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KuCoin and Chingari partner to launch the Chingari Star Contest. GARI tokens in the amount of 20M INR will be awarded

. Kucoin is a top cryptocurrency exchange that has announced a partnership to Chingari, an application that allows users share short videos. They also announced the Chingari Star Contest, which aims to reward Chingari app users $GARI tokens in the amount of 20 millions INR. The Chingari Star Contest, which was launched February 2022,, will…

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Kucoin is a top cryptocurrency exchange that has announced a partnership to Chingari, an application that allows users share short videos. They also announced the Chingari Star Contest, which aims to reward Chingari app users $GARI tokens in the amount of 20 millions INR.

The Chingari Star Contest, which was launched February 2022,, will continue for one month. The top participants will be awarded huge prizes.

Boosting content creation at Chingari

The partnership between Kucoin & Chingari aims to increase content creation on the Chingari platform by identifying the upcoming talent from the most remote parts of India. Chingari is a platform that allows anyone to promote their skills and reach a wider audience.

Everyone is welcome to enter the Chingari Star Contest, including existing and new Chingari users.

Kucoin has partnered to open the contest to a wider audience and market base, which includes Kucoin users.

The team behind Chingari app hopes that the contest will encourage content writers to create fresh content and increase their experience creating videos on the platform.

CEO, co-founder of Chingari Sumit Ghosh spoke out about the launch of the Chingari Star Contest. He said:

“Considering the overwhelming response we have received so far from the creators, it only made sense that the contest be started from 15th February.” Ghosh said. “New users can use the extra time to build their profile on Chingari and have a fair chance of winning the contest against creators that are already well-known on the app.”

Kucoin has partnered with Chingari, making it one of the first investors in the crypto exchange. The partnership was made after a January funding round that raised $35 millions. The exchange doubles as an accelerator for the adoption of Chingari’s native GARI token after it was listed earlier this month.

After the partnership, KuCoin CEO Johnny Lyu stated:

“As the accelerator and participant of the crypto industry, KuCoin is excited to join forces with Chingari to launch this contest, which will help more users become aware of, understand, and get into the crypto world.”

Participating to the Chingari Star Contest

To participate in the contest, participants must complete their profiles on Chingari (available on both iOS & Android through the Chingari App), upload videos to the app and then apply for the title of ultimate Chingari star.

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Bitcoin

Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
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Bitcoin

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC…
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Bitcoin

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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