Schlagwort: crypto business

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Russia’s largest search engine Yandex bans crypto ads

  • Yandex bans ads for crypto exchanges, smart contracts, mining, and ICOs in Russia.
  • Ads for mining equipment, educational content, and legal advice are however exempted.
  • Yandex will allow crypto ads outside Russia with strict compliance to local regulations.

In a significant shift reflecting stringent regulatory measures in Russia, Yandex, the country’s largest search engine, has updated its advertisement policy to prohibit ads related to cryptocurrency.

The new policy, which takes effect immediately, aligns Yandex’s operations with recent legislative changes enacted by President Vladimir Putin.

Crypto exchanges, mining operations, and ICO ads banned

Under the updated policy, Yandex has imposed a broad ban on advertisements for crypto exchanges, blockchain services, smart contracts, mining operations, and ICOs. This also extends to any promotional content related to earnings from these activities and services that check crypto wallets and transactions for money laundering.

The decision underscores Yandex’s commitment to adhering to Russia’s strict regulations governing cryptocurrency advertising.

However, the new rules do allow for certain exceptions. Advertisements for physical equipment used in crypto mining and storage, educational content, training materials, and events related to cryptocurrency, mining, and ICOs are still permitted. Additionally, Yandex will allow ads for legal consultations concerning crypto matters.

This nuanced approach ensures that while the platform curtails promotional activities related to cryptocurrency investments, it continues to support educational and legal aspects associated with the sector.

For regions outside of Russia, Yandex maintains a more lenient stance on crypto advertising, though ads must comply with local regulations and Yandex’s policies, including prohibitions on guaranteeing earnings and claiming risk-free transactions.

This international flexibility contrasts with the stricter domestic regulations, highlighting the varying global landscape for crypto-related advertising.

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HashKey Group taps TON mini-game Catizen as first Web3 partner

  • HashKey Group and Telegram mini-game Catizen have announced a partnership, with Catizen teh first official Web3 partner.
  • The Asia-based firm will leverage the TON blockchain.

HashKey Group has announced Catizen, a Telegram mini-game platform on the TON blockchain, as its first Web3 partner.

The company will use the partnership to bolster Catizen’s Web3 gaming ecosystem, providing the mini-game’s over 29 million users a more compliant and reliable digital experience.

With the partnership announced on August 19 in place, users are set to benefit from gamified digital finance, airdrop campaign and other initiatives.

HashKey Group said in a press release that the company will tap into TON blockchain’s technology to bring these goals into action, targeting further growth within the GameFi and digital entertainment infrastructure market.

“As a phenomenal product in the GameFi sector in 2024, Catizen offers possibilities for the future development of next-generation GameFi. We are excited to continue participating in the global digital entertainment industry innovation based on our collaboration within the Ton ecosystem,” Ben El-Baz, managing director of HashKey Global, stated.

The development comes after HashKey Group struck a strategic partnership with TON Foundation in April.

HashKey’s partnership has since seen TON blockchain experience major developments in the GameFi space, with Catizen one of the Telegram mini-games to explode in user base and number of daily active users. Catizen continues to see significant traction amid viral adoption for competitors such as Kombat Hamster.

 

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Tether expands USDT to the Aptos blockchain

  • Tether will soon bring USDT minting to Aptos blockchain.
  • USDT is the world’s largest stablecoin with a market cap of over $116 billion.
  • Integration will boost Aptos’ decentralised finance ecosytem.

Tether’s USDT stablecoin will soon be available on the Aptos, the company behind the US dollar-pegged stablecoin announced on Monday.

According to Tether, the integration is part of the company’s broader strategy to bring the benefits of digital currencies to more people globally.

USDT expands to Aptos

The expansion to Aptos, a blockchain network designed to offer speed and scalability, gives Tether another opportunity to realise this goal. With Aptos making transaction costs extremely low, the community will be able to tap into use cases such as microtransactions.

“Aptos’ innovative technology offers a solid platform for facilitating faster and more cost-effective transactions with USD₮. This collaboration underscores our ongoing efforts to lead with innovation and support our users with stable, reliable financial tools,” Paolo Ardoino, CEO of Tether, said in a statement.

USDT is the world’s leading stablecoin by market cap, currently at over $116 billion and daily volume of over $31 billion. Meanwhile, Aptos is currently the world’s 33rd largest cryptocurrency network by market cap at $2.8 billion.

Apart from the integration helping to grow Tether’s user base, it also brings the benefits of USDT’s market reach to provide developers a more robust ecosystem for project development. Builders on Aptos will combine USDT and Move on Aptos to expand both the decentralised finance (DeFi) and payments ecosystem on Aptos.

“The launch of USD₮ on Aptos accelerates the availability and utility of real-world value for institutions, Web3 builders, and regular people worldwide,” Bashar Lazaar, head of grants & ecosystem at Aptos Foundation, noted.

Tether has expanded to several blockchains, including TON blockchain. However, most supply is on Tron and Ethereum, while the stablecoin issuer has recently discontinued minting on EOS and Algorand blockchains.

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Investors get another shot at an L1 protocol as DTX’s presale approaches $1.5m

Key takeaways

  • DTX Exchange is set to join a host of other layer-1 protocols in the Web3 ecosystem.
  • The project raised nearly $1.5 million in its presale and will use the funds to roll out a range of products, including a wallet.

What is DTX Exchange?

DTX is a new layer-1 protocol coming to the cryptocurrency exchange. According to its official website, DTX Exchange is a comprehensive investment platform designed for seasoned investors seeking access to a diverse array of financial instruments.

The platform offers high-end products that ensure seamless investment in cryptocurrency, equities, forex, and other asset classes. 

Per the development team, DTX will focus on delivering an unmatched trading experience. The platform has a zero-commission policy, expedited withdrawals, and rapid trade execution.

Furthermore, as an investment platform, DTX has strict adherence to regulatory standards, ensuring a secure and compliant investment environment.

The team explained that traders with at least $10,000 on account with the DTX Black Club will have access to different benefits. Some benefits include rakeback, monthly bonuses, level-up bonuses when you move, e.g., from bronze to silver, weekly bonuses, daily bonuses, and reimbursement from net losses. 

DTX Exchange’s core features

As a trading and investment platform, DTX Exchange comes with a wide range of features. The team revealed that the exchange will go live before the presale comes to an end. 

DTX will also launch a layer-1 protocol to compete with industry leaders, including Ethereum, BNB Chain, Solana, and others. The project has raised nearly $1.5 million in its presale, and Solidproof completed a KYC audit. 

As a trading platform, traders can use up to 1000x leverage, which is higher than what is attainable on the leading centralised cryptocurrency exchanges. Furthermore, the DTX exchange will be home to over 120,000 assets, indicating that investors and traders will have access to a wide range of trading pairs. The platform will also introduce Quant and Algo trading as it seeks to attract some of the world’s leading traders. 

Investors focus on DTX’s presale as funding approaches $1.5m

The DTX Exchange presale is currently in its second round and has attracted over $1.4 million so far. Upon launch, DTX is expected to achieve a daily trading volume of $175,000,000 on the exchange from all the assets traded.

With a 0% commission, DTX will raise revenue using other means such as spreads, withdrawal fees, listing fees, staking fees, margin trading, and futures trading. From the $175,000,000 volume, DTX will yield a profit daily of approximately 2% ($3,500,000).

In this current presale round, investors can purchase a single DTX token for $0.04. However, the token price will increase to $0.06 in the next presale round, which commences once the amount raised reaches $2 million. Investors can purchase the DTX token using USDT. 

Find out more about the DTX presale here.

Why should you invest in the DTX project?

In the history of the crypto space, the best times to purchase tokens are either during the presale or during a bear market. DTX Exchange could become a leading trading platform thanks to its proposed products and a layer-1 protocol.

As a VIP presale investor, DTX Exchange will share out of the 2% profit, with 1% distributed as a rebate share among its VIP Presale Investors. The team explained that the rebate share can be paid on a daily, weekly, monthly, quarterly, bi-annual, or annual basis. 

DTX is offering investors various incentives, and its native token could follow the footsteps of other exchange-based tokens like BNB, OKB, CRO, and GT.

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BlackRock’s ETFs surpass Grayscale’s as Bitcoin Dogs prepares to list on three exchanges

Key takeaways

  • BlackRock’s Bitcoin and Ether ETFs have over $21 billion in assets under management, surpassing longtime leader Grayscale.
  • Bitcoin Dogs is set to list on three major exchanges on Wednesday after raising over $13 million during its presale.

BlackRock becomes the king of crypto ETFs

BlackRock, the largest asset management firm in the world, has also become the leader in the digital assets space. According to blockchain intelligence firm Arkham, BlackRock’s digital asset exchange-traded funds have surpassed those offered by Grayscale in terms of total assets under management.

The firm’s IBIT (spot Bitcoin) and ETHA (spot Ethereum) now have $21.6 billion in assets under management, surpassing the $21.3 billion held by Grayscale’s four funds: GBTC, BTC Mini, ETHE, and ETH mini.

This comes as Grayscale’s GBTC has mostly recorded outflows since January, while BlackRock’s IBIT has attracted inflows from investors. 

What is Bitcoin Dogs?

BlackRock’s growing popularity in the digital assets space indicates that more institutional investors are taking up positions in the ecosystem and are looking at new projects to back. 

Bitcoin Dogs is one of the promising projects currently in its early stages. The project seeks to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network.

The team explained that Bitcoin Dogs would ensure that investors enjoy exciting value propositions as they combine the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.

The presale was concluded a few weeks ago, with more than $13 million raised during the process. The team is now focusing on listing the tokens on exchanges while rolling out their products. 

One of Bitcoin Dogs’ primary products is the launch of the biggest NFT mint on the Bitcoin network. The developers want the Bitcoin network to compete with other leading smart contracts blockchains like Ethereum, Solana, and BNBChain. 

Bitcoin Dogs prepares to list on three major crypto exchanges

The Bitcoin Dogs presale was concluded a few weeks ago, and the project raised nearly $13.5 million. According to the information on its website, only 900 million $0DOG tokens were minted. 

Investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem.

Following the end of its presale, $0DOG will be listed on three Tier-1 crypto exchanges in three days. It will go live on Gate.io, Mexc, and Unisat on August 21st at 11 AM UTC.

Listing on these Tier-1 exchanges could see $0DOG become available to millions of investors and traders globally. 

Click here to learn more about the recently concluded Bitcoin Dogs presale.

Should you buy the Bitcoin Dogs token on these exchanges?

With the presale now over, Bitcoin Dogs will only be available to investors on cryptocurrency exchanges. Starting from Wednesday, investors can buy $0DOG from the above-mentioned crypto exchanges. 

However, the decision to invest in Bitcoin Dogs remains that of the investor. In addition to those three, the team is preparing to list $0DOG on several crypto exchanges, allowing millions of investors to access the project. 

The cryptocurrency market has been choppy in recent months and could continue in that manner for the remainder of the year. However, with the Bull Run still in sight, Bitcoin Dogs could be one of the top performers in the coming months and years.

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