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Major Events to Watch in Crypto and Finance This Week!

Yigit Taha OZTURK — Mon, 02 Dec 2024 13:00:04 +0000

This week, the crypto and finance worlds are packed with significant updates. On Monday, CBOE will launch a new Bitcoin options product, offering investors more flexible strategies. At the same time, $XAI will kick off its airdrop season. Additionally, Binance has announced that it will delist $GFT at 11:00 AM. To close the day, SEC Chair Gary Gensler will appear on a program at 11:00 PM, potentially sharing critical insights about regulations and markets.

On Tuesday, all eyes will be on Turkey’s CPI (Inflation Rate) report, set to release at 10:00 AM. The expectation is 46.6%, compared to the previous rate of 48.58%. Later in the evening, SEC Chair Gensler‘s address may offer new signals regarding crypto regulations.

Wednesday brings major launches in the crypto sphere. Floki is set to unveil its new project, MONKY, while Ripple will launch its much-anticipated RLUSD stablecoin. These developments are expected to ripple through the crypto markets. Later in the evening, at 9:45 PM, FED Chair Jerome Powell will deliver an important speech, followed by the release of the U.S. Beige Book at 10:00 PM, providing critical insights into the economic outlook.

On Thursday, Gala Film will roll out its new token, $FILM, which could drive more interest in the Gala ecosystem.

Friday marks a pivotal day for financial markets. At 4:30 PM, the U.S. Non-Farm Payrolls data will be revealed. Expectations are at 202,000, up from the previous 12,000 figure. Simultaneously, the U.S. Unemployment Rate will be announced, with a forecast of 4.2%, compared to the prior 4.1%.

This week, key events like the Ripple stablecoin launch, SEC and FED Chair speeches, and U.S. employment data could shape the direction of both crypto and financial markets.

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The post Major Events to Watch in Crypto and Finance This Week! appeared first on Coin Engineer.

OKX to Remove GFT Trading Pair and Futures Contracts!

Orhan — Thu, 28 Nov 2024 16:00:05 +0000

As of November 28, OKX has removed the GFT/USDT trading pair from both futures and margin trading sections. Any open orders in your order book will be canceled once they are removed from the list. It’s important to pay close attention to this. Payments for open positions will be made based on the average price in the last half hour before delisting, and the positions will be closed automatically.

Futures (Perpetual Futures):

The GFT/USDT perpetual futures pair will be removed on December 3, 2024, at 08:00 UTC, due to low trading volume and failure to meet performance criteria. Open positions will be automatically closed based on the average price during the one-hour period before delisting.

Margin Trading:

GFT/USDT margin trading will gradually be disabled between November 28 – December 2, 2024. All leveraged users must close their positions in time.

It is recommended that users carefully manage risk during the delisting process to avoid any losses.

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Binance is Delisting These Altcoins: GFT and IRIS Are on the List!

Orhan — Tue, 26 Nov 2024 10:30:18 +0000

Binance, one of the largest cryptocurrency exchanges in the world, has announced the delisting of five significant tokens following its periodic listing reviews. The affected tokens are Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN), which will be completely removed from the platform on specific dates.

Why Does Binance Delist Tokens?

In its announcement, Binance highlighted several key criteria that influence its delisting decisions. These include the commitment of project teams, trading volume, liquidity, network security, quality of public communication, and compliance with legal and regulatory requirements. Users are advised to prepare for this process and take necessary steps to protect their investments.

Important Dates for the Delisting Process

Trading End Date:
- All spot trading pairs for these tokens will cease on December 10, 2024.
Withdrawal Deadline:
- Users can withdraw these tokens from Binance until February 12, 2025.
Margin and Futures Services:
- Trading for these tokens in margin and futures markets will end on December 3, 2024.
Binance Pay and Convert Services:
- These services will no longer support the delisted tokens starting December 5, 2024.

Users are strongly advised to close any open orders, transfer their tokens to their Spot Wallets, and finalize margin positions to avoid potential losses.

The Reason Behind the Decision

Binance aims to maintain a high standard for assets listed on its platform, and delisting tokens that no longer meet these standards helps create a healthier investment environment. This move aligns with Binance’s commitment to ecosystem security and user protection.

The exchange reassured users that these decisions are made transparently and are designed to promote sustainable growth in the crypto market.

What Should Users Do?

To safeguard investments, users must act within the specified deadlines. Those needing additional guidance can refer to Binance’s official announcement or reach out to customer support. Binance believes this decision will contribute to the long-term stability of the cryptocurrency market.

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What is Gifto (GFT) and What Does It Do?

Tanju Akbıyık — Mon, 09 Sep 2024 14:00:37 +0000

Providing a distributed and self-regulating environment, Gifto (GFT) is a digital giving tool meant to enable content creators to commercialize their work straight from their fans. Popular content platforms, including Facebook, YouTube, and Instagram, are included in the protocol to give producers an alternative income source, mostly via virtual gifts bought using Gifto tokens (GTO). This approach lets content producers avoid conventional advertising-based income, therefore facilitating a more direct and environmentally friendly contact with their audience.

Founders of the Gifto (GFT)

Launched by the Asia Innovative Group (AIG), a mobile entertainment company with about a hundred million worldwide users, Gifto Leading the Gifto team with great knowledge in bitcoin, computer science, and business development, Andy Tian, CEO of AIG, brings Under his direction, the team has heavily committed funds to create and market the Gifto protocol and native token, GTO.

How Does Gifto (GFT) Work?

Gifto’s digital gifting system runs on virtual smart gifts—executed via blockchain smart contracts. These presents can be bought from a specialized gift store and sent to preferred content providers. The presents are then exchanged for GTO tokens, therefore enabling producers to profit straight from their audience.

The gift portal developed by Gifto serves as a management tool, allowing users to create, arrange, and oversee several virtual gifts. Gifto has also created a crypto wallet to streamline GTO token transfers, exchanges, and redemptions, hence simplifying transactions. Easy interaction with the Gifto ecosystem is made possible by this transactional wallet’s seamless integration with content platforms, therefore benefiting artists as well as fans.

Gifto’s Future

Gifto has the ability to transform content providers’ compensation as the digital gifting industry develops. Its virtual gifting system could spread even further over new platforms, therefore augmenting its influence. Furthermore, Gifto can investigate new use cases such as digital collectibles, NFTs, and special fan experiences as blockchain technology develops constantly.

How Gifto (GFT) Can Be Used

Operating as a coin inside a digital gifting system on the blockchain, Gifto (GFT) is users can buy and send virtual gifts to content creators—who may use them for GFT tokens. Along with a crypto wallet that streamlines token handling and trading, the platform features a gift store, allowing consumers to purchase and oversee gifts.

Virtual Gifting: Fans can send virtual gifts to their favorite content creators, who then redeem these gifts for GFT tokens. This gives creators an additional revenue stream, reducing their dependence on advertising.
Staking: GFT token holders can lock their tokens to earn additional returns, incentivizing long-term investment in the platform.
NFT Management: The Gifto platform allows users to purchase, store, and send NFTs, with features for minting new NFTs and trading through decentralized applications (DApps).
Charitable Donations: Gifto donates 0.5% of its annual inflation to Binance Charity, which supports global initiatives aimed at combating poverty and ensuring equal access to education.

Gifto (GFT) Market Statistics

As of the latest data (source: CoinMarketCap):

Market Cap: $18,077,413 (Ranked #785)
24h Volume: $1,726,344 (Ranked #686)
Volume/Market Cap Ratio: 9.54%
Circulating Supply: 1,032,167,539 GFT
Total Supply: 1,035,000,000 GFT
Fully Diluted Market Cap: $18,127,021

For detailed information, you can visit Gifto’s official website here!

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