A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency […]

PRESS RELEASE. When people talk about technology, the first thoughts are cell phones, applications, or equipment; but you rarely recall Sim Cards. Those small cards people often despise, thinking that they are only chips that you use to call or have data. Contrary to this, Sim Cards store much more information than you imagine, storing […]

Six days ago, the securities regulators from New Jersey and Texas cracked down on the cryptocurrency lending platform Celsius. Additionally, the Alabama Securities Commission joined in and filed a cease and desist order against Celsius. Now the state of Kentucky is following suit and has filed a cease and desist order against the crypto lending […]

On September 21, former Bitcoin developer Gavin Andresen published an interesting blog post about “a possible [Bitcoin] future.” The blog post details a theoretical situation for the Bitcoin network in 2061, where most [bitcoin] transactions don’t happen on the [Bitcoin] network. A Theoretical Look at $6 Million Dollars per Bitcoin and the Year 2061 Following […]

Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for New Korean Crypto Regulations Expires Friday Registering with Korea’s Financial Intelligence Unit (FIU) is […]

The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments. […]

Blockchain developers can find it very daunting to attract an audience these days, when so many new ventures are hitting the market at an ever increasing pace. This is why Smart Marketing Token stepped up to help projects with promotion, so they can reach all their goals and spread the word about blockchain technology around […]

Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims […]

The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank of Russia Blacklists Crypto Platforms As part of its […]

According to the findings of one study, nearly 91% of deaths from natural disasters recorded between 1970 and 2019 occurred in developing countries. This study adds that such a high number of deaths is largely due to a lack of early warning systems and disaster management protocols. Using Blockchain to Store Climate Data It has […]

The Cardano summit is scheduled to begin tomorrow, Saturday, September 25th. The summit is scheduled to run for two days, the 25th to the 26th, and promises to be a one-of-a-kind event. Meetups are available in six locations around the world. But the summit will feature both live and virtual events where anyone from around the world can attend. Local groups are also available with community-led events. Events at the Cardano summit are split by the worlds they fall into. Currently, the summit features seven different worlds in which individuals can choose to participate in. These worlds include Cardano World, Utility, Impact, Governance, Adoption, Catalyst, and Community. Related Reading | Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed The Cardano community is still giddy with the recent launch of smart contracts capability on the network, and with good reason. This summit promises some bigger announcements following this incredible feat. Details of what might be expected from the team are still sparse. So right now, it really is a waiting game as the opening of the summit draws closer. The partly virtual event features avatars for participants to communicate with one another. While also featuring notable keynote speakers from the crypto space that will speak throughout the two-day summit. In addition to these will be the availability of limited edition NFTs minted on the blockchain to be collected throughout the summit. Founder Charles Hoskinson will provide the live opening keynote across all seven worlds to mark the beginning of the summit. Hydra 2, DeFi, And The Cardano Network Cardano recently announced the launch of the Hydra Layer 2 solution that will enable developers to build and deploy their decentralized apps (DApps) in a safe and secure environment. With the launch of Hydra, Hoskinson tweeted that more information will be available about the solution at the summit. More information about decentralized finance (DeFi) protocols launching on the network, with updates expected from decentralized protocols like Minswap and SundaeSwap, which are both built on the blockchain. Related Reading | Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green Founder Charles Hoskinson celebrates how far the blockchain has come up until this point. “The Cardano summit 2021 follows the launch of smart contract capabilities on Cardano, and a remarkable six years of intensive development and perf-reviewed academic research to create a third-generation blockchain platform which is not only eco-friendly but provably secure,” the founder said. ADA price trending above $2.1 | Source: ADAUSD on TradingView.com Future exploits by the developer are expected to be announced at the summit. Alongside how the project plans to bridge the gap when it comes to decentralized finance. The summit is open to participants from all around the world and sign-up is free at https://summit.cardano.org/. Featured image from Beinchain, chart from TradingView.com

The crypto community is locked in debate over: Is Bitcoin in a bull or bear market? The debate will rage on until either a new high or new low is made. The current price action is bearish, which gives the impression that sellers are in charge. The news cycle, and sentiment doesn’t help the picture for bulls. But there is one “theory” that suggests a lower low won’t be made. Mapping Out From The Bear Market Bottom To The Bull Cycle Top Recently, Elliott Wave International held an Open House on their Crypto Pro Group led by analyst Tony Carrion. Tony nailed the recent 20% crypto market plunge as part of a C-wave and a short-term call. A longer term play looks ahead toward a positive Q4, where the analyst expects a wave five to develop and “greater price appreciation to occur.” If it fails to do so, then the pattern might not be valid. Related Reading | Build Base Or Bust? Bitcoin Touches Down On Parabolic Support The recent accurate call of a C-wave prompted a deeper analysis of the longer term play. According to Elliott Wave Theory a primary motive wave consists of five waves, with odd-numbered impulse waves following the primary trend. This is Bitcoin we’re talking about, so the primary trend has almost always been up. A new motive wave and series of impulse waves began at a bear market bottom. Waves two and four are also bearish consolidation phases that move counter to the trend. Tony’s idea is that the run up in early 2019 was wave one, wave two ended with Black Thursday (take note of this), and wave three ended at $65,000 in April. Wave four should move sideways, while wave two was sharp | Source: BTCUSDT on TradingView.com Why Bitcoin Bears May Salivate Over New Lows Forever What isn’t yet clear, is when wave four ends, and wave five begins. However, when reviewing some facts regarding Elliott Wave rules and guidelines, along with several important factors related to the current market cycle, things begin to fit the mold. The best argument bears have for more downside in Bitcoin, is a crash back to $20,000 and a lower low scenario – because that’s what happened after the 2019 peak to Black Thursday. However, Elliott Wave rules state that wave two and four will alternate in severity. Out of wave two and wave four, one correction will be sharp, the other sideways. Looking at the top and bottom of the last correction, sharp is an understatement, especially compared to the most recent “top.” Each impulse wave also behaves similar with five smaller sub-waves | Source: BTCUSDT on TradingView.com If wave two was sharp, then wave four will be sideways, according to the alternation in an impulse rule. “It primarily instructs the analyst not to assume, as most people tend to do, that because the last market cycle behaved in a certain manner, this one is sure to be the same.” Related Reading | Astro Crypto: Summer Bitcoin Slump Could Bring Bountiful Fall Harvest Also as part of the alternation rule, wave one, three, and five will alternate to a certain degree. Elliott Wave theory says that wave one and five will made in both time and magnitude, especially have wave three was an extended wave. When comparing what would be wave one with wave three, it is easy to see how extended wave three would have been. All of this information suggests that there won’t be a lower low, and wave five should rally around 350% from where wave four ends. This is all great news for bulls who were hoping for $100,000 Bitcoin. The only problem? When it is all over, if the pattern is accurate, the worst bear market ever is coming next. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

One of the threats that the crypto community face is the attack of cybercriminals. Many exchanges, projects, and apps often face one vulnerability exploitation or the other. Recently, BSC-based cross-chain pNetwork lost at least $12.7 million of tokenized Bitcoin to attackers. They have joined the many networks targeted and exploited by hackers in the crypto industry. Related Reading | September Leaves Behind Trail Of Blood, Bitcoin Long Liquidations pNetwork promotes digital assets movement throughout different blockchains. Just like several other wrapped token protocols, they allow users to mint pBTC through deposits of BTC in a smart contract. This process allows the users to migrate their BTC value away from the Bitcoin platform and place it on EVM-compatible chains. The information about the hack went live through a Twitter announcement by pNetwork, lamenting the loss of up to 277 pBTC. From the tweets, we learned that the hackers made away with most of pNetwork’s collateral. According to the pNetwork team, the hackers exploited a bug within the network’s codebase. The tweet reads: “They attacked pBTC on BSC, siphoning up to 277 bitcoin which is serving as collateral. But other bridges weren’t touched, though, since the other funds are intact.” pNetwork Team To Fix The Problems According to the pNetwork team, they are already fixing the problem. They also offered $11.5% of the siphoned funds to the hackers if they could give back the funds stolen. They went ahead to address the black-hat hacker, “We are ready to offer a reward of $1,500,000 if they can give back the stolen funds.” Right now, there are no updates from the pNetwotk team concerning the exploit. They are yet to talk about plans to pay back the users who were affected by the theft. Effects Of The Hack After the exploit, the pNetwork’s PNT governance token has fallen down within the last 24 hours. pNetwork has lost almost 8% of its price in last 24 hours following the hack | Source: PNTUSD on TradingView pNetwork is not the only cross-chain platform that has fallen victim to these exploits. For instance, THORChain, a decentralized exchange, was also the victim of hackers last July. Following the first hack, the platform suffered another hack that was worth $8 million. However, THORChain was fortunate to be hacked by a “white hat” hacker, who promised to give back the stolen funds for a reward of 10% out of the stolen funds. Binance Smart Chain has experienced so many unexpected exploits this year. The list of the BSC theft victims includes pNetwork, Belt Finance, BurgerSwap, Spartan Protocol, SafeMoon, Meerkat Finance, Uranium Finance, Bogged Finance, bEarn, Cream Finance, and PancakeBunny. Related Reading | Bears Lose Hold On Market As Bitcoin Breaks $44,000, Crypto Market Tops Up $200 Billion Moreover, there was another record-breaking Poly Network hack early in August. This hack resulted in a loss of $253M from BSC and above $600M in total losses. Luckily, the hacker gave back almost all the stolen funds. Featured image from Revain, charts from TradingView.com

The crypto market has been subjected to major sell-offs since assets began to crash across the board. September which has been a historically bloody month for the market has stayed true to nature as various cryptocurrencies suffered crashes that dragged the market down. Due to this, over $1 billion longs have been liquidated in the market since Monday. Billionaire Mike Novogratz was on CNBC to talk about the current market trends. But unlike most investors in the market, Novogratz does not seem at all worried about the numerous price dips rocking the market. Mike Novogratz is the CEO of Galaxy Digital, a hedge fund that manages assets ranging from traditional assets to cryptocurrencies. Nothing To Worry About Talking about the sell-off in the market, Novogratz explained that tensions were high in the space due to the current regulations talks by the SEC. He pointed to the developing Evergrande crisis, which Tether had been linked to, as also contributing to the sell-offs, which had put investors on edge. The CEO also pointed to long positions that were a little too optimistic, saying, “I think the market got itself a little too long. Related Reading | September Leaves Behind Trail Of Blood, Bitcoin Long Liquidations Novogratz sees the current market dips as a buy-the-dip opportunity. Simply stating, “I’m not nervous” in response to the bleeding market. In addition, the billionaire sees the Treasury introducing stablecoins which are going to be backed by Fed banks. “That’s going to be something we watch over the next week to three months.” Crypto Market Holding At Critical Levels Noting the crash, the CEO pointed out that the top two coins in the market had held at their critical positions. Spelling good news for the market. Following the Monday crash, bitcoin had held above $40,000 and Ethereum held up above $2,800 and Novogratz said, “As long as those hold, I think the market is in good shape.” Related Reading | Bears Lose Hold On Market As Bitcoin Breaks $44,000, Crypto Market Tops Up $200 Billion Both these assets had recorded massive losses following Monday’s opening. And bitcoin alone had seen over $800 million long positions liquidated in response to this. Ethereum had not fared any better in the market as the bloodbath had spilled over into altcoins. But despite this, the billionaire remains bullish on the market. Another important factor for the billionaire was the amount of both public and private capital that was pouring into the space. At the beginning of the interview, Novogratz had mentioned that the crypto market had moved on from the story of bitcoin but has moved on to Web3. And investors, in a bid to not miss out on what could very well be the next internet, have funneled more and more money into the space. Crypto total market cap falls back to $1.8 trillion | Source: Crypto Total Market Cap on TradingView.com Featured image from Investopedia, chart from TradingView.com

After its highly anticipated marketplace launch, Bored Ape Yacht Club Tron and APENFT Foundation joined forces through a strategic partnership meant to incentivize further the development of promising NFT works on the Tron ecosystem. This collaboration arrives as BAYCTron kicks off its Mutant Apes minting campaign. A series of 15,000 primate-inspired collectibles have been put up for sale following a stunningly fast minting of 10,000 unique artworks earlier this month. With its first collection, Bored Ape Yacht Club Tron supported by Palmar Labs placed itself among the fastest-selling collections on Tron network, only second to Tronmeebits. “Counting on the support of APENFT Foundation means a great deal for us. I believe anyone who’s been following the development of the NFT landscape on Tron knows that APENFT has done a great job at identifying the best projects out there, such as Tpunks or Tronmeebits. Now, our unique apes are part of that well-curated selection of artworks,” said Carolina Matusso, CMO at BAYCTron. The APENFT Foundation is a curotial project focused on registering world-class artworks as NFTs on blockchain. With a team comprised of leading experts from Christie’s and Sotheby’s, the foundation has managed to get hold of truly distinctive NFT pieces by Pablo Picasso and crypto artists Beeple and Pak worth over $30 million. 🥳🥳Pleased to announce we have established strategic cooperation with @BAYCTron which becomes another TRON NFT project after Tpunk and Tron Meetbits. It is the first public support object since APENFT announced the establishment of NFT Special Fund. @Tronfoundation @BitTorrent pic.twitter.com/CrQyDCy408 — APENFT (@apenftorg) September 22, 2021 When referring to BAYCTron, APENFT wrote on Twitter: “It’s the first support object since APENFT announced the establishment of NFT Special Fund.” According to the company, the $100 million fund was created to “invest in and support quality projects in fields including NFT, GameFi and Metaverse.” In a recent press statement, APENFT also confirmed that it will provide active assistance to these supported projects in the areas of marketing and strategic product development. Shortly after the official announcement, Tron founder and CEO of BitTorrent, Justin Sun, shared the news with his 3+ million Twitter followers. The Chinese American entrepreneur has been actively showing support for the biggest NFT projects on Tron network, such as Tpunks and Tron Meebits, and now Bored Ape Yacht Club Tron. Earlier this year, the tycoon has purchased Joker-themed Tpunk for a whopping $10.5 million. As of this writing, BAYCTron holds firmly within the Top 3 most popular NFT projects on Tron network by the number of holders, leaving far behind the previously mentioned art players.   As formerly reported, BAYCTron holders now have a live marketplace to list, buy, and sell their beloved apes. And as of this week, Bored Ape fans can also benefit from bidding functionality, which unleashes the ‘true fun’ for marketplace adepts. While more NFT artists and collections are added to Tron, Bored Apes continues to make noise with its Mutants collection. Just as in the first series, the minting cost is fixed at 1000 TRX with the possibility to execute the operation both from web browsers or mobiles. While this might not seem like a ‘big thing’, paying attention to the user experience can be a rewarding choice in a sometimes very dry crypto sphere.

Dogecoin’s price has dropped almost 10% following China’s statement that crypto transactions and services are illegal in the nation. As China Declares Crypto Transactions Illegal, Dogecoin Plunges Almost 10% According to a report from Bloomberg, China’s central bank has put out a statement saying that all crypto transactions and services are illegal in the country. The central bank, called The People’s Bank Of China (PBOC), has announced that the ban includes activities like derivatives trading and exchange services offered by offshore organizations. Following the news, most of the cryptos have noticed a sharp drop in their price as investors panic sell. Dogecoin’s price has tanked almost 10%. Here is a chart showing the trend in the price of the coin over the last day: DOGE's price crashes down in response to China's crypto ban | Source: DOGEUSD on TradingView As you can see in the above graph, Dogecoin’s price was around $0.222 before the announcement, but it dived down sharply all the way to a $0.196 bottom after. Related Reading | Mid-Cap Altcoins Hold Onto Highs Better Than Bitcoin And Ethereum Since then, DOGE has recovered a bit as its price is now around $0.202. Though, it’s not clear at the moment if that was it for the crash or if the price will move further down. Bad Month For DOGE As Coin Loses Over 36% In Value It has been a pretty bad month for Dogecoin as the crypto has seen many moves down in the period leading to a loss of over 36% in value. The below chart highlights how DOGE’s price has changed during this period: Dogecoin keeps on falling off before a significant recovery can be made | Source: DOGEUSD on TradingView During this period, DOGE has also lost significant trading volume as the coin has fallen down to the number 10 cryptocurrency in terms of market cap. Related Reading | Bitcoin.org Hacked By Scammers For A Few Minutes. Someone Sent Them 0.4 BTC Here is a table showing the top 10 coins by market capitalization: DOGE is now last in the top 10 crypto list | Source: coinmarketcap As you can see in the table, Dogecoin’s market cap has declined to just $26 billion. Although this figure is $11 billion clear of the 11th largest cryptocurrency, DOGE’s place in the top 10 list could still be in danger if the coin keeps on declining like this. The recent state of the memecoin has made some believe it could be losing steam as its daily transactions count has also dropped to levels not seen since 2017. This shows a lack of trading activity on the blockchain that hasn’t been seen since 4 years. Some others believe that the meme status of Dogecoin means it will once again explode in popularity and make a come back eventually. Featured image from Unsplash.com, charts from TradingView.com

Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure. This sent Bitcoin and Ethereum back to their critical support zones. At the time of writing, ETH trades at $2,842 with an 8.2% and 20.4% loss in the daily and weekly charts, respectively. Ethereum technical indicators turned red as the price retraced south of the $3,000 territory with momentum in favor of the bears. However, the Relative Strength Index (RSI) remains neutral at a 39.51 value. Related Reading | TA: Ethereum Lacking Bullish Momentum, Why ETH Holders Are Safe This could suggest a reversal in the current trend if combined with the fact that the FUD coming from China was already price-in by another portion of the market. Trader Rekt Capital commented the following on the price action and those affected by “FUD from China”: BTC investors who have been in the market for a while have heard many different iterations of FUD from China. But newer investors, unarmed with this experience, are the ones who are affected most. Their panic selling is what is fuelling this recent downside. What Could Trigger A Rebound On Ethereum? Ethereum’s recent low stands at $2,652, the price is reached at the beginning of the weak on the back on the potential default of Chinese real state company Evergrande. Thus, why ETH’s price must hold that level in case of further downside. For the bulls to have a fresh shot at reclaiming the $3,000 area, Ethereum must close the daily above $2,900. The Exponential Moving Average (EMA – 10) could be the next objective from there standing at $3,136. In the short term, strength in Bitcoin or Ethereum could push the market back to the green. The first cryptocurrency by market cap has bullish fundamentals that could benefit the entire crypto market. Related Reading | As Ethereum Price Suffers, JPMorgan Strategist Hits The Asset With A 55% Lower Valuation As pointed out by Glassnode founders Jan Happel and Jann Allemann, the Relative Transfer Volume Breakdown, a metric used to measure transaction volume in the market, suggest that institutions are still betting big on Bitcoin (BTC). Alleman and Happel said: Bitcoin transaction volumes continue to reflect big money moving in the space. Institutional sized capital ($1M+ transaction sizes) represent around 82% of settled volume over the past week. Note the growth in institutional size capital really kicked off since October 2020. In addition, as pseudonym trader LilMoonLambo said, banking giant JP Morgan seems more bullish on Ethereum than Bitcoin. The bank has been dabbing into crypto for a while and their estimates for ETH and BTC mini futures are optimistic for the bulls.

“Decentralized finance is the future. Cryptocurrency helps people live in a community without the traditional middleman expenses. It provides equal opportunities for everyone.” – Ider-Od, co-founder of IHC. Mongolia is a landlocked developing country, sandwiched between two giant neighbors – China and Russia, located in the center of the Asian continent, far away from seas, oceans, and most importantly, from international trading networks. It is also the 17th largest country by its territory, with a land richly endowed with natural resources. Nevertheless, its unfavorable geographical position has prevented the country from becoming an export-oriented economy and achieving sustainable economic growth. Moreover, Mongolia’s economy, which is the 132nd largest based on its gross domestic product, has experienced the worst setback since its economic transition in the early 1990s due to the strict COVID-19 restrictions imposed by the government over the past two years. Five entrepreneurs, Ider-Od Bat-Erdene, Erkhembayar Byarsaikhan, Gantig Bayarmagnai, Munkhjin Otgonbaatar, and Munkh-Erdene Burenjargal, are seeking innovative solutions for achieving economic growth and alleviating poverty by making cryptocurrency the main driving force for generating and bringing wealth into the country. “Cryptocurrency is borderless. It is the key solution for countries like Mongolia for tackling economic issues. We want to empower the powerless by keeping big money, government, and federal banks in check to provide equal opportunities for everyone.” – Gantig, co-founder of IHC. With over 100 billion token orders fulfilled after its launch at 11 a.m. on August 25, the Inflation Hedging Coin (IHC), a new cryptocurrency created by tech-savvy entrepreneurs, broke the internet. Within just 30 seconds, thousands of enthusiasts invested 10 million USD in the newly created tokens, making it one of the fastest-selling cryptocurrencies in the world. IHC released 100 billion tokens with 25 billion equally placed on four different cryptocurrency exchanges: coinhub.mn, trade.mn, complex.mn, and dax.mn. IHC has a total supply of one trillion coins, of which 100 billion are now publicly owned. It took only 11 seconds on DAX, 43 seconds on Coinhub, 1 hour on Complex, and Trade for people to buy up all the available tokens, with two of the platforms crashing and overwhelmed by over 100 thousand visitors. Based on blockchain technology, Inflation Hedging Coin aims to introduce an ecosystem of financial services, including seamless transactions. IHC founders share a vision for creating a decentralized solution to combating inflation.   Image by jorono from Pixabay

Derivatives exchange Bitget announced the launch of King’s Cup Global Invitational (KCGI). According to the announcement, the contest has set up a prize pool of 100 BTC and 500 million BGB as well as other custom-made prizes. The registration will open from 20 October to 4 November (UTC+8), and the competition will start from 10:00 am on 30 October to 10:00 am on 20 November (UTC+8). It is reported to be an annual event for global elite traders held under the principle of unity, fairness and competitive spirit. “This contest aims to provide a level playing field for trade lovers. The competition rules are very user-friendly. All traders are welcome to participate in this game,” says Sandra, Bitget’s CEO. Total Prize Pool: 100 BTC The competition includes Team Battle and Individual Competition, each with a prize pool of 50 BTC, adding up to a total of 100 BTC. The prize of Team Battle or Territory Battle will depend on the number of teams.1-100 teams will unlock 10 BTC. 101-300 teams will unlock 20 BTC, 301-500 teams will unlock 30 BTC. 500+ teams will unlock 50 BTC. A captain can form a team to join the battle if there are more than 30 team members. During the registration period, eligible users can pick their favorite captain to win rewards through futures trading. The total prize pool will be divided among the ten teams with the highest profits. Within each team, the captain can receive 10% of the team’s total prize. The remaining prize will be distributed among other players according to the proportion of their profits. The 1st place will receive 30%, 2nd place will receive 20%, the 3rd place will receive 10%, and the 4th-10th places will share the remaining 30% according to the proportion of their profits. Among them, the top 7 team captains in terms of revenue can also get customized NFT. For teams ranked Top3 by trading profits, the top3 profit contributors in the team can each receive a PS5 game console. Individual Competition is divided into Super Leaders (ranking by PNL%) and Super Heroes( ranking by profits) sessions. The total prize pool is 50 BTC each, which will be released according to the number of participants. 10,000 participants will unlock 5 BTC, 10,000-20,000 participants will unlock 10 BTC, 20,000-30,000 participants will unlock 20 BTC, 30,000+ participants will unlock 50 BTC. The total prize pool will be shared by the top 10 teams/participants with the highest PNL% and profits respectively. In each session, the top 1 can share 40%, the second place will share 20%, the third place will share 10%, and the 4th-10th places will share the remaining 30% according to their proportion of trading volume or profits. Top3 traders can also receive DJI drones or HHKB keyboards, etc. It is worth noting that users participating in the Team Battle are also qualified to join the Individual Competition and share the prize. Special Benefits: 5 million BGB To attract more regular and new users, there are also additional events such as City Assembly, Lords Assembly, Airdrop for All, Lucky Lottery, Post-Competition Bonus and Early Bird Benefits, offering a total of 5 million BGB. All participants have the chance to win cool electronic devices and NFTs featuring the competition. City Assembly: For the division with the most winning seats in Territory Battle, all the participants within the division will receive an airdrop of 50BGB on a first-come, first-served basis. The total supply of the airdrop is 500,000 BGB. Lords Assembly: Lords (Captains) of the team will unlock the BGB rewards pool if they can obtain active users. The Top1 team’s rewards pool will be doubled. Within each division, the Top10 captains in terms of obtaining new users will get an exclusive benefits package from Bitget to be “signed” as the co-ambassador for the next trading contest. Participants whose total trading volume reaches 50,000 USDT during the competition will receive an airdrop of 99 BGB by following our official Twitter and joining our Telegram. The total supply of the airdrop is 1 million BGB. Users can earn points by completing tasks. For every 3 points accumulated, participants will be qualified for the “Lucky Lottery” to draw from meebits NFT, HTC-VIVE VR glasses, DJI drones, PS5 game consoles and HHKB keyboards. At the end of the competition, participants who have a net deposit of 2000 USDT and a cumulative trading volume of no less than 500,000 USDT during the contest will receive 1 chance to draw an exclusive NFT custom-made for Bitget’s first trading competition. In addition, Bitget has prepared Early Bird Benefits. Captains who sign up and complete their team formation 5 days before the competition will receive 50 USDT trial funds for futures prior to the contest, While Individuals who sign up 5 days before the competition will receive 20 USDT. Theme for KCGI-2021: Fight Pixel Intrusion The theme for KCGI 2021 is “Defend the Earth against Pixel Invasion”. It tells a story of how the quantum civilization six light-years away plans to attack the Earth with its advanced weapon that can rapidly transform entities into pixels. Seven young people from different countries form the strongest battle team, each mastering one of the seven different elemental skills: silicon, gold, earth, wind, water, fire, and thunder to defend the Earth. Bitget used this as a backdrop to create a set of NFT artworks representing the different forms of energies and objects in the story. The collections will be given as prizes to the Captains and lucky users who performed well in the Team Battle.  About Bitget Bitget is among the fastest-growing derivatives exchanges, with 1.6 million registered users worldwide and an average daily trading volume of $5.6 billion. With the mission of Better Trading, Better Life, Bitget is committed to offering liberal, ultimate and fair trading services, including futures trading, spot trading and digital asset purchasing. As a platform in pursuit of perfection and innovation, Bitget has pioneered to launch three flagship products of USDT-Margined Futures, One-Click Copy Trade, and Quanto Swap Futures to provide the best services to users. It is now the six-largest derivatives exchange and the largest crypto asset copy trading platform in the world.

Cryptocurrencies are highly volatile assets. Even Bitcoin, the most valuable cryptocurrency in the world by market capitalization, is still subject to 20% to 30% swings in price on any given day. This despite the fact it is the pioneering crypto project responsible for birthing the entire blockchain technology industry beginning with the publishing of the original Bitcoin whitepaper by Satoshi Nakamoto way back in 2008. Today, cryptocurrencies offer investors and users all kinds of benefits and built-in utility, including self-executing smart contracts, decentralized finance projects that pay out a higher annual yield than a centralized bank would ever give to a customer, non-fungible tokens that provide owners with social status and the potential for huge profits, and more. Although each of the above benefits of cryptocurrencies stretches well beyond a basic decentralized peer-to-peer payment system like Bitcoin, they don’t necessarily fit the goals of every investor. There is an in-between investor that still wants their cryptocurrencies backed by real-world assets such as precious metals. That’s where Asia Broadband (OTC: AABB) comes in. Why Clients Are Choosing Asia Broadband Asia Broadband supplies both precious and base metals mined in Mexico to clients across Asia. The company is in its 25th year of doing business. It is publicly listed in the United States and allows clients to benefit from the vertical integration of its value chain. The company’s move into cryptocurrency marks an adventure into uncharted waters. But for clients, it marks an opportunity to benefit from the flexibility, security, and transparency offered by cryptocurrencies while giving them exposure to perhaps the most tried, tested, and true hedging instrument in all of human history; Gold. Given gold’s history and the fact that blockchain technology is now in its 13th year of existence, tokenizing precious metals is not a new concept. There are several other competitors serving customers in the gold-backed crypto market. So why are investors choosing Asia Broadband over other options? It’s because unlike other players in the market, Asia Broadband is not a crypto-first company. It’s a publicly traded mining company available to investors via the over-the-counter market under the stock symbol AABB with over $100 million in assets. That means it’s one of if not the only company in the gold-backed token sector of the crypto market that gives investors access to gold in a “mine-to-token” fashion. All of this is accessible through the AABB Gold Token, which lives on the Ethereum blockchain and is ERC-20 compliant. Why The AABB Gold Token is Both the Present and the Future of Gold-Backed Cryptocurrencies The minimum price of the AABB Gold Token is always linked to the spot price of gold at any given moment. Investors worried about the potential of currency debasement coming to fruition because of exorbitant money printing by governments around the world in response to the coronavirus pandemic now have a way to separate themselves from that possibility. Not only is Asia Broadband actively mining precious metals just the way it has been for the last 25 years, but it also maintains a minimum of $30 million USD worth of physical gold in its reserves at any given time. The company is pledging to use third-party sources for gold only when it is necessary, with its own physical reserves and mining operations offering investors precious metals exposure while they hold the token and benefit from any increase in market demand. The fact that the token is 100% backed by gold and investors will benefit from the vertical integration of Asia Broadband offers a very clear value proposition no other market participant can. The overwhelmingly positive reception of the token is a reflection of that. Over $1 million worth of tokens were sold in the first two weeks of the token’s launch and more than 9,000 active users are currently holding over 245,000 tokens. Asia Broadband is committing wholeheartedly to giving investors an entirely new way to balance their interest in both cryptocurrency and gold. The time to benefit from a one-of-a-kind “mine-to-token” project like AABB Gold is now.  

Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.

Since 2009, China and Hong Kong have "banned" or otherwise caused FUD in the crypto space on 18 separate occasions.

Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.

An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage" over other cryptocurrencies for the foreseeable future.

Bitcoin and altcoins made a sharp downside move to their recent lows after news that China banned crypto trading surfaced.

Layer-two's surge to new heights, Bitcoin and DeFi EFT applications and Sushi's mistaken bug — all coming to you this week in Finance Redefined.

16 million people in Yemen — including 400,000 children under the age of five — already face food supplies at critical levels.

REN, CELR and CVC ignore the market’s bearish reaction to China’s new crypto ban by posting double-digit gains.

Morgan Stanley exec claims that Bitcoin continues to rise from the dead like the cartoon character Kenny in South Park.

After several hesitant months, altcoins are now outpacing the flagship asset.

In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse.

RenPSG to allow charities to accept more than 45 different cryptocurrencies including Bitcoin, Ether and Dogecoin.

The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware.

The second-largest cryptocurrency falls 13.30% versus Bitcoin's 9.38% decline as China's move scares investors away.

Unlike Russia, Ukraine has passed laws that will ease the adoption of cryptocurrencies within the country.

The Chinese central bank is setting up a “coordination mechanism” with state agencies to continue battling crypto.

Old news suddenly gets picked up on social media, sparking an instant crypto price crash.

Kraken’s Marco Santori points to the adversarial stance taken by some crypto firms toward regulators.

Twitter’s stock feels the benefit of the “orange pill” as surging stocks add to positive tailwinds for Bitcoin.

PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins.

As part of its partnership with Arca Labs, Securitize will help launch tokenized financial products for the firm, starting with Arca’s registered tokenized treasury fund.

Mining Ether on a home PC can be done, but profits will be few and far between.

While crypto has weathered past hacks, scams and crashes, acting OCC head Michael Hsu warns that the risks may be multiplying as the technology goes mainstream.

Ether futures are currently trading at a premium as investors make the switch from Bitcoin-based products.

Coinbase CEO Brian Armstrong has stated that the SEC won’t meet with the firm while asserting that 50% of Washington officials are concerned over the risks of crypto.

Losing the $3,000 mark just days before Friday's $1.55 billion ETH options expiry nearly doomed Ether longs, but derivatives data shows bulls are still in favor.

Increasing trading volume at Uniswap, a rising TVL and upgrades to its DeFi platform were followed by a new all-time high from LCX.

Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service.

Are stablecoins really stable? An in-depth case study based on the third-biggest stablecoin in the world answers the industry’s most pressing concerns.

Avalanche is rapidly redefining the DeFi landscape with lower costs and faster transactions. Should Ethereum holders worry?

Hot news: These changes have happened in the last hour.

In the last one hour Bitcoin is leading the record of among the most popular crypto-currency in the trading ecosystem, it has an decrease of -0.33% from its previous value from 6631.875 dollars now at 6609.990 dollars exchange rate. Next to Bitcoin is T..

The post Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08 appeared first on CryptoCurrency Blog.

Hot news: The summaries of the last one hour are the followings:

Bitcoin is leading the rank on the most popular crypto-currency, it has an upsurge of 0.12% in its exchange rate, which means 6668.000 dollars from the 6660.008 dollars earlier. Tether is in the second position as Bitcoin leads the first spot. ..

The post Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08 appeared first on CryptoCurrency Blog.

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

In the last hour, Bitcoin is leading the cryptocurrency rank. A fall in the exchange rate was seen from 6663.014 dollars to 6640.360 dollars a -0.34% change. Next to Bitcoin is Tether in the second position..

The post Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08 appeared first on CryptoCurrency Blog.

Hot news: Here you can read the new CryptoCurrency report of the last 60 Minutes.

Bitcoin is leading the rank in the last hour as the most popular crypto currency in the trade market, with a recorded fall on its value of about -0.12% in the last hour with a current standing rate of 6674.850 dollars from 6682..

The post Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07 appeared first on CryptoCurrency Blog.

Hot news: There were a lot of happenings in the last 60 minutes on the Crypto stock exchanges.

Bitcoin is listed as the most popular cryptocurrency in the market. In the last sixty minutes, it had an downswing of -0.19% on its trading price. This means from 6699.038 dollars now at 6686.310 dollars. Tether is..

The post Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07 appeared first on CryptoCurrency Blog.

Hot news: Now we show you the newest summary of 60 minutes.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an decrease of -0% in its exchange rate from 6704.570 dollars now at 6704.570 dollars. Bitcoin is seconded by Tether, in a 60 minutes time it has a drop..

The post Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07 appeared first on CryptoCurrency Blog.

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

Bitcoin was in the top position in the last hour, the exchange rate decreases from 6710.021 dollars to 6709.350. This is a -0.01% recorded change. Tether is at the second position next to Bitcoin, with a re..

The post Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07 appeared first on CryptoCurrency Blog.

Hot news: These changes have happened in the last hour.

Bitcoin was in the top position in the last hour, the exchange rate increases from 6689.711 dollars to 6709.780. This is a 0.3% recorded change. Bitcoin is followed by Tether, with a -0.07% tumble on its trade value in the last one hour, equivalent to 0..

The post Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07 appeared first on CryptoCurrency Blog.

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

The number one cryptocurrency leader is Bitcoin, this data was fetched in the last hour. It has an decrease on its trade value to -0.2%, now at 6687.450 dollars from 6700.852. Tether is at the second positi..

The post Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07 appeared first on CryptoCurrency Blog.

Hot news: These are the changes of the CryptoCurrency market in the last one hour.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an increase of 0.05% in its exchange rate from 6689.215 dollars now at 6692.560 dollars. Tether is next to the leading crypto Bit..

The post Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07 appeared first on CryptoCurrency Blog.

The streaming platform giant unveiled that such a documentary will premiere in 2022 without providing an exact date.

The feature doesn't apply to Alpari's PAMM accounts due to limitations pertinent to these types of accounts.

The Chinese central bank prohibited customer support teams from crypto exchanges to operate in the country.

Solana surprised everyone with a 10,000% jump in 2021 but the adoption of XRP has increased significantly this year.

Malta and Gibraltar introduced crypto-specific regulations earlier.

The company’s income from digital currency mining reached $66.7 million in the year ended 31 March 2021.

The crypto now can appeal the decision in courts, requesting an emergency hearing.

Bitcoin is currently trading above $44,000.

The guidelines were unveiled through the CSA and the IIROC websites.

The crypto exchange will see its logo featured on the team's Mercedes-Benz trucks.

Investors will need a minimum investment of $1,000 into the portfolio.

The authorities have signed an agreement to support crypto trading within DWTCA’s free zone.

ETH Whale moved 71,191 coins to an unknown wallet on 22 September.

The Bank will use the CBDC solution of Ripple to pilot a central bank digital currency in phases.

El Salvador became the first country in the world to make the biggest cryptocurrency by market cap legal tender.

The building of the Ohio Mining Site will take place in three stages.

The survey found that just 33% of the participants opposed the crypto tax law.

The 24/7 customer support via phone is expected to be launched at the end of the year.

The crypto exchange also inked a few other major sports sponsorship deals earlier.

The mining company is in the process of expanding its operations.

On-chain coinjoin is blended with off-chain coinswaps in this fascinating new hybrid approach.

Bitcoin Magazine invites you to join the crusade for bitcoin education on TikTok.

Missouri's largest utility, with 1.2 million customers, is mining bitcoin to better match demand and manage variability on the grid.

The Chinese ban of Bitcoin shows that the currency is delivering on its promises to enable freedom, something communism doesn’t appreciate.

The open-source desktop wallet now allows users to CoinJoin directly to cold storage after a configurable number of mixing rounds.

The People’s Bank of China reposted a memo from September 15th that addresses the country's Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.

A Panamanian legislator and entrepreneur discuss the country's efforts to legalize bitcoin and cryptocurrencies.

The often-quoted phrase could actually mean something if the incentives behind politics change.

Public channel capacity on the Bitcoin Lightning network continues to explode, hitting another all-time high of 2,738 bitcoin.

The defenders of monetary freedom must continue to fight for bitcoin against the powers of evil.

On Thursday Twitter officially enabled third-party Bitcoin tipping services, such as Strike, through iOS users’ profiles on their platform.

Bitcoiners who were in El Salvador as its Bitcoin law was implemented reflect on the good and the bad of state-sponsored Bitcoin adoption.

The bitcoin exchange will support the work of Rene Pickhardt and Chris Coverdale with $33,333 each over the next eight months.

Bitcoin Magazine is expanding our reach in Eastern Europe and the greater Commonwealth of Independent States (CIS) region by opening up a bureau in Kyiv, Ukraine.

The three compared and contrasted the merits of gold versus bitcoin in an interesting debate.

Mastercard is part of a larger effort to introduce social credit scoring under the guise of ESG concerns. Bitcoin fixes this.

The $40,000-plus range has been a key psychological level for the bitcoin price.

Former NFL player Derrick Morgan discusses impact investing, veganism and the long-term thinking of Bitcoin.

The decentralized, economically empowering technology could bring major benefits to the country.

The investment app has become a regulated Virtual Asset Service Provider, allowing it to provide BTC brokerage services in Europe.

PSV received bitcoin through a sponsorship deal in August and confirmed they self-custody it on their balance sheet.

Robinhood is testing Bitcoin and crypto withdrawals, as well as a new digital hot wallet.

Everything you need to know to install and operate a Bitcoin node connected to the blockchain via satellite, and enjoy full sovereignty.

China's Evergrande Real Estate Group has sparked a larger market sell off, potentially impacting the bitcoin price.

This manifesto to all describes a spectre haunting the modern world — the spectre of freedom.

The collapse of Evergrande and Chinese real estate developers underscores the promise of bitcoin, an asset disconnected from the global system.

Jayson Stewart, mayor of Cool Valley, Missouri, discusses giving bitcoin to his constituents and why Bitcoin is fundamentally American.

A father of three explains why he is saving in bitcoin for their future.

The biggest U.S. and European banks oppose strict new rules that would require them to set aside a dollar in capital for every dollar of bitcoin they own.

The round led by investment firm Paradigm will fund the expansion of Genesis' bitcoin mining operations in the U.S. and Nordics.

Bitcoin 2021’s Pitch Day gave Bitcoin startups an unprecedented chance to drive their projects forward.

It is easy to get trapped in watching short-term price fluctuations of BTC, so it helps to zoom out and learn more about Bitcoin.

Mass adoption of Bitcoin isn’t important. Selective adoption is and always has been how any revolutionary technology or transformation comes about. The masses will join by default.

The bitcoin-first, proof-of-work mining company has launched a new service to bring bitcoin mining to U.S. households on demand.

Brazilian investment bank BTG Pactual becomes first large financial institution in Brazil to enable customers to make direct investments in Bitcoin.

Dylan LeClair discusses the bitcoin market, inflation and the Triffin dilemma.

A recent debate has arisen around toxic maximalism in bitcoin; but does this really affect anything?

By embracing open-source transparent technology and enhancing personal freedoms, California can guarantee future prosperity.

A former drug and alcohol addict discusses our addiction to fiat money, debt slavery and how Bitcoin inspires him for the future.

The tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.

El Salvador President Nayib Bukele gives us an update on the adoption progress of their government Bitcoin app - Chivo Wallet.

A legacy trader reflects on how the bitcoin market mirrors the past, and is poised to overtake the traditional market in the future.

"Bitcoin Net Zero" explained that Bitcoin's energy usage has to be seen in the context of its merits and why the currency is a unique innovation to humanity.

With the international attention on El Salvador’s historic adoption of Bitcoin, some critical myths have emerged that are in need of busting.

El Salvador has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.

The monetary network already provides freedom to millions and will only continue to grow over time.

An exclusive interview with MicroStrategy CEO Michael Saylor.

The decaying rot of corporations carried only by the fiat machine will come to an end as Bitcoin fixes our money.

With several governments adopting bitcoin, it is only a matter of time for the price to reflect the bullish sentiment.

The anonymous creator of Bitcoin has created historical change with his invention.