PRESS RELEASE. Kyoto, Japan, June 26, 2024 – The IVS KYOTO Executive Committee (Headline Japan, IVC, Kyoto Prefecture and Kyoto City) is thrilled to unveil the detailed agenda for IVS Crypto 2024 KYOTO with Japan Blockchain Week Summit, set to be the main event of Japan Blockchain Week 2024. This premier event, taking place from […]
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TRON DAO at Consensus 2024 With Exclusive Whale Night Event
PRESS RELEASE. Geneva, Switzerland, June 7, 2024 – TRON DAO proudly marked its significant presence at Consensus 2024, held in Austin, Texas, as a 3 Block Sponsor. This premier blockchain and digital asset event brought together industry leaders, policymakers, and innovators to engage in crucial discussions shaping the future of the blockchain ecosystem. Consensus 2024: […]
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EigenLayer’s Exclusive $15 Billion Token Launch: Who’s In And Who’s Out?
The crypto world is currently abuzz with the launch of EigenLayer’s new token, EIGEN, which has quickly become one of the year’s most anticipated digital asset events.
According to Bloomberg, the project has attracted significant attention for its approach to decentralized finance (DeFi) and its “controversial” decision to exclude users from certain jurisdictions, including the US, China, and Canada, from participating in the token distribution.
EigenLayer Challenges And Opportunities in Token Distribution
EigenLayer, a DeFi protocol based in Seattle, has made waves in the industry by introducing a concept known as restaking. This method aims to increase rewards on the Ethereum blockchain by allowing users to deposit ETH to help operate the network.
According to data from DeFiLlama, since its debut in 2023, EigenLayer has attracted over billion in assets, demonstrating the significant interest and potential of this new approach.
The launch of the EIGEN token is set to commence with an airdrop, a process where tokens are distributed to users based on certain criteria, including a points system that rewards early service adopters.
Kunal Goel, an analyst at Messari, noted that anticipating this airdrop was a “primary incentive” for users to place funds in EigenLayer’s service.
However, the excitement has been tempered by the fact that many participants who accumulated points are now barred from claiming their tokens due to using virtual private networks or residing in excluded countries.
Robert Drost, executive director at the Eigen Foundation, explained that the exclusions were a necessary step to adhere to regulatory guidelines, which are often unclear and challenging to navigate, noting:
It’s not possible to operate in the space without following regulatory guidelines and being responsible, and the challenging part is that there is not a lot of clarity.
This sentiment was echoed by Nick Cote, co-founder of Secondlane, who noted:
Issuers not being upfront with jurisdictional restrictions leaves a sour taste in people’s mouth when it comes time to receiving your rewards, and then you find out you’re disqualified for X, Y, Z reason.
Impact On The Broader DeFi Ecosystem
EigenLayer’s restaking service is not just a new feature in the Ethereum ecosystem; it represents a shift in how applications can leverage the deep pool of transaction validators that underpin Ethereum.
This service increases the yield from staking ETH – from a baseline of around 3% to higher rates, albeit with additional risks.
As a result, EigenLayer has risen to become the “second most popular DeFi application,” as reported by Bloomberg, partly at the expense of liquid staking protocols like Lido and Rocket Pool, which have seen significant outflows in recent months.
According to DeFiLlama, liquid staking protocols have experienced a more than 20% decline in total value locked since their notable high above billion in March.
Meanwhile, according to a recent report from IntoTheblock, nearly 4% of all ETH is now restaked using EigenLayer, showcasing the project’s growing popularity.
EigenLayer recently surpassed B in TVL.
Nearly 4% of all ETH, and 40% of liquid staking tokens (LSTs) supply is currently being restaked into EigenLayer pic.twitter.com/LZ0vbp3L3z
— IntoTheBlock (@intotheblock) April 26, 2024
Featured image from Unsplash, Chart from TradingView
Exclusive ‘Epic Satoshi’ Auction Launches, Bids Already Double to 2 BTC
Coinex has launched the auction for the ‘epic satoshi’ from the fourth halving, originally mined by the mining pool Viabtc. This event, marking Sat # 1,968,750,000,000,000, commenced with a starting bid of 1 bitcoin. Following ten subsequent bids, the highest offer has reached 2 bitcoins (2,298). This heightened interest in the rare satoshi is tied […]
Bitcoin News
Bitcoin.com Announces Launch of Verse Voyager NFTs With Exclusive Airdrop — Public Sale to Start April 24
Bitcoin.com, a trailblazer in the cryptocurrency domain since 2015, is thrilled to unveil the highly anticipated Verse Voyager NFT collection, which has officially launched with an exclusive airdrop of nearly 10% of the collection’s supply to early community participants. The public sale is scheduled to commence on April 24th at https://voyager.verse.bitcoin.com/, making this innovative series […]
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Vave Launches Exclusive $150,000 Porsche Tournament
PRESS RELEASE. Vave, the premier crypto gambling platform, is set to ignite the gaming scene this spring. With its exciting Porsche Tournament, the company offers players the chance to win big, including the ultimate prize of a brand-new Porsche 911! And that’s just the beginning – luxury watches, exotic resort escapes, and other amazing rewards […]
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Wu-Tang’s Ghostface Killah to Release Exclusive Music Collection on Bitcoin Blockchain
This week, the popular American rapper and Wu-Tang Clan member, Ghostface Killah, declared his intention to release exclusive tracks on the Bitcoin blockchain. The influential hip-hop artist mentioned that this issuance will encompass a 10,000-piece collection, granting owners the rights to the music. Ghostface Killah Innovates With Bitcoin-Backed Music Rights Collection Tracks produced by Wu-Tang […]
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10101.Art’s Exclusive Banksy ‘Turf War’ Pre-Sale Marks Milestone in Art Tokenization
PRESS RELEASE. In a groundbreaking development within the art and crypto markets, 10101.art has achieved a remarkable milestone with the successful pre-sale of Banksy’s ‘Turf War’. This event, selling out 300 pieces in a mere two hours, has created a buzz in the crypto community and resonated powerfully within the digital finance world, signaling a significant advancement in the fusion of art with blockchain technology.
Pioneering Art Tokenization
At the forefront of the art industry, 10101.art is leading the way in the tokenization of legendary masterpieces. This transformative process clearly demonstrates how blockchain technology is redefining interactions with high-value artworks by artists such as Picasso, Dali, Banksy and many others.
By converting physical art into digital tokens, 10101.art is expanding the horizons of art ownership and making elite art accessible to people around the world. This initiative marks a shift in art engagement, merging the allure of high quality art with the dynamic world of NFTs and decentralized finance.
Banksy’s Legacy in the Digital Era
With the help of 10101.art Banksy, the enigmatic street artist known for challenging norms and pushing boundaries, has once again captured the spotlight with ‘Turf War.’ This piece, renowned for its daring blend of social and political themes, has evolved beyond traditional canvas boundaries to become a desired digital item.
Presale of Banksy’s ‘Turf War’ was broadcasted across various platforms, reaching a wide audience through 10101.art’s social media channels like Twitter, Discord, and Telegram, and gaining attention in prominent media outlets. The exclusive offering consisted of 300 pieces priced at each, a part of the total 1500 pieces that make up the entire artwork.
The presale’s success not only reflects Banksy’s indelible impact on the art world but also marks the first steps in uniting fine art and digital finance, marking a new chapter in how art is valued and traded in the modern era.
Roadmap to Accessible Art Ownership
The process of owning a piece of iconic artworks like Banksy’s ‘Turf War’ on 10101.art begins with a simple integration of the user’s cryptocurrency wallet, signifying the first step into a new realm of art acquisition. Once the wallet is connected, users can seamlessly acquire and transfer crypto, preparing them for the minting process.
The minting experience is designed to be intuitive and engaging. Presently, users can effortlessly purchase a piece of their chosen artwork with just a few clicks. In the future, this experience will evolve, offering users the ability to explore and select from a diverse range of art collections. They will have the freedom to choose and mint pieces from various artworks, aligning with their personal tastes and preferences.
Once the minting is completed, the purchased piece of the artwork becomes accessible in the user’s wallet, symbolizing their legal co-ownership of a physical piece. This is made possible through 10101.art’s innovative legal structure and DeFi protocol, ensuring a seamless blend of digital and physical art ownership.
Furthermore, 10101.art’s partnership with the Monada Art Gallery in Dubai adds a crucial physical dimension to this digital ownership journey. The gallery not only displays the originals of the artworks featured on the platform but also enhances the tangible experience of art ownership.
Upcoming Banksy Sale
Now 10101.art is preparing for the main sale of ‘Turf War’, an event that is expected to cement the platform’s position as a leader in the art tokenization space. With details of the sale to be announced shortly, this event is expected to attract a wide range of art and crypto enthusiasts eager to secure one of the remaining 1200 pieces and become part of this innovative project.
To learn more about the project and stay updated on the upcoming main sale of Banksy’s ‘Turf War,’ visit 10101.art’s website.
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.
El Salvador Introduces Exclusive Citizenship Through $1 Million Crypto Investment
El Salvador has unveiled a new citizenship investment program, the “Freedom Visa,” open to a limited number of applicants. By investing million in bitcoin or tether, participants can secure Salvadoran citizenship.
El Salvador’s Bold Bid: Citizenship for Crypto Millionaires
In a newly announced move, El Salvador, recognized for granting bitcoin (BTC) legal tender status in 2021, has now launched the “Adopting El Salvador Freedom Visa” program. With an annual cap of 1,000 participants, this initiative aims to draw high-net-worth individuals, offering them residency and eventual citizenship in return for their investment, mirroring several Visa schemes in a wide array of nations.
The program’s framework requires a million investment in BTC or USDT, with successful applicants gaining eligibility for a Salvadoran passport and citizenship. Adriana Mira, El Salvador’s Vice Minister of Foreign Affairs, highlighted the program as a significant step for those wishing to contribute to El Salvador’s prosperous future.
“The ‘Adopting El Salvador Freedom Visa Program’ offers an extraordinary opportunity for individuals to actively participate in shaping a prosperous future for our nation,” Mira stated.
The Ministry of Foreign Affairs anticipates the new Visa program could rake in around billion per annum. The announcement details that the newly launched Salvadoran program is designed to empower participants in shaping a future that promises to redefine standards in culture, safety, technological advancements, and societal development.
Notably, Tether, the world’s largest stablecoin issuer, plays a critical role as the technology partner in this initiative. Paolo Ardoino, Tether’s incoming CEO, emphasized the significance of their collaboration with the Salvadoran government. He stated, “This initiative highlights our commitment to supporting cities and communities in their pursuit of financial freedom and innovation.” Despite the higher value compared to other nations, backers of the new Salvadoran Visa program say demand is already high.
Max Keiser, a well-known figure in the crypto community, commented on the overwhelming demand for the program, stating that they are already “overwhelmed with requests” and have “110 in process.” “People around the world are concerned by the downward trajectory of most countries, including [the U.S., U.K., EU], ect, into socialist, SJW hellholes — see [President] Nayib Bukele as humanity’s and economic freedom’s only hope. Literally, THE SAVIOR,” Keiser added.
What do you think about El Salvador’s new citizenship investment program? Share your thoughts and opinions about this subject in the comments section below.
Xi Jinping: BRICS to Forge Stronger Partnership, People Do Not Long for New Cold War or Small Exclusive Bloc
Chinese President Xi Jinping stated at the BRICS summit that “What people in various countries long for is definitely not a new Cold War or a small exclusive bloc.” He stressed that the BRICS group will expand and promote global multipolarity. “Hegemonism is not in China’s DNA; nor does China have any motivation to engage in major-power competition,” Xi claimed.
Xi Jinping’s BRICS Summit Speech
Chinese President Xi Jinping arrived in South Africa on Monday to attend the 15th BRICS Summit in Johannesburg. All leaders of the BRICS nations (Brazil, Russia, India, China, and South Africa) are attending, with Russian President Vladimir Putin participating via videoconference. In addition, more than 40 other heads of state are also attending, according to South Africa, the host of the BRICS summit this year.
On Tuesday, the Chinese leader was scheduled to deliver a speech at the BRICS Business Forum, a key event at the summit, alongside other BRICS leaders. However, Xi unexpectedly skipped the event. Instead, Chinese Commerce Minister Wang Wentao delivered Xi’s prepared statement at the forum.
According to Xi’s statement, “Right now, changes in the world, in our times and in history are unfolding in ways like never before, bringing human society to a critical juncture.” Noting that “Our world today has become a community with a shared future in which we all share a huge stake of survival,” the Chinese president stressed:
What people in various countries long for is definitely not a new Cold War or a small exclusive bloc; what they want is an open, inclusive, clean and beautiful world that enjoys enduring peace, universal security and common prosperity. Such is the logic of historical advance and the trend of our times.
Xi explained that the rise of emerging markets and developing countries (EMDCs) represented by the BRICS economic bloc is ”fundamentally changing the global landscape.” He stressed, “Whatever resistance there may be, BRICS, a positive and stable force for good, will continue to grow,” emphasizing:
We will forge stronger BRICS strategic partnership, expand the ‘BRICS Plus’ model, actively advance membership expansion, deepen solidarity and cooperation with other EMDCs, promote global multipolarity and greater democracy in international relations, and help make the international order more just and equitable.
“The gathering between BRICS countries and more than 50 other countries in South Africa today is not an exercise of asking countries to take sides, nor an exercise of creating bloc confrontation. Rather, it is an endeavor to expand the architecture of peace and development. I am glad to note that over 20 countries are knocking on the door of BRICS. China hopes to see more joining the BRICS cooperation mechanism,” Xi’s statement details. According to South Africa, 23 countries have formally applied for BRICS membership. The Chinese leader further stated:
Hegemonism is not in China’s DNA; nor does China have any motivation to engage in major-power competition. China stands firmly on the right side of history, and believes that a just cause should be pursued for the common good.
What do you think about the statements by Chinese President Xi Jinping? Let us know in the comments section below.