🚀 Aevo Denies Paying $1000 to Remove Negative Reviews
#Aevo #DerivativesTrading #NegativeReviews #ForesightNews #SocialMedia #Influencers
According to Foresight News, derivatives trading platform Aevo has responded to recent allegations that it paid $1000 to have negative comments removed. The Chinese-speaking community of Aevo addressed these claims on social media, stating that the screenshot circulating online is not genuine. Aevo clarified that it does not pay influencers to delete unfavorable reviews.#Aevo #DerivativesTrading #NegativeReviews #ForesightNews #SocialMedia #Influencers
🚀 Ethereum(ETH) Surpasses 2,300 USDT with a 0.66% Increase in 24 Hours
#Ethereum #ETH #USDT #Cryptocurrency #Binance #MarketData #Trading
On Sep 09, 2024, 06:39 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,300 USDT benchmark and is now trading at 2,300.340088 USDT, with a narrowed 0.66% increase in 24 hours.#Ethereum #ETH #USDT #Cryptocurrency #Binance #MarketData #Trading
🚀 Moscow Exchange Opts Out Of Russian Cryptocurrency Trading Pilot
#MoscowExchange #cryptocurrency #tradingpilot #Russia #StPetersburgExchange #digitalcurrency #centralbank
According to Odaily, the Moscow Exchange (MOEX), Russia's largest securities market, has decided not to participate in the country's cryptocurrency trading pilot program. This decision comes after the Russian State Duma passed a bill in July allowing digital currency trading on exchanges regulated by the central bank. In contrast to MOEX's stance, the St. Petersburg Exchange (SPB Exchange) has announced its active participation in the pilot project.#MoscowExchange #cryptocurrency #tradingpilot #Russia #StPetersburgExchange #digitalcurrency #centralbank
🚀 Drift Protocol Proposes Use Of Unclaimed Tokens For Adoption Fund
#DriftProtocol #Solana #DeFi #CryptoAdoption #Governance #FUELFund #DRIFTtokens
According to Odaily, the decentralized perpetual contract platform Drift Protocol, which is based on Solana, has initiated a proposal on Realms. The proposal seeks to utilize approximately 8.2 million unclaimed and confiscated DRIFT tokens to launch the Drift FUEL Fund. This fund aims to incentivize the adoption of Drift Protocol. However, the specific allocation of these tokens will still need to be determined through governance.#DriftProtocol #Solana #DeFi #CryptoAdoption #Governance #FUELFund #DRIFTtokens
🚀 Nigeria SEC To Enforce Regulations On Crypto Platforms
#Nigeria #SEC #CryptoRegulation #Cryptocurrency #InvestorProtection #MarketCompliance #EnforcementActions #CryptoPlatforms #FinancialRegulation
According to Foresight News, the Nigerian Securities and Exchange Commission (SEC) has announced plans to initiate enforcement actions against all individuals and business entities, including cryptocurrency trading platforms operating outside its regulatory framework. The SEC emphasized its commitment to regulating the market and ensuring compliance from all participants.
The regulatory body stated, 'We will certainly take enforcement action against anyone who does not intend to be regulated but wants to operate in this market. For those who do not wish to comply with the rules, we will not allow them to operate within our jurisdiction.' This move underscores the SEC's determination to maintain order and protect investors in the rapidly evolving cryptocurrency sector.
The announcement comes amid growing concerns about the unregulated nature of many cryptocurrency platforms and the potential risks they pose to investors. By enforcing these regulations, the SEC aims to create a safer and more transparent market environment. The commission's actions are expected to have significant implications for the cryptocurrency industry in Nigeria, as it seeks to balance innovation with investor protection.#Nigeria #SEC #CryptoRegulation #Cryptocurrency #InvestorProtection #MarketCompliance #EnforcementActions #CryptoPlatforms #FinancialRegulation
🚀 Nal Secures $10 Million Seed Funding For Blockchain Network Development
#Nal #Blockchain #Web3 #Funding #DigitalAssets #Crypto #Infrastructure #Innovation
According to BlockBeats, on September 9, the modular blockchain network Nal successfully raised $10 million in seed funding. This round of financing will be allocated towards the enhancement and iteration of its infrastructure and products.
Nal is a modular blockchain network designed to create a new ecosystem for Web3 applications, supporting 'new assets' in 'diverse scenarios' with seamless transactions. By offering inclusive and secure product-level solutions, Nal aims to facilitate the efficient issuance, low-cost trading, and transparent distribution of digital and crypto assets. The network's products are designed to integrate directly into commercial scenarios, providing end-to-end services for clients.#Nal #Blockchain #Web3 #Funding #DigitalAssets #Crypto #Infrastructure #Innovation
🚀 Ripple's RLUSD Stablecoin Initially Available Only to Institutions
#Ripple #RLUSD #Stablecoin #InstitutionalClients #DavidSchwartz #MarketManipulation #MoneyLaundering #BradGarlinghouse
According to BlockBeats, on September 9, Ripple's Chief Technology Officer David Schwartz confirmed that the upcoming stablecoin RLUSD will initially be available exclusively to institutional clients. Schwartz addressed concerns about market manipulation and money laundering, emphasizing the safeguards in place for RLUSD. He stated, 'I believe such scenarios are unlikely to occur, except perhaps during very early testing phases before anyone uses it to transfer or store value.'
Previously, on September 4, Ripple's CEO Brad Garlinghouse announced that the RLUSD stablecoin is set to launch in the coming weeks.#Ripple #RLUSD #Stablecoin #InstitutionalClients #DavidSchwartz #MarketManipulation #MoneyLaundering #BradGarlinghouse
🚀 Merlin Chain Reports Significant Growth and Future Plans
#MerlinChain #Bitcoin #Layer2 #Crypto #Blockchain #CrossChain #TVL #DEX #Transactions #Security #Ecosystem #CommunityDevelopment #CryptoGrowth #OnChain
According to Foresight News, Bitcoin Layer 2 network Merlin Chain has released its semi-annual report, highlighting substantial growth and future plans. The report reveals that the network's cross-chain volume reached $16 billion, with 1.9 million on-chain addresses and 12.7 million transactions. Within 50 days of its mainnet launch, the Total Value Locked (TVL) surpassed $3.9 billion, with 88% comprising native assets like BTC and Ordinals. The market value of M-BTC in the first half of the year reached $1.2 billion. Additionally, $16 billion worth of Bitcoin was cross-chained, spot trading amounted to $1.6 billion, and perpetual contract trading reached $1.4 billion. The asset trading volume exceeded $3 billion, and DEX liquidity surpassed $78 million. Merlin Chain has also introduced a comprehensive security framework and on-chain architecture, collaborating with industry leaders such as Celestia, Cobo, and SlowMist to create a secure and transparent on-chain environment. The release rate of MERL tokens will significantly slow down in the second half of the year, with only 0.4% being released over the next 12 months. Merlin Chain plans to continue its efforts in technology, ecosystem, and community development in the second half of the year to further advance the Bitcoin ecosystem.#MerlinChain #Bitcoin #Layer2 #Crypto #Blockchain #CrossChain #TVL #DEX #Transactions #Security #Ecosystem #CommunityDevelopment #CryptoGrowth #OnChain
🚀 Metabit Network Announces Token Burn And Buyback Plans
#MetabitNetwork #BMTC #TokenBurn #Buyback #Blockchain #Cryptocurrency #TokenEconomics #MarketPerformance #CommunityAssets
According to BlockBeats, on September 9, the public blockchain project Metabit Network announced measures in response to recent significant price fluctuations of its BMTC token. These fluctuations were attributed to malicious actions by former team members amid strategic conflicts. The foundation emphasized its responsibility to the project and the protection of community assets, outlining the following steps:
BMTC Token Burn Plan
The total issuance of BMTC tokens is 1 billion, with 150 million in circulation. Of these, 70 million tokens were released through IDO, seed rounds, institutional rounds, the foundation, and the team. After active communication with these parties, an agreement was reached to destroy 35 million tokens within seven days, accounting for 23.6% of the circulating supply.
This burn plan includes 70% of the tokens released by the foundation, 60% of the team-released tokens, and 50% of the institutional round tokens. Additionally, the foundation reached a consensus with some seed round and IDO investors to participate in this burn.
Buyback Plan
Recently, the foundation repurchased 1.1 million tokens from exchanges, which will also be included in the burn plan.
Future Burn Commitment
Moving forward, the foundation commits to further token burn plans to continuously optimize the BMTC ecosystem and market performance.#MetabitNetwork #BMTC #TokenBurn #Buyback #Blockchain #Cryptocurrency #TokenEconomics #MarketPerformance #CommunityAssets
🚀 Bitcoin(BTC) Surpasses 55,000 USDT with a 1.00% Increase in 24 Hours
#Bitcoin #BTC #55k #USDT #cryptocurrency #Binance #marketdata #trading #increase
On Sep 09, 2024, 07:53 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 55,000 USDT benchmark and is now trading at 55,000.011719 USDT, with a narrowed 1.00% increase in 24 hours.#Bitcoin #BTC #55k #USDT #cryptocurrency #Binance #marketdata #trading #increase
🚀 WisdomTree Bitcoin ETF Transfers 3,653 BTC to Unmarked Address
#wisdomtree #bitcoin #btc #etf #arkham #cryptocurrency #blockchain #investment #BTC
According to Odaily, Arkham monitoring data reveals that WisdomTree's Bitcoin Exchange-Traded Fund (BTCW Bitcoin ETF) transferred 3,653 BTC to an unmarked address beginning with bc1q9v last week. The transferred Bitcoin is valued at approximately $2.0979 million. This marks the first outbound transaction from the WisdomTree Bitcoin ETF address in the past month.#wisdomtree #bitcoin #btc #etf #arkham #cryptocurrency #blockchain #investment #BTC
🚀 SunPump Platform Introduces New Ranking Feature
#SunPump #RankingFeature #TokenLaunch #MarketCapRanking #PriceIncrease #TradingVolume #SunSwapV2 #TRX
According to Odaily, SunPump has launched a new ranking feature on its platform. This feature allows users to access various key data points, including 'Launching Soon,' 'MarketCap Ranking,' '24H Price Increase,' and '24H Trading Volume in TRX.' The 'Launching Soon' section indicates that when the progress bar reaches 100%, the related token will be officially deployed on SunSwap V2.#SunPump #RankingFeature #TokenLaunch #MarketCapRanking #PriceIncrease #TradingVolume #SunSwapV2 #TRX
🚀 Bitcoin Surpasses $55,000 With 1.01% Increase In 24 Hours
#Bitcoin #Cryptocurrency #PriceIncrease #MarketTrend #Investment #Volatility #Growth #BTC
According to BlockBeats, Bitcoin has experienced a notable rise, climbing above $55,000. The cryptocurrency saw a 1.01% increase over the past 24 hours, reflecting a positive trend in the market. This development marks a significant recovery for Bitcoin, which continues to attract attention from investors and analysts alike. The recent price movement underscores the ongoing volatility and potential for growth within the cryptocurrency sector.#Bitcoin #Cryptocurrency #PriceIncrease #MarketTrend #Investment #Volatility #Growth #BTC
🚀 ETH Net Outflow From Derivatives Exchanges Surpasses 40,000
#ETH #NetOutflow #DerivativesExchanges #CryptoQuant #AmrTaha #SellingPressure #ShortPositions
According to Foresight News, CryptoQuant analyst Amr Taha has reported that derivatives exchanges have recently experienced a net outflow of over 40,000 ETH. This significant movement could indicate a reduction in selling pressure for ETH or a decrease in the borrowing amount for newly opened short positions.#ETH #NetOutflow #DerivativesExchanges #CryptoQuant #AmrTaha #SellingPressure #ShortPositions
🚀 Bitcoin Fear And Greed Index Hits Peak Fear Level
#Bitcoin #FearAndGreedIndex #PeakFear #Matrixport #CPIData #USPresidentialDebate #BTC
According to Foresight News, Matrixport has tweeted that the Bitcoin Fear and Greed Index has once again reached peak fear levels. Historically, Bitcoin tends to rebound after hitting such levels of peak fear. This week, potential catalysts include the U.S. presidential debate on Tuesday and the CPI data report on Wednesday.#Bitcoin #FearAndGreedIndex #PeakFear #Matrixport #CPIData #USPresidentialDebate #BTC
🚀 Bitroot Network Secures $1 Million Investment From Moore Labs
#BitrootNetwork #MooreLabs #investment #Bitcoin #financialecosystem #digitalassets #decentralizedplatform #wealthmanagement #cryptocurrency
According to BlockBeats, on September 9, Bitroot Network announced that it has received a $1 million investment from Moore Labs. This funding aims to advance the development of the Bitcoin financial ecosystem. The investment not only signifies Moore Labs' further expansion in the digital asset sector but also provides Bitroot Network with opportunities to expand its market presence and enhance its influence, solidifying its important position within the Bitcoin financial ecosystem. This capital injection will offer Bitroot Network greater growth potential.
Bitroot Network is a decentralized platform focused on asset issuance and core financial networks within the Bitcoin ecosystem. It provides services for the issuance of core assets, wealth management, and innovative applications.
Moore Labs, initiated by the Singapore-based Moore Foundation, manages approximately $500 million in digital assets. The organization is dedicated to simplifying investment and entrepreneurial processes, offering an efficient support platform for investors and startups, and promoting innovative projects in the cryptocurrency field.#BitrootNetwork #MooreLabs #investment #Bitcoin #financialecosystem #digitalassets #decentralizedplatform #wealthmanagement #cryptocurrency
🚀 Oasys Announces Major Upgrade to Layer 1 Hub Layer in September
#Oasys #blockchain #gaming #Layer1 #HubLayer #upgrade #networkperformance #userexperience #blocktime #v1.5.0 #validators #applications
According to Odaily, blockchain gaming platform Oasys has announced a significant upgrade to its Layer 1 (Hub Layer) scheduled for September. The v1.5.0 update will reduce block time from 15 seconds to 6 seconds, aiming to enhance network performance and user experience in response to the increasing activity on the Verse Layer.
Oasys stated that the reduction in block time will double the processing capacity of the Hub Layer per unit of time, which will help support the growing number of users, games, and applications. However, the faster block generation may lead to increased operational costs for validators.#Oasys #blockchain #gaming #Layer1 #HubLayer #upgrade #networkperformance #userexperience #blocktime #v1.5.0 #validators #applications
🚀 Tokocrypto Secures Regulatory Approval in Indonesia
#Tokocrypto #Binance #Indonesia #CryptoAsset #RegulatoryApproval #Bappebti #Web3 #CryptoMarket #InvestorTrust #TradingVolume #Cryptocurrency
According to BlockBeats, on September 9, Binance's Indonesian cryptocurrency exchange platform, Tokocrypto, received a Physical Crypto Asset Trader (PFAK) license from the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti). This achievement underscores Tokocrypto's commitment to regulatory compliance and building investor trust.
The PFAK license permits Tokocrypto to operate as a physical crypto asset trader, marking a significant milestone in the development of Indonesia's Web3 industry. This regulatory approval is expected to enhance the platform's credibility and attract more users to the burgeoning crypto market in the region.
Tokocrypto has seen substantial growth this year, with its user base surpassing 4.5 million and a 138% increase in average monthly trading volume. This growth reflects the increasing interest and adoption of cryptocurrency trading in Indonesia, further solidifying Tokocrypto's position in the market.#Tokocrypto #Binance #Indonesia #CryptoAsset #RegulatoryApproval #Bappebti #Web3 #CryptoMarket #InvestorTrust #TradingVolume #Cryptocurrency
🚀 Bitcoin Price Movements Could Trigger Significant Liquidations
#Bitcoin #Liquidation #Cryptocurrency #CEX #PriceMovements #BlockBeats #Coinglass #ShortPositions #BTC
According to BlockBeats, data from Coinglass indicates that if Bitcoin's price rises above $57,000, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $786 million.
Conversely, if Bitcoin's price falls below $53,000, the cumulative liquidation intensity of short positions on major CEX will amount to $1.303 billion.
BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to adjacent clusters, indicating intensity.
Therefore, the chart illustrates the extent to which the target price reaching a certain level will be affected. Higher 'liquidation bars' suggest that the price reaching that level will result in a more intense reaction due to liquidity waves.#Bitcoin #Liquidation #Cryptocurrency #CEX #PriceMovements #BlockBeats #Coinglass #ShortPositions #BTC
🚀 Bitcoin Mining Stabilizes Power Grids and Boosts Renewable Energy Utilization
#Bitcoin #Mining #PowerGrids #RenewableEnergy #EnergyEfficiency #Texas #GridStability #SurplusEnergy #EnvironmentalImpact #Japan #CarbonNeutrality #TokyoElectricPower #AgileEnergyX #BTC
According to Odaily, Pierre Rochard, Vice President of Research at Riot Platforms, highlighted that in Texas, excess electricity production has occasionally driven prices down to zero. Bitcoin miners have been able to absorb this surplus energy, effectively stabilizing the power grid. This analysis comes amid ongoing criticism of Bitcoin mining for its energy consumption and environmental impact. However, it also offers significant benefits, particularly in terms of grid stability and energy efficiency. A key advantage is that Bitcoin miners can quickly turn their mining equipment on and off, responding to fluctuations in energy demand.
In related news, Agile Energy X, a subsidiary of Tokyo Electric Power Grid, announced earlier today that it has begun installing Bitcoin mining equipment next to solar power plants in Tochigi and Gunma prefectures. This initiative aims to utilize surplus renewable energy for mining experiments. If 10% of this energy is used for Bitcoin mining, it is expected to generate approximately 360 billion yen (2.5 billion USD) in annual revenue. This move seeks to address the issue of power wastage due to the volatility of renewable energy generation while supporting Japan's goal of achieving carbon neutrality by 2050.#Bitcoin #Mining #PowerGrids #RenewableEnergy #EnergyEfficiency #Texas #GridStability #SurplusEnergy #EnvironmentalImpact #Japan #CarbonNeutrality #TokyoElectricPower #AgileEnergyX #BTC