Category: Bitcoin

DWF Labs Invests $10 Million in TokenFi Tokens, Aiming for Dominance in Tokenization Industry

DWF Labs, a pioneering digital asset market maker and Web3 investor, has revealed its intention to inject $10 million into TokenFi tokens, signaling a robust show of support for TokenFi’s aspirations of emerging as a frontrunner in the swiftly expanding tokenization sector.

Projections suggest that the tokenization industry is poised to burgeon to an estimated worth of $16 trillion by 2030.

DWF Labs’ procurement of tokens from the TokenFi treasury mirrors a calculated two-year blueprint devised to bolster TokenFi’s foothold in an arena marked by escalating competition.

At the crux of their strategy lies the integration of cutting-edge technologies such as Artificial Intelligence into TokenFi’s suite of offerings.

Among the forthcoming ventures are endeavors like the TokenFi Generative AI for Non-Fungible Tokens (NFTs) and the TokenFi AI Smart Contract Auditor. These innovative undertakings are anticipated to furnish TokenFi with a competitive edge as the convergence of tokenization and AI technology gains traction, potentially heralding a momentous surge in the cryptocurrency market.

The alliance between TokenFi and DWF Labs was initially forged in 2023 when DWF Labs clinched the pivotal role of being the primary market maker for TokenFi. This recent substantial acquisition of tokens by DWF Labs serves to solidify this partnership, empowering TokenFi to vie for a preeminent position in the dynamic and evolving realm of tokenization.

Floki DAO Initiates $24 Million Token Burn for Enhanced Security

In a strategic move to bolster its security measures, Floki, a decentralized autonomous organization (DAO), has announced the greenlighting of a token burn worth $24 million. The decision, approved by the Floki community through a democratic voting process, will see over 190 billion Floki tokens destroyed, constituting two percent of the total circulating supply.

Scheduled to take place within the next seven days, the token burn aims to achieve two primary objectives:

Enhanced Security

By eliminating a significant portion of its tokens, Floki seeks to reinforce its long-term security posture. This proactive measure also serves to mitigate potential risks associated with security breaches or market volatility resulting from external integrations.

Circulation Control

The burn will ensure that the tokens are permanently removed from circulation, thereby exerting greater control over the supply dynamics.

The Multichain Saga

The tokens earmarked for burning were originally intended for utilization in collaboration with Multichain, a cross-chain bridge service. However, following careful deliberation, Floki opted to withdraw the tokens to a secure, multisignature wallet managed internally.

The subsequent collapse of Multichain validated Floki’s preemptive decision to safeguard its assets. By securely storing the tokens in an internal wallet, the team believes that initiating the burn is the most prudent course of action to prevent any potential misuse in the future.

Strategic Partnership Unveiled: Floki and TokenFi Align Forces with Legends League Cricket Titans the Manipal Tigers and the Bhilwara Kings

In a groundbreaking move set to resonate across the global cricketing landscape, Floki and its counterpart, TokenFi, have announced a strategic alliance with two iconic Legends League Cricket teams: the Manipal Tigers and the Bhilwara Kings.

This strategic marketing partnership represents a concerted effort to unleash the power of the Floki and TokenFi brands on the massive stage of over 700 million cricket enthusiasts worldwide.

As part of a comprehensive marketing campaign, Floki will take center stage as the back-of-shirt sponsor and primary upper-arm sponsor for the Manipal Tigers, while simultaneously, TokenFi will claim a prominent position as the back-of-shirt sponsor and leading upper-arm sponsor for the Bhilwara Kings.

Beyond traditional sponsorship, Floki and TokenFi secure a suite of marketing rights, spanning from assertive social media promotions to exclusive signed merchandise.

The upcoming Legends League Cricket event in India, scheduled between November 18 and December 9, 2023, will serve as the battleground for Floki and TokenFi’s prominence. With Floki featured prominently in the Manipal Tigers’ clash against the Gujarat Giants on November 20, and TokenFi making its debut in the opening match as the Bhilwara Kings face off against the India Capitals, the duo anticipates exposure in a total of 19 matches, captivating a global audience exceeding 700 million.

A novel twist to this collaboration will unfold on November 24th when Floki and TokenFi take the spotlight across opposing teams during the “clash of the tokens” style event, as the Bhilwara Kings challenge the Manipal Tigers.

This strategic marketing move not only propels the Floki and TokenFi brands into the limelight in India and South Asia but also bolsters their global legitimacy.

The Legends League Cricket matches will not only be broadcasted across India, Pakistan, Sri Lanka, and Bangladesh but will also enjoy extensive international coverage on esteemed platforms such as ESPN in the United States, BT Sport in the United Kingdom and Ireland, Kayo in Australia, and Etilsat in the MENA region.

Key Insights into Legends League Cricket:

• Reaches over 700 million cricket fans worldwide, primarily in India and Asia, aligning with the anticipated crypto growth in the region.
• Boasts an average TV rating 300% higher than any other international T20 league.
• Draws 250 million live viewers globally.
• Captivates over 450 million fans with ancillary Legends League Cricket content globally.
• Attracts a robust male audience (91%), predominantly aged 18–34, presenting a perfect demographic for crypto messaging.

Additional Exposure for Floki and TokenFi:

• Inclusion of Floki and TokenFi branding on match uniforms.
• Floki branding displayed on fixed perimeter boards.
• Floki branding showcased on giant screens during matches.
• Strategic social media mentions and integrations across multiple platforms.
• Exclusive usage rights for player images, team logos, and more.

In Conclusion: This strategic marketing move is a monumental step, introducing Floki and TokenFi to a global audience of over 700 million as the crypto market gears up for a bullish trend. It signifies just one of many strategic initiatives aimed at solidifying Floki and TokenFi as the foremost cryptocurrency brands worldwide.

Bitstamp registers in France as a crypto exchange

One of the most sophisticated EU regimes has recognized Binance, Bitpanda, and Société Générale.

According to the regulator’s website, Bitstamp has officially registered with the Financial Markets Authority in France.

It joins Binance, Bitpanda, and Société Générale’s Forge unit in registering under the EU’s most sophisticated crypto regime.

During registration, the company’s management must be competent and reputable, and money laundering regulations must be met.

The Luxembourg-based, London-based, and New York-based Bitstamp has already registered in Spain and Italy. The European crypto sector is currently awaiting the arrival of the EU’s Markets in Crypto Assets regulation, MiCA, which imposes strict reserve and investor information requirements on crypto services, such as wallets and exchanges.

To bridge the transition to MiCA, French lawmakers are proposing to separate client assets and manage conflicts of interest for unregistered companies serving the French market in the wake of the FTX collapse.

LCX, Liechtenstein’s leading blockchain company, has relaunched its crypto currency exchange – the regulated cryptocurrency trading experience to buy, sell and store a variety of digital assets. Originally launched in 2018, the LCX Exchange Revamp is another milestones in LCX’s growth roadmap establishing the foundational framework including its new backbone infrastructure, scalable account wallets and updated user interface.

With the relaunch of LCX Exchange all users now benefit from a fast, reliable and advanced trading experience. The new version of LCX Exchange is built on a scalable infrastructure with a high-performance trading engine. The login and registration process has been simplified to enable faster on-boarding and user growth. Wallets and account security has been improved and comes with faster and automated withdrawals.

And probably the most visible change is the new design. LCX Exchange now includes a fresh new user interface design with additional menu options for easy navigation, a new crypto market page, education content and crypto tutorials.

LCX was established in 2018 and gained eight regulatory registrations by the Financial Market Authority based on the innovative Blockchain Laws Liechtenstein. LCX’s token sale launchpad has become the leading platform to facilitate initially coin offerings – the legal way. LCX is registered as Token Issuer and handles all tech and legal aspect for the initial coin offering. As such LCX became the new hotbed for new crypto gems as these tokens are exclusively listed at LCX Exchange.

LCX grew in popularity in Europe as a secure, trustworthy and regulated crypto exchange. LCX Token is a utility token is listed at Coinbase, Kraken, etc and works as a long-term sustainable incentive mechanism to motivate various stakeholders to participate in the ecosystem. To sign up at LCX Exchange visit exchange.LCX.com

Bitcoin Latinum (LTNM) has announced yet another new partnership. It has linked up with Vast Bank as a custodial currency.

The cryptocurrency’s lead developer, Monsoon Blockchain Corporation, has described the ethos of this new deal as being based on both “deal flow” and “integration”.

Vast Bank, which has been serving customers since the early 80s, has come to the forefront of the crypto revolution in recent times. Just last year, it became the first nationally chartered bank in the USA to allow customers to buy and sell cryptocurrencies alongside a traditional checking account.

Its customers are also able to buy and sell cryptocurrencies from any location within the U.S. using the Vast Bank Crypto Banking mobile app.

Monsoon Blockchain Corporation CEO, Dr. Donald Basile, pointed towards Vast Bank’s commitment to blockchain in a statement detailing the deal.

He said: “We are very excited to announce our latest groundbreaking partnership with the industry leading Vast Bank. Their efforts to bring the promise of blockchain technologies to the banking system will allow consumers access to a greener, faster, and more secure version (cryptocurrency).”

His enthusiasm was echoed by Brad Scrivner, the CEO of Vast Bank., who added: “When our customers asked us why they could not securely buy… cryptocurrencies using their bank accounts, we were driven to develop an end-to-end solution.”

This announcement comes just weeks after it was revealed that the crypto will be listed on ten top-tier public exchanges by the end of the year.

Bitcoin Latinum (LTNM) backers had their support further rectified this week, as the cryptocurrency was successfully launched on DigiFinex.

Launching on DigiFinex, a platform that has a global following and over four million daily users, LTNM saw an opening of over 200 percent in its first hour.

Not only that, but its developers also announced that it will be available on six other exchanges by the end of the year. These exchanges are as follows: HitCTC, FMFW, Changelly, Changelly Pro, Bitmart and XT.com.

Monsoon Blockchain Corporation, who developed the cryptocurrency on behalf of the Bitcoin Latinum Foundation, also discussed the challenge of making this crypto more environmentally friendly than its alternatives.

According to a statement, this is a challenge that has already been conquered: “LTNM is one of the greenest cryptocurrencies in existence, and recently joined the Crypto Climate Accord.”

The reasoning put forward for this was as follows: “Utilizing (an) advanced Proof of Stake (PoS) mechanism, LTNM holders… earn rewards for holding their coins as collateral to stake on the Bitcoin Latinum network. This leads to less electricity consumption. LTNM reduces the energy consumption to only 0.00015 kWh per transaction.”

This asset-backed cryptocurrency is gaining new fans every day.

You are now able to pay for drinks, food and much more, with cryptocurrency.

This is thanks to a new partnership between Bitcoin Latinum and global hospitality players, The h.wood Group.

According to a statement announcing the deal, this partnership includes “cross-promotional marketing initiatives, event sponsorships, endorsements, and the acceptance of Bitcoin Latinum for services, products, and amenities across The h.wood Group’s diversified portfolio of upscale nightlife and restaurant venues.”

The h.wood Group is known for their worldwide portfolio of hotels and upscale nightlife and restaurant venues. Set up by entrepreneurs, John Terzian and Brian Toll, this partnership is viewed as a progressive step by the brand.

Mr Terzian discussed this, stating: “As entrepreneurs, Brian and I have always looked into the future rather than get stuck in old ways. We are constantly watching, learning and adapting. Crypto and blockchain are the future in many ways and we want The h.wood Group to be ahead of the curve. We are excited for this endeavor with Bitcoin Latinum.”

As an enhanced Bitcoin fork, Bitcoin Latinum has already garnered support from companies within the media, entertainment, gaming, and telecommunications industries. It is designed to reduce the cost of a crypto transaction.

The h.wood Group is also accepting Bitcoin and Ethereum tokens for specified services and goods across their group’s portfolio.

Is 2021 the year of the meme coin?

Of course, it is not the year that this type of crypto was first created, but many believe it is the year when these coins hit their stride. For instance, dogecoin has hit the trading headlines more than once over the past 12 months and that’s not just because Elon Musk happened to mention it on a very popular weekly comedy sketch show.

Now, shiba inu (SHIB) seems to be having its moment, with prices of the crypto jumping around 30 percent after Coinbase Pro announced that the crypto will be listed on its platform in just a matter of days.

According to Coinbase Pro, trading will begin on or after 9am Pacific Time (PT) Thursday June 17, if liquidity conditions are met. At the time of writing, it is listed at a price of around $0.0000092 and its market cap is $3.6 billion.

Coinbase Pro also announced that it will be adding both chiliz (CHZ) and the keep network (KEEP). Both CHZ and KEEP saw significant increases in the 24 hours after the announcement. Both CHZ and SHIB will not be available to New York residents.

This announcement comes in the same month that DOGE was listed on the platform. Coinbase Pro recently also added trading support for a number of tokens, including polkadot (DOT), gitcoin (GTC), enzyme token (MLN), amp (AMP), and internet computer (ICP).