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    TON to list Toncoin on Huobi exchange with a 1 million token promotional campaign

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    TON to list Toncoin on Huobi exchange with a 1 million token promotional campaign

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    Crypto exchange Huobi Global has announced that it will be listing Toncoin, the native cryptocurrency of The Open Network (TON) ecosystem, on Wednesday, September 7th, 2022. The listing will see TON available for trading on one of the largest cryptocurrency exchanges in the world in a TON/USDT spot trading pair. The listing was announced by Huobi Global on September 5th as part of a strategic partnership with the TON Foundation. Toncoin, which is a token that is available to transact on the messaging platform, Telegram, has now moved out into the mainstream with this new listing. The project had previously raised $250 million through the Huobi Incubator, which is part of the Huobi Group. This partnership will not only see Toncoin listed on the crypto exchange, but there is an extensive marketing budget of 1 million TON tokens planned to go towards marketing events, trading contests, airdrops, and staking with up to 300% APY. Founding member of the TON Foundation, Steve Yun, expressed excitement at the partnership with Huobi. He states that the TON Foundation is “excited that Huobi Global now supports TON mainnet. We look forward to actively supporting the TON ecosystem together.” The partnership is also focused on expanding the offerings and opportunities in Web3. Both parties plan to leverage the collaboration to support developers and businesses, as well as provide investments, incubate projects, and implement technologies and projects based on the TON blockchain. “By leveraging its user-friendly mass-market products, TON has the potential to become one of the most promising layer-1 blockchains that could bring hundreds of millions of Web 2.0 users to the crypto world,” Lily Zhang, Chief Financial Officer of Huobi Global. “With the integration of TON mainnet, Huobi is well-equipped to support promising projects built in the TON ecosystem.” About The Open Network (TON) The Open Network (TON) is a community-run Layer 1 proof-of-stake blockchain that was developed in 2018 by the founders of Telegram and the Durov brothers. It is a blockchain that enables lightning-fast and ultra-cheap transactions. It is a fully scalable decentralized blockchain that has easy-to-use applications and an environmentally friendly design. The Durov brothers had officially handed over TON to the community, and since then, the blockchain development has been led by the TON Foundation, made up of a non-commercial group of supporters and contributors whose sole purpose is to help grow the blockchain. Toncoin, the native token of TON, is the only cryptocurrency that is transferrable between users on the Telegram messaging app. Users are able to send crypto among themselves using the @wallet bot in a seamless manner. About Huobi Global Huobi Global is a cryptocurrency exchange that was founded in 2013 and has quickly grown to prominence since then. Data from Coinmarketcap shows that the exchange is the 9th largest in the world, with daily volumes of more than $500 million. Huobi is licensed in 12 countries, including the United States, Thailand, Japan, and Gibraltar. The company has since grown to develop various arms dedicated to different parts of the business. HECO Chain is an environmentally friendly blockchain that caters to developers, Huobi Capital is the investment arm of the group, and Huobi DeFi Labs caters towards helping decentralized finance (DeFi) development, amongst others.    

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    Tezos (XTZ) Nurses From Bad Fall In Last 7 Days After Binance Asset Freeze

    Analysis

    Tezos (XTZ) Nurses From Bad Fall In Last 7 Days After Binance Asset Freeze

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    Recent developments suggest that Tezos and its native coin, XTZ, may have placed itself in a precarious scenario. XTZ price reveals a bullish trend  Key resistance spotted at $1.48 Tezos price support present at $1.44 On August 25, a group of network contributors under the name Baking Bad claimed that the cryptocurrency exchange Binance had wrongfully frozen over $1 million in assets. Meanwhile, authors further urged the Tezos community to stop supporting the Changpeng Zhao (CZ)-led group by withdrawing their funds from the exchange. Related Reading: Flow Monitoring: Why This Price FLOW May Not Attract Short-Term Traders While the cryptocurrency exchange promptly refuted the accusations, the price of XTZ began to look for crude oil on the charts. The Proof-of-Stake (PoS) backed coin’s price was $1.48 at the time of publication. Data from CoinMarketCap showed that the price had dropped by 10.10% over the previous day. XTZ’s dip was the largest in the previous seven days, notwithstanding the fact that the bulk of the market’s cryptos were in the red. Tezos (XTZ) Price In A Breakout Zone According to CoinMarketCap, XTZ price has plunged by 0.44% or trading at $1.46 as of this writing. We can see that the price of Tezos is currently in a breakout zone between $1.48 and $1.44 on the 1-day price analysis chart. The next action could be influenced by a move made in either direction. For the past 24 hours, the bulls have been in charge as they drive the price of Tezos up to $1.47. Chart: TradingView.com The upper limit of the Bollinger’s band, at $1.48, is the level of greatest resistance for the bulls, while the lower limit, at $1.42, is the level of immediate support. Since the MACD line is above the signal line, the MACD indicator continues to reflect bullish momentum. More so, the RSI indicator is currently rising moderately and is at 65. This suggests that in the near term, the bulls have the momentum to drive prices skyward. The bullish momentum, however, would show signs of shakiness if the RSI slipped below 60. Related Reading: Cardano Price Trajectory Signals Negative Bearing, Weekly Chart Mostly In Red Binance Moves In Line With Court Directives Binance stated in response to the Baking Bad accusation that their choice was not arbitrary and that the exchange was not to blame. The exchange further claimed that it proceeded in accordance with court directives. Before charging the Baking Bad crew with making a snap judgment, Binance also pointed out that they had rejected working together. So where does XTZ stand after this back-and-forth discussion? According to data from the XTZ/USDT four-hour chart, the incident appears to have badly affected XTZ. Binance and Baking Bad, however, have both been responding to themselves in accordance with the confiscation. The exchange acknowledged that there was little they could do to stop the assets from being frozen, despite the XTZ donors’ claims that they complied with Binance’s request. The future course of the issue was not intuitively clear. Additionally, XTZ was not exhibiting any signals of enthusiasm. XTZ total market cap at $1.7 billion on the daily chart | Source: TradingView.com Featured image from Zipmex, chart from TradingView.com

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    Shamlatech – Metaverse Dev Company Powers Nugen Universe With Exciting Metaverse Solutions

    000

    Shamlatech – Metaverse Dev Company Powers Nugen Universe With Exciting Metaverse Solutions

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    [PRESS RELEASE – Please Read Disclaimer] Shamla Tech as a pioneer and leading Metaverse development company offers end to end Metaverse development solutions and becomes their official partner for Nugen, a phenomenal initiative that leverages the advantages of cryptocurrencies with the potential to digitize the day-to-day transactions. NUGEN is an all-in-one platform that enhances the […]

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    Brazil payment app PicPay launches new crypto exchange service with Paxos technology

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    Brazil payment app PicPay launches new crypto exchange service with Paxos technology

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    PicPay, a Brazil-based payment app, has announced will now allow its users to buy, sell and hold cryptocurrencies, in its first foray into the crypto market. Today, PicPay launches its cryptocurrency exchange service, which initially supports trading of Bitcoin and Ethereum, as well as USDP. The exchange is operated in partnership with Paxos, a blockchain […]

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    Spanish crypto exchange Bit2Me acquires Peruvian exchange Fluyez

    2021

    Spanish crypto exchange Bit2Me acquires Peruvian exchange Fluyez

    Bit2Me, the first crypto exchange recognized by the Bank of Spain as a virtual currency service provider, announced it has acquired Fluyez, the first Peruvian cryptocurrency exchange company. Fluyez, which has the endorsement of the Peruvian Fintech Association; has only been present in the domestic market for a little over a year, and has already […]

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