Cryptocurrencies are constantly evolving, and the newly developed Multichain technology has been on the rise since its launch. The blockchain industry has greatly benefited from the technologys ability to connect different blockchains and aims at improving interoperability. They allow communication among blockchain networks, including the popular platform Fantom. Regardless of their essential utility, Fantom wasnt a choice for the prominent AI decentralized network, Avorak.

Multichain platforms allow seamless communication among different blockchains and allow connections that enable data transfer. This has led to increased adoption of decentralized finance (DeFi) platforms.

Fantom is among the fastest multichain platforms that also transact at low fees. Regardless of its great features, the platform has recently been facing changes in service delivery. As such, this has led to concerns about its reliability, halting Avoraks expansion.

In recent months, Fantom has experienced network outages that have caused transaction delays. This has inconvenienced its users, raising questions about the networks reliability. The platforms integrity based on stability and its power to provide for increasing demand for DeFi and dApp has been questioned.

Avorak, an AI decentralized exchange, had set sights on partnering with Fantom, but the move was indefinitely postponed due to various issues.

Avorak is an automated market maker (AMM), an advanced decentralized exchange (DEX) that uses artificial intelligence to deliver its services. The platform has considered expanding its reach to other platforms, including Multichain platforms like Fantom. However, Avorak had to rethink its plans since Fantom has issues that could affect Avoraks general market performance.

Avorak offers a variety of features, including its ability to analyze the market and offer the best and most effective recommendations based on real-time data. As such, it is a very reliable platform that uses AI in its services, including providing trading features through Avorak Trade. Among them are automated crypto trading strategies that are very profitable. Moreover, such features require it to rely on fast, stable platforms in delivering its services. Fantom did not make the cut for this advanced technology.

Among the main concerns Avorak raised was the total value locked (TVL) of the Fantom blockchain. TVL is essential in understanding a projects popularity and market success. Fantoms TVL has been steadily increasing, reaching over $2 billion in May. However, any issues Fantom faces could impact this amount. This has made Avorak cautious about expanding with Fantom due to potential issues. Instead, Avorak chose other options like Binance Smart Chain, which are more stable and reliable.

Multichain platforms continue to grow in popularity, but Fantom has faced issues with reliability and stability, making investors worry. Avorak intended to link with the Fantom multichain platform but had to rethink its plans due to network issues.

However, Avorak remains a resilient, decentralized blockchain platform that has the potential to dominate the cryptocurrency market.

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register

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What's the Latest Update on Multichain? Could Fantom Issues Halt ... - Analytics Insight

Dubai, United Arab Emirates, 16th May 2023, King NewsWire Soldait is an emerging cutting-edge blockchain solution and decentralized payment platform. In the latest development, the company has announced the launch of its suite of products and the introduction of the Soldait Token. The Soldait ecosystem comprises of a payment gateway (SoldaitPay), a decentralized exchange (Soldaitswap), a multi-wallet, and a multi-vendor platform, among others. These products aim to streamline the payment process and make it faster, more secure, and accessible for everyone.

The company focuses on the innovative prospects of the future of payments lies in decentralized, blockchain-based solutions that prioritize security, speed, and accessibility. With Soldait Solutions, the team is putting the power back in the hands of consumers and merchants, eliminating the need for intermediaries, and reducing the cost of money transfers.

SoldaitPay, the flagship product of Soldait, is a smart payment gateway that allows users to make payments using fiat currencies and cryptocurrencies. The payment process is facilitated by smart contracts, which ensure the security and transparency of each transaction.

Additionally, Soldaitswap is a decentralized exchange that enables users to trade cryptocurrencies without having to surrender control of their wallets. With a low fee and 24/7 availability, Soldaitswap provides traders with an easy, secure, and anonymous trading platform.

The Soldait multi-wallet is a multi-platform app that enables users to store and manage their digital assets. The wallet is designed to be user-friendly and secure, providing users with complete control over their assets.

Soldait also facilitates with a multi-vendor platform, which allows vendors to market their products online and reach a global audience. The platform is designed to be user-friendly and accessible, providing vendors with a cost-effective way to reach customers.

Furthermore, the Soldait ecosystem also includes a blockchain network, an online store, and a Visa integration, among other products. The Soldait Token, which is based on the Binance Smart Chain, powers and enhances the payment systems within the Soldait ecosystem.

Soldait Token is a smart contract based on Binance Smart Chain (BSC) that aims to improve and enhance payment systems. The goal of Soldait Token is to increase efficiency and reduce the cost of money transfers while allowing for instant cross-border payments. There are a total 350M fixed token not able to increase that allow system to work with smart, easy & safe. In the conclusion, the objective of the company is to create a new payment system that is accessible to everyone, regardless of their location or financial status.

About the Company Soldait

Soldait is a decentralized payment platform and blockchain solution that aims to streamline the payment process and make it faster, more secure, and accessible for everyone. With a suite of products, including a payment gateway, a decentralized exchange, and a multi-wallet, Soldait is changing the way we think about payments.

For further information, potential users can visit the following link: https://soldait.com/

Organization: SOLDAIT

Contact Person: Mostafa abdelmohsen

Website: http://Soldait.com

Email: [emailprotected]

City: Dubai

Country: United Arab Emirates

Release Id: 1605233556

The post Soldait Solutions and Token Set To Disrupt The Payments Industry appeared first on King Newswire.

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Soldait Solutions and Token Set To Disrupt The Payments Industry - Digital Journal

Influencer, entrepreneur, and self-help guru Tai Lopez is having a very strange year. The usually loud and self-centered 46-year-old, well known for his videos showcasing his sports cars, mansions, and bookshelves, has gone uncharacteristically quiet on his social media save for YouTube and Instagram, where he continues to push self-help podcasts and book reviews. So, whats going on?

Lopezs last post on Twitter roughly two months ago announced the sad news of his best friends passing. While its undoubtedly tragic to lose a loved one and certainly a valid reason to take a social media hiatus the loss isnt the only explanation as to why Lopezs posting has diminished.

On March 2, the Wall Street Journal reported that Lopezs company, Retail Ecommerce Ventures, LLC, was struggling to stay afloat and seeking legal assistance from Kirkland and Ellis, the same law firm working with Celsius Network and Voyager Digital in their respective bankruptcy cases.

There has been no update since.

Lopez started Retail Ecommerce Ventures with fellow multimillionaire Alex Mehr. Throughout 2020 to 2022, Lopez boasted about his acquisitions, which included bankrupt companies like RadioShack, Pier1, Franklin Mint, and Modells. However, Lopez has refrained from discussing his business ventures in the past year and has shifted his focus to monetizing his audience through his 67 Step program and answering questions related to energy levels.

Meanwhile, his business partner Mehr has deleted his Instagram profile and hasnt posted on Facebook for nearly three years.

Many of the duos acquisitions, which are former retail brick-and-mortar stores transitioned into ecommerce companies, have once again fallen on hard times.

Pier1 Imports has gone from a home furniture and decoration chain to a seller of fragrances; The Franklin Mint has moved on from selling painted coins to hats, mugs, and sports memorabilia, and RadioShack once a major electronics retailer in the US, attempted and failed to rebrand as a web3 company.

Read more: How wire fraud, not securities violations, lands crypto criminals in prison

RadioShack may have been Lopezs most successful venture into failed-business acquisitions. Its Twitter account quickly gained a substantial following due to provocative posts and trolling of critics. Unfortunately, two weeks after FTXs collapse, the account fell silent and hasnt been active since.

The electronics chain, which pinned its hopes on becoming a decentralized exchange and even spun up a token on the Binance Smart Chain, has shuttered RadioShack.org. Its crypto token, RADIO, has plummeted from a high of $0.037 to $0.00065 a loss of 98%.

So while its impossible to say if Lopez or Retail Ecommerce Ventures will be bankrupt soon, its quite clear that all of his acquisitions are struggling. Not to mention, Lopezs pleas for people to contact him about selling their companies doesnt inspire confidence, as one online commentator noted.

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Failing ventures and Twitter hiatus spark Tai Lopez bankruptcy ... - Protos

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writers opinion.

Binances (BNB)ecosystem has been at the receiving end of an unrelenting regulatory pushback in the first quarter of 2023, casting serious concerns on the future of one of the largest entities in the crypto space.

The latest salvo directed at the crypto-behemoth was the lawsuit by U.S. Commodity Futures Trading Commission (CFTC), accusing the exchange and Founder Changpeng Zhao (CZ) of violating local compliance rules to expand its business.

Earlier in February, Paxos, the issuer of the Binance branded stablecoin BUSD, was directed by the New York Department of Financial Services (NYDFS) to stop minting new tokens. The action, according to the regulator, was brought about by several unresolved issues related to Paxos oversight of its relationship with Binance.

The impact of these crackdowns has been severe. According to a report by crypto-market data provider Kaiko, Binance lost a 16% share of global trading volume in Q1 2023. The lawsuit-induced FUD resulted in a radical shake-up of its exchange reserves with users withdrawing funds for self-custody.

Moreover, the net stablecoin outflow reached -$295 million/day recently, which was the largest net outflow in the history of the worlds largest crypto exchange. Stablecoin liquidity is one of the most crucial parameters to gauge the health of a crypto-trading platform.

The future course for Binance and its native token Binance Coin [BNB] is shrouded in uncertainty. And, most of the investors and analysts in the space would be busy understanding the dynamics to make informed decisions going forward. We, at AMB Crypto, tried to get some help from an unlikely ally ChatGPT

ReadPrice Prediction for Binance Coin (BNB)2023-24

Ever since it burst onto the scene, ChatGPT has become a rage, revolutionizing the way humans interact with AI. People have flooded the AI-powered chatbot with a plethora of use cases to get assistance for literally anything. Right from finding a bug in a code, asking philosophical questions about life, getting dating advice, and even writing full-fledged media articles (not this one though).

Put simply, it functions like a conventional chatbot that we have encountered in the customer support section of different e-commerce companies. However, the big difference here is that the communication is more conversational, or to put it in a different way, more human-like.

Well, this is because it has been trained using reinforcement learning from human feedback (RLHF). This helps it understand instructions and generates nuanced responses.

But cryptos? Binance? Are we stretching the limits of ChatGPT? Lets see.

Binance is not new to compliance-related issues in the U.S. In 2019, it ceased to operate in the country and launched a separate exchange, Binance.US, its American arm.

The platforms structure is quite similar to the fallen FTX in the sense that a major part of its administration is being controlled from outside the U.S. Hence, it has always been under the radar of the regulators.

We started to test our AI friend by posing this very sweeping, although controversial, question. Now, the ability of ChatGPT to express itself is hindered because of the restrictions imposed by the creators. To make it speak its mind, we used the jailbreak hack.

As is evident, ChatGPT refused to make it a Binance v. U.S. government binary and highlighted that the exchanges woes are not limited to one market. It acknowledged that Binance is taking steps to correct its image but the future remains uncertain. It was quite fascinating to note that ChatGPT steered clear of making definitive statements, something which any expert or analyst in this space wouldve done.

Apart from regulatory concerns, the ecosystems blockchain, BNB Chain, has gained notoriety for the rising number of decentralized finance (DeFi) hacks of late. As per a report by ImmuneFi, a Web3 bug bounty platform, BNB Chain was the most targeted chain in Q1 2023 with 33 incidents of hacks and exploits.

Here again, we turn to our AI partner to know if hacks will be the undoing for Binance. This time, it seemed as if it was waiting for this question to be hurled at its end.

ChatGPT said hacks were definitely a cause for concern and advised the developers to prioritize the issue as it may have a damaging effect not just on the adoption of the BNB Chain, but on the value of the BNB coin as well.

Well, ChatGPT would be glad to know that its word of caution was taken seriously. To address the security loopholes, BNB Chain soon announced a hard fork which is scheduled to go live on 12 April.

Another thing that caught our attention was the use of BSC rather than BNB in the latest response. Now, its a known fact that Binance Chain and Binance Smart Chain are now collectively referred to as one entity BNB Chain. This change was introduced in February 2022. However, ChatGPT continued to use BSC Chain.

This, because its knowledge cutoff date is September 2021, meaning that it will base its answers on the information available until this date only.

At press time, BNB was the third-largest cryptocurrency (excluding stablecoins) in the sector, with a market cap of more than $50 billion, per CoinMarketCap data. As a result, significant fluctuations in its value could create ripples in the broader crypto market.

BNB commenced a bullish cycle at the start of 2023, something that has helped it in gaining 27% on a year-to-date (YTD) basis. However, recent hiccups have applied brakes on its momentum. Since the CFTC lawsuit, the coin has shed 4.5% of its value.

Although setting unrealistic expectations amidst this FUD is not the most sensible thing to do, we tried to put ChatGPT under a bit of pressure. We asked whether it sees BNB touching $350 in 2023 given the current state of uncertainty. And, it impressed again.

As was the case earlier, it didnt give a definite value or a price range, which was its USP. Or else it would have felt like a soothsayer predicting the results of FIFA World Cup matches, like Paul the Octopus.

In a very measured way, it outlined factors like market trends, technological developments, and regulatory changes, which will eventually decide the course of any coin. It also called attention to Binances strong DeFi ecosystem which could support BNBs price in the long run.

Enough of the AI praising! Needless to say, it isnt practical to only depend on what an AI tool says when it comes to price predictions and markets. There is nothing like getting the insights of real-world experts. Therefore, we got in touch with Marius Grigoras, Chief Executive Officer at BHero and a crypto-expert, to help us out with the same question that we asked ChatGPT. He stated

While I cannot give a certain answer on whether BNB will reach $350 in 2023, we must consider the general market dynamics. Its evident that the recent regulatory crackdown has taken its toll on the entire crypto market, including BNB. But despite some fluctuations in price which may occur in the short term, I believe BNB possesses the resilience to rebound even stronger in the long haul.

Did you find similarities between human opinion and AI opinion?

Is your portfolio green? Check out theBNB Profit Calculator

Earlier this week, BNB stormed past multiple support zones to reach a seven week low of $301, marking a decline of more than 7%. The token has since recovered to its current trading price of $312.

$292 has emerged as the new support zone for the worlds fourth largest cryptocurrency by market capitalization, which currently stands at $48 billion.

As for the bull case, $350 is the resistance zone to look out for. A breach at this level will pave the way for a massive rally.

BNBs latest daily trading volume came in at $516 million. BNBs technical indicators showed that the relative strength index (RSI) hovered at the oversold earlier this week, but has since moved towards the midline.

The current RSI reading of 56 doesnt indicate if BNB is oversold or overbought. Meanwhile the On Balance Volume (OBV) is currently at 225 million, indicating positive volume pressure for BNB and potentially higher prices in the future.

BNBs Open Interest (OI) or the total dollar value locked in unsettled contracts on Futures exchanges was $308.7 million. The same saw a marginal drop of 0.54% over the last 24 hours, as per Coinglass. Since the CFTC lawsuit, the OI has declined by 12%.

The funding rates across most exchanges seemed to be in green though, indicating the dominance of bullish traders.

Additionally, traders positioning themselves for price gains increased vis--vis those looking for price losses, as the Longs/Shorts Ratio hiked to 1.25%.

Its important to note that these indicators fluctuate on a day-to-day basis and can take a wild turn in no time. Therefore, the next course of action for BNB is tough to predict. Only time will tell whether it will manage to weather this storm.

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I asked ChatGPT about BNBs next course of action, it said - AMBCrypto News