U.S. City Ephrata Ban on New Cryptocurrency Mining 2621

Ephrata joined the ranks of Grant County cities temporarily banning cryptocurrency development after the city council voted Wednesday to block new cryptocurrency operations for the next 12 months.

“A moratorium means taking a break,” council member Kathleen Allstot said. “This is a one year break. … We wait to see what’s going, make sure this fits in Ephrata and the Grant County (Public Utility District) has figured out how to get power to it.”

The vote for the moratorium was 6-1, with council member Matt Moore voting against. Mayor Bruce Reim did not attend Wednesday’s council meeting.

“The noise was like an ocean,” Donna Huesties, whose Nob Hill Drive home overlooks one of the city’s cryptocurrency operations, told the City Council. “And I tried to pretend it was the ocean, but that gets old, 24/7, 24/7, 24/7.”

Huesties’ husband Gary said the couple was simply not able to enjoy their backyard in the summer once the cryptocurrency miners turned on all their industrial air conditioners.

However, Moore was concerned that banning, even temporarily, a single industry from the city was outside the city’s expertise. Especially since the factors that determine the viability of cryptocurrency operations are beyond the city’s control.

“Economics will be the deciding factor,” Moore said. “If this is an economical business, and this is one of the ideal places to situate it, I don’t want to surrender any economic opportunity big or small.”

The moratorium will only block new cryptocurrency operations from locating in Ephrata, and has no effect on the four currently located in the city.

Cryptocurrency operations, which use computing power to crunch complex algorithms and “mine” digital currency units that are authenticated by blockchains (which attests to the currency unit’s legitimacy as well as currency holders and transactions over time), are attracted to the Columbia Basin because of the region’s abundant and inexpensive electricity.

However, cryptocurrency miners are criticized for using large amounts of power without providing significant numbers of jobs. A number of Grant Cities have imposed temporary bans on new cryptocurrency developments, and the Grant County PUD has created a new – and significantly higher – electricity rate for cryptocurrency firms.

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ZETA, A Cross Chain Solution, Will Be Listed on CoinW Exchange 56

CoinW, the world’s pioneering cryptocurrency trading platform, has listed ZETA, a public blockchain platform designed for cross-chain and omnichain smart contracts, on the Innovation Zone. For all CoinW users, the ZETA/USDT has been officially available for trading on September 23rd 2024, at 10:00 (UTC). To celebrate the listing of ZETA, a reward pool of 6,900 USDT has been launched.

Enabling Omnichain Smart Contracts and Seamless Cross-Chain Interactions

ZetaChain is a revolutionary public blockchain platform designed to enhance interoperability across various blockchain ecosystems, offering an omnichain smart contract framework that connects blockchains seamlessly, including those that do not support smart contracts like Bitcoin and Dogecoin.

With ZetaChain, decentralized applications (dApps) can operate across multiple blockchains, bridging the gap between different ecosystems. The platform’s cross-chain messaging system allows developers to build and deploy dApps that can manage and interact with assets across several blockchains without wrapping tokens or using complex bridges. It opens up new possibilities for DeFi, NFTs, DAOs, and other blockchain-based applications.

Key Features of ZetaChain:

Omnichain Smart Contracts: ZetaChain allows dApps to execute transactions and logic across multiple chains without the need for token wrapping or bridges, providing a smoother user experience and reducing complexity for developers.

Native Cross-Chain Capabilities: Unlike many other blockchains that rely on bridges or wrapping assets, ZetaChain enables the direct transfer and management of assets across blockchains. This functionality is powered by a secure, decentralized multi-party threshold signature scheme (TSS).

Universal Gas Asset: The ZETA token serves as a universal gas token, streamlining transactions by allowing users to pay fees across different chains with one asset, making cross-chain transactions faster and more efficient.

About CoinW

CoinW is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world’s most secure crypto exchanges. Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry.

About ZetaChain

ZetaChain is the first universal L1 blockchain. It serves as the base-layer of the decentralized internet, providing a platform for global access, simplicity, and utility across any blockchain. Zetachain’s Omnichain Smart Contracts on the Universal EVM are purpose-built for general chain abstraction across the entire crypto ecosystem. ZetaChain can connect to any blockchain, from Ethereum and Cosmos to Bitcoin and beyond, enabling unified liquidity, user experience, and data all from a single place. Universal Apps on ZetaChain are future-proof and have full compatibility with both existing and new chain integrations. With a proposed Universal Proof-of-Stake capability, ZetaChain supports staking of assets like native Bitcoin and Ethereum in exchange for rewards, powering unbounded scale for economic security.

AllDomains Launches .solana TLD, Offering 50% Revenue Sharing With the Solana Community 59

AllDomains, a leading name service provider enabling customizable top-level domains (TLDs) on the Solana blockchain, has officially launched the highly anticipated .solana TLD. As part of this initiative, 50% of all revenues generated from .solana domain sales will be shared with the Solana community, fostering deeper engagement and support for the ecosystem.

Bridging the Gap Between Web2 and Web3 with Domains

Web3 domains are transforming the way users and brands interact on the blockchain. By offering memorable, personalized addresses, they simplify wallet interactions, replacing the complex 15-character public keys provided by default. For brands, these domains turn community members into on-chain ambassadors, proudly representing brand identities across the rapidly growing Solana ecosystem.

AllDomains continues to innovate, bridging the gap between traditional web2 domains and web3 identities. With bespoke multi-chain identity solutions, the company is expanding services across SVM, EVM, and Move-based blockchains. The launch of the .solana TLD cements AllDomains’ position as the leading name service provider on Solana, enhancing their domain offerings while rolling out community-driven incentives.

Empowering the Solana Ecosystem

As Solana sees an influx of new users daily, with limited options to personalize their on-chain identities, the .solana domain offers a new way for users to claim unique names. To prevent domain squatting and ensure availability for new users, domains will be renewed annually.

Solana remains the fastest-growing blockchain ecosystem, with over 75.2 million active wallets and a year-high in Total Value Locked (TVL). AllDomains already powers branded domains for high-profile projects, including BONK, WEN, MonkeDAO, SuperTeam, and over 60 other TLDs. The hybrid web2 and web3 TLD, .id, is also a key part of AllDomains’ offering, in partnership with PANDI, helping to bring real-world assets (RWAs) to Solana’s NFT marketplaces.

Additionally, AllDomains is integrated with some of Solana’s most popular wallets and decentralized applications (dApps), providing seamless accessibility to its services. A complete list of integrations is available on their website.

“We believe this initiative will not only enhance the user experience on Solana but also for the first time in Web3 we are able to share the success of a TLD directly with our community” said Claudio, Co-founder at AllDomains

How to Claim Your .solana Domain:

  1. Visit AllDomains’ official .solana page.
  2. Search for your desired domain name.
  3. Purchase the domain using a Solana wallet.

About AllDomains:

AllDomains is a leading name service provider that allows users to create customizable top-level domains (TLDs) on various blockchains, including Solana, SVM, EVM, and Move-based chains. Focused on bridging the gap between web2 and web3 domains, AllDomains provides users and brands with a seamless identity layer, empowering them to personalize and control their on-chain presence. With a wide portfolio of branded domains and a growing list of partnerships, AllDomains is revolutionizing how communities engage with blockchain technology. For more information, visit www.alldomains.id.

YouHodler Expands Web3 Fintech Innovation with the Launch of Native Utility Token $YHDL 73

YouHodler, a Swiss and EU-based Web3 fintech platform, is excited to announce the upcoming launch of its native utility token, $YHDL. Set to transform the YouHodler ecosystem, $YHDL will provide users exclusive rewards, reduced trading fees, and an enhanced experience across the platform.

The launch of $YHDL marks another milestone in YouHodler’s mission to bridge Web3 and traditional finance for all. Starting now, users in eligible countries can participate in the Airdrop campaign to earn $YHDL tokens by completing various tasks. By the end of 2024, $YHDL will be publicly listed on multiple online crypto exchanges.

Key Features of the $YHDL Token

  • Higher APYs: Starting as early as Q4 of 2024, $YHDL token holders will be able to obtain high APY on the $YHDL token depending on their loyalty level.
  • BTC Mining: Users can exchange their $YHDL tokens for Sparks (in-app points) and use them to mine BTC in YouHodler’s flagship BTC Cloud Miner. 
  • Future Perks: Moving forward, referral payouts will also be available in $YHDL tokens, along with a cashback feature for YouHodler’s upcoming Debit Card.

Airdrop Campaign

Starting now, users can complete tasks on platforms such as Zealy to earn a hefty token airdrop.

“The launch of $YHDL underscores our commitment to creating a Web3 financial ecosystem that’s accessible to everyone,” said Ilya Volkov, CEO and co-founder of YouHodler. “With $YHDL, we are not only providing exclusive rewards and innovative features for our community, but also shaping the future of Web3 finance for all.”

The official Token Generation Event (TGE) for $YHDL will take place following the completion of the Airdrop campaign.

About YouHodler

YouHodler is a Swiss and EU-based Web3 platform providing innovative fintech solutions that bridge fiat and crypto financial services with simplicity, efficiency, and transparency. Its comprehensive suite of offerings includes crypto-backed loans, crypto reward accounts, innovative crypto multiplication engines, and universal currency exchange. While user-friendly and intuitive for everyday consumers, the full-service platform is also progressive enough to conduct advanced strategic trading in the crypto market.

Beauty of Blockchain: Next Smart Investment in $VATO from vanitis 71

vanitis is now boosting the beauty industry by integrating blockchain technology with its sustainable vegan products. The $VATO project’s captivating investment options are now open to the public. They include passive income and revenue sharing. These beautiful opportunities enhance consumer engagement via innovative platforms like vaniVERSE and STAKEtis. $VATO tokens presume direct investing in the future of ethical beauty.

The benefits are obvious and substantial for those considering holding $VATO. vanitis has scheduled a comprehensive roadmap that includes everything from the launch of its tokenized Loyalty Program to the development of the vaniVERSE. It is a metaverse platform where beauty enthusiasts can explore, learn, and shop in a mesmerizing digital environment.

vanitis possesses a staking platform called STAKEtis, where token holders can earn rewards simply by locking their tokens. Moreover, there are few extra NFT assets that offer additional benefits. Owning vaNFTs can boost multiple rewards, creating a rich ecosystem of engagement and financial growth.

About vanitis

vanitis is an enlightened cosmetics company founded by Markus and Sabrina. The brand has a clear mission: to create sustainable, vegan, and cruelty-free beauty products that resonate with conscious consumers. The company spreads its avant-garde approach to blending ethical beauty with blockchain technology. This move is both bold and forward-thinking.

vanitis has ambitious plans to expand its presence in the UAE, MENA, and US markets. The brand is focused on increasing exposure and capturing a larger share of the growing crypto audience. The roadmap includes the launch of the vanitis Makeup Academy, which will offer blockchain-integrated education for aspiring makeup artists. It is a unique initiative that aligns with the brand’s mission to educate and encourage talents.

The company ties the success of its blockchain solutions directly to its physical product sales. This means that $VATO holders can expect to see a share of the net revenue as vanitis grows and sells more products. This is an exciting prospect that adds tangible value to holding the $VATO tokens.

***

Fans of beauty can get acquainted with the company’s roadmap and visit the official website for more information. Even more details are available at the following media sources:

LinkedIn: https://www.linkedin.com/company/vanitis-cosmetics
Twitter: https://x.com/vanitis_CRYPTO
Telegram: https://t.me/vanitis_official
Instagram: https://www.instagram.com/vanitiscrypto/
Facebook: https://www.facebook.com/vanitis.cosmetics
Youtube: https://www.youtube.com/@vanitisCRYPTO
Discord: https://discord.com/channels/vanitis.crypto
Medium: https://medium.com/@vanitis_crypto

$LABRA Emerges as a Memecoin, Paving the Way All-in-One Multi-Chain DEX 85

In the crypto realm, Labrador unveils $LABRA, a loyal crypto companion on all in one multichain DEX. $LABRA is the ultimate meme token inspired by the beloved Labrador Retriever. In the world of cryptocurrency and blockchain, memecoins stand as a unique and creative expression within this space. With its distinctive features and characters, $LABRA in steps into the limelight, allowing it to harness the growing enthusiasm for memecoins and channel it towards a transformational journey.

In addition, $LABRA is a symbol of loyalty, playfulness and its friendly nature. It brings the spirit of innovation and untapped potential and is ready to rejuvenate the memecoin community through its commitment to community-driven development. Moreover, the innovative memecoin ensures passive income. This level of transparency empowers the community as well as underscores the determination to develop trust and credibility within the crypto industry.

Including more, by aligning forces with the beloved Labrador Retriever, $LABRA positioned itself to maximize the true potential of both coins. The memecoin serves as a testament to the crypto industry’s evolution, where both focus on collective growth and development. In terms of innovation, $LABRA integrates a variety of features that elevate its status in the memecoin landscape. Its taxes round about 5% where 3% goes to marketing and 1% goes to liquidity and 1% goes to BUSD rewards to all holders.

Furthermore, as the memecoin market continues to evolve, $LABRA is poised to capitalize on its momentum guided by community engagement and innovation as well. This innovative memecoin marks a significant sign in the cryptocurrency landscape for both seasoned enthusiasts and newcomers.

About $LABRA:

$LABRA, a captivating leading player in the crypto world. The memecoin has emerged as a beacon of innovation. It’s not the memecoin only, it’s a community driven project built on the foundation of fun, positivity and the shared love for one of the world’s adored dog breeds.

CMC: https://coinmarketcap.com/currencies/labrador/
BUY: https://pancakeswap.finance/swap?inputCurrency=BNB&outputCurrency=0xf8f7E072A2234Ead5208c3b02A533aeB7285F911
CHART: https://www.dextools.io/app/en/bnb/pair-explorer/0xa8e7f420814aae4d1ae937120656878c82f96d36?t=1725871768467
Telegram: https://t.me/LabraToken
Website: https://labratoken.com/
Twitter: https://x.com/Labra_Token

RWA giant Rexas Finance (RXS) launches token presale, Stage 1 sells out in under 96 hours 95

The financial market is continually evolving owing to the disruptive nature of blockchain technology. Excluding the competitive landscape leading to the emergence of Rexas Finance (RXS) cutting-edge solutions to solve inefficiencies in the management of real-world assets (RWA). The presale for the overhyped token was finally put out and the first stage which was opened to early investors sold out in less than 96 hours much to their relief. Such a rapid sell-out hints at the demand which is increasingly overstuffed on RWA tokenization and seems to insinuate the scope Rexas Finance can create while improving both blockchain and conventional asset markets. A rising number of investors looking to the new burgeoning market that is being offered by tokenized real-world assets led to the presale of Rexas Finance and its success is inevitable. However, what is the reason for such a high demand, and what is so interesting about the platform that both retail and institutional investors are keen on?

Understanding RWA tokenization

Before going further in attempting to explain what is so interesting about Rexas Finance, it is useful to note the idea behind RWA tokenization. In layman’s terms, RWA tokenization is the process where real-world, vertical assets like real estate, commodities, and other physical items are digitized through a blockchain ledger. These tokens are a specific percentage of the whole asset in other physical forms which tend to expand accessibility, efficiency, and growth of the given market among others. There was always a need for a big investor’s check while buying either property or artwork. The appeal of anything like investing was generally absent for people like the average John. The tokenization feature changes this notion by allowing fractional ownership of these assets thus enabling investors to buy a fraction of the expensive assets. This not only opens more people to investment opportunities than before but also improves the ease with which the assets can be traded.

Rexas Finance: Fairly comprehensive solution for RWA pain points

As Rexas finance is aimed to solve the problems faced in typical RWA management, it brings the advantages of a blockchain-based RWA management system wherein smart contracts, DeFi and AI facilitate the management of Real World Assets. The platform is embedded with advanced features and a user-friendly interface that enables all classes of people and organizations to tokenize their assets and delve into the expanding RWA ecosystem effortlessly.

Some of the features that provide a competitive edge to Rexas Finance are:

  • Rexas launchpad: Rexas Finance’s IDO or token launchpad comprises those capable of raising funds via the launching of asset-backed tokens with ease. This can also be benefited by startups, businesses, and individual creators who of late want to raise capital by selling virtually owned fractions of pieces of assets in the form of tokens, thus offering them a new wealth creation opportunity.
  • Enhanced security through AI audits: Since most investors shy away from projects due to their concern of blockchain security, Rexas Finance has taken further steps by employing auditors that do AI-driven smart contract audits to reveal any gaps in the platform’s code. This guarantees secure transactions of tokens and other assets as well as total protection of the tokenized assets.

A new chapter for Rexas Finance

As the initial presale stage’s goals have been met and exceeded, the focus now shifts to what Rexas Finance will do next. The second presale is envisaged to sell at a higher price as increased demand is anticipated due to the rapid growth of the platform. The second stage will likely be completed in the blink of an eye because, in the initial stage itself, people, investors, and the like are fascinated to the extent of forgetting the goal of achieving cost efficiency. This, coupled with the widening of the platform’s ecosystem and the launch of other developments indicates that it is only a matter of time before Rexas Finance becomes competitive in the blockchain and RWA sector. There are investors who were lucky to buy tokens during the first presale stage and investors have already started realizing the value of that investment. Investors who missed out will be watching the next stage very carefully as it approaches.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance