Fintech PR
Can New Bitcoin BSC Repeat the Bitcoin Price Move from $1 to $30,000 And Mint More Millionaires?
NEW YORK, Sept. 15, 2023 /PRNewswire/ — If you had bought $100 of Bitcoin in 2011, it would have been worth $3m when BTC was trading at $30,000 earlier this year – could Bitcoin BSC ($BTCBSC – bitcoinbsc.io) repeat that feat?
Crypto investors certainly think so, which explains why the ‘Bitcoin on BNB Smart Chain’ staking crypto asset has raised more than $2 million in less than two weeks as its presale races toward the finish line of $3.96 million.
Currently priced at just $0.99 in presale – roughly the price Bitcoin was at in 2011 – Bitcoin BSC has a much better risk-reward profile for potential investors than Bitcoin, not to mention the staking yield that generates an income stream to buttress capital returns.
To be sure not to miss out on the presale alpha opportunities and the listing, which could be next week, follow the project’s X (formerly Twitter) account and join the Telegram group.
Behind the headlines about ‘crypto winter’ which followed failing crypto banks and exchanges, Bitcoin is actually looking in pretty good shape, and so are the Bitcoin derivative and clone coins that seek to provide a value differential over the original offering.
Bitcoin BSC, like Bitcoin, has a total supply of 21 million tokens. However, unlike Bitcoin, it runs on a proof-of-stake network, the BNB Smart Chain, which is a cheaper and more efficient blockchain.
The latest Bitcoin alternative coin has something else going for it that Bitcoin doesn’t – staking built in by design.
If you buy Bitcoin BSC today with BNB, you can start staking and earning yield. Token buyers have jumped at the chance to start locking in passive income. So over 1,000,000 $BTCBSC has been staked and is currently earning an annual percentage yield (APY) of 268%.
The current staked tokens amounts to almost half of the total number of sold $BTCBSC to date.
Often when you see an APY in triple figures, it can ring alarm bells given the huge spread it represents over the current interest rate levels in the advanced economies, which are in single figures.
Everything is transparent with Bitcoin BSC, which means you can keep tabs on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.
In addition, the project’s smart contracts are audited, and a guarantee of locked liquidity has been provided by the team for when it is listed on the Uniswap decentralized exchange (DEX).
With $BTCBSC, there is no impenetrable and opaque algorithm-based financial engineering built on rickety foundations like Terra Luna. Instead, Bitcoin BSC has allocated 69% of token supply to be paid out in rewards to stakers.
The pre-mined $BTCBSC tokens are emitted at a rate of 0.25 $BTCBSC per block in a block production schedule that mimics Bitcoin by rolling time back to 2011.
$BTCBSC rewards are paid out every 10 minutes in a similar fashion to the Bitcoin blockchain.
Bitcoin BSC is part of a new wave of derivative clone coins into the bitcoin space, drawing on the version 2.0 theme but, in this case, also leveraging the utility of staking.
These staking-based bitcoin clone coins come to market with the added security of buyers knowing that they come with a sizeable portion of the token-holding community already committed to the project through their deposits into its staking smart contract.
This means when the token launches on decentralized exchanges, there will be far less selling pressure due to the yield-bearing presence of staking at the heart of its tokenomics.
Staked coins have a seven-day withdrawal lock, after which tokens can be taken off stake at any time. Those who initiate stakes after $BTCBSC is listed will be able to stake their tokens regardless of whether they have bought with BNB or ETH. But if you wish to initiate staking while the presale is still in progress, then you must purchase with BNB.
Staking makes offerings like Bitcoin BSC far superior to the utility-light meme coin version 2 clones such as Pepe 2.0, Dogecoin 2.0, Shiba Inu 2.0, or even the likes of Bitcoin 2.0, whose only resemblance to bitcoin was in the name of the token.
Then there are coins such as HarryPotterObamaSonic10Inu (HPOS10I) that uses the ticker BITCOIN on DEXs – although most centralized exchanges refuse to allow it to use it. It does not have a 21 million supply and is really a meme coin take on Bitcoin with zero utility.
Nevertheless, as a meme coin that has achieved a level of virality, HPOS10I has attracted substantial interest, providing an example of the power of ‘bitcoin’ brand name recognition. From launch to peak, HPOS10I has returned 66,000% for early investors, provided they sold at the top.
But Bitcoin BSC is looking to play at the more serious end of the spectrum, where coins such as Bitcoin Cash and Bitcoin SV have attracted considerable attention as alternatives to Bitcoin.
However, these assets are forks from the original blockchain and carry all the baggage and complications that come with that, such as maintaining and developing the protocol.
Still, Bitcoin Cash was the earliest such fork if we exclude Litecoin, and although it is some way off its highs, it has nevertheless been able to outperform Bitcoin in recent weeks.
Then there’s BTC20 coin which launched a little over a month ago and also compares favorably to Bitcoin. While bitcoin has slid, at one stage slipping under $25,000 earlier this week, BTC20 has not only stayed in the green, it has been earning yield for its stakers.
While Bitcoin is down 7.3% in the past 30 days, BTC20 is up 14% on its list price of $1. Bitcoin Cash is up 4.5% in the past month, also outperforming Bitcoin.
We should also add that in the case of BTC20, shortly after listing, it reached an all-time high of $5.9 for a 6x return for presale investors.
Although some of the comparative returns cited above may not feel particularly spectacular by crypto volatility standards, savvy investors who have been around the block will be aware of the improving fundamentals for Bitcoin and how clone coins with better risk-reward potential, like Bitcoin BSC, are likely to benefit in an outsized way.
Joe Parys Crypto YouTube channel, with 300k-plus subscribers, is tipping $BTCBSC as one of five Bitcoin alternatives to see a price explosion.
Another crypto YouTube analyst has invested $840 into BTCBSC, attracted by the APY as well as the token price appreciation potential.
Bitcoin block rewards are due for their four-yearly halving in April 2024, and if past performance is a guide, the coin is on the cusp of yet another bull run. Each previous halving cycle bull run has seen bitcoin hit higher highs.
Aligning with that view, Pantera Capital predicts that the next cycle will be no different. The crypto asset manager reckons bitcoin will retrace back to $36,000 by the end of this year and surge to around $147k in the next halving cycle.
True to form, bitcoin derivative coins will be among the leading beneficiaries of the halving cycle bull run, likely to outpace many other altcoins.
Institutions and savvy investors have started accumulating Bitcoin in readiness for the next bull run.
Aside from the halving, the prospect of a spot Bitcoin ETF and the flood of new money – retail and institutional – that will flow into the Bitcoin and broader crypto market as a result, means the next altcoin season threatens to be the mother of all melt ups.
Do your own research, but it probably makes sense to get ready for the upturn by adding some low-cap sparkle to your portfolio.
A relatively modest allocation now to Bitcoin BSC could turn into 5x or even 100x gains very quickly, and in the near future, as we go into the halving cycle, life-changing profits could be on the table.
If you think digital currencies like Bitcoin are the future but missed out the first time around, then Bitcoin BSC provides a rare opportunity to grab a slice of the action before the bulls start rampaging.
You can buy $BTCBSC today with BNB, ETH or USDT. The minimum purchase amount is $10. Buy with BNB if you want to start staking straightaway before the presale ends. Those who choose to buy with ETH can start staking as soon as the presale ends.
Media contact: [email protected]
Website: bitcoinbsc.io
Social Channels: Twitter | Telegram Community
Photo – https://mma.prnewswire.com/media/2212351/Bitcoin_BSC.jpg
View original content:https://www.prnewswire.co.uk/news-releases/can-new-bitcoin-bsc-coin-repeat-the-bitcoin-price-move-from-1-to-30-000-and-mint-more-millionaires-301929400.html
LIMASSOL, Cyprus, Sept. 20, 2024 /PRNewswire/ — Ultima Markets, a leading global forex and CFDs brokerage, is thrilled to announce its double success at the prestigious Global Forex Awards – Retail 2024. The company won two distinguished awards: “Best Affiliates Brokerage – Global” and “Best Fund Safety – Global.”
The awards were presented during the event in Limassol, Cyprus, where Jean Philippe, Board Advisor, Corporate Governance and Sustainability at Ultima Markets, accepted the honours.
The Global Forex Awards – Retail has celebrated excellence in trading innovation for seven consecutive years. Ultima Markets’ dual wins reflect its commitment to quality, client-centric strategies, and strong partnerships across the financial services sector.
The “Best Affiliates Brokerage—Global” award recognises Ultima Markets’ exemplary affiliate programme, which has successfully driven its global expansion. It is celebrated for its transparency and competitive rewards tailored to affiliate needs.
Receiving the “Best Fund Safety – Global” award highlights Ultima Markets’ efforts to safeguard client assets. Through its partnership with Willis Towers Watson, the company provides up to USD$1,000,000 in insurance per account, while its Financial Commission membership ensures clients access to up to €20,000 in compensation funds.
These recognitions underscore Ultima Markets’ priority to security and transparency, including segregated accounts and robust risk management practices. The broker also assures affiliate partners of exceptional standards.
Commenting on the awards, Jean Philippe said, “These recognitions reflect the exceptional work of our teams to ensure the safety of traders’ funds and our dedication to creating value for our partners and clients. We will continue to evolve and innovate to meet the market’s demands.”
Ultima Markets is renowned for its extensive range of trading products and personalised customer service, designed to meet clients’ diverse needs worldwide. The dual recognition marks a significant milestone in the company’s global growth and reaffirms its reputation for delivering fund safety and robust affiliate opportunities.
“We are delighted to be recognised with these awards, which reflect our mission to create a secure trading environment and build strong, rewarding partnerships,” said Jack Li, Ultima Markets’ Regional Business Director.
About Ultima Markets
Ultima Markets is a fully licensed, fast-growing broker offering access to 250+ financial instruments. With a team of 2,000+ professionals in 15 global offices, we serve clients in 172 countries. Check out more about our awards on Facebook, X, Instagram, LinkedIn and YouTube.
Photo – https://mma.prnewswire.com/media/2509938/iMAGE1.jpg
Logo – https://mma.prnewswire.com/media/2509939/Ultima_Markets_LOGO.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ultima-markets-wins-two-prestigious-awards-at-global-forex-awardsretail-2024-302253644.html
Fintech PR
EQT to acquire Indostar Home Finance, an Indian affordable housing finance company, for INR 17.5 billion (USD 210 million) and invest INR 5 billion to support further growth
STOCKHOLM, Sept. 19, 2024 /PRNewswire/ —
- Indostar Home Finance is a fast-growing affordable housing finance company with INR 24 billion (USD 286 million) in assets under management, that has supported over 39,000 low income homeowners and small businesses
- India’s INR 30 trillion housing finance market presents a multi-decade growth story driven by strong government support, rising affordability and urbanization
- EQT will invest INR 5 billion in primary capital to support Indostar Home’s continued growth, including by broadening its footprint across India and investing in digital capabilities
EQT is pleased to announce that the BPEA Mid-Market Growth Partnership (or “the MMG fund”) has agreed to acquire a 100% stake in Indostar Home Finance (or “the Company”), a wholly owned subsidiary of Indostar Capital Finance Limited, for INR 17.5 billion (USD 210 million).
Founded in 2017, Indostar Home Finance provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 39,000 low income homeowners and small businesses. The Company has rapidly scaled to more than INR 24 billion in assets under management, achieving a 32 percent compounded annual growth in the last three years. Indostar Home Finance has a network of more than 130 branches spread across nine states and employs over 1,000 people.
The Indian housing finance market currently stands at more than INR 30 trillion, according to the CRISIL. The segment has recorded strong growth driven by government support, rising affordability, and urbanization. However, there remains a significant shortage of housing in the country, with India’s mortgage to GDP ratio at 12.3% compared to more than 60% for developed countries like the USA and UK.
The MMG fund will invest INR 5 billion of primary capital in Indostar Home Finance to support its next phase of growth. EQT aims to expand the Company’s geographic footprint and accelerate its digital transformation journey by leveraging EQT’s in-house digitalization expertise, network of seasoned industry advisors, and expertise in go-to-market strategies.
Ashish Agrawal, Partner in the EQT Private Capital Asia advisory team, said: “Retail lending is a key investment theme for EQT within financial services in India. Building on our investment in the education finance sector through HDFC Credila last year, we are thrilled to welcome Indostar Home Finance to our portfolio. India’s affordable housing finance sector represents a long-term growth opportunity supported by secular demand drivers, favorable government policies and resilient asset quality across economic cycles”
Hemant Sharma, Managing Director in the EQT Private Capital Asia advisory team, said: “Indostar Home Finance has established itself as a leading player in this segment and is well-positioned for continued growth. We are impressed by its market-leading position in South India and strong underwriting capabilities. We see significant potential to expand Indostar’s presence across India and drive its digital transformation. EQT looks forward to supporting the company in its next phase of growth.”
Mr. Shreejit Menon, CEO of Indostar Home Finance, said: “This transaction marks a key milestone for Indostar Home Finance. We are excited to embark on this new journey with EQT, who shares our vision and whose partnership will significantly help advance our mission of delivering affordable housing finance solutions across India. With EQT’s support and global expertise, we are well-positioned for accelerated growth and success.”
The transaction is subject to customary regulatory approvals.
Contact
EQT Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
|
PR_EQT to acquire Indostar Home Finance_19.09.24 |
|
|
https://news.cision.com/eqt/i/building-facade-in-town-original-965878,c3335524 |
Building Facade In Town original 965878 |
LYON, France, Sept. 19, 2024 /PRNewswire/ — After an intense week of competition, the 47th WorldSkills Competition has officially wrapped up, marking the end of a thrilling journey for 1,400 young professionals from around the globe. For four days, participants representing nearly 70 countries and regions competed fiercely in 59 diverse skill areas, transforming Lyon’s Eurexpo into a vibrant hub of craftsmanship and international talent.
From day one, the atmosphere was charged with energy as competitors showcased their expertise in sectors ranging from Manufacturing and Engineering to Fashion, Digital Technology, and Healthcare. The level of dedication and precision demonstrated throughout the week was a testament to the profound commitment these young professionals have to their trades, as well as their determination to showcase their nation’s worth on the global stage.
Last night, the closing ceremony of WorldSkills Lyon 2024, held at Groupama Stadium, brought the event to an emotional close with the announcement of medalists in each skill category. Four medals were awarded in each skill: Gold Medal, Silver Medal, Bronze Medal, and the Medallion for Excellence. This ceremony underscored the core belief of the WorldSkills movement: excellence is found in diversity – diversity of profiles, backgrounds, expertise, and techniques.
The list of medalists is now available. Visit https://worldskills.org/what/competitions/worldskills-lyon-2024/#results to discover the winners!
What’s next?
The impact of WorldSkills Lyon 2024 extends far beyond the event itself. As the competition unfolded, and millions of people followed it in person or through media, WorldSkills Lyon 2024 spotlighted the crucial role of vocational education in today’s world and in shaping our shared future. By celebrating excellence, the competition highlighted the incredible ability of youth to drive the change our world needs through their energy and dedication. The legacy of this event lies in every vocation it has sparked and every future career it has inspired. This 47th edition has once again shown the world that where there is skill, there is a way.
Media Contacts:
Alice Nahon
PR Officer
[email protected]
Anne-Laure TRONC
Press Relation Manager
[email protected]
Photo – https://mma.prnewswire.com/media/2510100/WorldSkills_Lyon_2024.jpg
Photo – https://mma.prnewswire.com/media/2510103/WorldSkills_Lyon_2024.jpg
Logo – https://mma.prnewswire.com/media/2205419/4921868/WordSkills_Lyon_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/worldskills-lyon-2024-talented-winners-long-lasting-legacy-302253405.html
-
Fintech PR7 days agoMedius Wins 2024 ISV Partner of the Year Award in Sweden
-
Fintech PR7 days agoMagic Compass Group Launches New Brand and Prop Trading Business
-
Fintech PR7 days agoATFX Connect Launches NDFs
-
Fintech PR7 days agoBingX Lists AgentLayer on Launchpool, Unlocking New Staking Opportunities
-
Fintech PR5 days agoKuCoin Cares Extends up to 10,000 KCS Humanitarian Aid to Typhoon Yagi Victims in Vietnam
-
Fintech PR5 days agoResponse to possible offer announcement by ABC Technologies Inc. (“ABC Technologies”)
-
Fintech PR5 days agoTIME, Statista Name Three SM companies Among World’s Best Companies
-
Fintech PR6 days agoSeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition