Cryptocurrency

VSG, the native cryptocurrency of the Vector Smart Chain (VSC), is proud to announce its successful listing on Coinstore, one of the leading centralized exchanges (CEX) in the cryptocurrency market. This milestone marks a significant achievement in VSG’s journey to become a major player in the blockchain space, offering a scalable, secure, and cost-effective transactional tool for enterprises and individuals alike.Originally launched on the Ethereum blockchain, VSG is transitioning to its proprietary Layer 1 VSC blockchain, designed to overcome the limitations of existing blockchain networks. With its unique hybrid consensus mechanism, VSC offers a flat rate fee structure and interoperability with both Ethereum Virtual Machine (EVM) and Cosmos, making it a versatile and powerful solution for developers and businesses.As the main utility token on the VSC blockchain, VSG is crucial for all on-chain activities. Holding VSG now, while the project is in its early stages, is akin to acquiring Ethereum during its testnet phase, offering substantial long-term benefits.Coinstore Listing: A Strategic MoveThe listing on Coinstore provides VSG with a broader audience and enhanced liquidity, particularly in key markets where Coinstore has a strong presence. “We are thrilled about our partnership with Coinstore,” said Yan Whittaker, co-founder of Vector Smart Chain. “This listing is a great opportunity to introduce VSG and VSC to new markets, where exposure is crucial for our growth.”Exciting NFT Opportunities and RewardsIn addition to the successful listing, VSG is also making waves in the NFT space. VSG’s NFTs have gained immense popularity, offering rewarding opportunities for the community. Currently, there’s an ongoing promotion where users can purchase VSG’s green NFTs and automatically qualify for a $100 worth of VSG. Additionally, every ten NFTs sold gives buyers a 1 in 10 chance to win $1,000 worth of VSG. These NFTs are more than just digital collectibles—they represent a thriving aspect of the VSG ecosystem.About the FoundersVSG’s success is driven by its dynamic founding team, comprising two industry veterans with a shared vision of decentralized innovation:Yan Whittaker: An entrepreneur from the UK with a strong background in business management and finance, Yan has successfully led several businesses across different industries. As a co-founder of VSC, his passion for decentralization and blockchain technology fuels his commitment to building a more inclusive and efficient financial ecosystem.Jason Ansell: Based in Toronto, Canada, Jason is a self-taught full-stack developer and entrepreneur with over 25 years of experience in brand development and digital marketing. His journey spans from small businesses to major brands and celebrities. Now, as a co-founder of VSC, Jason is dedicated to driving the adoption of decentralized technologies and creating impactful blockchain solutions.Community and Technological AdvancementsVSG’s community of over 4,000 members has been instrumental in the project’s progress, providing ongoing support and engagement. The VSG team is dedicated to ensuring that the VSC blockchain remains user-friendly, with intuitive dApps and wallet interfaces, supported by comprehensive educational materials for new investors.The upcoming public testnet is a crucial step toward the mainnet launch, allowing developers and users to test the network’s functionality, security, and scalability in a live environment. This phase is vital for refining the platform and ensuring a seamless experience upon the mainnet’s release.VSG represents more than just a digital currency; it’s the backbone of a cutting-edge blockchain network designed to challenge and eventually surpass existing solutions like Ethereum. With its recent listing on Coinstore, now is an opportune time for investors to consider VSG as a long-term asset.“We are the only blockchain offering a flat rate fee structure combined with interoperability with EVM and Cosmos,” added Jason Ansell. “Our technology, combined with our dedicated team, makes VSG a compelling choice for those looking to invest in the future of decentralized finance.”About VSGVSG (Vector Smart Gas) is the native cryptocurrency of the Vector Smart Chain (VSC), a scalable, secure, and cost-effective Layer 1 blockchain. Designed to meet the needs of enterprises and developers, VSG powers a wide range of decentralized applications and real-world asset solutions. With its unique features and strong community support, VSG is set to redefine the landscape of digital transactions and blockchain innovation.Fruzsina LedererSantos Productions Kft.fruzsi.lederer@gmail.com+36309141467 More

Bybit Powered by SATOS is thrilled to announce new prize pools totalling 30,000 USDT, with exclusive Margin Trading rewards for users in the Netherlands. From now until September 11, traders can sign up for a chance to maximize their potential returns, leveraging Bybit’s market-leading tools and offerings.Participants taking the opportunity to boost their trading volumes are invited to unlock multiple perks and explore the power of Margin Trading. Trading can allow participants the opportunity to qualify for one or more of the following rewarding tracks: Perk 1: Participants Can Trade to Unlock a 10,000 USDT Prize Pool (NASDAQ:POOL)Participants with 5,000 USDT or more in trading volume will be ranked based on their PnL(%). The more users participate, the higher the chances of unlocking a 10,000 USDT prize pool.Perk 2: Participants Can Trade to Take a Share of a 20,000 USDT Prize PoolParticipants with at least 10,000 USDT in trading volume will be ranked based on their trading volume. Choosing to trade more can allow participants unlock a higher total prize pool and compete for the top prize — 20,000 USDT.Perk 3: Participants Can Try Margin Trading to Share a 1,000 USDT Prize PoolThe first 200 users with a trading volume of at least 500 USDT using Margin Trading during the competition period will receive 5 USDT on a first-come, first-served basis.Margin Trading enables traders to potentially maximize their trading goals, allowing them the chance to take a larger position by leveraging their assets. The feature on Bybit’s intuitive platform is beginner friendly: visit Market Overview and select pairs marked with “10x” to have the chance to start margin trading in an instant.Registration is currently open for eligible users from the Netherlands: Participants are invited to find out more about the competition and register: Bybit.nl Trading Competition – 30k USDT up for Grabs #Bybit #TheCryptoArkAbout Bybit Powered by SATOSIn June 2023, Bybit formed a strategic alliance with SATOS, one of the oldest crypto service providers operating in the Netherlands and Belgium since 2013. This partnership is a testament to our commitment to providing the best services to our users in line with regulatory guidelines, and ensuring the delivery of high-quality services to our users.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 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: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

However, US investment bank TD Cowen speculates that Gensler could remain as a commissioner, potentially delaying expected regulatory relief for the crypto sector until late 2026.Trump vowed to fire whom he called the American blockchain industry’s No. 1 enemy in front of an enthusiastic crowd at this year’s biggest Bitcoin conference. But there is no precedent for a president directly removing an SEC chair. Typically, SEC chairs step down when there is a change in the White House, allowing the new administration to appoint a new leader. “The Senate confirms SEC commissioners to five-year terms, which are staggered so that one term expires each June,” TD Cowen noted. “No more than three of the five commissioners may be from the same party as the President.” With Democrats currently holding a 3-2 majority and Gensler as chair, the firm points out that Commissioner Caroline Crenshaw’s term expired in June, but President Biden has nominated her for a second term. The nomination is expected to secure the Democratic majority beyond 2024.If Trump wins, he won’t be able to nominate a new SEC commissioner until June 2025, when Republican Hester Peirce’s term expires. Even then, TD Cowen notes, “This pick will not give the GOP a majority as Peirce is a Republican.” “Trump could get that majority sooner if Gensler resigns, but nothing forces him to leave.”There is a possibility, TD Cowen suggests, that Gensler might remain as a commissioner to prevent the GOP from gaining a majority. “Democrats forced out the FDIC’s GOP chair after the last election,” TD Cowen analysts said in a note Tuesday. “We expect progressives to pressure Gensler to preserve Democratic policy wins by depriving the GOP of an SEC majority for at least 18 to 24 months.”If Gensler stays, the report suggests, crypto policy could be stalled. While enforcement actions might ease, adopting regulatory changes or settling existing legal cases could become challenging with a Democratic majority still in place. TD Cowen further speculates that Trump might attempt to fire Gensler, but “protections for commissioners are murky, and we believe this would get litigated.”TD Cowen concludes, “It is hard to see the point of having bipartisan commissions if presidents can fire the opposing party’s members for any reason.” More

By 04:37 ET (08:37 GMT), Bitcoin had advanced by 2.5% to $58,999.7, following relatively thin trading volumes on Monday with the U.S. celebrating the Labor Day holiday.The world’s biggest cryptocurrency had slumped by more than 7% last week and spent much of the prior month trending lower due in part to concerns over token distributions and mass sale events, especially from defunct exchange Mt Gox. Concerns over a U.S. recession had also sparked deep losses across global financial markets at the beginning of August, including the crypto markets.Attention now turns to key economic data this week, culminating with the widely-watched U.S. nonfarm payrolls release on Friday. The U.S. Federal Reserve is widely expected to start cutting interest rates later this month, and the payrolls data could determine the size of the reduction, likely impacting wider risk sentiment. Lower rates bode well for cryptocurrencies, given that they free up more liquidity for speculative trade.Traders are pricing in a virtual 100% chance of a 25 basis point cut in September, according to the closely-monitored CME Fedwatch Tool.Bitcoin’s September performance in focusWhile Bitcoin has inched higher at the start of this week, it has shown a consistent pattern of underperformance in September.Historical data reveals that Bitcoin has experienced negative returns in nine out of the last 13 Septembers, making it one of the worst months for the cryptocurrency with an average negative return of 5.36%.Crypto prices todayIn broader cryptocurrency prices, world no.2 digital token Ether (ETH/USD) increased by 1.2% to $2,499.99. It had dipped by more than 20% in August, its worst month since January 2022.Solana and XRP added 4.38% and 2.89%, respectively, while Cardano shed 0.2%. More

(Reuters) – Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years.As of late August this year, about eight months after their debut, the 10 new funds approved by U.S. regulators collectively boasted more than $52 billion, according to data from TrackInsight.”Clearly, I wasn’t being bullish enough,” Hougan, CEO of crypto firm Bitwise Investments, reflected wryly. “This is going to be an area that we measure in hundreds of billions of dollars.”That remains to be seen. These products track the price of bitcoin, which has whipsawed repeatedly since its birth 16 years ago kicked off the crypto era. Some market players say bitcoin is inherently speculative, more akin to art or fine wine than gold and commodities, driving volatility and risk.The path to wide acceptance as a mainstream asset may be slow and twisting. One milestone came in August. That’s when Morgan Stanley decided to allow its 15,000-strong network of financial advisers to actively recommend at least two of the new bitcoin ETFs – the iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund – to clients.”It is now unacceptable not to do due diligence and the work of understanding these products,” said John Hoffman, head of distribution and partnerships at Grayscale Funds, whose firm’s Grayscale Bitcoin Trust wasn’t part of the first wave of products added to Morgan Stanley’s platform. “The risk has kind of flipped for the wealth management channel to the risk of not moving forward.” Retail investors have dominated flows into the new ETFs. Only a handful of large institutions, like the state of Wisconsin’s investment board and a number of hedge funds, have publicly disclosed positions in regulatory filings. “The first 50 billion has come from people who understand bitcoin well,” said Sui Chung, CEO of CF Benchmarks, which has developed the bitcoin index underpinning several of the ETFs. “Now we’re seeing the next stage: people on the risk committee at Morgan Stanley being dragged, kicking and screaming, to this decision when advisers can’t tell their clients ‘no’ any longer.”But the fact that first movers like Morgan Stanley are getting so much attention points to how much ground crypto ETFs must cover to become part of the investment mainstream.”They’re being hailed as cutting edge for doing this, and that reminds us that by being early movers they’re also being seen as being risky,” said Andrew Lom, an attorney at Norton Rose Fulbright whose practice includes fintech. For Lom, the real test of whether the new ETFs will reach mainstream status will be not just their size but their liquidity. “We may already be there,” he said. “At some point, people start to think and talk about it as part of the normal investable universe, and then you’ll see the modern portfolio theory folks start considering what allocation to give it.”That’s when the next test will arrive: whether model portfolios, one-stop investment products that financial advisers increasingly rely on when making asset allocation decisions, will add them to the mix. Even some of bitcoin’s staunchest adherents admit that lies at least six to 12 months ahead.WHAT ABOUT ETHER ETFs?If bitcoin ETFs are at least on their way to emerging as part of the investment mainstream, the future is murkier for spot ethereum ETFs. A month after their July 23 launch, assets in the ether group totaled nearly $7 billion, according to TrackInsight. BlackRock (NYSE:BLK)’s iShares Ethereum Trust has hit $900 million in assets, outstripping ETF launches as a whole, yet suffering by comparison to BlackRock’s bitcoin product which reached $1 billion in its first four days of trading.”A lot of people were excited until the launch, and then it became a kind of ‘sell the news’ event,” said Adrian Fritz, head of research at 21Shares, one of the firms to roll out a spot ether ETF in late July. “With more education and time, you’ll see more excitement around ether as well.”Others remain more cautious, noting that ether isn’t just a smaller cryptocurrency but a very different one. “If bitcoin is digital gold, then ether is digital oil,” said Chung of CF Benchmarks. “The reason ethereum might increase in value is that people might need it to move assets around the digital network, just as people use oil to make the real world work.”That hybrid nature also requires both regulators and investors to undertake more research and due diligence, he and others say.”The sales pitch will be longer and more complicated,” Chung said. More

Bitcoin (BTC), the biggest crypto on the market in terms of market capitalization, is struggling during this time. It is currently trading at $58,420 after a minor 0.77% increase in the last 24 hours. It has dipped 9.41% over the past month as it failed to clear the next resistance levels. Bulls have been struggling to overcome the market as bears are controlling the narrative.The price of BTC has remained stuck around the $58,000 range. Although it managed to go past the $63,000 level in the middle of August, the extended consolidation period seems to take over this brief rally. There has also been selling pressure on the coin in the recent past, and even Bitcoin-based investment products have been struggling.There were around $319 million outflows in Bitcoin, which has further spread negativity among traders and institutions. On the other hand, Ethereum (ETH) also witnessed outflows of $5.7 million, ending the hype around the recent launch of Ethereum spot ETFs. Overall, investors are sitting on the sidelines, as bearish sentiment continues to prevail on the market.This article was originally published on U.Today More

Secured by Polkadot, peaq is geared to power its native token, bringing over 1,000,000 devices across 45+ dapps on-chain with its launch.In addition to Polkadot, peaq integrates with several major blockchain networks, including Ethereum, Cosmos, Binance BNB, and Solana. The platform currently includes over 850,000 machines, vehicles, and devices, managing over $25 million in tokenized assets and supporting over 30 projects.The platform has also launched KREST, the native token of its test network on Kusama, to simulate operations before the full rollout. KREST holders will be eligible for a PEAQ airdrop upon its launch.The blockchain’s economic model is disinflationary, with an initial inflation rate set at 3.5%, which will decrease annually until it stabilizes at 1%. Founded by entrepreneurs Till, Leo, and Max, peaq plans to integrate blockchain technology with the Internet of Things (IoT). After collaborating with companies such as Audi, NTT, and Gucci, the founders developed peaq as a dedicated layer-1 blockchain to support unique decentralized applications.By 2021, peaq was established to support DePIN applications. Earlier this year, it raised $15 million from investors, including Animoca Brands and Borderless Capital, and an additional $20 million from a CoinList launch in May.peaq employs a dual consensus mechanism that includes Delegated Proof of Stake (DPoS) for block production and Nominated Proof of Stake (NPoS) for verification. Block production is handled by collators, who create blocks and maintain the network’s state, while delegators stake tokens to ensure collators’ reliability.The platform also features unique modular functions tailored for DePIN applications, including self-sovereign machine identities, machine access control, payment features, and data verification.Earlier this year, peaq released a detailed roadmap as it prepares for its mainnet launch. The network’s pre-launch version is live, but several technical enhancements are planned, including integration with multi-signature wallet MetaMask and the release of the Ledger peaq app for token storage.Key updates also include launching a decentralized exchange (DEX), a staking dashboard for peaq nodes, improved user interface for campaigns, and integrations with Galxe, Particle Network, and Fireblocks for secure custody. Furthermore, a Tier-1 bridge will be integrated to support cross-chain transactions, while stablecoins will be enabled on the platform. Partnerships with exchanges are set to facilitate peaq token and native DePIN trading. More

On Aug. 31, Lookonchain reported that this whale, or probably an institutional holder, deposited 2,364 BTC worth $140 million into Binance on Aug. 31.Now the whale has moved nearly a quarter of a billion dollars into Binance in three days. Depositing onto exchanges may imply an intent to sell, but withdrawals might indicate intentions to buy.Against this backdrop, the whale’s massive BTC move has sparked speculation on the market. The whale may be preparing to sell, positioning for future market movements, or even preparing to leverage the deposited funds in Binance’s various financial products.After facing a downturn in August, BTC price conditions failed to improve over the weekend, with September starting with a fresh two-week low. Bitcoin (BTC) fell to a low of $57,119 in the early Monday trading session, extending its seven-day decline to about 9%, while the broader crypto market fell behind.Some observers highlighted that BTC’s drop is consistent with the bearish seasonality experienced in September. However, signals of impending interest-rate decreases by the U.S. Federal Reserve this month could reverse the trend.In the coming days, the market will keenly monitor the whale’s next move, anticipating what this significant shift may entail for Bitcoin and the crypto market.At the time of writing, BTC was up 0.58% in the last 24 hours to $58,354.This article was originally published on U.Today More