users. The initial token available on the Pre-market will be Merlin Chain (MERL), with trading starting at 04:00 (UTC) on April 12th.

Pre-market is specifically designed to streamline trading for tokens not officially listed on the spot market of major centralized exchanges such as Bitget. Users can activate community trading interests and attract early adopters. By facilitating pre-listing trading, individuals can have an advantage in determining the asset’s initial price, positioning themselves as the go-to trading market once it is officially listed on different exchanges.

The Pre-market is set to launch with Merlin Chain (MERL) as its inaugural supported project. Merlin Chain is a cutting-edge Bitcoin Layer 2 solution that seamlessly incorporates the ZK-rollup network, decentralized oracles, and on-chain BTC fraud prevention modules. Merlin Chain is compatible with well-known Bitcoin protocols like BRC20, BRC420, Bitmap, Atomicals, Pipe, Stamp, etc. This allows a wider range of users to engage with Bitcoin Layer 2. With its EVM compatibility, this chain provides users with low fees and high scalability. This means that transactions can be processed quickly, improving transaction liquidity.

Bitget’s Pre-market trading provides an OTC market platform for peer-to-peer trading, allowing buyers and sellers to set prices and match trades directly. This guarantees that individuals can secure their preferred prices and liquidity for the supported assets in advance. Users participating in pre-listing trading should ensure they possess enough assets and can fulfil the delivery requirements within the designated timeframe.

Bitget has established itself as a leading crypto spot trading platform, offering over 700 coins and 800 pairs. As a seasoned professional in the field of blockchain, Bitget consistently pushes the boundaries of innovation to cater to the ever-changing demands of cryptocurrency traders.

For additional details on Bitget Pre-market, you can find more information at: https://www.bitget.com/support/articles/12560603808074.

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Metacade Takes Monumental Leap Forward With the Integration of Multi-Chains into its Ecosystem

Metacade Takes Monumental Leap Forward With the Integration of Multi-Chains into its Ecosystem

Metacade, a platform specializing in blockchain gaming, is making significant progress by incorporating multi-chain functionality into its ecosystem.

With extensive knowledge in the field of blockchain, this Omni-layer development offers a solution to the problem of blockchain fragmentation. It enables builders to work seamlessly across different chains, expanding the reach of blockchain applications.

The seamless integration of the Metacade Tournament Platform with the Base Layer 2 Rollup within 12 hours demonstrates Metacade’s technical expertise and dedication to providing top-notch solutions for partners and players.

With a deep understanding of blockchain technology, Metacade is committed to building the most expansive Web3 gaming platform, rooted in the principles of an open market.

“We recognize that speed and low transaction costs are crucial for builders. However, game development hinges on intricate blockchain solutions,” states CEO Russell Bennett. “For Metacade to achieve genuine inclusivity, our success depends on an adaptable infrastructure, regardless of the blockchain utilized.”

With a deep understanding of blockchain technology, the multi-chain approach considers scalability for partner road maps. This approach enables existing projects to stay on their native chain while ensuring platform security through an optimistic-based rollup.

Starting with a vision to connect Web3 game developers with experienced players, a movement has emerged to unite games across different chains and offer seamless liquidity. This movement aims to create more economic opportunities for both builders and players.

Trading assets will be easier, more efficient, and liquidity will be better accessible with a multi-chain architecture. Regardless of the location of their liquidity core, it provides a smooth on-ramp for gaming partners to enable the use of their tokens.

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Why ‘Rich Dad Poor Dad’ Author Supports Cathie Wood’s Ambitious $2.3 Million BTC Price Target

1 BTC to $1 Million: Cathie Wood Doubles Down On Decade-long Bitcoin Price Prediction

Renowned author Robert Kiyosaki, celebrated for his best-selling book “Rich Dad, Poor Dad,” has endorsed Cathie Wood’s audacious Bitcoin price forecast of $2.3 million per coin. Kiyosaki admires Wood’s intellect and unwavering conviction about the future of the largest cryptocurrency.

Kiyosaki Sees Bitcoin Reaching $2.3 Million 

In its February “Big Ideas 2024 report, Cathie Wood’s Ark Invest made an interesting projection for Bitcoin. The firm suggested that the price of Bitcoin could rocket to $2.3 million if 19.4% of global institutional assets — valued at a whopping $250 trillion — moved to BTC. 

At the time, Ark also emphasized that Bitcoin had emerged as an independent asset class worthy of a “strategic allocation in institutional portfolios,” as the maiden cryptocurrency’s price action had not been highly correlated with that of other asset classes.

In a recent post on X, Robert Kiyosaki shared his confidence in the astronomically high $2.3 million BTC price prediction, noting that he trusts Cathie Wood’s judgment because she is very intelligent. 

The Ark Invest CEO recently raised the stakes, forecasting that Bitcoin could hit as high as $3.8 million if institutional investors substitute at least 5% of their portfolios for BTC. Although the famous stock picker is often slammed for her ambitious price targets, Kiyosaki lauded her for having enough courage to make such projections.

Whether or not Wood’s prediction comes true, the finance author claims that those who follow her advice will be better educated on Bitcoin. 

“School is the only place on earth where “smart” people are people who never make mistakes. In the real world, the richest and happiest people are people who make mistakes and learn from them their mistakes.”

Bitcoin Price Outlook

Bitcoin is currently in flux as March all-time highs near $74K refuse to be flipped to support without a fight. According to CoinGecko data, BTC is up 3.5% on the weekly chart and trading for $70,556 at press time.

Cathie Wood’s Ark was one of the asset management firms that won landmark approval from the U.S. Securities and Exchange Commission to list a spot BTC ETF in January.

Following the launch of the investment vehicle, Wood forecasted that Bitcoin would continue stealing gold’s global market since there is now a much easier and safer way for traditional investors to gain exposure to the benchmark cryptocurrency without the hassle of buying and storing it.

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Algotech Presale Outshines Near Protocol Dump as Near Price Retraces

Algotech Presale Outshines Near Protocol Dump as Near Price Retraces

The cryptocurrency markets have been a whirlwind lately, with assets pumping and dumping rapidly amidst volatile price action. One of the unfortunate victims of this turmoil has been Near Protocol (NEAR) – the layer one blockchain designed for community-driven cloud computing. After reaching heights around $8.88 on March 15th, Near Protocol has been on a steep downward trajectory, retracing about 4%, in the last 24 hours.

While Near holders have been helpless as they see their money dwindle, a new crypto project taking the markets by storm seems to be scooping up that selling pressure. Algotech (ALGT) presale has been outperforming massively, raising over $3.5 million as users pile into the cutting-edge algorithmic trading platform.

Algotech Steals the Spotlight With Algorithmic Trading Features

As the name suggests, Algotech (ALGT) introduces sophisticated algorithmic trading capabilities to crypto. By combining machine learning, data analysis, and robust technical infrastructure, the project enables traders to automate their strategies using a powerful suite of algorithms.

In an industry still dominated by speculation and human emotion-driven trading, the emergence of an algorithmic platform like Algotech is shaking things up. Its algorithms are designed to eliminate fear, greed, and subjective biases – replacing them with cold, calculated, data-driven execution.

With the ability to scan millions of data points in real time, pinpoint profitable opportunities with surgical precision, and automate trade entries/exits, Algotech offers a compelling alternative to outmoded manual trading methods. This sophisticated technology could become a key weapon for funds, institutions, and traders looking to scale their operations.

Near Holders Take Profits to Join Algotech

While Algotech represents a fundamentally differentiated value proposition compared to assets like Near Protocol, the capital flows highlight a potential shift in sentiment. As holders have been dumping Near amid the latest downturn, those funds appear to be rotating into Algotech’s promising presale.

Currently, in Stage 3, Algotech’s ALGT token is priced at $0.08, with the next stage seeing a Price increase to $0.10. With over 42.7 million tokens remaining in this stage, holders still have an opportunity to get in before the price pump.

Moreover, the platform offers enticing staking rewards that increase based on total ALGT holdings. The “Megalodon” tier at 10 million ALGT sees holders earn 6% of Algotech’s profits, while the elite “Kraken” level at 12 million ALGT pays out 10% of profits as rewards.  

Moreover, they announced a massive $250,000 giveaway promotion to further drive presale interest. Ten lucky winners will each receive $25,000 worth of ALGT tokens. To be eligible, users must participate in the presale with a minimum $100 contribution.

Learn more:

Visit Algotech Presale

Join The Algotech Community


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 project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.

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Dogecoin’s Future Uncertain as Key Resistance Spurs Speculation Amidst Bullish Signals

Dogecoin Discussion About Potentially Migrating To Proof-of-Stake Heats Up As Lead Dev Shares Interesting Thoughts

Dogecoin (DOGE) enthusiasts and traders are at a crossroads. The popular meme-inspired cryptocurrency exhibits mixed signals, leaving its future uncertain.

After printing a notable bullish candlestick last month, DOGE kicked off April on a subdued note, prompting speculation among investors. In a tweet on Wednesday, renowned crypto analyst “YG Crypto” shared insights with his 25,000 followers, highlighting a potentially bullish pattern emerging after encountering resistance.

The pundit pointed out that while DOGE faced resistance at the channel top and experienced a dip, a small bullish harmonic pattern is known, and a “Gartely” is forming. A short, bullish move is expected to commence around $0.17.

“Price hit resistance at the channel top and corrected. A potential bullish Gartley pattern emerged, hinting at a bounce. Target for the pattern sits around $0.22400 – a potential 12% climb. But hold your horses, moonbois! This is a SMALL pattern, not a guaranteed signal,” he wrote.

According to the pundit’s analysis, if the Gartely pattern fails, price could slide further to the channel’s lower support trendline.

Elsewhere, another analyst, who used the pseudonym “5.0 INVERTED,” expressed strong confidence in DOGE’s upward trajectory. She noted a retest of previous resistance now acting as support at around $0.18, signalling a bullish trend.

“All I see on Doge is a retest of previous resistance now acting as support (bullish). DogeArmy I’ve opened my 4th long today, no weak hand or fearful trader here. Fade Dogecoin as much of you want, it’s going to 32cts and it will bring memecoins up with it.” She asserted, dismissing any fear or hesitation among traders.

That said, despite the conflicting signals, DOGE has demonstrated robust fundamental performance, as highlighted by crypto analyst Ali Martinez. In a recent tweet, Martinez underscored DOGE’s significance in the altcoin sector and compared its technical patterns to those observed between 2018 and 2021, suggesting the possibility of a massive bull run on the horizon.

Notably, last Friday, the pundit also highlighted how large DOGE transactions by whales worth around $280 million had been conducted in the last two weeks of March.

That said, the current subdued price action of DOGE and other cryptocurrencies could be linked to the anticipation surrounding Bitcoin’s halving, which is around 14 days away. In a tweet, analyst Rekt Capital shed light on the event, suggesting that Bitcoin may retrace by approximately 38% from its recent peak of around $73,400, mirroring a move observed in 2016 before the halving event.

The expert, however, emphasized that this retracement serves as “one final bargain-buying opportunity in the Pre-Halving period,” implying that Bitcoin’s price fluctuations could have a ripple effect on DOGE and other alternative coins.

At press time, DOGE exchanged hands at $0.19, reflecting a slight decrease of 2.95% in the past 24 hours. Over the past week, the asset has increased by approximately 9%, positioning it as the top loser among the top ten coins by market capitalization.

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$3 XRP Price Explosion In The Offing As Ripple Moves To Become The New Goliath Of Stablecoins

$3 XRP Price Explosion In The Offing As Ripple Moves To Become The New Goliath Of Stablecoins

Ripple, the company behind XRP, the global transfer token, recently announced its plans to enter the lucrative market of stablecoins or cryptocurrencies backed by fiat assets. The San Francisco-based company plans to launch its stablecoin linked to the US dollar, which will initially be available on the Ethereum and XRP Ledger blockchains.

Unlike other controversial issuances, Ripple’s stablecoin will be fully backed by cash reserves, US Treasury bonds, and other equivalent liquid instruments. Additionally, it will implement rigorous audit mechanisms and regular reporting on its reserves to ensure transparency and user trust.

Ripple’s Bid to Compete with Tether in the Stablecoin Landscape

Executives at Ripple stated in a release that they identified an opportunity in the stablecoin market, which currently exceeds $150 billion in value and is led by Tether and its USDT stablecoin.

Ripple’s Chief Technology Officer, David Schwartz, said the company is ready to compete with dominant stablecoins like Tether and USDT, thanks to its financial strength, regulatory compliance, and licenses backing Ripple.

“We think we’re uniquely positioned to have a competitive entry in that market […] We have our presence both on the institutional side with our payments product, and on the XRP Ledger side, we have some entry into the DeFi section of the space. Those are kind of the two big buckets in which stablecoins are being used today.”

The Ripple executive added that one reason for launching a stablecoin is to provide the XRP Ledger (XRPL), Ripple’s decentralized blockchain, with another prominent asset besides XRP.

Currently, the XRP Ledger features native functions such as a decentralized exchange, issuance of custom tokens and stablecoins, and a consensus network, among other tools. Therefore, the new stablecoin could potentially gain massive adoption in the community and could be the catalyst for propelling XRP to the $3 milestone.

While final details remain undisclosed (including the stablecoin’s name), the launch is scheduled for 2024. For now, the company indicated that it will use this launch period to assess actual demand and define the next blockchains where they will launch their stablecoin in the near future.

At the time of writing, the main competitor, Tether USDT, remains in the top three cryptocurrencies with the highest market capitalization in the crypto market, with a market cap exceeding $107 billion and an immense daily volume of $65.7 billion, according to CoinMarketCap data. Therefore, Ripple will have to compete fiercely to become the new Goliath of stablecoins.

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