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In recent news, two significant digital assets, Uwerx and Ethereum (ETH), have seen a surge in value. This is due to the Bank of China’s utilization of the Ethereum (ETH) blockchain to issue $28 million of digitally structured notes.
This significant move showcases the increasing adoption of blockchain technology by traditional financial institutions and the mainstream economy.
This article will delve into the implications of this new development on the future prices of Uwerx and Ethereum (ETH).The Implication of Bank of China’s Involvement in Digital Assets on Ethereum (ETH)’s Market Value
The recent involvement of the Bank of China in digital assets is the first of its kind. This proves that the Chinese financial institution is ready to fully embrace blockchain technology, having utilized the Ethereum (ETH) platform.
On the 12th of June, 2023, BOCI Hong Kong announced that the financial institution had minted $28 million worth of digitally structured notes through the Ethereum blockchain.
This development has encouraged the use of blockchain applications across China. This includes the adoption of a default national blockchain in China, the Blockchain Service Network (BSN).
However, what effect does this development have on Ethereum (ETH)? Ethereum (ETH) is currently at a market value of $1,631.78, with a market cap and 24-hour trading volume of $209.01B and $6.28B, respectively.
Even though the market has fallen short of -6.50% over the past 24 hours as of writing, its blockchain activities have been outstanding.
Ethereum (ETH) kept humming despite Amazon Web Services (AWS)’s recent outage in the US. Since the Ethereum (ETH) network largely depends on the AWS server, one would have thought it would be affected by it.
Since Ethereum (ETH) maintains strong resilience towards unfavorable market conditions, experts predict it might hit $2,284.45 by Q1 2024. More importantly, we believe the Bank of China’s recent use of digital assets will create a positive effect.How is Uwerx (WERX) Responding to the Bank of China’s Recent Adoption?
Uwerx’s growth responds to several favorable market conditions, ranging from mainstream economy adoption to increased presale participation. Thus, the Bank of China’s recent adoption has caused investors to take an interest in other altcoins with great potential, such as Uwerx.
Despite being a new crypto project, it’s impressive that Uwerx has reached 5,500 signups and over 1,600 Telegram members, and 1,600 Twitter followers.Other Factors Responsible for Uwerx (WERX)’s Growth
As mentioned earlier, other factors have been influencing Uwerx’s growth besides the latest Bank of China development. Foremost, the Uwerx team released an alpha platform with important PDF content such as Logging In, Forgot Password, and My Activity Page. The alpha platform has ended, and the Uwerx team announced the project will be transitioning into the beta platform soon.
The Uwerx project will offer freelancers a cheap % transaction charge of 1%, contrary to Upwork’s 10% and Fiverr’s 20%. Apart from freelancers, Uwerx also provided an opportunity for investors where they could participate in the project’s liquidity lock of 25 years. Meanwhile, the Uwerx team’s tokens have been locked for nine months.The team has promised to send tokens to holders after the presale ends in a 6-week vesting period as follows:
Week 1 – 8%
Week 2 – 10%
Week 3 – 14%
Week 4 – 18%
Week 5 – 22%
Week 6 – 28%
Uwerx’s audit pass on SolidProof and InterFi Network has also increased its trust among the crypto community. Furthermore, Uwerx has been listed on CoinSniper and will be listed on Uniswap by the 1st of August, 2023. The contract will further be renounced when the project is launched on centralized exchanges and taxes are zero.
Uwerx also has a vault feature where investors can store their tokens for various lengths. Then they get rewards based on the platform variables, similar to the popular staking concept.Join the Ongoing Uwerx (WERX) Presale Now!
Uwerx is currently running its Stage 5 presale at $0.041. Join the presale and enjoy the opportunity of a 15% bonus now! Since Stage 1 and 4 presales were completed in record time, it’s no doubt the ongoing presale will be completed soon. Meanwhile, the Uwerx team had to modify token allocation due to the community demands and high presale speed.
Uwerx is also scheduled to run a test airdrop by the end of the presale on the 31st of July, 2023. There are many more exciting features Uwerx has to offer. You can join the growing community to know more or send a suggestion/feedback to [email protected].
Join the revolutionary Uwerx across social media platforms for more updates!
You're reading Bank Of China Adopts Ethereum (Eth) Blockchain
Blockchain has made its existence in the market for a few decades now. But its usage surged in recent years with people becoming more aware of its uses and features. Blockchain has a fascinating history in which it achieved its goal by launching cryptocurrency.
The fundamental functions of blockchain are to act like a digital ledger that verifies, conducts and keeps a record of digital transactions. It is through this source that Bitcoin and a dozen of other cryptocurrencies exist. Cryptocurrencies are digital currencies that fill in the space of physical money in the technology world. Blockchain serves as a source to make cryptocurrencies legitimate and help establish their value in the marketplace of their activity.
In the fast-growing world, Bitcoin and cryptocurrencies are driven to a place where it is becoming an ordinary currency in the digital media. Even though the results are not as good as expected, there are certain easy ways to spend or transfer cryptocurrencies via blockchain transaction. Blockchain-related concepts have the ability to evolve in a short period. So it is wise to learn the importance of investing in the sector. Currently, investing in cryptocurrency is panning out to be more important than actual spending.
Cryptocurrencies are turning to be investments that people buy and sell in the technology world. CFD is a form in which cryptocurrencies could be transacted without the process of direct transaction. Most of the cyrptocurrency transactions to trade different assets in buying and selling space for financial gains occur at blockchain. This could point out the quick and profound evolution of cryptocurrency in today’s market. We don’t know how much improvement and changes it is going to bring shortly.
Industries like banking, real estate, healthcare, etc are already being disrupted by blockchain. Its power to record, enable, and secure huge numbers and varieties of transactions has brought blockchain to the place where it is now. But the development makes everyone wonder if the same technology could powers bitcoin and enable better execution of strategic projects in a conservative sector like construction, involving large teams of contractors and subcontractors and an abundance of building codes, safety regulations, and standards.
There is no more to wonder as blockchain is already making its debut in the construction sector. Companies are coming up with ways to collaborate blockchain with their management to yield a better outcome. Using blockchain to automate the contractual processes and paperwork under these complex projects could save money, free up valuable resources, and speed up project delivery. These are catastrophically the main expenses while planning for construction and it could be minimized with the help of blockchain.Some companies that brought blockchain into construction a reality
A Harvard Business Review article unravels that HerenBouw, an Amsterdam-based real estate company is applying blockchain to a large-scale development project in the city’s harbour. The objective behind the project is to set up a blockchain-enabled project management system to make the building development life cycle more efficient. HerenBouw is using Minnee’s blockchain application to register transactions at legal binding moments where accuracy and an audit trail is essential.
Upgradation in Ethereum network is set to enhance Bitgert and Centcex in the future
Ethereum protocol upgrades are one of the biggest developments for this blockchain in 2023. The serenity upgrades started in 2023, and so far, many developments have been completed that have made the chain better. The first phase has already been completed, and now the team is working on the second phase. The Massive upgrade of the Ethereum network will benefit many crypto projects, and one of them isBitgert
The massive upgrades the Ethereum network is undergoing are to address most of the limitations of this blockchain. For a long time now, the Ethereum gas fee has been considered the highest and its network speed the slowest. That’s why the team is undertaking an upgrade to address these challenges. But these are problems thatCentcex
For crypto investors looking for the next good investment, check outEthereum
As mentioned above, the Ethereum protocol upgrade is in the second phase, which includes the migration to the PoS consensus. The second phase of the Ethereum upgrade will also include introducing the sharding technology to make it multichain. These developments will make Ethereum faster and also lower the gas fee.
Ethereum protocol upgrades are one of the biggest developments for this blockchain in 2023. The serenity upgrades started in 2023, and so far, many developments have been completed that have made the chain better. The first phase has already been completed, and now the team is working on the second phase. The Massive upgrade of the Ethereum network will benefit many crypto projects, and one of them is Bitgert . The BRC20 blockchain is one of the chains looking to outperform the Ethereum blockchain. In fact, the Bitgert blockchain has been gaining a lot of attention after addressing most of the Ethereum limitations. Read more below:The massive upgrades the Ethereum network is undergoing are to address most of the limitations of this blockchain. For a long time now, the Ethereum gas fee has been considered the highest and its network speed the slowest. That’s why the team is undertaking an upgrade to address these challenges. But these are problems that Bitgert has addressed. The Bitgert team launched the most robust blockchain in the market today. The Bitgert BRC20 blockchain is the first chain to address the Ethereum high gas fee by building a zero-gas fee blockchain. Bitgert is the first gasless blockchain, which costs crypto investors as little as $0.0000000000001 for the gas fee for every transaction. The other reason the Bitgert blockchain is benefitting from the Ethereum upgrade is its compatibility with the chain. The Bitgert EVM compatibility enables Ethereum projects to migrate to the Bitgert chain to enjoy a faster chain and the lowest gas fee. Therefore, Bitgert will be one of the blockchains that will reap big from this chúng tôi crypto investors looking for the next good investment, check out Centcex . Centcex may be a new crypto project, but the crypto community has been giving it a lot of attention lately. That’s why Centcex coin price has been growing rapidly. There are also some that have been comparing it with Bitgert due to the fast speed of delivery of the project. The team has done so much for the short period of about four months that the Centcex project has been around. The upcoming Centcex developments are some of the reasons why the crypto community is interested in this project. The biggest of them is the multiple products (unlimited number) the Centcex team is building. Already, the team is about to launch the Centcex crypto exchange, which is the first project for this ecosystem. The project’s utility might be next to Bitgert As mentioned above, the Ethereum protocol upgrade is in the second phase, which includes the migration to the PoS consensus. The second phase of the Ethereum upgrade will also include introducing the sharding technology to make it multichain. These developments will make Ethereum faster and also lower the gas fee. The recent update from the Ethereum team is the reduction of the gas fee, which has been credited to second phase upgrades. Before the third phase is completed, Ethereum can expect a lot of competition in the market. Among them is the massive growth of the projects like Bitgert , which currently has a superior blockchain.
One of the biggest things crypto projects must do is to keep the community updated on the ongoing developments. That’s how the project hype grows, and the community keeps energized.Bitgert (BRISE)
The latestEthereum (ETH)
The most recent update from the Ethereum team is the coming of the Ethereum merge. After delays, the Ethereum team has finally made it official that the merge is happening on the 15th of September. This is just about two days from today. The Ethereum merge is a big deal, and we are likely to see the Ethereum coin explode after the launch.Ripple (XRP)
Ripple or XRP have also been releasing updates, especially in developments the Ripple team is making to grow the coin adoption. The adoption of Ripple by key global chain stores as a payment method has also been featured in the Ripple updates. Note that XRP is one of the top 10 coins in the market today.Centcex (CENX)
One of the biggest things crypto projects must do is to keep the community updated on the ongoing developments. That’s how the project hype grows, and the community keeps energized. Bitgert (BRISE) , Ethereum (ETH), and Ripple (XRP) are some of the projects that have recently released exciting updates. The Bitgert team has just updated on the state of the tier-1 exchange listing, which has been one of the widely awaited moves. Here are some of the key updates that the crypto community needs to know about Bitgert (BRISE) , Ethereum (ETH), and Ripple (XRP) projects:The latest Bitgert update has been about the weekly updates the Bitgert team just released yesterday. According to the updates, Bitgert has finalized the signing of the Bitgert tier-1 exchange listing, and the team is now working on the integration process. The Bitgert will also be listing on multiple tier-2 &3 exchanges. The recent listing after the updates is on AAA Exchange and Catex Exchange. Bitgert team also updated on the Paybrise smart contract completion and that the team is working on the front-end. Bitgert – Bitkeep integration is also complete. These are massive chúng tôi most recent update from the Ethereum team is the coming of the Ethereum merge. After delays, the Ethereum team has finally made it official that the merge is happening on the 15of September. This is just about two days from today. The Ethereum merge is a big deal, and we are likely to see the Ethereum coin explode after the launch.Ripple or XRP have also been releasing updates, especially in developments the Ripple team is making to grow the coin adoption. The adoption of Ripple by key global chain stores as a payment method has also been featured in the Ripple updates. Note that XRP is one of the top 10 coins in the market chúng tôi are going to add Centcex because it is one of the coins that have done so well in the market today. The Centcex coin has been skyrocketing as well just like Bitgert in the past few weeks. The Centcex price predictions show that CENX has the potential to grow investors’ holdings by over 300% in the next few weeks. Therefore, Centcex will be one of the coins to watch in the next few weeks. As crypto experts say, Centcex is a coin that will make investors good returns in the next few weeks.
Ethereum is undergoing groundbreaking changes while preparing for the future crypto markets. The Ethereum Merge scheduled for September 13 will move the blockchain from the proof-of-work to the proof-of-stake system. The change will likely lead to an Ethereum rally, pushing the price of ETH tokens to as high as $3,300.
The change came at a perfect time, as the Merge will reduce Ethereum’s energy consumption by 99.95%. Considering that the worldwide energy crisis is at our doorstep, ETH is making the right move. However, even though it’s likely to go on a bull run, it can’t compare with the growth potential of the newest meme coin, Tamadoge.Tamadoge – The New Meme Coin With 100x Growth Potential
While Ethereum is about to make one of the biggest changes in the history of cryptos to prepare for future growth, Tamadoge price predictions put the new meme coin at the top of the growth charts. TAMA tokens have already tripled in presale prices, but the real growth will happen only after the project goes live in late 2023. Namely, Tamadoge is the first meme coin with good token utilization. It’s set in a metaverse called the Tamaverse, and all transactions in the game require TAMA tokens. That includes trading items with other players, selling them in the dedicated Tama NFT Petstore, and everything else. There is a total of 2 billion pre-mined tokens, but the supply will diminish over time, as 5% of all tokens used will be burned regularly.Incredible Token Demand During Presale
TAMA tokens are still available in presale at 40 tokens per 1 USDT. After another 50 million coins are sold, the price will increase to 36.36 TAMA per 1 USDT. However, TAMA tokens will likely grow at least ten times after the project goes live and becomes available on all major CEXs. Some experts predict it’ll grow by 100 times within the next year, so don’t miss out on the crypto with the biggest growth potential in 2023.How to Buy TAMA?
Although the Tamadoge presale started only recently, investors worldwide have already done their part to capitalize on this incredible investment opportunity. Check out this guide if you want to become a Tamadoge community member and potentially get rich by investing in Tamadoge. The step-by-step guide will explain each process in great detail, so make sure to read it carefully. Once you complete all the steps, you’ll be a proud owner of your first Tamadoge token. Step 1 – Create a Crypto Wallet If you don’t already have one, you first need to create a crypto wallet to buy Tamadoge. Most wallets are simple to create and are completely free. With that said, we recommend that you go with MetaMask since it includes multi-chain support. Go to MetaMask’s official website, press “Download,” and follow the instructions to set it up. Step 2 – Buy ETH/USDT You can buy TAMA coins only through Ethereum (ETH) or Tether (USDT). Both of these cryptos can be acquired through the major crypto exchange platform. However, you also have the option to purchase ETH directly via credit/debit card on Tamadoge’s official presale platform. After you buy ETH/USDT, transfer the tokens into your crypto wallet. Step 3 – Connect the Crypto Wallet with Tamadoge’s Presale Platform Go to the official Tamadoge website and press ‘Buy.’ Step 4 – Purchase Tamadoge Type in the exact amount of TAMA coins that you want to buy (the minimum is 10,000) and press ‘Convert ETH’ or ‘Convert USDT.’ Double-check the information you entered and confirm the transaction if everything is correct. Step 5 – Claim the Tokens Lastly, all that’s left for you to do is claim the Tamadoge tokens. But, you should know that the ‘Claim’ option will be available only once the presale ends.The Merge – The Next Big Milestone For Ethereum Network
Ethereum’s Merge is about to introduce one of the biggest changes in cryptocurrency markets. The network will move to the proof-of-stake mechanism instead of the proof-of-work consensus used until now. Ethereum is improving its utility over time, reaching 1.7 billion transactions. Once the Merge goes live, the network will airdrop the new ETH PoW token, becoming the only option for ETH miners.Who is Eligible For the ETH PoW Token Airdrop?
All ETH token holders will be able to declare their ETH PoW tokens after the Merge on September 13. However, there are seven things token holders have to consider during the Merge to get the most out of the newly-introduced changes. The Merge will prevent further ETH mining, so miners can only turn to PoW tokens to continue generating cryptos. ETH PoW tokens will be given out to all crypto holders and traders that maintain ETH in hardware pockets that help the fork. They must have full custody of the pockets. If holders maintain their tokens in trade pockets, they could lose access to the forked tokens. BitMEX and Poloniex are the first exchanges to stand behind ETH PoW tokens, making them available for trade on their platforms. They will also act as a trade coverage test for the planned Merge. However, traders and collectors that keep their Ethereum tokens on layer-2 platforms such as Arbitrum, Avalanche, Polygon, or others will not receive any PoW coins. Also, all Ethereum tokens used to provide liquidity for other altcoins are not eligible for the airdrop except for tokens connected to the mainnet.Ethereum Rally
After the Merge is complete, Ethereum will likely double in price, moving to as high as $3,300 from the current $1,500 price level. If the price reaches $2,500, it’s likely to keep growing to over $3,000. However, if it drops below $1,400, the uptrend is unlikely to happen soon.
Perhaps you have heard about RoboApe (RBA), the new coin taking the crypto-verse by the storm. How about we show you why a meme coin like RBA has dared to stand out from its stereotypes?
Let’s dive in.Meme Coins: A Backstory
Meme coins are cryptocurrencies, just like Bitcoin (BTC), Ethereum (ETH), or Solana (SOL). But unlike those tokens, meme coins are typically designed as an homage to a meme, an interesting idea captured in an image, video, or even text. Like the memes they’re based on, meme coins are designed to go viral and be shared.
For instance, Dogecoin (DOGE), the biggest meme coin on the market, was created as a joke to mock Bitcoin and other mainstream cryptocurrencies. Its developers, software engineers Billy Markus and Jackson Palmer, didn’t intend to build out any real use from it.
Unlike utility tokens, meme coins generally aren’t used for joining a DAO, staking, or making purchases within a particular ecosystem.
And here is where RoboApe begs to differ.Enter: RoboApe Token (RBA)
RoboApe (RBA) is a decentralized meme cryptocurrency based on the Ethereum (ETH) network, similar to Apecoin. The platform features an NFT marketplace where users may buy, sell, and trade NFTs. RoboApe’s NFT marketplace charges an RBA gas fee for minting new NFT tokens.
Users will be able to make and sell RoboApe trading cards with pictures and GIF memes. The NFT, once created, will appear in the creator’s wallet.
The crypto world has become so saturated that it has become difficult for new cryptocurrencies to gain ground. But the RoboApe is sufficiently equipped to tackle these difficulties through its exceptional product offering, covering a wide range of services that every demographic would find helpful.
Besides, RoboApe (RBA) is a deflationary meme currency that will generate a demand for its use. By eliminating the excess supply, the cryptocurrency’s value will stabilise, and investors will get the most return from this coin. The platform also has the RoboApe Academy, a free educational resource center designed to foster a simple and enjoyable blockchain for its users.
RBA serves to facilitate the community and deepen interaction and collaborations between investors and crypto users, offering several different benefits such as facilitating participation in DAO and the governance of the platform, minting and trading of NFTs, and rewards for holding tokens. In addition, the RoboApe (RBA) network promises to provide DeFi, NFTs, DEX, eSports, crypto education, and gaming for its users. For example, you can host the popular ‘Ask Me Anything’ to optimize users’ experience and the platform’s accountability.
Charity and philanthropy are key to the RoboApe (RBA) network. Consequently, organizing and engaging in philanthropic events and games will play a significant role in the RBA ecosystem. RoboApe will offer a variety of philanthropic activities and events to make the world a better place.
The RBA token presale is on, and it is selling at $0.00009 per token.Ethereum (ETH)
Ethereum (ETH) is a top choice cryptocurrency to invest in 2023, playing host to hundreds of dApps and marketplaces, metaverse projects, and offering high-grade security architecture to crypto projects. It is a decentralized, open-source blockchain with smart contract functionality with Ether (ETH) as its native cryptocurrency. It is second only to Bitcoin (BTC) in market capitalization with over $218 billion.
It is famed as the blockchain for hosting hundreds of dApps, marketplaces, and blockchain platforms while offering ultra-grade security to projects. It is an open-source, decentralized blockchain with smart contract functionality—ether (ETH) as its native cryptocurrency.
According to CoinMarketCap, as of the time of writing, ETH is trading at $1261.58. However, there are predictions that ETH could end 2023 between $6,500 and $7,500 if the same mid-2024 bullish uptrend should continue.
2024 has been a bearish season, meaning that ETH may not achieve its projected price. Already, there is considerable competition from rival platforms like Solana (SOL) and Cardano (ADA), with less costly, faster and more scalable blockchain protocols.
However, analysts suggest that the value of Ethereum (ETH) may go bullish with time, and the most significant gain often comes from investing in Ethereum for the long term.
If you want to learn more, have a read of what Bitcoinist are saying about RoboApe.
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