Day: February 5, 2024

Polygon (MATIC) hovers near key level ahead of Etrog upgrade

Polygon (MATIC) traded near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog upgrade.
MATIC could breakout to above $1 if bulls hold key level, or likely retest the important support zone at $0.5.

Polygon (MATIC) price was trading near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog mainnet upgrade.

The altcoin, which rose to above $0.79 amid a 20% spike in trading volume, was among the few cryptocurrencies in the top 20 by market cap to hover flat as Bitcoin retreated below $43k to mirror US stock declines.

MATIC outlook as Polygon eyes Etrog upgrade

Last month, Polygon Foundation announced a 10-day countdown to the activation of the Etrog upgrade on mainnet. 

As noted in a blog post, the upgrade is for Polygon zkEVM and is set to bring support for pre-compiled smart contracts. The release is expected to transform the zkEVM closer to a Type 2 ZK-EVM, – that is, an EVM-equivalent ZK rollup.

With the upgrade, developers can deploy their code on Polygon zkEVM just as they would on Ethereum. According to the Polygon Foundation, devs only need to “copy-paste and go, no modifications necessary.”

The next upgrade for Polygon zkEVM will, effectively, make the network a Type 2 ZK-EVM. What does that mean for developers? It means that you can deploy your code on Polygon zkEVM exactly as it is on Ethereum—just copy-paste and go, no modifications necessary.

The 10-day… pic.twitter.com/GThNxj7V6F

— Polygon Foundation (@0xPolygonFdn) January 27, 2024

The 10-day countdown for the upgrade means the expected mainnet release is on Tuesday, February 6.

Ahead of this milestone, MATIC price rose from an intraday low of $0.76 to $0.79 before retesting the support area amid today’s broader crypto lull.

If a breakout materializes in coming days and weeks, the Polygon token could target an extended run above the psychological $1 level. A breakdown however could push MATIC/USD to the 2023 support base around $0.5.

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Crypto fear and greed index retreats as BitBot token sale thrives

The crypto fear and greed index has pulled back in the past few weeks.

This happened as Bitcoin and other altcoins moved sideways.

BitBot has continued to do well in the past few months.

The crypto fear and greed index continued to retreat this week after a major warning from Jerome Powell and Raphael Bostic. In separate statements, the two Fed officials warned that inflation remained stubbornly high and that they would not cut interest rates any time soon. 

These statements led to a sense of fear in the financial market. Bitcoin retreated to $42,000 while the total valuation of all digital coins plunged to $1.7 trillion, according to data by CoinGecko. Other popular coins like EOS, IOTA, and Decentraland also continued falling. 

Meanwhile, the crypto fear and greed index moved from the extreme greed zone of 78 to the neutral point of 50. This is a sign that investors are no longer greedy. The same trend is happening in the stock market, where the Dow Jones and Nasdaq 100 indices dropped by more than 1%..

BitBot is thriving

Despite the rising fear in the crypto industry, BitBot is thriving as its token sale intensifies. Data in its website shows that the token has already raised over $426k in the past few weeks. It is matching towards its goal of raising $630k in the current stage, which you can participate here.

For starters, BitBot is a platform that aims to disrupt one of the biggest industries in the trading and investing world. It is aiming to streamline the Telegram bot market that generates millions of dollars every year.

Telegram bots are tools that millions of day traders subscribe to with the goal of receiving day trading signals. The challenge with most of these bots is that most of them are highly inaccurate and they tend to be opaque.

BitBot will change this by using blockchain technology since it will be powered by $BITBOT token. This token will give holders the ability to share revenue that the network generates. It will also give them exclusive access to pre-sales and other features in the ecosystem. 

Most importantly, the network will merge the features of non-custodial trading solutions and its superior security features. This means that traders will maintain their keys and their wallets, which is a good way to boost security.

Is BitBot a good investment?

BitBot’s token sale is doing well at a time when demand for cryptocurrencies has waned slightly in the past few weeks after the SEC accepted a spot Bitcoin ETF. The total volume of cryptocurrencies traded in exchanges has retreated modestly in this period.

Still, a case for investing in BitBot’s presale can be made. For one, most analysts believe that the outlook for cryptocurrencies is still bullish. Besides, the Fed will ultimately start cutting interest rates this year. 

Also, the closely-watched Bitcoin halving will take place later in April. Historically, cryptocurrencies tend to do well ahead and after the halving happens. If this happens, BitBot will likely do well in the coming months. 

However, there is a caveat about all this. Historically, cryptocurrencies tend to be high-risk and high-reward assets. As such, there is a likelihood that the token could surge or retreat after going public. This means that traders should only invest funds that they are comfortable losing.

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Tether leads $25M round for crypto payments firm Oobit

Tether led the $25 million Series A round for crypto payments firm Oobit.
Solana co-founder Anatoly Yakovenko also backed the platform’s investment round.

Oobit, a mobile payments firm that allows users to pay with crypto, has raised $25 million in its Series A funding round. 

Stablecoin issuer Tether led the crypto platform’s funding round, which also attracted the backing of CMCC Global, 468 Capital and Solana co-founder Anatoly Yakovenko.

The financing will help Oobit continue its development as it looks to achieve mainstream adoption, Tether noted in a press release.

Tether’s strategic investment in Oobit underscores our unwavering dedication to welcoming new users into the cryptocurrency ecosystem,” said Paolo Ardoino, CEO of Tether. 

He added: “Our support is founded on a mutual vision to drive the widespread adoption of cryptocurrencies on a global scale. Oobit, in our perspective, stands as a catalyst, breaking down barriers and facilitating frictionless transactions for crypto holders worldwide.”

With Oobit, crypto holders can easily pay for goods and services at more than 100 million retail points globally. Oobit’s Tap & Pay feature, which accepts Visa and Mastercard, uses NFC (near-field communication) to enable contactless payments, with users accessing tokenized payments that allow for merchants to convert crypto to fiat in real time.

The platform also targets growth across the financial space with third-party wallet integrations.

Following today’s news, the price of native Oobit token OBT soared by more than 30% to reach highs of $0.105.

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Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem

Panama City, Panama, February 5th, 2024, Chainwire

The Taraxa Protocol Foundation has launched a $10 million Grant Program to drive growth in Taraxa’s unique EVM-compatible blockDAG Layer-1 ecosystem, after an overwhelmingly successful on-chain governance approval.

The Taraxa Grant Program is open to any individual, team, and organizations of any type. Funds will be granted specifically for technical development with an emphasis on driving usage and growth within the Taraxa ecosystem, and are disbursed according to quantifiable milestones.

Building on Taraxa presents a unique opportunity for developers to experience the benefits of the world’s first and only native EVM-compatible decentralized network built with the blockDAG architecture. Here are just a few of the reasons why builders should consider building the next big idea on Taraxa,

An unique opportunity to Build on blockDAG: blockDAG is the next evolutionary step up from block-chain, able to achieve stunning throughput and low latency without sacrificing security and decentralization by enabling parallel block processing on the network instead of just one block at a time.
True EVM Compatibility: any dApp that works on Ethereum just works on Taraxa, no need to learn new languages, frameworks, or tooling.
Fast & Low-Cost: with peak throughput of 5k TPS, sub-second block times, instant block inclusion, and under 4-second finalization, working on Taraxa is fast & smooth, with each transaction costing next to nothing.
True Finality: zero risk of transactions being reversed, Taraxa’s True Finality guarantees that when a transaction is finalized (under 4 seconds), it is finalized forever.
Front-Running Prevention: Taraxa’s architecture and speed minimize and fragment the network’s mem pool, making it almost impossible and definitively unprofitable for DeFi transactions to be targeted for front-running.
Supportive Community: Taraxa’s community is highly engaged and the development team is helpful to a fault. Not only will the user be building on a network backed by the best technology in the world, but he will also receive the full support, attention, and participation from Taraxa’s community!

The upcoming Ficus Root Bridge in mid-2024 further strengthens the Taraxa ecosystem’s utility, asset diversity, and cross-chain liquidity. DeFi builders don’t have to worry about fragmented assets or liquidity, since they flow seamlessly between Ethereum and Taraxa. The bridge, coupled with Taraxa’s fast, low-cost and natively EVM-compatibility, make Taraxa a natural Layer-2 solution for dApps or consensus layer for rollups.

Developers can apply to the Taraxa Grant Program today and pitch their ideas on how to creatively leverage decentralization to solve problems!

About Taraxa

Founded by two Stanford engineers in 2018, Taraxa is an EVM-compatible smart contract platform based on t-Graph consensus utilizing blockDAG, with many world-first technical innovations on top of the blockDAG architecture. After launching its mainnet in 2023, Taraxa represents the next evolutionary step in decentralized networks.

Contact

Taraxa Protocol Foundation
foundation@taraxa.io

The post Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem appeared first on CoinJournal.

Reunit Wallet Launches Reward Program: Trade To Earn

London, United Kingdom, February 5th, 2024, Chainwire

Reunit Wallet, an omnichain wallet built on technology developed by LayerZero & Stargate Finance, is launching a volume-based reward program.

In an effort to stimulate trading activity on its integrated platform and attract new users, Reunit Wallet is implementing a reward system for traders.

Starting now, for every $100 in generated volume, users will receive 1 REUNI. Additionally, if a referral code is used, a 25% bonus will be applied.

Users who share their referral code will also enjoy a 25% bonus on the rewards generated by the traders they’ve referred.

Furthermore, Reunit Wallet has plans to soon introduce a staking feature for REUNI tokens. Participants in the staking program will receive 50% of the fees generated from transactions made through Reunit Wallet.

Useful links

Website : https://everywhere.finance
Twitter / X : https://twitter.com/EverywhereFi

About Reunit Wallet :

Created by a former core-team member of Sushiswap (2020-2022), Reunit Wallet is the first natively omnichain wallet that enables seamless batch transfers across multiple blockchains with a single click. It also offers an integrated trading terminal supporting limit and market orders, providing a comprehensive and seamless trading experience.

Security is a paramount priority for Reunit Wallet, which is why the wallet conducts a comprehensive simulation of each transaction and signature, allowing the user to anticipate the outcomes of their transaction, including token transfer confirmations or the granting of necessary permissions.

 

Contact

CEO
B.Naïm
contact@everywhere.finance

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Rising Stars in Crypto: Filecoin and Polkadot See Growth, NuggetRush Draws Interest with Its Novel Offering

TLDR

Filecoin (FIL) will get a DeFi boost following the launch of Pyth price feeds on its network.

Polkadot (DOT) users will also enjoy a substrate native token bridge to Ethereum L2 networks.

NuggetRush (NUGX) is establishing its name in the gaming market after selling 168 million tokens.

Filecoin (FIL) has announced the launch of Pyth price feeds on its virtual machine. Polkadot’s (DOT) community is celebrating the launch of a native token bridge powered by XCM.

Yet, NuggetRush’s (NUGX) offer to provide uncommon rewards for its NFT gaming activities continues to woo investors. It has now raised an 80% profit in its presale. Yet, can NUGX emerge as one of the best cryptocurrency investments? Join the discussion.

>> Buy NuggetRush Now <<

PYTH Price Feeds Launches on Filecoin

Pyth price feeds are now live on Filecoin’s Virtual Machine. The new partnership would allow Filecoin users to access crucial financial data. Furthermore, Pyth will open up the Filecoin (FIL) community to its over 80 market participants, with players like CBOE, Binance, OKX, and Bybit.

The partnership could further boost Filecoin’s (FIL) market growth. FIL traded at $7.6080 on January 1. It fell by 23.5% to $5.8160 on January 14. FIL dropped by 15.9%, reaching $4.8911 on January 23 before a 5.3% recovery to $5.1547 on January 30.

Filecoin’s (FIL) virtual machine has become more popular in recent years, as evidenced by growing partnerships on the network. Some analysts say Filecoin’s (FIL) network activity will increase following the partnership with Pyth. 

Furthermore, FIL could rise by 9.6% to $5.6509, becoming one of the top DeFi projects.

Polkadot Gets First Substrate Native Token Bridge to Ethereum L2 Network

On JanuaryNUGX 24, 2024, Polkadot (DOT) announced a substrate native token bridge enabled by XCM. The token bridge would allow Polkadot users to transfer Manta tokens between Manta Atlantic and Pacific on Ethereum.

The news excited Polkadot’s community amid DOT’s recent fall. DOT traded at $8.5989 on January 1. It fell by 14.7% to $7.3271 on January 14. DOT’s bearish momentum increased, pushing its price up by 8.9% to $6.6702 on January 27. DOT jumped by 5.4% to $7.0309 by January 29.

Polkadot (DOT) hopes to bring more users to its network to fend off competition from other altcoins like Polygon and Cardano. Analysts say its new substrate native token bridge would boost its DeFi activity, further increasing demand for Polkadot’s (DOT) services. This could push Polkadot’s DOT token up to $7.9809.

NuggetRush: Matching Gamers’ Desire for High Value NFT Rewards

NuggetRush’s (NUGX) presale performance caught the attention of investors searching for a profitable project to back. Meanwhile, P2E gamers cannot stop buzzing about the promise of an entirely new blockchain gaming experience with unique financial rewards like real gold.

To the average gamer, NuggetRush is a fun, adventure-packed mining game that challenges a player’s critical thinking, decision-making, and management skills. But to P2E enthusiasts, NuggetRush (NUGX) is also a wealth-generating opportunity.

NuggetRush (NUGX) players earn high-value rewards for participating in mining operations. To earn better rewards as they progress, players must improve their mining efficiency. They can do this by recruiting better workers, buying efficient machinery, or participating in group mining operations.

Rewards earned on NuggetRush (NUGX) can be traded on the game’s peer-to-peer NFT marketplace for real cash. However, players can invest these rewards for up to 20% APY through NFT staking. 

NuggetRush’s (NUGX) reward-earning opportunities are open to all. However, gamers must participate in its ongoing blockchain ICO to have an early advantage over others. NuggetRush has sold over 168 million tokens and raised over $2 million. Its presale price has also risen by 80% since its launch. NUGX’s next increase will take it to its exchange listing price of $0.020.

Visit NuggetRush Presale Website

The post Rising Stars in Crypto: Filecoin and Polkadot See Growth, NuggetRush Draws Interest with Its Novel Offering appeared first on CoinJournal.

Nibiru Chain Secures $12 Million to Fuel Developer-Focused L1 Blockchain

Dallas, Texas, February 5th, 2024, Chainwire

Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious phase of growth. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

“Nibiru has taken all of the best in class technology and research developed over the past few cycles and packed them into the best new chain we have ever analyzed. They optimize for developers with a built-in dev toolkit, easy-to-use APIs, language SDKs, and a native oracle. MV Capital could not be more excited to be a partner with Nibiru as we move into the new level of adoption for crypto.” – Tom Dunleavy, CIO and Partner at Master Ventures Capital

Nibiru’s Community Sale on CoinList sold out its initial allocation of $3M in 9 minutes. An additional $3M extension sold out as well within 11 minutes. By the end, this sale had 842% in pre-funded excess interest, attracting 42,713 registrants and over 5,000 purchasers of the network’s staking and utility token, NIBI.

Onboarding Next Generation Blockchain Applications

Nibiru Chain stands out with its innovative tech and emphasis on developer and user-centricity. Key partners expressed their enthusiasm:

“We look forward to supporting the distinctive Layer 1 model Nibiru has designed, where the core primitives are built alongside the core foundation for maximum interoperability — all while incentivizing developers and users through its smart contract royalty mechanism.” – Brandon Gath, Managing Partner at Kraken Ventures

It’s the platform of choice for developers who prioritize security and performance. Boasting 40K transactions per second (TPS), 1.4s block times, and robust security, Nibiru Chain’s versatility spans multiple sectors including real-world assets (RWAs), gaming, DeFi, and more. Developers build on Nibiru Chain with confidence, leveraging CosmWasm smart contracts for enhanced security or the familiarity of the EVM.

Additionally, developers can leverage Nibiru’s “dev gas” royalty mechanism to ensure a sustainable model for long-term growth. At its core, Nibiru Chain is driven to create the optimal environment for developers and users.

“Nibiru’s integrated super applications, native oracle, and data-indexing significantly reduce the technical selection difficulties for Web3 projects while simultaneously lowering the likelihood of security incidents. This will heighten user and developer confidence and the consequent growth and prosperity of the Nibiru ecosystem. – Allen Su, General Partner at ArkStream Capital

Looking Ahead – Nibiru Chain’s 2024 Roadmap

In 2024, Nibiru Chain sets its sights on expanding the ecosystem. Key developments include several initiatives such as a gamified engagement airdrop, integration with major liquidity centers, listing on several top-tier centralized exchanges, implementing parallel optimistic execution, and achieving full EVM-compatibility.

This year is marked by the anticipated launch of Nibiru Chain’s flagship dApps such as Nibi-Perps, Nibi-Swap, and NUSD. These releases will mark major milestones in Nibiru Chain’s journey towards a user and developer-centric platform.

About Nibiru Chain

Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, value accrual.

For more information visit: Nibiru.fi

Follow Nibiru Chain on Socials

Discord
Twitter
Telegram
YouTube
GitHub

 

Contact

Media
Nibiru Chain
Media@nibiru.org

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Binance lists Ronin (RON) as Pullix (PLX) eyes beta launch

Binance announced it would list Ronin (RON) on February 5, 2024.
Pullix has revealed major updates, including its registration as an exchange provider.
PLX token presale has reached stage 7, which means Pullix is on track for its beta launch and market debut.

Ronin (RON), the native token of the Web3 gaming platform Ronin Network, is among tokens seeing significant price action today. The increased activity around the cryptocurrency comes as major crypto exchange Binance announced the listing of the RON token.

Elsewhere, investors are fully focused on the upcoming launch of hybrid exchange Pullix (PLX), whose token sale is currently in stage 7 of 8. The latest updates from the Pullix team have the community extremely excited.

Binance announces Ronin (RON) listing

Binance announced on Monday that it will list Ronin (RON) at 13:30 UTC on February 5, 2024. According to the exchange, spot trading pairs available to traders will be RONIN/BTC, RONIN/USDT, RONIN/FDUSD and RONIN/TRY.

Amid this announcement, Ronin price shot to highs of $3.51 across exchanges. Data from CoinGeko shows the EVM-compatible blockchain platform’s native token rose to levels last seen in February 2022. The token was trading about 33% from its all-time high of $4.29 reached in January 2022 at around 10:50 UTC on Monday.

Ronin’s recent surge coupled with today’s announcement has however coincided with an uptick in profit taking from holders. The price is therefore likely to revisit support levels in the $2.50 to $2.00 region – a scenario that will strengthen if RON/USD breaks fails to establish $2.80 as a support level.

Pullix on cusp of major milestone

Pullix is a new hybrid exchange targeting the exponential growth anticipated for the DeFi ecosystem

With its presale seeing astronomical interest that has accelerated in the past few weeks, the project has released an update that has the DeFi community thrilled.

In particular, it’s the announcement that Pullix will soon launch in beta, bringing the best of centralized exchanges like Binance and decentralized exchanges like Uniswap, dYdX to users. When the project hits this milestone, the market will have access to a hybrid exchange infrastructure that offers a solution to one major problem bedeviling the DeFi sector – liquidity.

Pullix will incentivize users to provide liquidity, while the hybrid model will allow for a robust security platform where users remain in control of their assets’ private keys. 

More than that, this exchange offers institutional-grade trading tools and a unique revenue-sharing mechanism that gives 30% of all exchange revenue to users in a daily payout.

Should you buy Pullix (PLX) today?

Ahead of its official beta launch, Pullix has provided key updates. In a post on the official X account, the team revealed Pullix had received offshore regulatory approval.

Also notable is its team’s progress with the trading technology, which puts the project on track for a website upgrade and demo. Developers have also worked on the staking and token burn dashboards, which are ready ahead of PLX presale conclusion. The beta launch will follow, paving the way for Pullix’s entry into the market.

🔊 Major Pullix Updates 🔊

Pull up and listen closely – some BIG progress is unfolding! 👂👂

First and foremost – in massive regulatory news, we are OFFICIALLY approved and licensed offshore! No legal uncertainty – just full steam ahead to launch!!!

Also, we are in the home… pic.twitter.com/hSzsyBzAyu

— Pullix (@Pullixmarkets) February 3, 2024

The launch will see the DeFi ecosystem benefit from a platform that offers institutional-level liquidity, security and tools, including AI based trading and copy trading. It will also open up the PLX token as an investment, with traction aiding upside momentum for PLX.

Pullix has raised over $4.9 million with the PLX token currently priced at $0.1 in the penultimate presale stage. It’s a level that offers what could still be a major opportunity.

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Merlin Chain Secures Funding to Empower “Bitcoin-native” Innovations

New York, United States, February 5th, 2024, Chainwire

Merlin Chain, the native Bitcoin Layer2, announced a round of funding from 24 investors including OKX Ventures, ABCDE, Foresight Ventures and Arkstream Capital.

Merlin Chain offers a native scaling solution that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. It is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1, to Make Bitcoin Fun Again.

Merlin Chain is built by Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest Ordinals assets, going from an inscription cost of $0.15 to an ATH floor price of $34,000, reaching the 3rd largest market cap following BAYC and CryptoPunks.

As a strong believer in Bitcoin for many years, Bitmap Tech, the team behind Merlin Chain, is extremely committed to the development of the Bitcoin ecosystem, and seeks to bring more users and assets to Bitcoin through their work, rather than serving other ecosystems in the name of Bitcoin.

This raise enables the team to continue enriching the ecosystem, and boosting the overall liquidity. So far, Merlin Chain has built a powerful DApp ecosystem, and is planning for further expansion.

Merlin Chain is set to launch its mainnet this week. Following the launch, Merlin Chain plans to host a bunch of staking events and distribute its governance token through a “fair launch”, aiming to reward real users and builders.

About Merlin Chain

Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. Merlin Chain is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chainis is a subsidiary product line of Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.

Users can start following Merlin Chain’s Twitter for more updates.

 

Contact

Jeff
Merlin Chain
bitmap@bitmap.tech

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Bitget Protection Fund Valuation Peaks Over $442M in January

Victoria, Seychelles, February 5th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, released its Protection Fund Valuation Report for January 2024. The report shows the fund achieved its highest-ever average monthly value of over $415 million and reached an all-time-high value of over $ 442 million on January 9, underscoring Bitget’s commitment to user protection.

Bitget’s Protection Fund stands out as a sizable user protection mechanism within the crypto space. Maintaining one of the largest self-insured funds in the industry builds confidence for users by supplying an added layer of security. The fund helps shield crypto assets from threats like hacks, frauds and outsized market movements.

Bitget’s Protection Fund operates independently with a self-funded model, providing agile protection capabilities without external constraints. As the fund is autonomous, it can rapidly deploy resources as needed to cover user assets in the event of security incidents, market volatility, or other coverage events. This independent approach ensures Bitget users have strong protective support that is not dependent on external regulations, policies, or approvals which could introduce inefficiencies or delays in critical situations. The self-funded nature of the Protection Fund represents a considerable strength and security advantage for Bitget’s user community.

To further increase its stability and liquidity against external factors, the fund encompasses a diversified portfolio of high-liquidity cryptocurrencies such as BTC, USDT, and USDC. For the month of January, Bitget’s Protection Fund maintained stable growth as per market movements and BTC price surge, reaching an all-time-high value of over $ 442 million on January 9.

Bitget Protection Fund Valuation Status in January 2024:

Highest value: $442 million (Jan 9)

Lowest value: $393 million (Jan 23)

Average value: $415 million

“Bitget is focused on better serving users and protecting their interests through a robust ecosystem of products and expertise. While security remains a top priority for us, what truly sets us apart is our absolute commitment to user protection. We aim to assure people with their crypto by safeguarding their assets and championing their well-being through every market condition,” said Gracy Chen, Managing Director at Bitget.

Bitget’s commitment to transparency goes beyond the Protection Fund Valuation report. The exchange has consistently offered verifiable Proof of Reserves data, providing users with additional confidence in the security of their assets. Bitget continues to grant users unrestricted access to comprehensive fund information, including publicly available wallet addresses.

For more detailed information, users can visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

 

Contact

Rachel Cheung
media@bitget.com

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