Lumerin Launches Public Testnet For Decentralized Bitcoin Mining Hashpower Marketplace

Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday.

Market observers have been keeping a close eye on First Republic Bank since the collapse of three major banks in March. The bank disclosed earlier this month that it experienced $100 billion in withdrawals by customers in March, following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank. Additionally, 11 banks injected $30 billion into First Republic Bank to strengthen its reserves.

On Friday, Reuters reported that the U.S. government is coordinating with the bank’s advisers to possibly save First Republic Bank, as talks led by the advisers have yet to reach a deal in the private-sector. This development comes after rumors emerged three days earlier that the bank would enter federal receivership. According to Reuters reporters Nupur Anand, Andrea Shalal, and Greg Roumeliotis, three sources familiar with the situation say:

U.S. officials are coordinating urgent talks to rescue First Republic Bank.

The Reuters report notes that two sources have revealed that executives from First Republic Bank are actively searching for a rescue deal, and U.S. officials are of the opinion that a private-sector agreement would be “preferable.” The collapse of First Republic Bank, the 14th largest bank in the U.S., could lead to further contagion in the banking sector. Moreover, the U.S. central bank is set to release a post-mortem on Silicon Valley Bank this afternoon.

“We are engaged in discussions with multiple parties about our strategic options while continuing to serve our clients,” First Republic said in a statement to Reuters.

What do you think the potential impact of a First Republic Bank collapse would be on the broader banking sector? Share your thoughts about this subject in the comments section below.

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 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Michael Vi / Shutterstock.com

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.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday.

Market observers have been keeping a close eye on First Republic Bank since the collapse of three major banks in March. The bank disclosed earlier this month that it experienced $100 billion in withdrawals by customers in March, following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank. Additionally, 11 banks injected $30 billion into First Republic Bank to strengthen its reserves.

On Friday, Reuters reported that the U.S. government is coordinating with the bank’s advisers to possibly save First Republic Bank, as talks led by the advisers have yet to reach a deal in the private-sector. This development comes after rumors emerged three days earlier that the bank would enter federal receivership. According to Reuters reporters Nupur Anand, Andrea Shalal, and Greg Roumeliotis, three sources familiar with the situation say:

U.S. officials are coordinating urgent talks to rescue First Republic Bank.

The Reuters report notes that two sources have revealed that executives from First Republic Bank are actively searching for a rescue deal, and U.S. officials are of the opinion that a private-sector agreement would be “preferable.” The collapse of First Republic Bank, the 14th largest bank in the U.S., could lead to further contagion in the banking sector. Moreover, the U.S. central bank is set to release a post-mortem on Silicon Valley Bank this afternoon.

“We are engaged in discussions with multiple parties about our strategic options while continuing to serve our clients,” First Republic said in a statement to Reuters.

What do you think the potential impact of a First Republic Bank collapse would be on the broader banking sector? Share your thoughts about this subject in the comments section below.

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 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Michael Vi / Shutterstock.com

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.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to 196.22 bitcoin, equivalent to $5.78 million.

The trend of Ordinal inscriptions on the Bitcoin blockchain continues to grow, with over 2,116,396 inscriptions discovered at the time of writing. These inscriptions are composed of various formats such as text, video, images, applications, and audio.

Dune Analytics statistics reveal that 67.6% of all inscriptions are in text form, while 22.6% are images in the form of JPG or PNG files. Moreover, more than 13,000 Ordinal inscriptions include an application, and over 6,000 image inscriptions are animated. There are several collections of Ordinal inscriptions that have gained popularity and have established floor values and weekly trade volumes.

According to data from ordinalswallet.com, the highest trade volume this week was observed for Clay Pepes, with 4.57 BTC or $134,082 in seven-day trade volume. The collections following Clay Pepes in terms of trade volume are Sub-100K, Bitcoin Punks, Pixel Pepes, Sub-10K, and BTC Machines, respectively. While the Ordinal inscription trend surpassed 2 million inscriptions, it coincided with the discovery of a bug that resulted in the orphaning of 1,200 inscriptions from the index.

Leonidas.og, a historian of non-fungible tokens (NFTs), explained that the orphaned inscriptions occurred just before inscription number 420,285. “The bug was caused by the ordinals protocol only counting inscriptions that were in the first input of a transaction,” the NFT historian added. Furthermore, even with the introduction of new blockchain features such as Bitcoin Stamps and Litecoin-based Ordinal inscriptions, the trend of BTC-based Ordinal inscriptions has not been affected.

Currently, there are just over 18,500 stamps on the Bitcoin blockchain since the project’s inception. On the other hand, Litecoin Ordinal inscriptions have seen more activity with 224,060 inscriptions, but the trend of LTC-based inscriptions has slowed down in recent times. Despite the introduction of these new features, the popularity of Ordinal inscriptions continues to grow, indicating a strong and resilient market for this type of digital collectible scheme.

What do you think the future holds for the Ordinal inscription trend on the Bitcoin blockchain? Will we see continued growth in popularity, or will it eventually plateau? Share your thoughts in the comments section below.

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 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to 196.22 bitcoin, equivalent to $5.78 million.

The trend of Ordinal inscriptions on the Bitcoin blockchain continues to grow, with over 2,116,396 inscriptions discovered at the time of writing. These inscriptions are composed of various formats such as text, video, images, applications, and audio.

Dune Analytics statistics reveal that 67.6% of all inscriptions are in text form, while 22.6% are images in the form of JPG or PNG files. Moreover, more than 13,000 Ordinal inscriptions include an application, and over 6,000 image inscriptions are animated. There are several collections of Ordinal inscriptions that have gained popularity and have established floor values and weekly trade volumes.

According to data from ordinalswallet.com, the highest trade volume this week was observed for Clay Pepes, with 4.57 BTC or $134,082 in seven-day trade volume. The collections following Clay Pepes in terms of trade volume are Sub-100K, Bitcoin Punks, Pixel Pepes, Sub-10K, and BTC Machines, respectively. While the Ordinal inscription trend surpassed 2 million inscriptions, it coincided with the discovery of a bug that resulted in the orphaning of 1,200 inscriptions from the index.

Leonidas.og, a historian of non-fungible tokens (NFTs), explained that the orphaned inscriptions occurred just before inscription number 420,285. “The bug was caused by the ordinals protocol only counting inscriptions that were in the first input of a transaction,” the NFT historian added. Furthermore, even with the introduction of new blockchain features such as Bitcoin Stamps and Litecoin-based Ordinal inscriptions, the trend of BTC-based Ordinal inscriptions has not been affected.

Currently, there are just over 18,500 stamps on the Bitcoin blockchain since the project’s inception. On the other hand, Litecoin Ordinal inscriptions have seen more activity with 224,060 inscriptions, but the trend of LTC-based inscriptions has slowed down in recent times. Despite the introduction of these new features, the popularity of Ordinal inscriptions continues to grow, indicating a strong and resilient market for this type of digital collectible scheme.

What do you think the future holds for the Ordinal inscription trend on the Bitcoin blockchain? Will we see continued growth in popularity, or will it eventually plateau? Share your thoughts in the comments section below.

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 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. Asset-packaged NFT issuance and trading platform Coresky announced that it will launch its second Launchpad on May 7th, Eastern Time. As the world’s first Asset-packaged NFT issuance and trading platform, Coresky continues to offer its second Launchpad after the successful issuance of the Celestia-packaged NFT in the first Launchpad project.

In this Launchpad, Coresky platform will mint its own 800,000 Hole tokens, with a total value of up to $250,000, into multiple Wormhole-packaged NFTs. This digital asset will mint the primary market Wormhole project token Hole into NFT form. Users who hold Wormhole-packaged NFT represent that they have primary market tokens for the Wormhole project.

Wormhole is a well-known cross-chain protocol in the current Web3 industry. Currently, the protocol has successfully transmitted billions of messages with a total transaction volume exceeding $35B. Wormhole connects multiple public chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis, and it is one of the few cross-chain products that support multiple different types of public chains for the unpublished token.

Only users who hold Coresky’s identity NFT CoreCard can participate in the Wormhole-packaged NFT issuance subscription. Currently, users can mint CoreCard for free by logging into the Coresky platform. CoreCard is divided into six levels, and users at levels 4-5 will receive a total value of $50,000 worth of Wormhole-packaged NFTs given away for free by the platform. Users can choose to upgrade their CoreCard to V4 or V5 level through trading mining on the Coresky platform or directly purchase V4 and V5 level CoreCards in the Coresky Marketplace.

In the Launchpad event of this period’s Wormhole-packaged NFT, Coresky will take a snapshot of the addresses holding CoreCard V4 and V5 at 00:00 on May 5th Eastern Time. At that time, it will be announced how many Wormhole-packaged NFTs can be obtained for free by V4 and V5 level CoreCard holders.

Coresky Launchpad focuses on issuing Asset-packaged NFTs. The first Launchpad project, Celestia-packaged NFT, has been successfully sold with a user winning rate of 5.2%, and the NFT’s price increased by 35% on the day of sale. Users holding the highest level CoreCard V5 on the platform earned an average income of about 2 ETH. With the continuous launch of Coresky Launchpad Asset-packaged NFT projects and the ongoing free allocation of platform Asset-packaged NFT quotas to CoreCard V4 and V5 users, they will continue to receive substantial profits.

Currently, the Asset-packaged NFTs pioneered by the platform mainly package tokens that have not been issued in the primary market. Users who hold this Asset-packaged NFT will receive the corresponding tokens when the corresponding project goes live. The token unlocking mechanism for each period of Coresky Launchpad Asset-packaged NFT depends on the primary market investment rounds of Coresky platform in that project. For example, in the case of Wormhole-packaged NFTs, the investment round of Coresky platform is the institutional round, and the Hole token will be locked for one year and then unlocked linearly over the following three years. Users who hold Wormhole-packaged NFT only need to wait for the token to be unlocked and then claim it on the chain to obtain the token.

Users who want to participate in this period’s Launchpad need to mint and bind CoreCard on the Coresky official website. After meeting the 7×24 hour time requirements, users will receive Tickets produced by CoreCard. Using Tickets, users can participate in the new issuance activity of Wormhole-packaged NFTs. Users who are selected will gain the right to mint Wormhole-packaged NFTs.

Coresky is the global leader in Asset-packaged NFT issuance and trading platforms. The launch of this second Launchpad further proves its leading position. Coresky’s Asset-packaged NFTs provide users with the opportunity to participate in investing in the primary market of the Web3 industry, while also expanding the types of NFTs, breaking the boundaries of NFTs, and creating a new model for trading equity-based NFTs.

Users from the global crypto industry are welcome to log on to the Coresky trading platform to learn more:

Coresky trading platform: https://www.coresky.com/

Twitter: https://twitter.com/Coreskyofficial

Discord: https://discord.gg/coresky

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

PRESS RELEASE. Asset-packaged NFT issuance and trading platform Coresky announced that it will launch its second Launchpad on May 7th, Eastern Time. As the world’s first Asset-packaged NFT issuance and trading platform, Coresky continues to offer its second Launchpad after the successful issuance of the Celestia-packaged NFT in the first Launchpad project.

In this Launchpad, Coresky platform will mint its own 800,000 Hole tokens, with a total value of up to $250,000, into multiple Wormhole-packaged NFTs. This digital asset will mint the primary market Wormhole project token Hole into NFT form. Users who hold Wormhole-packaged NFT represent that they have primary market tokens for the Wormhole project.

Wormhole is a well-known cross-chain protocol in the current Web3 industry. Currently, the protocol has successfully transmitted billions of messages with a total transaction volume exceeding $35B. Wormhole connects multiple public chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis, and it is one of the few cross-chain products that support multiple different types of public chains for the unpublished token.

Only users who hold Coresky’s identity NFT CoreCard can participate in the Wormhole-packaged NFT issuance subscription. Currently, users can mint CoreCard for free by logging into the Coresky platform. CoreCard is divided into six levels, and users at levels 4-5 will receive a total value of $50,000 worth of Wormhole-packaged NFTs given away for free by the platform. Users can choose to upgrade their CoreCard to V4 or V5 level through trading mining on the Coresky platform or directly purchase V4 and V5 level CoreCards in the Coresky Marketplace.

In the Launchpad event of this period’s Wormhole-packaged NFT, Coresky will take a snapshot of the addresses holding CoreCard V4 and V5 at 00:00 on May 5th Eastern Time. At that time, it will be announced how many Wormhole-packaged NFTs can be obtained for free by V4 and V5 level CoreCard holders.

Coresky Launchpad focuses on issuing Asset-packaged NFTs. The first Launchpad project, Celestia-packaged NFT, has been successfully sold with a user winning rate of 5.2%, and the NFT’s price increased by 35% on the day of sale. Users holding the highest level CoreCard V5 on the platform earned an average income of about 2 ETH. With the continuous launch of Coresky Launchpad Asset-packaged NFT projects and the ongoing free allocation of platform Asset-packaged NFT quotas to CoreCard V4 and V5 users, they will continue to receive substantial profits.

Currently, the Asset-packaged NFTs pioneered by the platform mainly package tokens that have not been issued in the primary market. Users who hold this Asset-packaged NFT will receive the corresponding tokens when the corresponding project goes live. The token unlocking mechanism for each period of Coresky Launchpad Asset-packaged NFT depends on the primary market investment rounds of Coresky platform in that project. For example, in the case of Wormhole-packaged NFTs, the investment round of Coresky platform is the institutional round, and the Hole token will be locked for one year and then unlocked linearly over the following three years. Users who hold Wormhole-packaged NFT only need to wait for the token to be unlocked and then claim it on the chain to obtain the token.

Users who want to participate in this period’s Launchpad need to mint and bind CoreCard on the Coresky official website. After meeting the 7×24 hour time requirements, users will receive Tickets produced by CoreCard. Using Tickets, users can participate in the new issuance activity of Wormhole-packaged NFTs. Users who are selected will gain the right to mint Wormhole-packaged NFTs.

Coresky is the global leader in Asset-packaged NFT issuance and trading platforms. The launch of this second Launchpad further proves its leading position. Coresky’s Asset-packaged NFTs provide users with the opportunity to participate in investing in the primary market of the Web3 industry, while also expanding the types of NFTs, breaking the boundaries of NFTs, and creating a new model for trading equity-based NFTs.

Users from the global crypto industry are welcome to log on to the Coresky trading platform to learn more:

Coresky trading platform: https://www.coresky.com/

Twitter: https://twitter.com/Coreskyofficial

Discord: https://discord.gg/coresky

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

PRESS RELEASE. Winning Casino and Sportsbook, launched five months ago in November 2022, is already making waves in the online gaming industry. Operating under a Curacao license, the platform is rapidly becoming a premier destination for crypto players, owing to its simplified KYC policy, VPN-friendly access, innovative payment solutions, and exciting gamification features.

It’s safe to say that Winning is evolving into a dynamic gaming hub where the realms of crypto and iGaming seamlessly intertwine, catering to players seeking both privacy and convenience.

Uncompromised Privacy, Expedited Transactions

By fine-tuning its KYC policies, Winning Casino & Sports aims to minimize the inconvenience of lengthy verification processes for players. As a result, they can now enjoy lightning-fast transactions and uninterrupted gaming experiences. The platform puts a strong emphasis on preserving the privacy and anonymity of its users. Thus safeguarding its records of players’ personal information.

Upon signing up, players are not obliged to reveal sensitive data, allowing them to savor the games with total peace of mind. They can also easily use a VPN service to access the platform without facing draconian restrictions based on their location. Thus, this user-centric approach sets Winning Casino & Sports apart from other platforms, making it an appealing choice for privacy-conscious gamers.

Embracing Various Digital Assets

Crypto players can choose from various digital assets supported by Winning Casino & Sports, including BTC, BCH, ETH, LTC, DOG, USDT, XRP, ADA, BNB, and TRX. These digital coins are the most established in the crypto space. Whenever new crypto trends are set to soar, Winning quickly endorses them. So it can always stay one step ahead of crypto players’ expectations.

Additionally, players can easily fund their accounts at Winning. All they have to do is scan the QR code from their player account to their preferred crypto wallet. Thus, depositing and withdrawing funds can be effortless and efficient.

Winning is About Fun, Not Just Profit

Winning Casino & Sports is committed to elevating players’ gaming experiences through exclusive promotions and bonuses. Newcomers at Winning Casino are greeted with a generous welcome offer: a 100% match on their first deposit up to μ₿8,000 and an additional 150 free spins. In addition, new players at Winning Sportsbook receive μ₿1,300 Risk-Free Bet. This enticing bonus sets the stage for a thrilling gaming journey from the very beginning.

Moreover, all players are automatically enrolled in the prestigious Winning Club, where they can advance through various divisions and reap the benefits of numerous perks and surprise gifts. The platform keeps its users engaged with a range of casino missions, tournaments, free bets, and sports promotions, thanks to integrating the innovative tool of Unibo. All these engaging elements ensure an entertaining experience beyond just monetary gains.

Broad Collection of Crypto-Accommodating Games

On one hand, Winning Casino & Sports offers a vast selection of modern video slots, table games, and live casino games compatible with crypto assets. They are neatly organized in the Winning Bitcoin games section, where players can easily navigate through and find their favorite games in no time.

While on the other hand, Winning is particularly renowned for its extensive collection of crash games. These games are very popular among crypto players. They feature 2D graphics, colorful themes, and a unique gambling format. Above all, they are provably fair. It means they utilize robust encryption and real-time monitoring of game results, with RNG, seed generators, and hash functions. Thus the gameplay is 100% transparent.

In addition to its casino offerings, Winning has a separate Sports betting platform. Players can enjoy 25 different sports betting categories, covering all popular games and events with a wide range of betting lines. Of course, all bets can be placed using crypto assets.

To sum up, Winning represents a full-scale model of crypto gaming. The simplified KYC policies, VPN friendliness, and support for multiple digital assets, offer the right solutions to crypto players. Moreover, Winning is not only about privacy and swift transactions, it’s also the right place for those looking to enrich their gaming experience, catering to both sports bettors and casino enthusiasts.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

PRESS RELEASE. Winning Casino and Sportsbook, launched five months ago in November 2022, is already making waves in the online gaming industry. Operating under a Curacao license, the platform is rapidly becoming a premier destination for crypto players, owing to its simplified KYC policy, VPN-friendly access, innovative payment solutions, and exciting gamification features.

It’s safe to say that Winning is evolving into a dynamic gaming hub where the realms of crypto and iGaming seamlessly intertwine, catering to players seeking both privacy and convenience.

Uncompromised Privacy, Expedited Transactions

By fine-tuning its KYC policies, Winning Casino & Sports aims to minimize the inconvenience of lengthy verification processes for players. As a result, they can now enjoy lightning-fast transactions and uninterrupted gaming experiences. The platform puts a strong emphasis on preserving the privacy and anonymity of its users. Thus safeguarding its records of players’ personal information.

Upon signing up, players are not obliged to reveal sensitive data, allowing them to savor the games with total peace of mind. They can also easily use a VPN service to access the platform without facing draconian restrictions based on their location. Thus, this user-centric approach sets Winning Casino & Sports apart from other platforms, making it an appealing choice for privacy-conscious gamers.

Embracing Various Digital Assets

Crypto players can choose from various digital assets supported by Winning Casino & Sports, including BTC, BCH, ETH, LTC, DOG, USDT, XRP, ADA, BNB, and TRX. These digital coins are the most established in the crypto space. Whenever new crypto trends are set to soar, Winning quickly endorses them. So it can always stay one step ahead of crypto players’ expectations.

Additionally, players can easily fund their accounts at Winning. All they have to do is scan the QR code from their player account to their preferred crypto wallet. Thus, depositing and withdrawing funds can be effortless and efficient.

Winning is About Fun, Not Just Profit

Winning Casino & Sports is committed to elevating players’ gaming experiences through exclusive promotions and bonuses. Newcomers at Winning Casino are greeted with a generous welcome offer: a 100% match on their first deposit up to μ₿8,000 and an additional 150 free spins. In addition, new players at Winning Sportsbook receive μ₿1,300 Risk-Free Bet. This enticing bonus sets the stage for a thrilling gaming journey from the very beginning.

Moreover, all players are automatically enrolled in the prestigious Winning Club, where they can advance through various divisions and reap the benefits of numerous perks and surprise gifts. The platform keeps its users engaged with a range of casino missions, tournaments, free bets, and sports promotions, thanks to integrating the innovative tool of Unibo. All these engaging elements ensure an entertaining experience beyond just monetary gains.

Broad Collection of Crypto-Accommodating Games

On one hand, Winning Casino & Sports offers a vast selection of modern video slots, table games, and live casino games compatible with crypto assets. They are neatly organized in the Winning Bitcoin games section, where players can easily navigate through and find their favorite games in no time.

While on the other hand, Winning is particularly renowned for its extensive collection of crash games. These games are very popular among crypto players. They feature 2D graphics, colorful themes, and a unique gambling format. Above all, they are provably fair. It means they utilize robust encryption and real-time monitoring of game results, with RNG, seed generators, and hash functions. Thus the gameplay is 100% transparent.

In addition to its casino offerings, Winning has a separate Sports betting platform. Players can enjoy 25 different sports betting categories, covering all popular games and events with a wide range of betting lines. Of course, all bets can be placed using crypto assets.

To sum up, Winning represents a full-scale model of crypto gaming. The simplified KYC policies, VPN friendliness, and support for multiple digital assets, offer the right solutions to crypto players. Moreover, Winning is not only about privacy and swift transactions, it’s also the right place for those looking to enrich their gaming experience, catering to both sports bettors and casino enthusiasts.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

PRESS RELEASE. Zagreb, Croatia, 28th April 2023, Chainwire

AIGameToEarn, an innovative platform combining artificial intelligence and gaming, started the whitelisting signups for its upcoming launch. The list is open to 2,000 lucky individuals, of which 200 spots are reserved for contributors, giveaways, and contest winners. Those who hurry and get whitelisted can purchase two AI NFTs on the mint day and participate in the platform’s $100,000 leaderboard.

Making the whitelist is not a prerequisite for enjoying AIGameToEarn. On the contrary, those who miss this chance can still earn rewards by completing quests and participating in the community. The whitelisting process will end on May 15.

Here’s how to join the whitelist:

All interested gamers and crypto enthusiasts can join AIGameToEarn to participate in giveaways and contests. Also, they can complete quests designed for effortless progression. Lastly, they can contribute to the project and become part of the community.

About AIGameToEarn

AIGameToEarn is an emerging platform for Web3 gaming that is open to everyone, regardless of age or gaming experience. The project plans to have a revolutionary impact on the rapidly-growing industry of blockchain-based games. Its Web3 GameToEarn concept enables players to create their own gaming experience and own unique game assets safely stored on the blockchain.

Users can enjoy various games on AIGameToEarn in an inclusive environment for crypto enthusiasts and gamers. They can own game outcomes, increase game capital, play, learn, and earn while having fun.

Behind AIGameToEarn is a 20+ team of professionals from the video game sector working together for the past 9 years. During this period, they collaborated on numerous gaming projects with renowned publishers, such as Voodoo (Tencent), Rollic (Take-Two), SuperSonic (IronSource), Lion Studios (AppLovin), and Modus Games (Zordix).

AIGameToEarn aims to make web3 gaming more accessible to casual gamers and provide them with earning opportunities. The platform employs a free-to-play model, where everyone can play, have fun, and potentially earn without prior experience.

AIGameToEarn offers 5 games and a $100,000 monthly leaderboard to distribute among the best-performing players. Whitelisting is now open, and the platform is rapidly running out of free spots.

Those interested to join can do so here. For more information about AIGameToEarn, visit:

Website |Twitter | Telegram | Discord | YouTube

Contact

Martin Lisak

Martin@exordiumgames.com

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

PRESS RELEASE. Zagreb, Croatia, 28th April 2023, Chainwire

AIGameToEarn, an innovative platform combining artificial intelligence and gaming, started the whitelisting signups for its upcoming launch. The list is open to 2,000 lucky individuals, of which 200 spots are reserved for contributors, giveaways, and contest winners. Those who hurry and get whitelisted can purchase two AI NFTs on the mint day and participate in the platform’s $100,000 leaderboard.

Making the whitelist is not a prerequisite for enjoying AIGameToEarn. On the contrary, those who miss this chance can still earn rewards by completing quests and participating in the community. The whitelisting process will end on May 15.

Here’s how to join the whitelist:

All interested gamers and crypto enthusiasts can join AIGameToEarn to participate in giveaways and contests. Also, they can complete quests designed for effortless progression. Lastly, they can contribute to the project and become part of the community.

About AIGameToEarn

AIGameToEarn is an emerging platform for Web3 gaming that is open to everyone, regardless of age or gaming experience. The project plans to have a revolutionary impact on the rapidly-growing industry of blockchain-based games. Its Web3 GameToEarn concept enables players to create their own gaming experience and own unique game assets safely stored on the blockchain.

Users can enjoy various games on AIGameToEarn in an inclusive environment for crypto enthusiasts and gamers. They can own game outcomes, increase game capital, play, learn, and earn while having fun.

Behind AIGameToEarn is a 20+ team of professionals from the video game sector working together for the past 9 years. During this period, they collaborated on numerous gaming projects with renowned publishers, such as Voodoo (Tencent), Rollic (Take-Two), SuperSonic (IronSource), Lion Studios (AppLovin), and Modus Games (Zordix).

AIGameToEarn aims to make web3 gaming more accessible to casual gamers and provide them with earning opportunities. The platform employs a free-to-play model, where everyone can play, have fun, and potentially earn without prior experience.

AIGameToEarn offers 5 games and a $100,000 monthly leaderboard to distribute among the best-performing players. Whitelisting is now open, and the platform is rapidly running out of free spots.

Those interested to join can do so here. For more information about AIGameToEarn, visit:

Website |Twitter | Telegram | Discord | YouTube

Contact

Martin Lisak

Martin@exordiumgames.com

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

PRESS RELEASE. London, UK, April 28th 2023, Chainwire. AmazeWallet has seen a significant increase in the number of miners using their mobile phones to validate transactions on AmazeChain, the app’s proprietary Layer 1 blockchain. The number of users running light nodes to decentralize and secure the network has shot up to over 11,000 during the past week. Light node technology makes it possible for anyone to validate the blockchain from anywhere in the world.

The 3,293% growth in the number of testnet miners validating transactions on AmazeChain is particularly impressive given the AmazeWallet app is yet to have its full launch, which is scheduled for mid-June. Overall, nearly 100,000 test users have downloaded the app since it launched on the testnet in November 2022.

The positive news comes amid other signs of strong pre-launch momentum for AmazeWallet. The company has already signed partnerships with OnRamp, a major DEX aggregation platform, two centralized token exchanges and a string of top international artists who will produce work exclusively for AmazeWallet’s native NFT marketplace.

Alongside these significant partnerships, AmazeWallet recently attended and presented at both the Global Blockchain Congress and ETH Dubai, where the wider Web3 world got to hear first-hand about the super-fast verification calculations that make mobile mining possible.

Until now, users have been testing the network’s capacity by staking testnet tokens. In turn, AmazeWallet is rewarding the top testnet miners with a Genesis NFT. It’s all in the name of a final stress test for AmazeChain’s advanced sharding technology, which is capable of processing over 300,000 transactions per second.

After more than six years of building and multiple technological breakthroughs, such as sharding, layering and ZK proofs, the ecosystem is nearly ready. Soon, users worldwide can contribute to network security and decentralization, in return for daily rewards in AMT tokens.

Revolutionary tech, truly decentralized

While older generation blockchains like Ethereum and Bitcoin offer a form of semi-decentralization, AmazeWallet ensures a true dispersion of power by spreading it globally, at a fraction of the costs we usually see with other chains, and with better performance. Unlike with the legacy networks, anyone can start securing the network, with their phone acting as a full node connected directly to AmazeChain. All they need to do is download AmazeWallet to their mobile and stake the native token AMT.

AmazeWallet COO Ed Ball sees the technological breakthrough as the new standard in blockchain capability, the next era of worldwide networks that everyone can participate in.

‘We’re excited for more people to join our beta test, run a node and try out this new technology. We’re bringing the benefits of blockchain to everyday users, not just the select few with coding knowledge. Everyone should trust their digital tools and we’re all entitled to self-sovereignty online. The new generation of infrastructure must be more efficient and mobile, easy to access for anyone.’

A worldwide team of more than 400 coding contributors began work on AmazeChain over six years ago, many of them alumni from tech giants like Google, Apple, Amazon, Tencent and Dell. With their vast shared experience, they identified older blockchains’ limitations, but also recognised their successes. They learned from both and made AmazeChain fully capable of dealing with users’ needs.

AmazeWallet is leading the industry forward with an easy-to-use, fully integrated ecosystem where application and blockchain work together in sync. The benefit for the users: blockchain security, transaction speeds for the modern world, and the chance to participate in the network in return for rewards. It’s everything people expect, just more.

AmazeWallet features and roadmap

AmazeWallet is a mobile app that acts as the portal to AmazeChain. It has four key features that cover the most important areas of the Web3 landscape:

In time, AmazeWallet will add new features and upgrade the current ones. Although the app’s full launch is planned for the middle of June, the team is already planning AmazePay, for which they’ve recently been granted a license in Canada in preparation for testing. People will be able to integrate their crypto holdings into everyday life. Paying for groceries, buying food, transport, online goods and ordering that all-important coffee in the morning.

Every time users open the AmazeWallet app, they can validate blocks to receive daily AMT rewards. App users who have staked AMT can begin mining the native chain for daily mining rewards when the app launches on mainnet this quarter.

About Amaze

Amaze was founded in 2017 and is made up of 75 engineers, designers, marketers and executives. The ecosystem comprises a mobile app and blockchain. Together, the two products set a new standard for self-custodial management in digital life. The native AMT token was launched in 2023 and the AmazeWallet app will receive its full launch later in the year. Amaze places real ownership and control back in users’ hands, using Web3 technology that anyone can access. With AmazeWallet and AmazeChain working together in sync, people can curate their digital lives, securely and safely.

Start using AmazeWallet

Download AmazeWallet on Android

Download AmazeWallet on iOS

To take ownership of your digital life, visit AmazeWallet

Follow us on social media Twitter l Discord l Telegram

Contact

Charlie Butler

media@amazewallet.com

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse

United Arab Emirates (UAE) airliner, Emirates, has announced plans to launch non-fungible tokens (NFT) and experiences in the metaverse for its workers and customers. The launch aligns with UAE's digital economy and virtual assets initiatives. First Projects Already Underway The ... read more.

PRESS RELEASE. London, UK, April 28th 2023, Chainwire. AmazeWallet has seen a significant increase in the number of miners using their mobile phones to validate transactions on AmazeChain, the app’s proprietary Layer 1 blockchain. The number of users running light nodes to decentralize and secure the network has shot up to over 11,000 during the past week. Light node technology makes it possible for anyone to validate the blockchain from anywhere in the world.

The 3,293% growth in the number of testnet miners validating transactions on AmazeChain is particularly impressive given the AmazeWallet app is yet to have its full launch, which is scheduled for mid-June. Overall, nearly 100,000 test users have downloaded the app since it launched on the testnet in November 2022.

The positive news comes amid other signs of strong pre-launch momentum for AmazeWallet. The company has already signed partnerships with OnRamp, a major DEX aggregation platform, two centralized token exchanges and a string of top international artists who will produce work exclusively for AmazeWallet’s native NFT marketplace.

Alongside these significant partnerships, AmazeWallet recently attended and presented at both the Global Blockchain Congress and ETH Dubai, where the wider Web3 world got to hear first-hand about the super-fast verification calculations that make mobile mining possible.

Until now, users have been testing the network’s capacity by staking testnet tokens. In turn, AmazeWallet is rewarding the top testnet miners with a Genesis NFT. It’s all in the name of a final stress test for AmazeChain’s advanced sharding technology, which is capable of processing over 300,000 transactions per second.

After more than six years of building and multiple technological breakthroughs, such as sharding, layering and ZK proofs, the ecosystem is nearly ready. Soon, users worldwide can contribute to network security and decentralization, in return for daily rewards in AMT tokens.

Revolutionary tech, truly decentralized

While older generation blockchains like Ethereum and Bitcoin offer a form of semi-decentralization, AmazeWallet ensures a true dispersion of power by spreading it globally, at a fraction of the costs we usually see with other chains, and with better performance. Unlike with the legacy networks, anyone can start securing the network, with their phone acting as a full node connected directly to AmazeChain. All they need to do is download AmazeWallet to their mobile and stake the native token AMT.

AmazeWallet COO Ed Ball sees the technological breakthrough as the new standard in blockchain capability, the next era of worldwide networks that everyone can participate in.

‘We’re excited for more people to join our beta test, run a node and try out this new technology. We’re bringing the benefits of blockchain to everyday users, not just the select few with coding knowledge. Everyone should trust their digital tools and we’re all entitled to self-sovereignty online. The new generation of infrastructure must be more efficient and mobile, easy to access for anyone.’

A worldwide team of more than 400 coding contributors began work on AmazeChain over six years ago, many of them alumni from tech giants like Google, Apple, Amazon, Tencent and Dell. With their vast shared experience, they identified older blockchains’ limitations, but also recognised their successes. They learned from both and made AmazeChain fully capable of dealing with users’ needs.

AmazeWallet is leading the industry forward with an easy-to-use, fully integrated ecosystem where application and blockchain work together in sync. The benefit for the users: blockchain security, transaction speeds for the modern world, and the chance to participate in the network in return for rewards. It’s everything people expect, just more.

AmazeWallet features and roadmap

AmazeWallet is a mobile app that acts as the portal to AmazeChain. It has four key features that cover the most important areas of the Web3 landscape:

In time, AmazeWallet will add new features and upgrade the current ones. Although the app’s full launch is planned for the middle of June, the team is already planning AmazePay, for which they’ve recently been granted a license in Canada in preparation for testing. People will be able to integrate their crypto holdings into everyday life. Paying for groceries, buying food, transport, online goods and ordering that all-important coffee in the morning.

Every time users open the AmazeWallet app, they can validate blocks to receive daily AMT rewards. App users who have staked AMT can begin mining the native chain for daily mining rewards when the app launches on mainnet this quarter.

About Amaze

Amaze was founded in 2017 and is made up of 75 engineers, designers, marketers and executives. The ecosystem comprises a mobile app and blockchain. Together, the two products set a new standard for self-custodial management in digital life. The native AMT token was launched in 2023 and the AmazeWallet app will receive its full launch later in the year. Amaze places real ownership and control back in users’ hands, using Web3 technology that anyone can access. With AmazeWallet and AmazeChain working together in sync, people can curate their digital lives, securely and safely.

Start using AmazeWallet

Download AmazeWallet on Android

Download AmazeWallet on iOS

To take ownership of your digital life, visit AmazeWallet

Follow us on social media Twitter l Discord l Telegram

Contact

Charlie Butler

media@amazewallet.com

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse

United Arab Emirates (UAE) airliner, Emirates, has announced plans to launch non-fungible tokens (NFT) and experiences in the metaverse for its workers and customers. The launch aligns with UAE's digital economy and virtual assets initiatives. First Projects Already Underway The ... read more.

PRESS RELEASE. Dubai, UAE – DeFi infrastructure protocol WeFi (formerly Paxo Finance), is preparing to launch through an IDO to be held on May 5 through its launchpad partner Kommunitas. WeFi will focus on building products for the masses, aiming to solve the fragmentation and UX issues prevalent in the DeFi space by bringing a more inclusive and easier-to-use DeFi experience for all.

With backing from the likes of Cogitent Ventures, Big Brain Capital, PHD Capital, Zebpay, China Polka, BMW Capital and many others, WeFi’s grand vision is to bring the next wave of millions of users to DeFi in a truly decentralized and compliant way. WeFi (short for “We Finance”) was created to address traders, crypto investors, and market makers’ biggest pain points, including high funding rates, high slippage, and flash liquidation.

Its first product release will be the “leveraged vault” – a third-generation DeFi product that lets users leverage everything, including leveraged trades, leveraged farms, and leveraged staking. This will allow users to stake or farm their leveraged asset within the protocol to earn additional yield. This is a significantly better alternative to typical margin trading because it enables users to earn passive income by farming and staking with their leveraged position. WeFi will also offer interest rates 80% cheaper than other margin platforms, providing users with more cost-effective options.

WeFi’s permissionless, trustless leverage vault is for traders, farmers, and even those new to DeFi. The protocol gives users an alternative to leverage trading by offering investment loans, leverage farms, and leverage staking with an omnichain approach. WeFi users can borrow to invest in fungible, non-fungible, or real-world tokenized assets, or to participate in leveraged yield farms/staking pools.

WeFi users can purchase fungible tokens with just a 20% down payment, and are able to invest in both long and short positions. WeFi’s permissionless and trustless architecture means no KYC or credit score required. Users can earn farm rewards while holding a leverage position, as well as borrow for staking and farming. WeFi offers a decentralized way for users to borrow or lend capital. Borrowers gain the opportunity to take loans to invest in crypto while lenders can capitalize on a secure way to lend capital and earn interest.

WeFi’s community is made up of 70,000 DeFi enthusiasts and growing across Twitter, Discord, and Telegram. It recently had 27,000 users in its incentivized testnet program. Its Alpha mainnet is currently live on the Polygon Network with more than 4,000 registered users and 2,800 MAU. The protocol has undergone two recent audits, with the latest completed by Peckshield.

WeFi’s IDO will launch through the Kommunitas launchpad on May 5.

About WeFi

WeFi, (formerly known as Paxo Finance), is an on-chain “composable leverage vault” protocol that operates in a permissionless and trustless manner. The protocol provides use cases around on-chain leveraged trade, leveraged farms, and leveraged staking. WeFi users can borrow to invest in fungible, non-fungible, or real-world tokenized assets, or borrow to invest in leveraged yield farms/staking pools. Risk for lenders is mitigated by enabling a walled garden approach (Vault). WeFi is currently live on the Polygon chain and has a community of 70,000 on Twitter, Telegram, and Discord. The protocol has undergone two audits, with the recent audit completed by Pecksheild.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. Dubai, UAE – DeFi infrastructure protocol WeFi (formerly Paxo Finance), is preparing to launch through an IDO to be held on May 5 through its launchpad partner Kommunitas. WeFi will focus on building products for the masses, aiming to solve the fragmentation and UX issues prevalent in the DeFi space by bringing a more inclusive and easier-to-use DeFi experience for all.

With backing from the likes of Cogitent Ventures, Big Brain Capital, PHD Capital, Zebpay, China Polka, BMW Capital and many others, WeFi’s grand vision is to bring the next wave of millions of users to DeFi in a truly decentralized and compliant way. WeFi (short for “We Finance”) was created to address traders, crypto investors, and market makers’ biggest pain points, including high funding rates, high slippage, and flash liquidation.

Its first product release will be the “leveraged vault” – a third-generation DeFi product that lets users leverage everything, including leveraged trades, leveraged farms, and leveraged staking. This will allow users to stake or farm their leveraged asset within the protocol to earn additional yield. This is a significantly better alternative to typical margin trading because it enables users to earn passive income by farming and staking with their leveraged position. WeFi will also offer interest rates 80% cheaper than other margin platforms, providing users with more cost-effective options.

WeFi’s permissionless, trustless leverage vault is for traders, farmers, and even those new to DeFi. The protocol gives users an alternative to leverage trading by offering investment loans, leverage farms, and leverage staking with an omnichain approach. WeFi users can borrow to invest in fungible, non-fungible, or real-world tokenized assets, or to participate in leveraged yield farms/staking pools.

WeFi users can purchase fungible tokens with just a 20% down payment, and are able to invest in both long and short positions. WeFi’s permissionless and trustless architecture means no KYC or credit score required. Users can earn farm rewards while holding a leverage position, as well as borrow for staking and farming. WeFi offers a decentralized way for users to borrow or lend capital. Borrowers gain the opportunity to take loans to invest in crypto while lenders can capitalize on a secure way to lend capital and earn interest.

WeFi’s community is made up of 70,000 DeFi enthusiasts and growing across Twitter, Discord, and Telegram. It recently had 27,000 users in its incentivized testnet program. Its Alpha mainnet is currently live on the Polygon Network with more than 4,000 registered users and 2,800 MAU. The protocol has undergone two recent audits, with the latest completed by Peckshield.

WeFi’s IDO will launch through the Kommunitas launchpad on May 5.

About WeFi

WeFi, (formerly known as Paxo Finance), is an on-chain “composable leverage vault” protocol that operates in a permissionless and trustless manner. The protocol provides use cases around on-chain leveraged trade, leveraged farms, and leveraged staking. WeFi users can borrow to invest in fungible, non-fungible, or real-world tokenized assets, or borrow to invest in leveraged yield farms/staking pools. Risk for lenders is mitigated by enabling a walled garden approach (Vault). WeFi is currently live on the Polygon chain and has a community of 70,000 on Twitter, Telegram, and Discord. The protocol has undergone two audits, with the recent audit completed by Pecksheild.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. Chicago, April 27, 2023 — Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace, a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network.

The primary objective of the launch’s initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta.

Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity

Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe.

Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies.

At the same time, participants will not need to own mining equipment to participate — they will be able to buy hashpower contracts just like the professional miners.

Details on the Testnet Launch

This will be a phased launch in order to ensure the integrity and security of the marketplace’s hashpower contracts.

Particularly at this early stage, testers are strongly encouraged to read the instructions for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account.

Beta testers who are registered on the Lumerin Explorer Program—you can still sign up using this link—are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin “faucet,” an automated distribution mechanism that sends the tokens to the users upon request.

During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware’s hashpower to that pool.

Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform.

“Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces,” said Ryan Condron, co-founder of Lumerin. “With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like.”

“Lumerin has had a remarkable journey — from a novel idea for solving the centralization issues in Bitcoin mining to today’s real-world testnet deployment,” said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. “Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance.”

About Lumerin

Lumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts.

The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe.

Website: https://lumerin.io/

Twitter: https://twitter.com/hellolumerin

Medium: https://medium.com/lumerin-blog

Telegram: https://t.me/LumerinOfficial

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.