Day: October 11, 2023

Ether could eventually be worth $35,000: Standard Chartered

Analyst Geoff Kendrick explains his super bullish view on Ether.
He expects Ethereum to reclaim its dominance in smart contracts.
Kendrick also sees new uses cases as catalyst for price appreciation.

Ether has been in a downtrend over the past three months but a Standard Chartered analyst remains super bullish on the cryptocurrency.

The bull case for Ether

Geoff Kendrick expects Ether to hit $8,000 by the end of 2026 that translates to a whopping 5x growth in about three years.

The analyst is convinced that Ethereum will reclaim its dominance in smart contracts. New use cases, he added in a research note this morning, will also help drive its price up moving forward.

Layer 2 scaling solutions … are likely to grow in importance over time. This should help in … increasing its [EHT’s] P/E ratio over the next couple of years.

Earlier this month, Grayscale filed with the Securities & Exchange Commission to convert its Ethereum trust – the largest Ether investment vehicle in the world to a Spot ETH exchange-traded fund.

Layer 2 could help its PE ratio

Layer 2 solutions are built on Ethereum for efficiency.

The likes of Arbitrum and Optimism also help with preventing transactions from spilling over to a competing network – which should eventually deliver a boost to the token’s price-to-earnings ratio, as per Geoff Kendrick.

Ethereum’s established dominance in smart contract platforms, [and] emerging uses in gaming and tokenization, has the potential to push ETH to $8,000.

Interestingly, the Standard Chartered analyst said the cryptocurrency could even be worth $26,000 to $35,000 eventually but that valuation assumes revenue streams and use cases that are yet to materialise.

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The Open Network (TON) to Attempt World Record for the Fastest Blockchain

Zug, Switzerland, October 11th, 2023, Chainwire

Today, The Open Network Foundation (TON Foundation) announces their upcoming attempt to officially be named the world’s fastest blockchain, accredited by Guinness World Records. The public network performance test, which is scheduled for October 31, 2023, at 15:00 UTC, will demonstrate the reliability, scalability, and speed of The Open Network (TON) blockchain.

TON Foundation will collaborate with Alibaba Cloud, amongst others, to set up 256 servers for validator nodes and start a separate TON blockchain network for performance tests.

Since 2022, the TON blockchain has experienced exponential growth. The network has seen a staggering 20-fold increase in addresses, skyrocketing from 170,000 to a remarkable 3.5 million. The growth of TON’s user base has come alongside the expansion of TON validator nodes to 350, creating a more decentralized network, now spread over 25 separate nations.

Throughout this rapid expansion, TON’s blockchain has upheld a notably reliable track record, with no documented major network disruptions.

The collaboration between TON Foundation and Telegram, announced on September 13, underscores TON Foundation’s commitment to bringing decentralized technology to the mainstream. The upcoming performance test is a pivotal step in demonstrating the unique capabilities of the TON blockchain, now cemented as the trusted infrastructure layer for the Web3 ecosystem in Telegram.

“We look forward to October 31, 2023 to confirm that the TON blockchain technically stands out among any other blockchain, especially in its ability to scale,” says Anatoly Makosov, Core Development Lead at TON Foundation. “This is the first large-scale public performance testing of TON – we’re just as excited as you are to see the results.”

Audiences worldwide are invited to witness the event in real-time by visiting live.ton.org. Viewers are encouraged to view the event for informational purposes only and should not make any investment decisions based on the outcome.

About TON Foundation

The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.

About The Open Network (TON)

The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions the opportunity to own their digital identity, data, and assets. See more at https://ton.org/.

 

Contact

TON Foundation
TON@theagencypartnership.com

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Solana to hit $29.22, Honda accepting Shiba Inu, and Tradecurve Markets token rises 200%

Honda customers can now use Shiba Inu as a mode of payment.
Solana token value could surge to $29.22 by the end of the year based on analyst projections.
Tradecurve Markets could increase by 3,500% at launch

FCF Pay recently announced a partnership with Honda; the platform supports Shiba Inu (SHIB) as a payment option, and this means that now anyone can use it at one of Japan’s largest car manufacturers. 

In other crypto news, Solana (SOL) saw its latest report by Nansen, raising a lot of hype among the community while Tradecurve Markets (TCRV) launched their demo version, making their hybrid exchange accessible to anyone. Consequently, over 18,000 users have signed up with Tradecurve Markets.

SHIB now accepted by Honda after the FCF Pay partnership 

Shiba Inu (SHIB) has recently gained significant attention from both investors and traders. The payment platform known as FCF Pay established a strategic partnership with Honda. 

Now, one of the largest Japanese car manufacturers will officially support the SHIB crypto as a payment method. Moreover, Shiba Inu recently launched the Shibarium network, which saw a spike in activity.

Shiba Inu traded between $0.00000727 and $0.0000069 during the previous week, which is 33% lower than where it was at the beginning of the year. Analysts are, however, bullish on its future.

Based on the Shiba Inu price prediction, it can surge to $0.00001078 by the end of 2023.

Solana ecosystem appeal following Nansen’s report

Nansen, a blockchain analytics platform, released their “Solana, Past, Present and Future” report. They highlighted their deep dive into the ecosystem. They went over the Solana risks, catalysts, and highlights, alongside diving into the exploration of the on-chain data. The report also highlighted network development. As a result, interest in the Solana ecosystem is currently massive.

During the past week, the Solana (SOL) coin traded between $23 and $21. Moreover, cryptocurrency has been up 20% in the past month. According to the Solana price prediction, the cryptocurrency can rise as high as $29.22 by the end of 2023. 

18,000+ users onboard Tradecurve Markets after Demo launch

Tradecurve Markets is an upcoming hybrid exchange that recently launched a Demo Platform. Through this all-in-one platform, users will gain the opportunity to trade any cryptocurrency alongside multiple derivatives. 

These include stocks, forex, commodities, and indices. All of this will be available alongside high privacy, fast withdrawals, and deposits alongside low trading fees. The team will also introduce a Proof of Reserves (PoR) infrastructure.

In addition, there are features like AI-driven trading bots. These can analyze market conditions and implement predetermined strategies. Moreover, users can also access Copy Trader and a Trading Academy. So far, over 18,000 users have signed up, and the presale has raised $6.6 million.

During Stage 6, TCRV trades at a value of just $0.03. This value marks a 200% climb from its initial price at Stage 1. As a result, early investors gained significant ROI.

However, those who jump into the project now can also gain benefits. The token is used for staking and governance. Moreover, according to analyst projections, it can spike in value by 3,500% at launch.

For more information about the Tradecurve Markets (TCRV) presale, visit their official website and follow them on Twitter.

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Immutable partners with AWS to shape the future of gaming

Key takeaways

Immutable has partnered with Amazon Web Service in a bid to push its gaming ecosystem higher.

The blockchain firm is set to gain access to a vast pipeline of game studio leads and support,

Immutable partners with AWS

Blockchain firm Immutable announced via X (formerly Twitter) on Wednesday that it is now working with Amazon Web Service. The partnership will see the two entities work together to shape the future of gaming.

#Immutable 🤝 @amazon

Amazon Web Services and Immutable are working together to shape the future of gaming!

Through our collaboration with Amazon, we will gain access to a vast pipeline of game studio leads, support for successful deal closures, and up to $100k in AWS cloud… pic.twitter.com/SX7xfFqrtK

— Immutable (@Immutable) October 10, 2023

According to the Immutable team, they will gain access to a vast pipeline of game studio leads, support for successful deal closures, and up to $100k in AWS cloud credits per Immutable customer.

In addition to this, developers and studios get access to the most complete platform and ecosystem in web3 gaming. 

The team added that they are excited to gain access to expert resources from AWS to help secure prospective customers and ultimately close deals with major game studios from around the world. 

Thanks to this latest cryptocurrency news, AWS Account Managers are financially incentivised to generate leads for Immutable. 

Immutable continues to build its gaming ecosystem

Immutable is focused on becoming one of the leading Web3 gaming platforms. In recent months, it has partnered with several entities to push its gaming activities. 

In March, Immutable partnered with Polygon Labs to develop a zero-knowledge-powered blockchain platform for Web3 gaming. Immutable and Polygon Labs public testing Immutable’s zero-knowledge Ethereum Virtual Machine (zkEVM) in August.

The blockchain firm also partnered with MetaStudio, a renowned Portuguese game studio, to transform the gaming metaverse.

IMX, Immutable’s native coin, has been underperforming despite this latest development. At press time, the price of IMX stands at $0.512, down by more than 3% in the last 24 hours.

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Hacken and Radix partner to enhance security as Shiba Memu presale hits $3.7M

Radix teams up with Hacken for enhanced ecosystem security.
Shiba Memu, a unique AI-driven meme token, is revolutionising marketing and interaction.
Shiba Memu’s roadmap involves an ongoing presale, centralized exchange listings, AI marketing dashboards, and integration with decentralized apps.

In a move aimed at fortifying the security of its ecosystem, Radix, a layer-1 smart contract platform, has partnered with Hacken, a trusted blockchain security auditor. Hacken will now take on the role of the primary security code auditor for projects operating on the Radix platform.

Radix, known for its full-stack capabilities and layer-1 smart contract platform, is a pioneering platform that allows developers and users to engage with Web3 and decentralized finance (DeFi) through decentralized applications (dapps). At the core of Radix’s offerings is its Scrypto programming language, which streamlines the creation and execution of smart contracts.

Enhancing security in the Radix ecosystem

Hacken brings to the table a team of over 60 cybersecurity experts and a thriving community of white hat hackers and security researchers. These experts are well-versed in the unique Scrypto programming language specific to the Radix network and have immersed themselves in the technical intricacies of the Radix execution environment, consensus algorithm, and the broader network ecosystem.

Piers Ridyard, the CEO of RDX Works, expressed his satisfaction with the collaboration, stating that they have been incredibly impressed with Hacken’s professional approach, deep technical competence, and comprehensive audit process. He also added that Radix, as a new technology stack with novel coding language and execution environment, demands thorough scrutiny.

This partnership is aimed at conducting thorough code audits that will serve to reinforce the security of the Radix ecosystem, particularly the various dapps operating on the platform. While it may not offer an absolute guarantee of security, the audits will undoubtedly enhance the robustness of these decentralized applications, instilling greater confidence among their users.

The price of the Radix (XRD) token surged briefly reaching a high of $0.0458 immediately after the partnership news broke but it had pulled back to $0.04414 at press time.

Shiba Memu: an AI-powered meme token

While Redix seeks to improve the security of its ecosystem through partnership, an emerging player in the cryptocurrency arena, Shiba Memu, is creating a buzz with its innovative approach to marketing and promotion.

Unlike most meme tokens that heavily rely on human-led marketing efforts, Shiba Memu is pioneering the use of AI technology to drive its marketing strategies. This unique approach sets it apart as a compelling investment option.

The token is described as a showstopper, capable of performing the work of multiple marketing agencies. It continuously monitors and identifies the most promising developments in creative advertising, and not just during regular working hours but around the clock.

Shiba Memu’s innovative marketing capabilities, powered by AI technology, enable it to create marketing strategies, write press releases, and promote itself in various online forums and social networks. This self-sufficiency distinguishes Shiba Memu from traditional meme tokens.

Shiba Memu’s AI marketing strategies

The core of Shiba Memu’s strategy lies in its AI-driven approach to generating a wealth of content. The token plans to publish content on a wide array of platforms, including forums and social media.

Furthermore, it will meticulously monitor and analyze the performance of its marketing efforts, making real-time adjustments to optimize results. This agile approach mirrors the principles outlined in “The Art of War.”

Shiba Memu’s AI technology goes a step further by enabling direct interaction with users through a dedicated dashboard. Users can communicate with the AI, offer feedback, make suggestions, and ask questions. This unique feature offers a direct line of communication with Shiba Memu’s AI-powered marketing genius.

Shiba Memu presale and future prospects

The Shiba Memu project envisions significant growth and potential. The team aims to deliver long-term investment opportunities for holders while providing attractive returns for day traders. The project is focused on creating viral content and achieving unprecedented levels of success in the crypto market.

The project’s token was launched on the Ethereum blockchain, with 85% of the total token supply made available to the community in the ongoing Shiba Memu presale.

In Q1 2024, Shiba Memu plans to list its native token on major centralized exchanges, increasing liquidity and accessibility for users and investors.

Q2 2024 will see the development of an AI marketing dashboard visible to users. Machine learning algorithms will also be integrated to analyze successful marketing strategies. The AI marketing dashboard will be launched to the community in Q3 2024, allowing users to engage with the AI, provide suggestions, and integrate with social media platforms for marketing activities.

In Q4 2024, Shiba Memu plans to expand its marketing efforts to new markets and communities. The project will also partner with influencers and content creators to promote its brand before integrating with decentralized applications in Q1 2025.

Conclusion

The partnership between Radix and Hacken is set to enhance the security of the Radix ecosystem, instilling confidence in users and developers.

In parallel, Shiba Memu, with its pioneering use of AI technology for marketing, aims to make a significant mark in the world of cryptocurrency. Both initiatives represent innovative approaches in their respective domains, showcasing the ongoing evolution and diversification within the crypto space.

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Top 3 reasons why investors own cryptocurrencies

Most individuals believe crypto is a good investment
People are attracted to new technology
Lack of trust in authorities turned people to crypto

The cryptocurrency market’s popularity rose exponentially in the last decade or so. The difference is stunning if one looks at the market capitalization of the entire industry today and compares it with, say, ten years ago.

So, knowing what drives people to invest in cryptocurrencies is interesting.

Guess no more.

A study by the Federal Reserve, called Federal Reserve’s 2022 Diary of Consumer Payment Choice, sheds light on this topic. So here are the main three reasons why investors hold crypto:

Great potential investment
People are interested in new technologies
Some do not trust the US government or the US dollar

Most individuals own crypto as an investment

The overwhelming majority of individual investors own cryptocurrencies because they believe it is a good investment. More precisely, 67% of investors are crypto owners only from an investment perspective.

While this is impressive, it also tells much of the industry. It means that most investors are just speculating and hoping for higher prices than the ones they paid.

Coupled with the fact that only 0.3% of the respondents said they use it to buy goods and services in the United States, it tells much about the main reason people invest in cryptocurrencies.

Many own crypto because they are interested in new technologies

Another reason to own crypto is that investors want to have exposure to new technologies. 20.7% of investors are interested in new technologies, which is a good enough reason for them to buy and hold cryptocurrencies.

Lack of trust in the US government or the US dollar

1.6% of investors do not trust the US government or the US dollar. While not a big number, it reflects investors’ belief that the US government’s policies failed to support the local currency, and thus, investors turned to cryptocurrencies.

The rest of the respondents fell into other categories, which sum up to 8.6%.

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Shiba Inu struggles amidst whale exodus as Memeinator presale takes off

Shiba Inu (SHIB) is facing a sharp decline in price and whale activity.
SHIB’s decline is raising doubts about the meme coin’s future in a competitive crypto market.
Memeinator, a new AI crypto project, aims to dominate the meme coin market with its MMTR token.

In the volatile world of cryptocurrency, Shiba Inu (SHIB) has recently faced a dramatic decline, with its price hovering near yearly lows.

SHIB’s struggles have raised concerns about its future in the crypto market. The once-soaring meme coin has faced several challenges, and its latest setback comes in the form of a mass exodus of large holders, often referred to as “whales.”

Shiba Inu faces whale exodus

Shiba Inu has witnessed a significant drop in the number of substantial transactions on its network, with large holders reducing their activity according to data from Etherscan. In the recent past, the number of these transactions significantly dwindled, marking a period of inactivity rarely seen in the meme coin’s history.

Several factors appear to be contributing to this sudden decline in whale activity.

One potential reason for this exodus is the waning interest in highly volatile assets like SHIB. With Bitcoin’s dominance on the rise, many investors might be shifting their focus from riskier assets to more established ones. Bitcoin’s stability and status as a flagship cryptocurrency have drawn investors looking for safer options in these uncertain times.

Additionally, SHIB’s price performance over the past few weeks has been less than inspiring. Currently trading at $0.000006861, the meme coin has dropped by over 33% since the start of 2023.

SHIB price performance over the years

 

This underwhelming performance could discourage large holders, leading them to reduce their activity or even offload some of their SHIB holdings.

The general decline of meme coins

The decline in whale activity within the Shiba Inu ecosystem mirrors a broader sentiment shift in the cryptocurrency market. As the crypto space matures, investors are increasingly discerning, gravitating toward assets with strong fundamentals and practical use cases.

Meme coins like Shiba Inu, driven primarily by social media hype and celebrity endorsements, have a difficult time sustaining long-term interest and growth. While SHIB had its moments in the spotlight, the current landscape requires more than just social media buzz to maintain a coin’s value.

In such a competitive and evolving market, meme coins must adapt to changing dynamics, provide genuine utility, and offer something unique to investors to maintain and grow their user base.

Memeinator MMTR Token: a new AI-driven meme coin

Amid Shiba Inu’s challenges and declining interest in meme coins, a new project known as Memeinator has entered the scene with a bang following the launch of its token presale.

Memeinator, a self-proclaimed “ultimate meme coin,” plans to dominate the meme coin market with the aid of AI technology, viral marketing, and a clear mission: to hit a $1 billion market cap.

The project aims to launch new products, including the Memeinator game and the Memescanner, along its journey.

MMTR, the token associated with the Memeinator project, is positioned to become a staple among top-tier meme coins with genuine utility. The tokenomics of the MMTR token include allocations for presale, marketing, development, exchange liquidity provision, and a competition pool.

Memeinator has outlined a roadmap for its development, consisting of several phases. The project started by forming a team and building a community. It is now developing its blockchain as it conducts its token presale and it also prepares to engage in powerful marketing. As it progresses, Memeinator will partner with influencers and platforms, introduce staking, and release exclusive NFTs.

The later phases of Memeinator’s roadmap include listing on Tier 1 exchanges, launching the Memescanner, and releasing the Memeinator game.

The Memeinator team has made it relatively straightforward for potential investors to participate in the MMTR token presale. By connecting their crypto wallet to the Memeinator presale site, investors can send the desired token to their wallet, supporting multiple cryptocurrencies, including ETH, USDT, and USDC.

Participants can then swap their chosen token for MMTR, making sure they have the necessary cryptocurrency in their wallet to cover transaction fees. Investors will be able to claim their MMTR tokens after the presale concludes.

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WOO Network buys back shares and 20M tokens from bankrupt 3AC

WOO Network repurchases 20 Million WOO Tokens from 3AC.
Woo has also cancelled shares purchased by the Three Arrows Capital (3AC).
The 20 Million tokens were sent to a burn address.

Taiwan-based liquidity provider, WOO Network, has finalized a pivotal agreement with Three Arrows Capital (3AC) liquidators, marking a significant step in their mission to regain control of their financial future.

Three Arrows Capital’s filing for bankruptcy in July 2021 was triggered by a financial meltdown driven by excessive leverage. This crisis coincided with the tumultuous collapse of the $60 billion Terra Luna ecosystem, in which 3AC held substantial investments.

In a move that clears the uncertainty surrounding 3AC’s involvement, WOO Network has repurchased shares and tokens initially sold to the bankrupt hedge fund during its 2021 Series A fundraising.

20M WOO Network tokens sent to burn address

Besides repurchasing the 20 million WOO Tokens worth approximately $3.4 million at current market prices, as part of the agreement, WOO Network has cancelled the shares acquired by 3AC in the 2021 Series A round.

WOO Network raised $30 million during its Series A fundraise, though the specific investment amount from 3AC remains undisclosed.

Interestingly, the repurchased tokens have been securely sent to a burn address, ensuring they are permanently removed from circulation and inaccessible.

WOO Network price resilience

Despite market turbulence that has seen the WOO token’s price halve over the past six months, it remains 10% higher than its value at this time last year. Presently trading at around $0.1673, the WOO Network token is focused on moving forward, leaving the disruptive impact of 3AC’s bankruptcy behind.

The token and shares repurchase underscores WOO Network’s commitment to securing its financial future and rebuilding amid the volatile cryptocurrency landscape. Jack Tan, the co-founder of WOO Network, affirmed the company’s dedication to its mission, emphasizing that this agreement has helped remove the spectre of 3AC’s fallout.

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Visa announces $100M fund for AI innovations, The Graph & InQubeta uptrend begins

Visa’s game-changing $100 million fund for generative AI ventures is not only reshaping the future of payments but also driving an uptrend for startups like InQubeta and The Graph.

Visa $100M fund aiming at AI innovations

Visa, a global leader in payments, has announced a significant move towards advancing artificial intelligence (AI) in the field of commerce and settlements. The company is establishing a new fund with a whopping $100 million allocation dedicated to investing in generative AI ventures.

This initiative, unveiled on October 2nd, is designed to support companies that are actively engaged in the development of generative AI technologies and their applications within the domains of commerce and payments. The selection and oversight of these investments will be managed by Visa’s corporate investment arm, Visa Ventures, which has been instrumental in fostering inventions in the payments and commerce sector since its inception in 2007.

Generative AI is a groundbreaking technology capable of producing various forms of content, spanning text, imagery, audio, and synthetic data. Notable examples like OpenAI’s ChatGPT and Google’s Bard illustrate the prowess of generative AI in understanding and generating human-like written content.

Visa’s Chief Product and Strategy Officer, Jack Forestell, has expressed great optimism about the future of generative AI within the financial landscape. He emphasized how this technology will not only reshape the way we live and work but also transform commerce in ways that require our close attention.

Visa’s recent foray into generative AI builds upon its longstanding commitment to integrating AI into its operations. The company claims to have been one of the earliest adopters of AI for payments, deploying AI-based technology in 1993 for risk and fraud management. In 2022, Visa’s real-time payment fraud monitoring system, Visa Advanced Authorization, reportedly helped thwart an estimated $27 billion in fraudulent transactions.

In 2021, Visa introduced VisaNet +AI, a suite of AI-driven services aimed at addressing issues such as account balance management and other daily settlement challenges faced by financial institutions. Some of the tools in this suite, like Smarter Stand-In Processing and Smarter Posting, are designed to enhance payment experiences, particularly during outages, and expedite consumer payments while reducing confusion caused by posting delays.

Aside from its active investments in AI, Visa has also been enthusiastic about incorporating cryptocurrency technology into its payment ecosystem. In April 2021, the company revealed plans for a new crypto product geared towards promoting the mainstream adoption of public blockchain networks and stablecoin-based payments.

The Graph (GRT): revolutionizing blockchain data indexing

The Graph (GRT) is a pioneering blockchain project that’s reshaping the landscape of decentralized applications (DApps) by providing efficient and decentralized data indexing and querying services. Unlike traditional centralized databases, The Graph enables developers to create powerful DApps that can efficiently retrieve and display data from various blockchains in real time.

The Graph functions as a decentralized indexing protocol, offering developers a way to query and retrieve data from blockchain networks like Ethereum and IPFS. This simplifies the development process by providing a standardized way to access data, making DApps more user-friendly and responsive.

The heart of The Graph’s functionality lies in subgraphs, which are custom data schemas that developers create to define how data should be indexed and queried. These subgraphs are shared on a decentralized network of indexers who collectively maintain and query the data.

One of the standout features of The Graph is its decentralized nature. Unlike traditional databases that rely on centralized servers, The Graph’s data is distributed across a network of nodes, ensuring robustness and censorship resistance. This makes it a crucial infrastructure component for Web3 applications.

The Graph has gained significant traction within the blockchain and DApp development community. Numerous blockchain projects and DApps rely on The Graph’s indexing services to access data efficiently, ranging from decentralized finance (DeFi) applications to non-fungible token (NFT) marketplaces.

It has its native utility token, GRT, which serves various purposes within the ecosystem. Indexers and curators are rewarded in GRT for their services, and developers pay in GRT for indexing and querying data. This creates a self-sustaining economy within The Graph network.

InQubeta (QUBE) uptrend begins

InQubeta, often regarded as the best cryptocurrency for AI investments, has revolutionized the world of crypto crowdfunding and investments. It offers a unique crypto crowdfunding platform that enables fractional investments in AI startups using its native $QUBE tokens, which are deflationary ERC20 tokens created by InQubeta.

Investors looking for the best crypto to invest in now should pay close attention. The platform facilitates the creation of investment opportunities as NFTs, allowing individuals to invest according to their budget while enjoying the benefits of being early backers. InQubeta’s NFT marketplace provides AI startups with a means to raise funds and offer reward and equity-based NFTs, making it one of the best cryptocurrencies to buy now. This creates a mutually beneficial ecosystem where $QUBE token holders can readily invest in projects they believe in.

$QUBE tokens are not just any crypto; they offer an attractive investment opportunity, thanks to their deflationary nature. A 2% tax on all buy and sell transactions goes to a burn wallet, making it one of the top cryptos to buy today, which gradually increases the token’s value over time. Additionally, a 5% sell tax contributes to a dedicated reward pool, allowing investors to earn rewards through token staking.

Investors wondering which crypto to buy today for long-term growth should consider InQubeta. It aims to bridge the gap between investors and AI startups, making AI technology investments more accessible and transparent. By leveraging blockchain and smart contracts, they intend to create a secure and efficient investment process.

Moreover, InQubeta has transformed the $QUBE token into a governance token, empowering token holders to actively participate in the decision-making processes of the platform. This approach ensures a democratic and community-driven ecosystem where token holders can propose, discuss, and vote on platform-related matters.

InQubeta’s NFT marketplace is not just about the best NFTs to buy; it’s a central component of the investment process for AI startups. It allows startups to create reward and equity-based NFTs, which are then listed on the marketplace. Investors can purchase these NFTs using $QUBE tokens, providing startups with essential funding and community support. In return, investors receive rewards and equity tied to the success of the AI startup, making it one of the best NFT crypto investments.

$QUBE is built on the Ethereum blockchain, harnessing its smart contract capabilities to create a transparent and secure investment ecosystem for AI startups and investors. InQubeta’s commitment to expanding to multiple blockchain platforms in the future further emphasizes its dedication to creating an inclusive and diverse investment ecosystem.

For those seeking crypto investment opportunities, InQubeta’s $QUBE token represents an inventive approach to AI technology investments, offering a more accessible, transparent, and democratic investment process while empowering the growth and success of AI startups.

To invest in InQubeta, visit the InQubeta Presale and to learn more about the project, you can join InQubeta Communities

Conclusion

In conclusion, Visa’s pioneering investment in generative AI, catalyzing growth for startups like InQubeta and The Graph, marks a transformative turning point in the realm of commerce and payments.

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Circle and Coins.ph partner for USDC remittances in the Philippines

Coins.ph and Circle say the partnership aims at improving the remittance landscape in the Philippines.
The companies target cheap and near-instant remittances enabled by the USDC stablecoin.

Philippine fintech company Coins.ph and Circle, the issuer of the USDC stablecoin, have announced a strategic partnership targeted at promoting USDC-denominated remittances in the Philippines.

The companies want to drive further adoption of crypto remittances via the stablecoin for the more than 18 million Filipinos that use Coins.ph, per details in a press release published on Wednesday. The Philippines is the world’s fourth largest destination for remittances.

Circle co-founder and CEO Jeremy Allaire commented on the “broad commercial partnership” via a post on X, stating:

Today through a broad commercial partnership with @coinsph, @circle will bring $USDC distribution and remittances to their 18 Million Filipino users. Digital dollars and low-cost, instant dollar remittance continues to be unlocked in emerging markets. https://t.co/xb9gLfHx6n

— Jeremy Allaire (@jerallaire) October 11, 2023

Low-cost, near-instant USDC-denominated remittances

Coins.ph, a crypto exchange and wallet provider, says the partnership will bring not just secure, but low-cost and near-instant cross-border remittances to the people. USDC is a fiat-backed stablecoin redeemable that’s 1:1 for US dollars.

According to the Philippines central bank Bangko Sentral Ng Pilipinas, remittance inflows stood at a whopping $36.1 billion in 2022. But while these transfers play a crucial role in the country’s economic growth, the impact of huge fees and transaction delays related to conventional payment channels has been huge.

A recent World Bank report indicated that the average remittance fee via traditional rails was $200, or roughly 5.7% in 2022. USDC will greatly reduce the costs, with Coins.ph and Circle eyeing the United Nations’ target of 3% or lower for migrant remittances costs.

The use of USDC also promises financial inclusion to more people, including the 44% of the Philippine adult population that remains unbanked.

By making cross-border transactions near real-time and dramatically reducing transaction costs, we support the United Nations’ Sustainable Development Goal of reducing to less than 3 percent the transaction cost of migrant remittances by 2023. Together, we’re making critical steps toward increasing economic opportunity and prosperity in the Philippines,” Raagulan Pathy, Circle’s VP for Asia Pacific, said in a statement.

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