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  • SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF

    SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF

    SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF
    • SEC postpones decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024.
    • The ETF plans to invest 80% in Bitcoin and 20% in Carbon Credit Futures-linked financial instruments.
    • Gemini has been named custodian for the ETF.

    The United States Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, a proposed exchange-traded fund focused on carbon credit futures contracts and Bitcoin (BTC).

    The delay was announced in a filing made on Thursday and it extends the timeline for the U.S. SEC to evaluate the proposed exchange-traded fund until June 24, 2024.

    During the extended timeline, the SEC aims to thoroughly review the proposal before making a final determination, citing the need for sufficient time to consider the potential impacts of the proposed rule change.

    The 7RCC Spot Bitcoin and Carbon Credit Futures ETF

    The 7RCC Spot Bitcoin and Carbon Credit Futures ETF plans to allocate 80% of its assets to Bitcoin and the remaining 20% to financial instruments linked to Carbon Credit Futures. This unique investment strategy aims to provide investors with a diversified portfolio that encompasses both digital assets and environmental sustainability.

    The ETF’s approach is aligned with the evolving landscape of finance, offering a single-trade solution for those seeking exposure to both innovative technologies and progressive environmental initiatives. Gemini, a leading crypto exchange, has been named as the custodian for the ETF, signalling a significant partnership in the burgeoning digital asset space.

    The postponement news reflects the ongoing scrutiny and evaluation by regulatory bodies like the SEC in navigating the intersection of traditional finance and emerging technologies.

    As the deadline approaches, stakeholders eagerly await the SEC’s decision, which will have implications for the future of investment opportunities in both the digital asset and environmental sectors.

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  • Animoca Brands “comes to Bitcoin” with OPAL Protocol

    Animoca Brands “comes to Bitcoin” with OPAL Protocol

    • Animoca Brands says Bitcoin is ready for Web3.
    • The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on BTC.
    • BLIF, a new token of the OPAL Protocol, will power the ecosystem.

    Animoca Brands, a leading blockchain gaming company with a huge presence across the market, has announced its entry into the Bitcoin ecosystem.

    The Hong Kong-based company’s huge announcement came via a post on X on Tuesday.

    Among other details, Animoca Brands said it “is coming to Bitcoin” and that the pioneer blockchain network is “ready for Web3.”

    In this quest to dominate the new era of Bitcoin gaming, Animoca Brands is tapping into the OPAL Protocol, a new ecosystem on Bitcoin that’s powered by the BLIF token.

    “BLIF will be the OPAL Protocol Runes token, powering a true digital life on Bitcoin and beyond,” the company noted on X.

    Animoca Brands portfolio companies ready to join project

    Animoca Brands and metaverse company Darewise back OPAL Protocol and are poised to collaborate to make this “the largest Web3 ecosystem” built on Bitcoin.

    The project will encompass gaming, entertainment, decentralised finance (DeFi), education and culture, according to details the Animoca team shared on Tuesday.

    Already, six Animoca Brands portfolio companies have reportedly joined the initiative as genesis members. They include AAA massively multiplayer online (MMO) game Life Beyond, digital collectibles platform Magic Eden, Bitcoin Web3 wallet Xverse and developer platform Horizen Labs.

    In addition, Animoca plans to partner with OPAL on all of its upcoming Bitcoin-based projects.

    “Animoca Brands’ vision for the #openmetaverse harnesses the power of network effects and this truly resonates with the OPAL Protocol, a truly decentralized Foundation with a Special Council. Any company eager to join the movement can apply to become a member of OPAL and build with $BLIF,” the announcement on X reads.

    Members of the special council include Animoca Brands’ Yat Siu, BRC-20 creator Domo and Darewise CEO Ben Charbit. Others are Leah Wald, Herve Larren and David Bailey.

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  • SEC Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

    SEC Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

    SEC Bitcoin miner Geosyn Mining for fraud
    • SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors.
    • Bitbot revolutionizes crypto trading with a non-custodial Telegram bot.
    • The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018.

    The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding investors out of $5.6 million.

    Meanwhile, Bitbot, a non-custodial Telegram trading bot, is on the verge of hitting $3 million in its presale.

    Let’s delve into the details of these developments.

    SEC’s charges against Geosyn Mining and its co-founders

    According to the SEC’s complaint, filed in a federal court in Texas, Geosyn raised approximately $5.6 million from over 60 investors between November 2021 and December 2022.

    According to the U.S. SEC, the company allegedly misled investors by falsely claiming to purchase, maintain, and operate crypto mining machines, promising to distribute mined assets, such as Bitcoin, to investors for a fee. The SEC alleges that Geosyn made false claims about its contracts with electricity providers, failed to disclose that it never purchased some mining machines, and did not provide the services as promised.

    Moreover, Ward and McNutt are accused of misappropriating about $1.2 million for personal use.

    The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against Ward and McNutt.

    Bitbot: a Telegram bot revolutionizing crypto trading

    While the U.S. SEC goes after Geosyn Mining LLC,  Bitbot, an innovative non-custodial Telegram trading bot that aims to democratize crypto trading is making waves with its token presale.

    Besides its token presale, Bitbot offers users institutional-grade tools in a secure and easy-to-use package, allowing them to trade directly from Telegram while maintaining control of their assets. It integrates with self-custodial wallets, ensuring users retain complete control over their keys and assets.

    The platform employs KnightSafe, a decentralized security system, to safeguard trading activities. It provides a range of trading tools, including automated sniping, limit orders, copy trading, and yield optimization, accessible to users of all trading experience levels.

    Bitbot presale nears $3 million

    In recent developments, Bitbot’s presale is rapidly approaching the $3 million mark. The presale, which offers investors the opportunity to acquire $BITBOT tokens, Bitbot’s native utility coin, has garnered significant interest from the crypto community raising a total of $2,900,178 by the time of writing.

    Investors can purchase the $BITBOT token at the current price of $0.0171 per token before the price increases to $0.018 in the next stage.

    Investors can participate in the presale by importing or creating a smart contract wallet directly via Telegram and once the presale period concludes, investors can claim their $BITBOT tokens via Bitbot’s official website.

    $BITBOT token holders stand to benefit from revenue sharing, exclusive presale access, unique perks, a say in Bitbot’s strategic direction through governance, and more.

    Conclusion

    SEC’s legal action against Geosyn Mining highlights the importance of regulatory compliance in the crypto industry, while Bitbot’s presale success underscores the growing demand for innovative trading solutions in the crypto market.

    As Bitbot continues to revolutionize crypto trading, investors eagerly anticipate the platform’s future developments and expansion.

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  • SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

    SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

    SEC Bitcoin miner Geosyn Mining for fraud
    • SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors.
    • Bitbot revolutionizes crypto trading with a non-custodial Telegram bot.
    • The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018.

    The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding investors out of $5.6 million.

    Meanwhile, Bitbot, a non-custodial Telegram trading bot, is on the verge of hitting $3 million in its presale.

    Let’s delve into the details of these developments.

    SEC’s charges against Geosyn Mining and its co-founders

    According to the SEC’s complaint, filed in a federal court in Texas, Geosyn raised approximately $5.6 million from over 60 investors between November 2021 and December 2022.

    According to the U.S. SEC, the company allegedly misled investors by falsely claiming to purchase, maintain, and operate crypto mining machines, promising to distribute mined assets, such as Bitcoin, to investors for a fee. The SEC alleges that Geosyn made false claims about its contracts with electricity providers, failed to disclose that it never purchased some mining machines, and did not provide the services as promised.

    Moreover, Ward and McNutt are accused of misappropriating about $1.2 million for personal use.

    The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against Ward and McNutt.

    Bitbot: a Telegram bot revolutionizing crypto trading

    While the U.S. SEC goes after Geosyn Mining LLC,  Bitbot, an innovative non-custodial Telegram trading bot that aims to democratize crypto trading is making waves with its token presale.

    Besides its token presale, Bitbot offers users institutional-grade tools in a secure and easy-to-use package, allowing them to trade directly from Telegram while maintaining control of their assets. It integrates with self-custodial wallets, ensuring users retain complete control over their keys and assets.

    The platform employs KnightSafe, a decentralized security system, to safeguard trading activities. It provides a range of trading tools, including automated sniping, limit orders, copy trading, and yield optimization, accessible to users of all trading experience levels.

    Bitbot presale nears $3 million

    In recent developments, Bitbot’s presale is rapidly approaching the $3 million mark. The presale, which offers investors the opportunity to acquire $BITBOT tokens, Bitbot’s native utility coin, has garnered significant interest from the crypto community raising a total of $2,900,178 by the time of writing.

    Investors can purchase the $BITBOT token at the current price of $0.0171 per token before the price increases to $0.018 in the next stage.

    Investors can participate in the presale by importing or creating a smart contract wallet directly via Telegram and once the presale period concludes, investors can claim their $BITBOT tokens via Bitbot’s official website.

    $BITBOT token holders stand to benefit from revenue sharing, exclusive presale access, unique perks, a say in Bitbot’s strategic direction through governance, and more.

    Conclusion

    SEC’s legal action against Geosyn Mining highlights the importance of regulatory compliance in the crypto industry, while Bitbot’s presale success underscores the growing demand for innovative trading solutions in the crypto market.

    As Bitbot continues to revolutionize crypto trading, investors eagerly anticipate the platform’s future developments and expansion.

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  • Arthur Hayes says macro setup favours Bitcoin bulls as KangaMoon attracts investors

    Arthur Hayes says macro setup favours Bitcoin bulls as KangaMoon attracts investors

    • Arthur Hayes is bullish on crypto amid the macro setup that he says could present a golden opportnity
    • He says altcoins as well as presale tokens may be worth a look at as crypto exits latest window of weakness
    • KangaMoon (KANG) is one of the new projects attracting huge attention as its presale noves towards a close

    Arthur Hayes believes the crypto market is set to continue on the upside, pointing to the macro setup and the sovereign debt bubble. The Maelstrom family office head, is also bullish on altcoins and new token launches that he says present a “golden opportunity” after the recent crypto weakness.

    With the market likely to flip bullish in coming months, could this be the time to take advantage of the KangaMoon (KANG) presale?

    Arthur Hays explains bull market setup and potential opportunities

    BitMEX exchange co-founder and former CEO Arthur Hayes is bullish on crypto rebounding after the recent dip, noting that prices could “get sillier on the upside.” This, he argued in his “Left Curve” blog post, could be a ‘golden opportunity” for investors to add to their positions.

    In his opinion, the market is currently exiting “the window of weakness” that likely followed the April 15 US tax payments and the recent Bitcoin halving event.

    While the factors that drove Bitcoin price from zero to $70k over the past decade may not be the same ones at play in the future, Hayes says the macro setup and the fiat liquidity surge that fueled BTC’s staggering gains can only get more pronounced, particularly as “the sovereign debt bubble begins to burst.”

    “As we enter the northern hemispheric summer and decision-makers enjoy a respite from reality, crypto volatility will decline. This is the perfect time to take advantage of the recent crypto dip to slowly add to positions,” the BitMEX co-founder noted.

    Altcoins pounded during the latest dump, new token launches and presales are all likely to offer great entry points. These opportunities could materialise over the next few months.

    KangaMoon brings GameFi and SocialFi to meme world

    KangaMoon (KANG) is a new SocialFi and play-to-earn gaming project currently in presale.

    The project, which also taps into meme culture to spice up the epic game battles, has a strong pull due to what the native $KANG token offers to holders. With KangaMoon, the opportunities to earn more $KANG and other exclusive rewards are available right from the presale stage. 

    Kangaverse is the GameFi platform’s ecosystem for contests and tournaments. $KANG holders can access these chances to earn more tokens through weekly, monthly and quarterly competitions and game challenges.

    What makes KangaMoon a potentially great opportunity?

    What makes KangaMoon a potentially great investment opportunity is its current presale price. $KANG’s value during the five stages of the token sale has increased from $0.005 to $0.0196, meaning early birds are looking at about 280% upside on the price.

    However, the current price is also likely to be a great entry point given market predictions for Bitcoin and the altcoin sector. Analysts are also bullish on play-to-earn, while meme coins may see a new leg of interest.

    A look at KangaMoon’s performance as stage 5 of the presale nears a close shows a great deal of confidence in the project from early investors. KangaMoon has raised more than $5.2 million so far, with the final stage 48% sold out.

    Investors can take advantage of the 20% bonus available on all purchases to load up on what could be the next top big thing in SocialFi and P2E.

    To learn more or buy $KANG, visit the official KangaMoon website.

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  • K33 Research cautions Mt. Gox’s imminent $9B payout could impact Bitcoin (BTC)

    K33 Research cautions Mt. Gox’s imminent $9B payout could impact Bitcoin (BTC)

    Mt. Gox's imminent $9B payout could impact Bitcoin (BTC)
    • Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors.
    • The payout process could commence as early as next month.
    • All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event.

    Mt. Gox, once a major player in the cryptocurrency exchange scene, faced a devastating hack in 2014, leading to its collapse. Now, nearly a decade later, the defunct exchange is preparing to distribute a significant sum of digital assets including approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), amounting to over $9 billion in total, to creditors.

    This impending payout has prompted concerns among market observers, with K33 Research highlighting the possibility of a negative impact on the price of Bitcoin in a report released on Tuesday.

    According to the analysts, the influx of Mt. Gox coins into the market could create downward pressure on BTC valuation in the coming weeks.

    Possible implications for Bitcoin (BTC) price

    K33 Research analysts have highlighted concerns that the influx of Mt. Gox’s digital assets into the market could exert downward pressure on Bitcoin’s price in the coming weeks. While creditors may not immediately liquidate their assets, the anticipation surrounding the payout could instil caution among investors, potentially dampening market sentiment.

    Creditors recently received updates on their BTC and BCH claims, indicating that payments could commence sooner than initially anticipated. This development, coupled with the looming deadline set by Mt. Gox trustees for reimbursements, has intensified speculation within the crypto community.

    Market observers remain divided on the potential impact of Mt. Gox’s payout on Bitcoin’s price. While some believe that creditors may opt to hold onto their funds, others fear that the sheer volume of digital assets entering the market could trigger a sell-off, leading to a temporary downturn in prices.

    Despite the uncertainty surrounding Mt. Gox’s payout, the crypto market continues to show resilience in the face of external pressures. However, investors are advised to exercise caution and closely monitor developments related to the distribution process to mitigate any adverse effects on their portfolios especially according to the K33 Research analysts warning.

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  • BTCC Exchange’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees

    BTCC Exchange’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees

    BTCC’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees
    • Over 9,000 people showed up for the Paris Blockchain Week attendees.
    • The event was held at the Carrousel du Louvre.
    • The fusion of classical art and modern cryptocurrency served as a focal point of the event

    BTCC Exchange made waves at Paris Blockchain Week with its innovative blend of Renaissance art and Bitcoin, captivating over 9,000 attendees at the prestigious event held at the Carrousel du Louvre from April 9 to 11.

    Artistic fusion at Paris Blockchain Week

    Paris Blockchain Week attendees were greeted by BTCC Exchange’s Renaissance-themed booth, adorned with a vibrant Mona Lisa backdrop and quirky reinterpretations of famous paintings from the era.

    The fusion of classical art and modern cryptocurrency served as a focal point of the event, sparking conversations and garnering attention from industry professionals and enthusiasts alike.

    Alex, Head of Operations at BTCC Exchange, emphasized the significance of intertwining historical art with the revolutionary concept of Bitcoin.

    Drawing parallels between the enduring legacy of Renaissance masterpieces and the disruptive nature of cryptocurrency, Alex highlighted Bitcoin’s role in challenging traditional financial paradigms and reshaping global economic landscapes.

    Alex further reiterated the exchange’s commitment to creativity and innovation, likening Bitcoin to the timeless artworks they paid tribute to. He said that just as Renaissance paintings have outlasted their contemporaries due to their innovative approaches, BTCC Exchange aims to leave a lasting impact by pushing the boundaries of conventional thinking in the crypto space.

    BTCC Exchange not only showcased its creative prowess at the Paris Blockchain Week but also underscored its longevity and resilience in the competitive crypto industry. With a track record spanning over a decade and boasting an impressive zero security incidents record since its inception in 2011, BTCC Exchange continues to be a key player in the crypto exchange landscape.

    BTCC Exchange anniversary in June

    Following the success of its presence at Paris Blockchain Week, BTCC Exchange looks ahead to celebrating its 13th anniversary in June with promising partnerships and exciting news on the horizon.

    With features catering to both beginners and experienced traders, including copy trading and up to 225x leverage for perpetual futures, BTCC Exchange remains at the forefront of the industry’s evolution.

    As the world’s longest-serving crypto exchange, BTCC Exchange continues to demonstrate its creative and innovative spirit while staying true to its mission of providing a secure and user-friendly platform for cryptocurrency enthusiasts worldwide.

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  • JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs

    JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs

    • Jamie Dimon, JPMorgan CEO, called Bitcoin a “Ponzi scheme.”
    • Dimon’s criticism comes despite JPMorgan’s involvement in Bitcoin ETFs.
    • Bitcoin’s recent price volatility highlights ongoing debates in the cryptocurrency market.

    JPMorgan Chase CEO Jamie Dimon has once again voiced his scepticism towards Bitcoin (BTC), dubbing it a ‘Ponzi scheme’ during an interview on Bloomberg TV.

    During his interview, Dimon reiterated his long-standing criticism of Bitcoin, stating that it lacks utility and legitimacy as a form of money. He described Bitcoin and similar cryptocurrencies as “simply not functional as currencies,” emphasising his belief that they are essentially Ponzi schemes disguised as technological innovation.

    However, this is not the first time that the CEO is criticizing Bitocin. His scepticism towards Bitcoin is well-documented. He previously called Bitcoin a “fraud” and expressed concerns about its potential to facilitate illegal activities such as money laundering, fraud, and tax evasion due to its anonymity and lack of regulation.

    JPMorgan’s involvement in Bitcoin ETFs

    It’s notable that despite Dimon’s vocal criticism of Bitcoin, JPMorgan has been actively involved in the cryptocurrency space.

    The banking giant has served as an Authorized Participant for BlackRock’s spot Bitcoin exchange-traded fund (ETF) and has participated in several blockchain-based projects over the years.

    Furthermore, despite Dimon’s scepticism towards Bitcoin, the CEO acknowledged the potential value of certain aspects of blockchain technology, particularly those facilitating smart contracts although  he maintained his stance that cryptocurrencies like Bitcoin lack inherent value as currencies, echoing his previous sentiments on the matter.

    This juxtaposition highlights the nuanced approach within the banking giant towards cryptocurrency investments, even as its CEO expresses scepticism.

    Bitcoin (BTC) price market reaction

    Bitcoin’s market performance has been subject to fluctuations in recent times. At the time of writing, Bitcoin price was $64,741.28, after experiencing a 4.92% increase in the last day, but it was still down 8.41% over the past seven days.

    Despite these fluctuations, Bitcoin’s market capitalization has recently surpassed $1.2 trillion, reflecting its continued growth and acceptance as an asset class.

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  • Loop Network Unveils Exciting Features Set to Revolutionize Blockchain Technology

    Loop Network Unveils Exciting Features Set to Revolutionize Blockchain Technology

    IMMEDIATE RELEASE

    Loop Network Unveils Exciting Features Set to Revolutionize Blockchain Technology

    – Loop Network, the pioneering blockchain platform, is gearing up to unveil a series of groundbreaking features that promise to redefine the landscape of decentralized finance and digital transactions. Over the next few days, the Loop team will embark on a deep dive into the platform’s innovative capabilities, offering enthusiasts and investors a glimpse into the future of blockchain technology.Among the highlights of the upcoming revelations are:

    🚀 Loop’s Implementation of Ethereum Protocols: Delve into the intricacies of Loop’s integration with Ethereum protocols and discover the transformative potential it holds for the blockchain ecosystem.

    🚀 Cheap Gas and Lightning-Fast Transactions: Experience the speed and efficiency of Loop Network with lightning-fast transactions and unparalleled cost-effectiveness, setting new standards for transaction processing.

    🚀 Grassroots Project History: Explore the unique journey of Loop Network, from its humble grassroots beginnings to its current position as a trailblazer in the blockchain space.🚀

    Lattice-Based Cryptography: Uncover the significance of lattice-based cryptography and its pivotal role in Loop’s bridge and Layer 2 solutions, driving innovation and security.🚀

    The Elector Consensus Engine: Gain insights into the inner workings of Loop Network’s consensus engine, aptly named “The Elector,” and understand its role in ensuring robust and decentralized governance.And much more…Buckle up for an exhilarating ride into the future of blockchain technology with Loop Network. To stay ahead of the curve and beat the looming FOMO (Fear of Missing Out), investors can secure their stake in Loop Network by purchasing $Loop tokens on leading decentralized exchanges (DEXs) such as Mexc, Bitmart, Gate.io, XT, and others.Join the conversation and be part of the next chapter in blockchain innovation with Loop Network.#LoopNetwork #Loop #Lswap #Ethereum #BitcoinFor media inquiries, please contact:Jimmy JoeLoop NetworkTelegram: @Jimmy_Joey—Loop Network is a leading blockchain platform dedicated to revolutionizing the digital landscape through innovative solutions and cutting-edge technology. With a commitment to transparency, security, and decentralization, [Company Name] is paving the way for the future of finance and digital transactions.

    https://t.me/loopnetwork

    ### About Loop NetworkLoop Network is a cutting-edge blockchain project poised to revolutionize the crypto landscape. With its innovative features, including INFINITE TPS, $ETH 2.0 protocols, seamless compatibility, quantum resilient security, and minimal gas fees. Loop Network aims to redefine the future of decentralized finance and blockchain technology.### Connect with Loop NetworkWebsite: https://www.theloopnetwork.org/

    Twitter: @LoopNetwork3Telegram:

    https://t.me/loopnetworkLoop Network: At your service in 2024.### Disclaimer:This press release is for informational purposes only and should not be construed as investment advice. Investors should conduct their own research before making any investment decisions. Loop Network and its affiliates are not responsible for any losses incurred as a result of investing in cryptocurrencies.

  • Introducing LoopNetwork: The Next Breakthrough in Crypto

    Introducing LoopNetwork: The Next Breakthrough in Crypto

    FOR IMMEDIATE RELEASE

    Introducing LoopNetwork: The Next Breakthrough in Crypto

    In the ever-evolving landscape of cryptocurrency, a new contender has emerged, captivating the attention of seasoned investors and newcomers alike. Over the past days, social media platforms, particularly Twitter, have been abuzz with discussions surrounding a promising project – Loop Network, or @LoopNetwork3 on Twitter

    Upon closer inspection, it becomes evident why Loop Network has garnered such fervent interest. This ambitious project offers a myriad of compelling features poised to redefine the crypto space. At the forefront of its offerings is its groundbreaking capability to achieve INFINITE TPS (Transactions Per Second), through advanced sharding tech, setting a new standard for transaction efficiency and scalability.

    Loop Network’s innovations don’t stop with their TPS breakthrough. Loop Network is also implementing ETHEREUM 2.0 protocols, ensuring seamless compatibility with Ethereum’s ecosystem. These protocols will unlock a world of possibilities for the developers of Ethereum decentralized applications.

    Implementation of Infinite TPS and Ethereum 2.0 protocols is also just two of many other compelling reasons for developers on Ethereum to build on Loop Network. Loop Network is also committed to outdoing Ethereum on affordability, speed and security.

    Loop Network has very low gas fees amounting to just 0.00002 $LOOP per transaction, and all transactions are completed in ~1 second, outshining Ethereum and other competitors.

    As mentioned, security is also paramount and Loop Network addresses this concern head-on with its quantum resilient Bridge powered by LAC Encryption and not SHA-256 encryption.

    Their cutting edge approach to security, using Lattice Based Cryptography, fortifies Loop Network’s transactions against emerging threats, providing users with peace of mind and confidence in the integrity of their transactions.

    For those weary of the high fees of Ethereum or the unreliability of other networks such as Solana, Loop Network presents a compelling alternative. When the team behind Loop Network is done finalizing their upgrades, this project is poised to become the next major player in the L1 Blockchain arena.

    Incredibly, despite its immense potential, Loop Network remains remarkably undervalued, with a market capitalization of only approximately 16 million USD. This presents an unparalleled opportunity for investors seeking entry into a promising project at an early stage.

    As interest in Loop Network continues to soar, investors and crypto enthusiasts are encouraged to conduct their research and explore the possibilities presented by this groundbreaking project.

    For those eager to invest, Loop Network’s native token, $LOOP, is available for purchase on leading exchanges such as MEXC, Gate.io, Bitmart, XT and major DEXs.

    For media inquiries, please inquire in our telegram group:

    https://t.me/loopnetwork

    ### About Loop Network
    Loop Network is a cutting-edge blockchain project poised to revolutionize the crypto landscape. With its innovative features, including INFINITE TPS, $ETH 2.0 protocols, seamless compatibility, quantum resilient security, and minimal gas fees. Loop Network aims to redefine the future of decentralized finance and blockchain technology.

    ### Connect with Loop Network
    Website: https://www.theloopnetwork.org/
    Twitter: @LoopNetwork3
    Telegram: https://t.me/loopnetwork

    Loop Network: At your service in 2024.

    ### Disclaimer:
    This press release is for informational purposes only and should not be construed as investment advice. Investors should conduct their own research before making any investment decisions. Loop Network and its affiliates are not responsible for any losses incurred as a result of investing in cryptocurrencies.

    [End of Press Release]