Blockchain
Cardano Community Members Join Bitrise coin
New York, New York–(Newsfile Corp. – November 13, 2021) – The Cardano community joins Bitrise. Cardano is a blockchain platform that provides unmatched security and sustainability to decentralized applications, and systems. The Cardano team says that the Cardano platform is the first peer-review researched blockchain platform. Cardano promises to provide the most secure blockchain platform.
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Recently, Cardano has been receiving tough competition from new coins. Though Cardano has been around since October 2017. Among the new entrants competing with Cardano is Bitrise, a coin that is the fastest growing crypto in the market today. Launched on 28th July, Bitrise coin is now competing with Cardano.
Recently, Cardano community members have been joining Bitrise coin. This is where the competition between Cardano and Bitrise is most at. Bitrise has been accomplishing things Cardano took a while. With just 4 months since the token launch, Bitrise has done more than Cardano did in the same period.
Every crypto user looks for the next big opportunity, and Cardano members are no exception. The Bitrise team says they have a good product that is appealing to Cardano community members. Just like Cardano, the team is developing a blockchain-based platform, which is a DeFi protocol.
DeFi projects are the biggest things in the market today, and Cardano users find Bitrise a perfect opportunity. According to the team, Bitrise’s decentralised finance system is attractive, which is why Cardano users are joining it. It will be the biggest thing in DeFi when completed, and Cardano members know it.
Tokenomics
One factor attracting Cardano community members is the rewards Bitrise platform offers. Bitrise says it has more rewarding tokenomics than Cardano. Bitrise’s innovative tokenomics is one of the reasons Cardano members are joining. First, Bitrise is a hyper-deflationary token. Therefore, Cardano users are assured of its diminishing volumes in the pool. The token increases in value due to high demand.
Bitrise has been distributing 4% of the 12% tax charged token sale transactions to token holders, including Cardano community members. All Cardano members in Bitrise will get BNBs in their wallets for just holding $BRISE.
The team is planning to launch staking by the end of November 2021, and the move has attracted Cardano members. The 80%APY revenue share is also attracting many crypto members. Cardano staking platform is yet to be launched.
As a Defi project, Bitrise is releasing multiple products for its network users. Cardano blockchain will also have products in its ecosystem. But the Cardano team has not been as fast as Bitrise. Already, Bitrise has Bitrise Audits, Techrate Audit and Bitrise dApp wallet
The team is also positive that more Cardano members will join after a successful staking process. The number of Cardano members joining has also been rising fast, according to the Bitrise team.
Bitrise platform is developing more decentralised products that will make it more appealing to Cardano and other crypto community members. The team has confirmed the development of the exchange, which will bring more Cardano community members.
Just like Cardano, Bitrise will be launching a blockchain program. So unlike Cardano, Bitrise blockchain will also host the Bitrise DeFi protocol. This will increase revenues and the passive income for Cardano and other crypto members joining the coin.
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/103430
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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