Kategorie: Crypto News

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TRON investors considering TON and Bitbot amid SEC lawsuit against Justin Sun

  • SEC lawsuit against Justin Sun casts doubt on TRON’s future.
  • TON Network’s integration of USDT boosts Toncoin price by 12%.
  • Bitbot’s AI-powered trading platform and $BITBOT token offer innovative solutions.

As the cryptocurrency market navigates through turbulent waters, TRON investors are exploring alternative options amidst a legal battle involving Justin Sun, the founder of TRON (TRX).

The recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Sun has prompted investors to seek refuge in projects such as the TON Network and Bitbot.

SEC’s lawsuit casts a shadow over TRON (TRX)

The SEC’s legal action against Justin Sun has sent shockwaves through the TRON community.

The accusations of selling unregistered securities through TRON’s native token (TRX) and BitTorrent’s token (BTT) have cast doubt on the future of these assets.

Sun’s alleged involvement in deceptive practices, including wash trading and undisclosed paid celebrity endorsements, has further exacerbated concerns among investors.

As the legal battle unfolds, investors are grappling with the uncertainty surrounding TRON’s regulatory status and the potential ramifications for its market value.

The outcome of this lawsuit could redefine the regulatory landscape for TRON and other cryptocurrencies, potentially leading to increased scrutiny and tighter controls on their operations.

USDT support added to TON Network boosting Toncoin price

Amidst the regulatory turmoil facing TRON, the recent announcement of Tether (USDT) support on the TON Network has injected a sense of optimism into the cryptocurrency market.

Tether’s decision to integrate its stablecoin with TON expands its presence across the crypto sphere, providing users with a seamless experience for peer-to-peer payments and value transfers.

In response to this development, Toncoin has experienced a surge in price, reaching $7.09 and marking a 12% daily increase. This bullish momentum reflects investors’ confidence in the potential of TON Network and the broader ecosystem it encompasses.

The integration of USDT on TON not only enhances liquidity but also opens up new avenues for decentralized applications across various verticals.

Bitbot: revolutionizing cryptocurrency trading

Just like Toncoin, Bitbot, a sophisticated Telegram-based AI-powered trading bot designed to enhance the trading experience, is also attracting investors’ attention.

Bitbot’s platform provides users with real-time data, technical analysis, and seamless execution, levelling the playing field for both novice and experienced traders.

At the heart of Bitbot’s ecosystem is its native token, $BITBOT, which offers holders exclusive benefits such as revenue sharing and governance rights. The token is currently in its presale stage which has already raised $2,603,234 out of its $2,844,000 target, reflecting growing demand for Bitbot’s innovative solutions.

The current presale price is $0.0163 per token giving early investors an investment opportunity seeing that the price is set to increase to $0.0171 in the next presale stage.

Conclusion

As TRON investors navigate through uncertain waters, TON Network and new projects like Bitbot offer promising alternatives for those seeking stability and growth opportunities in the ever-evolving cryptocurrency market.

Nevertheless, as with any cryptocurrency investment, investors should conduct thorough research before investing owing to the extremely volatile nature of cryptocurrencies.

The post TRON investors considering TON and Bitbot amid SEC lawsuit against Justin Sun appeared first on CoinJournal.

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JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs

  • Jamie Dimon, JPMorgan CEO, called Bitcoin a “Ponzi scheme.”
  • Dimon’s criticism comes despite JPMorgan’s involvement in Bitcoin ETFs.
  • Bitcoin’s recent price volatility highlights ongoing debates in the cryptocurrency market.

JPMorgan Chase CEO Jamie Dimon has once again voiced his scepticism towards Bitcoin (BTC), dubbing it a ‘Ponzi scheme’ during an interview on Bloomberg TV.

During his interview, Dimon reiterated his long-standing criticism of Bitcoin, stating that it lacks utility and legitimacy as a form of money. He described Bitcoin and similar cryptocurrencies as “simply not functional as currencies,” emphasising his belief that they are essentially Ponzi schemes disguised as technological innovation.

However, this is not the first time that the CEO is criticizing Bitocin. His scepticism towards Bitcoin is well-documented. He previously called Bitcoin a “fraud” and expressed concerns about its potential to facilitate illegal activities such as money laundering, fraud, and tax evasion due to its anonymity and lack of regulation.

JPMorgan’s involvement in Bitcoin ETFs

It’s notable that despite Dimon’s vocal criticism of Bitcoin, JPMorgan has been actively involved in the cryptocurrency space.

The banking giant has served as an Authorized Participant for BlackRock’s spot Bitcoin exchange-traded fund (ETF) and has participated in several blockchain-based projects over the years.

Furthermore, despite Dimon’s scepticism towards Bitcoin, the CEO acknowledged the potential value of certain aspects of blockchain technology, particularly those facilitating smart contracts although  he maintained his stance that cryptocurrencies like Bitcoin lack inherent value as currencies, echoing his previous sentiments on the matter.

This juxtaposition highlights the nuanced approach within the banking giant towards cryptocurrency investments, even as its CEO expresses scepticism.

Bitcoin (BTC) price market reaction

Bitcoin’s market performance has been subject to fluctuations in recent times. At the time of writing, Bitcoin price was $64,741.28, after experiencing a 4.92% increase in the last day, but it was still down 8.41% over the past seven days.

Despite these fluctuations, Bitcoin’s market capitalization has recently surpassed $1.2 trillion, reflecting its continued growth and acceptance as an asset class.

The post JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs appeared first on CoinJournal.

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Live from TOKEN2049: Telos announces Ethereum Layer 2 partnership with Ponos Technology

  • Telos has revealed the details of a new partnership with Ponos Technology to develop a hardware-accelerated Ethereum L2 zkEVM network
  • Plans for the new network were officially unveiled live today at TOKEN2049 in Dubai, where Telos is a title sponsor
  • TOKEN2049 is one of the world’s top crypto events, bringing together 10,000 attendees from more than 4,000 companies and 100 countries to explore the future of crypto

The Telos Foundation has revealed the details of a new partnership with Ponos Technology, the leading Zero Knowledge Proof (ZKP) research and development firm, which will see the two companies work together develop an end-to-end optimized, hardware-accelerated Ethereum Layer 2 network featuring SNARKtor, the Telos-developed decentralized recursive proof aggregator.

The new partnership was announced today at TOKEN2049 in Dubai, one of the world’s premier crypto conferences.

Teams from Telos and Ponos Technology will take a hardware-software co-design approach that will help unlock new possibilities in terms of massive scalability, greater data protection and trustless interoperability for Ethereum users globally.

Ponos Technology provides end-to-end optimized solutions for ZK proving, which is essentially achieved by leveraging FPGA acceleration, thus maximizing business value streams through cost-performance optimized computation by matching hardware-software co-designed modules and dedicated execution environments. The team includes a unique blend of experienced scientists and highly skilled industry experts that have accumulated deep technical knowledge on all aspects of ZKPs.

Slobodan Lukovic, CEO and co-founder, Ponos Technology, said:

“Zero Knowledge technology is going to become increasingly mainstream and can open the door to increased efficiency and security across so many industries.

“Similarly to AI, steady enhancements in algorithms coupled with advancements in underlying hardware infrastructures will enable commoditization of ZKPs and result in the technology being widely adopted in the near future.”

Telos will also be working with several other new partners during the development cycle, including:

  • Digital M.O.B. – One of the strongest Ethereum developer teams in the world, having worked on projects including MetaMask, MakerDAO and Gnosis, among others. 
  • ATKA – A Paris-based end-to-end web3 incubator who helped incubate world class projects such as Morpho and Mangrove, and whom Telos announced a strategic partnership with in March 2024. 
  • Cometh – An award-winning dev team led by ETH France President Jerome de Tychey, who joined Telos as a technical EVM advisor also in March 2024.

Telos Executive Director John Lilic, who helped lead pioneering teams at ConsenSys and Polygon in addition to being a Top 50 Web3 angel investor, will help coordinate and support the transformation. He will work closely with Alberto Garoffolo, Head of ZK technology at Telos and co-author of the SNARKtor whitepaper, and Jesse Schulman, CTO and Head of Engineering at Telos. 

Announcing the new partnership, John Lilic said:

“Fundamentally, Ethereum will need to take a hardware-software co-design approach in order to realize zkEVM performance at tremendous scale.

“That’s the approach we’re taking with Ponos Technology and our growing partner network as we build a hardware-accelerated zkEVM L2. We believe that this formula, alongside the exciting work our team is doing with recursive proofs via SNARKtor, is going to offer compelling services to the Ethereum community and beyond.”

Telos was created in 2018 through a “fair drop” network launch that did not include an ICO nor token sale. Over the past six years, the Telos Foundation has helped steward the development of two primary networks – Telos EVM and Telos Zero – and will now also focus on building a  highly performant and succinctly provable L2 zkEVM.

Following TOKEN2049, additional details on the Telos L2 are expected to be announced in the lead up to EthCC in July, for which Telos is a primary sponsor. Live in Brussels from EthCC, the Telos team plans to broadcast its first-ever demo of SNARKtor to the world as a precursor to the official launch of the Telos L2. 

The post Live from TOKEN2049: Telos announces Ethereum Layer 2 partnership with Ponos Technology appeared first on CoinJournal.

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Injective and Jambo partner to bring mobile-based DeFi to millions in emerging markets

  • Injective and Web3 mobile firm Jambo will partner to promote DeFi in Africa, Latin America and Southeast Asia.
  • The collaboration seeks to make it easy for millions to access dApps via the Jambophone.

Injective and Web3 mobile infrastructure platform Jambo have announced a partnership that will see the two companies collaborate to bring blockchain-powered financial solutions to millions of users in emerging markets.

The partnership will tap into JamboPhone, a Web3 Android 13 smartphone, to introduce users across Africa, Latin America and Southeast Asia to Injective’s DeFi ecosystem.

“Combining Injective’s robust infrastructure stack with Jambo’s mature Web3 mobile technology will enable us to efficiently scale DeFi to the point where it can tangibly help billions of people overcome socioeconomic hurdles,” Mirza Uddin, head of business at Injective Labs said in an announcement.

As part of the collaboration, users in these emerging markets will access multiple decentralised applications (dApps) in the Injective ecosystem via JamboPlay dApp store. One of the first platforms to be available will be Ninji, a native Injective wallet.

“We want to bring emerging markets on-chain,” James Zhang, co-founder of Jambo, noted.

Web3 phone for DeFi adoption

JamboPhone is currently priced at $99 and has been sold in more than 100 countries. The Web3 phone features preloaded applications that include DeFi, gaming, and Web3 infrastructure.

The partnership continues Jambo’s commitment to promoting the crypto adoption space in Africa and other emerging markets. It’s also part of Injective’s mission, with the blockchain platform offering an interoperable layer 1 network optimised for Web3.

Injective, incubated by Binance, counts Pantera, Jump Crypto and Mark Cuban among its backers. The native token INJ is currently the 45th-largest cryptocurrency by market cap.

Following today’s partnership announcement, INJ price has surged more than 12% in 24 hours to reach highs of $28.47.

The post Injective and Jambo partner to bring mobile-based DeFi to millions in emerging markets appeared first on CoinJournal.

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Release date confirmed for new augmented reality move-to-earn game, SpaceCatch

SpaceCatch, a brand new AR M2E (Move-to-Earn) game, has confirmed the release date for its public beta version. The game, which will come packed with impressive features and multiple benefits after an extensive development period, is scheduled for release on April 22 2024. 

Set in a futuristic world similar to our own, where Earth has been overtaken by AI-driven aliens, SpaceCatch challenges players, known as Catchers, to restore peace on Earth by defeating these aliens.

The game offers a captivating narrative that engages players, making it difficult to put their phones down. 

Scheduled for release on April 22, SpaceCatch is inviting players to reserve their spot early, with only 22,000 entries available.

Despite being pre-launch, SpaceCatch has already won over early adopters thanks to its rich feature set and engaging plot. The growing community and successful fundraising efforts are living proof of its appeal and potential.

And how does it work?

SpaceCatch leverages several cutting-edge technologies to deliver its exciting gameplay. The game operates on two models: M2E (Move to Earn) and P2E (Play to Earn). The P2E model is straightforward: players engage in combat with AI-driven aliens to restore peace on Earth.

The M2E model, on the other hand, is powered by Augmented Reality (AR). This integration allows players to interact with the SpaceCatch universe as it blends seamlessly with the real world. Imagine spotting an alien while in the park, relaxing in your living room, or getting in your car.

Furthermore, SpaceCatch employs artificial intelligence (AI) to develop a unique gaming experience for each player. Your game experience will differ from that of others, molded by your decisions, preferences, and behavior.

More than just a game

SpaceCatch has also developed a native token, CATCH, which is valuable both within and outside the game’s ecosystem. 

CATCH has been distributed to users during various fundraising events, CATCH can be earned through specific actions in the game and is available for purchase on multiple exchanges, including Gate.io, Bitget, MEXC, BitMart, XT.com, and Bingx.

And if you were not around when SpaceCatch organized the fundraising rounds, or you prefer not to perform certain actions in the game to earn CATCH, don’t worry; you can still get some tokens. CATCH can be bought, sold, or traded on various platforms, and this will help several new players get a better start in the SpaceCatch world.

CATCH helps SpaceCatch players improve their characters and tools, and this can highly contribute to their evolution in the game and how much they manage to help with their main common goal: restoring peace on Earth. 

Discover More

SpaceCatch is just getting started in the industry, and has big plans up its sleeve. But with just 22,000 beta entries up for grabs, gamers should check out its official website asap and follow its activity on Telegram, Discord, X (Twitter), YouTube, Instagram, Medium, and CoinMarketCap.

The post Release date confirmed for new augmented reality move-to-earn game, SpaceCatch appeared first on CoinJournal.