Azuro and Chiliz Working Together to Boost Adoption of Onchain Sport Prediction Markets

Azuro and Chiliz Working Together to Boost Adoption of Onchain Sport Prediction Markets

Press Information Press Information Press Information Press Information 10.05.2024 07:38
Lisbon, Portugal, May 9th, 2024, Chainwire Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world's premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts will allow millions of fans worldwide to further support and cheer for their favorite teams and athletes through fair and transparent prediction apps. Chiliz Chain is renowned for its blockchain solutions that transform fan engagement in sports through features like fan tokens and interactive engagement platforms. Through its flagship venture Socios.com, the network has expanded significantly to support more than 80 sport-related fan tokens and 2M+ ecosystem users. Team-specific fan tokens for the best football clubs, including FC Barcelona, Inter Milan, Juventus, Paris Saint-Germain, Manchester City, and many more, are all currently supported by Chiliz Chain through Socios. The network leverages a Proof of Staked Authority (PoSA) consensus algorithm which allows smart contract developers, validators, stakers, and other stakeholders to actively interact with the chain. Chiliz Chain is built to power sports and entertainment applications with a focus on brand IP and project use-case integrity. For Chiliz, partnering with Azuro represents a step toward tapping into the rapidly growing onchain prediction markets by the hand of the de facto infrastructure layer for sports prediction applications across EVM chains. Its innovative liquidity pool design, advanced tooling and oracle solutions allow apps to launch without upfront investment or running costs, enabling them to focus entirely on user acquisition, engagement and monetization from minute one. Azuro's robust platform, currently supports over 25 active applications with transaction volumes surpassing $290 million, offers an ideal environment for Chiliz to expand its offerings in the sports and entertainment sectors. As part of this collaboration, Chiliz will be integrated into the Azuro Protocol, adding to the existing supported chains such as Polygon and Gnosis Chain. This integration will enable Chiliz to expand its reach within sports-focused prediction applications. New and existing builders relying on Azuro infrastructure will be able to connect their apps to the Chiliz Chain and allow their users to place transactions with the blockchain's native token CHZ. "Integrating with Azuro marks a pivotal move for Chiliz Chain to capitalize on the rapidly expanding onchain prediction market," said Alexandre Dreyfus, CEO of Chiliz and Socios.com. "Leveraging Azuro's advanced infrastructure, we're empowering developers to innovate within the sports and gaming sectors." Rossen, a core contributor at Azuro, stated, "The onchain prediction markets have always been strongly tied to the sports and entertainment sector. Working alongside Chiliz Chain, the leading blockchain in this segment, feels like an obvious step for us. Azuro's robust infrastructure will help expand Chiliz Chain's usability within the fast-growing onchain prediction markets." Looking ahead, Azuro and Chiliz will be soon launching a co-sponsored grants program aimed at incentivizing app developers to build on their combined infrastructure. These initiatives, including bounties for the first apps, are designed to fuel further adoption of onchain prediction markets, and aligned with Azuro's vision for setting new transparency and fairness standards. About Azuro Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps. With its unique infrastructure layer approach Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs. For more information or press inquiries, please contact team@azuro.org Website: https://azuro.org/ Docs: https://gem.azuro.org Github: https://github.com/Azuro-protocol Onchain activity: https://dune.com/azuro/stats  About Chiliz Chiliz is the home of SportFi, where sports brands meet decentralized opportunities. Its infrastructure is driven by the Chiliz Chain, the first Layer-1 EVM compatible blockchain for sports and entertainment which now has a diverse ecosystem, fuelled by Chiliz native token CHZ. Its primary product on the Chiliz Chain, Socios.com, hosts a global community of over two million users, which makes it the largest non-finance/trading-centric Web3 consumer-facing product globally by user base. It hase partnerships with countless brands, including the giants of world sport such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S. Roma and major F1 teams. 
AIGOLD Goes Live, Introducing the First Gold Backed Crypto Project

AIGOLD Goes Live, Introducing the First Gold Backed Crypto Project

Press Information Press Information Press Information Press Information 09.05.2024 14:18
George Town, Cayman Islands, May 8th, 2024, Chainwire AIGOLD is pleased to announce the launch of its innovative cryptocurrency project. This groundbreaking initiative integrates artificial intelligence with the enduring value of gold, aiming to redefine the landscape of digital assets. The presale phase of AIGOLD is currently underway, with early access available at aigold.io. AIGOLD: Pioneering Gold Integration in Cryptocurrency with Enhanced Security and Market Stability AIGOLD is aiming to lead the integration of gold into the cryptocurrency sector, enhancing security and stability for those engaged in trading. The platform's design includes dedicating a portion of the proceeds from the presale of AIG (AIGOLD) tokens to acquire PAXG tokens. PAXG tokens are backed by physical gold, each representing one fine troy ounce stored in LBMA-certified vaults in London. At launch, the liquidity pool, underpinned by over one million dollars in PAXG, will be securely locked and aligned with gold price movement The initial presale price for AIGOLD is set at $0.0035 per token and the project underwent comprehensive audits from Cyberscope and is currently being audited by CertiK, underscore AIGOLD's commitment to security and transparency. As the market trends towards gold-backed assets, AIGOLD is looking to offer a unique platform that not only secures value but also rewards participants with gold, enhancing their participation in the evolving digital economy.  AIGOLD: Leading Sustainable Digital Finance with Strategic Tokenomics AIGOLD team's innovative tokenomics structure is crafted to foster growth and establish a solid foundation for its next developmental phase. This structure, along with a strategic tax model, is aimed at enhancing the benefits for participants in the ecosystem. By reinvesting 2% of every transaction back into the liquidity pool, AIGOLD looks to ensure a dynamic and well-supported trading environment. Additionally, a designated marketing allocation aims at keeping AIGOLD prominent in the marketplace, driving ongoing visibility and engagement. The team sees the self-sustaining approach as marking a notable evolution in the cryptocurrency arena, positioning AIGOLD as a leader in sustainable digital finance practices. AIGOLD: Empowering Future Financial Landscapes with Innovative Rewards and Stability AIGOLD's ecosystem offers multiple compensation methods to its participants, including rewards in gold for every transaction. Holders of AIG tokens will potentially benefit from a 5% share of gold with each buy and sell action, thanks to AIG's built-in reward mechanism. This reward is issued in digital gold, which can also be claimed physically. AIGOLD not only provides rewards in gold but also serves as a strategic hedge against inflation and de-dollarization. By integrating artificial intelligence with gold, AIGOLD is not merely a tool for potential profit but a forward-looking platform designed to empower participants for future financial landscapes. AIGOLD is dropping a never-before-seen Real Gold-backed NFT Mining Permit Collection as a bonus with exclusive benefits for NFT holders AIGOLD is excited to announce the limited release of its real gold-backed NFT Mining Permits, with a total of only 4,000 permits ever to be issued. These exclusive mining permits offer additional benefits to AIG NFT holders, including receiving an annual share of 25% of the profits from gold recovered in AIG's mining operations. This innovative approach positions AIG NFT holders to benefit from the burgeoning digital economy. For more details and to ensure early access, users visit aigold.io to secure their place on the whitelist. AIGOLDs team marks a transformative point in the development of digital currencies by integrating artificial intelligence with genuine gold mining. This initiative is led by new technology, including an AI-integrated exploration recovery vessel (ERV) equipped with state-of-the-art tools and LIDAR systems. These advancements facilitate the extraction of gold from the seabed in the Bering Sea, where estimates suggest there are over 500 million ounces of gold. With the rising value of gold, strategic positioning is crucial. AIGOLD's founder and CEO, Forest, from Cornell University, stated, "At AIGOLD, we are forging a unique combination of advanced artificial intelligence, forefront technology, and the reliability of gold-backed assets." For more details about AIGOLD, including its tokenomics, token metrics, and gold paper, users can visit aigold.io. The AIG Team is set to introduce a variety of incentives and special offers to benefit AIG token holders. These include exclusive NFT Mining Permits, participation in charity events, air drops, and official merchandise available through the AIG store. Additionally, participants will have the opportunity to enter a Tesla Cyber Truck Competition. For more details on these exciting opportunities, users can visit aigold.io. AIGOLD's Tesla Cybertruck Competition AIGOLD is currently hosting a Cybertruck Competition featuring the chance to win a Tesla Cybertruck among a total of 20 prizes. The Tesla Cybertruck boasts remarkable features such as bulletproof construction, a waterproof or wade mode that allows driving in up to 30 inches of water, and a durable exoskeleton similar to materials used in Space X rockets. This all-electric vehicle includes Tesla's autopilot system, accelerates from 0 to 60 mph in just 2.6 seconds, can tow up to 11,000 lbs, and travels up to 340 miles on a single charge, all while being equipped with advanced interior technology. This competition is skill-based, not a random draw. In an era where durability and real-world utility are highly valued, AIGOLD offers a substantial opportunity. Moving away from transient trends in cryptocurrency, AIGOLD is looking to establish itself as a significant force with the potential to impact the crypto market significantly this year. About AIGOLD AIGOLD is the first-ever cryptocurrency project to back its liquidity pool in gold. Founded in 2023, they are a cryptocurrency ecosystem and a digital currency that offers a reward mechanism that pays out digital gold to all of their token holders. They are the first of their kind, bringing together AI and real gold mining. AIGOLD is a real utility token and aims to act as a hedge against inflation. They offer gold-backed assets through the buy/sell of their AIG token and access to the profits from their gold mining operations to Gold Mining NFT holders. AIGOLD is committed to and strives to become one of the top 100 cryptocurrencies and get on top-tier 1 exchanges. They are on a mission to maintain a self-sustainable, well-balanced, and healthy ecosystem where their investors and their ecosystem thrive. They aim to build a community of investors from around the world, including Bitcoin and Ethereum enthusiasts. Users can find more information about AIGOLD on the following platforms: Website I X I Telegram I Medium I Instagram AIGold is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
NRx Pharmaceuticals Eyes First Commercial Revenue in 2024, Announces Breakthroughs in Bi-Annual Milestone Update

NRx Pharmaceuticals Eyes First Commercial Revenue in 2024, Announces Breakthroughs in Bi-Annual Milestone Update

Press Information Press Information Press Information Press Information 09.05.2024 13:40
Michigan, United States, April 29th, 2024, FinanceWire NRx Pharmaceuticals, Inc. (Nasdaq: NRXP) is a clinical-stage biopharmaceutical company developing therapeutics based on its NMDA platform for the treatment of central nervous system disorders, specifically suicidal bipolar depression, chronic pain and PTSD. NRXP is developing NRX-101, an FDA-designated investigational Breakthrough Therapy for suicidal treatment-resistant bipolar depression and chronic pain. NRXP has partnered with Alvogen Pharmaceuticals around the development and marketing of NRX-101 for the treatment of suicidal bipolar depression. NRX-101 additionally has the potential to act as a non-opioid treatment for chronic pain, as well as a treatment for complicated UTI. NRXP has achieved a series of important milestones over the past several months in the company's progression towards the final approval and commercial marketing of its products in development. NRXP has recently announced plans to submit a New Drug Application for NRX-100 (IV ketamine) in the treatment of suicidal depression, based on results of well-controlled clinical trials conducted under the auspices of the US National Institutes of Health and newly obtained data from French health authorities, licensed under a data sharing agreement. NRXP was awarded Fast Track Designation for development of ketamine (NRX-100) by the US FDA as part of a protocol to treat patients with acute suicidality. Key issues NRXP has discussed in its recent news flow include the following topics:  Filing for FDA Approval of Intravenous Ketamine Based on obtaining data from 4 randomized controlled trials of intravenous ketamin, NRx initiated manufacture of ketamine in order to seek FDA approval. Investors frequently fail to recognize that much of the drug approval process focuses on formulation, manufacture, sterility, and packaging of that drug, particularly in the case of sterile, injectable drug products. Currently there is only one US manufacturer of IV ketamine and the FDA has reported that ketamine faces drug shortages in the US. NRx has now formulated ketamine in partnership with Nephron Pharmaceuticals of West Columbia, SC and will complete the required three manufacturing lots this quarter. At that point, NRx is legally able to file for New Drug Approval of its IV ketamine product. Development of New, Proprietary Formulation of HTX-100 (IV Ketamine) Although ketamine is widely used in an intravenous formulation, IV infusions require specialized personnel and equipment not found in most doctor's offices. Subcutaneous use of ketamine is not feasible because the currently-approved formulation is highly acidic and attempts to neutralize the current formulation lead to precipitation of ketamine from solution. Acidic substances are tolerated when diluted for intravenous use, but cause pain and may cause skin ulcers if administered subcutaneously. On April 15th NRXP announced that the Company has developed a novel, proprietary formulation of IV Ketamine for use as HTX-100. This new, patentable NRXP formulation has the key advantage of achieving neutral pH, in contrast to the acidic pH of generic formulations of ketamine. NeuroRx, Inc. previously executed a joint development agreement with a manufacturer of insulin pumps but has been awaiting a suitable, pH neutral formulation of ketamine. With this proprietary formulation, developed with partner Nephron Pharmaceuticals, a leading sterile products manufacturer, NRXP is expected to generate one or more patents, such as composition of matter or formulation. HTX-100 is expected to be marketed by HOPE Therapeutics, Inc., a wholly owned subsidiary of NRx. Successful data readout of NRX-101 in Suicidal Treatment Resistant Bipolar Depression On May 5th NRXP announced successful results of its clinical trial of NRX-101 vs. lurasidone in the treatment of suicidal bipolar depression. The study demonstrated that both drugs were potent antidepressants, achieving 50% rates of remission in patients with the most severe levels of depression as measured by the Montgomery Åsberg Depression Rating Scale (MADRS). However, lurasidone caused a significant rate of a life-threatening side effect called Akathisia, which is closely linked to suicide. NRX-101, on the other hand decreased akathisia scores from their baseline values to near zero levels that would be expected with placebo. With positive data from this study and FDA comment, NRXP becomes eligible to receive the balance of its first milestone (an additional $4 million) from partners Alvogen, Inc. and Lotus Pharmaceuticals, Inc. (1745.TW). These partners would then be responsible for all future development costs in this indication. NRXP retains rights for all other indications, including chronic pain and PTSD. NRXP is then poised to receive $320 million in further milestones along with mid-teen royalties on Net Sales. Treatment of Chronic Pain D-cycloserine, the active ingredient in NRX-101, has been seen in a phase 2 trial to reduce chronic pain to levels previously associated with oral opioid drugs without concerns about addiction and other side effects of opioids. NRx has licensed the exclusive rights to a method patent for treatment of chronic pain with DCS from Prof. Vania Apkarian of Northwestern University. Northwestern was granted $5 million by the US Department of Defense to conduct a randomized prospective study of DCS vs. placebo in patients with chronic low back pain. In March 2024, NRx was advised that the trial had reached data lock. Last week NRx was advised that the Institutional Review Board (IRB) of Northwestern has approved the Statistical Analysis Plan for the trial and has allowed the unblinded data to be analyzed. Top line data are expected in the next few weeks. Treatment of Complicated UTI and Pyelonephritis with FDA Qualified Infectious Disease Product and Fast Track Designation  DCS was originally developed as an antibiotic but fell out of favor because of the potential to cause hallucinations in some patients. NRX-101 was developed, in part, because the lurasidone component blocks that undesirable side effect. Each year in the United States, 15 million people develop urinary tract infections, 20% of whom are not cured by common antibiotics and must be treated with advanced antibiotics. These patients are classified as having Complicated UTI and may develop pyelonephritis. NRx demonstrated to FDA that NRX-101 is effective in vitro against 3 resistant pathogens on the Congressionally-mandated Qualified Infectious Disease Product (QIDP) list and was granted QIDP status together with Fast Track Designation by FDA.  A critical problem with many advanced antibiotics is their propensity to cause C. Difficile infection, which leads to prolonged hospitalization and may be fatal in 10% of those over 65 who contract C. Dif. In April 2024, NRx demonstrated that NRX-101 does not disrupt the microbiome of the gut and, therefore, is unlikely to cause C Diff. Indeed, despite use in millions of patients with tuberculosis, C Diff has never been reported in association with D-cycloserine. That's because DCS is absorbed entirely in the upper GI tract and completely eliminated in the urine, rather than traveling to the gut (large intestine) like many other antibiotics. Establishment of HOPE Therapeutics NRXP established HOPE Therapeutics to develop and launch IV Ketamine together with related technologies with FDA New Drug Application to be submitted this year. In advance of FDA approval, HOPE is partnered with national 503b and 503a pharmacies to address the ketamine shortage declared by FDA. HOPE is planned to be spun out as a separate company to be owned by NRx, current NRx shareholders via a tax-free dividend, and new investors; Term Sheets received from prospective anchor investors for $60 million of new investment, once publicly listed HOPE is presenting data from four randomized, prospective trials demonstrating safety and efficacy in 800 patients of IV Ketamine in treating severe and suicidal depression as the clinical basis for New Drug Application (NDA) for HTX-100 (IV Ketamine); expecting stability and CMC data sufficient for NDA filing by June 2024. Fourth Quarter and Full Year 2023 Financial Results Plus Business Update On April 1, 2024 NRXP announced its fourth quarter results and provided a recap of recent key business developments. These included four potential near-term milestones, including data from two clinical trials, an NDA filing and an upcoming share dividend. Additional accomplishments covered in the announcement were as follows:  NRXP delivered a 50% reduction in corporate overhead and 25% reduction in overall net loss in 2023, compared to 2024 with $0.20 per share improvement in negative earnings. Additions to working capital of $8 million in Q1 2024. NRXP forecasts first commercial revenue in 2024 from sales of ketamine and related technologies. Company received advance of first milestone payments in 2024 for ongoing development of NRX-101 from Alvogen and Lotus Pharmaceuticals, Inc. (1975.TW) NRXP has added over $8 million in working capital, including an advance of a $5.1 million milestone payment from partners Alvogen, Inc. and Lotus Pharmaceuticals NRXP has elected nationally recognized attorney in highly regulated industries, and healthcare specialist, Janet Rehnquist, Esq., to the Company's Board of Directors NRXP Management has taken actions to address NASDAQ listing compliance and naked shorting of NRx securities. Plan to Distribute Shares of HOPE Therapeutics and Royalty Rights on Ketamine Sales to Existing NRx Shareholders On March 18th NRXP announced that its Board of Directors has authorized its Chairman and management to take all necessary steps to affect a Dividend of HOPE Therapeutics ("HOPE") stock along with a royalty right of 1% of Ketamine sales to NRXP Shareholders and applicable warrant holders. The intent of NRXP is to distribute 49% of HOPE stock in this dividend. Shares of HOPE are planned to be publicly listed. NRx is currently completing the required audits of HOPE in preparation for filing the SEC Form 10 required for distribution of the stock dividend. For more information on NRXP visit: https://www.nrxpharma.com/ Media Contact:    
Klumi Ventures UAE's First Web3 Venture Capital Firm Regulated by ADGM

Klumi Ventures UAE's First Web3 Venture Capital Firm Regulated by ADGM

Press Information Press Information Press Information Press Information 09.05.2024 09:39
Abu Dhabi, UAE, May 2nd, 2024, FinanceWire Klumi Ventures UAE's First Web3 Venture Capital Firm Regulated by ADGM Klumi Ventures received first of its kind financial licence which permits the firm to invest in tokens as well as equity investments in early stage Web3 startups. Klumi is launching a $100 Million fund tailored for emerging technologies and decentralized sectors. Another specialised fund will be a $15 Million Qualified Investors Fund slated for pre-seed and seed investments for early-stage Web3 startups. Klumi Ventures proudly announces its achievement as the United Arab Emirates' pioneering Web3 venture capital firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This event heralds a new era of innovation and investment opportunities in the region's digital asset ecosystem, as Klumi Ventures leads the charge in fostering growth and empowerment in the Web3 sector. "Klumi Ventures is honoured to be at the forefront of shaping the UAE's digital asset landscape as the first Web3 venture capital firm regulated by the FSRA. We are proud to lead this transformative journey, shaping the future of Web3 investment and entrepreneurship in the Middle East and beyond. With ADGM's support and the dynamic ecosystem in Abu Dhabi, we are dedicated to unlocking new avenues of growth and opportunity for Web3 startups", commented Kristiina Lumeste, Senior Executive Officer of Klumi Ventures. Klumi Ventures is launching two specialized funds, the $15 Million Qualified Investors Fund is slated for pre-seed and seed investments, providing early-stage Web3 startups with crucial capital and support to realize their vision and scale their operations effectively. The flagship $100 Million fund is tailored to emerge technologies and decentralized sectors. Kristiina Lumeste added, "Abu Dhabi's status as a global leading city and the 'Capital of Capital' presents unparalleled opportunities for growth and innovation in the digital asset space". Arvind Ramamurthy, Chief of Market Development at ADGM said, "We welcome Klumi to ADGM's dynamic and progressive international financial centre. Its establishment as a Web3 Venture Capital Fund and bringing million-dollar specialized funds that fill a critical gap in the Web3 sector's needs, positions Klumi strongly to harness the immense potential of this sector, not only in Abu Dhabi but also throughout the region. Coupled with ADGM's regulatory capabilities, Klumi's strategic approach can contribute greatly to the growth of the Web3 sector in the UAE and beyond. We look forward to Klumi's journey in the UAE's evolving digital asset landscape." ADGM's progressive Capital Markets Framework, coupled with its familiar legal and regulatory frameworks, offers a conducive environment for fund managers to thrive while adhering to international standards. Since May 2023, a total of 96 fund and asset management firms and funds have registered and operated in ADGM, highlighting the city's growing importance as a financial hub. About Klumi Ventures  Klumi Ventures is a premier Web3 venture capital firm based in Abu Dhabi, United Arab Emirates. Regulated by the Abu Dhabi Global Market (ADGM), Klumi Ventures is dedicated to driving innovation and empowerment within the digital asset and Web3 space. With a focus on supporting early-stage startups, the firm offers specialized funds and comprehensive support to entrepreneurs in the Web3 sector. Leveraging the vibrant ecosystem in Abu Dhabi, Klumi Ventures aims to unlock new growth opportunities for startups, family offices and funds in the Middle East and beyond.  
FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

Press Information Press Information Press Information Press Information 09.05.2024 08:38
Singapore City, Singapore, April 24th, 2024, FinanceWire FBS, a leading global broker that has recently launched an upgraded FBS app, projects gold price surge to $2,800 per ounce by the close of 2024. FBS financial market analysts have identified the pivotal factors driving the bullish trend for gold and covered the potential strategies for CFD traders. Gold is among the assets characterized by stability and resilience in the financial markets, making it an appealing instrument for investors. FBS analysts foresee an upward trend for gold in Q2 and on until the end of the year. They associate the bullish tendency with significant central bank buying, continued inflationary pressures in the global economy, and increased demand for gold from non-institutional investors. Central banks worldwide are actively fortifying their gold reserves, signaling a strategic shift towards safer assets in the context of escalating geopolitical tensions. FBS financial market analysts point out that hedging and diversification of reserves has recently become typical of the People's Bank of China, the Monetary Authority of Singapore,  the Reserve Bank of India, the Central Bank of Turkey, and others. Inflationary pressures stemming from aftershocks of the global pandemic, military conflicts, rising oil prices, and complications within prominent maritime trade routes push gold prices further. According to FBS analysts, inflationary pressures are increasing the attractiveness of gold as a hedge against currency devaluation and declining purchasing power. Non-institutional investors are increasingly gravitating towards gold as a store of value and a means of portfolio diversification. Total gold demand, including over-the-counter markets, surged to historic highs in 2023, fueled by economic uncertainty and evolving investment preferences, particularly in China. Another critical factor affecting the increased demand for gold is the interest of non-institutional investors. Financial markets analysts from FBS indicate that the total gold demand, including OTC markets, reached a new annual record in 2023 at approximately 4,899 tons. FBS analysts suggest taking a closer look at China's gold market, which is experiencing a noticeable surge in demand, to understand the current trend better. Looking closely at the XAUUSD trajectory in the weekly timeframe, FBS analysts underscore a bullish trend. Gold has updated its ATH, and the price is actively testing the $2,400 resistance, corresponding to 161.8 Fibonacci. If XAUUSD manages to break this level, investors can expect gold to rise further to $2,800, which coincides with the 261.8 Fibonacci level. However, if there is a correction, the price may fall to the support at $2,200 and then rush up to $2,800. Regarding trading strategies, FBS's experts stress the importance of prudent risk management amidst bullish market conditions. Strategies such as controlling position sizes, limiting trade deposits to 2-10% of the total portfolio, and employing stop-loss orders are recommended to safeguard capital and encourage diversification. These actions can be easily performed at the enhanced FBS app, which allows traders to seize market opportunities on the go, anytime. Additionally, FBS analysts recommend aligning with the prevailing market trend and utilizing technical analysis tools like moving averages, RSI, and MACD. Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only.
New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC M

New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC M

Press Information Press Information Press Information Press Information 08.05.2024 07:43
Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week.  TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted:  'TG Casino is proud to formally announce our new partnership with AC Milan joining them as their iGaming partner in Europe. Players at TG Casino will soon be able to win money can't buy AC Milan experiences and merchandise!' The acmilan.com website posted a press release the same day: 'AC Milan and TG.Casino are delighted to announce a new partnership, which sees the online casino platform become the Official Regional iGaming Partner of the Rossoneri in Europe. Thanks to this new partnership, $TGC token holders will have the chance to win lots of experiences offered by the Rossoneri club.' The football club went on to add that $TGC holders will have chances to win official AC Milan jerseys, visits to the Milanello training centre, VIP access at the San Siro stadium and more 'bespoke experiences' that bring them closer to the club. Players at the top crypto casino also took to Twitter to note that the partnership could be important for TG.Casino and it's native token ($TGC), thanks to the increased exposure for the Telegram compatible crypto casino app. New Crypto Casino Continues Giving Back To Players TG.Casino is a relatively new crypto casino, founded in 2023 and holding an ICO for its $TGC utility token in September of that year. Listed on Uniswap on January 5th, 2024, the $TGC token price raised over 10% hours after the AC Milan partnership was announced on the 6th May before getting back to the pre-announcement levels the day after. The existing use cases of $TGC according to CoinMarketCap include 'cashback on losses and staking rewards' for holders - a portion of the crypto casino's profits are used to buy back $TGC on the open market, 40% of which are then burned to lower the circulating supply and 60% of which are added to a staking pool. Now following the partnership, AC Milan also described $TGC as a 'fan engagement tool'. TG.Casino also launched an NFT collection on OpenSea in 2024, holders of which have their casino rewards multiplied further. About TG.Casino Licensed in Curacao, TG.Casino has been ranked the top no KYC casino on leading tech blogs for its innovative Telegram bot that allows for instant play anywhere in the world of over 5,000 games, with no verification requirements. That was echoed by AC Milan following its May 6 announcement that TG.Casino will be its new regional iGaming partner, who stated the partnership 'catapults TG.Casino into the top ranks of GameFi by bringing the brand into the living rooms and onto the mobiles of tens of millions of consumers all over Europe.' Since its 2023 launch the platform took a different, novel approach to other new crypto casinos and developed its platform primarily on Telegram, in order to provide complete anonymity and seamless mobile play. TG.Casino is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.  
Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

Press Information Press Information Press Information Press Information 08.05.2024 07:41
LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity's technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O'Neal, announces its groundbreaking evolution into a pioneering Layer 2 solution on the Ethereum blockchain. This evolution is poised to transform the web3 entertainment landscape, directly addressing the challenges faced by major brands like Amazon, Marvel, and Warner Brothers in embracing blockchain technology. Ethernity's interactions with global entertainment brands uncovered significant barriers to their adoption of web3, ultimately inspiring the development of the Ethernity Chain. Chief among their concerns were privacy, cost and complicated interfaces, all of which have been addressed by this evolution; Ethernity's Layer 2 solution enhances security, offers reduced gas fees, and includes a plug-and-play toolkit, making it easier for global entertainment brands to integrate their franchises into the blockchain. To ensure proprietary data and creator IP are protected, the Ethernity Chain incorporates advanced AI capabilities - including comprehensive Digital Rights Management (DRM) controls - that combat counterfeit asset trading and provide a secure environment for both users and brands. Key Features of the Ethernity Chain Enhanced AI Capabilities: Embedded within the Ethernity Chain, AI provides unparalleled security and brand protection through robust Digital Rights Management (DRM) controls, designed to prevent counterfeit asset trading and ensure a secure environment for users and brands alike. Plug and Play Toolkit: The Ethernity Plug and Play toolkit provides brands and creators with no-code tools to bring their global entertainment brands onto the blockchain and to quickly and easily ramp up tokens, marketplaces, and web3 applications. Eco-Friendly and Low Gas Fees: The Ethernity Chain is designed to minimize environmental impact and lower the barrier to entry for users and developers through significantly reduced gas fees. 100% EVM as Standard: The Ethernity Chain seamlessly integrates all current standards, including tokens, NFTs, and DeFi smart contracts. "Our goal is to revolutionize how entertainment brands engage with their audiences through web3 technologies," said Nick Rose Ntertsas, Co-Chief Executive Officer at Ethernity. "By evolving into a Layer 2, we are not only expanding our capabilities but also providing a navigable, sustainable and secure environment for brands to create next-gen entertainment products and fan experiences." For more information about Ethernity and its transition to Layer 2, please visit https://ethernity.io.  About Ethernity Ethernity is a leading Cayman Islands based technology company specializing in innovative web3 solutions including their upcoming Ethereum Layer 2 solution specifically built for global entertainment brands aiming to transition their intellectual properties to the blockchain. By capitalizing on our established partnerships, deep expertise, and robust infrastructure, Ethernity is set to spearhead the world's leading web3 entertainment ecosystem. We offer an AI enhanced, secure, eco-friendly, and intuitive platform that caters to the evolving needs of the next generation of entertainment enterprises and products.  
Bitbot's Presale Passes $3M After AI Development Update

Bitbot's Presale Passes $3M After AI Development Update

Press Information Press Information Press Information Press Information 03.05.2024 08:00
London, United Kingdom, May 2nd, 2024, Chainwire   AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has hurtled into stage 12 of its short 15-stage presale due to end this quarter, at which point the BITBOT token will be unleashed upon the open market.  The Bitbot community now numbers over 140k, with 110k+ followers on X and a Telegram channel approaching 30k. Bitbot's team hopes to convert a good portion of this into paying customers when the product launches this year. The presale has been supported by Bitbot’s recent rebrand, which includes a new website with updated visuals and, most crucially, a spotlight on Bitbot’s AI features. Bitbot's team is optimistic that investing in AI to boost its trading engine is one of the factors likely driving the heightened interest in the presale. Bitbot is establishing its status as a game-changing project by offering the world’s first non-custodial Telegram trading platform, ensuring users’ funds only transfer once trades are complete. This is combined with an arsenal of AI trading weapons that give retail investors the firepower they need when competing against the institutions.    Bitbot (BITBOT) is available to buy on the official site.   Gem Scanner: merging AI with on-chain analysis Powered by Bitbot’s proprietary AI, the Gem Scanner aims to uncover undervalued, low-cap tokens with the potential to achieve multi-digit rallies. The Gem Scanner scours top data aggregators such as DEX Screener and Birdeye while combining social media feeds to make predictions based on both market data and audience sentiment. This productivity-boosting tech eliminates the reliance on conducting hours of meticulous market analysis. It will typically appeal to retail traders and therefore help drive production adoption. With this offering, the team hopes to see Bitbot take market share away from key competitors Banana Gun and Maestro over the coming year.   AI and blockchain are on the rise Tech stalwarts Google and Microsoft both enjoyed AI-driven stock price surges recently, with Reuters reporting spikes of 10% and 2%, respectively.  And with demand for AI features outstripping capacity to supply the market, the industry appears poised for sustained growth. This is supported by sector predictions, which lay out an expected compounded annual growth rate (CAGR) of 28.4% per year until 2030. Blockchain offers a similar story, with a CAGR of 24% projected. AI crypto tokens are currently valued at just under $20 billion, with a daily trading volume of around $900 million, according to CoinGecko. Bitbot has repositioned itself to meet this growing demand for AI in the crypto market by offering a range of advanced technologies. Speaking on the decision to refocus efforts towards AI capabilities, Bitbot’s Technical Product Officer, Andrew Jacobs, said: “Our mission has always been to give our users the tools that have enabled institutions to dominate financial markets, and the benefits our AI offers are the best equalizer we’ve seen on the market so far. Plus, AI positioning is currently generating great returns for many projects in the space, and we predict BITBOT holders will feel the benefit of this.”   Bitbot’s exciting market outlook With its enhanced focus on AI, Bitbot is positioned to engage with the increasing interest in AI projects. The market has observed notable activity, such as the performance of BitTensor (TAO), an AI coin which experienced significant price changes, rising from $34 last year to $757 in March. Within the Telegram bot sector, there is plenty of precedent for strong performance as well. Competitors like Banana Gun have experienced 200% rallies in just six months, and in early April, they saw 80x gains from early presale price. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.   About Bitbot Bitbot is a new AI Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features, including sniping and copy trading. Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.   For more information, users can visit the website.   Official Website | Whitepaper | Socials Bitbot is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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