Category Archives: Cryptocurrency

The world is still struggling to comprehend the geopolitical and human impact of the Ukraine war. With more than 10 million people fleeingtheir homes and 6 million seeking refuge in foreign countries, it's been a time to support a sovereign country under attack.

It has also proven to be the moment where cryptocurrency proved its true value to real people. Not as the high-concept tech toy for the wealthy elite as many had previously dismissed it, but rather as an empowering force for good in a dangerously unstable world.

When the Russian invasion began in February, Twitter accounts belonging to the Ukrainian government posted pleas for crypto asset donations. Now, as more than $100 million in crypto donations have already been raised to support the Ukrainian resistance, those of us who have championed crypto as a way of giving ordinary people rather than corporations and governments control over their own money have been vindicated. While the banking financial system has been under sustained attack by Russia, using both military and cyberattacks, this life-saving money has gone directly to those in need via crypto.

Ukraine took a number of measures in an effort to stabilize the banking sector and protect the countrys economy, including suspending foreign cash withdrawals, limiting how much currency can be withdrawn, and banning cross-border forex transactions. Consequently, Ukrainians are turning to borderless and trustless crypto to enable them to either survive in or flee from the war zone.

Related:The Ukraine invasion shows why we need crypto regulation

We can now see the value of having somewhere safe to store money in a time when the traditional financial system is under threat a completely separate payment infrastructure that can step in and pick up the slack if the current infrastructure is destroyed in a black swan event. Whether it is a state destroying our ability to pay for goods and services or even a major cyberattack, the blockchain provides a vital backup to halt the destruction of entire economies.

We have witnessed digital currencies being used to quickly transfer cash to those in need from relatives abroad, enabling fleeing refugees to buy crucial goods and services when there is no cash in their ATMs after critical infrastructure has been decimated by relentless Russian attacks. Anyone with a mobile phone and internet access which has been bolstered by the thousands of Starlink satellite internet dishes generously provided by Elon Musks SpaceX can access their funds via crypto wallets.

Crypto averting sanctions? Think again

Digital currencies have not only shown their worth in helping desperate Ukrainian refugees but also in preventing sanctions from being averted. Contrary to speculation at the onset of the conflict, desperate Russian oligarchs have discovered that crypto is not the safe haven for their funds that they had hoped.

As the United Kingdoms independent crypto industry association, we called on all of our members and the wider crypto community to take all necessary steps to enforce economic sanctions against Russia through engagement with professional compliance teams, blockchain analytics companies, the National Crime Agency and government experts in illicit finance.

Contrary to the outdated image of crypto as a digital currency favored by criminals, every transaction on the blockchain is, in fact, publicly available, providing a secure and transparent record on a ledger that anyone can see. This publicly available information means that exchanges can use transaction monitoring tools to trace the source of the funds and flag what is coming from blacklisted, sanctioned sources.

The list of blacklisted addresses is in the public domain, which means that exchanges can not only identify and block sanctioned names but also prevent them from opening accounts in the first place.

Lack of liquidity

Contrary to some speculation, if Russia wanted to evade sanctions by converting fiat currency into crypto today, it would be extremely difficult because there is insufficient liquidity in the market to support exchanging its fiat for cryptocurrency at a sufficient scale.

If an oligarch is attempting to convert $1 billion into crypto, they would find that this vast amount of digital currency is simply not available in one place because it is scattered across thousands of marketplaces.

Building digitally from ground zero

The legacy systems upon which our financial markets stand are not going anywhere, and quite rightly, because governments around the world value the safety, predictability and security they offer. But if we could start from scratch, it is likely that we would turn to blockchain technology, which is at the cutting edge of financial technology thanks to its superior efficiency. It does away with all the intermediaries, reduces the time to settle, increases the global reach for sending payments, and reduces costs.

Related:Ukraine has received $37M in tracked crypto donations so far

Big payment providers, which connect the banking world with merchants, have already embraced crypto, providing the ability to pay with digital currencies as an alternative to paying a credit card charge. The cost of these transactions has increased significantly in recent years, and if a company is turning over tens of millions of dollars per year, 2% is a lot of money. If they have another way to pay using crypto for a fee of less than 1%, it is a better choice.

Ukraines financial infrastructure may emerge from this tragic war at ground zero, and we may soon witness a modern society rebuilding its economy with a strong blockchain technology element built in. As the shockwaves of this tragic conflict resonate around the world, crypto has risen to the challenge and proven itself a vital source of both financial stability and accountability.

The views, thoughts, and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Ian Taylor is the executive director of CryptoUK, an independent industry body that exists as a cohesive, credible voice for the evolving United Kingdom digital assets industry. Having spent 20 years in investment banking, he has held many senior roles across trading, treasury and risk management, and is still involved with a major global bank. In his role he has built a community of more than 100 of the most influential industry participants and campaigns for a fit-for-purpose regulatory framework in the U.K., Europe and beyond.

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Ukraine has shown the value cryptocurrency offers to real people - Cointelegraph

Uniswap's UNI/USD price has decreased 5.18% over the past 24 hours to $6.79, continuing its downward trend over the past week of -21.0%, moving from $8.6 to its current price.

The chart below compares the price movement and volatility for Uniswap over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 22.0% over the past week along with the circulating supply of the coin, which has fallen 0.07%. This brings the circulating supply to 456.49 million, which makes up an estimated 45.65% of its max supply of 1.00 billion. According to our data, the current market cap ranking for UNI is #27 at $3.09 billion.

Powered by CoinGecko API

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Uniswap Decreases More Than 5% Within 24 hours - Benzinga

If investment was a poker game, a hand populated with cryptocurrency would not be considered akin to a royal flush in 2022. Indeed, the cryptocurrency market has seen a catastrophic fall since June 2022, from its dizzying heights that saw millionaires seemingly made overnight. Anyone buying at the top of the late-2021 peak might currently be feeling as if theyve been dealt a pair of twos.

For the betting man or woman, the combination of a falling valuation, numerous horror stories of life savings being frozen in the accounts of crypto companies such as the Celsius Network, a now bankrupt crypto-lending company governmental intervention such as Chinas ban on crypto mining, and the general volatile and unpredictable nature of the crypto beast, makes an investment into cryptocurrencies less than appealing.

Regardless, following a crash that saw cryptocurrencies lose approximately $1trn in value a 70% drop from its high in November 2021 the market cap (total value of cryptocurrency) rose by $280bn in July 2022, hinting that a recovery may be in its early stages. Furthermore, July 2022 saw the longest run of sustained weekly net inflows for tracked crypto assets since March 2022, according to CoinShares, a crypto asset management group.

Alongside this, many experts have refused to classify the crypto market as dead. So why, when the high-risk nature of crypto investing is so baked into the asset class, is crypto still an investment worth considering?

It is important to note that alongside the fall of cryptocurrency, there has been a colossal crash in the global stock market, with the first half of 2022 representing the worst six-month run in more than 50 years.

Even though cryptocurrencies sit within a decentralised system, the crypto investor is still vulnerable to the same shocks as the traditional stock market: inflation, energy pricing and the Covid-19 pandemic to name but three. Therefore cryptocurrency isnt much of an outlier to its traditional investment counterpart.

The key difference with cryptocurrency is a lack of built-up trust, particularly with companies that act like crypto banks. There have been numerous crypto lending companies that have folded and filed for bankruptcy for example, Japans Cred in 2020, and Canadas Voyager Digital and the aforementioned Celsius Network in 2022 but not before breaking trust with investors and shaking the foundation that many crypto believers were building their Bitcoin-powered dreams on.

The crypto market and the futuristic, decentralised, internet-based eco-system in which it sits are still very much in their infancy stage. The comparison is often made between the crypto market now and the internet back in the early 1990s, when Ask Jeeves was still the search engine of choice.

Cryptocurrency is often romanticised as being the beginning of a fairer digital economy. In the same way that the internet went on to change the world and become necessary to the majority of the global population, many staunch believers expect crypto to fulfil a similarly weighty prophecy.

However, unlike the ostensibly unlimited internet, some cryptocurrencies particularly Bitcoin are finite in supply, meaning that the opportunity to mine and become the first owner of fresh bit is a limited offer.

It is this pressure that has pushed many investors to hedge their bets in cryptocurrency, despite the red flags that keep on fluttering in the distance. It is also this urgency, pushed by crypto lenders when advertising to potential investors, that has perhaps made this crash so painful, particularly to amateur investors.

In fact, cryptocurrency has been synonymous with less risk-adverse, younger investors since its inception. A CivicScience Survey from March 2022 found that 71% of cryptocurrency investors are under the age of 45. Furthermore, in in the first quarter of 2022, 21% of investors were aged between 18 and 24.

An anonymous twenty-something cryptocurrency investor explains: The investing that our parents did, such as real estate or saving accounts with banks, or even stocks, doesnt have as much appeal to my generation. That low-risk kind of investment does not hold the rewards it once did, so I think young investors or amateur investors such as myself are more drawn to the high-risk investment of crypto. But its also about the ideology behind it. I think breaking away from a centralised system is a message that really speaks to my generation.

When asked for his advice on how to protect your investment in crypto, the investor said that keeping funds in a cold wallet a physical device such as a USB hard drive that keeps your cryptocurrency offline is crucial.

Theres a saying about keeping your crypto in these lender accounts, not your keys, not your coin, says the investor. Were seeing the repercussions of investors who were enticed by these lender companies that offer interest and its devastating, so its smart to keep your crypto in your own control.

Treating cryptocurrency with respect, while acknowledging that it is a high-risk investment, is crucial to playing the game. The volatility of the asset means that while crashes occur, the possibility of future bull runs extended periods of rising valuation cannot be ruled out.

Furthermore, the idealistic symbolism of a yet materialised, decentralised digital future holds merit for many, and that makes cryptocurrencies worthy of serious consideration.

However, the ethical issues around mining cryptocurrencies are still to be resolved and until that crease is ironed out, its an investment Id approach with trepidation.

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Is cryptocurrency worth the risk in 2022? - Investment Monitor

The Italian Revenue Agency in a circular clarifies doubts regarding the income tax return from cryptocurrency, in case the platform is Italian.

From a regulatory and especially fiscal point of view, there is still some confusion or at least a lack of clarity on what is the methodology for income tax return in regards to cryptocurrency trading.

The Revenue Agency with Notice 956-448/2022 seems to have clarified at least one point about the declaration of the Rw form. Regarding investments abroad, it was thought it should also cover those in cryptocurrencies, but the agency clarified that if the investments are made through an Italian platform there is no obligation to fill out the Rw form.

The fact that it is so difficult to arrive at a clear fiscal discipline regarding cryptocurrencies is determined by the fact that in Italy, as in many other countries, there is still no clear regulation of the cryptocurrency world. In 2020, Consob President Paolo Savona had expressly spoken of the no longer pressing need to create clear regulation for the cryptocurrency market. But this call two years later has practically remained a dead letter.

At present, as many accountants explain, the tax framework applied to cryptocurrencies derives more from interpretations of practice, supported by some jurisprudential backing, which, however, can hardly be confirmed by jurisprudential rules, lacking precisely a precise and clear regulation of the cryptocurrency market.

The Revenue Agency, with Resolution 72/E/2016, supported by the EU Court of Justice ruling Case C-264/14 of October 22, 2015, decided to assimilate cryptocurrencies to foreign currencies. But this interpretation, as seen, has been subjected to precise and clear exceptions that undermine the taxpayers clarity, creating difficulties in completing the income tax return from digital currencies.

Simplifying, according to the 2016 resolution, capital gains from the forward sale of cryptocurrencies constitute miscellaneous income of a financial nature, subject to a 26% substitute tax, if the amount held by the taxpayer exceeds the amount of 51,645.69 euros for seven continuous business days during the year. Again, needless to say, confusion reigns supreme in the taxpayer and leaves room and scope for different interpretations regarding the difficulty of calculating the average holding in ones digital wallet.

This new circular from the tax agency seeks to put a modicum of clarity to a matter that continues to remain shrouded in the maze of subjective interpretation since it becomes very difficult to calculate a digital currency in the same way as a foreign income. But until a regulatory framework is finally transposed, not only at the Italian level but at the EU level, everything will continue to be very nebulous and questionable from both a regulatory and a tax perspective.

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No declaration in the Rw framework for cryptocurrency income - The Cryptonomist

Created on the Ethereum blockchain in May 2021, CUMINU token seeks to combine the best attributes of the major adult sites with the convenience of an entirely cryptocurrency-based platform. A decentralized platform that runs on the blockchain gives creators confidence their funds are safe.

CUMINU released a beta version of their 18+ platform in July 2021 that quickly gained over 1,000 fans and saw the token reach a US$40M valuation. The project hosted 18 creators over 6 days for a major community event. After months of testing and market research CUMINU decided to pivot away from just streaming and include static content, noting that up to 50% of onlyfans's revenue comes from subscription services.

CUMINU is currently developing itsnext-generationn platform, investing 6 figures into the build. Named Cummuniti, the platform will focus heavily on providing quality subscription and messaging services as well as instant payments for creators. The prototype version is due in September 2022.

CUMINUs Cummuniti adult content platform opens up an unlimited number of possibilities for content creators in adult entertainment, while an increasing number of individuals are investing in cryptocurrencies around the globe. The desire for adult content remains a constant in every economy and Cummuniti is combining the best features of both to revolutionize the industry.

CUMINU is currently trading at a market valuation of US$1.8M, making it potentially appealing should it return to previous highs on the launch of their Cummuniti platform in September 2022.

#FeaturedBy: Safari Offers

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CUMINU is innovating the adult entertainment industry with cryptocurrency - Pulse Ghana

Bitcoin price surged above the $25,000 level for the first time since June 13, as momentum continued from a cooler-than-expected US inflation data and progress toward Ethereums big upgrade. The world's largest and most popular cryptocurrency Bitcoin was trading over a per cent higher at $25,200. The global crypto market cap today was above the $1 trillion mark, even as it was almost flat in the last 24 hours at $1.23 trillion, as per CoinGecko.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, rose nearly a per cent to $2,004. Ether surpassed $2,000 on Saturday for the first time since May 31 amid optimism about completion of its blockchains much-anticipated software upgrade known as the Merge, which is now likely to happen around Sept. 15, according to network co-founder Vitalik Buterin.

The Merge represents a transition in how Ether tokens are minted and transactions are validated, away from mining blocks using complex computational puzzles under the proof-of-work method and toward proof-of-stake. Under the POS method, Ether holders can sign up to validate transactions on Ethereum based on stashes of locked up tokens.

Meanwhile, dogecoin price today was trading more than 10% higher at $0.08 whereas Shiba Inu also surged over 34% to $0.000017. Other crypto prices' today performance were mixed as XRP, BNB, Litecoin, Tether, Tron, Avalanche, Stellar, Polygon prices were trading with gains over the last 24 hours, Uniswap, Apecoin, Polkadot, Chainlink slipped.

Crypto struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation, with the prices of Bitcoin, Ether and other tokens falling by more than 50%. Following the collapse of a major pair of tokens, some cryptocurrency lenders froze customer withdrawals, and several crypto firms have cut jobs. Prices have partly recovered, with bitcoin gaining 17% in July.

With US inflation data coming in below expectations in the past week, risk assets like the Nasdaq 100 Index have advanced, helping foster gains in crypto, which has been strongly correlated with that stocks gauge for months.

(With inputs from agencies)

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Cryptocurrency prices today: Bitcoin rises above $25,200, highest since mid-June | Mint - Mint

Bitcoin is struggling at the $24,000 level after finding its perceived low for the cycle in June and going on to rise more than 20% in July, for its best month of the year. The cryptocurrency rose above $24,000 twice this week. It also touched that level at the end of July, but was unable to hold there before retrying this week. However, while a breakout above that mark could open the gates for bitcoin to test the next leg up, it doesn't necessarily have lasting implications, technical analysts say. "I think $29,000 will be very, very difficult for bitcoin to take out on the upside," Julius de Kempenaer, senior technical analyst atStockCharts.com, said this week. "Sellers came in around $24,500 last month and the buyers were not strong enough to push it beyond that $24,500. If that happens, it would be a short-term positive, but you've got to see it all in the light of the big break down." Bitcoin did climb as high as about $24,700 at one point Thursday, though momentarily, as investors digested two better-than-expected inflation reports. It found its low in June, at $17,601.58, according to Coin Metrics, and then went on to the big comeback in July. Since then the crypto world has had plenty of good news to keep investor sentiment high from positive inflation readings and Federal Reserve updates to BlackRock offering investors bitcoin trading, to the successful trial runs of the Ethereum Merge scheduled for September. Still, there could be a lot more pain on the way after this current rally, the technical analysts say, and it's still too soon to call the bottom. "Bitcoin is weak after completing that massive drop," de Kempenaer said of the cryptocurrency's 70% peak-to-trough decline this year. "All the upside that we are currently seeing is taking place in recovery, so we're going counter trend, and those are dangerous rallies because they're very fragile." If bitcoin breaks above $24,000, the upside potential would be limited to about $20,000, he added. On the downside, if bitcoin falls below its June low, it could continue down to $12,500. Bitcoin "is long-term oversold but needs support discovery and improvement in long-term momentum to suggest a major low has been made," according to Fairlead Strategies' Katie Stockton. Mid-September could be a significant turning point for bitcoin, Youwei Yang, director of financial analytics at StoneX, said. For him, $25,000 is the key resistance level for bitcoin. If it can notch that, there's potential for a "near-term summer rally" up to the next key level to test of $28,000, he said ahead of the Federal Reserve's Sept. 21 meeting and the Ethereum merge, which is currently scheduled for the middle of September. Still, Yang said after the midterm elections he expects to see much more pain extending through at least the beginning of 2023.

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What's next for bitcoin as the cryptocurrency wrestles with $24000 - CNBC

One of the areas of the international banking business that is expanding the fastest is cryptocurrency. Cryptocurrencies have emerged as the next big thing in the finance sector, even though several nations have outright banned some or all of these currencies.

There are many different reasons why people invest in cryptocurrencies. Some users make long-term cryptocurrency investments. Cryptocurrency is seen as a quick-hit investment by certain people.

The world of altcoins is expanding steadily in the realm of cryptocurrency stocks. Following in the footsteps of the original cryptocurrency coin, Bitcoin, which debuted in 2009, altcoins have attempted and successfully developed a variety of blockchain platforms and products that have matched those of Bitcoin.

Altcoins are different from Bitcoin; instead, they are digital coins on the market. The term altcoin refers to any cryptocurrency coin listed on the cryptocurrency market that is not Bitcoin.

The variety of choices in the cryptocurrency realm is due to altcoins. There are tens of thousands of alternative coins listed on the cryptocurrency stock market, each with its environment, purpose, and set of features for solving problems.

A large number of altcoin initiatives dominate the list of cryptocurrency stocks in the market. Among them are Ethereum (Ethereum), Solana (SOL), Ripple (XRP), and many others.

In addition, many emerging cryptocurrency alternatives have the potential to rival these leading cryptocurrency projects. This article highlights one of them, Runfy Token (RUNF), in comparison with Solana (SOL)

To modify how users generally engage with blockchains like Ethereum, a major cryptocurrency exchange named Solana hit the market.

Solanas open-source project uses a new layer-1 blockchain that is extremely fast and doesnt require authorization. It is also quite helpful. Solana was created to solve the blockchain trilemma, providing a decentralised blockchain and a speedy and secure transaction each time it is used.

The installation of smart contracts and the creation of decentralised applications are made possible by Solanas third-generation blockchain technology (DApp).

The cryptocurrency used by the Solana system is called SOL. The utility token and native token were first launched in March 2020.

Based on overall market valuation, it is one of the top 10 crypto coins. With SOL, customers can access a staking-based method of exchanging security and value. Granting users governance privileges also makes use of Solanas token.

As blockchain technology has permeated various sectors, including the health and fitness industries, new cryptocurrency projects have emerged to promote and improve fitness for multiple people.

Security and dependability, increased data privacy, eliminating middlemen, and gamificationthe most stimulating elementare just a few advantages of the interwoven relationship between blockchain technology and the fitness sector.

The Runfy Token ecosystem is a platform that users may use to control their health and fitness and is driven by the community.

Runfy Token advertises all health and fitness-related material and provides users with the opportunity to earn bitcoin.

A way of living that also offers an app with cutting-edge features to increase user adoption, such as in-app awards, coaching, step monitoring, and many others, is the Runfy Token ecosystem.

The Runfy token, RUNF, controls the Runfy ecosystem. The RUNF token is a utility token that was created on the Binance Smart Chain, which offers reduced transaction fees. With the help of the RUNF token, users may earn cryptocurrency while staying healthy and fit.

Join Runfy Token (RUNF)s Presale:

Presale: http://go.runfytoken.io/Website: http://runfytoken.io/Telegram: https://t.me/RunfyTokenOfficial

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Is Runfy Token The Next Cryptocurrency to Explode in 2022 like Solana? | Bitcoinist.com - Bitcoinist

Since their creation, cryptocurrencies like HachiFi have drawn far greater acceptability than the conventional financial market due to various usage-related factors. It has been a while since the previous banking system was implemented, and just a few minor changes have been made in response to customer requests for a better user experience. Despite all of this, there are still unique issues with traditional money, which is why the cryptocurrency marketwhere projects like Bitcoin are foundwas established.

The concentration of the traditional finance industry is one of these issues. Coin exchanges using Bitcoin are involved in this. Numerous consumers feel more comfortable and more likely to participate in this industry because of the decentralisation of the bitcoin market and efforts like Bitcoin.

The protection against inflation is a further advantage that attracts investors to cryptocurrencies like Bitcoin. In economics, the term inflation indicates the slow loss of a currencys ability to buy goods and services. It measures how quickly the cost of goods and services are rising in a specific economy. A central financial body in a centralised system will utilise inflation to determine how much a countrys cost of goods and services has climbed. Inflation can only occur in decentralised systems. But not just one particular corporation measures it; the entire market does.

Despite the erratic nature of bitcoin price, the market outperforms the traditional market in terms of inflation. One of the main benefits of cryptocurrencies like Bitcoin, in addition to their unique pricing, is their capacity to serve as an inflation hedge. Cryptocurrency prices give investment funds a safety net against any inflation they might run into in the conventional banking business, even though they dont altogether avoid it. There is an excellent desire for investment for cryptocurrencies like Bitcoin with low inflation rates. The two anti-inflation crypto schemes that will inevitably be deflationary are this articles main topic. They are Bitcoin (BTC) and HachiFi (HACH).

The first cryptocurrency to be utilised in the blockchain industry was Bitcoin. Since its untraceable launch in 2009, Bitcoin has significantly influenced market developments. Bitcoin has been at the top regarding market value, users, investments, and popularity. Bitcoin was developed to prevent centralised governments from controlling the flow of money.

BTC is a decentralised digital currency that enables users to transact, swap, and buy directly with one another without the need for an intermediary. Bitcoins volatility does not preclude it from being a legitimate investment option because more than 19 million exist. You have to mine BTC to get it. Adding a new transaction to the Bitcoin blockchain is done through mining. The transaction is verified in this stage using the proof-of-work mechanism. Due to the difficulty of their work, these miners are rewarded in Bitcoin.

HachiFi (HACH) is a decentralised layer-3 platform with applications in NFTs, Metaverse spaces, and Defi that aims to maximise the benefits of decentralised finance and the cryptocurrency market in general. The HachiFi ecosystem is gaining popularity over time. Users can access various passive income-generating options through HachiFi, which will also expand and improve blockchain security and Defi accessibility.

The Hachi token is in charge of running the HachiFi ecosystem. Memecoin is not this Hachi token. Its the primary utility token. The Hachi coin was developed by providing access to global financial prospects. This currency has many applications and has legitimacy worldwide. You can gain from the presale bonus by purchasing Hachi using ETH and gain 22%.

Presale: http://signpup.hachifi.com/

Website: http://hachifi.com/

Telegram: https://t.me/HachiFiOfficial

Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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Anti-inflation cryptocurrency to invest in 2022- Bitcoin and HachiFi - The Coin Republic

Meme coins have created a niche for themselves in the cryptocurrency market. Daring traders adore digital assets like Dogecoin (DOGE) for their potential to produce sporadic gains. Although, they are considered to be highly prone to enormous price volatility. Meme coins change in value depending on the market interest. They are based on endorsements, community activities, excitement, and FOMO.

The rapidly expanding meme coin project is an example of how online communities can work together to construct decentralized stores of wealth and trade platforms based on agreements facilitated by blockchain technology.

Meme coins are a way for online communities to enter the cryptocurrency market by capitalizing on well-known memes. Meme coins are community-based projects that enable users to receive token rewards and gain knowledge about cryptocurrencies while mining, making transactions, completing offers, or holding tokens.

The success of top meme projects gave the starting point for new initiatives like the new era meme coin, Pugglit Inu (PUGT), to identify and address issues within the ecosystem.

Dogecoin (DOGE), the largest meme coin, was launched on its blockchain, providing a face to coins with a dog character. Billy Markus and Jackson Palmer, two software developers, created Dogecoin in 2013 to create a quicker but more entertaining version of Bitcoin.

Dogecoin was created as a parody of the several scam cryptocurrency coins in circulation and was inspired by a Shiba Inu meme that first surfaced several years back. It garnered media attention when Dogecoin reached the top ten crypto coins in 2021 and gave holders massive profits in a single year. Dogecoin has stayed at the top ever since, mainly because of the Dogecoin community that follows it.

Dogecoin is an open-source cryptocurrency that uses a proof-of-work consensus algorithm to achieve its goals. Elon Musk, the founder of Tesla, tweeted a couple of times endorsing cryptocurrency, which caused it to skyrocket. His business recognizes Dogecoin in exchange for Tesla goods. Dogecoin has been at the receiving end of multiple celebrity endorsements. Dogecoin is the most popular meme coin in existence and a lot of people want to be associated with it. Dogecoin will continue to dominate the market for years to come if celebrities continue endorsing it and the community continues the hype.

Dogecoins main rival, Shiba Inu (SHIB), was released and built on the Ethereum blockchain as a cryptocurrency in August 2020. The Shiba Inu token, SHIB, is a decentralized network that offers traders the chance to gain benefits from taking part in its community. In the ecosystem, it serves as the primary means of exchange, and users can use it to stake, trade, or gain.

The SHIB token is the second most popular meme token on the market. It is capable of being used to create a reliable and effective economy.

SHIB is gaining more recognition as a top payment medium. Shiba Inus entry into the metaverse is another fascinating event. The metaverse is their most recently virtual reality and metaverse initiative where SHIB holders can now use the token to buy virtual land plots.

Pugglit Inu (PUGT) is a new meme coin project designed to transform the trading of cryptocurrencies. The initiative seeks to usher in a new era of meme coins, similar to how it happened when the popularity of meme coins skyrocketed in 2020.

The Pugglit Inu project is inspired by the Pugglit Inu meme, a combination of the words puggle and piglet. The coin is designed to reflect the best characteristics of both animals and they are featured on the PUGT platform. The projects thorough record-keeping and environmental conservation are a reflection of the piggies exceptional memory and excellent hygiene. On the pug front, the projects community-friendliness and customer-care service reflect the pugs friendly and devoted attitude.

The Binance Smart network as a reflection token is used by the PUGT platform to maximize users income over short- and long-term usage. The utility token of the Pugglit Inu platform is known as PUGT. It finances the projects decentralization utilizing the rewards connected to user transactions made through decentralized wallets.

Many crypto-related issues, including accessibility, flexibility, transaction costs, and security, can be resolved with Pugglit Inu. It provides access to the best trading platform, a charting tool, a news aggregator, network statistics, and trading bots, among other advanced trading tools. It will enable traders to be on top of current trends and execute trades more successfully.

Dogecoin (DOGE) and Shiba Inu (SHIB) have dominated the meme crypto market since their respective launches. However, the outstanding utility of Pugglit Inu (PUGT) could see it take over the canine giants in the future. Keep your eyes peeled for Pugglit Inu.

Pugglit Inu (PUGT)

Presale: https://pug.pugglitinu.com

Website: http://pugglitinu.com/

Telegram: https://t.me/PugglitInuOfficial

Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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Pugglit Inu Is Challenging Dogecoin and Shiba Inu in the Cryptocurrency Market - The Coin Republic