Schlagwort: crypto business

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Layer 1 payments network CrossFi launches EVM-compatible mainnet

  • CrossFi launched an EVM-compatible mainnet for scalable web3 payments.
  • The network supports 10,000 TPS and bridges Ethereum assets seamlessly.
  • Governance uses MPX tokens, with fees averaging $0.02 per transaction.

Cross Finance, commonly known as CrossFi, has announced the launch of its EVM-compatible mainnet, marking a significant step in the evolution of decentralized finance (DeFi) and web3 payment solutions.

The CrossFi blockchain aims to provide a scalable, decentralized ecosystem designed to support high-volume payments and everyday transactions, bridging traditional finance with the world of crypto.

The CrossFi mainnet’s launch comes on the heels of a successful testnet, conducted in collaboration with CoinList, which attracted over one million active wallets.

The CrossFi blockchain

The network’s infrastructure is built using the Cosmos SDK and Tendermint, enabling a modular design that supports up to 10,000 transactions per second (TPS).

This scalability makes CrossFi suitable for hosting payment applications that require high throughput, similar to Visa-level processing capabilities.

As an EVM-compatible network, CrossFi allows seamless integration with Ethereum-native assets, which can be bridged to its platform and utilized within its payment ecosystem.

Its security is reinforced by PCI DSS certification, a data protection standard recognized by major payment card companies, ensuring that the platform maintains industry-leading data transmission and storage practices.

The governance of the decentralized network is powered by the Mint Power (MPX) token, which is also used to facilitate transaction fees that average $0.02 per transaction.

In addition, the Cross Finance ecosystem features a variety of financial tools, including CrossFi App, which enables services like staking, lending, crypto-fiat exchange, and P2P payments. Users can also leverage CrossFi xAPP for token swaps, cross-chain asset bridging, and liquidity mining.

Further enhancing its ecosystem, CrossFi supports synthetic asset minting, over-collateralized stablecoins, and offers decentralized platforms for trading real-world assets.

By integrating multiple functionalities across its components, Cross Finance is set to democratize access to decentralized finance and facilitate the adoption of blockchain technology in global payments.

The network’s launch partners, including Alchemy and other validators, will play a key role in optimizing performance and maintaining decentralization.

With this mainnet launch, CrossFi is positioned to become a pivotal player in the evolving web3 financial landscape, empowering businesses and users to explore new possibilities in the digital payments space.

The post Layer 1 payments network CrossFi launches EVM-compatible mainnet appeared first on CoinJournal.

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Investors eye Bitcoin Dogs as BTC retests $64k

  • Bitcoin Dogs rises as Bitcoin (BTC) breaks above $64,000 and meme coins shine.
  • The positive start to the week for BTC is exciting not just BTC bulls, but the broader market.
  • A retest of $64k for BTC has most top altcoins flipping green and meme coins including Bitcoin Dogs are eyeing fresh momentum.

Bitcoin Dogs (0DOG) has seen a decent increase in buying over the past week as investors turned to meme coins.

As Bitcoin (BTC) and top coins such as Ethereum (ETH), Solana (SOL), and XRP (XRP) target upside strengthening, the meme coin market has heat significantly.

Data from CoinGecko shows that most Solana, Tron, Ton and Base meme coins have all had a decent surge this past week. Indeed, the broader meme coins market cap has reached $59 billion with a 3% spike in 24 hours.

Meanwhile, BRETT, MOG and BOME are some of the trending coins – all have posted notable double digit gains as at writing. Amid this upside movement for meme coins has been substantial interest in Bitcoin Dogs, the first ICO on Bitcoin.

After raising over $13.4 million from early birds, the token 0DOG listed on major exchanges and currently boasts an 18% uptick since hitting its all-time lows of $0.006 on Oct. 11.

Bitcoin Dogs: Game teaser excites investors

Apart from being the first-ever ICO on the Bitcoin network, its gaming and NFTs drive the overall USP of this project.

One major catalyst could be Bitcoin Dogs’ upcoming play-to-earn game. Recently, the project announced a teaser for the game, taking a major step towards public release as the Telegram game ecosystem explodes with tap-to-earn games.

Meanwhile, 0DOG’s listing on top exchanges such as MEXC, Gate.io and Uniswap has the community excited. Particularly, it’s down to speculation that Bitcoin Dogs could be the next project that Binance adds trading support for in coming weeks.

What’s also catalysing interest in 0DOG?

Also catalysing interest in 0DOG is the token’s liquidity pool that offers substantial APY for participants. Investors eyeing the big staking rewards can enjoy an APY of around 370%.

BTC price movement also adds to the overall bullish outlook for the BRC-20 token. Bitcoin’s potential spike above $65 as October swings positive could buoy BTC and see 0DOG surge.

These combined with overall bullish sentiment across the crypto market suggests Bitcoin Dogs at current prices may be a huge opportunity.

Investors appear to be taking this chance, buying 0DOG low in the $0.006 and $0.007 range. The price level coincides with a potential bottom for the top meme coin related project on Bitcoin.

A surge in meme coins, coupled with a spike in interest in Bitcoin layer-2 network gems, means Bitcoin Dogs could be on tokens to watch as BTC price touches key levels.

The post Investors eye Bitcoin Dogs as BTC retests $64k appeared first on CoinJournal.

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Dogecoin and Shiba Inu look like bad investments – analysts believe these 2 tokens could be a better bet

Dogecoin (DOGE) and Shiba Inu (SHIB) were once the poster children of the crypto market, riding high on a wave of investor enthusiasm in 2021. However, their days of glory appear to be long gone, as both tokens have since faced significant declines. With no solid use cases and dwindling community support, DOGE and SHIB now struggle to regain relevance. Meanwhile, PEPE and Rexas Finance (RXS) are making waves, with some analysts predicting they could have the potential to deliver the kind of returns investors once dreamed of with DOGE and SHIB.

Dogecoin’s Decline and Shiba Inu’s uncertain future

Dogecoin’s rise to fame was largely driven by Elon Musk’s tweets, often causing the coin’s price to skyrocket. However, the market has moved on, and Musk’s tweets no longer have the impact they once did. 

In the past 90 days, Dogecoin has dropped by 19%, and its price struggles to stay above $0.10. Despite technical analysis suggesting a potential bullish breakout, there is little real momentum. With investors now seeking newer, more promising opportunities, Dogecoin’s glory days seem far behind it. 

Shiba Inu (SHIB) emerged in 2021 as the self-proclaimed “Dogecoin Killer,” but it too has failed to maintain its early success. Originally driven by hype, SHIB has since seen a steep decline, with little to no meaningful development behind it.  

Although some argue that the claim that SHIB is “dead” is an overstatement, it remains a coin in crisis. Lacking a clear use case and struggling to attract new resources, SHIB’s future looks bleak. Investors have moved on to projects with more innovative solutions, leaving SHIB with dwindling relevance in the market.

PEPE’s surge in 2024

In contrast to DOGE and SHIB, PEPE has managed to maintain investor interest. In 2024, PEPE saw a significant price surge, jumping 275% in a short period, from $0.0000046 in April to $0.000017 by late May. While the token experienced a pullback, PEPE rebounded quickly, with an 85% rise from its September low. The token’s price volatility suggests that PEPE is still in a growth phase, with potential for future gains. Unlike DOGE and SHIB, PEPE’s price movements indicate strong investor interest and potential for continued momentum in the market.

Rexas Finance leading the tokenization revolution

While PEPE captures attention with its price movement, Rexas Finance (RXS) offers something much more tangible: real-world asset (RWA) tokenization. 

Using blockchain technology, RXS enables investors to purchase and own a fraction of these valuable assets with ease, opening up opportunities previously available only to institutional investors. With its comprehensive ecosystem, Rexas Finance makes it possible for anyone to tokenize their assets and raise funds through its launchpad. Investors can also participate in real estate projects via Rexas Estate, a platform allowing fractional ownership.

RXS token details and utilities

Rexas Finance offers a suite of utilities beyond tokenization, including the Rexas Quickmint Bot, Rexas GenAI, and Rexas AI Shield, all of which streamline the tokenization process and enhance security. The platform’s token, RXS, runs on the ERC-20 standard with a total supply of 1 billion tokens. 

With 42.5% of the tokens allocated for presale, Rexas Finance is committed to public participation, avoiding venture capital funding to ensure wide access. The presale has already raised $2.75 million across four stages, with the current price set at $0.06 per token in stage four. Those buying now will see a 3.3x return upon launch, and Rexas Finance continues to draw attention from investors globally.

With a zero percent tax policy and numerous utilities built into the ecosystem, RXS offers a compelling opportunity for those looking to invest in the future of asset tokenization.

Conclusion: The future belongs to innovative tokens

Dogecoin and Shiba Inu once captivated the crypto market, but their lack of real-world utility and fading hype have left them struggling to compete. On the other hand, tokens like PEPE are showing strong potential in the market, while Rexas Finance (RXS) stands out for its innovative approach to asset tokenization. For investors looking to recapture the magic of 2021, RXS could provide a promising opportunity with its growing ecosystem and real-world applications.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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UK man sues council after it denied requests to dig for lost Bitcoin hard drive in landfill

  • James Howell has been trying to get his lost hard drive back for 10 years
  • Howell mined 8,000 Bitcoin on his laptop after learning about Bitcoin in 2009
  • The council have denied Howell’s requests to dig due to “environmental concerns”

A 39-year-old man is suing Newport City Council for $646 million (£495,314,800 million) in damages after losing his hard drive at a recycling center containing 8,000 Bitcoin.

James Howell accidentally threw out his hard drive in 2013 during a household clearout. According to WalesOnline, Howell had two hard drives of the same size. One was blank, while the other contained his Bitcoin.

He mistakenly put the one containing the Bitcoin into a black bin bag, which his then-girlfriend took to the tip. At the time of his loss, his Bitcoin was worth around $1.3 million (£1 million). However, within three months, their value had risen to around $11.7 million (£9 million).

Howell has reached an agreement, leaving him with 30% of his Bitcoin if the hard drive is found. The remaining would be split between his backers, the recovery team, and the council.

Howell states that despite meeting a representative of the council in 2013, he’s been “largely ignored.”

“I’m still allocating 10% of the value for the council even though they have been problematic throughout,” he said. “That would be £41m based on today’s rate but in the future, it could be hundreds of millions.”

Environmental concerns

A court filing states that Howell’s hard drive is located in Cell 2- Area 2 of the Docksway landfill.

If the hard drive is located, the dig would take around 18 to 36 months followed by 12 months of remediation work. Yet, despite promises to safely excavate the Newport site and to modernize the landfill, the council have rejected Howell’s requests to dig due to “environmental concerns.”

Howell’s lawyers claim that the council have “simply ignored” that 10% of Bitcoin could bring “a huge and desperately needed investment in the local community.”

Lawyers for the council argue that the hard drive belongs to the council because it was dumped at the tip. However, Howell’s lawyers deny this, claiming that the hard drive was never intended to be thrown away.

Howell said he didn’t want to go to court, but “this is the final shot.”

The case is expected to be heard in December.

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Are NEIRO and Rexas Finance (RXS) better choices for investors than Shiba Inu (SHIB) in 2024?

As the cryptocurrency market continues to evolve, investors are on the lookout for any changes that offer a higher yield. Looking ahead towards the end of 2024, several people are wondering whether there is still attractiveness in already existing coins e.g. Shiba Inu (SHIB) or whether new coins like NEIRO or Rexas Finance (RXS) might be a better bet. Let’s take a look at why these newer coins might offer more upside.

Rexas Finance (RXS): A leader in the presale market

Rexas Finance has become popular in the crypto community, especially due to its impressive presale performance. The project has just finished its third stage presale phase and already raised over $2 million. The presale’s success is due to the outstanding features of the Rexas platform, which is mainly based on real estate tokenization and decentralized finance (DeFi). 

Rexas Finance is appealing to investors because it has a distinctive value proposition that promises to revolutionize real estate transactions. Rexas Finance’s presale price started at $0.03, and in the latest phase it is $0.06 – a 100% increase over the previous one. 

This growth indicates increased confidence among investors and a high demand for RXS tokens. An early investor could gain as much as 233% when it goes live, since analysts are estimating a listing price of $0.20. 

Giveaway initiatives to boost engagement

Rexas Finance recently introduced a $1 million giveaway for the participants, which has over 100,000 entries with 118 days left. This strategy aims at bringing in new investors as well as benefiting the current investors as well which improves the overall participation of the community. The giveaway serves as the impetus for the project encouraging more people to visit the platform hence increasing the demand for the tokens.

In addition, the attention of many internet users has turned to the marketing strategy of the giveaway, thus creating discussions about Rexas Finance’s potential. Given the buzz surrounding the Rexas presale and the giveaway’s high demand, Rexas is building a strong brand in the market and could easily be a household name.

NEIRO: Another emerging contender

As Rexas Finance is establishing its position in the market, NEIRO is on the rise as well and enjoying growing popularity. Seeking to unify both the world of finance and the power of blockchain technology, NEIRO plans on reforming the financial services industry. The concentration of said project is the multipurpose yet efficient architecture of Dapps and investors began to notice its bold strategy.

Lately, NEIRO has captured the cryptocurrency market’s attention and is currently priced at $0.06. Given such rising investor interest, the targets suggest it can reach $ 0.15, which is a 150% upside potential. Such tempts the investors as it helps in earning some decent returns and thus it shows that there is a healthy demand for NEIRO in the competitive world of cryptos.

Comparing with Shiba Inu (SHIB)

Unlike the interesting stories of NEIRO and Rexas Finance, Shiba Inu seems to be suffering diminishing appeal amongst its investors. Given the current market structure, SHIB has been unable to gain traction. Built on memes and social media buzz, Shiba Inu has no fundamental use cases like NEIRO or Rexas Finance. At this point, the price of SHIB stands at about $0.000017 with horrible prospects for moving any time soon.

In addition, Shiba Inu has a very high token supply at 1 quadrillion tokens. Because SHIB tokens are so abundant this limits the potential price one token might conceivably climb to. In contrast, the tokenomic supply of both NEIRO and Rexas Finance is more controlled, which increases the chances of higher prices as the demand grows.

Conclusion: The path forward for investors

Looking to 2024 and beyond, the cryptocurrency space continues to change for the better. NEIRO and Rexas Finance (RXS) are being billed as investments that could outperform Shiba Inu in terms of growth trajectory. 

Given the splendid presale performance of Rexas, which has raised over $2.75 million, and the enticing giveaway program with a value of $1 million, investors are staring at a project that not only promises returns but also cherishes the community.

Both projects have inherent utility and a good growth opportunity. In this regard, some analysts have argued that investors should move away from the standstill of Shiba Inu and instead focus on putting their funds towards NEIRO and Rexas Finance. For those who make the shift, the future could be rosy because these new tokens have the potential to offer very good returns in the next few months.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Are NEIRO and Rexas Finance (RXS) better choices for investors than Shiba Inu (SHIB) in 2024? appeared first on CoinJournal.