Cryptocurrency

The Abey Foundation is thrilled to announce that Abey, a pioneering Layer-1 blockchain, has officially launched the trading of its token on the BitMart cryptocurrency exchange starting from 14:00 UTC on June 26, 2024. This listing marks a significant milestone in our journey, aligning with our vision to expand global reach, enhance accessibility, and improve liquidity for our growing community.Abey’s integration with BitMart opens new opportunities for investors and traders worldwide, making it easier than ever to engage with our innovative blockchain ecosystem. The listing on BitMart is a strategic step towards fostering a more inclusive and dynamic financial landscape, providing users with seamless access to our token. In addition to this exciting listing, we are continuously working on enhancing the inter-app features of the Abey blockchain, which will allow seamless interaction between different applications within the Abey ecosystem. These advancements are set to redefine the user experience, making the Abey blockchain more versatile and interactive.Abey invites its community and new users to explore the trading offerings available on BitMart and stay tuned for more updates on our upcoming features. Users can follow Abey’s X or join Abey’s Discord to see how they can earn some bonus $ABEY through socials, signing up for trading, and more!About BitMartBitMart is a top-20 global digital asset trading platform, providing real-time trading services for various digital assets. With a mission to drive innovation in the blockchain industry, BitMart offers a secure, professional, and user-friendly trading experience to users worldwide.For more information, users can visit bitmart.com.About AbeyBuilt for DeFi, GameFi, Metaverse projects and more, Abey is an EVM-compatible L1 with no downtime since its launch in 2018. Its unique inter-app feature promotes greater engagement among Abey builders and users, enabling them to accumulate potential benefits from utilizing different apps within the Abey ecosystem.To apply for a grant or read more, users can visit abey.com.ContactJasonAbeyFoundationjason@abey.comThis article was originally published on Chainwire More

Bybit, the world’s second-largest web3 platform by trading volume, marks a new chapter in its commitment to the Turkish market by resounding the partnership with Narkasa to continue the operation of Bybit Turkiye. Bybit Turkiye will be an independent brand, brought and operated by Narkasa Yazılım Ticaret Anonim Şirketi, a Turkish domiciled entity.This latest development signifies Bybit’s dedication to providing Turkish users with a more localized and secure crypto trading experience.What’s New:This article was originally published on Chainwire More

Elastos Partners with BEVM for Bitcoin Native Peer-to-Peer Loans. Partnership aims to unlock up to $1.3 trillion of dormant Layer 1 Value, as US consumers get excited about the 3rd Age of BitcoinElastos, the SmartWeb ecosystem provider, has announced a partnership with the L2 provider, BEVM, to develop a peer-to-peer Bitcoin-denominated loan offering around the former’s BeL2 protocol. Together the companies believe they can unlock up to $1.3 Trillion of dormant Layer 1 Bitcoin Value, which is supported by data from the latest Elastos’ BIT (Bitcoin; Innovation & Trust) Index suggesting more than two-thirds of US tech-savvy consumers are comfortable using Bitcoin. Collateralizing 80% of assets while the Bitcoin Layer is untouchedElastos believes momentum is building around the Third Age of Bitcoin, where users will be able to transact using Native Bitcoin. Partnering with BEVM to develop this Bitcoin Native loan product will allow users to collateralize up to 80% of their assets in return for L2 credit (stable coins, for instance) based on terms defined in a Bitcoin-assured smart contract. The integrity of the currency is assured by BeL2’s unique ZK-proof process which means the Bitcoin Layer is untouched as the process can be completed without bridging, wrapping or otherwise interfering with the Bitcoin Layer. This maintains the integrity of the currency and avoids network congestion and additional fees that would otherwise result. This approach enables Elastos and BEVM to deliver a genuinely peer-to-peer loan product, which is completely disintermediated and anonymous. Verification (potentially through third party services) and resulting costs/delays would only be required in the event of a dispute between the two parties.Launched in December ’23, the Bitcoin Elastos Layer2 (BeL2) protocol is a Layer 2 solution for Bitcoin, enabling multiple functionalities such as staking and smart contracts to be denominated directly in the World’s most popular digital currency. BEVM will be collaborating with the Elastos’ BeL2 protocol to deliver a BTC Oracle to monitor and analyze all Bitcoin-based activity in real time. As the BeL2 protocol enables Bitcoin users to manage any relationship through the currency – from staking (‘interest’), to complex multi-party agreements through smart contracts – the BTC Oracle will potentially become a vital source of insight into how the currency is being used. US tech-savvy consumers trust BitcoinThis partnership comes as new data from the Elastos’ BIT (Bitcoin; Innovation & Trust) Index indicates growing excitement among US tech-savvy consumers for Bitcoin. 63% of ‘tech savvy’ consumers feel either ‘perfectly comfortable’ or, even, ‘excited’ about transacting in Bitcoin and over half respondents in the US are using Bitcoin at least once a month. Among the use cases:About ElastosElastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works for them to better control their own data.https://www.linkedin.com/company/elastosinfo/Elastos’ BIT (Bitcoin; Innovation & Trust) Index MethodologyThe data was compiled from over 1,400 self-defined ‘tech savvy’ respondents from 7 countries across the globe. The research was compiled from online interviews conducted in Brazil, Germany, Nigeria, South Korea, UAE, UK, and US. The interviews were completed by a third party, registered market research company and completed between 30 March and 04 April ’24.About BEVMBEVM is the first fully decentralized EVM-compatible Bitcoin L2 that uses BTC as Gas. It allows all DApps which can run in the Ethereum ecosystem to operate on Bitcoin L2.www.bevm.iohttps://twitter.com/BTClayer2ContactMedia ContactRoger DarashahElastosroger.darashah@elastoselavation.orgThis article was originally published on Chainwire More

RWA tokenization protocol, Blocksquare, today announced the release of its Oceanpoint v0.5 launchpad, introducing Marketplace Pools for community supported, decentralized real estate real investment and tokenization. The launchpad update offers a streamlined process to garner funding in tokenized real estate investment for marketplace operators and community members.Marketplace Pools, a key feature of the launch, simplifies community-driven support and funding. Operators present proposals to the BST community, detailing business plans and key performance indicators. Community members then approve proposals for investment, commencing with a minimum deposit of 500 sBST, aiming to reach 100,000 sBST to activate full community support and enhanced APY incentives.To read more about Marketplace Pools, please visit here or join the community forum here.About BlocksquareBlocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a layer to their established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection. Website | X | Telegram | Blog | Facebook (NASDAQ:META) | Reddit | LinkedIn | Token overview | ForumContactCMOJulia Buchholzmarketing@blocksquare.ioThis article was originally published on Chainwire More

Sentiment towards broader crypto markets was also on edge before a key U.S. inflation reading due on Friday, which is likely to factor into the outlook for interest rates.Bitcoin rose 0.1% over the past 24 hours to $61,367.0 by 08:58 ET (12:58 GMT).Distributions of tokens stolen from the Mt Gox exchange in 2014 remained the biggest point of concern for Bitcoin. Liquidators for the exchange said distributions will begin in early July, and will see stolen Bitcoin and Bitcoin Cash tokens being returned to clients.Given that the tokens will be at a substantially higher value than when they were stolen, traders speculated that receivers were likely to sell their tokens, representing a massive sale event for Bitcoin, which could potentially bring down prices substantially. This notion weighed heavily on Bitcoin prices through the week, and put the world’s largest crypto on course for a nearly 9% tumble in June.Broader crypto prices drifted higher, but were still nursing losses through June.World no. 2 token Ether rose 0.1%, buoyed by reports that the Securities and Exchange Commission could approve a spot Ether exchange-traded fund (ETF) as soon as next week.But the token was also trading down nearly 9% in June. SOL, XRP and ADA rose between 1.1% and 3.5%, and were also nursing losses through June. Trading volumes in the altcoins were also limited.Among meme tokens, DOGE and SHIB climbed 3.3% and 1%, respectively.Strength in the dollar, which hit a two-month high, pressured crypto prices, as traders pivoted into the greenback ahead of PCE price index data due later on Friday.The reading is the Federal Reserve’s preferred inflation gauge, and is likely to tie into the outlook for interest rates.The prospect of high for longer interest rates was a key weight on crypto prices through June, given that the sector usually thrives in a low-rate, highly speculative environment. The crypto market is overly pessimistic about the upcoming launch of spot ether ETF in the U.S., with net inflows potentially reaching $20 billion in the first year, according to a report from Steno Research on Thursday.The report noted that ETH’s appeal to Wall Street could drive significant investment.“We continue to forecast a net inflow between $15 billion and $20 billion in the first 12 months, even considering the outflow from the Grayscale Ethereum Trust (ETHE),” said Steno analysts in a note seen by CoinDesk.They added that this influx should boost ether’s value both in dollar terms and relative to bitcoin.Steno Research predicts ether could reach at least $6,500 later this year, driven by these expected inflows to spot ETFs and additional positive factors.Spot ether ETFs are set to begin trading in the U.S. after the SEC approved filings from issuers last month. Trading could start as soon as next week, pending the approval of S-1 filings.Steno Research estimates that if the projected spot ether ETF inflows materialize, the ether/bitcoin ratio could strengthen to 0.065 later this year.“A smaller inflow into ether ETFs compared to bitcoin ETFs will have a greater impact on ether due to its lower market capitalization and substantially poorer liquidity,” the report said, adding that inflows into ETH spot ETFs are more likely to exceed expectations than fall short. More

Kiyosaki argued that these financial instruments are not representative of the actual assets they claim to track.The concerns center on the authenticity of ETFs. He highlighted that a gold ETF, for instance, can sell the same ounce of gold multiple times, making it a poor substitute for owning physical gold. This, he explained, is why he prefers to hold real gold, silver and Bitcoin, which he keeps secure, away from traditional financial institutions and Wall Street.Kiyosaki’s stance is consistent with his long-standing criticism of traditional financial market instruments and the Federal Reserve’s monetary policies. He has been vocal about his belief that the dollar is a “fake” currency and has urged people to invest in what he considers real money: BTC, gold and silver. According to Kiyosaki, these assets are tangible and belong to the people, unlike ETFs and other financial products traded on the market. He is not alone in his sentiment about ETFs, when many Bitcoin maximalists and the most ardent proponents of decentralization also reject any such innovation.This article was originally published on U.Today More

This statement provoked a massive wave of comments where the opinions split – some supported DogeDesigner’s statement, while others “voted” for Bitcoin.Roughly ten days ago, @cb_doge published a similar tweet and it got the attention of Dogecoin co-founder Billy Markus known on the X platform as “Shibetoshi Nakamoto.” Markus then clearly expressed his take on this point. He tweeted: “i would rather have 1 bitcoin than 1 dogecoin tbh.”In November last year the Dogecoin founder revealed his net worth as he commented on an article claiming that he is worth approximately $5 million. Markus stated that his “net worth” is well under $1 million and if he indeed possessed the above-mentioned sum of money on his bank account, he would have been much more relaxed about money.Markus does not even hold a lot of Bitcoin or Dogecoin, according to his tweets that were published later. As for Bitcoin, his holdings comprise just 0.006 BTC.This article was originally published on U.Today More

According to a recent report by IntoTheBlock, there are currently 1,010,777 such addresses, marking a notable achievement in the Bitcoin ecosystem.IntoTheBlock, a blockchain analytics platform, highlighted this milestone in a chart that illustrates the growing trend of individuals and entities accumulating Bitcoin to reach wholecoiner status. The term “wholecoiner” refers to those who hold at least one whole Bitcoin, a status increasingly sought after by investors.The data shows a clear long-term trend: more and more people are striving to become wholecoiners.This trend reflects the broader adoption and confidence in Bitcoin as a store of value and an investment asset. The increasing number of wholecoiners is a testament to the growing belief in Bitcoin’s potential for long-term growth and stability.IntoTheBlock’s analysis indicates that this upward trend is not a short-term phenomenon but a sustained movement. Over the years, as Bitcoin has matured, the number of addresses holding at least one BTC has steadily increased.Bitcoin has fallen roughly 17% since reaching an all-time high of nearly $74,000 in mid-March on rising optimism about the approval of U.S. exchange-traded funds to directly hold the original cryptocurrency.At the time of writing, Bitcoin had risen 0.04% in the previous 24 hours to $61,592. Adding to the melancholy on the markets is shifting expectations of U.S. interest rate cuts, which has reduced demand for the most risky assets.This article was originally published on U.Today More