Cryptocurrency

Ripmex Announces PreSale of Commission-Free RPX Tokens – The Native Token of Its Currency Exchange MarketRipmex is excited to announce the presale of its innovative real-time gross settlement token, RPX. Designed to transform global currency exchange, RPX facilitates secure, low-cost transactions for banks, payment providers, digital asset exchanges, and businesses. By eliminating commission fees, RPX enhances potential profitability and provides seamless, instant transfers across various networks. The presale offers a unique opportunity for early investors to engage with Ripmex’s cutting-edge technology and be part of a revolutionary financial ecosystem.What is Ripmex?Ripmex aims to enable banks, payment providers, digital asset exchanges, and companies to send money and value globally, securely, and with low transaction fees. Utilizing advanced blockchain technology, Ripmex offers a commission-free currency exchange network that allows users to exchange, buy, and sell funds without incurring fees.Key Features of RPXCommission-Free TransactionsRPX operates entirely commission-free, allowing investors worldwide to save money and increase their potential profit margins. Whether trading on centralized exchanges (CEX) or decentralized exchanges (DEX), RPX ensures users pay zero commission fees.Real-Time Gross SettlementIn the crypto industry, RPX will be known as a real-time gross settlement token. This designation underscores its capability to facilitate instantaneous transactions across different networks, providing unmatched efficiency and security in currency exchange.Staking and Blockchain DevelopmentRPX represents a comprehensive ecosystem. With plans to establish its own blockchain, RPX offers staking opportunities, allowing users to earn rewards while supporting the network’s security and operations.Advanced AI TechnologyRipmex is also at the forefront of integrating artificial intelligence (AI) to enhance user experience and investment strategies. The upcoming RPX application, powered by AI, will: Ripmex is set to redefine currency exchange and trading with its innovative RPX token, offering zero commission fees and advanced AI-driven tools.About Ripmex RPX technology allows users to trade on CEX and DEX exchanges without paying commission. RPX has an infrastructure where companies and individuals can save money in their commercial lives.In quick buy and sell transactions, users can convert RPX tokens into cash without paying commission or obtain RPX without paying commission. The RPX chain token, built on agreements with CEX and DEX exchanges, can be used worldwide. Aiming to establish its own blockchain, RPX can be staked.In the Blockchain technology era, RPX provides convenience to investors with launch panels. RPX has signed a new era in Blockchain with its expert team and various encrypted parameters in the field of Blockchain technology.For more information and to participate in the presale, users can visit:Presale: https://sale.ripmex.comWebsite: https://ripmex.comTwitter(X): https://x.com/RipmexOfficialTelegram: https://t.me/RipmexContactRipmexTyrone RadeRPXteam@ripmex.comThis article was originally published on Chainwire More

Blockchain-focused investment firm Hashed and Japanese venture capital firm B Dash Ventures have announced the lineup of sponsors and key speakers for the Blockchain Leaders Summit Tokyo 2024. The invitation-only conference for blockchain leaders across Japan, Korea, and the globe is jointly organized by Hashed and B Dash Ventures, and is scheduled for July 24th, 2024.A total of 11 sponsors are supporting the debut summit, with title sponsors including Startale Labs, the core developer of Astar Network and a Web3 technology company specializing in multi-chain applications and infrastructure; Crooz Blockchain Lab, a blockchain gaming company and a subsidiary of CROOZ, a Japan-based company engaged in the provision of Internet-based services; LINE’s web3 subsidiary LINE NEXT and the upcoming mainnet Kaia, created through the merger of the mainnet Finschia developed by LINE NEXT and the mainnet Klaytn developed by Kakao.Platinum sponsors include Aptos Labs, a Layer 1 blockchain using the MOVE language; Avalanche, building decentralized application-specific blockchain networks (DApps); SBI VC Trade, a virtual asset exchange of SBI Group; and CERES, which operates “Moppy,” one of the largest point websites in Japan, and through its consolidated subsidiary Mercury, runs the cryptocurrency exchange “CoinTrade.” Gold-level sponsors Monad, an Ethereum-compatible Layer 1 project; Berachain, Ethereum-identical Layer 1 project using Proof of Liquidity Consensus; Sui, a blockchain network using the MOVE language; and DeFimans, a Japan-based web3 consulting firm operating Messari Japan.Key speakers to attend include Seung Yoon “SY” Lee, CEO and Co-founder at Story Protocol; Sungmin Kim, CEO at HYBE Binary; Can Sun, Co-Founder at Backpack Exchange; Guy Young, Founder & CEO at Ethena Labs; Joseph Baek, Co-founder at Modhaus; Masaaki Taira, Member of the Japanese House of Representatives; Hamasaki Kosuke, Executive Officer at Sanrio; Ueno Ryotaro, Chief Manager Digital Contents Division at TOEI Animation; Leona Hioki, Co-founder at INTMAX; and Noritaka Okabe, CEO at JPYC.Hashed and B Dash Ventures aim to use the summit platform to highlight ventures using blockchain technology across various sectors including infrastructure, finance, gaming, entertainment, and regulation. The event will offer lectures and sessions for participants to discuss the latest trends, explore collaboration opportunities through networking with key figures both globally and in Japan, and promote the development of the Japanese blockchain ecosystem while building global networks.Event OverviewBlockchain Leaders Summit 2024 Tokyo Co-hosts: B Dash Venture Inc., Hashed, Inc. Date: July 24, 2024 Agenda: Keynote speeches, panel discussions, and networking events featuring key figures in the blockchain industry. Participation: By invitation from the co-hostsEvent URL: https://blockchainleaders.world/About HashedHashed, a team of blockchain experts and builders based in multiple global locations, invests in and supports the development of decentralized and blockchain technologies. By participating as core technical contributors, Hashed accelerates the mass adoption of blockchain, transforming the global economy and the internet’s fabric.About B Dash VenturesB Dash Ventures, headquartered in Tokyo, is a venture capital firm focused on fostering the emergence of influential internet companies that will lead the next generation. It invests widely in startups from seed and early to later stages, both domestically and internationally. Since its establishment, it has organized and managed “B Dash Camp,” Japan’s largest invitation-only technology-related event, attracting entrepreneurs, key figures from major corporations, and influential investors from the internet industry.ContactWooster HanWooster Hanwooster@hashed.comThis article was originally published on Chainwire More

Speculation over spot exchange-traded funds tracking Ether also aided sentiment towards crypto, as recent media reports said the Securities and Exchange Commission was close to approving applications from U.S. fund operators. Bitcoin rose 1.7% in the past 24 hours to $64,848.7 by 08:48 ET (12:48 GMT). Risk appetite was also aided by increasing optimism that the Federal Reserve will cut interest rates in September.Bitcoin’s recovery came largely on the back of increased speculation that Trump will win a second term. The former U.S. president has projected a largely pro-crypto stance in recent campaigning efforts, and is also set to speak at the Bitcoin Conference in Nashville later in July.Trump was seen gaining a major boost in popularity after a failed assassination attempt on the former President over the weekend. Trump said on Tuesday that he will also release a fourth collection of non-fungible tokens. His campaign also accepts donations in crypto. Defunct crypto exchange Mt Gox was seen mobilizing about $2.8 billion worth of Bitcoin this week, moving it onto exchanges likely as part of its planned distributions.The exchange had earlier said it will begin returning tokens stolen during a 2014 hack back to creditors from July.Fears of such a scenario- which entails a sharp increase in the active supply of Bitcoin tokens- had battered the cryptocurrency, putting it at over four-month lows earlier in July. But the token recouped all of those losses over the past four days. Among broader crypto prices, major altcoins also advanced on the prospect of friendlier regulations in the U.S.Ether rose 1.1% to $3,456.94, as Reuters reported the SEC could approve some spot ETFs by as soon as next week. XRP surged over 12% amid rumors that Ripple was close to settling a long-running case with the SEC. The regulator had accused the firm of selling unregistered securities. ADA and SOL rose 3.5% and 2.6%, respectively. Among meme tokens, SHIB fell marginally while DOGE added 1.5% Wall Street’s shift towards small-cap stocks at the expense of mega-cap companies could provide a boost to the crypto market, according to Marex Solutions.Since July 8, the Nasdaq, which includes major tech firms like Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA), has remained relatively flat around 2,270 points. In contrast, the Russell 2000, a small-cap index, has jumped over 12%.This rotation suggests that investors are moving funds from the largest tech companies to smaller firms, which have recently underperformed the broader market. The Wall Street Journal attributes this trend to easing inflation and growing confidence that the Federal Reserve will lower the benchmark interest rate this year.Interestingly, strategists Marex Solutions, a division of Marex specializing in customized derivatives products, believe this sector rotation could be a significant macroeconomic factor for cryptocurrencies.”As the steam comes off the Mag 7, money will look for other places to deploy. Small caps are the knee-jerk reaction, but I suspect crypto will benefit from this rotation,” they said in an interview with CoinDesk.Marex’s view contrasts with the common belief in the crypto market that Nasdaq trends solely influence digital asset valuations. The firm suggests that this sector rotation may particularly benefit ether and the upcoming launch of spot ETH ETFs. More

Venom Foundation is pleased to announce the listing of its native token, $VENOM, on Deepcoin Spot and Perpetual Futures markets. This development marks the next step in Venom’s global expansion strategy, particularly with Deepcoin’s strong presence in Asia.Key HighlightsDeepcoin’s Market PositionDeepcoin is ranked among the Top 10 derivatives exchanges by CoinGecko. The exchange supports over 10 million users globally and records a daily trading volume of approximately $10 billion, encompassing both spot and derivatives markets.Strategic ImportanceThe listing represents another step in Venom Foundation’s strategic plan to expand its global footprint and enhance its market presence. By securing a spot on Deepcoin, Venom is not only increasing its accessibility but also strategically positioning itself within a leading exchange renowned for its strong presence in the Asian market.Continued GrowthThis marks Venom’s third listing in recent weeks, showcasing growing global adoption and increasing interest from centralized exchanges. With these recent listings, Venom is now accessible to an additional 40 million more users worldwide. This increased visibility and accessibility are important milestones for Venom, contributing to broader awareness and further establishing Venom’s presence in the global market.Leadership PerspectivesVenom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms.For more information, users can visit https://venom.foundationContactVenom Foundationmedia@venom.networkThis article was originally published on Chainwire More

The problem arises from the actions of Mt. Gox, a notorious Bitcoin exchange that lost about 850,000 BTC in a 2014 hack. Large volumes of Bitcoin have had to be moved in order to fulfill efforts to compensate victims over the previous few years. Recently, Mt. Gox transferred 44,527 Bitcoin worth approximately $2.84 billion to an internal wallet.There is conjecture that this movement is a component of the arrangements for impending debt repayments to creditors. The scary size of possible sell-side liquidity that might enter the market was highlighted by Ki Young Ju. As shown in the chart that Young Ju shared, Mt. Gox’s realized cap has experienced notable fluctuations as the exchange starts realizing the funds.The massive amount of Bitcoin that was released onto the market might increase selling pressure and lower the price of the cryptocurrency. Following a strong recent rally, Bitcoin is currently trading at roughly $65,421. The introduction of significant sell-side liquidity, however, has the potential to stop or even reverse this upward trajectory.That might result in increased volatility, though it is unclear how the market will react to such a large inflow of Bitcoin. The Bitcoin movements on Mt. Gox’s wallets might have a major impact. If a significant amount of Bitcoin were to be released onto the market all at once, there could be a sell-off that would affect the entire cryptocurrency market.This article was originally published on U.Today More

He also commented on the recent Bitcoin price decline that stunned the cryptocurrency market.Bitcoin has been in a massive decline as of late and has still not reached the above-mentioned crucial price level Samson Mow believes to be “the fakery to make retail think Bitcoin is over,” as he said in his X post. To help unwind it, Mow published his tweet.Over the past 24 hours, Bitcoin succeeded in reclaiming the $66,000 level, soaring close to the $66,100 level. This 5.34% price increase took place after BTC plunged by 4% yesterday after the former and currently nonfunctional Mt. Gox crypto exchange transferred approximately $6 billion worth of Bitcoin to begin reimbursement payouts to its creditors, who suffered major financial losses during the infamous 2014 hack.Crypto exchanges began to receive funds from Mt. Gox in Bitcoin and Bitcoin Cash yesterday, according to reports. One of those platforms was the U.S.-based exchange Kraken, and it stated that it would distribute the crypto among the creditors within the upcoming week or two. At the time of this writing, Bitcoin is changing hands at $65,338 after a small decline that took place today following the rise.This article was originally published on U.Today More

Bybit, now the world’s second-largest crypto exchange by trading volume, is excited to announce a live keynote address by Co-Founder and CEO Ben Zhou: “Leading the Charge in Web3,” scheduled for Jul. 18, 2024, at 8AM UTC. Zhou will broadcast his insights and Bybit’s latest advancements in a year marked by growth and innovation.During the keynote, Zhou will discuss Bybit’s recent milestones of reaching over 33 million users worldwide and achieving a daily trading volume exceeding US$25 billion. These achievements underscore Bybit’s leading position in the market, as it doubled its share from the previous year to become the second-largest exchange globally.Industry-leading Product Innovator in Web3Zhou will highlight key platform innovations, including the enhanced Unified Trading Account (UTA), which integrates trading across Spot, Futures, and Perpetual markets while ensuring optimal capital efficiency and risk management. Furthermore, Bybit will integrate MetaTrader 5, expanding its offerings to offer Gold, Oil, and Forex pairs for the first time. The keynote will also cover Bybit’s responsive approach to market dynamics, including regulatory changes and economic factors. Zhou will touch on operational expansion, like the recent launch of Bybit Turkey and the integration of Bybit Card with Google (NASDAQ:GOOGL) Pay and Apple (NASDAQ:AAPL) Pay, enhancing the flexibility for users to make fiat purchases with crypto.The event will also delve into Bybit’s community and educational initiatives, including an enhanced customer service experience, AI-powered trading recommendations and explainers tailored to each individual, and signposting Bybit’s “edutainment” livestream offerings.Fortified Security for Web3Security is at the heart of Bybit’s success. In the keynote, Ben will reveal how Bybit has never suffered a security incident, covering the new tools that have the ability to freeze malicious accounts, engaging third-party auditors, and ensuring global compliance. The live address is an unmissable opportunity to discover what makes a crypto market leader tick, how Bybit positions itself to capitalize on future growth in digital assets, and revelations about how these markets will evolve. Tune in to Bybit’s livestream platform to witness how they navigate the changing digital asset landscape.#Bybit / #TheCryptoArk / #BybitWeb3About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 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

BinaryX, a leading developer and publisher for Web3 games, today announced a community vote to reduce the total supply of its BNX token. This initiative aims to increase the token’s scarcity and long-term value for the benefit of the BinaryX community.Proposed Reduction of BNX Token Supply CapBinaryX invites all community members to participate in a crucial vote to determine the future trajectory of the project. The proposal seeks to reduce the maximum supply of BNX tokens by 1.62 billion, bringing the new cap down to 580 million. The current game output will remain unchanged, with future rewards after reaching the supply cap distributed as community incentives from the team’s share.BNX to Enter New Deflationary Model According to the team, the primary purpose of this vote is to decrease the potential market supply of BNX tokens by eliminating unminted ones. The action is expected to enhance the token’s utility through a greatly reduced token supply, consequently allowing BNX to enter a new deflationary model for holders.Voting Details And ParticipationThe official voting period will be announced by the BinaryX team via their official media and community channels. To participate, BNX holders will need to visit the voting page from the official voting period, and connect their wallets to cast their vote.BinaryX’s Commitment to TransparencyAbout BinaryXBinaryX is a leading Web3 gaming platform dedicated to creating immersive and engaging gaming experiences like Ai Hero and Pancake Mayor.Built on the BNB Chain, BinaryX leverages the latest technologies like blockchain and AI to provide players with unique opportunities to own in-game assets, participate in decision-making processes, and experience the true potential of Web3 gaming.For more details and information about BinaryX, users can visit www.binaryx.pro Users can also find more about BinaryX on social media: BinaryX | Twitter | Discord | Telegram | YouTube | MediumContactBinaryXmarketing@binaryx.proThis article was originally published on Chainwire More