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  • Bitcoin stays above $65k as Bitbot unveils its Mini App UI

    Bitcoin stays above $65k as Bitbot unveils its Mini App UI

    Key takeaways

    • Bitcoin has been trading above the $65k level as the broader market stagnates.
    • Bitbot has unveiled its Mini App UI to simplify DeFi trading for users

    Bitcoin stays above $65k as market stagnates

    Bitcoin, the leading cryptocurrency by market cap, has been underperforming over the last seven days. It has lost more than 3% of its value in the last seven days and is currently trading above $65k per coin. 

    The poor performance comes as whales sold over $1 billion worth of Bitcoins over the last few days. Altcoins have also been underperforming in recent days, with the total crypto market cap now below $2.4 trillion.

    What is Bitbot?

    The crypto market is still consolidating but new projects continue to roll out excellent products to their users. Bitbot is one of the new projects that has been unveiling exciting products and services. 

    Bitbot raised more than $4 million from investors and is using the funds to launch products for traders on Telegram. This Web3 project seeks to bring unique value propositions to traders in the cryptocurrency space. 

    It is a self-custodial Telegram trading bot that allows users to trade via their cold wallets on the app. Bitbot users will enjoy certain features available only to institutional investors, making it easier for traders to grow their trading portfolios.

    Bitbot unveils its Mini App UI

    With its presale now over, Bitbot is focusing on launching its products and listing its token on crypto exchanges. 

    In their recent X post, the Bitbot team unveiled their Mini App UI as one of the features available at launch and is crafted with user-friendliness at its core. This intuitive interface simplifies DeFi trading, making it accessible for newcomers.

    Bitbot added that with a clean, responsive, and easy-to-navigate design, all users can fully leverage Bitbot’s capabilities without facing a steep learning curve.

    The launch of the Mini App UI comes roughly two weeks after Bitbot unveiled its staking feature. With the staking feature, users who claim their tokens through the bot can stake them and earn a competitive Anual Percentage Yield.

    Bitbot is also working on other security features such as Knightsafe, a solution that would help mitigate the typical risks associated with Telegram trading. The integration of anti-MEV and anti-rug solutions will further help users protect their assets. 

    The team also revealed some of the funds raised in the presale are already being directed towards integrating Ultra-flexible wallet management fuelled by non-custodial API technology. 

    Bitbot raised over $4m in presale

    The Bitbot presale was successful, with the team raising over $4 million.  In addition to developing its products, Bitbot is also currently working on the formation of its team, smart contract development, community formation, marketing drive, and alpha testing.

    The team will proceed to get $BITBOT listed on crypto exchanges once these steps are concluded, with top influencer partnerships, and its Telegram Bot launch to come afterwards. 

    Per the whitepaper, the Bitbot development team will hold 20% of the total token supply and use it to fund ongoing development. An additional 14% is allocated to marketing & CEX listings while 3% is allocated to exchange liquidity provision.

    Why buy the Bitbot token?

    The presale is over and purchasing $BITBOT will only be possible once the token launches on crypto exchanges. It is tough to determine the listing price as token prices are usually volatile once they launch on crypto exchanges.

    However, Bitbot could gain massive adoption if the team rolls out its products and services. The unique trading features Bitbot seeks to offer could make the project and it’s token a big winner in this current bullish cycle.

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  • Missed Bitcoin and Ethereum waves? NuggetRush unveils new generation NFT gaming rewards

    Missed Bitcoin and Ethereum waves? NuggetRush unveils new generation NFT gaming rewards

    • Bitcoin jumps amid rising demand for spot BTC ETFs.
    • Ethereum’s investor sentiment could rise following excitement around its March 13 upgrades.
    • NuggetRush (NUGX) unveils a gaming community where ambitious investors can win gold rewards.

    Spot BTC ETF inflows have skyrocketed to over $2.1 billion pushing Bitocin price higher as Ethereum on the other hand gears up for a major network upgrade in March.

    NuggetRush (NUGX) is also gaining attention in the digital asset industry after its blockchain ICO sold 171 million tokens. Yet, can this make NUGX one of the best altcoins to buy? Join the discussion.

    Bitcoin rises to $50,000 as Spot ETF inflows skyrocket

    Bitcoin (BTC) has recovered impressively from its slight fall below the $40,000 range. Its trading activity has grown sharply, pushing BTC to high levels in February. Bitcoin’s (BTC) pump coincides with the sharp increase in demand for its Spot ETFs. 

    BTC traded at $44,167 on January 1. It jumped by 4.9% to $46,368 on January 11 after the SEC approved its spot ETFs. BTC fell by 14.7% to $39,507 on January 22 before jumping to $45,301 on February 8 and hitting $50,000 on February 12.

    Spot Bitcoin (BTC) ETFs have been in high demand since their launch. BlackRock’s spot Bitcoin ETF generated the fifth largest inflows among all spot ETFs in January. The total inflows into spot Bitcoin ETFs have surpassed $2.1 billion. Daily spot Bitcoin (BTC) ETF inflows also jumped to $400 million on February 8.

    Ethereum sets March date for Dencun upgrades

    After a call with top developers, the Ethereum (ETH) blockchain announced the launch of its anticipated Dencun upgrades on March 13, 2024. The upgrade will reduce transaction costs for auxiliary layer-2 networks on Ethereum (ETH). Furthermore, it would boost data storage on Ethereum (ETH).

    Excitement around the news could help push Ethereum’s price back to the $2,600 range. ETH traded at $2,352 on January 1. As of January 11, ETH jumped by 11.3% to $2,619. ETH’s bullish momentum fell sharply, and the token dropped by 12.8% to $2,282 on January 31. It then recovered by 6.0% to $2,419 on February 7.

    Ethereum’s (ETH) Dencun upgrades could help boost development activity on the network. By reducing costs for auxiliary layer-2 networks, more apps and services can leverage Ethereum’s (ETH) technology. This would help Ethereum (ETH) withstand competition from other top altcoins like Solana, possibly pushing ETH’s value up by 8.8% to $2,633.

    NuggetRush’s new generation NFT gaming rewards

    The launch of NFTs marked a shift in the play-to-earn industry. NFTs opened up the possibilities of participation and earning rewards from gaming networks. Yet, many projects have failed to capitalize on the latent opportunities that come with NFT gaming. One project that is getting recognition for being different is NuggetRush (NUGX).

    Combining meme coin benefits with play-to-earn gaming, NuggetRush (NUGX) aims to become a market leader via its mining adventure. Becoming a miner on NuggetRush (NUGX) is akin to mining natural resources in the real world. The game leverages the latest gaming technology to ensure its mining experience is as realistic as possible.

    It also features exciting gaming challenges, which include competitions and collaborations. You can compete against other miners in several gaming modes, like tournaments, battles, quests, and ranked play. You can also enjoy its mining experience as part of a team. The game allows the formation of teams and mining collaborations that offer high-value rewards.

    NuggetRush (NUGX) has shown immense growth potential. By round five of its presale, NuggetRush had sold over 171 million NUGX tokens, leading to high FOMO. It has also raised over $2.1 million. The current NUGX value is $0.018. After a pump to $0.020, major exchanges will list the coin.

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  • Dog-themed NFT gaming project unveils first BRC-20 ICO amid the Bitcoin comeback

    Dog-themed NFT gaming project unveils first BRC-20 ICO amid the Bitcoin comeback

    • Analysts foresee a possible Bitcoin surge to $50,000 amid the heightened Bitcoin halving hype.
    • Bitcoin Dogs unveils $0DOG token presale, the first BRC-20 ICO on the Bitcoin blockchain.
    • $0DOG offers access to Bitcoin Dogs’ NFT collection and immersive gaming ecosystem.

    Bitcoin Dogs, a pioneering NFT gaming project leveraging the power of Bitcoin, is set to revolutionize the crypto world with the inaugural BRC-20 token ICO. This innovative venture combines elements of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to create an immersive experience for investors and enthusiasts alike.

    With Bitcoin’s recent price surge and the introduction of spot ETFs, the timing couldn’t be more auspicious for Bitcoin Dogs to make its mark.

    Bitcoin Dogs: first-ever BRC-20 blockchain ICO

    Unlike traditional presales conducted using ERC-20 tokens on the Ethereum blockchain, Bitcoin Dogs introduces $0DOG as a novel investment opportunity on the Bitcoin blockchain. This strategic move not only highlights the project’s commitment to innovation but also underscores the potential for growth and adoption within the Bitcoin ecosystem.

    At the heart of the Bitcoin Dogs project lies $0DOG, the pioneering BRC-20 token poised to disrupt the crypto market. With 900 million tokens minted, $0DOG offers investors access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi. This unique blend of utility and entertainment positions $0DOG as a frontrunner in the burgeoning world of digital assets.

    Bitcoin’s price surge and implications for Bitcoin Dogs

    Amidst Bitcoin’s recent price surge, surpassing the $45,000 mark, industry experts predict further bullish momentum, potentially pushing the cryptocurrency towards the coveted $50,000 level as the highly anticipated Bitcoin halving event draws near.

    Bitcoin price chart

     

    This upward trajectory bodes well for Bitcoin Dogs and its $0DOG token, as heightened market sentiment and growing investor interest create a conducive environment for the project’s success. With the convergence of favourable market conditions and Bitcoin Dogs’ innovative approach, the future looks promising for crypto enthusiasts.

    As Bitcoin Dogs embarks on its journey to redefine the crypto landscape, the roadmap ahead is filled with exciting milestones and opportunities.

    From the debut of the NFT collection to the launch of the immersive gaming ecosystem, Bitcoin Dogs aims to captivate audiences and establish itself as a trailblazer in the realm of decentralized finance. With $0DOG serving as the cornerstone of this ambitious venture, investors and enthusiasts alike await eagerly to witness the project’s evolution and impact on the crypto industry.

    To grab the $0DOG tokens for yourself, you can visit the official Bitcoin Dogs website and participate in the presale

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  • Kaspa price surges 20%, Bitbot unveils revolutionary Telegram trading bot

    Kaspa price surges 20%, Bitbot unveils revolutionary Telegram trading bot

    • Kaspa (KAS) price surges 20%, eyeing a $3 target amid bullish momentum and fair launch.
    • Bitbot unveils the world’s first Telegram self-custodial trading bot, empowering users.
    • BITBOT token presale offers a strategic investment opportunity.

    In the dynamic world of cryptocurrency, Kaspa (KAS) and Bitbot are making waves with significant developments.

    Kaspa, after a recent surge of 20%, stands at the forefront of altcoins, while Bitbot introduces the world’s first Telegram self-custodial trading bot, revolutionizing the way users trade in 2024.

    Kaspa (KAS): riding the waves of price volatility

    The recent fluctuations in Kaspa’s price have caught the attention of crypto enthusiasts. After trading in a closed range for weeks, KAS displayed a jump of 20%, reaching $0.1249.

    KAS price chart

    KAS reached an all-time high (ATH) of $0.154 on Nov 20, 2023, while its all-time low was $0.0001699, recorded on Jun 01, 2022. At its current price, the token is 71982.3% higher from its lowest point and only a few cents away from its ATH.

    Analysts predict a potential surge to $3, citing the coin’s fair launch and the absence from major exchanges like Binance and Coinbase. As Kaspa tests its resistance level of $0.1242, the market awaits the outcome that could propel the coin to new heights.

    Bitbot: Telegram bot pioneering self-custodial trading

    Bitbot enters the scene as the world’s first Telegram self-custodial trading bot, offering users institutional-grade tools directly on the popular messaging platform.

    With a focus on empowering retail investors, Bitbot ensures full custody of assets while providing tools like automated sniping, limit orders, and copy trading, typically reserved for institutional traders.

    Integrating with self-custodial wallets and backed by KnightSafe security, Bitbot is poised to reshape how users engage in crypto trading.

    BITBOT token presale

    Bitbot’s presale, which kicked off a few weeks ago, unfolds as an intriguing investment opportunity. With a total supply of 1,000,000,000 tokens, the presale consists of 15 stages, each with varying token prices and allocations. Currently in Stage 3, the token’s price is $0.011, with the next stage set at $0.0116.

    The project has raised $459,291 out of the $630,000 target, highlighting growing interest. Investors can anticipate exclusive benefits like revenue sharing, presale access, and governance influence through the $BITBOT token.

    Are Kaspa and Bitbot good investments?

    Investors eyeing Kaspa and Bitbot might find compelling reasons for consideration. Kaspa’s fair launch and potential exchange listings could drive a significant surge, as demonstrated by its previous listing on Coinone.

    On the other hand, Bitbot’s unique features and self-custodial approach cater to both large and small-scale investors, promising a new era in crypto trading.

    As with any investment, thorough research and risk assessment are advised, considering the market dynamics and individual preferences.

    Conclusion

    The dynamic developments in the cryptocurrency space continue to captivate investors and enthusiasts alike. Kaspa’s surge and Bitbot’s innovative approach to trading underscore the ever-evolving nature of the industry.

    Whether you are eyeing Kaspa’s potential for significant gains or exploring the revolutionary features of Bitbot, the crypto landscape remains full of opportunities for those willing to navigate its twists and turns.

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  • Injective (INJ) up as Helix unveils pre-launch futures

    Injective (INJ) up as Helix unveils pre-launch futures

    • Injective (INJ) price rose to highs of $8.20 on Wednesday.
    • The gains came as the layer-1 blockchain network’s DEX platform Helix unveiled its pre-launch futures product.
    • Celestia (TIA) is the first pre-launch futures token to list on Helix.

    Injective (INJ) is seeing a nice uptick in price today as the layer-1 blockchain adds to last week’s upside. While the altcoin‘s price is currently just 3.5% up in the past 24 hours, the gains were much more notable earlier in the day when INJ/USD touched highs of $8.20.

    INJ traded to highs of $9.40 in April this year before the early 2023 momentum faded alongside the lull across the crypto market. In 2021, the price of INJ hit the all-time high of $24.89.

    Helix unveils pre-launch futures

    Injective’s price gains came as the Injective blockchain added to last week’s network milestones, which included integration with NFT marketplace Dagora and new Launchpad InjMarket. 

    The latest milestone was achieved via Helix, a decentralized exchange (DEX) on Injective that introduced its pre-launch futures on Wednesday. The product allows customers to trade popular tokens before their official launch.

    “Pre-Launch Futures are futures markets for tokens that have yet to launch. Effectively, this enables users to trade pre-launch markets that are typically reserved for early contributors, VCs or wealthy insiders,” the Helix team said in a blog post on Wednesday.

    The first token on the Helix pre-launch futures market is Celestia (TIA), the native token of the modular data network developed by Celestia Labs. The platform’s recently launched airdrop that concluded today might have aided the overall sentiment in the Injective market.

    TIA, which is expected to go live on a major crypto exchange in coming weeks, will be used for transaction fees. The token also has a fee burn mechanism akin to Ethereum’s EIP-1559.

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  • SYS Labs unveils Rollux Phase 2 with advanced DeFi tools backed by Bitcoin

    SYS Labs unveils Rollux Phase 2 with advanced DeFi tools backed by Bitcoin

    • SYS Labs has unveiled Rollux Phase 2, supercharging DeFi with Bitcoin support.
    • Rollux offers a comprehensive suite of DeFi tools and privacy-focused SuperDapp.
    • Syscoin’s architecture and UTXO Bridge boost Web3 scalability and interoperability.

    SYS Labs, the driving force behind Rollux, has announced the launch of Rollux Phase 2, introducing a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin.

    This development represents a significant leap in the DeFi universe, enhancing the Web3 ecosystem’s performance and inclusivity.

    The Rollux Phase 2

    Rollux Phase 2 signifies a quantum leap in the DeFi universe, marked by innovation and inclusivity. SYS Labs’ commitment to enhancing the Web3 ecosystem, bolstered by Bitcoin’s security and Syscoin’s data availability solution, continues to drive the evolution of blockchain technology and decentralized finance.

    Rollux, an EVM Layer-2 solution, harnesses the strength of Bitcoin’s mining network to optimize Ethereum network applications. It powers SuperDapp, a groundbreaking platform that seamlessly blends AI, messaging, video calls, a non-custodial crypto wallet, and a developer marketplace.

    SuperDapp offers users a secure and private environment for online interactions, enriching the Rollux ecosystem.

    Rollux unveils a comprehensive set of DeFi tools and services in the second phase, addressing the blockchain trilemma – speed, scalability, and affordability.

    With features like a ZK-lite client, cross-chain bridges, decentralized exchanges (DEXs), liquidity protocols, yield aggregators, and a launchpad, Rollux is poised to lay the foundation for a robust Web3 ecosystem.

    Rollux’s strong foundation includes Syscoin’s dual Layer-1 architecture, featuring both a native UTXO chain and an NEVM chain. The newly introduced UTXO Bridge streamlines migration to Rollux’s EVM Layer 2, bridging the gap between UTXO and Layer 2 as per popular demand.

    Rollux has also expanded its suite of Web3 applications and services to include Pegasys DeFi exchange, Luxy NFT Platform, Pali Wallet (available in web and mobile versions), DAOSYS, and Camada, a non-custodial, regulatory-compliant crypto trading platform. The ecosystem is further enriched by Chainge cross-chain aggregated DEX, Agave DeFi lending protocol, Gamma liquidity protocol, Nexter prediction market, GoRollux launchpad, Beefy yield aggregator, and LayerSwap – the first bridge allowing direct and instant transfers from centralized exchanges to blockchains.

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  • Binance unveils its proof of reserves mechanism

    Binance unveils its proof of reserves mechanism

    • Binance’s proof of reserves system initially shows results for the flagship cryptocurrency Bitcoin.
    • The crypto exchange will add other tokens and networks as well as implement ZK-SNARKs.
    • Crypto exchanges are looking to show they have the assets they should hold after the shocking collapse of FTX.

    Binance has published its proof-of-reserve (PoR) system, days after CEO Changpeng Zhao pledged to have the mechanism in place following the collapse of rival FTX.

    The bankruptcy and the contagion that followed crashed the market, with Binance Coin price dropping to lows of $250. Bitcoin price also fell below $16,000, hitting its lowest level since 2020.

    In response, multiple exchanges had released a snapshot of their asset reserves. But the crypto community largely noted the snapshot of assets alone wasn’t enough – there was a need to have exchanges’ liabilities also available.

    Binance’s proof of reserves showed a 101% ratio

    In its update on the issue, Binance has noted its users are now able to verify the exchanges holdings. As for what’s possible now, Binance announced the mechanism will initially support Bitcoin. The exchange will look to add other tokens and networks over the next few weeks.

    Binance will also allow for the auditing of its proof of reserves results by third-party auditors and implement ZK-SNARKs to help bolster privacy and robustness.

    “Because Binance offers Margin and Loans services, the audit results will show the Net Balance, Equity and Debt of each user, where the Net Balance = Equity – Debt,” the Binance team wrote.

    A snapshot taken on 22 November 2022 at 23:59 (UTC) shows Binance’s on-chain Bitcoin balances stood at 582,485.9302, while customer net balance was 575,742.4228. The reserve ratio from the snapshot was 101%, with the margin at 6,743 BTC.

    Binance customers can verify whether the exchange holds their crypto as it should.

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