Track market-moving stories before they get noisy

Binance, the world’s largest cryptocurrency exchange, has announced the delisting of four altcoins from its spot market on July 22, 2024. The affected tokens are BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS).

According to an official announcement on July 8, the cessation of trading for all spot trading pairs of these tokens will take effect at 11:00 UTC+8. The removal will affect Bitcoin (BTC) and Tether USD (USDT) pairs of the four tokens, including BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT.

Delisting Details Starting July 22, users will no longer be able to withdraw or deposit any of the four cryptocurrencies. Existing orders will be automatically cleared after Binance halts trading on the respective trading pairs.

However, the exchange may convert the delisted tokens to stablecoins on behalf of users after the removal. The four tokens will also be removed from Binance Simple Earn, Auto-Invest, Margin, and Binance Funding Rate Arbitrage programs before they are officially halted at the stipulated date.

The exchange stated that the delisting of these tokens is part of its regular review process to ensure the security, compliance, and performance of assets listed on Binance.

Binance, which recently celebrated its seventh anniversary on July 5, routinely evaluates various factors such as the commitment of the project team, development activity, network stability, and trading volume to identify tokens that no longer meet its criteria. The company revealed that tokens that no longer meet its rigorous standards are subject to delisting to maintain a high-quality trading environment for its 200 million users globally.

Crypto traders holding any of the four digital assets should be prepared for the delisting by taking necessary actions before the deadline. Binance has advised users to close all positions and withdraw any balances of BOND, DOCK, MDX, and POLS before the delisting occurs.

Binance Adds 11 Cryptocurrencies to Its Watchlist The delisting of these four tokens comes a week after the company announced that it added 11 different cryptocurrencies, including Balancer (BAL) and Cortex (CTXC), to its watchlist for potential removal.

Binance explained that tokens on the watchlist are considered high-risk and are closely monitored for volatility and compliance with its listing criteria.

However, it is important to note that none of the four tokens being delisted on July 22 were part of the 11 cryptocurrencies recently added to Binance’s Monitoring Tag.

On June 28, the company ceased trading Shiba Inu (SHIB), the second largest meme coin in the industry with a market cap of nearly $10 billion. That same day, Binance also removed and ceased trading of Chainlink, Memecoin, Blur, Metis, NFPrompt, and Osmosis.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Shiba Inu (SHIB) News, Cryptocurrency News, News

Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.

Chimamanda U. Martha on X

[PRESS RELEASE – KAUNAS, Lithuania, July 31st, 2024]

DappRadar is excited to reveal the first six members of the DappLaunch Selection Committee, a decentralized committee ready to welcome and approve Web3 projects to the growth and launch hub. The first committee members are DappRadar, Chainwire, Polkastarter, BNB, Crypto Potato, and Lunar Strategy, while more will follow.

With over 600 projects having started the application process for a spot in DappLaunch, the Web3 growth and launch hub has attracted the attention of top tier industry leaders. While partners offer support through discounts, tools and services for the curated projects in the DappLaunch program, the Selection Committee is responsible for the curation of these projects.

This means that every project in DappLaunch will be selected by a decentralized group of top tier industry leaders. This selection process aims to bring forward a diverse group of high-quality projects, curated by a decentralized committee.

Projects selected to DappLaunch gain access to a powerful network of ecosystems, launchpads, VCs/accelerators, Web3 media, and Web3 service providers. These partners offer benefits and support to the projects such as marketing and PR services, discounted infrastructure services or credits, or advisory on topics like tokenomics and gamification. Additionally, projects selected for DappLaunch will receive increased visibility for user acquisition and TGE on the DappRadar platform.

DappRadar users will have opportunities to engage with this group of curated projects. In addition, DappRadar PRO members who hold and stake at least 30,000 RADAR, may expect future benefits, such as exclusive quests and airdrops, as projects in the DappLaunch ecosystem come to fruition.

Access to the DappLaunch Selection Committee is a utility that can be unlocked via RADAR token. DappLaunch partners in good standing with the program can purchase and lock 10 million RADAR to gain access to the committee. DappRadar expects to see more top ecosystems as well as Web3 focused venture funds moving to join the selection committee in the future.

Apply to DappLaunch as a project or a network partner: https://dapplaunch.dappradar.com/

ABOUT DAPPRADAR DappRadar is the biggest Web3 project discovery platform, the World’s Dapp Store. One million users per month use DappRadar to discover new dapps, gain insights into DeFi and NFT collections, or to learn more about GameFi and SocialFi. Established in 2018, DappRadar has now become an industry leading platform, providing insights to investors, journalists, researchers, media and of course consumers looking to find the dapp of their dreams.

Table of contents

In the dynamic realm of cryptocurrency investments, the Initial DEX offerings of Polkastarter have gained significant attention from investors. As per Phoenix Group, a prominent on-chain analytics platform, the top ten Polkastarter IDOs in terms of ROI include Ethernity, Thetan World, SperVerse, Wilder World, PAID Network, Dfyn, Polkamarkets, Push Protocol, Convergence, and MahaDAO.

Ethernity Leads the Polkastarter IDOs Based on Returns on Investment Phoenix Group shared the list of the prominent Polkastarter IDOs, with Ethernity ($ERN) dominating the rest. The IDO has reportedly seen an all-time high ROI of up to 269.62X. However, at present, its ROI stands at 8.15X. Subsequently, Thetan ($THG) secures the 2nd place in the list with its maximum ROI of 264.17X. The IDO’s present ROI is 0.16X. The top 3rd position on the list is taken by SuperVerse ($SUPER). It has reportedly seen an all-time high ROI of almost 188.75X. Nevertheless, the current ROI of the IDO is 54.05X.

Wilder World ($WILD) gets the 4th spot on the list. The respective IDO has witnessed an ATH ROI of 156.41X. On the other hand, the project’s present ROI is just 4.80X. The list moves on to include PAID Network ($PAID) in the 5th position. The IDO has effectively reached 145.38X in terms of its all-time high ROI. However, it currently shows a 1.16X ROI. The 6th player is Dfyn ($DFYN). The IDO has experienced an 86.66X ATH ROI. Contrarily, the present ROI of the project stands at 0.06X.

MahaDAO Bottoms the List with 43.84X ATH ROI The 7th spot is occupied by Polkamarkets ($POLK). It has recorded an 83.23X ATH ROI. At the moment, its ROI level is 0.29X. Push Protocol ($PUSH) has seized the 8th position with its ATH ROI reaching a 72.29X level while its current ROI is 0.62X. Convergence has gained the 9th position with a 55.14X ATH ROI and 0.13X current ROI. MahaDAO ($MAHA) emerges as the last Polkastarter IDO in the list with a 43.84X ATH ROI. 1.99X is its present ROI.

In summary, Polkastarter’s top IDOs have demonstrated impressive returns on investment, showcasing the platform’s potential for high gains despite market fluctuations. This performance underlines Polkastarter’s appeal to investors seeking early-stage opportunities in the crypto space.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Table of contents

Welf, a prominent platform providing private banking services, has announced the exclusive release of $WELF as its native token. Welf is reportedly launching $WELF on Ape Terminal and Polkastarter via a couple of Initial DEX Offerings for efficient transfers and community engagement. The project will serve as the Welf ecosystem’s foundation.

$WELF Token Launch Powers Wealth Management Revolution Welf mentioned that the $WELF token’s launch will enable governance participation, seamless transactions, and access to first-class financial services. The platform added that the project has already made waves across the crypto community. In this respect, the Ape Terminal IDO is reportedly oversubscribed by 92X, indicating significant demand.

In addition to this, the platform has scheduled the token’s launch on the Polkastarter IDO for the 17th of December. However, in the case of Ape Terminal IDO, Welf plans to release $WELF on the 18th of December. The token offers a thorough digital-first ecosystem that is customized for high-net-worth people. Additionally, it integrates conventional wealth management instruments with blockchain-related innovations. In this way, it provides solutions to simplify lifestyle and wealth management.

Welf Introducing Its Key Products and $WELF Utility While discussing the key products in the project, Welf pointed toward WelfYield™, WelfBank™, WelfTailor™, and WelfDemand™. WelfYield™ reportedly provides cutting-edge services dealing with cash management. WelfBank™ focuses on providing modern and customized banking services. Apart from that, WelfTailor™ offers solutions concerning solutions for individual portfolio management. Moreover, WelfDemand™ delivers the latest concierge services.

According to Welf, the $WELF token serves several purposes. They take into account the payment of transfer fees, the provision of governance rights, as well as staking-based subscriptions. Along with the respective token release, Welf has planned a staggering pre-launch funding of up to $3.2M. This reflects the solid investor confidence in the project’s long-term vision.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

Binance’s Monitoring Tag Sends 4 Altcoins into Freefall

In an exclusive interview with Finbold, Stanislav Lepka, the CEO of SpaceCatch, a key player in the GameFi and Web3 arena, delved into the current state of augmented reality gaming while evaluating the quality of existing projects. 

Lepka emphasized the significance of well-executed and managed projects in attracting funding, using SpaceCatch as a case study to illustrate its distinctive features. In this line, she looked at the missed opportunities for GameFi during the crypto bull run. 

During the interview, the CEO also explored untapped opportunities within the GameFi scene, underscoring the importance of collaboration among key players. At the same time, Lepka pointed out the significance of bringing on board the right partners when tackling complex GameFi projects like SpaceCatch.

Finally, Lepka examined the intersection between GameFi and other crypto projects, such as non-fungible tokens (NFTs), and discussed their impact on the overall player experience as well as touching upon how artificial intelligence (AI) will likely influence GameFi in the long term.

SpaceCatch presale has raised over $1.6 million. What do you attribute this success to, and how will these funds be utilized to further develop the project? As of the current date, January 18th, the SpaceCatch presale has raised a combined total of $2.2 million in the Community and Public rounds, demonstrating massive support from our core community. We truly appreciate that the majority of our investors have joined a community genuinely interested in SpaceCatch due to the project itself, not solely motivated by the clear potential for high investment gains.

In the current market, it is evident that our community values our development progress and the SpaceCatch concept. This highlights that, even in such market conditions, it is possible to raise a significant amount of money when the project is useful and managed and developed properly. Notably, most of the raised funds will be invested in a rapid and robust development, with the goal of providing the best AR&Web3 project possible.

Given the GameFi sector’s competitive and seemingly saturated landscape, how does SpaceCatch set itself apart, and what makes you confident that there is still substantial room for growth and success in the GameFi space? Interestingly, upon examining the actual number of active players in GameFi projects that entered the market in the last few years, it appears that the market is far from saturated. We more likely see from market data, that the GameFi market represents a huge opportunity now more than before, with lack of high quality, sustainable GameFi projects. More likely, it is saturated with projects that promised amazing play-to-earn models with high ROI, but ultimately disappointed players and investors with their non-sustainable models. Additionally, the technical aspects and development quality were at a very poor level. So the last bull market showed an enormous interest of players, but the technical executions of projects were far from the optimum. 

We strongly believe that there is room for a high-quality AR game with sustainable move-to-earn features. From the very beginning, SpaceCatch is not designed to bring ROI for players in days or months. Instead, the primary purpose of SpaceCatch is to deliver the best AR gaming experience with implemented Web3 features, leading to natural cooperation among players through the SpaceCatch marketplace.

Currently, we are in the development and testing process of the current beta version 0.21.9, which is being tested by our test group using iOS and Android devices. In the coming months, we will be launching the beta version of SpaceCatch for the public, allowing users of all kinds to experience what SpaceCatch is about and get a glimpse of the final product. We have chosen this strategy to reassure our community about the development capabilities and as a showcase that SpaceCatch is consistently on the right track toward its final goal: to entertain and achieve success.

Can you discuss any notable partnerships or collaborations that have positively impacted SpaceCatch’s growth and outcomes? To answer this question, it’s important to understand that building such a big project like SpaceCatch requires having the right, capable, and reliable partners of more kinds than expected from outside of the company. What individuals often overlook is that in such projects, there is much more happening than just development itself. We rely on partners in various areas, including development, marketing, social media management, offline events, online events, Web2&Web3 promotions, legality, taxation, safety, data analysis, funding, auditing, PR, HR, market making, listings, and many others. In each area, we have partnerships with the strongest institutions or companies possible.

In general, we utilize the services of the most professional individuals on the market, as crypto lawyers from Mavericks Legal, marketing agency Disence, Pixelfield as a professional gaming development studio, or for example: we are a member of the most prominent Czech Game Developers Association. We also engage Certik for crypto audits and KYC verifications, and Kairon Labs serves as our future market maker, among others. There is so much happening in SpaceCatch that the full list of important partners who have a direct impact on the project would be longer than this interview in total.

Could you elaborate on the strategic decision behind incorporating both non-inflationary and inflationary NFTs in SpaceCatch? How does this dual approach contribute to the overall player experience and ecosystem? In SpaceCatch, each NFT has its own significance. Having non-inflationary NFTs results in a limited supply of the most unique items, causing a natural increase in their price in the event of the game’s success and increased user engagement. On the other hand, having inflationary NFTs is crucial for those NFTs that need to be regulated based on the number of players over time, or players’ certain activities over time in the game. Their purpose is not to be unique but to serve as a price tool for in-game processes and activities within the game.

Inflationary NFTs are necessary for in-game progress and cannot be unique to the extent that, without an investment of thousands of CATCH tokens, players will not be allowed to continue in the gameplay. Additionally, the utility of inflationary NFTs within the game results in their burning once they are used by a player, creating a new space for new gameplay activities for players and generating new NFTs through a combination of physical activity and in-game actions.

Building a game driven by complex artificial intelligence can present challenges. Can you elaborate on some of the key challenges faced in developing the AI components for SpaceCatch, and how they were overcome?   AI, in general, brings a massive opportunity to tailor games to each individual player, or create a tailored way to motivate a player to discover new areas of the game. With abundant GPS data from every player, AI can, for example, create a custom position of Aliens for players. This encourages them not only to use the app during their daily routine walks but also motivates them to discover new places or take a different route. Additionally, AI serves as a powerful tool to generate custom tasks for each player based on their recognized strategy, encouraging them to break out of their gameplay routine and explore other aspects of the game through personalized motivations.

Having such a powerful tool like AI as developers allows us to interact with thousands of users and give them the sense that the game is truly designed for them. It enables us to communicate with each user as if they were the only one in the world. This approach undoubtedly presents numerous challenges, but with the extensive experience gained in the last few months with AI, we are currently testing and implementing even more challenging features.

In SpaceCatch, players engage in a battle to protect the human Metaverse against alien forces. How does the game’s AI system enhance this narrative, and in what ways does it adapt the storyline in response to individual player actions and decisions? It’s a great example of how AI can slightly alter the storyline for every player to make the game more challenging and entertaining. With data on players’ activity, we anticipate that players will often utilize a few out of the many options that SpaceCatch offers. Some will focus mostly on NFT booster creations, others on AR combats, and some on achieving the fastest in-game progress. This diversity is perfectly fine because, in the end, it creates an ecosystem of individuals, each with its own role. Through the SpaceCatch marketplace, there is clear visibility of what activity is valued by others and to what extent. This allows for a free market economy among players, enabling them to adapt their in-game strategy accordingly, making the game even more enjoyable and strategic.

On the other hand, AI is a powerful tool that creates custom motivations for these individuals to discover other aspects of the game. This provides them with a full picture of the game, making it more entertaining for them in the long term. For us as developers, this offers an opportunity to work with the user base and guide them to explore new implemented features through adaptation of the main storyline.

This also includes the implementation of new AI features in the future, as the game becomes more complex and undergoes regular development and updates. AI tools are still relatively young in the GameFi industry, so we are continually seeking new utilities to deliver as much long-term fun in the game as possible.

What trends and developments do you foresee shaping the landscape of Web3 and GameFi in the coming years, and how does SpaceCatch plan to position itself in this rapidly evolving ecosystem? We believe in delivering the best entertainment, high technical execution, regular updates, industry standards, the sustainability of play-to-earn, and in-game motivations that create a commitment to the game. We also believe in professionalism, and we always keep in mind: High quality product first. Considering all the mentioned aspects that we believe are required for a successful GameFi project with long-term success, we position ourselves as a sustainable, solid, and entertaining project backed by a professional gaming studio and tens of professionals who bring their best into the project.

We believe that in the following years, communities and players will value such an approach leading to a great product, and so far, it seems that we are on the right track with the massive support of our community. Thank you all for that; SpaceCatch will always strive to provide you with long term, sustainable fun!

Read more interviews here.

What are the top 5 crypto sectors to follow in 2024?

Binance Labs Claims to Be ‘Unaware’ of Leading $15M SkyArk Chronicles Fundraise

Jimmy Aki

Author

Jimmy Aki

Part of the Team Since

Sep 2022

About Author

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

Has Also Written

Last updated: 

January 29, 2024

Image Source: ShutterstockBinance Labs has refuted claims of its involvement in the latest investment round of SkyArk Chronicles’ gaming platform.

The venture capital arm of the Binance crypto exchange issued a statement on Monday, clarifying that it did not partake in SkyArk Chronicles’ $15 million funding.

However, Binance Labs noted that it served as a strategic partner for the gaming platform during its incubation on its platform in 2021.

SkyArk Chronicles is a project incubated and invested in by Binance Labs in 2021 through Incubation Season 3; please note that Binance Labs did not participate in the project's latest financing round this year. Thank you all for your attention.

SkyArk Chronicles 是 Binance… pic.twitter.com/wqu2PBxKGE

— Binance Labs Fund (@BinanceLabs) January 29, 2024

Providing further details, the investment wing of the crypto exchange explained that it was unaware of the $15 million investment or the claim that it led the funding round before the blockchain multiverse project made the announcement.

Upon being notified of the situation, the team promptly contacted SkyArk Chronicles to rectify the misrepresented details surrounding the fundraising event.

However, the SkyArk Chronicles team only deleted the January 12, 2024 announcement without offering the necessary clarifications to its project community.

Over the past few years, Binance Labs has invested in hundreds of projects. As an investment firm, we always do our best to support the projects we invest in. Naturally, every investment firm hopes that their portfolio projects will develop well.

1) Under normal circumstances,… pic.twitter.com/CHRCHKdmbP

— Binance Labs Fund (@BinanceLabs) January 29, 2024

To substantiate its claims, the Binance Labs team shared screenshots of their conversation with the gaming platform, emphasizing that they became aware of the situation only after its users reached out.

Binance Labs also stated that its decision is based on the premise of ‘unilateral clarification,’ a principle it believes should be foundational for all collaborations within the rapidly growing Web3 ecosystem.

Binance’s Regulatory Run-in, Key Player Going Forward SkyArk Chronicles is a triple-A blockchain gaming platform that immerses players in a multiverse created by the pseudonymous in-game god Satoshi Nakamoto.

Established in 2021, the Web3 gaming platform earned recognition by securing a spot in Binance Labs’ Incubation Program for Season 3, and it has continued to thrive since its inception.

As detailed in a now-deleted post on X from January 12, 2024, the Binance Labs team purportedly spearheaded the platform’s $15 million investment round, which drew participation from over 40 venture capital arms, including prominent names like BreedersDAO, LayerZero, Tangent Ventures, among others.

While Binance Labs has clarified its position on the matter, the other mentioned investors have remained silent.

On its end, SkyArk Chronicles has addressed the issue transparently in a post on X, expressing regret for the ‘miscommunication’ and acknowledging the subsequent clarification by the investment arm.

We are very sorry for the miscommunication and appreciate the clarification from Binance Labs.

We remain focused on making SkyArk a success and will continue working hard to achieve our vision.🫡 https://t.co/2ZbgCPXfLK

— SkyArk Chronicles (@SkyarkS) January 29, 2024

Meanwhile, Binance exchange is on a path to recovery following a tumultuous end to 2023.

In a surprising development from the US Department of Justice (DoJ), the crypto exchange faced criminal charges, including fraud, money laundering, and violations of the Bank Secrecy Act (BSA).

The investigation, which involved the Commodity Futures Trading Commission (CFTC) and two other US agencies, resulted in a $4.3 billion penalty imposed on the platform, leading to the ousting of its founder and then CEO, Changpeng Zhao.

Binance agreed to pay $4.3 billion to settle with the Department of Justice & the Commodity Futures Trading Commission over illicit finance breaches, founder Zhao pleaded guilty to breaking U.S. anti-money-laundering laws. But the SEC's case is still hanging over the exchange. https://t.co/XHVrT9ys1r pic.twitter.com/hDSBDjKyeN

— Temmy Samuel (@temmy4samuel) January 22, 2024

Under new leadership, with Richard Teng as the current CEO, Binance is navigating a new chapter in the Web3 space. Teng emphasized a commitment to regulatory compliance in the exchange’s first public statement.

Here is my first blog as #Binance CEO.

I want to take this opportunity to share immediate focus areas, discuss our responsibility to users and my view on the future of our industry.https://t.co/c6QMS6Ulmm

— Richard Teng (@_RichardTeng) November 27, 2023

This regulatory-minded approach has permeated the entire business ecosystem, leading to Binance Labs’ recent revelation of not backing SkyArk Chronicles’ latest fundraising endeavor.

[PRESS RELEASE – Panama, Republic of Panama, December 27th, 2024]

Sentient AI, incubated by GameFi.org and partnered with Ape Terminal, Polkastarter, and ChainGPT, has closed its first funding period, securing a total raise of $1.5M.

Sentient AI (SETAI) introduces an AI Agent capable of human-like thoughts and emotions. Serving as both a chatbot and personal assistant, it generates creative solutions through exceptional critical thinking and empathetic responses. With the ability to perceive the world and respond with creativity, Sentient AI redefines interaction in the digital age.

This milestone, achieved with the support of Ape Terminal, GameFi.org, Polkastarter, ChainGPT, SuiPad, and other notable partners, marks a pivotal moment as Sentient AI prepares for its Token Generation Event and the launch of its next-generation Agent Launchpad.

The future of high-IQ-EQ AI Agent

While legitimate concerns surrounding AI—such as privacy, bias, and job displacement—persist, Sentient AI sets itself apart by embracing a human-centric approach to AI development.

“Our mission is to create AI that not only understands but truly resonates with human intentions” – Sergei B, CEO of Sentient AI stated – “With the support of our incredible partners and investors, we’re set to redefine decentralized artificial intelligence”.

Sentient AI has completed its first development phase, focusing on connecting and collecting human interactions. These interactions will serve as the core foundation for the current second phase, which aims to train and adapt the AI Agent model.

Agent Launchpad on Sui Network

A cornerstone of the Sentient AI team’s vision is the upcoming Agent Launchpad, designed to help investors optimize their AI tokens and gain exclusive early access to investment opportunities across the web3 space.

By integrating with the Sui Network, Sentient AI leverages Sui’s strengths: high speed for rapid interactions, horizontal scalability for large-scale tasks, and cost-effectiveness to drive widespread adoption. Investors can also benefit from advanced security powered by Sui’s Move language and a seamless user experience provided by this rising network.

The Agent Launchpad currently reports three projects under incubation, with the first product set to launch for token stakers in January 2025.

Strong Progress & Team Expertise

Sentient AI’s growth is bolstered by a diverse group of industry-leading investors, prominent VCs, KOLs, and blockchain pioneers, highlighting the product’s trendsetting potential.

The progress of Sentient AI is demonstrated through impressive metrics from early testing: over 1 million interactions and 100,000 users within two weeks.

With a proven track record of delivering impactful and innovative products, the Sentient AI team is poised to sustain its remarkable growth trajectory, further solidifying its position as a leading innovator in the AI and blockchain space.

What’s Next for Sentient AI?

Sentient AI plans to accelerate development and expand its ecosystem following the successful raise. Key upcoming milestones include its Token Generation Event, the release of the AI Agent Launchpad, partnerships with industry leaders, and collaborations with AI developers across the tech space.

About Sentient AI

Sentient AI (SETAI) is an advanced AI Agent capable of human-like thoughts and emotions. Functioning as both a chatbot and personal assistant, it generates creative life solutions through exceptional critical thinking and empathetic responses. By perceiving the world around it and responding with creativity, Sentient AI works to revolutionize the future of human-AI interactions.

Website: https://aisentient.net/

Table of contents

Shadow War, a cutting-edge hybrid game, is partnering with Nexus Night, a part of the GM Vietnam, the premier tech and blockchain convergence event of Vietnam. With this partnership, Shadow War, the event that GameFi.org is hosting, will be a part of the blockchain game titles showing up in the Nexus Night. GameFi.org revealed this development in a recent social media post shared on its official X account.

Shadow War to Appear at Nexus Night to Revolutionize Web3 Gaming and Decentralized Finance As per GameFi.org, the next-generation action game Shadow War will be included in the diverse titles presented by Nexus Night. The advanced game is reportedly poised to redefine the overall GameFi experience. In addition to this, Nexus Night is included in the wider GM Vietnam 2025 series that focuses on the merger of blockchain and tech sectors.

The GM Vietnam 2025 series will bring together enthusiasts, investors, and developers. In this respect, this series is devoted to immersive showcases, innovation, and networking. The Nexus Night event will take place on the 31st of July. Additionally, the event is set to offer a vibrant gathering comprising Web3 visionaries.

Driving Merger of Blockchain Technology and Community-Driven Events with New Opportunities According to GameFi.org, Shadow War’s collaboration with Nexus Night denotes a considerable step to redefine the decentralized gaming. The 5v5 action game blends industrial aesthetics as well as dynamic gameplay apparatus. Thus, the attendees of the Nexus Night will get exclusive insights and new opportunities to reach the development team of Shadow War. Overall, amid the expansion of the Web3 gaming world, the appearance of Shadow War at Nexus Night highlights the growing merger of blockchain technology, next-gen entertainment, and community-led events.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

The Brave browser and its native Basic Attention Token (BAT) is one of the most revolutionary concepts in online digital advertising to date.

This privacy enhanced browser is increasingly popular and people are downloading it in their droves. They are also using the in browser rewards to earn BAT in exchange for their attention thereby further driving demand for the tokens and browser.

However, is it really worth all of the hype?

In this Basic Attention Token review, I will attempt to answer just that. I will also take a look at the Brave ecosystem and the long term use cases for the BAT token.

What is Basic Attention Token?The Basic Attention Token is the native token that is used in the Brave ecosystem.

Brave offers a privacy-focused browser that shields users away from 3rd party ads and trackers. On this browser publishers, advertisers and users are all incentivized to help each party generate the most value.

The token and Brave project is quite an interesting one as it is trying to solve some fundamental problems that exist today with digital advertising.

For example, consumers are growing ever more conscious of how their data is being misused by social media companies like Facebook. This is evidenced by the growing demand for ad-blocking software, which now operates on over 600 million mobile devices and desktops globally.

The industry seems no longer capable of aligning incentives between advertisers, publishers and users. The advertising ecosystem has become rife with data exploitation (users personal data being exploited, as well as the high costs of data from downloading irrelevant and impersonal ads) and inaccurate reporting of user engagement.

Demand for BAT, an ERC20 token, will be driven by the following factors:

Advertisers pay Publishers in BATs to have their ads viewed by usersUsers earn BATs when they view ads. User attention is monitored on their devices and in the Brave browser using machine-learning technology (private data always remains contained within the devices being used).Advertisers get better ROI as a result of a more accurate and incentive based systemHow is Attention Measured?Brave takes the unique approach of measuring attention at the browser level, meaning it keeps track of user engagement within an active tab in real time, showcasing relevant ads based on time spent scrolling over specific content in the tab.

The browser calculates an ‘attention score’ based on whether a page is viewed for a minimum of 25 seconds, and the total amount of time that is spent on that page. Other pieces of data (such as type of content being viewed) are included and sent to the Brave ledger system, which records and sends payments to the publisher and user based on the final attention score.

This process enables BAT to more effectively measure user attention and accurately reward publishers and users.

The company also boasts its use of Machine learning to provide a superior process for tracking user activity in order to share more relevant ads.

Today, digital ad services use Cookies and other 3rd party trackers, which often fail by serving ads for products that users have already bought.

According to the New York Times, $23 of the average users monthly phone bill goes towards paying for the bandwidth spent on ads and trackers, resulting in 21% less battery life.

Data from the following publishers shows how the cost of downloading ads + tracking is a large portion of the cost of content:

Image Source: brave.com

As Brave Co-founder Brendan Eich describes it, “we’re paying to be bothered by ads”. The Brave browser significantly reduces bandwidth by blocking irrelevant ads while serving only those that fit the users interests based on attention monitoring within their device.

BAT also aims to displace advertising networks (or 'ad exchanges’). These middlemen help broker deals between publishers seeking ads, and advertisers seeking publishing space.

Image Source: liesdamnedlies.com

However through this process, what is gained in efficiency is lost in the quality of ads shown to relevant users.

The more advertising networks exist to broker deals between publishers and advertisers in the system, the further advertisers and publishers are separated from each other, which results in more impersonal ads being shown to the wrong people purely for the sake of these middlemen exchanges earning more money.

Image Source: liesdamnedlies.com

BAT completely decentralizes these ad networks, enabling publishers and advertisers to deal with each other directly through the BRAVE browsers attention monitoring technology, which increases the quality of ads shown while maintaining efficiency.

Image Source: BAT Whitepaper

BAT, like most other tokens, can be applied as a utility in the Brave browser platform, or traded for Bitcoin and other coins on public exchanges like Binance.

Brave has plans to provide multiple use cases for users holding BAT tokens. For example, Publishers will be able to offer premium content for those who pay using BAT. Users will also be rewarded with tokens for promoting the publishers content themselves.

Brave Browser V1.0 ReleasedThe Brave browser spent a long time in its beta period, but the first Brave 1.0 production version was finally released on November 13, 2019. This is a turning point for the internet, because this Brave browser is a speed demon, and heavily focused on the privacy of its users. With a cavalier approach to ad-blocking and the promise of BAT payouts, the Brave browser is now on the cusp of an explosion.

With more than 8 million global users already, the Brave 1.0 browser promises users speed, privacy, and improved battery life for their mobile devices.

There are two very clear reasons why Brave is now the leading browser on the market, and neither one has to do with the potential for earning BAT by using the browser.

Here’s what really makes Brave a special browser.

No Tradeoff between Speed & SecurityBrave is by far the fastest browser available for any operating system, whether used on a mobile device or a desktop machine. The memory usage of the browser is exceptionally low, and websites load far faster as well. Brave claims loading times are 3-6x faster than other browsers, and I can tell it’s true.

The foundation of Brave’s speed comes from the suite of built-in privacy and security features. You’ve all probably experienced websites loaded with advertisements, trackers, pop-ups, and banners that slow your device to a crawl as it tries to wade through the mountains of extraneous code. And while you can add plugins that block advertisements and trackers on Chrome and Firefox, the Brave browser runs these features by default.

Brave Compared to Chrome for Loading Speeds. Image via Brave

One huge privacy concern recently has been the use of a method known as “fingerprinting” to track user activity all across the internet, which allows advertisers to build a unique and identifiable profile for any tracked user without loading cookies on the computer.

Other browsers have begun to fight back against fingerprinting, and Brave is leading the charge. Besides blocking fingerprinting, the Brave Shield feature also blocks a huge number of invasive advertisements and tracking cookies.

Brave has also sidestepped one common problem found in modern browsers. They can often interfere so greatly with a website to block elements that users are unable to access the content they came to the website for in the first place.

That either means the user has to go elsewhere to find information, or they need to go through the time-consuming and irritating process of disabling security plugins one by one until they can figure out which one is causing the browsing problem.

Choosing which ads to block on the Brave Browser

The Brave privacy suite eliminates the need to go through this painful process and makes it faster and far less annoying to have a secure browsing experience. One click on the Brave icon and users are presented with a small menu that has simplified toggles to turn on and off the extensive security features in the browser settings.

Because the Brave browser is built on the Chromium engine that powers Google Chrome it’s possible to increase privacy even further by adding your own choice of extensions in the same way you would when using the Chrome browser. But just because Brave is built with the Chromium engine it doesn’t mean you’re giving up your data to Google.

Brave has stripped the Google-specific code from its version of the Chromium engine, thus not just blocking outside data from getting in, but also blocking data that’s already inside from getting out. The bottom line is you can use Brave without worrying that it’s sharing all your browsing history with Google.

Brave & BAT PowerAnd here is the feature that attempts to blend user and advertiser needs with privacy concerns and the revenue generated by advertising on websites all across the internet. That feature is Brave Rewards, which users can opt into if they want to support websites with revenue, but still, maintain their privacy.

When opted into Brave Rewards the Brave browser will swap ads on a website with ads of its own. The major difference is the Brave ads don’t track you, and when users view or engage with the ads they get rewarded with BAT tokens.

Brave will keep 30% of the ad revenue spent by advertisers while passing the other 70% on to the Brave users. Users can also utilize the BAT added to their accounts to tip users on a variety of social media and other sites, or by contributing to their favorite websites. For example, Wikipedia is a Brave publisher and can be supported with BAT donations.

Value flow of the BAT Tokens in Ecosystem. Image via BAT whitepaper.

Brave claims the average user can earn roughly $5 per month, with this figure varying based on the region they live in and other factors.

Prior to the release of Brave v1.0 users were unable to withdraw any of the BAT they made using the browser. However it is now possible to withdraw through the cryptocurrency exchange Uphold, and Brave says by next year users will be able to redeem BAT for product discounts, gift cards, and subscriptions, plus more.

Brave has had push-back from advertisers since its inception due to issues with having their content covered. However, when looked at through the eyes of the user trying to avoid the increasing surveillance of corporations, the BAT model is a good one. And considering there are now thousands of advertisers using Brave, even though some are just testing at this point, it seems Brave is here to stay.

The one thing needed now is more users. While 8 million is a good start, it’s a long way from the 250 million users of the Mozilla Firefox browser or the more than 1 billion Google Chrome users.

History and TeamBrendan Eich founded Brave Software in 2017. As the creator of JavaScript and co-founder of Firefox, he’s certainly proven capable of developing large scale and disruptive software when it counts.

In the same year it was founded, the BAT token raised an impressive $35million in just under 30 seconds during their ICO.

Some of the Brave Team Members. Image via Brave.

They have since secured early partners and brought on top talent developers and executives. Other key members of the team include:

Brian Bondy – Lead Developer, co-founded Brave. Previously: Khan Academy, Mozilla, and Evernote.Yan Zhu – Chief Information Security Officer.Holli Bohren – Chief Financial Officer.BAT is headquartered in San Francisco, with an additional office in London. As of December 2019, their workforce has grown to over 100 employees.

CompetitionBrave has a few competitors in the Blockchain space disrupting digital advertising.

Papyrus and Adshares both offer similar Blockchain based advertising ecosystems. The main difference is that they focus primarily on publishers and advertisers, leaving users out of the equation.

Braves toughest challenge however will come from the fierce competition it faces in the web and mobile browser space.

Image Source: brave.com

As of March 2018, Google Chrome, Safari, Internet explorer and Firefox collectively made up about 90% of the browser market. Ad blocking capabilities and even an incentive based token ecosystem are features that any of these browsers could replicate if they choose to.

Brave will have to offer much more in order to be considered a viable alternative for everyday users.

BAT Price PerformanceThe BAT token launched in June 2017 at a price of $0.17. A month later on July 16, 2017 the token hit an all-time low of $0.066209.

It was fortunate timing though as it came just before the great rally in cryptocurrencies at the end of 2017, and BAT hit its all-time high of $0.980702 on January 9, 2018. Of course, from there it dropped throughout 2018 as the entire cryptocurrency space suffered a deep bear market.

2019 saw a recovery early in the year, with BAT reaching $0.44391 by April 21, 2019. Of course, it dropped off those levels but has been holding up fairly well in 2019 compared with many other altcoins.

BAT Price Performance. Image via CMC.

As of early December 2019, it remains above its launch price and is trading at $0.186301 on December 4, 2019. A week early the BAT token had reached $0.277868 as it rallied following the release of the first production Brave browser.

The chart indicates that BATs price (like most other coins) is moving in accordance with the general wave of market sentiment around crypto-currencies. Like most blockchain projects, I believe it will take some time before the technology is validated enough for the token to start defining its own price trends in the crypto-currency market.

BAT Markets & StorageWhen it comes to the markets for BAT, it is quite a popular token and is listed on a number of exchanges including Binance, Coinbase, Bittrex, Huobi etc. However, over 50% of the volume is currently taking place on two of the top exchanges.

This is not one of our preferred exchanges and the fact that the bulk of the trading is taking place here is a potential problem for open market liquidity. It means that these exchanges could have an outsized impact on the market for BAT.

Register at Binance and Buy BAT Tokens

Having said that, the individual liquidity on the order books of exchanges like Binance are pretty deep and liquid. This means that you can execute your orders with relatively little slippage (even for those large block orders).

Once you have your Bat, you’ll need a place to store them safely. The Brave browser uses Uphold to keep your tokens as you earn them for viewing ads, so that’s always an option.

Bat is also an ERC-20 token, so if you already have a wallet that supports this type of token, you can use that. If you don’t, there are plenty to choose from. These include wallets such as MetaMask, MyEtherWallet and hardware wallets such a Trezor / Ledger.

Pros & ConsBased on this review there are a number of opportunities and challenges that I have identified with the Brave browser. These are just my opinion and I encourage you to do your own research.

First, lets take a look at some of the opportunities we have with Brave & BAT:

In true Blockchain fashion, BAT aims to displace the middlemen ad exchanges responsible for polluting the ad experience by creating an incentive based decentralized network where publishers, advertisers and users can more effectively feed off of each other’s needsThe team is highly experienced and has proven to be successful in creating disruptive technologiesBraves browser provides much faster speeds as a result of its ad blocking featuresBraves privacy browser is already up and working with 10 million monthly usersThe browser monitors user attention in real time, while maintaining anonymity and privacy for usersThe public is increasingly becoming more aware of how ads are negatively impacting their experience. This is shown by the rise in ad blocking software globally (600m devices). At the same time, traditional publishers have lost approximately 66% of their ad revenue over the past decadeBrave Daily User Growth. Image via Brave.

However, there are quite a few disadvantages and challenges that the browser could face coming forward. These include some of the following:

BAT is relying on people adopting the Brave browser, which could be trouble because of strong competition from Google Chrome, Safari and Brendan’s former company – Firefox. There have been discussions around of Brave developing a Chrome extension to expose their solution to more users, but no release date has been confirmed.Advertisers may still face challenges with converting users into paying customers. It seems like the profile of a Brave browser user is someone who:Already uses or is interested in using an ad blockerWants a faster browsing experienceWants to get paid for viewing adsWants to see more relevant adsWants to save money on mobile dataAt this time it’s not so clear which of the 5 traits most accurately describe a Brave user. One would have to assume that having access to an ad blocker would be most important.

However in order for Brave to provide advertisers with a higher ROI, they need to attract users who are willing to pay for products they discover through ads, even though they may only be using the service to earn tokens by viewing these ads.

Generally, people who are interested in viewing ads for money usually aren’t in a position to pay for the products being advertised to them, and in the worst case, may seek to manipulate their views in order to earn more tokens.

This could be a concern for advertisers hoping to attract real customers and increase sales by using Brave.

ConclusionBrave browser faces stiff competition from the likes of Google Chrome, Safari, Firefox and others. Although they’re currently showing impressive growth with 8 million monthly users, the browser is going to need to form large strategic partnerships that allow for BAT to become integrated into the browsing experience of everyday users across the web.

At the same time, advertisers are going to need assurance that the incentive-based model being proposed will actually help them convert their ad dollars into product sales, and not just guarantee more ad views.

Although Adblockers and a token-based ecosystem are great value propositions, I believe what will ultimately bring Brave and its Basic attention token to mass adoption is the cost savings from reduced data spent on ad downloads and trackers.

The appeal of a browser that can help people cut down 20% of their monthly phone bill is widespread and could be utilized to form partnerships with mobile data providers like Verizon and AT&T.

Ad downloads and trackers currently cost users $23 a month in mobile data. Braves browser cuts down on these costs significantly through its ad blocking technology.

Based on this knowledge, Brave could partner with AT&T, Verizon, and other mobile data providers to reward customers with a discount on unlimited data plans when they adopt the Brave browser on their mobile phone.

From AT&T and Verizon’s perspective, if customers commit to using a low bandwidth browser, data providers can offer them unlimited data at a lower cost to their business.

AT&T and Verizon could benefit from people paying a slightly lower price for their unlimited data plan ($10 or $15 discount for example) because those same consumers might be saving mobile providers $20 or $30 per account by using the Brave browser to cut down their average monthly data usage by 0.5GB.

Ultimately, the value of Braves browser to AT&T and Verizon would be to help them reduce the cost of serving their customers with unlimited data. Such a partnership could allow Brave and BAT access to several million more users.

There’s currently no mention of a mobile data provider partnership occurring, but as a consumer, I’d definitely be excited about the possibility of Verizon charging me $15 less to use their unlimited data plan by simply switching browsers and purchasing BAT.

It’s too early to tell, but I wouldn’t put it past Brendan and his team to explore discounted mobile data plans as the ideal incentive to encourage more mainstream adoption and increased voluntary ad views on the Brave Browser.

Disclaimer: These are writer opinions and should not be considered investment advice. Readers should do their own research.

Binance's Shanghai leverage contract fee rate surges to 0.66%

Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.

1 seconds ago

US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.

According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.

1 seconds ago

Vice President of Strive: Strategy's STRC Has Essential Differences from the Luna/UST Model

Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."

1 seconds ago

trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

1 seconds ago

Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

1 seconds ago

Forta Network, the largest network of security intel in Web3, believes a new era of safety and adoption in the world of Web3 security will be initiated by AI-powered predictive modeling. And rightly so! Cybersecurity is the global need of the hour, which will only become more effective with cutting-edge artificial security backing it up.

Cyber Threats are a Concern in Web3 Cyber hacks, breaches, and attacks have long troubled Web3 providers and participants, with last year’s statistics revealing the significant impact of these malicious interventions.

In 2023, Web3 hacks and scams resulted in a loss of US$1.83 billion for the ecosystem, with over 750 security breaches reported. Cross-chain bridges, in particular, were hard hit, with thefts amounting to US$788 million across 121 different security events.

This troubling trend did not cease as the calendar turned, with Orbit Bridge, a cross-chain protocol, falling victim to hackers and losing more than US$81.5 million in crypto this year.

Industry analysts predict that such hacks and attacks will persist as long as Web3 players neglect to pay adequate attention to cybersecurity. The coming year could see vulnerabilities such as price oracle manipulation, reward manipulation, stolen private keys, insufficient access control, faulty contract logic, poor input checking, and more.

However, amidst this atmosphere of apprehension, one could also identify silver linings and sources of bright light at the end of the tunnel. Between 2022 and 2023, the quantum of stolen funds in the crypto-web3 ecosystem dropped by 51%, from US$3.7 billion to US$1.8 billion.

This significant drop reflects the efficiency that providers like Forta have brought into the system by introducing best-in-class security mechanisms that embrace AI.

Forta has collaborated with innovative projects like OpenZeppelin, a solution to code, deploy, and operate Smart Contracts to monitor the Web3 world securely. Its FORT token-based crypto-economic incentive system has successfully involved a host of necessary stakeholders, including developers and security researchers.

Additionally, Forta has developed streamlined response systems like the Attack Detector and Scam Detector, which have been instrumental in potentially saving billions of dollars worth of hacks in the past couple of years. Such is its efficacy that if Euler Finance had implemented Forta’s Attack Detector, it could have detected and prevented the infamous US$197 million Euler exploit beforehand.

In terms of leveraging AI, ML, and Deep Learning techniques, Forta has innovatively applied deep learning to enhance threat detection. This is evident through its sentiment analysis bot, capable of deciphering on-chain text messages to alert users to imminent scams or attacks. Significantly, the bot employs a self-supervised deep learning model, where the text input goes through language model embedding and comes out as a learned concept output.

In one of its latest innovations, Forta has also come up with an AI-driven detection bot that can detect phishing scams with remarkable precision. The model harnesses its features to accurately predict an asset’s incoming and outgoing transaction count, block number, and value. Furthermore, it can predict the transaction activity of the addresses’ first-degree neighbors, shedding light on potential money laundering and mass scamming activities.

Accompanying this AI-powered detection bot is an alert system designed to issue a warning whenever a phishing scam is detected. The alert comes with metadata that includes model features and prediction values, in addition to feature generation and prediction response time.

The Way Ahead As cryptocurrencies gain more popularity and their adoption becomes more rampant, Forta believes that AI-powered Web3 cybersecurity solutions will become a must for the rapid evolution of scams. The efficiency of these solutions will be crucial in minimizing risk in a high-stakes economy.

The surge in adoption will inevitably lead to an increase in the volume of data circulating within the system. AI-powered solutions, with their complex algorithmic capabilities, will help make sense of this data and generate highly accurate, data-driven decisions, with AI-powered predictive monitoring ensuring round-the-clock safety.

In short, the synergistic collaboration of sophisticated technologies, like the blockchain and AI, would open up new dimensions in the way we perceive security. But to harness this potential, providers must make efficient use of them. We can see that facilitators like Forta are already prepared for it!

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

Cybersecurity is ‘more important during a period of growth,’ founder says

Upbit and Bithumb Announce 2 New Altcoin Listings, Triggering Price Surges

TROY surged by +70% in 24 hours, and nearly 150% in three days SuperTrend flashed a buy signal for TROY at press time – Will the uptrend hold up?   TROY crypto, the native token of the global crypto brokerage platform Troy Trade, logged +70% gains in a single day. The bullish start to the week was part of a wild upswing over the weekend. In fact, the altcoin pumped by +150% in just three days, rising from $0.0013 to $0.00335. 

However, at press time, a long candlestick wick was on the upper side, indicating likely buyer exhaustion and a possible retracement. So, if the bullish sentiment persists in the short term, what would be the key levels to consider? 

TROY’s potential re-entry levels Source: TROY/USDT, TradingView On the 3-day price chart, the recent uptrend surge above the range formation chalked in mid-2023 and mid-2024. There was price rejection at $0.0035 and a possible headwind at the previous range-high bear of $0.0030 (red zone). 

Should the cool-off continue, TROY could be dragged to the support above $0.002 (white zone). A decisive defense of the level could tip TROY to re-target $0.003. If so, the support could offer re-entry for bulls again, with targets at $0.0030 and $0.0035. 

However, a crack below the 50-day EMA (exponential moving average) of $0.0016 would invalidate the bullish thesis. The drop could extend to the $0.0012 demand level – A key H2 2024 support in such a case. 

SuperTrend flashed ‘BUY’ Source: Coinalyze The SuperTrend indicator flashed a ‘buy’ signal on 26 October, with TROY remaining there since. This suggested that despite the wild run, some extra rally was still possible.

Additionally, the spot CVD (cumulative volume delta) has been northbound for the past three days, indicating strong spot demand.

This corroborated the bullish thesis and the potential for gains, especially if the pullback doesn’t morph into a downtrend. However, a drop below $0.002 would invalidate the bullish outlook. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

TROY was trading near levels last seen in July 2023. The intense demand in recent days, if it continues, could push prices much higher. TROY [TROY] token has gained nearly 72% since Monday’s trading session opened. The preceding week was also strongly bullish, and the token surged by 259% before retracing over the weekend.

The uncertainty around the U.S. elections has kept many investors and traders sidelined, but TROY token was unfazed. The $38.7 million market cap token has been trading since January 2020 and is up nearly 300% in ten days.

Traders should prepare for more gains Source: TROY/USDT on TradingView Since May, the TROY token has been in a downtrend. From the high on the 24th of April to the low on the 25th of October, TROY had shed 58.88% in just over six months. The recent price surge took prices to the highest they have been since July 2023.

The A/D indicator on the daily timeframe noted strong bullishness and high demand. The RSI was beyond the overbought threshold but does not necessarily indicate a pullback is imminent.

Traders can use a bearish divergence between the price and the RSI to sell TROY and re-enter after a pullback.

The Fibonacci levels highlighted the $0.0048 and $0.0059 as the next bullish targets.

The high influx of Open Interest could see long positions hunted Source: Coinalyze The price is up by nearly 300% in ten days and the Open Interest gathered nearly $40 million more in the past 24 hours. It swelled from $4.3 million to $50.57 million, a nearly twelve-fold increase.

This meant that speculators were keenly bullish, but also presented the possibility of a liquidity hunt to flush out overeager bulls.

Is your portfolio green? Check the TROY Profit Calculator

The spot CVD also jumped higher. The demand in the market was high and the low market cap of the asset meant further growth was likely, but holders will need conviction. New entrants must be careful to limit their risk and not get caught bag holding TROY token.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

With the crypto exchange behemoth Binance revealing a vital update on 5 cryptocurrencies on Tuesday, ACT, COW, PNUT, CETUS, & TROY have caught the eyes of market enthusiasts globally. As the exchange announced enhanced trade offerings for the mentioned tokens recently, a tidal wave of market optimism engulfed them. Meanwhile, market participants are extensively eyeing these 5 assets for further gains in light of the enhanced offerings amid a bullish market.

Binance Enhances Offerings For ACT, COW, CETUS, PNUT, & TROY In an official Binance announcement dated November 12, the crypto exchange giant announced that it is expanding the list of choices for its users, primarily for the above-mentioned tokens. As per the announcement, the cryptocurrency trading platform will commence trading for ACT/TRY, COW/TRY, CETUS/TRY, TROY/TRY, and PNUT/TRY trading pairs starting November 13 at 08:00 UTC. Notably, this mover aims to expand accessibility for these assets to global investors amid a highly bullish cryptocurrency market.

Further, the Richard Teng-backed exchange also revealed that it will be enabling trading bot services for specific pairs on the same date and time. The announcement revealed that the exchange will commence taking spot Algo orders for ACT/TRY, COW/TRY, CETUS/TRY, TROY/TRY, and PNUT/TRY on the mentioned date and time. Moreover, spot grid and DCA orders will be starting for the BNB/EUR trading pair.

Overall, the announcement has sparked substantial investor enthusiasm surrounding the mentioned digital assets’ future as it paves the way for increased market participation.

How Are The Tokens Performing? At press time, ACT price soared nearly 45% intraday and is restring at $0.5076. The coin’s 24-hour low and high were $0.3699 and $0.6198, respectively. Further, the token’s weekly chart indicated gains worth 2276%, sparking investor enthusiasm for future movements in light of the enhanced trade offerings.

ACT Price Chart However, COW price slipped 11% intraday and is now trading at $0.3758. The coin’s 24-hour low and high were $0.3733 and $0.4347, respectively. Nevertheless, the cryptocurrency’s weekly chart showed gains worth 52%, aligning with the coin’s recent listing on Binance. CETUS price tanked 19% intraday and is now sitting at $0.324. The coin’s 24-hour low and high were $0.3115 and $0.4061, respectively. Notably, even this coin’s weekly chart indicated gains worth 85%, aligning with its listing on an exchange.

COW price Besides, PNUT price dropped 7% in the past 24 hours and is now trading at $0.4151. The coin’s 24-hour low and high were $0.3328 and $0.5354, respectively. Intriguingly, the coin’s weekly chart underscores gains worth 750%, aligning with a similar listing chronicle on a crypto exchange.

CETUS Price Lastly, TROY price traded at $0.004692, up nearly 1% intraday. Overall, it’s worth mentioning that the crypto exchange’s past listings fueled a positive impact on the asset’s price. In turn, market watchers anticipate a sustained pump in the prices of the mentioned tokens, primarily in the wake of enhanced offerings by one of the leading cryptocurrency exchanges.

Cryptocurrency exchange Binance announced that it will suspend deposits for the altcoin TROY (BSC) starting January 2, 2025. This decision was made due to a potential security issue related to the TROY-BEP20 token contract. The exchange emphasized that this action was taken to ensure user security.

Binance Ends Support on BSC NetworkBinance stated that it will no longer support TROY coin deposits through the BNB Smart Chain (BSC) network. The company mentioned that it attempted to communicate with the project team to verify the collateral situation concerning coins issued on the BSC network. However, it was emphasized that the project team did not provide adequate explanations regarding the matter.

Binance TROY (BSC) AltcoinThe cryptocurrency exchange specified that it would only resume deposits for TROY once it is deemed secure. Additionally, it was noted that no separate announcement would be made regarding this issue.

Ethereum Network Transactions UnaffectedOn the other hand, Binance announced that users can continue to deposit and withdraw TROY through the Ethereum $1,623 network. The cryptocurrency exchange indicated that these services are not affected by the aforementioned security concerns. Binance also added that it aims to contribute to the transparency and sustainable growth of the cryptocurrency ecosystem while prioritizing user safety.

Such actions in the cryptocurrency market are a continuing concern for users. Measures taken by major exchanges like Binance are significant for the reliability of the sector. Users must closely monitor such announcements and plan their transactions accordingly.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Key NotesThe TROY team has announced that there are no plans to sell the project instead they are in the process of acquiring an AI-agent project.TROY is backed by several venture capitals and is offering $10 million for AI project builders. Binance, the leading cryptocurrency exchange by daily trading volume and over 250 million globally registered users, has announced the suspension of TROY deposits on the BSC network immediately. According to the announcement, the deposits of TROY were suspended on January 2, 2025, due to a potential security risk on the BSC network-based smart contract.

Binance highlighted that the TROY team has not verified the collateral of the minted tokens on the BSC network, thus leading to the suspension.

“Unfortunately, the project team has not provided sufficient clarification regarding this issue at the time,” Binance noted.

The cryptocurrency exchange highlighted that it may reopen the deposits of TROY if the BEP20 smart contract is deemed safe for the users. Meanwhile, the TROY deposit and withdrawals on the Binance exchange through the Ethereum (ETH) network will not be impacted. As a result, the 1,794 TROY holders in the BSC chain can transfer their assets to the ERC20 version and join the 2,390 holders.

Market Impact on the Troy Ecosystem Following the suspension announcement by the Binance exchange, TROY price dumped more than 43 percent in the past 24 hours to trade about $0.00436 on Friday, January 3, during the early New York session. The small-cap altcoin, with a fully diluted valuation of about $43 million, experienced a sharp spike in daily average traded volume to over 558 million, thus the volume-to-market cap ratio of about 1460 percent.

The Troy team has, however, responded with a statement on X that the rumors of project sales are inaccurate. Moreover, the Troy team is ostensibly in the process of acquiring another AI project to enhance its growth amid the mainstream adoption of digital assets and web3 projects.

Dear TROY users and investors,

The rumors circulating in the market about TROY being acquired are inauthentic and not supported by any evidence.

Currently, TROY is in the process of acquiring another AI Agent project. The acquisition is still ongoing.

— TROY AI(The Pure Joy of AI) (@TROY_DAO) January 3, 2025

The Troy project combines the advanced tech of artificial intelligence with community-driven meme tokenomics. The TROY DAO uses the TROY token to integrate the NFT, and GamiFi elements for the members of the Troy Play.

The suspension of TROY deposits on the Binance exchange will have an adverse effect on the token’s liquidity ahead.

Furthermore, the BEP20 version is much cheaper to operate for users compared to the ERC20 version. Meanwhile, the Troy team continues to build the TROY War game with the help of AgenLayer, a decentralized autonomous AI agent network.

The Troy team has been backing an AI grant program with $10 million for projects seeking to build innovative solutions. Backed by Signum Capital, AlphaCoin Fund, and Neo Global Capital, the Troy team is well-positioned to build disruptive AI-backed web3 projects in the future.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Let’s talk web3, crypto, Metaverse, NFTs, CeDeFi, meme coins, and Stocks, and focus on multi-chain as the future of blockchain technology. Let us all WIN!

Steve Muchoki on LinkedIn

Binance has suspended deposits for the TROY token on the Binance Smart Chain (BSC) due to a potential security issue related to the BEP20 token contract

Binance has suspended deposits for the TROY token on the Binance Smart Chain (BSC) due to a potential security issue related to the BEP20 token contract. The announcement was made earlier today to protect users from potential risks.

This decision follows observations of unusual activity surrounding TROY, which has been noted for its volatility in recent trading sessions. The suspension aims to ensure user safety as Binance investigates the situation further.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are poised to introduce groundbreaking legislation on stablecoins.

The bill’s success could herald a new era of financial innovation and stability, aligning with the dynamic needs of the digital economy.

How New Stablecoin Bill Aims to Eradicate MalpracticesThe Senators’ announcement at the Bitcoin Policy Summit in Washington marks a pivotal moment in cryptocurrency regulation. According to Forbes, the Senators plan to unveil the bill later this week or next week.

Amid the regulatory turmoil affecting companies like Coinbase and Binance, this legislative effort is timely. It also addresses the ongoing disputes between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). These agencies have been at odds over crypto classification and control.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

Gillibrand and Lummis, leveraging their expertise, previously advocated for the Responsible Financial Innovation Act. This act sought to establish a comprehensive regulatory framework for crypto assets. Moreover, it proposed classifying most cryptocurrencies as commodities, thus under the CFTC’s jurisdiction.

Nonetheless, the new stablecoin bill aims to enhance industry integrity and allows nondepository institutions to issue stablecoins under strict regulatory conditions. Consequently, this ensures the industry’s safety and promotes innovation.

“We’re making sure that state and federal regulators have the oversight authority to weed out bad actors while still promoting growth and innovation. And we’re requiring that all issuers make sure that the reserves are back to one-to-one,” Gillibrand said.

The bill outlines two issuance paths for stablecoins. Depository institutions could issue them, following federal and state bank charter regulations. Alternatively, non-depository institutions would be under federal oversight, with states playing a significant regulatory role.

Gillibrand emphasizes the bill’s balanced nature, which is crafted through compromise. It seeks to align the interests of the state entities and the crypto sector.

The stablecoin legislation represents a broader vision for the cryptocurrency market’s integration into the financial mainstream. Stablecoins, as per Gillibrand, could be the regulatory keystone. They might unlock the full potential of cryptocurrencies, leading to a more inclusive financial system.

Read more: A Guide to the Best Stablecoins in 2024

Moreover, ongoing negotiations highlight the importance of bipartisan and bicameral support. Key political figures, including Patrick McHenry (R-N.C.) and Maxine Waters (D-Calif.), are actively involved in these discussions. Previously, these lawmakers have maintained a crypto-friendly stance.

Although many members of the cryptocurrency community had been looking forward to the United States Securities and Exchange Commission (SEC) finally approving spot Bitcoin (BTC) exchange-traded funds (ETFs) as the sign of the crypto assets’ wider acceptance, not everyone is on board.

As it happens, renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, stated he would not be buying Bitcoin through a spot ETF for the same reason he did not own any “gold or silver ETFs or REITs,” according to his X post on April 12.

Furthermore, he voiced his opinion that “ETFs are best for most people and institutions” but, as an entrepreneur, he preferred to “stay as far away from Wall Street’s financial products as possible” because he wanted to keep the responsibility for his potential mistakes in his own hands:

“Packaging my own financial products is best for me because packaging my own securities requires me to be smarter than most ETF buyers. It is what is best for me. If I F’ up, I have no one to blame but me. The more important question is ‘what is best for you.’”

BTC ETFs in eyes of others Meanwhile, American economist Peter Schiff has dismissed spot Bitcoin ETFs as one of the reasons why Bitcoin was likely to crash as more of the maiden crypto asset is entering them, also expressing his view that they are a “godsend for foreign central banks,” as they “have siphoned investor demand away from gold.”

On top of that, Schiff believes that the recent Bitcoin rally, that has followed gold rising to new all-time highs (ATHs) was nothing more but a ploy to “sucker ETF investors into buying the gap up,” advising his followers to “get ready for the dump” by replacing all their Bitcoin with precious metals.

That said, at press time, the price of Bitcoin stood at $70,643, recording a slight increase of 0.06% on the day, and gaining 5.26% across the previous week while accumulating a loss of 3.81% over the past month, according to the most recent charts on April 12.

Ultimately, whether investing in Bitcoin through a spot BTC ETF is a good choice or not depends on the individual or organization interested in it, and while entrepreneurs like Robert Kiyosaki prefer a more direct exposure without any intermediaries, others might find safety in the indirect approach.

Regardless of where one stands in this debate, it is critical to do detailed research and in-depth risk analysis before devoting a significant part of one’s portfolio to any asset, be it a cryptocurrency, an exchange-traded fund, or anything else.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

Copy top-performing traders in real time, automatically.

eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!

2 mins read April 15, 2024

Bipartisan effort demands transparency from CFTC leadership. The inquiry focuses on the extent of regulator-crypto interactions. The disclosure was critical for future regulatory and market reforms. In a bipartisan approach, Senators Elizabeth Warren(D-Mass) and Chuck Grassley (R-Iowa) have written a formal letter to the chair of the U.S. Commodity Futures Trading Commission (CFTC) Rostin Behnam requesting details of communications between the CEO of the crypto exchange FTX, Mr.Sam Bankma-Fried and him. The accusation came as Bankman-Fried was sentenced to 25 years before a multi-billion-dollar fraud last month.

Senators demand extensive details on CFTC and CEO FTX communications The senators hereby seek to inquire into the records peculiar to the engagement of the CFTC members, Sam Bankman-Fried, and any of his employees all through Behnam’s tenure. Members of the parliament have numerous ways of approaching this, such as setting up meetings, phoning if necessary, laying out messages verbally and in writing, and including official as well as private communication channels. 

Such inquiry in the letter attempts to explore how deeply CFTC was informed and actively involved with Bankman-Fried prior to his being reckless with Cryptocurrency that resulted in the occurrence of FTX implosion in the month of November 2022.

During bearing testimony to the US Senate Agriculture Committee just after a few times in becoming of FTX’s downfall, Behman revealed last year to the media that he and his team directed meetings with Bankman-Fried and his associates approximately ten times in CFTC offices and exchanged many messages. 

Impacts of regulatory oversight and market honesty Nevertheless other investigations from senators, especially from Senator Josh Hawley’s (R-Mo.) quest has shown a need for more transparency as to how these multilateral dialogues are conducted.

The senators’ query demonstrate the ambiguous regulatory theme area surrounding digital currency in the innovative crypto market. Therefore, the swiftness and level of lawmakers to push for a detailed timeline on the CFTC’s relations with FTX and related entities becomes a mode to asses regulatory enforcement lapses and a sharped up framework for protecting American investors.

Disclosing all those details is essential for blocking not only these financial crimes but also other ones if possible. In particular, the response from the CFTC is vital for Congress to outline how such large fraud as the one in question could happen and take the steps to improve investors’ attention on their assets.

The CFTC has been allotted a term of 30 days up till 29th of April 2024 to give a reply to the senators’ AUP. The outcome of this petition may have profound consequences on revealing the levels of market transparency or the regulatory schemes that are introduced to serve as watchdogs over the rapidly growing field of cryptocurrencies.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.

Share this article

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Emman Omwanda

Emmanuel Omwanda’s expertise lies in cryptocurrency markets, spanning both fundamental and technical analysis. He previously worked with various crypto media sites before joining Cryptopolitan, including CoinEdition, The Crypto Basic, CryptoNews Flash, and DroomDroom.He holds a Bachelor of Science (BSc.) in Mathematics and Computer Science from Kenyatta University, Kenya, and is currently in his final year pursuing a Bachelor of Arts in Communication and Media Studies.

ETH Liquid Restaking Protocol YieldNest Raises $5.2M in Contribution Round