Blockchain
Safemoon & Evegrow Competitor, Bitrise Crypto Coin, Launches More Products in November
New York, New York–(Newsfile Corp. – November 8, 2021) – Safemoon and Evegrow competitor Bitrise launched more products in November; since the launch at the end of July, Bitrise coin has performed exemplary well, especially on delivering its roadmap. November is the month that the Bitrise crypto coin is projected to create a dominant effect in the market with the release of more products. It is the month this coin will up its competitiveness against Safemoon, Evegrow, and other competing crypto coins.
Bitrise
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Already, the Bitrise team has released several products, as per the roadmap, and they are all doing very well in the market. The first product was the audit programs released in August, a few weeks after the crypto coin was launched. Bitrise Audits and Techrate Audit are the two programs under this product, and they both offer free audit programs for blockchains and smart contracts. They have been a game-changer in the audits, with hundreds of developers relying on them to test their products’ security integrity, among other features.
The team then launched the much-awaited mobile app wallet, the Bitrise dApp wallets, at the end of October. This is a one-of-a-kind wallet based on the features it is developed with. The wallet comes with an intuitive GUI and offers powerful functionality. Users can do a lot with this wallet, including sending, receiving, and lending money.
The wallet enables P2P transactions with the local currency transfers attracting zero fees. Users can also add BEP20/ERC20 custom crypto coins. Users can also check prices, surf charts, and play games in this wallet. The Beta 2 version of the Bitrise dApp wallet is available on Google Play Store for Android phones. For iOS phone users, the mobile app wallet will list soon on the Apple App Store.
November brings a new set of products that will greatly influence the value of the Bitrise crypto coin. The staking products are what the team is planning to launch this month. First is the Bitrise revenue sharing staking program.
The revenue sharing staking program has provided information on how revenues generated from Bitrise Audits, Bitrise dApp wallets, Techrate Audit, Bitrise exchange, and IBitrise blockchain will be shared. An 80% APY of the products’ revenues will be shared between staked Bitrise tokens.
The program will be sending the shared revenues direct to the crypto coin into the token holder wallet. It is a very efficient process, and the amount shared will be dependent on the amount of crypto coins staked. The more crypto coins staked, the more money users can make.
The team will immediately launch the staking process after the revenue sharing staking program is up and running. It is one of the much-awaited products and could be the reason for the influx of new members joining Bitrise crypto coin.
In the future, the Bitrise team is planning to launch the Bitrise exchange, which is a centralised exchange. It is expected to be a game-changer in the exchange platforms with its centralised features. Among the latest products is the IBitrise blockchain, the team said they are doing extensive research on the Relaychain and Parachains. Bitrise is a crypto project to watch!
Media Contact:
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102448
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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