Blockchain
Floki Inu or Shiba Inu? Community Says Bitrise Coin Has Better Options
New York, New York–(Newsfile Corp. – November 2, 2021) – Both Floki Inu and Shiba Inu are some of the most explosive crypto coins in 2021. They have both increased in value by more than 5 million, making them some of the most sought-after coins today. So far, there are many Floki Inu and Shiba Inu coin investors making millions of dollars in profits.
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Bitrise Coin is one of the coins giving Floki Inu and Shiba Inu tough competition today. As of writing, Bitrise token has just hit +19,441.17% value increment and has already broken a $150 million market cap barrier.
The Crypto community says the coin is the next big thing in the crypto market. This can be shown from various indicators, including trending on the CoinMarketCap. The number of people joining Bitrise every day, even from the Floki Inu and Shiba Inu communities, is in the thousands.
There are several reasons why Bitrise Coin could be a better option for Floki Inu, Shiba Inu and other hot tokens today. They include innovative tokenomics, and project’s utility products, among others. On tokenomics, Bitrise Coin has a superior approach compared to Floki Inu, Shiba Inu and other competing tokens.
Token in the liquidity pool (43% of quadrillion tokens in supply) will be reduced and burnt regularly to increase the token quantity. Buyback and burning of tokens is where Bitrise coin becomes a tougher competitor to Floki Inu, Shiba In and other tokens. The entire process is automated. Bitrise is the first cryptocurrency to include automatic Buyback with a real use case of payment systems.
The network charges a 12% fee on transactions, and 5% of this fee goes to the Buyback contract, which buys tokens from the liquidity and burns them. All the buyback tokens, according to the Bitrise whitepaper, are burned. Floki Inu and Shiba Inu both have buyback systems, but the burning of tokens in liquidity is not as elaborate or automated.
Automated Buyback and burning of tokens remove price manipulation. This is one thing giving investors confidence in the Bitrise coin. With manual burning, as it is with Floki Inu and Shiba Inu, coin prices can be manipulated.
The Bitrise crypto project has superior utility products than Floki Inu and Shiba Inu. The project has the Bitrise Audits, Bitrise dApp wallet, and Bitrise Exchange as the main utility products. Bitrise Audits was released in August and has been a game-changer in audits. There are many using the platform already.
Bitrise dApp wallet is one of the safest and secure wallets in the market today. It makes use of mnemonic phrases, security access keys, passwords, and authentication to keep the users digital assets safe. The wallet combines an intuitive interface, safety and security with powerful functionality.
The wallet also supports multiple blockchains, which allows users to trade thousands of tokens, including BEP20/ERC20 tokens without using Uniswap or Pancakeswap. Users can check prices and surf charts without leaving this wallet.
The wallet also supports p2p transactions and charges zero on all local currency transactions. It’s a powerful wallet that threatens to kill Trustwallet, Metamask and other established wallets. It is available for iOS and Android mobile devices. Check out its Beta 2 version on Google Play Store and Apple App Store.
Bitrise exchange will be the most trusted centralised cryptocurrency exchange due to its highly secure verification system. It will host thousands of tokens, charge lower transaction fees and will be super-fast. It is still under development and coming soon.
These are many reasons why picking Bitrise Coin over Floki Inu and Shiba Inu would be the best decision an investor can make today. Bitrise is a coin that does not need hype because its tokenomics and utility products make it a very competitive coin. It is one of the DeFi projects to watch this season.
The Bitrise team will be launching the revenue sharing staking program, which is a big milestone. As expected, this will come with an increase in token value now that the staking of $BRISE will be realised. It is a highly potent coin, and serious crypto investors should keep an eye on it!
Media Contact
John K
Email: [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/101703
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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