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Press Release

Binance announced the 47th project on Binance Launchpool – Portal ( $PORTAL )

by Ouess
written by Ouess

Binance the famous crypto exchange , has announced on its platform that it will start farming for the $portal coin

Binance has announced that the ‘èth project of Binance launchpool will be PORTAL which is a cross-chain gaming platform with a mission to onboard more players to Web 3.0. 

Users will be able to stake their BNB and FDUSD into separate pools to farm PORTAL tokens over seven days, with farming starting from 2024-02-22 00:00 (UTC).

Listing

Binance will then list PORTAL at 2024-02-29 10:00 (UTC) and open trading with PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD and PORTAL/TRY trading pairs.

About $PORTAL

$portal is the native platform coin for the portal platform. $portal acts as a nexus of web3 games and gamers, providing game distribution and player simplicity for all.

you can check all the information abut $Portal via its official website

https://www.portalgaming.com/portal-coin

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Press Release

Private Presale started of Wheriz Token: A Solana-Based AI Technology that will Revolutionize Shopping !!

by Ouess
written by Ouess

Introducing $Wheriz Token: Bridging AI and Blockchain for Seamless Shopping

In the dynamic landscape of digital innovation, the fusion of artificial intelligence and blockchain technology continues to redefine everyday experiences. Enter $Wheriz Token, a Solana-based cryptocurrency poised to revolutionize the way we navigate shopping environments. Anchored by the Wheriz project—an ingenious voice assistant technology—the token promises to streamline the shopping experience in supermarkets, malls, and festivals worldwide.

https://wheriz.pro/

Scheduled for launch at the end of this year, $Wheriz Token’s private presale kicks off today, marking the beginning of an exciting journey towards a more efficient and convenient shopping future. With the private presale set to run for a week followed by a public presale, enthusiasts have the opportunity to secure their stake in this groundbreaking project.

As the presale draws to a close, Wheriz Token will make its official debut on the Solana network, tapping into the momentum of the thriving Solana ecosystem. Leveraging Solana’s robust infrastructure, the token is poised to ride the wave of Solana’s popularity, offering users fast transactions and scalability.

But Wheriz Token is more than just a cryptocurrency—it’s the cornerstone of the Wheriz project’s vision for the future of shopping. By holding Wheriz Tokens, users gain access to a range of features within the Wheriz ecosystem, including the ability to book advertising space on Wheriz touchpads. This innovative approach empowers businesses to connect with consumers in real-time, revolutionizing traditional advertising models.

Behind the scenes, the Wheriz project is driven by a team of dedicated computer scientists with a passion for both cryptocurrency and AI. With over a year of development under their belts and previous success in launching other tokens, the team is well-equipped to navigate the complexities of the crypto landscape.

Committed to the success of both the Wheriz project and $Wheriz Token, the team aims to push the boundaries of innovation in both the crypto and AI realms. With a shared vision of revolutionizing the shopping experience, $Wheriz Token and the $Wheriz project are poised to reach new heights in the digital world.

Wheriz Social :

https://wheriz.pro/

telegram account :

https://t.co/LRlgt7H58i

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Press Release

Pixels (PIXEL) on Binance Launchpool! the 46th Project

by Ouess
written by Ouess

Introducing Pixels (PIXEL) on Binance Launchpool! Farm PIXEL by Staking BNB and FDUSD

Binance has announced the 46th project on Binance Launchpool – Pixels $Pixel a social web3 game built on the Ronin Network. You can check the official announcement via this Link :

https://www.binance.com/en/support/announcement/introducing-pixels-pixel-on-binance-launchpool-farm-pixel-by-staking-bnb-and-fdusd-c055fa89dda84402b7b662f13b80fffe?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

Users will be able to stake their BNB and FDUSD into separate pools to farm PIXEL tokens over ten days, with farming starting from 2024-02-09 00:00 (UTC).

Binance will then list PIXEL at 2024-02-19 10:00 (UTC) and open trading with PIXEL as a Seed Tag.

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Story

Bitcoin Creator Claim Disputed: Australian Scientist Faces Allegations in London Court

by Ouess
written by Ouess

An Australian computer scientist, who asserts he is the creator of bitcoin, testified in a London court on Tuesday, refuting allegations that he fabricated documents to support his contentious claim. Craig Wright maintains he authored a pivotal 2008 white paper under the pseudonym “Satoshi Nakamoto,” the foundational piece for bitcoin.

However, the Crypto Open Patent Alliance (COPA) has brought Wright to court, aiming to prevent him from suing bitcoin developers and uphold the open-source nature of the cryptocurrency. COPA seeks a ruling from London’s High Court to disprove Wright’s assertion as Satoshi Nakamoto, alleging he repeatedly produced falsified documents to back his claim, only to backtrack when the fabrications were uncovered.

Wright denies relying on fraudulent records, shifting blame to former lawyers and associates for any fabricated documents. The 54-year-old commenced the first day of his testimony in a high-stakes hearing, marking the culmination of years of speculation surrounding Satoshi Nakamoto’s true identity.

During questioning, COPA’s lawyer, Jonathan Hough, queried Wright about forging or falsifying documents to support his claim as Satoshi Nakamoto, to which Wright adamantly denied any wrongdoing.

Numerous alleged forgeries were presented to Wright, including an academic paper with handwritten notes that Wright cited as influencing his choice to adopt the pseudonym Satoshi Nakamoto. COPA contends that the document contains a forged timestamp, with visibly different fonts to suggest it predates the bitcoin white paper.

In response, Wright maintained his innocence, asserting he did not forge the document and stating, “If I forged that document, it would be perfect.”

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Altcoin

Chainlink’s Soaring Surge: Breaking into Top 10 Cryptocurrencies Amidst Market Dynamics

by Ouess
written by Ouess

Chainlink (LINK), the cryptocurrency, has experienced a remarkable surge of 9%, surpassing the steady performance of Tron (TRX) and sparking conversations about its potential to enter the coveted top 10 cryptocurrencies by market capitalization.

With LINK’s price reaching $18.45, its market capitalization has now exceeded $10 billion.

LINK USD 7day Source : coinmarketCap

On the other hand, TRON’s modest gains haven’t been enough to keep up.

In terms of other major coins:

  • Bitcoin ( $BTC) has shown a mild change in the last 24 hours but exhibits positive weekly performance, indicating a resilient yet gradual increase in investor confidence.
  • Ethereum ( $ETH), the second-largest cryptocurrency, has experienced a slight dip in the past day but maintains a positive outlook for the week.
  • $BNB and Solana ( $SOL) have both shown positive weekly returns, hinting at potential growth among altcoins.

However, $XRP’s significant weekly decline raises questions about its immediate future in the volatile market, particularly after being heavily impacted by a massive hack affecting its co-founder, Chris Larsen.

Regarding Chainlink’s rise: Chainlink’s LINK token has reached a 22-month high at $18, marking the end of a three-month consolidation period and potentially paving the way for a sustained upward trend.

Market analysts emphasize LINK’s strength, particularly in comparison to major players like Bitcoin and Ethereum. Additionally, Chainlink plays a crucial role in the crypto infrastructure by connecting blockchains with essential external data through its oracles.

This essential function underscores its potential for further growth, with some analysts predicting a market value of tokenized assets reaching $16 trillion by 2030.

Notably, Chainlink has recently secured strategic integrations across platforms like Scroll, further solidifying its position in the cryptocurrency landscape.

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Press Release

Binance announced that they will list PYTH Network

by Ouess
written by Ouess

Binance will list Pyth Network (PYTH) and open trading for these spot trading pairs at 2024-02-02 12:00 (UTC).

Binance has announced today that they will be adding the PYTH Network $PYTH to their platform

What Is Pyth Network (PYTH)

Pyth Network is a decentralized first-party financial oracle delivering real-time market data on-chain in a secure, transparent manner without third-party middlemen (nodes).

You can check the announcement via the official Binance site :

https://www.binance.com/en/support/announcement/binance-will-list-pyth-network-pyth-with-seed-tag-applied-f36074f9caa6474fa44fdb18503183d6

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Story

All you need to Know about Jupiter’s token $JUP Launch and Meow explanation

by Ouess
written by Ouess

Jupiter’s native token, JUP, entered the market swiftly on January 31st but encountered substantial sell-offs in the past 24 hours following the airdrop. As of the latest update, JUP is trading at $0.5859, reflecting a notable 63.7% decrease in its price.

The question on everyone’s mind is whether Jupiter’s price will see a resurgence. Post-airdrop, JUP’s price initially surged to $1.27, as reported by CMC. The initial offerings were set at $0.41, and during this period, JUP’s price tripled, reaching a market value of $1.72 billion. However, this uptick was followed by a sharp correction of 60%, accompanied by a spike in trading volumes to $1.3 billion.

JUP USD Coinmarketcap Chart

JUP USD 1 hour chart Source : DexTool

Airdrop Official X shared details about the Jupiter token and the airdrop, highlighting that the total supply of JUP is an impressive 10 billion. A substantial portion of the 955,000 wallets engaging with Jupiter before November 2nd are eligible for the airdrop. The distribution plan involves strategically allocating 40% of the total token supply over four rounds, with the first round covering 10% or 1 billion tokens.

Interestingly, a 17-year-old reportedly earned a remarkable $1,000,000 following the Jupiter airdrop.

While no major issues were reported by 7Layer following the initial stage of the airdrop, users did encounter difficulties in the first minutes. Discussions on Solana’s Discord server noted challenges with wallets and RPC nodes struggling to meet user demands, especially in the initial 30 minutes of the airdrop.

Meow Jupiter co-founder have confirmed that “The launch pool is there for 7 days to absorb any selling pressure from airdrops or buyer’s remorse, which I believe to be sufficiently long.” and that “There no selling after 7 days. All tokens in launchpool (both usdc/jup) will be either in the team treasury or used for LP.”

In conclusion, the trajectory of Jupiter’s trading volume could significantly impact long-term price expectations. Potential investors in JUP should exercise caution, considering the risks associated with potential inflation stemming from the excitement around the airdrop. This inflation may render JUP susceptible to downward pressure. A drop in Jupiter’s price to $0.40 could present an opportunity for astute long-term investors.

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Press Release

FTX Exchange Announces Full Customer Repayment Amidst Bankruptcy Proceedings, FTT Token Surges 11%

by Ouess
written by Ouess

Following the announcement, the FTT token saw a significant 11% surge in value nad then it dipped.

FTX, the cryptocurrency exchange facing bankruptcy and formerly overseen by Sam Bankman-Fried, revealed its intention to fully reimburse customers during a recent court hearing.

Reports from Reuters, quoting legal sources, indicate that the defunct exchange has abandoned attempts to revive its platform due to a lack of interested buyers.

In the wake of this news, the native token of the exchange, FTT, experienced a noteworthy increase of over 11% on Wednesday.

It’s worth noting that Bankman-Fried faced allegations of misappropriating customer funds, leading to the collapse of the exchange in late 2022.

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Press Release

Unlocking Innovation: The tea Protocol’s Incentivized Testnet Launch on February 21st, 2024

by Ouess
written by Ouess


The eagerly awaited Incentivized Testnet from The tea Protocol is set to launch on February 21st, 2024, marking a significant milestone in the protocol’s mission.

The tea Protocol is designed to seamlessly connect Web2 open-source codebases to Web3, promoting sustainability and ensuring equitable rewards for open-source developers. Beyond this, tea extends a warm invitation to developers, offering access to its incentivized community of vulnerability reporters and compatibility with major package managers such as Homebrew, npm, APT, Crate, PyPI, RubyGems, and pkgx.

Starting February 21st, 2024, The tea Protocol becomes open for interaction, welcoming contributions from all open-source developers who can now earn rewards for their valuable input. Not limited to developers, all community members, including non-developers, are encouraged to engage with The tea Protocol through a series of incentivized activities on the blockchain.

This crucial step toward the tea Protocol’s launch enables participants to immerse themselves in the fully composable open-source ecosystem it has created.

The Incentivized Testnet, a Gateway to Mainnet Success

The impending Incentivized Testnet stands as a pivotal juncture in the tea Protocol’s journey toward establishing a robust Mainnet on the Base blockchain. This Testnet phase is essential for ensuring the development of a thriving, efficient, and secure network for all participants.

Key Features of the Incentivized Testnet to Explore on tea.xyz

  1. Waitlist Availability: The limited opportunity to join the incentivized testnet waitlist, starting on February 21st.
  2. Insight into $TEA Tokenomics: A detailed exploration of the economic model driving the protocol, offering clarity and in-depth understanding.
  3. Comprehensive Documentation Access: Extensive resources providing a thorough understanding of the protocol.
  4. Insight into teaRank for Projects: Projects can assess their position in the open-source ecosystem and determine eligibility for rewards.
  5. tea Points Accumulation: The Incentivized Testnet introduces challenges and quests for both developers and non-developers, facilitating the accumulation of tea points.

Participating in the Incentivized Testnet and exploring tea.xyz presents an opportunity to be part of a groundbreaking movement in open-source software. It’s a chance to engage with a forward-thinking community, gain insights into tea’s tokenomics, and leverage the teaRank system for project visibility and rewards.

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Story

FTX’s Financial Resilience: Recovering $2.1 Billion Through Cryptocurrency Sales Amidst Bankruptcy

by Ouess
written by Ouess

According to Bloomberg’s analysis, FTX, the cryptocurrency exchange platform that has been in bankruptcy since November 2022, managed to recover $2.1 billion between October and December 2023 through the sale of its cryptocurrencies.

FTX Selling Cryptocurrencies to Repay Customers

Based on Bloomberg’s assessment of FTX’s Chapter 11 operating reports, the bankrupt exchange platform recovered $2.1 billion between October and December 2023. In preparation for repaying its clients, FTX and its subsidiaries, including FTX Trading Ltd and Alameda Research, nearly doubled their dollar reserves, increasing from $2.3 billion to $4.4 billion in the last two months of the past year.

On December 8, 2023, FTX disclosed in a court filing that it had recovered $1.8 billion by selling some of its cryptocurrencies. According to Bloomberg, the platform continued these sales, recovering an additional $300 million in December 2023.

FTX’s Solutions for Repaying Creditors

Although the exchange platform’s operations are suspended, FTX continues to incur legal fees of $1.3 million per day. Simultaneously, its liquidators are working to find the best solutions to repay its creditors.

Source : Bloomberg

Since the Securities and Exchange Commission (SEC) approved Bitcoin Spot ETFs, FTX reportedly sold all its shares of GBTC, Grayscale’s Bitcoin ETF, thereby recovering nearly $1 billion through the transaction.

This sale adds to the $5 billion in cash withdrawn from GBTC since the approval of ETFs, a dynamic that significantly contributed to the decline in the price of Bitcoin (BTC).

In November 2023, FTX filed a lawsuit against Bybit, another cryptocurrency exchange platform. Bybit had withdrawn the equivalent of $953 million in cryptocurrencies before FTX filed for Chapter 11 bankruptcy, making the bankruptcy official. This case is still ongoing.

Despite plans to relaunch its services, FTX remains relatively pessimistic, not expecting to fully repay its clients. One of the solutions considered by the liquidators is to reimburse clients at the value of their holdings at the time of the bankruptcy.

This method would allow FTX to repay all its clients, given the significant increase in the value of most cryptocurrencies since the platform’s bankruptcy. However, this solution doesn’t satisfy all clients, whose funds have been locked for over a year, representing a significant financial loss for them.

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