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BTCUSDT
64886.88
+3.21%

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ETHUSDT
2540.37
+2.90%

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ADAUSDT
0.3557
+2.04%

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BCHUSDT
329.73
+2.59%

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DAIUSDT
1.0189
0.00%

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BTCUSDT
64886.88
+3.21%
ETHUSDT
2540.37
+2.90%
SHIBUSDT
0.00001812
+2.78%
FILUSDT
3.667
+2.75%
DOTUSDT
4.292
+2.95%

News and information

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13-8-2024

Bit-Chess announces pre-sale, decentralizing chess in the spotlight

Newly launched cryptocurrency project Bit-Chess is proud to announce the launch
of the world’s first fully decentralized chess platform pre-sale. This
groundbreaking platform aims to bring millions of online chess players into the
ever-expanding cryptocurrency industry.The Bit-Chess team shared this exciting
news on their X account (formerly Twitter), highlighting their commitment to
revolutionizing the way chess enthusiasts engage with the game in the digital
age.Bit-Chess Launches Pre-sale PhaseBit-Chess, the first fully decentralized
online chess platform, has announced the launch of its official pre-sale phase
on its X account.This move marks a major step in bringing millions of online
chess players into the revolutionary crypto industry.The pre-sale is designed
for chess enthusiasts and investors who want to get in on this exciting
chess-focused project early. Bit-Chess aims to bring the world of chess into the
decentralized crypto space, offering a unique blend of strategy gaming and
blockchain technology.With a total supply of 210 billion tokens, $BCC is a
Solana-based token that will serve as a governance token in the Bit-Chess
ecosystem. This means that $BCC HODLers will have a say in important future
decisions for the platform. During the pre-sale phase, Bit-Chess is offering
23.625 billion $BCC tokens, which is 11.25% of the total supply.Currently, the
price of 1 $BCC is $0.000373, and interested buyers can purchase tokens in the
early stages to get a significant discount.The tokens can be purchased on the
project's official website using a variety of popular cryptocurrencies,
including Solana (SOL), Ethereum (ETH), Binance Coin (BNB), Bitcoin (BTC), and
Tether (USDT). This allows a wide range of investors to participate. The
pre-sale is an opportunity for those who see the potential in combining this
timeless game with the latest blockchain technology.Notable Features of
Bit-ChessBit-Chess will make a significant impact on the chess world by
combining traditional gameplay with modern blockchain technology through the
Solana network.Here are some of the key features of Bit-Chess: In-Game Wallet
Guides - The platform will provide detailed guides for newcomers to crypto or
chess, as its goal is to educate anyone interested and attract millions of
people interested in crypto.$BCC - Bit Chess Coin - The $BCC smart contract
will be developed on the Solana-Blockchain in the short term with the strong
partners of Bit-Chess Solidproof to ensure 100% security and transparency made
in Germany.Play-to-Earn (P2E) Mechanism - Bit-Chess introduces a Play-to-Earn
model where players can earn rewards through gameplay. These rewards will be
automatically airdropped and can be converted into real-world value, adding a
new layer of benefits to playing chess.Global Tournaments - The platform will
host tournaments for players from all over the world to compete against each
other. Winners will have the chance to win cash prizes and exclusive NFTs,
creating a competitive and rewarding environment.Player vs. Player - Players can
compete in one-on-one matches against other chess enthusiasts. This feature
provides a direct competitive experience, allowing players to challenge and
improve their strategic abilities.Exclusive NFTs - Bit-Chess will offer special
NFTs to allow stakers to earn more rewards. A total of 2,000 unique NFTs will be
available, with an initial limited release of 500 during the pre-sale.Bit-Chess
NFT Marketplace - Bit-Chess uses digital chess pieces as NFTs, from pawns to
kings. Each chess piece has unique characteristics and abilities determined by
its digital genes. These chess pieces can be purchased, cultivated, traded, and
borrowed.Bit-Chess's Item Store - Bit Chess has also set up an item store,
guaranteeing that every profit will be used for the repurchase of $BCC.$BCC
Destruction - A destruction mechanism will also be integrated into the Bit Chess
environment.

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12-8-2024

3 Key Reasons Why Bitcoin (BTC) Dropped Below $58,000

U.Today - Bitcoin (BTC), the largest cryptocurrency by market cap, suffered a
sell-off during Sunday's trading session. The sell-off continued, with Bitcoin
falling to an intraday low of $57,663 during Monday's trading session. As of
writing, BTC is down 2.09% over the previous 24 hours to $59,450, down from
Thursday's high of $62,755. According to data from on-chain analytics firm
Lookonchain, institutions appear to have temporarily stopped buying BTC, which
has in part contributed to the price drop. "Institutions appear to have
temporarily stopped buying, with BTC price down 4.5% today," Lookonchain wrote
in a tweet. "We noticed that institutions stopped receiving USDT from the Tether
Treasury and transferring it to exchanges 2 days ago." According to on-chain
data, Bitcoin's sharp rise to a high of $62,755 during Thursday's trading
session may have triggered profit-taking. On-chain analytics firm Santiment
wrote in a tweet: “Bitcoin briefly topped $62,600, up 25% in just 3 days.
As usual, regular traders were caught off guard.” Santiment further added:
“The sudden rise in BTC prices to $70,000-75,000 could be a golden signal
for BTC.” The drop in Bitcoin (BTC) triggered a wider sell-off in the
cryptocurrency market over the weekend as some traders looked for signs to
adjust their positions ahead of a busy week. Important news to watch this
weekInvestors are looking forward to the release of new inflation data this week
as uncertainty over the state of the U.S. economy continues. The July Producer
Price Index, which tracks wholesale prices, will be released on Tuesday, while
the July Consumer Price Index will be released on Wednesday. The drop in Bitcoin
(BTC) triggered a wider sell-off in the cryptocurrency market over the weekend
as some traders looked for signs to adjust their positions ahead of a busy week.
Investors will be keeping a close eye on inflation data as recent market
concerns have raised whether the U.S. economy is heading for a recession and
whether the Federal Reserve should start cutting interest rates sooner rather
than later to avoid a hard landing for the economy. The Fed kept interest rates
unchanged at its meeting last month but signaled it could cut rates in
September, depending on economic data such as inflation and labor market
conditions.

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18-6-2023

Wyre, a crypto payments platform, shuts down, selling assets

Wyre, a platform facilitating payments with digital currencies, is closing shop
due to the ongoing decline in the market. The portal has since its winding-down
procedure, stating that potential purchasers interested in acquiring the
company’s assets are now invited to express their interest. Wyre shuts
downAfter nearly ten years, the San Francisco-based provider of cryptocurrency
payment solutions said their decision to wind down follows challenges posed by
the bearish market conditions rather than any stringent “regulatory agency
directives” in the United States. You might also like: Wyre’s demise
forces Airtm to halt crypto trading operationsIn a statement on June 16, the
company explained that it had made the difficult decision to shut down to
safeguard the best interests of its primary stakeholders and customers. Wyre
assures the security of client funds. Until Friday, July 14, users can access
their assets on the Wyre platform through the Wyre dashboard. The company
specified that beyond that date, an alternative process would be implemented to
retrieve assets remaining on the platform. Wyre is sellingThe Wyre team also
hinted at the availability of the company’s assets. Following the
cancellation of Bolt’s intended acquisition of Wyre for $1.5 billion in
September 2022, the business has been in a state of decline ever since. After
reports of “uncertainty” surrounding Wyre’s custodial partner
surfaced on January 4, 2023, Juno, a provider of fiat-to-cryptocurrency on-ramp
solutions, advised its users to transfer their crypto assets from the Juno
platform to self-custody. The next day, MetaMask also ceased to support
Wyre’s cryptocurrency payment services for the same reason. Subsequently,
Wyre imposed a 90% withdrawal restriction on all customers, but on January 13,
they removed the limitation after securing funding from an undisclosed
“strategic partner,” indicating an improvement in their business.
According to reports, 75 employees were laid off from Wyre in January. Due to
the prolonged bear market, Wyre joins a growing roster of cryptocurrency and
blockchain enterprises and projects that have closed their doors. In May alone,
the crypto fintech company Unbanked, the Lightning Network payments platform
BottlePa;, the cryptocurrency exchange HotBit; the non fungible token (NFT)
marketplace, Terressa; and the institutional trading portal, TradeBlock, backed
by Digital Currency Group (DCG); all ceased operations.  

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