Blockchain
LBank Exchange Will List Pieme (PIE) on May 12, 2022
Internet City, Dubai–(Newsfile Corp. – May 12, 2022) – LBank Exchange, a global digital asset trading platform, will list Pieme (PIE) on May 12, 2022. For all users of LBank Exchange, the PIE/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on May 12, 2022.
Figure 1: LBank Exchange Will List Pieme (PIE) on May 12, 2022
Utilizing the power of blockchain and crypto, Pieme (PIE) enables people to turn their home into part-time restaurants or event venues, while supporting payment using PIE token and fiat currency. Its native token PIE will be listed on LBank Exchange at 16:00 (UTC+8) on May 12, 2022, to further expand its global reach and help it achieve its vision.
Introducing Pieme
Pieme is a platform that allows people to turn their homes into part-time restaurants or event venues. The platform helps people share news, thoughts and experiences through text or media, and to chat with friends and loved ones in both private and group conversations. It’s a unique platform based on recommendations from chefs, event organizers and the public with inspiration from apps like Uber that let people use their cars as part-time taxis or Airbnb that gives people a platform to turn their homes into part-time guest houses.
To use Pieme, users can simply open Pieme app, navigate to the guest section, select meals, all available meals near the user will be displayed. Users can search by price, distance, food category and food popularity, all these filters are available to make their search more accessible.
With Pieme, people can connect through their shared love for authentic, home-cooked local dishes.
About PIE Token
The PIE Token is the exclusive payment option on Pieme used by users to order for meals, book event tickets and pay for advertising fees at a discount. PIE Token enables users on Pieme to enjoy discounts, low transaction fees, privacy, security and rewards while transacting on the platform.
Based on BEP-20, PIE has a total supply of 100 million (i.e. 100,000,000) tokens, of which 12.5% is provided for seed, 15.5% is provided for private sale, 1% is provided for public sale, another 1% is provided for liquidity, 10% is provided for liquidity mining, another 10% is provided for platform rewards, 15% is provided for partnership, 10% will be used for marketing, another 10% is reserved, 6% is allocated to advisors, and the rest 9% is allocated to the team.
PIE token will be listed on LBank Exchange at 16:00 (UTC+8) on May 12, 2022, investors who are interested in Pieme investment can easily buy and sell PIE token on LBank Exchange by then.
Learn More about PIE Token:
Official Website: https://pieme.io
Telegram: https://t.me/piemeofficialgroup
Twitter: https://twitter.com/Pieme_io
Medium: https://medium.com/@Pieme_io
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
Start Trading Now: lbank.info
Community & Social Media:
l Telegram
l Twitter
l Facebook
l LinkedIn
l Instagram
l YouTube
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
[email protected]
PR Contact:
ZEXPRWIRE
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123855
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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