BCH Ecosystem Fund Bolsters Cashtokens Ecosystem With $20 Million Investment

PRESS RELEASE. Dubai, July 24, 2023 – The BCH Ecosystem Fund has announced a significant $20 million investment in the Cashtokens ecosystem, following unanimous approval during the Bitcoin Cash (BCH) Network Upgrade on May 15, 2023. The Cashtokens protocol holds the potential to create a comprehensive UTXO ecosystem application.

The BCH Ecosystem Fund, renowned for its commitment to pioneering advancements in the BCH space, seeks to foster cutting-edge innovations. Projects demonstrating clear Web3 innovation rationale and value capture potential, as well as assets enhancing BCH’s diversity with native, secure, and transparent attributes, are of particular interest. Additionally, the Fund is keen on applications, infrastructure, and gateways that elevate BCH’s reputation and usability, along with user-friendly solutions that drive business growth. The Fund is also intrigued by globally-consensus-building DAOs and applications leveraging the “mirror world” concept for technological and financial innovation.

Director Peng Wang disclosed the BCH Ecosystem Fund’s bold $20 million investment in the Cashtokens ecosystem. Since 2018, the Fund has gained extensive experience investing in various BCH-related ventures, spanning wallets, exchanges, media, and gaming.

The recent approval of the Cashtokens protocol in the BCH mainnet upgrade marks a strategic shift for the BCH Ecosystem Fund, which is now focusing on supporting Cashtokens-based initiatives. Peng emphasized Cashtokens’s role in enabling near Turing-complete smart contracts on the BCH Network, a milestone once considered infeasible for UTXO networks. Compared to existing solutions for token standardization on UTXO networks, Cashtokens offer superior user experience and smart contract capabilities, resolving prior issues faced by platforms like ETH.

Peng envisions creating an “Image world” on the BCH Network, featuring an array of financial and decentralized applications supported by BCH as the foundational currency. Though in its early stages, the Cashtokens ecosystem has already shown promise with platforms like CRC20 and fex.cash. The market value of Cashtokens assets surpassing $200 million further fuels optimism for future development.

For full interview, please read: http://www.gfinancialnet.com/sociology/749.html

For more information:

BCH Belief: https://twitter.com/BCHbelief

CRC20 Deployment, Mint and Transfer: https://scaling.cash/

About BCH Ecosystem Fund:

The BCH Ecosystem Fund is a leading investor in groundbreaking projects within the Bitcoin Cash space. Established in 2018, the Fund focuses on driving innovation and supporting the growth of BCH and its related ecosystems. With a keen eye for transformative technology, the BCH Ecosystem Fund aims to be at the forefront of shaping the future of the cryptocurrency landscape.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

from Bitcoin News https://ift.tt/XMZyBCR

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought

breaking news this december get instant daily breaking news

Search This Blog