Blockchain
Infinitx: an XRP Rewards-Rebase Token on the BSC Network
Cape Coral, Florida–(Newsfile Corp. – November 1, 2021) – The team behind the Infinitx team has devised the perfect solution for sustainability with tokenomics itself. The rebase mechanism in the smart contract will allow a steadier floor with constant upward pressure. Holders receive automatic XRP rewards redistributed to them. The greater the amount of infinitx tokens you hold, the greater your rewards will be. The long-term benefit of holding this token is through the aspirations of the team to develop a true gaming ecosystem on the BSC.
Figure 2: Infinitx: An XRP Rewards-Rebase token on the BSC network
Infinitx: The journey so far…
For a project that is still in its infancy, the Infinitx team has already accomplished so much, with a steadily rising market cap of $3 mil, with a staggering holder count, a vast amount of XRP rewarded to holders, not only that, but the multiple developments and updates on the way, $INX holders are very happy and continue to hold and accumulate.
The Reward and Rebase system of the $INX token offers perfect symbiosis where the functions coincide to cause exponential growth and much higher floors along the way. The core focus of the Infinitx team is to provide stability to their investors. Once the games go live and people can see the quality of games this team will produce, then there will be a lot more volume generated into $INX.
The team is very dedicated to rolling out their games as efficiently as possible so their investors can better understand the hard work that hasn’t been put on display over the last few months in building up his project. For holders of $INX, the XRP rewards offer plenty of upsides as many crypto investors predict an upward trajectory for XRP.
The Infinitx team is very hopeful that they can set their trend and become a household name in the BSC space. The team is dedicated, motivated, and has the aptitude to make this dream a reality and with so many things already achieved so early, it’s hard to imagine that $INX won’t continue this upward trend.
Website: https://infinitx.io/
Telegram: https://t.me/infinitx_token
Twitter: https://twitter.com/infinitX_bsc
Media Contact:
Infinitx
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101588
Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
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