Day: January 19, 2024

Discover HugeWin – The Crypto Casino That Will Reshape the Industry in 2024 and Beyond

In the crypto gambling industry, it is more and more challenging to reach casinos that offer a genuine experience from head to tail. Even if you found the one that gives you your preferred game or a good platform interface, some aspects are hard to get — security and trustworthiness.

In the light of giving you an alternative to all those casinos, we introduce you to HugeWin, a newcomer who is expected to reshape the gambling industry in 2024 and beyond.

HugeWin – The Junior of the Industry Expected to Dominate the Seniors

HugeWin is a crypto casino that started its operations in January 2024, and even though it’s a newcomer, with the way things are looking and the product they have, we can easily expect them to become one of the largest crypto casinos in the world in the coming period. This is also because the platform was built with the vision of becoming the biggest in the industry from the very beginning.

Created by an extended team of experts, the path for HugeWin was designed to ensure that each and every user can spend time in a fun and reliable environment without any complaints — things that are more and more difficult to achieve or find in the current crypto gambling landscape.

Besides this, HugeWin Casino also bets on another important factor — trustworthiness. They knew from the start that in order to be successful, they had to treat their users properly. 

That’s why, on HugeWin, all bettors will be able to instantly get the money they made on the platform, as HugeWin guarantees immediate payment of the winnings, regardless of the amount, and based on the principle of “no question asked,” of course, if there is no suspicion of severe irregularities or fraud.

And last but certainly not least, if your primary concern about crypto casinos circles around the accepted cryptocurrencies, you can rest assured. HugeWin goes the extra mile by providing a diverse range of cryptocurrencies for both deposits and withdrawals. The list includes Bitcoin (BTC), Tether (USDT), Tron (TRX), Dogecoin (DOGE), Binance Coin (BNB), Litecoin (LTC), and Ripple (XRP).

A Platform Proper for Both Casino and Sport Bettors

HugeWin goes further than that and ensures that every bettor has a good experience and a seat at the table on their platform. That’s why, on their platform, there is a variety of games for those who are into traditional casino games and also for sports enthusiasts.

This crypto casino has a multitude of gaming options delivered by the most established and well-known providers in the industry, such as Pragmatic Play, EGT Interactive, Spribe, Evolution Gaming, Playson, and others.

Based on that, there are all the most influential types of games on HugeWin, from Slots, Roulette, Blackjack, and Baccarat to Spaceman, Zeppelin, and Aviator.

Moreover, even if you’re a soccer or table tennis addict, HugeWin is your go-to place as they offer a wide range of categories for sports betting, including Basketball, MMA, Boxing, Volleyball, and even e-sports such as e-Football or e-Basketball.

And the best part? HugeWin is a licensed crypto casino that achieved a Curaçao eGaming (CEG) license. 

The CEG license holds significant meaning for players at HugeWin, extending beyond a mere stamp of approval. It symbolizes the platform’s relentless dedication to providing security and fairness throughout players’ gaming experiences. Simultaneously, HugeWin places a high priority on promoting responsible gambling practices.

Keep an Eye Out

HugeWin is in the early stages, with numerous exclusive offers and events in the pipeline for its users. So, keep an eye out and stay updated by visiting the platform’s official website for the latest announcements. Additionally, stay informed about HugeWin’s activities and announcements by following them on X (Twitter) and Telegram.

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Fidelity’s FBTC hits $1B inflows, Pullix PLX presale raises $3,89M

Fidelity’s FBTC hits $1B inflows, second to BlackRock’s IBIT.
10 out of the 11 approved ETFs gain $3.4B, Grayscale sees $2.2B outflows.
Pullix PLX token presale gains steam as the trade-to-earn token’s value rises from $0.04 to $0.08.

Fidelity’s FBTC spot bitcoin ETF has emerged as the second to surpass $1 billion in inflows, trailing closely behind BlackRock’s IBIT.

Simultaneously, Pullix, a DeFi protocol, stirred excitement with its PLX token presale, showcasing impressive price surges across stages.

Fidelity’s FBTC inflows

Fidelity’s FBTC has rapidly gained traction in the crypto investment space, becoming the second spot Bitcoin ETF to reach $1 billion in inflows after BlackRock’s IBIT.

According to BitMEX Research, the FBTC ETF achieved this milestone within just five days of trading. The surge in inflows underscores the growing interest among institutional and retail investors in gaining exposure to Bitcoin through regulated and mainstream financial instruments.

BitMEX Research data reveals a robust performance of various spot bitcoin ETFs in the market. While Fidelity’s FBTC and BlackRock’s IBIT lead with $1 billion-plus inflows each, other notable players include Bitwise with $395.5 million, Ark Invest/21Shares with $320.9 million, and Invesco with $194.9 million.

The overall positive sentiment is evident as 10 out of 11 ETFs garnered inflows totalling almost $3.4 billion, with Grayscale experiencing $2.2 billion in outflows.

Pullix PLX token presale

Simultaneously, Pullix, a new player in the crypto sphere, has captivated the attention of crypto traders and investors alike with its hybrid trading platform scheduled for launch before the end of January. The platform is currently conducting the presale for its native token, PLX, and the presale has seen remarkable developments, with PLX prices reflecting significant fluctuations across stages.

Pullix’s PLX token, with its innovative “Trade-to-Earn” mechanism, has witnessed substantial interest. As investors eagerly participate in the presale, the token’s value has surged, revealing the market’s confidence in Pullix’s unique approach to decentralized finance (DeFi).

Starting at an initial price of $0.04, the token swiftly progressed through various stages, reaching $0.08 in the current sixth stage.

The presale has so far raised $3,890,284 reflecting investor confidence in Pullix’s vision of bridging decentralized and centralized exchanges, offering a comprehensive trading experience with a focus on liquidity provision.

Conclusion

The recent developments in the crypto market paint a vivid picture of its ever-evolving nature. Fidelity’s FBTC achieving $1 billion in inflows signifies the growing mainstream acceptance of Bitcoin, while Pullix’s PLX presale success underlines the demand for innovative DeFi solutions.

The crypto world’s continuous evolution promises exciting prospects, and investors remain poised for further groundbreaking developments.

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Borroe Finance gains momentum as THORChain and Stacks dip; anticipating a 300% rise soon?

Data shows that Borroe Finance ($ROE) swung higher on the charts while THORChain (RUNE) and Stacks (STX) each cratered amid positive developments in the crypto industry. This trend has instigated a shift from these altcoins to Borroe Finance, coupled with the fact that the DeFi coin price is on the brink of completing a 300% growth cycle.

Let’s learn more about these top crypto coins compared to Borroe Finance ($ROE).

Borroe Finance moves higher on the chart

Borroe Finance ($ROE) continues to print more green candles amid the market-wide oscillation between losses and gains. While leading blockchain projects such as THORChain (RUNE) and Stacks (STX) are tanking, Borroe Finance ($ROE) keeps rising, reaching new price levels, and entering new presale stages. Also, the new DeFi project has secured over $2.6 million in funding, indicating strong support from the crypto community.

Borroe Finance is an AI-powered funding marketplace that trades future earnings for immediate profit. As a funding platform, Borroe Finance enables entrepreneurs to raise funds for their businesses by converting items such as subscriptions, royalties, and invoices into NFTs. These NFTs are sold at discounted prices on the Borroe Finance marketplace, with $ROE facilitating the transactions.

Borroe Finance ($ROE) has an alluring presale projection, which points to a potential for a 300% value surge. As indicated, $ROE is expected to soar from $0.010 to $0.040 during this phase before its DEX listing. Currently, $ROE is trading at $0.019 in the fourth stage of its presale, with a 5.2% increase to the fifth stage at $0.020 coming soon.

THORChain bears exert downward pressure

THORChain (RUNE) is trading within a range controlled by the bears, as shown by market data on January 11. Per information on the chart, THORChain (RUNE) dropped below $5.00 as sellers took control of the market. This decline provided an entry for buyers looking to buy the dip.

Further information showed that THORChain bulls face resistance at $6.50 and $8.40. With support at $4.88, RUNE could gain sufficient momentum to the first resistance level when the bulls resurface. Reaching this price range could springboard THORChain (RUNE) towards the second resistance level.

THORChain (RUNE) shed 2.4% of its market value from $4.57 to $4.44 between January 8 and January 15. Accordingly, experts noted that the anticipated general market resurgence would help restore buyers’ confidence in RUNE. THORChain (RUNE) will experience a 37.2% increase to $6.50 when this happens.

Stacks shows resilience amid increased volatility

Stacks (STX) took a divergent route from the digital asset market following the SEC’s approval of the spot Bitcoin ETF on January 10. Despite recording gained ahead of the approval, STX’s reaction in the aftermath raised concerns about its condition. As of January 12, Stacks (STX) has shed a notable portion of its market value and regained it afterwards.

Meanwhile, the Stacks bulls attempt to break out of a psychological resistance level at $1.90. However, buyers may soon exhaust their position, potentially causing a decline to lower ranges. Amid these developments, the trade volume of STX is up 78% to $104.63 million.

As the chart reflects, Stacks (STX) is down 5.09% from $1.60 to $1.50 between January 8 and January 14. Crypto analysts expect a recovery in the price of THORChain (RUNE) in the coming days. More precisely, they claimed an 18% increase in the value of RUNE is underway.

To learn more about Borroe Finance (ROE), visit Borroe Finance Presale or join the Telegram Group or follow Borroe Finance on Twitter

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Crypto price prediction: Ethereum ($ETH), Meme Moguls ($MGLS)

Ethereum and Meme Moguls price forecast as SEC delays Fidelity’s spot ETF.
$ETH: Analyst says $2,450 key to bulls and market could see sharp bounce.
Meme Moguls ($MGLS) price has reached $0.0027 in stage 4, showing a 42% upside as potential 100x toke gathers presale pace.

Amid the crypto market’s bid to bounce from recent declines, Ethereum ($ETH) price is battling to hold above $2,400. While most altcoins mirror Ethereum’s downside move, some with double-digit losses over the past 24 hours, new token Meme Moguls ($MGLS) is defying the turbulence.

Here’s what analysts are saying about Ethereum and Meme Moguls.

SEC delays decision on Fidelity’s spot ETF

After recently approving several spot Bitcoin ETFs, the US Securities and Exchange Commission (SEC) has postponed its decision on Fidelity’s proposal to list a spot Ethereum ETF. 

A SEC filing on Thursday pushed the decision on whether to allow or reject the application to March 5, 2024.

According to Bloomberg ETF analyst James Seyffart, SEC’s move to delay aligns with market expectations. He opines that the regulator could push the final resolution to late May. There are other Ethereum ETF applications before the SEC, including by BlackRock and Grayscale.

Meme Moguls ($MGLS): Strong presale suggests market confidence

$MGLS is the native token of the Meme Moguls platform, a new meme-backed trading exchange currently in presale.

The project offers an ecosystem where traders can tap into the opportunities available across the meme-inspired assets’ marketplace. It means viral performances for meme tokens is a chance to make a profitable trade on Meme Moguls.

By holding $MGLS, a trader can also participate in stake and earn as well as take advantage of a play-to-earn (P2E) environment to accrue earnings as they showcase their skills.

With the crypto trading landscape growing amid further adoption, Meme Moguls makes this an inclusive community platform. There’s an opportunity for everyone, including beginner traders who can climb leaderboards as they learn from moguls within the community.

Currently in presale, the Meme Moguls token’s price has risen to $0.0027 as massive interest continues amid predictions that this could be the next 100x token. 

The project has raised over $1.7 million in stage 4 of the token sale. What’s on show is the kind of attention that could fuel $MGLS momentum when the token lists on exchanges after the presale. 

Ethereum ($ETH): $2,450 key to bulls

Crypto prices reacted higher when asset manager’s first filed for the ETH spot ETFs, just like when it happened following Grayscale’s victory over the SEC in the fight to convert GBTC to a spot ETF.

Prices also rallied as the US securities regulator finally approved the first spot Bitcoin ETFs for the US market, with BTC rallying to highs of $49,000 and ETH retesting multi-month highs above $2,700.

Ethereum price is currently looking to hold the critical $2,450 support area. It’s a key level given the liquidations witnessed in the past 24 hours.

Commenting on the price outlook, MAC.D, an analyst at on-chain analytics provider CryptoQuant, noted: “If a large number of long positions are liquidated, causing volatility to the downside, market sentiment has the potential to shift sharply, while if the price holds and bounces back, investors are likely to be reassured and return to buying.”

Ethereum and Meme Moguls price prediction conclusion

While headwinds abound from a regulatory perspective, the crypto market appears to be confident in the eventual approval of ETH spot ETFs. The reflection is in the resilience currently on display despite the hit on broader sentiment.

Analysts expect Ethereum price to retest its all-time high above $4,800 if the bull market holds, and an ETF approval in March, or May, could help catalyse this growth. 

Meanwhile, Meme Moguls could explode as the token makes an entry into the market amid overall upside trajectory for crypto, including meme coins.

If you’d like to learn more about Meme Moguls or buy the $MGLS token, visit their website.

The post Crypto price prediction: Ethereum ($ETH), Meme Moguls ($MGLS) appeared first on CoinJournal.

2024 a significant year with Bitcoin’s 4th halving; promising outlook for Chainlink & Rebel Satoshi (RBLZ)

As the crypto world eagerly anticipates the year 2024, it holds a promise marked by a significant event – Bitcoin’s fourth halving. This phenomenon, coupled with optimistic forecasts for cryptocurrencies like Chainlink and Rebel Satoshi ($RBLZ), is poised to shape the landscape of the digital asset realm. 

In this article, we delve into the potential implications of Bitcoin’s impending halving and explore the promising outlook for two noteworthy top altcoins.

Bitcoin’s fourth halving: a defining moment

Bitcoin, the pioneer of cryptocurrencies, operates on a unique economic model with a fixed supply capped at 21 million coins. The halving event, which occurs approximately every four years, involves a 50% reduction in the reward that miners receive for validating transactions. 

With more than 19 million bitcoins already mined, the fourth halving will further tighten the supply, bringing the total number of bitcoins ever to be mined closer to its 21 million limit.

The halving effect on Bitcoin price

Historically, Bitcoin halving events have triggered significant price movements. While the first halving in 2012 had a negligible effect, subsequent occurrences in 2016 and 2020 witnessed substantial price surges. 

As we approach the expected 2024 halving, the crypto community remains vigilant for potential market dynamics. Analysts often observe increased price volatility before and after halving events, presenting both challenges and opportunities for traders and investors.

Chainlink’s promising trajectory

Amidst the anticipation surrounding Bitcoin, top altcoins like Chainlink have been gaining attention for their unique value propositions. Chainlink, a decentralized oracle network, has established itself as a crucial player in bridging smart contracts with real-world data. The project’s versatile use cases, including decentralized finance (DeFi) applications, have contributed to its widespread adoption.

As of recent market analysis, Chainlink’s price appears to be in an accumulation phase, indicating a potential upcoming bullish trend. Technical indicators such as the Awesome Oscillator, Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) suggest a favourable environment for Chainlink’s price to experience an upward trajectory. 

With key support levels and resistance zones in focus, traders are eyeing the $16.000 mark as a potential milestone for LINK.

Rebel Satoshi (RBLZ): a new player in the crypto arena

In the diverse landscape of cryptocurrencies, Rebel Satoshi (RBLZ) emerges as a notable contender, especially as it garners attention during its presale phase. Having already sold over 100 million RBLZ tokens and raised $1.5 million, the Rebel Satoshi presale is on the brink of reaching the $2 million milestone. Built on the Ethereum network, renowned for its security, Rebel Satoshi stands out as a compelling investment option.

The smart contracts governing Rebel Satoshi have undergone rigorous auditing by Source Hat, a leading auditing firm. This ensures the safety and reliability of the Rebel Satoshi ecosystem. This is one of the reasons why Rebel Satoshi is regarded as the best meme coin. As the presale progresses, investors are urged to consider the potential of Rebel Satoshi, not just as a meme coin but as a project backed by robust technology and a dedicated community.

Investment recommendation

In light of the upcoming Bitcoin halving and the promising trajectories of altcoins like Chainlink and Rebel Satoshi, investors are presented with unique opportunities. While Bitcoin’s halving may contribute to market-wide dynamics, strategic investments in altcoins with solid fundamentals can potentially yield significant returns.

As we look ahead to 2024, the crypto space continues to evolve, offering a dynamic environment for enthusiasts and investors alike. Whether one chooses to ride the waves of Bitcoin’s halving or explore the potential of innovative altcoins, staying informed and vigilant in the ever-changing crypto landscape remains paramount.

Final Thoughts

The year 2024 unfolds with the promise of being a transformative period in the crypto realm. Bitcoin’s fourth halving stands as a key event, influencing market sentiments and potential price movements. In parallel, top altcoins like Chainlink and Rebel Satoshi showcase their unique value propositions, inviting investors to explore diverse opportunities. 

As the crypto journey progresses, strategic decision-making and a forward-looking approach become essential for those seeking to navigate the exciting and ever-evolving world of digital assets.

For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post 2024 a significant year with Bitcoin’s 4th halving; promising outlook for Chainlink & Rebel Satoshi (RBLZ) appeared first on CoinJournal.

Nuvo Unveils Nuscription: Revolutionizing Blockchain Trading

Toronto, Canada, January 19th, 2024, Chainwire

In the dynamic world of blockchain technology, Nuvo has indelibly marked its presence with the successful launch of Nuscription, a pioneering Ethscription platform within the Metis ecosystem. Since its introduction, Nuscription has not just met but surpassed expectations, establishing itself as a pivotal force in blockchain innovation.

Nuscription: Revolutionizing blockchain trading

Nuscription swiftly emerged as a game-changer, bridging ERC20 and inscription tokens to facilitate seamless trading. This innovative platform transcends the conventional limits of smart contracts, offering unprecedented interoperability and flexibility in the blockchain domain.

Revolutionary Trading Mechanism: Drawing inspiration from the successful DYDX model, Nuscription’s order book system represents a significant leap in blockchain trading. It provides a dynamic and efficient environment for market operations.

The debut of $NUVOGENESIS inscriptions garnered immense interest, leading to temporary indexer congestion. Nuvo deeply appreciates the community’s patience and support during this period. The high volume of minting transactions reflects the platform’s widespread appeal and demand.

Nuvo is committed to a fair and equitable minting process, underpinned by a meticulously crafted smart contract. The team prioritized the community’s access, upholding the integrity and transparency of the process.

Introducing Vega: Pioneering the blockchain space

Coinciding with Nuscription’s launch, the Vega project underscores the platform’s potential. Scheduled for minting on January 22nd at 7:00 PM Beijing Time (UTC+8), Vega is poised to become a significant player in the Metis ecosystem.

Innovative Utilization: Vega is the first project utilizing Nuscription’s unique capabilities, setting a precedent in the Ethscription space.
Exclusive Access: Vega tokens, available for minting to a select group of whitelisted users, highlight its distinctiveness and allure within the blockchain community.
Launch Anticipation: The Vega inscription event is eagerly anticipated by the community, poised to be a landmark moment in the blockchain industry.

Upcoming NuMarket launch: Broadening the trading horizon

Nuvo is thrilled to announce the impending launch of NuMarket. This groundbreaking initiative is set to expand the blockchain trading landscape, offering users a diverse range of trading opportunities and experiences.

The blockchain revolution with Nuvo

The ongoing minting of Nuscription offers a unique opportunity to be part of this transformative platform. The upcoming NuMarket launch and Vega inscription event are pivotal milestones for Nuvo and according to the team the entire blockchain industry as a whole.

About Nuvo

Nuvo, a trailblazer in blockchain innovation, is the first to introduce an inscription-based DeFi protocol on the Metis blockchain, seamlessly bridging Web2 and Web3. Committed to enhancing user experience and promoting inclusivity in the digital era, Nuvo offers a range of platforms tailored for both developers and end-users. At the heart of its mission is Nuscription, exemplifying Nuvo’s visionary approach in revolutionizing blockchain trading and asset management. Nuvo is not merely adapting to the evolving blockchain and digital landscape but is actively sculpting it, ensuring a smooth and empowered transition for users into the intricate world of InscriptionFi and beyond.

For more information users can visit Nuvo’s:

Official Website
Twitter
Discord
Telegram

 

Contact

CEO
Caria Wei
Nuvo
hi@nuvosphere.io

The post Nuvo Unveils Nuscription: Revolutionizing Blockchain Trading appeared first on CoinJournal.

Manta Network battles DDoS attack after TGE as new Telegram bot steals the show

Manta Network battles DDoS post-MANTA launch; 135M RPC requests flood, causing delays.
Bitbot revolutionizes retail trading on Telegram with non-custodial, AI-backed solutions.
BITBOT token presale unfolds across 15 stages, offering investors a structured opportunity.

In a whirlwind of recent events, Manta Network faced a DDoS attack right after the successful launch of its MANTA token, causing a stir in the crypto community. Meanwhile, Bitbot, a Telegram trading bot, is making waves by empowering retail investors.

Jin us as we delve into the challenges Manta Network is facing and explore Bitbot’s mission to put institutional-grade tools in the hands of individual investors.

Manta Network DDoS attack

Manta Network, a modular blockchain protocol renowned for its focus on zero-knowledge (ZK) application development, encountered a significant setback shortly after the launch of its governance token, $MANTA. The network experienced a Distributed Denial of Service (DDoS) attack, as confirmed by the co-founder, Kenny Li.

This malicious attempt flooded the network with over 135 million remote procedure call (RPC) requests, a coordinated effort to obstruct normal operations.

Li reassured the community that despite the severity of the attack, the blockchain is running securely, product production continues, and funds remain safe. However, the assault severely limited communication between applications and the blockchain, resulting in delayed transactions and slower withdrawal times.

Understanding the gravity of the situation, Manta Network swiftly responded, stating that it is working tirelessly to deploy enhanced DDoS mitigation efforts. The attack’s abnormal scale and duration posed challenges, extending the resolution timeframe.

Bitbot: revolutionizing retail trading

In the midst of the crypto storm, a new Telegram bot named Bitbot has emerged as a game-changer for retail investors.

With a mission to provide institutional-grade tools within a non-custodial framework, Bitbot stands as a beacon for those seeking financial autonomy. Built on Telegram, it offers an elegant, user-friendly solution backed by proprietary AI, allowing users full control of their assets.

Bitbot boasts ultra-flexible wallet management, utilizing non-custodial API technology secured by Knightsafe’s custody solution. Key safety features include an Anti MEV Bot, preventing manipulation of blockchain opportunities, and anti-rug features, safeguarding users against crypto scams.

Users can seamlessly copy the trades of top-performing traders, enjoy a built-in referral program, and experience easy sign-up with the creation of up to three free wallets.

Bitbot’s presale launched on January 17 offering 30% of the total supply of 1,000,000,000 tokens up for grabs for earlycomers. The presale spans 15 stages, each with a designated percentage of tokens and token price.

In the first stage, the BITBOT token is going for $0.01 and the price is expected to rise to $0.0105 in the next stage. The token price will keep on rising with each presale stage meaning the early bird has the opportunity to reap the most.

Conclusion

As Manta Network navigates a DDoS attack showcasing its commitment to security and privacy, Bitbot’s emergence as a retail investor-friendly trading bot brings institutional-grade tools to the masses, ushering in a new era of financial autonomy.

As these entities weather challenges and forge ahead, the crypto community witnesses the evolution of technologies and solutions that promise to redefine the future of decentralized finance and blockchain applications.

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South Korea president’s office urges FSC to reconsider its spot Bitcoin ETFs stance

Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs.
President’s office urges FSC to reconsider stance, noting possibility if incorporating foreign-listed products.

The South Korean president’s office has urged the Financial Services Commission (FSC) to reassess its stance on the trading of the recently approved spot Bitcoin ETFs.

Earlier this month, the Securities and Exchange Commission (SEC) approved eleven spot Bitcoin ETFs – the nod coming a decade after the first application. But only a day after the ETFs hit the market, the FSC released a statement warning local firms against providing access to the foreign-listed products.

An official of the FSC had also noted that South Korea wasn’t looking to follow the US in allowing spot ETFs.

Government urges FSC to review stance

On Thursday, details in a local media outlet revealed that South Korea’s Office of the President is urging the country’s financial regulator to revisit the matter.

Sung Tae-yoon, chief of staff for policy in the president’s office, said during a briefing on Thursday that the government had told the FSC “not to have a specific direction of ‘yes or no’” stance. The view is that there’s need to find how best to incorporate the new ETFs and other markets into the local financial ecosystem, Tae-yoon added, noting the government was considering this direction.

On January 12, the FSC said in a press release that local securities firms looking to broker Bitcoin spot ETFs listed overseas may violate the government’s current stance on virtual assets. Providing access may also be in violation of the Capital Markets Act, it added.

The outlook contrasts with that of Hong Kong, where regulators are open to spot ETFs.

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Manta Network (MANTA) hit by DDoS attack

Manta Network (MANTA) price slips amid disruptive DDoS attack.
Network is experiencing longer transaction times and increase in gas fees.
MANTA price reached highs of $2.72 after its Token Generation Event (TGE) but was down to $2.13

Manta Network debuted its MANTA token on exchanges on Thursday, with the listing on Binance, BingX, MEXC among others seeing its value skyrocket to above $2.72.

The token is however 20% down since that peak as the team acknowledged a distributed denial of service (DDoS) attack. The DDoS attack coincided with the Layer 2 modular blockchain’s Token Generation Event (TGE) on January 18. The attack flooded the network with more than 135 million fake RPC requests.

DDoS Attack Update on @MantaNetwork
Hey everyone, we are experiencing a calculated DDoS attack on the network. This happened at 9:30AM UTC, exactly the same time as our TGE event. Since that time, we have seen over 135m requests hit the RPC nodes, which indicates that this is a… pic.twitter.com/EgjUiOvRl0

— 🤓Kenny.manta 🦇🔊 (🔱,🔱) (@superanonymousk) January 18, 2024

On Friday, the Manta team posted on X that following the DDoS attack, the network was experiencing transaction delays. The accumulation of large queues of transactions was also impacting gas fees, the platform said.

Because of yesterday’s DDoS attack, the network has accumulated a large queue of recent transactions. This is leading to longer transaction times and impacts on gas fees. We are aware of this issue and working to resolve it,” a statement the blockchain platform posted on Friday stated.

MANTA price was down to $2.13 at the time of writing.

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