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TL;DR Algotech is now in its third presale stage and has raised more than $3.7 million so far. The broader crypto market has performed well this week, with BTC now trading above $70k. The broader cryptocurrency market has recovered from last week’s poor performance. BTC is up by more than 5% in the last seven days and could soar higher in the near term.  At press time, the price of Bitcoin stands at $70,287, up by more than 1% in the last 24 hours. Thanks to the positive performance, other major cryptocurrencies are also trading in the green. The Algotech presale also continues to move excellently, with the third stage now 14% completed.  What is Algotech? To understand why the Algotech presale is moving fast, it is crucial to know what the project is about. Algotech is a cutting-edge decentralized algorithmic trading platform designed specifically for the fast-paced world of cryptocurrency trading. It is ideal for retail traders thanks t...

Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors. London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand. The service is expected to be first rolled out in Abu Dhabi, United Arab Emirates, by its new arm in the country, Copper Securities. The company is reportedly in the process of securing regulatory approval from local authorities. Copper plans to use blockchain technology to provide securities financing and other payment solutions to institutional clients over the coming months. More than 90 markets around the world will be accessible through the new platform, said the company. Copper acquired its securities arm earlier this year with the goal of offering tokenized securities wi...

Key takeaways Shiba Inu is down by 4% over the last seven days as the market undergoes a correction. Shiba Memu’s presale has now raised more than $4.6 million as more investors troop in. The cryptocurrency market is undergoing a slight correction after its excellent performance in recent weeks. However, Shiba Memu’s presale continues to hit new highs.  Shiba Inu could slip below $0.000008 SHIB, the native token of the Shiba Inu ecosystem, is down by 4% over the last seven days. The poor performance comes as the broader cryptocurrency market undergoes a correction. At press time, the  price of Shiba Inu stands at $0.000008077 per token . If the bearish trend continues, SHIB could drop below the $0.000008 level in the near term.  What is Shiba Memu? Shiba Memu is a new Web3 project that is launching as a meme token. The project continues to attract interest from investors as the broader cryptocurrency market continues to r...

The co-founders of crypto media Bankless are seeking to separate their brand from BanklessDAO some two years after the launch of DAO. Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X (formerly Twitter) on Nov. 26 to announce that they also plan to burn all of their BanklessDAO (BANK) tokens on the back of this proposal. Hello CT To lead with the obvious, we could be better in accepting criticism of @BanklessHQ. I hold Bankless very dear, and I've got an innate reflex to protect it when I see it being unfairly attacked. This clouds my ability to hear what CT is trying to tell me,… pic.twitter.com/7L5ufQ1bAu — DavidHoffman.eth (@TrustlessState) Novem...

The popularity of liquid staking tokens could usher in a new age for Ethereum and the rest of cryptocurrency — and play a key role in the new bull market. Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge. While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become clear to liquidity providers (LPs), toppling ETH from its throne and ushering in a new era of LST domination. Since the Merge, ETH can now be staked to produce a roughly 4% annual yield, depending on factors of network activity, total ETH staked, number of validators and the value captured by maximum extractable value. This development is significant because of the nature of ETH as a generally stable asset. Many cryptocurrencies are more volatile, so owners have to consider both yield and whether the pri...

Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown. Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held.  Last week, the SEC sued Binance and Coinbase, accusing them of offering a number of alt coins as  unregistered securities. As a result, many of the tokens mentioned in the lawsuit were delisted by major trading platforms which made their price tank. According to Held, Tokens that “had fair or transparent launches”, such as Litecoin, Dogecoin and Monero, do not match the definition of a security that the SEC is following and therefore are likely to avoid the current crackdown .  Related: SEC charges against Binance and Coinbase are terrible for DeFi “It definitely seems like the SEC has carved that out as something that they won't be going after”, he said in an exclusive interview w...

The BRC-20 token standard utilizes Ordinal inscriptions to deploy token contracts, mint tokens, and transfer tokens. A new daily all-time high (ATH) has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain. Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high (ATH) of 31,692 on March 9 by 83.5% according to Dune Analytics data. The surge is believed to be driven by the recent creation of " Bitcoin Request for Comment" (BRC-20) Tokens on the Ordinals protocol by a pseudonymous on-chain analyst named Domo in early March. Daily count of Ordinals inscriptions shown in green. Source: Dune Analytics While Ordinals are nonfungible token (NFT)-like “digital artifacts” which carry data in the form of text, JPEG images, PDFs, video and audio formats on the Bitcoin network, the BRC-20 token standard utilizes Ordinal inscriptions to deploy token contracts, m...

The Friendsies NFT collection responded to accusations it was behind a $5 million rug pull after announcing a “pause” of the project. Nonfungible token (NFT) collection Friendsies has refuted claims it is “ abandoning ” its NFT project following a tsunami of “rug pull” accusations aimed at its founders. On Feb. 21, the founders behind the NFT project told its Twitter followers that it was putting a “pause” on Friendsies and “all future digital goods” for the time being, citing market challenges. Around 40 minutes later, the Twitter account was deleted, while the account of Friendswithyou, who developed the project, was made private — sparking rumors that the founders had “rugged” for about $5 million. With the $5.3m @friendsies_ai hard rug earlier today it remains unclear how the funds could’ve possibly been spent. There have been no announcements since September, no community treasury, and no P2E game. The team blames “market volatility” as their rationale. pic.twitter.com/FM8ytum4U...