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Author: BTCLFGTEAM

  • Taraxa (TARA) price up 800% this past week: What’s next?

    Taraxa (TARA) price up 800% this past week: What’s next?

    • Taraxa (TARA) has pumped more than 35% in the past 24 hours.
    • TARA, native to the BlockDAG-powered smart contracts platform, has outperformed by over 800% in the past one week.

    Taraxa (TARA) is one of the trending cryptocurrencies today, with its price hitting intraday highs of $0.014 on Wednesday. 

    The outperformance seen on the day dwarfed most altcoins in the top 500 by market cap list, with the intraday pump including over 35% in the past 24 hours.

    What’s next for TARA price after monstrous gains?

    Taraxa, an EVM-compatible smart contract platform that launched via an ICO in March 2021, traded to the all-time high of $0.07 that month. However, with the crypto winter, the blockDAG-based platform’s native token plummeted to near $0. It remained constrained around $0.001 until August 1 when it suddenly exploded.

    TARA’s upside over the past week comes as the community responded to the potential of AI integration with an efficient BlockDAG-powered layer-1 blockchain. Usage and adoption across social analytics, dApps development and multi-layered IP licensing look to be aiding the positive outlook for the token.

    A recent AMA by the team also looks to have shone some spotlight on the token.

    According to data from CoinMarketCap, Taraxa’s daily trading volume rose nearly 200% to over $12.46 million as bulls tested the price level last seen in December 2021. The gains have TARA trading more than 800% up in the past week, with performance over the past 30 days accumulating to 1,021% at the time of writing.

    TARA price chart. Source: TradingView

    From a technical perspective, TARA is firmly in overbought territory as suggested by the overextended RSI on the weekly chart. This suggests immediate term profit-taking weakness is likely. The weekly MACD however shows there’s still room for further strengthening, which could allow for a move to $0.02.

    The downside nonetheless presents the past of least resistance and a retreat to support at the $0.006 mark could open up a bearish flip to $0.002.

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  • Will inflation data push it higher?

    Will inflation data push it higher?

    Key takeaways

    • Bitcoin has been trading below the $30k level in recent days, but favourable inflation data could push it higher.

    • Chancer’s stage two presale is now close to the $1.2 million mark. 

    The cryptocurrency market has been choppy over the past few weeks, with prices of most coins stuck within certain regions.

    BTC has been trading below the $30k level for the past few days, with market experts still believing it could drop lower in the near term. 

    Bitcoin stays below $30k

    Bitcoin, the world’s number one cryptocurrency by market cap, began the week in a positive manner. BTC has added more than 1.5% to its value so far today but continues to trade below the $30k psychological level.

    At press time, the price of Bitcoin stands at $29,424. Bitcoin could be heading towards the $30k level over the new few hours or days if the inflation data in the United States comes out favourably. 

    The inflation data could determine if the US Federal Reserve continues its rate hikes or will stop them. Halting rate hikes could be a bullish sign for Bitcoin and the broader cryptocurrency market. 

    What is Chancer?

    The recent bearish trend in the market has not affected Chancer’s ongoing presale event. Chancer is a web3 project that seeks to decentralise the betting ecosystem. 

    It is a Web3 peer-to-peer (P2P) custom betting platform allowing users to live stream betting events. Chancer will operate as a completely decentralised online gaming platform.

    Chancer is building a platform that will offer improved services compared to what they are getting from the traditional sports and casino betting platforms. With Chancer, users can bet on any event, even ones they make up themselves. 

    The funds raised from the funding rounds will be used to build the decentralised P2P betting platform. According to their whitepaper, Chancer users will have access to a wide range of features, including betting markets in real-time and based on user interests, social media connections, and expertise. 

    Users will also be able to set up their custom P2P betting markets, allowing others to bet on selected events and games. 

    Chancer’s second presale generates nearly $1.2 million

    Chancer’s presale event will occur in stages, and the second stage is currently underway. The team has raised nearly $1.2 million of the $2 million required in the second stage. 

    Chancer will use the funds from the presale to develop its products. The team will conduct 12 presale events, with a target of $15 million. 

    Currently, CHANCER, the native token of the ecosystem, is going for $0.011 per token, with the price set to increase to $0.012 in the next presale round.

    The native token has numerous utilities within the ecosystem. Token holders can create markets and also invest in markets launched by other users.

    By holding the token, users can create, participate in, and profit from their very own predictive markets. 

    You can purchase the CHANCER tokens by connecting your Web3 wallet to the Chancer website. Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow are some supported wallets. 

    Visit the Chancer website to get more information about the presale. 

    Should you buy CHANCER tokens now?

    Investing in a project during its presale or private sale is usually one of the best decisions investors make. This is because the tokens are not available to the general public yet. 

    With Chancer, it could be an excellent idea to invest in the project now. Chancer is a promising project and could gain massive adoption over the coming months and years.

    If the adoption level rises, CHANCER’s price could skyrocket, and early investors could benefit. Early investors in projects such as Ethereum, Solana, Dogecoin, and Shiba Inu, recorded thousands of percentages in ROI. 

    If CHANCER gains the necessary adoption combined with a Bull Run, its price could soar higher in the medium to long term. 

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  • Akash Network price jumps 12% to $0.70: What next for AKT?

    Akash Network price jumps 12% to $0.70: What next for AKT?

    • Akash Network price was up 12% in the past 24 hours.
    • The AKT/USD pair reached highs near $0.70, and needs to flip the hurdle into support to strengthen upside momentum.
    • Hype around AI and cloud computing could add to the bullish outlook.

    Akash Network, a decentralized marketplace for cloud computing, has seen the price of its native token AKT jump by more than 12% in the past 24 hours.

    While the resistance level at $0.70 remains key for bears, bulls’ sharp bounce over the past day has AKT trading in a positive trend. With altcoins also mirroring Bitcoin’s trajectory, the latest upsurge could be the base for a fresh attempt at recapturing the coveted $1.00 level.

    Akash Network price prediction

    Selling pressure saw AKT lose the important $1.00 level in May 2022, with lows of $0.22 reached in May this year. Since then, bulls have hit the $0.75 zone twice in the past two months. However, rejection at the level meant a retest of support at $0.50 in mid-July.

    Prices have however remained above an ascending trendline support, suggesting bulls are still determined to reclaim the upper hand. If price breaks above $0.75, it could go on to retest the supply wall expected at $1.00.

    Part of the Akash Network’s bullish momentum is likely to come from the launch of its Akash GPU mainnet. After successfully navigating the testnet in May, with multiple AI models tested on the NVIDIA A100, Akash moved a step closer to offering the first open-source marketplace for HD GPUs. 

    Excitement for what could be AI Supercloud, fueled by massive predictions for the artificial intelligence industry, will likely cascade into the AKASH market.

    Akash Network price chart. Source: TradingView

    The daily RSI indicates that momentum remains with the bulls, a scenario likely to be helped by a strengthening of the MACD indicator. 

    Also key is the continued support of the 50-day exponential moving average, currently providing a base at $0.57.

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  • Why is Hedera (HBAR) trending?

    Why is Hedera (HBAR) trending?

    • The Hedera (HBAR) token price has increased by 16% over the past week.
    • Hedera (HBAR) recently announced a strategic partnership with FreshSupplyCoAu to integrate with the Continuity API.
    • The integration allows Hedera users to access Mastercard Payment Gateway Services (MPGS).

    The Hedera (HBAR) has been trending within the crypto circles for its consistent price rally since mid-July.

    The HBAR token price has reclaimed its July Highs after a short pullback between July 20 and July 25.

    Here’s why the HBAR price is rising

    The current Hedera (HBAR) price surge is largely pegged on the recent strategic partnership between Hedera and FreshSupplyCoAu to integrate with the Continuity API and enable seamless connections to banks and the Mastercard Network.

    According to a tweet from the HBAR Foundation, FreshSupplyCoAu, a pioneer in the field of digital innovation, will see significant improvements by seamlessly integrating Hedera into its Continuity API. By integrating with the Mastercard Network, this dynamic fusion extends the reach of the Hedera network by connecting it to the traditional banking system.

    Users can now access Mastercard Payment Gateway Services (MPGS) and other upcoming Hedera Foundation projects, including their cutting-edge Web3 and digital asset solutions, thanks to the integration. The move represents a strategic step towards enhancing the usability and interoperability of Hedera rather than merely a development in technology.

    The initiative from FreshSupplyCoAu is ready to create new opportunities for efficiency, accessibility, and value for both individual users and businesses.

    The FreshSupplyCoAu integration is just the tip of the iceberg. The vision of the Hedera Hashgraph blockchain includes more collaborations and innovations to continually bridge the gap between decentralized finance and traditional finance. The blockchain was recently tapped by Kia and Hyundai automakers for an AI-powered CO2 emission monitoring system

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  • Cathie Wood SEC may approve more than one Bitcoin ETF at once

    Cathie Wood SEC may approve more than one Bitcoin ETF at once

    cathie wood sec approve more bitcoin etf
    • SEC has to rule on ARK’s application for a Bitcoin ETF by August 13th.
    • Cathie Wood expects the financial regulator to extend that deadline.
    • A summary of what else she said in an interview with Bloomberg today.

    The U.S. SEC will likely delay ruling on application for a Spot Bitcoin ETF that Ark Invest registered on May 15th, says Cathie Wood.

    Highlights from Wood’s interview with Bloomberg

    Current deadline for the financial regulator to announce its decision on the said filing is August 13th. But the famed investor anticipates that the Securities and Exchange Commission will extend that deadline.

    Speaking with Bloomberg this morning, the Founder and Chief Executive of Ark Invest also alluded to the possibility that the U.S. SEC may approve a bunch of Bitcoin ETFs at once.

    I think SEC, if it’s going to approve a Bitcoin ETF, will approve more than one at once. Most of these will be same, and it’ll come down to marketing and communicating the message.

    Other than her investment management firm, eight others, including BlackRock Inc, have so far filed for such an exchange-traded fund.

    Wood is significantly invested in Grayscale Bitcoin Trust

    A Bitcoin ETF has been the front and centre of all crypto-related debates in recent months.

    In fact, the possibility of one that may make it more convenient to gain exposure to BTC has largely contributed to the 80% year-to-date rally in Bitcoin. Wood also said on Monday:

    We’ve been putting out our Bitcoin monthly for the last year. We’re now starting a Bitcoin brainstorming session. We’re trying to get the word out there that our research is deep.

    Note that the third largest holding in her Ark Next Generation Internet ETF at writing is Grayscale Bitcoin Trust. Wood refrained from commenting, though, on what she plans on doing with her investment in GBTC if a Spot Bitcoin ETF gets a nod from the financial regulator.

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  • Bitcoin drops $28.8k amid huge crypto record huge outflows

    Bitcoin drops $28.8k amid huge crypto record huge outflows

    • Bitcoin price fell to $28,800 across major exchanges as Ethereum hit lows near $1,800.
    • Equities also showed signs of uncertainty with mixed trading recorded.
    • Crypto investment products saw outflows totaling $107 million, the primary focus being BTC.

    Bitcoin traded near the $28,800 early afternoon on Monday as caution dictated overall sentiment across the market.

    Stocks were mixed in midday trading on Monday as earnings season starts to wind down and investors brace for an inflation reading crucial to the Federal Reserve decision making.

    While the S&P 500 and Dow Jones Industrial Average held slightly positive ground at 0.5% and 0.9% respectively, the tech-heavy Nasdaq Composite and Rusell 2000 were down 0.1% and 0.2% respectively.

    BTC hovers at key level amid huge outflows

    On Monday, digital assets manager CoinShares released the latest weekly report on digital asset investment products flows. According to an analysis by the firm, total outflows for last week was $107 million.

    Bitcoin saw total weekly outflows of $111 million. Although outflows into short bitcoin products reportedly stopped for the first time in 14 weeks, those from the flagship cryptocurrency were the largest since March.

    Meanwhile, Ethereum recorded outflows of $6 million, while Solana outpaced the top altcoin with $9.5 million in inflows. There were also inflows of $0.5 million for XRP and $0.46 million for Litecoin. Uniswap had $0.8 million in outflows and Cardano with $0.3 million.

    James Butterfill, Head of Research at CoinShares noted in the report that the outflows have come amid increased profit taking deals in recent weeks. Also notable was the decline in weekly trading volumes for digital asset investment products and on-exchange volumes – which stood at 36% and 62% year-to-date respectively.

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  • Oggy inu is back with memecoin season- sponsored

    Oggy inu is back with memecoin season- sponsored

    OggyInu – A place that combines the determination and solidarity of the whole community. Work together, fight together and win together

    OggyInu – Powered by OggyInu Ltd

    DOWNLOAD CERTIFICATE

    market data secured with chainlink

    CONTRACT ADDRESS

    0x92ed61fb8955cc4e392781cb8b7cd04aadc43d0c

    Click To Copy

    Tax Buy/Sell 10% on DEX

    • 5% Reflect for Holders
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    Tax on CEX 0%

    CEX LISTED

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    Pay with Crypto

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    OGGY Swap will launch on Web3 Decentralized, it allows users to use to exchange any token. The utility brought will be optimal for the project when it is allowed to customize the percentage of burn by token on each transaction made on OGGY Swap.

    • No liquidity to add
    • 0,2% fee burning your supply while trading

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    We can ensure the security as well as safety for players since OGGY has passed 2 top Audits and has listed many CEXs.

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    OggyInu is a token derived from the impromptu meme market.
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  • What is Ape Protocol, which combines ArtificialIntelligence with the NFT world? How to acquire it?

    What is Ape Protocol, which combines ArtificialIntelligence with the NFT world? How to acquire it?

    What is Ape Protocol, which combines Artificial
    Intelligence with the NFT world? How to acquire it?

    Ape Protocol, is a platform that allows users to easily andmcreatively convert their digital assets into NFTs (Non-Fungible Tokens). It stands out due to its user-friendly interface and powerful artificial intelligencealgorithms. Users can upload their desired files from theircomputers or smartphones and convert them into NFTsusing Ape Protocol. The platform offers flexibility withvarious file formats and aims to facilitate high-quality NFTproduction through AI integration.Ape Protocol’s website:
    https://apeprotocol.xyz


    Ape Protocol:
    provides a simple and intuitive interface that everyone
    can easily use. Users can follow step-by-step instructions
    to upload their files and witness the process of creating
    NFTs.
    Flexibility with file formats:
    Ape Protocol offers users the flexibility to work with
    various file formats. It supports commonly used formats
    like PNG, JPEG, GIF, as well as vector-based formats.
    AI Integration:


    Ape Protocol utilizes powerful artificial intelligence
    algorithms to ensure high-quality NFT production. The AI
    analyzes the uploaded files, uses their content and data to
    create unique NFTs. By working on color palettes,
    patterns, compositions, and other features, the algorithms
    produce captivating and original NFTs.
    AI-supported NFT creation process:
    Data preprocessing and analysis: The uploaded file
    undergoes preprocessing to prepare it for AI algorithms.
    Technical specifications like file size, resolution, and
    format are examined. Additionally, the content of the file is
    analyzed, and the necessary data for the proper
    functioning of AI algorithms is extracted.
    Application of AI algorithms: Ape Protocol employs
    advanced AI techniques such as deep learning and image
    processing. The algorithms analyze the content of the
    uploaded file, recognize visual features, and use this
    information to generate unique NFTs.
    Saving the results as NFTs: The NFTs created by AI are
    registered on the blockchain with a unique identity and
    ownership record. Ape Protocol supports popular
    blockchain platforms like Ethereum, enabling NFTs to
    become tradable assets. Users can share their created
    NFTs, offer them for sale, or store them in their digital
    collections.
    Advantages of Ape Protocol:
    User experience and accessibility: Ape Protocol aims to
    make NFT creation accessible to everyone by providing a
    user-friendly interface. Even without technical expertise,
    users can easily upload their files, convert them into NFTs
    using artificial intelligence, and interact with the platform.
    High-quality NFT creation: The integration of artificial
    intelligence allows Ape Protocol to produce high-quality
    and original NFTs. The analytical capabilities and visual
    understanding of the algorithms enable users to create
    attention-grabbing and valuable digital assets.
    New opportunities for art and creativity: Ape Protocol
    offers new opportunities for artists, designers, and creative
    professionals. AI-based NFT creation enables innovative
    creative processes, pushing the boundaries of traditional
    art. Artists can convert their digital works into NFTs, reach
    a broader audience, and engage in commercial
    transactions.
    Ape Protocol’s potential and future:
    Ape Protocol aims to enhance its potential by encouraging
    community participation and collaboration. Users can
    share their NFTs, comment on and appreciate others’
    creations, fostering a sense of community. It also
    promotes collaborative projects and enables the creation
    of collective NFT collections, allowing users to work
    together and expand their creative efforts.
    New feature – ChatAPC:
    Ape Protocol’s website introduces ChatAPC, an app tool
    that works in the format of ChatGPT, providing answers to
    all questions posed by users. Unlike other AI tools,
    ChatAPC can handle both text and visual (PNG, JPEG,
    JPG, GIF) software codes and JSON files. It can upload
    and compile codes from these files, correct errors in the
    provided codes, and create NFTs from the uploaded
    images, all powered by artificial intelligence.

    Ape Protocol Token (APC):
    Ape Protocol Token has a total supply of 250,000,000
    tokens. At the time of writing, based on Binance Smart
    Chain data, it is present in 127 addresses and has been
    transferred 183 times. For more up-to-date information, it
    is advised to check BSC Scan.
    Ape Protocol Token (APC) Pre-sale:
    According to the information on the website, the pre-sale
    price of APC Token on the BSC network is set at
    1 APC = 0.023 USD, and it is possible to buy 10,869.00
    APC with 1 BNB. The minimum listing price is reported to
    be 0.35 USD.
    You can find detailed information about the Ape Protocol
    (APC) pre-sale here: https://presale.apeprotocol.xyz
    How to acquire Ape Protocol Token:
    To acquire Ape Protocol Token during the pre-sale, users
    can follow the steps below:

    1. Have a MetaMask wallet and connect it to the
      Binance Smart Chain.
    2. Transfer BNB to the MetaMask wallet by copying the
      BEP20 (BSC) address.
    3. Access Ape Protocol’s pre-sale page and click on the
      “Wallet Connect” button.
    4. Follow the instructions to connect your MetaMask wallet
      to the pre-sale page.
    5. Enter the desired amount of BNB in the top section of
      the page, and the corresponding amount of APC Token
      will be displayed below.
    6. Proceed with the purchase following the on-screen
      instructions.
      Alternatively, there is an easier way to participate in the
      pre-sale through direct transfer. By sending BNB directly
      to the pre-sale address
      (0x6027A649adA3CDaDDD3E204Dd64f6f9b4d0c9950),
      the algorithm automatically sends the equivalent amount
      of APC Token to the sending wallet.
      Please note that all addresses should be copied correctly,
      and it is advisable to start with small amounts for testing
      purposes if it’s your first time performing such
      transactions.
      For further information:
      Ape Protocol Website: https://apeprotocol.xyz
      Ape Protocol Twitter: https://twitter.com/Ape_Protocol
      Ape Protocol Telegram: https://t.me/APCannouncement
      Ape Protocol Whitepaper:
      https://ape-protocol-2.gitbook.io/whitepaper

  • Block reports a 34% increase in its second-quarter Bitcoin revenue

    Block reports a 34% increase in its second-quarter Bitcoin revenue


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    Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

    CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

    Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

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    Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.

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  • Miami mayor to accept presidential campaign donations in BTC

    Miami mayor to accept presidential campaign donations in BTC

    • Miami Mayor Francis Suarez, a Republican, announced his candidacy for the 2024 presidential election in June.
    • Miami has currently been trending for all the right reasons from Lionel Messi mania to the mayor accepting BTC donations.
    • The mayor has also said that he would ban a central bank digital currency (CBDC).

    Bitcoin-friendly Miami Mayor Francis Suarez has said that he will accept Bitcoin (BTC) donations for his presidential campaign.

    Speaking on a popular media TV outlet, Suarez said:

    “Officially, my campaign is accepting bitcoin,” Suarez explained. “This is a process of developing technologies that will create democratising opportunities for wealth creation and will not be manipulated by a human being’s ulterior motives, political goals, and so on.”

    According to Suarez, supporters can now donate as little as 0.00034BTC, or the equivalent of $1, at his campaign website.

    Suarez’s view on CBDCs

    Suarez, who is known to advocate for Bitcoin, has said that he would ban a central bank digital currency (CBDC).  He said that people do not want the federal government to know where they have their money and how much money they have.

    Suarez launched the MiamiCoin (MIA) in 2021, which he hoped would be used to pay a recurring Bitcoin stimulus (similar to dividends) to Miami citizens.

    The mayor has criticized the current US administration led by Joe Biden. Castigating the government, Suarez said:

    “The biggest mistake that this administration has made is they don’t understand crypto so they have gone to a regulated-by-enforcement mechanism as opposed to set the ground rules. You have to be able to classify certain digital products, you have to be able to have certain guidelines and rules that are clear with respect to the custody of assets.”

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