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Crossword Cybersecurity expands European reach in deal with TD Synnex

Crossword Cybersecurity PLC

Crossword Cybersecurity PLC (AIM:CCS) chief financial officer Mary Dowd joined Proactive's Stephen Gunnion with details of a partnership agreement with NYSE-listed TD Synnex. Dowd explained that TD Synnex is a global powerhouse with a $57 billion annual turnover, operating in over 100 countries, and employing 23,000 staff. The collaboration positions Crossword's threat intelligence platform, Trillion, as a unique addition to TD Synnex's European reseller portfolio. Trillion, a pioneering data mining platform, identifies risks by mining data from the dark web for stolen credentials, addressing a significant cybersecurity challenge. The partnership extends beyond sales, including onboarding and support services, highlighting Crossword's commitment to leveraging TD Synnex's extensive network to enhance cybersecurity defences for organisations of all sizes. She said the non-exclusive deal underscores Crossword's ambition for further partnerships, aiming to expand Trillion's reach and impact in the cybersecurity landscape. ‌ Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 20, 2024 07:56 AM Eastern Standard Time

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Fintech platform Xalts to build “Plaid for trade” as it acquires Contour Network from consortium of global banks

Xalts

Accel and Citi Ventures-backed fintech Xalts, which is used by financial institutions and businesses to build and manage digital finance applications, has today announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitisation in trade and supply chain finance. Contour started in 2017 as a pilot by eight global banks including HSBC, Standard Chartered and BNP with a focus to digitize trade. Currently, over 22 banks and 100+ global businesses like Tata Group and Rio Tinto use Contour for digital trade finance solutions. Xalts, which is used by institutions to build multi-party applications for digitisation and tokenization, plans to leverage Contour’s industry standard workflows and integrations to facilitate communication and transactions between businesses and financial institutions in the network. In 2023, global trade reached over $30 trillion. However, according to QED Investors, the digitization of global trade remains relatively minuscule, with less than 1% currently conducted digitally. Due to the complexities and different regulations involved in cross-border trade, a single transaction may require up to 50 sheets of paper that are exchanged with up to 30 different stakeholders including importers, exporters, banks, logistics companies and customs. As global trade goes from strength to strength and traditional supply chains reorganize, Xalts is taking inspiration from Silicon Valley startups like Plaid and Stripe to accelerate digitisation in trade & supply chain finance. Ashutosh Goel, CEO of Xalts commented: “We want to create a Plaid for Trade. Our vision is to expand the scope of Contour’s network which is trusted by banks and corporates, and build it into a rail that enables businesses to access digital solutions for trade and supply chain finance offered by banks, fintechs and technology partners. Combining our platform with Contour’s Network will allow participants to develop and deploy customized solutions quickly”. The initial focus for Xalts will be on embedded solutions for trade and supply chain finance. These will enable banks, logistics companies and technology companies to offer integrated solutions to businesses, using a single platform. Many global and regional banks have been making a push for deeper integrations with their clients and global platforms. In 2023, HSBC had announced a JV with Tradeshift to create embedded finance applications. “Our platform also enables institutions to build new innovative applications and products by leveraging blockchain and tokenization. We partner with leading blockchains and integrate with multiple infrastructure providers to help our clients build tokenization applications.” said Supreet Kaur, COO of Xalts. “Contour will also enable network members to work with us to launch applications in this space”. Xalts was founded in 2022 by Ashutosh Goel and Supreet Kaur, former senior executives at HSBC and Meta. Currently with a team of over 50 across offices in Singapore, Hong Kong, India, UAE and UK, Xalts counts large financial institutions, regulatory bodies and technology companies as its clients. Abhinav Chaturvedi, Partner, Accel added: “Accel has backed innovative companies globally in this space. Xalts has demonstrated that they have the right vision and a team that can execute at a global scale very quickly.” “Citi has long been a leader in driving innovation in financial services. We invested in Contour in 2020 and led the seed round for Xalts in 2022. The combination of these two companies into one firm with an expanded vision and a great leadership team will accelerate innovation in global trade finance.”, said Everett Leonidas, Director, Citi Ventures. Carl Wegner, who was the CEO of Contour Network prior to this acquisition is expected to take a senior leadership role at Xalts. “I am really proud of what Contour has been able to accomplish in such a short time. The vision that Xalts has for Contour’s future turbocharges its strengths and addresses key client needs.” About Xalts Xalts was founded in 2022 by former HSBC and Meta executives, Ashutosh Goel and Supreet Kaur, and are backed by Accel and Citi Ventures. The company has offices in Singapore, Hong Kong, India, UAE and UK. To learn more about Xalts, visit https://xalts.io/ Contact Details Xalts Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.xalts.io/

February 20, 2024 02:48 AM Eastern Standard Time

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How High Can Bitcoin (BTC) Go This Year? Pullix (PLX) Completes Development of Trading Platform Ahead of Token Launch

Pullix.io

As Bitcoin (BTC) surges through the $50,000 level, the community speculates how high the cryptocurrency can go this year. But the prospect of a new ATH isn't the only exciting news in the crypto world — Pullix (PLX) has just completed the development of its highly anticipated trading platform, setting the stage for its upcoming token launch. Let's dive into both topics and explore what they mean for the future of crypto. $50,000 Breakthrough: Analyzing Bitcoin's Momentum Bitcoin has rallied from the 2023 lows of under $15,000 to over $52,000 today as investor confidence soars. Such a dramatic climb has many wondering if Bitcoin can continue its ascent and break new records in 2024. It's worth pointing out that a 33% gain from today's price would push it over an all-time high of around $69,000. With a 15.30% in the last week alone, many experts believe Bitcoin could easily surpass these levels in the coming months. The Bitcoin surge in the last year can be attributed to the SEC's approval of a Bitcoin ETF, with roughly $250 million daily inflows into the fund. Such significant demand, combined with the limited supply of Bitcoin, is driving prices higher weekly. While the ETFs are incredibly bullish, other factors favor Bitcoin's long-term growth. For instance, the upcoming Bitcoin halving in 2024 is set to reduce the miner reward from 6.25 BTC to 3.125 BTC per block, which would further decrease the coin's supply. Moreover, Bitcoin is being increasingly viewed as a hedge against inflation and an alternative to traditional assets like gold. Larry Fink, CEO of BlackRock, recently stated that " Bitcoin is digitizing gold " and sees cryptocurrencies as a hedge against the devaluation of FIAT currency. With all of these bullish indicators, many experts predict that Bitcoin could reach anywhere between $100,000 ($2T market cap) to $300,000 this year ($6T market cap). Gold has a market cap of $13.50T, so if Bitcoin were to surpass $300,000, its market cap would be less than 1/4 of gold's. Pullix (PLX)'s Hybrid Exchange Model Pullix's platform is designed to bridge the gap between decentralized and centralized trading. It offers a hybrid exchange model that promises enhanced liquidity, superior security measures, and a user-friendly experience that doesn't compromise the autonomy of decentralized trading. One of Pullix's standout features is its non-custodial approach, ensuring that users retain control over their private keys and, by extension, their assets. There's also KYC-free trading, meaning users can start trading immediately without a lengthy verification process. Another benefit to using Pullix is the huge array of assets available for trading. While Binance and Coinbase offer cryptocurrencies, Pullix offers forex, stocks, ETFs, commodities, and more. This variety of options makes Pullix an all-in-one trading platform for beginners and experienced traders. The PLX Token Presale Opportunity The PLX token is set to redefine the utility of exchange tokens by offering "Trade-to-Earn" rewards, governance participation, and a share in the platform's revenue. This innovative approach incentivizes trading activity and aligns users' interests with the platform's success. The completion of Pullix's platform development comes at a crucial time when the crypto market is ripe with speculation about Bitcoin's potential highs this year. As new investors arrive in the market, Pullix's hybrid exchange model stands out above traditional centralized exchanges and decentralized protocols. The ongoing PLX token presale offers early adopters the opportunity to secure discounted tokens at just $0.14 before they are listed on exchanges. With a live platform demonstration available to the public, two trading licenses obtained and listings on both Bitmart and Uniswap, Pullix has the potential to become the next 100x token in 2024. For more information regarding Pullix’s presale see links below: Visit Pullix Join The Pullix Communities Pullix is a new DeFi protocol that is launching a hybrid exchange that will seamlessly blend the strengths of centralized and decentralized exchanges into one unified platform. Serving as the pioneer of “Trade-to-Earn” our native token $PLX empowers the community to earn a portion of the daily revenues generated by the exchange. Contact Details Pullix Pr Team contact@pullix.io Company Website https://pullix.io/

February 19, 2024 10:00 AM Central Standard Time

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Buy Signals Emerge for Bitcoin (BTC) and Ethereum (ETH), As KangaMoon (KANG) Accumulation Continues

Kangamoon

Ethereum (ETH) has formed a large ascending channel over the past year and has recently retested the higher boundary of the channel. This can result in a more significant upswing, assuming it manages to break above a significant price barrier. Bitcoin (BTC) could soon experience a major upswing as well based on the latest on-chart metrics. KangaMoon ( KANG ) is a memecoin currently in its blockchain ICO period that has captured significant buying attention from traders and investors. KangaMoon (KANG) Hottest Memecoin in 2024 KangaMoon (KANG) is an upcoming DeFi project whose main goal is to establish a community for meme enthusiasts. Through its ecosystem, players will be able to engage in fun-filled activities and access competitions to earn rewards and win prizes. Every challenge provides users with the opportunity to earn, and as they rack up victories, they can win prizes and earn rewards. KANG holders will not need to wait until the launch of the project to begin earning KANG tokens and win prizes. Moreover, the holders can take advantage of a unique Social-Fi model, through which they can get extra tokens just by competing in weekly, monthly, and quarterly challenges and special giveaways. Those who are not interested in participating in battles can also spectate and bet on the outcome of the battles, and they will be able to win prizes. Alongside thrilling gameplay, KangaMoon will offer other opportunities for earning and will feature a dedicated marketplace. Bitcoin (BTC) Climbed 84.5% YTD – Price to Move Above $72K in 2024 Bitcoin (BTC) could soon experience a price increase based on its recent price performance, The cryptocurrency is up 84.5% year-to-date (YTD), and a thorough examination of the chart reveals that the temporary halt in the Bitcoin price performance could result in a pivotal support range, indicated by the middle boundary of the ascending channel in the crucial 200-day moving average. This support prompted an uptick in the Bitcoin crypto demand, which can lead to an uptrend retracement. With the strength of this support range and the possible presence of substantial demand, it is anticipated to act as a catalyst for buyers in the long term. According to the Bitcoin price prediction, it can end 2024 at $72,814.39. Ethereum (ETH) Finds Support at $2,300 – How Far Can It Go? Ethereum (ETH) is now experiencing a major point of volatility as its market capitalization could be in a declining period soon. Yet, it has seen a total climb of 45.2% in the past year, showcasing that the Ethereum price has the potential for further growth. According to the altcoin’s on-chart metrics, the crypto managed to climb from $2,186.24 to a maximum value of $2,379.82. Additionally, the Ethereum crypto is just 52.6% under its all-time high point, indicating that it has the potential to recover even in the short term. According to the Ethereum price prediction, it can reach $3,694.71 by the end of 2024. Summary Bitcoin is the largest cryptocurrency by market cap and if it surges in value, this can result in an overall spike across the broader industry. Ethereum is also recovering well, and while it did stagnate at its support line, there is potential for growth. Yet, all of the attention is heading towards KangaMoon, as the project just started Stage 22 of its presale. Here, it trades at just $0.0075. However, at launch, analysts project a price increase of 100x, making it the hottest memecoin to get into in 2024. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1: No Financial Advice: The whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2: Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3: Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4: Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

February 19, 2024 09:00 AM Central Standard Time

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Price Rally for Cardano (ADA) and Uniswap (UNI) Signals the Start of Alt Season, Everlodge (ELDG) Prepares for Tier-1 Listing

Everlodge

Several tokens in the crypto market are experiencing bullish sentiments, which experts believe could be the start of the alt season. Some of these tokens on a rally include Cardano (ADA) and Uniswap (UNI). Meanwhile, following the end of the Everlodge (ELDG) presale, the token has been listed on Uniswap and looking forward to listing on other tier-1 exchanges. Its surging momentum has put it on the investor's list of top cryptos to invest in 2024. Everlodge (ELDG) Continues its High Sales Despite Conclusion of its Presale Phase Everlodge (ELDG) has continued to see a significant uptrend in the number of investors buying the token on Uniswap. As a result, the Everlodge project is looking to expand its reach by listing on other mainstream tier-1 exchanges in the coming months. Meanwhile, the increased buying by investors is tied to ELDG's massive potential for growth. Having already generated up to 190% ROI for early investors, ELDG is on course to oversee over 350% growth within the year. This makes ELDG one of the top cryptos to invest in 2024. For context, Everlodge is a platform that's looking to positively change the way individuals invest in real estate assets by making them affordable, secure, and profitable. To achieve this, Everlodge has created fractionalized NFTs, which are backed by multimillion-dollar real-world property assets from across the globe. As such, investors who buy these cheap fractionalized NFTs will co-own parts of luxury properties and benefit from the revenue that the properties will generate. With as little as $100, investors can purchase the NFTs that represent these properties. With this investment model, individuals will not need exponential capital before they can invest in real estate. As the value of these properties increases so will the NFT values increase. Meanwhile, the ELDG native token of the Everlodge ecosystem has been making waves in the market, having just concluded its presale phase. With its massive growth potential, investors are buying more ELDG to position for the potential price gains coming soon. At the price of only $0.022, ELDG represents one of the top cryptos to buy now for massive gains in 2024. Positive Price Trajectory for Cardano (ADA) Despite Dwindling Trading Volume Cardano (ADA) is on another round of bullish rallies, having witnessed a retracement in January. While the token has been on a rally in the past week, the Cardano trading volume has been on a negative growth in the same timeframe. For context, the price data from CoinMarketCap shows that Cardano has gained up to 10% within the last week. Meanwhile, the trading volume has been on a 30% decline on a day-to-day average since last week. While the declining market activity is a factor that might impede the growth of Cardano, experts believe the bullish momentum of the token will persist for the time being. As such, experts are predicting a 50% ROI from Cardano tokens before the end of Q2 of 2024. Will Uniswap's (UNI) Current Bullish Sentiment Propel it Above the Resistance Level? The price value of Uniswap (UNI) has been on a significant uptrend trajectory since the start of February. According to the market stats, Uniswap has gained over 16% in price value within the last week. This puts the token on the verge of matching its year-to-date price peak of $7.8, which it attained on December 29th, 2023. Meanwhile, the Uniswap trading volume has been on a decline in the past 7 days, thereby arousing fears of a potential bear trend for the token. Nonetheless, experts believe it is only a matter of time before the Uniswap token surpasses the $8 resistance level. For more information about Everlodge (ELDG) please visit their website. Everlodge provides you with a seamless approach to fractional investing in vacation rentals, eliminating the complexities associated with traditional real estate investment. Our innovative platform revolutionizes the way people invest in second homes. Disclaimer: Digital currencies may be unregulated in your jurisdiction. The value of digital currencies may go down as well as up. Profits may be subject to capital gains or other taxes applicable in your jurisdiction. Contact Details Brett admin@everlodge.io Company Website https://everlodge.io/

February 19, 2024 09:00 AM Central Standard Time

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Mask Network and its Bonfire Union funds hits $100 million milestone to further support decentralized social protocols

Mask Network

Mask Network(Mask), the leading decentralized social network protocol, has announced it will launch the second fund of its venture arm, the Bonfire Union, marking a total of US$100 million for two funds since its establishment in 2022. The goal of Bonfire Union’s is to strategically invest in decentralized social networks and infrastructure. To date, more than 120 projects have joined the Mask Network ecosystem under the banner of Bonfire Union, including some of the fastest growing Web3 projects such as RSS3, Lens, and Scroll. “Mask Network has been actively contributing to and supporting the decentralized social network community through a series of grants and donations,” says Suji Yan, the founder of Mask Network. “With the new fund, more initiatives can get our support.” Founded in 2017, Mask aims to build a user-friendly bridge from Web 2.0 to Web 3.0 decentralized apps. It has grown into a Web3 social conglomerate investing and building decentralized social apps, developer tools, protocols, and creative content to empower more people joining the Web3 world. The Mask team runs the largest collection of Mastodon instances, with more than two million users. In November 2023, Mask Network’s affiliate Sujitech LLC donated US$100,000 to Mastodon, the largest single donation that the non-profit decentralized social media platform has received to date, according to Mastodon CFO Felix Hlatky. Mask has launched 3 rounds of the Web3 Social Ecosystem Grant since 2021, supporting about 100 projects with excellent Web3 innovations. In December 2023, Mask established a non-profit entity, Mask Network Academy, which provides financial and technological support to the world's top universities and journalism programs, with the goal of promoting Web3 research and story-telling. Furthermore, Mask Network and its social aggregator app, Mask X -Firefly App (Firefly), have jointly launched a US$10 million builder initiative dedicated to further accelerating the development of all decentralized social protocols through subsidy. Mask launched Firefly as a social aggregator app for Web3 natives. In April 2023, Mask made its first significant acquisition with the team behind RARA, a social curation protocol for NFTs. “Mask is one of the few teams who are thinking about how big Web3 can really be, “said Lawson Bae, Founder of RARA and Head of Growth at Firefly. “The time is ripe for more talented and dedicated innovators to come together and build Decentralized Social for the future,” says Suji Yan, the founder of Mask Network. With the newly established US$10 million Decentralized Social Initiative, Mask Network and Firefly are calling for decentralized social protocols and builders worldwide to join the cause of building a truly free and open Internet. About Mask Network Mask Network is a leader in the vibrant decentralized social network ecosystem. In 2019, Mask extension started supporting Twitter users with secure, decentralized social messaging, payment networks, file storage and sharing upon the current mainstream social media networks. With its venture arm, Mask strategically invests in decentralized social networks, infrastructure, and creative contents with the goal of making Web3 more accessible to all. Learn more at mask.io. Media inquiry: media@mask.io Contact Details Media Contact media@mask.io Company Website https://mask.io/

February 19, 2024 09:00 AM Eastern Standard Time

Standard Chartered: Ethereum (ETH) Could Hit $4,000 By May – All Eyes on Dogecoin (DOGE) and KangaMoon (KANG)

Kangamoon

Following the approval of spot Bitcoin ETFs, all attention turned to Ethereum (ETH). With the first spot ETFs for ETH expected by May 2024, Standard Chartered has predicted that the altcoin price could surge above $4,000. In other developments, Dogecoin (DOGE) has captured attention, with its network hitting a new milestone. Meanwhile, KangaMoon ( KANG ) is fast becoming the preferred meme coin in the crypto community thanks to its community-driven approach. Read on to find out more. Ethereum (ETH) To Hit $4,000 in May – Standard Chartered As the leading altcoin, a spot ETF for Ethereum (ETH) was expected to follow after Bitcoin got it. However, not many expected it to come just months after Bitcoin's ETF approval. Standard Chartered predicts that the US SEC will approve ETH ETFs in May. This expected clearance might significantly increase Ethereum's market value. According to reports, the bank projected a potential increase to $4,000 by May 23. With the Ethereum price hovering around $2,800, this rally could make it one of the top crypto coins to buy. Another factor that could influence the altcoin price is the recent Dencun upgrade. Dencun has gone live on two Ethereum testnets already. With the promise of reducing the cost of transactions for ETH L2 blockchains and making data availability cheaper, Dencun on the mainnet could spark a rally. Dogecoin (DOGE) Network Hits New Milestone, Analyst Expects Price Hike While its price performance hasn't met the expectations of investors, Dogecoin (DOGE) has been growing behind the scenes. The number of new addresses on the Dogecoin network reached a new high on January 29. According to data from IntoTheBlock shared by Ali Charts, users created 247,240 new Dogecoin addresses. This breaks the previous record of approximately 160,000 addresses set in 2014, shortly after the meme coin was launched. The network growth and recent price upswing have piqued the interest of crypto trader and analyst Crypto Patel. According to Patel, DOGE has formed a historic pattern last witnessed in 2021. Crypto Patel stated that if Dogecoin can replicate this incredibly bullish pattern, it may finally break above $1 for the first time. KangaMoon (KANG) Captures the Interest of the Crypto Community Amidst the growing positive sentiments of Dogecoin and Ethereum, KangaMoon (KANG) has become one of the most talked-about memecoins. KangaMoon has gained massive attention for attempting to do things differently in the meme coin space. The project represents the next generation of memecoins with its focus on utility as well as meme culture. KangaMoon is a social-fi project that aims to bring together the meme community under one umbrella. Not only will the project unite meme coin enthusiasts, but it will also create an opportunity for them to earn, adding more excitement to KangaMoon. KangaMoon will reward users based on their participation and activity within the ecosystem. The more you participate, the greater your earnings. Crypto experts have predicted that KangaMoon could become the next big meme coin, making it one of the top crypto coins to buy now. Many believe that KANG has the potential for a 100x surge in the 2024 bull market. With the altcoin price at just $0.005 per coin, now is the best time to join KangaMoon. Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To Earn. Embark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: No Financial Advice: The whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

February 18, 2024 08:00 AM Central Standard Time

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TRON DAO Unveils Bitcoin Layer 2 Solution Roadmap

TRON DAO

Geneva, Switzerland, February 17, 2024 - TRON DAO, the decentralized autonomous organization (DAO) behind the TRON network—a powerhouse in the blockchain world with over 210 million user accounts and more than 7 billion transactions—unveils its roadmap for building an innovative Bitcoin Layer 2 solution. This solution will revolutionize how we think about blockchain interoperability and using stablecoins within the Bitcoin ecosystem. The TRON network is a leading blockchain in the world of stablecoins and decentralized finance (DeFi), commanding an impressive stablecoin market cap of $55 billion and a Total Value Locked (TVL) of $22 billion. This integration will link the TRON network directly with Bitcoin, allowing access to over $55 billion in value to the network, thereby injecting more financial accessibility into Bitcoin and its Layer 2s, like Ordinals. The TRON DAO will venture further into Ordinals and other Bitcoin Layer 2 solutions. Plans are in place to introduce a user-friendly wallet and an array of tools designed to support BRC-20 tokens. Strategic Roadmap Unfolds Stage 1 - α: Expanding Bitcoin Interoperability with Cross-Chain Technology TRON has already facilitated Bitcoin's accessibility through cross-chain connections via exchanges, enabling the seamless transfer of value. This stage will introduce TRON ecosystem tokens, including USDT-Trc20, TRX, BTT, JST, SUN, NFT, WIN, and USDC-Trc20, into the Bitcoin network through breakthrough cross-chain technology, fostering an environment for more advanced interoperability. Stage 2 - β: Growing Collaborations Between TRON and Bitcoin Layer 2 Ecosystems TRON will start forming alliances with multiple Bitcoin Layer 2 protocols, unveiling substantial partnerships that will encourage TRON users to partake in re-staking initiatives and contribute to the prosperity of the Bitcoin Layer 2 ecosystem. Stage 3 - γ: Unveiling a Unified Layer 2 Solution for Blockchain Efficiency The conclusion of this roadmap will feature the public launch of a Layer 2 solution that synergizes TRON, BTTC, and the Bitcoin network. The high-level goal of this solution is to incorporate the low fees of Proof of Stake (PoS) systems with the security of Proof of Work (PoW) and Unspent Transaction Output (UTXO) systems, aligning with Bitcoin Layer 2 to usher in a new era of blockchain efficiency. Wrapping It All Up The launch of TRON's Bitcoin Layer 2 solution, combined with its venture into other Bitcoin Layer 2 protocols and the development of new user-centric tools, marks the beginning of a unified blockchain future. TRON DAO's initiatives aim to enhance blockchain technologies' usability, scalability, and interoperability, paving the way for a more integrated and efficient digital asset ecosystem. Join TRON on this transformative journey as they make Bitcoin fun again! About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 205.11 million total user accounts on the blockchain, more than 6.96 billion total transactions, and over $20.43 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

February 17, 2024 01:51 PM Eastern Standard Time

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Franklin Templeton Eyes Ethereum ETF Spot; KangaMoon and Render Poised As Top Altcoins To Skyrocket

Kangamoon

Franklin Templeton is making a big move in the digital currency market. The company is trying to secure an Ethereum (ETH) ETF spot. Crypto enthusiasts are going wild over this news. But two altcoins, KangaMoon (KANG) and Render (RNDR), are stealing the spotlight. While RNDR is a prominent token, KANG is a Stage 1 presale star that may pump by 100x in 2024. Ethereum (ETH): Franklin Templeton ETF Application Recently, there was some exciting Ethereum news. Notably, James Seyffart announced that Franklin Templeton has joined the spot Ethereum ETF race. According to this application, if everything goes according to plan, the ETF shares will be listed on the Cboe BZX Exchange after approval. This news may trigger a rally for this altcoin. Regarding its value movement, ETH has pumped from $2,328 to $2,665 in the past week alone. Its market cap also grew from $279B to $320B in that period. Additionally, 25 technical indicators are showing green for Ethereum. Due to all these reasons, experts predict a surge to $3,530 for Ethereum within Q2 of 2024. KangaMoon (KANG): The Gaming Meme Coin with Substance With Ethereum getting all the attention, KangaMoon (KANG) has come out of nowhere to shake up the cryptocurrency game. The team behind it has decided to do things differently and ensured that this meme coin will put others in their place. Beyond its viral value, KangaMoon brings games into the fold by turning KANG into a main in-game currency. Essentially, KangaMoon will combine Play-to-Earn (P2E) and Social-Fi elements into one game. With KANG, users can purchase in-game items, upgrade their characters, and more. Additionally, KANG token holders will gain access to weekly, monthly, and quarterly challenges. By winning these events, you will receive extra tokens and in-game items. Currently, KANG is in Stage 1 of its presale, which has raised close to $150,000 so far. One KANG token is worth just $0.005. However, as this presale advances, this price will increase as well. Given its ties to the NFT P2E game market, which may surge to $885.6M by 2028 (as per Yahoo Finance), its long-term growth potential is excellent. Due to all these reasons, experts forecast this altcoin will experience a growth of 1,000% once a Tier-1 CEX lists it in Q2 of 2024. Market Analyst Wick Makes a Render Price Prediction Meanwhile, Render (RNDR) has also made headlines. According to market analyst Wick, Render's future is looking great. In his new tweet, Wick states that the Render token needs just one weekly candle to close above $4.63 for its price to skyrocket. The Render price has moved from $4.39 to $5.10 in the past seven days. During that period, its market cap also pumped from $1.65B to $ 1.91 B. As this altcoin now trades above its 50- and 100-day EMAs, this bullish trend may continue. Therefore, market analysts forecast growth to $6.59 for Render within Q2 of 2024. Ethereum vs. KangaMoon vs. Render - Which One Soar First? When looking at all these altcoins, Ethereum and Render may seem to be the winners. However, KangaMoon surprisingly only needs $5M for its current price (and returns) to double. This puts them in a prime position to provide bigger and faster returns with fewer new funds. Thus, KANG may be the best altcoin to keep an eye on. Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

February 17, 2024 09:00 AM Central Standard Time

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