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21 03, 2024

BlockDAG Shines with a $6.3 Million Presale, Outshining Solana’s DeFi Boom and Dogecoin’s Buzz

By |2024-03-21T22:48:59+02:00March 21, 2024|Forex News|0 Comments


 

BlockDAG Shines with a .3 Million Presale, Outshining Solana’s DeFi Boom and Dogecoin’s Buzz

In the crowded court of cryptocurrencies, BlockDAG (BDAG) is smashing all the attention with its impressive $6.3 million presale, netting developments in Solana’s DeFi space and the buzz around Elon Musk’s Dogecoin forecasts. BlockDAG games on, marking a significant shift in the cryptocurrency altcoin’s sector, taking the lead within this market’s competitive nature.

Solana’s DeFi Ecosystem Reaches New Milestones

Solana’s DeFi ecosystem is on an impressive growth trajectory, achieving unprecedented milestones with its decentralized exchanges seeing trading volumes soaring past $3.6 billion. SOL is now trading for $189. This surge is attributed to its low transaction costs and the growing appeal of meme coins. Solana’s efficiency and popularity have occasionally placed it ahead of Ethereum’s DeFi platforms, showcasing its robust growth and potential.

Elon Musk’s Influence on Dogecoin’s Valuation

The impact of Elon Musk’s comments on Dogecoin (DOGE) is unmistakable, with the cryptocurrency experiencing a 15% price jump following his hint at Tesla’s potential DOGE acceptance. This spike, though temporary, underscored Musk’s considerable influence on Dogecoin’s market value. His comments spurred widespread speculation, fueling predictions of a significant price rise for Dogecoin, potentially reaching the $0.25 milestone.

BlockDAG’s Bold Aspirations in Blockchain Innovation

BlockDAG is swiftly progressing in the blockchain sector, aiming to redefine the financial landscape. With its successful presale and ambitious goals highlighted in its recent Shibuya Crossing video keynote, BlockDAG is poised to climb the ranks of leading cryptocurrencies. It raised an impressive $6.2 million quickly, reflecting the market’s strong interest and the investors’ confidence in its potential.

The project is focused on overhauling the financial ecosystem, aiming to influence everything from everyday transactions to comprehensive DeFi protocols. Market analysts are optimistic, predicting a substantial value increase post-launch. BlockDAG invites investors and miners to join its journey towards a decentralized future, promising a significant impact on the blockchain industry.

The Shibuya, Tokyo reveal of the keynote highlighted the various passive income streams the new network provides, is saying its high-efficiency range of miner devices, able to mine up to 2,000 BDAG coins per day, the X1 mining app that enables users to carry a whole rig inside pocket, and obviously the potential 5,000X returns. BlockDAG’s team had already previously made public the brand’s roadmap of raising $600 million until the end of 2024, something seen by crypto experts as perfectly tangible according to the current pace of growth.

BlockDAG: Setting a New Standard in Crypto Innovation

BlockDAG is fast becoming a prominent figure in the cryptocurrency world, with its notable presale success. It stands as a strong competitor, challenging established players and reshaping market expectations previously influenced by Elon Musk’s Dogecoin commentary. With its commitment to security, scalability, and innovative financial solutions, BlockDAG is strategically positioning itself for a bright future in the digital currency sphere, aiming to redefine investor expectations and spearhead the next evolution of blockchain technology.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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21 03, 2024

Coinbase’s Top Lawyer Defends Ethereum Against Attack

By |2024-03-21T22:33:32+02:00March 21, 2024|Forex News|0 Comments


Contents

Paul Grewal, chief legal officer at Coinbase, has taken to X (formerly Twitter) to debunk some misinformation surrounding Ethereum (ETH).

Grewal, who has served as the exchange’s CLO since August 2020, has noted that millions of Americans own the largest altcoin. Furthermore, he has stressed the cryptocurrency’s significance for the broader cryptocurrency ecosystem. 

Conflicting views 

According to Fortune, the U.S. Securities and Exchange Commission is attempting to classify Ethereum as a security. As part of its aggressive campaign, it has slapped multiple companies with subpoenas. 

Prior to that, Coindesk revealed that the Ethereum Foundation was under investigation by a state authority.      

However, as Grewal has pointed out, Gensler himself had previously stated that Ethereum was not a security. 

Bill Hinman, the former director of the SEC’s corporation finance division, has famously recognized Ethereum as a non-security (but not without controversy). Moreover, the SEC’s own lawyers have compared the second-largest cryptocurrency to Bitcoin (which has been repeatedly recognized as a commodity by the SEC). 

Backlash in Congress

Congressman Patrick McHenry (NC-10) has also taken aim at Gensler following the recent reports about the SEC’s attempts to unilaterally classify Ethereum as a security. 

According to McHenry, this contradicts the Commodity Futures Trading Commission’s stance on this matter. “Congress decides the SEC’s jurisdiction and budget, Chair Gensler doesn’t get to make it up as he goes along,” he said. 

During a 2023 congressional hearing, McHenry slammed Gensler over the supposed lack of clarity in the marketplace. However, Gensler has repeatedly refused to share his views on the second-biggest cryptocurrency by market cap.         





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21 03, 2024

Video: What’s next. Market trends and strategies in the big macro picture

By |2024-03-21T21:46:57+02:00March 21, 2024|Forex News|0 Comments


I spoke with Dale Pinkert at Forex Analytix yesterday ahead of the Fed decision and correctly sussed out a dovish market reaction, though it came quicker than I expected.

I discussed discussed the impact of fiscal spending, the potential for economic slowdown, and strategic investment opportunities, particularly in commodities and technology.

Some other points I made:

  • Fiscal Spending and Economic Cycle: I see the U.S. government’s current fiscal spending, especially in tech and infrastructure, as a short-term economic booster. However, I anticipate a slowdown around 2026 when this spending decreases. This will likely force tough choices on spending cuts or tax hikes, impacting economic growth.
  • Commodity Markets: I’m bullish on commodities like copper, driven by a lack of mining investment and rising demand from sectors such as electric vehicles and renewable energy. I expect copper prices to surge due to these supply and demand dynamics.
  • Energy Transition and Investment: In the energy sector, I find the shift towards cleaner energy sources both challenging and full of opportunities in mining. I’m particularly optimistic about innovative natural gas technologies and their potential to reshape the energy market.
  • Technological Advancements: The growth potential in technology-driven sectors, especially those leveraged by artificial intelligence and data center expansion, excites me. I foresee significant growth opportunities in these areas.
  • Market Dynamics and Opportunities: I believe in staying adaptable to market shifts, with strategic investments in technology, commodities, and energy poised for substantial returns as the economic landscape evolves.



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21 03, 2024

Discover the RTC7 (Run Tu Coin) Listing on XT.COM

By |2024-03-21T21:17:02+02:00March 21, 2024|Forex News|0 Comments


Singapore, March 21, 2024 (GLOBE NEWSWIRE) —
XT.COM, the world’s first socially infused trading platform, is thrilled to announce the listing of RTC7(Run Tu Coin) on its platform in the Innovation zone (DeFi) and the RTC7/USDT trading pair started from 2024-03-11 11:17 (UTC).

About RTC7

RTC7 is a BEP-20 token deployed on the BNB layer-1 blockchain with a max supply of 70 thousand tokens. RTC7, the community token born out of the Web3 Investment DAO, stands as a beacon of empowerment within the digital asset landscape. Inspired by the iconic Chinese cultural figure Run Tu, RTC7 encapsulates the valiant spirit of youth, fostering a synergy between traditional cultural values and cutting-edge blockchain technology. Launched on the BNB Chain, RTC7 symbolizes a bridge between heritage and innovation, aiming to enrich the global digital ecosystem. RTC7 embodies a commitment to Web3 investment, serving as a catalyst for ecosystem development. Utilizing a focus on diversified investments, RTC7 empowers stakeholders to explore new avenues of growth while fostering consensus and value within the community. Through efficient operations led by the Alpha Blockchain Foundation and supported by leading institutions, RTC7 ensures a robust framework for sustained progress. The global outreach of RTC7 extends far beyond geographical boundaries, with over 100 communities and 100,000 active users participating in its ecosystem. This widespread engagement not only amplifies the reach of RTC7 but also underscores its commitment to inclusivity and collaboration. By leveraging top-tier resources and synchronized promotion efforts, RTC7 continues to strengthen its position as a leading force in the digital asset landscape, driving innovation and prosperity for all. Albin Warin, CEO of XT.COM,  commented on the listing of RTC7 on the exchange, highlighting its significance within the digital asset landscape. In a statement, Warin remarked, “We are thrilled to welcome RTC7 to our platform, as it represents a unique fusion of cultural heritage and blockchain innovation. The RTC project exemplifies the transformative potential of bridging traditional values with cutting-edge technology, empowering users to participate in diversified investments and shared growth.” 

About Run Tu Coin

The Run Tu Coin (RTC7) project represents a pioneering effort to fuse Chinese cultural heritage with the transformative potential of blockchain technology. Centered around the iconic figure of Run Tu, RTC seeks to empower cultural innovation and digital assets, ushering in a new era of synergy and collaboration. Rooted in a rich tapestry of tradition, RTC paves the way for diversified ecosystem investments and sustainable growth. Driven by a dedicated team and guided by the principles of efficiency and excellence, the RTC project is poised to make a lasting impact on the digital asset landscape. Spearheaded by the Alpha Blockchain Foundation and supported by leading institutions, RTC combines expertise with innovation to chart a course towards success. By forging strategic partnerships with top blockchain projects globally, RTC fosters a network of collaboration that fuels ecosystem growth and prosperity. The RTC project offers participants a gateway to diverse earnings and shared rights, empowering stakeholders to contribute to the positive growth of the ecosystem. Through participation in RTC diversified farms and syrup pools, users can access high-quality project tokens and valuable assets, with the potential to earn attractive APR rewards exceeding 200%. The RTC DAO serves as the cornerstone of Web3 investment, the RTC project stands as a testament to the transformative power of cultural synergy and digital innovation. Website: rtc.finance/#/
Twitter: twitter.com/runtucoin
Telegram: t.me/runtucoin

About XT.COM

Founded in 2018, XT.COM serves more than 6 million registered users, over 500,000+ monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is crypto futures trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as copy trading that allows users to replicate top traders in real time with just one click. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.

Website: www.xt.com
Twitter: twitter.com/XTexchange
Telegram: t.me/XTsupport_EN
Contact Details:
Run Tu Coin (RTC7)
guonawinter@gmail.com

XT Exchange
Bella Wei
Email address: Listing@xt.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.





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21 03, 2024

Dogecoin Just Made Another Major Step Toward Mainstream Adoption

By |2024-03-21T21:00:39+02:00March 21, 2024|Forex News|0 Comments


Coinbase Derivatives is on track to launch regulated futures for Dogecoin as well as several other altcoins (Litecoin and Bitcoin Cash), according to a letter sent to the CFTC. The new futures products will debut on April Fool’s Day.   

The Dogecoin futures contract is based on the Market Vector Coinbase Dogecoin Benchmark Rate (“Index”), which tracks the price of the meme coin on Coinbase. 

The index is regulated by the German Federal Financial Supervisory Authority (“BaFin”). It is worth noting that Coinbase secured its first cryptocurrency license back in June 2021. 

Each Contract represents 5,000 DOGE. Coinbase will set the position limit to 20,000 DOG futures, which is equivalent to 100,000 DOGE. 

Dogecoin is currently trading at $0.15 on major spot exchanges, according to data provided by the CoinGecko platform. 

Dogecoin (DOGE) was originally brought to life by Billy Markus and Jackson Palmer in December 2013. It quickly gained traction because of its vibrant community.

In 2021, the price of the meme coin exploded because of endorsements from various prominent celebrities, including none other than Tesla boss Elon Musk. 

Coinbase, the top US exchange, initially unveiled its plan to launch a derivatives exchange last May. In June, it announced that it would offer institutional Bitcoin and Ethereum futures. 

In August, Coinbase managed to obtain regulatory approval to be able to offer cryptocurrency futures to US investors. 

Derivatives account for the vast majority of daily trading volume on digital currency markets, according to data provided by CoinGlass.  





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21 03, 2024

Nasdaq fades as Apple shares sink

By |2024-03-21T20:14:07+02:00March 21, 2024|Forex News|0 Comments


The Nasdaq has given up some of its gains as shares of Apple continue to lose ground. They’re down 4.2% on a DOJ anti-trust suit today and weighing on the broader market.

The Nasdaq Composite hit an all-time record today at 16,538 but it’s sagged back to 16,431, up about 0.4%.

Nasdaq Comp daily

Keep an eye on bitcoin as well, it’s been a great indicator for tracking changes in sentiment and it’s now down 2.2% and at the lows of the day.

I’d expect the next big move comes on tomorrow’s US PCE report. The consensus is for a 0.3% m/m rise.



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21 03, 2024

Thala partnership empowers Movement with DeFi features — TradingView News

By |2024-03-21T19:46:23+02:00March 21, 2024|Forex News|0 Comments


Thala, a Move-based decentralized finance (DeFi) platform, announced today its deployment on Ethereum’s layer-2 (L2) blockchain Movement. Movement is the first L2 combining the Move programming language with the Ethereum Virtual Machine (EVM), and now will be powered by Thala’s decentralized exchange (DEX), stablecoin, liquid staking, and token launchpad services.

Thala’s Automated Market Maker DEX, Thala Swap, is at the heart of its offerings, providing efficient swaps and deep liquidity through various pool types. The Move Dollar ($MOD), an over-collateralized stablecoin, and $sthAPT, a liquid staking solution, are key components of Thala’s suite, which will now extend their functionalities to the M2 DeFi ecosystem.

“We are excited to announce our expansion to Movement and our deployment on Movement’s M2, the first MEVM (Move + EVM) ZK L2,” said Adam Cader, Co-Founder of Thala Labs. “By leveraging the existing Aptos codebase, which is already powering more than $200 million in TVL, we can tap into new EVM users and liquidity. This will help us capture more markets with the safety of Move.”

Moreover, Thala is incubating Move-focused DeFi projects, such as Aptos’ money market Echelon Markets, and they can potentially expand to Movement as both entities are “trategically aligned to grow the Move ecosystem”, according to the announcement.

“Thala is the leading Move DeFi protocol with a suite of apps designed to provide the best user experience: speed and security,” stated Rushi Manche, Co-Founder of Movement Labs. “With its expansion to the Movement network, Thala will be able to tap into the broader Ethereum and EVM liquidity base and grow its reach beyond just Move while serving as a core protocol for the Movement ecosystem,” he concludes.

Disclaimer: This article was crafted with the assistance of artificial intelligence (AI) tools.



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21 03, 2024

Broadridge Partners With Baader Bank AG on Regulatory Reporting LeapRate

By |2024-03-21T19:27:42+02:00March 21, 2024|Forex News|0 Comments


Baader Bank AG has enhanced its approach to regulatory compliance by forming a strategic alliance with Broadridge Financial Solutions, Inc. (NYSE: BR), a leader in global fintech. This collaboration leverages Broadridge’s sophisticated platform for regulatory trade and transaction reporting.

The partnership will see Baader Bank adopting Broadridge’s advanced reporting platform to navigate the complex regulatory landscape of multiple jurisdictions, including MiFID, FinfraG, EMIR, and SFTR.

Already a user of Broadridge’s front and middle office solutions, Baader Bank provides its clients with diverse financial instruments, such as equities, bonds, derivatives, and ETFs. Ben Cooling, Broadridge’s General Manager of Regulatory Transaction Reporting Solutions, emphasised the role of their platform and expertise in elevating Baader Bank’s risk management and compliance capabilities.

This collaboration is set against increasing regulatory challenges for financial institutions. Broadridge’s solution is designed to offer Baader Bank, which boasts a workforce of about 550 employees across various financial services sectors, a more integrated and efficient approach to regulatory reporting.

Cooling expressed pride in Broadridge’s role as the technology partner of choice for global financial institutions aiming to streamline and innovate their trade lifecycle processes.

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Broadridge has expanded its partnership base and revenue channels. The company reported a 9% increase in its total revenue for the second quarter, amounting to $1,405 million, reflecting its successful strategy in securing new partnerships and revenue opportunities.

The company saw a significant increase in recurring revenues, which climbed to $899 million, up 7% from the previous year. Even when adjusted for constant currency fluctuations, this growth rate stands at 6%, highlighting Broadridge’s resilience in varying market conditions.

Continuing its market expansion efforts, Broadridge recently launched a derivatives trading technology platform for institutional clients, focusing on futures and options. This service, offered as software-as-a-service, caters specifically to the Futures Commission Merchant community and signifies a notable expansion of Broadridge’s service portfolio.

Additionally, Broadridge has bolstered its executive team by appointing Chad Alderson as General Manager for Global Technology and Operations in Canada. With a rich history in financial services, Alderson is poised to lead Broadridge in revolutionising its wealth management and capital markets solutions.



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21 03, 2024

Dollar gains on risk sentiment, Swiss franc falls on surprise SNB cut By Reuters

By |2024-03-21T18:41:54+02:00March 21, 2024|Forex News|0 Comments


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© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

2/2

By Herbert Lash and Joice Alves

NEW YORK/LONDON (Reuters) -The dollar rose on Thursday as the strength of the U.S. economy and high interest rates along with a surprise move by the Swiss National Bank (SNB) to cut interest rates bolstered risk sentiment and the global appeal of the greenback.

Sterling slid after the Bank of England (BoE) kept its benchmark interest rate on hold as expected. But after the Federal Reserve declined to project a restrictive policy stance on Wednesday, clouds lifted on the U.S. economic outlook.

The SNB’s loosening of monetary policy suggests inflation is under control and other central banks will soon make their policies more accommodative, which has boosted the dollar, said Karl Schamotta, chief market strategist at Corpay in Toronto.

“The U.S. does remain the only game in town in global markets offering higher yields, in nominal and real terms, than any of the other major economic blocks,” he said.

“The flow of currency into the United States remains essentially unstoppable at this point given the optimism around where the U.S. economy is headed.

The , a measure of the U.S. currency against six major trading partners, rose 0.60%. The euro fell 0.39% to $1.0875.

The BoE’s interest rate setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% as the two officials who had previously called for higher rates changed their stance.

Governor Andrew Bailey said there had been “further encouraging signs that inflation is coming down” but he also said the BoE needed more certainty that price pressures in the economy were fully under control.

Sterling was last 0.7% lower on the day at $1.2697.

The BoE’s decision came a day after data showed inflation fell to its lowest level in almost two-and-a-half years – even if it remains higher than the bank wants.

The Swiss franc fell sharply against the dollar and sank to its weakest point since last July against the euro, after the SNB unexpectedly cut rates.

The euro climbed against the Swiss franc to 0.979, the most since July 2023. It was last up 0.90% to 0.977. The dollar rose 1.32% against the Swiss franc to 0.8986 as the Swiss currency hit its lowest since November.

The SNB cut its main interest rate by 25 basis points to 1.50%, making it the first major central bank to dial back tighter monetary policy aimed at tackling inflation.

A majority of analysts polled by Reuters had expected the SNB to keep rates on hold. It was the bank’s first rate cut in nine years.

“It’s the first central bank in the developed world to ease, so that shows the direction where the others are going,” said Jan Von Gerich, chief analyst at Nordea.

The Turkish lira rallied 0.8% to 32.13 against the dollar after weeks of steady declines, as Turkey’s central bank unexpectedly raised its key interest rate by 500 basis points to 50% on Thursday, citing a deteriorating inflation outlook and pledging to keep a tight stance until there is a significant and sustained drop in the trend.

The yen steadied against a strengthening dollar as it drew some support from expectations of further rate hikes from the Bank of Japan later this year and some jawboning efforts from Japanese government officials.

The dollar was last 0.15% higher against the yen at 151.465, after the Japanese currency rallied in Asian trading and reversed some of its heavy losses in the wake of this week’s BOJ policy shift.



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21 03, 2024

Defi Llama Confirms Rootstock As The First And Biggest Bitcoin Sidechain

By |2024-03-21T18:15:24+02:00March 21, 2024|Forex News|0 Comments


[PRESS RELEASE – London, United Kingdom, March 21st, 2024]

Capping a busy period for the cryptocurrency sector, the first and longest-standing Bitcoin sidechain, Rootstock (RSK), is seeing renewed momentum after a recent surge of developer activity, integrations and dApp launches 

  • DeFi Llama has ranked Rootstock at the forefront of Bitcoin sidechains in terms of total value locked (TVL), boasting over half of the entire value stored within Bitcoin sidechains.
  • Rootstock ecosystem was further enhanced with the addition of Symbiosis and Mean Finance for improved cross-chain swaps across many of the leading chains, Router Nitro for fluid asset transfers. SolidityScan for smart contract audits, and Asami, a groundbreaking dApp that helps web3 content creators monetise their social activity.
  • The latest Build on Bitcoin event hosted by the Rootstock community will be held in Lisbon, Portugal, on 21st March from 7pm onwards at Poolside, Portugal’s leading web3 accelerator.

It’s been hard not to notice Bitcoin’s continued resilience, with its price currently reaching an all time high of $73,000 showcasing its sustained appeal and growing investor confidence. While external validation like this is always reassuring, internal developments within the Bitcoin blockchain are perhaps the most exciting thing happening in cryptocurrency.

New developments in the world of Bitcoin layer-2 networks have refocused attention on the incredible potential to expand functionality across Bitcoin. In an exciting development for the blockchain, Rootstock was recently ranked first by DeFi Llama, the largest TVL aggregator for decentralized finance (DeFi) in terms of TVL in Bitcoin sidechains. The platform found Rootstock had over 50% of all value locked in Bitcoin sidechains, affirming its status as the clear leader in this space.

Since launch, the Turing-complete sidechain has helped hundreds of apps to be built on top of Bitcoin, while making transactions cheaper, faster, and more scalable. Secured by over 60% of the hash power of Bitcoin through its merge mined consensus mechanism, Rootstock is considered the most secure smart contract platform in the world.

As the first and largest Bitcoin sidechain, Rootstock integrates with key players like Uniswap and Router Protocol and has achieved a remarkable 100% uptime throughout its lifetime. The incredible innovation has enabled developers to build cutting-edge products and services secured by Bitcoin well before this recent upturn. This includes the Bitcoin collateralized stablecoin protocol, Money on Chain, the Decentralised Exchange Sovryn and Tropykus, a lending and borrowing protocols focused on helping small businesses across Latin America access fairer and more equitable funding. Asami, a recent dApp to launch on Rootstock mainnet allows content creators to monetise their efforts in a truly decentralised way.

In the past month, a wave of projects and updates have been announced by the Rootstock community including a revamped Rootstock Explorer, the integration of Symbiosis and Mean Finance for simplified cross-chain swaps, a successful governance vote for Uniswap V3 to be deployed on Rootstock, the integration of Router Nitro for efficient asset transfers and the inclusion of RBTC in SafePal’s wallet suite. A number of third-party block explorers such as Blockscout and 3xpl have also added support for Rootstock.

The next major milestone for Rootstock will be the anticipated release of the Arrowhead 6.0.0 upgrade which includes a number of key Rootstock Improvement Proposals (RSKIPs) proposed by the community of developers contributing to the network. These upgrades are focused on increasing Ethereum compatibility and reducing transaction costs. Arrowhead will go live on April 3, 2024, at the #6,223,700 block. Ahead of this it is expected that the core contributors to the network will also share a roadmap of proposed improvements to the network for 2024 focused on further trust minimisation and the integration of cutting edge technologies to ensure Rootstock remains as a leader in the Bitcoin L2 space.

One of the key drivers of growth of Rootstock has been its ability to attract solidity developers from other leading blockchains such as Ethereum due to its compatibility with the Ethereum Virtual Machine (EVM) facilitating a seamless transition to a platform that combines Bitcoin’s security with Ethereum’s functionality. Today Rootstock is the only EVM compatible Bitcoin sidechain live and battle tested on mainnet. The Bitcoin sidechain has gone from strength-to-strength since launch with over 2,700 Bitcoin locked in its 2way Peg and over $250m of value deployed across the various dApps live on the network. Rootstock recently experienced its highest ever transactions in a single day at the end of 2023 and active users continue to grow daily. Supported by an incredible community of developers, Rootstock’s potential now seems limitless.

Alongside this, Rootstock continues to host notable global events for its community. In the coming weeks, the Rootstock community will host another such event on the 21st of March from 7pm onwards at Poolside, Lisbon, the country’s leading Web3 accelerator. As always, the community’s in-person meetups offer valuable insights and networking opportunities for entrepreneurs, developers, and crypto enthusiasts interested in gaining more from the Bitcoin ecosystem.

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