Aurelia Butler

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    in Cryptocurrency

    Bit-Chess Announced Its Presale for Decentralized Chess to Take the Center Stage

    Bit-Chess, a newly launched crypto project, proudly announces the presale launch of the world’s first fully decentralized chess platform. This groundbreaking platform aims to bring millions of online chess players into the expanding cryptocurrency industry.The Bit-Chess team shared this exciting news on their X account (formerly known as Twitter), highlighting their commitment to revolutionizing how chess enthusiasts engage with the game in the digital age.Bit-Chess Launched Its Presale PhaseBit-Chess, the first fully decentralized online chess platform, has announced on its X account the launch of its official presale phase. This initiative marks a noteworthy step in incorporating millions of online chess players into the revolutionizing crypto industry.The presale is designed for chess lovers and investors who want to get in early on this exciting chess-focused project. Bit-Chess aims to bring the world of chess into the decentralized crypto space, offering a unique blend of strategic gaming and blockchain technology.With a total supply of 210 billion tokens, $BCC is a Solana-based token that will serve as the governance token within the Bit-Chess ecosystem. This means that HODLers of $BCC will have a say in important decisions about the platform’s future. For the presale phase, Bit-Chess offers 23.625 billion $BCC tokens, 11.25% of the total supply.Currently, 1 $BCC is priced at $0.000373, and interested buyers can purchase tokens at this early stage to secure them at a significant discount. The tokens can be bought on the project’s official website using various popular cryptocurrencies, including Solana (SOL), Ethereum (ETH), Binance Coin (BNB), Bitcoin (BTC), and Tether (USDT). This makes participation accessible to a wide range of investors.The presale is an opportunity for those who see the potential of combining this timeless game with the latest blockchain technology. Notable Features of Bit-ChessBit-Chess is set to significantly impact the chess world by integrating traditional gameplay with modern blockchain technology through the Solana network. Here are some key features that distinguish Bit-Chess:Bit-Chess is introducing a new way to play and enjoy chess using blockchain technology. It is the first chess platform built on the Solana blockchain, which uses digital technology to create a more secure and open gaming environment.Bit-Chess aims to blend the traditional game of chess with modern technology. Its goal is to offer a platform where players can not only play chess but also participate in a system that rewards their efforts. Using blockchain, it wants to make chess more interactive and beneficial for players worldwide.Bit-Chess is focused on connecting traditional chess with the new possibilities of blockchain technology. The platform is designed to be accessible and user-friendly, helping players easily guide and take part in this new gaming experience. For the latest updates on Bit-Chess and its token presale, constantly visit their official website and join their vibrant community by following them on X (Twitter), Telegram, and Instagram.ContactChristian Andreas HeinrichBit [email protected] article was originally published on Chainwire More

  • 163 Shares159 Views

    in Economy

    Economy slowed by lagged impact of monetary policy, but recession still ways off

    EVRISI company surveys, which reflect both volumes and prices, ticked down to 47.6 this week, versus 60.8 a couple of years ago, the analysts said. “Recession readings start around 45.0. So we’re not there,” they said, though slowing growth and inflation, as the EVRISI’s proprietary survey of state sales tax receipts “continued to trend lower in July.”The lagged impact of monetary policy, which is driving the slowdown is likely to continue, Evercore ISI said, pointing to bank and loan deposit rate still around 2%; credit card rates over 20% and unprecedented quantitative tightening seen in the U.S./Eurozone last week. But so far the slew of upward U.S. S&P earnings revisions from analysts suggest the economy is “pretty strong,” they added.Last week, The Q2 consensus for S&P earnings moved up to $243, about 10% higher from the same period a year earlier. There were, however, an “unusual number of cracks” in the news last week including Cisco (NASDAQ:CSCO) announcement of lay offs, Warner Bros Discovery (NASDAQ:WBD) deteriorating television business, and Expedia (NASDAQ:EXPE)’s warning of tapering travel among others. On the global inflation front, China, the world’s second-largest economy was “still exporting disinflation in July,” they said, pointing to softer inflation data from China. China’s price producer index declined month on month and year over year in July, while China’s core CPI was 0.0% month on month and just 0.4% higher year-on-year. More

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    in Economy

    A sky full of R-stars

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

  • 163 Shares169 Views

    in Economy

    ‘Investors now think Fed needs to cut harder to guarantee no recession’: BofA

    According to the survey, 60% of investors now believe that the Fed needs to implement four or more rate cuts over the next 12 months to ensure the economy avoids a downturn.This marks a notable increase in expectations for monetary easing compared to previous months. “Investors now think Fed needs to cut harder to guarantee no recession,” said BofA.The bank adds that investor optimism about a “soft landing” has risen to 76%, up from 68% in the previous month, indicating confidence that the economy can avoid a severe recession.However, the probability of a “hard landing” has also increased slightly, from 11% to 13%, reflecting persistent uncertainty.BofA notes that global growth expectations have declined sharply, with optimism dropping from a net -27% to -47%, the lowest level since May 2022.This decline is said to have been partly driven by concerns about China’s economic outlook, which has reached its lowest point in over a year.The bank states that despite the ongoing AI boom, only 24% of Chief Investment Officers (CIOs) are calling for higher capital expenditures, the lowest level since November 2023. Instead, 40% of CIOs want CEOs to focus on improving balance sheets.In terms of asset allocation, BofA reveals there has been a defensive rotation into bonds, cash, and healthcare, while investors have reduced exposure to stocks, particularly in Japan, Europe, and the tech sector.The BofA survey also highlights a continued preference for U.S. large-cap growth stocks, with the “long Magnificent 7” trade remaining the most crowded, though slightly less so than before.Overall, the survey underscores the growing belief that more aggressive Fed action is necessary to secure economic stability. More

  • 150 Shares169 Views

    in Cryptocurrency

    Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the implementation of a comprehensive listing and delisting framework designed to enhance user protection, uphold market integrity, and promote the overall health of the blockchain ecosystem.With Bybit’s spot market share rising above 20% and securing its position as the second-largest exchange, Bybit has become the most preferred listing platform, with 151 new tokens listed in Spot so far in 2024. This preference is driven by the extensive support we offer, from product support—such as Pre-Market, ByStarter, Launchpad, Launchpool, Spot Listing, Perp Listing, and even Options Listing and Earn product integration—to robust marketing and operational support, with over 30 million viewers across 24 livestreams in the first half of 2024.As Bybit continues to mature and establish itself as the most preferred platform, we recognize our growing obligation to both our customers and the industry. Bybit’s philosophy is to list the projects our clients want, ensuring that our platform remains aligned with user needs and market demands. However, the surge in project listings across the crypto industry has raised concerns about transparency, security, and potential market manipulation. Bybit is committed to addressing these challenges through a proactive approach that prioritizes the interests of its users.Here is the key pioneering framework Bybit is committed to:About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: [email protected] more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

  • 138 Shares119 Views

    in Economy

    FirstFT: Donald Trump rages in 2-hour long interview with Elon Musk

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

  • 100 Shares189 Views

    in Cryptocurrency

    Pawfury (PAW) Surpasses 8,000 Holders, Community Grows Rapidly

    The revolutionary cryptocurrency project, Pawfury, which launched just weeks ago, is on the verge of concluding its game-changing presale phase, boasting an impressive community of over 8,000 token holders for “PAW.” Currently, the fourth phase of this presale is halfway through, setting the stage for PAW’s debut on both centralized and decentralized trading platforms. This meteoric progress towards completion can stem from the enthusiasm for Pawfury, fueled by the project’s innovative approach and the ahead-of-schedule release of one of its key features.Presale is Live, users can learn more about it herePAW tokenomics are balanced, featuring both a cliff and vesting. For savvy holders, scheduled vesting means maintaining stability through keeping supply and demand in perfect equilibrium.First Stage: Sold-OutSecond Stage: Sold-OutThird Stage: Sold-outFourth stage: Currently offering tokens at an exclusive price of $0.01223 eachUsers Can Click Here To Buy PAW TokensUsers can visit the links below for more information about Pawfury (PAW):Website: https://www.pawfury.com/Twitter : https://x.com/Paw_FuryContactJonathan [email protected] article was originally published on Chainwire More

  • 138 Shares189 Views

    in Economy

    Japan parliament asks central bank governor Ueda to discuss rate hike

    Ueda will be requested to participate in separate sessions on Aug. 23 held by the finance committees of the upper and lower houses.The Bank of Japan surprised markets by raising interest rates to a 15-year high on July 31 and signalling its readiness to hike borrowing costs further on growing prospects that inflation will durably hit its 2% target.The decision, coupled with U.S. recession fears, roiled financial markets, triggering the Nikkei benchmark’s biggest selloff since the 1987 Black Monday crash.The market rout led senior officials from the ruling and major opposition parties to agree to summon Ueda to explain the central bank’s decision. More