PRESS RELEASE. Toronto [May 29, 2024] Blockchain Futurist Conference is coming together with Emerald, America’s largest producer of business-to-business trade shows, and their associated conferences, content and commerce, to grow the Canadian show and expand to the US Market. As Canada’s largest and longest-running Web3 event, Blockchain Futurist Conference has been a cornerstone of the […]
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“Scaling Bitcoin Together” Event Set to Unite Bitcoin Leaders in Hong Kong
PRESS RELEASE. As a part of Bitcoin Asia Week 2024, the “Scaling Bitcoin Together” event will take place on May 11, 2024, in Hong Kong. This event will bring together top blockchain experts to discuss how to grow the Bitcoin ecosystem. The “Scaling Bitcoin Together” aims to foster discussions that propel the development of the […]
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Bringing Two Worlds Together: Kinetex Announces ZK Light Client For Bitcoin
PRESS RELEASE. Kinetex is excited to introduce BTCX, a Bitcoin ZK light client built with Succinct Labs. Developed using Succinct’s plonky2x framework and deployed seamlessly through its unified proving stack, BTCX enables EVM-compatible networks to verify the Bitcoin state directly without any centralized actors in between. The creation of this solution is the first step […]
Bitcoin News
Bringing Two Worlds Together: Kinetex Announces ZK Light Client For Bitcoin
PRESS RELEASE. Kinetex is excited to introduce BTCX, a Bitcoin ZK light client built with Succinct Labs. Developed using Succinct’s plonky2x framework and deployed seamlessly through its unified proving stack, BTCX enables EVM-compatible networks to verify the Bitcoin state directly without any centralized actors in between. The creation of this solution is the first step […]
Bitcoin News
Payu Coin Looks To Bring Meme Coins Together In One, Ultimate Platform
PRESS RELEASE. Payu Coin ($PAYU) aims to become the premier platform bringing together meme coins on the Binance Smart Chain (BSC). Its strategic features set it apart in the competitive market which is often highly volatile and unpredictable with plenty of participants.
What Makes Payu Coin Stand Out?
Firstly, there is the efficiency of BSC. Payu Coin leverages the speed and cost-effectiveness of the Binance Smart Chain, ensuring rapid transactions and minimal fees, establishing it as a go-to platform for crypto enthusiasts.
Another standout characteristic when it comes to Payu Coin is the absence of tax deductions and transaction fees for buying and selling. This user-centric approach enhances the overall experience, making Payu Coin an advantageous choice for traders. Moreover, the platform’s extensive community presence on X, Telegram, Instagram, and TikTok not only fosters a sense of belonging but also showcases the project’s reliability and potential for future success.
Forging A Path To Success
Also, drawing inspiration from successful ventures such as $DOGE in 2020, $SHIB in 2021, $PEPE in 2022, and the ‘Bonk’ meme coins craze last year, Payu Coin aims to forge its own path to success in the financial realm throughout 2024. With a well-defined vision, Payu Coin has set specific targets going forward. The primary goal is to boost its market value to an ambitious level of .00000006048 by removing at least two zeros. Following this, the second milestone involves a targeted increase in the average price to .0000009072.
In its initial phases, Payu Coin also aims to achieve a market value ranging between million and million. This initial success is seen as a crucial stepping stone towards the coin’s overarching objective of reaching a market value of 0 million. This milestone signifies substantial growth and widespread recognition within the cryptocurrency sphere. As Payu Coin navigates its path, these strategic goals underscore its dedication to making a lasting impact in the evolving landscape of digital currencies.
Is It Safe?
One of the most crucial aspects of any crypto-oriented platform is that of security. Hacks and digital exploits of various kinds are unfortunately commonplace in this burgeoning industry, which is precisely why Payu Coin has taken the bold step of relinquishing ownership, a move designed to secure the future by preventing the creation of new Payu Coins. This commitment to stability and predictability aims to instill confidence among investors.
In addition, with 80% of its total supply permanently locked on PancakeSwap, Payu Coin actively mitigates risks associated with rugpulls, ensuring a secure environment for investors. The platform’s unwavering commitment to security is further highlighted by its 100% trust rating from independent auditing organizations such as Tokensniffer, Quick Intel, Safu, Goplus, and Certik. The completion of KYC verification further solidifies its credibility. Apart from being available on PancakeSwap, $PAYU can also be bought via the MEXC and Bitget exchanges.
What Else Does Payu Coin Offer?
Payu Coin aims to break new ground in the crypto landscape through its innovative applications and ambitious objectives. Serving as a trailblazer in the industry, Payu Coin introduces a Web3-based transfer platform that facilitates seamless cross-border transactions globally. This platform supports a range of wallets, including PayPal, Zelle, Venmo, Skrill, EnPara, and Beem. Notably, PayPayu extends its versatility by accommodating 350 different cryptocurrency wallets, providing users with the flexibility to engage in transactions with a diverse array of cryptocurrencies.
Also, PayPayu collaborates with major meme coins, enabling users to effortlessly make transfers if they hold these coins in their wallets. The innovation continues with the beta testing of the PayPayu App for mobile payment systems, aiming to become the first meme coin facilitating mobile payments and integrating cryptocurrencies into daily transactions.
Looking ahead, Payu Coin has set ambitious goals for itself, aiming to achieve over 300,000 holders and a million market cap by 2024. Plans include listings on major exchanges such as KuCoin, Bybit, Binance, and Coinbase, as well as expanding its social media community to 1 million followers and forging global collaborations with social media companies. The project has allocated a 0,000 budget for advertising and promotion in 2024.
About Payu Coin
Payu Coin emerges as a distinguished player amidst today’s ever-changing crypto landscape dominated by derivative tokens such as $PEPE, $DOGE, $FLOKI, $PITBULL, $QUACK, $HAMSTER, and $SHIBA. Having observed the transient prominence of Inu-themed tokens, Payu Coin now seeks to ascend as the definitive sovereign of the memetic coin realm.
In a deliberate departure from prevailing trends, Payu Coin has been strategically introduced without a presale, ensuring transparency and equitable distribution. With the elimination of taxes alongside the burning of the liquidity pool, $PAYU stands as a coin designed to serve the collective interests of its community, perpetually.
Headquartered in Palo Alto, California, Payu Coin holds a cryptocurrency payment and transfer license in California, with intentions to secure licenses in several other states. Beyond its financial scope, the project also ventures into game development, seeking collaborations with major gaming companies to broaden the utility and reach of Payu Coin.
Ultimately,this distinctive memecoin encapsulates an inclusive opportunity for all participants, making it a compelling choice in the vibrant landscape of memecoins. Fueled by the sheer force of memetic influence, $PAYU beckons as a guiding beacon for enthusiasts.
For more detailed information and to explore Payu Coin, please visit the official website as well as its various social media channels for regular updates.
Social Links
Certik Audit;
https://skynet.certik.com/projects/payu
Payu Twitter;
Payu Instagram;
https://www.instagram.com/payu.coin/
Payu TikTok;
https://www.tiktok.com/@payu.coin
Payu Telegram;
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.
FTX’s-Sam Bankman-Fried Puts Trial Defense Together With 7 Expert Witnesses
Sam Bankman-Fried (SBF), the founder of the defunct FTX exchange, is set to face trial in October, barring any postponement. Amid the fracas, the former exchange CEO has maintained that he isn’t guilty of all these charges leveled against him and will be reportedly bringing expert witnesses to prove his innocence.
Sam Bankman-Fried Defense To Call Seven Expert Witnesses
According to a Bloomberg report, Sam Bankman-Fried is employing the services of seven different expert witnesses to help bolster his case. These expert witnesses may form part of SBF’s defense, and if so, they will be allegedly paid ,200 an hour to testify in favor of FTX’s former CEO.
This means that SBF’s defense could be spending up to ,400 an hour for these expert witnesses, a staggering figure given that high-profile trials like these can drag out for a long time.
This list of expert witnesses released so far includes Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella, and Andrew Di Wu.
Expert witnesses are persons with specialized knowledge in a particular field. They are usually called upon in court proceedings to break down complex or technical issues that the Judge and the jury may not be conversant with.
According to the defendant’s notice, SBF’s expert witnesses will give evidence of various issues, including campaign finance laws, the finances of FTX and its sister company, Alameda Research, and the crypto exchange’s software infrastructure.
However, it is surprising that SBF is calling an expert witness to give background information on the US campaign finance laws, considering that the prosecution had dropped the charge of him violating campaign finance rules.
The charge was dropped because it didn’t form part of the US government’s extradition agreement with the Bahamas government, and thus had no legs to stand on. But it seems defending himself against such allegations is important to the FTX founder given he is preparing a defense for it.
DOJ Objects To SBF’s Expert Witnesses
In reply to SBF’s notice of his expert witnesses, the government has filed a motion to exclude the testimony of these witnesses. The prosecutors argue that these experts and their accompanying disclosures suffer from an “array of deficiencies” that necessitate their exclusion.
For one, their opinions have no basis as required by the Federal Rule of Criminal Procedure. According to the prosecutors, their opinions, among other things, are “irrelevant, unfairly prejudicial, and confusing to the jury.”
They further argue that these experts will offer legal conclusions that “invade” the power of the court and the jury, so the court should exercise its “gatekeeping authority” and preclude their testimonies.”
The Prosecutor’s motion contains extensive arguments on why each of these expert witnesses’ opinions should be excluded. They stated that Professor Smith’s testimony is “irrelevant, confusing, and a waste of time” since SBF’s trial doesn’t include a charge stemming from the defendant’s “illegal campaign finance scheme.”
Meanwhile, they argue that Mr. Vinella’s testimony should be excluded on the grounds of qualifications, relevancy, and admissibility. If rejected, they have the court to grant them a Daubert hearing to evaluate his “qualifications, methodology, and the relevance and reliability of his proposed testimony.
Mr. Vinella seems to be SBF’s primary expert witness as he is set to opine on various topics, including FTX’s operations and how the company took “commercially reasonable steps” to protect customers’ funds despite the lack of regulatory clarity in the US.
SBF currently faces seven counts of financial fraud, including wire fraud on FTX and Alameda customers, securities fraud, and money laundering.
BRICS States Should Tackle AI Risks Together, Xi Jinping Says
BRICS nations should address the risks related to artificial intelligence (AI), Chinese President Xi Jinping said during the group’s summit in South Africa. China’s leader is also convinced that the members of the economic bloc must work to standardize the technology.
BRICS Should Strive for AI Standardization, Chinese President Suggests
BRICS members should resist the risks stemming from the implementation of AI technology and work together on its standardization, China’s head of state, Xi Jinping, said at a plenary session of the BRICS summit in Johannesburg. He was quoted by the Russian Tass news agency as stating:
It is necessary to jointly work on lowering the risks related to employment of AI technology and develop the standards of its employment for making AI more secure, reliable and manageable.
Xi also highlighted the key role of a BRICS working group in the cooperation and exchange of information on various issues connected with the adoption of technologies based on artificial intelligence.
Leaders of the BRICS countries – Brazil, Russia, India, China, and South Africa – met in South Africa for their annual summit on Aug. 22-24, with Russian President Vladimir Putin joining the talks via video link. The forum was also attended by the heads of state of around 40 other nations.
Participants discussed a range of topics relevant to the development of their nations as well as the organization’s role on the world stage. These included the question of BRICS expansion as well as the promotion of wider use of local currencies in trade among member states and their partners.
In a statement at the BRICS Business Forum, delivered by Chinese Commerce Minister Wang Wentao, Xi remarked that “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,” adding that “we all share a huge stake of survival” in a “shared future.”
Met with initial enthusiasm, AI-based products such as Openai’s Chatgpt have also raised concerns that AI technologies could potentially displace human intelligence and supplant an array of jobs. Chinese state media have warned that chatbots may be used to spread misinformation while regulators in Italy, for example, were worried about inappropriate content.
Do you think the BRICS nations will act together to adopt common regulations for AI technologies? Tell us in the comments section below.
Standing Together Against Disasters: CoinEx Charity Passes on the Spirit of Charity
PRESS RELEASE. Every year, natural disasters like earthquakes, hurricanes, and floods hit countries around the world, severely damaging local infrastructure and homes and causing casualties. Individuals and communities in the catastrophe-hit areas suffer a heavy loss and need help from the outside badly. For years, numerous public welfare organizations and charitable groups have been actively providing relief and assistance to those affected by disasters worldwide, and among such contributors is CoinEx Charity. Having been committed to disaster relief programs for over a year, CoinEx Charity has joined the global efforts to combat natural disasters by providing food, shelter, and medical assistance for hundreds of affected individuals, with its footprint across the globe.
Since its inception, CoinEx Charity has dedicated itself to supporting disaster-stricken areas around the world by providing free medical, material, and financial assistance for those affected by natural disasters. The organization’s commitment to charity has never wavered. Its charitable actions have reached the most remote and inaccessible areas, bringing key support to victims of disasters.
Disaster Relief
While most natural disasters are unavoidable, CoinEx Charity has extended a helping hand to survivors of natural disasters in time through public welfare campaigns. The organization has played a key role in disaster relief, especially in times of emergency. With quick, effective responses, CoinEx Charity provides assistance and support for survivors.
2023 is a disastrous year for Iran as the country has to cope with multiple crises, including earthquakes and economic challenges. On January 28, a 5.9-magnitude earthquake hit West Azerbaijan in northwestern Iran, killing at least three people and injuring more than 800. The earthquake has devastated the country’s economy, causing job loss and income reduction for many households. At the same time, refugees also grow in number. Actively involved in humanitarian responses in Iran, CoinEx Charity has procured and distributed relief materials including bed sheets, electronic heaters, and tents to people living in disaster-stricken areas. Additionally, the organization also set up temporary shelters for locals affected by the earthquake.
In 2022, the Philippines, Brazil, and Bangladesh suffered typhoons, heavy rainfalls, and floods. Across multiple regions, the disasters destroyed villages and homes. Homeless and without any shelter, many locals faced life-threatening conditions and urgently needed daily supplies.
In the face of the sudden disasters, CoinEx Charity took fast action, and contributed to local relief efforts with donations to the disaster-stricken areas. The organization not only provided shelters for refugees in the Philippines, Brazil, and Bangladesh but also donated basic necessities such as food, clothing, and medical equipment.
Over the past year, CoinEx Charity has played a big role in disaster relief across the globe, and helped millions of people hit by natural disasters such as earthquakes, heavy rainfalls, and typhoons. Such charitable efforts also go on even after the disaster relief. CoinEx Charity has offered living supplies to local impoverished children, making sure that they can access basic necessities such as food, clean water, and medical treatment.
It is fair to say that CoinEx Charity’s relief efforts in the earthquake in Iran are commendable, and its charitable action has alleviated the sufferings of families and individuals hit by the disaster. Yet Iran still faces severe challenges and needs more support to fully cope with the aftermath. The dire circumstances facing Iranians call on more global charities to learn from CoinEx Charity, reach out to the disaster-stricken areas, and tap into the power of charity to help more survivors. Together, we can help locals rebuild their communities, passing on a heartwarming message via charity.
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.
Dogecoin Jumps 10% As Gokhshtein Claims Buterin And Musk Will Work Together For DOGE
Crypto influencer David Gokhshtein has told his nearly 700,00 followers on Twitter that he expects Ethereum co-founder Vitalik Buterin and and Elon Musk to join forces to upgrade Dogecoin.
The Dogecoin price, possibly triggered by Gokhshtein’s speculation, saw a massive spike of more than 12% at one point in the aftermath. The price shot up from .0823 to as high as .0913 on Binance. At press time, however, DOGE was already experiencing a slight correction of the swing and was trading at .0882.
“I feel that we’ll all seen Vitalik and Elon working together to somehow upgrade DOGE”, Gokhshtein tweeted and added that “they won’t work on Bitcoin — well because Vitalik tried that in the past and was kicked and Elon is interested in turning something that started off as a joke into something serious.”
However, it is important to remark that neither Musk nor Buterin have commented on Gokhshtein tweet.
The crypto-influencer is making a pure speculation, presumably based on previous statements made by both individuals. Musk is known to be one of the biggest, if not the biggest Dogecoin (DOGE) supporter. His tweets have caused massive swings in the DOGE price in the past.
Last but not least, there are rumors and hints – which Musk has never fully dispelled – that Musk himself is the biggest holder of Dogecoin (DOGE).
Deep Dogecoin Ties Between Buterin And Musk
Vitalik Buterin, for his part, has already spoken out several times on the subject of a DOGE upgrade from proof of work to proof of stake.
According to Buterin, Dogecoin has been in consideration for a move to proof-of-stake for some time. Buterin shared this assessment at Mainnet 2022, a crypto conference held Sept. 21-23 in New York.
Back in August 2021, the Dogecoin Foundation announced its re-launch. First established in 2014, the foundation has since been able to count on the support of the Ethereum mastermind.
Buterin joined the board of the newly established Dogecoin Foundation as one of its four-member advisory team. A representative of Elon Musk is also on board.
This is not necessarily surprising given the Tesla CEO’s previous activities regarding Dogecoin. Not least, Musk had called for a drastic reduction in transaction fees on the Dogecoin network, among other things.
Moreover, Buterin has donated large amounts of DOGE to the Dogecoin Foundation several times in the past, the last time in November 2021. A year ago, he donated 20 million DOGE.
So, even though Gokhshtein’s statement is pure speculation, there are indeed some connections between the two personalities that make a joint effort not seem impossible.
Blue Chip NFTs 101: CyberKongz Together Strong!
The CyberKongz don’t get the mainstream media headlines, but they’re one of the most solid NFT projects out there. If not the most. They have an active and heavily involved community behind them, and they keep working and innovating while the others sleep. In the NFT world, everyone respects the CyberKongz. Outside, in the real world, nobody has heard of them. And that might be the winning combination.
On their website, they describe themselves as “CyberKongz are unique and randomly generated 2D/3D NFT Social Avatars for your online experiences.” On March 3rd, 2021, the CyberKongz hit Ethereum and Opensea without much fanfare. The brainchild of artist Myoo, the project originally consisted of 1000 randomly generated NFTs. Only 989 were available to the public. One became the collection’s official mascot and the 10 deemed “Legendary CyberKongz” were auctioned off.
Since the Genesis drop consisted of 34×34 pixel images, they quickly became the profile picture of choice for its not-so-many holders. At that time, PFP collections weren’t a thing. Since the CyberKongz and others revolutionized the space, they are. On April 17th, the collection migrated to a new smart contract that contained a few surprises.
The team created a utility token, $BANANA, and the original CyberKongz Genesis yielded 10 tokens a day. At one point in time, this was a modest salary, but the $BANANA token price took a heavy hit since the bear market arrived. In any case, the $BANANA token has actual use cases throughout the CyberKongz ecosystem. For example, to create a Baby Kong costs 600 $BANANA.
Types Of CyberKongz
So far, there are three types of CyberKongz. We already described the Genesis collection. Each of these 1000 NFTs will yield 10 $BANANA every day for the next 10 years. By burning $BANANA, holders can alter their NFTs and give them a name or include a biography. This is the type of innovation we were talking about in the intro. Surely $BANANA is a nice way to reward the first investors in the project, but not the only one.
Two Genesis CyberKongz can breed. For the modest price of 600 $BANANA they can create one of the 4000 randomly generated Baby Kongz. A completely new and different NFT. It’s worth noting that the Baby Kongz don’t inherit the rarity traits of the Genesis CyberKongz, so everyone has the same chance of receiving a rare NFT after breeding.
The CyberKongz VX are 3D Voxel monkeys that are ready for the metaverse. This time there are many more, CyberKongz VX consists of 15000 “voxel-based avatars built to be used in online metaverse environments such as The Sandbox.” Holders can download their 3D assets in the .OBJ, advanced .FBX, .VOX, and .GLTF file formats. They are licensed to use them in merch and create their own derivative artworks with them.
ETH price chart on Bitfinex | Source: ETH/USD on TradingView.com
Quick Cool Facts About The Kongz
- The 10 “Legendary CyberKongz auction was a roaring success. The NFTs went for an aggregated amount of over 200 ETH.
- The project’s charity contributions are unmatched. After the original mint, 60% of the proceeds went to the Cool Earth and Orangutan Outreach organizations. After the CyberKongz VX, 10% went to Virunga National Park and COTAP.org.
- CyberKongz VX is “the first-ever randomly generated NFT collection created using VoxEdit,” the 3D Voxel creation tool by The Sandbox.
- Inside The Sandbox, the CyberKongz won the auction for “The Shrine Of Thuth” and renamed the building “The Shrine Of Kongz.” Then, they bought a 12×12 estate and announced they were building Neo Kongz City there. After that, they bought a 24×24 estate and announced the construction of Kongz Island.
- Besides that, the Kongz own propriety in Axie Infinity’s Land of ‘Lunacia’, several plots of Ember Sword land, a Penthouse in Worldwide Webb, and will build a realm in the Gridcraft Network.
Conclusion
Maintaining the initial supply of only 1000 CyberKongz Genesis was essential for this project to survive. They found a way to increase it without devaluating the original drop, created a utility token that’s actually used, and invested their funds in the collection’s future: the metaverse. All of this underpinned by the hottest Discord in the game, one where CyberKongz holders can get the most precise alpha available about the NFT scene as a whole. Or so we’ve heard.
Featured Image: CyberKongz 3d voxel in The Shrine Of Kongz | Charts by TradingView
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