Blockchain Press Releases
Bitrue Expands Support for XRP with 8 New XRP Trading Pairs
SINGAPORE, March 15, 2024 /PRNewswire/ — In a move driven by user feedback, Bitrue, a leading cryptocurrency exchange, announces the introduction of several new trading pairs for XRP.
Responding to User Demand
Following a recent community feedback initiative, Bitrue actively sought user input on desired XRP pairings. This user-centric approach ensures the platform caters to the evolving needs of its diverse user base. As a result of this initiative, from March 18, 2024 onwards, users will benefit from a wider selection of XRP trading pairs, including:
- PEPE/XRP
- SHIB/XRP
- BONK/XRP
- OP/XRP
- ORDI/XRP
- UNI/XRP
- WLD/XRP
- XAH/XRP
This expansion provides users with greater flexibility and deeper liquidity within the XRP ecosystem.
Celebrating New Pairings with Fee-Free Trading
To commemorate the launch of these new XRP pairings, Bitrue is hosting a special trading event. The event runs from March 19, 2024, 10:00 UTC to March 26, 2024, 10:00 UTC. During this period, users can enjoy zero transaction fees when trading the newly listed XRP pairs.
The total prize pool for the event is dynamic and scales based on user participation. With a maximum potential of $50,000 USDT, the prize pool incentivizes user engagement. The final reward amount will be distributed amongst participants based on their trading volume during the event timeframe.
Bitrue’s Unwavering Support for XRP
Bitrue has been a longstanding supporter of XRP since its inception, being among the first exchanges to offer XRP trading back in 2018, establishing it as a significant trading pair. Bitrue has introduced several XRP-focused features, such as zero-withdrawal fees, XRP collateralized lending, and staking rewards, catering to the XRP community’s needs.
Furthermore, Bitrue contributes to the growth of the XRP ecosystem by operating its own XRP ledger validator and regularly adding new XRP-based tokens while supporting airdrops for the XRP community.
Commitment to User Experience
Bitrue prioritizes user experience and continuously strives to offer diverse trading options and engaging opportunities within the cryptocurrency market. This initiative demonstrates Bitrue’s dedication to fostering a vibrant and dynamic trading environment for its users. During times of turbulence and uncertainty, exchanges such as Bitrue, which remain loyal to assets, serve a crypto function within the cryptocurrency ecosystem.
Detailed information regarding the event, including registration instructions and the prize distribution structure, can be found on the Bitrue website. Users are encouraged to visit the website and participate in this exciting event.
View original content:https://www.prnewswire.co.uk/news-releases/bitrue-expands-support-for-xrp-with-8-new-xrp-trading-pairs-302087936.html
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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