Showing posts with label cryptocurrency news. Show all posts
Showing posts with label cryptocurrency news. Show all posts

Lithosphere (LITHO) GameFi Project Jot Art Raises $55 Million Round Led by KaJ Labs, ACP & Psalms Capital to Launch Cross-Chain Metaverse, Finesse RPG Preview Season Goes Live!

KaJ Labs announced that it will award $35 million in grants to the Jot Art (JOT) Metaverse Project. The Jot Art team, led by project supervisor, Raj Kumar, have raised an additional $20 million from Psalms Capital, & ACP.

Jot Art is Lithosphere’s metaverse and the infusion will aid in launching the cross-chain metaverse for the Jot Art play-to-earn (P2E) “Finesse” game. The game series has two chapters, “Shadow Warriors” and “The Kingdom,” that takes place in the same metaverse.

The multi-player platform features high-adventure gameplay with mixed RPG elements. Players upgrade abilities with items from enemies and the environment. The “Finesse” RPG game is now live. Players can access and play the “Finesse: Shadow Warrior Preview Season” via Android and WebGL (browser).

Jot Art will also release a “Finesse” Samurai Genesis NFT Warriors collection with 100,000 unique characters and collectibles, each with different rarity levels on October 1st at 00:00 UTC. Warriors from the Samurai Genesis collection can be used for NFT staking and NFT wrapping. Characters are evenly divided between male and female and into five rarity categories: original, rare, super rare, very super rare and mythic. Only 25,000 characters of the Genesis collection will be available for minting on 2 public chains in the first batch.

A select group of whitelisted addresses will be able to mint one character for free, with minting fees ranging from $25 and up. 

Jot Art and Lithosphere are no strangers to the creation of P2E games or NFTs. KaJ Labs has been active in the mobile gaming industry for many years through Jot Art and the transition to Lithosphere’s unique blockchain allows for greater creativity and innovation. The financial infusion enables the “Finesse” metaverse to grow, evolve, and expand in multiple directions for the future of entertainment.

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About KaJ Labs
KaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We’re driven to create innovative products that work for the greater good around the globe.

Website: https://kajlabs.org

About Lithosphere
Lithosphere is the next-generation network for cross-chain applications powered by AI and Deep Learning.

Website: https://lithosphere.network

About Psalms Capital
Psalms capital is a research company & advisor of innovative blockchain projects.

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Media Enquiries
Catherine Sanders
KaJ Labs Foundation
(707)-622-6168
media@kajlabs.com


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Information Provided via Press Release
The Global Crypto Press Association Crypto Press Release Distribution Services



New Data Shows Majority of Transactions were TOTALLY LEGAL on Now-Banned Crypto 'Mixer' Tornado Cash...

Tornado Cash

Last week we covered news that the US Treasury Department had sanctioned Ethereum's controversial transaction mixer, Tornado Cash, for allegedly enabling money laundering.

This was only the second time the US government has taken such an action against a crypto mixing site.

However, a deep analysis of blockchain transaction data is showing the platform was mostly used for completely legal activities...

In fact, just over 30% of the funds sent to that protocol were used for money laundering, at least according to one blockchain analytics firm. 

Slowmist, which included their findings in a report on blockchain security, using the first 6 months of 2022, they found Tornado Cash received total deposits of 955,277 ETH (worth $1.7 Billion at current prices), with 300,160 ETH being related to potential illegal activity. 

This means that there's no (known) legal issues with approximately 70% of the operations of the platform.

If you read the US Treasury Department's press release announcing the sanction against Tornado Cash, you would have the impression that the site was built for, and only used for illegal purposes.  They described it as “A virtual currency mixer that launders the proceeds of cybercrimes, including those committed against victims in the United States."

For some perspective: If true, the study shows Tornado Cash may equally as popular with criminals as printed US Currency...

If we go by the estimates of Harvard University Professor of Economics Kenneth Rogoff - up to 34% of printed money is currently being used to facilitate illegal transactions.

But if I had to guess what primary factor was in the US government deciding to officially act against Tornado Cash, it would be the news that North Korean hackers, aka the 'Lazarus Group' were also using the mixer to launder crypto the have been obtaining through various, always illegal methods. 

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Author: Mark Pippen
London News Desk 
Breaking Crypto News

Hotbit Exchange DOWN After Authorities Freeze Funds - Company Says: Ex-Employee's Actions Elsewhere Triggered the Investigation, They Are NOT Involved, will soon be CLEARED...

Hotbit down

As a user myself, Hotbit is a fairly good exchange... when it's up.

But I would by lying if I said this wasn't getting annoying. For the second time now it appears users will be locked out for a potential extended period of time, possibly lasting weeks, or months.

Last time (see our coverage here) hackers gained access to their servers, but not access to withdraw any user funds.  It seems like this angered them, so they decided to destroy everything they did have access to - which was basically the entire exchange system.  They were down for weeks.

This time time it wasn't a security breach, but a much wilder explanation:

"The reason is that a former Hotbit management employee who left Hotbit in April this year was involved in a project last year(which was against Hotbit's internal principles and of which Hotbit was unknown) that law enforcement authorities now think is suspected of violating criminal laws. So, a number of Hotbit senior managers have been subpoenaed by law enforcement since the end of July and are assisting in the investigation. Furthermore, law enforcement has frozen some funds of Hotbit, which has prevented Hotbit from running normally.

Hotbit and the rest employees of Hotbit's management are not involved in the project and have no knowledge of the illegal information involved in the project. However, we are still actively cooperating with the law enforcement authorities in their investigations and are continuously communicating with them through our lawyers and applying for the release of the frozen assets. The assets of all users are safe on Hotbit."

As far as when users can access their funds, Hotbit clearly does not know, only saying "Hotbit will resume normal service as soon as the assets are unfrozen" whenever that may be. 

Funds are safe...

Last time I was ready to hear it was all another exit scam and that my funds were gone for good, then the site came back and everything was still in my wallet. So, with fingers crossed, I'm giving them the benefit of the doubt this time. 

According to Hotbit "All user’s assets and data on Hotbit are secure and correct" and they shared this link for more details on how user funds will be handled.  

There is mention of a 'compensation plan' for users, but no details on what that would be based on. 

Those with staked assets and investment product deposits will supposedly continue to earn like normal during this downtime. 

Users with concerns are invited to contact them here.

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Author: Adam Lee
Asia News Desk Breaking Crypto News

US Senate Wants to Know Why Google and Apple REPEATEDLY FAILED to Stop Crypto-Stealing FAKE Apps in their App Stores...

Crypto scam apps

Sherrod Brown, chairman of the U.S. Senate Banking Committee, has asked Apple and Google CEOs Tim Cook and Sundar Pichai to explain why bitcoin (BTC) scams are so prevalent on their platforms.

Brown is requesting information regarding the processes that Google and Apple employ to approve the programs that they provide in their app stores, as many have turned out to be bogus apps meant to steal cryptocurrency from users. Brown further notes that once a scam has been identified, users who downloaded it do not receive notifications of illicit activities.

There have also been several instances of Google search results including 'sponsored results' that were actually decoy phishing sites; this is something we first heard about years ago and continue to hear about every few months.

Brown cites a Federal Bureau of Investigation (FBI) report that warns about the growth of fake mobile applications. Scammers have used this method to steal $42 million worth of cryptocurrencies over the past few months. The letter, posted on the official US Senate website reads:

“According to the FBI, in one case, cybercriminals defrauded at least two dozen investors by creating a mobile app that used the name and logo of a real trading platform. Investors downloaded the app and deposited cryptocurrencies into wallets. Ultimately, the app was fake and the victims of the scam were unable to withdraw funds from their accounts.”

In Apple's case, where their App Store is literally the only way to install any app to the iPad or iPhone, they defend this monopoly saying it's actually beneficial to the consumer, because they can screen and deny any potentially malicious apps.

Experts recommend always downloading crypto-related software from official websites. Take the time to read user ratings and comments when on Google Play or the App Store, especially for products with a low download volume.

The executives have until August 10 to respond, but it is unclear what consequences corporations may face if they do not comply with Senate inquiries.

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Author: Justin Derbek
New York News Desk
Breaking Crypto News


Get $40 Bitcoin for $20 NOW: Click here!


CoinBase Staffer Leaks Info to Brother, Gets Them + Friend CHARGED with INSIDER TRADING - But The SEC May Be Up To Something More...

Coinbase insider trading - Crypto news

According to federal prosecutors in Manhattan,  three men engaged in trades over a period of ten months using advance information about fourteen listings on Coinbase, and earned approximately $1.5 million in illicit gains.

Three counts of wire fraud and one count of wire fraud conspiracy were filed against the men.

According to documents filed on Thursday, federal authorities have filed criminal and civil accusations against a former Coinbase employee and two other men in an insider trading case involving sensitive knowledge regarding bitcoin assets that were due to be listed on Coinbase's exchange.

Former Coinbase Employee at the Center...

Ishan Wahi, who was a member of the Coinbase team that placed assets on the exchange at the time, allegedly disclosed private information about when certain bitcoin assets will be published to his brother Nikhil Wahi and his brother's friend Sammer Ramani.

The brother and friend would purchase shortly before the listing went public, and then sell shortly after.

Ishan and Nikhil Wahi have been arrested - while Sammer Ramani, who resides in Houston, Texas, but is believed to have escaped to India, is wanted by investigators.

It began with a tweet from an individual who noticed strange behavior...

Ishan, who works at a cryptocurrency exchange, may have forgotten that the blockchain is public, as their action was quickly spotted and posted by a Twitter user...

""Found an ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published, rofl"

To their credit, Coinbase treated this matter seriously.

Coinbase Conducts an Investigation...

The source of the leak was found when Coinbase launched an internal probe in April in response to the tweet.

Coinbase CEO Brian Armstrong states, “We have zero tolerance for this kind of misconduct and will not hesitate to take action against any employee when we find wrongdoing” 

A lawyer for the former Coinbase employee asserts that his client is innocent of any misconduct and plans to fiercely defend himself against these claims.

Although this is unconfirmed, it appears that the suspects used Coinbase to fraudulently purchase the coins they were purchasing based on insider information from Coinbase.

My belief is that it was as simple as connecting the surname of the individual who purchased these coins at a suspicious period with the surname of his sibling who worked there.

While he has removed all social media profiles, we were able to obtain this image of former Coinbase employee Ishan Wahi.  We also discovered he co-founded something called 'The Teacher App'.

SEC Sparks Debate with their choice of criminal charges...

This case is trigging debate as the SEC has charged the defendants with a crime connected to fraud in the trading of securities, but whether all the tokens involved are securities is an issue far from settled.

Classifying crypto as securities is basically stating that they are identical to stocks. But what's being debated is that many coins, such as those associated with DAOs, might not be securities. While in the case of coins from a private corporation with a CEO and staff - many may qualify.

However, many argue (and The Global Crypto Press Association officially supports this position) that many coins function more like commodities, like trading gold and silver.

Coins and stocks can have one massive difference - many coins exist without a company behind them. Whether oversight comes from a DAO or other type of foundation that lacks official ownership, or even coins created by a private company but once launched, are truly decentralized - these may begin as securities if they hold a presale, then transform into something else once the company loses control (often called renouncing) to decentralization.

Even with these unresolved issues, the SEC's decision to charge them with a felony based on the assumption that all tokens involved are securities means that if they succeed, they will establish a legal precedent for designating cryptocurrencies as securities.

It is the responsibility of elected officials to discuss and determine such matters; however, the SEC appears to be attempting to reach its own conclusions.

It bothered Coinbase CEO Brian Armstrong so much that he addressed it in a blog post: "No assets listed on our platform are securities, and the SEC charges are an unfortunate distraction from today’s appropriate law enforcement action."

Even more surprising, and rare, is to have a commissioner from another regulating agency publicly agree with Armstrong's opinion that these are the wrong charges - CFTC Commissioner Caroline .D Pham posted a full page letter on Twitter accusing the SEC of "regulation by enforcement" - in other words, attempting to settle debated laws by charging people with crimes and seeing if they stick. 

This and another case involving NFT's are the first ever crypto insider trading cases.

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News



Celsius Sold Over 22,000 Bitcoin Mining Rigs at 50% Discount ( $60+ MILLION Under-value) to Raise Funds FAST...

Empty bitcoin mining racks

This information was confirmed via a source close to or within the company, who will remain unnamed.

Most people were unaware the recently bankrupt crypto lender Celsius was also mining Bitcoin at a fairly large scale- running more than 22,000 ASIC mining devices.  

We say 'more than 22,000' because towards the end of 2021 Celsius said the were expanding their mining operation, and at that point they said they already had 22,000 rigs.

We never heard how many more were added, assuming they followed through with their plans to expand at the time.

Then Market PANIC Triggered a Sell-Off of their Miners - at a HUGE Discount...

Through online auction sites Celsius sold at the mining rigs HALF PRICE of their current value, which highlights just how desperate the company had become. 

It appears they used primarily Antminer S19 Pro models, which you can buy from the manufacture Bitmain at today at $5,940 - but they sold each unit between $2,400 and $3,000.

Sticking with the low estimate of 22,000 mining rigs, it appears Celsius sold their mining rigs at a total discount of over $63 Million.

Taking a $63 Million Loss, to Avoid a $4 BILLION One...

While it sounds insane now, at the time the threat of liquidation was becoming more likely every day - their assets were over leveraged, and as Bitcoin's price dropped they were coming closer to losing everything. 

Raising these funds fast and paying down some of their debt helped them avoid losing all $4.7 billion!

Next time I think I'm having a stressful day at work, I'll think of the decisions the Celsius guys have had to make over these last few weeks. 

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Author: Mark Pippen
London News Desk 
Breaking Crypto News

Tron (TRX) Founder Justin Sun "Ready To Spend $5 Billion" To Help Struggling Crypto Projects...

Tron Justin Sun

TRON founder Justin Sun says since the crypto market's recent downturn, he's received around 100 messages from struggling projects seeking the funding they need to continue.  Binance founder CZ has made a similar statement, so it appears there's a number of struggling projects reaching out to anyone they think could help, in a last ditch effort to stay operational.

Justin Sun says he is willing to review the applications, and adds, "We are ready to spend $5 billion on helping the industry builders to continue building."

The $5 billion is a mix from 'personal funds' and the TRON Foundation... 

"I think the de-leverage process has passed the worst time right now," Justin Sun opined, later emphasizing that he's mostly interested in crypto companies with a "large user base."

Furthermore, we've heard that TRON is in talks with an investment bank aimed at saving select companies.

TRON is one of the few coins that managed to hold up fairly well during the recent downturn - it's price today of $0.065 is actually higher than it was a year ago at $0.060, but still lower than the highest point in 2022 of $0.087.

Currently, it's been battling it out with memecoin SHIB (Shiba Inu) for the #13 rank on the top 100 coins list, where TRX is currently winning. 

Not the only person from crypto, helping to save crypto...

Justin now joins Sam Bankman-Fried, founder of popular exchange 'FTX' who is also helping select deserving projects survive this crypto winter.

Unlike the 'official' finance industry, crypto is saving itself - without taking advantage of taxpayers.

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Author: Justin Derbek
New York News Desk
Breaking Crypto News

Get $40 Bitcoin for $20 NOW: Click here!

From Chaos Comes 'One Of the LARGEST BULL MARKETS in HISTORY'...?

While the return of the bull market may not be 'close' - there's some signs that it is indeed coming. 

We're not alone, many analysts see a positive future ahead, such as senior analyst of Bloomberg's Commodities Division, Mike McGlone, who says "bitcoin could initiate one of the largest bull markets in history."  

McGlone says that between betting on Bitcoin's collapse, or Bitcoin continuing to gain wider adoption, their “bias is that bitcoin adoption is more likely to continue to rise” .

Other Positive Indicators:

Bitcoin being transferred from exchanges to privately owned wallets is considered a bullish sign, it indicates the owner of that Bitcoin is not looking to sell anytime soon. These investors are considered to be HODLing, and waiting for the bull market to return. 

Bitcoin on exchanges
via CryptoQuant: Amount of Bitcoin available on exchanges.

In fact, the supply of BTC being traded on exchanges hasn't been this low in 3 years.

Traders too fearful to notice - the crypto market already stabilized!

Traders are still on-edge from recent market chaos, the 'Fear & Greed Index' currently rates the Bitcoin market as one with 'Extreme fear' meaning indicators taken into account such as volume, momentum, and social media sentiment show traders hesitant to buy. 

Bitcoin has been trading between $19k and $22k for nearly an entire month!

'Hesitant to buy' and 'selling off' are two very different things - and it's gone somewhat unnoticed that the selloff ended weeks ago.

For Bitcoin especially - this is an extremely stable price range to be holding for weeks now.

Lingering fears...

Until last week, the big question mark hanging over the crypto market was lending platform Celsius and concerns it would be next to collapse.  They leveraged their funds through multiple DeFi platforms, concerns that they could be liquidated still owing millions were valid as it would have caused a ripple effect and likely another round of coin prices crashing down.   

However - they've spent the last week paying off large portions of those debts and now is no longer at high risk of liquidation 

So for now, it appears we won't be seeing any additional over-leveraged crypto platforms collapse. 

Unfortunately, the remaining cloud of fear hanging over the crypto market is a massive one that reaches far beyond crypto.  These fears are shared with the world and come from an economy struggling to grow, out of control inflation, rising gas costs, and global conflict. 

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Author: Adam Lee 
Asia News Desk Breaking Crypto News


Crypto Market Gains $52 Billion, Return to $1 Trillion+ Cap in Sight...

Celsius crypto platform saved

In recent weeks, headlines have speculated on the 'collapse' of the loan company Celsius, calling it 'on the edge of a cliff'' and a 'ticking time bomb'.

This sparked fear even in those with no funds held by Celsius - with $8 billion lent out and another $12 billion in assets, if they failed, the effects would be felt throughout the entire market. 

However - it now appears Celsius has avoided catastrophe, and will be among crypto winter's survivors...

Celsius had invested customer funds in many decentralized finance (DeFi) protocols, including Compound, Aave, and MakerDAO.

At the pinnacle of the company's turmoil, Bitcoin would need to drop to about $9,000 for the company's collateral to be fully depleted, triggering the liquidation of their assets.

After spending the last three days settling over $140 million in outstanding loans with MakerDAO, the risk level has been reduced by nearly half - Bitcoin's price would need to drop to $4,996 in order for Celsius to face liquidation.

No technical analysis method predicts a price that low, thus Celsius appears to officially be in the clear. 

Celsius continues to take steps in the right direction...

Customers of Celsius are sharing a sense of comfort upon hearing this latest news. Since June 13, they have been unable to withdraw their cash or move funds to other accounts due to the company's liquidity crisis.

Seen by inspecting one of Celsius' Ethereum addresses on a block explorer, they are also transferring funds to other DeFi platforms where they have commitments, such as Compound and Aave.

At least currently, it appears Celsius is truly striving to restore services to it's customers and return to regular operations as soon as possible. 

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

MAJOR SECURITY FLAW in Metamask... Discovered By 'Good Hackers', Fixed Before Bad Ones Could Use It!

Metamask security hole

The world's most popular Crypto wallet Metamask announced they have patched a security hole that potentially could have been a DISASTER.

Thankfully, it was first discovered by 'good hackers' who immediately informed Metamask of the flaw, and told them how to fix it.  Going by the name 'The United Global Whitehat Security Team' (UGWST), the organization was able to claim a $120,000 reward for finding the vulnerability.

Metamask tells us that there were no users affected by this vulnerability. UGWST seems to be the first and only to discover it, and they only shared their findings with Metamask.

The strategy consists of camouflaging malicious code on a site so that the user clicks on it without realizing it. For example, if you fall into clickjacking , by clicking "Play" on a video you could be conferring access to your funds in a wallet.

Metamask developers immediately fixed it...

Only users of the browser extension were ever at risk, but this is the most popular method of accessing Metamask wallets.  The hackers demonstrated launching Metamask an iframe (that is, a website within another website) and setting it to 0% opacity, in other words in a completely transparent window - user would have no idea it existed.  Then it's a matter of tricking the user to click specific locations on their screen, unaware they're actually pressing an invisible button that confirms a transaction.

It could look like a pop-up ad, but the 'X' to close it is actually the button to confirm sending all your Ethereum to someone, for example.

Make Sure You're Up To Date...

By default Metamask automatically updates, but double check yours to be safe.  Open Metamask, go to 'settings', then 'about', and make sure you have version 10.14.6 or above.

If any of those numbers are lower, you need to update. 

Hacking for good can be a profitable venture...

Metamask awarding the bug finders $120,000 is a very common practice, virtually all major players in tech offer a 'bug bounty' giving hackers an alternative, completely legal way to turn their discoveries into profit. 

UGWST, the organization that discovered this has also helped Apple, Reddit, Microsoft, and performed security audits for Crypto.com and OpenSea. 

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News / Dimefi Review

BoomLand & Polygon Studios Partner Up in an Exciting Collaboration for the Blockchain Gaming World!



Top Web3 Blockchain Gaming Platform, BoomLand, will enable millions of gamers to experience intuitive GameFi via a Polygon-based Supernet ecosystem in a new collaboration with the leading blockchain...

Mobile Gaming Company, BoomLand, is today delighted to announce their partnership with Polygon Studios, one of the leading global blockchains. BoomLand is the first dedicated Web3 publishing gaming platform, metaverse, and Play And Earn ecosystem built on Polygon’s Supernet technology. 

As two major brands, this is a landmark partnership for the development of Web3 gaming and will bring Polygon’s Supernet technology to BoomLand players. First to launch from BoomLand’s roster of Web3 games will be ‘Hunters On-Chain,’ a Play And Earn mobile game, supported by an NFT lending and borrowing marketplace to support the “free-to-play” model.

BoomLand was founded as a Web3 Gaming Platform, focused on publishing great games in partnership with its initial content provider, BoomBit, one of the fastest-growing mobile gaming studios in the world, with 33 million monthly active users, 200+ games published, and over 1 billion downloads to date.

Opting to build on Polygon’s newly unveiled Supernets network, BoomLand seeks to mitigate congestion issues, remove high gas fees, and reduce latency concerns through an efficient and fast blockchain ecosystem that will run via a Decentralised Publishing Organization (DPO). Using the native $BOOM token, users will be able to contribute to governance functions and decide how the ecosystem evolves.

Hannibal Soares, CEO of BoomLand, commented: “BoomLand is designed to evolve gaming experiences into a Web3 format that fosters a player-first economy. By building on our own dedicated chain, we’re able to abstract the complexities of blockchain while still providing the core benefits such as verifiable digital ownership, secondary markets, and Play And Earn rewards.”

This partnership marks the historic first deployment of a blockchain publishing and gaming ecosystem on the Polygon network via the Supernet infrastructure. Acting as highly customizable sub-chains, Supernets allow developers to deploy decentralized applications via a bespoke configurable network without having to build their own infrastructure.

Steven Bryson-Haynes, VP of Business Development, NFT & Gaming at Polygon Studios, said: “BoomLand will be critical in introducing new, non-blockchain native users to Web3 gaming. We’re incredibly excited to bring them into the budding Supernet ecosystem and eager to see what they can create.”

Polygon Studios is accredited with working with some of the top blockchain-based companies, Web3 and NFT projects, including OpenSea, Decentraland, Sandbox, and Decentral Games, and is home to more than five times more gaming and NFT dApps than any other chain outside of the Ethereum main chain. 

About BoomLand
BoomLand is a cutting edge Blockchain Gaming Platform delivering a new gaming experience. The vision is to create a fresh Web 3.0 Community for players by players, with its own Marketplace and Play And Earn ecosystem that is accessible for all. In BoomLand's Metaverse, players will connect directly with game developers and with one another and help steer the course for the future of the Platform. Fun Blockchain games are finally here!

About Polygon Studios
Polygon Studios aims to be the home of the most popular blockchain projects in the world. The Polygon Studios team is focused on supporting developers building decentralised apps on Polygon by providing Web2 and Web3 teams with a suite of services such as developer support, partnership, strategy, go-to-market, and technical integrations. Polygon Studios supports projects from OpenSea to Prada, from Adidas to Draft Kings and Decentral Games to Ubisoft.


For the latest information about BoomLand go to:

https://www.boomland.io/

https://twitter.com/BoomLandGames 

https://linktr.ee/BoomLandGames 

Watch the Polygon News video here.

 

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Information Provided via Press Release
The Crypto Press Association | Crypto Press Release Distribution

JPMorgan Chase Says Bitcoin Currently UNDERVALUED By 28%...

JPMorgan Chase Bitcoin

JPMorgan is telling clients that getting in to Bitcoin at current prices could have major upside for them down the line. The bank believes bitcoin is undervalued by 28% and has set a price target of $38,000 for the coin, which is currently fluctuating at about $29,000.

"We thus replace real estate with digital assets as our preferred alternative asset class along with hedge funds" they wrote.

Last summer, JPMorgan began offering six crypto funds to its wealth management clients, allowing them to diversify their portfolios with bitcoin exposure.

Bitcoin sank below $26,000 for the first time since December 2020 earlier this month.

"We see upside for Bitcoin and crypto markets in general going forward" says strategist Nikolaos Panigirtzoglou.

But the pain isn't limited to crypto, as seen last week when the NASDAQ 's market lost more than Bitcoin. In both cases, inflation fears are being blamed.

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Author: Justin Derbek
New York News Desk
Breaking Crypto News

Get $40 Bitcoin for $20 NOW: Click here!

Support for TWO New Protocols Are Coming To Uniswap...

Uniswap adds Gnosis and Moonbeam.

Uniswap, the largest Ethereum-based decentralized exchange, and second layer solutions such as Optimism and Arbitrum, as well as Polygon, an Ethereum sidechain.

Following the community's approval of the proposed changes and confirmation of the needed votes, Uniswap will also launch on two other networks: Gnosis and Moonbeam.

"The vote had almost unanimous approval for both networks"
said a UniSwap Labs spokesperson. 

Gnosis and Moonbeam will be the first Ethereum-independent networks that Uniswap will support. However, because these are two networks are compatible with the Ethereum programming languages and smart contracts, the implementation process should be straightforward.

Moonbeam and Gnosis have agreed to make financial contributions to Uniswap before they go live on the platform.

In the case of Moonbeam, $2.5 million will be donated for the purpose of granting scholarships, and Gnosis will contribute $10 million to provide liquidity to the exchange in its network.

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Author: Adam Lee 
Asia News Desk Breaking Crypto News

DimeFi Review PLUS Claim an Easy $20 in Free Crypto...

Dimefi Review and Dimefi promo code invite

So far, we've been impressed with this new trading app with some real potential - so today we're going to do a basic overview and review of DimeFi

We should mention upfront - this is for US residents only, and so far they're able to operate in 43 states you can see listed here, and the Android version of the app hasn't launched yet - so you'll need an iPhone or iPad currently. 

It is fairly typical for a start-up in crypto found having to wait on some states with backed up or slow permitting processes. But it also shows you they're doing everything legit - they're already registered  with FinCEN of the US Treasury Department, and the Money Services Business (MSB).

As you can see, we're sharing this one VERY EARLY, the platform isn't even fully launched yet - if you do check it out you'll be among the first people to see it.  Not only giving our readers early access in this DimeFi review, but also a promo code invite link that will get you some free crypto.

Buy $20 Worth Of Any Of The Currently Supported Coins, Get ANOTHER $20 FREE!

You MUST signup via this link to get the $20 bonus!

If you signed up without using the special invite link above, you can contact support including the link, and tell them you mean to join via the invitation that includes the $20 bonus. 

Current coins to choose from are:

- Bitcoin

- Ethereum

- Litecoin

- Bitcoin Cash

- Solana

- Luna

- Avalanche

- USDC

No Trading Fees, plus the first time we've seen CASH BACK earned on every trade you make!

DimeFi is connected to multiple exchanges around the world and finds and executes the best price available, all without charging any commission fees!

Then when the transaction completes (usually instantly) it will come with some cash back! Yes, you get paid to trade here!

- Earn 25x what Banks Are Paying in Interest, When you leave Stablecoins on DimeFi...

Daily payouts!

Earn 12% APR on USDC you store on DimeFi!

Every coin they support will earn you interest just for leaving it there, but USDC pays the highest. Only you can decide what to do with your funds - either actively trade cryptocurrencies, or swap any coin they support into USDC stablecoin and to earn highest interest rates.

Your finds are protected by multilayer security.

DimeFi VS Donut 

Another growing platform for earning interest on crypto is 'Donut' - but they max out their earnings at 8%.  So clearly DimeFi is the winner among new earning apps, beating them with their offer of 12%

The DimeFi team is the same engineering team that built Uber's in-house risk-detection system for its billion-dollar cash-flow business.

- Get paid daily and withdraw funds any time for free.

Interest is compounded and paid daily. You may withdraw your funds at any time, either to your bank or an external crypto wallet address. 

We're Not The Only Ones Impressed So Far - Check Out These Reviews for DimeFi....

It already has 4.7 out of 5 stars with little over 100 DimeFi reviews, this could be the next big crypto app!

Dimefi review 1Dimefi review 2Dimefi review 3

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News / Dimefi Review

Announcing: Go MetaRail Club NFT Drop #1...

Go Metarail Crypto News

HOUSTON, USA  // Go MetaRail the metaverse travel and crypto exchange network, is thrilled to announce our first NFT drop! Go MetaRail Collection #1 will consist of 5,000 unique train NFTs speeding along the Polygon blockchain, providing both utility and value to our holders.  

Our NFT collection will be available to mint in early April 2022 and is expected to sell out rapidly. But there is still time to be whitelisted for this event. Join our Discord server, where all whitelisting qualifications will be described.

Of course, owning your very own shiny Go MetaRail train NFT should be a reward enough - who doesn’t love trains? But there is a lot more to it than a pretty 3D train NFT!

Go MetaRail Club (GMRC)

The purchase of just one Go MetaRail train NFT allows entry into our exclusive GMRC, providing insider perks with all partners in our network. By purchasing NFTs you will join one of these exclusive GMRC levels:

- Bronze:  1 NFT

- Silver:  3+ NFTs

- Gold:  5+ NFTs

- Diamond:  10+ NFTs

As a GMRC member, you will receive Exclusive metaverse deals and giveaways from our partners which increase at each level!

Here is what you can look forward to:

- Airdrops

- Whitelist spots

- MATIC giveaways

- In-game NFTs

- Beta/early access to games

- Access to cool GMRC merch

- Exclusive minting windows for future collection releases

None of this takes away from Go MetaRail’s original purpose of being the metaverse bridge that will connect our futures, and our kiosks and gates will be released for travel along our entire network as per the original purpose set out in our Whitepaper. 

Go MetaRail needs you all - and everyone you know - in order to get this train up and running! We believe in rewarding our community. So, while we are drawing maps, building stations, laying tracks, driving spikes, and greasing the wheels of the Go MetaRail engine, what better way to include all of our present and future metaverse travelers in the joy of our journey? 

How can you be a part of the fun? Join our Discord channel for all whitelist details! Soon you will be holding your very own shiny new Go MetaRail train NFT! Details and sneak previews will only be available on Discord, so keep your eyes peeled! 

For More Info:
Site: 
gometarail.io
Discord: gometa.promo/35PErOI
Twitter: twitter.com/GoMetaRail
Medium: gometarail.medium.com
Telegram: t.me/gometarail

All Aboard, and HAPPY MINTING!

Contact: Doe Augustine
pr@gometarail.com
Co-Founder and CRO, Go MetaRail
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Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution


Aurus Activates Ecosystem Rewards – Earn Gold, Silver, and Platinum on the Blockchain...

 

Aurus crypto

UNITED KINGDOM / APRIL 11 2022 / Aurus, the digital metals advocate empowering precious metals with blockchain technology has today launched its highly-anticipated reward system as part of its V2 Ecosystem upgrade. Investors in AurusDeFi (AWX) and Aurus precious metals partners will start earning passive rewards in Aurus precious metals-backed tokens: AurusGOLD, AurusSILVER, and AurusPLATINUM. 

Tokenization is the digitalization of an asset such as gold on the blockchain, where each token represents (fractional) ownership of the underlying asset. In the case of Aurus, 1 AurusGOLD (AWG) is 1:1 backed by 1 gram of physical gold, stored in audited and insured vaults globally.

Empowering Precious Metals with Blockchain Technology

Aurus provides a Tokenization-as-a-Service solution to the precious metals industry, enabling established precious metals dealers to tokenize their gold, silver, and platinum bullion on the blockchain. Aurus precious metal tokens offer investors the opportunity to own physical precious metals, easily, 24/7, and at minimal cost via the newly launched Aurus Mobile App

Upon activation of the fee system, Aurus bullion providers will start paying token minting fees, while modest transaction fees are charged to investors of tokenized precious metals. The fee structure is as follows: 

AurusGOLD (AWG)

- Transaction fee: 0.18%, Minting fee: 0.5%

AurusSILVER (AWS) and AurusPLATINUM (AWP)

- Transaction fee: 0.18%, Minting fee: 1%

Aurus Ecosystem Rewards – Launching April 2022

All accumulated Aurus token fees are proportionally distributed to Ecosystem stakeholders. With the launch of AWX Stake & Claim, 50% of AWG and 30% of AWS and AWP fees are distributed to the holders of AWX tokens. Aurus minting partners receive the other 50% of AWG and 70% of AWS and AWP fees for allocating precious metals to the platform. 

AurusDeFi (AWX) is the Aurus Ecosystem utility token limited to a total supply of 30 million units. AWX entitles its holders to earn ongoing rewards in Gold (AWG), Silver (AWS), and Platinum (AWP) based on the activity and fees generated within the Aurus Ecosystem.

“Everything is going digital. With Aurus, we at Direct Bullion can offer our clients a new digital product and execute frictionless settlements starting from as little as 1 gram. We are able to attract new customer demographics and access recurring revenue streams, instead of one-off premiums” — Paul Withers, CEO at Direct Bullion

“Everyone should have access to a reliable form of wealth. Aurus is democratizing access to precious metals by facilitating easier and cost-efficient ownership through blockchain technology. Creating a more inclusive and efficient precious metals market.” — Guido van Stijn, Managing Director at Aurus

About Aurus

Aurus provides the software, network, and crypto infrastructure for global precious metals businesses to merge with the future of finance, in the form of DeFi and Web3 applications — offering high-tech products, a huge addressable market, and passive revenue streams.

Website: www.
Aurus.io

Media Contact:
Jelle Rijnink - Marketing Manager
jelle.rijnink@aurus.io


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Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution

LIVE NOW - The World Blockchain Round Table Podcast - Earn Tokens For Participating!

World Blockchain Round Table

Every Thursday at 11am EST (8am PST) is the World Blockchain Round Table. 

Featuring multiple guests every week taking your questions in a roundtable discussion format.

The Global Crypto Press' own Editor In Chief, Ross Davis, appears regularly as well.

You'll soon hear that even among the experts in the crypto industry, there's multiple ways to see the same topic - the round table format allows for a wide range of opinions and viewpoints to be shared.

How To Tune In...

Go to http://wbrt.org every week will forward you to the current live stream on YouTube.

You can find the live stream and listen to past episodes by going directly to Dragonchain's YouTube Channel.

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San Francisco Newsroom / Breaking Crypto News