Tamadoge’s Utility Will Save Memecoins That Lack Them in 2022

Tamadoge (TAMA) is one of the most popular presales that is currently making a killing in the cryptocurrency market. The creators of this project have the ambitious goal of bringing about a sea change in the meme currency industry by harnessing the power of a tightly knit community and usefulness.

Tamadoge stands apart from many of the other unique meme currencies, such as Dogecoin and Shiba Inu, by having a high degree of practical use and application in the real world.

Due to the fact that investors shift their focus there after the euphoria fades down, the usefulness is one of the most limiting criteria for the vast majority of meme tokens.

Having said that, usefulness is a major component that determines the success and sustainability of a cryptocurrency project, and Tamadoge has carved out a place for itself with the use case that it provides.

Understanding What Tamadoge Really Is

TAMA is a play-to-earn (P2E) token that takes a novel approach to combining meme token concepts with play-to-earn (P2E) dynamics. It is an ERC-20 token, which indicates that it was produced on the Ethereum platform.

Tamadoge is an ecosystem that combines many of the things that we adore, including canines, cryptocurrencies, video games, and a great deal of enjoyable activity. It is a one-of-a-kind combination of all of these components brought to an entirely different level.

Players will be able to select their own pet, care for it, level it up, and earn currency while doing so within the context of this play-to-earn video game.

In addition to this, each player’s pet will be a non-faction-transferable item (NFT) that may be bought, sold, or traded on the market.

Keeping in mind the most valuable prizes will be funneled to Tamadoge, the most talented player will ultimately have the opportunity to be rewarded with the most valuable prizes for all of the effort that they put in.

There will be many different kinds of incentives for the players who are the most ambitious. There will be freebies, awards for playing Tamadoge, and tokens for winning prizes. It is a single, intricate platform that will result in an exhilarating encounter.

Tamadoge (TAMA) was successful in reaching its goal of raising $4 million, and it is moving quickly toward reaching the milestone of $5 million in funding.

As a result of the large number of investors who are interested in purchasing a quantity of coins at a price that is currently lower than the level at which they anticipate it will be once this stage is completed, it appears that this benchmark will be reached in record time.

Those who purchase TAMA coins early will have the opportunity to purchase a greater quantity of coins at a reduced cost.

This currency began trading at a price of $0.01, and its value has been steadily climbing ever since it was first introduced. The price was initially raised to $0.0125, but shortly thereafter, it was raised once again, this time to $0.015.

It is important to keep in mind that the price of these coins will eventually reach $0.03, so even if you wish to purchase them with the intention of selling them after the early phases have passed, doing so will result in an excellent return on investment.

Your profits have the potential to increase significantly if you are just a little bit more patient. You can locate TAMA on the official website for Tamadoge, which also serves as a marketplace where you may purchase as much coins as you wish.

You may also join the rest of the community on Twitter and Telegram if you want to obtain a little bit more information or simply discuss thoughts with your fellow investors. Both of these platforms allow you to communicate with each other.

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The Road Ahead For Tamadoge

On its website, Tamadoge has clearly defined the actions that will occur in its timetable during the course of the upcoming year. The current token presale comes in at number one on the list.

This event has garnered considerable attention in the cryptocurrency sector. At the moment, one token can be purchased for either $0.01 or 1 USDT for 100 TAMA.

According to the live stream presale widget on the website, the sale of tokens has generated more than $561,000 in revenue so far. The presale will finish on the 31st of August.

The debut of Tamadoge pets is the next thing on the program, and it is scheduled to take place in the fourth quarter of this year. These virtual pets offer a significant amount of functionality and provide a channel via which one may receive prizes, as was described previously.

The Tamadoge team will focus their efforts between the first and second quarters of 2023 on significantly raising the acceptance and utilization of the project through CEX listings and cooperation with Metaverse.

The platform planned to debut its P2E arcade portal for mature dogs to participate in during the third quarter of that year.

In the final step of the process, the Tamadoge development team will, in the fourth quarter of 2023, release an augmented reality (AR) software that, when used in conjunction with the Tamaverse, Tamadoge’s version of the Metaverse, will make it possible for gamers to engage in a more immersive form of interaction with their Tamadoge pets. This is a calendar, if you will.

Whitepapers are freely accessible for download on the Tamadoge website, and investors or users who are interested in learning more or taking part in the presale may do so by logging on to the Tamadoge website.

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Op-ed: Why maximalists are wrong — the future is cross-chain

You would not be surprised in recent history to see such an idea floated around online spaces. Originally, many thought it was Bitcoin; then, it was Ethereum because it offered tangible functionality via its smart contract framework.

The predominance of this conceptually naive worldview remained unchallenged for a significant period of time. Conventional wisdom concluded very early on that one chain could provide everything ever needed and there would seldom be a need for any other solution.

As we saw with Ethereum, that didn’t become reality. When a rather simple game like CryptoKitties can gain traction and swiftly and effectively crush the network thus slowing it down dramatically, initiating rising, exorbitant fees and making all other dApps built on the chain suffer, it became evident it would not grow into the mythical ‘one chain’.

We saw an exodus of projects move to the various other chains that claimed they would be the Ethereum killer. But how many times can a blockchain team say they’re building something which is very fast and very secure with low, low fees for the end user before we stop believing in their ability to deliver? The proof is in the pudding on this one: at the faintest hint of even reasonable amounts of traffic Solana and others have all shown their inability to scale.

Different Strokes

Make no mistake, blockchain technologies are still in their infancy. But a collective realization is turning the tide of opinion amid signs of the industry maturing: people now perceive different blockchains to serve different use cases. To find success, a chain no longer needs to tout itself as the Ethereum killer. 

What we sorely lack is a protocol to marry the functionalities of multiple blockchains and create an all-encompassing solution that brings the best of all worlds to the user. 

Building a layer 2 above those chains and allowing projects to build on top of that platform is key to providing maximum benefit while at the same time mitigating risk. For example, if a developer built on top of the Terra chain then their work would be all for nothing following the well-publicised and catastrophic failure. Their code would be near-useless as a result.

This is the great question surrounding blockchain development right now. Do you live and die by the performance of the underlying chain to your project?

Picking and choosing the functionality of different chains is more than a sensible approach, it could become a mission-critical option to preserve the life of a project in the event that volatility or indeed, catastrophic failure, turns a crypto dream into a nightmare.

Crafting Layer Two Solutions

Building load balancing technology mitigates risk too a great extent, by allowing a project to move from chain to chain. Even six months ago many chain operators saw crypto as a monolithic space to be governed by one, or very few, massive entities. The shift in thinking is a potentially revolutionary one.

Interoperability is becoming a critical buzzword surrounding chain-related technology. Even so, the journey to this point hasn’t been for nothing: all of these chains had to build their own community and foster the belief that the project would be world-beating in order to not just thrive, but survive. 

However, this approach was never consistent with how technological progress has happened in the past as significant momentum and widespread adoption do not happen in a vacuum: blockchains cannot be siloed if they are to move forward and into the mainstream. 

In this context, Layer Two solutions are primed to emerge as a foundational principle for novel blockchain technologies. Perfect sense can be made of a cross-chain protocol that allows the transfer of tokens and assets between chains while keeping transactions ticking over during outages.

Just as visionaries have constructed Layer One blockchains to satisfy the needs of consumers and businesses in a multitude of ways, we will need considerable talent building on the Layer Two side to help execute and make it a reality. The underlying technology can only be unlocked by considerable L2 development, both in protocols building an effective cross-chain system and through dApps which provide a reason for the end user to interact with the chain.

The Reality of Centralisation

There is a fallacious belief that EVM compatibility and more broadly cross-chain solutions involve taking on higher security risks. There is an element of truth insomuch as there is a security risk in all code but in fact, a broad and robust development community as exists for EVM substantially diminishes this risk.

Building on the Ethereum family of chains does force developers to stick with EVM and this is not necessarily compatible with real-world technologies and use cases, which exist outside of token-buying communities. Where adoption can proliferate is when businesses decide to build on top of the chain and create an EVM framework. But that’s a significant barrier to entry.

The concept of decentralization ultimately powers blockchain. But there exists in all types of pipelines — from upstream to downstream — a point at which decentralization beats centralization. In the case of EOS, it’s incredibly close to a centralized project; there are other projects that have also strayed far away from any notion of decentralization.

And as a result of the varying architecture for each one of these chains, even if their focus is on solving the same types of problems, their end functionality and solution are very different. Part of that is where decentralization meets centralization.

Finding the Right Solution

For a DeFi product that wants the widest gap from centralization possible, then EOS may not be the right solution. But a logistics company looking to track its supply chain and who, as a consequence, seeks solely a smart contract framework to automate processes and cut out costly middlemen, there will be less of a concern about how close to centralization the solution is. 

All in all, industry needs will drive the adoption of a certain kind of blockchain — at the same time, consumer usage habits naturally lead to the success of other types of blockchain. There is no single, right answer when it comes to crypto. 

The continuous evolution of the market is likely to see adaptations and growth while many inadequate chains fall to the wayside. To gain traction, a chain needs to either serve the demands of its prospective customers or fulfill a need they perhaps didn’t even know they had.

Overall, use cases are in abundance for blockchain and there lies untold potential which we may not yet be able to unlock as the tech itself isn’t at the level it needs to be. 

One tenet is clear: no single chain can do everything. We are moving inexorably towards a multi-chain future where the great minds across all of crypto either solve different problems with their chain or provide solutions to the same problems with varying functionalities.

Posted In: DeFi, Guest Post

Guest post by Toby Gilbert from Coinweb

Toby attended London’s Global University (UCL) and went on to focus on the tech and telco spaces. With a proven track record, including having successfully invested in and exited three telecommunications companies operating in Europe, Africa and Asia. In 2018, Toby invested in Coinweb, a cross-chain computation platform and solution for retail and enterprise. Toby also co-founded the Blockfort and OnRamp DeFi projects.

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Brazilian Crypto Investment Platform Bluebenx Backpedals on Hack Reports, States It Was Victim of a Listing Scam

Bluebenx, a Brazilian crypto company that recently stopped customer withdrawals, has changed its story regarding the causes which took it to take that measure. While the exchange issued an email statement informing customers it had been the victim of a vicious hack, now the company states the liquidity problems were the consequence of a listing scam.

Bluebenx Switches Versions Regarding Liquidity Issues

Brazilian crypto investment company Bluebenx changed the version on the recent liquidity issues it is facing, having stopped the withdrawals for some customers last week. The first explanation of this resolution included allegations of the exchange being the victim of an “extremely aggressive hack,” with the operations halt being part of the security protocol to handle the aftermath of the event.

However, now it has backpedaled on this explanation, offering a very different take on the issue. Bluebenx explained that the incident was the consequence of a listing scam, in which the company had agreed to pay for listing its own currency, BENX, on another platform. According to a note sent by the company to Livecoins, a local source, Bluebenx had to pay $200,000 and 25 million Benx for this listing opportunity to a third party acquainted with the unnamed listing exchange.

However, the alleged representative scammed and deprived the company of these funds. Also, the attacker took the 25 million BENX paid and exchanged it for USDT using the liquidity pools of the exchange, depriving it of all of its stablecoin liquidity.

The company stated:

BlueBenx also clarifies that among its more than 25,000 customers, only 2,500 were affected by the blow. The recovery plan provides that these customers will be able to redeem their applications from 2023 onwards.

The company did not explain the reasons for this change in its explanation.

Massive Layoffs Explanation

The company also gave an explanation for the layoffs that it executed on the same day that this incident happen, which caused some customers to believe they were being victims part of a Ponzi scheme scam. The company explained:

Bluebenx took unpopular measures and, in order to ensure safety and guarantees for our investors, fired part of the employees and suppliers with privileged access, as a way of limiting access to the accounts.

While the company did not specify the number of employees that were fired, it did report that, for the time being, only 11 people remained on the company’s payroll, and that it had abandoned its headquarters and other assets to “comply with its legal and contractual obligations with its customers.”

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What do you think about Bluebenx changing the explanation about its liquidity problems? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Cryptopunks and BAYC Floor Values Go Head-to-Head, as the Punks Briefly Surpass Bored Apes

On Sunday, August 21, 2022, the floor value of the Cryptopunks non-fungible token (NFT) collection briefly surpassed the Bored Ape Yacht Club (BAYC) NFT collection’s floor value. While it’s not by a huge amount, at the time, Cryptopunks floor was ​​66.45 ether, while BAYC’s least expensive NFT was 64.99 ether.

Cryptopunks Fleetingly Reclaims the Throne It Held Last Year by Flipping BAYC’s Floor Value

Non-fungible token (NFT) sales are not doing so well this week as sales are down 18.75% lower than the week prior’s sale volume, according to cryptoslam.io statistics. Bored Ape Yacht Club (BAYC) holds the top sales this week with $15,087,189 million in sales, up 61.47% higher than last week.

While Cryptopunks is the sixth largest collection in terms of this week’s NFT sales with $4,517,133 in sales this week, sales are down 52.38% lower than the week prior. Despite the lower number of sales this past week, Cryptopunks has briefly managed to flip BAYC in terms of floor value.

On August 21, at 1:45 p.m. (EST), Cryptopunks’ floor value was 66.45 ETH or $107,866. BAYC’s floor value slipped down to 64.99 ETH or $105,623 at that time. The head-to-head action has been going on for most of the day, and later in the afternoon, BAYC managed to regain the top floor.

At 1:45 p.m. (EST), the floor value of the Cryptopunks NFT collection briefly surpassed the Bored Ape Yacht Club NFT collection’s floor value. BAYC managed to regain the top position by 4:00 p.m. (EST) on Sunday afternoon.

NFT floor values are a whole lot different than they were 26 days ago on July 26, 2022. At that time, BAYC had the top floor value with 82 ether as it was the least expensive BAYC on that day. Cryptopunks NFTs were in second place that day, as the floor value was 73.95 ETH on July 26. In fact, statistics from archive.org shows BAYC has held the top floor value week over week for months on end.

The Block Crypto’s Floor Price of Popular NFTs chart on August 21, 2022.

The head-to-head competition today follows Yuga Labs releasing the Cryptopunks and Meebits intellectual property licenses last week. The new licenses make it so Cryptopunks and Meebits owners can use their NFTs for commercial or personal purposes. The company’s BAYC NFTs also have a license for NFT owners, but Galaxy Digital research claims the license covering BAYC, MAYC, and BAKC NFTs contains critical contradictions.

While Cryptopunks temporarily flipped BAYC’s floor value on August 21, the opposite took place on December 22, 2021. At that time the lowest BAYC was 53.9 ETH while the lowest valued Cryptopunk was 52.69 ETH. After BAYC flipped Cryptopunks at the end of last year, however, it has maintained dominance in terms of being the top floor value. Except on a few occasions, the NFT collection PROOF Collective has briefly flipped BAYC.

Following the brief flippening early Sunday afternoon, BAYC managed to regain the top position and by 4:00 p.m. (EST), BAYC’s floor was 68.48 ETH, while Cryptopunks floor was 66.45 ETH. While BAYC’s market valuation at the time of writing is $1.11 billion, Cryptopunks’ market valuation is now roughly $1.07 billion. At 5:30 p.m., BAYC’s floor was 68.48 ETH and Cryptopunks floor was 66.45 ETH.

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What do you think about Cryptopunks briefly flipping BAYC’s floor value on August 21, 2022? Do you think the head-to-head action will last long? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Axie Infinity Market Cap is $1 Billion



The current price of Axie is $14.33 USD. The 24 hour trading volume is $83.7 million. In the last 24 hours, the price has decreased by 1.15%. The current rank on CoinMarketCap is 45 with a total existing supply of 83,314,637 AXS and a max supply of 270,000,000Axie and a live market cap of $1.17 billion.

The best places to buy Axie Infinity are currently eToro, Bybit, Binance, CoinW, BTCEX, and OKX.

Axie Infinity By Axie Games, A Unique Video Game

Basically, Axie Infinity is a game based on Blockchain, which gives players partial ownership and control over the game’s assets. The game’s digital assets are traded amongst players in real-time.

How to get started with Axie Infinity?

Axie Infinity is an online game that allows participants to gather, trade and combat digital creatures called Axies. These Axies are based on famous games such as Tamagotchi and Pokémon.

Axies come in a wide variety and can have combinations of body parts from each type class. There are four levels of rarity: common, rare, ultra-rare and legendary, with Axies being unique with any combination of these pieces.

Axie is an NFT(non-fungible token) with diverse solidities. Once in battle, the team that has the highest combined HP and MP wins and earns more experience (exp) points. These exp points are used to level up or evolve an Axie. By breeding an Axie with another, you can create a new and unique offspring that can be used or traded on the Axie marketplace.

One of the ways to earn Axie is by playing the game. In order to compete, however, you need to use additional resources, called Axie Infinity Shards (AXS). These are voted on by a governing body and will allow you to give your opinion on how funds are spent and key decision-making happening in the community.

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Meet the founders of Axie Infinity

Axie Infinity was developed by Sky Mavis in the year 2018, along with his co-founders Trung Nguyen and Aleksander Larsen. The company has a team based in Vietnam.

The current CEO of the Axie Infinity platform is Trung Nguyen. He is a BS graduate in computer software engineering and then served as a software engineer.

Aleksander Larsen, a former competitive gamer, co-founded and is the COO of Axie Infinity. He has been working with blockchain gaming since 2017 and previously worked in security through the Norwegian Government Security Organization.

The Axie Infinity team includes 25 employees who have experience in game development.

What makes Axie Infinity different from other Collectible Trading Games?

The Axie pet game uses over 600 different body parts, which is what makes the pet so customizable. Typically, there are average statistics among these body parts and the strongest ones will have incredible stats.

Unlike other blockchain-based games, Axie has a limited number of times they can breed. This is to support managing the population of Axies.

Axie Infinity, a game that is similar to Pokémon GO, has a space called the mating hub where players can breed Axies to make rare or powerful offspring. In addition to Ethereum and special tokens called Small Love Potion (SLP), it costs 0.005 ETH in order to breed the Axies.

Those who carry AXS tokens will momentarily be competent to stake them in order to obtain enduring rewards. Unlike other stackable assets, however, those who vote and play using the token will be able to earn the reward as well.

Total Axie Tokens in Circulation

The absolute reserve of AXS tokens is 270 million. As of November 2020, there were 53.5 million tokens in circulation, which is about 20% of their total available tokens.

11% of the entire collection was allotted to players in the Binance Launchpad IEO sale and 4% was traded in a confidential sale.

Based on the documents released by Binance Research, it is estimated that there will be no AXS tokens left to circulate by early 2026.

The security measures Axie Infinity employs to secure your assets

The Axie Infinity token is an Ethereum-based, Ethereum-powered token. The reason for this is that it uses the POW mechanism of Ethereum. This makes it secure from attackers.

Leading up to Loom Network integration in 2025, Axie Infinity plans to start the migration. Plans include migrating tokens to the Ethereum network, known as Ronin.

Ronin is a hyper-efficient application-specific blockchain that’s being developed just for Axie Infinity. The Ronin chain is made by the same firm behind the game, Sky Mavis, and will be capable of handling instantaneous transactions with reduced gas fees.

Where can you find the unique AXI token?

As of October 2021, many cryptocurrency exchanges are listing AXS for trading. Exchange platforms like Binance, Huobi Global, Coinbase, FTX and others are providing a venue for traders to trade AXS in many currencies.

There are a variety of trading pairs that are in high demand, including AMB to ETH, AMB to BNT, and AMB to BTC. There is interest in the Philippines, Australia and Europe for converting the AMB to rates of PHP, AUD and EUR respectively.

You can use many different currencies with the game, including Bitcoin, Binance and Australian dollars. Possibly as the game rises in popularity, more and more people will turn to PHP, AUD and EUR.

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Australia’s new government finally signals its crypto regulation stance

Three months after being elected into power, the Australian Labor party has finally broken its silence on how it’s planning to approach crypto regulation. 

Treasurer Jim Chalmers announced a “token mapping” exercise, which was one of the 12 recommendations in a senate inquiry report last year on “Australia as a Technology and Financial Center.” The report was warmly welcomed by the industry which has been anxiously waiting to see if the ALP government would embrace it.

Aimed at being conducted before the end of the year, the token mapping exercise is expected to help “identify how crypto assets and related services should be regulated” and inform future regulatory decisions.

Cointelegraph understands that Treasury will also undertake work on some of the other recommendations in the near future, including a licensing framework for crypto asset service providers dealing in non-financial product crypto assets, appropriate requirements to safeguard the consumer crypto asset custody, and a review of the decentralized autonomous organization (DAO) company-style structure.

In a statement from Treasurer Jim Chalmers, along with Assistant Treasurer and Minister for Financial Services Stephen Jones, and Assistant Minister for Competition, Charities and Treasury Dr. Andrew Leigh, the Albanese-led government says it wants to reign in on a “largely unregulated” crypto sector.

“As it stands, the crypto sector is largely unregulated, and we need to do some work to get the balance right so we can embrace new and innovative technologies

The statement noted that more than one million taxpayers have interacted with the crypto ecosystem since 2018, and yet, “regulation is struggling to keep pace and adapt with the crypto asset sector.”

The politicians claimed that the previous Liberal-led government had previously “dabbled” in crypto asset regulation through crypto secondary service providers “without first understanding what was being regulated.”

“The Albanese Government is taking a more serious approach to working out what is in the ecosystem and what risks need to be looked at first.”

Speaking to Cointelegraph, Michael Bacina, partner at Piper Alderman, said the token mapping exercise will be an “important step” to bridge the significant education gap within regulators and policymakers.

“Australia punches above its weight in blockchain right now but we have seen regulatory uncertainty lead to businesses leaving Australia,” he said.

Related: Australia’s world-leading crypto laws are at the crossroads: The inside story

“A sensible token mapping exercise which helps regulators and policy makers understand in depth the activities they are looking to regulate and how the technology interfaces with those activities should help regulation be fit for purpose and both support innovation and jobs in Australia while protecting consumers,” he added.

Caroline Bowler, CEO of BTC Markets said the move mirrors calls from many in the industry for “proportional, appropriate regulation” of the sector. 

“The additional benefits of token mapping are many. It will provide greater clarity to crypto investors; aid companies in developing their own blockchain-based innovations; provide guidance to digital currency exchanges; as well as assist regulators in shaping an appropriate regulatory regime,” she said. 

However Dr. Aaron Lane, a senior lecturer at the RMIT Blockchain Innovation Hub, believes the token mapping exercise is something of a delaying tactic by the Labor government:

“Progress is progress — but it is disappointing that we are not further along the path to greater regulatory certainty for industry and greater protections for consumers.”

“Unfortunately, they’ve needed to buy themselves time with a token mapping exercise to allow them to get up to speed,” he added.

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Stargate shoots up in price, here’s why



Due to the sudden crash in the cryptocurrency market over the last two days, several investors have been facing a major dilemma. While a majority of the community was showing signs of excitement and a positive sentiment due to the relief pump in Bitcoin and other altcoins, it came as a shock when the prices dropped at a steady pace since yesterday.

However, Stargate, a newer project in the space managed to overcome the bearish barrier that was being seen in the market. Infact, it shot up in price by several times before correcting to a lower range yesterday. This sudden increase in price left a huge number of investors wondering what development contributed to its pump.

Why the sudden pump?

Stargate has been growing in terms of its infrastructure for the past couple of weeks. It has ensured to keep the community updated about any developments in the project at regular intervals. While these positive factors did influence the interest for the STG token, they didn’t have any major effect on the price.

However, the main reason for the sudden jump in prices can be speculated to be the recent listing on Binance, the world’s top cryptocurrency exchange in terms of traded volume. The STG token was listed on Binance on the 19th of August, causing it to grow at an exponential rate due to the heavy hype and exposure to a huge pool of Binance investors.

What is Stargate?

Launched in March 2022, Stargate is a cross-chain protocol that has been created to assist users with transferring assets between various blockchains easily. As a project set in the Defi universe, Stargate has managed to lock tokens worth more than $500 million, positioning it as a reputable name in the industry.

It is a community-driven platform, which has effectively been building the first ever fully composable native asset bridge. Stargate is also the first major dApp to be built on LayerZero. The project boasts of being the solution to three major issues faced by the industry today through its features:

  1. Instant Guaranteed Finality– A correctly committed transaction on the source chain is guaranteed to successfully reach the destination chain instantly.
  2. Unified Liquidity– Single liquidity pool with shared access for better liquidity.
  3. Allowing Native Asset Transfers– Stargate allows native asset transfers instead of wrapped assets, reducing costs and efforts.

At the time of writing, the platform has more than $500 million worth of locked tokens. It also aims to create several other options for users that can ease transfers between different chains. Investors can stake STG, the native token of Stargate to receive veSTG, which is 1:1 to STG in value.

Stargate had gained much traction on its launch too, following announcements about being backed by Alameda Research, an extremely popular quantitative crypto trading firm in the industry. The token had been consolidating at the $0.4 range for a brief period following a major correction from its all-time high of $4.2 in April.

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About any further potential

The current scenario of the industry has been ensuring that only the projects with decent utility survive, shaking off a huge number of platforms that do not feature strong fundamentals. Stargate can be regarded here as an ecosystem that features great potential due to its innovative use case.

But that does not essentially ensure that the project may be a success. It has to be noted that a huge number of projects are now being introduced into the market that has been based on the concept of Defi. Stargate provides an innovative solution to a variety of problems faced by blockchain users but is contested by several tokens.

The speed of infrastructure growth and community engagement will be crucial in determining the future growth of the project.

Price Prediction

Since it plunged from its all-time high back in April, the STG token had seen a stagnant period in terms of price action. This was likely changed entirely due to the recent Binance listing, which created room for the major popularity of the token.

Currently, Stargate is trading at around $0.7 since it corrected from the recent top at about $0.95. However, owing to its recent popularity and continuous development, STG may be set to explore newer price ranges as the market takes a bullish approach.

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Entertainment Blockchain Company MetaSolare Announces New Project For “MusicFi”, “AnimeFi”, and “GameFi”

MetaSolare is a new Web3 startup for “MusicFi”, “AnimeFi”, and “GameFi” whose co-founders include DJ Steve Aoki and Masato Matsuura, chairman of Japanese Entertainment Company Avex. Today the company made its official launch, releasing details of its upcoming Web3 project, which are available on its official website.

The world is on the verge of a paradigm shift from Web2 to Web3, and new genres of entertainment that make full use of NFTs and tokens are beginning to see wide adoption. But this new era needs a new type of thinking, and a new open architecture where users have the power, and are involved in making the decisions.

To adapt to this revolution requires more than just knowledge of the entertainment industry: it requires knowledge from the blockchain and financial worlds as well. MetaSolare has brought together experts from all these industries to form an entirely new type of Web3 entertainment project.

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These experts include co-founder DJ Steve Aoki, one of the most well known members of the crypto community, as well as Masato Matsuura, the chairman of Avex, one of Japan’s biggest media and entertainment companies. Together, they are proud to work on the MetaSolare Blockchain Ecosystem.

Project Vision

Building a new entertainment ecosystem takes three things: blockchain technology that allows users to own digital content, financial elements to allow for a sustainable content-centered economy, and game technology that allows for large-scale interactive communication.

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MetaSolare isn’t a project that uses content and IP simply as instruments for financial investment. Instead, it fuses these three elements in a way that allows for entirely new entertainment experiences in the fields of anime, gaming, and music, where everyone involved can create them together.

■Game Fi

The words “Play to Earn” and “Play and Earn” are commonly used when talking about Blockchain games. MetaSolare looks to go a step further, to a society where games are part of everyday life.
In this world, everyone around the world can become a “co-creator”, helping to build a new future for gaming in any number of ways and from any number of places. Their passion for the game can become assets both tangible and intangible.

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To make this possible, MetaSolare is working with a team of developers who have experience making some of the biggest video gaming titles in the world. Together, they’ll build a better world empowered by gaming, a dream that everyone can work towards together.

■Anime Fi

Combining anime and blockchain opens up new possibilities for users to get involved with animation in any number of ways. The MetaSolare project combined NFTs, tokens, and technology to create an entirely new form of animation in tandem with users and creators.

The experience of digitally owning part of your favorite anime can offer any number of new experiences and open the door to an entirely new funding model. And Metasolare will be there to offer you that world.

■Music Fi

NFTs and tokens are a powerful tool to connect artists and fans, which allow for new types of ownership and ways to support creators. These new tools will change how music is made, and how stars are born.

MetaSolare will be creating crypto-native music artists, backed by DAOs and NFTs. MetaSolare token and NFT holders will be given the opportunity to be directly involved in the artists future: for example, token and NFT holders will help hold auditions to pick new artists and talents and help them get ready for their big debut, with livestreams being held at regular intervals to help show how far they’ve come.

MetaSolare’s team has deep connections in the global music scene, and in Asia particularly.  MetaSolare Co-Founder Steve Aoki is one of the most well-known DJs in the world, and Co-Founder Masato Matsuura is the chairman of Avex, one of Asia’s largest entertainment companies. These deep connections make them uniquely positioned to make the next generation of crypto-native music a reality.

Core Members

MetaSolare’s core members are a group of leading experts from the entertainment, blockchain, and financial industries, who’ve come together as individuals to create a way to provide entirely new forms of entertainment, and build a new economy together with users and creators.

KENTARO BEPPU （CEO / Co-Founder）

Formerly the national general manager of a major Japanese restaurant chain, and founder of his own IT marketing company. A well-known member of the Japanese investment community, he promotes financial literacy under the name “Ken Jinguji”.

ASAHI IWANAGA（COO / Co-Founder）

Asahi is the Chief Operating Officer for MetaSolare, and former President & CEO of Avex Technologies. Previously, he spent three years publishing games on Steam at an international game publisher. He worked as a product manager in the broadcast/VOD entertainment industry at a NASDAQ-listed company. Asahi also attended college at the University of Wisconsin-Madison before helping found an e-commerce service at a Silicon Valley startup in 1999.

As of 6/24/2022, in order to focus full-time on the MetaSolare project, Asahi left his role as President of Avex Technologies and now serves as Avex’s Web3/Blockchain Technology advisor. As COO of the project, he will be involved in all important decisions.

MASATO MATSUURA （Co-Founder）

Founder of Avex, one of Japan’s biggest entertainment companies. A hugely important figure in the history of modern Japanese music, he was instrumental in bringing dance music into Japan and has many connections with DJs and well-known figures all over the world.

STEVE AOKI（Co-Founder）

Counting nearly 3 billion music streams to his name, Steve Aoki is a true visionary. Billboard described the 2x-GRAMMY-Nominated artist/DJ/producer and Dim Mak Records founder as “one of the most in-demand entertainers in the world.” A true renaissance man, Steve Aoki is also a fashion designer, author and entrepreneur.

TSUBASA MURAKAMI （CLO / Co-Founder）

A certified M&A Senior Expert and a certified Business Succession Senior Expert with the Kinzai Institute for Financial Affairs. In 2016, he began angel investing and building investment funds, participating in financing projects worth more than two billion USD in total. He now puts his experience to good use working with lawyers and tax accountants both in Japan and abroad to enhance corporate value through business development studies and M&A advisory services.

SEIHAKU YOSHIDA (Co-Founder)

 Seihaku Yoshida founded HashPort, Inc. in 2018 and ran the company as President. He has helped support numerous projects such as IOST, Enjin, Qtum, Tron, Tezos, and others in their efforts to expand into Japan. In 2020, he founded and ran HashPalette, Inc. as an NFT subsidiary of HashPort. HashPalette conducted Japan’s first IEO in 2021, attracting 22.4 billion yen for a billion yen offering.

ROBERT TRAN (Co-Founder)

Director and Executive Director of Animoca Brands Japan. Former VP of Experian, he went on to found/co-found several companies, including iClick Interactive, the largest digital marketing automation platform and SaaS solution provider in Asia, UNDONE, an industry-leading D2C company for customized watches, and UCOLLEX INTERNATIONAL, a next-generation creator platform using blockchain technology.

TAKASHI HATANAKA (Co-Founder)

Spent 23 years at Goldman Sachs, working at some of its most important divisions including the proprietary trading department and the Asian equity derivatives and quantitative trading division. Full-time director and CEO at a bio-venture company.

SHINICHI HISAMATSU (CTO)

After earning a master’s degree in Media and governance from Keio University, Shinichi Hisamatsu studied computer science and man-machine interfaces as a researcher at the Interfaculty Initiative in Information Studies at the Graduate School of Interdisciplinary Information Studies (University of Tokyo), as well as at the MIT Media Lab and Keio University School of Nursing and Medical Care.

A passionate supporter of start-ups and pioneering thinkers, Shinichi has used his technical expertise to help multiple companies to launch with success.

He is an expert in a wide range of digital technology, including web development, mobile applications and blockchain.

In his previous role as CTO of Zen Global Limited, Shinichi built a blockchain-based donation platform and auditing service for charitable foundations, NPOs and NGOs in Malaysia, Britain, and multiple other countries.

He is currently CTO of Theo Design and Aipro Inc, and is researching methods of using digital technology to support entrepreneurs at Aoyama Gakuin University.

Teruaki Asano (CFO)

Teruaki joined Goldman Sachs’ finance division in 2005. Over the next 15 years he was responsible for monitoring P&L, balance sheets, and valuations of financial products in fixed income, equity derivatives, real estate and private equity.

After leaving Goldman Sachs in 2020, he moved on to serve as the CFO of a real estate venture company. There he gained experience in debt financing, monitoring performance of proprietary investments in real estate and private equities, and managing back-office functions. Currently, he is a venture capitalist, giving financial advice to a wide variety of start-up companies.

Teruaki has a bachelor’s degree in Economics from Rikkyo University and an MBA from Waseda Graduate School of Finance, Accounting and Law. He is a CFA Charterholder and has also passed the US CPA exam in the state of Washington.

Partners

In an age of individual excellence, MetaSolare is building a Web3 world with partners across industry boundaries.

Partner Companies (As of July 2022)

Avex Technologies (Gaming)
HashPort (Blockchain Technology Support)

More partners to be announced.

HashPort (Blockchain Technology Support)
UCOLLEX INTERNATIONAL LIMITED
ABEJA Inc.

XRP Signals Considerable Uptick – Will Social Media Lift Its Price Past $0.34?

XRP price has demonstrated a significant uptick that come with engaging social media tweets and discussing. Does this hint a potential bull run?

  •         XRP price amplified by social media mentions during summer
  •         Ripple now an official World Economic Forum partner 
  •          Crypto price bleeds by 10% in 24 hours

Ripple Is Now The Official Partner Of WEF

Now, Ripple is an official partner of the World Economic Forum as announced on their website which also adds another layer of credibility and trustworthiness to XRP.

The WEF is a Switzerland-based international NGO established on January 24, 1971 and founded by Klaus Schwab, a German economist and engineer.

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On their partnership with Ripple, the WEF has announced, “Ripple is developing and enabling the future use cases that will catalyze the new digital economy for governments, businesses and consumers.”

During summer, Ripple has also shown immense social media popularity and uptick in comments and engagements.

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Image: Finbold

On several occasions, upticks in terms of social media interest brought about profitable opportunities for both stocks and crypto alike.

However, despite Ripple’s intense popularity, XRP was not able to benefit from the overwhelming social media hype.

On August 19, the crypto has had a 10% liquidation following a drop from the descending parallel channel.

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The bearish cross that move over both the 8-day and 21-day simple moving averaging darting close to the $0.37 level acted as the catalyst to induce the selling frenzy.

XRP Price Sheds 0.35%

According to CoinMarketCap, XRP price is down by 0.35% or trading at $0.3384 as of this writing.

Meanwhile, traders should practice caution when buying a dip with the target range for the crypto close to $0.28 or $0.24.

The bearish thesis invalidation for XRP is set at $0.48. Once this mark is breached, a bull run could happen targeting over $1.

XRP price has been affected by the decline in price of Bitcoin which has been down for the past week.

Chart from TradingView.com

XRP is seen to have dropped by 14% this month after its price has increased steadily by 15% in July.

Affected by the great number of liquidations happening in the crypto market, XRP has experienced extreme liquidations hitting $1,586,572 in the past 24 hours.

The decline in token price also triggered a plunged in trading volume.

On the daily chart, XRP has posted a double-digit plunge on August 19 that cracked the tight range experienced since July 31.

RSI for XRP has also successfully breached into the 50-neutral region which is now tagged as 38. MFI is also at 39 to date.

Ripple has had a massive breakdown of network activity since early August. In fact, XRP transactions have plunged by as much as 31% in the past couple of days.

Crypto total market cap at $1.26 trillion on the daily chart | Source: TradingView.com

Featured image from Kriptokoin.com, Chart from TradingView.com

Tamadoge Makes Noise – Is TAMA A Better Alternative To SOL?

Tamadoge (TAMA) is a new and exciting play-to-earn meme coin that is predicted to grow 10-fold in price.

  • SOL bullish streak invalidated
  • Solana has reached the oversold zone
  • Tamadoge meme coin dubbed as better alternative to SOL

Solana (SOL) plummets as it loses the support of an ascending channel it is in and further invalidating its bullish thesis.

The crypto market is experiencing a turbulence as Bitcoin lost support from a rising wedge pattern.

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SOL Wading Oversold Waters

According to CoinMarketCap, SOL is down by 3.27% and is currently trading at $35.48 as of this writing.

Over the past two months, SOL has been seen as aggressively bullish and may possibly reach $50 but its singing a different tune now.

Solana also loses a critical support level set at $39.5 mainly due to widespread crypto crash which pushed Solana into a bearish stance.

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At this point, Solana needs to attempt to fuse at current price levels and revisit the key resistance of $39.5.

If it fails at this zone, then SOL could experience further decline. The next critical support level for SOL is now spotted at $32.4.

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Judging by the technical analysis on a 4-hour timeframe, SOL wades at the oversold waters and is forming a green candle pattern.

Now, high-risk traders can go all-in and take advantage of the fear and worry exploding in the market by going long with the current price levels.

Further, RSI for SOL also supports the oversold thesis and is now heading a crypto bear market or nearing a further downtrend which calls for a search for better Solana alternatives.

Tamadoge – NFT, Metaverse, Crypto In One

There are in fact other strong contenders in the crypto space that is said to be better than SOL and one of that is the new meme on the block called Tamadoge.

 Apart from being a meme coin, it’s revolutionary because it’s also an immersive virtual reality and NFT that many enthusiasts and players can dip into.

The support for TAMA presale has been overwhelming and has accumulated over $5,620,496 in a span of three weeks. The public sale is set to launch in quarter 4 of 2022.

Crypto presales such as with Tamadoge is a cost-effective way to use your extra crypto especially in the bear months.

While other cryptocurrencies are experiencing downturns, presales can position traders to profit by 10x to as much as 100x.

Tamadoge is a new meme coin with an interactive metaverse and also an NFT store.

Once Tamadoge goes lives, users can buy, sell, train, and trade virtual pets that also work as NFTs.

TAMA token are attractive because it boasts zero tax for transactions and 65% of the tokens that are used monthly will be redistributed to the players in the form of rewards.

SOL total market cap at $12.2 billion on the daily chart | Source: TradingView.com

Featured image from Business 2 Community, Chart from TradingView.com

Ethereum Plunges 21% In Last 7 Days, Drops Below $1,600

Ethereum (ETH) is down 20% in the last week and triggering a negative sentiment in the market.

  •         Ethereum stalls and fails to make a comeback in the last week
  •         ETH flunks at reclaiming $2,000 level
  •         Ethereum RSI indicates a bearish stance

Additionally, Ethereum also didn’t make it to the $2,000 mark. The bears are trying to yank ETH price down and pin down the bulls.

Only the daily chart, there is a formation of a rising wedge pattern indicating that a bearish movement could drag on. The bulls are looking to stave off a decline shooting below the $1,700-$1,800 levels.

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RSI for Ethereum has also retrograded below the baseline implying that the bears are now on top of the market.

According to CoinMarketCap, Ethereum is down 21% and trading at $1,571.25 as of this writing.

Ethereum Triggers Massive Selling Pressure

If ETH/USD pair continues to plunge, the next support is now clustered at the $1520-$1570 range.  This new support line is the result of the convergence between 50-day moving average line and the 100-day moving average.

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Now, if this level breaks, a bear structure may form, that can send Ethereum dropping to $1,280. To sustain the bullish momentum, the bulls will have to maintain its price above $1,700.

Ethereum has triggered a massive selling pressure as it heads south providing a knife-catching break. With Ethereum’s 21% decline, this proves to validate that the bears were able to breach the ascending wedge, an important signal for bears to penetrate the market.

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In the early stage, while Ethereum was nearing the $1,900 level, or making an upward progression, there is a warning sent out regarding a liquidation that may not happen until the liquidity levels reach close to $2,020.

ETH Pullback Projected As High As $1,900

Ethereum price reached a high of $2,030 on August 12 before it cascaded down. Now, the bears have breached the 8-day and 21-day moving averages. A pullback may probably happen over the weekend.

On the other hand, another theory liked to auction market suggests that there is a possibility of retracement into the $1571 and $1450 levels. More so, the Volume Profile Indicator for ETH also confirms its bearish movement especially with the strengthening of selling pressure evident on the 1-hour time frame.

The downward trend for ETH can be invalidated if the bulls can revisit the $2030 level. On the contrary, bulls that would want to dare towards knife-catching opportunities in the 1370-$1420 range may go this direction. With that, the pullback target is projected to go at a maximum of $1,984. 

ETH total market cap at $191 billion on the daily chart | Source: TradingView.com

Featured image from Coinpedia, Chart from TradingView.com

Uniswap Price Consolidates At $7, Chance Of Moving Past Resistance Remains Bleak

Uniswap price displayed almost no movement over the last 24 hours as the coin registered 0.8% downward movement on its chart. UNI was hovering around the $7 price level and was unable to break past its closest price ceiling. If the coin does not manage to move past the resistance level then it could lose its support line.

Technical outlook for Uniswap price indicated that could it register further drop on the chart. Move to the above resistance level will be difficult as buyers have exited the market. Increased selling pressure can push Uniswap price to the next support level.

Bitcoin price also fell considerably over the last 24 hours. The coin fell to $21,000 and the altcoins moved in the same direction. Broader market weakness have made Uniswap price remain at the current price level. The global cryptocurrency market cap today is at $1.07 Trillion, with a 1.0% negative change in the last 24 hours.

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Uniswap Price Analysis: Four Hour Chart

Uniswap was priced at $7.01 on the four hour chart | Source: UNIUSD on TradingView

UNI was trading for $7.01 at the time of writing. The overhead resistance for the coin stood at $7.57. Uniswap price has been unable to move past the price ceiling which is why the coin was met with selling pressure.

A fall from the current price level will push Uniswap price to $6.90 immediately, if the coin cannot remain steady over the aforementioned level then the next price level stood at $5.99. Amount of Uniswap traded in the last session fell which meant that the selling pressure was high in the market.

Technical Analysis

Uniswap depicted fall in buying strength on the four hour chart | Source: UNIUSD on TradingView

UNI was moving laterally and this has caused selling pressure to mount on the four hour chart. It was also an indication that an upcoming fall in chart could be expected.

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The Relative Strength Index was in the oversold region however, over the last 24 hours the coin noted an uptick.

Despite the uptick sellers were considerably higher than buyers on the four hour chart. Uniswap price was below the 20-SMA line which indicated that sellers were driving the price momentum in the market.

Uniswap registered buy signal on the four hour chart | Source: UNIUSD on TradingView

UNI’s laterally trading had pushed price near to its immediate support level. The influx of sellers made technical indicator point towards a sell signal however over the last 24 hours the coin started to capture a buy signal.

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The Moving Average Convergence Divergence depicts the price momentum and reversal in the same. MACD underwent a bullish crossover with green histograms on the half-line which meant that there was buy signal for the coin.

Bollinger Bands help understand the price volatility and chance of price fluctuation. Bands were wide open and parallel which suggested that price might witness a move up or down over the upcoming trading sessions.

Hackers exploit zero day bug to steal from General Bytes Bitcoin ATMs

Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Aug. 18, which enabled the hackers to make themselves the default admins and modify settings so that all funds would be transferred to their wallet address.
The amount of funds stolen and number of ATMs compromised has not been disclosed but the company has urgently advised ATM operators to update their software.
The hack was confirmed by General Bytes on Aug. 18, which owns and operates 8827 Bitcoin ATMs that are accessible in over 120 countries. The company is headquartered in Prague, Czech Republic, which is also where the ATMs are manufactured. ATM customers can buy or sell over 40 coins.
The vulnerability has been present since the hacker’s modifications updated the CAS software to version 20201208 on Aug. 18.
General Bytes has urged customers to refrain from using their General Bytes ATM servers until they update their server to patch release 20220725.22, and 20220531.38 for customers running on 20220531.
Customers have also been advised to modify their server firewall settings so that the CAS admin interface can only be accessed from authorized IP addresses, among other things.
Before reactivating the terminals, General Bytes also reminded customers to review their ‘SELL Crypto Setting’ to ensure that the hackers didn’t modify the settings such that any received funds would instead be transferred to them (and not the customers).
General Bytes stated that several security audits had been conducted since its inception in 2020, none of which identified this vulnerability.
How the attack happened
General Bytes’ security advisory team stated in the blog that the hackers conducted a zero-day vulnerability attack to gain access to the company’s Crypto Application Server (CAS) and extract the funds.
The CAS server manages the ATM’s entire operation, which includes the execution of buying and selling of crypto on exchanges and which coins are supported.
Related: Vulnerable: Kraken reveals many US Bitcoin ATMs still use default admin QR codes
The company believes the hackers “scanned for exposed servers running on TCP ports 7777 or 443, including servers hosted on General Bytes’ own cloud service.”
From there, the hackers added themselves as a default admin on the CAS, named ‘gb’, and then proceeded to modify the ‘buy’ and ‘sell’ settings such that any crypto received by the Bitcoin ATM would instead be transferred to the hacker’s wallet address:

“The attacker was able to create an admin user remotely via CAS administrative interface via a URL call on the page that is used for the default installation on the server and creating the first administration user.”

Swyftx reduces workforce by 21 percent



Swyftx, a crypto exchange based in Australia, has reduced its workforce by about 21 percent. The exchange confirmed the development in a blog post on its official handle. According to Swyftx, the lingering poor market conditions necessitated the decision. 

The company lamented that the prevailing bear market has drastically reduced its revenue. Recall that most crypto exchanges, including Swyftx, rely on fees incurred on numerous crypto trading networks. However, a decrease in trading volume occasioned by poor market conditions has bankrupted these exchanges.

This development comes a few months after the Australian exchange merged with Sydney-based online investment platform, Superhero. As reported, the merger was intended to aid the development of a “super app.” The project, as announced, will enable users to effectively manage cryptos, shares, and superannuation in a single platform. The merger deal was reportedly worth over $1.5 billion and is set to be completed before the end of 2023.

Swyftx’s spokesperson explained that the exchange took the difficult decision to minimize expenditures. He cited recession fears, inflation, and sharp market downturns as threats to the firm’s operations. Similarly, the executives of the Australian exchange, Alex Harper and Ryan Parson, in a note also justified the decision. They noted that Swyftx is dismissing over 74 workers to cushion the effect of the prevailing market trends on the firm.

The executives hinted, “as you’re all aware, we are operating in an uncertain business environment, with domestic inflation not seen in over two decades, rising interest rates, highly volatile markets across all asset classes, and the potential for a global recession.”

They maintained that selecting employees to sack or retain was not premised on their talent or commitment to the exchange, stressing that it was done randomly. The executives admonished affected workers to see the development as the “last resort” to wrestle with the prevailing poor market trends. Harper and Parson, in the joint note, further that “we started growing our team in a very different world, and it’s now prudent to make sure our cost base is compatible with this extended period of economic uncertainty.”

Swyftx intends to avail consistent counseling and career aid to all affected employees. The company assures that employees will be able to join its stock ownership program. The exchange expresses regret over the decision, stressing that it is “deeply grateful for everything the team members who are leaving us have done, and we’re working to support them through this extremely hard period.”

Swyftx, with this development, joins the list of crypto firms that have laid off their employees. Coinbase, a similar crypto exchange, had grossly reduced its workforce a few months ago. Also, firms like Hodlnaut and Celsius did the same to cut costs.

Related

  • Hodlnaut dismisses 80 percent of its workforce
  • Polygon hires Airbnb’s HR director to head its decentralized workforce
  • Bitcoin.com Cuts Workforce by 50 Percent as Halving Nears

Tamadoge – Play to Earn Meme Coin

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  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
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Ukraine tech firms plans to accept Bitcoin

Leading Technological organizations Techno Ïzhak and Stylus have revealed plans to adopt Bitcoin. The organizations intend to start accepting BTC as a means of payment throughout its outlets.

Lately, BTC has been growing rapidly in popularity across Ukraine. Since Russia’s inception of the war, Bitcoin has enjoyed strong attention. Therefore, prompting Techno Ïzhak and Stylus to adopt It. 

However, the innovation isn’t limited to their physical outlets alone. Customers can also settle their bills on their online stores using Bitcoin. Furthermore, the in-store payments will be facilitated by crypto Point-Of-Sale service provider, WhitePay. Thus, every receipt regarding transactions birthed by this innovation will carry a QR code of WhitePay. The receipt will include other details like a commission paid, transaction type, network, exchange rate, and the timeframe of the transaction. 

Whitepay is a payment solution initiated through WhiteBIT’s ecosystem. In Europe, WhiteBIT remains the largest crypto exchange. The exchange has initiated numerous projects in and outside Ukraine. It’s imperative to note that our plans include the organizations and WhiteBIT. Soon, Making payments through the crypto exchange for products by Techno Ïzhak and Stylus will come with additional offers. Customers are privileged to utilize over 130 cryptos to settle their bills with Techno Ïzhak.

The CEO of Whitepay, Gleb Udovichenko, reflected on the innovation. According to him, Ukraine isn’t in the first year leading the charge regarding crypto owners and the volume of transactions worldwide. He added that Whitepay provides buyers with various options for buying virtual assets. 

Meanwhile, crypto adoption in Ukraine has been gaining world attention since the war’s inception. On the negative side, the price of BTC has plummeted since the war too. The prices of most crypto tokens have plugged to a yearly low in the past few months.

The Vice Prime Minister and Minister of Digital Transformation of Ukraine, Mykhailo Federov, reflected on how crypto has helped the country since the start of the war. He recalled how the AidForUkraine, a crypto community-sponsored initiative, has raised close to $54 million. These funds have assisted the country in purchasing ammunition and other war equipment to repel Russia’s advances. Russia has also garnered about $2 million in crypto donations to fund the Ukraine war. The Russia-Ukraine conflict has sparked numerous debates about the future of crypto, its usefulness, and its negative impact.

Related

  • Ukraine uses $54M worth of crypto aid to buy military gear
  • Ukraine government supports the use of crypto in military activities
  • Ukraine restricts Bitcoin purchases using local currency

Tamadoge – Play to Earn Meme Coin

Our Rating

  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

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