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ICOs Continue to Raise Money via SEC Back Door



French ICO

The number of initial coin offerings getting through the back door at the Securities and Exchange Commission skyrocketed last year, as the securities regulator sent mixed messages about the future of investment contracts based on digital assets.

MarketWatch counted 287 ICO-related fundraisings accepted by the SEC with a total stated value of $8.7 billion in 2018, peaking at 99 in the second quarter. That’s a significant increase from 44 fundraisings filed with a total stated value of $2.1 billion in 2017.

ICO promoters gained access to accredited investors through a back door called Form D, as first reported by MarketWatch in February of last year.

Form Ds are notices filed by a company for an offering that is exempt from full SEC registration requirements. The key criteria for the Form D exemption is that only “accredited investors,” that is, individuals that have a net worth of over $1 million, or that have consistently made over $200,000 per year in income, or companies that have over $5 million in assets, can invest. Companies don’t have to file the Form D before the offering takes place, but instead within 15 days after the first sale of securities in the offering.

MarketWatch searched the SEC’s Edgar database for mentions of words including “coin,” “ICO,” “token,” “initial coin offering” and “saft.” The SEC has been taking steps to warn investors and limit the number of scams from initial coin offerings. Chairman Jay Clayton repeatedly reassured markets in 2018 that no ICOs were “registered” by the SEC.

In May, the SEC’s Office of Investor Education and Advocacy’s tried to capture investors’ attention by setting up a mock ICO website using a bogus coin offering to educate investors about scam red flags. The SEC called it, after the SEC v. Howey, the Supreme Court’s test for whether a transaction qualifies as an “investment contract” and is therefore regulated by the SEC.

In November, the SEC settled its first cases imposing civil penalties solely for ICO securities offering registration violations. The SEC had charged two companies that sold digital tokens in ICOs in 2017 — Airfox, a Boston-based startup that raised $15 million and Paragon, an online entity that raised approximately $12 million — without registering the tokens as securities or filing periodic reports with the SEC.

Later that month, the SEC brought their first cases over touting violations for initial coin offerings, charging boxer Floyd Mayweather Jr. and music producer DJ Khaled.

Based on MarketWatch’s analysis, the SEC’s actions may have helped to slightly staunch the demand for more offerings. But the public statements and speeches of SEC officials belied a reluctance to close the door completely on digital assets and the investment contracts based on crypto-concepts.

SEC commissioner Hester Peirce is a crypto booster, industry advocates say. They’ve nicknamed her “Crypto Mom” after remarks in dissent of a decision by the SEC to reject the application from Cameron and Tyler Winklevoss for a bitcoin-backed exchange-traded fund.

In a speech via video to the Crypto Valley Summit in Zug, Switzerland on Nov. 7 she acknowledged that U.S. regulators are “admittedly sending mixed messages” because they are “coming to terms with crypto in different ways” and not always coordinating with each other.

“For example, our sister regulator, the Commodity Futures Trading Commission, has allowed the development of crypto-derivatives markets, but the SEC so far has not approved any application to list an exchange-traded product based on cryptocurrencies or crypto-derivatives trade on U.S. exchanges,” she told the audience.

Peirce said, “regulators have an unfortunate habit of allowing their own conservatism and their legitimate fear that they will be blamed when investments go wrong to curtail investors’ options.” She favors a different approach, one that “allows investors—informed by good information about the relevant exchange-traded product and encouraged to exercise a healthy dose of skepticism—to choose whether or not to buy the product. I am working on convincing my colleagues.”

In April reported that Clayton told a Princeton University audience he rejected the idea that all ICOs are fraudulent, even though in February, in he said that he believes “every ICO” he’s seen qualifies as a security. Clayton opened the talk by saying he believes that “distributed ledger technology has incredible promise for the financial industry.”

On Dec. 6, Clayton told an audience at Columbia University, “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital,” Clayton said, while also warning that “the novel technological nature of an ICO does not change the fundamental point that, when a security is being offered, our securities laws must be followed.”

These ICOs could potentially become available to retail investors and consumers, who are supposed to be protected from scams by SEC, as a result of the growth of secondary markets for the crypto-tokens that were created by these ICOs.

Several cryptocurrency-related firms are pursuing alternative trading systems or ATS licenses with the objective of providing trading platforms for ICO tokens and other cryptocurrencies. The SEC regulates these trading platforms, which trade securities listed on national exchanges but are not registered as exchanges themselves.

Coinbase acquired three firms, one of which — Venovate Marketplace — is registered as an ATS. Overstock already had an ATS from a previous acquisition. One of its subsidiaries, tZero, is using it to build a security token exchange.

Spokespersons at the SEC and CFTC did not respond to requests for comment due to the government shutdown.


StakeVault.Network to Launch Validator Services for ETH, ATOM, TIA, and SUI



StakeVault.Network (SVN) is set to expand its validator services to major blockchain networks, including Ethereum (ETH), Cosmos (ATOM), TIA, and SUI, in the near future. This expansion aims to provide users with secure and efficient staking services, enhancing the security and performance of each network.

Discover StakeVault.Network

StakeVault.Network is a project dedicated to offering cutting-edge blockchain infrastructure. It provides validator services that support the operation and security of networks through user-held crypto assets. In today’s rapidly evolving blockchain technology landscape, there is a pressing need for secure, efficient, and scalable solutions for staking and node validation. These processes are crucial for strengthening network security, achieving consensus, and promoting decentralized governance across blockchain ecosystems.

Despite significant advancements, existing node validation and staking solutions often face scalability limitations, insufficient security measures, and a lack of user-friendly interfaces, hindering widespread adoption. StakeVault.Network aims to redefine the staking environment by introducing a robust, scalable, and secure platform to address these challenges, positioning itself as a game-changer in the industry.

Revolutionary Validator Solutions

StakeVault.Network offers comprehensive and customized solutions to address the challenges of staking and node validation. The platform implements advanced node authentication mechanisms to ensure that only reliable nodes participate, enhancing security through multi-factor authentication and continuous monitoring. Its efficient staking mechanism minimizes energy consumption while maximizing network security and participation, and a dynamic reward distribution model ensures fair and transparent rewards.

The user-centric design provides an intuitive interface and simplified staking process, encouraging broad participation. By promoting reliability and empowerment through a transparent economic model and community governance, StakeVault.Network supports the healthy development of the platform.

Expanding Horizons (ETH, ATOM, TIA, SUI)

SVN will provide validator services on the following major blockchain networks:

Ethereum (ETH): Founded by Vitalik Buterin in 2015, Ethereum is a decentralized platform with smart contract functionality. It serves as the foundation for decentralized finance (DeFi) and non-fungible tokens (NFTs), and many decentralized applications (DApps) have been developed on it.

Cosmos (ATOM): Cosmos aims to provide interoperability between blockchains with its native token, ATOM. It envisions an “Internet of Blockchains” and offers a software development kit (SDK) for creating independent blockchains.

TIA (Celestia): Celestia offers a modular blockchain focused on specific functionalities, addressing the trilemma of decentralization, scalability, and security. It uses Data Availability Sampling (DAS) for efficient block verification.

SUI: SUI is a layer 1 blockchain network designed for fast and low-cost transactions. It adopts the unique programming language “Sui Move.” SUI has expanded its ecosystem through partnerships with major companies.

Power of SVN Token

The SVN token is a crucial component of the StakeVault.Network ecosystem. Token holders can participate in decision-making processes and earn staking rewards in SVN tokens. Additionally, SVN tokens are used to pay for services and transaction fees, supporting the economic activities within the ecosystem.

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ABTCOIN Trading Center: RWA Rebuilding a New Order for Cryptocurrency



The concept of Real World Assets (RWA) is increasingly capturing attention and sparking discussions in the cryptocurrency sphere. The emergence of RWAs presents new opportunities for the cryptocurrency market while challenging traditional financial system norms and models.

Traditional financial systems typically rely on centralized financial institutions to manage and trade real-world assets like real estate, stocks, and bonds. However, with the development of blockchain technology, RWAs are gradually entering the cryptocurrency domain, facilitating transactions and management through digital assets and smart contracts.

RWAs have significant impacts on the cryptocurrency market. On one hand, the support of RWAs can enhance the credibility and stability of cryptocurrencies. By linking real-world assets with cryptocurrencies, it provides asset backing, boosting investor confidence and attractiveness, thereby attracting more investors and institutions into the market. On the other hand, the introduction of RWAs may also lead to volatility and instability in the cryptocurrency market. Due to the relatively unstable nature of cryptocurrency markets compared to traditional financial markets, introducing real-world assets may result in significant market price fluctuations. Additionally, the slower process of trading and transferring real-world assets may impose certain limitations and impacts on the liquidity of cryptocurrencies.

Overall, RWAs have a dual impact on the cryptocurrency market. On one hand, they provide support and stability to the market, enhancing the credibility of cryptocurrencies. On the other hand, they may also contribute to market instability and fluctuations. Therefore, careful consideration of their effects and appropriate measures to manage risks are necessary when introducing real-world assets into the cryptocurrency market.

Against this backdrop, ABTCOIN Trading Center has been actively responding to market changes by introducing various new trading instruments, including mainstream cryptocurrencies like Bitcoin and Ethereum, as well as promising emerging digital currencies. These new trading instruments provide investors with more investment opportunities, facilitating better asset allocation. Additionally, ABTCOIN Trading Center places emphasis on community building by organizing online and offline events, seminars, and training courses in collaboration with industry experts and enterprises, collectively promoting the healthy development of the cryptocurrency market. This community-building effort not only provides investors with a broader perspective but also offers them more support and assistance throughout the investment process. The ABTCOIN Trading Center community also serves as a platform for investors to access the latest market dynamics and investment opportunities, while enabling them to share experiences and exchange insights with other investors, helping them to navigate challenges on their investment journey with confidence.

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$ANDY Launched with the mission to “Make BNB Chain Great Again, CEX listing announced



Launched on June 15th on the BNB blockchain, $ANDY has experienced remarkable price growth. In less than a day, its market cap soared from a few thousand dollars to more than $17 million, capturing the attention of the crypto space.

It’s no longer rumours that $ANDY coin is going to be listed on popular Exchange Bitmart: and other leading exchanges would be coming onboard soon.

But what is Andy? Or, more precisely, who is he? Andy is originally a character from Matt Furie’s Boy Club, the famous comics. He is probably the most unique character from Matt Furie and the best friend of Pepe the Frog, which also became one of the most important memecoins ever. Andy is really the character that glues the whole Boy’s Club together and is well known for being hilarious.

If you’ve been following some crypto news, you will know that two of the most important memecoins lately are Pepe and Brett, both coming from the Boy’s Club comics. Pepe is on the Ethereum Chain, while blue Brett is on the Base one. The great idea behind Andy is that this yellow character should be on the BNB Chain, also known as the yellow blockchain. It’s a simple yet very efficient narrative: if Brett was at the top of the Blue Base chain and Pepe at the top of Ethereum, then Andy should be at the top of the yellow BNB chain to complete this triforce of characters.

But it’s not all about the narrative; it’s also about the timing. $ANDY launched exactly at the right time. Trading on BNB has recently seen a significant resurgence in volume. This chain was historically known to be the most important chain during the last bull run for memecoins. It’s clear that Andy appears at the perfect time to capitalize on this momentum, help revive the BNB blockchain, and prepare the field for the next bull run where it will play an important part.

And because BNB has a historic significance for memecoins, Andy is also a heartfelt tribute to Changpeng Zhao (CZ), the founder of Binance, who is currently serving a four-month sentence. With his slogan of making the “BNB Chain Great Again,” it is evident that Andy is continuing CZ’s legacy and rallying every crypto enthusiast, wherever they are trading, to support this ideal.

Because of this timing and narrative, Andy immediately showed a lot of potential and can be compared only to Tier-1 category memecoins (those with the biggest communities, volume, and market cap). The numerous Andy memes surrounding the project, as well as their qualitative branding, contributed to its viral potential. Andy is catchy, and its story can be understood by anyone.

As with every memecoin, Andy’s marketing plays a big part, and the team has extensive connections to do this. We have seen that some of the biggest influencers in this space are supporting the project and recognizing its potential. On a daily basis, the marketing can be followed in their Telegram group. But every memecoin also needs a strong community, and $ANDY has that too. Of course, as it is very new, it has limited members, but the count is increasing rapidly, and the word is being spread on every social media platform to rally more members.

$ANDY is available on PancakeSwap, a decentralized exchange on the BNB network, without transaction taxes. It will also be listed on centralized exchanges, which, considering their tremendous trading volume, should happen very soon.

With a strong team, hilarious memes, extensive connections, the perfect narrative launched at the right time, and aggressive marketing, Andy shows promise. However, potential investors should conduct their own research before investing. Trade safely!!!


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Introducing Three Protocol: Building An Alternative To Centralized Digital ID’s and KYC with No-KYC Zero Knowledge Proof, Decentralized Digital ID’s



Three Protocol, a new project is building an alternative to centralized digital ID’s and KYC with no-KYC zero-knowledge proof, decentralized, digital ID’s (ZKi3s) in online marketplaces, announced its main features rivaling those of industry-established brands, such as Polygon ZKP, Starknet, zkSync, and DOP. The project aims to help users engage in secure, private digital interactions within a fully decentralized, trustless environment.

Zero-knowledge proof (ZKP) IDs are increasingly in demand in the emerging Web3 economy. Blockchain-based systems can ensure better performance and security in this landscape than the traditional Web 2.0 has to offer. Their focus on scalability, decentralization, and privacy offers a bridge for Web 2.0 online marketplaces toward Web3. Meanwhile, the latter’s reliance on national identification and KYC requirements affects user safety and privacy. Moreover, imposing verification excludes many from participating in online economic activities, especially those who are unbanked or lack proper identification.

Three Protocol eliminates KYC (Know-Your-Customer) or national identification requirements for marketplace access, allowing the unbanked and debanked communities to engage in online commerce. Signing up requires only a crypto wallet and the implementation of Zero-Knowledge Proof Psudoanonymised digital IDs. Therefore, a user’s profile on the blockchain is only a SHA256-hashed immutable entry on blockchain technology.

ZKi3s are no-KYC, zero-knowledge proof blockchain entries showing the owner’s online relationship history reputation, which forms the basis on which all Three Protocol systems function. Individuals can mint their own ZKi3s without providing national ID, biometric details, or passing KYC verification.

A ZKi3 is used to send ZK-Stark proofs between a review issuing protocol (e.g., an online marketplace) and an issuing protocol. This can occur whenever a user desires to collect a review or reputation score for any digital relationship or transaction. The ZKi3 is never visible publicly on the blockchain, ensuring the user’s transactions remain private.

Three Protocol confirmed that the algorithmic formulae for ZKi3s will be made open source. Therefore, any digital platform or online marketplace can integrate ZKi3s via a permissionless process.

Three Protocol also uses a Neural Network AI model employing cutting-edge alphanumeric AI algorithms to build a real-time updated product, a service, and a real-world assets interface for users. Furthermore, Three Protocol introduces the concept of DAIOs (Decentralized Artificial Intelligence Organizations) to implement open-source updatable AI systems and ensure users make informed decisions when voting.

ZKP ID providers take different approaches to the main aspects that define a ZKP ID system’s performance. These aspects include government access, privacy, KYC requirements, open-source nature, use of ZK-STARKs, and trustlessness. Here is how Three Protocol regards these manners and how it ranks against other leading projects, including Polygon ZKP, Starknet, zkSync, and Data Ownership Protocol (DOP).

Government Access

Three Protocol prioritizes the user’s control over their data and activities. Its decentralized ZKP digital ID technology maintains such sensitive information inaccessible to third parties. Besides Three Protocol, only a handful of other ZKP providers have this approach. On the other hand, projects like Polygon ZKP, zkSync, and DOP prioritize regulatory compliance over user autonomy and self-sovereignty.


Three Protocol employs cutting-edge ZK-Stark technologies to guarantee the user’s identity remains anonymous. This feature sets this project apart from other similar initiatives. For example, Polygon ZKP considers its system’s scalability more important than keeping the user’s ID secret. Meanwhile, zkSync utilizes ZK-Rollups to prevent third-party access to user information but still requires KYC from its users. Lastly, DOP adopts a selective transparency and regulatory compliance policy and disregards user confidentiality.

KYC Requirements

One of the most appealing aspects of ZKP identification is that it often doesn’t require KYC verification. Three Protocol ensures its users enjoy this benefit and keep their sensitive information secret. Apart from Three Protocol and DOP, only a few other projects follow the same practice. At the other end of the spectrum, projects like Polygon ZKP, Starknet, and zkSync require users to pass Know-Your-Customer procedures, affecting user inclusivity and privacy.

Open Source Code

Three Protocol is among the industry’s top ZKP DID providers, along with Polygon ZKP, Starknet, and zkSync, maintaining an open source code. This feature allows the project’s growing community to contribute and scrutinize its development, thus enhancing its trustworthiness.

ZK-STARKs (Zero Knowledge Scalable Transparent Argument of Knowledge)

Three Protocol utilizes ZK-STARKs to provide security against privacy threats and enhance performance levels without affecting decentralization. Only a few other projects follow this practice, e.g., Starknet. However, more prominent brands, like Polygon ZKP, zkSync, and DOP, do not consider ZK-STARKs a priority.


Three Protocol uses tri-signature smart contracts and DAO governance to ensure a fully decentralized and trustless experience. Moreover, it provides unbiased dispute resolution and self-custody, setting an industry standard with this approach, which only a few other brands, such as Starknet and zkSync, also follow.

About Three Protocol

Three Protocol is Tectum Labs’s first incubated project. Its mission is to modify the current paradigms of online marketplaces through decentralization and create financial inclusivity for individuals without access to traditional banking services.

The project uses the Three Protocol Neural Network AI model to create marketplaces that increase the efficiency and accuracy of searching for products, services, real-world assets, and clients based on personalized user queries.

Three Protocol integrates cryptocurrency utility to broaden the purchasing power and utility of cryptocurrency holders. Its implementation of an AI-driven DAO should also help increase equity and fairness in the user-online marketplace relationship.

Lastly, Three Protocol uses a unique blend of privacy, self-custody, and decentralized governance that sets it apart from other ZKP ID providers. Its services cater to users and developers who value anonymity, trustlessness, and decentralization.

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Data Ownership Protocol – Itheum – Launches on Solana, Embracing AI and Gaming



Itheum, a data ownership protocol, has unveiled ItheumV2, emphasizing AI and gaming data, and is now expanding on the Solana blockchain. This expansion began with the release of Data NFTs on Solana, allowing users to participate in the Get BiTz meme-burning game to collect BiTz XP, which contributes to Proof of Activity within the ecosystem. This activity is later converted to Liveliness Scores, backed by $ITHEUM tokens, meaning that each user will get $ITHEUM tokens proving their Liveliness Score. The inaugural GetBiTz version on Solana was launched via DRiP, and of course, more opportunities for participation will be dropped via the same channel in the future, all you need to do is to subscribe/follow and make sure you’re securing a BiTz Data NFT drop when the time comes.

Following the successful deployment on Solana, Itheum secured the 5th position at the Solana Summit, marking a huge milestone for the development of the protocol on the Solana Network. The next step is to onboard gamers to the Gamer Passport when it launches and for this, we invite you to read more and stay up to date with the Itheum developments to make sure you’ll be able to join the Gamer Passport Alpha Stages.

Omni Chain Expansion Debuts with the Launch of the Itheum on Solana

A significant milestone in Itheum’s expansion is the launch of the Omni Chain Token Bridge between Solana and MultiversX blockchains, now live on mainnet. This has been done after a series of QA tests and security audits by xAudits with a full public report available on their official website. The $ITHEUM token is accessible on both blockchains, with strong liquidity pools on platforms like xExchange and Raydium as the primary DEXs (more coming soon), offering community access to the native token through various ways.

Initially launched on the MultiversX blockchain, Itheum introduced Data NFT technology aimed at onboarding diverse content creators—musicians, writers, educators, podcasters, game developers, on-chain analysts and more. This technology enables creators to bridge their work into the web3 space, offering a way to create fractionalized ownership over their work.

Fans can support creators by owning pieces of those collections and enjoying the content which is unlocked directly inside the NFT. Itheum also developed the Itheum Explorer platform, a tool that allows anyone to visualize the Data NFT in a human-readable form. This platform features a music player, arcade game zone, and educational widgets and more, allowing creators to share their work as Data NFTs. As an infrastructure layer on MultiversX, various protocols have built applications on top of Itheum, including a Loyalty Aggregator App for trading cashback as Data NFTs, a Social Media app for minting interactions as Data NFTs, and Data Aggregators.

ItheumV2 Empowers Gamers to Earn with Data NFTs in New AI-Driven Narrative

ItheumV2 introduces a new narrative: Data for the AI Era. Starting with the Omni Chain expansion, mainnet bridge release, and Raydium liquidity pool launch, Itheum aims to enable gamers starting with Sony PlayStation users to link their gaming data to Data NFTs and monetize it for passive income. More platforms like Xbox or Stream will be included later on. Gamers can link their gaming data to a Data NFT, regularly check in their data enriched with user survey answers like mood and feelings, and add it to an aggregator creating a bulk data pool. This pool can be traded with AI companies and other interested parties, generating passive income for active gamers.

Interactive Music Experiences: Itheum’s Data NFTs Enable Dynamic Playlists and Transparent Royalties

Other achievements include the Music Data NFT technology on Solana, enabling musicians to create dynamic playlists wrapped in a single Data NFT. Artists can update the content within the NFT, offering interactive experiences for fans while maintaining ownership over their work. Fans can access the content as long as they own a copy, and artists can generate a transparent form of revenue through on-chain royalties with each trade. Platforms like music and video streaming services can utilize Data NFT technology, revolutionizing content ownership and enhancing social media interactions for content creators and fans, creating more unique experiences for everyone, all this made possible via technology provided by the Itheum Protocol.

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Wirex and Visa Expand Partnership to Drive Web3 Payment Adoption



Wirex, the leading Web3 money app, and Visa, a world leader in digital payments, are thrilled to announce a partnership to further the use of digital currencies in the UK and the European Economic Area (EEA).

This collaboration will explore new opportunities to leverage and integrate innovative Visa cards and reduce friction in payment experiences. By combining the strengths of both companies, consumers will have the trust and confidence of Visa’s payment network with Wirex’s product innovation.

A major highlight of this partnership is the launch of Wirex Pay, the modular Zero Knowledge (ZK) payment chain incubated by Wirex. Wirex Pay is designed to revolutionise how users manage and spend both crypto and traditional currencies. This innovative product aims to simplify transactions, offering a seamless way to handle funds. It showcases fintech innovation by enabling seamless transactions between blockchain technology and traditional finance.

Wirex proudly stands as a crypto-native company holding Visa principal license capabilities for card issuance. Together, Visa and Wirex are committed to developing projects that integrate blockchain technology with traditional financial systems, ensuring smooth and efficient transactions. As such, Visa will support Wirex’s growth in existing markets through enhanced marketing efforts, leveraging Visa assets and capabilities.

Sviatoslav Garal, Global Head of Payments at Wirex, remarked, “Being among the few crypto-native companies licensed by Visa for card issuance, and notably the first principal member of Visa Network in Europe, emphasizes Wirex’s pioneering role in the financial industry. At a time when the financial world is boldly moving towards Web3 and decentralisation, the need for robust solutions for global funds movement remains essential. Key ecosystem players like Visa play a tremendous role in this shift. Wirex, a renowned innovator in both Web3 and traditional finance, is thrilled to partner with Visa in bridging the gap between these two spaces.”

“Partnering with Wirex to help integrate blockchain technology with traditional finance, including the launch of Wirex Pay, aligns closely with our vision for the future of payments while highlighting the importance of collaboration in driving fintech innovation,” said Cuy Sheffield, Head of Crypto at Visa.

About Wirex

Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly.

As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management.

Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.

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Aibit Launch Garners Industry Attention, Poised to Become a Rising Star



The cryptocurrency trading industry has witnessed a significant milestone with the launch of Aibit, a cutting-edge exchange that integrates advanced AI technology with blockchain. Since its official launch on July 1st, Aibit has quickly garnered industry attention, positioning itself as a potential game-changer in the market.

Revolutionizing Trading with AI Integration

In an era where AI is becoming an integral part of technological advancements, Aibit stands at the forefront by leveraging AI to transform cryptocurrency trading. The platform’s state-of-the-art AI capabilities enable it to offer a highly functional and accessible trading service. This ensures that even those new to trading can navigate the platform effortlessly and confidently, breaking down barriers to entry in the crypto market.

User-Centric Features and Smart Money Insights

Aibit’s innovative features include advanced address clustering and smart money insights. Address clustering aggregates and marks addresses that may come from the same entity on the blockchain, providing insights into blockchain behavior, token holdings, and governance rights. This allows users to understand the dynamics of entities like smart money, venture capitalists, and whales.

The platform’s smart money feature aggregates details from notable addresses, enabling users to analyze alerts from various dimensions and track specific entities. This provides a deeper understanding of market movements and potential investment opportunities.

AI-Powered Real-Time Data and Analysis

Aibit integrates an AI assistant that provides real-time on-chain data and analysis across multiple blockchains, including Ethereum, BNB Chain, Arbitrum, Polygon, and more. This AI assistant supports users by offering strategy overviews, target audience identification, and risk management, making it a valuable tool for both short-term and long-term traders.

Commitment to Democratization and Decentralization

Aibit’s address aggregation aids in understanding the degree of centralization in the on-chain world, contributing to the vision of Web3 democratization and decentralization. By providing detailed insights into governance token distributions and on-chain behaviors, Aibit supports a more transparent and equitable blockchain ecosystem.

Promoting High-Quality Data for AI Development

Aibit leverages high-quality data to train its AI models, promoting efficiency in processing Web3 transactions, data, and contract interactions. This approach ensures that the platform remains at the cutting edge of AI and blockchain integration, providing users with accurate and reliable data.

A New Era in Cryptocurrency Trading

With its launch on July 1st, Aibit is set to revolutionize the cryptocurrency trading landscape. By combining advanced AI with robust blockchain technology, Aibit offers a smarter, user-centric trading experience that sets it apart from existing platforms. It is not just a trading platform; it is a gateway to exploring and profiting from the new wealth opportunities presented by Web3.

Join the Revolution

Aibit has officially launched and is ready to transform the way you trade cryptocurrency. Experience the future of trading with Aibit, where trading is smarter, more intuitive, and deeply connected to the needs of its users.

About Aibit

Aibit is a revolutionary cryptocurrency exchange that integrates advanced AI technology with blockchain to create a smarter trading experience. With a focus on user needs and a collaborative co-creation model, Aibit aims to transform the way people trade and interact with the crypto market.

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The Covalent Network Successfully Migrates to New CXT Token to Drive Deeper Innovation in AI Following Governance Vote



The Covalent Network, the modular data infrastructure for AI and Web3 announces the successful approval and completion of its governance proposal to migrate its native token from the old CQT to the new CXT ticker and network contract. This pivotal change marks a significant milestone in the Covalent Network’s commitment to evolving its infrastructure to better support modular data solutions for AI and Long-Term Data Availability.

The New CXT Network Contract is Now Live and Operational

The successful migration to CXT also marks the completion of the New Dawn initiative. Key highlights from this initiative also included Arthur Hayes joining as a strategic advisor, a $5 million fundraise led by RockTree Capital, the migration of staking from Moonbeam to Ethereum and more. The migration to CXT sets the stage for Covalent’s next growth phase of community expansion and long-term data availability, a refreshed brand, additional advisors, and new funding.

CXT: A New Era for Covalent

The transition from CQT to CXT is more than a simple ticker change; it marks the beginning of a new era for Covalent. This migration aligns the token with Covalent’s enhanced mission of providing a robust, decentralized modular data infrastructure tailored for the future of AI and secure, long-term data storage. The new ticker, CXT, symbolizes limitless potential and a broader scope for Covalent’s objectives beyond just the old Covalent Query Token “CQT.” CXT is at the heart of operating the network, securing thousands of network customers, +230 chains and enriching over 300 million wallets with Covalent Network data.

Key Changes and Benefits of CXT

Improved Alignment with Mission: The new CXT token better represents Covalent’s evolved mission. With a focus on modular data infrastructure and AI, the CXT token encapsulates the network’s expanded vision and capabilities.

Enhanced Staking and Governance: The migration involves moving the staking and governance operations from CQT to CXT. This transition will enhance the efficiency and security of the network’s governance processes, ensuring that all future decisions align with the enhanced mission.

Distribution and Security: CXT tokens will be distributed directly to CQT holders on Ethereum, ensuring a smooth and secure transition. Token holders using wallets like Safe, Metamask, Rabby, or Ledger will receive their CXT tokens automatically.

Liquidity Enhancement: The migration plan includes measures to improve overall liquidity, providing a more stable and active trading environment for CXT.

Deprecation of CQT: With the ratification of this proposal, CQT will be deprecated. The community will transition fully to using CXT, which will provide better on-chain metrics and improve overall token management.

Security and Audits

Covalent has ensured the migration process is secure by undergoing thorough audits by Quantstamp, Hacken, and QuillAudit. These audits confirm the integrity and security of the migration process, providing assurance to all token holders. Rest assured Covalent has taken the maximum precaution as possible to ensure that all your funds are safe during the migration. No action is required by any existing token holders during this process.

For existing token holders:

  • Stakers: All current operators and delegators will automatically have their staked CQT positions migrated to CXT.
  • Centralized Exchanges: Covalent has been working with each exchange to support the migration. Exchanges will receive CXT tokens and handle the distribution of CXT to their customers.
  • Self-hosted Wallets: Token holders using wallets like Safe, Metamask, Rabby or Ledger will receive their CXT tokens directly.


  • Quantstamp
  • Hacken
  • QuillAudit

Centralized Exchange Support

Centralized exchanges, such as OKX, Gate,, Kucoin, BingX, and MEXC, are all prepared to support this transition. The trading of CQT halted right after the launch of the governance proposal on Jul 9 2024 00:00 UTC, with each exchange having their own schedule for resumption.

Looking Ahead: A Future Full of Promise

The successful migration to CXT signifies the dawn of a new era for the Covalent Network. With CXT, Covalent is uniquely positioned to lead advancements in AI and decentralized data infrastructure. The unwavering support and active engagement of the community are essential as Covalent embarks on this transformative path.

Stay tuned for more updates and innovations from Covalent. The future is filled with limitless potential, and this migration is a pivotal step toward realizing Covalent’s ambitious vision. Covalent is committed to progress and growth, with no plans to halt or scale back.

About Covalent

Covalent is the leading modular data infrastructure layer dedicated to solving major challenges in blockchain and AI, including verifiability, decentralized AI inference, and Long-Term Data Availability. Its large reservoir of structured, verifiable data enhances decentralized training and inference, reducing the risk of manipulated or biased AI models. Additionally, the Covalent Network’s Ethereum Wayback Machine ensures secure, decentralized access to Ethereum’s transaction data. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and more with unfettered access to on-chain data from over 230 blockchains.

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Discover the Future of Trading with AXL Finance



Welcome to AXL Finance, where innovation meets excellence in the trading world. As a leading tech company, AXL Finance has spent the past eight years developing a unique trading platform designed to simplify the trading experience for clients across the globe. Our mission is to make trading easier, more accessible, and more profitable for everyone, from beginners to seasoned professionals.

At the core of AXL Finance’s success is our cutting-edge AI algorithms, which have been meticulously crafted to analyze market data with unparalleled precision. These algorithms have an impressive success rate of over 93%, providing traders with insights and opportunities that were once out of reach. By leveraging advanced machine learning and artificial intelligence, our platform can predict market trends and make informed decisions, ensuring that our users stay ahead of the curve.

Our trading platform is designed with the user in mind. The intuitive interface and robust features make it easy for traders to navigate the complexities of the financial markets. Whether you are trading forex, cryptocurrencies, or CFDs, AXL Finance provides the tools and resources you need to succeed. Our platform supports a wide range of trading instruments, allowing users to diversify their portfolios and take advantage of various market opportunities.

One of the standout features of AXL Finance is our comprehensive web application. Accessible from any device with an internet connection, our web application ensures that you can manage your trades from anywhere in the world. This level of accessibility and convenience is crucial in today’s fast-paced trading environment, where timely decisions can make all the difference.

But we are not stopping there. AXL Finance is excited to announce the upcoming launch of our dedicated mobile app. This app will bring the full power of our trading platform to your mobile devices, allowing you to trade on the go. With real-time notifications, advanced charting tools, and seamless integration with our web platform, the mobile app will provide a comprehensive trading experience at your fingertips.

Security is also a top priority at AXL Finance. We employ state-of-the-art encryption and security protocols to ensure that your data and transactions are protected at all times. Our commitment to security and transparency has earned us the trust of traders worldwide, and we continue to strive for excellence in all aspects of our service.

Join the growing community of traders who trust AXL Finance for their trading needs. Our platform’s combination of cutting-edge technology, user-friendly design, and exceptional performance sets us apart in the industry. Experience the future of trading with AXL Finance, where innovation, reliability, and success converge.

Stay tuned for more updates and get ready to elevate your trading journey with AXL Finance. Our web application is available now, and our mobile app will be launching soon, bringing even more flexibility and power to your trading experience. With AXL Finance, the future of trading is here.

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NOWPayments expands crypto payment options with LayerZero ($ZRO) and ZK Token ($ZK)



NOWPayments, a leading cryptocurrency payment gateway is thrilled to announce the expansion of its cryptocurrency payment options with the addition of LayerZero ($ZRO) and ZK Token ($ZK). This strategic move aligns with NOWPayments’ mission to provide businesses with innovative and versatile payment solutions, enhancing both security and interoperability in the crypto space.

LayerZero ($ZRO) is a revolutionary cryptocurrency designed to facilitate seamless cross-chain transactions. Built on advanced blockchain technology, LayerZero enables interoperability between different blockchain networks, allowing for efficient and secure asset transfers across platforms.

Meanwhile ZK Token ($ZK) focuses on providing the highest level of privacy and security for cryptocurrency transactions. Utilizing zero-knowledge proof technology, ZK Token ensures that transaction details remain confidential while maintaining the integrity and validity of the blockchain.

Benefits of listing on NOWPayments

With the inclusion of LayerZero and ZK Token, NOWPayments continues to enhance its platform to meet the diverse needs of the cryptocurrency community. Businesses integrating these tokens through NOWPayments can expect the following benefits:

  • Automatic conversion;
  • Low transaction fees;
  • User-friendly integration
  • Enhanced Security;
  • Wide range of supported cryptocurrencies.

About NOWPayments

NOWPayments is a leading cryptocurrency payment gateway that enables businesses to accept payments in multiple cryptocurrencies. With a focus on security, simplicity, and customer satisfaction, NOWPayments offers a seamless integration process, low transaction fees, and automatic conversion to stablecoins to mitigate volatility.

Businesses and users are encouraged to explore the benefits of these new integrations and see how NOWPayments can transform their payment processes.

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