Crypto News Flash https://www.crypto-news-flash.com/ Mon, 26 Jun 2023 06:49:51 +0000 en-US hourly 1 https://www.crypto-news-flash.com/wp-content/uploads/2021/04/cropped-favicon_128-32x32.png Crypto News Flash https://www.crypto-news-flash.com/ 32 32 Trillion-Dollar Bank MUFG to Issue Stablecoins on DLT Platform – Is It Based on Stellar or Litecoin for Super Fast Transactions? https://www.crypto-news-flash.com/trillion-dollar-bank-mufg-to-issue-stablecoins-on-dlt-platform-is-it-based-on-stellar-or-litecoin-for-super-fast-transactions/?utm_source=rss&utm_medium=rss&utm_campaign=trillion-dollar-bank-mufg-to-issue-stablecoins-on-dlt-platform-is-it-based-on-stellar-or-litecoin-for-super-fast-transactions Sun, 25 Jun 2023 17:50:29 +0000 https://www.crypto-news-flash.com/?p=326710
  • Japan’s biggest bank announces its intention to issue fiat-backed stablecoin following recent crypto regulations by local authorities. 
    • Japan is seeking to petition the local regulators to soften restrictions on marginal trading. 

    The biggest bank in Japan, MUFG has reportedly commenced negotiations to issue its stablecoin backed by the US Dollar and other global fiat currencies. According to the report, the companies engaged by the banks are minting popular stablecoins around the world. However, the announcement remained silent on the said firms. This news was shared by Wu Blockchain on Twitter:

    Japan’s Biggest Bank MUFG Is in Talks to Issue Global Stablecoins. The nation’s legislation on stablecoins took effect on June 1. MUFG has its Progmat blockchain platform for minting tokens. BBG.

    The Japanese government has opened doors for licensed banks and licensed money transfer companies to issue digital currencies. MUFG’s top executive Tatsuya Saito in a comment explained that the law is meant to protect both the issuer and the user. 

    Stablecoin is an integral part of the crypto ecosystem and is most often backed by fiat currencies, especially USD. Interestingly, there are algorithmic stablecoins too. Concerns surrounding the space rose when the Terra network including its TerraUSD collapsed, sending a majority of the crypto assets plummeting. Since then, most of the assets have been at least 75 percent down from their all-time highs. According to Saito, the bank has no intention to create stablecoin, but to offer emitters of stablecoins the opportunity to act only as third parties. 

    Leverage Trading Regulation Petition Arises Following MUFG Decision

    Recently, it was reported that crypto trading venues in Japan are preparing to submit a request to Financial Services Agency (FSA) to loosen restrictions on marginal and also raise leverage by up to 10x. Leverage trading within the region has a level of exposure of 2x at maximum according to the Japan Virtual & Crypto Assets Exchange Association.

    With the recent decision by crypto-related firms to move out of the US due to regulatory uncertainty, it is believed that Japan could stand a chance of becoming a crypto hub when it changes the rule on leverage trading. This new proposal is expected to be submitted by next month. 

    Following the banking crisis in the US that affected the likes of SVB, USDC depegged temporarily. However, the price volatility of US-based stablecoins is said to remain high compared to money market funds. 

    Valerie Kramer, Chief Digital Officer at NBH Bank, believes that efficiency is the major reason why banks find stablecoins attractive. 

    If you look at what we’re trying to do, giving clients access to payments 24x7x365, this is how you can leverage USDF. Real-time reduces friction. We know there are many options out there, but we want to provide our clients with a safe foundation to do this, with a bank versus a non-bank solution. Using USDF exclusively minted and exchanged by customers and clients of consortium member banks provides a safe alternative to non-bank players who may play in other stablecoins.

    It is expected that the current move by MUFG would be emulated by other banks to accelerate the adoption of the crypto ecosystem. 

     

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    Shiba Inu Token Burn Skyrockets Over 6,000% as SHIB Price Continues Uptrend https://www.crypto-news-flash.com/shiba-inu-token-burn-skyrockets-over-6000-as-shib-price-continues-uptrend/?utm_source=rss&utm_medium=rss&utm_campaign=shiba-inu-token-burn-skyrockets-over-6000-as-shib-price-continues-uptrend Sun, 25 Jun 2023 17:48:03 +0000 https://www.crypto-news-flash.com/?p=326084
    • The Shiba Inu token burn witnesses a 6,936% surge within 24 hours, sparking a significant uptick in SHIB prices.
    • The Shiba Inu community, the SHIB Army, demonstrates the power of collective effort as their continued token-burning activities lead to increased SHIB value.

    A sharp increase in the burn rate of Shiba Inu tokens has given an impetus to SHIB’s market value. Over a 24-hour window, more than 341 million SHIB tokens were annihilated, resulting in a dramatic 6,936% surge in the burn rate. This considerable rise in token burn bolstered the value of this well-known meme cryptocurrency.

    The Shiba Inu community, fondly referred to as the SHIB Army, has been relentlessly undertaking token burn activities. Token burning is a process where tokens are sent to an address from which they cannot be retrieved, effectively eliminating them from circulation, hence increasing their scarcity.

    Address “0xcf6” led the pack among transactions contributing to this burn rate, dispatching nearly 252.8 million SHIB tokens to an irretrievable wallet, as per etherscan.io data. This increase in token burn signifies a combined community effort, which witnessed the destruction of 341 million SHIB tokens in just five transactions in one day.

    The extent of this recent token burn nearly equals the 377 million SHIB tokens obliterated in the previous week. With supply-demand dynamics at play, such a notable decrease in the circulation of SHIB tokens can contribute to a rise in the token’s value over time.

    This was promptly observed in the SHIB price, which saw an increment of 5.6% within 24 hours and approximately 20% over the previous week. This rise in token value, following the burn surge, accentuates the influence of community commitment in the evolution of their chosen cryptocurrency’s value. The SHIB Army’s unwavering dedication, coupled with the inherent market dynamics, appears to push the SHIB value uphill, despite criticisms about meme coins lacking intrinsic value.

    The SHIB token has been on a steady rise in recent days, breaching several resistance levels and trading at $0.00000791, an increase of 19.6% over the past week. With a market capitalization of $4.6 billion, it stands as the 16th largest cryptocurrency.

    Over the past week, SHIB’s daily trading volume has also seen significant shifts, soaring from as low as $98 million to $300 million within the past 24 hours. This uptrend in SHIB’s value is indicative of the overall bullish sentiment in the cryptocurrency market, with other cryptocurrencies, including Bitcoin, positively impacting SHIB prices.

    This latest burn surge underscores the significance of tokenomics, the study of cryptocurrency token-related economic systems. As the number of available SHIB tokens diminishes, their scarcity and potential value increase correspondingly.

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    Finally: True Transparency With Spectra (SPCT) – How It’s Positioned to Rival BNB (BNB) And ApeCoin (APE) https://www.crypto-news-flash.com/finally-true-transparency-with-spectra-spct-how-its-positioned-to-rival-bnb-bnb-and-apecoin-ape/?utm_source=rss&utm_medium=rss&utm_campaign=finally-true-transparency-with-spectra-spct-how-its-positioned-to-rival-bnb-bnb-and-apecoin-ape Sun, 25 Jun 2023 17:47:31 +0000 https://www.crypto-news-flash.com/?p=326909 BNB (BNB) is still going strong on its bearish trend as the SEC lawsuits loom over it. ApeCoin (APE) is battling with potential investors looking everywhere but ApeCoin (APE). On the other hand, Spectra (SPCT) is stealing the show with its transparent decentralized investment opportunities.

    Crypto Whales Hit BNB (BNB) Before SEC Decision

    BNB (BNB) is the native token of the Binance smart chain. When BNB (BNB) was created, it was a utility token for discount trading fees, but things have changed as its usage has expanded. Now BNB (BNB) can also be used for travel bookings, online purchases, and other services.

    Unfortunately, the Securities and Exchange Commission’s vendetta against Binance has stifled the growth of BNB (BNB). On June 6, 2023, the SEC requested that the US District Court freeze all Binance US assets worldwide.

    Before this, however, the BNB (BNB) community had been following this legal battle. So, on June 5, 2023, multiple sell orders worth $37 million were recorded on the BNB (BNB) blockchain. This caused the value of BNB (BNB) to drop below $303.1429, and BNB (BNB) hasn’t recovered since.

    For now, the BNB (BNB) community is still hoping things will turn around for BNB’s (BNB) bearish trend.

    >>BUY SPECTRA TOKENS NOW<<

    ApeCoin (APE) Gradually Losing Its Hype Among Potential Investors

    The Bored Ape Yacht Club (BAYC) reigned at the top of the NFT trend, and ApeCoin (APE) is its brainchild. ApeCoin (APE) is the native coin of the Ape ecosystem, another major project from Yuga Labs. Yuga Labs created ApeCoin (APE) to allow its users easy access to merch, games, and exclusive events in the Ape ecosystem.

    ApeCoin (APE) enjoyed immense popularity for a while before things took a downturn. Whether or not the SEC battle affected ApeCoin (APE) is unknown, but ApeCoin (APE) suffered diminishing interest from new investors. Fewer addresses were created on the ApeCoin (APE) platform, leading to a general bearish trend in which its value dropped.

    Although ApeCoin (APE) is now trading for $2.3596 as of June 11, 2023, the ApeCoin (APE) community still seems hopeful. This can be discerned from the general lack of interest in selling ApeCoin (APE) tokens, as many coin holders are still holding on. Contrastingly, investor interest in the Spectra (SPCT) presale is only increasing.

    >>BUY SPECTRA TOKENS NOW<<

    Spectra (SPCT) Offers Transparent High-Stakes Investments

    Spectra (SPCT) is creating a buzz with its highly successful ongoing presale, marking a promising start for this groundbreaking project. Spectra’s (SPCT) aim is to bring high-profit blockchain investments to the average investor. 

    It provides a transparent platform where investments can be managed and withdrawn at will. Holders of SPCT, Spectra’s (SPCT) native token, are granted governance rights and stand to receive quarterly dividends.

    Currently, Spectra (SPCT) is available at a presale price of $0.2. With strong investor interest and unique platform offerings, Spectra (SPCT) is predicted to rise significantly, potentially reaching $2 by Q2 of 2024.

    Interested parties are encouraged to explore the Spectra (SPCT) community for deeper insights into the platform’s mission and strategy, as well as potential benefits for SPCT holders. With the presale underway, now could be an optimal time to participate in this innovative venture before the predicted price surge.

    Conclusion

    Spectra (SPCT) offers a transparent platform to invest in high-stake crypto projects and complete control over these investments. Access to all these benefits starts with purchasing the Spectra (SPCT) token, which is currently going for $0.2. It’s no wonder why many insightful investors are bullish over Spectra (SPCT), ignoring ApeCoin (APE) and BNB (BNB).

    Join the Spectra Community here

    Buy Presale: https://invest.vcspectra.io/login 

    Website: https://vcspectra.io  

    Telegram: https://t.me/VCSpectra 

    Twitter: https://twitter.com/spectravcfund 

     

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    Cardano Surges in Thriving Bull Run, But How Long Will the Momentum Last? https://www.crypto-news-flash.com/cardano-surges-in-thriving-bull-run-but-how-long-will-the-momentum-last/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-surges-in-thriving-bull-run-but-how-long-will-the-momentum-last Sun, 25 Jun 2023 17:41:16 +0000 https://www.crypto-news-flash.com/?p=326031
    • Cardano’s value has risen by over 20% since the start of this week, signaling a positive shift in market sentiment.
    • The surge in Cardano’s price may be more attributed to broader market trends driven by growing institutional interest in Bitcoin rather than token-specific developments.

    In the midst of a resurgent cryptocurrency market this week, numerous digital assets have witnessed unexpected price hikes. Among them, Cardano (ADA) stands out, having recorded a substantial price augmentation over the past three days.

    ADA’s rise embodies the sentiment shift observed in the cryptocurrency market, sparking an optimism that harks back to the elevated levels seen in March 2023. With a surge of over 20% since its Monday trough, ADA’s trading price has been boosted just over $0.30.

    Notably, Cardano has surpassed a critical metric – the 20-day exponential moving average (EMA), an indicator commonly used to evaluate a token’s short-term trend. This accomplishment marks a significant milestone for Cardano, suggestive of a possible profound change in investor sentiment and setting the stage for potential robust upward momentum.

    The recent ADA price ascendancy appears more related to external factors than any token-specific developments or fundamentals. For instance, despite a growing number of ADA wallets since late May, as shown by Cardano Blockchain Insights data, this trend hasn’t had an immediate effect on the token’s price.

    Interestingly, the current market dynamics coincide with a significant increase in institutional interest in Bitcoin (BTC). This elevated interest was exemplified last week by BlackRock’s application to launch the first US spot BTC exchange-traded fund (ETF). Hence, Cardano’s recent surge can be perceived as part of a broader market tendency fueled by institutional focus on Bitcoin.

    Keeping an eye on how these external market events influence Cardano’s price, as well as how further evolutions within the crypto sphere will impact its future growth and performance, is essential.

    As of 5:03 p.m., Cardano (ADA) is trading at $0.29, denoting a 2.67% price change in the last 24 hours. This recent movement has escalated Cardano’s market capitalization to approximately $10 billion. Remarkably, Cardano has seen a profit of 18.19% since the beginning of the year.

    Understanding Cardano’s potential long-term price dynamics might be better achieved by comparing its trajectory with other technology developments and trends.

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    StableXSwap (STAX) and Uwerx (WERX) Expected to Live Up to Billing https://www.crypto-news-flash.com/stablexswap-stax-and-uwerx-werx-expected-to-live-up-to-billing/?utm_source=rss&utm_medium=rss&utm_campaign=stablexswap-stax-and-uwerx-werx-expected-to-live-up-to-billing Sun, 25 Jun 2023 17:26:40 +0000 https://www.crypto-news-flash.com/?p=326899 Uwerx has been tremendous on presale, attracting many crypto investors to the project. The new cryptocurrency has scaled through four (4) presale stages impressively and could reach its sixth presale phase soon. This is an indication of Uwerx’s rapid adoption.

    >> BUY WERX TOKENS NOW<<

    The belief in the token’s success is high, and proactive investors are getting in as early as possible. The altcoin is expected to live up to the billing, and you benefit much from committing to it. StableXSwap (STAX) is another altcoin that may come good. We discuss these cryptocurrencies below.

    StableXSwap (STAX) Makes Stablecoin Trading Easier

    StableXSwap (STAX) is Binance Smart Chain-based project serving as a decentralized exchange (DEX) for stablecoins. The crypto project aims to promote the availability and seamless trading of stablecoin, hoping the high daily use of stablecoins will drive adoption and increase prominence.

    StableXSwap (STAX) showed signs of being a good project some months ago but has suffered much decline since then. However, analysts believe the altcoin could surprise investors as it hopes to move from its $0.14 current price to almost $0.50 market price soon.

    >> BUY WERX TOKENS NOW<<

    Uwerx’s (WERX) Early Presale Progress A Sign Of What to Come

    Market analysts believe the increasing prominence and buzz surrounding Uwerx is an indication of better days for the new cryptocurrency. Uwerx is billed to be among the best-performing crypto assets a few months from now, and the ERC-20 token has shown a glimpse of what to expect on presale.

    Numerous factors will contribute to the Uwerx token’s potential market success, the main one being the Uwerx project utility in the thriving freelancing niche. Prominent market players expect the crypto project’s potential success to affect the Uwerx token, WERX, positively. As the project gains massive adoption and global prominence, the utility token, WERX, is expected to also increase in value and market popularity.

    Uwerx’s global acceptance looks highly likely due to its features and unique perks. The Ethereum blockchain-based project will make freelancing a more profitable endeavor for freelancers as they get to keep most of their earnings due to Uwerx’s low transaction fee.  The platform also boasts a better security architecture. It has gone through thorough security auditing by leading smart contract and blockchain security experts, and it is declared free of loopholes or any potential security threat.

    Uwerx is set to have numerous features that will provide utilities missing in traditional platforms, making it more productive, lucrative, and attractive. All these will contribute to Uwerx’s success potential and, simultaneously, its token’s potential value Increase. This implies that the best is yet to come for WERX, and major market players expect a more impressive run when the Uwerx project goes public.

    WERX is already listed on CoinSniper, and numerous major centralized exchanges are expected to follow after the token’s presale. The projection is for WERX to reach a price point between $0.80 – $1.20 by Q1 2024, and market price analysts are not betting against the possibility. WERX is currently valued at $0.041 on presale, and joining now leaves you poised for a massive gain. You should join the presale.

     

    Enter the WERX presale:

    Presale: invest.uwerx.network

    Telegram: https://t.me/uwerx_network

    Twitter: https://twitter.com/uwerx_network

    Website: https://www.uwerx.network

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    Crypto Power Trio: Ripple’s XRP, Stellar’s XLM, and Forge Alliance’s IOTA, Ready to Disrupt Billion Dollar Crypto Market with Potential SWIFT Integration https://www.crypto-news-flash.com/the-crypto-power-trio-ripples-xrp-stellars-xlm-and-iota-forge-alliance-poised-to-disrupt-the-billion-dollar-crypto-market-with-potential-swift-integration/?utm_source=rss&utm_medium=rss&utm_campaign=the-crypto-power-trio-ripples-xrp-stellars-xlm-and-iota-forge-alliance-poised-to-disrupt-the-billion-dollar-crypto-market-with-potential-swift-integration Sun, 25 Jun 2023 16:54:08 +0000 https://www.crypto-news-flash.com/?p=326681
  • The top three crypto payment-oriented protocols, Ripple, Stellar, and IOTA, have formed an alliance.
  • With the partnership and potential SWIFT integration, brighter days lie ahead for payments via blockchain.

  • The crypto sector has seen tremendous growth in recent years, with various digital currencies vying for dominance. Ripple XRP, Stellar XLM and IOTA have emerged as key players, each with a unique value proposition.

    These three blockchain projects have joined forces to form an alliance that has the potential to revolutionize the multi-billion dollar crypto market. With possible integration with SWIFT, a global financial messaging network, this alliance could pave the way for widespread adoption and drive significant disruption.

    Their involvement in ISO 20022, an internationally recognized standard for electronic data exchange between financial institutions, further strengthens their appeal. ISO 20022 compliance is highly valued in the financial industry as it provides smooth and consistent communication across various financial systems.

    While Stellar and IOTA fought for ISO 20022, Ripple has been a member of the organization since 2020. As previously previously reported ripple, Stellar, and IOTA’s participation in ISO 20022 opens the door for integration with SWIFT, the world’s most commonly used global financial messaging network.

    SWIFT facilitates secure communication and settlement of transactions between thousands of banks around the world. Integration with SWIFT will allow these blockchain initiatives to benefit from the network’s extensive reach and infrastructure, enabling frictionless cross-border transactions and increasing their user base.

    The Power of the Power Trio: Ripple, Stellar and IOTA

    Ripple has established itself as a leading provider of blockchain solutions to financial institutions around the world. XRP, its native cryptocurrency, aims to simplify cross-border payments, enabling fast and cheap transactions. Ripple’s collaboration with major banks and financial institutions has given it legitimacy and confidence within the traditional financial sector.

    Similarly, Stellar, an open-source platform, aims to promote fast cross-border transactions and bridge the gap between existing financial systems and blockchain technology. Stellar’s native currency, XLM, is crucial in supporting cheap and fast transactions, making it an attractive option for consumers and institutions seeking seamless cross-border transfers.

    On the other hand, IOTA deviates from the typical blockchain architecture by adopting a proprietary technology known as Tangle. IOTA, which was created specifically for the Internet of Things (IoT), enables secure and convenient microtransactions between computers and devices. This makes IOTA a promising solution for enabling a machine-to-machine economy, where devices can transact and share data autonomously.

    Overall, the integration of the power trio with SWIFT can significantly reduce transaction costs associated with international payments. The elimination of middlemen and the use of digital currencies will result in lower fees, benefiting individuals sending remittances and businesses conducting cross-border transactions.

    SWIFT integration could enable near-instantaneous cross-border transactions, eliminating the current delays caused by intermediaries and complicated settlement processes. This will greatly benefit individuals, businesses and financial institutions, reducing costs and improving operational efficiency.

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    SUI Shines Bright: GREE Partners with Mysten Labs to Revolutionize Validator Network and Web3 Game Development https://www.crypto-news-flash.com/sui-shines-bright-gree-partners-with-mysten-labs-to-revolutionize-validator-network-and-web3-game-development/?utm_source=rss&utm_medium=rss&utm_campaign=sui-shines-bright-gree-partners-with-mysten-labs-to-revolutionize-validator-network-and-web3-game-development Sun, 25 Jun 2023 16:21:46 +0000 https://www.crypto-news-flash.com/?p=326282
  • Sui Blockchain and Japan’s media giant GREE have inked a partnership.
  • Through its subsidiary BLRD PTE LTD, GREE is now a Sui validator.

  • Japanese media giant GREE has inked a strategic partnership deal with Mysten Labs, the developer of the Sui blockchain network. Both entities signed a Memorandum of Understanding (MoU) on Thursday, June 22nd, giving BLRD PTE LTD, a Singapore-based subsidiary of GREE the approval to commence validation of  Sui. 

    Concerning the development of Web 3.0 games using intellectual property (IP) in Japan, GREE plans to accelerate its effort with the Sui blockchain.

    Markedly, Sui was developed by Mysten Labs as a blockchain that is based on the Proof-of-Stake (PoS) consensus mechanism. It possesses a horizontal scalable structure which facilitates high transaction processing capacity at very low fees. The Sui blockchain also provides an outstanding user-friendly environment for developers and creators by defining assets with diverse characteristics on-chain. 

    GREE has been in operation since 2004 with the mission of making the world a better place through the Internet. According to the gaming giant, it has tried to keep pace with the latest technology to deliver its offerings. Last year September, GREE announced its development of blockchain games. That marked its entry into Web 3.0 ecosystem via its wholly-owned Tokyo subsidiary REALITY. Another blockchain-based partnership was the token investment with Oasys, a project dedicated to games with the theme of “Blockchain for Games”.

    Again, GREE collaborated with Ava Labs to launch a Web3.0 game development support program dubbed Avalanche Arcad3 earlier this month.

    So far, the company has recorded success through several strategic collaborations with other firms and has delivered the best entertainment package to its clients GREE is excited about this partnership with Mysten Labs as it believes that it is instrumental to its move to the next stage of technological advancement. 

    GREE Moves to New Level of Technological Advancement 

    Mr. Eiji Araki, senior executive officer of GREE and president of BLRD said “By combining Mysten Labs’ overwhelming knowledge of the three Web domains with our experience in the entertainment domain, we aim to deliver unprecedented entertainment to the world.”

    “We are really looking forward to bringing great new content to “Sui” in the future with this strategic partnership,” he added.

    At the same time, Evan Cheng, Co-founder and Chief Executive Officer (CEO) of Mysten Labs believe that Sui is the best partner for GREE. Cheng attested to the fact that GREE has a track record of delivering excellent entertainment content which cuts across games, anime, and the Metaverse. Furthermore, it has created a large number of content using well-known IPs. 

    Similarly, KOSDAQ-listed tech company focused on GameFi services FLASK partnered with Polygon to bring its participation-driven GameFi platform NAODA to a larger Web3 audience. The integration will be done with the Polyon PoS algorithm to improve gaming experience. 

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    Will Tezos (XTZ) Hit $2 This Year? Experts recommend A Better Alternative For 50x profit. https://www.crypto-news-flash.com/will-tezos-xtz-hit-2-this-year-experts-recommend-a-better-alternative-for-50x-profit/?utm_source=rss&utm_medium=rss&utm_campaign=will-tezos-xtz-hit-2-this-year-experts-recommend-a-better-alternative-for-50x-profit Sun, 25 Jun 2023 16:20:21 +0000 https://www.crypto-news-flash.com/?p=326862 It’s no secret that the crypto industry is rife with speculation and predictions. As a matter of fact, the price movements of certain coins are driven by this. This is why many crypto enthusiasts and investors pay close attention to expert analysis and predictions.

    Speaking of speculations, analysts and crypto experts have been following Tezos for a while, and there’s wide speculation about whether the highly coveted crypto will hit the $2 milestone before the end of the year.

    While this may be a long shot for the popular coin, experts are recommending a more viable alternative that will give investors princely returns on their investment. This new hybrid GameFi token is poised to rake in as much as 50x for investors in 2023.

    In this article, we will delve into the future price prediction for Tezos. We’ll discuss everything you need to know about this new hybrid token and why investors think it has the potential to gross 50x for investors in its 2023 bull run.

    Tezos Price Prediction For 2023

    Tezos has dropped over 91% from its all-time high price of $9.1. Similarly, the Tezos token has gained a small 1.8% in the last 7 days and dropped more than 14% in the last 30 days. This continuous drop in price confirms that Tezos is in a strong downtrend.

    Tezos is presently at an all-time low price of $0.76 and has caused many investors to lose hope in the project, thereby exiting in mass. Experts believe Tezos has the potential to reach $2 before the end of the year, but this will require a strong catalyst like a big partnership announcement or the launch of a new product that can attract an influx of investors to jumpstart the price of the token.

    The majority of Tezos investors have become impatient and are quitting the project for Pikamoon, which analysts believe will do as much as 50x before the end of 2023.

    What is Pikamoon?

    Pikamoon is the leading P2E in the crypto gaming niche by a wide margin. A large portion of its success can be attributed to its multi-blockchain network feature. The Pikamoon game is built on two of the leading blockchain networks in the industry: MultiversX and the Ethereum blockchain. 

    What makes the Pikamoon ecosystem unique is that it adopts only the best features from both blockchain networks, making it unlike any other crypto game in the industry. There’s more. The Pikamoon games become an absolute delight when you find out you can stream all day without experiencing any form of glitch. Awesome right? 

    This mind-blowing feature can largely be attributed to the Ethereum layer-2 scaling solution that makes streaming and transaction processing in the Pikamoon game as easy and fast as they can be. Pikamoon’s massive growth project by experts isn’t hype in any form, as it is strongly backed by actionable plans.

    The Pikamoon team is forward-thinking and is more concerned about growth and longevity than anything else. This is why the team has put a unique tokenomics model in place to ensure the consistent growth and innovation of the platform. 32% of the total PIKA tokens will be diverted for the continued innovation of the Pikaverse over the next 10 years. If this isn’t the height of strategic planning and forward-thinking, I don’t know what is. It is evident that the core team at Pikamoon is passionate and wholly committed to the success of the project. That’s not all.

    This means gamers will continue to enjoy world-beating gameplay over the next 10 years, not to mention investors, who will see an exponential increase in their portfolio as the Pikamoon continues to increase in value.

    Pikamoon Presale: The Easiest Way To Make 50x Gains In 2023

    If there’s anywhere to be in the crypto industry right now, it’s at the third round of the Pikamoon presale. Smart investors looking to make 50x before the end of the year are already getting busy buying up as many $PIKA tokens as they can in preparation for the big boom.

    Pikamoon is in the third and last round of its presale, and tokens are selling for as little as $0.0006. Investors who know the true value of Pikamoon are putting up more shows than they did in the first and second rounds of the presale.

    Don’t miss this once-in-a lifetime opportunity. Get on the Pikamoon presale now!

    Find out more about Pikamoon (PIKA):

    Buy Now: https://pikamoon.io/buy

    Website: https://pikamoon.io

    Twitter: https://twitter.com/Pikamooncoin

    Telegram: https://t.me/pikamoonofficial

     

     

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    German Intelligence Agency’s Dogs of BND NFT Collection Sells Out in Recruitment Drive for Crypto Experts https://www.crypto-news-flash.com/german-intelligence-agencys-dogs-of-bnd-nft-collection-sells-out-in-recruitment-drive-for-crypto-experts/?utm_source=rss&utm_medium=rss&utm_campaign=german-intelligence-agencys-dogs-of-bnd-nft-collection-sells-out-in-recruitment-drive-for-crypto-experts Sun, 25 Jun 2023 16:11:34 +0000 https://www.crypto-news-flash.com/?p=326055
    • The German Federal Intelligence Service (BND) successfully leverages NFTs in its latest recruitment drive, specifically targeting crypto and Web3 experts.
    • Their “Dogs of BND” campaign, featuring German Shepherd-themed NFT profile pictures, mints out within weeks of its launch.

    The German Federal Intelligence Service, known as Bundesnachrichtendienst (BND), has witnessed a significant success with its recent non-fungible token (NFT) collection, the “Dogs of BND.” The collection, minted as part of a strategy to draw in crypto and Web3 experts, sold out within weeks of its launch.

    The campaign, launched on June 5, found new owners for all 987 available NFTs by June 21, as per Isabelle Kalbitzer, BND’s media relations manager. The BND’s unique “blockchain challenge,” which was initiated on their career-focused Instagram profile, engaged users by presenting a string of characters linked to the Ethereum blockchain. Those who could successfully decode this string had the chance to acquire one of the 999 exclusive, German Shepherd-themed NFT profile pictures.

    The choice of this specific dog breed was influenced by its popularity on the BND’s Instagram page.

    Despite the seeming complexity of the challenge, participants didn’t appear taxed, with one user commenting it took a mere “2 minutes” to complete. The more swift users managed to secure pictures with particularly rare traits, as highlighted by Kalbitzer.

    The objective of this innovative campaign, according to Kalbitzer, was to showcase the BND as a dynamic employer, active within the realms of blockchain and NFTs. The remaining 12 NFTs from the collection will serve as tools for future challenges, potentially including a smart contract hacking task.

    Utilizing unconventional methods for recruitment is not new to intelligence agencies. For instance, British Intelligence observed a crossword competition in 1942, reasoning that the skills for solving crosswords mirrored those required for decoding intelligence. Some successful participants were subsequently approached for code-breaking roles at the famous Bletchley Park.

    In a similar vein, the UK’s intelligence agency, GCHQ, targeted gamers with digital posters in 2009, and in 2017, launched the CyberFirst Girls competition to counter the gender imbalance in the cybersecurity workforce. The competition encouraged girls from UK schools to participate in challenges that tested their investigative, observational, and mathematical skills.

    ]]>
    Former Bartender whose Early Dogecoin Investment Made Him a Millionaire is Going ALL IN on a New Memecoin. He Swore it is the Best Move https://www.crypto-news-flash.com/former-bartender-whose-early-dogecoin-investment-made-him-a-millionaire-is-going-all-in-on-a-new-memecoin-he-swore-it-is-the-best-move/?utm_source=rss&utm_medium=rss&utm_campaign=former-bartender-whose-early-dogecoin-investment-made-him-a-millionaire-is-going-all-in-on-a-new-memecoin-he-swore-it-is-the-best-move Sun, 25 Jun 2023 16:07:54 +0000 https://www.crypto-news-flash.com/?p=326851 Dogecoin has been the sauce of meme coins since its launch in 2013, when its developers decided to throw some humour into an already tense crypto market. The memecoin has gone on to prove its place as one of the big dogs (pun intended) among meme coins.

    Dogecoin has enjoyed the meme spotlight for over a decade, and during this time, there have been occasional success stories from its investors. Take Barry, for instance, who became an overnight millionaire from early investments in DOGE. There are many other stories like that, and it’s no wonder DOGE has gathered a massive following.

    Fast forward to now, and our millionaire former bartender is back in the news again. This time he’s going all in on a new meme coin, the Anarchy Project ($ANA), and he’s feeling very confident about his move.

    Here’s all you need to know about the new project and, more importantly, why Barry the millionaire bartender swears it’s his best move in crypto investments.

    Does Dogecoin have a new rival in the dog park? Let’s find out.

    >>> BUY $ANA NOW <<<

    Dogecoin and its big pull

    As we stated, Dogecoin has been a constant presence at the top of the crypto hierarchy, with a whopping eight-billion-dollar market capitalization. For a token with humble beginnings and simple objectives, Dogecoin has certainly come a long way from being just a good laugh.

    We can thank Elon Musk’s tweets on Dogecoin back in 2021 for the meme coin’s global popularity. The token started gaining momentum because of those tweets. Many millionaires were born, including Barry, the bartender who went in early on DOGE.

    However, a year later, it’s been quiet on the DOGE homefront. But things are starting to move elsewhere, and our millionaire bartender is right on the case.

    Enter $ANA. 

    The Anarchy project is here to give a new meaning to meme coins, and you can tell people are buying into that meaning with its large community. True, the meme industry has been stirring the crypto market since April, but no one is ever ready for anarchy!

    Anarchy: Disruptor Special!

    Meme coins have been in the game for the humour and lighthearted feelings they bring to the crypto space. ANA thrives on that and more.

    It’s a community-driven meme coin that uses that core meme culture of jokes and humour to call out the bad people in government. Anarchy’s creatives create funny satirical jokes that criticise institutions and federal agencies, and they have a good time while doing it!

    It’s a community that intends to have as much fun and entertainment for its users as possible while fighting for a cause. This alone gives room for more investment, especially as the token launches on the Ethereum blockchain.

    Anarchy is a meme coin with amazing potential to stay relevant for more than just a few years. In fact, our millionaire bartender is putting all his eggs into $ANA for much better returns than the top dog, Dogecoin.

    Anarchy as a Coin: What to Expect

    Anarchy is more than just laughter, my friend; it has a business side to it. The Anarchy Project is built on the Ethereum blockchain and structured in the form of a democratic model, where you and other members have a say in whatever decisions are made in the community. Yes, everybody has a voice here.

    You can also rest assured against losses because ANA uses the Gnosis Safe protocol to secure the Treasury. The treasury contains taxes and donations, which will go to charities and whatever community projects members decide on.

    Earlier, we mentioned how ANA would stay relevant for years to come. That wasn’t just talk. The Anarchy Project preserves its value by burning 0.5% of the transaction fee while reducing the number of tokens in circulation. This makes ANA tokens scarce, which in turn gives them more value.

    >>> BUY $ANA NOW <<<

    Anarchy Presale News

    The Anarchy platform will never be lacking in fun and entertainment, that’s for sure. However, here’s something to make all that fun and entertainment worth it: you can make so much out of it before the main event even starts!

    The presale price will start at $0.00021 and run through eight stages, eventually launching at $0.00045. Like Barry, you can easily double your income before Anarchy begins, and with a single investment at that.

    Get your $ANA coins now and get 200% returns by launch time!

    Anarchy Website

    Anarchy Twitter

    Anarchy Telegram

    ]]>
    FTX Takes Legal Action: Cryptocurrency Exchange Files $700 Million Lawsuit Against Former Clinton Aide’s Investment Firm https://www.crypto-news-flash.com/ftx-takes-legal-action-cryptocurrency-exchange-files-700-million-lawsuit-against-former-clinton-aides-investment-firm/?utm_source=rss&utm_medium=rss&utm_campaign=ftx-takes-legal-action-cryptocurrency-exchange-files-700-million-lawsuit-against-former-clinton-aides-investment-firm Sun, 25 Jun 2023 15:34:07 +0000 https://www.crypto-news-flash.com/?p=326019
    • FTX, the now-closed cryptocurrency exchange, files a lawsuit against K5 Global, seeking to reclaim $700 million over allegations of misuse and personal enrichment.
    • The lawsuit highlights several questionable investments, including a $214 million investment in Kendall Jenner’s 818 Tequila brand.

    FTX, a defunct cryptocurrency exchange, has filed a lawsuit worth $700 million against K5 Global, an investment firm helmed by former Clinton aide, Michael Kives. According to recent reports, FTX is alleging that its funds were improperly invested, primarily serving personal interests rather than those of the company.

    Documents filed in a Wilmington, Delaware court, reveal that FTX accuses its founder, Sam Bankman-Fried, of approving the transfer of $700 million to entities connected with K5 Global. The exchange asserts that Bankman-Fried sanctioned these transactions as part of a ploy to manipulate company resources for individual enrichment.

    Insights from the lawsuit disclose that Bankman-Fried depicted Kives as a person with broad political and celebrity links, labeling him as

    “the most connected person I’ve ever met.”

    It’s inferred from the lawsuit that Bankman-Fried used K5 Global’s connections to boost his own political and societal influence.

    Despite red flags raised by FTX employees about K5 Global’s intentions, Bankman-Fried allegedly persisted in financing K5’s endeavors. This conduct, according to the lawsuit, ultimately served to benefit Kives and his co-founder, Bryan Baum, at the expense of FTX and its customers.

    The court filing spotlights a controversial investment involving a shell company controlled by Bankman-Fried. It used $214 million of FTX’s funds to acquire a minority stake in Kendall Jenner’s 818 Tequila brand.

    In response to the allegations, K5 Global fervently denies any wrongdoing. They assert that their dealings with Bankman-Fried and FTX were believed to be part of a mutually beneficial business partnership. A spokesperson for K5 Global underscored their commitment to a fair and long-lasting partnership.

    Bankman-Fried, currently pleading not guilty to separate charges of defrauding FTX customers, faces a slew of legal battles. FTX’s new CEO, John Ray III, has hinted at the launch of a second version of the exchange. The decision to seek legal redress against K5 Global may further entangle the legal circumstances surrounding the prospective exchange.

    ]]>
    Shiba Inu Developer’s Electric Collaboration with Rock’n Vodka Fuels Anticipation – Is SHIB Ready to Slash Another Zero https://www.crypto-news-flash.com/shiba-inu-developers-electric-collaboration-with-rockn-vodka-fuels-anticipation-is-shib-ready-to-slash-another-zero/?utm_source=rss&utm_medium=rss&utm_campaign=shiba-inu-developers-electric-collaboration-with-rockn-vodka-fuels-anticipation-is-shib-ready-to-slash-another-zero Sun, 25 Jun 2023 14:51:54 +0000 https://www.crypto-news-flash.com/?p=326661
  • Shiba Inu lead developer has hinted a probable partnership with beverage giant Rock’n Vodka.
  • The sentiment is fueling price growth which may likely push SHIB to lose another 0.

  • Shytoshi Kusama, the chief developer behind the Shiba Inu (SHIB) project, recently shocked the protocol’s community on Twitter with a cryptic response to a post. Shytoshi speculated on a possible collaboration between Shiba Inu and a well-known beverage company, Rock’n Vodka.

    Through a series of hashtags, Kusama expressed agreement and excitement in response to a tweet by Lucie, Shiba Inu’s marketing specialist, posing a question about a potential collaboration between Rock’n Vodka and Shiba Inu.

    Accompanied by an image featuring the Shiba Inu logo alongside Rock’n Vodka, the tweet raised curiosity and excitement among community members. As the community eagerly awaits further updates and official announcements regarding the partnership between Rock’n Vodka and the SHIB ecosystem, the excitement and anticipation continue to build. 

    As with any significant announcement or proposal, different community members have expressed a range of opinions and perspectives regarding the potential partnership. Some members of the community have shown great enthusiasm and support for the idea. 

    They see the collaboration as an opportunity for increased visibility, broader adoption, and potential growth for the Shiba Inu project. These individuals believe that joining forces with a well-known beverage brand like Rock’n Vodka could attract new users, enhance brand recognition, and create exciting marketing initiatives.

    On the other hand, there are community members who have voiced reservations and concerns. They emphasize the need to carefully evaluate the potential impact on the project’s reputation and integrity. Some worry that partnering with an alcoholic brand may dilute the core values and identity of Shiba Inu, which is primarily focused on being a crypto project. 

    Additionally, several community members have stated that they would like greater information and openness regarding the proposed collaboration.

    Is SHIB Ready to Slash Another Zero?

    According to current crypto market data, SHIB is trading at $0.000007961 with a market capitalization of $5 billion and a substantial trading volume of $156 million in the past 24 hours.

    However, the recent buzz of a possible partnership between Shiba Inu and Rock’n Vodka has raised expectations in the community. As anticipation grows, many wonders if this alliance will cause Shiba Inu to lose another 0 digit from its price.

    It is worth noting that Kusama, has played a crucial role in creating excitement and anticipation through his hints about upcoming projects and developments.

    Similar to Dogecoin (DOGE), Shiba Inu’s price experienced a substantial rally during the crypto bull market of 2021. Speculation and investor enthusiasm surrounding SHIB resulted in an impressive price increase of over 1000 times its initial value. 

    This exponential growth was largely driven by the market sentiment and speculation surrounding memecoins, capturing the interest of traders and investors seeking high-risk, high-reward opportunities. Drawing from the above reference, the anticipation of a collaboration with Rock’n Vodka, as well as the impending Shibarium network, may have a profound impact on the price of SHIB.

    ]]>
    SEC Puts Investors First: Waives $30M BlockFi Penalty to Expedite Repayment https://www.crypto-news-flash.com/sec-puts-investors-first-waives-30m-blockfi-penalty-to-expedite-repayment/?utm_source=rss&utm_medium=rss&utm_campaign=sec-puts-investors-first-waives-30m-blockfi-penalty-to-expedite-repayment Sun, 25 Jun 2023 14:41:40 +0000 https://www.crypto-news-flash.com/?p=326029
    • The SEC has agreed to delay the collection of a $30 million fine from BlockFi to hasten and maximize repayments to the company’s investors.
    • Despite the company filing for bankruptcy, a New Jersey court has stated that $300 million held in custodial wallets can be used to repay BlockFi customers.

    The U.S. Securities and Exchange Commission (SEC) has opted to hold off on the collection of a $30 million fine from BlockFi, the now insolvent crypto lending platform, until investors have been recompensed, according to a court document filed on Thursday.

    The remaining $30 million stems from a $50 million penalty that BlockFi agreed to pay the SEC in February 2022. The settlement was a result of charges brought against BlockFi for neglecting to register its crypto lending product offering with the regulator. However, the company filed for bankruptcy in November following the dissolution of crypto exchange FTX.

    In the ongoing Chapter 11 bankruptcy proceedings, the SEC positioned its claims to be considered as part of “general unsecured claims”. Yet, in an effort to amplify the available funds for investors and avoid any potential delay in disbursements, the regulator decided to postpone the collection of its payment, as per the agreement reached on June 22.

    Back in November, Sasha Hodder, founder of crypto-specialized Hodder Law, suggested to CoinDesk that the SEC would likely be among the initial creditors to receive payment from BlockFi. She commented,

    “The customers are really at the bottom of the list here.”

    In a more positive turn of events, a New Jersey bankruptcy court judge declared in May that BlockFi customers could be reimbursed from the $300 million held in custodial wallets on the platform.

    The insolvent entity has submitted a reorganization plan to the court, which is scheduled for a hearing in July. Despite its bankruptcy status, BlockFi maintains that the $1 billion claims against the defunct FTX crypto enterprise and its affiliate trading firm, Alameda, will be the “largest driver” of fund recoveries for both customers and creditors.

    ]]>
    TCRV price to surge 40% in upcoming week, Aptos and Litecoin price analysis https://www.crypto-news-flash.com/tcrv-price-to-surge-40-in-upcoming-week-aptos-and-litecoin-price-analysis/?utm_source=rss&utm_medium=rss&utm_campaign=tcrv-price-to-surge-40-in-upcoming-week-aptos-and-litecoin-price-analysis Sun, 25 Jun 2023 14:36:53 +0000 https://www.crypto-news-flash.com/?p=326815 The recent price performance behind Aptos and Litecoin has left many investors optimistic, as the price has managed to surge in a positive direction. However, the most significant gains have been made by the early adopters of Tradecurve, as from the start of the presale the price of TCRV increased from 0.01 to 0.018, 80% up with the demand growing analysts are predicting a 40% surge in the upcoming week. Today, we will analyze the price of these altcoins to see how far they can climb.

    Summary:

    • Aptos Jumped by a total of 24.3% during the past week.
    • Litecoin grew by 17.2%.
    • For TCRV, when Stage 5 begins, a jump of around 40% is projected as the token will reach $0.025.

    >>BUY TCRV TOKENS NOW<<

    Aptos Price Analysis

    Aptos saw a slight climb in its value during the last 24 hours of 4.3%, and as of June 22, 2023, it trades at $7.51. During the past week, the low point for Aptos was at $6.03, while its high point of value was at $7.77. 

    The overall climb in value for the Aptos cryptocurrency during the week was 24.3%. With this momentum in mind, it is clear that Aptos is heading toward a bearish direction and can spike to $10 in the upcoming month, according to analysts.

    Litecoin’s Growth in Value

    Litecoin showcased a similar performance. However, its 24-hour climb was at just 1.5%. Still, the Litecoin cryptocurrency is in the green zone with a value of $86.02 as of June 22, 2023. During the past week, Litecoin increased by a total of 17.2%. 

    The low point of the cryptocurrency was $73.31, while the high point was at a value of $88.65. According to an analysis conducted by analysts familiar with the performance of the cryptocurrency, it can reach $90 by the end of the month, making Litecoin a bullish altcoin to get into.

    Tradecurve to Climb by 40%

    However, the growth in the value of Aptos, as well as Litecoin, is small when compared to the anticipated price climb of Tradecurve, an upcoming hybrid cryptocurrency exchange.

    Tradecurve is an emerging player in the online trading ecosystem that is currently undergoing its presale run and has managed to increase in value by 20% during the previous week by offering a unique proposition by combining derivatives and crypto trading on a single platform.

    The innovative approach to Tradecurve does not stop there, as the exchange also enables users to trade completely anonymously, as there is no requirement for any sign-up KYC checks. Moreover, users from all over the world can trade all derivatives from a single account, as all they need to do is open one with an email address, make a deposit with crypto, and then that crypto will be used as collateral.

    Other notable features found on top of Tradecurve are its dedicated Trading Academy for beginners, the high leverage starting at 500:1, negative balance protection, Proof of Reserves (PoR), and the VIP account system.

    As of June 22, 2023, TCRV is at Stage 4 of its presale, where it is offered at a value of $0.018. When Stage 5 begins within a week, its value will jump by around 40% to $0.025. 32,070,312 TCRV tokens have already been sold during this stage, and based on this momentum, analysts predict that by the time Tradecurve launches, it will reach a growth of 100x its value. 

    Take a more in-depth look at the TCRV token at the links below:

    Click Here For Website

    Click Here To Buy TCRV Presale Tokens

    Follow Us Twitter

    Join Our Community on Telegram

    ]]>
    Binance coin and Litecoin charts showing green, TCRV up 20% https://www.crypto-news-flash.com/binance-coin-and-litecoin-charts-showing-green-tcrv-up-20/?utm_source=rss&utm_medium=rss&utm_campaign=binance-coin-and-litecoin-charts-showing-green-tcrv-up-20 Sun, 25 Jun 2023 14:30:41 +0000 https://www.crypto-news-flash.com/?p=326833 With the recent movement of the crypto market, many cryptocurrencies are in the green zone,  enabling them to break past the bear market and move in an upwards direction. Out of them, Binance Coin, Litecoin, and Tradecurve saw an exponential level of attention from investors, and today we will uncover why this has been the case. 

    >>BUY TCRV TOKENS NOW<<

    Binance Coin Has Seen Momentum In The Green Zone

    As of June 21, 2023, Binance Coin traded at $249.17. This signified that within the span of the last 24 hours, Binance Coin grew in value by 3.5%. The pattern can be seen in its weekly chart, as the low point for Binance Coin was at $231.81, with its high point at $252.43. 

    The all-time high for Binance Coin occurred on May 10, 2021, at $686.31, indicating that it’s still 63.69% under that point of value. With this in mind, however, analysts are bullish on the future of Binance Coin following its latest green-zone entry.

    Litecoin Showcases Bullish Pattern on Charts

    Litecoin’s value saw a much higher increase within the last 24 hours of 10.5%. As of June 21, 2023, Litecoin trades at $84.69. Within the past week, Litecoin is also up by 9.3%. The lowest point of value for Litecoin during the week was $72.51, while the high point was $84.68. 

    The Litecoin cryptocurrency saw its all-time high on May 10, 2021, at $410.26, and now trades 79.34% under that point of value. In any case, the latest green pattern suggests that Litecoin can grow in value even further. 

    TCRV Went Up 20% In Value

    Binance Coin and Litecoin were not the only two cryptocurrencies to see significant growth in value, as the upcoming Tradecurve exchange has already exceeded the expectations of investors with a surge of 20% in the last week alone. TCRV is the utility token behind Tradecurve that is used for governance and staking, and it also provides discounts on subscriptions available on the exchange.

     It is undergoing Stage 4 of its presale, where it is offered at $0.018. Over 28M TCRV tokens have already been sold during this stage, and only 71,229,214 tokens remain until their price increases to $0.025. 

    Tradecurve has gained a high level of attention as it resolves these issues. First, entry to the exchange is fully anonymous, as zero sign-up KYC checks are conducted. Second, as it is decentralized, it also offers high liquidity, fast order execution, low latency, and truly borderless access to anyone. Third, Tradecurve is also built on the well-established Ethereum blockchain and, alongside cryptocurrencies, enables anyone to trade derivatives.

    Other notable features behind Tradecurve include its subscription-based automated AI trading bots and copy trader feature, alongside the high leverage available, starting at 500:1. There’s also negative balance protection, a VIP account system, Proof of Reserves (PoR), and a dedicated Trading Academy. With all of these aspects in mind, analysts predict a surge for TCRV of 100x when it launches, making it one of the most bullish altcoins on this list.

    Discover more information surrounding Tradecurve at the links below:

    Click Here For Website

    Click Here To Buy TCRV Presale Tokens

    Follow Us Twitter

    Join Our Community on Telegram

    ]]>
    World Mobile’s Blockchain-Based Network Launches Token Buyback Program, Driving Sustainable Growth and Empowering Users https://www.crypto-news-flash.com/world-mobiles-blockchain-based-network-launches-token-buyback-program-driving-sustainable-growth-and-empowering-users/?utm_source=rss&utm_medium=rss&utm_campaign=world-mobiles-blockchain-based-network-launches-token-buyback-program-driving-sustainable-growth-and-empowering-users Sun, 25 Jun 2023 13:09:21 +0000 https://www.crypto-news-flash.com/?p=326016
    • World Mobile, a blockchain-powered mobile network, has launched a token buyback program to support the growth of its sharing economy and reward ecosystem participants.
    • The company successfully completed DeWi technology field tests in Nigeria, Kenya, and Mozambique, signifying its determination to extend internet services across Africa.

    As an innovation leader in the digital realm, World Mobile has announced a token buyback initiative to bolster the sustainable growth of its sharing economy. The company, using blockchain technology to revolutionize mobile networking, intends to buy back its native utility token, WMT, from the open market and subsequently redistribute rewards among its ecosystem’s stakeholders.

    The buyback program, which was officially put into action on May 29, is primarily aimed at notable contributors who have played significant roles in advancing the network’s development. CEO Micky Watkins has highlighted the strategic importance of this move as a testament to World Mobile’s dedication to token holders and operators, who are the pillars of its successful sharing economy.

    Watkins explains,

    “We’re aiming to fortify a sustainable sharing economy by repurchasing World Mobile Tokens from the open market. This strategy, aligned with our business model and funded by real-world revenue, is a significant step towards wider adoption and strengthens the stability and utility of the World Mobile ecosystem.”

    World Mobile’s overarching mission is to create a sustainable mobile ecosystem in which customers can both earn revenue and claim more ownership over data and infrastructure. In this vein, the token buyback scheme serves as a key component of their long-term strategy, poised to add substantial value for its users. Notably, the announcement has already impacted the market, causing a nearly 5% surge in WMT’s value over the last 24 hours, pushing it above $0.10 per token.

    In another significant development, World Mobile has recently expanded its services in Africa. They’ve disclosed successful DeWi technology field tests in Nigeria, Kenya, and Mozambique, showing the scalability of their hybrid-connectivity solution. This move suggests a planned spread of their affordable internet services across the African continent.

    World Mobile’s solution uniquely targets rural areas often neglected by major providers, marking a critical step towards achieving digital inclusivity in underprivileged regions. Watkins, sharing insights from the successful field tests, emphasized,

    “These tests validate our DeWi technology’s feasibility and scalability, bringing us closer to providing affordable and reliable internet access to rural and underserved areas worldwide.”

    ]]>
    JP Morgan Unleashes Ethereum Competitor And Euro Blockchain Payments with JPM Coin, Challenging Traditional Finance and Expanding Crypto Influence https://www.crypto-news-flash.com/jp-morgan-unleashes-ethereum-competitor-and-euro-blockchain-payments-with-jpm-coin-challenging-traditional-finance-and-expanding-crypto-influence/?utm_source=rss&utm_medium=rss&utm_campaign=jp-morgan-unleashes-ethereum-competitor-and-euro-blockchain-payments-with-jpm-coin-challenging-traditional-finance-and-expanding-crypto-influence Sun, 25 Jun 2023 12:28:24 +0000 https://www.crypto-news-flash.com/?p=326675
  • JP Morgan introduces euro-based denominated transactions in addition to the existing dollar-based payment. 
    • Since its inception, JPM Coin has processed over $300 billion in transactions compared to the JPM overall businesses that have processed almost $10 trillion daily. 

    The crypto ecosystem is fast expanding as traditional financial systems explore possibilities to integrate blockchain technology and digital assets. JP Morgan Chase & Co is reportedly introducing a euro-based payment in addition to the already existing dollar-based payment for its corporate clients with the JPM coin. On Wednesday, Basak Toprak, JPMorgan’s head of Coin Systems for Europe, the Middle East, and Africa, announced that the Euro payment has gone live with the Germany-based industrial manufacturing giant Siemens AG performing the first transaction. 

    This is a huge step for the JPM coin, having processed over $300 billion in transactions since its inception in 2019. On a daily basis, the overall JPM businesses have recorded about $10 trillion in processed payments. The JPM coin is said to be very popular among large multinational companies that usually transfer funds between their J.P. Morgan accounts as well as other banks. 

    When announcing its dollar-denominated assets, the bank explained that the JPM coin is not necessarily money.

    It is a digital coin, representing United States dollars, held in designated accounts at J.P. Morgan Chase N.A. In short, a JPM Coin always has a value equivalent to one U.S. dollar. When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalent amount of U.S. dollars, reducing the typical settlement time.

    JP Morgan Fast-Expanding in the Blockchain Industry

    As the first bank to introduce its digital token for real-world use, JPM boasts its initiative operates around the clock and also executes payment instantly compared to traditional banks. The bank had disclosed earlier that it would use blockchain to send money across borders in addition to using digital coins to settle payments among corporate clients. Last year, the Central Bank of Bahrain (CBB) announced its decision to leverage the JPM Coin system to initiate real-time payment for Aluminium Bahrain (ALBA) to benefit its counterparties in the United States. 

    His Excellency the Governor of the Central Bank of Bahrain, Rasheed Al Maraj commented:

    We at the Central Bank of Bahrain are extremely pleased to announce the success of this test which aligns with our vision and strategy to continually develop and enrich the capabilities extended to the stakeholders within our financial services sector in the Kingdom using advanced and leading emerging technologies. Through our work with ALBA, Bank ABC and Onyx by JP Morgan, we aspire to address and eliminate the inefficiencies and pain-points which exist today in the traditional cross-border payments arena.

    Just recently, it partnered with six Indian banks to come up with a blockchain-based platform for interbank dollar transactions. The banks include HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, and IndusInd Bank.

    Kaustubh Kulkarni, the senior country officer at JP Morgan explains that transactions take up to several hours under the current interbank settlement system in addition to its unavailability on Saturdays, and Sundays in public holidays. Interestingly, its platform enables banks to settle payments 24/7.

    The Onyx blockchain-based platform was launched in 2020 and seeks to improve wholesale payment transactions. 

     

    ]]>
    FC Barcelona and World of Women Join Forces for ‘Empowerment’ Soccer NFT Auction, Featuring Women’s Club Captain Alexia Putellas https://www.crypto-news-flash.com/fc-barcelona-and-world-of-women-join-forces-for-empowerment-soccer-nft-auction-featuring-womens-club-captain-alexia-putellas/?utm_source=rss&utm_medium=rss&utm_campaign=fc-barcelona-and-world-of-women-join-forces-for-empowerment-soccer-nft-auction-featuring-womens-club-captain-alexia-putellas Sun, 25 Jun 2023 12:14:34 +0000 https://www.crypto-news-flash.com/?p=326040
    • FC Barcelona and NFT initiative World of Women unveil the second “Masterpieces” collection NFT, dedicated to Alexia Putellas.
    • The “Empowerment” NFT auction will begin on June 26 on OpenSea, offering the winner the chance to meet Putellas and receive signed memorabilia.

    Spanish soccer colossus FC Barcelona has joined forces with NFT platform World of Women to unveil the second piece in their 10-part “Masterpieces” collection. This collection artistically highlights the feats of remarkable past and present players.

    Titled “Empowerment,” the digital artwork is the creation of Rhi Madeline. It celebrates women’s club captain Alexia Putellas, embodying transformation and progression, as per the club’s description. The golden artwork portrays Putellas during the Women’s Champions League semi-final match against German team Wolfsburg in 2022. In that pivotal game, Putellas netted a brace (two goals), securing her team’s victory.

    The “Empowerment” NFT will be auctioned over two days, starting June 26 exclusively on the OpenSea marketplace. This NFT, minted on the Ethereum scaling network Polygon, offers physical benefits that include a meeting with Putellas, a signed pair of boots, and a physical seat from Barcelona’s stadium, Spotify Camp Nou, autographed by Putellas.

    Speaking about the collaboration, World of Women COO Shannon Snow explained the mutual goal of both parties was to foster the growth of female representation in soccer. For this mission, Putellas was an ideal embodiment.

    “Representation in women’s soccer and generally women’s sports has been a historical issue. Through this partnership, World of Women aims to spotlight women’s resilience in sports, initiating critical discussions on past and current challenges,”

    Snow articulated.

    She further praised Putellas, one of the most decorated female soccer athletes, who represents the rise of women in sports at one of the world’s premier soccer clubs. The goal, according to Snow, is to etch the perseverance, ambition, and strength of women like Putellas into the blockchain, creating an enduring legacy.

    FC Barcelona’s initial Masterpiece NFT was dedicated to Dutch soccer legend Johan Cruyff. His NFT, named “In A Way, Immortal,” was auctioned at Sotheby’s in July 2022. This unique digital artwork minted on Polygon was sold for $693,000, offering various utilities, including meet-and-greets and the chance to play at Spotify Camp Nou.

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    Incredible 10,000% ROI Predicted For Golden Inu — 2023’s Top Memecoin & New Shiba Inu Rival https://www.crypto-news-flash.com/incredible-10000-roi-predicted-for-golden-inu-2023s-top-memecoin-new-shiba-inu-rival/?utm_source=rss&utm_medium=rss&utm_campaign=incredible-10000-roi-predicted-for-golden-inu-2023s-top-memecoin-new-shiba-inu-rival Sun, 25 Jun 2023 12:04:28 +0000 https://www.crypto-news-flash.com/?p=326779 Shiba Inu token recently witnessed significant growth in burning, with an increase of nearly +74% yesterday. However, despite this development, the token’s price sank by almost -1%, adding to its challenges in 2023. This decline sheds light on the vulnerable aspect of the meme token, exposing its Achilles heel. As a result, investors in $SHIB are now making a migration to a new erc-20 network token known as “Golden Inu.”

    The Rise of Golden Inu

    The transition to Golden Inu is not limited to Shiba Inu token holders alone. Traditional crypto investors, referred to as “shrimps,” are also seizing the opportunity to participate in the early presale of the $Golden token before its launch on Uniswap.

    Introducing Golden Inu and What Its Solutions to Memecoin Problems

    But what exactly is Golden Inu and what problems does it solve? The reason $SHIB holders are moving towards the Golden Inu presale is due to the lack of actual crypto products that are in demand by users. After almost two years of promises, the $SHIB token has failed to provide any practical use cases that would make it valuable to cryptocurrency holders. There is no subculture that has formed around the Shiba Inu coin, serving as a long-term catalyst for its daily use.

    Golden Inu aims to address this issue by offering real-time functionality and useful products. It was created by a former $SHIB token holder named “Golden Takeishi,” who became frustrated with the delay in the development of Shiba Inu ecosystem products. In late 2022, Takeishi decided to launch a transparent crypto brand that would fulfill the promises made by Shiba Inu. This product became the golden version of all crypto Inus.

    The Success of Golden Inu

    In 2023, Golden Inu became a successful venture, attracting both novice and experienced crypto traders. It presents an opportunity for past investors of Shiba Inu, Dogecoin, Floki, and other meme coins to turn their losses into wins with a fresh token.

    Golden Inu’s Solutions and Potential

    Golden Inu [$Golden] has already provided solutions that make it superior to Shiba Inu. Within a span of 60 days, two minor crypto applications have been built and launched, contributing to the growth of the $Golden subculture. Moreover, Golden Inu has ambitious plans outlined in its official roadmap for 2023.

    In simple terms, Golden Inu [$Golden] is a meme coin that offers actual crypto products with long-term utility. Unlike Shiba Inu, it is actively useful. This is why many consider it to be the “Shiba Inu killer.”

    The Potential for 10,000% ROI

    One of the major applications launched by Golden Inu is the highly anticipated play-to-earn (P2E) game called “Golden Inuverse.” A leaked character from the game has generated significant excitement among avid P2E gamers. If thousands of crypto traders connect and purchase tokens to participate in the Inuverse game, it will swiftly shift the market in favor of Golden Inu. Early holders of Golden Inu tokens will play a crucial role in propelling the token to various trending features on cryptocurrency exchanges.

    The Future of Golden Inu

    Beyond the Inuverse game, there are plans to develop a new decentralized exchange (DEX). Although this will take time, the DEX will attract even more users to the Golden Inu ecosystem. By connecting Latin America with other regions of the Americas, it has the potential to significantly increase the value of the $Golden token.

    Shiba Inu vs. Golden Inu in 2023

    In 2023, Golden Inu seems poised to disrupt the industry. While Shiba Inu struggles to achieve even a 1% gain for the year, investors have the opportunity to potentially earn a minimum of 25% with the $Golden token upon its listing on Uniswap. Golden Inu’s developer team is outperforming Shiba Inu and its trio of tokens when it comes to new crypto applications. At least five projects that rely on the $Golden token will be completed, demonstrating the token’s potential for growth.

    Participate in the Golden Inu ICO and Presale

    To learn more about the initial coin offering and presale of the new erc-20 token, $Golden, visit the official website. Traders can make a presale purchase by connecting their digital wallet and trading Ethereum ($ETH) coins for Golden Inu tokens ($Golden). Zerion, Trust Wallet, and Wallet Connect applications can also be used, as mentioned in a recent blog post.

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    Ripple’s Secret Connection? Fed Chair Powell’s Grateful Dead Revelation Raises Eyebrows https://www.crypto-news-flash.com/ripples-secret-connection-fed-chair-powells-grateful-dead-revelation-raises-eyebrows/?utm_source=rss&utm_medium=rss&utm_campaign=ripples-secret-connection-fed-chair-powells-grateful-dead-revelation-raises-eyebrows Sat, 24 Jun 2023 18:48:56 +0000 https://www.crypto-news-flash.com/?p=326621
  • An alleged conversation between the Fed chair and US Congressman triggers rumors of Powell’s involvement in the Ripple establishment.
    • A 2018 video by a Ripple executive concerning the creation of the company has begun surfacing online in connection with Powell’s statement.

    An interesting rumor circulating on Twitter has raised eyebrows as US Federal Reserve Chair Jerome Powell has been accused of having a connection with Ripple Labs. It all started when a Twitter user identified as @NFAdotcrypto shared an alleged conversation between Powell and Congressman Wiley Nickel before the US Congress this week. According to the post, Nickel asked Powell how he liked a concert performed by the Grateful Dead. With this, Powell replied that he has been a dead fan of Grateful Dead for the past 50 years. 

    Was there a subtle nod to @ripple at yesterday’s press conference or just a coincidence? 🤔 1. Jerome Powell says he’s been a “Grateful Dead fan for 50 years.” 2. Congressman Wiley Nickel responds, “I’ve found one universal truth — I like people who like the Grateful Dead” 3. pic.twitter.com/pv9LTUruMt—NotFinancialAdvice.Crypto (@NFAdotcrypto) June 22, 2023

    Interestingly, a section of the crypto community has linked this conversation to a 2018 video interview by the founder and current executive chairman of Ripple Chris Larsen. Speaking on how Ripple got started, Larsen disclosed that they were lucky to get the URL from a Grateful Dead super fan. He added that the decision had to do with the song Ripple from the Grateful Dead, and admitted that the team has always loved the band too. 

    Who is the Grateful Dead and the Ripple Song

    The Grateful Dead was a rock band established in Palo Alto, California, United States in 1965. Their music style is mostly psychedelic rock and a touch of the likes of blues, country, folk, and bluegrass. Their Ripple Song was performed on September 3, 1988. The song was written by Robert Hunter and recorded by Jerry Garcia and was said to have a connection with the Old Testament’s Psalm 23. Fast forward, it became the inspiration behind the Ripple Labs company some decades later. 

    Powell’s interest in the Grateful Dead and the comment by Larsen are said to reveal a lot. Interestingly, the Fed Chair’s comments on Bitcoin indicate he is a fan. At Capitol Hill during a semiannual on a monetary policy held by the Republican-led House Financial Services Committee, Powell stated emphatically that cryptos like Bitcoin have “staying power”. However, he believes there should be a robust federal role in stablecoin. 

    We do see payments stablecoins as a form of money, and in all advanced economies, the ultimate source of credibility in money is the central bank. We believe that it would be appropriate to have quite a robust federal role in what happens in stable coins going forward.

    Some Previous Rumors

    Previously, there were rumors surrounding FedNow and Ripple. FedNow is an instant payment infrastructure that enables financial institutions to execute instant payment, and it was developed by Feds. It was rumored that RippleNet would be used as the basis for the digital transaction network. An Atlanta Fed document from May 2023 also praises Ripple and Stellar Lumen for making value transfer cheaper. 

    Ripple provides various services via the use of its native token, the XRP, which is roughly envisioned as an international payment medium or wholesale settlement coin. 

    As of Press time, XRP was trading at $0.490862 after falling by 2 percent in the last seven days. The asset also has a bearish market sentiment. 

     

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