SEC - Page 148

3474 result(s) found.

President Biden Signs Bill Expanding Surveillance Powers, Sparking Privacy Concerns

/

President Joe Biden has recently signed a significant bill into law, intensifying concerns among critics regarding its implications for American privacy.

This bill reauthorizes and extends Section 702 of the Foreign Intelligence Surveillance Act (FISA), allowing for expanded surveillance capabilities for U.S. government agencies.

The U.S. Senate approved the legislation on April 20 with a 60–34 vote, and the law was enacted the following day.

Supporters, including both President Biden and bipartisan members of Congress, argue that this legislation is crucial for counter-terrorism and national security.

“Allowing FISA to expire would have been dangerous.

“It’s an important part of our national security toolkit and helps law enforcement stop terrorist attacks, drug trafficking, and violent extremism,” emphasized Senate Majority Leader Chuck Schumer.

Conversely, opponents believe that the amendments to FISA mark a significant escalation in government surveillance powers, potentially affecting everyone from businesses to individual citizens.

Elizabeth Goitein, from the Brennan Center for Justice, expressed her disdain on X, stating that the bill “effectively grants the NSA access to the communications equipment of almost any U.S. business, plus huge numbers of organizations and individuals.

READ MORE: Bitcoin’s Fourth Halving Sparks Bullish Outlook Amid ETF Growth and Record Highs

It’s a gift to any president who may wish to spy on political enemies, journalists, ideological opponents.” She added, “This is a shameful moment in the history of the United States Congress.”

Under the newly signed law, agencies like the NSA are now authorized to demand data from internet service providers such as Google and Verizon.

This expansion means that a wider range of companies and individuals providing internet services will be compelled to cooperate with government surveillance efforts.

Despite opposition from both privacy-focused Republicans and Democrats, the bill passed through the House of Representatives on April 13. Efforts to amend the bill to require warrants for all internet-based surveillance were narrowly defeated.

The reauthorization of FISA Section 702 has drawn sharp criticism from figures like NSA whistleblower Edward Snowden, who remarked that America had “lost something important” and called the legislation unconstitutional.

“Senator Ron Wyden also voiced severe concerns, describing it as one of the most “dramatic and terrifying expansions of government surveillance authority in history.”


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

BTCC Exchange Reimagines Renaissance Art with Bitcoin at Paris Blockchain Week

Vilnius, Lithuania, April 23rd, 2024, Chainwire

BTCC Exchange, a leading global cryptocurrency exchange, surprised visitors with its Renaissance-themed booth at Paris Blockchain Week. The event, which took place in the famous Carrousel du Louvre from April 9 to 11, attracted over 9,000 attendees from around the world, reaffirming its position as a pivotal annual summit in the blockchain industry.

As one of the main sponsors of the event, BTCC Exchange hosted a booth that captivated visitors with its vibrant Mona Lisa backdrop and quirky reimagining of famous Renaissance paintings. Visitors were also treated to souvenirs that blended classical art with Bitcoin, showcasing a dynamic fusion of historical and modern elements akin to meme culture.

“The crowd really loved the theme of our booth and souvenirs this year,” said Alex, Head of Operations at BTCC Exchange. “Similar to how art influences future generations with its profound messages and innovative approaches, Bitcoin represents a legacy of challenging traditional financial paradigms and reshaping global economic landscapes. We’ll soon recognize it as a revolutionary concept that pushes the limits of conventional thinking, just like some of these timeless paintings we paid tribute to.”

BTCC’s presence at Paris Blockchain Week also helped tell a story about Bitcoin’s history along with BTCC Exchange’s 13-year legacy.

“As one of the world’s longest-serving crypto exchanges, we also want to show our creative and innovative side,” said Alex. “Mona Lisa, Girl with a Pearl Earring—all these great works of art really outlasted their contemporaries because of their innovation. This story resonates with the brand of BTCC Exchange and our longevity in one of the most competitive sectors of the crypto industry.”

As Bitcoin welcomes its fourth halving this month, BTCC Exchange will also witness a Bitcoin halving for the fourth time as we head into our 13th consecutive year of service.

“Our event in Paris was a great success and we managed to initiate some promising partnerships. We look forward to celebrating BTCC Exchange’s 13th anniversary in June and will have some exciting news to share soon.”

For more information about BTCC Exchange and to join its affiliate program, users can visit BTCC’s website.

About BTCC

Founded in 2011, BTCC is one of the longest continuously operating cryptocurrency exchanges in the world, boasting an impressive zero security incidents record since its inception. The platform caters to both beginners and experienced traders, offering features like copy trading and up to 225x leverage for perpetual futures.

Website: https://www.btcc.com

Twitter: https://twitter.com/BTCCexchange

Contact

Kelfin Yeung
kelfin.yeung@btcc.com

De.Fi Presented its Accelerator & Announced the First Raise on April 29th

Dubai, United Arab Emirates, April 22nd, 2024, Chainwire

◾ The Web3 sector is experiencing significant growth, with promising startups emerging at a rapid pace. De.Fi Accelerator is increasingly becoming an essential platform that assists these ventures in navigating the complex and dynamic landscape of crypto.

De.Fi, a leading Web3 super app for asset management built by security audit experts announced their new token launch platform, called De.Fi Accelerator, which will be launched on 29 April. Designed for a new cycle of web3 product launches, De.Fi Accelerator will be used for IDOs and to provide access to Web3 projects before they are listed on an exchange.

At this moment De.Fi has interviewed over 1,700 projects to select the best deals for its community.

The DEFI token is poised to dominate as the core token for the largest web3 Accelerator product. De.Fi is making significant strides in expanding the De.Fi ecosystem with the launch of the De.Fi Accelerator. 

Users will find that the De.Fi Accelerator is set to emerge as the primary incubator for pioneering Web3 narratives, including:

  • EigenLayer Restakings.
  • BRC20s.
  • Layer-2s.

Here’s how users can benefit from De.Fi Accelerator: By staking DEFI tokens, users can potentially earn up to 40% APR and gain access to exclusive deals offered by De.Fi Accelerator. This enables users to invest early in web3 projects that the De.Fi team has identified as the most promising, becoming part of a select group with exclusive access. De.Fi Accelerator aims to be one of the unique accelerators focusing on raising funds for L1 projects at their early stages. De.fi team expects that numerous web3 unicorns would be incubated at De.Fi Accelerator.

Tiered System Based on Staking: Users need to stake DEFI tokens to accumulate points: these points determine their rank within the De.Fi Accelerator ecosystem. Points are determined by both the amount of DEFI tokens staked and the duration of the staking lock. The higher the user’s rank, the greater the benefits unlocked.

Users are welcome to acquire DEFI tokens through De.Fi Swap or from over 7 leading exchanges and can conveniently stake them on the Staking Platform.

The De.Fi team aims for the De.Fi Accelerator to become the largest accelerator for Solana projects

Solana-based IDOs (Initial DEX Offerings) platforms offering automated launchpad services made its first participants super popular and long-term players in the Solana ecosystem and gave the first investors the desired investment increase and ideal crypto portfolios. 

Backed by a team of experts in crypto security, SocialFi, AI, and software development, De.Fi Accelerator aims to reward DEFI stakers and early-stage crypto believers and bring incredible support to new projects in the most popular areas of the crypto market today (EigenLayer, Restaking & BRC20 projects ) by providing a user-friendly platform and crypto security solution that shows promise in boosting the DeFi industry.

About De.Fi

De.Fi is an all-in-one Web3 Super App and Antivirus featuring an Asset Management Dashboard, Opportunity Explorer, and the world’s first Crypto Antivirus powered by the largest compilation of DeFi hacks and exploits, the Rekt Database. Trusted by 5 Million users globally, De.Fi aims to drive DeFi adoption by making the self-custody transition as simple and secure as possible. Backed by Okx, Huobi, former Coinbase M&A, and used by large companies worldwide, including University College London and Coingecko.

Website | Twitter | De.Fi Security | Rekt Database

Contact

Maria Lyshchuk
De.Fi
marketing@de.fi

Unveiling the KARRAT Protocol: Pioneering the Next Era of Gaming, Entertainment, and AI Innovation, Reshaping Hollywood and Beyond

Camana Bay, Cayman Islands, April 22nd, 2024, Chainwire

The KARRAT Foundation is pleased to announce the launch of the KARRAT Protocol, which supports transformative AI and innovations in gaming and entertainment industries: from real-time animation content for the streaming industry and emerging products for retail, telecom, education and wherever imagination takes the community in the future. 

$KARRAT is the governance token of the KARRAT Protocol. Using $KARRAT, the community will determine how the KARRAT Protocol is integrated into games and products, empowering the community of players and consumers, much more than traditional entertainment titles have.

My Pet Hooligan is the first gaming title to integrate the KARRAT Protocol and $KARRAT

My Pet Hooligan is the first launch title for the KARRAT Protocol. The flagship IP of AMGI Studios. The My Pet Hooligan game features cutting-edge motion capture tech, AI-driven conversational non-playing characters, real-time face-driven animation in the game, and, using the KARRAT Protocol, allows players to embody an NFT in-game. My Pet Hooligan won Best Action Game at the GAM3S.GG awards in December 2023.

$KARRAT empowers community decision-making over the KARRAT Protocol.

Central to the ethos of the KARRAT Protocol is the concept of empowered community decision-making. Traditional gaming and entertainment industries have long operated within closed-off silos, leaving communities without a voice in crucial decisions. KARRAT shatters this paradigm, with cutting-edge, on-chain governance.

With KARRAT Protocol, the community takes center stage, with a governance model that fosters inclusivity, transparency, and active participation powered by $KARRAT.

Airdrop Claim for My Pet Hooligan NFT Holders.

Holders of My Pet Hooligan NFTs are eligible for a $KARRAT claim. Claims can be made on the KARRAT website.

$KARRAT is now available on Coinbase, Gate and KuCoin.

About KARRAT FOUNDATION

The KARRAT Protocol is a decentralized gaming infrastructure layer, supported by $KARRAT and empowered by a truly decentralized community with a shared vision embracing gaming, entertainment and AI products catering for the new era.

About AMGI Studios

AMGI Studios is an independent gaming and animation technology company that lives at the intersection of gaming, animated AI technology and storytelling. The studio develops and produces traditional entertainment IP, and gaming properties through the use of its proprietary technology, AI integration and innovations in real-time animation. With a high-caliber creative team composed of artists and creators from studios such as Pixar, Disney and Industrial Light & Magic (ILM), AMGI Studios aims to be the bridge between Hollywood and the global gaming community. AMGI’s vision is simple — to empower dreamers and doers to make groundbreaking content by merging artistry and technology.

Contact

Director
Matt Shaw
Karrat Foundation
tyler@karratcoin.com

Cryptocurrency Users Settle with Ex-FTX CEO Sam Bankman-Fried in Class-Action Lawsuit

/

In a significant development within the cryptocurrency legal landscape, a group of cryptocurrency users involved in a class-action lawsuit in Florida has reached a tentative settlement with Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX.

This agreement was disclosed in a court filing dated April 19 at the United States District Court for the Southern District of Florida.

The lawsuit, initiated by plaintiffs in November 2022 following FTX’s bankruptcy, implicated several high-profile endorsers of the exchange.

It was consolidated in June 2023, bringing a more structured approach to the multifaceted legal challenges surrounding FTX’s collapse.

The plaintiffs are represented by the Moskowitz Law Firm, known for tackling complex crypto-related lawsuits.

According to the recent court filing, the plaintiffs decided to settle with Bankman-Fried, recognizing the potential costs and lengthy process involved in continuing their lawsuit against him.

Instead, they aim to leverage his insights and the information disclosed during his criminal trial to strengthen their case against other defendants in the ongoing multidistrict litigation (MDL).

The filing details the strategic value of Bankman-Fried’s cooperation: “[Bankman-Fried] has knowledge and other information that Class Representatives and Class Counsel believe will be valuable to Class Representatives’ cases against other defendants in the FTX MDL [multidistrict litigation], particularly relating to the underlying actions and their connection to Miami, Florida, where FTX’s U.S. headquarters were based, as well as each MDL Defendants’ knowledge of and assistance with the actions and connections to other states in which jurisdictions over those Defendants is asserted.”

READ MORE: Laughing Shiba Inu (LSHIB) to Rally 11,000% After ByBit Listing Announced, While DOGE and WIF Struggle

The proposed settlement was put forward on March 28, coinciding with Bankman-Fried’s 25-year prison sentence following his felony conviction.

This settlement needs judicial approval to finalize the resolution of the dispute between the cryptocurrency users and Bankman-Fried, effectively focusing the plaintiffs’ efforts on other involved parties.

Bankman-Fried has been advised to assist the plaintiffs in prosecuting other FTX promoters by providing documents and testimony from his trial.

The lawsuit highlights the involvement of celebrities and sports figures such as Naomi Osaka, Tom Brady, Stephen Curry, and Shaquille O’Neal, who endorsed FTX before its financial turmoil.

In a related move, Bankman-Fried’s attorneys filed an appeal on April 11 against his conviction and sentence, requesting that he remains at the Metropolitan Detention Center in Brooklyn to facilitate his ongoing legal defense, rather than being transferred to a federal prison in the San Francisco Bay Area.

This legal battle continues to draw significant attention, spotlighting the broader implications of celebrity endorsements in cryptocurrency ventures and the pursuit of accountability in the high-stakes world of digital finance.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

As PEPE Leads, DOGE Accelerates, a New Player is Steering Toward Success

The situation in the world of cryptocurrency, particularly with memecoins, has seen a notable correction since the start of this month. This indicates, rather blatantly, that more people are selling their holdings and points to a possible shift from bullish to bearish. Even so, experts predict that the Bitcoin Halving event will likely cause great price instability and could result in a bullish trend turning point. Such a setting might be considered as an excellent time for those who engage in trading on markets to succeed.

Ride The Wave of Innovation with ScapesMania

The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype. 

$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.

Just let the numbers speak for themselves: 

  • Holder count: 18.41K 
  • 24-hour trading volume: $2.25M
  • Over 2,535 buys and 1,651 sells

ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut. 

This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.

The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity. 

Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, ScapesMania incentivizes community members through its staking program, rewarding commitment with extra tokens. Third, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.

With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.

Additional upsides that may be among the biggest deciding factors are:

  • The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
  • Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
  • Experienced team.  Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
  • Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.

Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.

Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.

>>> Get $MANIA Now <<<

Pepe (PEPE): A Meme Coin on the Rise

Pepe (PEPE) has recently been the focus of significant attention from both whales and retail investors. These major stakeholders have accelerated their acquisitions, indicating a strong belief in the coin’s potential.  The price is currently navigating through a descending wedge pattern. This formation is typically associated with a forthcoming bullish reversal, suggesting that a breakout might be imminent.

Dogecoin (DOGE): Poised for Potential Breakthroughs

Dogecoin (DOGE) is currently in a pivotal phase, with on-chain data indicating the absorption of a significant sell wall consisting of billions of tokens. This process might clear the path for Dogecoin (DOGE) to approach or even surpass its all-time high. The community’s sentiment and broader market dynamics will play crucial roles in determining whether Dogecoin (DOGE) can achieve these new milestones.

Conclusion

The changing nature of the crypto market has had a clear effect on the paths of Pepe (PEPE) and Dogecoin (DOGE), each following its own path amidst the overall instability. There is a good chance that Pepe (PEPE) will go up a lot because there is a lot of interest from whales and the price is moving in a strong way. Dogecoin (DOGE), on the other hand, might hit all-time highs again because it has been able to absorb a big sell wall.

Ethereum (ETH) Enjoys Uptick from Hong Kong ETF Reports, ScapesMania (MANIA) Sees Community Intrest Spike

Encouraging news that cryptocurrency exchange-traded funds (ETFs) will be allowed in Hong Kong has made Ethereum (ETH) and Bitcoin (BTC) spot ETFs even more popular. Victory Securities, a company based in Hong Kong, has finally revealed how they charge fees for the above-mentioned funds. 

They say that they charge between 0.5% and 1% for deals in the main market and lower fees for trades made online in secondary markets. Victory Securities’ move shows that they think a lot of investors will be very interested in Ethereum (ETH) when new investment tools will be made available in the special administrative region of the PRC. This could make Ethereum (ETH) even more visible and actively traded in the upcoming weeks.

Ride The Wave of Innovation with ScapesMania

The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype. 

$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.

Just let the numbers speak for themselves: 

  • Holder count: 18.41K 
  • 24-hour trading volume: $2.25M
  • Over 2,535 buys and 1,651 sells

ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut. 

This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.

The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity. 

Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, ScapesMania incentivizes community members through its staking program, rewarding commitment with extra tokens. Third, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.

With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.

Additional upsides that may be among the biggest deciding factors are:

  • The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
  • Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
  • Experienced team.  Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
  • Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.

Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.

Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.

>>> Get $MANIA Now <<<

Ethereum (ETH) Price Poised for a Potential Surge Amidst Strong Accumulation Signals

Ethereum (ETH) is currently going through an accumulation phase, which has seen a huge amount of $500 million worth of ETH taken out of platforms. This big drop in exchange amounts usually means that big investors, the so-called “whales,” are showing strong buying interest. They are probably moving their holdings to private wallets to keep for a long time.

As expected, the market has responded positively to this trend. In the past, similar trends have been followed by big price increases. When people switch from platforms to private wallets, the supply on open markets goes down. This creates a shortage, which can cause prices to rise if demand stays the same or rises.

Also, the fact that 320 million USDT (Tether), a world-famous stablecoin, came into the Ethereum market shows that liquidity is growing, which could lead to even bigger price increases later down the line. The move could be a well-planned gambit by investors who think Ethereum (ETH) will go up in value soon, according to analysts.

Different experts have different ideas about how these changes will affect the value of Ethereum (ETH) right away. Some experts are still cautiously hopeful, pointing out that the crypto market is very unpredictable. Others, on the other hand, see this as a clear sign to buy. According to the more optimistically-minded, Ethereum (ETH) could make a lot of money if the current trend keeps going. Ethereum (ETH) may be ready for a big price jump, possibly hitting all of its old high points. 

Conclusion

There is a lot more interest in and market exposure for Ethereum (ETH) right now. This, in part, is because of changes in regulations in Hong Kong. Recently, the region approved cryptocurrency exchange-traded funds (ETFs) for both Bitcoin and Ethereum (ETH). This can really be the start of a new era for business investing in cryptocurrencies. 

Victory Securities, a Hong Kong-based company, has already set its fees for these ETFs in order to take advantage of the growing interest from investors. This event not only shows how Ethereum (ETH) is becoming more integrated into standard financial markets, but it also makes it possible for more investors to put money into Ethereum (ETH). All these developments can cause the coin’s price to grow significantly as a result.

Choosing a Crypto Wallet in 2024: What Variables To Consider

The cryptocurrency market was off to the best start this year following the Spots Bitcoin ETF approval. Also, Bitcoin halving is scheduled for April 19th and 20th, 2024, which could be the most significant event yet this year.

Considering the promises Bitcoin holds for its investors, it’s only natural for the rest of the market to fall in line. Big-cap and small-cap altcoins are following the token’s lead, and investors are in for some of the most significant gains before 2024 ends. If you’re looking to buy into the crypto bulls and extend your assets to cryptocurrencies, then you need to start by choosing a wallet. Here’s a detailed guide on how to store your coins using this tool.

What Is a Crypto Wallet?

The concept of a wallet is something everyone is familiar with, so it’s easy to understand what a cryptocurrency wallet is. This application tool serves as an avenue for keeping your assets and portfolio and storing your holdings, which you can access through a passkey that only you should know. Modern crypto wallets are trendy because they make these digital assets available to everyone, regardless of location or demography. Anyone can download, register, and store their holdings through these applications. They can also be used to send and receive tokens easily.

Crypto wallets come in two forms: custodial and noncustodial. In a custodial wallet, an exchange platform holds your private key on your behalf. Conversely, a noncustodial wallet gives you direct access to your keys, which are your login information. They can also be categorized into hot and cold wallets. When your application is connected to the internet, it can be referred to as a hot wallet, while one that isn’t connected to the web is known as cold.

Most hot wallets are often classified as software wallets, and typical examples are browser extensions, desktop apps, and mobile applications. They allow users to stay connected to the blockchain and explore crypto trading platforms and DeFi protocols like staking, swapping, and trading. All hardware wallets are considered cold wallets, except a few. For instance, a USB flash becomes a hot wallet when connected to your computer and the internet. They are primarily physical items used to store a user’s private key.

Factors To Consider When Selecting One

Certain factors should be prioritized when choosing a cryptocurrency wallet. Since this application will house your investments, you can never be too careful. Here are the top five factors on our list.

Security

Security has been a significant dilemma in the crypto space. The decentralized nature of the market makes it easy for people to scam others and get away with it since many transactions are done anonymously. However, you can easily avoid such situations by taking robust security features seriously. Before choosing your preferred application, consider utilities like multi-factor authentication, biometric login features, and other safe and advanced encryption algorithms. These will put you in a better position to safeguard your funds.

UX and UI

Another thing the crypto space is famous for is its complexities and intricacies. We can easily trace some of this confusion to the complex UI and UX of Web3 applications. Look out for friendly interfaces that are seamless and easy to navigate. This will save you a lot of headaches when finding your way around the application, especially as a beginner.

Private Key Control

We highlighted some of the categories of these wallets based on private key control. Some allow you to hold on to your login credentials, while others do not. If you’re a trader who always has things to buy and sell and transactions to carry out, it’s best to have access to your keys so you can easily get in and out of the market. However, if you want to store your assets for a long time, you could consider custodial ownership. The bottom line is to do your research and choose based on the nature of your investment.

Support

In most cases, the value of a crypto project is attributed to how much investors and community support it has. The same goes for these applications. The support behind a crypto wallet shows such projects’ reliability and long-term availability. Evaluate your options and seek community engagement through some of the network’s active forums. The discord channels, Twitter engagements, and other social media platforms will give you an insight into the application’s audience experiences and the level of reliability.

Transaction Fees and Speed

Watch out for options with affordable fees for all your transactions. These fees may vary depending on the blockchain, but a wallet with a fair transaction fee structure is often the way to go. Also, look into these applications’ conversion fees, exchange fees, and storage fees before making a decision. Additionally, ultra-fast transactions should be a priority.

Choosing the Right Crypto Wallet in 2024

The list above is detailed and covers the top factors to consider when choosing. You can also look into more articles detailing top crypto wallets to try in 2024, with an outlook on the pros and cons of each. Customer support, reputation, backup, and recovery options are additional features to remember when selecting. With all of these in mind, you have all you need to choose the appropriate cryptocurrency wallet for your portfolio.

Understanding Tron (TRX): An Overview of the Coin

TRON (TRX) is the platform that’s making waves in the crypto world! TRON aims to decentralize the internet by utilizing blockchain technology and decentralized applications (DApps). The platform’s Rollercoin has taken the industry by storm as it allows users to win TRX rewards. To start mining, users only need to contribute their computing power to secure the network through mining activities. Here’s a beginner’s guide to understanding TRON and how it works.

What Is TRON (TRX)?

TRON was birthed by the vision of H.E. Justin Sun in September 2017. Its mission? To break the chains of internet centralization by offering a playground for DApp creators. TRON fosters direct peer-to-peer connections and cuts out the middlemen to enhance efficiency. In July 2018, TRON pulled off a major power move by partnering with BitTorrent, a heavyweight in the world of decentralized services. BitTorrent boosted TRON’s influence and user base as it brought on board nearly 100 million active users every month.

In April 2021, TRON hit another huge milestone as its market cap surpassed that of Tether (USDT) on Ethereum. The blockchain became the biggest stash of stablecoins worldwide. And finally, in December 2021, TRON transformed into a fully community-governed decentralized autonomous organization (DAO). By doing so, the platform put the power back into the hands of the people!

Key Features of TRON

Here are TRON’s features that facilitate seamless transitions:

Decentralized Internet: TRON gives you the freedom to create, share, and monetize content without the need for agents and middlemen.

Acquisition of BitTorrent: TRON teamed up with BitTorrent, which already had millions of users already on board. This partnership strengthened TRON’s ecosystem and user base, making it stronger than ever.

TRX Token: TRX is TRON’s native cryptocurrency. It facilitates seamless transactions within the ecosystem and keeps things running smoothly.

TRC Tokens: TRON has a whole squad of tokens, ranging from BitTorrent (BTT) to USD Coin (USDC).

Scalability and Speed: TRON’s infrastructure facilitates increased efficiency for users. It zips through transactions at lightning speed and minimal cost. It provides convenience at its finest for users.

Delegated Proof of Stake (DPoS): With TRON’s DPoS, users get to vote for super representatives. The representatives validate transactions and keep the network safe and secure.

Benefits of TRON (TRX)

TRON (TRX) has some awesome perks for users:

Content Monetization: TRON lets content creators earn money directly, without middlemen. This means they keep control and get paid fairly for their hard work.

Low Fees and Fast Transactions: TRON keeps transaction fees super low, as little as $0.000005. Plus, transactions happen lightning fast, making it great for quick and cheap payments.

Big Scale and Easy Access: TRON works smoothly worldwide, so you can trade TRX tokens anytime, anywhere. It’s available on global exchanges, making it easy for everyone to join in, regardless of their geographical location.

Earn Rewards by Staking: If you hold TRX, you can join in staking to help secure the network. As a bonus, you’ll earn extra TRX tokens as rewards. TRON offers you a little bonus for being part of the TRON community!

How to Buy TRON Tokens

To grab some TRON (TRX) tokens, follow these steps:

  1. Pick a Crypto Exchange: Go for a reliable exchange such as Binance, Kraken, or eToro that offers TRX tokens.
  2. Set up an Account: Register on your chosen exchange. You’ll have to provide personal details and verify your identity.
  3. Deposit Funds: Once your account is ready, add money to it. You can use fiat currency via bank transfer or other leading cryptocurrencies like Bitcoin or Ethereum.
  4. Find the TRX Market: Hunt for the TRX market on the exchange. You can search for “TRX” or browse the cryptocurrency list.
  5. Place Your Order: Choose how much TRX you want and make an order. You can select from different order types, such as instant or setting your price.
  6. Confirm Your Purchase: When your buy order fills up, congrats! You’re now the proud owner of TRX tokens. They’ll appear in your exchange account.

For added security, think about transferring your TRX tokens to a compatible cryptocurrency wallet. This could be a hardware, software, or mobile wallet. Just follow the wallet’s instructions for receiving TRX tokens.

Conclusion

TRON (TRX) is a blockchain platform with a vision to decentralize the internet and empower users worldwide. The platform focuses on scalability, speed, and decentralization. TRON offers a versatile ecosystem for content creation, DApp development, and financial services. As the blockchain industry continues to evolve, TRON remains at the forefront of innovation. Going forward, TRON is expected to drive the adoption of decentralized technologies and significantly reshape the digital landscape.

FAQs

What are the functions of TRON’s cryptocurrency?

TRX is the primary cryptocurrency in the TRON ecosystem. It fulfills diverse roles such as covering transaction costs, engaging with smart contracts, fueling decentralized applications (dApps), staking, and facilitating governance mechanisms.

What is the operational process of TRON’s proof of stake (PoS) mechanism?

In TRON’s proof of stake system, the verification of blocks undergoes a transformation. Validators, chosen randomly, undertake the responsibility of generating new blocks and validating transactions. This methodology establishes a decentralized network consensus, enhancing the security and efficiency of the TRON blockchain.

What is the definition of TRC-20 tokens?

TRC-20 tokens represent a specific standard of cryptocurrency tokens operating on the TRON blockchain. TRON, being a decentralized platform, empowers developers to craft and launch smart contracts as well as decentralized applications (DApps).

What steps are involved in staking TRX?

Participation in TRX staking involves leveraging the voting system within the Tron network to generate passive income. Users can engage in staking by nominating themselves as a Super Representative, which enables them to operate a node. Users also have the option of delegating their tokens to a Super Representative. The specific staking rewards one receives hinge on the chosen Super Representative.

Can I use TRX for decentralized finance (DeFi) activities?

Yes, with TRX, you can engage in all sorts of DeFi activities, including trading on decentralized exchanges (DEXs).

Is a Bullish Phase Ahead for Crypto?

Crypto investors have had a lot to celebrate lately. Bitcoin prices reached an all-time high last March, and Dogecoin more than doubled its value—not bad for a memecoin. The positive performance of some of the most important cryptocurrencies has fuelled optimism in this market. 

How long should this moment last? Keep reading and find out.

Explaining the Bulls and Bears

For those new to this market, the mood swings of the crypto world are described as “bull phases” and “bear phases.” Digital assets are highly volatile, which means this market’s landscape can quickly change. However, sometimes, we identify recurring patterns in those “mood swings,” signalling an upward trend (bull) or a downward trend (bear).

We can earn high profits if we distinguish bulls from bears. These patterns give us valuable information for future decisions, such as when to invest in an undervalued niche or which cryptos to sell. The market for digital assets is vast, and not all swings are visible to the naked eye. That’s why we must use AI and advanced software to follow each move of the line in real-time.

Legal Affairs

I am also optimistic about the regulatory environment surrounding cryptocurrencies. Recently, anti-money laundering laws have been approved by European regulators. Meanwhile, Ethereum is only a few steps away from being classified as a security by the U.S. Securities and Exchange Commission.

Ownership of digital assets is also on the rise. Statistics from November 2023 show that there were about 575 million crypto users worldwide, following a sharp upward trend since 2016. Not all of them are investors, though. Many people use cryptos for e-commerce and online entertainment, for instance. So, clear regulations surrounding cryptocurrencies are great news for everybody.

So Far, So Good

Crypto investors seem optimistic about 2024, and they’re backed up by numbers. Bitcoin’s strong 2023 saw its price go up by 150%. Last March, the most famous crypto peaked at USD 73,750, an all-time high. Ethereum prices also went up by 5.8% during the same period after gaining 85% in 2023. From January until now, ETH has increased its value by 55.6%. Meanwhile, Dogecoin prices rose above 133% in one month. 

Market players also seem happy about recent changes made by the SEC. In January, it approved 11 spot bitcoin ETFs. Until then, investors could only hold crypto derivative products when investing in cryptocurrency funds. Now, it’s possible to invest in those funds directly. As a result, trade volumes spiked in most spot bitcoin ETFs, consequently driving BTC prices to an all-time high in March.

Meanwhile, I’m eagerly waiting to see Ethereum spot ETFs. Companies like VanEck and BlackRock have pending applications with the SEC, which means that expectations regarding their approval are high. I believe that spot Ethereum ETFs have even more potential than their Bitcoin counterparts. Ethereum’s competitive edge would be its unique proof of consensus. This mechanism allows investors to earn via staking, a feature lacking in spot Bitcoin ETFs.

Bulls and Red Flags

I see as many reasons to be hopeful as there are to remain cautious, though. According to statistics from Coinglass, nearly USD 780 million worth of bullish crypto wagers were liquidated in 24 hours in mid-April; it’s the biggest drop in history. The evasive movement is likely due to current geopolitical tensions, leading investors to look for less volatile options, such as bonds or the US dollar.

The string of liquidations caused BTC to drop 7.5% during this period. Even Dogecoin lost part of its initial success, dropping 13%. However, market experts don’t see a reason for panic. Instead, they see this momentaneous downturn as an opportunity to invest ahead of the next upward movement. The next Bitcoin halving is expected to take place by the end of April.

1 146 147 148 149 150 348