Cryptocurrency

$DOP, the token of the Data Ownership Protocol (DOP) will be available for trading in 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5th, 2024.The Data Ownership Protocol clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with an existing fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP.DOP launched its mainnet six weeks ago, following a highly successful testnet phase that saw participation from 2.67 million users. In the last six months, the DOP ecosystem has grown significantly. Over 1 million DOP wallets have been opened, and assets worth more than 10 million USD have been encrypted using the protocol, showcasing the increasing demand for user-centric data ownership solutions.This system incentivizes DOP token retention while implementing a deflationary mechanism through fee burning. It also rewards network supporters via staking distributions. To date, 210,000,000 DOP tokens have been allocated for staking rewards, with over 1.1 billion DOP tokens already staked.The listing announcement comes on the heels of Bybit’s positioning as the world’s second-largest cryptocurrency exchange by trading volume, surpassing Coinbase (NASDAQ:COIN) and trailing only Binance. Bybit’s ascent has been remarkable, with its market share doubling from 8% to 16% since October 2023.To communicate the plans for the second half of 2024, DOP released a new roadmap following Q1’s success. The plan introduces a $5 million developer grant program, expands protocol capabilities, and plans deployment on EVM-compatible chains beyond Ethereum, reducing gas fees and reaching more users.Moreover, the new developer SDK will enable developers to easily integrate and build dApps within the DOP ecosystem. Other objectives aim to enhance user security for managing NFTs by expanding functionality beyond ERC-20 tokens to include encryption and decryption of NFTs.About Data Ownership Protocol (DOP)The Data Ownership Protocol enables users to own their data. In crypto, financial data such as holdings, balances, and transaction history is publicly available on the blockchain. The mission of DOP technology is to let users decide what to share and with whom. DOP aims to empower individuals and businesses with more control over their data through selective transparency, utilizing zero-knowledge cryptography and other advanced technologies.For more information, users can visit Data Ownership Protocol’s: Official Website | Twitter | LinkedinData Ownership Protocol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactMarketingDOPmarketing@dop.orgThis article was originally published on Chainwire More

GoMining, a premier Bitcoin mining operator redefining the industry’s accessibility through their innovative NFTs, each backed with a real share of BTC hashrate, has revealed the upcoming listing of the GOMINING token on the HTX crypto exchange.GOMINING, the utility token of the GoMining platform, will be listed on the HTX crypto exchange on Monday, July 8, according to a joint statement made by HTX and GoMining. GOMINING deposits will kick off at 2:00 pm (UTC) on July 6, two days before the spot trading for the GOMINING/USDT pair will begin.Finally, GOMINING withdrawals will be opened on July 9 at 9:00 am (UTC), allowing token holders to withdraw their assets to any external vault or directly to their virtual wallet on the GoMining platform.When reached for a comment regarding the HTX listing, Mark Zalan, GoMining CEO, stated: “We couldn’t be happier to announce the collaboration with HTX, a premier crypto exchange. This collaboration will provide our constantly growing community with another reliable and convenient way to purchase GOMINING, along with adding additional liquidity for our utility token.”About GoMiningGoMining is a global bitcoin mining company with nine data centers worldwide. Leveraging over 6 years of expertise in the crypto industry, GoMining facilitates seamless global access to daily BTC mining rewards through the ownership of GoMining NFTs, backed by real computing power.GoMining Digital Miners (NFTs)Digital miners are NFTs by GoMining, backed with a real share of computing power ranging between 1 and 5,000 TH/s, depending on the NFT and its level. Each digital miner can be easily upgraded in both computing power and energy efficiency attributes, allowing holders to scale their output with just a few clicks. BTC mining rewards for holding an NFT are delivered daily to any wallet, whether internal or external, of the holder’s choice.GOMINING TokenThe native token of the GoMining ecosystem, GOMINING, is accessible on both the Ethereum (ETH), Binance Smart Chain (BSC) and The Open Network (TON) blockchains. The token is currently available on various exchanges, including Gate.io, Bitfinex, Bitget, MEXC, and Uniswap.GOMINING is utilized for various on-platform payments, including NFT purchasing and upgrading, as well as granting access to an additional 10% discount for electricity fees.About HTXFounded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.ContactSeva NauGoMiningv.naumov@gomining.comThis article was originally published on Chainwire More

In addition, the crypto asset was also pressured as German police moved about $75 million of crypto confiscated from a piracy website onto exchanges and new data from Federal Reserve’s minutes, which indicated that the central bank isn’t ready to cut interest rates yet. Bitcoin later recovered and was trading near $55,700 at the time of writing.Friday’s Bitcoin price correction comes as crypto investors’ attention turned to the nearly $9 billion payout to users of the defunct Mt. Gox exchange. Nobuaki Kobayashi, the trustee managing the Mt. Gox bankruptcy estate, said that repayments in Bitcoin and Bitcoin Cash had commenced for some creditors through several designated crypto exchanges. However, he did not specify the exact amounts transferred to these exchanges.Kobayashi indicated that the remaining funds would be distributed once certain conditions are met, including the validation of registered accounts and the completion of discussions between the trustee and the crypto exchanges.He emphasized that the process aims to ensure repayments are made “safely and securely,” and asked “eligible rehabilitation creditors to wait for a while.”At its peak, Mt. Gox was the largest Bitcoin exchange, handling 70% of all global Bitcoin transactions. The exchange shut down in February 2014 following a massive hack, and its former CEO was later convicted in a Japanese court for tampering with records. Despite closing its operations a decade ago, the trustee has only recently begun issuing refunds to victims, with numerous delays having stalled the rehabilitation process.The repayment process started last year, with many creditors confirming receipt of payments via bank transfer in Japanese yen.Further contributing to the Bitcoin price correction was the German government transferring another substantial portion of its Bitcoin reserves to exchanges after seizing the funds from a piracy website Movie2k.to.According to blockchain data, the German Federal Criminal Police Office (BKA) moved approximately $75 million worth of BTC across multiple transactions on July 4th. These funds were distributed across exchanges such as Coinbase (NASDAQ:COIN), Kraken, and Bitstamp.This recent transfer follows the government’s move of around $315 million in Bitcoin to various platforms since mid-June. In total, Germany has offloaded over $390 million in Bitcoin in less than a month.Moreover, the Federal Reserve’s recent release of minutes from its June meeting revealed officials’ reluctance to lower interest rates until further data indicates a sustainable move toward the central bank’s 2% inflation target. Higher interest rates generally reduce investor appetite for riskier assets like Bitcoin and other cryptocurrencies.Bitcoin had surged to an all-time high of over $73,700 in March this year after the Securities and Exchange Commission approved the first U.S. spot Bitcoin exchange-traded fund (ETF).Bitcoin price has now pulled back 27% from the recent high and is approaching the 38.2% Fibonacci retracement level. This is the first major support block, which is located just below the $52,000 handle.A break below this level would open the door for a deeper pullback, with the zone around $48,000 acting as the next strong support level. This horizontal support block proved to be an important trading zone in the past.On the upside, the Bitcoin price would need to return to trade above $60,000 for the bearish momentum to disappear and for the bulls to regain control. More

This decline prompted a reaction from Michael Saylor, CEO of MicroStrategy and a well-known BTC advocate, who took to social media to express his continued support, stating that Bitcoin represents independence (well-timed for U.S. Independence Day on July 4).However, Peter Schiff, a well-known financial expert and outspoken critic of Bitcoin, responded with characteristic sarcasm, suggesting that Bitcoin would indeed make investors independent of their money. But there’s a catch.Schiff also elaborated on his views, highlighting the recent low of $53,550 per BTC, an enormous drop from its record high of $74,000. He pointed out that this represents a 27.5% decline in U.S. dollar terms and a 38.5% decline against gold.Furthermore, Schiff predicted that if Bitcoin’s value falls below $38,000, all ETF buyers will experience losses, which could trigger widespread selling as investors decide to cut their losses.As Bitcoin navigates its current bearish phase, the question is whether it can recover from this downturn and reach new heights, or whether the predictions of critics like Schiff will come true and lead to further declines.This article was originally published on U.Today More

A cascade effect is observed on the cryptocurrency market due to large liquidations. When large positions are liquidated, it not only further lowers the price but also incites investor panic. The downturn may be made worse by these panic sales, which would result in more liquidations and a steeper price decline. This also applies to the current market, with dire consequences. Considerable selling pressure has been applied to the market as a result of the transfer of funds from the now-defunct Mt. Gox exchange.The movement and possible sale of these funds raises the total quantity of Bitcoin available for purchase, which lowers prices. Another significant factor has been the recent selling pressure from ETFs. Exchange-traded funds (ETFs) have instead become a major source of selling pressure, despite piling up BTC prior to the sell-off.The market price of Bitcoin is adversely affected when these funds sell off substantial quantities of the cryptocurrency. The governments of the U.S. and Germany have been liquidating their cryptocurrency holdings. The market’s problems are exacerbated by this government liquidation, which raises supply and lowers prices. The enormous selling volume we are currently seeing is beyond the capacity of the market’s liquidity. Due to the lack of liquidity, even modest sales volumes may have a significant effect on the price.It will be a difficult journey to recovery. It is unlikely that there will be a rapid recovery because of the large liquidations, large sell-offs from institutional and governmental sources and negative market sentiment overall. Preparing for a midterm bearish market might be a wise decision here.This article was originally published on U.Today More

Tangem AG, the leading global provider of secure hardware wallet solutions, is thrilled to announce a partnership with Visa (NYSE:V), a world leader in digital payments, to enable an innovative self-custodial payment solution for hardware wallets. This important development introduces a Visa payment card that is combined with a hardware wallet that empowers Tangem users to make seamless payments using their crypto or stablecoin balance at Visa-accepting merchant location. This technology will be accessible via a Tangem Visa card across Europe. Tangem will also make this technology available to other issuers who are interested in leveraging it for their own customers. Unlike traditional custodial solutions, which depend on third-party entities to handle user funds, Tangem’s card embeds a private key within the chip and requires the physical card’s use in every transaction. This helps ensure that users can maintain exclusive control over their assets at all times.Further updates on its release and availability will be provided soon.About TangemTangem Wallet is a card-shaped self-custodial cold wallet that gives you full control of your private keys. The Swiss-based company launched in 2017 with a mission of bringing mass adoption of digital assets using a unique combination of a smartcard-based hardware wallet and mobile applications. The company launched its bank card-shaped hardware wallet in 2021, introducing an innovative concept of a seedless self-custodial multi-currency wallet. The wallet allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets. Since its launch, Tangem has produced over 1,000,000 cards and none have been hacked. The Tangem wallet is currently available in 160+ countries and will expand to new jurisdictions in the future. ContactCCODarya KarpukovaTangempress@tangem.comThis article was originally published on Chainwire More

Token delisting is a regular event by Binance, known as the biggest exchange in the crypto industry in terms of daily trading volume. Over the past few years, the trading platform has expanded its reach with the listing campaign of many token pairs.While a listing at any point in time is based on market trends, the narrative changes over time. As a rule, for the platform, trading pairs are typically delisted when their volume plunges below a demand threshold. Some assets may also be delisted based on regulatory considerations.In line with these realities, Binance advised its users with active trades for the listed pairs to close their trades before the set deadline. The exchange confirmed that users who are unable to do this will have their trades settled automatically and deposit the balance in users’ spot wallets.While Binance has made several headlines with its delisting moves, the firm is generally known to complement delistings with the onboarding of other pairs.Per an earlier U.Today report, members of the Shiba Inu community were properly advised that the exchange has not delisted SHIB. This update comes following a circulating rumor attesting to these false claims after Binance announced the delisting of some SHIB trading pairs.This article was originally published on U.Today More

HashKey Global, a licensed digital asset exchange, proudly announces its first profitable month and its ranking among the top 10 global exchanges on Coingeckoas of the date of this release. This milestone marks HashKey Global as one of the fastest-growing digital asset exchanges in the world in 2024.Continuous Trading Volume Growth & Global Top 10 RankingIn June, HashKey Global experienced a 15.31% increase in daily trading volume, reaching $401.6 million USD. The Genesis Trading Campaign saw participation from 4,476 users, a 62% increase from the previous month. Additionally, the exchange welcomed 33,260 new registered users. As of June 17, 2024, HashKey Global ranked 8th among global exchanges on Coingecko.Achieved Profitability within Two Months of LaunchHashKey Global’s rapid growth is further underscored by its financial performance. The exchange achieved profitability within just two months of its launch, driven by significant increases in trading volume, liquidity, asset quality, and user base.Compliant Futures Trading Launched with 100% Fee Rebate ReferralThe official launch of futures trading on HashKey Global introduces the “Futures Trade to Earn” event, offering HSK rewards for futures trades. The exclusive 100% Fee Rebate Referral program allows users to earn a full rebate in HSK when they invite friends to trade futures.Outstanding Launchpool APR & Community Reward Center LaunchedHashKey Global’s second Launchpool concluded with impressive APRs: the USDT pool reached up to 330.4%, and the ATH pool soared to 1,070.83%. Additionally, the new Community Reward Center on Discord enables users to complete tasks and earn H Points, which can be redeemed for HSK and VIP-1 rate cards.About HashKey GlobalHashKey Global is one of the flagship global digital asset exchanges under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts, and leverage trading.For more details, users can visit global.hashkey.com and follow HashKey Global on Twitter，Discord, and InstagramDisclaimer: https://support.global.hashkey.com/hc/en-us/articles/14658364949276-HashKey-Global-News-Release-Standard-Terms-and-DisclaimersContactSenior PR ManagerLuna WangHashKey Globalluna.wang@hashkey.comThis article was originally published on Chainwire More