8 hours ago
Analyst Predictions are Out: Render, Stacks, and Web3Bay Poised for 100x Profits – Find Out Why During the ongoing market rally, analysts have highly rated Render, Stacks, and Web3Bay, the latter making waves in the decentralized e-commerce sector. Render is currently experiencing strong market momentum, indicated by its recent price increases and expanding partnerships that signal potential for future growth in its GPU-powered decentralized network. Stacks has achieved a significant milestone with the launch of the ‘Nakamoto’ upgrade, enhancing both speed and security, and it has set ambitious price targets following an increase in user engagement and smart contract activity. Web3Bay is introducing a transformative e-commerce ecosystem built on blockchain technology, aiming to revolutionize online shopping with enhanced security, community-driven governance, and versatile transaction options. As each project develops, Web3Bay is particularly notable for its innovative approach to merging decentralized shopping experiences within a community-oriented platform. Render Sees Growing Momentum Render has been capitalizing on bullish market trends, supported by its decentralized GPU rendering network that connects creators with GPU resources. This platform provides an economical and efficient solution for rendering tasks, gaining popularity among artists, developers, and creatives who require high-performance graphics at lower costs. With a significant 21.39% price increase over the past week, Render is garnering increasing market attention, especially as it nears critical price thresholds. Render’s growth is bolstered by strategic partnerships, including a recent collaboration with Apple, enhancing its credibility and market reach. Analysts are optimistic about RNDR’s potential, with projections of substantial price increases in the near future. Render’s dedication to delivering cost-effective, high-quality rendering services positions it as a preferred provider in the sector. Stacks Enhances Capabilities with Nakamoto Upgrade Stacks is strengthening its foundation for Bitcoin-based smart contracts with the Nakamoto upgrade, marking a significant advancement in transaction speed and security, which benefits developers of decentralized applications. This upgrade has contributed to a price surge of over 30% in the past month, driven by unprecedented levels of smart contract deployment and growing interest in its ecosystem. Stacks is increasingly recognized for its ability to extend Bitcoin’s functionality, attracting more users to decentralized finance and applications. With rising adoption and an increase in total value locked, there is a strong sentiment about STX’s potential for further gains. The project’s emphasis on enhancing Bitcoin’s capabilities positions it as an exciting option for long-term decentralized solutions. Web3Bay: Revolutionizing E-commerce Web3Bay is redefining the online shopping experience with its blockchain-based e-commerce platform. Unlike traditional platforms, Web3Bay offers a decentralized marketplace that empowers users to fully control their data and transactions. By leveraging blockchain technology, Web3Bay enhances security, transparency, and user experience, bridging the gap between conventional e-commerce and Web3. It supports transactions using both cryptocurrencies and mainstream payment methods like PayPal, broadening its accessibility. The 3BAY token, integral to Web3Bay’s operations, has shown impressive returns for early investors. During its presale stages, the price of 3BAY has consistently risen, achieving a remarkable 6430% return on investment for those who participated early. The strong demand and growth potential are evident as Web3Bay gears up for its full launch. Web3Bay’s unique model fosters significant network growth by rewarding active user engagement, making community interaction a key driver of its development. This community-centric approach, coupled with decentralized governance, ensures the platform remains responsive to user needs, promoting continued growth and adding value to the 3BAY token. As interest grows, many are recognizing 3BAY as a potential 100x asset, distinguishing it in today’s competitive market. With a progressive approach to e-commerce and a robust token economy, Web3Bay is positioning the 3BAY token as an attractive investment for those looking to capitalize on the future of decentralized, community-driven online commerce. In Conclusion While each project—Web3Bay, Render, and Stacks—brings unique strengths, Web3Bay’s comprehensive e-commerce ecosystem sets it apart as a standout choice. Render’s ongoing bullish momentum in the graphics field and Stacks’ ambitious targets with its Bitcoin-focused smart contracts are notable, but Web3Bay’s integration of blockchain technology with online shopping, creating a community-based marketplace, presents a compelling case. With high ROI potential and the prospect of becoming a next 100x asset, Web3Bay’s decentralized, user-centric model makes it an appealing choice for those exploring the innovative frontiers of e-commerce on the blockchain. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
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Ethereum Price Drops Below $3350 with ETH Dominance Slipping to 12.40%
Ethereum Price Dips Below $3350 as ETH Dominance Falls to 12.40% ————— ????Coin: ETH ( $ETH ) $3,347.00 ————— NFA. NullTx
Tornado Cash Co-Founder Fights Back: Will Roman Storm’s Charges Be Dropped?
The post Tornado Cash Co-Founder Fights Back: Will Roman Storm’s Charges Be Dropped? appeared first on Coinpedia Fintech News Roman Storm, the co-founder of Tornado Cash, is pushing to have criminal charges against him dropped, following a major win in court. The Fifth Circuit Appeals Court recently ruled that the U.S. Treasury’s sanctions on Tornado Cash’s smart contracts were unlawful. This ruling could be a game-changer for Storm’s case, which involves serious charges, including money laundering. Moreover, the case went all in favor of Tornado Cash the sanctions helped the native token Torn jump 700% last month. The Court Ruled Out Sanction Clause In its ruling , the appeals court made a bold statement by declaring that Treasury’s sanctions on Tornado Cash’s smart contracts were unlawful. As per the ruling, Tornado Cash’s smart contracts are immutable, meaning they can’t be changed or stopped by anyone, not even the creators. The court also clarified that these contracts are not “property” under U.S. law, so they can’t be blocked or sanctioned by the government. With this key factor, Storm demanded that the court should also drop the severe charges of money laundering, especially the charges that he conspired to violate the International Emergency Economic Powers Act (IEEPA), which forced U.S. sanctions. Storm’s Argument: No Control, No Crime In the quest to fight back, Storm is using this ruling to argue that the charges against him are flawed. He insists that Tornado Cash isn’t a financial institution and that it became immutable back in May 2020—long before the alleged money-laundering accusations. Interestingly, he says there was no way he could have conspired to launder money using a protocol that couldn’t be controlled by anyone, including him. So in simple terms, there is no concrete evidence to prove that he did the money laundering using the platform. The case has drawn massive outrage and initially, the lawsuit was filed by the Tornado Cash users, backed by Coinbase, against the U.S. Treasury and its Office of Foreign Assets Control (OFAC). Although the users initially lost the court case, the ruling was overturned in November 2023, giving Tornado Cash supporters a big win. The case is also a reflection of how the decentralized platforms are treated by US law agencies. The developer’s attempt to challenge the agencies will surely bring some immutable change for future cases. Past Crimes In a similar instance, in August 2023, the U.S. Department of Justice charged Tornado Cash co-founders Roman Storm and Roman Semenov with helping launder over $1 billion in crypto, including funds tied to the North Korean hacker group Lazarus. Semenov is still on the run. The third co-founder, Alexey Pertsev, was arrested in the Netherlands in 2022. Tornado Cash was sanctioned by the U.S. Treasury in 2022 for approving unverified transactions and allowing cybercriminals to steal over $7 billion since 2019. NullTx
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