Day: April 2, 2024

TRON Foundation and Justin Sun claim SEC lack jurisdiction over foreign defendants

TRON Foundation and Justin Sun lead other co-accused to challenge SEC’s jurisdiction in lawsuit.
The defendants argue SEC lacks authority over foreign conduct and they seek dismissal.
The defendants have filed a motion invoking the major questions doctrine.

The TRON Foundation, led by founder Justin Sun, has filed a motion to dismiss a lawsuit brought by the U.S. Securities and Exchange Commission (SEC).

In the motion, the defendants argue that SEC’s attempt to extend U.S. securities laws to predominantly foreign conduct lacks legal grounds. They emphasize that SEC’s regulatory reach does not extend worldwide, especially concerning activities conducted outside the United States.

The defendants, including TRON Foundation, Tron founder Justin Sun, BitTorrent Foundation, and Rainberry, assert that the SEC’s claims lack merit and should be dismissed.

Despite Rainberry’s California registration, the defendants argue that the SEC’s pursuit of claims lacks fair notice and raises concerns about regulatory overreach. Rainberry, while not contesting the court’s jurisdiction, seeks dismissal on grounds unrelated to jurisdiction, highlighting the lack of specificity in the SEC’s allegations.

Invoking the major questions doctrine

Furthermore, the defendants invoke the major questions doctrine to challenge the SEC’s regulatory authority in the digital asset market. They argue that the SEC’s expansive regulatory actions lack clear congressional authorization, thereby warranting dismissal of the case.

This legal precedent, aimed at curbing government overreach, underscores the defendants’ concerns regarding the SEC’s regulatory overreach and its implications for the global digital asset market.

The motion to dismiss the lawsuit highlights the defendants’ stance against the SEC’s allegations of selling and airdropping unregistered securities, fraud, and market manipulation. The TRON Foundation and Justin Sun maintain that the SEC’s claims fail to demonstrate jurisdiction and raise broader questions about regulatory authority and fair notice in the evolving landscape of digital assets and blockchain technology.

By challenging the SEC’s jurisdiction and regulatory authority, the TRON Foundation and Justin Sun signal a broader debate surrounding the global reach of securities laws and the evolving regulatory framework for digital assets.

With the outcome of the lawsuit poised to impact the regulatory landscape for digital assets, stakeholders await further developments in this high-profile case.

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COTI unveils V2 Whitepaper for enhanced Ethereum confidentiality

COTI Network launches V2 Whitepaper for Ethereum, boosting confidentiality.
The V2 whitepaper unveils innovative features including Garbling Protocol and gcEVM for secure transactions.
COTI token has dropped 7% in spite of this key development.

COTI Network, a leading Layer-2 scaling protocol on Ethereum, has launched its highly anticipated V2 Whitepaper, aiming to revolutionize confidentiality within the Web3 ecosystem.

The move underscores COTI’s commitment to addressing privacy concerns and driving innovation in blockchain technology.

Enhancing confidentiality on Ethereum

The unveiled V2 Whitepaper signals a significant step forward in enhancing confidentiality on the Ethereum blockchain. It introduces groundbreaking features designed to optimize performance while safeguarding user privacy.

One key innovation highlighted in the whitepaper is the implementation of a Garbling Protocol, which offers remarkable improvements in computation speed, storage efficiency, and latency compared to existing solutions. This protocol is poised to revolutionize blockchain encryption, offering up to 1000x faster computation and 250x smaller storage requirements.

Moreover, COTI is introducing gcEVM, an innovative extension of the Ethereum Virtual Machine (EVM) developed by Soda Labs. This extension reinforces blockchain transactions with confidentiality, ensuring secure computations on encrypted data. By integrating gcEVM, COTI aims to uphold data privacy while maintaining efficient functionality within the Ethereum ecosystem.

Addressing privacy challenges in Web3

COTI’s focus on confidentiality comes at a crucial juncture for Web3, where data sharing and user empowerment are central themes. As the Web3.0 ecosystem evolves, navigating the balance between individual privacy and blockchain transparency becomes increasingly complex.

The launch of the V2 Whitepaper underscores COTI’s commitment to addressing these challenges head-on. By prioritizing confidentiality as a core human right, COTI aims to equip the Web3 ecosystem with the tools necessary to safeguard user privacy while promoting innovation and adoption.

COTI token price reaction

Despite the groundbreaking advancements outlined in the V2 Whitepaper, the COTI token has experienced a 7% decline in value amidst broader market fluctuations, currently trading at $0.1643.

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Shiba Inu strikes gold with new exchange, Monero & Rebel Satoshi ($RBLZ) set to follow suit

Shiba Inu, one of the pioneers of meme coins, has recently struck gold with a new exchange listing, signalling a significant milestone for the project. Meanwhile, Monero and Rebel Satoshi ($RBLZ) are poised to capitalize on this momentum, gearing up for potential listings of their own. Let’s delve into the details of these developments and what they mean for the crypto landscape.

Shiba Inu’s triumph

Shiba Inu, the popular meme cryptocurrency, has achieved a significant milestone with its recent listing on a new exchange, marking a pivotal moment for the project.

Gate, a major crypto exchange, has announced plans to broaden the trading capabilities of BONE, a token affiliated with the Shiba Inu ecosystem. This development marks a significant milestone for Shiba Inu as it expands the reach and accessibility of its native tokens. With Gate’s decision to include BONE in its margin trading section and offer it as a borrowable asset, traders now have more avenues to engage with the token. 

This move enhances liquidity and strengthens BONE’s presence within the crypto space. As Gate ranks among the top markets for BONE by trading volume, capturing approximately 10% of the token’s turnover, this listing underscores the growing interest and demand for Shiba Inu tokens.

With Gate’s support, BONE is poised to attract more investors and traders, further solidifying its position as a prominent player in the crypto market. The listing on the new exchange opens up exciting opportunities for traders and investors to engage with the token, further fueling its upward trajectory.

As Shiba Inu strikes gold with this latest exchange listing, it underscores the project’s resilience and relevance in the ever-evolving world of cryptocurrency.

Monero: Privacy champion

While Shiba Inu celebrates its latest triumph, Monero (XMR) has emerged as a significant player, garnering attention for its emphasis on privacy and anonymity.

Launched in 2014, Monero aims to facilitate transactions privately and anonymously, distinguishing itself from other cryptocurrencies like Bitcoin by employing advanced cryptography to obscure senders and recipients.

Monero’s unique privacy features have positioned it as a leading choice for users seeking enhanced privacy and security in their transactions.

By prioritizing privacy and security over ease of use and efficiency, Monero ensures that all users, regardless of their technical proficiency, can engage in transactions without fear of censorship or surveillance. Monero’s commitment to privacy makes it an attractive option for those prioritizing anonymity in their cryptocurrency transactions.

Rebel Satoshi ($RBLZ) rides the wave

Amidst the excitement surrounding Shiba Inu and Monero, Rebel Satoshi ($RBLZ) emerges as another promising player in the crypto space.

With a successful presale and an ongoing presale of $RECQ tokens, Rebel Satoshi is poised to follow in the footsteps of Shiba Inu by securing listings on top exchanges. Supported by a growing community, built on Ethereum, and audited by Source Hat, some analysts are hailing Rebel Satoshi as one of the best memecoins right now.

The upcoming exchange listings, along with features like exclusive rewards and a revolutionary staking hub, underscore its potential for growth in the decentralized finance landscape. As investors seek promising opportunities, Rebel Satoshi’s momentum continues to garner attention in the crypto market.

Rebel Satoshi ecosystem

The Rebel Satoshi ecosystem is designed to unlock fame and offer exclusive rewards to participants. Users can actively engage with the platform through Rebel Artefacts and the Revolutionary Staking Hub while earning rewards.

As the project gains traction and expands its reach, the Rebel Satoshi Arcade $RECQ token presale presents an exciting opportunity for investors to get involved early and benefit from the project’s success.

Seizing investment opportunities

As the crypto market continues to evolve, investors are looking for top cryptocurrency projects and top altcoins with the potential for long-term growth.

Projects like Shiba Inu, Monero, and Rebel Satoshi offer unique value propositions and opportunities for investors to diversify their portfolios and capitalize on emerging trends in the crypto space.

Whether meme coins, privacy-focused tokens, or innovative blockchain projects, the crypto market presents many opportunities for investors willing to explore and seize them.

Wrapping up

With Shiba Inu leading the charge with its latest exchange listing, Monero is eyeing expansion, and Rebel Satoshi ($RBLZ) is poised for significant gains. Hence, the crypto landscape is ripe with potential.

As investors continue to seek out the best cryptocurrency and top altcoins for investment opportunities, projects like Rebel Satoshi and its native token, $RECQ, offer a glimpse into the future of decentralized finance and gaming. As Rebel Satoshi prepares for its listing on major exchanges, a growing number of investors consider Rebel Satoshi a top crypto to buy for potential long-term gains.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

The post Shiba Inu strikes gold with new exchange, Monero & Rebel Satoshi ($RBLZ) set to follow suit appeared first on CoinJournal.

Solana hits plateau as investors turn to Dogecoin rival for the upcoming bull run

TLDR

Solana prices fluctuate with bearish corrections following Bitcoin’s price correction.
Dogecoin is trending as fans speculate on its possible adoption for X payments.
NuggetRush delivers high growth potential with its gamification model.

The volatility in the cryptocurrency market continues to dictate coin prices as Solana (SOL) faces challenges in recapturing its $200 peak. This significant milestone was hit after a 12.6% surge in the token’s price between March 26 and 28 before suffering a downturn due to a market correction and falling to around $186. Investors remain positive that the leading altcoin could revisit its peak as activities on its network continue to rise.

In a bid to find other projects to diversify their portfolios, investors have found NuggetRush (NUGX), an underrated meme coin project that revolutionizes blockchain gameplay, thrusting players into a metaverse with gold-earning opportunities.

This Dogecoin (DOGE) rival is in the spotlight because its utility transcends the internet culture, which is the foundation for most meme coins. This article explores Solana’s price change and NuggetRush’s positioning on the decentralized cryptocurrency list ahead of the bull run.

>> Buy NuggetRush Now <<

NuggetRush (NUGX): High growth potential meme coin

NuggetRush stands out among the top ETH meme coins for combining reward-earning opportunities with impact gaming, supporting artisanal miners in underdeveloped regions with revenue from its platform. This crypto token defies the norms with a unique play-to-earn (P2E) game that thrusts players into a mining metaverse to seek treasures with real-world value hidden in crypts. 

The innovative gameplay is attractive because of its added value and impact on gaming, giving NUGX an edge over other meme coins.

NuggetRush has captivated investors with its impressive presale journey. Selling at a DeFi coin price of 0.019 USDT, this upcoming meme coin has raised over $3.5 million. The project is nearing the end of its final presale stage and has sold about 259 million tokens, with less than 5% remaining until its completion. With its growth potential and community enthusiasm, this project could be positioned to outperform other ETH meme coins

NuggetRush offers a unique experience for gamers and investors. The platform has a staking protocol for NFT holders to stake their digital assets and earn up to 20% APY.

Players who join the exclusive RUSH GUILD VIP club can access discounts and voting rights on the platform. The blockchain ICO is set to list at a DeFi coin price of 0.020 USDT, a 100% increase from its initial cost, a start to its potential rally as the bull run approaches.

>> Buy NuggetRush Now <<

Solana (SOL): Potential peak in sight

Solana has been regarded as the top-performing altcoin since Q4 last year. Activity on its network continues to soar as meme coins and airdrops attract investors to its ecosystem.

Despite these features and the uptrend of its leading meme coins, the platform’s native token, SOL, is in a downtrend, losing about 7% from its $200 peak.

Analysts have attributed the SOL price correction to the Bitcoin (BTC) price movement, stating that the token has succumbed to declining investor confidence, affecting market sentiment after BTC failed to trend above the $71,000 mark—the recent indictment from the US Department of Justice to Kucoin crypto exchange for violating anti-money laundering laws. User volume and activity data show a significant increase for Solana, strengthening the predictions for the token’s resurgence.

Dogecoin (DOGE): Top crypto gainer

DOGE is dominating the crypto market as the token records a massive surge. The token has climbed over 44% in the past week, hitting a new high since December 2021. This uptrend is attributed to bullish investor sentiment rising from speculations of its possible adoption for payment on X, formerly Twitter. 

A Dogecoin engineer posted about implementing crypto payments on the platform as X’s payment branch secures more US licenses, triggering the conversation and demand.

DOGE rose by over 16% in a single day after the post, with its trading volume doubling from $3 billion to over $6 billion as investors clamored to purchase tokens, largely due to FOMO.

This development reflects Dogecoin’s growing popularity as more investors engage. The token’s allure continues to rise, underscoring its bullish trend and cementing its position as the 8th token on the decentralized cryptocurrency list.

Conclusion

Solana has hit a stump, fluctuating around the $186 mark following a market correction. Dogecoin is facing a different narrative as one of the leading gainers in the market with rising bullish sentiment. NuggetRush is well-positioned to emulate its meme coin rival as its presale surges. Investors purchasing this token could be positioning themselves to benefit from its potential growth as the bull run approaches.

Visit NuggetRush Presale Website

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SEC Scores a Win Against Coinbase, Spooking Alt Market; $GFOX Uniswap Debut Could Be Biggest Ever for the DEX

Markets hate regulatory uncertainty more than anything. The SEC scoring a win against Coinbase has spooked the altcoin market. Investors are diving into the memecoin arena on-chain, siphoning liquidity from more traditional altcoins, and this capital flow is accelerating the already red-hot meme mania trend. 

Galaxy Fox’s ($GFOX) Uniswap ($UNI) debut could be the biggest ever for the DEX, according to some analysts, as appetite for memecoin ownership swells and some investors believe this one could have a clear path to a major rally. Could this up-and-comer be the top crypto to invest in this quarter? Time to dive into why $GFOX is flying past all the other best cryptocurrencies to buy currently. 

SEC scores a win against Coinbase, spooking altcoin market

The SEC has won a preliminary victory against Coinbase. This has sent a ripple of fear through markets primarily affecting major altcoins – projects in the top ten cryptocurrencies with large centralized teams such as Cardano ($ADA) and Ripple ($XRP). The judge ruled that the case would have to go to trial, with Coinbase accused of operating as an unregistered broker and exchange. Gensler has not given up the game yet, and while markets reacted negatively to this news, ironically it is incredibly bullish long-term for the digital asset space.

Coinbase is deeply ingrained in the TradFi world, providing custody services for the majority of ETF issuers, and has sufficient funding and a world-class legal team. Gensler has picked the worst possible exchange to battle. But why is this bullish for crypto? The SEC has continually lost in court, with the US legal system repeatedly ruling in favor of the crypto industry. Gensler’s shock tactics of rule-by-enforcement are growing old, and crypto is here to stay. Ignore the FUD; don’t let it shake you out of good positions. 

Will Galaxy Fox ($GFOX) be the biggest ever debut rally on Uniswap?

Galaxy Fox, flagged as one of the best cryptocurrencies to buy by some analysts, is gearing up for a massive retail launch, with some forecasts predicting it could be the biggest-ever debut rally seen on Uniswap. But why is $GFOX flying? Galaxy Fox enjoys a spectacular design and tokenomics model and is going to market in ideal conditions – it’s a blue-chip memecoin launching amid memecoin mania – ie, the perfect storm. 

Its novel approach sees a prototypical memecoin build with an integrated play-to-earn game and ecosystem. The ecosystem includes an NFT marketplace, an NFT collection, and the Stargate hub, where $GFOX holders can stake their tokens. This convenient source of passive income has been driving this early success, and presale funding has already sailed past $5.8 million. In addition to staking rewards, token holders enjoy a deflationary value accrual mechanism, and anybody staking their $GFOX is earning yield on a fully deflationary asset.

The P2E component is an addictive Web3 endless runner game that pays out prizes to the top-ranked players each season. It provides a great onramp into the broader ecosystem and allows anyone to convert gaming skills into cash. NFT holders unlock special in-game skill boosts, and this endless runner has put Galaxy Fox on the radar of GameFi enthusiasts.

All of Galaxy Fox’s economic mechanisms are set to activate at launch. Staking payouts and the token burn will lead to an interesting dynamic of increased demand and dwindling supply- a jet fuel proposition for price. With memecoin mania running blisteringly hot, this coin has the potential to post a 10X rally on its first trading day. Some longer-term price forecasts even predict that this small cap could explode before the end of 2024. 

Memecoins remain some of the best cryptocurrencies to buy, and investors should shrug off the news of the SEC going after Coinbase. Coinbase is best equipped to battle the SEC in the legal system and has wanted to challenge Gary in court for some time now.

All the money creation is happening on-chain, and Galaxy Fox’s Uniswap debut will be no exception. The $GFOX presale is now closed, so get set for the retail debut. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post SEC Scores a Win Against Coinbase, Spooking Alt Market; $GFOX Uniswap Debut Could Be Biggest Ever for the DEX appeared first on CoinJournal.

Nexo leads 35+ crypto giants in push for Bitcoin emoji

Nexo leads 35+ crypto giants in a push for a Bitcoin emoji.
The ‘Bitcoin Deserves an Emoji’ movement gains traction globally.
The movement has surpassed 10,000 endorsements.

In a groundbreaking move, Nexo, alongside over 35 major crypto organizations, is spearheading a campaign to establish a Bitcoin emoji.

This initiative aims to solidify Bitcoin’s cultural and technological significance and has already garnered significant traction within the crypto community.

Push for a Bitcoin emoji gains momentum

The ‘Bitcoin Deserves an Emoji’ movement, backed by industry leaders such as Kraken, Brave, and Polygon, is swiftly gaining momentum.

Within just one week, the petition to the Unicode Consortium amassed over 10,000 endorsements, signalling widespread support for the cause. With the goal set at 50,000 signatures, the initiative highlights the unity and strength of the global crypto community.

The push for a Bitcoin emoji reflects the cryptocurrency’s growing prominence and market dominance. Kosta Kantchev, Co-founder & Executive Chairman of Nexo, emphasized the necessity of a universal symbol for Bitcoin, given its significant impact on the global economy and its ever-expanding user base.

Why are organizations pushing for a Bitcoin emoji?

The initiative marks a significant moment in cryptocurrency history, coinciding with Bitcoin’s new all-time highs and the anticipation surrounding the fourth Bitcoin halving.

With over 170 million community members worldwide represented by the participating crypto organizations, the campaign underscores the collective effort to cement the legacy of Bitcoin in the digital landscape.

The quest for a Bitcoin emoji parallels previous endeavours by mainstream brands like Taco Bell and Tinder, demonstrating the crypto community’s commitment to advocacy and innovation. By leveraging social-economic advocacy, the ‘Bitcoin Deserves an Emoji’ movement aims to overcome the absence of a dedicated Bitcoin symbol on digital platforms.

Nexo, recognized as the world’s leading digital assets institution, is at the forefront of driving crypto innovation and through initiatives like Nexo Ventures and the ‘Bitcoin Deserves an Emoji’ campaign, Nexo continues to push boundaries and shape the future of finance.

The post Nexo leads 35+ crypto giants in push for Bitcoin emoji appeared first on CoinJournal.

Bitget Announces Listing of Wormhole (W): Pioneering Cross-Chain Interoperability

Victoria, Seychelles, April 2nd, 2024, Chainwire

Bitget, a leading cryptocurrency exchange and web3 company, is proud to introduce its latest listing: Wormhole (W). Wormhole is a groundbreaking network that revolutionizes cross-chain interoperability, enabling seamless communication and data transfer between high-value blockchains.

The Wormhole Network operates as a generic message-passing protocol, connecting diverse ecosystems and facilitating the exchange of various data types, including tokens, NFTs, oracle data, and governance decisions. With the backing of 19 guardians, Wormhole ensures the security and reliability of cross-chain transactions, empowering developers to explore new possibilities in decentralized finance (DeFi) and beyond.

Wormhole opens the door to a myriad of innovative applications, transforming the way we interact with blockchain technology. Here are just a few examples of its potential use cases:

Cross-Chain Exchange: Developers can leverage Wormhole Connect to create decentralized exchanges that accept deposits from any Wormhole-connected chain, significantly enhancing liquidity for users.
Cross-Chain Governance: Groups spanning multiple blockchain networks can use Wormhole to facilitate combined governance decisions, allowing holders to vote on proposals across disparate chains and synchronize their actions on a designated “voting” chain.
Cross-Chain Gaming: Gaming platforms can harness the power of Wormhole to build interactive experiences that span multiple networks. For example, a game could be hosted on a high-performance network like Solana, with rewards issued as NFTs on a different blockchain, such as Ethereum.

Gracy Chen, Managing Director of Bitget, expressed, “At Bitget, we are committed to supporting projects that push the boundaries of blockchain technology. Wormhole’s innovative approach to cross-chain interoperability opens up a world of possibilities for developers and users alike. We believe that Wormhole will play a pivotal role in shaping the future of decentralized finance, and we are thrilled to be part of this journey.”

Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, the platfrom is now one of the top 10 crypto spot trading platforms with over 700 coins and 800 pairs, including BTC, ETH, SOL and more. Throughout 2023, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 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

PR Team
media@bitget.com

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Avail Partners With dWallet Network To Introduce Native Bitcoin Rollups to Web3

Dubai, United Arab Emirates, April 2nd, 2024, Chainwire

Following the integration, users will be able to natively manage their BTC on any rollup in the Avail ecosystem without relinquishing control over their digital assets

Avail, a modular blockchain solution designed to unify Web3 and optimize data availability (DA) for highly scalable and customizable applications, has partnered with dWallet Network, a pioneering non-collusive, decentralized multi-chain layer, to bring programmable native Bitcoin to rollups in the Avail ecosystem.

Leveraging the newly unveiled dWallet primitive, smart contracts using rollups built on Avail DA will be able to programmatically manage native BTC for the first time while preserving user ownership. This marks a paradigm shift from emerging Bitcoin L2 solutions that predominantly rely on collusive and often risky cross-chain solutions, such as bridges, where the user must sacrifice ownership of their BTC.

“Allowing BTC to be used programmatically on other blockchains via a trust-minimized approach is a clever approach to increasing BTC adoption.” said Anurag Arjun, co-founder Avail. “Together with dWallet, we can enable Layer-2 chains or rollups on top of the Bitcoin network. Bitcoin represents a superb base layer from the DA perspective, with the highest security available in the ecosystem. As a result, the dWallet integration will enable users to leverage arbitrary execution and logic to secure their BTC via a decentralized multiparty computation (MPC) solution.”

In essence, the collaboration aims to harness dWallet’s MPC infrastructure to enhance Bitcoin’s capabilities by enabling the creation of native bitcoin rollups — ushering in more efficient and secure transactions and operations on the Bitcoin blockchain and supporting a wider range of functionalities beyond simple transactions.

The integration with the dWallet Network, coupled with the ability to control dWallets from a smart contract on any Avail rollup, was made possible through Avail Nexus, a zero-knowledge coordination rollup embedding validity-proof based light clients and execution proof aggregation. This pivotal move towards the unification of Web3 will also enable developers to power Avail Fusion’s borrowed security from native assets of the most mature ecosystems, including BTC, ETH, and others.

Furthermore, the dWallet Network integration will facilitate the Fusion Security model when it goes live, empowering users to securely hold their BTC, ETH, or other assets in dWallets and stake them to bolster the safety of the Avail ecosystem, all while maintaining ownership of their native assets. This introduces the first native multi-chain staking/restaking solution aimed at securing the consensus of a different blockchain.

To implement the dWallet primitive, the dWallet Network utilizes 2PC-MPC, the state-of-the-art protocol invented by its team. This industry-first multiparty protocol enables the generation of an ECDSA signature in a non-collusive way, requiring participation from both the end-user and a significant number of nodes, the number of which could potentially reach hundreds or thousands.

dWallet technology allows a Solidity smart contract on an Avail rollup to create Bitcoin signatures and enables developers to manage a dWallet. Meanwhile, the dWallet Network mandates approval from the Avail rollup smart contract for logic enforcement, requiring users to finalize the signature to prevent collusion and asset theft. Whether for Web3 applications in custody, DeFi, DAOs, gaming, or other domains, any protocol on an Avail rollup can leverage dWallets for enhanced functionality and secure interoperability.

“We are excited to team up with Avail because our visions of a unified Web3 have so much in common, with both companies striving to bring countless disparate ecosystems together,” noted Omer Sadika, co-founder of dWallet Network. “We firmly believe that the future of Web3 is multi-chain, not cross-chain, and together with Avail, we will continue to work tirelessly on making this vision a reality.”

This latest integration aligns perfectly with Avail’s mission to unify Web3, for which it’s already employing a comprehensive full-stack architecture that comprises three innovative solutions — DA, Nexus, and Fusion Security — to help usher in the rollup future and solve the growing scalability pains of the blockchain industry.

Avail DA stands as the initial cornerstone element of the Avail trinity, offering expansive blobspace for rollup developers and serving as a foundational layer for a diverse and vibrant ecosystem of rollups. Avail Nexus, aimed at unifying the ecosystem beyond the blockchains built atop Avail’s DA layer, employs Avail DA as the trust anchor for ecosystem-wide coordination.

Lastly, Fusion Security will offer additional protection to an expanding network of rollups and blockchains, thus enhancing Avail’s consensus mechanism. Supercharging the Avail trinity with dWallets accelerates the unification of Web3, addresses issues of fragmentation, and paves the way for a completely integrated, secure, and native experience across all Web3 ecosystems.

About Dwallet Network

dWallet Network is the home of dWallets – programmable and transferable signing mechanisms that live on-chain. dWallet Network empowers builders on L1s and L2s to utilize dWallets as a building block for managing assets & enforcing logic across all of Web3 in a decentralized and noncollusive way.

For more information, users can visit: https://dwallet.io/

About Avail

Avail is building a unification layer to solve rollup fragmentation and scalability. Avail addresses this from first principles with its three phase roadmap, the Avail Trinity. Starting with Avail DA, the validity proven data availability layer that scales with demand, followed by Nexus for permissionless unification, and Fusion for shared security. Blockchain and rollup developers can submit transaction data to Avail DA today and inherit the security and benefits of Avail’s KZG commitments and light clients with data availability sampling. Start building today, because the unification of web3 is coming!

For more information, users can visit: https://www.availproject.org/

 

Contact

Siva Sagiraju
Marketing lead
dWallet Network
siva@dwalletlabs.com

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Jupiter and Degen prices surge as new meme coin’s innovations shake the market

Jupiter (JUP) and Degen (DEGEN) experience significant price swings.
Kangamoon revolutionizes crypto with innovative SocialFi and Play To Earn features.
Kangamoon’s presale sees huge success, raising over $3.9 million with $KANG token selling at $0.0196.

Jupiter (JUP) and Degen (DEGEN) cryptocurrencies are pulling back after witnessing significant price movements.

However, as investors anticipate the next moves for JUP and DEGEN tokens, innovations like Kangamoon are reshaping the landscape attracting the attention of traders and investors alike.

Jupiter (JUP) tests $1.83 before pulling back

Jupiter (JUP) has been on a rollercoaster ride in recent days, experiencing both highs and lows.  

After reaching an all-time high of $1.8363 on April 1, the price has corrected slightly. It has dropped by about 12% today sending shockwaves among traders.

Nevertheless, despite today’s price drop, Jupiter (JUP) remains up 160% in the past month.

The surge above $1.83 was fueled by the initiation of CWG’s budget proposal, currently in the voting process.

Vote on CWG’s Budget Proposal

The vote to fund the first Jupiter Working Group is live! This vote is crucial in setting a precedent to fund working groups to drive the DAO’s initiatives forward.

The CWG has spent a week in community discussions, and has presented their 2024… pic.twitter.com/jYk8XAU9JZ

— Jupiter 🪐 (@JupiterExchange) March 29, 2024

Analysts predict further bullish momentum, with projections suggesting another 12% increase to $2.00.

However, caution is advised as the RSI indicator indicates potential overbought conditions, which could lead to a price correction.

Degen price remains volatile as it pulls back

Degen (DEGEN) has experienced remarkable growth, shooting up to $0.0644 on March 31, before retracing slightly.

Despite a recent 15.87% drop, Degen is still up 158.88% over the past month.

The recent surge in price followed the launch of the Degen Chain network, which recorded $100 million in transactions within five days of its launch.

The chain launched 4 days ago

It uses @arbitrum‘s Orbit architecture, AnyTrust’s DA capabilities and settles on top of @base, which itself uses the @Optimism stack. The fees are paid by the native coin, $DEGEN, which is de-facto the @farcaster_xyz community token

Confusing eh.

— Shual (@0xShual) March 31, 2024

Ethereum co-founder Vitalik Buterin’s proposal of “Degen Communism” has also generated significant interest in the project.

Analysts predict continued bullish sentiment for Degen, with the potential for further price appreciation.

Kangamoon: revolutionizing the crypto landscape

As Jupiter (JUP) and Degen see increased volatility, Kangamoon is making waves with its innovative approach to cryptocurrency.

Combining elements of SocialFi and Play To Earn, Kangamoon offers users the opportunity to interact, grow, and earn rewards.

At the heart of Kangamoon is its native token, $KANG, an ERC-20 token on the Ethereum blockchain with a max supply of 1,000,000,000. The token is currently in the presale stage and interested investors can visit the official website to purchase their share.

The platform aims to build a strong community of meme enthusiasts while integrating gaming and earning opportunities.

The Kangamoon presale

The Kangamoon presale has seen remarkable success, with the platform raising over $3.9 million.

The KANG token is selling at $0.0196, offering investors an opportunity to get in early and benefit from potential future growth.

With Stage 5 offering a 10% bonus on all purchases, the presale has attracted significant interest from investors looking to capitalize on Kangamoon’s promising future.

Conclusion

The cryptocurrency market is experiencing significant volatility, with assets like Jupiter (JUP) and Degen (DEGEN) witnessing dramatic price movements.

Meanwhile, Kangamoon’s innovative approach is disrupting the industry, offering users new ways to engage with cryptocurrencies and earn rewards.

As the market continues to evolve, investors are advised to stay informed and exercise caution in their investment decisions.

The post Jupiter and Degen prices surge as new meme coin’s innovations shake the market appeared first on CoinJournal.

Sensay Secures $3 Million in Groundbreaking Public Sale, Outshining Competitors with Launch of $SNSY Token

London, United Kingdom, April 2nd, 2024, Chainwire

Sensay, the builders of on-chain digital immortality, celebrates a major triumph, having raised over $3 million in a successful public sale. This financial milestone, marks the launch of the $SNSY token, cementing bootstrapped Sensay as a leader in the digital identity sector, outpacing seed-funded competitors yet to launch products.

Innovating Digital Legacy

Sensay’s advanced platform for creating authorized AI replicas unlocks new realms of intellectual capital creation and distribution. With the $SNSY token, Sensay provides a decentralized infrastructure that revolutionizes the way digital identities are managed and monetized, promising a future where digital replicas continue to add value indefinitely.

The swift completion of the public sale, with tokens selling out in record time, demonstrates market confidence in Sensay’s vision and technology.

Dan Thomson, Sensay’s CEO, stated, “This achievement is a significant milestone for us, surpassing industry benchmarks and setting a new standard in digital identity monetization. Our technology’s potential to transform the digital legacy landscape is now more evident than ever.”

Traction and Strategic Partnerships

Sensay boasts over 25,000 monthly active users and a vibrant community exceeding 50,000 members. Recognition as a TedAI Hackathon finalist and a top-three finish on Product Hunt, endorsed by the Oxford AI Society, showcases Sensay’s impact and innovation. Strategic partnerships with Fetch AI, SingularityNET, Banyan (Filecoin), AIOZ, SolvCare, and LayerZero further amplify Sensay’s technological edge and market reach.

Future Growth

The SNSY Token is due to be listed on leading Centralised Exchanges as well as Uniswap Decentralised Exchange on the 2nd April 2024. The team is proud of the fact that the Sensay public sale has attracted attention from influential individuals, investors, and industry partners.

The proceeds from the public sale will fuel continued innovation and expansion. Sensay invites individuals and businesses to explore the $SNSY token’s potential and engage with its growing eecosystem. Users can visit https://snsy.ai for more information and join the digital legacy revolution.

About Sensay

Sensay creates lifelike AI digital replicas, offering everyone limitless potential in a digital age. These on-chain verified autonomous digital twins empower users to retain ownership and monetize this powerful technology. Starting with replicas for dementia patients and their families, the technology has an immediate social impact. Beyond this, the use cases for digital twins are endless.

Users are welcome to converse with a digital replica of our founder, Dan Thomson, at: sensay.io/replicas/dan

For more information:

Website
Deck
Tokenomics
Twitter
Telegram
Discord

 

Contact

CEO
Dan Thomson
Sensay
dan@sensay.io

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