Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation, or a vote using a wallet address, wherever a URL can be shared, enhancing the user experience in legacy web applications or even on X. […]
Bitcoin News
Digital Renaissance: Global Market of Artification Brings Rubens and Rembrandt Artworks to Global Blockchain Show
PRESS RELEASE. Dubai, April 12, 2024: The Global Blockchain Show is pleased to announce Global Market of Artification (GMA) as its diamond sponsor at the upcoming two-day conference, set to take place at the Grand Hyatt, Dubai. Artworks by renowned masters like Rubens and Rembrandt will be featured at the event. With the inclusion of […]
Bitcoin News
Latam Insights: El Salvador’s Bitcoin Portfolio Goes Black, Brazil Brings Digital Currency Talk to G20
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The portfolio of bitcoin investments of the Salvadoran government went into black numbers, Brazil will discuss using digital currencies for financial transfers in the Group of 20 (G20), and Venezuela alleged Exxonmobil financed Essequibo’s ballot opposition with cryptocurrency.
El Salvador’s Bitcoin Investments Go Black
The bitcoin investment strategy of El Salvador has started to pay its dividends, as the country’s holdings went into black numbers with the recent rise in the price of bitcoin. President Nayib Bukele shared a post on social media explaining that the country had finally reached this point after being ridiculed and targeted by hit pieces due to their calculated losses while making these investments.
However, Bukele stated that the country had no intention of selling the bitcoin it owns, estimated to be around 2,381 BTC by different trackers. Bukele also called news sites to “issue retractions, offer apologies, or, at the very least, acknowledge that El Salvador is now yielding a profit.”
Brazil to Discuss Digital Currency Themes at G20
Brazil intends to bring a digital currency agenda as the new president of the Group of 20 (G20). Roberto Campos Neto, president of the Central Bank of Brazil, detailed that the country will discuss the use of digital currencies and the benefits it can bring to the economies of the bloc.
Campos Neto stated:
Digital currencies can greatly reduce the costs of international transactions. The G20 will work to improve the settlement and governance of international transfers.
Campos Neto explained these cost reductions would come as a consequence of the monetization of the private data of users, touting programmability as one of the advantages of this new tech. “It is a technology that is here to stay. It democratizes,” he concluded.
Venezuela Alleges Exxonmobil Financed Essequibo’s Ballot Opposition Using Crypto
The government of Venezuela reported that Exxonmobil, one of the biggest oil and gas companies, tried to influence the result of the recent Essequibo ballot in the country, which intended to determine the opinion of the citizens about the Guyana-administered zone, using crypto. Venezuelan Attorney General Tarek William Saab issued 14 arrest warrants related to this investigation, including opposition members outside the country like former interim President Juan Guaido.
The national prosecution alleges the funds used to influence the election were introduced to the country by two U.S. nationals, Damian Merlo and Savoi Jandon Wright, who used cash and USDT, a dollar-pegged stablecoin, to funnel the funds into the country while avoiding financial controls.
Exxonmobil, having a significant presence in the Esequibo region, denied any attempt to finance Guyana’s activities in this conflict. Darren Woods, CEO of Exxonmobil, stated:
We are limiting our role to the area of our expertise, which is basically helping them (Guyana) to responsibly develop their resources.
To follow all the latest developments in crypto and the economy in Latin America, sign up for our Latam newsletter below.
What do you think about this week’s Latam Insights report? Tell us in the comment section below.
Anthropic’s $2 Billion Deal With Google Brings Hope to FTX Creditors
A few weeks back, a coalition of creditors from FTX, known as the “FTX 2.0 Coalition,” shed light on how the defunct exchange’s vested interest in Anthropic could significantly enhance their compensation. Now, Anthropic has successfully secured billion in funding from Google. Although the exact updated valuation remains undisclosed, preliminary estimates suggest the generative artificial intelligence (AI) company reportedly boasts a post-valuation ranging from to billion.
FTX Creditors Look to Reap Benefits as Anthropic Gains Billion
In 2023, there is no doubt that artificial intelligence (AI) has experienced significant growth, with billions of dollars in capital flowing towards companies such as Anthropic and Openai. These two competitors have developed two generative AI chatbots known as “Claude” and “Chatgpt.”
Towards the end of September, Bitcoin.com News reported that Amazon pledged billion to support Anthropic. Prior to this investment, Google had already invested 0 million in the AI startup. It is also widely known that before Amazon and Google made their investments, former FTX CEO Sam Bankman-Fried (SBF), along with some of his senior executives, infused 0 million into Anthropic.
On October 4, it was reported that a consortium of FTX creditors, known as the “FTX 2.0 Coalition,” explained the potential for the Anthropic investment by SBF to potentially wholly reimburse customers and clients. This particular discussion followed Amazon’s injection of billion into Anthropic.
Three weeks later, on October 27, creditors got some hopeful news as reports confirmed that Google was pledging billion to Anthropic. Exact post-valuation figures remained undisclosed, although preliminary estimates had ranged from billion to billion.
The FTX 2.0 Coalition reposted the Wall Street Journal’s (WSJ) social media update regarding Google’s recent injection, with WSJ being the initial source of the report. Meanwhile, the FTX estate has opted to postpone the sale of the Anthropic investment, resulting in a contentious legal issue.
U.S. prosecutors, who have charged SBF with fraud, asserted that although Anthropic’s investment may benefit customers, it should not diminish the charges SBF is facing. In the early stages of the trial, prosecutors attempted to exclude the Anthropic investment from the trial’s proceedings.
Moreover, the announcement page, which detailed SBF as the leader of the Series B funding round with participation from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR), now displays a 404 error HTTP status code. However, the link remains accessible and can be viewed through archive.org’s Wayback Machine, after being saved on April 29, 2022.
What do you think about Anthropic getting a billion injection from Google? Do you think that it will help FTX creditors? Share your thoughts and opinions about this subject in the comments section below.
Latam Insights: Worldcoin Breaks Records in Argentina, Circle Brings USDC to Chile
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Worldcoin reaches record verifications in Argentina, Circle partners with Mercado Pago to bring USDC to Chile, and Binance launches a Latam-focused remittance solution.
Worldcoin Reaches Record Verifications in Argentina
Worldcoin, the biometric ID and digital wallet project, has recently announced it reached a record in daily verifications in Argentina. In a press release, Worldcoin reported that due to the high demand for the project, they had reached 9.5k verifications in a single day in August. Worldcoin achieved this milestone with only four verification stations located in four different cities of the country.
Alex Blania, one of the co-founders of the Worldcoin project, detailed this was possible in Argentina because it was “one of the most crypto-forward countries in the world.” He said he considered it an “explosive building ground” for crypto innovation.
However, the Argentine data regulation has an ongoing probe against Worldcoin, inquiring about how the project uses the biometric data of Argentine citizens and the procedures it follows to safeguard the confidentiality of this personal information.
Circle Teams up With Mercado Pago to Bring USDC to Chilean Customers
Circle, the stablecoin company, has partnered with Mercado Pago, the digital wallet of the e-tailer giant Mercado Libre, to list its USDC stablecoin on the platform. The partnership allows Chilean customers of the company to access a dollar-pegged stablecoin in the wallet’s platform, opening savings and hedging opportunities to two million customers.
Matías Spagui, Senior Director of Mercado Pago, stressed that the partnership seeks to diversify access to cryptocurrencies for the platform customers and allow its users to have an alternative currency that matches the value of the U.S. dollar.
Binance Launches “Send Cash” Remittance Solution
Binance announced the launch of “Send Cash,” a Latam-focused remittance solution that seeks to ease the process of transferring funds directly to bank accounts in Argentina and Colombia using crypto.
Users from 9 countries of the region, including Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, Dominican Republic, Panama, and Mexico, can now make remittances to friends and family, avoiding using third parties to exchange crypto for fiat currency and opening the door for less crypto savvy users take advantage of these technologies.
About this development, Min Lin, Regional VP for Latin America at Binance, declared:
This is another step forward for Binance, which renews its commitment to the crypto industry in Latin America, to the expansion of the benefits it offers in terms of financial inclusion, and to developing new ways of using crypto in everyday life.
To follow all the latest developments in crypto and the economy in Latin America, sign up for our Latam newsletter below.
What do you think about this week’s Latam Insights report? Tell us in the comment section below.
Binance Blockchain Week Brings the Best of Web3 to Istanbul
ISTANBUL – July 18th, 2023 – Binance is excited to announce that its flagship Binance Blockchain Week conference is coming to Istanbul, Turkey on November 8 and 9, 2023. Binance Blockchain Week brings innovative leaders and conversations together to further the development and adoption of blockchain and Web3. The event will focus on the future of Web3, including how blockchain and crypto can empower the next billion people to improve their everyday lives.
The conference will feature over 100 prominent leaders, innovators and influencers as speakers across two stages. People will engage in valuable conversations around Web3 and the latest industry innovations, trends and issues — evoking ideas, facilitating development, making connections, and finding solutions to challenges.
More than 2,000 people are expected to attend from all over the world, with millions more tuning in to the event virtually through Binance Live’s stream. A wide range of topics and discussions will be explored, including how to empower new blockchain users and participants, as well as the ways to establish a cooperative future between traditional and decentralized finance. The conference will also host immersive exhibitions and workshops on building businesses, bootstrapping, and creating successful projects on the blockchain.
“We look forward to hosting the global community and innovators at Binance Blockchain Week. Our objective is to continue building the Web3 and blockchain industry together, expanding on its potential to improve financial equity and positively impact society overall,” said Yi He, Co-Founder and Chief Marketing Officer at Binance.
“Turkey is a strong backbone of the global crypto ecosystem. On top of having one of the highest crypto adoption rates globally, Turkey is also where traditional finance embraces the future of blockchain. It’s a dynamic destination for attendees to learn more about blockchain and be part of the new era of finance as we gather in a leading region of innovation to build for the future of the industry together,” added Yi.
Join Binance for a vibrant conference exploring how blockchain and crypto can empower the next billion people worldwide. Tickets are on sale now, with early bird specials available for those who are fast.
The upcoming event in Istanbul follows the incredible successes of Binance Blockchain Week in Dubai and Paris last year. Follow Binance for more information and updates on the event. For sponsorship and partnership opportunities, please reach out to the events team at binanceblockchainweek@binance.com.
About Binance.com
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by trading volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com
Media Contact
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Bitget Brings AI Power to Grid Trading Strategies
PRESS RELEASE. VICTORIA, Seychelles, July 11, 2023 – Bitget, top crypto derivatives and copy trading platform, has launched an AI-powered feature for its Grid Trading strategies. The new feature aims to make this sophisticated investment method more accessible for new crypto traders without profound expertise in trading.
Grid trading is a quantitative strategy that utilizes trading algorithms to automate transactions for users. It involves trading algorithms that place buy and sell orders within a predefined price range at specified time intervals and follow a “buy low, sell high” strategy to execute trades. In volatile cryptocurrency markets, grid trading bots help eliminate emotional decision-making and efficiently execute a preplanned strategy, saving time and enhancing effectiveness.
The grid trading strategy involves analyzing historical data to identify market trends and optimize trading parameters for specific market cycles. By studying price movements and volatility under various conditions, traders can determine the price range and intervals between buys and sells. This strategy relies on patterns that emerge from extensive datasets, providing insights into asset performance at different stages. While grid trading was traditionally accessible to experienced traders, Bitget’s AI Grid Trading enables beginners to leverage this strategy without requiring extensive expertise in the field.
Bitget’s AI feature offers benefits for both novice and experienced traders. Users can select from a range of AI bots, including “conservative,” “secure,” and “aggressive,” catering to different risk appetites. The conservative algorithms are designed for risk-averse beginners, while the secure algorithms target balanced, risk-neutral investors. The aggressive algorithms aim to maximize returns for experienced and frequent traders. This diversified selection of AI bots provides users with tailored options to suit their individual trading preferences and goals.
“The new feature aligns with Bitget’s goal of providing tools for users to trade smarter. AI products can make sophisticated strategies more accessible, resulting in more reliable systems and optimized profits,” said Gracy Chen, managing director at Bitget.
She also added,”The financial sector has long embraced AI, and the rise of AI-powered products will undoubtedly enable more accessible complex strategies. As a leading crypto exchange, Bitget will introduce AI in a safe manner to help traders generate more robust strategies and maximize their returns.”
The Grid Trading AI feature follows the launch of Bitget’s Martingale AI in June. The solution makes a complicated strategy more intuitive, accessible, and user-friendly. The Martingale strategy involves progressively increasing the investment size after each loss to recover losses and generate profits.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, official eSports events organizer PGL and Dota 2 Bali Major. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Play-to-Earn Is Dead, But ScapesMania’s Launch Brings a Vital Alternative In Light of the P2E Apocalypse
PRESS RELEASE. P2E projects have reached a dead-end due to the inherent issues of the model. Token Prices and user bases are plummeting and revenue streams of such projects are no longer functioning. So, is this it for the P2E, and is there a way out?
May 4, 2023, MAHÉ, SEYCHELLES – After a tumultuous two years, the market cap for GameFi tokens stood at a staggering Billion USD at the start of 2022. Fast forward to 2023, and that amount stands at a much cooler figure of just over Billion USD.
Experienced game developers like Red Pill Company put this down to one simple fact – that these games did not focus on creating sustainable project revenue streams and engaging mechanics for the players. As a result, a project’s revenue streams become non-existent, and the project dies. When there is a significant decline in the crypto space, the benefits become much less attractive for players – and that is what has been seen in the industry this past year.
Simply put, not enough focus has been put on creating mechanics that attract and retain players and diverse and functional revenue streams. Now that the classic P2E games are not earning well, they have become defunct. The P2E market as we know it has died.
How ScapesMania Takes the Best from the Casual Market
On the flip side, there has been a notable increase in the casual Web2 gaming market in the same time period. Sidestepping the difficulty of fluctuating markets and relying instead on fantastic and engaging gameplay, Web2 casual gaming has stormed ahead of the competition. What’s more, the crucial parts of casual projects are the engaging gameplay that keeps players coming back, as well as well-established and functioning project revenue streams that allow the projects to prosper.
Precisely in this vein, the experienced blockchain game dev studio Red Pill Company has designed their newest project, ScapesMania, to capture some of the growing casual gaming market that has already reached .51 Billion in revenue in 2022 and is projected to hit .9 Billion by 2027.
With a hybrid-casual approach, ScapesMania sidesteps the issues of the dying P2E market by, to put it simply, not being a P2E and focusing on the gameplay and functioning project revenue streams. ScapesMania will appeal to the mass audience of Web2 casual players with its engaging mechanics and colourful art style.
For Web3 users, the benefits are numerous – token holders can influence the project’s direction through DAO Governance and make decisions on various events and features, such as buyback, burn and token staking, and receive game engagement benefits, as well as impact the development of an entire ecosystem of different games connected through the $MANIA token. Collaborate with a project that has enormous market dominance potential!
$MANIA Token Sale – Join the Whitelist!
The native $MANIA token which is the powerhouse behind the ecosystem will soon become available for purchase in a multi-stage token pre-sale, with a total of 1,280,000,000 tokens available. Discounts of 80% on the first 250,000,000 tokens are available until they sell out, reducing to a final discount of 10% in the public sale.
The $MANIA token sale will be available via the official website. Following the token sale, $MANIA will list on CEXs at a starting price of .01 USD.
Red Pill Company is also currently hosting an amazing giveaway of 0,000 in $MANIA tokens to celebrate the pre-sale. Token holders can also enjoy amazing bonuses and can earn tokens from the generous referral program. The pre-sale will start soon, so join the Whitelist now via this link to get notified! Note that the number of places is limited, so don’t wait to sign up.
To find out more about how ScapesMania is revolutionizing the Web3 gaming sector, visit the website.
About Developer
Red Pill Company is an international BNB Grant-Winning developer of Web3, Games and Software with a pool of incredible staff with decades of combined experience.
ScapesMania Links
Website: https://scapesmania.io/
Whitepaper: https://scapesmania.io/whitepaper.pdf
Introduction Video: https://youtu.be/6msK-m6QUyw
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania
Telegram Announcements: https://t.me/scapesmaniaAnn
Discord: https://discord.gg/scapesmania
Medium: https://medium.com/@scapesmania
YouTube: https://www.youtube.com/@scapesmania
Media Contact Information
Marketing Requests:
Juli
Telegram: https://t.me/redpill_marketinghead
Business Requests:
Greg
Telegram: https://t.me/redpillbd
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin Nears $29,000 As Fed Rate Hike Brings Clarity To Market
As of the first quarter of 2023, Bitcoin (BTC) has shown impressive performance as one of the top-performing assets. The cryptocurrency is currently on track to surpass the ,000 level, with market uncertainty reducing following the Federal Reserve’s (Fed) rate hike.
Bitcoin is setting its sights on the next major milestone of ,000. Breaking through the resistance level at ,600 could pave the way for further gains and allow Bitcoin to reach levels lost during the crypto winter of 2022.
Will Bitcoin Have Enough Fuel To Breach Higher Levels?
Bitcoin’s price has held the ,000 support well, indicating intense buying pressure at that level. However, according to a recent post by the trader and analyst Rekt Capital on Twitter, the price is struggling to break through the higher high trendline resistance, as seen in the chart below, preventing it from reaching new highs.
The analyst suggests that breaking through the ,500 price point would be a critical bullish trigger, indicating a solid buying momentum by the bulls and potentially paving the way for further price increases.
If Bitcoin were to lose the ,000 support level, it would signal a bearish trend. Nevertheless, Bitcoin was able to bounce back before the Federal Open Market Committee (FOMC) announcement, recovering from the ,600 level. This recovery should be a significant support level for any future decline in Bitcoin’s price, along with the ,200 floor.
Furthermore, suppose Bitcoin continues to struggle to make new highs. In that case, it could be a sign that the market needs a pullback to gather strength before moving higher, like the pullback and further short squeeze that happened in February, falling from the ,000 resistance.
A dip in Bitcoin’s price could be a healthy development for the most significant crypto in the industry, as it would allow the market to reset and potentially create a stronger foundation for the next leg up.
What Is The Potential Retracement For BTC In The Event Of A Pullback?
According to a recent blog post by analyst Justin Bennet, Bitcoin has already tested the macro resistance level during Wednesday’s FOMC volatility period, which is placed at ,900.
Bennet suggests that “liquidation clusters,” which refer to a concentration of investors forced to sell their positions due to margin calls or liquidation events, can often serve as a magnet for Bitcoin.
According to Bennet, more long liquidations are below current levels than short liquidations above ,000. This suggests that there may be more selling pressure in the market, which could lead to further price decreases.
In a downtrend scenario for the most prominent cryptocurrency in the market, the ,200 will serve as a critical trench for bulls, along with the 200-day moving average, if they want to keep control of the current trend in the market. On the other hand, Bitcoin has held well in the ,000 zone, which can serve as a minor pullback to retest the macro resistance level and reach the ,000 milestone.
Despite its recent dip in price, Bitcoin has seen a 17% increase in value so far in March, having rallied from its monthly low of under ,800 on March 10. Year-to-date, Bitcoin’s value has increased by 66%, noting the importance that the cryptocurrency has recorded in the past months amid the financial banking crisis.
Featured image from Unsplash, chart from TradingView.com
India Brings Crypto Transactions Under Prevention of Money Laundering Act
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s efforts to prevent virtual digital assets “from being misused by bad actors.”
India Applies PMLA to Crypto Transactions
India’s Ministry of Finance published a gazette on Tuesday notifying that certain crypto activities “when carried out for or on behalf of another natural or legal person in the course of business” will be subject to the Prevention of Money Laundering Act, 2002 (PMLA).
According to the notice, the exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of virtual digital assets, and the transfer of virtual digital assets will be covered under the money laundering law. Moreover, the safekeeping or administration of virtual digital assets and the participation in financial services related to the offer and sale of virtual digital assets will also fall under the purview of the PMLA.
Sharat Chandra, co-founder of India Blockchain Forum, told local media that this notification is a great step towards compliance for the crypto industry. He was quoted as saying:
It mandates entities dealing in crypto to follow KYC [know your customer], anti-money laundering regulations, and due diligence as followed by banking and other financial entities which fall under the classification of reporting entities under PMLA.
Sumit Gupta, co-founder and CEO of Indian crypto exchange Coindcx, commented: “Slowly but surely, we are moving towards a regulated crypto ecosystem.”
Ashish Singhal, co-founder of crypto investing app Coinswitch, opined:
Finance Ministry’s notification to bring VDA [virtual digital asset] transactions under PMLA is a positive step in recognizing the sector. This will strengthen our collective efforts to prevent VDAs from being misused by bad actors.
The government of India recently led discussions on cryptocurrency regulation among G20 finance ministers and central bank governors. At the conclusion of the G20 meeting for finance chiefs, India asked the International Monetary Fund (IMF) and the Financial Stability Board (FSB) to collaborate on a joint paper to help countries formulate comprehensive crypto policies. India’s Finance Minister Nirmala Sitharaman has repeatedly called for international cooperation on crypto regulation.
What do you think about the government of India applying the Prevention of Money Laundering Act to cryptocurrency transactions? Let us know in the comments section below.