Bitcoin

Next-Generation Cryptocurrency (LTNM) to List on FMFW.Io Exchange. Formerly Bitcoin.com Exchange

press release

PRESS REELEASE. Palo Alto, October 18, 2021 – LTNM, the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today it will be listed on FMFW.io Exchange (formerly known as Bitcoin.com Exchange), a top-tier cryptocurrency exchange. This is a significant milestone for both the parties – LTNM will now list on one the most prestigious exchanges in the world, while FWFW.io would be the second to do so. LTNM will be available for trading with BTC and USDT pairs, and the official trading is expected to start at the end of November 2021.

LTNM is an insured asset-backed cryptocurrency developed by Monsoon Blockchain Corporation on behalf of a foundation. LTNM, a faster, more secure, and greener version of Bitcoin, is capable of handling large crypto transactions and can be scaled up and down with great cost efficiency. LTNM is a new Bitcoin blockchain-based token that aims to efficiently serve high-growth sectors like Media, Gaming, Telecommunications, Cloud Computing, and Telecommunications.

Improving on Bitcoin’s energy-usage concerns, LTNM utilizes a proof-of-stake (PoS) algorithm to achieve consensus, which not only increases the TPS rate of the network but also significantly minimizes the fee. Unlike other crypto assets, LTNM has been insured and backed up by both real-world assets and digital assets. Its asset backing is held within a fund model to increase the base asset value over time. It accelerates this asset-backed funds growth by depositing 80% of the transaction fee back into the asset fund that backs the currency. The more LTNM is used, the faster the asset funds grow. This creates a currency that self-inflates. Users and businesses also have the opportunity to unlock new revenue streams and lower their transaction costs. The foundation’s commitment is to supporting the development of a sustainable crypto-ecosystem by listing FMFW.io.

Danish Chaudhry, the CEO of FMFW.io Exchange, shared his views on LTNM’s upcoming listing, saying that “As we see the ecosystem move towards energy-efficiency, next generation assets like LTNM with its increased speed and low transaction fees is bound to grow exponentially within the industry as a method of digital transaction.”

Chaudhry continues on by saying: “We’re very excited to see how LTNM will continue to empower their vision, and gain further outreach with our outstanding community at the exchange”

Dr. Donald Basile is the CEO of Monsoon Blockchain Corporation and expressed his excitement about the upcoming listing on LTNM to FMFW.io exchange. He stated that “we are excited about selecting FMFW.io, formerly known as Bitcoin.com, as our second exchange in our plan to list at many of the major international exchanges.” This is a significant milestone in the history LTNM. It also continues an exciting journey to revolutionize digital transactions. We will soon announce other exchanges that will reach a wider audience and increase the acceptance of digital assets around the globe.

About FMFW.io Exchange

The FMFW.io Exchange (formerly Bitcoin.com Exchange), is dedicated to helping people get free money. We make it easy and reliable for anyone to trade cryptocurrencies with our platform. We continuously add new assets to our more than 400 trading pairs, offer deep liquidity, 24/7 multilingual support and 100% uptime.

For more information, please visit https://fmfw.io/

IS FOR EDUCATIONAL AND INFORMAL PURPOSES ONLY. NOT INVESTMENT INSIGHTS. Information provided is intended for educational purposes only. It should not be taken as investment advice. Before making any investment decision, consult a registered or licensed professional.

This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services mentioned in this press release.

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The Open Network (TON) to launch teleport Bitcoin bridge

The Open Network announces plans to launch a bridge to get Bitcoin onto the TON blockchain, The bridge will allow Bitcoin to be used for DefI purposes in the TON ecosystem. The TON Foundation announced that the Open Network will launch a trustless bridge to allow people to bridge Bitcoin into the TON ecosystem for…

The Open Network announces plans to launch a bridge to get Bitcoin onto the TON blockchain,
The bridge will allow Bitcoin to be used for DefI purposes in the TON ecosystem.

The TON Foundation announced that the Open Network will launch a trustless bridge to allow people to bridge Bitcoin into the TON ecosystem for DeFi purposes. The bridged Bitcoin, called Teleport BTC, will maintain the original Bitcoin’s security while allowing holders to take advantage of the growing opportunities on TON.

According to the Foundation, each Teleport BTC will be backed 1:1 by native Bitcoin via a trustless, transparent process chiefly executed by verifiable smart contracts and validators.

This new development aims to “enhance Bitcoin’s utility, transforming it into a powerful tool for generating additional rewards on TON.”

TON’s Growth in 2024

The Open Network, closely linked with the popular Telegram messaging app, has been on an upward climb in 2024 both in price and network development. The network was initially created by the Telegram team for internal use but was abandoned and eventually picked up by the community.

TON made major waves after Telegram re-established contact by using the network to power its ad reward system, which pays channel owners in TON (the network’s native cryptocurrency) for traffic and views.

Outside of Telegram, TON is making a name for itself as a social gaming chain with tap-based casual projects like Notcoin and Hamster Kombat garnering attention.

TON’s Growing DeFi Ecosystem

While TON is not primarily known as a network for decentralised finance, its DeFi ecosystem has witnessed a boom in recent months. According to Defillama, a leading on-chain finance data provider, the total value locked on TON currently stands at $745.96 million as of writing after rising significantly from $22 million at the end of February 2024.

The Open Network plans to launch the Teleport BTC bridge later this year.

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First ETP for Near Protocol’s NEAR token unveiled on Sweden’s Spotlight Stock Market

Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market. Valour currently operates one of the largest Solana ETPs. The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs. Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR. This groundbreaking ETP will be…

Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market.
Valour currently operates one of the largest Solana ETPs.
The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs.

Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR.

This groundbreaking ETP will be available on Sweden’s Spotlight Stock Market, offering retail and institutional investors the opportunity to gain exposure to the decentralized application development platform.

NEAR ETP joins Valour’s diverse portfolio of ETPs

Valour already operates one of the largest Solana ETPs, Valour Solana, and offers a suite of staking products, including ETPs for Bitcoin, Ether, and Internet Computer.

Valour’s head of product, Elaine Buehler, emphasized the significance of this new fund, highlighting its potential to grant investors access to an asset renowned for its transformative impact on decentralized finance (DeFi) and non-fungible tokens (NFTs).

Near Protocol, designed to tackle common blockchain development challenges such as user onboarding and multi-chain operations, boasts a market capitalization of approximately $6.8 billion. This positions NEAR among the top 20 digital assets globally, according to CoinMarketCap.

The launch of NEAR ETP comes amid a wave of regulatory approvals in the United States, where investment managers BlackRock, Franklin Templeton, and VanEck recently received preliminary approval to list the first exchange-traded ETH products. Analysts predict this move will pave the way for more crypto exchange-traded products in the US, including potential Solana-based ETFs.

Valour’s parent company, DeFi Technologies, currently manages around $600 million in assets across various crypto-native strategies.

On July 16, DeFi Technologies expanded its footprint by acquiring trading desk Stillman Digital in an all-stock deal. This acquisition is expected to significantly enhance the Canadian crypto platform’s capabilities, potentially positioning it as a formidable competitor to larger entities like Galaxy Digital.

Valour’s new NEAR ETP represents a significant advancement for investors seeking exposure to innovative blockchain technologies, reinforcing the firm’s position at the forefront of digital asset investment products.