Cryptocurrency

Plutus, a pioneer in tokenized loyalty rewards, is implementing strategic upgrades to enhance platform integrity and ensure long-term sustainability. Guided by community feedback, with 67% of users expressing support, the company is rolling out initiatives aligned with its whitepaper, including offering rewards of up to 10% on debit card payments, positioning itself as a competitive alternative to traditional cashback and credit card programs.Consequences Of Scaling AmbitionsSince its inception in 2015 as one of the earliest community-supported Ethereum-based platforms, Plutus has pursued rapid growth while maintaining a self-funded approach. This expansion has introduced operational challenges that have, at times, affected the customer experience and community trust.Plutus is now dedicated to addressing these issues and strengthening the platform.Steps to Improve Platform Integrity and User ExperienceIn a move toward greater transparency, Plutus plans to release its financial model as open-source, enabling public verification and contributing to industry innovation.Plutus doesn’t rely on fancy PR firms for polished statements – the company speaks directly and honestly with its community. While there may be missteps along the way, Plutus is committed to improving and ensuring its messages are clear, consistent, and aligned with its values.Looking AheadPlutus prioritizes maintaining a secure, respectful environment as it prepares for growth and an upcoming Series A funding round with an industry-leading partner. This collaboration will support the 2025 network transition, enhancing Plutus’ tokenomics while safeguarding the community and fostering a positive space for customers who share its values. With Tier 1 network support and funding, Plutus remains committed to transparency and sustainability, ensuring its position as a leader at scale and delivering lasting value to millions of customers.For more details on upcoming features, please visit: Plutus White Paper 2024About PlutusPlutus is a leading rewards and finance platform, providing lucrative solutions for its community worldwide. Focused on transparency, trust, and organic long-term growth, Plutus empowers everyday card spenders with tokenised loyalty rewards that maximise value in any economy.ContactPlutus Teampress@plutus.itThis article was originally published on Chainwire More

Currently trading above $90,000, Bitcoin has been rallying since Donald Trump’s election as U.S. president, driven by expectations of regulatory easing.The brokerage pointed to key upcoming appointments, including a new SEC chair and Treasury Secretary, as critical for the crypto market. “We expect the SEC chair and Treasury position to be filled by a pro-crypto candidate and that the market should remain positive, regardless of specific appointments,” analysts wrote. Bernstein also highlighted progress in the U.S. toward establishing a Bitcoin reserve but noted that the legislative process could take time. “For us, the demand for Bitcoin this cycle is led by institutions, corporates and retail,” analysts said, adding that momentum signals a shift to broader institutional and sovereign interest in the asset.Bernstein anticipates this cycle to transition from being retail and corporate-led to sovereign-driven, bolstered by deregulation and anti-Central Bank Digital Currency (CBDC) sentiments.Trump’s promises, which includes boosting U.S.-based Bitcoin mining, simplifying token registration, and supporting stablecoin legislation, are expected to fuel institutional and sovereign demand for digital assets. More

WeFi, the next-generation financial platform dedicated to reimagining access to global financial tools, successfully holded the highly anticipated Token Generation Event for its native $WFI token on Friday, November 15th. Following the TGE, $WFI debuted on Bitmart on November 18th, opening up new avenues for participation and interaction within the WeFi ecosystem.The $WFI token is the lifeblood of WeFi’s ecosystem, which seeks to empower users with a seamless blend of DeFi and traditional financial tools. Initially launched on Binance Smart Chain (BSC), $WFI will soon migrate to WeFi’s own WeChain blockchain, where it will power everything from liquidity pools and transaction fees to staking and advanced dApps. With a fixed supply of 1,000,000,000 tokens, $WFI was engineered to foster a unique ecosystem that values community participation and sustainable growth over quick gains.The TGE for $WFI embodies WeFi’s commitment to a Fair Launch model, ensuring that all participants have equal access to the token from the outset, without the advantage of pre-sale allocations or VIP access. This Fair Launch approach aligns with WeFi’s mission to create a Financial ecosystem rooted in transparency and inclusivity, making $WFI accessible to a broad community of users.A key feature that sets WeFi apart is its non-custodial account system, which seamlessly bridges Web3 and traditional banking. Users maintain full control of their digital assets while enjoying everyday banking convenience: their Web3 wallet connects directly to a non-custodial bank account linked to a credit card, enabling automatic spending from their crypto holdings without manual top-ups. This means users can spend their digital assets as easily as traditional currency while retaining complete custody of their funds.This non-custodial design is expected to be a defining feature for WeFi, empowering users with secure, self-managed access to $WFI and positioning WeFi as a forward-thinking platform in the DeFi space.A central pillar of WeFi’s approach is the Initial Technology Offering, or ITO platform, which facilitates community-driven token distribution through ITO nodes. These nodes allow early adopters to mine $WFI while also granting access to exclusive WeFi services, early listings, and additional rewards – creating a multi-faceted engagement model. Since its inception, the ITO platform has seen remarkable activity, with over 35 million $WFI tokens already minted, reflecting robust community support and interest in WeFi’s vision. Through ITO nodes, WeFi doesn’t just focus on mining but builds a network of committed users actively participating in the platform’s growth and evolution.As WeFi advances, the platform’s development roadmap includes further integration with the WeChain blockchain and the continued rollout of Neobank services. This TGE marks a significant chapter in WeFi’s journey to create a community-driven ecosystem that combines financial freedom with robust utility, thus signaling a new era of possibilities for decentralized finance.About WeFiWeFi is a pioneering global blockchain ecosystem and intelligent data platform dedicated to transforming finance through the integration of AI and blockchain technology. Focused on building a more inclusive and accessible financial system, WeFi leverages AI-driven nodes to analyze transactional patterns, proactively prevent financial crime, and deliver transparency, interoperability, and real-time insights to the global finance and fintech sectors. Through its Initial Technology Offering (ITO), WeFi invites early adopters to participate in the ecosystem, earning rewards while contributing to its mission of democratizing finance and setting new regulatory standards worldwide.For more information, users can visit WeFi’s ITO website at wechain.ai or follow us on X for updates on $WFI and the WeFi ecosystem.ContactWeFipress@wefi.coThis article was originally published on Chainwire More

As the on-chain analytics report states, the unknown whales, along with two other wallets that recently resurfaced, deposited 200 BTC, worth about $17.9 million, into the oldest major crypto exchange, Bitstamp, and transferred 351 BTC, worth another $31.5 million, to a new wallet.The latest emergence of early Bitcoin investors from the period when the enigmatic creator of the cryptocurrency, Satoshi Nakamoto, was still active online is just another in a series of similar awakenings. However, despite the activity, the price of BTC continues to rise, absorbing all of the offered supply. We also see that not all coins make it to platforms like Bitstamp, and eventually the biggest “slices” are withdrawn to other wallets. Thus, besides the fact that deposits are taking place on Bitstamp, the bigger picture reveals a more complicated route for Bitcoin from old crypto investors.How this will end for the cryptocurrency remains an open question, but as the oldest “diamond hands” start to shuffle their holdings, it is definitely something to keep an eye on.This article was originally published on U.Today More

In conjunction with its token listing on centralized exchanges (MEXC, Bit2Me), Polkadot parachain LAOS Network is thrilled to announce a strategic partnership with Sequence, the all-in-one development platform for integrating web3 into games, to bring Free-2-Play game mechanics to blockchain gaming, now achievable at an unprecedented scale.By leveraging Sequence’s robust web3 technology stack, LAOS Network addresses key challenges in blockchain gaming, including high gas fees and network congestion, to deliver a seamless experience with web3 asset ownership. This partnership is meant to allow developers to easily harness LAOS’s “Bridgeless Minting” to tokenize in-game assets onto any EVM blockchain, while keeping minting costs low enough to suit even the high transaction volumes required by Free-2-Play models. Sequence’s established integrations as the only verified EVM-based web3 Embedded Wallet solution on major gaming engine stores like the Unity App Store and Unreal Marketplace are set to facilitate LAOS’s ongoing mission to bridge traditional and blockchain gaming.The Sequence partnership builds on LAOS Network’s recent growth, following collaborations with MetaverseMe for Free-2-Play blockchain gaming, Netherak Demons in ARPG mechanics (a Sequence gaming partner), and The Mines Run, a cyberpunk runner game on Ethereum, and Life’s Meta (NASDAQ:META), an AI-powered social simulator. Each partnership leverages LAOS Network to bring scalable minting and on-chain dynamics to the forefront of their gameplay. Furthermore, by the end of 2024, LAOS promises to extend its Bridgeless Minting technology to minting NFTs at scale directly on Bitcoin without relying on Layer-2 solutions, bridges, or the limitations of existing options like Ordinals.LAOS Network and Sequence invite developers to explore the transformative potential of their partnership through the LAOS Grant Program. This program provides a wealth of resources from both LAOS and Sequence, including dedicated mentorship, development support, advisory services, and essential tools for launching and scaling web3 games. With a total of 190M $LAOS tokens in funding, the program aims to support promising web3 projects leveraging the LAOS infrastructure, working to empower developers to bring innovative gaming experiences to life and advance the web3 gaming ecosystem.About LAOS NetworkLAOS Network is an innovative Layer-1 blockchain designed to enable large-scale minting of non-fungible tokens (NFTs) on any chain, without incurring the high gas fees typically associated with these networks. Its bridgeless minting technology allows for the seamless creation of digital assets on blockchains such as Ethereum, Polygon, and Hedera, while eliminating network congestion issues. As a parachain on Polkadot, LAOS benefits from battle-tested security and cross-chain interoperability through Polkadot’s Universal Location system. This allows LAOS to support large-scale gaming and digital asset ecosystems without the friction of traditional bridging solutions. The LAOS Network Utility Token will soon be tradable at https://mexc.com/ and Bit2Me.com.About SequenceSequence is an all-in-one development platform for integrating web3 into games. Users can onboard, monetize, grow, and retain players with Sequence’s award-winning technology. From collectibles and ownable rewards to fully on-chain experiences, Sequence’s easy-to-integrate platform works to solve blockchain complexities, so developers can focus on creative execution and delivering player experiences. Trusted by hundreds of games, thousands of developers, and powering millions of users, Sequence is backed by Take-Two Interactive (NASDAQ:TTWO), Ubisoft (EPA:UBIP), Xsolla, Bitkraft, Brevan Howard, Coinbase (NASDAQ:COIN), Polygon, and more.For media inquiries and more information, users can read the Sequence media kit and contact either:Stefania AsisMarketing Manager, LAOS Networkstefania@laosnetwork.ioMegan DoyleProduct Marketing Director, Sequencemd@horizon.ioContactCo-founderAlun EvansLAOS Networkalun@laosfoundation.ioThis article was originally published on Chainwire More

According to the provided chart an RSI reading above 80 indicates that XRP is in an overbought phase. This usually indicates that a correction is likely to occur soon. The asset continues to attract interest as evidenced by the high trading volumes. Additionally technical levels are very important. XRP is facing resistance around the $1.10 mark which it has yet to break through convincingly. Support is situated between $0.95 and $1.00 which may be a crucial level in the event of a correction. XRP may continue its rally to $1.20 and higher if it can overcome the present resistance at $1.10. But sustained trading volume and ongoing investor interest are needed to keep this upward momentum going. If not there’s a good chance that the market will head back to the support area which is centered around $0. 95 and has a lot of buy orders. In the near future holders of XRP might experience volatility particularly if profit-taking starts after the recent surge. Long-term investors however are likely to maintain their optimism regarding future growth as long as fundamental factors and general market conditions remain favorable. Right now XRP is at a turning point. If the asset can break through resistance and hold current levels its upward momentum could continue. On the other hand, overbought signals point to a possible short-term correction. To determine the assets trajectory for the upcoming week investors should keep a close eye on the crucial levels of $0.95 and $1.10.Even with a recent spike in trading volume it seems like the momentum has cooled off. There is no obvious direction of movement as indicated by the current RSI level of about 62 which shows that SHIB is neither overbought nor oversold. The main cause of SHIBs stagnation is revealed by analyzing on-chain data. As soon as the price moves higher many investors start to profit. SHIB has reached a ceiling as a result of the ongoing sell pressure which has kept it from experiencing steady growth. Furthermore SHIBs value is still being diminished by the sheer volume of tokens in use. It becomes difficult to achieve meaningful price appreciation when there is a diverse investor base holding trillions of tokens unless there is a significant increase in buy-side demand. The performance of SHIB is bad in comparison to the other top ten cryptocurrencies. Even though cryptocurrency assets like Bitcoin and Ethereum are reaching all-time highs, the Shiba Inus ecosystem seems to be having trouble drawing in long-term investors who could steady its price movement. A crucial indicator for determining how strongly prices are moving is the RSI. The price of Bitcoin has been rising steadily but the RSI is exhibiting divergence which occurs when the price reaches higher highs but the RSI does not. A possible reversal is set in motion when this disparity frequently signals that the assets upward momentum is waning. Long-term bullish rallies frequently exhibit these divergences which frequently act as a precursor to an approaching correction. For now Bitcoin is in overbought territory indicating that the market may be overheated. Significant sell-offs may result if Bitcoin does bounce back from its peak of $90,000 particularly as traders and investors scramble to lock in profits. If the price falls below important support levels like $78,000 or $70,000 it might worsen the situation and drag the entire cryptocurrency market down with it. This would be especially undesirable for altcoins as many of them depend on the bullish momentum of Bitcoin to maintain their own rallies. Widespread market instability could result from a Bitcoin correction that sets off a chain reaction. The RSI divergence should not be disregarded even though Bitcoin is still a dominant market. In order to withstand possible downward pressure Bitcoin must consolidate and establish stronger support levels if it is to continue its rally sustainably. Otherwise the market might be about to experience a pullback which would reset it before any more bullish activity. Investors ought to exercise caution and monitor important indicators.This article was originally published on U.Today More

Since 2020, MicroStrategy has embarked on an aggressive Bitcoin accumulation strategy, positioning the cryptocurrency as its primary treasury reserve asset. As of Nov. 10, MicroStrategy holds nearly 279,420 Bitcoins acquired at an aggregate purchase price of $11.9 billion and an average purchase price of approximately $42,692 per Bitcoin, including fees and expenses.According to Bloomberg, this Bitcoin cache worth nearly $26 billion is larger than the cash and marketable securities of global industry heavyweights including International Business Machines Corp. (NYSE:IBM), Nike Inc (NYSE:NKE). and Johnson & Johnson. Only roughly a dozen corporations, including Apple Inc (NASDAQ:AAPL). and Alphabet (NASDAQ:GOOGL) Inc., have more assets in their corporate treasuries.MicroStrategy created its performance metric, Bitcoin yield, which analyzes the percentage change in the ratio between its Bitcoin holdings and assumed diluted shares outstanding from one period to the next. The year-to-date yield is currently 26.4%.Saylor chose to invest in Bitcoin in 2020 as a hedge against inflation as MicroStrategy’s revenue growth slowed. The firm first made the purchases with cash from operations but has since turned to leveraging the funds from stock issuance and sale, as well as convertible debt sales, to leverage its purchasing power. It has now emerged as the largest publicly traded corporate holder of Bitcoin.MicroStrategy is doubling down on its Bitcoin strategy, aiming to raise $42 billion over the next three years to buy more Bitcoin.This article was originally published on U.Today More

Recently, CoinList conducted a poll asking users, “What category of projects do you want to see most on CoinList?” underscoring growing interest in decentralized infrastructure solutions. Following this, CoinList announced an exciting partnership with U2U Network, a DePIN-focused Layer 1, for an exclusive pre-listing campaign.DePIN – More than just a trendDecentralized Physical Infrastructure Network (DePIN) is emerging as a technology aimed at shifting how infrastructure is managed. By decentralizing services like computing, energy, and telecommunications, DePIN seeks to offer scalability, resilience, and cost-efficiency beyond what centralized systems typically provide.This innovation represents a new phase of technological progress—one that broadens access and creates opportunities for communities historically excluded from economic growth. DePIN’s impact is set to be significantAs of November 2024, the DePIN sector boasts a market capitalization exceeding $33.6 billion, according to CoinGecko. Venture capitalists are increasingly investing in DePIN projects, indicating strong interest in the sector. A 2023 report by Messari values the market potential for DePIN at $2.2 trillion, with projections to reach $3.5 trillion by 2028. To date, DePIN projects have collectively raised over $1 billion in funding, reflecting growing investor confidence in this area.CoinList, the top 1 IDO platform in crypto, acknowledged the potential of DePIN and joined the market with many successful DePIN projects such as Filecoin, NATIX, Koii, peaq, etc. After the recent successful listing period of Peaq, CoinList has just announced its new collaboration with U2U Network, the leading DePIN Layer1 in Asia, for a new pre-listing campaign. Coinlist x U2U Network: U2U Incentivized Mainnet Saga CampaignU2U Network, backed by Kucoin Ventures, Chain Capital, IDG Blockchain, JDI, Cointelegraph, Crypto Assets Japan, and V3V Ventures, stands as the only DePIN project selected for collaboration by CoinList in Q4 2024, a clear sign of its innovation and leadership. As a modular Layer 1 network, U2U Network uses advanced directed acyclic graph (DAG) technology and Ethereum Virtual Machine (EVM) compatibility to provide fast transactions and quick finality.U2U Network aims to address the fragmented nature of the DePIN market, where full integration across applications is rare. Its vision is to create a complete blockchain solution for DePIN. The network’s unique subnet technology allows for the creation of customizable, independent sub-networks that offer scalability and flexibility tailored for DePIN applications. This design provides high performance, strong security, and adaptability, giving developers the tools to build and launch DePINs efficiently while enabling users to connect, contribute, and earn from various DePIN projects.CoinList’s partnership with U2U Network reflects their shared commitment to advancing the DePIN sector. This collaboration is highlighted by the U2U Incentivized Mainnet Saga Pre-listing Campaign, marking a key step in driving the growth and adoption of DePIN technology. With a way to earn with This campaign to get access to $U2U tokens before they hit the market.Users now have an opportunity to earn $U2U tokens by bridging $USDT on Owlto Finance to receive $pUSDT and then staking $pUSDT in the U2U Incentivized Staking Pool (NASDAQ:POOL). A reward pool of 10,000,000 $U2U tokens has been allocated for this initiative.Timeline: 90 days, from 12th Nov 2024 to 10th Feb 2025For more information, users can visit: https://mainnetsaga.u2u.xyz/ Beyond its partnership with CoinList, U2U Network is set to embark on an ambitious campaign with Bitget, a world-leading cryptocurrency exchange and Web3 innovator. This collaboration marks another significant step in U2U Network’s mission to expand its reach and influence within the DePIN ecosystem. Stay connected with U2U Network’s social channels for upcoming details about this exciting venture.The Future Goes OnAs excitement builds across the community from U2U Network’s pre-listing campaigns, the anticipated listing is set to launch in Q4 2024. With its vision to be a comprehensive blockchain solution for DePIN, U2U Network is poised to take the blockchain space by storm, bringing robust innovation and value to its ecosystem and users alike. As the listing approaches, the path forward for U2U Network promises exciting opportunities and impactful contributions to the blockchain industry and beyond.About U2U Network:U2U Network is a modular L1 with subnet technology that perfect fit for DePIN. Their backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port, and others. The project has also entered into partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher, etc. KOLs that have invested in U2U Network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc. Mainnet is ready with more than 180K wallet addresses. DePIN Subnet launched with U2DPN product with more than 155K downloads, 59K contributer nodes, and 9K DAU in 3 months of launching. 80 dApps committed to building on chain (EVM-compatible) range from crypto applications (Defi, Gamefi, SocialFi, etc) to real-world scenarios (Storage, data mining, etc), and over 40 DePIN project signed MOU and under integration, 25 other projects in the pipeline.About the host VTISVietnam Tech Impact Summit 2024 (VTIS) – The Premier Tech Event in Vietnam.VTIS is a hub for transformative innovations, serving as “The gateway to Vietnam’s emerging technology market”. VTIS connects global experts, businesses, investors, and tech enthusiasts across technology sectors. Focusing on 4 themes—Fintech, AI, Blockchain, Gaming, VTIS will unlock market access, partnerships, and investment opportunities for startups. Hosted by SSI and FPT Group and Organized by SSID.Website: Vtis.ioREFERENCE:This article was originally published on Chainwire More