Schlagwort: crypto business

• Ape Terminal, one of the top IDO platform’s in the market, has cancelled crypto betting platform ZKasino’s IDO.
• This unfolds as the broader crypto community is showing greater resilience amid Bitcoin’s halving.
• A few projects are however attracting as much attention as new crypto trading solution Bitbot.

As Bitbot matches towards a highly successful presale, investors flocking to it are likely buoyed by what the project promises in the wake of events surrounding ZKasino, a decentralized betting network.

While the ZKasino team says the project will still launch as expected, it’s likely to face challenges with regard to community trust after the rug pull allegations and exchange listing delays. 

Bitbot brings non-custodial trading and anti-rug pull features to crypto

Bitbot is one of the few emerging crypto projects that are pushing for market dominance. In particular, Bitbot’s eyes are on the Telegram bot space, which analysts have predicted could explode as crypto prepares for the bull market proper.

What makes Bitbot stand out in the market is its pioneering non-custodial trading feature.

PAAL AI, Banana Gun, PaLM AI and Unibot have seen significant success since their launch. However, none of these solutions offer the industry-leading security that Bitbot pioneers with its non-custodial Telegram bot.

When the bot launches in coming months, users will not only have the peace of mind of retaining full control of their assets as they trade, but also tap into additional security layers provided by anti-rug pull and anti-MEV tools.

So it’s not just Bitbot’s non-custodial solution or its AI-powered trading tools, but also the protection users can get with the anti-rug pull feature. Bitbot team’s transparency also adds to this positive outlook for the project, likely the reason the presale has raced to over $2.7 million.

Ape Terminal cancels IDO for ZKasino (ZKAS)

Following concerns around a potential rug pull, IDO platform Ape Terminal announced it had cancelled ZKasino’s initial DEX offering.

Ape Terminal’s statement comes after ZigZag, a decentralised P2P orderbook exchange, published concerns about ZKasino and a potential $32 million rug pull.

Meanwhile, ZKasino participants have reportedly been unable to withdraw their money as the platform’s team has moved all 10,515 ETH from the deposit contract to Lido.

Amid these allegations, some exchanges have announced paused listing plans of the ZKasino token ZKAS. Crypto exchange MEXC announced it would cancel ZKAS listing on Saturday.

A lot of FUD going around.

The ZKasino network will still go live, it has been delayed due to exchange listings.

— ZKasino (@ZKasino_io) April 20, 2024

Ape Terminal said on April 21 that participants who opted into the crypto betting platform’s DEX offering will receive a refund of their assets. Stablecoin claims are open, the platform posted on X.

Bitbot presale could be key opportunity

The Bitbot native token BITBOT will power the new trading bot, providing users with another investment opportunity. Top of this is the chance to earn a share of platform revenue. Other perks are outlined via the project’s whitepaper.

Currently, BITBOT token is priced at just $0.0163 in stage 11. As highlighted in the project’s whitepaper, the presale price is scheduled to rise to $0.020 in stage 15, the final presale stage.

Bitbot’s launch will see it stand out as the only non-custodial Telegram trading bot in the market. Already, there’s a strong community building around the project as its presale moves towards an end and the next few weeks could be an early opportunity for investors.

To learn more about Bitbot, go to the official website.

The post Bitbot gains as Ape Terminal cancels ZKasino IDO appeared first on CoinJournal.

• Hedgey Protocol suffers $44.7M loss in dual cyber attacks.
• The protocol was targeted on both Arbitrum and Ethereum chains.
• Hedgey advises users to cancel active claims, revoking approvals amid the ongoing investigation.

Hedgey Protocol, a decentralized finance (DeFi) platform, finds itself in the throes of a cyber siege after suffering a devastating attack that resulted in a staggering loss of $44.7 million across the Arbitrum and Ethereum blockchains.

Cyvers Alerts, a leading cybersecurity watchdog, uncovered the vulnerabilities exploited in the attack, raising urgent concerns about the security landscape within the DeFi ecosystem.

Hedgey Protocol hacked on Arbitrum and Ethereum chains

Cyvers Alerts revealed that the attack targeted Hedgey Protocol on both the Arbitrum and Ethereum chains, with $42.8 million and $1.9 million stolen, respectively.

According to Cyners Alerts, the attackers swiftly converted the stolen funds into DAI, complicating recovery efforts. Furthermore, additional transactions on the Arbitrum chain signalled potential vulnerabilities within the ecosystem, necessitating prompt action.

In response, Hedgey Protocol acknowledged the attack and they have said that they have launched a comprehensive investigation into the breach, working closely with security experts and auditors to understand the attack’s root cause.

As the investigation unfolds, Hedgey Protocol issued urgent advisories to its users, urging them to cancel active claims and revoke all approvals to mitigate the risk of further exploitation. They recommended an immediate review of approvals while the investigation progresses to ensure users’ security and prevent any potential loss of funds. Additionally, users were warned to remain vigilant against scammers attempting to capitalize on the situation, emphasizing the importance of cautious online behaviour.

Security Alert: We’re investigating an attack on the Hedgey Token Claim Contract. If you have created active claims, please cancel them using the „End Token Claim“ button at https://t.co/Tt7Aq0n2dh.

We are are actively working with our auditors and team to understand the attack…

— Hedgey 🦔 (@hedgeyfinance) April 19, 2024

The Hedgey Protocol cyber attack underscores the interconnectedness of DeFi platforms and the imperative for robust security protocols in the evolving landscape of decentralized finance.

As stakeholders collaborate to address vulnerabilities and enhance security measures, the incident serves as a stark reminder of the ongoing challenges posed by cyber threats in the digital asset space.

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• Telegram co-founder and CEO Pavel Durov announced the plans at Token2049 Dubai.
• The tokenization project will use the TON blockchain.
• Toncoin price rose as TON Foundation and Tether partnered to bring USDT to TON blockchain.

Telegram is taking a major step in its blockchain technology adoption with a new effort announced today during Token2049 Dubai.

The popular messaging app’s co-founder and CEO Pavel Durov revealed this next step on Friday.

According to Durov, the company’s tokenization journey now includes plans to tokenize Telegram stickers and emojis as non-fungible tokens (NFTs).

Telegram plans tokenized stickers

Telegram’s initiative follows the notable success of tokenized usernames and anonymous numbers. Already, users can earn up to 95% of revenue that comes from the sale of the unique usernames.

Tokenization is the next step in Telegram’s growth, Durov said, highlighting the role blockchain technology is set to play in this. The project will “exclusively” leverage The Open Network (TON) blockchain, the Telegram CEO noted.

Commenting on the success recorded so far, Durov said:

“We don’t want to stay there. We want to go further. You see, we believe in socially-relevant NFTs. We believe in NFTs that are deeply integrated into human culture, into human interaction, into our communication. NFTs that you can see tens of billions of times and have a lot of potential to spread virally. These are the right NFTs. That’s why the next step that we are going to undertake is tokenizing Telegram stickers.”

Toncoin (TON), the native token of TON blockchain, soared in recent months after Telegram rolled out its ‘Ad Network’. Users can now pay for in-platform adverts, with the initiative offering a 50% share of ad-revenue to channel owners and creators.

Earlier today, TON price rose sharply to $7.20 amid the NFT news. The token’s value also gained after news that stablecoin issuer Tether had launched its USDT on the TON blockchain.

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• 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.

• 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.

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