India’s Supreme Court to Hear Final Arguments on RBI Ban on Cryptocurrency Exchanges 1898

India’s Supreme Court will hear final arguments on petitions challenging the virtual ban imposed by the Reserve Bank of India (RBI) on cryptocurrency exchanges today. In April this year, the RBI had asked regulated entities to not get involved with cryptocurrency traders, firms, or individuals, imposing a virtual ban. The RBI decision was challenged by cryptocurrency exchanges in the Supreme Court.

Here’s what has happened so far:

  • After October last year, Bitcoin, the most popular cryptocurrency began gaining value. Between October and December, Bitcoin rose from $5,000 to about $20,000. This led to a lot of buzz, even gaining the attention of authorities.
  • In November 2017, a lawyer named Dwaipayan Bhowmick filed a Public Interest Litigation (PIL) seeking regulation on cryptocurrencies.
  • Between December and February, the government reiterated several times that cryptocurrencies were not legal tender. In Budget 2018, Finance Minister Arun Jaitley said again the government did not consider cryptocurrencies as legal tender and would do everything to eliminate the creation of crypto assets.
  • On April 5, the RBI asked entities regulated by it to terminate their business relationships with firms and individuals dealing in cryptocurrencies. “It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs. Regulated entities which already provide such services shall exit the relationship within a specified time,” the RBI said. The RBI set the last date for ceasing all such relationship on July 5.
  • In April, Ahmedabad-based Kali Digital Eco-Systems, which runs the crypto exchange CoinRecoil moved the Delhi High Court challenging the RBI’s virtual ban.
  • Later, a number of petitions were filed against the RBI decision, the Supreme Court stepped in and said that it will hear a clutch of petitions together. On May 11, the apex court issued a notice to the RBI and the central government to respond to the petitions.
  • On July 3, the Supreme Court refused to grant interim relief to cryptocurrency players.
  • From July 6, the RBI ban kicked-in.
  • On July 20, the RBI stood by its decision of virtual ban. It told the Supreme Court that cryptocurrencies are immune from state regulation, cannot be regulated and will lead to illegal transactions.
  • The RBI and the central government asked for three week time for filing responses to petitions. The next date for the hearing was set for September 11.
  • On September 11, the matter was postponed to September 12 for hearing due to lack of time before the SC bench.
  • On September 12, RBI once again reiterated that cryptocurrencies cannot be considered valid currency or money under the existing legal system. The hearing was postponed as many of the responders, except for the RBI, were not able to file their responses.
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Sophon Launches Liquidity Farming Allowing Everyone to Participate and Secure $SOPH Tokens 8153

Sophon, the entertainment-focused blockchain network leveraging zkSync’s technology, has dedicated a full 10% of its total $SOPH supply to rewarding users that participate in Sophon’s liquidity farming period. Users who contribute to the TVL of Sophon are able to take part in these rewards by depositing certain eligible assets to the designated farming pools on Ethereum mainnet (and later Sophon mainnet when it launches). Each user who participates in the farming period is rewarded with “Sophon Points (SP)”, which accrue each block.

A key feature of Sophon’s farming pools is its booster program, an optional mechanism that allows participants to multiply the potential rewards earned by their deposit in exchange for permanently allocating some or all of their deposited assets for the purpose of providing liquidity on Sophon mainnet. This booster function will have the effect of multiplying either some or all of a user’s deposits in Sophon’s farming pools, creating even more reward potential. You can activate a booster by permanently locking any portion or all of your deposited assets. That means this liquidity is permanent to Sophon protocol, and can not be withdrawn. An activated boost multiplies your deposit by 5x (Thus, generating 5 times the original SP).

It’s important to note that the deposited assets used to activate boosters will be permanently allocated for the purpose of providing liquidity on Sophon mainnet with no option to withdraw in the future.

The primary assets users can deposit are BEAM and BEAM/ETH LP. Other farms will be released in due course.

The 10% of the total $SOPH supply dedicated to the Sophon liquidity farming period is anticipated to attract a large number of users, and an initial collection of pools will be launched, with an additional pool planned to launch in the following weeks.

SP given to participants will accrue in real-time, and users can view their accumulated rewards through Sophon’s Farming Portal. The rate of reward accrual differs by pool, but the primary rate of accrual is driven by the amount a user has deposited in a pool compared with the other deposits for that pool.

Any participation in the Sophon liquidity farming period will be subject to the user agreeing to the Token Airdrop Terms and Conditions and applicable Disclaimers, which will be published on Sophon’s website on or prior to the start of the liquidity farming period.

About Sophon

Sophon is an entertainment-focused ecosystem built as a modular rollup leveraging zkSync’s ZK Stack technology. As a ZK chain leveraging the ZK Stack, Sophon is intended to be tailored for any high throughput applications such as artificial intelligence and gaming. Sophon facilitates the connection between developers and users, backed by a robust strategic collaboration with ecosystems like zkSync, Beam, Zentry, and Aethir.

Leveraging the ZK Stack, Sophon is positioned to become a leading provider in the entertainment and blockchain space, leveraging the most future-proof Ethereum L2 out there. Node operators can engage with a blockchain network designed to shape the future of entertainment and blockchain technology, ensuring a decentralized, efficient, and user-centric environment.

DigitMiner – Guide to Make Money with Cryptocurrency Bitcoin Mining 9262

Established in 2019, DigitMiner rapidly rose to prominence in the dynamic world of cryptocurrency bitcoin mining from its base in USA. DigitMiner’s mission has always been to maximize hashrate by employing cutting-edge AI technology, making DigitMiner a pioneer in efficiency, innovation, and sustainability in the Bitcoin mining space. DigitMiner’s unwavering commitment to these principles has not only fueled their growth, but also solidified their reputation as a pioneer in the cryptocurrency mining industry.

DigitMiner has always been at the forefront of providing cryptocurrency bitcoin mining solutions. Now, serving over 2,600K+ global customers, it has ramped up its efforts to democratize the mining industry. DigitMiner has introduced a series of affordable cryptocurrency bitcoin mining packages that eliminate the need for substantial upfront investments and technical expertise, making it easy for anyone interested in cryptocurrency mining.

New users are welcomed with an immediate $10 upon signup and enjoy automated daily payouts. DigitMiner’s offering spans a variety of crypto contracts and includes a robust affiliate program with 5% lifetime rewards. What’s more, all these services come with 24/7 online support and high-end security features, including DDoS and SSL protection systems, ensuring a secure mining environment.

With diverse investment options, DigitMiner has designed profit packages to suit every type of investor, ranging from the Basic mining package priced at $10 to the more premium Mining package for $6,400. These packages offer fixed returns and have specific validities, ensuring investors can capitalize on the rising popularity of various cryptocurrencies.

Cryptocurrency Packages

A major feature that distinguishes DigitMiner from other platforms is mining packages and profits. They make it easier for any user to indulge in the lucrative world of cryptocurrency mining by offering state-of-the-art blockchain technology and a user-friendly interface. The most prominent part of DigitMiner is to provide daily payout profit and users can withdraw quickly. Some of the most important packages include:

  1. Basic Mining: This contract is valid for 1 day and priced at $10. Its fixed return is $10.8
  2. Bitcoin Mining: This contract is valid for 3 days and priced at $100. Its fixed return is $100+$3.9
  3. Litecoin Mining: This contract is valid for 7 days and priced at $500. Its fixed return is $500+$56
  4. Dogecoin Mining: This contract is valid for 15 days and is priced at $1,200. Its fixed return is $1,200+$324
  5. Dashcoin Mining: This contract is valid for 30 days and is priced at $3,000. Its fixed return is $3,000+$1,710
  6. BitcoinCash Mining Mining: This contract is valid for 60 days and is priced at $6,400. It has a fixed return of $6,400+$7,680

“Mining cryptocurrencies shouldn’t be a luxury; it should be a possibility for everyone. We at DigitMiner are consistently pushing boundaries to make this a reality. Our affordable cryptocurrency bitcoin packages are a testament to our mission to democratize cryptocurrency mining, giving everyone a chance to join the crypto revolution without worrying about hefty upfront costs or technical complexities,” – Keith Robert, manager of DigitMiner.

DigitMiner’s secure, easy-to-use platform also allows users to withdraw their earnings effortlessly, making the cryptocurrency bitcoin mining journey seamless from start to finish. “Our commitment to security and convenience extends to our user-friendly interface, which even novice miners can navigate with ease,” says Keith Robert.

Furthermore, DigitMiner’s unique referral system allows users to invite friends and earn up to 5% commission on each successful referral purchase. This feature boosts users earnings and helps expand the community of DigitMiner users.

About DigitMiner

DigitMiner is a licensed cryptocurrency bitcoin mining company headquartered in Wyoming, United States. Launched in 2019, it owns professional Bitcoin mining rigs across industrial facilities in Kazakhstan, Iceland, Mongolia and Myanmar. DigitMiner stands out in the cryptocurrency bitcoin mining industry, serving over 2,600K+ individuals from all around the globe, providing an avenue for earning cryptocurrency.

Cwallet & Microcosm Labs Deepen Ties to Empower TON Growth 9469

The TON ecosystem is experiencing a surge in popularity, with its total value locked (TVL) reaching an impressive $407 million. Cwallet, a long-time supporter of the TON blockchain, is at the forefront of this innovation. Their deep partnership with Microcosm Labs and the success of their Lucky Box initiative solidifies Cwallet’s position as a leader in the TON landscape.

The success of the Lucky Box campaign in lash month extends beyond the initial program. Building on this momentum, Cwallet plans to integrate its versatile Lucky Box tool into a broader range of TON SocialFi and GameFi projects, injecting new dynamics and innovative gameplay into the ecosystem. This will further propel the growth of the TON ecosystem by fostering deeper engagement within these projects.

The Lucky Box campaign, a joint effort between Cwallet and Microcosm Labs, was a resounding success. Over 13,920 participants created Lucky Boxes, generating a staggering 160,000 redemptions. This initiative effectively promoted Cwallet’s capabilities and highlighted the TON ecosystem’s immense potential.

Cwallet’s commitment to the TON ecosystem goes even further. They intend to collaborate with TONUP, Microcosm Labs’ LaunchPad platform, leveraging their Lucky Box tools and expertise to boost engagement within TONUP’s diverse projects, such as PIG OF TON, MOMO AI, and BOOM UP.

As an early supporter of the TON blockchain, Cwallet has consistently championed the ecosystem’s development, and trusted by millions of users worldwide. Cwallet’s focus on security, usability, and rich functionality has brought a wealth of possibilities to the TON landscape.

Looking ahead, Cwallet is committed to deepening its partnership with Microcosm Labs, utilizing the “Move to TON Grants” program to develop innovative features and engaging activities. This dedication will further enrich the TON ecosystem while providing users an unparalleled experience. Cwallet remains a driving force behind the evolution and success of the TON ecosystem, explore their latest campaign now!

About Cwallet

Cwallet is a secure and versatile cryptocurrency wallet that supports over 50 blockchain networks and 800+ cryptocurrencies. Focusing on user experience and innovation, Cwallet provides a seamless and safe platform to manage their digital assets. The company’s commitment to collaboration and early integration with the TON blockchain has made it a leading player in the TON ecosystem.

HashKey Global Launches 2nd HashKey Launchpool: Earn ATH Tokens by Locking ATH & USDT 8942

HashKey Global will launch the second phase of the Launchpool project, Aethir (ATH), on June 11, 2024. Users can lock ATH or USDT to share a pool of 5,870,000 ATH. The locking period is 3 days, starting on June 11 at 02:00 (UTC), with rewards beginning to accrue on June 12 at 10:00 (UTC). Spot trading for ATH/USDT will commence on June 12 at 10:00 (UTC), and ATH withdrawals will be available starting June 13 at 10:00 (UTC). Participation requires KYC verification, and both deposits and withdrawals will be conducted via the ERC20 network.

The Launchpool offers two supported pools: ATH Pool and USDT Pool. The ATH Pool provides 1,837,000 ATH in rewards with a minimum locking amount of 100 ATH and a maximum of 260,000 ATH. The USDT Pool offers 4,033,000 ATH in rewards, requiring a minimum of 10 USDT and a maximum of 5,000 USDT. The Launchpool period runs from June 12, 2024, to June 15, 2024.

About HashKey Global

HashKey Global is the flagship global digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts, leverage, and staking.

For more details, please visit global.hashkey.com

XiraBot: Revolutionizing Trading with Dynamic Capabilities, Seamless Chat, and Inspiring Visual Generation 9656

XiraBot is set to transform the trading landscape with its groundbreaking technology, merging dynamic trading capabilities, seamless chat integration, and inspiring visual generation across multiple platforms. This press release provides an overview of XiraBot’s innovative features and functionalities, designed to empower traders, facilitate communication, and enhance the trading experience like never before.

Empowering Traders with Dynamic Trading

XiraBot equips traders with an array of powerful tools to execute trades with precision and efficiency. By leveraging advanced algorithms and real-time market data, XiraBot enables users to analyze market trends, identify profitable opportunities, and execute trades confidently. Whether dealing in stocks, cryptocurrencies, or forex, XiraBot empowers traders to stay ahead of the curve and capitalize on market fluctuations.

Enhancing Communication with Seamless Chat Integration

XiraBot’s advanced chat functionality allows users to engage in meaningful conversations and receive instant assistance from Xira AI. Whether users have questions, need advice, or want to connect with fellow traders, XiraBot provides intelligent responses and support. This feature enhances communication and fosters a sense of community among users, making the trading experience more collaborative and supportive.

Revolutionizing Visual Content with Effortless Generation

XiraBot sets a new standard in visual content creation with its effortless visual generation capabilities. Users can describe the image they envision and watch as Xira brings it to life with precision and creativity. From presentations to social media posts, XiraBot enhances visual storytelling across multiple platforms, allowing users to captivate their audience with stunning visuals effortlessly generated by AI.

XiraBot Token Presale Details

  • Token Name: XiraBot Token
  • Token Symbol: XIRA
  • Token Supply: 10 Million

Presale Allocation:

  • Presale Allocation: 44.6% (4.46 Million Tokens)
  • Liquidity Pool Allocation: 25.422% (2.5422 Million Tokens)
  • Ecosystem Development Fund: 29.978% (2.9978 Million Tokens)
  • Total Tax: 0%

For more information about XiraBot, its revolutionary features, and the upcoming token presale, please visit our website or join our community on Telegram and Twitter.

Website: https://www.xirabot.com/
Telegram: https://t.me/TheXiraBot
Twitter: https://x.com/TheXiraBot

Fund Your Gnosis Pay Card Using Bitcoin 10093

The Kinetex team is thrilled to announce its integration with Gnosis Pay, the world’s first on-chain self-custodial account that connects the traditional payment rails to Web3 rails.

This collaboration provides a straightforward and fast way to top up balances from Bitcoin, Ethereum, and other EVM-compatible tokens by swapping them to EURe via Kinetex’s Flash Trade. It enables users to fund the Gnosis Pay account seamlessly and, in turn, be able to spend their on-chain assets at any Visa merchant worldwide.

Kinetex’s Flash Trade is an intent-based trading protocol that leverages the power of ZK technology to ensure a seamless cross-chain trading experience. One of the most revolutionary features of Kinetex is its support for Bitcoin. By introducing BTCX, a ZK light client built with Succinct Labs’ infrastructure for programmable truth specifically for Bitcoin, the team was able to connect the first cryptocurrency to the ever-growing DeFi ecosystem.

Swapping via Flash Trade is instant, secure, and cost-effective thanks to the advanced ZK technology. This technology enables users to carry out transactions without the need for intermediaries, centralized validators, or complex smart contracts. The process is streamlined by implementing an intent-based approach that connects traders and market makers, making the latter responsible for ensuring liquidity, fast execution times, and low costs.

The integration between Kinetex and Gnosis Pay is set to change how crypto owners can use their assets, empowering them to spend crypto funds in their everyday lives. Together, Kinetex and Gnosis Pay contribute to accelerating both the mainstream adoption of crypto as a means of payment and the maturing of the DeFi industry.

About Kinetex

The integration of Bitcoin into the DeFi ecosystem marks a monumental development for the cryptocurrency industry. As the pioneer and most valuable cryptocurrency, Bitcoin has long been seen as a store of value. However, with the rise of DeFi, Bitcoin’s potential for use in financial applications has soared. In this transformative landscape, Kinetex is leading the way, expanding Bitcoin’s use cases and acting as a bridge between orthodox finance and the new world of DeFi, thus unlocking its full potential.

Contributors to Kinetex Network are actively working on broadening the list of supported networks. Their goal is to encompass over a dozen networks, including popular L1 ones like Bitcoin, Solana, Aptos, Sui, BounceBit, and Berachain. They are also in the process of connecting various L2 Ethereum networks, including ZkSync, Linea, Base, Scroll, and Blast. As for L2 Bitcoin networks, Merlin, Rootstock, Bitlayer, and others will be integrated soon. By increasing the number of networks users can access, Kinetex is breaking down the barriers between different chains, uniting the blockchain ecosystem and thereby significantly enhancing the global crypto user experience.