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First Bitcoin Blockchain ICO Rockets Past $5M Milestone

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London, United Kingdom, February 28th, 2024, Chainwire

The Bitcoin Dogs presale has already raised over $5.1 million in under 14 days. With only 5 stages remaining, the ICO is now at its halfway point and only has 16 days left before it ends.

The ICO is covering fresh territory: no BRC-20 token on the BTC blockchain has been available for public presale until now. This has piqued the crypto community’s interest, and Bitcoin Dogs has generated a strong social following as a result.

Top crypto influencers, including @MrX_Crypto, @BscSuperAltcoin, and @BscGemsX1000, have all shown support for the project. With their combined audience of over 400k, they are contributing to the rapidly growing Bitcoin Dogs community, especially as the presale sells out.

Users can check out the Bitcoin Dogs video to learn more:

Bitcoin Dogs (0DOG) is available to buy on the official website.

The bite behind the bark

As the 15th of March ICO end date draws closer and closer, early adopters of the Bitcoin Dogs 0DOG token will be looking ahead to what the project has in store for the rest of the year, as well as eyeing up 61% price gains before the presale concludes.

The Bitcoin Dogs game will begin beta testing in Q2, according to the official roadmap. This is one new feature that draws on popular gaming influences and bears similarity to established gaming titles. 

The game involves raising virtual dogs, drawing on the gameplay of nostalgic favorites like Tamagotchi, and adding play-to-earn (P2E) and player-vs-player (PvP) mechanics like those in Axie Infinity and Bitcoin Cats, both of which have enjoyed success in the blockchain gaming or “GameFi” sector.

When the game officially launches in Q3, its PVP Dog Showdown events will also be unleashed, offering players the chance to race their virtual dogs against each other for potential financial rewards. Races are unlocked only when a dog reaches a high enough level; this will require plenty of love and affection, like daily care actions, as well as social sharing to earn in-game BARK tokens, essentially XP points.

Outside of the game, there are plans for players to collect digital dog NFTs, made up of an exclusive collection of 10,000, with a marketplace allowing gamers to buy, sell, and trade their pups. These NFTs will live on the Bitcoin blockchain itself, setting them apart from first-gen collections like Bored Apes. This is enabled by the devs’ clever use of Bitcoin Ordinals.

Predicting the outcome of 0DOG

As for the 0DOG token itself, the ICO is just the start. When the presale concludes on the 15th of March, 0DOG will be ready to reach a mainstream audience.

Major exchange markets have shown a significant appetite for BRC-20 tokens like 0DOG: daily trading volume for these coins is around the $400 million mark, and huge rallies have been commonplace for exchange-listed BRC-20 tokens.

Bitcoin Cats is one of these projects, and its 1CAT token has cranked out serious gains recently, achieving a 3x pump in December over the course of just a week. The coin now sits at around a $40 million market cap, a feat Bitcoin Dogs could replicate with 2024’s bullish sentiment.

AINN is another BRC-20 project that has enjoyed recent success. Launching in January, the token rallied over 600% in one month. Price action like this appears to be commonplace for this sector of the market.

Besides all of this, Bitcoin Dogs is looking well-timed to benefit from Bitcoin’s current bullishness. BTC seems to be stable above $50k in light of its ETF approvals in January, and with the next halving in April, more gains for BTC could follow. That could cause spillover gains for Bitcoin-based tokens like 0DOG.

After the presale ends on the 15th of March, the mass market will decide the price of 0DOG, so there’s no guarantee it will stay at the reasonable price of $0.0251 that it’s at now.

About Bitcoin Dogs

Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together, to offer the first ICO on the original Bitcoin blockchain. The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders.

For more information and to learn about Bitcoin Dogs (0DOG) users can visit the website.

Website | Whitepaper | Socials

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Bitcoin Dogs Team
Bitcoin Dogs
[email protected]





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Press Release

South African Regulator Grants Approval to 59 Crypto Platforms

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South African financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from crypto platforms seeking to offer services to residents. 

During a financial conference, Felicity Mabaso, the FSCA divisional executive, revealed that the regulator received a total of 355 license applications, with 262 still pending.

In response to this influx, the FSCA set a deadline of November 30 for exchanges and cryptocurrency platforms to submit license applications or face enforcement measures. 

FSCA Commissioner Unathi Kamlana explained that the application processing is ongoing and being carried out gradually due to the high number of applications.

FSCA Uses South Africa’s Existing Regulations 

The FSCA has chosen to utilize South Africa’s existing Financial Advisory and Intermediary Services Act (FAIS) to regulate the crypto sector. 

According to Commissioner Kamlana, the FAIS provides a robust framework that covers crucial aspects of the crypto business, including user protections and enforcement actions when necessary. 

However, Kamlana acknowledges the possibility of future adjustments.

See Also: Hong Kong Approved Spot Bitcoin And Ethereum ETFs

“As we license and supervise, we will discover that perhaps there are gaps that cannot be closed by the existing regulatory framework, the FAIS Act. And we might need to build on that as we discover what those are.”

While specific details about the approved companies have not been disclosed, it is expected that the licensed entities include crypto exchanges and firms offering custody services. 

Regulatory oversight will also extend to crypto brokerage firms and payment processors involved in cryptocurrency transactions.

South Africa Considers Creating New Regulatory Framework

South Africa has been actively considering the creation of a new regulatory framework for the crypto industry since 2021. 

In 2021, the FSCA published a paper highlighting that crypto assets will be brought into the South African regulatory purview in a “phased and structured manner.”

Although the framework was initially expected to be completed by the end of 2022, the South African Reserve Bank (SARB) has already declared cryptocurrencies as financial assets rather than currencies. 

The FSCA aligns with this classification, stating that digital assets should be treated as financial products.

South Africa’s approach towards cryptocurrencies has become more proactive as adoption gradually increases. 

A survey conducted in 2017 revealed that 47% of South Africans had either invested in cryptocurrencies or expressed an interest in doing so. 

Additionally, Bitcoin wallet downloads in the country experienced a 100% increase in the same year. In 2020, crypto exchange Luno reported that South Africa had the third-highest level of crypto ownership worldwide, reaching 13%.

Meanwhile, as crypto adoption continues to rise, South African companies are actively embracing cryptocurrencies. 

Stitch, a South African payments infrastructure firm, introduced “Pay with Crypto” last year, enabling customers to use cryptocurrencies for purchases. 

Paycorp, another company, developed the CryptoExpress app, allowing individuals to withdraw crypto in South African Rands at over 3,000 ATMs.

Last week, cryptocurrency exchange Luno became one of the first firms to receive a license from the FSCA in South Africa, allowing the exchange to operate as a financial services provider in the country.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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Press Release

Doctor Doge (DRDOGE) Rally Over 8,000% Within 48 Hours

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  • Doctor Doge (DRDOGE), a newly launched Solana meme coin, is set to go viral and rally over 8,000%, challenging other popular dog-themed coins, like Shiba Inu (SHIB) and Dogecoin (DOGE).

It’s not surprising that many investors who bought SHIB and DOGE early are also investing into DRDOGE in the first hours and days of it being launched.

People who invested into Shiba Inu (SHIB) and Dogecoin (DOGE) while these coins had small market caps were able to turn hundreds of dollars into millions.

Doctor Doge (DRDOGE), a newly launched Solana meme coin, is set to go viral and challenge other popular dog-themed coins, like Shiba Inu (SHIB) and Dogecoin (DOGE).

DRDOGE was launched this morning, and the meme coin is inspired by Dogecoin – one of the largest meme coins, with its market cap currently being $23.5 billion.

See Also: Solana Releases Update To Alleviate The Ongoing Network Congestion

Due to the fact that Doctor Doge only began trading on decentralized Solana exchanges like Raydium and Jupiter around an hour ago, it has a market cap of just around $16,000.

This means that DRDOGE (contract address: 8uckaPYZWDs57Lm5eeEVnx4FGJDLhXuvrmryzKj7yUvv) has the potential to turn early investors into millionaires if its market cap eventually exceeds the $100 million mark.

In the short term, DRDOGE is set to rally over 8,000% in the next 48 hours, before then targeting further gains.

Additionally, numerous listings on centralized exchanges are planned for Doctor Doge later in April, and these listings could easily propel the memecoin’s market cap to above $20 million.

So it’s not surprising that many investors who bought SHIB and DOGE early are also investing into DRDOGE in the first hours and days of it being launched.

It will be exciting to watch how quickly Doctor Doge’s price will surge in the coming days and weeks, and to see if it can become a mainstream memecoin.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Whales Are Buying Ethereum Like Crazy Amid ETH Price Drop

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  • Amid notable drop in Ethereum’s price, prominent market whales are actively buying Ethereum like crazy.

In the midst of heightened global tensions, the cryptocurrency market witnessed a significant downturn, with the TOTAL index plummeting by a staggering 17% over the weekend, marking a loss of nearly $430 billion in market capitalization. 

While this turbulence affected all digital assets, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, took a notable hit, experiencing an 18.43% decline, reaching a low of $2,852 per Ethereum.

Bitcoin and Ethereum ETFs Officially Approved In Hong Kong

However, amid the market chaos, a fascinating trend emerged – prominent players in the crypto sphere, often referred to as “whales,” showed unwavering confidence in Ethereum’s potential. Notably, large addresses were observed accumulating substantial amounts of ETH during the price drop. 

See Also: Crypto Whales Sold Holdings Before the Market Crash

Whale Activities

One such whale, identified as “0xE34,” seized the opportunity to accumulate 1,000 ETH, worth approximately $3.15 million, from Binance at the market’s lowest point. 

This particular address went on to accumulate an impressive 8,300 ETH, valued at around $25.12 million.

Furthermore, another significant player, a wallet associated with Matrixport, made a decisive move by withdrawing 16,300 ETH, amounting to a staggering $51.1 million, from Binance amid the market turmoil. 

This wallet has been consistently withdrawing ETH from exchanges since March 29, accumulating a total of 67,286 ETH, valued at approximately $228.33 million, at an average price of $3,393.

Matrixport, a prominent player in the crypto financial services sector, has been actively involved in facilitating digital asset management and trading for institutional and retail investors globally.

These substantial purchases of Ethereum during a period of market instability highlight the confidence of several major players in the potential of the leading altcoin. 

Despite geopolitical uncertainties and market volatility, Ethereum continues to maintain bullish sentiment among key holders.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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