Bitcoin Industry

2023-11-20 13:59:10 Islamic Coin is now expecting new listings on other exchanges after its official launch on KuCoin!

$ISLM is now successfully listed on KuCoin, but the team also announced that KuCoin is only a kickstarter and soon there will be listings on other top-tier exchangers, which will bring new liquidity to the coin.

Islamic Coin developers suggest that the potential audience of the token is over 2 billion people and if only 3% or 4% of this audience holds ISLM token, the capitalization will be comparable to BTC. And the project already has the biggest Twitter account among crypto Muslim community with 1.3M followers.

Islamic Coin recently won «Best Blockchain Infrastructure of the Year» at TahawulTech’s Future Enterprise Awards 2023. Also partnerships with Sushi and Pyypl will empower Islamic Coin's global community with benefits like liquidity provision, staking assets and earning tokens during the liquidity mining phase.

Even before the listing Islamic Coin has already secured $400M from private investments and from ABO Digital. Join Islamic Coin Official Telegram Channel not to miss any community rewards announcement and other on-chain activities. Visit KuCoin to trade and deposit ISLM. Open / Comment

2023-11-17 16:30:04 Grow: The First Real Passive Income Project In Defi

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2023-11-17 15:00:01 Asia-based Crypto Exchange XREX Secures In-Principle Approval for Major Payment Institution License in Singapore

On November 16, XREX, an Asia-based cryptocurrency exchange specializing in cross-border payments, achieved a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This license will empower XREX to provide digital payment token products and services in Singapore, solidifying its position as a compliant and regulated player in the digital asset space.

The Monetary Authority of Singapore (MAS) plays a crucial role in creating a progressive and robust regulatory framework, providing clarity and confidence for users engaging with digital assets and stablecoins in Singapore. XREX’s approval reflects its dedication to adhering to the highest regulatory standards and positions it among the approved digital asset entities by both Singaporean and Taiwanese regulators.

Operating under MAS’s regulation of digital payment token service providers, a DPTSP (Digital Payment Token Service Provider) is required to hold an MPI license to offer digital payment token services. XREX now joins an esteemed group of approved entities in Singapore, including major players such as Coinbase, DBS Vickers, Circle, Paxos, Ripple, and Revolut.

Christopher Chye, CEO of XREX Singapore, expressed appreciation for MAS through regulatory scrutiny, emphasizing Singapore’s commitment to attracting responsible actors in the digital asset industry. XREX Singapore plans to introduce cost-effective, secure, and fast domestic and cross-border payments for businesses in Singapore and emerging markets.

“This is great for Singapore and great for our industry as a whole. XREX is looking forward to introducing cheaper, safer, and faster domestic and cross-border payments for Singapore and emerging market businesses.” Open / Comment

2023-11-16 21:00:04 Epic $500,000 Wall Street Memes Uniswap Giveaway!

Connect on Uniswap link and trade!: https://bit.ly/wsmcamps

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Winners Announced: [11/25/2023]

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2023-11-15 20:30:00 WOW!!! Crypto exchange WhiteBIT is 5 years old! Congratulations!!!!

In honor of this anniversary, they launched unreal activities.
You can read everything here: https://bit.ly/47ugUgf

The main thing is to take part in time, because the number of gifts is limited.

In a nutshell:
- Activity "5 steps to a successful start": for beginners. It's simple: register, go through KYC, make a deposit of at least $10, buy WBT with it, subscribe to the exchange's resources, and that's it! 2000 participants will share a pool of 5000 WBT
- A festive referral program where referrals are guaranteed to receive $1 each, and the invitee receives depending on the number of invited referrals.
- And trading tournaments for both beginners and old-timers. Terms and conditions here: https://bit.ly/47ugUgf Open / Comment

2023-11-14 15:01:42 Polygon Network Records Robust User Activity Amid Broader Crypto Market Weakness in Q3 2023

In a recent report by the blockchain data analytics platform Nansen, the Polygon network showcased remarkable resilience and robust user activity during the third quarter of 2023, defying the broader weakness observed in the crypto markets. The report emphasizes Polygon’s sustained growth trajectory, characterized by diverse collaborations, and anticipates further positive impact with the introduction of Polygon 2.0.

During Q3 2023, Polygon Network experienced a dynamic transactional landscape, with daily transactions peaking at 2.8 million and reaching a low of 1.9 million. This fluctuation suggests a resilient network. Also, the user base demonstrated remarkable stability, with daily active addresses consistently ranging between 275,000 and 466,000, indicating Polygon’s success in retaining a robust and engaged user community.

In terms of Polygon’s competitive edge in providing cost-effective transactions, the peak average daily gas fee for Polygon transactions was $0.05, maintaining a range of $0.01 to $0.05 throughout the quarter. In contrast, Ethereum’s fees displayed higher fluctuations, ranging between $1.95 and $15.

With Polygon known to be a diverse and active ecosystem, Chainlink led with 47.08 million transactions, followed by Galxe with 8.29 million and Planet IX with 7.52 million transactions. Contributions from notable participants such as Stargate, LayerZero, Tether, and USDC further enriched the network’s vibrancy. Open / Comment

2023-11-11 15:01:41 Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner

The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers.

Judge Martin Glenn confirmed the company’s plan to compensate its creditors using a mix of digital assets and shares in the new Bitcoin mining operation, which will be publicly traded. According to Celsius’s legal team, asset distribution could commence early next year, providing long-awaited relief for affected customers whose accounts have been frozen for over a year.

Though Celsius Network filed for Chapter 11 bankruptcy protection in 2022. The bankruptcy file it submitted to the court revealed that the company held $4.3 billion in assets against $5.5 in liabilities, amounting to around $1.2 billion in deficits. The majority of the $5.5 liabilities consisted of the $4.72 billion worth of user deposits.

Meanwhile, Celsius has been seeking a way out to restructure and compensate the customers. Upon the filing of Chapter 11, the company made a statement that it may repay the customers by the mining equipment it possessed at the time. Celsius’s mining operation, Celsius Mining LLC, could “over time” generate enough assets to repay some loans. The mining branch owned 80,850 mining rigs, out of which 43,632 were “in operation.” Open / Comment

2023-11-08 18:59:09 Not a week goes by without interesting news about the Sundae project.

After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:

"Ice cream is one of the great joys of life."

It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.

We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.

So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?

The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.

The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.

The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."

One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!" Open / Comment

2023-11-08 15:01:44 Ripple Collaborates to Power Payments Corridors Between Africa and Rest of the World

Crypto payments giant Ripple has partnered with fintech Onafriq for cross-border payments between Africa and the rest of the world.

The deal would facilitate crypto-enabled cross-border payments between 27 African countries and markets including the UK, Australia, and the Gulf. Per the company press release, Onafriq utilizes Ripple’s blockchain payments technology to establish three new payment corridors.

Onafriq would establish alliances with customers of PayAngel in the U.K., Pyypl in the Gulf Cooperation Council (GCC), and Zazi Transfer in Australia. The company made the announcement on Wednesday at Swell, Ripple’s annual conference, in Dubai.

Dare Okoudjou, CEO at Onafriq, noted that the company aims to “make borders matter less” in terms of payments.

“These connections enable fast, secure and low-cost remittances at scale between Africa and the rest of the world. It represents a bold step for our crypto-strategy to leverage blockchain to amplify our impact on people and businesses.”

Onafriq is a leading mobile payments fintech in Africa, recently rebranded from MFS Africa. The rebranding mirrors Onafriq’s evolution to expand its services beyond mobile finance to become a versatile omnichannel platform, it noted. Open / Comment

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