Genesis Hits the Wall with $2 Billion Settlement, Shown the Door in New York

FMAS:24 | Sneak Peak


FMAS:24 | Sneak Peak

FMAS:24 | Sneak Peak


FMAS:24 | Sneak Peak

FMAS:24 | Sneak Peak


FMAS:24 | Sneak Peak

Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.

From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.

Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D

#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica

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Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.

From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.

Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D

#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica

📣 Stay updated with the latest in finance and trading!

Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:

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Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.

From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.

Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D

#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica

📣 Stay updated with the latest in finance and trading!

Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:

🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!


Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.

From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.

Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D

#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica

📣 Stay updated with the latest in finance and trading!

Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:

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Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.

From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.

Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D

#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica

📣 Stay updated with the latest in finance and trading!

Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:

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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!


Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.

From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.

Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D

#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica

📣 Stay updated with the latest in finance and trading!

Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:

🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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#Genesis #Hits #Wall #Billion #Settlement #Shown #Door #York

Top Ethereum ETF Applications

Get ready to dive into the world of Ethereum ETFs that are currently awaiting approval from the SEC. This means that companies have applied to create investment funds that track the price of Ethereum, similar to how ETFs track the prices of stocks or commodities. Understanding these applications and approvals can provide insights into the growing interest in cryptocurrencies among traditional investors. Stay tuned to learn more about this evolving landscape!

1. BlackRock

BlackRock, the largest asset manager globally, submitted an S-1 form in November for its proposed iShares Ethereum Trust. The SEC postponed its decision on this potential product earlier this year, and now the deadline for a decision has been extended to August 7th. This development highlights the significant interest from major institutional players like BlackRock in offering investment products tied to Ethereum, a popular cryptocurrency. The outcome of this SEC decision could have a notable impact on the broader adoption and recognition of Ethereum within traditional financial markets.

2. Grayscale

Grayscale, a prominent crypto asset manager, has proposed converting its Grayscale Ethereum Trust into a spot Ethereum ETF and is now awaiting a response from the SEC. Currently structured as a closed-end fund, this transformation would make it easier for investors to redeem shares. 

Grayscale already successfully transitioned its Bitcoin Trust into an ETF earlier this year, demonstrating a viable path for similar crypto investment vehicles. Grayscale’s influence has been instrumental in paving the way for Bitcoin ETFs to trade in the U.S., underscoring its role in expanding crypto investment opportunities within traditional financial markets.

3. Ark Invest/21Shares

In September, ARK Invest, led by Cathie Wood, a notable tech investment firm, submitted a proposal to the SEC for an Ethereum ETF. This ETF, developed in collaboration with 21Shares, a crypto ETF issuer, designates Coinbase, the largest digital asset exchange in America, as its custodian. This means that Coinbase would be responsible for securely holding and managing the ETH within the ETF. The SEC is expected to reach a decision on this proposal by May 24. If approved, this Ethereum ETF could significantly broaden accessibility to Ethereum investment opportunities, further integrating cryptocurrency assets into traditional investment portfolios.

4. Fidelity

In November, Fidelity, a major player in financial services, signaled its interest in launching an Ethereum ETF when Cboe, the exchange designated for trading the ETF, filed a 19b-4 on behalf of Fidelity. This move indicated Fidelity’s serious intention to bring an Ethereum ETF to market.

Subsequently, in March, Fidelity officially filed its S-1 registration statement with the SEC for the Fidelity Ethereum Fund. The SEC is scheduled to reach a decision on this product by August 3. If approved, the Fidelity Ethereum Fund could have a substantial impact by providing investors with a regulated and accessible way to invest in Ethereum, potentially broadening the adoption of cryptocurrencies within traditional investment circles.

5. Franklin Templeton

In February, Franklin Templeton, a prominent Wall Street firm, joined the Ethereum ETF competition by filing a proposal with the SEC for the Franklin Ethereum Trust. Notably, Franklin Templeton’s filing highlights the inclusion of staking, a process where digital coins or tokens are locked up to support blockchain operations.

The proposal specifies that the Franklin Ethereum Trust “may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers.” The SEC is expected to render a decision on this product by June 11.

The impact of Franklin Templeton’s Ethereum Trust proposal, incorporating staking, underscores a growing trend towards innovative investment strategies within the cryptocurrency sector. If approved, this ETF could attract investors looking to participate in Ethereum’s ecosystem while potentially earning rewards through staking, further legitimizing Ethereum’s role as a valuable investment asset.

6. Bitwise

Bitwise, a digital asset investment firm, submitted its S-1 form to the SEC in March for a spot Ethereum ETF. Similar to Franklin Templeton’s approach, Bitwise’s filing includes plans for staking, whereby the Bitwise Ethereum Trust could utilize trusted staking providers to earn additional rewards by locking up a portion of the fund’s assets.

The impact of Bitwise’s Ethereum ETF proposal, particularly with staking included, could be significant. Staking allows for potential additional income generation from Ethereum holdings, appealing to investors seeking diversified crypto investment strategies. If approved, Bitwise’s ETF could contribute to the mainstream acceptance of Ethereum as a viable asset class within the investment landscape, further bridging the gap between traditional finance and the burgeoning crypto market.

7. Hashdex

In September, Nasdaq submitted a proposal on behalf of Brazilian fund manager Hashdex for the Hashdex Nasdaq Ethereum ETF. Hashdex, known for its existing crypto ETFs in Brazil, aims to introduce this ETF in the U.S. market.

Hashdex received SEC approval for its Bitcoin ETF in January but is awaiting stock exchange trading. In March, Hashdex announced plans to convert its Bitcoin futures ETF into a spot ETF later on. The SEC is set to make a decision on the Hashdex Nasdaq Ethereum ETF by May 30.

The impact of Hashdex’s Ethereum ETF proposal, facilitated by Nasdaq, highlights the growing interest and acceptance of cryptocurrency-based investment products. If approved, this ETF could provide U.S. investors with accessible exposure to Ethereum, further integrating cryptocurrencies into mainstream investment portfolios.

8. Invesco Galaxy

In September, Invesco, a leading asset management company, collaborated with Mike Novogratz’s Galaxy Digital to propose an Ethereum ETF. The S-1 filing outlines Invesco as the sponsor of the product, with Galaxy Digital acting as the “execution agent” responsible for selling ETH to cover expenses related to the Invesco Galaxy Ethereum ETF.

The SEC is scheduled to make a decision regarding this product by July 7.

The impact of Invesco’s partnership with Galaxy Digital on this proposed Ethereum ETF signifies the continued interest and involvement of major financial institutions in the cryptocurrency market. If approved, this ETF could offer investors a regulated and convenient way to invest in Ethereum, potentially boosting mainstream adoption of cryptocurrencies as legitimate investment assets.

9. VanEck

VanEck, an asset manager, was the initial fund manager to submit a proposal for an Ethereum ETF to the SEC in 2021. Although the firm withdrew its proposal later that year, it has since resubmitted.

VanEck’s Bitcoin ETF has proven successful, with the firm even waiving fees to enhance competitiveness in the market. On May 23, the SEC is expected to reach a decision on this Ethereum ETF proposal.

The impact of VanEck’s renewed interest in an Ethereum ETF underscores the ongoing evolution and maturation of the cryptocurrency investment landscape. If approved, this ETF could provide investors with additional opportunities to participate in Ethereum’s growth, reflecting the increasing integration of digital assets into traditional investment portfolios.

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Notcoin (NOT) Price Prediction 2024: Market Analysis and Opinions

Notcoin ($NOT) has been making waves in the crypto world lately. This interesting cryptocurrency, built on the TON blockchain, uses games to teach people about Web3. But with its unusual ways, like a blank whitepaper and just a popular Telegram game launch until now, some people wonder: is $NOT a groundbreaking project or just a short-term trend?

This article will explore what could affect the future price of $NOT. We’ll look closely at its unique “tap-to-earn” system, its strong community focus, and its plans for the future.

By considering both the positive and negative arguments, we’ll give you the information you need to decide what you think about Notion’s ($NOT) future value.

NOT Price Prediction: Introduction

The idea of Notcoin sprang to life when its founder, Sasha Plotvinov, had a brilliant idea: merging the fun of a clicker game with the massive audience of Telegram and a little bit of technology—blockchain

Sasha dreamed of a game that could entertain millions of people worldwide, all from the comfort of their phones and without any fuss.

Seeing how people were always on the lookout for new ways to have fun on Telegram, Sasha saw an opportunity to create something extraordinary. Notcoin was designed to be easy to play yet addictive, with players simply tapping on a shiny gold coin to earn rewards. And he did exactly that!

NotCoin

And guess what? People loved it! Notcoin quickly became a hit, attracting millions of players from all walks of life. The game boasts a staggering 35 million players worldwide, with an astonishing peak of six million daily active users. Its straightforward gameplay and the thrill of earning rewards resonated with players, young and old.

But Sasha didn’t stop there. He saw the potential to make Notcoin even more exciting by introducing a cryptocurrency token that he called $NOT. With the recent launch of NOT on The Open Network (TON), Notcoin became even more exciting.

Now, players will not only enjoy the game but also have the chance to earn digital rewards that hold real value. 

Notcoin (NOT) Token Distribution

Related to $NOT tokenomy, this is all about being fair and involving everyone in the community. With over 35 million players earning $NOT tokens by playing Notcoin, the team behind the game promised to give all these tokens back to the players. They made it clear that they wouldn’t let any big players get too many of the tokens early on, so everyone has a fair chance. There are no investors, no private rounds, and no special allocations.

Notcoin (NOT) Token Allocation

In line with Bitcoin-style distribution, Notcoin operates on a mining model where players mine coins through gameplay effort. All coins are distributed thinly across a vast player base, with an average miner allocation of only about 0.0003% over 34 million people. 

To help the game grow even more, the team suggested that players could give some of their tokens back to the game. Players could choose to give 10%, 20%, 30%, or even 50% of their coins to this fund. There were no extra rewards for doing this—just a chance to help make Notcoin better for everyone.

NOT Price Prediction: Technical Analysis

Notcoin technical analysis - TradingView

As of May 17, 2024, the price of Notcoin is currently showing a bearish trend on the five-minute timeframe, reflecting ongoing selling pressure. The Relative Strength Index (RSI) is low, indicating that buyers are not actively participating in the market.

Additionally, the Moving Average Convergence Divergence (MACD) remains negative, further highlighting the prevailing bearish sentiment.

Given these indicators, it’s likely that the price of Notcoin could fall to a low of $0.005676 before any potential recovery.

On the positive side, a closer examination reveals that Notcoin is consolidating within a falling wedge pattern, which is typically a bullish reversal signal. This pattern suggests that the price could surge once it breaks out.

Traders interested in taking long positions should consider waiting until Notcoin breaks above the upper boundary of the wedge pattern. Confirmation of this breakout could be seen if the price moves above the psychological level of $0.007000, establishing it as a new support level.

The potential target for this falling wedge breakout is calculated by adding the maximum distance between the upper and lower trend lines to the breakout point. Based on that, some opinions indicate a possible 50% rally, aiming for the $0.010427 mark.

NOT Price Prediction: Market Opinions

Notcoin - CoinMarketCap

The debut of $NOT on May 16, 2024, marked a promising start for the project, with notable trading activity observed within the first few hours. In the initial hour following its launch on major exchanges, Notcoin witnessed trading volumes exceeding $294 million, indicating strong market interest.

However, the token’s introduction was accompanied by significant price fluctuations, with values fluctuating between $0.01078 and $0.01445 before stabilizing around $0.0066 (as of today, May 17, 2024). This volatility, as observed in data from CoinGecko and CoinMarketCap, is a common occurrence for newly launched tokens, often attributed to factors such as limited liquidity and selling pressure from airdrop participants.

Despite the initial decline in price, which is typical for new tokens, Notcoin’s debut garnered considerable attention from traders. The token swiftly ascended to become the 14th most-traded coin by 24-hour volume, with trading activity surpassing $1 billion, underscoring its significance within the crypto market.

From the viewpoint of DigitalCoinPrice.com, Notcoin appears to be poised for a significant upward trajectory in the coming months. There is a growing consensus that Notcoin is likely to surpass the $0.0145 mark by the end of the year, potentially even exceeding its previous high of $0.0144 along the way.

NOT Price Forecast for June – July 2024

According to the DigitalCoinPrice.com analysis of Notcoin’s price trends, they forecast a downward movement of approximately -14.60% in the price of $NOT at the start of June 2024. However, by the middle of June, they anticipate a significant uptick, with the price projected to increase by up to 110.46%. As the month progresses, Notcoin is likely to experience continued growth, averaging around 38.16% by the end of June.

Looking ahead to July 2024, their predictions suggest a minimum price of $0.00592, an average price of $0.0121, and a maximum price of $0.0141 for $NOT. This indicates a substantial average change of approximately 82.77% compared to previous periods. 

NOT Price Forecast for 2024, 2025, 2026, 2027, 2028, 2029, 2030

NOT Price Prediction for 2024, 2025, 2026, 2027, 2028, 2029, 2030

Disclaimer: The following data is a prediction by DigitalCoinPrice and does not represent the views of Coindoo.com. Cryptocurrency prices can be highly volatile, and these predictions should not be taken as financial advice.

Cryptocurrency Experts and Influencers

Crypto experts and market analysts have a cautiously optimistic outlook on Notcoin’s future price movements. Based on the current market trends, they foresee potential growth for Notcoin, although they emphasize the inherent volatility and risks involved in the crypto market.

In the short term, experts believe that Notcoin could see significant upward movement by the end of the year. This sentiment is supported by the token’s recent trading patterns and substantial 24-hour trading volume, which places it among the more actively traded cryptocurrencies globally. The consensus among investors and market leaders is that Notcoin may surpass its previous all-time highs and stabilize at a higher value in the near future.

In the coming years, projections suggest a significant increase in Notcoin’s value, reflecting growing investor confidence. There is a good chance that Notcoin could potentially double its price in the medium term, although achieving such levels remains uncertain. The upward trend appears promising, with substantial growth expected over the long term.

The forecast suggests that Notcoin could experience substantial growth, with prices expected to exceed previous highs. Predictions indicate a potential for significant market cap expansion, highlighting the token’s increasing acceptance and market stability.

As Notcoin progresses, market analysts anticipate continued growth, with steady increases over the years. This steady growth underscores the token’s increasing acceptance and market stability.

While these predictions offer a hopeful perspective, experts consistently advise caution. The cryptocurrency market is highly unpredictable, and while Notcoin shows promise, potential investors should consider the risks and conduct thorough research before making investment decisions.

FAQs

What Is Notcoin ($NOT)?

Notcoin ($NOT) is a community-driven cryptocurrency project built on the TON blockchain. It started as an engaging and interactive social clicker game that you can play within the Telegram app. It aims to onboard users to the Web3 space through a gamified experience and unique tokenomics.

How to Buy NOT?

$NOT is available for buying on major cryptocurrency exchanges such as Binance, ByBit, OKX, KuCoin, Gate.io, Bitfinex, MEXC, Bitget, and others. To buy $NOT, you must create an account on one of these exchanges if you don’t already have one. Once your account is set up, you will need to fund it, which can typically be done by depositing USD, EUR, or another cryptocurrency like Bitcoin or Ethereum. After your account is funded, you can search for $NOT on the exchange platform. When you find NOT, select the amount you wish to purchase and follow the exchange’s instructions to complete the transaction. Once the purchase is made, you can either keep your $NOT tokens in your exchange account or transfer them to a secure cryptocurrency wallet for safekeeping.

What Is NOT Used For?

The NOT token is designed to be an integral part of the Notcoin ecosystem, serving several key purposes. Players can use NOT to purchase in-game items and upgrades, like cosmetic changes and functional boosts, enhancing their gaming experience. It also acts as a reward for top performers on the leaderboard and those who complete quests, adding motivation and value to gameplay.

Beyond the game, NOT tokens can be traded on crypto exchanges, allowing players to convert their in-game earnings into other cryptocurrencies or fiat money, giving real-world value to their efforts.

NOT also incentivizes community engagement through rewards for participating in events, social media campaigns, and referrals, enabling a vibrant and active player community.

Notcoin Price Prediction: Verdict

After thoroughly examining the market analysis and expert opinions on Notcoin ($NOT), several key points emerge that shape our final perspective.

Firstly, Notcoin’s unique approach of integrating blockchain technology with a popular Telegram game has garnered significant attention and a substantial user base. This innovative “tap-to-earn” model, along with its commitment to fair token distribution, has attracted millions of players and created a strong, engaged community. The recent trading debut of $NOT, despite initial volatility, indicates a robust interest in the token, with substantial trading volumes suggesting a promising start.

Technical analysis shows that Notcoin is currently experiencing a bearish trend, with indicators pointing to potential further declines in the short term. However, the presence of a falling wedge pattern suggests a possible bullish reversal, providing a potential opportunity for significant gains if the token breaks out above the key resistance levels.

Experts opinions in the cryptocurrency market are cautiously optimistic about Notcoin’s future. While they acknowledge the inherent volatility of the crypto market, there is a consensus that Notcoin has the potential for substantial growth. Predictions indicate that the token could surpass its previous highs and achieve significant market cap expansion over the next few years.

So, Notcoin presents a compelling case for both short-term trading opportunities and long-term investment potential. However, as with all cryptocurrencies, potential investors should approach with caution, conduct thorough research, and be prepared for the market’s inherent volatility.

* The information in this article and the links provided are for general information purposes only
and should not constitute any financial or investment advice. We advise you to do your own research
or consult a professional before making financial decisions. Please acknowledge that we are not
responsible for any loss caused by any information present on this website.



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Bitcoin Cash Price Prediction 2024, 2025, 2030, 2040: Will BCH Reach $1000?

Bitcoin Cash (BCH) is Bitcoin’s direct competitor. Its uniqueness comes from its scaling solution being the increased block size rather than Bitcoin’s SegWit or Lightning Network. Since Bitcoin’s launch, a lot of people have expressed concerns about how well it can grow. Blockchain is a revolutionary ledger-recording technology, however the Bitcoin blockchain prioritizes security and stability over scalability. Bitcoin Cash tries to tackle Bitcoin’s problems. At the moment, it can process up to 61 transactions per second, meaning that its current network transaction ceiling is much higher than Bitcoin’s. Discover Bitcoin Cash price prediction in StealthEX’s latest article.

Current BCH Price BCH Price Prediction 2025 BCH Price Prediction 2030
$465.55 $967.9 $4,172.8
Bitcoin Cash Price Prediction

Bitcoin Cash (BCH) Overview

With a few minor changes, Bitcoin Cash is structurally extremely similar to Bitcoin. The main distinction between the two is that, whereas Bitcoin is more of a store of value, akin to digital gold, Bitcoin Cash is intended to be the digital counterpart of cash. The block size limit, or the most data that can be contained in a block, is the main difference between Bitcoin Cash and its predecessor. Block size is important for transaction processing because it contains the transactions of a cryptocurrency. The 8MB block size limit for Bitcoin Cash has increased to 32MB, which is significantly more than the maximum block size for Bitcoin.

Because Bitcoin Cash relies on a Proof-of-Work consensus mechanism, miners have to demonstrate that they have used computer power to process and approve transactions. They must solve challenging mathematical equations in order to achieve that. A block of transactions can be verified and added to the blockchain by the first miner to do this. For each block they add, miners get rewarded with BCH currency as a block reward. Every 210,000 blocks, the block reward is halved in order to gradually decrease the quantity. Bitcoin and Bitcoin Cash have quite a few similarities but are also different in a few important areas.

Current Price $465.55
Market Cap $9,174,751,360
Volume (24h) $394,968,611
Market Rank #16
Circulating Supply 19,706,806 BCH
Total Supply 19,706,806 BCH
1 Month High / Low $528.06 / $399.7
All-Time High $4,355.62 Dec 20, 2017

The members of the Bitcoin Cash team were once active participants in the community. 2017 saw an increase in transaction fees and the emergence of network congestion as problems for Bitcoin. Bitcoin miners voted in favor of a software update to help with the scalability issues, but not everyone was satisfied with it. An early supporter of Bitcoin, Roger Ver, was among those who believed the update would move the platform closer to becoming an investment vehicle rather than a virtual money. Rather than roll out the upgrade, they intended to raise the 1MB to 8MB block size limit for Bitcoin.

A hard fork produced Bitcoin Cash on August 1, 2017. Bitcoin Cash was further awarded to all holders of Bitcoin at the moment of the fork.

Bitcoin Cash Features

BCH crypto offers a number of features within the crypto space:

  1. Fast transactions. BCH transactions are well-known for their quickness. Because of the large block size, more transactions may be processed rapidly, making it appropriate for everyday use.
  2. Low transaction fees. When compared to Bitcoin, BCH has lower transaction fees, making it a more cost-effective option for moving value.
  3. Decentralization. Like Bitcoin, Bitcoin Cash functions on a decentralized network, which reduces the danger of censorship or control by a single person or government.
  4. Scalability. BCH’s scalability features allow it can handle more transactions per second, ensuring seamless operation during peak demand periods.

Bitcoin Cash (BCH) Price Chart    

Bitcoin Cash Price Prediction - BCH USDT Price Chart

CoinMarketCap, 17 May 2024

Bitcoin Cash (BCH) Price History Highlights 

  • 2017: Bitcoin Cash joined the market of cryptocurrencies on August 1st, 2017, when the crypto started trading at a price of $240. Bitcoin Cash price was then driven by a highly positive sentiment that was bringing all major cryptos to new all-time high. BCH soared to its all-time high of $4,355.62.
  • 2018: In 2018, trends ceased to work in favor of pumping BCH price, so traders witnessed declines and an all-time low recorded at $76 in December 2018. The highest price for Bitcoin Cash in 2018 was $1,847, while BCH lost 90% of its value within the year-to-year change. In March 2018, Bitcoin Cash traded at around $600, going through a major rebound early in April with a 97% gain, bringing BCH value to $1,347.
  • 2019: 2019 was particularly bearish for Bitcoin Cash as the crypto fell to new lows and had a hard time finding support, let alone recovering. The highest price in 2019 was set at $443 in May after a series of gains that increased BCH’s value by 66% in that month alone. The lowest yearly price is recorded at $113 at the beginning of 2019. The crypto didn’t get a chance to recover beyond May price changes, so the average price for BCH in 2019 was $255.
  • 2020: In January 2020, Bitcoin Cash price went through a rebound, recording the highest value for the year at $497. However, the crypto then took a downward path, which brought it to new lows and an average price of $277. The lowest price for the year was $130. At the end of the year, BCH showed signs of bullishness with gains that brought Bitcoin Cash price above $300.
  • 2021-2022: The bullish momentum continued into the next year, so BCH price was seeing returns with the highest price of $749 and the present price of $523 after a change of 55%. During 2022, the price declined to reach $100.
  • 2023: In 2023, BCH fluctuated between $97 and $280.
  • 2024: In 2024, Bitcoin Cash experienced a bullish uptrend, reaching $657.85. At the moment, its price fluctuates around $465.

Bitcoin Cash Price Prediction

Year Minimum Price Maximum Price Average Price Price Change
2024 $401.3 $976.1 $688.7 +53%
2025 $772 $1,165 $968 +115%
2030 $2,546 $5,800 $4,173 +829%
2040 $7,961 $139,949 $73,955 +16,374%

BCH Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 BCH coin’s price might go as high as $976.14 (+117%), while at its lowest point it can drop to $401.27 (-10%).

According to PricePrediction, in 2024 Bitcoin Cash will rise in price: it’s expected to cost $517.82 (+15%) at its low, while at its maximum BCH will rise to $632.09 (+40%).

Telegaon crypto experts anticipate that the minimum lowest price BCH can hit in 2024 is $721.49 (+60%) vs its maximum price of $845.19 (+88%).

Bitcoin Cash Price Prediction 2025

DigitalCoinPrice crypto analysts think that in 2025 BCH coin might reach $962.56 (+114%) per coin at its lowest point. Its lowest price might go as high as $1,164.45 (+159%).

Based on PricePrediction forecasts, in 2025, BCH’s lowest price is projected to be $771.54 (+71%), while at its highest point it can reach $895.38 (+99%).

CoinMarketCap analysts expect that in 2025, BCH coin will reach a maximum price of $915.96 (+104%), while at its lowest point it can drop to a minimum of $846.19 (+88%).

Bitcoin Cash Price Prediction 2030

DigitalCoinPrice analysts are of the opinion that by 2030, BCH crypto will rise to a maximum level of $3,029.18 (+574%), while its minimum price will drop to $3,348.88 (+646%).

According to PricePrediction, by 2030 BCH will see a lowest price of $4,625 (+930%), while at its peak it might finally reach $5,800 (+1,192%).

Analysts at Telegaon think that by 2030, Bitcoin Cash is going to reach $2,545.72 (+467%) at its peak and might trade at a minimum of $3,337.36 (+463%).

BCH Crypto Price Prediction 2040

According to PricePrediction forecasts, in 2040 BCH will reach the current price levels of Bitcoin and even go beyond them: its minimum price is expected to be $77,449 (+17,152%), while its maximum price is going to soar to $139,949 (+31,075%).

By 2040, Telegaon crypto experts expect Bitcoin Cash to reach significant price levels: $7,961.19 (+1,673%) at its lowest point vs $9,521.34 (+2,020%) at its highest point.

Bitcoin Cash Price Prediction: Experts’ Opinions

With its high transaction security and speed, Bitcoin Cash (BCH) is unquestionably one of the most attractive cryptocurrencies and has a lot of potential. With BCH whales investing $50M in two days, BCH may be heading into a new bull run.

However, there are less optimistic price predictions that pop up on the crypto market. This includes a forecast from analysts at CryptoNewsz, who think that by 2030, BCH could reach $1,841.75.

BCH USDT Price Technical Analysis     

Bitcoin Cash Price Prediction - BCH USDT Price Technical Analysis

Tradingview, May 17, 2024

Now that we’ve seen possible price predictions for BCH, let’s find out a bit more about the factors that can influence its price.

Factors Affecting Bitcoin Cash Price

Bitcoin Cash can be influenced by a range of factors. First and foremost, market demand is an important issue. Crypto prices typically rise in response to strong demand. On the other hand, if demand declines, prices might as well. Furthermore, market speculation and investor mood may have an effect on prices. The prices of cryptocurrencies can also fluctuate due to news, events, and changes in regulations. Lastly, the success of other cryptocurrencies and the state of the market as a whole may have an indirect impact on BCH pricing.

When assessing BCH coin as an investment, keep the following considerations in mind:

  • Supply and demand;
  • Market speculation;
  • Investor sentiment;
  • News, events, and hype;
  • Competition;
  • State of the market.
  • Changes in regulation.

Risks and Opportunities

Bitcoin Cash gives on-chain scaling priority over sound money qualities, as opposed to Bitcoin, in order to facilitate faster transaction throughput at this time. Peer-to-peer payments may boost usage, which is advantageous, but there is a risk associated with relying too much on an erratic speculative asset that might not appreciate in value as quickly as Bitcoin. Higher velocities could increase volatility. Moreover, The Bitcoin Cash network is orders of magnitude less secure and more centralized than the Bitcoin network. 

Since the 2017 debut of Bitcoin Cash, the cryptocurrency ecosystem has grown significantly. Hundreds of blockchain initiatives are currently pursuing comparable objectives using different technical strategies, as opposed to their previous purpose of offering a larger transaction capacity than Bitcoin alone. To add to this, Bitcoin Cash development and mining are dependent on fewer major companies and individuals than Bitcoin, despite the latter’s goal of remaining decentralized. Over-optimization for specific interests may focus on influence concerns in the event that divisions or governance fails again. Long-term, maintaining variety is still crucial.

Despite all these challenges, Bitcoin Cash is closely tied to Bitcoin, which has allowed exchanges and wallets to easily incorporate support for Bitcoin Cash, thereby adding to liquidity and overall market awareness of Bitcoin Cash. Additionally, Bitcoin Cash has been well-funded by big names in the cryptocurrency community that were part of the original Bitcoin community.

Is Bitcoin Cash a Good Investment?

It could be. However, the fact that people still confuse Bitcoin Cash for Bitcoin or still need explanations is one of its biggest problems. The first release of Bitcoin Cash in 2017 as a fork of the Bitcoin network to raise the block size limit is the cause of this brand confusion. This can influence the blockchain both positively and negatively.

What Will Bitcoin Cash Be Worth in 2025?

Websites like PricePrediction believe that by 2025, Bitcoin Cash can rise to $895.38 per coin.

How Much Will Bitcoin Cash Be Worth in 5 Years?

PricePrediction believes that in 5 years Bitcoin Cash will reach $2,619 at its peak.

What Is the Price Prediction for BCH 2040?

According to PricePrediction, by 2040 Bitcoin Cash will reach staggering price levels: $139,949 per coin.

Will BCH Reach $1000?

DigitalCoinPrice experts believe that this will happen by the year 2025: according to them, Bitcoin Cash will rise in price to reach $1,164.45.

Is Bitcoin Cash Expected to Rise?

Experts forecasts show that slow progress is possible.

Conclusion

Bitcoin Cash seeks to realize the goal of Bitcoin’s creator, Satoshi Nakamoto, by developing a digital payment system that never uses off-chain solutions like Lightning Network. Although Bitcoin Cash is currently scaling far better than Bitcoin, it is still far from achieving the number of transactions per second needed to be taken seriously as a payment option. However, with new developments and the growing project’s popularity, BCH can become one of the widely and highly valued used cryptocurrencies.

Where to Buy Bitcoin Cash (BCH)?

StealthEX is here to help you buy BCH coins if you’re looking for a way to invest in this cryptocurrency. You can buy BCH coin privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy BCH Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

  • Choose the pair and the amount you want to exchange — for instance, BTC to BCH
  • Press the “Start exchange” button.
  • Provide the recipient address to transfer your crypto to.
  • Process the transaction.
  • Receive your crypto coins.
BUY BCH

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.

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[Review] Guild of Guardians Launches Globally with $1 Million Prize Campaign | BitPinas

It has been a long time coming.

Guild of Guardians was first reported by BitPinas in June 2021 and has reached over 1 million pre-registered players. This much-anticipated web3 game officially launched globally on May 15, 2024.

To celebrate the launch, Immutable Games is kicking off with a $1 million campaign where players can get a portion of this simply by playing Guild of Guardians’ debut season.

Where to Download Guild of Guardians

The game can be downloaded via the App Store or Google Play Store: https://www.guildofguardians.com/

What is Guild of Guardians

Developed by Mineloader and published by Immutable, Guild of Guardians is a mobile roguelike squad RPG where players summon Guardians, join a guild, and protect its universe, a mythical land called Elderym.

Since 2021, Immutable and the Guild of Guardians social channels have posted multiple sneak peeks and dev updates on the game’s progress. The result is a high-quality game with graphics comparable to flagship web2 games and mechanics that players will find interesting. 

Unlike idle games of old, players need to evolve their strategies and make swift decisions as levels get increasingly difficult in Guild of Guardians.

The game is designed to be a highly social experience, and Guild of Guardians’ V2 will introduce further updates to raiding, crafting, and trading.

How to Play Guild of Guardians

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Basics

Players must complete each dungeon where they can earn resources and progress. The dungeons have different challenges and are not exactly the same.

At some key locations in each dungeon, players can rest, heal or revive their Guardians, or buy merchandise. Gear can be bought and crafted in the inventory.

Making the Guardians Stronger

Guardians level up and can be equipped with stronger equipment to become more powerful. This will be important, especially for more difficult dungeons.

When you summon duplicate Guardians, you can burn them to enhance and make them stronger.

Finally, Ascension is when you convert the Guardian into an NFT, making it not just more powerful but also tradeable to other players or within the game’s ecosystem.

Rewards System

As a web3 game, Guild of Guardians naturally has a player rewards system. One feature is the early adopter program, where gamers who start playing today will partake in the $1 million rewards campaign. This is discussed in more detail later in this article.

Blockchain Integrations

Introduction to Guild of Guardians | Immutable's GOG Explained

While gamers can play Guild of Guardians without touching its web3 elements, the game shines because of its blockchain integration, which includes the following components:

  • $GOG Token: Players can earn $GOG tokens through leaderboard challenges and in-game activities. The token has various utilities, such as participating in web3 crafting systems, buying NFTs in secondary sales, and future NFT primary sales.
  • NFTs (Non-Fungible Tokens): Players can purchase, earn, and trade in-game assets as NFTs. These digital assets can be transferred or traded on secondary marketplaces, verified on the blockchain.

These web3 elements are not required to enjoy the game fully. Players can still enjoy the game for free or via traditional in-app purchases if preferred.

Playtime – First Impressions

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I have been waiting for this game since 2021. In fact, I participated in the Founder Sale, where ultra-early players could purchase heroes (Guardians) and Guilds. I haven’t connected those to my playtime yet as I want a vanilla experience.

I wanted to know how friendly this is to free-to-play and web2 players. After the introductory story, you are immediately thrown into the battlefield, first with just one Guardian, and then two. This acts as the game’s tutorial mode as it slowly introduces the player to the mechanics and other features.

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Every dungeon is harder than the previous one. If you repeat an earlier dungeon, there will be new mechanics such as the enemy having buffs that you choose. For example, enemies can have greater shields at the beginning or your team cannot use abilities in the first second of the match. Conversely, you get buffs as well, which are more powerful than the standard ones you can get randomly on your first try in the dungeon.

Do this progressively and each time you visit an earlier dungeon will get easier.

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I am not a fan of completely idle games, and so I would classify Guild of Guardians as a semi-idle RPG. Why? Because if you do not use the Guardians’ abilities, you will lose the match.

This is not a game you will just breeze through or watch your characters play while you do other tasks. It still demands your attention, especially in the dungeon. The right placement of characters and timing of unleashing your ultimates are critical, especially during boss fights.

Celebrating the Launch with a $1 Million Prize Pool

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To celebrate the global launch, Guild of Guardians is offering a $1 million prize pool as exclusive rewards to early adopters and active community members.

The in-game event, called “Age of the Dread,” includes multiple competitive challenges with prizes:

Age of Dread Event Details

Endless Leaderboard Challenge

  • Compete in daily runs to maximize points and climb the leaderboard.
  • Weekly rewards will be available to top performers, culminating in a grand prize at the end of the event.

Arena & Boss Rush Challenge

  • Claim a share of the remaining prizes by tackling daily runs.
  • Secure a top position among other players.

Prize Schedule

  • Week 1: $10,000 worth of Ascendent Seals
  • Week 2: $20,000 worth of Ascendent Seals, $10,000 worth of Ascendent Seals + NFTs, $15,000 worth of Ascendent Seals + NFTs
  • Week 3: $50,000 worth of $GOG, $20,000 worth of $GOG + NFTs, $50,000 worth of $GOG + NFTs
  • Week 4: $660,000 worth of $GOG, $125,000 worth of $GOG + NFTs, $125,000 worth of $GOG + NFTs

How to be eligible for the Prize Pool

  • Players must log in using the Immutable Passport.
  • Rewards are distributed after May 12th.
  • Participation is subject to verification.

What is the Immutable Passport?

This facilitates the integration of Guild of Guardians’ web3 features, making it easy for traditional gamers to start playing blockchain games without hurdles.

Who Developed Guild of Guardians

Guild of Guardians: May 2024 Town Hall w/Chris Clay

The game is developed by Mineloader, which has developed or co-developed many triple-A games, including various games in the Final Fantasy franchise, such as Final Fantasy VI Remake and Final Fantasy XIV: Endwalker, The Division 2, and The Last of Us Part I.

Meanwhile, publisher Immutable is one of the pioneer organizations in blockchain games, with a team including industry veterans Justin Hulog (Riot Games) and Chris Clay (Wizards of the Coast).

Learn more about Guild of Guardians here:

This article is published in collaborating with MadeViral: [Review] Guild of Guardians Launches Globally with $1 Million Prize Campaign

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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The Power of Sectors for Blockchain Investors – Bitcoin Market Journal

(Courtesy Reddit user Wargizmo.)

Understanding sectors is like a crypto investing superpower.

Many people buy crypto without knowing what the company actually does. This is like buying a stock because your bookie recommended it. Smart stock investors research the underlying company, and smart crypto investors do the same.

The chart above is similar to the “business sectors” concept in the traditional stock market. Let’s explore the concept of sectors to learn to wield this superpower.

The Power of Sector Investing

Traditional stock market companies are assigned to the Global Industry Classification Standard (GICS) category. (Not the sexiest name. “Superpower” is much better.) The GICS has 11 sectors:

  • Energy
  • Materials
  • Industrials
  • Consumer Discretionary
  • Consumer Staples
  • Health Care
  • Financials
  • Information Technology
  • Telecommunication Services
  • Utilities
  • Real Estate

Sectors let you group companies by industry. If GICS lists the sectors of the stock market, this chart is an attempt to list the sectors of crypto:

Popular cryptocurrencies sorted by category

Sectors are like a superpower, because they help you see categories within the blockchain industry – a kind of X-ray vision. This gives you insights into which companies will be the winners in each crypto sector.

Put another way, it lets you predict which tokens may dominate their respective categories.

Compare this with the usual view of crypto — by market cap — and you can see this chart brings structure and order to the industry. It lets you pick a winner in the categories that matter.

As crypto investors, we must know our sectors. (Which rhymes.) Let’s review each sector in this chart in order of potential investment opportunities.

Store of value

Store of Value (excellent potential)

There’s really only one player here: bitcoin (BTC). While bitcoin has not widely caught on as a currency, it has caught on as a store of value, like “digital gold.” This is why, for example, more companies are storing part of their cash reserves in bitcoin.

This store of value argument is why many investors believe, “If you’re going to only invest in one digital asset, let it be bitcoin.” They believe that despite short-term volatility, bitcoin is an excellent long-term store of value. (Bitcoin is the foundation of our Blockchain Believers Portfolio.)

Distributed computingDistributed computing (excellent potential)

I would call this category “Blockchain platforms,” and it’s probably the easiest crypto investment decision, behind bitcoin. If you believe blockchain is here to stay, then people will need platforms to develop on it – in the same way they need Windows, Mac, or Android operating systems to develop apps.

Of course, the 800-pound gorilla in this category is Ethereum (ETH). In some ways, Ethereum seems like the most undervalued “company” in the world, with a global community of users, developers, and platforms being built on top of it at a furious pace. It can be seen as the infrastructure of the “Internet of Value.”

That said, Ethereum is not a lock: plenty of technology platforms rise to early dominance, only to lose their lead (Betamax, MySpace, IBM). Other worthy contenders include Binance Smart Chain (BNB), Cardano (ADA), and Solana (SOL).

We may end up with:

1) Ethereum as the clear leader and a handful of smaller blockchains specializing in niche applications. (Think about a virtual monopoly, like Google vs. all the other search engines.)

2) Two or three big competing blockchains (an oligopoly, like Windows vs. Mac OS).

Financial servicesFinancial services (excellent potential)

There’s a lot of hype in the blockchain industry, but in the case of Decentralized Finance (DeFi), the hype is probably warranted. In our view, DeFi platforms are so important to the future of finance that we’ve written several guides on How to Invest in DeFi, How to Evaluate DeFi, and How to Find DeFi Unicorns.

Using DeFi products is still a bit technical and wonky. Still, once you learn how they work, they are so much better than traditional financial products — like online banking and online brokerages — that there’s really no comparison. It’s like upgrading from travel agents to Google Flights. And DeFi apps will get even better.

DeFi investments are generally riskier: it’s the leading edge of the leading edge. But the potential returns are also much greater. If you want to invest in DeFi, consider the projects with the largest market cap: this generally means they have the most users, and are in a good position to become category leaders.

Exchange tokensExchange tokens (some potential)

Exchanges are a critical part of the blockchain ecosystem: it’s where you buy, sell, and trade one digital asset for another. Since this is the single largest use case for blockchain today (trading tokens), you’d think digital exchanges would be a perfect investment opportunity.

Given the continual tangle of legal and regulatory challenges, the challenge is that it’s hard to run a traditional exchange. Each country’s laws are constantly changing as they figure this stuff out, but blockchain is a global, borderless system that happens 24 hours a day.

The history of blockchain is already littered with the bodies of exchanges that have come and gone. Who will be left standing in the end? As Yoda might have said, “Impossible to see the future is.”

StablecoinsStablecoins (some potential)

Stablecoins—or digital assets that hold their value, typically 1:1 with the U.S. dollar—are one of the fastest-growing sectors in blockchain. The two behemoths are Tether (USDT) and USD Coin (USDC), the latter issued by Circle, which will eventually go live as a publicly traded stock (see our guide on How to Invest in Circle).

The issue is that it’s hard to make money with stablecoins, since the price doesn’t move. You can, of course, earn “interest” on them (typically called “yield”) using new DeFi protocols (see our page of best DeFi interest rates). This can be a valuable part of an investing strategy, like storing part of your traditional money in a CD or money market fund.

Stablecoins are “safe,” but with low risk comes low reward. (And they’re not completely without risk — they could still be taxed out of existence by governments.) For bigger returns, look elsewhere.

Decentralised storageDecentralized storage (some potential)

Let’s say you have a massive hard drive – a couple of spare petabytes – and you’re only using a fraction of that storage space. You can “lease” your unused storage for others to use, then get paid in blockchain tokens. On the other side, users with massive files can “rent” the storage at a cheap rate.

This is the promise of decentralized storage, which is still in its early days, but interesting to watch. Filecoin (FIL) is the leader, and probably the best investment opportunity.

The key “tipping point” is if/when these decentralized storage systems begin to be widely adopted by companies and enterprises. Until then, most investors will probably “wait and watch.”

GamingGaming (some potential)

Blockchain economies are similar to video game economies: the kind where you buy real money to buy virtual goods, like custom skins and weapons. So there’s some overlap here, but certainly no category leader yet. It will be an interesting (and fun) space to watch.

We’ve also seen from the traditional videogame industry that there are thousands of games and hundreds of game publishers, but few that you’d consider an “investment.” Instead, intelligent investors would want to look for gaming platforms, like Xbox or Playstation (i.e., investing in MSFT or SONY).

Meta chainsMeta Chains (some potential)

These technologies provide blockchain interoperability—transferring data between Ethereum and Cardano, for example. Imagine investing in a company that provides interoperability between Windows and Macs. Those companies exist but are usually a tiny fraction of the overall Windows/Mac market. It’s probably best for most casual investors to hold off.

CurrencyCurrency (limited potential)

The great irony is that “cryptocurrencies” aren’t really currencies. So the “Currency” investments on the chart above are probably not great long-term investments. Ripple (XRP) could be the exception, as it is designed for a specialized type of payment — international money transfers — but Ripple is currently the subject of an SEC investigation (see our article on SEC vs. XRP).

The bigger issue is that dozens of governments are already working on their own Central Bank Digital Currency, which will offer the convenience of digital money, but backed by the government. Once CBDCs are rolled out at scale, why would people use any other digital currency?

Privacy coins

Privacy Coins (limited potential)

One reason you might use another currency is if you want to stay completely anonymous. Bitcoin and other cryptocurrencies are only partially anonymous — you can still view the complete history of transactions on a blockchain — but privacy coins are a black box.

While privacy coins are used for legitimate reasons — to protect personal privacy or to escape tyrannical governments — they’re also used for shady transactions, which makes them unlikely to ever achieve widespread usage. Governments hate them. Plus, all the challenges listed in the “Currency” sector above still apply.

Wrapped bitcoins

Wrapped bitcoin (limited potential)

This is known as a derivative, or a digital asset built on top of another digital asset. The problem with derivatives is they get increasingly complicated and risky for most investors (I always link to the Selena Gomez scene from The Big Short).

Assets-built-on-assets leads to assets-built-on-assets-built-on-assets, and the whole Jenga Tower can quickly come crashing down (I always link to the Ryan Gosling/Steve Carrell scene from The Big Short).

Layer 2 ETH solutions

Layer 2 ETH solutions (limited potential)

This is new technology being built on top of Ethereum. For most investors, ask yourself the simple question: If you believe in Ethereum so much, why not invest in It?

(See our Investor’s Guide to Layer-2s for much more.)

Meme coins

Meme coins (limited potential)

Feel free to invest in Dogecoin, just because it’s fun. Especially if you think it’s fun to lose all your money.

(See our Investor’s Guide to Memecoins for the same message, but wordier.)

Specialised coinsSpecialized coins (mixed bag)

Finally, there’s the “everything else” category: are all the wonderful and weird experiments being tried on blockchain. These are worth watching to see which ones are getting traction and potentially seeding new sectors.

The Sector Superpower, Summarized

Investing in blockchain projects using a sector view is like having “laser eyes” in real life.

While everyone else is chasing “price trends,” or “social media sentiment,” or other crypto craziness, you can cut through the chaos.

Sectors give you a calm, logical view of blockchain investment opportunities by category. The process is:

  • Understand each sector.
  • Decide which sectors are going to be the most important, long-term.
  • Then find the 1 or 2 leaders in each sector.
  • Invest accordingly, following our Blockchain Believers Portfolio.
  • Profit.

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UseTheBitcoin Weekly News Roundup (MAY 13th – MAY 17th, 2024)

Wells Fargo Discloses Spot Bitcoin ETF Holdings

According to a new filing with the Securities and Exchange Commission (SEC), US banking giant Wells Fargo now holds spot Bitcoin exchange-traded funds (ETFs) for its clients.

Wells Fargo is holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was converted to an ETF in January.

JPMorgan Chase Discloses Buying Spot Bitcoin ETFs

Alongside Wells Fargo, JPMorgan Chase has also disclosed buying spot Bitcoin ETFs. As of March 31st, the bank held shares in spot Bitcoin ETFs managed by BlackRock, Bitwise, and Fidelity.

The news comes as a surprise since the bank’s CEO, Jamie Dimon, has publicly doubted Bitcoin and has been widely outspoken against digital assets for the past few years.

Mark Cuban: SEC Chair Gary Gensler Has Not Protected A Single Investor Against Crypto Fraud

Billionaire investor and entrepreneur Mark Cuban has lashed out at the SEC Chairman Gary Gensler, saying he has been inefficient in protecting even a single investor from fraud.

“All he has done is make it nearly impossible for legitimate crypto companies to operate.”

The Shark Tank investor highlighted the growing influence of crypto-savvy voters, particularly among younger and independent demographics, suggesting that failure to address their concerns could impact election outcomes.

“If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the SEC. Crypto is a mainstay with younger and independent voters,” Cuban wrote on the social media platform X.

Coinbase Can’t Force The SEC To Write New Rules

In a recent filing, the US SEC told the court that Coinbase cannot force the agency to produce new digital assets rules “from the ground up,” saying its current regulations around the emerging sector were enough to keep the industry in check.

Coinbase has repeatedly said the SEC’s failure to provide clear regulations for the crypto industry is leaving investors unprotected and hampering key players from leveraging innovations to improve the sector further.

The two parties have rebutted each other since last year, when the regulator filed a complaint against the crypto exchange, accusing it of violating securities laws by selling unregistered securities.

Bank Of Montreal, Canada’s Fourth Largest Bank, Reveals Spot Bitcoin ETF Holdings

Bank of Montreal has disclosed its exposure to spot Bitcoin ETFs in a recent SEC filing. The fourth-largest bank in Canada holds Bitcoin ETFs in four issuers: Fidelity (FBTC), Franklin Templeton (EZBC), BlackRock (IBIT), and Grayscale (GBTC).

As conventional institutions seemed to increase their accumulation, there was a general uptick in positive sentiment on social media, with many people predicting more asset inflows.

UBS, The Largest Bank In Switzerland, Discloses Shares In BlackRock’s Spot Bitcoin ETF

In a 13F filing with the SEC, UBS Group AG, the Switzerland-based global investment bank and financial services firm, disclosed a substantial holding in the iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF managed by BlackRock Inc.

As per the regulatory filing, UBS possesses 3,600 shares of BlackRock’s iShares Bitcoin Trust (IBIT). At the beginning of 2024, UBS permitted some of its customers to trade Bitcoin ETFs, but accounts with lower risk tolerance were not allowed to access these funds.

It is also worth noting that BlackRock is one of UBS’s institutional shareholders and has about 5.01% of its total share capital.

State of Wisconsin Investment Board (SWIB) Discloses Its Purchase Of Spot Bitcoin ETFs

According to a recent filing with the US SEC, the State of Wisconsin Investment Board (SWIB) disclosed its purchase of $162 million of Spot Bitcoin ETFs. The investment includes BlackRock’s iShares Bitcoin Trust (IBIT), worth $99 million, and the Grayscale Bitcoin Trust (GBTC), worth around $63 million.

This disclosure marks SWIB as the first state-level institution to publicly announce its holdings in spot Bitcoin ETFs, signaling a notable step in integrating Bitcoin into traditional investment portfolios.

Tornado Cash Developer Alexey Pertsev Found Guilty Of Money Laundering

Alexey Pertsev, the developer behind Tornado Cash, was convicted of money laundering by a Dutch judge at the s-Hertogenbosch court and was sentenced to 64 months in prison.

During the trial, prosecutors said he failed to put adequate measures in place to stop criminals from misusing Tornado Cash. His defense argued that the prosecution overlooked the open source and automated nature of the smart contracts that underpin Tornado Cash. Pertsev also said that it was unfair to hold him responsible for the actions of Tornado Cash’s users. This was, he said, because they were inherently anonymous and operated independently. Tornado Cash is a decentralized protocol designed to conceal the transaction histories of public records on the Ethereum blockchain.

Other developers of the crypto mixer, Roman Storm and Roman Semenov, also face allegations of money laundering and sanctions violations in the US Storm will go to trial this September, but Semenov has not yet been arrested. Storm was arrested last year after the US added Tornado Cash to its sanctions watchlist.

GameStop (GME) Stock Trading Halted Due To Volatility As “Roaring Kitty” Returns

Shares of GameStop jumped this week, extending the meme stock rally started by the first online post from “Roaring Kitty” in three years. The man, whose legal name is Keith Gill, posted a picture on X of a video gamer sitting forward on their chair, a meme used by gamers to indicate they are taking the game seriously.

For context, Roaring Kitty was central to the GameStop saga during the COVID-19 pandemic. Reddit traders flipped the table on hedge funds that had been making money shorting on what they believed to be a failing brick-and-mortar game store, sending the price of GameStop stock soaring over 1,000% in under a month.

This event has also significantly increased social media activity surrounding memecoins in the crypto markets. FLOKI, for instance, saw a 145% surge in social interest. Other memecoins like DOGE, SHIB, PEPE, WIF, and BONK also experienced notable gains in social volume and trading prices.

Vanguard Announces Salim Ramji As New CEO

Vanguard has chosen Salim Ramji, a former senior executive at BlackRock, as its fifth chief executive, making him the first outsider to head the $9 trillion management firm. Ramji will replace Tim Buckley, who said in March that he planned to retire after six years as CEO of Vanguard.

The pick comes as a surprise given Vanguard’s negative stance on Bitcoin in recent months and Ramji’s known interest in the crypto industry. These have sparked chatter on social media that the asset manager might change its stance.

US CPI Inflation Falls To 3.4% In April

Data: 0.3% MoM, 3.4% YoY

Forecasted: 0.4% MoM, 3.4% YoY

US consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter. This boosted financial market expectations for a September interest rate cut.

On a month-over-month (MoM) basis, the consumer price index (CPI) rose 0.3% last month after advancing 0.4% in March and February. However, in the 12 months through April (YoY), the CPI only increased 3.4% after climbing 3.5% in March.

Economists expect inflation pressures to ebb this quarter and prices to gradually move toward the Federal Reserve’s 2% target as the labor market is cooling.

Final Thoughts

So that’s it for this week!

To stay ahead of the game with the freshest crypto news and insights delivered straight to your inbox, consider subscribing to UseTheBitcoin’s newsletter today.

Have a fantastic week ahead!



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Entering the Next Era of DeFi Borrowing With Rocko



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One Trading Extends the Reach of its Institutional Trading Services in Europe Through Integration with Talos – CoinJournal

London, United Kingdom, May 16th, 2024, Chainwire

Talos, the premier provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network of liquidity providers, expanding the possible destinations for their shared clients looking to achieve best execution. Talos users will now be able to access One Trading’s high-speed trading platform, with a matching engine time of just 1 microsecond.

In addition to expanding its potential reach to Talos’s institutional clients, One Trading also adopts the Talos trading platform as a sell-side client to support its OTC trading desk. The award-winning Talos trading platform will help One Trading efficiently source liquidity to better serve its clients’ needs. The multi-faceted relationship between the two firms highlights the different ways that the Talos network and platform can enhance a partner’s business.

“We are thrilled to welcome One Trading into the Talos network of liquidity providers,” said Daniel Packham, VP and Head of Operations, EMEA. “They have built a leading regulated trading venue in Europe using cutting-edge technology to build an incredibly fast and secure exchange, holding themselves to the highest standards of security and transparency that are important to Talos and our institutional clients. In addition, as a client themselves using our trading platform, One Trading is a great example of how an OTC dealer can leverage Talos to help manage liquidity efficiently.”

Commenting on the integration, Joshua Barraclough, CEO of One Trading said, “Talos shares our goal of bridging the gap between traditional and crypto asset trading. That’s why we’re excited to integrate with Talos as a liquidity provider as well as a sell-side trading client. They provide us with the same institutional grade of technology that we seek to provide to our own clients.”

One Trading is an EU-based trading venue built by a highly experienced ex-TradFi team. One Trading provides an institutional-grade digital asset exchange for both retail customers and institutional clients, with a focus on achieving market-leading execution speed, deep order books, and low fees. The exchange provides zero fees for both maker and taker transactions. One Trading operates a regulated spot trading venue and an OTC business with plans to roll out a MiFID II regulated derivatives business in the near future. As the Markets in Crypto Assets (MiCA) European regulation elevates the importance of best execution, Talos’s integration with One Trading will empower shared clients with an additional option for sourcing the best available liquidity.

About Talos

Talos provides institutional-grade technology that supports the full digital asset trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, lending, borrowing and portfolio management. Engineered by a team with unmatched experience building institutional trading systems, the Talos platform connects institutions to key participants in today’s digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians and more – through a single point of entry. By streamlining the entire trading process, Talos helps mitigate intermediary risk and facilitate best execution. For additional information, visit www.talos.com.

Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.

About One Trading

One Trading is a leading European digital asset trading platform with a VASP registration in Italy with Organismo Agenti e Mediatori (OAM). The One Trading platform has various offerings: Exchange, Instant Trade, and an OTC desk. The Exchange is where registered customers can access the fastest trading venue in the world with zero fees — also boasting a transparent order book with deep liquidity, and charting tools for technical analysis. The team behind One Trading has strong ex-TradFi expertise and is focused on providing an unparalleled product experience.

Instant Trade offers a simplified UI for trading a wide range of fiat, stablecoin, and altcoin pairs at 0% additional commission. One Trading retrieves the best prices for customers by plugging into a number of major liquidity providers with access to deep liquidity. These relationships have been established through the over-the-counter (OTC) offering, and are typically only reserved for HNWs or institutional customers. Through Instant Trade, all trader types can access this unique trading mechanism through a simple UI.

The OTC desk offers a high-touch trading team to work with clients, typically institutional partners to facilitate trades in any size and digital asset, with access to deep pools of liquidity, rapid settlement, and large asset coverage.

One Trading Disclaimer: This material is for informational purposes only, and is not intended to provide legal, tax, financial, or investment advice. Past performance is not necessarily indicative of the future nor a reliable indicator of the likely performance of any investment. Recipients should consult their own advisors before making these types of decisions. One Trading has no responsibility or liability for any decision made or any other acts or omissions in connection with Recipient’s use of this material.

 

Contact

Andy Keelaghan
One Trading
[email protected]

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Cosmos Hub Approves $1 Million Grant to Dora Factory for Quadratic Funding Initiative – Brave New Coin

This grant will support ten rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years.

As one of the largest treasury funding applications, this proposal sparked extensive discussions within the Cosmos community and received overwhelming support. Over $1 billion worth of ATOM, including major validators and core Cosmos contributors, voted in favor. The approval rate reached 91.9%, making Gov Proposal 917 the motion with the highest approval rating in the Cosmos Hub’s history.

Following the approval of this proposal, Dora Factory, in collaboration with DoraHacks, has officially announced the second AEZ (ATOM Economic Zone) quadratic funding program, marking the launch of the first long-term funding initiative. This quadratic funding program will span two years, starting May 15, 2024, and ending May 2026.

The passing of Gov Proposal 917 brings native Quadratic Funding to the Cosmos Hub for the first time.

What is Public Goods Funding?

Public goods funding is a frequently discussed concept within the Web3 industry. Generally, public goods refer to goods or services that are available for everyone to use.

In crypto, public goods can include blockchain infrastructure, storage, developer tools, software middleware, and user-facing applications such as block explorers, data dashboards, and wallets.

Due to its inherent transparency and verifiability, crypto and blockchain are ideal tools for funding public goods.

However, web3 public goods funding also faces numerous challenges.

  • Lack of coordination among the various parties involved in public goods funding (foundations, institutions, DAOs, developers, and communities).
  • A shortage of sustainable and effective funding mechanisms.
  • Public goods funding is often perceived as not interesting.

Enter Dora Factory, which strives to build infrastructure that enables large-scale adoption of public goods funding.

Dora Factory: Infrastructure Born for Public Goods

Dora Factory is a leading decentralised governance infrastructure and multi-chain public goods funding protocol stack, incubated and supported by DoraHacks, the industry’s developer and public goods funding platform. Its products include Public Good Staking infrastructure and Dora Vota, an appchain for voting and governance designed to empower the global Hacker Movement, open-source communities, and DAOs.

Multi-Chain Quadratic Funding: Aligning Communities and Ecosystem Builders

What is Quadratic Funding? Through native-token donations, token-holder communities can support high-quality early-stage projects and public goods within various ecosystems, fostering better collaboration among foundations, communities, and developers.

As the first and only team in the industry to develop and advocate for this approach, Dora Factory is a true leader in multi-chain quadratic funding. It has successfully deployed native quadratic funding in numerous mainstream crypto ecosystems, including BNB Chain, Solana, Polygon, Aptos, Cosmos Hub, Injective, and Avalanche.

Public Good Staking: Providing Sustainable Funding for Public Goods

In late 2022, Dora Factory introduced the concept of Public Good Staking. By operating underlying infrastructure such as validators, they earn native block rewards that are continuously used to fund multi-chain developers and public goods ecosystems.

Dora Factory has promoted public good staking in over 30 ecosystems’ mainnets and testnets, achieving a TVL (Total Value Locked) of over $400 million, providing up to $10 million in sustainable annual funding.

In the future, Dora Factory will explore ways to use cryptocurrency to fund cutting-edge technology fields like space technology, quantum computing, artificial intelligence, and biomedical research.

Community Incentive Fund: Making Public Goods Funding More Fun

Dora Factory launched the Community Incentive Fund to make the public goods funding process more engaging and fun. Top meme and NFT projects like Celestia’s Celestine Sloth Collection, Injective Ninja, Aptos Gui Inu, and Aptos Monkeys have become partners of the Community Incentive Fund. Through retroactive airdrops and gamified donations, these projects have brought more fun to public goods funding, receiving contributions and donations from nearly 100,000 unique addresses across different communities.

Anonymous Minimum Anti-Collusion Infrastructure (aMACI): Bringing Privacy Technology to On-Chain Public Goods Governance

MACI is a cryptographic technology designed to maximize the detection and elimination of collusion in voting. In 2022 and 2023, the Dora Factory team collaborated with ETHDenver, 0x, and OpenSea to introduce privacy voting to crypto hackathons. MACI has significantly improved privacy and reduced collusion in on-chain governance and voting.

In 2024, Dora Factory launched aMACI, adding voter anonymity to eliminate collusion between the vote initiator and the operator. This further enhances privacy and lowers the usage threshold of MACI voting. This is a significant step towards future large-scale decentralized voting systems.

Dora Vota: Open Infrastructure for Public Goods Funding

Dora Vota is a multi-chain governance and voting infrastructure. Vota and interoperability protocols like IBC will provide modular voting and governance infrastructure, such as plug-and-play quadratic funding modules and grant distribution mechanisms. As the first permissionless appchain focused on scaling on-chain voting, Dora Vota will offer developers a valuable playground, unlocking more possibilities for public goods funding and decentralized community governance.

Recently, Dora Factory secured strategic financing from dao5, Whampoa Digital, and angel investors like EigenLayer co-founder Calvin Liu. This is the first strategic round of a new funding series since Dora Factory’s $17.5M raise in 2021.

As Dora’s Public Good Staking grows and Vota’s ecosystem matures, the team believes Dora Factory will continue exploring new solutions to traditional funding inefficiencies, accelerating the maturity of governance and public goods funding in the multi-chain ecosystem.

 

Contact

Community contributor
Chris Lee
Dora Factory
[email protected]

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