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Safemoon’s Tough Competitor Bitrise Coin Trending No. 1 on CoinMarketCap

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New York, New York–(Newsfile Corp. – October 31, 2021) – Safemoon’s rapid price increase has been one of the most talked-about topics in the crypto market this year. From April 2021, investors have made millions in profits, and the coin dominance is still evident. But now there is a new challenger – Bitrise coin.

Bitrise

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The Bitrise coin is barely over three months old and is already proving a force to reckon with. The coin is currently, as of writing, trending No. 1 on CoinMarketCap. Bitrise coin has been doing well in the last few months and is currently experiencing thousands of new members joining every day.

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Like Safemoon, Bitrise is a DeFi project that is increasing efficiency in the financial industry by eradicating intermediaries. The token stands out as it offers unique features in the market. The tokenomics are very interesting and attractive to investors who are interested in highly potent tokens.

Bitrise is a hyper-deflationary payment network token, but the control of the tokens in circulation is a bit unique and stands out from most of the competing tokens, and this increases its competitiveness towards Safemoon. The Bitrise team has created an automated buyback system to deal with the liquidity issue. It is the first token to develop an automated buyback system.

In tokenomics, the team has set aside 5% of the 12% collected from every sale to buy and burn tokens in the liquidity pool. The 5% is sent into the buyback contract, which automatically buys tokens in the liquidity pool to reduce circulation, which results in a price increment. With buyback automation, investors are confident of zero manipulation of token liquidity. This is one of the ways that Bitrise coin is increasingly becoming a tough Safemoon competitor.

The reward system for Bitrise token holders is very transparent and efficient. The 4% of the collected fee goes to token holders as rewards in the form of BNB. The unique thing is that all rewards are automatically sent into the holder’s wallet every 60 minutes. This is exactly what most crypto investors look for and is one of the reasons why the Bitrise coin is trending number one CoinMarketCap, as of writing.

Note that only the tokens in the liquidity pool receive BNB rewards, thus granting more rewards to each token holder. There will be no need to request for reward release or hours of waiting. It has an efficient reward system than Safemoon and many other similar DeFi projects.

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Apart from the innovative and attractive tokenomics, Bitrise products are increasing token utility. The main products include Bitrise Audit, Bitrise Wallet, and Bitrise Exchange. The Bitrise Audit was the first product and was launched in August. The platform provides free audit service to blockchain and smart contracts projects to developers. It has been a game-changer in audits.

Bitrise Wallet was released in mid-October and has been a force to reckon with. The wallet is challenging some of the most popular wallets, such as Trust Wallet, with its incredible features. It is one of the most secure and safest wallets, as it is designed to use private keys, mnemonic phrases, passwords, and authentication to keep digital assets safe from unauthorized parties.

The dApp wallet allows users to trade a vast range of coins, including swapping BEP20/ERC20 tokens, without the need for Pancakeswap or Uniswap tools. Therefore, users can trade Safemoon, Shiba Inu and all other tokens in the market. In addition to this, the wallet comes with an in-built chart feature that allows users to check prices and token charts without leaving the wallet. The user interface for this dApp wallet is super intuitive and easiest to use.

Though Safemoon has been doing very well, soon it will be competing with equally tough coins, including Bitrise coin. Bitrise token has everything perfect, from tokenomics to products, and that’s why at the time of writing this article, it was trending No. 1 on CoinMarketCap.

As the team releases the remaining products, as specified in the roadmap, Bitrise coin will continue to increase in value at the same rate as Safemoon or even higher.

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Check out the Bitrise dApp wallet Beta 2 version. It can be downloaded at Google Play Store and Apple App Store. Search Bitrise, and the app will pop up.

Media Contact

Gert Sanem
Eail: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken

PR – Cryptoshib.com
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101483

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Blockchain

World Chess and the Algorand Foundation propose leveling the playing field with a “chess passport”

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In a whitepaper published today, World Chess (LSE: CHSS) and the Algorand Foundation (ALGO) conceptualize a new blockchain-based system that would establish secure, private, and verifiable credentials for global sports organizations, including chess. Grandmaster Evgenij Miroshnichenko contributed to the paper alongside the Algorand Foundation and World Chess.

The move comes as interest in chess hits a new high, driven by popular television series on Netflix and the BBC, the 2024 awarding of the youngest-ever world chess champion, and the inclusion of chess for the first time in the Esports World Cup later this year.

If adopted, the system would allow chess players to independently manage their identity and credentials across all chess platforms and organizations with a single decentralized ID, and one login credential for everywhere they play. They could then easily “port” their identity, achievements, records of play, rankings, and rewards across online chess platforms, as well as seamlessly from the digital world to in-person games and tournaments. This provides them with a much easier way to prove their identity, no matter their status or documentation; it would also reduce tournament application times significantly. Chess organizations would then be able to welcome even more players to their competitions, including those who have built their chess career solely online, as well as players who have previously only competed in tournaments held by other organizations.

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Among other benefits, the adoption of a “global chess passport” would make it much easier for organizers and chess clubs and federations alike to onboard and register players, both online and offline.

Another benefit of the proposed system is to safeguard fair play. As chess becomes increasingly integrated into e-sports and online competitions, the use of AI programs or player fraud (one player representing another) is an increasing concern. Being able to confirm player integrity (including whether they have been banned for cheating on any other platform) ensures credibility of chess contests and competitions. These verifiable credentials also preserve player privacy. They can be used to confirm player eligibility and relevant identity data without providing access to sensitive documentation, such as passports. Finally, identity verification also prevents fraud in tournament payouts. Phishing and other attempts to steal winnings are on the rise; this ensures only the rightful winner can access their prize funds.

“I think that chess needs its version of the global e-version of drivers license. It’s a global game, and using blockchain for the benefit of having one universal independently verifiable ID is something that both players and organizers will certainly benefit from,” says Ilya Merenzon, CEO of World Chess.

“This initiative is not just about chess; it’s about the future of fair play and verifiable achievement across all sports and esports,” said Bruno Martins, principal architect at the Algorand Foundation and co-author of the whitepaper. “Chess has a rich history of proving the usefulness of new technologies. In this case, World Chess is showing the integrity, privacy, and portability of records in any competitive arena is not only possible – it’s in the best interest of every player, everywhere.”

Statista estimates that the market for esports should reach $4.8 billion in 2025, with nearly 900 million players by 2029 (source), all of which could benefit from better cross-platform registration for online and in-person competitions.

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The full whitepaper and more information about the proposed open-source system can be found here. Chess platforms, esports organizations and other parties interested in contributing to the project can get involved by contacting [email protected].

The post World Chess and the Algorand Foundation propose leveling the playing field with a “chess passport” appeared first on News, Events, Advertising Options.

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Blockchain

Blaqclouds Board Approves 30-Day Revenue Acceleration and Ecosystem Monetization Plan

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Blockchain

Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker

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Welcome to Blocks & Headlines, your daily op-ed–style briefing on the most significant developments in blockchain technology and the cryptocurrency industry. Today’s dispatch spotlights landmark privacy guidelines from the European Data Protection Board, Malaysia’s engagement with Binance’s founder to turbocharge digital finance, a groundbreaking blockchain reconstruction solution from MicroCloud Hologram, the impending launch of Nile Coin on Solana by Hyperscale Data’s subsidiary BitNile.com, and Trua’s AI-driven TruaBroker compliance platform. These stories underscore how regulation, infrastructure innovation, token launches, and compliance automation are shaping Web3’s next chapter.


1. EU’s Privacy Guardrails: EDPB Proposes Blockchain Data Access Guidelines

Source: Decrypt

The European Data Protection Board (EDPB) has published draft guidelines aimed at reconciling blockchain’s immutable architecture with GDPR’s privacy mandates. Key directives include avoiding on-chain storage of personal data when it conflicts with Data Protection by Design and by Default, conducting Data Protection Impact Assessments (DPIAs) for high-risk processing, and implementing organizational and technical measures to limit default data access to an “indefinite number of persons” Decrypt.

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Op-Ed Insight:These guidelines mark a pivotal moment. By mandating privacy-by-design and off-chain anchoring of sensitive information, the EDPB effectively pressures projects to adopt hybrid architectures—where on-chain transparency coexists with off-chain confidentiality. While defenders of pure decentralization decry potential censorship, privacy advocates hail these guardrails as essential to prevent authoritarian misuse of immutable ledgers. Ultimately, projects that bake data protection into their smart contracts and storage layers will secure both regulatory compliance and user trust.


2. Malaysia Taps Binance’s CZ for a Blockchain Finance Overhaul

Source: Bitcoin News

Malaysian Prime Minister Anwar Ibrahim has initiated high-level discussions with Changpeng Zhao (CZ), Binance’s founder and former CEO, to position Malaysia as Southeast Asia’s preeminent hub for tokenization and digital finance. The dialogue focuses on leveraging blockchain to modernize capital markets, streamline cross-border payments, and foster regulatory sandboxes that attract global Web3 startups Beamstart.

Op-Ed Insight: Engaging CZ signals Malaysia’s ambition to leapfrog legacy financial architectures by importing Binance’s exchange expertise and compliance playbooks. Yet success hinges on crafting balanced regulations that encourage innovation without compromising investor protection. If Malaysia can marry CZ’s technical insights with proactive oversight—such as clear licensing pathways for decentralized exchanges—it could catalyze a shift in regional capital flows from traditional finance hubs like Singapore to Kuala Lumpur.


3. MicroCloud Hologram’s VSS-Powered Blockchain Reconstruction Solution

Source: PR Newswire

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MicroCloud Hologram Inc. (NASDAQ: HOLO) unveiled an innovative blockchain reconstruction solution that employs Verifiable Secret Sharing (VSS) technology to split and distribute private key shares across distributed nodes. Four core components—VSS-based key sharding, redundant node storage, dynamic participant verification, and incentive-driven reward/penalty mechanisms—enable rapid, trustless restoration of blockchain data integrity following attacks or node failures PR Newswire.

Op-Ed Insight: As DeFi and on-chain finance proliferate, uninterrupted availability and data consistency have become paramount. MicroCloud’s VSS approach transforms reconstruction from a centralized recovery process into a decentralized protocol, minimizing reliance on any single custodian. This paradigm could redefine disaster-recovery benchmarks: imagine an exploited smart contract whose state is instantly rebuilt through pre-sharded secrets, preserving transactional continuity without manual key escrow.


4. BitNile.com to Launch Nile Coin on Solana Blockchain

Source: GlobeNewswire

Hyperscale Data, Inc. (NYSE American: GPUS) announced that its social gaming subsidiary BitNile.com will launch Nile Coin on Solana on May 1, 2025. Solana’s high throughput and low fees position it as an optimal platform for BitNile’s gaming ecosystems, where Nile Coin will fuel in-game economies, reward completions, and facilitate peer-to-peer transactions. Further details on tokenomics and utility are expected in the coming weeks GlobeNewswire.

Op-Ed Insight: While new token launches are ubiquitous, Nile Coin’s Solana-native design leverages one of the fastest blockchains for scalable micro-transactions—a critical requirement for social gaming. Success will depend on robust token utility, partnership integrations, and community incentives. If BitNile.com can embed Nile Coin across multiple entertainment verticals (e-sports, virtual concerts, NFTs), it could ignite a network-effect flywheel, bolstering both user engagement and on-chain liquidity.

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5. TruaBroker: Automating Compliance with AI-Powered Trust Credentials

Source: PR Newswire (via Benzinga)

Trua, a leader in digital trust credentials, launched TruaBroker™, a cloud-based platform that automates compliance for broker-dealers and Registered Investment Advisors. Built on Trua’s patented Continuous Evaluation engine, TruaBroker delivers real-time monitoring of FINRA, SEC, and NFA records; identity verification; and continuous credential checks—all without IT integration. Its AI algorithms flag licensing gaps, disciplinary histories, and civil actions, enabling firms to maintain audit readiness and mitigate risk proactively Benzinga.

Op-Ed Insight: In an era when on-chain transactions intersect with regulated financial activities, seamless compliance is non-negotiable. TruaBroker’s model—issuing reusable, verifiable digital credentials anchored by blockchain—offers a blueprint for how KYC/AML processes can evolve into dynamic, trustless workflows. As DeFi platforms eye tokenized securities and on-ramps, integrating similar continuous-evaluation mechanics could become a competitive differentiator, blending self-sovereign identity with regulatory assurance.


Conclusion
Today’s headlines illustrate blockchain’s multifaceted evolution: from regulatory frameworks enforcing privacy and consumer rights, to infrastructure innovations that ensure resilience; from national strategies enlisting industry titans to drive tokenization, to platform launches forging new digital economies; and from compliance automation transforming institutional trust to AI-powered credentialing.

As the space matures, successful projects will be those that:

  1. Embed privacy and compliance by design—aligning with GDPR and global regulations.

  2. Invest in self-healing architectures—leveraging cryptographic primitives like VSS.

  3. Cultivate vibrant token ecosystems—anchored on high-performance chains.

  4. Adopt continuous, AI-driven governance—bridging the gap between Web3 innovation and traditional financial oversight.

Stay tuned to Blocks & Headlines for incisive commentary and daily updates on the blockchain stories that shape tomorrow’s decentralized future.

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The post Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker appeared first on News, Events, Advertising Options.

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