Blockchain
LBank Weekly Listing Report, 5th September 2022
Internet City, Dubai–(Newsfile Corp. – September 8, 2022) – As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities.
New Listings on LBank Exchange
Scheduled this week starting on 5th September.
For a more complete list please follow our twitter @LBank_Exchange
Project: MTB
Listing date: 5th September
Key words: DeFi, Initial listing, BSC
Official Website: http://metabridgepaper.com/
About:
The ‘META BRIDGE Platform’ is a project for the popularization of domestic golf and the development of the global golf leisure industry. By using Web 3.0-based block chain technology, the service area of the golf market that had been de-popularized was integrated into one, so that users participating in the ecosystem can be diverse. We aim to create a smart and accessible golf ecosystem where golf services can be used conveniently and transparently, and to solve widespread problems in the established golf industry through decentralized and transparent blockchain technology.
Project: VNES
Listing date: 5th September
Key words: Metaverse, Listed on P2PB2B, BSC
Official Website: https://vanesse.io/
About:
The Vanesse project is the first token for holders to participate in real estate, automobiles, and luxury auctions with VNES tokens. VNES Token plans to introduce digital innovation technology into the auction market to build an integrated blockchain auction platform ecosystem and build a system that allows users to participate in auctions of various products anytime, anywhere conveniently and safely.
Project: STD
Listing date: 5th September
Key words: Others, Listed on P2PB2B, ERC20
Official Website: https://steedtoken.net/
About:
STEED is a community-driven project which aims to build an efficient circular ecosystem that brings all horse lovers in a new innovative way.
Project: MTRM
Listing date: 5th September
Key words: GameFI, Listed on MEXC、uniswap, ERC20
Official Website: https://mirandus.game/
About:
Mirandus is a fantasy world powered by blockchain technology, allowing players to truly create their own content.
Project: COC
Listing date: 7th September
Key words: Others, listed on pancake, BSC
Official Website: https://www.coinofchampions.com/
About:
COC is the first Token supported by past and present athletes that has multiple purposes and objectives. We allocate the COC to various international and national non-profit organizations which will be formalized over time. We bring less fortunate young people closer to sport by gathering and upgrading sports centers.
Project: MFI
Listing date: 7th September
Key words: Others, Listed on Pancake, BSC
Official Website: https://metfi.io
About:
Earn up to 1000% fixed and sustainable APY per year. MetFi is the world’s 1st DeFi 2.0 collectible NFT ecosystem focused on investing in and incubating Metaverse and Web3 unicorns and aspires to be the world’s #1 Metaverse and Web3 incubator.MetFi sees Metaverse and Web3 projects through a corporate and institutional lens so MetFi incubates projects to that level by introducing them to its community and global network of advisors spanning multiple disciplines and verticals.MetFi owns and controls its own liquidity, giving MetFi DAO enormous flexibility to move swiftly on investment opportunities and adapt to prevailing market conditions.
Project: WINGS
Listing date: 8th September
Key words: Payment token, Initial listing, POLYGON
Official Website: http://web.wings-plat.io/
About:
The WeWing Platform pursues personal mobility-as-a-service (MaaS) and convenient payment methods. WeWing Platform is building MaaS (Mobility as a Service) that leads personal mobility. Starting with the electric scooter service, WeWing is expanding its business areas to electric vehicle charging, call taxis, shared bicycles, and transportation services. By building the platform with our own IT solution, we were able to reduce costs by more than 15 – 20% compared to other competitors. As much as the cost is saved, we want to benefit more users and expand the ecosystem.
Summary of Last Week’s Listings -August 29th to September 4th, 2022
Name: PIM
Weekly gain: 133%
Official Website: http://pimride.net/#0
Trade here: https://www.lbank.info/exchange/pim/usdt/#inno
Name: ORDA
Weekly gain: 300%
Official Website: https://ordaintro.com/
Trade here: https://www.lbank.info/exchange/orda/usdt/#inno
Name: DIG
Weekly gain: 930%
Official Website: http://diegofound.net/
Trade here: https://www.lbank.info/exchange/dig/usdt/#inno
Name: NUGEN
Official Website: https://www.nugencoin.com/
Trade here: https://www.lbank.info/exchange/nugen/usdt/#inno
Name: BDCC
Official Website: https://www.thebitica.com/
Trade here: https://www.lbank.info/exchange/bdcc/usdt/#inno
Name: BONE
Weekly gain: 138%
Official Website: https://www.shibatoken.com/
Trade here: https://www.lbank.info/exchange/bone/usdt/#inno
Name: UNIP
Weekly gain: 23900%
Official Website: https://unipayofficial.com/
Trade here: https://www.lbank.info/exchange/unip/usdt/#inno
Name: NUTSPAY
Weekly gain: 481%
Official Website: https://nuts-pay.com/
Trade here: https://www.lbank.info/exchange/nutspay/usdt/#usd
Name: WOM
Weekly gain: 136%
Official Website: https://www.wombat.exchange/
Trade here: https://www.lbank.info/exchange/wom/usdt/#inno
Name: GYMNET
Weekly gain: 38%
Official Website: https://gymnetwork.io/
Trade here: https://www.lbank.info/exchange/gymnet/usdt/#inno
Name: TOWN
Weekly gain: 35%
Official Website: https://townstar.com/
Trade here: https://www.lbank.info/exchange/town/usdt/#inno
Name: ISLAMI
Official Website: https://islamicoin.finance
Trade here: https://www.lbank.info/exchange/islami/usdt/#inno
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136033
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
The post Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI appeared first on HIPTHER Alerts.
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
The post NYSE gauges interest in 24/7 stock trading like crypto appeared first on HIPTHER Alerts.
Blockchain
Online Banking Market to Grow at CAGR of 14.20% through 2033, Key Takeaways of Digital Banking, Banking Ecosystem, Financial Giants & Disruptive Startups
-
Blockchain Press Releases5 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain5 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain5 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain Press Releases6 days ago
Bybit Institutional Report 2024: Institutions Become Bullish and Eye Challenger Chains, while VC Funding Resurges for Infrastructure, Gaming, and AI
-
Blockchain5 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain Press Releases7 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain5 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain5 days ago
Tether USDT stablecoin goes live on TON blockchain